:00:00. > :00:00.Brett and Naghemeh King took him from a Southampton hospital on
:00:00. > :00:00.Thursday, against the advice of doctors.
:00:00. > :00:19.Now on BBC News all the latest business news live from Singapore.
:00:20. > :00:28.Boosting relations, India's prime minister is in Japan to improve
:00:29. > :00:31.economic and defence ties. And, getting hitched in China. Couples
:00:32. > :00:41.turning to novelty wedding photos have been roused `` giving rise to a
:00:42. > :00:49.new multi`million dollar industry. Welcome to Asia Business Report.
:00:50. > :00:53.India's prime minister is in Japan on his first big bilateral trip,
:00:54. > :00:57.since taking office in May. Trade between the two countries was $15
:00:58. > :01:03.billion last year, which pales compares to India's trade with
:01:04. > :01:08.China, coming in at $65 billion. Over the weekend, the Indian prime
:01:09. > :01:12.minister and the Japanese Prime Minister visited a temple ahead of a
:01:13. > :01:15.summit to discuss ways to expand bilateral cooperation
:01:16. > :01:21.relationships, during the five`day visit, they are expected to sign a
:01:22. > :01:28.deal allowing for the joint production of rare earth minerals
:01:29. > :01:32.and metals. And key elements in the defence technology sector. They will
:01:33. > :01:37.import materials from China. I spoke to the chief economist for
:01:38. > :01:43.Asia`Pacific. I asked how significant it was that the Indian
:01:44. > :01:48.Prime Minister was seeking to boost ties with Japan. I see Japan as a
:01:49. > :01:51.great opportunity to expand the relationship which has been
:01:52. > :01:56.relatively underplayed, particularly, because costs of our
:01:57. > :02:02.manufacturing is rising in China. It is a good opportunity now to attract
:02:03. > :02:06.Japanese investors into the Indian manufacturing sector. And establish
:02:07. > :02:13.cooperation in other areas, including defence and energy, where
:02:14. > :02:17.India will look to Japan, in order to provide advanced technology. You
:02:18. > :02:23.talk about defence and energy, rare earth is on the agenda, nuclear
:02:24. > :02:26.energy is expected to be on the agenda as well, how crucial are
:02:27. > :02:30.these agendas for India and Japan? For India, in particular, they are
:02:31. > :02:36.nuclear energy is on the agenda for nuclear energy is on the agenda for
:02:37. > :02:41.India. We will be looking for nuclear technology from Japan, as
:02:42. > :02:45.well as other sorts of conventional energy technology as well. In terms
:02:46. > :02:54.of rare earths, Japan is very dependent on China for a rare as
:02:55. > :02:58.import. The opportunity has come for India to supply rare earths to
:02:59. > :03:02.Japan. That will help to diversify Japanese dependency away from China
:03:03. > :03:07.`` rare earths. It will be used in the auto industry in Japan. You say
:03:08. > :03:13.this is about diversifying away from China, how much is this meeting and
:03:14. > :03:18.trip about deflecting the challenge brought about by an increasingly
:03:19. > :03:22.militarised China? From the Japanese point of view, they are trying to
:03:23. > :03:26.build alliances around Asian Pacific regions. Of course, though
:03:27. > :03:31.traditionally `` traditional allies were the US. From the Indian
:03:32. > :03:35.perspective, they will want to play a balanced relationship between
:03:36. > :03:38.Japan and China, because China is a very important economic
:03:39. > :03:45.relationships India. They do not want to get into an arms race with
:03:46. > :03:49.China either. In other news comes a later gauge of manufacturing
:03:50. > :03:56.activity in China, purchasing managers index, has slowed to 51.1
:03:57. > :04:00.in August, compared to a reading of 51.7 in July. Any reading above 50
:04:01. > :04:06.indicates expansion. Before this morning 's figures, the PMI had
:04:07. > :04:13.risen for seven straight months. A Japanese company has increased
:04:14. > :04:19.spending by 3% compared to the same period last year. That is due to
:04:20. > :04:22.underlying `` underlying business investment. They were set to
:04:23. > :04:27.increase in the first quarter of the year. The Indian economy has chalked
:04:28. > :04:32.up a faster pace of growth in 2.5 years, the second`quarter GDP
:04:33. > :04:35.expanded by 5.7%. It was helped by strong growth in financial
:04:36. > :04:38.services. The expansion follows fresh policies launched by India's
:04:39. > :04:44.new government, designed to encourage business investment. Deep
:04:45. > :04:51.cuts are under way in an attempt to revive the beleaguered flagcarrier
:04:52. > :04:56.Malaysia Airlines, the state investor owns 65% of the airline and
:04:57. > :05:01.has announced a $2.5 billion restructure. 6000 jobs, one third of
:05:02. > :05:05.the airline 's workforce, will go. There will be a new boss for the
:05:06. > :05:10.airline. The aim is to be back to profitability by the end of 2017.
:05:11. > :05:19.The airline 's financial troubles ballooned after the twin disasters
:05:20. > :05:23.of MH370 and MH17. Earlier, I spoke to our guest, asking for his
:05:24. > :05:29.reaction to the restructuring plans. It is a bold move, a good move. I
:05:30. > :05:34.believe they had no choice in doing so. The 12 point plan is a good one.
:05:35. > :05:39.Looking at it from this perspective, it makes sense. It will
:05:40. > :05:44.come down to the implementation of that plan. Can they do it on the
:05:45. > :05:52.ground? Ayew white you say it is good, `` you say it is a good
:05:53. > :05:57.implementation. They have got rid of 6000 jobs, is it a sign they are
:05:58. > :06:03.willing to implement? For sure, they have no choice whatsoever to do so.
:06:04. > :06:07.They are making the right moves, they are very bold. They have got
:06:08. > :06:13.off to a good starting point. This huge loss in the number of jobs, how
:06:14. > :06:19.are they going to keep on running? Will they have to cut routes? They
:06:20. > :06:24.will, they will have to get rid of aircraft, and refocus where they fly
:06:25. > :06:28.to. They will get more regional flights. This will be a tremendous
:06:29. > :06:33.reshuffling and reorganisation that will have to be done. If the airline
:06:34. > :06:37.were to recover, the aim is by 2017, they want to be back in profit. They
:06:38. > :06:46.have to contend with competition from low`cost carriers, gulf
:06:47. > :06:50.carriers and long haul routes. How do you envision Malaysia Airlines in
:06:51. > :06:55.2017? There is a lot of competition in these markets, many other
:06:56. > :06:59.companies faced by the same thing. You have the same competition in the
:07:00. > :07:09.markets. `` many other companies are faced with the same thing. You have
:07:10. > :07:12.to manage costs and be focused. Malaysia Airlines showing a more
:07:13. > :07:15.lean, more mean organisation, they have a better chance of survival
:07:16. > :07:21.than they have had in the past I think. Pro`democracy groups took to
:07:22. > :07:24.the streets in Hong Kong last night after a ruling from Beijing that
:07:25. > :07:29.effectively gives China control over the choice of candidates in the
:07:30. > :07:34.territories next leadership election due in 2017. It will be the first
:07:35. > :07:39.time the Hong Kong chief executive is directly chosen by voters.
:07:40. > :07:43.China's legislator has ruled that all candidates must be approved by
:07:44. > :07:49.more than half of a special nominating body. Hong Kong has a
:07:50. > :07:54.population of 7.2 million people. It was returned to Chinese Communist
:07:55. > :07:56.rule in 1997 as a special administrative region of China. If
:07:57. > :08:02.you are planning on walking down the aisle in the near future, how far
:08:03. > :08:07.would you go for your wedding? `` for your wedding photos? In China,
:08:08. > :08:11.couples are no longer after that traditional short of their kiss at
:08:12. > :08:26.the altar, the new demands have created big opportunities for
:08:27. > :08:33.China's entrepreneurs . It is a photo shoot guaranteed to
:08:34. > :08:37.take the breath away. China's buoyant and booming economy has seen
:08:38. > :08:41.a splurge in wedding spending in recent years, and whether it has
:08:42. > :08:50.come a rapid changing tastes and customs. `` and with it. It is
:08:51. > :08:58.special for us, a lot of couples choose original styles. We want a
:08:59. > :09:02.special style farce. `` special style for us. Underwater is special
:09:03. > :09:06.for us. If you cannot afford time off work for those special images,
:09:07. > :09:10.why not have them taken on the job? These photos of a paramilitary
:09:11. > :09:18.police officer and his wife recently went viral on the Chinese Internet.
:09:19. > :09:23.Unlike in the West, couples have their main set of photos taken in
:09:24. > :09:27.advance of the wedding. With more than half a million registered
:09:28. > :09:33.wedding photographers countrywide, competition is fierce. In Shanghai
:09:34. > :09:41.alone, there are dozens of studios with the special underwater tanks
:09:42. > :09:45.needed for these shots. China may not have invented the genre is, but
:09:46. > :09:49.it has caught on fast, as old traditions are swamped by a flood of
:09:50. > :09:56.new money. This photo shoot is costing this couple a little more
:09:57. > :09:59.than 300 US dollars. With some 10 million Chinese couples tying the
:10:00. > :10:05.knot each year, the spending adds up, and industry today is worth an
:10:06. > :10:09.estimated 80 billion US dollars. That is more than the total output
:10:10. > :10:13.of some European economies, and includes all wedding spending.
:10:14. > :10:16.Ceremonies, receptions and honeymoons. For photographers
:10:17. > :10:21.wanting to hang onto their share of it, bolting the next new trend may
:10:22. > :10:28.determine whether they sink or swim `` sporting.
:10:29. > :10:41.Let's have a quick look at the markets.
:10:42. > :10:46.These figures boost estimations. That is it for today's edition of
:10:47. > :10:50.Asia Business Report. This is BBC News. The top stories
:10:51. > :10:53.this hour: Pro`democracy groups in Hong Kong have reacted angrily to a
:10:54. > :10:56.ruling from Beijing that effectively gives China control over the choice
:10:57. > :11:02.of candidates for the territory's next leadership election.
:11:03. > :11:03.Russian president