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Marketplace All-in-One

China’s aging population problem

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 27 March 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

From the BBC World Service: China’s leaders are trying to find ways to battle what many economists have described as a demographic ticking time bomb. One in five people are over 60 there, making it the largest elderly population in the world. Plus, flying cars have long been a futuristic dream. A European company has developed — and successfully flown — its “AirCar” but just sold the technology to China.

Transcript

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0:00.0

It's a bird. It's a plane. Well, actually, it could be a flying car. Let's talk about it.

0:06.5

I'm Leanna Byrne and good morning and thank you for tuning in to the Marketplace Morning Report

0:11.2

and we're coming to you live from the BBC World Service.

0:15.0

Now having led the revolution of electric vehicles China is now hoping to take

0:19.7

traffic to the sky because the Chinese company Hubei Jin Chien

0:24.2

flying car technology has bought the tech behind a flying car that was

0:27.9

originally developed and test flown in Eastern Europe.

0:30.9

The BBC's Zoe Kleinman is on this one. Hi Zoe. Hi Zoe

0:34.8

Zoe just first of all tell me flying cars like really flying cars. You know it

0:40.6

sounds so fantastic doesn't it and yet it's not as far off as you might think

0:45.3

this particular product is called the air car and it looks like a slightly

0:51.4

unconventional car I suppose until it gets onto an airport runway and within about two minutes these long wings kind of come out of the of it and sort of raise up and then come down alongside it and the spoiler that's on the back of it extends.

1:05.4

And suddenly it looks a lot more like an aircraft in a car and then it zips off down the runway,

1:10.3

takes flight, lands at the other end and can drive, you know, straight off the runway into the nearest city.

1:16.4

It's been tested. Now, there's only one that exists at the moment. It's a prototype,

1:20.7

but it has had successful flights. It's been certified in Slovakia where it was

1:25.3

developed as being airworthy and now the tech has been sold to this Chinese firm which wants to

1:31.2

manufacture them for use in a specific part of China.

1:35.0

Now it wouldn't tell me which region of China that was,

1:38.0

although the company that's bought it is based in the South.

1:41.0

And it also wouldn't tell me how much money had been had changed hands for this

1:45.4

tech I mean can you imagine if it was mass market that the chaos that we would have

...

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