it comes at a challenging time for asia as china struggles with a slowdown and relations between beijing and washington remain frosty. paul gruenwald is the global chief economist for s&p global ratings and he told me the current state of china's economy will weigh heavily on export reliant economies. we think china's going to struggle to make its 5% growth target this year. we have a couple of economies, india and indonesia being the prime ones here that are more domestically driven. but we're in a period where rates are high and global growth is slowing. so these trade dependent economies in the region are going to continue to struggle to put up high growth

numbers while the major economies are raising rates and china's growing below its growth targets. paul, what are some of the complex sort of pressure points that these countries will have to navigate as they forge ahead? yeah, well, i really think it's a confidence game at this point, right? so we want consumers to continue to spend. we want firms to continue to invest. so i think having some confidence that the the rate cycle globally is near its peak, the us continues to put up good numbers. china's been tweaking some of the measures over the past week in the property market. so it's certainly not a disastrous story, but it's probably going to come in with a forehand build this year on growth and countries are just going to have to figure out how to navigate that given their particular circumstances. so it's not a terrible scenario, but it's a little bit weaker than we're used to in this part of the world where china was powering the region and everyone else was kind of pulled along behind that. how do you see the challenges with the property sector now playing out, which was one of the huge sort of boosters of the chinese economy? so depending on your estimate, the property sector in china is driving between one quarter and one third of growth. we know the authorities are concerned about excess debt

levels and they also want the market mechanisms to work. so we want well—performing firms to continue to build houses. that's a key part of the strategy. but nonetheless, we want some financial discipline. again, we've seen the authorities turn the dial a bit over the last week or so. so lowering down payments and trying to loosen up the demand side. but it's a tricky balancing act. and the other thing i think to focus on for china is they're trying to have the consumer sector lead the growth rebound. and that's not a huge part of the chinese economy. it's only 40% versus 70 in the us. so this consumption—lead rebound we've all been expecting since the party congress late last year has fizzled a bit. so again, the authorities are going to struggle to keep growth close to 5%. we would expect no fireworks on the policy side, but continued fine tuning to try to support the support the property market, support investment and support gdp growth.

you did mention the us. if we pull out from the asian region and just focus on that and we look at the us economy, what is the forecast according to you? where is the us headed? well, the us continues to surprise. resilience is the word we're using most often to characterise the us macro story. let's remember the us speed limit. the growth speed limit is just under 2%. the first half of the year was a bit more than 2% so far. the third quarter is tracking at an amazing five and one half percent right now. so the fed's raised rates by 525 basis points since last march. we're starting to see some of the pressure come out of the labour market. but we're in this tricky spot now for the us where the economy is almost too resilient. we need to see a little more softness in the labour market. we need to see lower inflation. but we think the the soft

landing is still a is still a plausible baseline. but we'd be looking for the us to slow in the second half of the year, but they're definitely going to post a number of above 2% growth this year, which is above their potential and they're going to need to slow down a bit in order to bring inflation under control. turning to taiwan, where one of the biggest events for the semiconductor industry has kicked off. top industry executives including mark liu, the chairman of taiwan semiconductor manufacturing co, are scheduled to speak later today. chip making technology is at the centre of the ongoing trade row between the world's two largest economies the us and china. the social media platform tiktok says it has opened a data centre in ireland, its first in europe. the video sharing app said it has begun to migrate european user data there, as part of its ongoing response to data privacy concerns around its links to china. the platform, owned by chinese company bytedance, has repeatedly denied links to beijing and said all user data was securely stored in singapore and the united states. many countries including the us, the uk, australia, belgium and canada have banned the app from government owned devices. india has completely outlawed it. in australia, workers at two major liquefied natural gas facilities are set to go on strike from thursday. fears of strikes recently

pushed up wholesale gas prices in europe. the bbc�*s phil mercer has more on the story. australia is one of the world's biggest exporters of liquefied natural gas, or lng. it supplies much of asia, but industrial action has the potential to destabilise the international energy markets. when countries in asia, such as china, japan and south korea can't get enough lng from australia. they'll start looking elsewhere, fuelling competition for resources. this could end up diverting supplies away from europe. it's become more dependent on global lng supplies since russia started to curb its exports of natural gas to its european neighbours because of the war in ukraine. the wheatstone and gorgon sites in western australia produce about 5% of the world's lpg. they are owned by chevron, the us energy giant. workers are unhappy about pay, job security and training standards. trade unions say that industrial action could cost the company

billions of dollars. chevron is insisting that it's doing all it can to ensure that its lng operations continue safely and reliably. experts don't think that any industrial action in western australia will have a major impact on global gas prices. but and there is a but here that could change if industrial stoppages drag on. and that explains why there is a certain amount of anxiety in the international energy markets. phil mercer, bbc news, sydney. india's auto industry has seen sustained growth the month of august, with sales recovering back to pre—pandemic levels dealership data shows. but an erratic monsoon has emerged as a big concern for the industry going ahead. our india business

correspondent nikhil inamdar has more from mumbai. well, the month of august saw good sales growth across categories from two wheelers to passenger vehicles and tractors. but a push for electric rickshaws and easy financing schemes helped three wheeler sales, in particular to grow by a smart 66%. inventory levels for passenger vehicles have also hit an all time high, reflecting optimism that dealers have about the impending festive season that lasts between august and november. but despite the recovery, there are clouds of worry emerging in india's auto landscape. a poor monsoon could end up hurting rural demand, which will particularly affect sales of things like tractors, as well as entry—level two wheelers and passenger vehicles, according to analysts. tractor sales have, in fact, already shown weaker growth month and month. the hope now is that the monsoons pick up pace so that weak rural demand doesn't coincide with the peak of india's festive season, when traditionally consumers

open up their wallets and spend on big ticket items like automobiles. there are many qualities needed to be a successful boss. but some are not as obvious as you may think. amit walia, ceo of us tech firm informatica, explains how he overcame shyness to become a business leader, for the bbc�*s paths to success series. asa as a leader you have to put yourself out of your comfort zone. growing upi growing up i was actually an introverted shy kid and i remember very well in my late middle school, the high school where i felt like i wanted to challenge myself and felt like i wanted to do something

different. i decided to do stage, theatre, drama and leave me that was hard. but putting myself out there, out of my comfort zone really made me a different person. confidence. ability to prove to my own self that i could do it. and once i was out there, seeing how people reacted to what i was doing gave me a tremendous amount of accomplishment and those things have keep me in a fundamental way of where i am today. as a leader i have drawn many experiences in my life, but especially when i think of driving a transformation. taking a team with you, you really have to get out of your comfort zone and put yourself out there and actually put the whole organisation out of its comfort zone and carry the people with you. when you have life experiences that you can draw on, it gives you the confidence that you can do it. we'll have more on those stories every week.

and that's it for this edition of asia business report. thanks for watching. bbc news bringing you different stories from across the uk. a baseline, testing nurse cynthia butcher is establishing a baseline, testing the hand—eye coordination of 55—year—old lisa haynes now to see if the drugs she takes as part of a new trial make a difference. lisa has progressive ms. her symptoms first started when she was in her late 30s. some people when i was walking, they were like, "lis, have you been drinking?" i looked as if i'd had a drink, you know, and i said, "no, no, that's just my. i used to call it my "dodgy legs." when i walked, it was as if my feet didn't

know where the earth was. she's now involved in the first wales based part of a uk wide trial, the octopus trial, so—called, because it has multiple arms and stages, looks to see if medicines used to stem the progression of other conditions can help with hers. so in progressive ms in general, we see that there is a slow deterioration in walking abilities as well as cognitive slowing. so we hope to see that all those aspects will be slower by the drugs we try. lisa doesn't know what's in the two large tablets she currently takes each evening. indeed, they may be the placebo, but she's happy to be involved in something that one day, hopefully, could have a huge impact on the lives of those with ms. for more stories from across the uk, head to the bbc news website. hey, i'm stephen with the catch up. we're starting with new laws on laughing gas. the government says it's going to become illegal by the end of the year. the drug is really popular,

but using it a lot can be bad for your health and make you feel anxious. ministers hope a crackdown will help to tackle anti—social behaviour, but health experts are worried about means users won't get help and a government review said the gas should not be banned. so what would these new rules be then? well, if you're caught with a laughing gas, you could face up to two years in prison or a hefty fine supplying. up to two years in prison or a hefty fine. supplying it could land you a sentence of up to 14 years. some other stories now. he won the women's world cup with them two weeks ago, but now spain's manager has been sacked. jorge vilda is seen as an ally of the spanish fa boss, luis rubiales. who has refused to resign after kissing a player on the lips after the final. sticking with the football, jordan henderson's defending his move to a club in saudi arabia. it's illegal to be gay there. and the former liverpool captain has been criticised by lgbtq+ groups. he says it was never his intention to hurt anyone.

and is this a bit of you? love island all—stars is coming. itv has confirmed it will air early next year, but no word yet on which ex—islanders are taking part. and we're going to leave you with 10 seconds of a baby monkey. take a look at citrus, the nickname for the newest arrival at whipsnade zoo in bedfordshire. he's a francois langur, which is an endangered species. how cute is that? you're all caught up. have a great night.

hello and welcome to sportsday — i'm sarah mulkerrins. here's what's coming up on the show. spain's world cup winning coach jorge vilda is sacked, amid the ongoing scandal involving football federation president luis rubiales. former liverpool midfielder jordan henderson says he was �*really hurt�* by criticism of his saudi arabia transfer. and in new york, novak djokovic makes yet more history — making it through to a record 47th grand slam semifinal.

you're very welcome along to sportsday. let's start with the latest development in the ongoing saga in spanish football. world cup winning coach jorge vilda has been sacked by the country's football federation. it comes amid the scandal involving federation president luis rubiales, who was widely criticised for his behaviour after the final. vilda was a key supporter of rubiales, and his own coaching methods were also reported to have been a key factor in 15 players refusing to play for the national side last year. montse tome now becomes the first woman to be appointed as coach for the national team and will take charge of their upcoming games against sweden and switzerland. she had been part of vilda's coaching staff, most of whom resigned along with 81 players who have refused to play for spain until rubiales resigns.

spanish football journalist bea redondo believes vilda's sacking was inevitable.