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