latest plus that of tourism's latest frontier, we are looking into the growing trend of arctic travel. hello and welcome to asia business report with me, steve lai. ourtop business report with me, steve lai. our top story today, tesla could be facing a bumpy road ahead. america's leading electric car company is due to report how many cars are produced and delivered globally during the first three months of this year, possibly as early as a table top and wall torres straight islanders worried. for more on this, here's our bbc north america business correspondent michelle fleury in new york. one analyst called the start of this year a nightmare for tesla as he cut his delivery forecast from 475,000 to 425,000. wall street is bracing for tesla to report its first sales decline in years. the last time that happened was during the pandemic lockdowns of 2020. so what is going on? elon musk�*s car company has

suffered multiple setbacks. a fire at its gigafactory in berlin halted production. higher interest rates, which put up borrowing costs, are also taking a toll and it has an ageing line up of vehicles. but it is the chinese market that investors are most worried about. dan ives from wedbush securities blamed rising ev competition and a lingering price war for the challenges that the company faces in that market. the gloomy outlook, well, it's driven tesla's stock down roughly 30% since the start of this year. still one bright spot — it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. here are some of them might have, tesla and other makers of electric vehicles — the senior minister in the indian government in charge of road transport has said that the country will have no diesel or petrol vehicles in the future.

but the minister didn't give any timeframe for this and vicious target now the bbc explains a — how it will be to achieve this goal. the minister making his comment was because of the press trust of india are prominent international news agency what is said that he wanted to get rid of the nearly 360 million petrol and diesel cars are from indian roads. but surprisingly, the minister didn't say by when the government was planning to do this and any kind of ambitious target like theirs has its challenges in a country like india. here is why. while sales of electric vehicles have gradually been going up, the industry itself it still out on a stage. all cars running on indian roads, less than 5% are electric. and according to figures, there are still not enough charging stations, a very real concern for buyers. sample is, there is one charging station for every 125 electric cars in the country. they also remain more expensive to buy due to higher

manufacturing cost and the industry remains import dependent for its key competence. the government has tried to incentivise the industry by allocating additional funds and encouraging domestic additionalfunds and encouraging domestic companies to make in india to reduce import and proposal to produce a tax is there but that is still pending with the finance ministry. the government remains charged but it still a long way off to the majority of the buyers blending into this idea, the minister said that his vision was difficult but not impossible. let's turn to china because the shares of the chinese property giant country garden has been suspended from trading in hong kong. it comes after the company pushed back its publishing its annual results saying it needed more time to collect information. so how did one of china's biggest company get into this mess? our business reporter takes a look. country garden has found itself at the heart of china's property crisis, the sector accounts for about a quarter of

the country's economy and it was once considered a darling of the government. it was a major source of growth generated jobs, sparing china development but built increase on debt, beijing spider problem and introduce measures in 2021 to curve the amount that big listed companies could borrow. the problem was, these measures may have been a little too effective. the movement of the sector, hitting supplies and construction companies and it's because the sale of properties which were their way to invest for china's middle class to tumble. country garden has been the biggest casualty, until last you, it was china's largest property developer by sales with more than 3000 projects across the country. but it also has around $200 billion in debt and has been unable to repay some of its loans. last october, it defaulted on offshore bonds, and this is contributing to a total lack of confidence. in february, its sales dropped 85%, the biggest monthly drop off in at least seven years. with all of this, it's facing

calls to wind up. one company filed a petition in hong kong's court in february to ask the firm to liquidate. it is not expected to pass but the same core did order country garden is a smaller, more internet rival evergrande to liquidate earlier this year. it raises questions of that anyway that any of these companies can restructure their debt, country garden has reportedly hired financial advisors in new york to carry out a liquidation analysis and it's called on creditors to be patient, seeing china's property industry is volatile. country garden and evergrande are just two recent examples of china's property developers in crisis. last week, some of china's largest banks reporting the latest earnings which has showed an increase in bad loans to the property sector. the chief economist at hang seng bank china and she says this property market downturn is far from over. while china's properties access are still in the process of going down, in

terms of construction and the sales and while we look at the recent data, it's pretty clear that there are way more houses being completed than being sold. the situation has pushed a more potential consumers to be more conservative, it looks like the liquidity and will estate sector is still drying up. and the government —like intention to bail out those largest property developers and there is some government initiatives tried to bail out some of the projects. but in the long—term, i think the next two — three years at least, we will still see the term further. chinese banks like baker communication reported an increase in bad loans in the property sector, that must be concerning?— property sector, that must be concerning? very much. there are more _ concerning? very much. there are more than _ concerning? very much. there are more than 4000 _ concerning? very much. there are more than 4000 banks - concerning? very much. there are more than 4000 banks in l are more than 4000 banks in china, 95% of them are actually small original banks and those largest banks that you mention has a problem but comparing to the smaller ones, the problem is not that severe. when the government is trying to consolidate a lot of those

original small banks because the highly exposed to local government debt or housing sector so, the effort is going on but we can see more of the balance coming out in the property sector. the solution is still sales. but before chinese consumers are becoming comfortable again to get back in the market, i don't see a real turnaround.— in the market, i don't see a real turnaround. let's turn out to the arctic — real turnaround. let's turn out to the arctic because - real turnaround. let's turn out to the arctic because the - to the arctic because the region is becoming one of the latest frontiers in tourism. finland's northernmost region of lapland has seen bumper visitor numbers this winter. they headed to winter wonderland on the edge of the artic circle. with long dark nights and subzero temperatures, this seems an unlikely holiday destination. yet, here at the arctic circle, it has been a bumper tourist seasons. as a gateway to the finish lapland, he welcomes a 500,000

people to this very spot. we wanted to do in arctic circle, northern tour for a very long time. there is an appeal of coming up here when it is snowing and it's cold. we did our research on social media, they share are a lot. of stories about here. we saw a lot of posts from the village and it is very romantic and pretty. the covid pandemic hit the tourist interest at heart but since then they have not only had visitor numbers bounce back but searching. and the negative temperatures certainly not holding people back. tourism is yet rebound elsewhere in finland but here in lapland, it is a different story, hitting new heights last year. once popular with chinese tourists, now most visitors come from europe. particularly the uk, france and germany. most of them head here to rovaniemi where a doubling of international flight routes has helped tourism take—off, sending overnight stays up 30%.

this is a record breaker year, for sure. we are going to have this full speed until the beginning of april so the whole winter season will be a record—breaking level. and social media has had huge pulling power. it has trenched the structure for tourism in my mind because people seek photogenic places and the instagram mobile moments and that gets people to travel. other travel agents at seen an upswing in tourism with a courtesy the norway has outpaced the economy and tours have soared. meanwhile in sweden where tourism has yet to recover its arctic region has grown most strongly. she began of running tours two years ago. encouraging for us to see the northern lights in rangers and other things. everybody had been in the beaches and things like that so now, they want to see the artic life. accommodation can be expensive, but consumers seem to be willing to fork out more for alternative gateways. this hotel employ staff members to watch out for the aura. i think this is trending, people seek something really unique and different. two—thirds of visitors come here in wintertime to the challenge is to spread

business across the year. september—october is something we wish to welcome more visitors. tours have ballooned and in this local area, more than 100 companies or the northern lights tours, but you will need some luck to see them. shares of donald trump social media company plunged 21% on monday, the drop wiped out the gains from its debut last week. becomes of the company disclosed it recorded 58 lin dollars in losses last year and admitted it would struggle to meet its financial liabilities going forward. more from me tomorrow, and by for now. —— bye for now. travelling can be so much more than holiday. it's about diving head first into new experiences.- head first into new exeriences. �* , experiences. and seeing the world with — experiences. and seeing the world with fresh _ experiences. and seeing the world with fresh eyes. - experiences. and seeing the j world with fresh eyes. which

each destination _ world with fresh eyes. which each destination tells - world with fresh eyes. which each destination tells a - world with fresh eyes. which l each destination tells a unique storx — each destination tells a unique sto . �* , _, story. and every encounter brinus story. and every encounter brings a — story. and every encounter brings a new— story. and every encounter brings a new perspective. i brings a new perspective. because _ brings a new perspective. because all— brings a new perspective. because all these - brings a new perspective. l because all these amazing places are made so much richer by the people who live in them. so unless your spirit of adventure and join us for a deeper understanding of the world. ., ,, ., ., . world. the travel show - watch on bbc iplayer. _

hello and welcome to sportsday — i'mjane dougall. can anyone catch them now? inter milan lead serie a by 14 points after another convincing win. collar up means business, thiem gets his first atp win of the year. and, from the catwalk to the canoe. para—athlete jack aires shares his story and his hopes for this summer's games. welcome to the programme.

inter milan are getting ever closer to wining serie a for the first time in three years after going 14 points clear at the top of the table. they beat empoli 2—0 in a convincing victory which increases their lead over city rivals ac milan with just eight matches to go. nick parrott reports. despite federico dimarco opening the scoring at san siro with less than six minutes on the clock, inter were far from the scintillating form they showed before being knocked out of the champions league by atletico madrid last month. russ van marin came close to scoring a spectacular equaliser in the first half, and polley�*s stubborn resistance was only broken after former manchester united and arsenal forward alexis sanchez came on. the chilean securing the victory for inter with just nine minutes to go.

if results continue to go their way, they could secure the title in the milan derby in three weeks' time. nick parrott, bbc news. elsewhere bologna were 3—0 winners over bottom of the table salernitana, beating them for the second time this season. they're currently fourth in the table, pushing for a place in the champions league. so let's take a look at the top of serie it. inter milan with 79 points — 14 between them and their city rivals ac milan who're in second with eight matches left to play. juventus and bologna both looking for champions league places in third and fourth respectively. in england, burnley look like they will be heading back to the championship. they are 19th in the premier league table, but their manager vincent kompany has hit out at the referees in the league, saying the standard hasn't been good enough this season. kompany was shown a red card over the weekend during their draw at chelsea, after protesting against a penalty decision that resulted in one of his players being sent off.

the frustration comes from the fact that is a succession