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Transcripts For BBCNEWS Asia 20240704

China, such as Quantum Computing, Artificial Intelligence and advanced semi conductors. The goal is to stop us capital and know how from speeding up the developments of technology that could help china for developing weapons for use against america in a military conflict. It would require firms making investments in a broader range of sensitive Chinese Industries to report that activity. Potentially laying the ground for more restrictions on investments down the road. The regulations arent expected to take effect right away, and there will be a Public Comment period so businesses can weigh in on the proposals. China is the worlds second biggest economy. A vital market for american companies. And the concern expressed by some us execs may explain why this order, which was expected back in february, hasnt been release untilled now. Until now. A Senior Administration official described the move as saying that this is a National Security action, not an economic one. Adding that us is not d

Transcripts for BBCNEWS Asia Business Report 20240604 01:33:00

talked about a broader range of industries that were national sensitive and would require either expert controls or some sort of an investment restrictions or both. in sort of an investment restrictions or both. in other news, shares restrictions or both. in other news, shares in restrictions or both. in other news, shares in wework - restrictions or both. in other. news, shares in wework have shed almost 40% in a single day after the company warneded that could go bankrupt. wework cited a drop in membership. shares in wework are currently trading at 13 cents. now to india where the country s central bank is due to unveil its monetary policy decision today. the inflation rate has accelerated injune with food prices soaring in the two months, so much so that tomato prices for example have rocketed. they now cost around ten times more than just three months ago. earlier, i spoke to an economist who gave us her assessment on how she expects the central bank to move later. i think the

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