Will talk tough on trade with china when he visits asia next week we look at whats at stake. Do we need to regulate social media . Well, this us senator definitely thinks so, hell tell us why. Welcome to World Business report. Im jamie robertson. Ina in a moment we will be talking more of doubt the impact of that congress, because today marks the last day of the five yearly congress in china, and has confirmed xi jinping will be given a second five year term. He will be leader for the next five years. Xi will even have his name inscribed in the partys constitution, placing him alongside mao in the chinese pantheon. But as xi consolidates his power, america is ramping up the pressure. On monday, the white house said that on his forthcoming trip to asia next week President Trump will press china to cease what the white house calls its predatory trade practices. And he will do that by addressing the problem of chinas trade barriers. And there is a lot at stake. So far this year the us has imported goods worth over 319 billion from china, but only exported 80 billion worth. Thats a deficit of 239 billion. But heres the question will china be in any mood to listen . Joining us now from newcastle is freya beamish, chief asia economist, pantheon macroeconomics. Looking back over the last few days, were ina looking back over the last few days, were in a xijinping, as suspected, will be the general secretary of the communist party and will continue to lead china. What else do we know about chinas Economic Programme that we didnt know, perhaps, five days ago . It has reallyjust confirmed our impression of how the chinese leaders view their social contract, really, with the Chinese People. Xijinping was contract, really, with the Chinese People. Xi jinping was widely expected to consolidate power. It is not really anything new comedy edition of his name to the constitution. Anything new, the addition of his name. What we have learned is that the focus of the communist party has shifted away from this tunnel vision approach towards growth targeting and the scope has broadened quite significantly suit deleveraging, but also to the environment. There is a recognition that the Chinese Communist party, to stay in power, and for xi communist party, to stay in power, and forxijinping to communist party, to stay in power, and for xijinping to move communist party, to stay in power, and for xi jinping to move forward with his second term, he cannotjust be thinking about targeting growth and squeezing a few more years of fast growth out of there can be. Actually, that fast gdp growth, in the course of the past two decades, has actually caused a huge amount of degradation in the environment, it has been very investment led growth which has been powered by an excess of savings within china, and has been very wasteful investment, in many cases. So those resources that the Chinese People have spent and will not get back and in the course of doing that, they have actually caused a great deal of pollution within their own country. What i took away from his speeches that he is now, along with other leaders, shifting away from this focus on growth targets. Maybe they will continue to post growth targets in 2018 or maybe they will take a bold move and say, were not going to with these growth targets. Maybe that move comes later, in 2019. The key point for 2018 is that they are going to allow real gdp growth to move lower and to accept that the lower growth, as long as it is high quality growth. Lets move on to what is going to be happening next week as President Trump makes his opinions felt more strongly about relationships with china and chinese trade. How does china see this relationship in terms of trade . Does it see it as a problem . Is it going to be accommodating to american concerns . Chinese leaders have enough problems domestically without bending over backwards to give a victory to donald trump. This is about presentation, in the short term at least, about whether these two lea d e rs term at least, about whether these two leaders can have enough Common Ground to go back to the people who keep them in power in their own countries and presented as a victory, only say, hey, we do need to worry about a guy any more. In the short term there is probably enough Common Ground there. In the long term, when growth begins to wea ken long term, when growth begins to weaken in the us, say in 2019, growth is already weakening in china, the longer that goes on the more likely it is these two leaders will need something outside of their own economy, sadly, to point out and say, this is why things are going wrong. Thank you very much indeed. Thank you very much indeed. Yesterday, we reported how london is trying to cut pollution by introducing an extra daily fee on old cars that drive in the centre of town. Well, london is not alone, and singapore has even gone a step further. Rico hizon is is there of course, so rico, what are they up to . Are you going to be able to drive into town tomorrow . I dont think so from february, iwill not into town tomorrow . I dont think so from february, i will not be able to, because singapore will soon freeze the number of cars on the road. This will prevent citizens from eyeing new vehicles until the policy is reviewed in about three yea rs. Policy is reviewed in about three years. This frees begins in february and the citystates Land Transport authority said the lack of available land planned investments in public transport justified land planned investments in public transportjustified this land planned investments in public transport justified this new land planned investments in public transportjustified this new policy. Singapore is smaller than new york city and land is a precious commodity. Officials want to ensure the most productive use of the remaining space. Authorities here have been controlling the remaining traffic by auctioning off the right to own a vehicle. With a Current Population of around 5. 6 million people, the citystate just has around 600,000 cars. But if we take around 600,000 cars. But if we take a look at the pricetag, they are exorbitantly expensive, a look at the pricetag, they are exorbita ntly expensive, and a look at the pricetag, they are exorbitantly expensive, and among the highest in the world. A mid range car in singapore typically costs four times as much as it would in the us. This new growth cap applies to private cars and motorcycles but not to goods and vehicles and buses. So it is about beating pollution and managing the lack of space. Rico hizon, thank you. The stream of revelations about the part social networks played in russias attempts to influence the 2016 election has brought facebook and others even closer attention from politicians, and the threat of new regulations. Executives from facebook, twitter and google will soon be testifying to congress. But they also have good reason to be nervous about the reaction of individual states. In new york state, a law will soon be considered that would ban anonymous adverts on facebook and rival networks. The bbcs Michelle Fleury spoke with the state legislator Todd Kaminsky who is sponsoring the bill. It kind of spreads like poison ivy andi it kind of spreads like poison ivy and i think it is harmful to the help of democracy. New york state senator Todd Kaminski is upset about how social media is deceiving voters in his district. Sunlight is the greatest disinfectant. He wants to pass a bill which would force facebook and other online sites to disclose who pays for political ads in his state. I come from a district in the suburbs of new york city where people use facebook everly. People have been targeted by political groups, anonymously, with advertising. When you look at an ad like this, what it will show you on the bottom is, 320 likes, 80 comments, and you think, what happened my reputation in my community . Is very hard. Havent these tactics been employed since time immemorial when it comes to politics . Yes, and i think in our time we have done our best to address that. We have regulated television appropriately so that people no what they are relying on and how they should evaluate things based on where they are coming from. The havent done that would be into it. His actions come after both facebook and twitter said their platforms would use by russian operatives in the 2016 us president ial election. Operatives in the 2016 us president ial electionlj operatives in the 2016 us president ial election. I want to bring that down to a local level. It happened apart from a president ial election. It happens apart from russia. There are well heeled political organisations in new york state doing it right now in local races. Facebook has become a really central part of our political discussion but it isnt regulated, unlike television, where you have to say where the ad is from, it has become the wild west. Frustrated lawmakers have asked executives from google, facebook and twitter to testify on capitol hill next month. Head of the hearing, twitter has Given Congress 201 russian linked accounts, and facebook has turned over 3000 ads ought by entities linked to the russian government. It sounds like, in the case of facebook, you dont think they have gone far enough. The jury is out. I would love them to be all over this and be proven wrong. I dont think we should rely on the providers themselves. I will be back in about five minutes to talk about the newspapers with ben bland. The reporting of crime such as cyber bullying, trolling and Online Harassment has increased by 85 cents in the last two years, according to figures obtained by bbc yorkshire. 85 . Figures obtained by bbc yorkshire. 85 . More than 200 malicious comedic haitian offences are recorded every day by Police Forces in england and wales. Ash back malicious communication offences. This is live. Me, a video streaming out. In victoria from leeds uses it to chat online, but last year she started getting abuse and threats. Photos of her home were posted online and she was dead to try to leave the house. One user threatened to force himself on her. She was even told, go kill yourself. In her address was posted on twitter as a house to burgle. With more people using smartphones and social media police are getting more reports of Malicious Communications offences. That can include threats and buy online trolls, abusive text messages, pornographic images and cyber bullying. Research by the bbc has found more than 200 offences are being recorded by police in england and wales every day. The number has risen by 85 over the past two yea rs. Risen by 85 over the past two years. I think this is the tip of an iceberg. I think as policing changes in the digital age, this is only going to increase. Providers, government, Law Enforcement uses, we all need to get ready and how we protect people more effectively and how we bring criminals to justice. With the support of her family victoria is slowly getting her confidence back. So far nobody has been arrested over the threats she received. And coming up at six oclock on brea kfast, and coming up at six oclock on breakfast, dan walker and Louise Minchin will have all of the days news, business and sport, and more on how hospitals in england could carry out 280,000 extra operations a year just by making carry out 280,000 extra operations a yearjust by making better use of operating theatres. Will this is bbc news. Will the latest headlines Chinas Communist Party has added president xi jinpings name to its constitution, confirming his status as the nations most powerful leader in decades. Xi presided over the closing session of the partys twice a decade congress. After the deaths of four us soldiers in niger earlier this month americas top general, has promised a full investigation. The probe comes amid continuing controversy over President Trumps response to their deaths. Prosecutors in new york have launched an investigation into possible Sexual Harassment at the weinstein company, the studio founded more than a decade ago by the disgraced movie mogul harvey weinstein. The un says the Global Community must pledge more money to help you go now it is time for our newspaper review. Whats making headlines around the world . Le figaro reports on the challenge german chancellor angel merkel faces when the far right alternative for Germany Party enters parliament for the first time today. The party with anti immigrant and anti muslim views came third in last months elections. Theresa may says the uk could leave europe without a trade deal according to the daily telegraph. It comes after a leak from brussels which suggested she begged eu leaders to help her kick start brexit negotiations at a meeting last week. The times business reports that shares in british car dealership pendragon plummeted on monday after the company warned about its full year profit, blaming a fall in demand for new cars. The number of profit warnings by British Companies jumped to 75 in the third quarter, the biggest quarterly rise in almost six years. Irans president Hassan Rouhani wants to rein in the revolutionary guards whose Many Companies have allowed iran to survive years of sanctions. Thats according to the new york times. He says their monopoly on large sectors of the economy is hindering economic growth. And in China Business daily, yoghurt sales are expected to overtake milk sales in the country, according to new data
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