notjust to deal with military tensions but also on counter drug efforts and use of ai. president biden said it didn't mean the two countries would stop competing. united states will continue to compete vigorously with prc but will manage that competition responsibly so it doesn't veer into conflict or accidental conflict. and where it's possible, where our interests coincide, we are going to work together, like we did on fentanyl. that's what the world expects of us. notjust people in china and the us, but the rest of the world expects that of us. has there been any reaction to the announcements from the us? so far we've seen the official read out the chinese side, which emphasised a bit of what you just heard in the biden clip, that this is a moment of both sides assuming their responsibilities as great superpowers. the chinese noted this was an opportunity to focus on unity and co—operation where possible, and to avoid a zero—sum mentality that would lead the world further into division. i can say unofficially, last night in shanghai at a programme with a lot of business leaders and corporate executives, both chinese and foreign, there was a sense almost ofjoyful anticipation, the fact the meeting was happening. so overall the mood in china is a happy one. the lines of communication are open again, the downward spiral in the relationship seems to have been halted. , �* halted. president biden said the two countries _ halted. president biden said the two countries are - the two countries are competitors but that they are willing to work together. do you see it translating to investment on the ground from us companies?— investment on the ground from us companies? you know, i think that's a question _ us companies? you know, i think that's a question that _ us companies? you know, i think that's a question that we - us companies? you know, i think that's a question that we will- that's a question that we will have more clarity on after this dinner concludes, where president xi is meeting a lot of senior executives and business leaders in the us. the reason we have seen more subdued foreign investment into china has less to do with the geopolitics, but overall confidence in china's recovery and economy. 2023 economically was not the rebound year people anticipated for china. 2022, you saw both consumer and investor confidence stomped on by their zero covid policy and global headwinds as well. the confidence needing to be restored is what was necessary to see investment dollars flowing back into china. i think there is more openness now the geopolitical piece of the puzzle seems to be more stable. ., , ., stable. one of the parts of the agreement _ stable. one of the parts of the agreement is _ stable. one of the parts of the agreement is artificial - agreement is artificial intelligence. we are hearing so much about chips and the export controls on china. do you think president xi is going to be meeting some of the business leaders from microsoft and the companies making these artificial intelligence chips? do you see things changing for us companies who rely on china for their supply chains?- for their supply chains? truth is, on for their supply chains? truth is. on the _ for their supply chains? truth is, on the supply _ for their supply chains? truth is, on the supply chain - for their supply chains? truth is, on the supply chain issue, j is, on the supply chain issue, china is simply too central to decouple from. even the idea of de—risking is quite challenging. china is too central, so i think that's going to continue to be an issue. the concept of risk resilience for individual companies vary depending on their industry, sector, exposure, risk appetite and other factors. exposure, risk appetite and otherfactors. 0n chips, us china trade tensions, when you look at the use of export controls, see it going away. the fundamental challenge is how can you trade without trust? president biden was asked whether he trusted president xi and he said yes with verification. that is a qualified way of reframing the relationship that we will see on both sides. until there is deep trust, i don't see how the tech restrictions and rivalry will take any alternative shape at this time.— at this time. from shanghai, thank you — at this time. from shanghai, thank you for _ at this time. from shanghai, thank you for your _ at this time. from shanghai, thank you for your insights. l thank you for your insights. the latest data shows the gap between exports and imports in india has widened to a record amount last month. joining me from mumbai, our india business correspondence. tell us more. at, correspondence. tell us more. large part of the trade deficit is driven by gold. indians love theirjewellery is driven by gold. indians love their jewellery and is driven by gold. indians love theirjewellery and like to buy it during festivals. the head of the diwali festival there was a marked increase in purchase of gold. —— ahead of. that led to imports zooming almost 100%, that led to imports zooming almost100%, it that led to imports zooming almost 100%, it doubled in october two over $7 billion. 0ctober two over $7 billion. that has driven the trade deficit up. india is the world's largest gold importer. a higher import of gold is something the government keenly watches for. higher imports, if the trade deficit widened, could impact currency as well. on the export side, while the 0n the export side, while the exports also grew and that's a positive for the country, because over the last few months, exports have been subdued because of slower growth and lower demand for india goods... there was a 6% increase in exports. but the increase in exports. but the increase was offset by the higher import bill. gold was one, electronic items and crude oil where the others that took the import bill higher. while higher festival spending the import bill higher. while higherfestival spending in india does show the economy is doing well, manufacturing and services sector also doing well, but it certainly could put pressure on the currency. the government would be keenly looking out for those signs. 0ur india business correspondent, thank you. in the us, thousands of starbucks workers are set to walk out on hundreds of stores on thursday, the latest action in an attempt to pressure the company to address issues like understaffing. michelle is a 13—year starbucks barista in new york. she spoke to my colleague about why they chose to take action. today is what the company refers to as redcoat day. refers to as red cup day. probably the largest promotion day all year for the company. it is a horrible day if you are a starbucks worker. the stores are continually understaffed, constantly running out of product. there are long wait times for customers and the workers on the floors bear the brunt of that. it's time our voices were heard, and our strongest weapon right now is our labour. michelle worked at the first ever starbucks to successfully organise. and she is still a key figure in starbucks workers' efforts to unionise. what do you hope to achieve? that the company starts paying attention, and we are seeing a lot of different groups joining us in front of these stores. that is what is going to set this apart, and that is what should scare the company. their reputation is everything. if your customer base decides you mistreat workers just for wanting to organise their workplace, they are going to start to feel that. the coffee chain, which operates roughly 10,000 stores in america, said in a statement that it remains ready to progress in—person negotiations with the unions, and blamed any delays on union organisers. starbucks says workers united hasn't agreed to meet to progress contract bargaining in more than four months. that is simply untrue. they have not come to the table in any meaningful way. i have been in this fight nearly the longest, i was at the first store involved nearly two years ago. if they manage to come to any bargaining session, they are not there in a meaningful way, to reach any sort of agreement. workers at the big american car makers secured major gains recently, so did ups workers. a bittersweet moment, says michelle. this campaign really lit a fire under the labour movement in this country, and we are still sitting and fighting super hard, and not getting that contract. microsoft is getting into the artificial intelligence chip business, unveiling custom designed chips. 0ther business, unveiling custom designed chips. other big tech firms are bringing these technologies in house because of the high cost of delivering ai services. microsoft is one of the companies meeting xi jinping in the us today. that's all the time we have on asia business report. thank you for watching. bbc news bringing you different stories from across the uk. the 93 bus serves port carlisle and other villages along the beautiful solway coast. there's 17 villages along from carlisle that this bus services. we have no shops apart from kirkbride, we have no post offices, we have very few social places like pubs or anything. they're all closed. people in these villages need this bus service. the bus was threatened with closure last year, and local people campaigned to save it, including the youngest in the community, at kirkbride primary school. we decided to kind of protest and say, no, we need that bus. and so, the bus was saved after local councils agreed a £12,000 subsidy. but the money came to a stop earlier this year. so will stagecoach perform another manoeuvre to keep the service going? the 93 service at the minute, unfortunately, isn't carrying enough passengers to cover its operating costs. so we have agreed to continue operating it for the time being, but we are in discussions with the local authority in cumberland about how we can work together to try and keep that service going. for more stories from across the uk, head to the bbc news website. hi, i'm ellis with the catch—up. tonight, migrant plans struck down, a surprise on drake's new track, and christmas lights. but first, a bbc investigation has found a black market selling knock—off weight loss jabs in beauty salons and on social media. the official version, which makes you feel fuller for longer, is supposed to be taken under expert medical guidance by certain patients with weight—related conditions. but unlicensed jabs are being sold, with big demand after reports of celebs using them to lose weight. the drugs watchdog says it's dangerous to buy from unregulated sellers. there's more in the skinnyjab uncovered on the iplayer. some other stories now. the uk's highest court says the government's plan to send asylum—seekers to rwanda is unlawful. it's a major blow to immigration policy. the pm wants to pass an emergency law to push it through. a tower block in bristol, evacuated in an emergency last night, was not built to plans, according to a city councillor. surveys showed the building would be unsafe if there was a fire or explosion. and drake's one of the most streamed artists around. but his new track, idgaf, which stands for i don't give a... something—unbroadcastcable, has an unexpected sample from an 82—year—old jazz singerfrom london. time now to leave you with ten seconds of chrimbo lights. one of the biggest festive light trails has opened up for the year at kew gardens in south—west london. if they don't get into the festive mood, then i don't know what does. you're all caught up. bye for now. hello, welcome to sportsday. coming up on the programme — kohli rewrites the record books as india march onto their first world cup final since 2011. chelsea pay the penalty in madrid as emma hayes' first match since being announced as the new us women's head coach is a frustrating one. and rublev�*s racquet only hurts himself as the russian is beaten by carlos alcaraz at the world tour finals. hello again. 0ne place to start — that's in mumbai.

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