william lai will be inaugurated as taiwan's president in a few hours, replacing the outgoing tsai ing—wen. whilst much of the focus will be on the new president's approach to cross—strait relations with china, a key focus for voters in january's election was taiwan's economy. gdp expanded byjust 1.3% as exports suffered due to a drop in global demand. another major election issue, youth unemployment. the jobless rate for the young is at over 11%. i asked economist woei chen ho for her perspective on what taiwan's new president should prioritise economically. taiwan's economy has been resilient _ taiwan's economy has been resilient over— taiwan's economy has been resilient over the _ taiwan's economy has been resilient over the last - taiwan's economy has been resilient over the last for i resilient over the last for years— resilient over the last for years with _ resilient over the last for years with growth - resilient over the last for. years with growth averaged resilient over the last for - years with growth averaged over three _ years with growth averaged over three point— years with growth averaged over three point for— years with growth averaged over three point for point _ years with growth averaged over three point for point 24% - three point for point 24% between _ three point for point 24% between 21 _ three point for point 24% between 21 and - three point for point 24% between 21 and 23. - three point for point 24% between 21 and 23. that's des - ite between 21 and 23. that's despite the _ between 21 and 23. that's despite the pandemic. . between 21 and 23. that's despite the pandemic.

taiwan's dominance of the global semiconductor industry. it produces over 67%... 90% of higher chip. economic success has not been felt. even if the ground. william lai has to address the younger populations concerns over the job concerns over thejob opportunities, concerns over the job opportunities, housing affordability and in general the higher cost of living in taiwan's. so he has also got to maintain taiwan's competitiveness in the technology space and also has to address taiwan's energy challenges and ageing populations amongst other. certainly has a lot on his plate on the domestic front. on the international front, plate on the domestic front. on the internationalfront, he does not have to look far. how does not have to look far. how do you see his relationship with china and how do you think he will manage that, considering china is what of its key trading partners? in its key trading partners? in fact, its key trading partners? in fact, beijing's reaction to taiwan's outcome has been muted. reduced in the next

four years of dpp rule compared to the past eight years of dpp's rule. but still i think there is no incentive for either side to increase tensions because this could come at a high economic cost. at the same time, taiwan's is trying to increase its cooperation with the us and it has to continue to toe china's line. for china, it has to deal with a lot of its domestic issues at the moment. so i think there will be restraint on both sides to maintain peace and also to prevent an escalation of the riskiest. aha, escalation of the riskiest. a delicate line for william lai to work between china the us as well. what does it mean for other countries? these tensions, if they are to continue, willow damage perhaps taiwan's of attracting more

investors to the territory? jaehwan will continue to be attractive because of its dominance of the global semiconductors industry. trade with china, as you mention, is still an important part of taiwan's economy. trade and investment between china and taiwan has not only been shaped by the cross strait developments as with other parts of asia, because there are other factors in parts of asia, because there are otherfactors in play including us, china tension. donald trump implemented a tariff on chinese goods and that has accelerated the flows of investments and production out of china and that is only increased in recent years as a result of the slowdown in china's economy and also after covid-i9. so that china's economy and also after covid—19. so that has led to a solution of diverse occur in diversification from china into other parts of asean and into taiwan as well. but despite all

that, china is still�*s two still china two taiwan's biggest trading partner. even as taiwan wants to reduce its reliance on china and cooperation with the us it has to do so gradually. china still has an abstinence of manufacturing industry and supply chain. —— supply trade china has launched an anti—dumping probe into imports of an important engineering chemical from the european union, the us, japan and taiwan. the chemical is used in medical equipment, car parts and even phones. according to commerce ministry the investigation could take from six months to a year, and follows similar probes by the eu and us into china's subsidies for its strategic sectors. it's a big day in india, as the country crosses the halfway mark of its two—month long election. today the fifth phase of polling kicks off, with voters in the financial capital ready to cast their vote. home to some of india's

richest, mumbai is the key economic hub driving the nation's economic policy. but, the widening wealth gap is a pressing issue for many. the bbc�*s archana shukla has more. india's financial capital sends ii 11 inaudible to the parliament and has been at the centre of economic policy making in the policy, country. policy making in the policy, count . ~ ., . , country. were not? the city contribute _ country. were not? the city contribute 696 _ country. were not? the city contribute 696 of _ country. were not? the city contribute 696 of the - country. were not? the city l contribute 696 of the country's contribute 6% of the country's gdp and over a quarter of its industrial production. the business activity and consumption in the region are reflective for markets like this one is a key link in india's centre being the fastest—growing major economy in the world. but the city is also one—off contrast. on i—handed it is home to the most number of billionaires in asia and on the other it houses asia's largest slums in inaudible. reason why some of the election issues being talked about this time are on economic lines, reflective of this inequality is well. whether it is a massive infrastructure development in the country,

some of which has benefited mumbai buyers well through sea bridges and highways being constructed and better connectivity or price rise. remember, mumbai is an expensive city to live and rising prices is resonated with voters here. it is a concern. aid to that rising unemployment, especially among the educated youth, is something people are talking about. as politicians muscle into out, stock markets and mumbai have beenjittery over the past few days, indicating nervousness as we inched closer to the last leg in this general election. in other news, billionaire elon musk is in indonesia for the launch of spacex's satellite internet service for the country's national health sector. the starlink service as it's known, will help improve internet connectivity across remote areas of the country. it is currently available in two health centres in bali, and one on the remote island of aru in maluku. the tech magnate will meet with indonesian president joko widodo later today.

microsoft will host its build developer conference which kicks off on tuesday. the company is said to showcase its latest artificial intelligence projects, including how ai will be embedded into windows and how users can use it on personal computers. microsoft's conference follows several major once by google and openai earlier this month. ——ones let's turn to japan, where saudi arabia's crown prince mohammed bin salman will arrive in tokyo on monday. the crown prince has moved to open the kingdom's economy to tourism, as well as new business ventures, including tech and gaming. fun fact — the sovereign wealth fund of saudi arabia owns a stake injapanese gaming giant nintendo. the kingdom is also a major oil supplier to japan. energy analyst ellen wald, president of transversal consulting, laid out the types of ventures both japan and saudi arabia may push for on this trip. it is about more than just a

supplier visiting is consumer, it is more about forging economic ties across areas that do notjust encompass oil. with the paf, the saudi public investment fund holding a missed two major stake in indian donegan tendo another investments there, remco for example has done work with japanese companies in terms of exporting blue ammonia. and there is a lot more going on there is a lot more going on there for that intercom two chemical industry. it is definitely about forging longer lasting economic ties.- lasting economic ties. could ou tell lasting economic ties. could you tell us _ lasting economic ties. could you tell us more _ lasting economic ties. could you tell us more about - lasting economic ties. could you tell us more about the l you tell us more about the other ventures that saudi arabia will be pursuing in japan, particularly the investment coming into japan? i would not be surprised, a lot of the energy stuff will be left mainly to aramco and their executives who already have deep ties with japan and with japanese companies. what i would expect to see is four 26

nbs to pursue other investments, both money going into japan but also to see perhaps to kind of bring some japanese investment to saudi arabia. the saudis are really looking to diversify their economy. they would like to manufacture things, for example inside saudi arabia they would love to get toyota to open a plant in saudi arabia and other things. and what saudi arabia has to offer is land, very cheap energy resources, subsidies in terms of that, so it will be interesting to see if there are any mous that are signed as evidence of companies injapan looking to pursue economic investment in saudi arabia. also, there is a saudi money that can be invested in japanese companies, with the pif looking to really diversify their holdings and their investments.— their holdings and their

investments. �* ., ., investments. before you go, let's bring — investments. before you go, let's bring you _ investments. before you go, let's bring you live _ investments. before you go, let's bring you live pictures | let's bring you live pictures from taipei where preparations are under way for the inauguration of president william lai in 30 minutes time. won about 40% of the vote but the dpp lost its majority in parliament, which is expected to be a challenge. his inauguration speech will be closely watched for how he will navigate the close relationship with china. and that's it for this edition of business today. thanks for watching. goodbye for now.

hello and welcome to sportsday. i'm lizzie greenwood—hughes — here are the headlines. manchester city make history winning four premier league titles in a row.

it's auf wiedersenjurgen — as klopp fist pumps his goodbyes to liverpool. and a stunning solo ride moves pogarcer a step closer to a first giro title. welcome to the programme. manchester city have won the premier league title for the fourth successive season, becoming the first team in english football history to do so. leading at the start of the day, all they had to do was better arsenal who were two points behind them, and they did it in style, beating west ham 3—1. katie gornall was at the etihad to witness history. selling champions, banners, flags, since full—time but in

truth they probably had them ready for