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tv   Asia Business Report  BBC News  April 21, 2017 1:30am-1:46am BST

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welcome to bbc news. let's bring you up welcome to bbc news. let's bring you up to date with our main story. a major anti—terror operation is underway in paris, after a gunman opened fire on a police van, killing one officer and seriously wounding two others. the attacker, who targeted the busy champs—elysees, in the heart of the city, attempted to flee the scene but was shot dead by police. officials have confirmed he was known to the intelligence services, and a police search is underway at his home near the capital. the islamic state group says it carried out the shooting, naming the attacker as a belgian, abu yousif. french president francois hollande has held crisis talks with his prime minister and interior minister, and is set to convene his security cabinet on friday morning. the incident comesjust days ahead of the first round of the french presidential election. and our main uk headline: labour leaderjeremy corbyn has vowed to "overturn the rigged system" by putting power and wealth
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back in the hands of "the people". now on bbc news all the latest business news live from singapore. could china be the next big electric car exporter? we will show you the latest from the shanghai auto show. and donald trump orders an investigation into steel imports. we find out why. hello and welcome to the friday edition of asia business report. i'm sharanjit leyl. the world's biggest car makers have unveiled a range of plans to go electric. but the number one manufacturer, vw, still says they
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see life in combustion models. robert brunt is at the shanghai auto show for us. what are some of the latest models you are seeing there? everybody is here. this is the biggest car show in the biggest car market in the world. all the manufacturers are here shown what they have. this is notjust about what you can drive away today, but what you can drive away today, but what you can drive away tomorrow. that includes autonomous vehicles and electric vehicles. china wants to become the leader in the electorate. that is the technology behind the cars, the batteries, but also getting people to buy and drive them. because it sees it as one way of dealing with the huge pollution problem in the country. so i will be looking at the strategies for some of the car makers when it comes to electric, and that includes the largest carmaker in the world, vw.
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translation: we will continue to develop combustion engines in the next two years. nobody knows and we will see the tipping point between electric engines and combustion engines. i think we will have them for the next 20 years. translation: new technologies always need help. but car companies cannot live on their own. infrastructure is very, very important. and therefore, the government can do a lot of important work for the infrastructure for these kind of
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vehicles. —— kinds. soapie increasing lure of the suv could cause problems for china's desire to go to electric. —— so the. a bit like google, a lot of money has gone towards autonomous vehicles. it hopes to have vehicles on the road, on the streets, the real streets, by 2020, on the road, on the streets, the realstreets, by 2020, but interestingly, i spoke to a senior adviser at vw, they have their own plans, but they weren't sure about that ambitious plan. they had concern about operating the vehicles in sucha concern about operating the vehicles in such a short space of time in conditions other than clear daytime. you'll be watching the story there at the shanghai auto show. and we
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will get more from there throughout the day. the global steel industry is the latest target of donald trump's result put america first. he is imported an investigation into whether imports of foreign—made steel is hurting american companies. —— he has ordered an. china is the biggest producer of steel and would be the one to hurt most if there we re be the one to hurt most if there were restrictions on the importing of steel. this allows the federal government to launch an investigation to see if the steel imports, if it hurts us steel companies, domestic companies, and, crucially, if this is in fact a threat to national security. this was met with great cheers from american steel companies. in fact, they would rally at on the exchanges in us markets today. because they have long complained that the dumping of foreign steel on tig us
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market is really puts them at a disadvantage. and how odd doesn't seem that donald trump seems to be reverting to a 1962 law that limits imports, based on, as you say, national security? —— the us market. it is certainly rarely use. but one of the key factors in using this is that if it does meet the criteria of being a threat to national security, it would allow the us to impose retaliatory measures. —— used. some of those measures could include tariffs. the trick will be proving a national security risk. in 2001, a similar probe was launched, and they did not find any evidence that this was a threat to national security. so it might be a tough sell.
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was a threat to national security. so it might be a tough sellli was a threat to national security. so it might be a tough sell. i guess the elephant in the room is that this may well be seen to be targeting china. they have got a glut of steel on the market at the moment. and they have been accused of dumping it cheaply on others. absolutely. american steel companies in the first to complain of this kind of dumping. —— have been the first. tons of us to make foreign steel makes its way to us markets. at as donald trump tries to force a bigger mandate of buying american hiring american, you need to look at his $1 trillion plan for spending on infrastructure. he said that when it comes to those projects, it is imperative that those projects use american things, like american steel. so this is in tune with the idea that the president wants to
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protect what is happening here in the united states. and those protectionist ideas are really coming to fruition, here. samira hussein there. businesses have been complaining about the expensive and complicated fees in china. earlier, i spoke to somebody from the china market research. he says tax cuts could help businesses. it will foster innovation. i think the problem in china for a long time has been that smaller businesses have not understood the tax code. they have not had the money to be up to keep up with new changes to tax laws. it has been difficult for them to adapt. the changes that are now happening in the tax code, it is a
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good buy things and make it easier for small businesses to survive, because there are all tax rate will go down. in spite of the better than expected gdp numbers earlier this week, do these tax cuts, these measures by the chinese economy to try to prop up its economy, do they suggest that they are slightly worried? i think that this will probably not helped the economy that much in the short—term. but i think they are taking a longer—term approach you. if you look at the traditional model, it has been impressed, invest, invest. but they are realising now that they cannot invest in a lot more infrastructure projects. it is up to make the difference is they need. so this is actually going to give them the ability to really drive growth. —— invest. do you think this is part of a largerfiscal invest. do you think this is part of a larger fiscal reform invest. do you think this is part of a largerfiscal reform china has in mind? it is hard to say. i want to say yes. we have been in a situation
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where we take to step forwards than one back. it is difficult to know with the current people in power what is really going to happen in the longer term. i suspect that with this tightening its publication, we are moving in that direction. and what are your forecasts for the outlook in china? is a magic, higher than expected gdp, but can they sustain that? i am positive. i was worried will go to go through a sustained slowdown. —— as i said earlier, higher than. there was a lot of investment be. highly cash. i think that we will have a good year andi think that we will have a good year and i think that they should be able to hit their targets or them. quick look at the markets. they have all opened higher. that is it for today's addition. thank you for watching. you are watching bbc news. our main
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stories this hour: a shark attack on the champs—elysees has left one police officer dead and two word. the gunmen was known to security services and the search is under way at his home near the capital. —— a shock. scientists have found a way of halting the manger and parkinson's disease in mice. —— dementia. the next app is to trial on humans. —— step. this research mouse has a degenerative brain disease which is destroying its coordination. look how it drags its rear legs. this second mouse has the same condition, but is being treated with a drug that has kept it healthy. the lead scientist says patient trials could begin in a year, with the aim of halting alzheimer's
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and parkinson's disease in humans. halting is an incredibly important goal here, because i do do dementia clinics, and if i could halt disease when people come to see me, then you could maintain a meaningful quality of life, independence, and freedom from institutionalisation, which would be an extraordinary achievement. halting is an incredibly important goal here, because i do do dementia clinics, and if i could halt disease when people come to see me, then you could maintain a meaningful quality of life, independence, and freedom from institutionalisation, which would be an extraordinary achievement. so we're not talking about a cure for dementia, but drugs that might nonetheless slow alzheimer's and parkinson's disease. these neurodegenerative conditions involve the loss of healthy neurons in the brain. that starts with the build—up of faulty proteins, which triggers a natural defence response. this makes the cells starve, and eventually die. the drugs prevent the defence mechanism kicking in, and so halt brain cell death. these medical research council laboratories in leicester have found two drugs which work in mice, and are safe in humans. one of the drugs is already used as an antidepressant. butjoy watson is not getting her hopes up,
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because so many other alzheimer's trials have failed. she was diagnosed on her 55th birthday, and now even a simple task like reading can be a problem. you want to believe that it's going to be, you know, a fantastic thing that it's reported to be. but i don't allow myself to get that enthusiastic any more. you know, i'd rather wait until more substantial evidence is there for the taking really. this is the antidepressant which halted neurodegenerative disease in mice. trazodone. but what works in rodents may not in humans. the patient trial results will be eagerly awaited. fergus walsh, bbc news. that was fergus walsh. mike embley
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will be here at two o'clock and will have more on the events in paris. but now, let's bring you all the latest sports news in sport today. hello, i'm marc edwards, and this is sport today, live from the bbc sport centre. coming up on this programme: marcus rashford, the toast of old trafford, sense manchester united into the semifinals of the europa league. it is goodbye andy murray, letting slip a lead in the deciding set to slip out of the monte carlo open. and tiger is under the knife, announcing his fourth back operation in less than two years. hello,
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thanks forjoining us on sport today. manchester united are through to the semi—finals of the europa league after an extra—time victory over the belgian side anderlecht, but the win came at a cost. marcos rojo was stretchered off with a knee injury, and zlatan ibrahimovic hobbled off after 90 minutes also


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