Browse content similar to 21/03/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Sally Bundock | :00:07. | :00:09. | |
President Obama gets ready for crucial talks on his historic | :00:10. | :00:18. | |
Live from London, that's our top story on Monday, 21st March. | :00:19. | :00:35. | |
Mr Obama's visit is an important step in the normalisation | :00:36. | :00:37. | |
But how far can the two sides go in deepening trade ties. | :00:38. | :00:44. | |
Also in the programme: the Prime Minister of Cambodia has | :00:45. | :00:47. | |
And European stocks open lower as the oil price drags commodity | :00:48. | :00:53. | |
And we'll be meeting the man who says he's come up | :00:54. | :01:03. | |
with a revolutionary way of mapping our world. | :01:04. | :01:05. | |
Ian Hetherington was a pioneer of the gaming industry - | :01:06. | :01:07. | |
now he's firmly focused on 3D mapping technology but is this | :01:08. | :01:10. | |
And today we want to know how do you go about boosting your | :01:11. | :01:20. | |
What do you think about buying "likes" or "followers". | :01:21. | :01:23. | |
President Obama has arrived in Havana - | :01:24. | :01:45. | |
the first US presidential visit to Cuba in 88 years. | :01:46. | :01:47. | |
Mr Obama will meet President Raul Castro later today and then speak | :01:48. | :01:51. | |
at an event focused on entrepreneurship. | :01:52. | :01:56. | |
US-Cuba ties were frozen in 1960, when the US broke off diplomatic | :01:57. | :01:58. | |
relations and imposed a trade embargo after Cuba's revolution | :01:59. | :02:01. | |
It's estimated the trade embargo has cost the Cuban economy 1.1 | :02:02. | :02:14. | |
Obama normalised diplomatic and economic ties in December 2014 | :02:15. | :02:18. | |
but the embargo cannot be fully lifted without approval | :02:19. | :02:21. | |
Yesterday, the US hotel company Starwood became the first American | :02:22. | :02:26. | |
firm to agree a deal with the Cuban authorities since the revolution | :02:27. | :02:31. | |
of 1959, agreeing to spend millions renovating hotels in Havana. | :02:32. | :02:36. | |
Many in Cuba now hope the country is on the verge of a new economic | :02:37. | :02:39. | |
era and it's estimated that between 20 and 30 percent | :02:40. | :02:42. | |
of the workforce is now privately employed in the communist state. | :02:43. | :02:47. | |
As part of the Obama administration's attempt | :02:48. | :02:53. | |
to normalise trade relations with Cuba, regular airline service | :02:54. | :02:55. | |
between the two countries is set to be introduced. | :02:56. | :03:07. | |
Speaking to Jon Sopel, JetBlue's CEO said the competition | :03:08. | :03:09. | |
among with his rivals for the new routes was unprecedented. | :03:10. | :03:14. | |
At the moment you have the odd charter flight going in there. When | :03:15. | :03:20. | |
you think about the potential for Cuba and | :03:21. | :03:21. | |
become the largest market in the Caribbean. That is all very well but | :03:22. | :03:32. | |
is there the infrastructure to run it? Infrastructure will have to be | :03:33. | :03:36. | |
expanded. If we think about hotels, the Hotels in Cuba are pretty good. | :03:37. | :03:43. | |
There will have to be some new hotels being built. | :03:44. | :03:49. | |
Economist Cornelia Meyer joins us now. | :03:50. | :03:54. | |
A massive day in the sense that a US president is in Cuba now, | :03:55. | :04:00. | |
doing speeches and touring around. It has not happened in 88 years. It | :04:01. | :04:09. | |
is quite unprecedented. What is really important here is the | :04:10. | :04:13. | |
business story. Not unlike Iran, there is a | :04:14. | :04:14. | |
Given that there is a lot of tourism interest, the Starwood deal is | :04:15. | :04:28. | |
important. The Cubans drive around in these very old American cars will | :04:29. | :04:30. | |
stop think about the smaller cars which could | :04:31. | :04:38. | |
go in, also the Volkswagens of this world. Once the US lifts sanctions, | :04:39. | :04:43. | |
everyone else follows. Think about what it means from the financial | :04:44. | :04:47. | |
industry. They have been cut off from a real payment system. Coming | :04:48. | :04:52. | |
back onto the visa system, onto the credit card systems, is very | :04:53. | :04:57. | |
important. You see Silicon Valley firms going in there, already saying | :04:58. | :04:59. | |
let us help you with the to set up accounts in the US. Very | :05:00. | :05:09. | |
similar to Iran, the embargo is not fully lifted, there | :05:10. | :05:09. | |
is a long way to go, US Congress has two | :05:10. | :05:13. | |
pass the whole process and that in itself is not an easy road, is it, | :05:14. | :05:19. | |
given the fact that we have an election year, it is an | :05:20. | :05:26. | |
electioneering process right now, when will that take place? To be | :05:27. | :05:30. | |
realistic, it may be after November. Right now, the Democrats do not have | :05:31. | :05:37. | |
a majority in either house, so it will not be that easy. | :05:38. | :05:41. | |
A lot of the Republicans are financed by people with strong ties | :05:42. | :05:52. | |
to Florida which has a lot of right-wing Cuban exile is. Which | :05:53. | :05:53. | |
side they will come out on So we might see a situation where | :05:54. | :05:56. | |
the US Congress might decide on this after we have the presidential | :05:57. | :06:07. | |
elections. Whoever is the next US president might not want to do this | :06:08. | :06:11. | |
because they all have different stances on Cuba, but even if this | :06:12. | :06:16. | |
does get past, if we have a president who is pro-Cuba, even if | :06:17. | :06:22. | |
this does get passed by Congress, do you think the Cubans themselves are | :06:23. | :06:26. | |
ready to seize this opportunity? It is clear the outside world is | :06:27. | :06:27. | |
looking to invest, but are they going to take | :06:28. | :06:33. | |
advantage? They will absolutely take advantage. A lot of them are | :06:34. | :06:39. | |
privately employed. The GDP is quite stagnant. It is $68 billion. You | :06:40. | :06:45. | |
have a good population pyramid, where the majority of the | :06:46. | :06:47. | |
people are somewhere between 15 and 65. | :06:48. | :06:51. | |
So you do have a lot of people who need to earn a living and would | :06:52. | :06:55. | |
like to earn a better living and economic needs always will help | :06:56. | :07:06. | |
tendencies like more business. Cornelia, it has been great to have | :07:07. | :07:11. | |
you on the show. Thank you for your input. This is a story we are right | :07:12. | :07:13. | |
across on the BBC. China's Central Bank governor | :07:14. | :07:18. | |
Zhou Xiaochuan says the amount of money being taken out | :07:19. | :07:26. | |
of the country is falling. Capital outflow has been a major | :07:27. | :07:29. | |
concern as China struggles to try and reassure investors | :07:30. | :07:31. | |
that it still has grip Fifa has announced China's Wanda | :07:32. | :07:33. | |
Group as the organisation's The move comes a day after Fifa | :07:34. | :07:37. | |
revealed a reported loss of $122 million for 2015 - | :07:38. | :07:40. | |
its first negative result Lots of stories on the business live | :07:41. | :07:43. | |
page. Apple is expected to launch a smaller phone today. This was a way | :07:44. | :08:11. | |
of Apple coming at the other end of the smartphone market. It is one of | :08:12. | :08:15. | |
the most expensive and that is the issue. When you have got one, you do | :08:16. | :08:20. | |
not want to upgrade that soon when it costs that much money. You get | :08:21. | :08:24. | |
into a pattern where you are you just get the upgrade and then they | :08:25. | :08:28. | |
bring another one out. It is thought the smaller phone will have the same | :08:29. | :08:30. | |
sort of features as the iPhone six. Oil | :08:31. | :08:47. | |
prices today, we will talk about oil later but it is still in the news as | :08:48. | :08:49. | |
ever. Now it was a shocker | :08:50. | :08:53. | |
of a start to the week Yes prices plunged after some | :08:54. | :08:55. | |
pretty extraordinary news Ali Moore is in our Asia | :08:56. | :08:59. | |
Business Hub in Singapore. What is going on? It has been a very | :09:00. | :09:08. | |
dramatic day in Australian politics. I have to say this whole political | :09:09. | :09:25. | |
drama has got a long way to go. The problem for the Australian | :09:26. | :09:28. | |
Conservative government is it cannot get a lot of what it sees as key | :09:29. | :09:32. | |
reforms through the upper house of parliament. A whole series of minor | :09:33. | :09:34. | |
parties and the balance of power. The Prime Minister has decided to | :09:35. | :09:40. | |
make particular set of Labour reforms the litmus test. He said he | :09:41. | :09:46. | |
will dissolve both Houses of Parliament and he will | :09:47. | :09:50. | |
call an early election. On the one side there is the negative of all of | :09:51. | :09:56. | |
this uncertainty that will happen between now and | :09:57. | :09:57. | |
April, and if indeed the legislation is not back, then the legislation in | :09:58. | :10:04. | |
July. On the positive, if you take a long-term view, it | :10:05. | :10:06. | |
Chinese markets started the week on a positive note, | :10:07. | :10:17. | |
despite warnings over the weekend about the high level of corporate | :10:18. | :10:19. | |
lending and the risks it poses to the economy. | :10:20. | :10:23. | |
Japan's equities and bond markets were shut for the vernal | :10:24. | :10:26. | |
This is how the trading day is opening up across Europe. | :10:27. | :10:37. | |
Michelle Fleury has the details about what's ahead | :10:38. | :10:39. | |
US investors go into a shortened trading week this Monday, with one | :10:40. | :10:55. | |
central prop of the American economy firmly in | :10:56. | :10:56. | |
sight, housing. The National Association of Realtors | :10:57. | :10:59. | |
count of existing home sales, which means all the homes sales accept | :11:00. | :11:08. | |
newly built properties. It is perhaps the broadest gauge of the | :11:09. | :11:10. | |
health of the housing market and last week's number surprised | :11:11. | :11:16. | |
everyone by how strong it was. Maybe the US recovery is built on strong | :11:17. | :11:20. | |
foundations after all. Everyone is looking for this month to be another | :11:21. | :11:24. | |
strong one, with forecasts set to rise again. If they disappoint, the | :11:25. | :11:29. | |
markets could react badly. Joining us is Trevor Greetham, head | :11:30. | :11:39. | |
of multi-asset A start of a new trading week, oil | :11:40. | :11:51. | |
prices down, China in the news for good and bad reasons. Your thoughts? | :11:52. | :11:56. | |
There has been some economic data with the manufacturing data | :11:57. | :12:00. | |
tomorrow. I think everyone is trying to digests the central bank meetings | :12:01. | :12:03. | |
we have had this month, the extra money printing we have had from the | :12:04. | :12:06. | |
European Central Bank and also the fact that America's Federal Reserve | :12:07. | :12:12. | |
seems to have gone soft on interest rate rises. What we are trying to | :12:13. | :12:16. | |
get our heads around is whether we will see this roller-coaster we have | :12:17. | :12:20. | |
seen over the last year, where every time the world economy feels strong | :12:21. | :12:24. | |
enough, and the markets are upbeat enough, China says we will have some | :12:25. | :12:29. | |
of that growth. They devalue that currency and sent shares into a | :12:30. | :12:33. | |
tailspin. We have seen that twice now. It happened last summer and the | :12:34. | :12:37. | |
first trading week of this year. What will determine whether we can | :12:38. | :12:41. | |
break out of this repeating pattern or not is whether China can show | :12:42. | :12:45. | |
some stronger growth and whether manufacturing can pick up. There are | :12:46. | :12:50. | |
some positive sides and that is what we are watching. | :12:51. | :13:01. | |
We had the resignation of the former party leader Iain Duncan Smith and | :13:02. | :13:05. | |
that has reignited some of the debate here in Britain over | :13:06. | :13:07. | |
austerity and the pace of it. We were talking about Jude 20 nations | :13:08. | :13:09. | |
and the fact that the global economy is slowing down and perhaps | :13:10. | :13:10. | |
it is time to loosen the austerity reigns | :13:11. | :13:17. | |
a little bit and let the economy breeds, not so Britain. Why are we | :13:18. | :13:20. | |
seeing this disconnect? Shanghai and people said we would | :13:21. | :13:26. | |
all do our bit to try and boost the strength of the world | :13:27. | :13:28. | |
economy through monetary policy and fiscal economy, and then George | :13:29. | :13:33. | |
Osborne came back and said there were storm clouds gathering and we | :13:34. | :13:37. | |
had to cut spending which is the opposite of what the joint statement | :13:38. | :13:41. | |
was saying. It does feel that there is something going on here. It is | :13:42. | :13:47. | |
called a referendum, isn't it? It is may be partly the referendum but | :13:48. | :13:51. | |
also a desire to have a Budget surplus in | :13:52. | :14:02. | |
2020 in this country. It means every time growth is weaker than you | :14:03. | :14:06. | |
expect, tax revenues drop and you think you should cut spending. But | :14:07. | :14:08. | |
you have to be concerned whether this will weaken the economy. Thank | :14:09. | :14:10. | |
you. Still to come: We'll be meeting | :14:11. | :14:12. | |
the man who says he's come up with a revolutionary | :14:13. | :14:15. | |
new mapping system - You're with Business | :14:16. | :14:16. | |
Live from BBC News. The Confederation of | :14:17. | :14:19. | |
British Industry has published a report warning about the economic | :14:20. | :14:21. | |
risks from Britain leaving the EU. Anti-EU campaigners have | :14:22. | :14:24. | |
dismissed the report. Ben Thompson is our Salford studio | :14:25. | :14:27. | |
and has been following the story. Controversial as ever, tell us more. | :14:28. | :14:52. | |
The CBI has put a figure on leaving the EU, it says the cost of ?1 | :14:53. | :14:58. | |
billion and a million jobs would be lost. They have been criticised | :14:59. | :15:03. | |
already. I have been speaking to Vote Leave. They say these are the | :15:04. | :15:08. | |
worst case scenarios and based on flawed assumptions. First up this | :15:09. | :15:12. | |
morning, I spoke to the CBI boss and I put it to her that the report says | :15:13. | :15:16. | |
the economy would still keep on growing, even if the UK does vote to | :15:17. | :15:21. | |
leave the EU. This is what she told me. | :15:22. | :15:29. | |
The question is whether we would sacrifice jobs for leaving. The | :15:30. | :15:35. | |
comparison is what we would have had otherwise and that is ?100 billion | :15:36. | :15:40. | |
lower according to this model in 2020. Unemployment rising from 5% to | :15:41. | :15:45. | |
between seven and 8%. These are the costs of the economy compared with | :15:46. | :15:47. | |
staying in. EeGeo Vote Leave point out that the | :15:48. | :15:56. | |
CBI was vocal in encouraging the UK to join the euro and we know how | :15:57. | :16:02. | |
that turned out. They say it is based on flawed assumptions that | :16:03. | :16:05. | |
they are the worst case scenarios and reality would be better. This is | :16:06. | :16:10. | |
what Vote Leave told me earlier. If you read the report it states that | :16:11. | :16:13. | |
the economy will continue to grow even on the worst case assumption, I | :16:14. | :16:18. | |
don't accept their assumptions. Even at the worst case assumption the | :16:19. | :16:22. | |
economy will still grow and in the medium-term, we are going to create | :16:23. | :16:25. | |
according to their report three million more jobs. So not only are | :16:26. | :16:29. | |
they saying that on the worst scenario, it the economy is going to | :16:30. | :16:33. | |
grow, we are going to create more jobs. I don't understand where they | :16:34. | :16:37. | |
are coming from. What I put to both of them that all of this is an | :16:38. | :16:41. | |
educated guess, it is unprecedented that a country left the European | :16:42. | :16:44. | |
Union and so for all the modelling and all the predictions and all the | :16:45. | :16:48. | |
forecasts, this at best, is an educated guess. | :16:49. | :16:58. | |
Our top story: President Obama is to hold talks with his Cuban | :16:59. | :17:02. | |
counterpart on his historic visit to Havana. | :17:03. | :17:05. | |
Trade is expected to be a major topic of discussion. | :17:06. | :17:11. | |
More on the website. The first time this happened in 88 years. | :17:12. | :17:17. | |
Now let's get the Inside Track on the world of location mapping. | :17:18. | :17:20. | |
Our next guest thinks he's managed to find a revolutionary way | :17:21. | :17:23. | |
of integrating 3D mapping into smartphone apps. | :17:24. | :17:28. | |
EeGeo offers a unique mapping system which aims to give an immersive view | :17:29. | :17:31. | |
The platform covers 200 million square kilometres and operates | :17:32. | :17:34. | |
using a sliding scale monthly licence fee depending | :17:35. | :17:36. | |
The CEO of eeGeo, Ian Hetherington, joins | :17:37. | :17:42. | |
Thank you for coming in. Good to see. We have tried to explain it! | :17:43. | :17:53. | |
Why don't you talk us through how it works. We have built a 3D map of the | :17:54. | :17:59. | |
world outside and inside and users can transition between the outside | :18:00. | :18:03. | |
view of the world similar to your dabbing drop here into buildings and | :18:04. | :18:08. | |
into rooms, offices, and locate themselves anywhere in the world. | :18:09. | :18:14. | |
Why would I need a 3D map? If I have got Google Maps and I'm confident | :18:15. | :18:20. | |
with it... And it is free. Why do I need your maps? It is about | :18:21. | :18:25. | |
visualisation and orientation, how many times have you got lost in a | :18:26. | :18:29. | |
shopping mall? How many times have you wondered where you are in an | :18:30. | :18:33. | |
airport or museum or out on the street? How many times do you I see | :18:34. | :18:37. | |
people come out of the Tube station with a mobile phone wondering where | :18:38. | :18:41. | |
they are and which way they are facing? Those are the problems we | :18:42. | :18:45. | |
solve. Surely the future for this company is not going to be about | :18:46. | :18:50. | |
mapping the outdoors, but mapping indoors, places like museums, if | :18:51. | :18:55. | |
you're mapping banks and shops, offices for example, aren't you | :18:56. | :18:58. | |
going to run into problems with Government intelligence agencies | :18:59. | :19:00. | |
with police forces around the world because you are effectively giving | :19:01. | :19:04. | |
criminals, you know, an online recognisy. They don't even need to | :19:05. | :19:10. | |
go in to find the best ways to get in or out of a building would be? I | :19:11. | :19:14. | |
don't think we are providing any information that's not in the public | :19:15. | :19:20. | |
domain anyway. Well, it would be. The way we combat that problem | :19:21. | :19:23. | |
because we have customers who have concerns about these sorts of | :19:24. | :19:28. | |
things. Basically, it is like being on your network inside the BBC. So | :19:29. | :19:33. | |
the security is at that level and not at our level. The security would | :19:34. | :19:36. | |
be with the buildings themselves? Absolutely. We have customers with | :19:37. | :19:42. | |
sensitive information who, but see the value in our proposition. So if | :19:43. | :19:48. | |
you look at customers like NTT and Sisco, they are providing solutions | :19:49. | :19:52. | |
to some very, very advanced businesses and we have that problem. | :19:53. | :19:56. | |
Also you have got customers like Disney for example, Walt Disney and | :19:57. | :20:01. | |
those organisations. Your customers really are businesses, aren't they? | :20:02. | :20:05. | |
Yes. This is a business to business idea? It is at the moment. We are | :20:06. | :20:11. | |
relying on piggy backing their business proposition, it means | :20:12. | :20:16. | |
something to their consumers. But later in the year we will be going | :20:17. | :20:22. | |
to the consumers directly. You have to accumulate an enormous amount of | :20:23. | :20:25. | |
data which you are doing and you have done various countries in the | :20:26. | :20:28. | |
world, but in terms of the time it takes and the expense, are you, you | :20:29. | :20:32. | |
are a private company, are you actually covering your costs at this | :20:33. | :20:36. | |
point, where are you at? So, you look at a solution like Google w I | :20:37. | :20:42. | |
respect, but they are spending billions of dollars a year. We are a | :20:43. | :20:45. | |
company of 25 people. Highly talented people, so we have to solve | :20:46. | :20:50. | |
that problem in a different wail. So we take data from many, many sources | :20:51. | :20:54. | |
and it doesn't matter to us what form it comes in, our technology | :20:55. | :21:02. | |
turns that into this streamable, straight... What is stopping Google | :21:03. | :21:08. | |
click of a switch? You are out of click of a switch? You are out of | :21:09. | :21:12. | |
business, aren't you? Well, I like to think not because if you look at | :21:13. | :21:17. | |
a company like NTT they chose us and they chose us for a good reason. We | :21:18. | :21:22. | |
have got the validation from the commerce sector and we have got | :21:23. | :21:24. | |
validation from consumers. They just love it. All right, we will watch | :21:25. | :21:29. | |
this space. Thank you for coming and we shall keep an eye on how you | :21:30. | :21:31. | |
progress. When is a like on Facebook a real | :21:32. | :21:34. | |
like and when has it been bought? That's a question being asked | :21:35. | :21:38. | |
on social media in Asia this week with the Prime Minister of Cambodia, | :21:39. | :21:45. | |
Hun Sen, forced to deny he has That's because the leader | :21:46. | :21:48. | |
of the relatively small Asian nation That's in a country with an internet | :21:49. | :21:51. | |
penetration rate of just 9%. That compares to | :21:52. | :21:58. | |
the UK, for example, where Prime Minister David Cameron's | :21:59. | :22:01. | |
Facebook page has a mere one million likes, even though the UK has | :22:02. | :22:04. | |
a hefty internet Thousands of likes can be purchased | :22:05. | :22:06. | |
for just a few dollars and it's becoming a growing issue | :22:07. | :22:11. | |
across social media platforms. Trevor is back. This is a story we | :22:12. | :22:28. | |
mentioned at the start of the programme, what would you do to | :22:29. | :22:32. | |
boost your presence on social media? Trevor, is it something that keeps | :22:33. | :22:35. | |
you a wake at night? Not really, no. I'm someone who | :22:36. | :22:40. | |
doesn't know how to use it. It is phenomenal the thought that people | :22:41. | :22:44. | |
can buy millions of likes when you think about the fact that | :22:45. | :22:48. | |
advertising revenue follows, popular artists, popular brands. The three | :22:49. | :22:52. | |
million was a problem there, wasn't it? Tipped it over the edge. Let's | :22:53. | :22:58. | |
look at the other stories. Victoria is rejoining us on the set. Let's | :22:59. | :23:06. | |
start with Dyson, Sir James Dyson investing ?1 billion into making | :23:07. | :23:11. | |
batteries better. Why is he going to achieve this when with elon Mus k | :23:12. | :23:16. | |
ploughed millions of dollars on this? He is the man who brought you | :23:17. | :23:22. | |
vacuum cleaners with the smiley face on the side. Bagless vacuum | :23:23. | :23:29. | |
cleaners. I have a three-year-old son and I was fixing one of his toy | :23:30. | :23:34. | |
trains and I was thinking when I was three in 197 #1rks the batteries | :23:35. | :23:38. | |
were identical, in smartphones you have got dense energy storage, but | :23:39. | :23:43. | |
batteries haven't come on and if you can make some kind of improvements | :23:44. | :23:47. | |
in this direction, then it will be, it will mean much longer distances | :23:48. | :23:51. | |
for electric cars and it will mean microgeneration at home makes more | :23:52. | :23:55. | |
sense because part of the problem is putting it back across electric | :23:56. | :23:59. | |
wires and losing the energy. It is about the size and the weight, isn't | :24:00. | :24:03. | |
it? If they can be small and light and really powerful, you are on to a | :24:04. | :24:07. | |
real winner, aren't you? If he gets this right, he will hoover up! | :24:08. | :24:13. | |
Very good! Hoover are a separate company and it | :24:14. | :24:18. | |
is trademarked as well. This is something we were alluding | :24:19. | :24:25. | |
to in the market, the people's bank of China governor warning the | :24:26. | :24:29. | |
country's corporate debt is too high. Corporate debt has risen to | :24:30. | :24:38. | |
230%. Why do these things matter and which should we be more concerned, | :24:39. | :24:41. | |
the level of corporate debt or level of total? Well, I think the | :24:42. | :24:45. | |
corporate debt is the biggest concern at the moment but the things | :24:46. | :24:51. | |
that China can do about that, they can basically force banks to swap | :24:52. | :24:58. | |
bad loans and bad debt into equity, banks forced to raise more equity, | :24:59. | :25:02. | |
that would take a lot of the debt levels down and the Government could | :25:03. | :25:05. | |
take on more debt as well. The reason the markets haven't really | :25:06. | :25:09. | |
reacted, this has been a gradually growing problem and at the margin, | :25:10. | :25:15. | |
the news out of China is better, the Trade Minister said the March trade | :25:16. | :25:18. | |
numbers would be better, house prices are starting to go up. Also | :25:19. | :25:23. | |
also, household debt is very, very low in China. They save more. They | :25:24. | :25:29. | |
are more, I wouldn't say savvy is necessarily the word, but more | :25:30. | :25:32. | |
cautious about their money. A form of savings rather than borrowing, | :25:33. | :25:37. | |
you don't borrow to do that. Trevor, thank you for joining us today. | :25:38. | :25:42. | |
There will be more business news throughout the day on the BBC Live | :25:43. | :25:47. | |
webpage and on World Business Report. | :25:48. | :25:48. | |
Well, the weekend was pretty quiet at least on the weather front and as | :25:49. | :26:14. | |
far as president weather goes for the next few days, there is really | :26:15. | :26:18. | |
not much change, lots of dry weather, a bit of sunshine, clouds | :26:19. | :26:24. | |
too. Towards the end of the week, the weather fronts we are seeing | :26:25. | :26:25. |