A growing wealth gap. A chinese editor put the question to her. A growing wealth gap. A chinese editor put the question to Herli Wa Nt To Editor put the question to herli want to give our Younger Generation hoped for the future of hong kong. In terms of the economy the hope lies in diversifying the economy so it is not just lies in diversifying the economy so it is notjust Financial Services and tourism, i want more attention on technology and creating quality jobs for people, for young people. Certainly i i know that housing is important. I want to give young people the sense of hope. And, yet, this generation, some of whom in 2014 spent nearly three months on the street protesting for democracy, they may look at you and say that you have been there for the best pa rt you have been there for the best part of 40 years. It had the housing job, the developmentjob and now you are saying you are going to sort this out . The root of the problem is the politics because hong kong is a stitch up between the rich and the rulers and we do not get a look in. The government has increased spending on social welfare by 71 . And yet, and yet. The wealth gap happens in most advanced economies because it is not relativity. It was the incoming Chief Executive for hong kong. Msci has decided to include chinas a shares in its emerging markets index. Until now, only chinese shares listed in hong kong were part of the index. Msci compiles global stock Market Indices all lists of companies that investors use as a benchmark for investing decisions. Earlier i spoke toa investing decisions. Earlier i spoke to a correspondent in hong kong and asked why this decision was important. It was a widely expected decision, capping a process that took overfor years. Decision, capping a process that took over for years. During that time msci had been speaking to investors around the world as well as chinese regulators in an effort to bring asia into this highly influential index. In the last three yea rs influential index. In the last three years the proposal was rejected because of Market Access issues. Foreign investors were unable to get access to the shares to buy or sell as they saw fit. This time the proposal was scaled down from over 400 stocks to 169 stocks in the access issue was much less because those shares are accessible to Foreign Investors via hong kong. There were a couple of surprises in the announcement a few hours ago, instead of 169 different stock, it is now 222 stocks that are likely to be included into that msci index with a weighting ofjust under 0. 75 . With the inclusion of these chinese a shares, will that boost the stock price of these shares . In the stock price of these shares . In the short term, probably not. I would say that this is a significant move, certainly form of symbolic Point Of View to some say this is a watershed moment in the into into for the into into an nationalisation. If you are a fund manager benchmarking your performance against this index then essentially you are being compelled to purchase the components of this index and it is expected that over the next decade it is likely to bring 400 Billion Us Dollars worth of investment into mainland chinese shares. That is a massive fortune, 400 Billion Us Dollars that it but it is just 400 Billion Us Dollars that it but it isjust a drop in the bucket 400 Billion Us Dollars that it but it is just a drop in the bucket when you consider that chinas cup back in7 you consider that chinas cup back in 7 trillion us dollars. Stock markets will be opening in about 55 minutes so we will find out if this inclusion will have an impact. In a move that could see China Play A Bigger Ruling Carmaking for north america, ford has moved some of the production for its focus model to the mainland. The shift in production will save the company 1 billion and it comes off the back of a record year for fours sales in china. It is worse remembering that General Motors already exports be weeks from china to america but this is the first time that the number to American Carmaker will do so. They have said that no us employees will lose theirjobs and it will have no effect on employment levels. This is the second major twist from ford this year. The new ford focus was meant to be built in a 1. 6 billion factory in the central state and when it was abandoned, hurting locals, it was seen as the time of a win for President Trump and approach to us companies and global trade. Having the car made in china instead was probably not what the white house was hoping for. Some auto jobs are headed to asia and some of the Call Centre Jobs are headed to asia and some of the call centrejobs are are headed to asia and some of the Call Centre Jobs are headed are headed to asia and some of the call centrejobs are headed in are headed to asia and some of the Call Centre Jobs are headed in the other direction. Horizon is bringing jobs from the philippines back to the us. A more companies likely to follow this example . It is early afternoon here and it is knockoff time for these Call Centre Employees who often worked the night shift. Most work for a company which lost a contract with verizon. Jobs usually head on the other direction, but horizon is hiring 1000 workers in the us and they are taking the jobs from here. So with donald trump to blame . We were informed of an agreement he had where people in the us were demanding that they no longer out first. Outsourced. When a call centre pulls out in the philippines we can get a job even though the pay is not the same. The company may transfer these workers onto other contacts but right now they are bracing forjob losses. Verizon makes no suggestion that politics factors into the decision. Are workers are nervous about a president who rails against us jobs heading overseas to the us president has his name on the building behind me and it casts a long shadow over this part of town. The president himself casts a shadow over the industry. After all, he is the president who said to purchase american and higher american and mostjobs are outsourced from the us. Analysts say the competitive wages and strong english language schools should help to keep these companies are strong although there are some is short term concerns. There are some companies that have delayed plans because they are uncertain about a border adjustment tax. The basic growth of the industry is continuing. One clear measure of the health of the industry is the office space it leases and that is not low down. With the amount of work that continues to flow through, based on the leases signed in the philippines, we think that has not been affected. For the moment industry is confident it can weather any oncoming storm. In other Business News making headlines, investors will keep an eye on the troubled Electronic Giants Toshiba this morning after reports that will sell its Semiconductor Business to a japanese government led conglomerate which includes the state backed Fund Innovation network. Us toshiba needs to sell the unit to cover losses from its bankrupt us nuclear business. After months of delay, tokyos Legendary Pg Fish Market will to a new site. The governor of tokyo will to a new site. The governor of to kyo ha d will to a new site. The governor of tokyo had postponed the move over Safety Concerns at the new location. But now the governor says the move will allow the current site to be redeveloped before the world famous fishmarket returns. Translation redeveloped before the world famous fishmarket returns. Translationzlj have made a decision on basic policy of the redevelopment of the fishmarket, based on determination to uphold the brand and the tradition, created by japan to uphold the brand and the tradition, created byjapan over the yea rs tradition, created byjapan over the years and also by thinking of the next generation which must not inherit a negative legacy in the form of accumulating debt. I also hope that the brand will be the best injapan and. It is something we can be proud of. From the market in tokyo, lets look at the stock market. The nick a rebounded and the all 0rdinaries lower by 115 because of wea ker all 0rdinaries lower by 115 because of weaker oil prices. Thank you for joining us. This is bbc news. Police in brussels have shot dead a suspected suicide bomber. North korea is directly to blame for the deaf of american student 0tto warmbier. The review into the murder ofa warmbier. The review into the murder of a toddler has found that although his death could not have been predicted, there were missed opportunities to intervene on his behalf. The two year old was killed by his mother in 2014 after being subjected to sustained physical and mental abuse. This childs short life was marked by escalating physical abuse and neglect. He had 30 injuries when he died. The first to raise the alarm over the well being was his childminder. She contact that the authorities three times with her concerns. She spoke to the bbc for an upcoming documentary. I did my job as best as i could. But someone in social work did not do theirjob as best as they could. I think it could have been done better and, maybe, the boy would still be here today. She was not alone in her concerns over what was happening at his house. A little boy went to raise the alarm with social services. So too did a woman who saw him covered up in his pushchair in the street. She said she had a gutwrenching feeling that something was wrong but she did not know if he was drugged or dead. To the review said the authorities missed opportunities to prevent the harm the child suffered. They stated there was a lack of professional curiosity. Explanations provided we re curiosity. Explanations provided were accepted without challenge. When concerns were raised, the incident was the west in isolation. We a Cce Pt Incident was the west in isolation. We accept the findings and the case review and we acknowledge that we could have done better to protect the child. It is important to point out that we are looking at devious and manipulative people such as the childs mother and her partner, childs mother and her partner, Child Services can not understand what is happening in the house. The review said the extraordinary measures which they took to disguise the abuse didnt hinder attempts by the abuse didnt hinder attempts by the authorities to assist. The two are now serving life in prison for the murder of the child. Hello, this is sport today, live from the bbc sport centre. Coming up on this programme the top three seeds tumble on a hot day at queens with defending champion andy murray among them Cristiano Ronaldo will face Court Next Month over tax evasion tax evasion allegations. And italian champions juventus are to be investigated over the transfer of paul pogba to manchester united. Hello and welcome to the programme where we start with the tennis news that there were plenty of shocks at the queens tournament in london on tuesday. The top three seeds have all been knocked out in the first round, the most high profile was andy murray. The world number one was beaten in straight sets by a man 89 places below him in Australianjordan Thompson as andy swiss reports. Back on home turf. For andy murray, a return to the grass courts of london normally spells success, but his hopes of a record sixth queens title fell at the first. His opponent, jordan thompson, was a late replacement, but he hardly played like one. Murray was strangely error strewn, come a first set tie break, with costly results
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