27/02/2018 Asia Business Report

Prime Minister, saying it

would safeguard jobs and living

Now on BBC News, all the latest

business news live from Singapore.

Day two of the world mobile Congress

in Barcelona. We find out what they

have to say about the US ban on its

product. New Zealand public finance

minister tells us what the GBP would

mean for the best TPB would mean for

the country's economy. Good morning,

Asia, and hello world. Clad you

could join us for this edition of

Asia business report. It is Tuesday,

and I am Rico he's on. We start off

with the world mobile Congress in

Barcelona today, and American

politicians have been accused of

barring the company from the US

market for commercial reasons.

Operators have been warned from

stalking him, mobile phones over

concerns that the company is too

close to the Chinese government. The

firm insists it's independent that

it's mobile boss told Rory Katlyn

Jones that they have big ambitions,

whatever happens in America.

Every

year, we have strong growth, every

year. We have a chance to be number

one, not far away.

You think you can

be number 11 date with global

smartphones?

For sure. We have a

chance.

What are the problems with

you achieving that, trying to get

into the United States market. You

are nowhere in the Dutch in the

united states market because

American politicians do not trust

you. Why do you think that is?

Because some guy, some political

things are trying to keep us out

because we are too competitive. We

have leading technology, so they

worry about that, we are too strong.

Is that why American politicians

want to keep you out, because you

are too competitive, or they worry

that you are too close to the

Chinese government?

They are trying

to say that, but we are actually

independent of the company, so those

political things, to keep us out...

You are one of the leading Chinese

companies in advancing artificial

intelligence. Is China going to be a

superpower in AI? One of the things

you are showing off this week is a

car with a phone in it, which is

basically making the autonomous car

work. What are you trying to

demonstrate there?

We are

demonstrating AI capability on a

smartphone, how AI on a smartphone

is really amazing. It is not smart

enough, the smartphone, and we hope

that in the future, and AIA

smartphone to be an intelligent

phone.

What is your prediction in

five years from now, will you

dominate the mobile phone industry,

and will it be in an American market

in a significant way?

I think both.

We can be number one globally.

He

was speaking to Rick Allen Jones. A

recent government report says New

Zealand could see $4 billion added

to the economy with a revised

transpacific partnership kicks in

later this year. Let us -- that is

welcome news for the New Zealand

economy, where growth is inspected

to slow out -- slow donated this

year. Earlier I spoke to the country

-- company's new finance minister, I

asked him if the TPB would make a

difference to the country's bottom

line.

I think the countries that

have stayed the course with New

Zealand, Canada, Chile, countries

like that, Singapore, they know that

there are good benefits for them in

this agreement. An actual effect for

some countries, the US withdrawal

means is area is easier to sign up

other areas. Buffer New Zealand, we

are a small country, a trading

nation, and we need agreements like

this to grow our prosperity.

But if

the United States was of the TPP,

this should be adding a lot more

cash into the coffers. Do you think

President Trump will ever change his

mind and rejoin TPP?

That is very

difficult to know the answer, but

what we are pleased about is a good

quality agreement has been signed by

11 countries. If the US wants to

come back and to the agreement at

some point in the future, that

remains possible, but we have an

agreement that will open up access

to markets for our exporters and

service providers, as it will for

other countries. It is a high

quality agreement now, and New

Zealand is proud to be a part of

the.

There is lots of talk will be

-- that the UK will be interested in

joining the revised TPP after

Brexit, are they welcomed?

All

countries who want to be part of the

agreement are welcome to be there.

We have to get it signed obviously

and ratified first, but New Zealand

is looking forward to discussing

with the UK a possible trade

agreement. It is important for New

Zealand to develop agreements with

the EU following Brexit, both are

important markets for our exporters.

Let's look at the New Zealand

economy, the new government is

taking a tough stance towards

immigration and property purchases

by foreigners. Would this second --

impact economic growth?

But we have

had for the last nine years is a

major housing crisis. New Zealand

has had high homeownership rates in

the past, we are many tens of

thousands of houses were of all we

need. So part of what we have done

is put in some new rules and

criteria around existing residential

housing, similar to the rules in

Australia, and we are putting them

in place now to ensure that New

Zealanders can buy their own homes.

What we still want our people coming

from countries around the world to

invest in building new housing and

supporting us to build our

infrastructure. We very much need

that kind of investment.

It was New

Zealand's finance Minister Greg

Roberson. China's top economic

adviser of drives into the USA today

to try to smooth tensions between

the two countries over trade.

Discussions between the White House

will take place as President Trump

continues this considers new tariffs

on Chinese steel imports. So what

kind of reception can he expect?

Is

likely to be quite frosty because we

have seen increasingly tough talk on

both sides. Not just that, on the US

side of talks, we have Robert light,

who is known to be a China hawk,

meaning he is very aggressive in the

stance towards China, and trying to

address trade imbalances. The US

side, the trust and believes there

has been more talk about reform and

not enough action to the dish to

address the fact that China has a

huge trade surplus with America, and

they want to narrow that. Now the

man traveling is hopefully the right

person to smooth over -- over these

tensions, because he is very senior.

He is a trained at Harvard

economist, he is also a very trusted

confidant of President seizing ping,

and China's annual meeting, he is

inspected to be promoted to vice

Senior Premier. According to

Reuters, he is also the front runner

to be the next governor of China's

Central Bank after the current

governor -- Governor retires. There

is a lot more for him destined to

discuss, including the possibility

of the US putting new tariffs on

Chinese steel, as well as this fight

over intellectual property practices

in China. So lots for them to talk

about.

China and the US are always

at loggerheads in many ways --

issues. They you for the update. A

few years ago, it was revealed that

North Korea had just a handful of

websites, and minimal

infrastructure. A new report from

cyber security firm fire eyes

suggests that has not stopped the

country from making trouble.

Business reporter Monica Miller

spoke to Bryce Bolton, the firm's

Asia-Pacific -- chief officer, who

told her the hackers from the hermit

state are becoming more

sophisticated.

You do not need to

have a massive investment in

informational warfare to be very

effective. In North Korea, to

recognize that a decade ago, and

started investigate that investing

in their cyber warfare. What we're

seeing today is the fruits of their

investment.

Are there third parties

involved? Are the North Koreans

working with another country or

individuals or corporations to make

this all happened?

It is clear that

they are able to learn from what

other countries have been doing, and

they have had relationships in the

past with China and Russia, and they

may well be also using relationships

with ironic, also an emerging cyber

power over the last few years.

You

are describing something that flies

under the radar, it if it is tough

to detect, what are signs that your

computer has been impacted.

Today,

you have two modes of operation for

attackers, a targeted attack going

under the radar to steal information

that could be used for your

advantage in informational warfare,

but we also now have crypto

currencies, creating a massive

opportunity for countries like North

Korea to extract value from

computers anywhere in the world,

they can turn this computers into

crypto currency minors, and use

those to extract money from the

compute power that they have

co-opted. There is a term for this

called crypto jacking, and it is

becoming a new nuisance for

organizations, and what you are

seeing with crypto jacking is your

CPU system will... That is

relatively easy to find and easy to

stop.

Let's look at the Asian stock

markets, currently all headed north.

After major gains on Wall Street

overnight. Thank you so much for

investing your time with us, I am

Rico Hizon, sport today is