now on bbc news all the latest business news live from singapore the final wake of 2016 and what a year it was! after days of choking smog, we counted the economic costs of china's pollution crisis. good morning deja, hello world. happy holidays and glad you could join us that this edition of asia business report. it looks like stocks are enjoying a bit of a santa claus rally. 0vernight, it was down slightly by 33 points. 0verall rally. 0vernight, it was down slightly by 33 points. overall it has been a rollercoaster ride. it started with what felt like a freefall in chinese commodity prices followed by the shock of brexit and the bigger surprise then of donald trump as the next president of the united states. we asked what spurred such volatility? it is another year of sub powered growth in global trade and that is what defines what is important for asia. that in itself allowed for the kind of populism that we saw that led to the mac and donald trump. for asia, the week growth that allowed those developments defines what the thousand 16 was. will this red flag fall thousand 16 was. will this red flag fa ll over thousand 16 was. will this red flag fall over into 2017? there are worries about china. it started the year but by the end, things look better, bad. signs of pickup in demand so we hope that it will carry through into 2017 stop there is still a lot of doubt about whether thatis still a lot of doubt about whether that is sustainable or not but ultimately we are keeping our fingers crossed and perhaps 2017 will be different. we are looking for the trump effect — he will be president in january. could for the trump effect — he will be president injanuary. could we see on deals negotiated 7 president injanuary. could we see on deals negotiated? there are risks and it could upset the scenario on recovery. the donald trump administration, the initial days, will be defining what 2017 and beyond will be like. activist investor getting a seat at the policy table. he is to serve as adviser on regulatory reform. there will also be an over —— overseeing of other policy. mr karp has been busy with more than just political appointments. —— mr trump. busy with more than just political appointments. —— mrtrump. he also met with bowing bosses. boeing ceo told reporters that he discussed the cost of the new air force one. we are going to get it done for less than that and we are committed to working together to make sure that happens stop i will give the president elect my personal commitment on behalf of the boeing co. we work on air force one because it is important to our country and we are going to make sure he gets the best capability. we'll work together and we are at egypt to get started on the programme. we have not actually started the build of the airplay, once we have finalised the airplay, once we have finalised the requirements, making sure it is affordable, we will get the production line ready to go. in other news:, production line ready to go. in other news: , aliba ba production line ready to go. in other news:, alibaba is back on the us government blacklist for selling pirated goods. it was taken off the notorious least in 2012 but several groups have been lobbying for its reinstatement. the online marketplace sells high levels of counterfeit goods and is slow to respond to complaints. japan's cabinet has approved the record new $130 billion spending budget for the spending 2017 year. however, the government is looking to take advantage of the low interest rate environment and weaker yen to push through more social security spending, given it also has one of the world ‘s fastest ageing population. new zealand's economy is doing better than expected expanding 1.196 doing better than expected expanding 1.1% cause of increased construction and, as consumers spent more on travel, dining and recreation full the figures give a boost to the kiwi, new zealand's new prime minister afterjohn key unexpectedly stepped down. residents in beijing may be able to see clearer skies today after weather forecasters say winds overnight will push away the smog that has envelopes much of northern china. they have shut down factories, highways and schools to try to lower the smog by the economic costs of mounting. try to lower the smog by the economic costs of mountingm try to lower the smog by the economic costs of mounting. it is quite substantial so actually it is in beijing —— in the air in beijing is more dangerous than smoking cigarettes. companies are allowed workers to work remotely from home others closed down. it is difficult to attach a number that it is easily over billions of dollars. this choking haze is impacting productivity. what measures are companies take it to be able to ove 1120 m e companies take it to be able to overcome this? it is not easy because so far what companies can do is just buying really expensive air purifies and give workers more expensive health insurance package but not that productive because it can lower the work ofjobs at home and more of a headache forjobs at home. beijing called for an all-out war against pollution in 2013 — are they losing it? i do not think they are necessarily losing it because fighting pollution is difficult. they are more ready to acknowledge the problem and do something about it. a lot of industry into neighbouring provinces at starting to feel the impact although it will ta ke yea rs. to feel the impact although it will take years. what is the sentiment regarding the shutdown of factories and businesses? they are not happy about it. a lot of companies rely on people but they cannot be very vocal. it has become more of a political issue. you have to cop or a quick the government, especially in beijing, if beijing's pollution is really bad, the factories have to be closed down. there is not much a large individual company can do. the indian de motorisation effects are still being felt. —— monitoring station. it is a move that has inconvenienced millions of people, including tourists. one of the problems we faced was not being able to afford food. a lot of places do not take card and we had to buy cheap snacks and save money for water so it was not good. a couple of activities we wanted to do that were 2000 rupees and we only had 2000 rupees so we could not do it. it has been a really difficult because if we cannot get cash not everybody takes credit cards so we have had to lead lots of money off oui’ have had to lead lots of money off our guide. we could not buy any small items from street vendor is because they all want cash and you just do not have that sort of money. tourist in india having difficulties buying stuff. looking at the markets... as you can see, most of the traders and dealers on holiday mode. moving sideways. thank you so much, sport today is up next. i'm babita sharma. the top stories this hour: a manhunt for the berlin market attacker. anis amri has been linked to an islamist network. relief in sight for chinese cities — forecasters say the choking smog is set to clear. is set to clear. a senior black clergywoman has accused the church of england of institutional racism because it has so few ethnic minorities in its highest ranks. there are only six black, asian and minority ethnic clergy at the highest levels of the church despite black evangelical churches becoming more popular. martin bashir reports. praise the lord. the reverend tunde roberts has been leading a growing and diverse congregation for the last 17 years and cannot understand why ethnic minorities can fill the pews and pulpits of the church of england, but not senior leadership positions. what is it about being a bishop that we cannot do? what is different? the appointment of karowei dorgu yesterday, as bishop of woolwich, has been welcomed, but does little to improve statistics. 0f 41 diocese, there is only one black, asian or minority ethnic bishop, john sentamu, the archbishop of york. he's one ofjust five minority ethnic clergy to hold senior positions in the entire church of england. rose hudson—wilkin serves at the centre of the nation's democracy, as chaplin to the speaker of the house of commons. she's also one of the most prominent black members of the clergy. i do not believe that the church respects and embraces its minority ethnic membership. when you describe the church as not respecting people of colour, of being visible and invisible, are you not describing the essential elements of institutional racism? i suspect that i am. it's a heavy burden. it is really a heavy burden to say that because that is the church that i belong to. that is the church that i love. clearly, there have been issues about development, about people being given the opportunities to take on those posts, which are stepping stone posts to senior appointments and, i'm almost certain — though one can't prove these things — that there must have been bias of some kind within the appointments processes in past years. the growth of ethnically diverse churches means they're unlikely to be so patient if forced to wait 20 more years for another black bishop. martin bashir, bbc news. keepin keep in touch on twitter. time now for all the sports news in sport today. hi everyone. you are watching sport today, live from the bbc sport centre. i'm nick marshall—mccormack. coming up: bayern munich prove their class in the top—of—the—table bundesliga clash. petra kvitova will be out of tennis for at least six months, following a knife attack. and we look at king james's latest entry into the nba record books. hi there, wherever you are around the world. welcome to sport today. bayern munich have won germany's top—of—the—table showdown against rb leipzig, romping to a 3—0 win. the goals came in the first half, but leipzig did well to hold off any more, after playing a man down for an hour at a sold—out allianz arena. colm harrison reports.

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