:00:00. > :00:12.More than 800,000 people have signed an on-line petition
:00:13. > :00:14.against Donald Trump making a state visit to the UK.
:00:15. > :00:18.The petition will be considered for debate by MPs in Parliament
:00:19. > :00:32.Now on BBC News, all the latest business news live from Singapore.
:00:33. > :00:42.Donald Trump and Vladimir Putin speak. Are we about to see big
:00:43. > :00:47.changes in US- Russian business negotiations? And fashion. What
:00:48. > :00:53.leads some Asian parents to spend thousands! Good morning, Asia.
:00:54. > :00:58.Hello, world. Welcome to Asia Business Report. It's a Monday. US
:00:59. > :01:03.President Donald Trump's immigration policy has nominated the headlines
:01:04. > :01:08.this weekend. But he also had a phone conversation with the Russian
:01:09. > :01:13.president, Vladimir Putin, aimed at clawing the frosty relationship. --
:01:14. > :01:21.thrawing. They did not discuss lifting sanctions, apparently.
:01:22. > :01:25.Earlier, I spoke with someone to see if the sanctions have had a major
:01:26. > :01:34.impact on Russia. International trade has dropped down from 25%.
:01:35. > :01:38.That is like $136 billion, quite damaging. As a result of the
:01:39. > :01:41.sanctions, has this drawn Russia into the arms of other trading
:01:42. > :01:47.nations like China and countries here in Asia, for example? With
:01:48. > :01:57.China, it is actually a very big front for international trade. Over
:01:58. > :02:03.90 billion US dollars in trade and import. The US was one of our main
:02:04. > :02:13.trade partners for the last four years. In general, with the trade
:02:14. > :02:18.with Russia and the US, it is about 4.4% from all over international
:02:19. > :02:22.trade. Very quickly, going forward, with, obviously, the new leadership
:02:23. > :02:27.in charge in the US, do you see trade relations improving
:02:28. > :02:33.potentially? Well, it is very early to do any forecast. Donald Trump is
:02:34. > :02:39.unique and just got him the presidency. But from what I can see,
:02:40. > :02:43.Donald Trump is not afraid to do unpopular things. He does not care
:02:44. > :02:49.so much about being unpopular. That is why I would not be surprised if
:02:50. > :02:59.you cancel the sanctions. Donald Trump, he was in business all his
:03:00. > :03:06.life. -- if he cancelled the sanctions. I think he will do lots
:03:07. > :03:09.of things beneficial for America and trade and moneymaking. I think he
:03:10. > :03:15.will be good. Speaking to me earlier. Japanese retail sales have
:03:16. > :03:21.increased for the second month in a row. That is a sign that consumer
:03:22. > :03:25.spending is finally looking up. It rose at .6% last month compared to
:03:26. > :03:30.the previous year. That follows a 1.7% increase in November, the first
:03:31. > :03:41.rise in nine months. E-commerce giant Amazon end has been growing.
:03:42. > :03:46.It poured $2 billion in. It has announced another $3 billion for
:03:47. > :03:51.expansion in India. We sat down with Amazon and asked about the company's
:03:52. > :03:58.performance. We have grown year over year. Just last January we maintain
:03:59. > :04:04.the growth rates. That compares to mostly flat landscapes. Isn't it
:04:05. > :04:10.true that a lot of your growth has come at the expense of your rivals
:04:11. > :04:14.here? E-commerce companies, are they overestimate in the Indian market?
:04:15. > :04:20.It cannot be just at the expense of others. If you look at the value,
:04:21. > :04:33.for example, this season, we saw 97% of India using Amazon, tremendous
:04:34. > :04:38.penetration in three years. We are growing 100% year over year. You
:04:39. > :04:42.cannot achieve this with a very large base, so the landscape is
:04:43. > :04:46.growing. What challenges to you face in a country like India? The
:04:47. > :04:50.challenges would be the same challenges that e-commerce has as
:04:51. > :04:56.you expand your landscape. How do you power small and medium salaries
:04:57. > :05:00.and businesses? How do you build a logistics network that can reach
:05:01. > :05:04.around the country and provide fast service? How do you deal with mobile
:05:05. > :05:09.phones being the primary access point for consumers? What about
:05:10. > :05:13.infrastructure, how do you build it? Where does your huge investment
:05:14. > :05:21.focus on? Where will you focus money on? Every time we have cellars,
:05:22. > :05:27.costs goes down and sales go up. We use the network so that speed of
:05:28. > :05:37.delivery goes up. All of this results in lower prices. If you look
:05:38. > :05:49.at logistics, we have more than 27 centres in 10-13 states. All of this
:05:50. > :05:53.requires investment. The head of Amazon India. Most parents want
:05:54. > :05:58.their children to be dressed well when they go out, but would you pay
:05:59. > :06:03.thousands of dollars to keep your toddler in designer outfits? Would
:06:04. > :06:10.you buy them diamond encrusted handbag is? As part of a new series,
:06:11. > :06:13.The Business of Kids, we found out that brand conscious parents with
:06:14. > :06:24.money, it seems to be all of the rage in again. MUSIC. Asia, the
:06:25. > :06:30.fastest growing market for children's clothes. Especially for
:06:31. > :06:33.designer brands. At this upscale shopping centre in Singapore, the
:06:34. > :06:41.number of children's shops have boomed. And the focus is definitely
:06:42. > :06:46.on the high-end. Here at Baby Dior, it is wall-to-wall luxury for
:06:47. > :06:52.children. A lace headband for a three-year-old at 500 US dollars. Do
:06:53. > :07:00.you need a handbag for your daughter to match yours? These are priced at
:07:01. > :07:10.around $3500. And for the dad, there is this Kashmir jacket. And matching
:07:11. > :07:17.pants for $300. All inspired by the men's collection. But image can be
:07:18. > :07:21.as important to style. In Asia, parents often see their children as
:07:22. > :07:26.a reflection of themselves, the reflection of their taste and social
:07:27. > :07:38.status. In Asia, success often translates to being rich. So wealthy
:07:39. > :07:43.parents in Asia want to dress their children but curiously. Smaller
:07:44. > :07:50.families are feeling the demand for luxury childrenswear. -- luxiously.
:07:51. > :08:00.I want to buy them good clothes because they look good. So we buy,
:08:01. > :08:04.of course, Dior. The barrage of coverage also has a big influence.
:08:05. > :08:11.One of the biggest things is social media. It is a good way to show your
:08:12. > :08:15.peers what you just got for your baby. The latest handbag for your
:08:16. > :08:21.daughter. Industry watches say the next big thing will be comfortable
:08:22. > :08:27.and organic clothing. The look may be less ostentatious, but you can be
:08:28. > :08:38.sure that prices will not be any cheaper. Sarah, BBC News, Singapore.
:08:39. > :08:44.A greeting to millions across the world are celebrating the Chinese
:08:45. > :08:50.Lunar New Year. The Year of the Rooster is going to ruffle a few
:08:51. > :08:57.feathers. The CSLA has a forecast for the Hang Seng Index based on
:08:58. > :09:02.astronomy. I spoke to an analyst from CSLA to see how accurate it has
:09:03. > :09:09.been. Of course, it is purely for alternative referencing, just for
:09:10. > :09:14.fun. But if you look at the first year of our forecast, it was the
:09:15. > :09:21.Monkey Year, and we correctly forecast it. Go on, I am an Ox. Tell
:09:22. > :09:24.me what kind of year I will have an potentially the rest of our viewers
:09:25. > :09:31.will have. Will we be financially lucky? Those who will be financially
:09:32. > :09:42.lucky are big, well, the t, lucky you. -- the. And the Horse and
:09:43. > :09:45.Snake, as well as the Ox. You also have forecasting that is not good
:09:46. > :09:50.for the likes of the Goat, for instance. It says it is a tough year
:09:51. > :09:55.for them. Is there anything investors can do to change their
:09:56. > :09:58.luck? Of course. Besides looking at the tracking of the Hang Seng Index
:09:59. > :10:07.forecast, wearing bright colours, like yellow and red, and two and
:10:08. > :10:13.number four. Generally, the outlook for this year is good or bad,
:10:14. > :10:18.according to the Rooster? It is a good year for the Hang Seng Index.
:10:19. > :10:22.It is driving up the share price upward in June and July and a bit of
:10:23. > :10:26.downward movement towards the end of the year. Overall, a good year for
:10:27. > :10:29.investing. Let us take a look and see if those predictions are coming
:10:30. > :10:35.through with the market today. The Nikkei is down 1%. Australia's All
:10:36. > :10:41.Ords Index is down 1% as well. The Hang Seng Index is unchanged. That
:10:42. > :10:45.is over Donald Trump's fairly inconsistent and unpredictable
:10:46. > :10:51.policies, say many analysts. Toshiba shares are falling as well. That is
:10:52. > :10:53.it for this Asia Business Report. Thank you for