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To whether China's Huawei can compete with Apple and Samsung and | :00:17. | :00:30. | |
can tourism change its stripes? How one Indian state is on the prowl for | :00:31. | :00:39. | |
more tourist dollars. Welcome to Asia Business Report, I am Ali | :00:40. | :00:46. | |
Moore. China's tech giant Huawei may not be a household name but it is in | :00:47. | :00:51. | |
fact the third biggest smartphone maker in the world, following | :00:52. | :00:54. | |
Samsung and Apple. We will find out how the firm performed last year in | :00:55. | :01:01. | |
a few hours' time but at home it has been earning more consumers than its | :01:02. | :01:05. | |
rivals. I spoke with Duncan Clark, a tech analyst in Beijing. There is | :01:06. | :01:09. | |
every reason to think that they can in that they are a very deep | :01:10. | :01:15. | |
company, they have a lot of R and 180,000 employees. -- research and | :01:16. | :01:20. | |
development. That means they have a fundamental base in ship service and | :01:21. | :01:24. | |
others which competitors in China lack. So the key thing to maintain | :01:25. | :01:29. | |
scale and momentum is that depth of experience and the global spread | :01:30. | :01:37. | |
they have -- chip service. They are a global player but not a recognised | :01:38. | :01:41. | |
name as we said. They might be big at home but they have struggled to | :01:42. | :01:45. | |
get themselves out there as a consumer brand, haven't they? You're | :01:46. | :01:49. | |
right, the company will be 30 years old next year and I have been | :01:50. | :01:53. | |
covering them since the mid-19 90s. They have been overseas for two | :01:54. | :02:00. | |
decades now. Alibaba is a famous Chinese company, easier to pronounce | :02:01. | :02:04. | |
than Huawei. It is a difficult company to get to know. It is a | :02:05. | :02:08. | |
private company, not listed. It has had huge in developing markets in | :02:09. | :02:14. | |
Europe and across the world, but it's not rand, you will see it as -- | :02:15. | :02:24. | |
Honour brand is recognisable. If you look at Apple's new iPhone, the key | :02:25. | :02:29. | |
market its mainland China. Will that give Huawei a run for its money? No, | :02:30. | :02:36. | |
well, everybody wants to be Apple. It is not the largest but in terms | :02:37. | :02:40. | |
of profits in the sector it is huge. It is like a Hoover of profits in | :02:41. | :02:44. | |
the sector but Huawei has been doing very well, especially against | :02:45. | :02:53. | |
Samsung. So the Chinese smartphone market, which is now 90% of all | :02:54. | :02:56. | |
phones sold in China, it is increasingly moving. Huawei is on | :02:57. | :03:07. | |
the right place in the right time in China. The Bank of Japan's sentiment | :03:08. | :03:13. | |
survey has come in below expectations. Confidence in Japanese | :03:14. | :03:17. | |
manufacturers worsened in the three months to March. It now stands at | :03:18. | :03:22. | |
six, down from plus 12 three months ago. Businesses haven't felt this | :03:23. | :03:27. | |
gloomy since the second quarter of 2013 when the Bank of Japan launched | :03:28. | :03:32. | |
its easing programme. So what has got Japanese businesses feeling so | :03:33. | :03:36. | |
grim? We are joined by the special adviser to Japan's Cabinet office. | :03:37. | :03:40. | |
Thank you very much for being with us. We have just gone through the | :03:41. | :03:46. | |
latest numbers. If you look at inflation stalling, consumer | :03:47. | :03:49. | |
spending weakening, it is not a pretty picture, is it? It looks | :03:50. | :03:53. | |
superficially not so good but I think the quarter numbers just | :03:54. | :03:57. | |
reflect real uncertainty. And I think this particular quarter, | :03:58. | :04:02. | |
businesses really are trying to digests what negative interest rates | :04:03. | :04:06. | |
mean to them and these things. So this uncertainty is causing a little | :04:07. | :04:10. | |
bit of consternation, at I would say that given today is actually the | :04:11. | :04:14. | |
start of the fiscal year in Japan and looking at the news broadcast, | :04:15. | :04:19. | |
it doesn't have that gloominess, foreboding here. So I think more of | :04:20. | :04:24. | |
this is really the uncertainty based on some of the rate policies that we | :04:25. | :04:29. | |
have seen. You have interest rates, but what makes you optimistic? What | :04:30. | :04:33. | |
else can the government do to get this economy moving? They have | :04:34. | :04:36. | |
pretty much thrown everything at it that they can so far. I am impressed | :04:37. | :04:42. | |
at some level, I am disappointed in others but there are a lot of | :04:43. | :04:46. | |
externalities which are out of Japan's control, whether it is | :04:47. | :04:51. | |
currency, we are off the lows, at having swings that happen where you | :04:52. | :04:59. | |
have seven or 8% swings in a few weeks, that will cause some | :05:00. | :05:02. | |
uncertainty. Oil prices have stabilised, but obviously the China | :05:03. | :05:06. | |
News and the stability that, that is hard to read for a lot of Japanese | :05:07. | :05:11. | |
people. The volumes have gone down and we are not seeing those kinds of | :05:12. | :05:15. | |
quote unquote fires. We are seeing more confident in that there are | :05:16. | :05:19. | |
fewer variables moving around in the last few weeks. But in terms of | :05:20. | :05:25. | |
domestic factors, is the pressure now really on Prime Minister Abe to | :05:26. | :05:29. | |
hold off on the sales tax increase next year? Retail sales seem to be | :05:30. | :05:33. | |
still recovering from the last increase. Yes, that is hard to say. | :05:34. | :05:37. | |
There are a lot of things in play. We have an election coming up, there | :05:38. | :05:41. | |
are all these events between now and the election and how the election | :05:42. | :05:46. | |
itself will play out, these things are very hard to say. I really can't | :05:47. | :05:51. | |
comment on how the tax rates and the consumption tax will change, but | :05:52. | :05:54. | |
this is all on the table and this is all being debated. And more | :05:55. | :05:59. | |
stimulus, do you think that is also on the cards? Yes, when you have | :06:00. | :06:04. | |
situations like this, I think the government will definitely pull the | :06:05. | :06:08. | |
stops and see what they can do. Stimulus in the right areas is not a | :06:09. | :06:12. | |
bad thing and something that is probably a good debt. Thank you for | :06:13. | :06:20. | |
talking to us. -- good bet. The fast food giant McDonald's has plans for | :06:21. | :06:25. | |
a major expansion in Asia. McDonald's plans to add 1000 | :06:26. | :06:28. | |
restaurants in China over the next five years which would make it the | :06:29. | :06:34. | |
countrycompany's second-biggest market after the US. It also plans | :06:35. | :06:38. | |
outlets in Hong Kong and South Korea over the same period -- company's | :06:39. | :06:44. | |
second-biggest market. China has withdrawn a takeover offer for a | :06:45. | :06:51. | |
hotel company. The consortium cited various market considerations for | :06:52. | :06:56. | |
its decision not to proceed. The decision freeze them up to proceed | :06:57. | :07:02. | |
with its $13 billion merger deal with Marriot International, creating | :07:03. | :07:06. | |
the world's largest hotel chain. fallen slightly as low oil prices | :07:07. | :07:14. | |
continue to keep prices down. It now stands at 1%. Inflation for | :07:15. | :07:22. | |
industrial products declined 09%, the only category to fall. In a sign | :07:23. | :07:25. | |
that consumption may be recovering, service prices rose compared to the | :07:26. | :07:36. | |
same time last year -- zero .9%. India has the largest population of | :07:37. | :07:40. | |
tigers in the world. It draws hundreds of thousands of visitors | :07:41. | :07:44. | |
each year because in some parks tourist can spot the big cat in the | :07:45. | :07:54. | |
wild. -- tourists. A bumpy ride into the wild. Slowly, the residents of | :07:55. | :08:00. | |
this central Indian Forest begin to show themselves. A big herd of | :08:01. | :08:07. | |
Indian boar, and black faced monkeys eating Breakfast. Suddenly a deer | :08:08. | :08:12. | |
sends out an alarm call. A predator is on the move. The cars stop and | :08:13. | :08:21. | |
wait with bated. Then, out it comes. -- hated -- baited breath. The King | :08:22. | :08:33. | |
or Queen of the jungle, a five-year-old tigress. The means to | :08:34. | :08:37. | |
earn a living for some. This man lives in a village just | :08:38. | :08:51. | |
outside the Jungle. TRANSLATION: I have grown up here. I love the | :08:52. | :08:56. | |
Jungle. They survive only because of it and the Tigers. There are hardly | :08:57. | :09:01. | |
any jobs in this remote area. In the past five years, the number of | :09:02. | :09:04. | |
tourist is coming here have more than doubled and foreign visitors | :09:05. | :09:08. | |
who usually prefer the more popular jungles are also setting their | :09:09. | :09:12. | |
sights on this area. That is mainly down to a rising tiger population. | :09:13. | :09:16. | |
There is a tiger sleeping in those bushes there. I can just about see | :09:17. | :09:23. | |
it through my binoculars. It has been lying there for about an hour | :09:24. | :09:26. | |
and everyone here is waiting, hoping that it will wake up and then | :09:27. | :09:30. | |
perhaps we will get a better look at it. Spotting tigers in the wild is | :09:31. | :09:35. | |
an activity that requires a lot of patience. It is unbeatable and it | :09:36. | :09:39. | |
costs money. You have to book this car, the guide, and you have to pay | :09:40. | :09:44. | |
a fee to enter the Jungle as well. But it is also addictive. You can | :09:45. | :09:47. | |
just see the kind of crowds here that have gathered to get a glimpse | :09:48. | :09:53. | |
of the tiger. Too many people would scare the wildlife here. | :09:54. | :09:56. | |
TRANSLATION: We restrict the number of tourists by restricting the | :09:57. | :10:00. | |
number of cars allowed to navigate the Jungle. Only 68 vehicles are | :10:01. | :10:04. | |
allowed to the forest at any given time. It is difficult, though, to | :10:05. | :10:11. | |
walk the line of mutual respect between the Tigers and the humans | :10:12. | :10:18. | |
who come to see them. Time for a quick check of markets. You can look | :10:19. | :10:23. | |
at how Asia has opened. The All Ordinaries down quite a lot, almost | :10:24. | :10:28. | |
2% and the Nikkei has just opened, also opening lower. Wall Street | :10:29. | :10:33. | |
ended lower overnight. That's it from this edition of Asia Business | :10:34. | :10:35. | |
Report. Thank you for joining | :10:36. | :10:36. |