Mainland china, but less is flowing out. We find out why. And digging up of diversity. The Philippines A Posture the Environment Secretary defends her decision to shut down mines. Philippines Environment Secretary. Glad you could join us for this midweek edition of Asia Business report. Im rico hizon. New figures reveal investors are putting more money into china but chinas Investments Overseas are falling. More than 7 billion us has been invested in a mainland so far this year, nearly double the same period in 2015. Outbound this year, nearly double the same period in 2015. 0utbound deals have dropped a0 . Managing i asked how long it could continue. The projection is that the currency outflow issues will last for the first half of 2017 and there will be a pickup Going Forward after the outflow issues have been curtailed a bit. Certainly it is in chinas interest not to clamp down to tightly on all of the Outbound Investments of the market players. It is speculated that later in the year there will be a pickup on Outbound Investment and a lot of the restrictions may be eased. On m push into the mainland . Is both push into the mainland . 5 w is both short lengfterm t lengfterm f . E . H . §7 w t the because is the population is ageing, the sectors to ageing, the sectors are related to consumer staples, fast moving consumer staples, fast moving consumer goods, retail, entertainment, leisure, recreational options for the new wealth thats being created in a middle class. From a democratic perspective because of the ageing population there is a greater need for healthcare. Pharmaceuticals, health foods. And on the care side for seniors, since theres fewer extended family to care for seniors, the fact that Senior Care Facilities and housing would be a sort after thing as well. For Foreign Investors we field . Two responses. Playing field . Two responses. Firstly, the regulations that came out at the end of 2016 have opened up out at the end of 2016 have opened up more of the economy. More sectors of the economy. The negative list is shorter, so there are more opportunities to invest, as well as streamlining the process for investing in china by Foreign Investors. The second issue is risk management. Foreign investors tend to be better at managing the risks, of Doing Business in china over time. They compare china with other emerging market risks and it is something they can manage. The Indian Government is pushing back against us president Donald Trumps protectionist talks on jobs. Narendra modi wants the us to have a balanced and long term view on issue of skilled workers. Lawmakers have been visiting india, as well as the microsoft boss, who has met the Information Technology minister. He says the us should recognise the contribution Indian Companies make to its technology industry. They are creating value, they are creating employment. They are creating potential. A large number of american there potential trade war between is a potential trade war between china and the a is a potential trade war between china and the a drop in china and the us and a drop in tourism is hitting the economy. We will find out how bad the impact this when hong kong unveils its growth begins later today. A sharp slowdown last year is expected and the forecast this year isnt much better. What can hong kong do about it . When we at 1 1 previous of retail the previous years of retail sales in kong it the previous years of retail sales in kong it was very much driven the previous years of retail sales in kon tourists. Ery much driven the previous years of retail sales in kon tourists. And 1uch driven the previous years of retail sales in kon tourists. And the| driven ii mfl more 7 more 1 52 5 h f the same 55; domestic n w 7 at the same time the domestic spender wasnt really and. , more if the have korea, lgr dd destinations in even the once vibrant financial and even the once vibrant Financial Sector has been plagued with layoffs and dwindling stock market turnover. It isa and dwindling stock market turnover. It is a very interesting situation from a stock market perspective. We are seeing a revival in sentiment in certain shares, coming from the southbound trade programme, that means mainland money coming through. But dont underestimate the odd venereal spirit of hong kong. You will always bounce back yes. What about global protectionism . At the biggest fear of investors in 2017 and Going Forward during this term of president donald trump. How much would hong kong suffer if a trade war between america and china . M suffer because dont forget hong m mm 25,5; if; a; w, 5. 7 7. 7 55,5; if; 5. 555 55,5 5. 5 5. 55 7 it 55,5 52. 9545 5. 555 55,7 7 77 7 it isa 55,5 52. 9545 5. 555 55,7 7 77 7 it is a real risk for products. It is a real risk for market as global trade, the environment is a so growth was 555551 has W V555 Cut 555551 has W V525 Cut 350 75757 Off Its 7 7 w 7 agreed to cut 350 million off its original asking price in the sale of its Internet Business to telecoms giant horizon. This comes after two huge cyber attacks, ending attacks. The Worlds Largest retailer has been a boost in sales. Walmart reporting profits of 1. 8 higher than investors expected. An increase growth. Worlds in more than profits are coming in at more thfifif billion l the 3. 2 billion in the six months until december and thats an eightfold increase compared to the same period one year ago. The rebound in Commodity Prices boosted business confidence. Bhp gave shareholders a bigger than expected dividend of a0 cents per share. Mining companies in the philippines face different prospects. Philippines Environment Secretary is stepping up a campaign to shut downsides that she says are causing damage. Gina lopez has 75 Mining Contracts in sensitive coastal areas. This report on the impact on £1. On town. The city of santa cruz is 260 kilometres north of the capital, manila, and is home to four mines closed down by the environment minister gina lopez. 0ne closed down by the environment minister gina lopez. One of the largest mining firms suspended its operations lastjuly, while the government conducted a months law mining audit. The companys corporate manager says it has cut 1150 jobs. Translation as of this moment we dont have any operations and everyone is sad and looking for jobs elsewhere. Gina lopez says the mines ordered closed have caused environmental damage along the coastline. There should be no mining in these areas because it will affect the quality of life there. She has promised aid for communities affected, saying eco tourism, farming and forestry could offset the loss of the mines. What critics say gina lopezs decision will ruin the livelihoods of over 1 decision will ruin the livelihoods of over1 Million People will wipe outjobs. The of over1 Million People will wipe out jobs. The local union of over1 Million People will wipe outjobs. The local Union Leader Says he doubts of santa cruz could be transformed into a Tourist Destination that could compete with other popular islands in the philippines. Translation she is saying she can give jobs to those places that can be potential tourist spots. Yes, i believe she can do that. But how about our town here in sa nta that. But how about our town here in santa cruz . We cant offer anything. Our islands here are too underdeveloped to become a Tourist Destination. However, gina lopez has the support of local environmentalists, who Play Mining Activities for clogging and contaminating waterways and causing landslides. Translation the dangers outweigh the benefits it can give. We are still hoping to live until the next generation. We have children and grandchildren who depend on the environment. Now, if our environment is destroyed, how will they live on . The philippines has been the worlds top supplier of nickel ore since 201a, when indonesia banned exports of unprocessed minerals. In the markets, asia is inching higher in early trade after fresh record highs on wall street. That was due to news on Eurozone Activity accelerating to a six year high and the dollar gained against was the japan, hong kong and australia in positive territory. As for your time. Sport today is coming up. This is bbc news. A heterosexual couple have lost a legal challenge against a law barring them from having a Civil Partnership. However, the judges said the couple did have a potential case for discrimination. Mark easton reports. In 2005, eltonjohn and David Furnish became one of the first gay couples to form a Civil Partnership, the governments answer to growing demands that homosexual partners enjoy equal rights to married heterosexual couples. In 201a, elton and david had another wedding, converting their Civil Partnership to a Same Sex Marriage as the law extended marriage rights to homosexuals. Thousands of gay and lesbian weddings followed. But evolving rights for same sex couples got some heterosexual partners like Rebecca Steinfield and Charles Keidan asking the courts why they couldnt have the same choice. They didnt fancy the baggage of getting married, but wanted the Legal Protection of a Civil Partnership. Today, at the high court, they lost their case, but claimed the detail of the judgment meant theyd won the argument. All three of the judges agreed that were being treated differently because of our Sexual Orientation and that this impacts our private and family life. All three rejected the argument that we could just get married. All three emphasised that the government cannot maintain the status quo for much longer. The judges said they thought government should have more time. We are handing down ourjudgments today. Ministers have been wrestling about what to do about civil partner partnerships ever since Same Sex Marriage became legal in 201a. It is an important matter of social policy. Ministers ordered a review, which under helpfully simply told them the public was deeply divided on the issue, keeping them as they are, extending them to all or abolishing them completely all options on Civil Partnerships were opposed so the government decided to do nothing. Some dismissed Civil Partnerships as a political stopgap, a second rate marriage. They confer the same rights as marriage, the right to be next of kin, access to your partners estate and their pension but, unlike marriage, adultery is not grounds for legally annulling the relationship. Thousands of same sex couples have converted their partnership to a full marriage and theres been a big drop in new Civil Partnerships. Government has always said it wanted to see what effect Same Sex Marriage would have before changing the law. Some now argue theyve had long enough. The government has to wake up and smell the coffee. There is a growing feeling this needs to happen. Theres a growing appreciation, backed up by the court today, that this is inequality that cannot go on. The problem for ministers is that having invented Civil Partnerships, they cannot uninvent them and whatever they do now is bound to outrage some. Mark easton, bbc news. Hello, this is sport today, live from the bbc sport centre. Coming up on this programme Manchester City come from behind to win, putting five past monaco in the champions league. And on a night of goals, last years beaten finalists Atletico Madrid win a 2 away to bayer leverkusen. Plus Angelique Kerber is just four wins away from regaining the world number one ranking. Hello and welcome to the programme, where we start with the Ljefachampions in the last 16 on tuesday. Manchester city and Atletico Madrid were the winners on a night when 1a goals were scored. Manchester city beat monaco 5 3 at the etihad stadium, where Raheem Sterling opened the scoring for city after 26 minutes. Radamel falcao then scored two goals for the French League leaders, and missed a penalty, as they came from behind to lead