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Transcripts for BBCNEWS World Business Report 20240604 05:47:00

well, ben earlier today he said he would consider holding the bell and road initiative summit in china next year. that is a pretty big statement for a country that has been largely close throughout the pandemic and that is really weighing on the rest of the region. china has traditionally supported a lot of the countries in the asia pacific, nikki lily the emerging markets. mrxi asia pacific, nikki lily the emerging markets. mr xi was scheduled to give a speech yesterday ahead of the summit but instead cancelled and provided a written statement, in which he did say that china would open up at some point, that the success of china would be beneficial to the region and to the rest of the world, but he also made a very stark warning. he said that the asia pacific should not be treated as anyone s backyard, and that they should be no power plays. he said there was a return to cold war mentality in the region. now, that of

Transcripts for BBCNEWS World Business Report 20240604 05:40:00

thatis support the obvious way to do that is to look at the unexpected benefit that has come the way of the big oil and gas firms, isn t it? it is come the way of the big oil and gas firms, isn t it? gas firms, isn t it? it is to appoint gas firms, isn t it? it is to appoint but gas firms, isn t it? it is to appoint but you gas firms, isn t it? it is to appoint but you also - gas firms, isn t it? it is to appoint but you also havej gas firms, isn t it? it is to i appoint but you also have to offer the small once you have done an awful lot of the exploration in the north sea basin, some form of incentive to look for more resources. this energy crisis is not going to go away, so i think you need to go away, so i think you need to get business on board, particularly energy companies. yes, they have been doing very, very welcome and certainly he has addressed that, particularly with the suppliers by implementing, and probably on that 45% on profits over £75 per megawatt hour, but i

Transcripts for BBCNEWS World Business Report 20240604 05:48:00

course alludes to the us china rivalry that has been playing out for some time, although he didn t mention washington specifically, but it is a concern, along with the closed nature of china s economy. what nature of china s economy. what we always nature of china s economy. what we always look nature of china s economy. what we always look for nature of china s economy. what we always look for in nature of china s economy. what we always look for in these - we always look for in these summits is what they called the communique, the text of an agreement summing up what they have decided to do. given the state of the global economy, how likely are they to reach agreement at that sort of level? . . , agreement at that sort of level? ., ., , , ., ., level? yeah, as you mention, there are level? yeah, as you mention, there are so level? yeah, as you mention, there are so many level? yeah, as you mention, there are so many concerns i there are so many concerns in there are so

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