Transcripts For BBCNEWS Asia 20240704

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football. they will have to compete for the best players. and what one club will play a lot of club will trump. the transfer fees will grow as the sport and the demand to watch it grows. sport and the demand to watch it crows. ., ., ., , it grows. the tournament has been seen — it grows. the tournament has been seen as _ it grows. the tournament has been seen as a _ it grows. the tournament has been seen as a watershed - it grows. the tournament has - been seen as a watershed moment for women sport and raises questions about investing in the next generation of footballers. over the weekend australia's prime minister pledged 200 million australian dollars, that's about a us two women sport. one perhaps overlooked area that is stopping women from getting into football has been facilities such as changing rooms many are old and they don't even have much privacy and were built for men back when there were far fewer female players. katie silver has this report. a club two hours north does sydney women on the field are now a permanent fixture. just a few years ago they were on the sidelines watching their partners play when they decided they wanted a bit of the action. the trouble was, there was only one change room for everyone to use and it had a communal shower. everyone to use and it had a communalshower. i everyone to use and it had a communal shower.— everyone to use and it had a communal shower. i know what it is about men _ communal shower. i know what it is about men and _ communal shower. i know what it is about men and women - communal shower. i know what it is about men and women but - is about men and women but women don't tend to enjoy sharing with other people watching. sharing with other people watching-— sharing with other people watchinu. n,, ., ., sharing with other people watchinu. m, ., ., ., watching. most of the women and uirls watching. most of the women and girls change _ watching. most of the women and girls change in — watching. most of the women and girls change in their _ watching. most of the women and girls change in their cars - watching. most of the women and girls change in their cars or - girls change in their cars or went home. there were other challenges too.— went home. there were other challenges too. when i had my little airl challenges too. when i had my little girl i _ challenges too. when i had my little girl i was _ little girl i was breast—feeding. i would little girl i was breast—feeding. iwould have little girl i was breast—feeding. i would have to come _ breast—feeding. i would have to come off— breast—feeding. i would have to come off at half—time so that i could — come off at half—time so that i could feed her. most facilities in most — could feed her. most facilities in most places it means you sit in most places it means you sit in the — in most places it means you sit in the hack— in most places it means you sit in the back of your car and you run up— in the back of your car and you run up a — in the back of your car and you run we hill— in the back of your car and you run up a hill or you run 200 metres so— run up a hill or you run 200 metres so you can sit there and feed _ metres so you can sit there and feed your— metres so you can sit there and feed your at half—time. it metres so you can sit there and feed your at half-time.- feed your at half-time. it was exneriences _ feed your at half-time. it was experiences like _ feed your at half-time. it was experiences like these - feed your at half-time. it was experiences like these that i feed your at half-time. it wasl experiences like these that led the club to obtain a government grant to bid facilities made with women in mind. now the club has bench seats for breast—feeding, partitions room for privacies hoping to attract younger players like 16—year—old test. i younger players like 16-year-old test. younger players like 16- ear-old test. ~ ., 16-year-old test. i feel like a more inclusive _ 16-year-old test. i feel like a more inclusive environment i 16-year-old test. i feel like a i more inclusive environment will help you get girls without seeing they have a space for them, specifically for them and that supports them we can get a lot more people to come in, especially young girls which is what we need. in especially young girls which is what we need.— especially young girls which is what we need. in australia that there is more _ what we need. in australia that there is more and _ what we need. in australia that there is more and more - there is more and more demand for women and girls to play the sport. and state governments have been ploughing millions of dollars into improving infrastructure. something businesses are taking advantage of. the new south wales government has also set aside 25 million australian dollars or 60 million us dollars in grants this yearfor or 60 million us dollars in grants this year for clubs wanting to build female friendly facilities. they have seenin friendly facilities. they have seen in orders to build changing rooms that can be easily transported a quickly assembled on site. the boss says it makes financial sense for clubs to invest in building more amenities for women sport. if you've created an infrastructure way you now appealing to the whole community that it stands to reason that your membership will go out, the number of games you could put on the field will go up for them and therefore your fees and revenue will go up. therefore your fees and revenue will go lip-— will go up. for many the success _ will go up. for many the success of _ will go up. for many the success of this - will go up. for many the success of this world - will go up. for many the | success of this world cup is not counted just in the millions of fans but also in the millions of dollars spent on women's sports to upgrade facilities and create a lasting legacy, notjust at facilities and create a lasting legacy, not just at the professional level but at the grass roots as well. to china which is expected to make the biggest cuts this year to two of its court lending rates. that's because they've been a slew of economic data which showed slowing growth in the world second biggest economy. in a statement released on sunday the country central bank urged lending to companies to boost growth. telling me what he makes of china's current economic challenges. it certainly true that china's economy has reacted more rather than a bank post covid. one of the challenges the chinese authorities face in terms of getting the right policy mix to kick—start the economy. when you look at the scale apply to china in the post covid environment it pales significant relative to the scale of supply and other countries in similar stages of the economics. it's certainly facing an uphill battle. aha, the economics. it's certainly facing an uphill battle.- facing an uphill battle. a lot of peeple — facing an uphill battle. a lot of people seem _ facing an uphill battle. a lot of people seem to - facing an uphill battle. a lot of people seem to be - facing an uphill battle. a lot of people seem to be expecting a rate cut later today. would that be enough in your view or where they need to implement more aggressive stimulus measures? at more aggressive stimulus measures?— more aggressive stimulus measures? �* ., measures? at the margin... the truth is it's _ measures? at the margin... the truth is it's unlikely _ measures? at the margin... the truth is it's unlikely to _ measures? at the margin... the truth is it's unlikely to have - truth is it's unlikely to have much of an impact. i think the expected size of the cut is 50 basis point. when you think about that in real terms it means that every thousand dollars borrowed thatjust cheapens the loan by about $1 50. it's quite marginal. that symptomatic of the fact that there's not been a big bazooka type stimulus out that the authorities authority economy. we've been talking about the housing crisis ever since 2021, ever grant making a huge headline filing for bankruptcy protection in the united states. another giant country garden warning of losses. do you think, are you worried about the housing crisis? a lot of people seem to be talking about the shadow banking crisis thatis about the shadow banking crisis that is linked to the property crisis as well.— crisis as well. the property sector problems _ crisis as well. the property sector problems in - crisis as well. the property sector problems in china . crisis as well. the property i sector problems in china have been known about for several years. there is no great surprise. china is trying to balance several objectives at the same time put up some of which are not necessary consistent with each other. the authorities are trying to make sure growth is fast enough to ensure social harmony. at the same time they're trying to d levy the economy and make sure the property sector is in the fittest state. against that they're trying to balance their geopolitical objectives. it's a pretty tricky set of objectives they are trying to balance. the debt is not _ they are trying to balance. the debt is not just _ they are trying to balance. the debt is notjust the property sector this year but also local governments and other industries without exactly that is one of the ways we sought local governments that flew back from themselves is by land sales for the land in itself is contingent on the use of that land building houses. if contingent on the use of that land building houses.- land building houses. if the and clients, _ land building houses. if the and clients, much - land building houses. if the and clients, much more - and clients, much more difficult for local governments find themselves in. a lot of change in the activity here by chinese authorities will be struggling to put it right. this struggling to put it right. as we mentioned the people's bank of china will be reviewing its loan prime rates. these are used as references for mortgages and loans to businesses. the five and one year loan prime rate rn figures. the five—year was the last of 4.2% and a one year at a record low of 3.55% after a small reduction injune. it is also a busy week for other central bankers in the us, europe and here and asia. later in the week many will be attending an annual bankers meeting in the united states. from the 24th two the 26th of august the us fed hosts its annual economic symposium in jackson hole wyoming, which includes a speech from chairman jerome powell. south korea's central bank then reviews its benchmark interest rates, currently at three and half percent and there are suggestions by analysts that it could become one of the first central banks here in asia to reverse its tightening cycle, thatis reverse its tightening cycle, that is to cut interest rates. at the end of the week we will be getting an initial inflation figures for the month of august injapan. this comes after the bank ofjapan's tweak injapan. this comes after the bank of japan's tweak to injapan. this comes after the bank ofjapan's tweak to a policy allowing interest rates to rise more freely but narrowly in response to higher prices. before we go, from today the retailer tesco says it will cover the sales tax of its own brand period underwear to make them more affordable for customers. it reduces the price by 20% and brings that period pans in line with other period pans in line with other period products which are tax—exempt. a campaign has been launched with tesco has joined calling on the british government to re—classified period parents so they are exempt this tax. that is it for this addition of asia business report. i will be back with newsday at the top of the hour. to join me if newsday at the top of the hour. tojoin me if you can. thank you for watching and do stay with bbc news, sport is coming up with bbc news, sport is coming up next. bbc news — bringing you different stories from across the uk. the end of another busy panto season. but for veteran dame david robins, the work doesn't end there. these elaborate wigs are all made in his nottinghamshire workshop and it's a process that starts in the winter. some people have brought back ones that are a0 years old to be refurbished. so a lot of the the first part of my year from panto finishing is refurbishing, re spraying and basically getting wigs back to look brilliant. it's a full time job for david. he creates an estimated 60 to 80 wigs a year for dames across the country and repairs over 100 more. he says he's the only person in the country that still does it after taking over the business from his own suppliers seven years ago. they said to me, we'd like to retire and you're the only person we can think of who could take over the business. so that's exactly what i did. and from then on, it's just been an absolute joy. it's christmas all year round here in the studio. but now david is worried for the future of the business after his suppliers have stopped making the synthetic fibres he relies on. for more stories from across the uk, head to the bbc news website. from across the uk. in the long shed next to the river deben, an extraordinary endeavour is taking shape. the painstaking recreation of the world famous sutton hoo burial ship. using tools anglo—saxon shipbuilders would have used. the latest recruits are three apprentice joiners, just massively appreciative of their craft and what they did and how they engineered these things to go on. on the sea. since its discovery in 1939 by the local archaeologist basil brown, the story of sutton hoo and its extraordinary treasures has enthralled the world. built in around 600 a.d., the ship is thought to have been the final resting place of king rat world. backed by sponsors, donations and more than 100 volunteers. the charity, the sutton, whose ship company began reconstruction in 2019. it's an experiment where we're we're building the best guess we can of of what that ship looked like. but it'll only be proved once we get it on the water. once the planks are in place, the inside will be fitted out with seating for a0 rowers. if all goes to plan. the launch and river trials will take place in the spring of 2025. for more stories from across the uk, head to the bbc news website. hello and welcome to sportsday — i'm chetan pathak, coming up on the programme... champions of the world — spain beat england to win the women's world cup. the fastest man on the planet — america's noah lyles takes gold in the hundred metres at the world championships in budapest. and big spenders chelsea are beaten as west ham take all three points in the london derby. welcome along, thank you forjoining us. it's being described as a win that could supercharge women's football in spain after they beat england 1—0 to win the world cup in sydney. the goal that proved to be the winner came from captain olga carmona — the left back that also made the telling contribution in the semi final. and spain could have won by more — awarded a penalty for handballjeni hermoso's spot kick was saved by mary earps. but england couldn't find a way back despite 13 minutes of injury time at the end and spain were eventually able to celebrate a famous win in only their third appearance in the tournament. just incredible to be champions of the world, it is something that i think anyone could dream of, i thinkjust incredible and ijust wanted to share i it with my family. we know their quality, we have a really good team, that is why we have been doing a lot of work, but we were confident in ourself, and finally we showed the world how we can play and how it is. of course, everyone was very disappointed that we didn't win the game. at the other hand, i think we can we can be very proud of ourselves, only it doesn't feel that way at this moment. that takes a little bit of time because now the most yeah,

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