artificial intelligence and other developing artificial intelligence like robotic and quantum computing are important for long—term growth. a senior strategist gave us his highlights. i think that there are two things that really catch my attention. one is the government's emphasis on improving co—ordination between governments, local governments and local governments and the central government. now, not many people talk about this. but i think this is quite important, because if this co—ordination programme or plan is implemented effectively, it will go a long way to improve policy implementation in china. because very often, governments don't really talk to each other much, and that really slows down government implementations. this is very important for me. and the number two important thing is, as you mentioned earlier, that there's an emphasis on the development of ai tech development and so on. that goes a long way to underscore the policy framework that beijing wants to implement to develop the economy into a hi—tech industry, hi—tech new economy. now, the structural rebalancing from heavy industry polluting industry to a tech industry is implemented effectively, it will go a long way to first increase productivity, because it's the hi—tech element there, the ai element there. and secondly, to make the economy more efficient as compared to the old mode of debt, finance, investment or heavy investment orientated mode. shifting to higher tech industries as you described it — that's not a short—term prospect, is it? that isn't going to help them in the short—term with their gdp goals and youth unemployment in particular. how do you think they'll address those things? certainly, this is a medium to long—term goal, as you mentioned. in the short—term, there's from a macropolicy perspective, there's only one thing that the government can do or has to do, and that is to increase policy easing from the macro monetary fiscal perspectives. because this rebalancing towards a hi—tech economy, changing the structure of the system, is what we call the creative destruction process, which is typically disinflationary or even deflationary. because old industries are and new industries created. but the rate of destruction will be higher than the rate of creation. so the net impact on the economy is a drag on growth. so that's why macro policy comes in and it has to be at times when needed to be more aggressive in easing to protect growth so that the structural reform and the leveraging programmes can carry on. what is your outlook. more pain ahead before things improve? economic pain as ahead but beijing can handle it if it starts with the assertive easing programme it started in recent months. we see a fair chance chinese growth and chinese as prices will go on to sustain the recovery, if not the economy will be stuck in the economy will be stuck in the doldrums and chinese asset prices might go down. china is also taking steps to attract foreign investors back to the country. premier li also announced the government plans to relax restrictions on foreign investments including in areas like telecommunications and health care. that comes on top of previous announcements removing all restrictions on investing in the manufacturing sector. new foreign direct investment in china fell to the lowest level in three years last year. john stein is chair of the american chamber of commerce in china and says that the businesses are not entirely convinced by the announcements. the reason why the business community wasn't as enthusiastic as we might have hoped is that the announcement to liberalise manufacturing and those roles isn't what web businesses are looking for. the reason why foreign investment fell to the lowest number in a number of years is because of other issues. so the government knows what it needs to do if it wants to encourage investment. it needs to level the playing field. for example, china says that it is open to things that are made in china. but often made in china means made in china by a chinese company, orsometimes made in china by a chinese company in the province or the area where the item is being purchased. we also see that the government announced last august a very ambitious slate of reforms that would have gone a long way to help reassure the foreign business community that they're welcome, that their investments will be protected, and that they'll have a level playing field. and so, really where the business community is, is they're looking for implementation as opposed to promises. so promises and policy pronouncements aren't going to move markets. they aren't going to convince boards to invest. they need to see tangible action on the ground. so that's what the business community is still waiting for. japan's economy has entered a recession. the upward revision comes amid growing market expectations the bank of japan could ditch its negative interest rates as early as this month stop switzerland, norway, iceland and liechtenstein, are set to invest $100 billion in india over 15 years. in turn, india will lift tariffs on industrial products from the four european states. the deal still needs to be ratified by the four countries before it takes effect. over the last two years, india has signed trade pacts with australia and the united arab emirates. while officials say another with britain is in its final stages. now, let's turn to the middle east now where hopes for a ceasefire in gaza during the islamic holy month of ramadan have faded after mediation talks in cairo proved unsuccessful so far. that's raising concerns that the attacks on commercial ships in the red sea will increase. these attacks have been carried out by houthis who are based in yemen. a former us ambassador to yemen gave us his take to the impact of the stalled talks. what's going to happen is the threat of greater violence and perhaps even more widespread violence is going to increase because of the failure to get to a ceasefire yet. so there are several issues that were contingent on getting this ceasefire. one, of course, is the increased flow of humanitarian assistance, which is even more important during ramadan than it is at normal times of the year. and then, also, of course, we have the outstanding israeli threat of going to rafah if there was not a ceasefire agreement that was going to lead to increased release of hostages. and then beyond that, of course, we have the normal kinds of greater tensions in the west bank and injerusalem for the month of ramadan and we're going to have to grapple with that as well as both israel's northern border with lebanon. and in the red sea. and just speaking of commercial shipping in the red sea and the gulf of aden, we saw the first deaths on commercial ships last week caused by houthi militants that are based in yemen and supporting palestinians. do you think we'll see more seeing as a ceasefire hasn't materialised? well, i think that certainly, the houthis are going to continue with their efforts to attack shipping in the gulf of aden, the red sea. hopefully they will be unsuccessful and we're seeing, of course, greater co—operation among the us and its allies and partners to try to safeguard international shipping. but as we saw last week, they can't be ioo% successful. so the threat is certainly there. that was a former ambassador to yemen giving us his impact on the impact of stalled talks. the saudi giant aramco increased payments to stallholders by a third last year despite a decline with roberts. it played $90 billion in dividends while net profit fell 25% due to production cuts, the state owned firm looking to invest in china where it believes demand for oil is growing. energy prices whichjumped in 2022 oil is growing. energy prices which jumped in 2022 after russia invaded ukraine fell sharply last year. in aviation use lufthansa's cabin crew union has called on members to strike on tuesday and wednesday to press demands for higher pgy- to press demands for higher pay. the union saying saturday the strike would impact departures from frankfurt airport to tuesday and departures from munich on wednesday. lufthansa said 1100 passengers could be affected. that warned on thursday its operating losses in the first quarter would widen and gave a subdued up to 2020. an entertainment use nintendo is creating another super mario movie in partnership with a us animation studio illumination. the sequel to the super mario �*s movie will be released in select markets in 2026. the japanese firm saying the new movie further saying to put smile on everyone's faces through entertainment. nintendo has accelerated its development of non— gaming content in recent years. that's it for this edition of asia business report. this bird was spent —— found with cooking oil on its feathers in little venice in central london stop it is being cleaned at the swan sanctuary in surrey. cleaned at the swan sanctuary in surre . �* , cleaned at the swan sanctuary in surre. �*, ., , cleaned at the swan sanctuary in surrey-— in surrey. it's really serious it can cause _ in surrey. it's really serious it can cause a _ in surrey. it's really serious it can cause a lot _ in surrey. it's really serious it can cause a lot of - in surrey. it's really serious i it can cause a lot of problems. it is not something you can get them on their own they need help getting it. them on their own they need help getting it— them on their own they need help getting it. then they will no help getting it. then they will to back? help getting it. then they will go back? they _ help getting it. then they will go back? they will _ help getting it. then they will go back? they will go - help getting it. then they will go back? they will go back. help getting it. then they will| go back? they will go back but we will have _ go back? they will go back but we will have to _ go back? they will go back but we will have to wait _ go back? they will go back but we will have to wait for - go back? they will go back but we will have to wait for the - we will have to wait for the waterways to be cleaned up before they go back. fix, waterways to be cleaned up before they go back.- before they go back. a few weeks ago _ before they go back. a few weeks ago cooking - before they go back. a few weeks ago cooking oil- before they go back. a few weeks ago cooking oil was| weeks ago cooking oil was dumped into the canal there after ten and west london, and believed to be what was a kitchen for food delivery. contractors for the canal river trust trying to clear it up costing the charity £10,000 a day. it has now spread right up grand union canal to little venice and the paddington basin. so far a0 venice and the paddington basin. so far40 birds venice and the paddington basin. so far a0 birds have been brought here to shepparton, ten have died. so far there have been no prosecutions of those who dumped the oil, meanwhile may not be toxic but the charity says the oil does still have a devastating impact on wildlife. more stories from across the uk, head to the bbc news website. by by day kirsty is a hairdresser at her home salom in somerset stop in her spare time she is a champion runner and steeplechase. i champion runner and steeplechase.- champion runner and steelechase. . . steeplechase. i had health problems _ steeplechase. i had health problems in _ steeplechase. i had health problems in my _ steeplechase. i had health problems in my 30s. - steeplechase. i had health problems in my 30s. i - steeplechase. i had health - problems in my 30s. i decided that use it or lose that approach i needed to get on with it and see what i could do. steeplechase in this and athletic event on a00 metres track, held outdoors distance of 2000 metres, 3000 metres usually. fourfixed berries and one waterjump. typical sport one water jump. typical sport to one waterjump. typical sport to start in your a0s but i got into quite a good place with my running into my strength running into my strength running i could give it a go. as you can see it's not for the fainthearted.— fainthearted. just will do that one again _ fainthearted. just will do that one again i — fainthearted. just will do that one again i was _ fainthearted. just will do that one again i was to _ fainthearted. just will do that one again i was to close - fainthearted. just will do that one again i was to close i - fainthearted. just will do that. one again i was to close i need more drive and.— one again i was to close i need more drive and. she has broken british records _ more drive and. she has broken british records and _ more drive and. she has broken british records and even - more drive and. she has broken british records and even world | british records and even world records. to british records and even world records. ., . ~' british records and even world records. ., ., ~ , , ., records. to take it up in your early lt0s — records. to take it up in your early 40s having _ records. to take it up in your early 40s having never - records. to take it up in your early 40s having never done | records. to take it up in your. early 40s having never done it early a0s having never done it before is incredible stop in many ways she is redefining what is possible with age as a runner, and achieving amazing thing. runner, and achieving amazing thin. ., ., ,., thing. for more stories across the uk, head _ thing. for more stories across the uk, head to _ thing. for more stories across the uk, head to the _ thing. for more stories across the uk, head to the sac- thing. for more stories across| the uk, head to the bbc news website. hello and welcome to sports day. our top stories: all square at anfield, jurgen klopp and pep guardiola embrace a point. but that keeps arsenal top of the table. what any of those three would give for a 10—point advantage. that's what leverkusen have with just nine bundesliga games. and melbourne revenge for iga swiatek at indian wells. she meets the player who knocked her out of the australian open. hello again and welcome along to sports day. it was a meeting of two and — either which could have ended the day top of the premier league. and having struck a telling blow in the title race. in the end, neither liverpool nor city could go above arsenal with the final match withjurgen klopp and pep guardiola. when you look back at jurgen klopp and pep guardiola, you'll find games with more intensity and animosity. but perhaps, this one perfectly sums up their rivalry. two great teams and managers unable to be separated. city stunned at liverpool early and john sloanes snuck in at the near post with the corner.

Related Keywords

Meeting , Orsometimes Made In China , Economy , The World , Hello , In The Red Sea , Talks , Prospects , Ceasefire Stall , Things , Let S Begin , Gatherings , Meetings , Li Keqiang , National People S Congress , Asia Business Report , Hi Tech , Goal , Laws , Beijing , Growth Target , Law Makers , 5 , Growth , Government , One , Artificial Intelligence , Strategist , Us , Quantum Computing , Highlights , Attention , Two , Governments , Plan , Emphasis , Co Ordination , People , Programme , Way , Thing , Policy Implementation , Government Implementations , Much , Development , Policy Framework , Ai Tech Development , Rebalancing , Industry , Tech Industry , Hi Tech Industry , Investment , Ai Element , Mode , Productivity , Increase , Hi Tech Element , Finance , Debt , It , Tech Industries , Prospect , Gdp Goals , Youth Unemployment , Isn T , Medium , Particular , Policy Easing , Perspective , Macropolicy , Macro Monetary Fiscal Perspectives , Structure , Hi Tech Economy , Creative Destruction Process , The System , Policy , Impact , Rate , Industries , Destruction , Creation , Times , Reform , Programmes , Spain , Outlook , Chinese , Recovery , Prices , Asset Prices , Doldrums , Announcements , Investments , Restrictions , Plans , Investors , Investing , Steps , Country , Areas , Telecommunications , Health Care , Chair , Level , Manufacturing Sector , Businesses , John Stein , American Chamber Of Commerce , Three , Reason , Number , Announcement , Web Businesses , Manufacturing , Roles , Business Community Wasn T , Issues , Playing Field , Example , Company , Slate , China , Area , Reforms , Province , Item , Help , Promises , Business Community , Implementation , Markets , Level Playing Field , Policy Pronouncements , Business Community Is , Action , Ground , Boards , Revision , Recession , Japan , Bank Of Japan , Interest Rates , Market Expectations , Iceland , Liechtenstein , Stop Switzerland , Norway , Deal , Products , Effect , States , Countries , Set , Trade Pacts , India , Australia , European , Will Lift Tariffs , United Arab Emirates , Officials , Four , 15 , 100 Billion , 00 Billion , Ceasefire , Britain , Mediation Talks In Cairo , Another , Hopes , Stages , Gaza , Middle East , Houthis , To Yemen , Yemen , Attacks , Ships , Concerns , Take , Threat , Violence , Failure , Course , Contingent , Flow , Ceasefire Agreement , Assistance , Release , Israeli , Hostages , Injerusalem , Tensions , Kinds , West Bank , Shipping , Border , Lebanon , Deaths , Militants , Palestinians , Gulf Of Aden , Ceasefire Hasn T , Co Operation , Partners , Efforts , Allies , Red Sea , Ioo , Giant Aramco , Saudi , Firm , Estate , Decline , Payments , Profit , Production Cuts , Stallholders , Roberts , 90 Billion , 0 Billion , 25 , Soil , Energy Prices , Lufthansa , Demand , Aviation , Members , Cabin Crew Union , Ukraine , Russia , 2022 , Departures , Union , Pay , Strike , Pgy To Press , Munich , Frankfurt Airport , Passengers , Losses , Quarter , 1100 , 2020 , Nintendo , Movie , Partnership , Sequel , Super Mario , Animation Studio Illumination , Japanese , 2026 , Content , Entertainment , Faces , Smile , Everyone , Edition , Cooking Oil , Bird , Feathers , Little Venice , In Surrey , Lot , Swan Sanctuary , Problems , Surre , Central London , Something , Waterways , Canal , Cooking , West London , Fix , Ten , Charity , Canal River Trust , Contractors , Food Delivery , Kitchen , Grand Union Canal , 10000 , 0000 , Birds , Prosecutions , A0 , Have , Paddington Basin , Venice , Birds Venice , Shepparton , Stories , Head , Bbc News , Wildlife , Website , Day Kirsty , Hairdresser , Somerset , Home Salom , Health Problems , I Steeplechase , Runner , Approach , Champion Runner , Steelechase Steeplechase , My 30s , 30 , Sport , Waterjump , A0s , Event , Track , One Waterjump , Fourfixed Berries , 2000 , 3000 , Drive , Running , Strength , I Fainthearted , Place , Fainthearted , Close Fainthearted , Go , Records , Lt0s Records , World , Stop , Ways , Age , 40 , Sac Thing , Point , Arsenal Top , Square , Table , Sports Day , Pep Guardiola , Jurgen Klopp , Anfield , Games , Player , Advantage , Revenge , Leverkusen , Bundesliga , Melbourne , Iga Swiatek At Indian Wells , Australian Open , 10 , Nine , Hello Again , Liverpool , In The End , Title Race , Blow , Premier League , City , Intensity , Arsenal , Match Withjurgen Klopp , Animosity , Perfectly , Rivalry , Managers , Teams , Post , Corner , John Sloanes ,