:00:17. > :00:23.China is about to reveal its latest gross numbers. Will it show the
:00:24. > :00:28.economy slowing down of stabilising? We visit somebody that helps capture
:00:29. > :00:43.the imagination of millions of fans around the world. Good morning Asia,
:00:44. > :00:48.hello world. It's's the start of a brand-new trading week, glad you
:00:49. > :00:51.could join us. Very soon, China will be unveiling its latest economic
:00:52. > :00:55.growth numbers. Officials say they are changing the way they calculate
:00:56. > :01:00.what makes up the economy, by including contributions from
:01:01. > :01:05.healthcare, tourism and the new economy. The last time Chinese
:01:06. > :01:10.authorities changed how their GDP was calculated was in 2002. This
:01:11. > :01:20.will give us a better indication of how well the mainland guru from
:01:21. > :01:23.April- June this year. Earlier, the China economist with HSBC told me
:01:24. > :01:25.that this reflects the Chinese transitioning
:01:26. > :01:34.economy. We have seen over the past two years that the new economy set
:01:35. > :01:38.is in hiring and manufacturing have been outperforming the rest of the
:01:39. > :01:43.economy. A lot of them are growing in double digits. Even though they
:01:44. > :01:51.are starting from relatively modest sizes, on the whole, they are of a
:01:52. > :01:57.sufficient size to be recognised. Healthcare, tourism and economy,
:01:58. > :02:05.will this bump up economic growth for the Chinese economy in the
:02:06. > :02:08.long-term or the medium-term? The statistical calculations have shown
:02:09. > :02:15.that the immediate impact may not be as big. We are expecting GDP to be
:02:16. > :02:19.6.8% for the second quarter of this year, a very marginal slowdown from
:02:20. > :02:22.the first quarter at 6.9. There is no doubt that over the medium term,
:02:23. > :02:26.this will be a very significant shift. It reflects a strong
:02:27. > :02:31.transformation of the Chinese economy. When is a significant
:02:32. > :02:35.shift, how many percentage points could this add to growth? It is
:02:36. > :02:41.difficult to say at this point, we are still forecasting very much into
:02:42. > :02:46.the future. To give you a sense, we're looking at manufacturing and
:02:47. > :02:54.services sectors growing in double digits year over year. Traditional
:02:55. > :03:03.manufacturing sectors, up until last, were still facing deflation.
:03:04. > :03:06.The diverters between the sectors, new growth and traditional
:03:07. > :03:12.businesses, are actually quite stark. I think over time it will be
:03:13. > :03:20.a significant contribution. In other business headlines: Ahead
:03:21. > :03:25.of the second round of Brexit talks, the British Chancellor has told the
:03:26. > :03:29.BBC that businesses are holding off from investing in the UK because of
:03:30. > :03:34.concern about the exit. I think it is absolutely clear that businesses,
:03:35. > :03:37.where they had discretion over investment and they can hold off,
:03:38. > :03:41.they are doing so. You can understand why. They are waiting for
:03:42. > :03:45.more clarity about what the future relationship with Europe will look
:03:46. > :03:50.like. The way to get the economy moving, to restore business
:03:51. > :03:55.confidence and consumer confidence, is to give as much clarity as
:03:56. > :03:59.possible as early as possible, which is why I have been talking of the
:04:00. > :04:03.last four or five weeks of the importance of a transition
:04:04. > :04:07.arrangement. I believe the great majority of my colleagues now
:04:08. > :04:09.recognise that that is the right and sensible way to go, both in the UK
:04:10. > :04:21.and the European Union. Uber's biggest rival in Southeast
:04:22. > :04:28.Asia could be about to get a big financial injection. They could be
:04:29. > :04:33.seeing a $2 billion investment in the company. If it goes ahead, it
:04:34. > :04:41.would make Grabbed the most valuable start up in the region at $5 billion
:04:42. > :04:46.US. One company has decided to go on strike for the 50 year in a row over
:04:47. > :04:49.negotiations for better pay. They are making better plans for the
:04:50. > :04:56.staff walkouts. Property developers in Asia have not had an easy time
:04:57. > :05:00.over the past few years. From China to Singapore, governments have
:05:01. > :05:05.proposed initiatives to prevent property prices from inflating. It
:05:06. > :05:15.has worked, but has caused prices to become deflated. One in developer
:05:16. > :05:19.for opportunity in Nantes. In this week's To Minutes With, we speak to
:05:20. > :05:25.one executive. Yet another new building to add to
:05:26. > :05:29.the Singapore skyline. It is being put up I am Australian property
:05:30. > :05:37.developer. I am speaking to the CEO of Asia, Tony Lombard oh. Thank you
:05:38. > :05:41.for joining us. Here in Asia, you are looking to expand, but this
:05:42. > :05:44.comes after years of cooling measures being put in place by
:05:45. > :05:51.governments, trying to stop a property bubble. Why Asia? We have
:05:52. > :05:55.been in Asia for 44 years, we thought it was the right time for
:05:56. > :06:05.this project, which we brought back in 2015. Ultimately it stems from
:06:06. > :06:10.being a multigenerational company in this new and vibrant community. That
:06:11. > :06:15.is a bit of a challenge, because if you build it, will they necessarily
:06:16. > :06:27.come? The great thing is that we want a retail and residential cycle
:06:28. > :06:31.today, and we have seen are starting to pick up. We are pretty confident
:06:32. > :06:35.on the Singapore market. We think it is going to start turning and
:06:36. > :06:42.growing from this point on. The other thing you are doing is you are
:06:43. > :06:46.trying to target the elderly market, that is a problem in Asia. Tell us
:06:47. > :06:50.how you are doing that? In Australia, we are the largest owner
:06:51. > :06:56.and operator. It has been a core part of our business. China has a
:06:57. > :07:02.great need for singular living product. We will see a huge increase
:07:03. > :07:08.in people over 65 in China. They are aiming to really drive back to
:07:09. > :07:12.private industry. We feel there is a great opportunity for us to use our
:07:13. > :07:18.skill sets and bring our owner- operator approach to China. We do
:07:19. > :07:22.that interest rates are on the rise in the US and elsewhere. How is that
:07:23. > :07:26.going to impact your business? Globally we have been adjusting to
:07:27. > :07:31.that strategy for quite a while. Clearly for us as a business, we
:07:32. > :07:35.have been trying to diversify our portfolio and make sure we are
:07:36. > :07:49.taking the right opportunities at the right time to grow our portfolio
:07:50. > :07:56.internationally. Game of Thrones debuts its seven season tonight, and
:07:57. > :07:59.it has a huge following. Many of the iconic props used in the show were
:08:00. > :08:13.made in India. Over six seasons, television fans
:08:14. > :08:19.have seen Game of Thrones capture the imagination of millions of
:08:20. > :08:24.people. Far from the seven kingdoms, the costumes, is that an authentic
:08:25. > :08:31.armoury that feature in the show are serious business for a few firms in
:08:32. > :08:39.India. It is not just Game of Thrones. This man supplies props too
:08:40. > :08:44.many Hollywood productions, from the avengers and gladiator to the Star
:08:45. > :08:48.Wars franchise. It is only India and the subcontinent which has the art
:08:49. > :08:54.of hand embroidery. They can't get it in the West. That is why we do
:08:55. > :09:01.embroidery and we do anything that is very handmade, it is very period
:09:02. > :09:06.looking. I'm in heaven, I don't know where to begin. I have just spotted
:09:07. > :09:13.a prop from Gamer thrones, but nothing can beat John Snow. Here is
:09:14. > :09:19.my chance to try my hand at his cloak. It is fairly heavy, I don't
:09:20. > :09:28.know how he does it. I even have his sword. And what is John Snow without
:09:29. > :09:31.his trusty weapon? This is where his swords are made. The largest factory
:09:32. > :09:38.of its kind, located in the foothills of the Himalayas. They
:09:39. > :09:43.make every type of thought, from heavy steel to light titanium. It
:09:44. > :09:49.supplies two armies around the world, but it swords are not sold
:09:50. > :09:54.commercially in India. What we possess is only I would say, 2%.
:09:55. > :10:00.Sometimes it can stretch into 30%, it depends on the movie. But it is
:10:01. > :10:08.mostly seasonal. This army business is not seasonal. Is the details that
:10:09. > :10:17.make a story, live on the big screen. As long as the big battles
:10:18. > :10:21.go on, it means more business on the workflow here. -- these. Time for a
:10:22. > :10:35.quick look at the market is now. We are seeing some cautiousness
:10:36. > :10:38.among investors as they await the Chinese growth numbers later today.
:10:39. > :10:44.Thank you very much for investing your time with us. Have a product on
:10:45. > :10:51.Monday. -- productive Monday.