largest economy. industrial output is lagging and house prices have fallen at theirfastest pace in a decade, highlighting the continued strains in the property sector. retail sales though have performed better than expected. so what does this all mean for china's recovery and the global economy? let's unpack all this with our asia business reporter sura njana tewari. markets in asia here are very conscious that make cautious about that mixed bag of data coming out of china. retail sales were up by 3.7% in may and that was better than april's 2.3% growth and beat many project —— projections with the government crediting labour day holidays and trade in programmes to encourage consumers for all of the appliances as well as shopping festivals as reasons for the improved sales. still, though, it was the third lowest reading since last august and may not do much to overcome concerns about a lack of demand in the country and spending. house prices fell at the fastest pace in a decade in may, as you mentioned, highlighting those strains in the property sector and a key investment and mark was also down and that is a result of what is going on in the real estate sector and the crisis there. experts say it is a sign of whatever the government is trying to do to stimulate the sector, it isn't quite enough and as you mentioned industrial output, that driver of growth in what is known as the factory of the world. it missed forecasts but was still fairly promising going by —— going back 5% from a year earlier, still down from 6.7% rise last month. so why does all this matter? there is a big mismatch between china's consumer spending and the capacity of its manufacturing sector and that is worsening trade tensions in recent months with the us and europe moving to raise tariffs because they are fearing that china's government subsidies of things like electric vehicles will flood their markets with exports. experts that chinese consumers are unwilling or unable to buy. that is why this kind of data really matters. thank you very much indeed. meanwhile, the chinese premier li qiang is in australia and was given a warm welcome today by the prime minister, anthony albanese, in canberra. china is currently australia's largest trading partner. last year, two—way trade with china grew over 9% to over $300 billion, that's record levels. but it hasn't always been a rosy relationship. from sydney, phil mercer brings us the background from the last few years. relations between australia and china, its biggest trading partner, have been fought for years. they have been tensions over the south china sea, taiwan and democracy in hong kong. australia pot call for an independent inquiry into the origins of covid—19 —— australia pot call. it infuriated beijing and took it up infuriated beijing and took it up a criticism of the early days of the pandemic. china imposed restrictions on a range of australian commodity export including wine and coal. anthony albanese, he is the australian prime minister elected in may of 2022. he has been on a mission to stabilise relations with china and his efforts appear to be bearing fruit. mr albanese has however cautioned that there will be areas of disagreement with china, especially over events in the south china sea, and human rights. at premier li's visit to australia is significant because it shows that friendly relations are possible. what it means for australia, it must engage in very delicate diplomacy. 0n the one hand it wants to maintain and promote ties with china, its most important trading partner, while on the other hand it wants to maintain perhaps most important relationship of them all, a long—standing military and security alliance with the united states. let's speak now to hosuk lee—makiyama, who's a leading author on trade diplomacy and director of the european centre for international political economy. many have talked about why this relationship is so important. in the last year, trade between these two countries hit record levels. would you say from now on is onwards and upwards in terms of the relationship between these two? from a bi aer between these two? from a bigger picture _ between these two? from a bigger picture the _ between these two? from a l bigger picture the relationship between australia and china has never been an easy one but it has always been stable. as we heard, china is australia pot most important trading partner and the equivalent of 5% of the total gdp goes to china and of course the china demand has been a growth from the australian economy for many years but at the same time, australia is also the part of what is called the court, the us strategic allies that also forms a strategic containment wall against china, if you like, with india and japan. so there is always pros and cons in that relationship but there has always been a stability so what we steam out —— what we see now is the return to the stable. �* ., ~ , ., ., stable. and for the australian economy and _ stable. and for the australian economy and for— stable. and for the australian economy and for the - stable. and for the australian economy and for the china i economy and for the china economy, of course is it —— it is a critical time for both. we just heard from our colleagues in singapore about the latest data coming out of china. they have had a bad time during covid and real estate etc. for both economies at a time when things are very difficult, this puts more pressure on them, does it not, to get on? indeed. and also it _ does it not, to get on? indeed. and also it is — does it not, to get on? indeed. and also it is never _ does it not, to get on? indeed. and also it is never nice - does it not, to get on? indeed. and also it is never nice to - and also it is never nice to have, well, an adverse of —— adversary relationship so close in the neighbourhood. everybody wants to have friendly neighbours. also i don't think we should discount the fact that there has been a tremendous pressure within china among the people and the party elders to retaliate against australia and i think it is basically reached a point where they have two bury the hatchet. we have seen in the previous months the chinese coercion efforts, wine, beef, barley and coal, they have all been settled. the outstanding issue has been relatively small around lobster. we have also the conclusion of the distant writer issue that has been concluded as well and in parallel to this, australia famously actually lost a wto dispute against china. so there is grand bargaining that stabilises things and i think we shouldn't of course discount the fact that even though we have some problems in the chinese macro, it still remains the world's largest export market. ., ~ , ., ., the world's largest export market. ., ., market. thank you for your analysis — market. thank you for your analysis on _ market. thank you for your analysis on that. _ market. thank you for your analysis on that. and - market. thank you for your analysis on that. and li - market. thank you for your i analysis on that. and li qiang is in australia for several days and we will be keeping you across his tour there. to the uk now and more on the general election campaign. as you've been hearing the labour party will focus on the economy this week. the shadow chancellor rachel reeves is announcing new details about a seven point three billion pound green investment vehicle that labour intends to create after the election, saying it will help create hundreds of thousands of new industrialjobs. the conservative party meanwhile, has accused labour of not being clear about how they would fund their plans. let's speak to the independent markets analyst anna macdonald. good morning to you, anna. all the parties are starting this weekend ernest because the clock is ticking tojuly the fourth. it is not far away at all. we are getting the election detail from reform all. we are getting the election detailfrom reform uk. the labour, they are planning on boosting growth. it is going to be tough. whoever gets in government. because of the various challenges they are facing. various challenges they are facina. , , , ., facing. absolutely, it is going to be tough — facing. absolutely, it is going to be tough stop _ facing. absolutely, it is going to be tough stop that - facing. absolutely, it is going to be tough stop that is - facing. absolutely, it is going to be tough stop that is why i to be tough stop that is why you hear them talking about growth because we really need economic growth in order not to have —— in order not to face some pretty savage cuts to budgets that are slated to be happening at the moment from 2025- 2026 happening at the moment from 2025— 2026 onwards. if you think about what think tanks such as the resolution foundation and the afsr talking about, there are some unprotected sectors that could see cuts, for example, transport, as much as i9% for next year. in order for those unprotected departments not to have to face those cuts you are going to have to find growth from somewhere else or you are going to have to find taxation to be able to fill those gaps. it is interesting you mentioned the institute for fiscal studies because they have been saying from the point of view of both the labour party and the conservative party, so far their manifestoes are not being clear on what they would deliver and how and what it would cost the voter going forward. forthe would cost the voter going forward. for the conservatives they keep talking about a tax trap if you vote for labour, the taxes will have to go up if they are going to deliver on some of their promises and this is the problem for voters, it is the problem for voters, it is very unclear what is ahead. i think bif has have even said is a conspiracy of silence around this because i think both parties realise there is this big issue ahead of them but while they are both not talking about it they don't need to speak about it. so yeah, there are on both sides both the tauri and labour manifestoes, there are challenges within them, let's say —— tory. challenges within them, let's say -- tory-_ say -- tory. anna, thank you for your— say -- tory. anna, thank you for your time _ say -- tory. anna, thank you for your time on _ say -- tory. anna, thank you for your time on that. - say -- tory. anna, thank you for your time on that. just. say -- tory. anna, thank you for your time on that. just to | for your time on that. just to say, our website has all the very latest on all manifestoes from all the parties, what they are suggesting, what they will do if they do get into government. do take a look at the detail there for you, it is all there for you. staying with the eu and textile waste will be top of the agenda at the eu environment council meeting later today where members will discuss proposals to revise the waste framework directive. in march, ministers from france, denmark and sweden —— stay with me because we are all throwing clothes away more than we would like to. in march, ministers from france, denmark and sweden proposed stricter control on exports of textile waste. but for some african countries such as ghana, the world's largest importer of second hand clothes, this could have huge consequences. an organisation called the ghana used clothing dealers association is urging the council to rethink the changes, as it says the second—hand clothing trade is vital to the country's economy. we can speak now to marlvin 0wusu, executive member of the ghana used clothing dealers association. hejoins me from accra in ghana. explain at the moment what happens in ghana when it comes to secondhand clothes coming from europe and coming into ghana. how does it impact your economy?— economy? thank you for having me. it is huge. _ economy? thank you for having me. it is huge. the _ economy? thank you for having me. it is huge. the secondhand clothing trade in ghana comprises 2.5 million traders. it also provides indirectjobs for the likes of taylors, seamstresses, to mention a few. you also realise that a secondhand trip clothing trade is a generation of business so parents may have passed it onto their children. i'm a personal testament of that. my dad has been involved the secondhand trade of the 30 years. my late mum was involved in the trade and i have now been involved in the trade was six years full time now and i know for some years down the line my children will also be involved in the trade. in terms of taxes generated for the ghana government, it is in the region of $29.5 million. it is also an inclusive trade whereby a lot of women are also involved in that trade in the majority of ghanaian population also work —— also where secondhand clothing. -- also where secondhand clothing-— -- also where secondhand clothinu. �* , ., clothing. as we mentioned, the eu environment _ clothing. as we mentioned, the eu environment council- clothing. as we mentioned, the eu environment council will. clothing. as we mentioned, the eu environment council will be | eu environment council will be discussing stricter controls on the exports of secondhand textiles. what are they proposing and what are you concerned about? 50. proposing and what are you concerned about? so, while the eu policies _ concerned about? so, while the eu policies in — concerned about? so, while the eu policies in regards— concerned about? so, while the eu policies in regards to - concerned about? so, while the eu policies in regards to the - eu policies in regards to the good intent, it is of concern to us because it will restrict the exportation of secondhand clothing. it is important to note that a most effective way of maintaining or obtaining the environmental objective of making textiles more circular while reducing waste is through the reuse of garments and that is exactly what the secondhand clothing trade is doing. we are extending the lifetime of clothes and preventing them from ending up being incinerated. such policies will have a detrimental effect on the environment as well and economically as well. i believe that solutions in regards to the extended producer responsibility, if these schemes are well implemented, such fees if designed to charge fees on the original producers of garments, such fees come trickle—down and can be made available to countries such as ghana whereby recycling infrastructure and be set up because of recycling infrastructure in ghana is underdeveloped and it would not just be for textile waste, it would actually be for waste management and that is what will have a positive impact on both the economy and environment at large because what we need to try and avoid as well is that if secondhand clothing, the exportation of secondhand clothing is restricted and to place a higher demand on cheap fast fashion which would rather have a detrimental effect on the environment so not only having a detrimental effect on the environment globally, in a country such as ghana there will be highjob country such as ghana there will be high job losses whereby millions and millions of people depend on secondhand clothing. all right, marlvin 0wusu, you have made your case very clearly. thank you for talking to us alive just to say that the eu environment council will be having their meeting today stop they are talking about revisions to waste framework directive which of course impacts textiles as well. we will keep a close eye on how that develops. around the world and across the uk. this is bbc news. for over 25 years, the indian social entrepreneur chetna gala sinha has been leading the way for women's empowerment. she founded the mann deshi foundation in rural india with the aim of economically and socially empowering women and set up india's first bank for and by women to support the needs of female micro—entrepreneurs. i caught up with her in london and asked her how her organisation operates. so monday, she is the women's bank women's co—operative bank, which was founded by me and we have mann deshi foundation, which runs the business school for rural women. so when i started bank, it wasn't that i had in my mind that, you know, i'm going to start the bank. but women came forward and they wanted to do savings. so this is like two and half decades back, the bank was started. and today these women actually they have never been to high school. they have never got an opportunity to do that. but today they are doing digital banking using mobile wallet, transferring money through the smartphone. that was 25 years ago. what has changed for women across india in that time? the one thing which with this one is that now women are setting up the business, they are using the technology. they didn't get an opportunity to go to high school, but they could learn. i mean, they can use the technology. and it's not like when i say technology for them, it's not just technology, right? they have to buy the cell phone first thing. and not onlyjust feature phones, smartphone, they take a loan from the bank to buy a smartphone. they do digital transaction through digital wallet. they use atm cards. so this is the technology which has changed their life. and these women who never knew to read and write, but they said we can count and we can run this institution. so they are a member of the bank, now, the second generation are aspiring to become engineers, police force, joining police force, getting the sports into that, becoming the coaches in the sports so that in the villages of india, jobs are not available so much, but they are setting up the businesses, making the paper cups, paper plates, manufacturing that and selling that. so the second generation of stone breakers have are aspiring and becoming professors, job seekers and setting up the businesses. we've just had an election in india which was surprising in the outcome. narendra modi, his party not getting the big majority that was expected. what do you hope for the indian economy going forward and forfemale business women in india? i mean, india is a multiparty democracy. it's a very vibrant democracy. so it's always good to have more and more voices in the parliament and the representation in the parliament. now, when it comes to women, i see that of course in parliament the representation of women is not that high. but it was very interesting that the participation of women in the election was really very high. what does it show? it shows that the women are coming forward. they want to participate in political process. you know what a young girl said? they said that we will first think of farmers. we will think that they get regular water, electricity and produce. then they were talking about their own mobility because infrastructure has to be good, otherwise girls will not be able to go out if public transport is not there from the villages. so it's very important that as the participation increases, then that voices will come in the manifesto and in the parliament. senegal is in how there who is the under way last night with a 1—0 win against serbia. and the football tournament should be good news for the uk's struggling hospitality sector. new analysis from the lobby group ukhospitality estimates the group stage alone will generate an additional £340 million in sales for hospitality venues across the uk, rising to £800 million if england win the tournament. that's a big if of course. live now to allen simpson, deputy ceo, ukhospitality. allen, no pressure then on england, like they need any more! �* ., , england, like they need any more! �* . , , , more! but last night suggested we miaht more! but last night suggested we might do — more! but last night suggested we might do pretty _ more! but last night suggested we might do pretty well - more! but last night suggested we might do pretty well and . more! but last night suggested we might do pretty well and of| we might do pretty well and of course scotland as well, had a more challenging start of the tournament, but they might get further than we think as well. i'm pretty hopeful, to be honest. you have got to stay hopeful in football, don't you? absolutely, and we all do across the country! for both england and scotland always. when it comes to the economic boost, these are always an economic boost but this couldn't come at a more vital time. the vast figures for the uk economy, zero growth. that is not true _ uk economy, zero growth. that is not true of _ uk economy, zero growth. trisgt is not true of hospitality of course. it is growing up the six point —— 6% a year and will do for many years. the bad thing is bad weather. if you want to go to the beer garden the rain isn't the one but a big tournament like this can drive many more of us into pubs up drive many more of us into pubs up and down the country so as you say it could be 340 million in the group stages alone, 800 million if we get further into the tournament. 0ne million if we get further into the tournament. one in five of us will go to the pub. absolutely and i did yesterday in fact. how is pubs and hospitality venues, how prepared are they? of course it has been really challenging adjusting post covid and staffing, there has been all sorts of issues. it staffing, there has been all sorts of issues.— staffing, there has been all sorts of issues. it has been a tou~h sorts of issues. it has been a tough few — sorts of issues. it has been a tough few years _ sorts of issues. it has been a tough few years but - sorts of issues. it has been a i tough few years but hospitality has been incredibly resilient. we have seen a lot of pubs and restaurants make it through the period and starting to see growth again. the key really is, obviously the consumers it has been hard as well and cost of living have meant that mainly —— maybe some of us have been to the pub or the local restaurant less regularly than restau ra nt less regularly tha n maybe restaurant less regularly than maybe we would have but events like the euros is an opportunity to go and do that and one in five people in the uk will go to watch england, scotland and the other games as well, will be really positive i think but events like this can really help to drive business in a key period.— really help to drive business in a key period. 0k, well, we shau in a key period. 0k, well, we shall be _ in a key period. 0k, well, we shall be watching _ in a key period. 0k, well, we shall be watching very - in a key period. 0k, well, we. shall be watching very closely, fingers and legs crossed. allen, thank you so much for joining us from ukhospitality. lets take a look at the markets. as we start a new trading week. last week was a mammoth week for global markets. we had the us federal reserve meeting of course which ended as expected with no change as far as interest rates are concerned and sorry to say we can't show you the numbers at the moment but that is all from business today stop have a good day. i will see you soon. hello. sunday was a day of contrasts. we had some warmer weather than we've had for nearly two weeks where the sun shone — 22 degrees in southern areas, that's average — but a cool 12 degrees under that band of cloud and rain. now, that band of cloud and rain is all associated with this area of low pressure, which has been around since friday — thursday—friday, in fact. it's sinking southwards — the band of rain — as the low pressure starts to pull away. so, we will find that it turns a little lighter, the rain, as it drifts its way southwards but still a few heavy bursts on it, a lot of cloud and some mistiness over the hills. to the north of that, a few showers, but quite cool forjune and cool in southern areas. first thing might be a little bit of dawn mist, but some sunshine. now, gradually through the day, that band of rain will sink southwards and start to break up, so allowing some drier, brighter weather but could be the focal point for some of the heavy showers, rumbles of he thunder, and there will be quite a cluster of showers following on behind to scotland and northern ireland. but in contrast to sunday, temperatures will get to around about 17 or 18 and still pretty warm further south, and those sorts of temperatures around about the average. it's not promised to dry — there'll still be a good scattering of heavy showers around — but at least with the strong june sunshine in between, we are seeing temperatures or realising temperatures where they should be for the time of year. but a subtle change to the northerly again across the northern half of the uk through sunday night and into — sorry — through monday night and into tuesday and so, it will be again a tad on the cool side tuesday morning. but we're watching developments also in the south. later monday and into tuesday, this could brush certainly cloud if not rain across the channel islands into the south of england. but this ridge of high pressure through the week should keep many places drier than they have been for a while and allow some more sunshine, so it'll feel warmer. but you can see the potential for the blanket of cloud across southern areas, possibly some rain. showers still with us, particularly in central and northern areas, one or two heavy ones as well on that northerly breeze, so it could actually be a bit cooler on tuesday again for northern scotland but again, not too bad — temperatures getting to around the average for the time of year. and that's the way it's set to stay for the rest of the week, but certainly not promising it dry. there'll be some showers around and that risk of rain both for the north and the far south. so, you can, as ever, stay up to date on the website. but it does look a little drier and a little warmer as we go through this week. good morning, welcome to breakfast withjon kay and sally nugent. 0ur headlines today... england make a winning start to the euros, with a 1—0 victory over serbia. gareth southgate has said jude bellingham is writing his own script, as thousands celebrated the goal that got england off to a winning start. it's hoped the tournament will give it much needed boost to pubs and bars across the uk. i it much needed boost to pubs and bars across the uk.— bars across the uk. i am in essex where this _ bars across the uk. i am in essex where this whole _ bars across the uk. i am in essex where this whole area _ bars across the uk. i am in essex where this whole area was - bars across the uk. i am in essex| where this whole area was packed last night with fans watching the game. i will find out how much the next few weeks could be worth to places like this. reform uk is set to unveil what it's calling a contract with voters ahead of next month's general election. a third food manufacturer has recalled products because of fears they could be contaminated with the e.coli bacteria. good morning. it's monday, the 17th ofjune.