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tv   Asia Business Report  BBC News  March 5, 2024 2:30am-2:46am GMT

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china's official work report states the country is targeting growth of around 5%. last year, the economy grew by 5.2%. we arejoined by we are joined by our reporter. you are following premier li qiang's speech. what was the main thing to note? the qiang's speech. what was the main thing to note?— main thing to note? the main thing tonight _ main thing to note? the main thing tonight was _ main thing to note? the main thing tonight was it _ main thing to note? the main thing tonight was it was - main thing to note? the main thing tonight was it was an i thing tonight was it was an exercise in morale boosting. that 5% figure you mentioned, some economists predicted that would be quite a challenge potentially for the current situation china faces itself in but they did not dip into the flaws in their growth market and for many that might be seen as a morale booster. consumption, people's confidence to go out and spend it was a positive. it is an exercise to improve that. he
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said there were favourable conditions outweighing unfavourable ones. and that china will surge ahead to a great future. he lauded developments in science, technology as well as the environment.— technology as well as the environment. , , ., environment. the emphasis on the economy- _ environment. the emphasis on the economy. what _ environment. the emphasis on the economy. what other- environment. the emphasis on| the economy. what other areas did he touch on?— did he touch on? tech and al was an interesting _ did he touch on? tech and al was an interesting element. | did he touch on? tech and ai i was an interesting element. he talked about investing in quantum computing. he lauded as well talking about technology, the sea 919 airline that take into the skies domestically, the need for self—sufficiency. beijing has been talking about us restrictions on cheap production and that was one element of it. —— chip. 2
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million urbanjobs, youth million urban jobs, youth unemployment million urbanjobs, youth unemployment and defence spending. a target of 7.2% on defence spending which is more or less in line to what it was last year. or less in line to what it was last year-— or less in line to what it was last ear. �* ., ., ., ~ , last year. and how have markets reacted? perhaps _ last year. and how have markets reacted? perhaps not _ last year. and how have markets reacted? perhaps not as - reacted? perhaps not as positively _ reacted? perhaps not as positively as _ reacted? perhaps not as positively as some - reacted? perhaps not as positively as some had l positively as some had expected. down 1.5% with one. shanghai's index largely unmoved. the other element is oil and oilfutures, unmoved. the other element is oiland oilfutures, more unmoved. the other element is oil and oilfutures, more or less unchanged which given china is the biggest producer and exporter, it is surprising. thank you very much for that. for more reaction, the president of american chamber of congressjoins us president of american chamber of congress joins us life. good to have you on. we were speaking to you earlier this morning, looking ahead to the speech. any surprises? what surprise you most from premier
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li qiang? it surprise you most from premier li qianu ? , ., , surprise you most from premier li qiang? it is a brief report, a little bit — li qiang? it is a brief report, a little bit shorter _ li qiang? it is a brief report, a little bit shorter than - li qiang? it is a brief report, a little bit shorter than prior| a little bit shorter than prior years but a very pragmatic approach to reviving the economy with a focus on how to stimulate wealth and 7—.5% is not a small number and when you look at the overall gdp, 126 trillion, if you target 5% of that, that is equivalent of the mid—size country and that will contribute again probably 30% of the global growth this year so it is a reasonable number and based on provincial budgets from 3a municipalities, it is a reasonable target. we are certainly very happy to see that number confirmed today. aha,
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that number confirmed today. a reasonable number and target but it is down from the five point to from the year before. does that point to the challenges china is facing? certainly the report took quite a bit about the challenges of international, external and domestic challenges and china certainly in this challenging period to stimulate growth, i think the key part is consumption. how do you encourage people to spend? from a fiscal standpoint, certainly i think the new report revealed that if they issued new government bonds, a total of1 trillion on top of what happened late last year, that you should 1 trillion rmb so hopefully hopefully this will be the beginning part and on
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the consumer side of the government also is talking about encouraging house folks to spend more in terms of buying big—ticket items. —— households. appliances, automobiles and so forth. i think the key unknown kind of solution is what to do with the real estate market because there is such an overcapacity in the real estate market used to drive the growth of the chinese economy and what do we do with that and that remains to be seen. we do with that and that remains to be seen-— do with that and that remains to be seen. ~ , ., . to be seen. we will be watching closel . to be seen. we will be watching closely. thank _ to be seen. we will be watching closely. thank you _ to be seen. we will be watching closely. thank you very - to be seen. we will be watching closely. thank you very much i closely. thank you very much your thoughts. elon musk made headlines for suing openai and its ceo sam alternativeman last week, but this week he's —— altman, last week but this week he's facing a lawsuit of his own. elon musk is being accused of unfairly depriving four top twitter executives out
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of their severance. the former execs say mr musk owes them more than $128 million collectively and they're suing. here's the discrepancy. mr musk said at the time that he fired them for cause, and therefore he didn't need to pay them severance. but the former executives say that's not true. they'd been on the forefront of efforts to make mr musk follow through on his acquisition of twitter after he offered and then backed away. the group includes twitter�*s former chief executive, the company's former chief financial officer, the former chief legal officer and the former general counsel. the lawsuit was filed in federal court in california on monday. apple has been fined for breaking competition laws. according to the commission it abuses position by preventing streaming services from informing users of alternative
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options outside of the app store. this is illegal of the eu anti—trust law. apple is said to appeal a decision saying there was no evidence consumers were harmed. their stock was down over 2% on wall street. now, there are more than 25 safe and effective vaccines to prevent disease, but millions still die every year, because the vaccines don't get to the people that need them. one company has been looking at ways to streamline the process. my colleague lara lewington from bbc�*s click went along to find out. chikungunya is one of the infections that's spread by mosquitoes. it's usually confined to sub—saharan africa, but has started to spread. one vaccine has just been approved by the food and drug administration in the us, but others are working on it too. one of them is the bristol—based start—up imophoron. it's developed a new synthetic protein called addomer. the protein is adorned with parts of the target virus but it's not infectious itself.
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it's a different approach to how other vaccines like the covid—19 ones were made, but there's one big advantage. the addomer can be produced, stored, transported and brought to the people at ambient temperatures, which can go up to 50 degrees. this is a big advantage to other vaccines, which depend on a functioning cold chain. millions of doses of vaccines are lost every year because of inadequate refrigeration, especially when being sent to developing countries. part of the issue is transporting the vaccine from the distribution depot, where it is kept in cold chain conditions, to the site where it's going to be administered. it could be hundreds of miles. and then when they get to the facilities where they're going to deploy the vaccine, more often than not, there's not any refrigeration. another big advantage of the technique being used here is that it could be synthesised to target more than one disease in one shot.
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so when we put it then into the cryoelectron microscope, the electron beam can go through it and we will see our vaccine particles. the microscope can zoom in to 0.1 nanometre detail, that's one ten—millionth of a millimetre. these raw images may not look like much to you or me, but they are a vital part of the process. and if they do succeed, the possibilities in other areas could be huge too, such as cancer vaccines that train the body's immune system to make antibodies against a tumour. this is a small company, though, up against a big challenge, and big pharma, and these vaccines aren't in humans yet, so there's a way to go. french lawmakers has proposed an environmental impact of set forfashion companies. offering
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for fashion companies. offering thousands forfashion companies. offering thousands of new products every day and a penalty of up to 50% of the selling price has been suggested and would come into force by 2030 if the bill passes. that's it for this edition of asia business report. bye for now. bbc news, bringing you different m stories bbc news, bringing you different stories from across the uk. a plot of land right next to the river leap which campaigners say they would like to turn into a community waterpark. to turn into a community waterpark— to turn into a community waterark. ., , waterpark. imagine swimming in blue ponds- _ waterpark. imagine swimming in blue ponds- it — waterpark. imagine swimming in blue ponds. it is— waterpark. imagine swimming in blue ponds. it is a _ waterpark. imagine swimming in blue ponds. it is a vision - waterpark. imagine swimming in blue ponds. it is a vision they . blue ponds. it is a vision they have held _ blue ponds. it is a vision they have held for _ blue ponds. it is a vision they have held for five _ blue ponds. it is a vision they have held for five years, - blue ponds. it is a vision they have held for five years, with | have held for five years, with community ownership at its heart. the land is owned by the government and leased out to thames water but now there is an alternative plan for the site. london council would like to build a secure children home therefore 2a places for
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vulnerable children and they say it is the first in london and is needed due to a shortage of places available which means children face long wait and can move up to 200 miles away from the capital. move up to 200 miles away from the capital-— the capital. some people would sa this the capital. some people would say this is _ the capital. some people would say this is a _ the capital. some people would say this is a good _ the capital. some people would say this is a good idea - the capital. some people would say this is a good idea and - say this is a good idea and need for it. and if it is going to be built anyway, why not here? ~ ., ., , , ., here? we are not experts on the needs for secure _ here? we are not experts on the needs for secure facilities - here? we are not experts on the needs for secure facilities for - needs for secure facilities for children _ needs for secure facilities for children. we are experts on the needs_ children. we are experts on the needs of— children. we are experts on the needs of our local community and we — needs of our local community and we would argue that this land. — and we would argue that this land. the _ and we would argue that this land, the best use for it is for a — land, the best use for it is for a waterpark. it should be protected from development, it will reconnect the marshes and reconnect— will reconnect the marshes and reconnect us with our heritage of the — reconnect us with our heritage of the water sites. it will bring _ of the water sites. it will bring benefits for the local community. for more stories from across the uk, head to the bbc news website. hey, i'm zoph with the catch—up. tonight — a new documentary on sarah evarard, a real—life
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james bond speaks out, and a strange sighting in the us. the detective who led sarah everard's murder investigation has told us about the moment she found out her killer, wayne couzens, was a serving met police officer. sarah was abducted, raped and murdered by couzens as she walked home in 2021. detective katherine goodwin told the bbc about the shock of having to break the news to her boss. i knew that i had to tell my boss and i canjust remember the shock of having to just sit on the floor of the office and say to her, "you're not going to believe this, "but he's a police officer." and then the same questions went through her head as went through my head. "are you sure?" sarah evard: the search forjustice is on bbc one at 9:00pm on tuesday and will also be available on bbc iplayer.
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next, apparently working for mi6 can be more exciting than a james bond film. that's according to a director at the uk's secret intelligence service. the officer, who's going by the name kwami, said that, throughout his career, he has seen things way more than what you see in the spy movies. time now to leave you with 10 seconds of tumbleweed. no, really, actual tumbleweed is all over the streets in the us because of high winds of up to 35 miles per hour. hopefully that's the last time we see any tumbleweed on this show. it looks like the hair that i pull out of my hair brush. did not look good. you're all caught up now. see you later.
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hello and welcome along to sportsday. i'm sarah mulkerrins. coming up on the programme: a goal fest for the gunners. they hit six against sheffield united to keep pace in the premier league title race. a big miss forjump racing's biggest festival as constitution hill is ruled out of cheltenham. and plans begin to bring the world athletics championships back to the uk in 2029.
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you're very welcome along to the programme, wherever you are watching around the world. well, arsenal have kept up the pressure in this season's title race in the premier league. the gunners hammered bottom side sheffield united 6—0 to move two points behind leaders liverpool, and arsenal became the first english league side to win three away games in a row by a margin of five or more goals. captain martin odegaard opened the scoring just five minutes into the game. ajayden bogle own goal, along with scores from gabriel martinelli, kai havertz and declan rice had many home fans leaving early at bramall lane. ben white then rounded things off after the break as the blades improved
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a little in the second half.

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