:00:08. > :00:09.I'm Babita Sharma with BBC World News.
:00:10. > :00:14.Aung San Suu Kyi has told the BBC she rejects criticism
:00:15. > :00:18.over her handling of the Rohingya Muslims crisis.
:00:19. > :00:20.The de facto leader of Myanmar has denied international accusations
:00:21. > :00:23.that she's been standing by as Rohingya Muslims
:00:24. > :00:27.are ethnically cleansed by the army in Rakhine State.
:00:28. > :00:30.President Trump has called the deadly gas attack in Syria
:00:31. > :00:33.on Tuesday an affront to humanity and said it changed his view
:00:34. > :00:44.And this video is trending on bbc.com.
:00:45. > :00:49.Pepsi says it's discountinued a controversial advert,
:00:50. > :00:52.starring the model, Kendall Jenner, and apologised for "missing
:00:53. > :00:57.Critics said the video undermined the Black Lives Matter movement.
:00:58. > :01:11.Relatives of those killed in the Westminster terror attack
:01:12. > :01:14.have joined members of the Royal Family at a "service
:01:15. > :01:18.Emergency services staff were among the 2,000-strong multi-faith
:01:19. > :01:36.Now on BBC News, all the latest business news live from Singapore.
:01:37. > :01:47.Economics or six. We count down to the highly anticipated meeting
:01:48. > :01:53.between Donald Trump and Xi Jinpingpolitics. And find out why it
:01:54. > :02:00.is good for homeowners that there is a housing crackdown in India. Good
:02:01. > :02:03.morning, Asia. Hello, world. This is Asia Business Report. Thank you for
:02:04. > :02:07.joining us. It's a Thursday. The top story. The much anticipated meeting
:02:08. > :02:16.between the leaders of the world's two largest economies. They are of
:02:17. > :02:23.course US President Donald Trump and the host, his Chinese counterpart,
:02:24. > :02:27.Xi Jinping. They have lots to talk about the pitch trade and security
:02:28. > :02:32.issues will be high on the agenda. Will that meeting be a tense one
:02:33. > :02:37.given that President Trump has promised to take on a tougher line
:02:38. > :02:44.on China? We have more. We cannot continue to allow China to rate our
:02:45. > :02:49.country. They have taken our money. -- rape. They have taken our jobs.
:02:50. > :02:57.China is a currency manipulator. America has lost 70,000 factories
:02:58. > :03:03.since China entered the World Trade Organization. Will be not the best
:03:04. > :03:08.way to start a meeting with America's second largest trading
:03:09. > :03:12.partner. But they are meeting at the Donald Trump estate in Florida. The
:03:13. > :03:17.two countries have a lot to discuss. Take this custom manufacture in New
:03:18. > :03:21.York. They import products from China to create some of their
:03:22. > :03:26.features. And they have also sold to China, something they will not do
:03:27. > :03:33.again. I will not take an order in China for a national account. I will
:03:34. > :03:37.sell it to them locally. They have to figure out how to get it into
:03:38. > :03:42.China. Because it is just that that difficult? It is just that
:03:43. > :03:45.difficult. We are just not on an even playing field. He believes it
:03:46. > :03:53.is China who has to change, making it easier for countries, companies
:03:54. > :03:57.like us to do business. By Donald Trump will have to balance those
:03:58. > :04:02.ones with the dependency on a working relationship with China. --
:04:03. > :04:08.but. His bombastic style makes some uneasy. 30% comes from China. 73% of
:04:09. > :04:14.footwear comes from China. Our supply chains are entrenched in
:04:15. > :04:20.China. If anything were to happen without relationship, it would be a
:04:21. > :04:26.problem for retail. There is a lot riding on this first face-to-face
:04:27. > :04:29.meeting between President Trump and Xi Jinping. President Trump has had
:04:30. > :04:34.a lot of success with trade populism, but establishing a viable
:04:35. > :04:40.trade policy is something very different. Samira Hussain, BBC News,
:04:41. > :04:44.New York. As he just saw, many American businesses see the US and
:04:45. > :04:51.China trade relationship as a difficult and complicated one, so do
:04:52. > :04:53.many Chinese businesses as well. Here is a look at some of the most
:04:54. > :05:10.contentious issues. Welcome to Shanghai, China's
:05:11. > :05:14.commercial capital. Plenty of US firms are based the trained eye
:05:15. > :05:21.Schenscher between these two countries is hugely important to the
:05:22. > :05:26.world economy. -- trading relationship. Let us look at some of
:05:27. > :05:34.the five most contentious areas of the relationship. We will hear from
:05:35. > :05:37.both sides. China was a currency manipulator, of course, but it was
:05:38. > :05:43.not manipulating the currency any more because it has been three years
:05:44. > :05:55.that we have seen the Chinese economy has changed. It has changed.
:05:56. > :06:01.Market access. This is a big deal for US business. The Chinese can
:06:02. > :06:05.invest in the US in many areas where we cannot invest in China. Number
:06:06. > :06:11.three, rejecting intellectual property in China. The China
:06:12. > :06:15.leaders, they are prepared to do more in protecting the intellectual
:06:16. > :06:23.property rights. This is not easy. In China, we are still not a country
:06:24. > :06:25.that does this. As the country grows, it becomes more
:06:26. > :06:31.sophisticated, and as the middle-class to grow, the IPP laws
:06:32. > :06:37.that have been in effect, you will see more teeth in them. Number four
:06:38. > :06:42.forcing firms to transfer their technology to China the Chinese
:06:43. > :06:47.leaders realise that core technology is still the bottleneck for the
:06:48. > :06:53.Chinese enterprises. That is why we see Chinese companies, they are so
:06:54. > :07:01.interested in making overseas mergers and acquisitions to buy core
:07:02. > :07:08.technology. And many manufacturers are suffering from the lag of
:07:09. > :07:13.technology. Number five, investment. What can China for America? Both
:07:14. > :07:16.countries want jobs. The growth in outbound investment from Chinese
:07:17. > :07:21.companies into the US, for example, last year, was approximately $45
:07:22. > :07:26.billion, significantly above the year before. So, there are five
:07:27. > :07:32.things to think about as these two men prepare to meet. A view from
:07:33. > :07:36.China. In other news, Federal Reserve officials basically have
:07:37. > :07:40.given a stronger signal that they may shift away from the post
:07:41. > :07:44.financial crisis investment policy. They also said they see considerable
:07:45. > :07:49.uncertainty about the effects of a uncertainty about the effects of a
:07:50. > :07:53.possible stimulus from the Donald Trump administration. But they said
:07:54. > :08:04.they do not know how quickly there will be phasing out of investments.
:08:05. > :08:09.The owner of Krispy Kreme will buy Panera Bread. That is as it expands
:08:10. > :08:16.its empire in the US market. Panera has about 2000 bakery cafes in the
:08:17. > :08:23.US. Fresh offerings appeal to health-conscious consumers. India.
:08:24. > :08:27.The next instalment of our week-long series looking at the property
:08:28. > :08:32.industry. First it was undeclared wealth, now it is property. India's
:08:33. > :08:36.Prime Minister is on a mission to stamp out illegal financial
:08:37. > :08:42.activities, as well as tax evasion. But while last year's tax bank
:08:43. > :08:49.caused a lot of inconvenience for many Indians, a crackdown on real
:08:50. > :08:57.estate may actually help them. Like many Indian families, this family
:08:58. > :09:01.put their life savings into buying a home of their own. But eight years
:09:02. > :09:05.on, they are still waiting to take possession. TRANSLATION: Our dream
:09:06. > :09:09.home has turned into a nightmare. We have paid for this with our life
:09:10. > :09:15.savings. Owning a house should not be this difficult. The builder he
:09:16. > :09:20.invested with is caught up in a legal battle with the landowners.
:09:21. > :09:26.And so many of the flats in this developer and have not been handed
:09:27. > :09:31.over. He is taking legal action, but the process in India is slow and
:09:32. > :09:35.often ineffective. Not getting possession to a flat is a common
:09:36. > :09:40.problem in India. Construction is often delayed why government
:09:41. > :09:45.approvals and disputes over land ownership. -- by. They struggle to
:09:46. > :09:50.stay afloat as a result. On one hand, people cannot get into the
:09:51. > :09:54.homes they own, and on the other hand, corruption drives up prices.
:09:55. > :09:58.That corruption extends beyond poor oversight from developers. The
:09:59. > :10:05.government is now cracking down on those avoiding taxes. Here is why.
:10:06. > :10:11.Property has long been an attractive option for people to park undeclared
:10:12. > :10:15.funds or black money. Sellers are paid in cash and often did not
:10:16. > :10:20.declare the actual sale price, reducing the amount of stamp duties
:10:21. > :10:26.the government receives. The biggest problem is what is called No Name
:10:27. > :10:32.properties, real estate bought under a fictitious name other than the
:10:33. > :10:36.actual owner. This is absolutely critical from the government to
:10:37. > :10:45.clean up the system and restore investor confidence in the entire
:10:46. > :10:49.real estate industry. I mean, not talking about this, we are talking
:10:50. > :10:53.about institutional investors giving much more confidence to pouring
:10:54. > :10:58.literally billions of dollars into the country. The Indian Prime
:10:59. > :11:04.Minister's cash ban has already brought down property prices by up
:11:05. > :11:10.to 20% in the big cities. But Narendra Modi also wants to provide
:11:11. > :11:15.a home for every Indian by 2022, for which 50 million new homes will have
:11:16. > :11:19.to be built. Up the real estate sector will be crucial to making
:11:20. > :11:28.those new homes available and affordable. BBC News, Delhi. A quick
:11:29. > :11:32.look at the markets. The Nikkei average of Japan has opened at its
:11:33. > :11:37.lowest numbers since mid-January, essentially. Down almost 1%. Really,
:11:38. > :11:42.investors are paying attention to the Federal Reserve minutes I told
:11:43. > :11:47.you about earlier that led to a decline of US stocks. Again, a
:11:48. > :11:50.decline in Asia as well. The all ordinaries in Australia are
:11:51. > :11:52.currently flat to be that is it for the Asia Business Report. Thank you
:11:53. > :12:03.for watching. -- flat. You are watching BBC News. The
:12:04. > :12:07.headlines.