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children, aged from five to 75. Now on BBC News, all the latest | :00:00. | :00:07. | |
business news live from Singapore. UK discount retailer Primark is | :00:08. | :00:19. | |
investigating allegations that its clothes were using Chinese slave | :00:20. | :00:25. | |
labour. And, defeating the deflation, Japan's interest rates | :00:26. | :00:29. | |
rise at their fastest pace for more than 30 years. Welcome to Asia | :00:30. | :00:37. | |
Business Report. Shoppers are rarely forced to think too hard about | :00:38. | :00:40. | |
whether clothes are coming from, but that is not the case for one shopper | :00:41. | :00:44. | |
in Northern Ireland who discovered what she described as "a cry for | :00:45. | :00:50. | |
help" from a Chinese prison worker in a pair of pants that she bought. | :00:51. | :00:57. | |
Karen bought these shorts from prime mark several years ago, but had | :00:58. | :01:01. | |
never worn them. It was only last week when she discovered the note | :01:02. | :01:05. | |
inside a pocket `` Primark. I didn't know what thing, it was a sign to | :01:06. | :01:10. | |
help, it said SOS at the top, I called my partner and showed him. I | :01:11. | :01:15. | |
was shocked. It was attached to a prison ID card. The note says that | :01:16. | :01:22. | |
his job is to produce fashion clothes for export. They work 15 | :01:23. | :01:26. | |
hours a day and the food they get wouldn't be fit for dogs or pigs. A | :01:27. | :01:30. | |
spokesperson for Primark said that since 2009, when the trousers were | :01:31. | :01:35. | |
last sold, nine inspections of the supplier... | :01:36. | :01:42. | |
The trousers cost no more than ?10, but it has made Karen think about | :01:43. | :01:48. | |
who could have made them. I have never heard, or even thought of | :01:49. | :01:52. | |
where my clothes would have come from, or anything like that. That | :01:53. | :01:58. | |
they could have been made that way, from people treated like dogs, that | :01:59. | :02:03. | |
is not nice. Primark says they have a code of conduct to ensure the | :02:04. | :02:06. | |
well`being of all workers in its supply chain, and has begun an | :02:07. | :02:12. | |
investigation. I spoke to our Shanghai correspondent earlier, and | :02:13. | :02:16. | |
asked if such case was `` such cases were common in China. China has | :02:17. | :02:21. | |
abolished re`education through labour camps, they closed at the end | :02:22. | :02:25. | |
of last year. They were the camps where people were held, often for up | :02:26. | :02:33. | |
to four years without any proper legal trial. You can be sent there | :02:34. | :02:38. | |
on the decision of a local police bureau, and they have closed. And, | :02:39. | :02:44. | |
there have been scandals in the past about products from those types of | :02:45. | :02:51. | |
detention camps, making it into the international supply chain. What it | :02:52. | :02:56. | |
looks like we are talking about here is a proper prison, if you like, and | :02:57. | :03:00. | |
in China it isn't uncommon for these prisons to be producing goods to put | :03:01. | :03:06. | |
the inmates to work. To be earning money for the prison and for | :03:07. | :03:13. | |
themselves. International companies will be working hard, Primark says | :03:14. | :03:17. | |
it does but, to make sure the goods from these kinds of places doesn't | :03:18. | :03:22. | |
enter its stores. The difficulty is often third`party suppliers, and | :03:23. | :03:26. | |
those contractors that send a workout elsewhere. That may be what | :03:27. | :03:33. | |
has happened here `` send the work out. If it turns out that this note | :03:34. | :03:38. | |
is genuine, that is deeply concerning. Japan's consumer prices | :03:39. | :03:43. | |
rose at their fastest pace in over three decades last month, a sign | :03:44. | :03:47. | |
that the Japanese prime minister is making headway is in his fight | :03:48. | :03:51. | |
against inflation. Inflation was 3.4% in May, following an increase | :03:52. | :03:55. | |
in nationwide sales taxes, but household spending fell by 8%, more | :03:56. | :04:01. | |
than expected. Earlier, I asked a market strategist for his take on | :04:02. | :04:05. | |
the figures. They were in line with estimates, and what you can draw out | :04:06. | :04:09. | |
of them is that if you take with a consumption tax, if it wasn't | :04:10. | :04:13. | |
happening, then you can be of the conclusion that it is slowing down | :04:14. | :04:17. | |
inflation at 1.4%, for the last month, it was 1.5%. The other bit of | :04:18. | :04:22. | |
that data that you haven't seen yet, household spending has been | :04:23. | :04:27. | |
impacted severely by the tax. It dropped 8% year`on`year. That is | :04:28. | :04:35. | |
another part. That is in the data we were looking for this month, maybe | :04:36. | :04:39. | |
they need to slow it down. It is a good thing to see they are moving | :04:40. | :04:43. | |
forward, but a lot of people will question, in the market side, | :04:44. | :04:49. | |
whether they are doing enough. And, the Prime Minister is trying his | :04:50. | :04:51. | |
hardest to do that, the results we saw from the date on Wednesday was a | :04:52. | :04:56. | |
good step in the right direction. The issue is whether the market will | :04:57. | :04:59. | |
let them, over the two years, whether it will take 3`4 years. What | :05:00. | :05:07. | |
you are saying is that the sales tax is artificially boosting, but it is | :05:08. | :05:15. | |
an aberration really. Yes. In terms of what the Japanese prime ministers | :05:16. | :05:19. | |
doing, you said with those reforms that he announced this week, has | :05:20. | :05:24. | |
there been evidence that what he has been doing has worked? It comes | :05:25. | :05:28. | |
after his first and second arrows, as well, the stimulus, the monetary | :05:29. | :05:34. | |
policy, et cetera. Will this work in the long`term? Policy reforms, no | :05:35. | :05:37. | |
matter what country you look at, take a long time to filter through. | :05:38. | :05:41. | |
In Japan, it takes even longer again. The jury is still out on that | :05:42. | :05:47. | |
effect. There is no doubt that there has been bottom`up swelling of | :05:48. | :05:51. | |
euphoria feelings, that things are getting better in Japan, you can see | :05:52. | :05:55. | |
that in the market, reflected by the fact the currency had a 52% | :05:56. | :05:59. | |
appreciation last year. There are suggestions he is doing the right | :06:00. | :06:03. | |
thing, you have the Bank of Japan stimulating the economy. The core | :06:04. | :06:06. | |
part of your question is whether regenerates inflation, the jury is | :06:07. | :06:11. | |
out. If you look at what has gone on in the third in the US, they are | :06:12. | :06:19. | |
struggling to make inflation. In other business news, shares of Nike | :06:20. | :06:25. | |
jumped 3% in the US trade, after it reported better`than`expected | :06:26. | :06:27. | |
profits. The world 's largest sportswear maker saw the net income | :06:28. | :06:30. | |
rise to several hundred million dollars in the three months to raise | :06:31. | :06:36. | |
`` three months to May. That beat estimates. It follows strong sales | :06:37. | :06:39. | |
in America and Europe ahead of the World Cup. Sales of go pro cameras | :06:40. | :06:44. | |
surged by more than 30% on the first day of the trade in the US. Sports | :06:45. | :06:53. | |
enthusiasm `` sports enthusiasts use them to do their sporting | :06:54. | :06:58. | |
activities. They managed to raise more than $400 million from the | :06:59. | :07:01. | |
oversubscribed share sales. After months of speculation, Chinese | :07:02. | :07:06. | |
commerce giant Ali Baba says it will list on the US stock exchange, the | :07:07. | :07:16. | |
move rivals NASDAQ. It is expected to be the largest public offering | :07:17. | :07:22. | |
for a tech company. A Chinese National audit has recovered more | :07:23. | :07:26. | |
than $15 billion of loans, tied to illegal gold transactions. They | :07:27. | :07:33. | |
stretch back to 2012 and involves 25 billion processing companies, that | :07:34. | :07:41. | |
looks at changes in foreign exchange fluctuations. `` 25 bullion. In the | :07:42. | :07:49. | |
next decade, India's billionaire count is expected to double, and | :07:50. | :07:53. | |
many of the country 's superrich are expected to be from the financial | :07:54. | :07:55. | |
capital mum by. `` our correspondent met some of the | :07:56. | :08:06. | |
country 's entrepreneurs to find out about their ambitions `` Mumbai. | :08:07. | :08:12. | |
Young India is in the fast lane. This man is 27, and ever since he | :08:13. | :08:18. | |
graduated five years ago, he started one company per year. Among his | :08:19. | :08:26. | |
ventures is this Harley`Davidson franchise. The only one in the city. | :08:27. | :08:31. | |
He has had the financial support of his family. But, he is aiming to | :08:32. | :08:38. | |
make his own mark. He is trying to achieve his own goals, but is | :08:39. | :08:43. | |
realistic that not all goes to plan. I want to be the youngest | :08:44. | :08:47. | |
billionaire in India, the oldest one was 31. I am aiming for 30. I think | :08:48. | :08:52. | |
that will be possible. You never know, there are four years left, | :08:53. | :08:57. | |
right? India has a larger population, more than any part of | :08:58. | :09:00. | |
the country, the youngsters here in this city, they are the first | :09:01. | :09:05. | |
exposed to this technology `` new technology and new ideas. It is | :09:06. | :09:09. | |
known for entrepreneurial spirit and it is a culture that buys early on. | :09:10. | :09:16. | |
This man started up his first company when he was 16. `` bites. At | :09:17. | :09:25. | |
19, he is still yet to graduated, he has started six ventures already. | :09:26. | :09:30. | |
Right now in India, there is amazing potential. It has grown faster than | :09:31. | :09:39. | |
anyone has ever seen, anywhere. This confidence to take on the world has | :09:40. | :09:43. | |
come with India's rapid rise over the past decade. Even though growth | :09:44. | :09:48. | |
has slowed over the past couple of years, people like them believe that | :09:49. | :09:55. | |
India still has miles to go and they want to make sure that they are | :09:56. | :09:59. | |
riding along as it tries to make its way towards economic success. | :10:00. | :10:07. | |
Of course, you can find out more about the rise of the super rich on | :10:08. | :10:11. | |
our online special report. Go to the website. | :10:12. | :10:17. | |
A quick look at the Asian markets now, they are mostly all over here | :10:18. | :10:28. | |
at the moment, `` all lower. That is it for this edition, thank you for | :10:29. | :10:30. | |
watching. Hello again, this is BBC News. The | :10:31. | :10:42. | |
top stories this hour. A Sudanese woman ` sentenced to death for | :10:43. | :10:45. | |
renouncing Islam ` has been freed for the second time. Speaking to the | :10:46. | :10:51. | |
BBC, she said she remains a Christian. The White House says | :10:52. | :10:54. | |
President Obama is asking the US Congress for 500 million dollars to | :10:55. | :10:55. | |
train | :10:56. | :10:57. |