Transcripts For BBCNEWS World 20240704

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what has caused this? essentially this is investors _ what has caused this? essentially this is investors giving _ what has caused this? essentially this is investors giving their- this is investors giving their verdict on the state of the company showing their face, verdict on the state of the company showing theirface, or in verdict on the state of the company showing their face, or in this case, their lack of faith. in your introduction you indicated that shares have been suspended on the hong kong stock exchange for 18 months. investors haven't had any opportunity during that time to show what they feel about the company, through their buying and selling of shares. they have had the opportunity they have sold off that stock and that gives you an indication of what they feel about the company. it has debts of more than $300 billion, a staggering amount of money. they occupy a sector which is experiencing a number of difficulties. people in china are buying fewer homes because thatis china are buying fewer homes because that is where evergrande builds its homes, in china. essentially it is just a verdict on the state of evergrande at the moment. it is not 'ust evergrande at the moment. it is not just evergrande. — evergrande at the moment. it is not just evergrande, is _ evergrande at the moment. it is not just evergrande, is it _ evergrande at the moment. it is not just evergrande, is it because - evergrande at the moment. it is not just evergrande, is it because my i just evergrande, is it because my other companies in the sector also facing scrutiny. other companies in the sector also facing scrutiny-— facing scrutiny. that's true. other companies _ facing scrutiny. that's true. other companies in _ facing scrutiny. that's true. other companies in the _ facing scrutiny. that's true. other companies in the property - facing scrutiny. that's true. other companies in the property sector| facing scrutiny. that's true. other i companies in the property sector in china have had difficulties. they are struggling to pay back debts. it is caused by a number of problems. this partly because of the model these companies use. in china, quite often people pay for houses upfront before they are even built. companies have been getting this cash in and using that to pay builders to build houses that other people have bought. it is a long chain of debt that they have built up. the chinese government tried to stop companies doing that, that squeezed them initially, but also, the backdrop to all of this is the chinese economy, which hasn't rebound and as expected after coronavirus restrictions were lifted. people aren't buying as many homes, so the whole model is slightly falling apart. this is a big problem in china, particularly china, because the real estate sector occupies a bigger part of the economy than it does in many other countries. there is also a political aspect to this as well. if you have all these people in china who have paid for homes and aren't yet built, you have a potential political problem, because they are not going to be happy. problem, because they are not going to be happy-— problem, because they are not going tobehau. ., , . ., to be happy. thank you very much for “oininu us. to be happy. thank you very much for joining us- i — to be happy. thank you very much for joining us- i am _ to be happy. thank you very much for joining us. i am sure _ to be happy. thank you very much for joining us. i am sure will— to be happy. thank you very much for joining us. i am sure will come - to be happy. thank you very much for joining us. i am sure will come back. joining us. i am sure will come back to this very soon. the us commerce secretary, gina raimondo, is in beijing for talks with her chinese counterparts. she says it is "profoundly important" that the world's two largest economies have a stable economic relationship. the two sides have been wrangling over a wide range of issues, including the supply of microchips. monica miller has the latest from our asian business hub in singapore. secretary raimondo told reporters, even before she got on the plane, "if you are looking for a tag line for this trip and mission, it is that the us needs to protect what they must and promote where they can." and that is a very delicate dance to strike. one of the first meetings she will have will be with china's minister of commerce. one of the main topics of discussion will be the tech war we have been hearing so much about. relations continue to be tense as the united states works with allies to block china's access to these advanced semiconductor chips with export controls that are in place. the us has said they are worried this technology will be used by china's military at a time when geopolitical tensions between the two are incredibly fraught. in retaliation to that, beijing restricted shipments from the prominent chip company maker micron technology. they also raided and fined american firm mintz group about $1.5 million for doing what they called unapproved statistical work. they also detained five chinese nationals who are working for the company, back in april. secretary raimondo has said that the world's two top economies need to have some sort of stable relationships and many big american companies that are doing business there also asking for the same. the key to this is regular communication to avoid conflict, which has been really hard for these two to come by. she is the fourth senior us official to head to china in less than three months and that is to try to reset this relationship between the two countries. china is in a tricky spot right now because its economy is showing signs of slowing down and they are desperately trying to draw foreign investment back onto its shores. in other news.... the billionaire founder of the electronics giant foxconn, terry gou, says he'll run for the presidency of taiwan. mr gou will stand as an independent injanuary�*s election, after failing to become the candidate for the main opposition party. he said his company's huge investments in china gave him the knowledge and ability to keep taiwan safe. china has halved the tax on purchases made on the stock market in an effort to boost share trading. the current rate is 0.1%. the finance ministry said it hoped the cut would boost investor confidence. china's stock markets have slumped over recent months. earlier this month, san francisco voted to allow robo, or driverless—taxis, to operate 2a hours a day. passengers have to book and pay for the journey via an app. but after a high profile accident, there are renewed safety concerns, and some people want them off the road altogether. here's james clayton. one of the things that surprises many visitors when they arrive in san francisco are these things. driverless robo taxis. they're all over the city. this is me ordering one on my phone. one minute away, there's a cab just around the corner. but before i could even get in, a member of the public approached us with a warning. i think they're not safe cos i saw a guy that was in the crosswalk at night, almost got hit by it. well, thank you very much, sir, cheers. not exactly the ideal thing to hearjust before you get into a cab with no driver. i've been in these cars a few times now and it never changes, it's always totally surreal. it always feels nerve—racking when you first start, and it's really surprising how quickly itjust becomes totally normal. but the first few sort of roads you come across, t—junctions, you're kind of always slightly apprehensive. let's see how this does. 0ur ride was perfectly uneventful, but the city itself is divided over these cabs run by two companies, waymo and cruise. earlier this month, san francisco officials green—lighted the use of robo taxis for 2h hour use, only to then restrict their use after an accident between a driverless cab and a fire engine. authorities are investigating. the flip—flopping is emblematic of a city unsure about whether to embrace these robo taxis. and some have even taken to the streets in protest. a group called safe streets rebel has been disabling the cars by putting cones on their bonnets. a video they put out injuly has gone viral. first, find a cone. make sure their car is empty and repeat. it's not entirely clear whether what they're doing is legal so a spokesperson for the group agreed to be interviewed under the condition of anonymity. how would you describe your group? are you vigilantes, are you a campaigning group, what are you? we're definitely not vigilantes. i think we're just a group of people, we don't like cars and we're doing what we can about it. however, driverless car companies have hit back, saying what the group is doing is bad for road users and is vandalism. waymo says what you're doing is vandalism. how do you respond to that? it's not vandalism because that requires property damage and we're not damaging anything. as soon as you take the cone off the cars are right back to working condition and on their way. they hope to expand across america and beyond. but others here in the city hope they ultimately fail to convince authorities the technology is ready. james clayton, bbc news, san francisco. how do you feel about the increasing role of ai? does it freak you out — or are you quite relaxed about it? it's affecting many aspects of modern life, like the way we work, shop — or even order a takeaway. and the ability to roll with these changes is being called a "growth mindset". joining me now is leadership expert lorraine mills from right management. thank you so much forjoining us. talk me through what a growth mindset actually is.— talk me through what a growth mindset actually is. good morning. a urowth mindset actually is. good morning. a growth mindset _ mindset actually is. good morning. a growth mindset is _ mindset actually is. good morning. a growth mindset is a _ mindset actually is. good morning. a growth mindset is a set _ mindset actually is. good morning. a growth mindset is a set of— mindset actually is. good morning. a growth mindset is a set of beliefs - growth mindset is a set of beliefs that leaders may hold about whether or not they can personally change, and whether or not other people can change, and they will deliver that through a range of behaviours, but thatis through a range of behaviours, but that is all driven from a set of beliefs. the opposite of that is a fixed mindset, which is where you have a belief that you are a fixed quality, your intelligence, your talents. you have to make the best of them, they are what you have, and you and others are unlikely to be able to change.— you and others are unlikely to be able to change. isn't this the sort of conflict in _ able to change. isn't this the sort of conflict in human _ able to change. isn't this the sort of conflict in human mindset - able to change. isn't this the sort of conflict in human mindset that| of conflict in human mindset that has been with us throughout? is there anything special about the growth mindset applied to today's circumstances? yes growth mindset applied to today's circumstances?— growth mindset applied to today's circumstances? yes i think so. what we are finding _ circumstances? yes i think so. what we are finding that _ circumstances? yes i think so. what we are finding that the _ circumstances? yes i think so. what we are finding that the businesses i we are finding that the businesses we are finding that the businesses we are finding that the businesses we are working with, and the organisations that we hear on your programmes, businesses moving so fast. the technology is moving so fast. the technology is moving so fast that individuals are needing to adapt and change on a personal level, and organisations needing to adapt much faster than ever before. that ability to listen, to experiment, growth mindset means you are able to leveraged the brains of the people around you. you don't have to be the smartest person in the room. ideally you have the smartest person in the room with you. a growth mindset is really about being open and engaging with those opportunities, whereas the fixed mindset is about avoiding the challenge or trying to be a superhero and solve the problems on your own, neither of which is going to be successful, given what is happening in the world around us today. happening in the world around us toda . ., ., happening in the world around us toda. ., ., happening in the world around us toda . ., ., y., , today. how do you foster this mindset? _ today. how do you foster this mindset? at _ today. how do you foster this mindset? at an _ today. how do you foster this mindset? at an individual- today. how do you foster this i mindset? at an individual level today. how do you foster this - mindset? at an individual level it is about challenging _ mindset? at an individual level it is about challenging yourself, - mindset? at an individual level it i is about challenging yourself, about self—awareness, avoiding being in an echo chamber which is very current with many of the debates we have now about how information is shared. really seeking to look for the opportunity to hear a different view. and embracing diversity and inclusion, but notjust having a diverse range of opinions around you, really engaging and listening to those and really adapting and changing. you can work as an individual leader, you can work as any employee on your growth mindset, pushing yourself out of your comfort zone as often as possible, and realising that, actually, when things go wrong, it is an opportunity to learn, rather than a sign of failure.— sign of failure. ok, let's see if we can foster— sign of failure. ok, let's see if we can foster an _ sign of failure. ok, let's see if we can foster an open _ sign of failure. ok, let's see if we can foster an open mind - sign of failure. ok, let's see if we can foster an open mind set. - sign of failure. ok, let's see if we i can foster an open mind set. thank you so much forjoining us. that is it for the programme. join me for much more later on on bbc world news. for english heritage, the last four years have been a labour of love in this part of derbyshire. a team of specialist workers has been busy but yellow it is meant to have a roof on it, and without the roof on it, you get a lot more deterioration of the stone and of the historic plans to work. ~ , ~ ., stone and of the historic plans to work. ~ , ~' ., ~' , stone and of the historic plans to work. ~ , ~ ., ~ , .,, work. we were very keen to keep as much of the — work. we were very keen to keep as much of the original— work. we were very keen to keep as much of the original plaster - work. we were very keen to keep as much of the original plaster work i much of the original plaster work and to repair the stonework, and to make the site accessible for people to come and find out the whole story of best of hardwick. what to come and find out the whole story of best of hardwick.— of best of hardwick. what really stands out _ of best of hardwick. what really stands out is _ of best of hardwick. what really stands out is the _ of best of hardwick. what really stands out is the decoration i of best of hardwick. what really stands out is the decoration of i of best of hardwick. what really i stands out is the decoration of the plaster walls. they show on eight pictures and date back 400 years, around 500 people a day have been visiting the building since it reopened. but like the forth road bridge, the work never really stops. the place will continue to deteriorate. it is an old building and it is not getting any younger, like the rest of us. there will be conservation work to be done in the future, but if we hadn't done anything, it would have deteriorated much more quickly, and we wouldn't have been able to allow the public in because itjust wasn't safe. hello. i'm ben croucher with the latest from the bbc sport centre. we'll start in new york where tennis' final major of the year gets under way in a couple of hours. the us open at flushing meadows. 0n the men's side, will we get another showdown between carlos alcaraz and novak djokovic? 0n the women's — can iga swiatek defend the title she won last year. well, she and djokovic are the big names on arthur ashe court on monday. every grand slam i play right now is a goal and opportunity to make more history. of course there is a big significance to that. i wouldn't say, it adds a bit more that i haven't played here for two years, it is just the feeling is pretty much the same. i it isjust the feeling is pretty much the same.— it isjust the feeling is pretty much the same. ~ , ., much the same. i feel like in grand slams i much the same. i feel like in grand slams i am — much the same. i feel like in grand slams i am more _ much the same. i feel like in grand slams i am more efficient - much the same. i feel like in grand slams i am more efficient and i much the same. i feel like in grand| slams i am more efficient and these other_ slams i am more efficient and these other tournaments i on, that i work too, to— other tournaments i on, that i work too, to have — other tournaments i on, that i work too, to have the best shape. so for sure i_ too, to have the best shape. so for sure i am _ too, to have the best shape. so for sure i am using that, but on the other_ sure i am using that, but on the other hand. _ sure i am using that, but on the other hand, you can take anything for granted. other hand, you can take anything for granted.

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