:00:00. > :00:00.BBC World News. Now for the latest financial news with World Business
:00:00. > :00:20.The end of cheap labour — wages could quadruple in China within
:00:20. > :00:25.The end of cheap labour — wages decades, signalling huge changes for
:00:25. > :00:37.Plus, ringing the closing bell on Abenomics win over Wall Street?
:00:37. > :00:46.Welcome to World Business Report. I'm Maryam Moshiri. Also in the
:00:46. > :01:01.medicines, and what can be done factory of the world. Could it day
:01:01. > :01:08.if in doubt well be numbered? The advanced economies is closing fast.
:01:08. > :01:09.Average monthly pay in China will rise by almost 300% within two
:01:09. > :01:27.in the UK and the US may only go up by one third. What will that mean in
:01:27. > :01:38.The jobs people can find and what they can earn is not just it take
:01:38. > :01:49.individual family fortunes. One thing this report is saying is that
:01:50. > :01:52.the narrowing age gap me —— may improve the standard. Some locations
:01:52. > :02:13.may be priced out a newer arrivals. By 2030, Chinese wages could be
:02:13. > :02:17.customers they're. But the place may be too pricey to make things. The
:02:17. > :02:22.Philippines may be 243% higher, be too pricey to make things. The
:02:22. > :02:30.still relatively low. South East Asia will remain an is based. Polish
:02:30. > :02:36.wages may also be higher. But its closeness to the EU markets could
:02:36. > :02:38.make it a winner. Turkey is also well placed it is government stays
:02:38. > :02:46.stable. It is all a warning that as stable. It is all a warning that as
:02:46. > :03:16.some poorer countries, 50% of the Counterfeit drugs have become a
:03:16. > :03:17.some poorer countries, 50% of the drugs sold could be fake. Experts
:03:17. > :03:21.from the World Health Organisation, drugs sold could be fake. Experts
:03:21. > :03:21.from the World Health Organisation, the drugs industry, and medical
:03:21. > :03:30.discuss the problem. This professor the drugs industry, and medical
:03:31. > :03:39.drugs so dangerous? What are the Joynes asked. —— joins us. Lots
:03:39. > :03:43.drugs so dangerous? What are the health implications. Festival, you
:03:43. > :03:49.may not be taking drugs that can cure the condition. —— first of
:03:49. > :03:49.may not be taking drugs that can Secondly, you may be taking drugs
:03:49. > :03:54.that are toxic. The ingredients Secondly, you may be taking drugs
:03:54. > :04:06.kill you. Third and probably the greatest, is when you are taking
:04:06. > :04:17.could get the emergence of anti— biotic resistance. It is in drug
:04:17. > :04:23.something about that. For them it is about money. That is right. There
:04:23. > :04:24.are four group of drugs. There is legitimate market where the drugs
:04:24. > :04:32.work and are produced according legitimate market where the drugs
:04:32. > :04:35.the standards. The second is you have the proper drugs that are being
:04:35. > :04:39.diverted into the black market. have the proper drugs that are being
:04:39. > :04:43.other areas are where the drugs have the proper drugs that are being
:04:43. > :04:49.made properly, perhaps, but they have expired. The issue we are most
:04:49. > :04:56.concerned about are those people who are deliberately making drugs that
:04:56. > :05:03.the film in the 1940s, with the they know will not work. Think about
:05:03. > :05:04.the film in the 1940s, with the manufacture of penicillin. What
:05:04. > :05:06.the film in the 1940s, with the being done about this problem? It is
:05:06. > :05:10.not just developing countries. It is not just developing countries. It is
:05:10. > :05:19.the US. We have globalised trade on moving into countries like the UK,
:05:19. > :05:19.the US. We have globalised trade on purchase drugs from wherever. Viagra
:05:19. > :05:32.Internet spam. That is one of the purchase drugs from wherever. Viagra
:05:32. > :05:39.your own country and the whole chain complicated. In the past you may
:05:39. > :05:47.all over the place. It is easier or would you within your own country.
:05:47. > :05:55.all over the place. It is easier or falsified drugs to get into the
:05:55. > :06:01.supply chain. Thank you. Japan's Thai minister is in the US this
:06:01. > :06:03.supply chain. Thank you. Japan's to attend the UN General Assembly.
:06:03. > :06:29.just here at the New York Stock Exchange, but also on Japan's lost
:06:29. > :06:33.decade. The country's economy has barely grown since the early 90s.
:06:33. > :06:47.That is changing, according to the Prime Minister. Japan is back.In a
:06:47. > :06:53.says his economic policy is working. He is about to take questions from
:06:53. > :06:58.American ambassadors. He has been Economic figures seem to support
:06:58. > :07:05.this. It grew much quicker than Economic figures seem to support
:07:05. > :07:10.peers including the US. But not Economic figures seem to support
:07:10. > :07:14.concern is that we have had six fast, says this economist. One
:07:14. > :07:16.concern is that we have had six recessions in 20 years. It means
:07:16. > :07:27.unclear, exactly, how long it will they have had six recoveries, just
:07:27. > :07:31.last beyond a few quarters. At least last beyond a few quarters. At least
:07:31. > :07:39.the Japanese have some in to look the 2020 Olympics. It is another
:07:39. > :07:41.reason why they pay minister says the 2020 Olympics. It is another
:07:41. > :07:56.It looks like the Hong Kong stock investors should be optimistic about
:07:56. > :08:04.exchange has lost out on the against flotation since Facebook. Tell us
:08:04. > :08:12.It is the big Chinese e—commerce company. They're pursuing a stock
:08:12. > :08:18.offering in New York. The loss of estimated to be worth more than
:08:18. > :08:25.offering in New York. The loss of billion US, is a blow to the Hong
:08:25. > :08:28.Kong stock exchange. Media agencies as saying negotiations broke down
:08:28. > :08:32.after regulators decided not to as saying negotiations broke down
:08:32. > :08:37.construction of the company and as saying negotiations broke down
:08:37. > :08:47.allow executives to retain control of the board. Why the US? Regulators
:08:47. > :08:50.traditional dual class of stock structure, are used by companies
:08:50. > :08:54.such as Facebook and Google. It allows founders and management have
:08:54. > :08:59.more voting rights than traditional shareholders. If this listing does
:08:59. > :09:21.materialise on Wall Street, it would be a dogfight between rival trading
:09:21. > :09:26.settlement over its role in selling investment. According to several
:09:26. > :09:31.ports, the deal could be announced as early as today. The pay—out would
:09:31. > :09:36.be the latest legal blow for the Jacob Lew has warned Congress that
:09:36. > :09:45.country's borrowing limit. The US Jacob Lew has warned Congress that
:09:45. > :09:45.country's borrowing limit. The US government reached its debt limit in