:00:00. > :00:00.tolerant and the rule of law. The council of Britain says Britain
:00:00. > :00:09.should not be regarded as conditional. Rico Hizon has the
:00:10. > :00:17.latest is this news now. `` business. Chinese Premier makes his
:00:18. > :00:24.first trip to the UK and business deals are expected to follow.
:00:25. > :00:32.Holograms. They played a big role in India's recent election but can they
:00:33. > :00:39.be used for more than politics? Hello and welcome to Asia Business
:00:40. > :00:41.Report. I am Rico Hizon. The Chinese Premier arrives in Britain today and
:00:42. > :00:48.the summit meeting with David Cameron. He is the second most
:00:49. > :00:51.senior politician and giving the economic cloud of China, trade and
:00:52. > :00:57.investment will be high on the agenda. Our correspondent report
:00:58. > :01:05.from Shanghai. Look really a? Look again. This is not written by China.
:01:06. > :01:11.Thames town is added element on the outskirts of Shanghai. Complete with
:01:12. > :01:16.clock towers, cobbles and its own Winston Churchill statue. British
:01:17. > :01:20.history and culture have had a huge impact on the world, this couple
:01:21. > :01:26.tell me. They are among the thousands who come here for their
:01:27. > :01:34.wedding photos. TRANSLATION: I like British style a lot. I am longing to
:01:35. > :01:39.visit. So is my wife. Romance is in the air but if the Chinese arcing,
:01:40. > :01:45.then Britain is positively head over heels. David Cameron's visit last it
:01:46. > :01:51.was part of an effort to woo Chinese investment and boost British export.
:01:52. > :01:54.Thames town has its own pub of course but on closer inspection,
:01:55. > :02:02.despite the familiar welcoming exterior, it is just a facade. The
:02:03. > :02:07.same has sometimes been said of the UK, China relationship. The Prime
:02:08. > :02:10.Minister's meeting in 2012 with the Dalai Lama, the spiritual leader of
:02:11. > :02:15.Tibet, the man considered by China to be a dangerous separatist lead to
:02:16. > :02:21.a chill in diplomatic relations. Today, although China's human rights
:02:22. > :02:27.record is still on the table, the focus is without doubt on its huge
:02:28. > :02:30.and still rapidly growing economy. Chinese money is being sought for UK
:02:31. > :02:40.construction projects like railways and nuclear power, 2`way trade last
:02:41. > :02:47.year was worth ?43 billion. But behind the scenes, tensions lurk. On
:02:48. > :02:50.the one hand, the rising committed power and the other, the former
:02:51. > :02:55.colonial. There is no doubt about who leads `` need who the most
:02:56. > :03:00.today. One newspaper recently described the UK as just an old
:03:01. > :03:09.European country at for travel and study. `` apt. It is not all smooth
:03:10. > :03:16.sailing for British companies in China. Especially pharmaceutical
:03:17. > :03:24.giant, Blatter declined. Chinese authorities have accused GSK of
:03:25. > :03:27.bribing officials. The crackdown on corruption in the pharmaceutical
:03:28. > :03:34.market makes expanding in the sector and even bigger challenge. Earlier I
:03:35. > :03:37.spoke to the president of emerging markets in Beijing. About the pros
:03:38. > :03:42.and cons of the business on the mainland. China is the third largest
:03:43. > :03:48.pharmaceutical market in the world and very soon it will be the second
:03:49. > :03:54.largest. With 1.3 billion people living in China, if you look at the
:03:55. > :03:59.Healthcare spend, is still than 5% of GDP compared to 8% of other
:04:00. > :04:04.companies `` countries. It remains an attractive market and a relevant
:04:05. > :04:10.one. With the focus right now on corruption and pricing, had it
:04:11. > :04:16.squeezed province and Martin Skrtel at I think if you look at the unmet
:04:17. > :04:22.patiently in China, the market is expected to grow at about 11 to 13%
:04:23. > :04:26.company are always believing that company are always believing that
:04:27. > :04:33.access to care is extremely important. We priced medicine based
:04:34. > :04:37.on what the particular market can absorb. I certainly believe that the
:04:38. > :04:46.potential in China is a very good one. I would continue to be good in
:04:47. > :04:56.the foreseeable future. And other business News, US medical device
:04:57. > :05:01.maker, Medtronic is buying an Irish `based company. It plans to move its
:05:02. > :05:07.executive based in Ireland which would allow it to pay lower rates
:05:08. > :05:13.for corporate taxes. The wind and Mitsubishi are preparing a joint bid
:05:14. > :05:17.for part of the energy business. The offer may be worth more than $12
:05:18. > :05:21.billion and would possibly see them enter a bidding war against General
:05:22. > :05:27.Electric which has a ready made a $17 billion offer for the power
:05:28. > :05:30.unit. The growing number of people take advantage of the comedians of
:05:31. > :05:38.credit card, there is more pressure on companies to defraud rates in
:05:39. > :05:50.check. These account for less than 6 cents out of every $100. Our
:05:51. > :05:53.correspondent spoke to the chief of these's fraud department. Villa the
:05:54. > :05:56.payments industry has developed an approach to fighting fraud. We are
:05:57. > :06:01.constantly adding new security layers. You can imagine the first
:06:02. > :06:06.thing to do is to protect the data. Years ago, we developed the payment
:06:07. > :06:12.card security standard. All of our dissidents follow that. That is not
:06:13. > :06:17.enough, we always assume correctly that Leah will be penetrated. If the
:06:18. > :06:32.fraudsters are able to steal, what are we able to do to prevent that?
:06:33. > :06:36.We assume that we will be breached so we have technologies to identify
:06:37. > :06:43.those regions fast and shut them down quickly. Would you employ
:06:44. > :06:51.ethical in`house hackers to try and reach these security layers?
:06:52. > :06:54.Absolutely. Yes. Ethical hacker is, internal training is where you try
:06:55. > :06:58.to catch your own people responding to suspicious e`mails. All those
:06:59. > :07:02.sort of things are very important. Asia`Pacific is doing better than
:07:03. > :07:09.the rest of the world in keeping fraud low, what are companies or
:07:10. > :07:14.banks or governments doing right that is helping them achieve that?
:07:15. > :07:19.Criminals go where the opportunities. So, they will be
:07:20. > :07:24.naturally attracted to the largest market in the world. Where others?
:07:25. > :07:32.Those are in the United States and Europe. That is the first factor.
:07:33. > :07:35.The portly, here in Asia we see the adoption of technology is at a
:07:36. > :07:38.higher rate than in some of those other markets. Newly elected Prime
:07:39. > :07:42.Minister, Narendra Modi and his Minister, Narendra Modi and his
:07:43. > :07:47.colleagues are focused on getting on with the business of converting the
:07:48. > :07:53.country. The Vyntra was not always easy. The big is due was where to
:07:54. > :07:58.campaign in a vast land of 800 million voters and only six weeks to
:07:59. > :08:00.reach them. Our correspondent went to Bangalore to visit a company that
:08:01. > :08:08.helped a politician in hundreds of places at once.
:08:09. > :08:15.A rapturous reception for Narendra Modi. Look closely and you will see
:08:16. > :08:18.it is not really him. This is a hologram of Narendra Modi. A bit of
:08:19. > :08:25.technology be used extensively in his campaign. With mobile units like
:08:26. > :08:27.this one, the pre`recorded speeches were played out at hundreds of
:08:28. > :08:34.locations, getting his message out across India. This is a business
:08:35. > :08:47.that helped it happen. They have not been in business long. Villa we knew
:08:48. > :08:52.this would be massive in India for campaigning. We got really lucky
:08:53. > :08:56.potential in this business. The potential in this business. The
:08:57. > :08:59.biggest difference I see now, it will no bit more about what can be
:09:00. > :09:04.done with the technology and what can't be done. And how he used the
:09:05. > :09:07.technology for his advantage. Elections do not come around that
:09:08. > :09:13.often so now this firm needs new customers. This man runs a jewellery
:09:14. > :09:18.business and he is looking at using technology to improve customer
:09:19. > :09:23.service in his shop. Villa here is a way that I can actually show a real
:09:24. > :09:28.person and I can show my emotion and my connect and my passion for the
:09:29. > :09:32.diamonds or the jewellery, the ruled, the rubies or what ever and I
:09:33. > :09:39.can make them want the kind of conduct that we make. It is so
:09:40. > :09:43.personal, it is so close to reality, it is like me being there.
:09:44. > :09:47.As the technology is a fairly new, they are experimenting with weights
:09:48. > :09:56.to the user. His editor is working on making a hologram of yoga
:09:57. > :09:59.instructor. They have ideas of holograms of university lecturers to
:10:00. > :10:05.teach students at and project images of Bollywood stars into cinemas,
:10:06. > :10:08.promoting their films. It seems the election has shown people and
:10:09. > :10:13.businesses the potential of the hologram but of course, it all
:10:14. > :10:17.depends on whatever or whoever is the rejected doing or saying some
:10:18. > :10:24.interesting to make sure that the audience doesn't see through the
:10:25. > :10:28.gimmick. Thank you for investing your time
:10:29. > :10:36.with us on Asia Business Report. I am Rico Hizon. Sport Today is up
:10:37. > :10:41.next. You are watching BBC News. The top
:10:42. > :10:44.stories: pictures have emerged from Iraq which appear to show that
:10:45. > :10:51.extremist capturing and executing extremist capturing and executing
:10:52. > :10:52.hundreds of Iraqi troops. Families are fleeing the north of