16/06/2014 Asia Business Report

tolerant and the rule of law. The council of Britain says Britain

should not be regarded as conditional. Rico Hizon has the

latest is this news now. `` business. Chinese Premier makes his

first trip to the UK and business deals are expected to follow.

Holograms. They played a big role in India's recent election but can they

be used for more than politics? Hello and welcome to Asia Business

Report. I am Rico Hizon. The Chinese Premier arrives in Britain today and

the summit meeting with David Cameron. He is the second most

senior politician and giving the economic cloud of China, trade and

investment will be high on the agenda. Our correspondent report

from Shanghai. Look really a? Look again. This is not written by China.

Thames town is added element on the outskirts of Shanghai. Complete with

clock towers, cobbles and its own Winston Churchill statue. British

history and culture have had a huge impact on the world, this couple

tell me. They are among the thousands who come here for their

wedding photos. TRANSLATION: I like British style a lot. I am longing to

visit. So is my wife. Romance is in the air but if the Chinese arcing,

then Britain is positively head over heels. David Cameron's visit last it

was part of an effort to woo Chinese investment and boost British export.

Thames town has its own pub of course but on closer inspection,

despite the familiar welcoming exterior, it is just a facade. The

same has sometimes been said of the UK, China relationship. The Prime

Minister's meeting in 2012 with the Dalai Lama, the spiritual leader of

Tibet, the man considered by China to be a dangerous separatist lead to

a chill in diplomatic relations. Today, although China's human rights

record is still on the table, the focus is without doubt on its huge

and still rapidly growing economy. Chinese money is being sought for UK

construction projects like railways and nuclear power, 2`way trade last

year was worth ?43 billion. But behind the scenes, tensions lurk. On

the one hand, the rising committed power and the other, the former

colonial. There is no doubt about who leads `` need who the most

today. One newspaper recently described the UK as just an old

European country at for travel and study. `` apt. It is not all smooth

sailing for British companies in China. Especially pharmaceutical

giant, Blatter declined. Chinese authorities have accused GSK of

bribing officials. The crackdown on corruption in the pharmaceutical

market makes expanding in the sector and even bigger challenge. Earlier I

spoke to the president of emerging markets in Beijing. About the pros

and cons of the business on the mainland. China is the third largest

pharmaceutical market in the world and very soon it will be the second

largest. With 1.3 billion people living in China, if you look at the

Healthcare spend, is still than 5% of GDP compared to 8% of other

companies `` countries. It remains an attractive market and a relevant

one. With the focus right now on corruption and pricing, had it

squeezed province and Martin Skrtel at I think if you look at the unmet

patiently in China, the market is expected to grow at about 11 to 13%

company are always believing that company are always believing that

access to care is extremely important. We priced medicine based

on what the particular market can absorb. I certainly believe that the

potential in China is a very good one. I would continue to be good in

the foreseeable future. And other business News, US medical device

maker, Medtronic is buying an Irish `based company. It plans to move its

executive based in Ireland which would allow it to pay lower rates

for corporate taxes. The wind and Mitsubishi are preparing a joint bid

for part of the energy business. The offer may be worth more than $12

billion and would possibly see them enter a bidding war against General

Electric which has a ready made a $17 billion offer for the power

unit. The growing number of people take advantage of the comedians of

credit card, there is more pressure on companies to defraud rates in

check. These account for less than 6 cents out of every $100. Our

correspondent spoke to the chief of these's fraud department. Villa the

payments industry has developed an approach to fighting fraud. We are

constantly adding new security layers. You can imagine the first

thing to do is to protect the data. Years ago, we developed the payment

card security standard. All of our dissidents follow that. That is not

enough, we always assume correctly that Leah will be penetrated. If the

fraudsters are able to steal, what are we able to do to prevent that?

We assume that we will be breached so we have technologies to identify

those regions fast and shut them down quickly. Would you employ

ethical in`house hackers to try and reach these security layers?

Absolutely. Yes. Ethical hacker is, internal training is where you try

to catch your own people responding to suspicious e`mails. All those

sort of things are very important. Asia`Pacific is doing better than

the rest of the world in keeping fraud low, what are companies or

banks or governments doing right that is helping them achieve that?

Criminals go where the opportunities. So, they will be

naturally attracted to the largest market in the world. Where others?

Those are in the United States and Europe. That is the first factor.

The portly, here in Asia we see the adoption of technology is at a

higher rate than in some of those other markets. Newly elected Prime

Minister, Narendra Modi and his Minister, Narendra Modi and his

colleagues are focused on getting on with the business of converting the

country. The Vyntra was not always easy. The big is due was where to

campaign in a vast land of 800 million voters and only six weeks to

reach them. Our correspondent went to Bangalore to visit a company that

helped a politician in hundreds of places at once.

A rapturous reception for Narendra Modi. Look closely and you will see

it is not really him. This is a hologram of Narendra Modi. A bit of

technology be used extensively in his campaign. With mobile units like

this one, the pre`recorded speeches were played out at hundreds of

locations, getting his message out across India. This is a business

that helped it happen. They have not been in business long. Villa we knew

this would be massive in India for campaigning. We got really lucky

potential in this business. The potential in this business. The

biggest difference I see now, it will no bit more about what can be

done with the technology and what can't be done. And how he used the

technology for his advantage. Elections do not come around that

often so now this firm needs new customers. This man runs a jewellery

business and he is looking at using technology to improve customer

service in his shop. Villa here is a way that I can actually show a real

person and I can show my emotion and my connect and my passion for the

diamonds or the jewellery, the ruled, the rubies or what ever and I

can make them want the kind of conduct that we make. It is so

personal, it is so close to reality, it is like me being there.

As the technology is a fairly new, they are experimenting with weights

to the user. His editor is working on making a hologram of yoga

instructor. They have ideas of holograms of university lecturers to

teach students at and project images of Bollywood stars into cinemas,

promoting their films. It seems the election has shown people and

businesses the potential of the hologram but of course, it all

depends on whatever or whoever is the rejected doing or saying some

interesting to make sure that the audience doesn't see through the

gimmick. Thank you for investing your time

with us on Asia Business Report. I am Rico Hizon. Sport Today is up

next. You are watching BBC News. The top

stories: pictures have emerged from Iraq which appear to show that

extremist capturing and executing extremist capturing and executing

hundreds of Iraqi troops. Families are fleeing the north of