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tv   Asia Business Report  BBC News  June 11, 2019 1:30am-1:45am BST

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hello. i'm kasia madera with bbc news. our top story: donald trump is defending his deal with mexico over migration. the border agreement meant the us held off imposing tariffs on mexico. the us secretary of state called the deal "diplomacy at its finest" and a "significant win for the american people". a helicopter has crashed into a 54—storey building in manhattan in poor visibility, killing one person, believed to have been the pilot. no—one else was injured. the city authorities are checking whether the privately—owned aircraft had been cleared to fly in the area. and celebrities flexing their muscles has caught people's attention on our website. justin bieber has challenged tom cruise to a ufc—style cage fight. in a tweet, the 25—year—old singer said the hollywood actor would "never live it down" if he turned down the fight. yes, apparently that is what he said. do stay with us on bbc news.
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and a story from here in the uk to bring you. free tv licences for up to 3.7 million pensioners are being scrapped as the bbc moves to charge most over 75s for its services. now on bbc news live to singapore for asia business report. we stand naked in front of the world, while a's plea of innocence to british mps. donald trump's trade was. our view is present‘s rates are impacting us businesses. —— trade wars. good morning, asia, hello, world. it isa good morning, asia, hello, world. it is a tuesday for an action packed edition of asia business report. . let us begin with huawei after it faces scrutiny after the us called upon its allies to boycott the
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telecommunications giant. the uk is currently reviewing whether or not to allow the firm to supply equipment for its id network. on monday huawei's cyber security chief was held by an influential panel of british mps. i am joined by mariko oi. was he able to convince the british mps? that is the big question, rico. it did get very heated for a british committee. the quy heated for a british committee. the guy in the hot seat was on suffolk. he has numerous questions over allegations that the company's equipment could be used by the chinese government to spy on its customers. huawei has denied the allegation saying that there is hysteria in the us about the rise of chinese influence. mr suffolk denied the link with beijing's. we have never been asked by the chinese government, or any other government, and my dad, to do anything to weaken security. we stand naked in front of the world. and it may not be a
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pretty sight all the time, but we would prefer that, because it improves our products are. at one point he was even accused of being a moral vacuum by one of the mps. but the message from huawei has always been clear, that the uk and other countries should make decisions based on their own national interest. but huawei wasn't exactly a household name before this, was it? in case you are wondering how big huawei is, as you can see here it actually makes more phones than apple and is considered a world leading provider of next generation five generation technology. last december the chief financial, who was the daughter of the founder, was arrested in canada upon the us's request just as the arrested in canada upon the us's requestjust as the trade war between the countries was escalating. at the end of january, the us charles the whole company. last month huawei was added to a
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list which curbs the ability of american companies to trade with it. we have since heard from companies like facebook and google announcing their own measures to comply. but president trump says the whole thing can be resolved as part of the trade deal and negotiations are of course continuing. the question is, should us allies really be worried or is this just part of the trade wall? uk lawmakers still have a big decision to make as to whether or not to use huawei as part of the sg to make as to whether or not to use huawei as part of the 56 network —— trade war. thank you so much, mariko oi. global trade, as trade war. thank you so much, mariko oi. globaltrade, as we trade war. thank you so much, mariko oi. global trade, as we have been talking about, is continuing to be rocked by threats from the white house that is the trump administration has given mexico 45 days to cut the number of migrants crossing its territory on their way to america orface having tariffs slapped on its goods. at the same time, the us president has he is
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ready to add more tariffs if a dealer is not reached with xi jinping. we asked how all of this is affecting sentiment among american businesses. generally speaking, the us tends to be positive on trade. 7496 us tends to be positive on trade. 74% of americans, for example, view trade is an opportunity for growth. only 21% us as a threat to the us economy. when asked whether or not trade policies are important in the new congress that came into office after the november election, seven out of ten americans wanted the president and congress to address theissues president and congress to address the issues of trade and tariff policies, specifically. which particular industry in the us is most vocal and is against this ongoing us china trade war. we did
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not conduct a study of businesses here in the united states, what we did was to continue to track public perceptions of the united states. obviously the president has targeted certain industries, whether they are in particular manufacturing or other areas that have a lot of presence in china. generally speaking, china tends to be a major concern of the united states public at large. in fa ct, united states public at large. in fact, china is the only country that has a majority of americans saying that china has an trade their policies towards the us, when you compare with mexico, japan, the eu, and canada. china gets the most negative views in its trade policies, specifically, furthermore, a percent of americans cite china's economic growth is a critical threat to the vital interests of the united states. so the president actually is operating from very firm ground when you speak about public opinion when he addresses china. you saw a different thing last week where he
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tried to pursue similar policies with mexico, in that there was a very different political and public reaction, because the attitudes really shift when it depends on each of the trade partners you asked about. that was the editor-in-chief of gallup news. we will be getting the latest chinese car sales figures due out later today. they are expected to reveal that it is continuing to weaken. it is the biggest, thatjenny wallace sales have slumped for the last 11 months —— and it is expected to show. there isa —— and it is expected to show. there is a trade war with us, which is china's export market. while the traditionalfossil china's export market. while the traditional fossil fuel, china's export market. while the traditionalfossilfuel, because continue to slow, sales of electric vehicles are forecast to grow by 27% this year. earlier, the silk road research group told me the biggest threat to china's kete the biggest threat, really, the macroeconomy.“
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the trade war gets worse and tensions continue to escalate with the us than you have a big hit to the us than you have a big hit to the export economy, which are still 30-40% of the export economy, which are still 30—a0% of china'sjilliby and that can hurt confidence. the demand in the chinese car market is driven by around six cities where customers are much more price sensitive. that is the part of the market that has been driving the decline. the premium market is still growing at 8-10%. it is the premium market is still growing at 8— io%. it is the lower end of the market that has been hurt. the chinese car market faces many challenges. what could turn around the trend after a downturn of ii months? really, it is going to be a lower base on the second half of the year and lower base on the second half of the yearand a lower base on the second half of the year and a release of pent—up demand driven by incentives either by the government, which has said very vocally that they want to make sure the car market is stable this year
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oran the car market is stable this year or an improvement in consumer confidence. a loss of critics are saying that these measures, implemented by the chinese government, will not be sufficient to boost consumer demand —— a lot of it. we disagree. we are already seeing somewhat of an improvement in consumer demand in the auto market, just not as much as we would like. but if you look at the last two months, retail sales have actually improved relative to december of last year. so if you convert the monthly sales figures, it is up sequentially from december. you were in shanghai last week. you speak to the major car manufacturers, odds wagon, bmw, toyota, and forward, what are they saying? —— volkswagen. their biggest concern is macro. are they really being affected? most of
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their cars are manufactured in china and just about 5— io% their cars are manufactured in china and just about 5— 10% of them are imported from overseas. that's right. but anxiety levels are very high. anxiety levels on the consumer side with the traffic is stable but they are not buying cars and anxiety level on the business side. the business community is a big purchaser of passenger vehicles in china. in general, there has been able sentiment given the levels. china. in general, there has been able sentiment given the levelsm other business news, beyond meat has continued its sizzling stock market run. the veggie burger shares went up run. the veggie burger shares went up overnight. the stock market value hasjumped up overnight. the stock market value has jumped by almost 600% since it went public on may two. and before went public on may two. and before we go, here is a recap of our lead story at tozawa. huawei has denied it has any links to the chinese government. john suffolk told uk mps that the tech giant had never been
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asked by beijing or any other government to do anything untoward. let us have a quick look, before me in the programme. in asia we are seeing a mixed bag so far. with the nikkei down emotionally and the all ordinaries of my 55 points. as fewer stocks, they were all in positive territory overnight ——as for us stocks. mexico has agreed to traditional measures to counter illegal immigration. thank you so much for investing your time with us. much for investing your time with us. have a profitable tuesday. i'm rico hizon. see you again soon. welcome. you are watching bbc news. the top stories this hour: president trump says the border agreement with mexico to curb migration is new and effective. chaos in manhattan, as a helicopter crashes on top of a building, killing the pilot.
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the video game world is descending on los angeles for the start of the annual e3 convention, which begins on tuesday. it's a chance for companies to show off their upcoming releases and latest hardware. but with many game—makers moving to streaming services, some wonder whether the traditional game console's days are numbered. marc cieslak, from the bbc‘s click programme has finding out. get ready. there's a battle brewing at this year's e3 game—show. and it is not in the games themselves, but over how we will be playing them in the future. because where games council is used to be centre stage, now all the talk is that we will soon now all the talk is that we will soon be streaming video games instead. microsoft kicks things off, announcing its new game streaming service, ex— cloud, which goes online in october. i'm using it right now. i'm playing it on a
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mobile phone. normally a mobile phone would not be powerful enough for a game like this one. the game is being hosted on a console inside a server 400 miles away. microsoft's announcement comes after tech giant google caused a stir saying it wa nted google caused a stir saying it wanted to get into gaming. google saysis wanted to get into gaming. google says is new game streaming service, stadium, could signal the end of the physical games console. but while streaming tv and movies is commonplace, big questions are being asked about streaming games and if it will work reliably over domestic internet connection. people are struggling to run for k netflix, long youtube videos and things like that, are you going to be able to have the internets speas to match the performance? but despite the reservations of some, although the game quality may be lower, modern home networks could handle it. what is the future of gaming? google is
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making gold claims about stadium and no console required. some say the console is dead, is that true? the industry has hundreds of customers. we are not here to take that away or tell them that the choices they have made a wrong. the players are hedging their bets and it is clear that games streaming may well be the future. but it isn't came over for the physical console just yet. future. but it isn't came over for the physical consolejust yet. marc cieslak, bbc news, los angeles. not game over, very clever, indeed. much more on their website. you can reach me on twitter — i'm @bbckasia madera. now on bbc news — sport today. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme:
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one of the favourites, japan, are held to a goalless draw by argentina at the women's football world cup. more misery for south africa who after losing their first three world cup matches see their fourth against west indies abandoned due to the weather. and kevin durant returns from injury for golden state warriors in a must—win game 5 of the nba finals in toronto. hello and welcome to the programme where we start with the footballing news from the women's world cup in france where japan failed to score against argentina despite numerous chances in the group d clash. the 2011 champions who were beaten finalists four years ago played out a goalless draw in paris — while in group e canada scored a 1—0 win over cameroon in montpellier as colm harrison reports. canada made a disappointingly early exit to the world cup on home soil four years ago but they do have a blood

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