06/04/2017 Asia Business Report

I'm Babita Sharma with BBC World News.

Aung San Suu Kyi has told the BBC she rejects criticism

over her handling of the Rohingya Muslims crisis.

The de facto leader of Myanmar has denied international accusations

that she's been standing by as Rohingya Muslims

are ethnically cleansed by the army in Rakhine State.

President Trump has called the deadly gas attack in Syria

on Tuesday an affront to humanity and said it changed his view

And this video is trending on bbc.com.

Pepsi says it's discountinued a controversial advert,

starring the model, Kendall Jenner, and apologised for "missing

Critics said the video undermined the Black Lives Matter movement.

Relatives of those killed in the Westminster terror attack

have joined members of the Royal Family at a "service

Emergency services staff were among the 2,000-strong multi-faith

Now on BBC News, all the latest business news live from Singapore.

Economics or six. We count down to the highly anticipated meeting

between Donald Trump and Xi Jinpingpolitics. And find out why it

is good for homeowners that there is a housing crackdown in India. Good

morning, Asia. Hello, world. This is Asia Business Report. Thank you for

joining us. It's a Thursday. The top story. The much anticipated meeting

between the leaders of the world's two largest economies. They are of

course US President Donald Trump and the host, his Chinese counterpart,

Xi Jinping. They have lots to talk about the pitch trade and security

issues will be high on the agenda. Will that meeting be a tense one

given that President Trump has promised to take on a tougher line

on China? We have more. We cannot continue to allow China to rate our

country. They have taken our money. -- rape. They have taken our jobs.

China is a currency manipulator. America has lost 70,000 factories

since China entered the World Trade Organization. Will be not the best

way to start a meeting with America's second largest trading

partner. But they are meeting at the Donald Trump estate in Florida. The

two countries have a lot to discuss. Take this custom manufacture in New

York. They import products from China to create some of their

features. And they have also sold to China, something they will not do

again. I will not take an order in China for a national account. I will

sell it to them locally. They have to figure out how to get it into

China. Because it is just that that difficult? It is just that

difficult. We are just not on an even playing field. He believes it

is China who has to change, making it easier for countries, companies

like us to do business. By Donald Trump will have to balance those

ones with the dependency on a working relationship with China. --

but. His bombastic style makes some uneasy. 30% comes from China. 73% of

footwear comes from China. Our supply chains are entrenched in

China. If anything were to happen without relationship, it would be a

problem for retail. There is a lot riding on this first face-to-face

meeting between President Trump and Xi Jinping. President Trump has had

a lot of success with trade populism, but establishing a viable

trade policy is something very different. Samira Hussain, BBC News,

New York. As he just saw, many American businesses see the US and

China trade relationship as a difficult and complicated one, so do

many Chinese businesses as well. Here is a look at some of the most

contentious issues. Welcome to Shanghai, China's

commercial capital. Plenty of US firms are based the trained eye

Schenscher between these two countries is hugely important to the

world economy. -- trading relationship. Let us look at some of

the five most contentious areas of the relationship. We will hear from

both sides. China was a currency manipulator, of course, but it was

not manipulating the currency any more because it has been three years

that we have seen the Chinese economy has changed. It has changed.

Market access. This is a big deal for US business. The Chinese can

invest in the US in many areas where we cannot invest in China. Number

three, rejecting intellectual property in China. The China

leaders, they are prepared to do more in protecting the intellectual

property rights. This is not easy. In China, we are still not a country

that does this. As the country grows, it becomes more

sophisticated, and as the middle-class to grow, the IPP laws

that have been in effect, you will see more teeth in them. Number four

forcing firms to transfer their technology to China the Chinese

leaders realise that core technology is still the bottleneck for the

Chinese enterprises. That is why we see Chinese companies, they are so

interested in making overseas mergers and acquisitions to buy core

technology. And many manufacturers are suffering from the lag of

technology. Number five, investment. What can China for America? Both

countries want jobs. The growth in outbound investment from Chinese

companies into the US, for example, last year, was approximately $45

billion, significantly above the year before. So, there are five

things to think about as these two men prepare to meet. A view from

China. In other news, Federal Reserve officials basically have

given a stronger signal that they may shift away from the post

financial crisis investment policy. They also said they see considerable

uncertainty about the effects of a uncertainty about the effects of a

possible stimulus from the Donald Trump administration. But they said

they do not know how quickly there will be phasing out of investments.

The owner of Krispy Kreme will buy Panera Bread. That is as it expands

its empire in the US market. Panera has about 2000 bakery cafes in the

US. Fresh offerings appeal to health-conscious consumers. India.

The next instalment of our week-long series looking at the property

industry. First it was undeclared wealth, now it is property. India's

Prime Minister is on a mission to stamp out illegal financial

activities, as well as tax evasion. But while last year's tax bank

caused a lot of inconvenience for many Indians, a crackdown on real

estate may actually help them. Like many Indian families, this family

put their life savings into buying a home of their own. But eight years

on, they are still waiting to take possession. TRANSLATION: Our dream

home has turned into a nightmare. We have paid for this with our life

savings. Owning a house should not be this difficult. The builder he

invested with is caught up in a legal battle with the landowners.

And so many of the flats in this developer and have not been handed

over. He is taking legal action, but the process in India is slow and

often ineffective. Not getting possession to a flat is a common

problem in India. Construction is often delayed why government

approvals and disputes over land ownership. -- by. They struggle to

stay afloat as a result. On one hand, people cannot get into the

homes they own, and on the other hand, corruption drives up prices.

That corruption extends beyond poor oversight from developers. The

government is now cracking down on those avoiding taxes. Here is why.

Property has long been an attractive option for people to park undeclared

funds or black money. Sellers are paid in cash and often did not

declare the actual sale price, reducing the amount of stamp duties

the government receives. The biggest problem is what is called No Name

properties, real estate bought under a fictitious name other than the

actual owner. This is absolutely critical from the government to

clean up the system and restore investor confidence in the entire

real estate industry. I mean, not talking about this, we are talking

about institutional investors giving much more confidence to pouring

literally billions of dollars into the country. The Indian Prime

Minister's cash ban has already brought down property prices by up

to 20% in the big cities. But Narendra Modi also wants to provide

a home for every Indian by 2022, for which 50 million new homes will have

to be built. Up the real estate sector will be crucial to making

those new homes available and affordable. BBC News, Delhi. A quick

look at the markets. The Nikkei average of Japan has opened at its

lowest numbers since mid-January, essentially. Down almost 1%. Really,

investors are paying attention to the Federal Reserve minutes I told

you about earlier that led to a decline of US stocks. Again, a

decline in Asia as well. The all ordinaries in Australia are

currently flat to be that is it for the Asia Business Report. Thank you

for watching. -- flat. You are watching BBC News. The

headlines.