the us and china hold what's been called "candid" and "constructive" talks in beijing — as both countries look to improve relations. and one of the biggest airshows in the world kicks off this week — the main theme this year is sustainability. hello and welcome to asia business report. i'm monica miller. us secretary of state anthony blinken has held what's been called "candid" and "constructive" talks with his chinese counterpart. relations between the world's two largest economies have taken a beating in recent years — this is the first time the head of america's diplomatic corp has visited the country in half a decade. earlier i spoke with wendy cutler — vice president of the asia society policy institute — and she explained how she viewed relations

between the two countries. well, trade relations, like other parts of the us relationship with china are tens. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it’s operate in their country. it's interesting. _ operate in their country. it's interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship?— the economic side of their relationship? well, clearly bei'ina relationship? well, clearly beijing seems _ relationship? well, clearly beijing seems more - relationship? well, clearly - beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, and one of the things i will be looking at

over the next day and now is whether there is a pathway for the secretary on the economic team for president biden to visit beijing in the coming weeks are coming months. some of these companies, _ weeks are coming months. some of these companies, apple, - weeks are coming months. some of these companies, apple, for l of these companies, apple, for example, we have seen recently opening up stores in india, and fox count is moving its supply chain parts to india. powerade should china be that these geopolitical tensions are getting in the way of their own economic prosperity? welcome i think they should _ economic prosperity? welcome i think they should be _ economic prosperity? welcome i think they should be worried - think they should be worried because the word on the street is diversification, and i think if you are a us company in particular, you do not want to put all your eggs in the china basket. you want to diversify and make sure that you have multiple sources of supply and multiple sources of supply and multiple markets to sell to. wendy, you are a former diplomat and a negotiator. so what is going on on the sidelines, and how would you measure success for this visit? i think it will be very important to see whether indeed

to secretary blinking its an audience with the chinese president today in beijing. i think it's like the lady that he will because i think that china has an interest like the us in stabilising the relationship. —— blinken. and the president of china is planning on visiting the us in novemberfor the meeting. and november for the meeting. and he novemberfor the meeting. and he will want a very smooth and positive meeting in the united states. the whole world is watching and i think the more engagement taking place between the two countries, even if we are not seeing eye to eye on all of the issues, talking is better than not talking. in other news this morning — drugmaker astrazeneca has told the bbc it will not comment on rumours around its future strategy. that's after a report in the financial times that the company was draughting plans to spin off its china business. the move — if true — could protect the firm from tensions between the us and china. and us presidentjoe biden kicked off his 20—21; ——and us presidentjoe biden kicked off his 2024

re—election bid with a pitch to union members in the working class city of philadelphia over the weekend. mr biden has been seen as the most pro—union president in history. and the bloc is a key part of his electoral campaign. this also marked mr biden�*s first political rally since he announced his bid in april. this week is shaping up to be an important one — and we're keeping a close eye on thursday. that's when it's decision time in ankara — the central bank of turkey will announce its latest decision on the cost of borrowing. it's theirfirst meeting since president erdogan won a new term in a recent election runoff. the turkish lira is currently on its longest losing streak in over two decades. also due this week — us fed chairjerome powell will deliver the second of his twice—yearly reports to congress on monetary policy. analysts are hopeful they'll get more clarity on what the fed intends to do next. there have been growing concerns that monetary

tightening is pushing the global economy into a recession. earlier, i spoke with steve cochrane of moody's analytics and he told me if we were seeing signs of that. well, the risk towards global recession are definitely high is not the rate of growth around the world is slow, particularly in europe and north america, well below potential. so any kind of shocked could hit the economy and one of the shocks could be and one of the shocks could be a couple of surprise industry hikes. could push the economy over into a recession. i think the thing to remember is that so far, given the various shocks that have hit the economy over the last couple of years, the global economy is pretty resilient. right now they are really not too many individual economies that one can point to and say they are in recession. labour markets are fairly strong in the us and europe. growth still in the

asia—pacific region outpaces europe and north america. so so far so good, but as you mentioned, the risks are high. we saw a lot of central banks not on the same page last week. we had the fed holding steady, the european bank decide that it is going to raise its rates, so where do we stand with us in terms of inflation?— terms of inflation? yeah, it is interesting- — terms of inflation? yeah, it is interesting. the _ terms of inflation? yeah, it is interesting. the european - terms of inflation? yeah, it is i interesting. the european bank was a little bit behind getting started with raising rates. they are still on that process and inflation has been a very stubborn in europe. in the us, inflation is coming in. there are signs of inflation expectation beginning to ease in the us the steps of the federal reserve at least for now seems to be comfortable with where rates are, although it's pretty clear they will be looking very carefully at their july meeting and other... china is very countercyclical, instead of the economy going through a period of strong

recovery and now easing, china is just struggling as it emerges out of its pipit away from zero coveted last december. the beginning of this year, it looked like they were high expectations for the chinese economy recovering quickly, but it has really stalled. there really no good positive indicators about the chinese economy in terms of investment or trade or spending at all. so the central bank is looking at anyway they can stimulate the economy, similarly without adding to the overall level of debt in china, thatis overall level of debt in china, that is the quandary that they face right now. this week also sees the return of the paris airshow — one of the biggest events of the year for aviation and aerospace industries. hundreds of thousands of visitors from around the world are expected to attend, and the dominant theme this time is sustainability. theo leggett finds out if this talk is signs of real commitment orjust greenwashing.

right neck so this is the wing of an 8321 aircraft, and what we have is a full—scale test, a knife test. making rings work better is a key goal for engineers here near bristol in southern england. they are looking at ways to improve aerodynamics, testing advanced materials until they break. and even carrying out research at super cool temperatures. this place is really a giant laboratory where the materials and techniques that will go into notjust the next generation of aircraft but the generation of aircraft but the generation beyond that are being developed. and through all of this, efficiency is going to be absolutely key. the aerospace industry doesn't have any choice. it millions of people are going to keep flying an aircraft around the world for decades to come, then the industry as a whole is going to have to get a lot cleaner and a lot greener. we have to get a lot cleaner and a lot greener-— have to get a lot cleaner and a lot greener. we want people to be able to _ lot greener. we want people to be able to keep _ lot greener. we want people to be able to keep flying, - lot greener. we want people to be able to keep flying, but - lot greener. we want people to be able to keep flying, but we | be able to keep flying, but we cannot do that while we are damaging our plants. so by improving the way the fly and

improving the way the fly and improving our products, enabling the introduction of low carbon or a zero carbon fuels into our product, we will enable flying to continue to connect the world and unite people while also making it sustainable.— people while also making it sustainable. small wonder, then, sustainable. small wonder, then. that _ sustainable. small wonder, then, that as _ sustainable. small wonder, then, that as executives . sustainable. small wonder, - then, that as executives around then, that as executives around the world gather here in paris, sustainability is at the very top of the agenda. but here is the issue. the global airfind is set to double over the next 20 years. at the same time, the industry is committed to going carbon neutral by 2050. suggest how is that? is it even possible?— how is that? is it even ossible? , ., ., , , possible? the short answer is no. to possible? the short answer is n0- to the — possible? the short answer is no. to the best _ possible? the short answer is no. to the best of— possible? the short answer is no. to the best of our- possible? the short answer is no. to the best of our would i possible? the short answer is i no. to the best of our would be potential for clean energy production in the coming decades, but there is no way in which we will be able to have clean aviation 2050 within aviation that grows to the speed we have seen over the last decade. that's just not possible. last decade. that's 'ust not possiblefi possible. electrification, sustainable _ possible. electrification, sustainable fuels - possible. electrification, sustainable fuels can - possible. electrification, l sustainable fuels can even hydrogen power, these are all technologies the industry insists will have a role to

play in cleaning up aviation. for the moment, the emphasis is on replacing older planes with newer ones stop they are already much more fuel—efficient than their predecessors which means they also cheaper to run, and that alone is likely to keep the orders coming in, notjust at that show, but for years to come. taking a quick look at how wall street closed on friday. and opening up here in asia. the bank ofjapan and opening up here in asia. the bank of japan left its monetary policies unchanged on friday, and it's following wall street's lead, which is slightly down again after the us that announced that it was going to keep its rates straight, just a little while longer, we think but before we 90, longer, we think but before we go, remainderthat longer, we think but before we go, remainder that wall street will be closed today because of the will be closed today, because ofjuneteenth. that's a federal holiday marking the emancipation of enslaved african americans. and that's it for this edition of asia business report. thanks for watching.

it was the tuesday after the king's coronation. it soon started to pour into her home. letting the downstairs. but for repairs to take place there, having to move out for at least six months. we've all had our moments of being very emotional and upset. opposite caroline, alice runs her own catering company. her kitchen was completely flooded, and the cost to her business has been severe. we chose not to claim on our insurance and cover the costs ourselves. probably because we're more scared. will we get renewal if we do? how much will our premiums go up with rising costs all the time? as a small business, you just can't afford to keep paying out premiums. there's criticism that the rivers aren't kept clear, but the environment agency says the amount of water that day was overwhelming. there was a huge amount of water in a short space of time to get to that channel.

and the truth is that the channel size was overwhelmed. the water came and went in a matter of hours. the cleanup and the recovery will take a lot longer. for more stories from across the uk, head to the bbc news website.

bbc news bringing the different stories that make this is probably the smartest light you have ever seen. it is in anne's room. she's been living here for over a year. these lights are in eight rooms and is home to watch over residence. for riva to watch over residence. for privacy reasons, _ to watch over residence. fr?" privacy reasons, we have replaced the present in real time by a stick figure. we have a function that allows us to go backin a function that allows us to go back in time and to look through the stick figures how a fall occurred so that we can prevent that. if fall occurred so that we can prevent that.— prevent that. if a resident falls in a _ prevent that. if a resident falls in a room _ prevent that. if a resident falls in a room here, - prevent that. if a resident falls in a room here, they| prevent that. if a resident - falls in a room here, they may not be found for two hours until they are checked on. we can save _ until they are checked on. we can save lives _ until they are checked on. we can save lives at that because we can — can save lives at that because can save lives at that because we can — can save lives at that because we can literally get there we can literally get there within_ we can literally get there within one minute of a fall within— we can literally get there within one minute of a fall happening. it gives us insight happening. it gives us insight that we — happening. it gives us insight that we — happening. it gives us insight that we have never had. it all that we have never had. it all means that — that we have never had. it all means that anne _ means that — that we have never had. it all that we have never had. it all means that anne can - that we have never had. it all means that anne can go - that we have never had. it all means that anne can go on i means that anne can go on enjoying the time she spends here. �* , enjoying the time she spends here. �* . ., , enjoying the time she spends here. �*, ., , , head to the bbc news website. here. it's lovely. everyone is so friendly — here. it's lovely. everyone is so friendly and _ here. it's lovely. everyone is so friendly and i _ here. it's lovely. everyone is so friendly and i have - here. it's lovely. everyone is so friendly and i have a - here. it's lovely. everyone is| so friendly and i have a super time here. so friendly and i have a super time here-— time here. for more stories, head to the _

time here. for more stories, head to the bbc _ time here. for more stories, head to the bbc news - time here. for more stories, i means that anne _ a wimbledon seeding.