Browse content similar to 31/08/2016. Check below for episodes and series from the same categories and more!
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criticised over the way it investigated patients deaths. She | :00:00. | :00:00. | |
will take on a similar role for the same salary. Now it is Asia Business | :00:00. | :00:00. | |
Report. Riding the rain. Farmers in India | :00:07. | :00:18. | |
are helping the economy, but is it enough to remain the world's fastest | :00:19. | :00:23. | |
growing economy? And a new field of play. It is not Europe, but Asia. We | :00:24. | :00:29. | |
speak to Manchester United about its strategy for China. Good morning, | :00:30. | :00:45. | |
Asia. Hello, world. I'm Rico Hizon. Thank you for joining us on Asia | :00:46. | :00:47. | |
Business Report. Later today we will find out if India is still the | :00:48. | :00:51. | |
fastest growing economy when the latest GDP figures are released. | :00:52. | :00:55. | |
India has already edged past China with annual growth rate of more than | :00:56. | :01:01. | |
7.5%. But maintaining such strong numbers will largely depend on the | :01:02. | :01:04. | |
weather. We travelled to a rural village to find out why. Each drop | :01:05. | :01:11. | |
of rain rings a certain amount of relief for the people living in | :01:12. | :01:17. | |
India's countryside. Three severe droughts had devastated many places | :01:18. | :01:22. | |
like this across India. There was no water for farmers to drink, let | :01:23. | :01:25. | |
alone growing crops with. This man has been growing corn for a long | :01:26. | :01:35. | |
time, but he has found it difficult to feed his children for many years. | :01:36. | :01:38. | |
With no force of income, he has been forced to live outside his means. | :01:39. | :01:43. | |
TRANSLATION: I want life to get better now. Hopefully I will earn | :01:44. | :01:48. | |
enough this harvest season to pay for my children's education and feed | :01:49. | :01:56. | |
them properly. I also have a debt of $4000 which will take a few years to | :01:57. | :02:00. | |
pay off. But things could get better for millions of farmers across India | :02:01. | :02:04. | |
soon because of the good monsoon this year. Nearly two thirds of | :02:05. | :02:08. | |
India's population lives in rural areas like this. So while we hear a | :02:09. | :02:15. | |
lot about booming cities in India, it is still the countryside which | :02:16. | :02:18. | |
plays a crucial role in driving the economy. Because most able here are | :02:19. | :02:22. | |
farming, at the height of that is the monsoon. If it doesn't rain, the | :02:23. | :02:28. | |
crops don't grow it, and if it is too much, they get real. So it puts | :02:29. | :02:34. | |
more money into their pockets to spend. That is good news for Indian | :02:35. | :02:42. | |
firms which make products like toothpaste and soap. Demand from | :02:43. | :02:46. | |
small towns and villages make up almost half of sales. And companies | :02:47. | :02:50. | |
like these are expecting rural demand to boost profits this year. | :02:51. | :02:57. | |
Rural always grow faster than urban India last ten years. That is | :02:58. | :03:07. | |
expected to be doubled. It is a good start. But growth investment will be | :03:08. | :03:13. | |
crucial to lifting these farmers out of poverty and making them less | :03:14. | :03:18. | |
dependent on the weather. This year, the farmers are seeing the monsoon | :03:19. | :03:24. | |
is a blessing. And with the harvest over a month away, they are looking | :03:25. | :03:27. | |
forward to see the rewards of their hard work. BBC News, India. Staying | :03:28. | :03:36. | |
with India, thousands of rickshaw drivers have gone on strike in | :03:37. | :03:40. | |
Mumbai after the lack of regulations. And other union | :03:41. | :03:44. | |
covering taxi and rickshaw drivers is due to meet the government to | :03:45. | :03:55. | |
address concerns. Rickshaws are the main mode of transport in India. We | :03:56. | :04:00. | |
will go live to Mumbai for the latest in the next hour. Shares in | :04:01. | :04:07. | |
the largest shipping company in China fell. The decision could push | :04:08. | :04:17. | |
it closer with its debts piling up over the last five years. Like many | :04:18. | :04:20. | |
in the industry, it has been hit hard by the slowing global economy | :04:21. | :04:24. | |
and lower freight rates. Justin Trudeau has arrived in Beijing on a | :04:25. | :04:29. | |
trip which was supposed to be about deepening Canada's relationship with | :04:30. | :04:34. | |
China. Despite the fanfare, a spat over canola exports in China is | :04:35. | :04:40. | |
overshadowing this visit. While China is pushing for a free trade | :04:41. | :04:43. | |
deal with Canada, recent polls suggest Canadians are hesitant about | :04:44. | :04:48. | |
closer ties. Nearly half of them support free trade with China, but | :04:49. | :04:57. | |
only 11% back investments by Chinese state-owned companies in the | :04:58. | :05:03. | |
country. I asked how Justin Trudeau's welcome compares to that | :05:04. | :05:09. | |
of his predecessor, Stephen Harper. The Justin Trudeau family has a | :05:10. | :05:12. | |
long-standing relationship with China. His father, Prime Minister | :05:13. | :05:17. | |
during the 70s, originally opened up relationships with China. So, given | :05:18. | :05:26. | |
how generational the relationship is, there will be a lot of focus on | :05:27. | :05:31. | |
this. Relations between Ottawa and Beijing goes all the way back to the | :05:32. | :05:39. | |
1970s. But in this meeting, there are contentious issues, especially | :05:40. | :05:43. | |
tougher restrictions on canola trade which kicks in tomorrow! It is not a | :05:44. | :05:49. | |
great situation. China is very eager to sign a Free Trade Agreement with | :05:50. | :05:53. | |
Canada. China feels a little left out because of the TPP agreement | :05:54. | :05:58. | |
which they were not a part of. And I think they are trying to make some | :05:59. | :06:02. | |
incentives for Canada to sign an agreement with them. All right. Free | :06:03. | :06:10. | |
Trade Agreement is also in the works between Canada and China, but, umm, | :06:11. | :06:14. | |
will Canada really benefit from it? If we indeed get into an FTA with | :06:15. | :06:21. | |
the Chinese we will see a larger trade deficit between the two | :06:22. | :06:24. | |
countries which favoured the mainland. That is my point on the | :06:25. | :06:31. | |
issue. Unless there was real movement with the financial services | :06:32. | :06:36. | |
sector in China, the opening up of beef imports into China, which are | :06:37. | :06:39. | |
things the Chinese government are unlikely to give, I am not sure how | :06:40. | :06:43. | |
Canada is going to expand trade from any expanded Free Trade Agreement. | :06:44. | :06:49. | |
Will there be any benefit for the Canadians if they join China's | :06:50. | :07:01. | |
initiative of the Asian Investment and Infrastructure Bank? A | :07:02. | :07:06. | |
unilateral world dominated by the US for a long time is another issue. | :07:07. | :07:10. | |
The idea of multiple large nations having a say is something Justin | :07:11. | :07:14. | |
Trudeau favours. I expect Canada to move quicker on that then free trade | :07:15. | :07:22. | |
between the two countries. Joining us live Shanghai. Now to the | :07:23. | :07:27. | |
business of sport. Today marks the transfer deadline of football where | :07:28. | :07:33. | |
we will get the full picture of the multi million-dollar deals. | :07:34. | :07:36. | |
Manchester United have ready signed this man with great dance moves, | :07:37. | :07:43. | |
Paul Pogba 48 ?9 million from Juventus. That is 117 million | :07:44. | :07:50. | |
dollars. Football has a huge fan base in Asia. | :07:51. | :07:57. | |
The first aim is to connect meaningfully with the fans. So, in | :07:58. | :08:08. | |
years gone by, I was told how amazed they were. We scored, and people | :08:09. | :08:16. | |
come out on the balcony on the block of flats opposite cheering. In the | :08:17. | :08:25. | |
past, TV audiences reached fans, and they continue to be the most watched | :08:26. | :08:29. | |
thing in modern culture on TV. For the club, you know, the job is for | :08:30. | :08:35. | |
them to use the benefits of social media to correct directly with fans. | :08:36. | :08:44. | |
APPLAUSE. In terms of the commercial strategy that goes with that, that | :08:45. | :08:49. | |
follows, you know, commercial success follows connection with the | :08:50. | :08:54. | |
fans. That is the benefit of doing things the right way rather than | :08:55. | :08:57. | |
just setting out to make money without doing the hard yards first. | :08:58. | :09:02. | |
The strategy in China has been successful over the years, with a | :09:03. | :09:07. | |
long-term strategy with multi- year partners. We have seen great results | :09:08. | :09:16. | |
from connecting greatly with fans. It is going very well. We are very | :09:17. | :09:21. | |
fortunate. It is one of the things that you are taught when you join | :09:22. | :09:27. | |
the club. We stand on the shoulders of giants. People have been at this | :09:28. | :09:31. | |
club for more than 40 years. The reputation the club has four the | :09:32. | :09:36. | |
partnerships and the friendships it is built over that period is second | :09:37. | :09:44. | |
to none. So, the fortunate thing for someone in my position is when we | :09:45. | :09:47. | |
get in touch with someone we want to speak to their is a natural interest | :09:48. | :09:54. | |
on their part. They already understand in a large part what | :09:55. | :09:57. | |
Manchester United represents and what it stands for. Then it is only | :09:58. | :10:01. | |
a short conversation to explain what it is capable for them as a | :10:02. | :10:06. | |
business. From Manchester United. Before we go, a quick look at the | :10:07. | :10:11. | |
markets. Currently mixed as you can see. The Nikkei is up 44 points to | :10:12. | :10:15. | |
two the weakness of the Japanese yen against the US dollar. The All Ords | :10:16. | :10:23. | |
Index is down 18 points, a third of a percent. Thank you for joining us. | :10:24. | :10:28. | |
I am Rico Hizon. Sport is up next. Have a great Wednesday. | :10:29. | :10:34. | |
I am Ben Bland. The top stories. Singapore's Ministry of Health | :10:35. | :10:41. | |
advisers all women with | :10:42. | :10:42. |