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Transcripts For BBCNEWS Asia 20240704

Biggest challenges facing chinas economy. A huge crisis when it comes to confidence as a result of the property crisis. Trying to get people out spending again. They said for example that china would surge ahead towards a great future and the question is that 5 target, there was not a lot of specific about how theyre going to achieve this. He also lauded the past achievements, talking about science, technology and Artificial Intelligence as well as the airline. ~. ,. , intelligence as well as the airline. , airline. What was beyond the economy . Airline. What was beyond the economy . The airline. What was beyond the economy . The birthrate airline. What was beyond the economy . The birthrate was| airline. What was beyond the i economy . The birthrate was an interesting economy . The birthrate was an interesting element. Economy . The birthrate was an interesting element. China economy . The birthrate was an interesting element. China is i interesting element. China is facing a demograp

Transcripts For BBCNEWS Asia 20240704

Said there were favourable conditions outweighing unfavourable ones. And that china will surge ahead to a great future. He lauded developments in science, technology as well as the environment. Technology as well as the environment. ,. , environment. The emphasis on the economy environment. The emphasis on the economy. What environment. The emphasis on the economy. What other environment. The emphasis on| the economy. What other areas did he touch on . Did he touch on . Tech and al was an interesting did he touch on . Tech and al was an interesting element. | did he touch on . Tech and ai i was an interesting element. He talked about investing in quantum computing. He lauded as well talking about technology, the sea 919 airline that take into the skies domestically, the need for self sufficiency. Beijing has been talking about us restrictions on cheap production and that was one element of it. Chip. 2 million urbanjobs, youth million urban jobs, Youth Unemployment million urbanjobs, Yo

Transcripts For BBCNEWS World 20240704

Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s

Transcripts For BBCNEWS The 20240705

the at the brookings think tank. us is really rolling ou carpet the us is really rolling out the red carpet here pulling out all the stops. looking at this, you mostly did this at the same leader is denied a visa over human rights concerns and there is a change in tenor in this relationship. why has india become such a strategic partner for the india become such a strategic partnerfor the us? india become such a strategic partner for the us? india become such a strategic partner for the us? you re right that the administration - partner for the us? you re right that the administration is - partner for the us? you re right| that the administration is rolling out the red carpet. and it is along the lines of the last few american administrations of done and strategically important as a rising power that will play an influential role, notjust on the world stage but specifically in the asian pacific and there s also this steep convergence strategically on the question of china.

Transcripts For BBCNEWS World 20240705

of them are going to appear. the same way 20 years ago you couldn t imagine a youtuber making a living. he also thinks it s highly unlikely that al systems will be more intelligent than humans any time soon. professor yann lecun s words are in sharp contrast to those of the other two men he worked with on the science that underpins modern ai. dr geoffrey hinton retired recently and he said he regretted his life s work. professor yoshua bengio said that he worries about bad actors misusing the tech. both academics and the companies building ai agree that regulation is the best way to try to maximise its benefits and minimise the risks. chatgpt, for example, was unheard of this time last year. yann lecun is confident that ai will be a useful tool rather than a master, and he heralded a new renaissance for humanity. chatgpt couldn t have put it better. zoe kleinman, bbc news. a renaissance maybe but the bbc has been hearing from one uk worker who has already lost hisjob to a

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