Cornell university, and a former head of the imf� s china division. Speaking to me earlier, he said the belt and Road Initiative had achieved mixed results for china. The belt and Road Initiative was chinas gamble to again achieve political and democrat influence, as well as extend dock expand its reach, and Build Transport and other infrastructure that would link china with many of these other countries. Now some of these investments have not paid off very well, in terms of geo political terms because china is getting pushback from some countries that feel they have been indebted to china. So this is an attempt by the Xi Jinping Administration to put the belt and Road Initiative back on track. ,. , and Road Initiative back on track. ,. ,. ,. , track. To have any tangible expectations track. To have any tangible expectations from track. To have any tangible expectations from this track. To have any tangible i expectations from this forum . I think we might see some new Investment Opportunities as beijing starts to turn out to announce, but the bigger part will be its reassuring partnership that china has their interests in mind, rather than just its own interests, and that any further is not done on terms sock and will so so essentially xi jinping will be rebooting the belt and Road Initiative that makes it more appealing to all the other partners with china who engage in this effort. Now, to give you a sense of what belt and Road Investments look like on the ground here in asia, well be rolling out some special Coverage Today and tomorrow. We start with sri lanka, which has been one country where bri projects have had mixed success. The bbc� s India Business correspondent Nikihl Inamdar is there giving us a status check. This is the port on sri lankas southern tip. Its very often held up as an example of everything thats gone wrong with chinas belt and Road Initiative. It was started in 2010, but very quickly sri lanka had to lease it out to china for 99 years because it wasnt generating enough revenue for them to repay the debt. And this led to allegations that columbo was actually having to seize control over Strategic National assets. Then theres this, the Model Law Airportjust assets. Then theres this, the Model Law Airport just a assets. Then theres this, the Model Law Airportjust a few kilometres away. Its yet another example of a bra project thats gone wrong. Its often called the world and has the capacity to handle i the capacity to handle 1 million passengers, but in reality it gets only about 10 of that every year. This has led to many commentators saying that chinas practising some sort of Debt Trap Diplomacy with these projects. Sadly recipient saddling recipient countries with loans they cant repay and often taking control of some of those aspects. Its a theory thats been debunked in several years by several experts. Heres why for all the failures, the pri has delivered successes in sri lanka, as well. This is one example. Also half the countrys expressways are built or funded countrys expressways are built orfunded by china, and these came in at a crucial time. These expressways were crucial to complementing sri lankas development after the world. However sri lanka didnt do the necessary however sri lanka didnt do the necessary planning to have these necessary planning to have these projects deliver proper rates these projects deliver proper rates of these projects deliver proper rates of return. Second, chinas rates of return. Second, chinas policy bank probably pushed chinas policy bank probably pushed the money on the sri lankan pushed the money on the sri lankan bureaucracy than didnt have lankan bureaucracy than didnt have the lankan bureaucracy than didnt have the capacity to evaluate properly. Have the capacity to evaluate roerl. , � have the capacity to evaluate ro erl. , �. , properly. Evidently the bri has had a complex properly. Evidently the bri has had a complex legacy properly. Evidently the bri has had a complex legacy here properly. Evidently the bri has had a complex legacy here in l had a complex legacy here in sri lanka, and say as beijing faces tough challenges, fresh investments under the initiative wont come by at least for the next few years. Closer to home, chinas slowing economy is of top concern. In a few hours time, china will release Third Quarter gdp, Industrial Production and retail sales data, illustrating different facets of exports and domestic demand in the economy. Will be giving a very close watch on those numbers will coming in soon. A big drag on the economy has been, of course, chinas troubled real estate companies. Debt laden Property Developers are struggling to finish projects and pay Back Interest on loans taken out in yuan and dollars. Policymakers in beijing have attempted to boost Housing Demand by lowering Lending Rates and loan terms. Thats the case with country garden. The clock is ticking for chinas largest private property developer, which could see its entire offshore debt deemed in default if it fails to make a 15 million coupon payment. Earlier, i discussed the implications of this with standard chartereds north asia chief investment 0fficer, raymond cheng. This will reignite concerns about the Housing Market in china. 0verthe about the Housing Market in china. Over the last few months, we have already seen quite a bit of support for boosting Housing Demand, including relaxing down payment ratios as well as mortgage rates. But when we track the property Sales Numbers for the month of september, it did go up month of september, it did go up 28 a month, but on a year on year basis, it still came down 29 . So i think two major points of note first, recovery has been very uneven across our cities. We saw a better attraction in tier i better attraction in tier 1 cities than the lower tiers. Second, we think that divergence in terms of Sales Performance would be very evident in terms of the s 0ee, stay at home developers, versus the ones where state owned developers have been able to garner much better returns. fire garner much better returns. Are ou garner much better returns. Are you satisfied garner much better returns. Are you satisfied with the measures and returns taken by the government . And returns taken by the covernment . ,. ,. , government . Given throughout the month government . Given throughout the month of government . Given throughout the month of september, government . Given throughout the month of september, the l the month of september, the contracts, we may remain sluggish as we talked about. I think the market will likely see a more coordinated Policy Approach in order to restore confidence in the market. So as we go into the npc Committee Meeting towards the end of the month, we are hoping there will be much more supportive measures to come through, especially on the supply front. So specifically, we think it is important for these developers to have better funding access, as well as some more support in order to make sure that they are guaranteed home delivery. 0therwise confidence will be remain very low at this level. Its notjust State Leaders heading to china these days. Apple chief executive tim cook has also made a surprise visit at a time when, according to analysts, his company is facing flagging Iphone Demand in the country. Mr cooks visit included a trip to apples taikoo li store, in chengdu, to meet Young Players of tencent� s honour of kings online battle game. Apples operations in china have been complicated by covid and us china tensions. Other Us Tech Companies are also being impacted by deteriorating us china relations. Chip maker nvidia is usually a Star Performer on the s p 500 but on tuesday, it was one of the worst performers on the index. Its shares and those of other companies in the chip sector fell, after the Biden Administration announced plans to cut off more exports of advanced chips to china. The bbc� s erin delmore has more from new york. If this sounds slightly familiar, its because the Us Congress Department announced Export Controls on ships last october. This new set of measures aims to close loopholes that have become apparent since chips. At the aim hasnt changed. The goal is to keep china from receiving advanced technology from the us to strengthen its military, and its to strengthen its military, and its broader than we seen in the past, targeting only advanced chips designed by nvidia, but also others as well as to making tools. It targets only china but iran and russia. It also blacklists two chinese chip designers. It speaks to two major issues. One is the Value Generative Ai and the importance of chips that power that tech, and two, long simmering tensions with china and the buying administrations on commitment to retaining china militarily without hurting the country economically. A spokesperson for the Chinese Embassy said it firmly opposes the new restrictions, and a Semiconductor Industry association criticised it as overly broad, unilateral controls that risk harming the Us Semiconductor ecosystem without advancing national security, and that it would encourage overseas customers to look elsewhere. The rules go into effect in 30 days. And thats it for this edition of Asia Business report. Thanks for watching. In an Upcycling Shop in headingley, a transformation is under way. Josefine is using her skill and creativity to help solve a shameful problem. Along with her partner, james, the couple are trying to make fashion more sustainable starting on their own doorstep. Who could forget these shocking images of the tents and Camping Equipment left behind after Leeds Festival . Hundreds of items treated as disposable and destined for landfill. It was a bit grim, to be honest. A lot of people have a throwaway mindset. But tents arent single use theyre very durable fabric that can be used again and again. And when i sawjust how much stuff had been left behind, it was really shocking. Along with other charities and upcyclers, james retrieved tents and Sleeping Bags to make into something new. So weve got a laptop case, bum bag. Weve got what we call a festival bag its supposed to be worn over your shoulder like that. Its an interesting, exciting opportunity for us because weve not worked without kind of material before. Ive worked a lot with cotton and silk in the past, because thats usually the second hand material we find and reuse. So i find the whole Experimentation Process of it very interesting. For more stories from across the uk, head to the bbc news website. Hey, im stephen with the catch up. Were starting with news from the war in the middle east. Palestinian Health Officials say hundreds people have been killed in an israeli air strike that hit a hospital in central gaza. Weve heard from a British Palestinian Surgeon working at the hospital who says parts of it were on fire. The Israeli Military says its investigating what happened. And you can follow all the latest on the story at our page on the bbc news website and app. Elsewhere, a british teenager who went missing after attacks by hamas gunmen in israel is now known to have died. Yahel, who was 13, lived in Southern Israel near the border with gaza. Her mother was also killed, and her sister and dad are still missing. Yahel� s family have called her beautiful, full of adventure and mischief, and said theyll forever miss her. Next a blow for lgbtq couples in india. The countrys top court has decided not to legalise same sex marriage. The five judges ruled that its up to the government to decide whether couples should be able to do things like open a joint bank account. And back here, the snp leader has been making his big speech at the Party Conference in aberdeen. Humza yousaf announced a new scheme to help women to escape abusive relationships. Theyll get up to £1,000 for essentials like rent and clothing. And time to leave you with ten seconds of a dream job well, maybe if youre a fan of league 1 Club Cambridge united. They are looking for someone to become their mascot, marvin the moose. They say you have to be fun and energetic. Imagine being paid to do that sounds pretty ideal to me. Youre all caught up, have a great night. Hello, and welcome to sportsday. Im paul scott, heres whats coming up. England reach euro 2024 they beat the defending champions italy to book their place in germany. A shock at the Cricket World CupThe Netherlands beat south africa for their first win at this years tournament. Perhaps south africas rugby players can have more success. They prepare for their world cup Semifinal Showdown with england. Hello, and welcome to the programme. England have qualified for next years European Football Championship with two games to spare, after a 3 1 win over italy at wembley. The defending champions hopes of qualifying automatically are hanging by a thread. Joe wilson was watching. There was a reflective mood before kick off