Browse content similar to 09/06/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Trust. Those are the latest headlines. Now | :00:00. | :00:00. | |
on BBC News all the latest business news live from Singapore. | :00:00. | :00:16. | |
China's imports unexpectedly fall, we ask what the government has to do | :00:17. | :00:22. | |
to encourage growth. Please, please! Come on! The whole cage is shaking. | :00:23. | :00:28. | |
Our correspondent drops into a virtual shark tank to give you a | :00:29. | :00:32. | |
sneak peek at the latest in gaming technology. | :00:33. | :00:41. | |
Welcome to Asia Business Report. The latest trade numbers from China have | :00:42. | :00:43. | |
increased the pressure on the government to do more to support | :00:44. | :00:49. | |
growth. Exports rose in May, but imports fell down 1.6% from one year | :00:50. | :00:53. | |
earlier. Indicating weak domestic demand in the world 's | :00:54. | :00:59. | |
second`largest economy. The Barclays chief China economy `` economist | :01:00. | :01:04. | |
told me that the surplus was disappointing and another sign that | :01:05. | :01:08. | |
the government has to act. We have been calling a couple of weeks ago | :01:09. | :01:13. | |
for more significant monetary easing. In past weeks, we have seen | :01:14. | :01:20. | |
the State Council has announced further targeted easing measures in | :01:21. | :01:23. | |
terms of cutting reserve requirements for banks. Selectively. | :01:24. | :01:30. | |
And in expanding the lending to small enterprises. Last Friday, we | :01:31. | :01:33. | |
had bank regulators announcing that they would change alone to `` law to | :01:34. | :01:41. | |
deposit regulations. That being said, the government need further | :01:42. | :01:48. | |
monetary easing, especially the Premier looks keen to achieve the | :01:49. | :01:58. | |
7.5 gross target for this year. Would you say that if there is not a | :01:59. | :02:04. | |
rate cut, that target is RSS? Yes, even though the first quarter rose | :02:05. | :02:13. | |
within 4%, it could drag down a property investment and overall | :02:14. | :02:22. | |
investment activities `` risk. There are further downside risks this | :02:23. | :02:26. | |
year. More policy easing and possibly in the form of interest | :02:27. | :02:34. | |
rate cuts to lower the financing cuts for the economy is necessary. | :02:35. | :02:39. | |
Revised data from Japan shows the world 's third`largest economy grew | :02:40. | :02:45. | |
1.6% in the first quarter of 2013. Ahead of an increase in sales tax, | :02:46. | :02:49. | |
it is the strongest expansion in more than two years and slightly | :02:50. | :02:54. | |
faster than economists forecasted. China's Foreign Minister is in India | :02:55. | :02:58. | |
for talks on trade and boosting economic cooperation. He has made | :02:59. | :03:04. | |
his Indian counterpart for the first high`level meeting between the | :03:05. | :03:07. | |
countries since the prime minister became India's new leader `` met. | :03:08. | :03:12. | |
India runs a $14 billion trade deficit with China. Narendra Modi is | :03:13. | :03:17. | |
expected to renew his country 's demands for greater market access | :03:18. | :03:20. | |
and to reduce that gap when he meets the Foreign Minister today. India's | :03:21. | :03:24. | |
government will deliver their first budget in the next few weeks, one of | :03:25. | :03:28. | |
the key priorities will be infrastructure. India has struggled | :03:29. | :03:32. | |
in the past to get big projects off the ground, that has cost jobs, | :03:33. | :03:37. | |
investment and economic growth. We look at why they are stuck and what | :03:38. | :03:42. | |
can be done. If things had gone according to | :03:43. | :03:45. | |
plan, this would now be a bustling construction site. It is the land | :03:46. | :03:50. | |
where mum buys new airport is supposed to be built. Authorities | :03:51. | :03:56. | |
have been unable to start work ``Mumbai's. They don't have all the | :03:57. | :04:01. | |
land they need for the project. A small part of the area is owned by | :04:02. | :04:05. | |
villagers. They are not willing to sell it. I would demand from the | :04:06. | :04:13. | |
beginning has been compensation, which is critical to secure our | :04:14. | :04:18. | |
future. What the authorities are offering us now is lower than that. | :04:19. | :04:22. | |
The acquisition is one of the reasons why many projects have been | :04:23. | :04:27. | |
delayed. Across India, hundreds of infrastructure projects have made no | :04:28. | :04:31. | |
progress, because developers have failed to cut through red tape. Most | :04:32. | :04:35. | |
of the pending ones are related to road building or infrastructure for | :04:36. | :04:41. | |
energy, like power stations, minds, and oil and gas projects. As well as | :04:42. | :04:47. | |
getting hold of the land in need, environment and forest clearance has | :04:48. | :04:52. | |
been another major hurdle ``mines. The new government is under pressure | :04:53. | :04:56. | |
to get these infrastructure projects off the ground as quickly as | :04:57. | :05:02. | |
possible. That said, kickstarting projects alone would be enough. They | :05:03. | :05:09. | |
also need completely new plans. You need a growth rate of six or seven, | :05:10. | :05:14. | |
not even going up to nine. That was the trajectory we initially planned. | :05:15. | :05:18. | |
There are these new projects that we need to get started in the system. | :05:19. | :05:23. | |
It is important that we had to plan for the new building. Without that, | :05:24. | :05:27. | |
we will be unable to achieve the kind of growth that we are looking | :05:28. | :05:31. | |
for. For that to happen, the government has to first address the | :05:32. | :05:35. | |
concerns of villages like these. Without the support of locals, and | :05:36. | :05:42. | |
friendly policies for investors, they will find it difficult to | :05:43. | :05:46. | |
achieve their target of building new infrastructure worth $1 trillion in | :05:47. | :05:51. | |
the next three years. Infrastructure is a big issue for all levels of | :05:52. | :05:55. | |
government, with local authorities across the globe often struggling to | :05:56. | :05:59. | |
manage scarce resources in the face of rapidly growing your own urban | :06:00. | :06:06. | |
populations. `` rapidly growing urban | :06:07. | :06:11. | |
populations. We heard that the neck `` the best way to meet the | :06:12. | :06:16. | |
challenge is by creating more businesses. You have to adapt the | :06:17. | :06:20. | |
city to the consumption, you could have a city with 1 million, 2 | :06:21. | :06:24. | |
million, half a million, knowing more or less what they need in terms | :06:25. | :06:28. | |
of resources for the consumption. Then look at the business, make the | :06:29. | :06:33. | |
business plan, and so, OK, I have 5 million, half the consumption | :06:34. | :06:38. | |
needs... I would need this much water, wood, energy, this kind of | :06:39. | :06:44. | |
food. Do I have that in house? Do I have them in my business? Do I have | :06:45. | :06:50. | |
them in my ecosystem? Should they be imported? With the world 's major is | :06:51. | :06:55. | |
`` the world resources effectively run at moment? In some, yes, but | :06:56. | :07:04. | |
mostly no. They cannot do it alone. The mayor can manage the city, but | :07:05. | :07:09. | |
the city is complex. When you have the business sector and consumer | :07:10. | :07:13. | |
associations, you had to bring them together. Seared together and work. | :07:14. | :07:20. | |
And use trade`offs, but people do not like that. `` see it. How likely | :07:21. | :07:24. | |
are governments to factor in the cost of pollution and climate change | :07:25. | :07:31. | |
into their plans? If you look at negotiations, they are so sensitive | :07:32. | :07:35. | |
today, that they are unable to find a way out. At the end of the day, | :07:36. | :07:41. | |
the way out is to try to see how we can contribute to climate | :07:42. | :07:45. | |
mitigation. We have the challenge now to make sure that are changing | :07:46. | :07:50. | |
our consumption, and then we can really make things happen. But, we | :07:51. | :07:56. | |
are not asking people not to consume, but tell them to consume | :07:57. | :08:01. | |
differently. Sony has overtaken Nintendo for the first time in eight | :08:02. | :08:05. | |
years, selling close to 90 million game consoles in the last financial | :08:06. | :08:09. | |
year compared to its rivals, just over 16 million. There is another | :08:10. | :08:14. | |
technology being developed by Sony, a prototype virtual reality | :08:15. | :08:19. | |
headset. We sent our correspondent to the industry 's largest trade | :08:20. | :08:24. | |
fair in Los Angeles. We dropped him into a virtual shark tank to have a | :08:25. | :08:27. | |
look at how the technology is shaping up. It is nerve wracking. I | :08:28. | :08:31. | |
have been told to expect a shark attack. I am inside of this noise | :08:32. | :08:39. | |
robust cage. They look friendly enough! O! Please! Please! Come on! | :08:40. | :08:54. | |
The whole cage is shaking `` Oh! It really isn't safe here! You are | :08:55. | :08:58. | |
fully immersed in this experience. You are in a diving catch, not | :08:59. | :09:03. | |
looking it `` not looking at it on a string, you are experiencing it. We | :09:04. | :09:07. | |
want to get an emotional response from people, when you are in there, | :09:08. | :09:11. | |
you are face to face with the shark attacking your page. We pretty much | :09:12. | :09:16. | |
have emotional response from everyone. I can look down and see my | :09:17. | :09:20. | |
feet. My knees are bending, that is incredibly weird. `` pretty much | :09:21. | :09:28. | |
have that emotional response. I have 360 degrees vision, it is very | :09:29. | :09:32. | |
immersive. Literally underwater. I feel like I should wear a wetsuit. | :09:33. | :09:37. | |
Will this be mainstream in the gaming industry? Will it be an | :09:38. | :09:41. | |
amusing sideshow? I think first stars are aligned for virtual | :09:42. | :09:45. | |
reality now, we have the technology to make it fast enough so there is | :09:46. | :09:52. | |
no latency. `` I think the stars. Those baselevel things are achieved | :09:53. | :10:00. | |
and it is about creating experiences. I don't think he has | :10:01. | :10:05. | |
good intentions! Oh no! That is dangerous! It is exciting, to get | :10:06. | :10:14. | |
our hands dirty. It is new ground. We are all about creating compelling | :10:15. | :10:17. | |
experiences and this is a good opportunity to do that. How can I | :10:18. | :10:24. | |
get out of here? I think I may have died! You can check out all of that | :10:25. | :10:39. | |
on the website. Go to the E3 Page on the website. Let's have a look at | :10:40. | :10:52. | |
the Asian markets now. If you have a look around the region... | :10:53. | :10:58. | |
That is it for this edition of Asia Business Report. Thank you for | :10:59. | :11:08. | |
watching. You are watching BBC News. The top | :11:09. | :11:18. | |
stories: Heavily armed gunmen | :11:19. | :11:19. |