the burgeoning middle class fleshpots and east asia. the coastal cities of china, south korea and japan. so the indian ocean is a geographical tool to connect political development in both the middle east and in china and east asia all at the same time. and another thing, my book is entitled month and appeared in when americans hear the word monsoon, they think of the storm or perhaps a catastrophe or disaster of some sort, but that's only a very narrow version of the truth. the monsoon is really a weather system. if the wind system that brings agricultural prosperity, development, the lifecycle. in india, when there's been a good monsoon and elections right afterward, the party in power 10 to do well because the monsoon directly affects the economy. another thing about the months to come them with another wind systems in other oceans is predictable it flows steadily for six year in the northeast southwest direction and after six months reverses the south by 180 degrees and flows in the other direction northeast southwest. and because this project will sailing distances can be cal

>> charlie: welcome to our program. tonight the u.s.-china relationship and the context of a state visit by the president of china. first, the chinese perspective. and then two journalists and an academic. they look at the relationship and what we might expect from the meetings in washington. we conclude this evening with the conversation with garry trudeau, the creator of doonesbury. the chinese visit to the united states and garry trudeau when we continue. maybe you want school kids to have more exposure to the arts. maybe you want to provide meals for the needy. or maybe you want to help when the unexpected happens. whatever you want to do, members project from american express can help you take the first step. vote, volunteer, or donate for the causes you believe in at membersproject.com. take charge of making a difference. additional funding provided by these funders: captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> charlie: hu jintao the president of china arrived in washington today for a very important four-day visit to

the foreign minister will, they've got a strong leadership that understands the threats from china. >> if i could say something about this. it's part of a pattern we've seen over the past two years of china being very assertive about the maritime area around the south china sea, yellow sea, this type of thing. the net effect of this has really damaged china's position in the asia-pacific region. china is weaker today than it was a year ago because of this behavior. the u.s. is much stronger and the obama government has this strategy which feeds into. is what you're doing is reinforcing america's stature and strength in asia while retaining china. if i were as calculating person in china, i would say this is a dumb policy. we have to stop doing this type of thing. and so the thing to watch after mr. hu jintao's visit is will they stop, will he stop doing this kind of thing? is done. is hurting, i think this is not u.k. detention of the chinese leaders. it cost them. i think this topic i think about, has done a very good job very quietly intervening in various ways and saying, we're

, soon to pass more than $100 billion in goods and services to china this year. at the same time, we believe more must be done in terms of their currency. obviously, with inflation and there are some impacts on the real value of the currency. they have made some -- they've taken some limited steps despite the answers to revalue their currency. our police as he heard secretary geithner say in here saturday, we believe more must be done. that is an opinion that is felt not just by this country, but many countries around the world. >> okay, also a glut of big corporate deals are expected to come from the summit. a large boeing aircraft order is one of one that is where they talked about is a possibility. i expected one to come down the pike on that quite >> i would direct you to what tom said on friday. this is -- there's a little different than our trip to india in the sense that as i said the economic relationship we have with the chinese is -- is different on a scale with what we do with india, which is why some of the commercial diplomacy around the india trip is so significant. so

policies stephen bosworth in tokyo on friday. bosworth visited south korea and china before flying to japan. north korea offered to allow u.n. nuclear inspectors into its uranium enrichment facility and recently called for unconditional talks with south korea at an early date. sasae and bosworth discussed the north's strategy and exchanged views on china's proposal to hold meetings of the six-party talks on the north's nuclear program. but they agreed that they will continue to urge north korea to take concrete action toward dismantling its nuclear facilities as a precondition for resuming talks. two officials confirmed that japan, the united states and south korea will continue to coordinate their positions on north korea. >>> the chinese government says president hu jintao will visit the united states for four days starting the 18th of this month. it will be the president's first visit to the u.s. in five years. the chinese foreign ministry announced details of the trip on friday. it says hu will meet u.s. president barack obama in washington on the 19th. china views the trip as one

maybe we'll consider our ban on selling high technology. products to china as kind of a you know a sweetener to kind of nudge the chinese along to appreciate their currency a little bit faster do you think this is the chinese will bite i mean is this just a snow job because the u.s. doesn't have a lot of leverage here. first of all clearly more and more the chinese are in the driver's seat so there can be no doubt about that actually even independent research association based in the us in new in new york maybe michael taylor to tell us something about it if you know them that's the conference board they recently came out as a projection of saying that china at the size of the chinese economy in real terms of physical production terms when you adjust the currency for the undervaluation of on the purchasing power basis then china may overtake the united states next year to become the worst number one economy and the odds are projecting if the growth rates that we are seeing are continuing for the next nine ten years you might see china making up twenty four percent of the world econ

president hu jintao's visit to washington. [chinese] >> translator: provided a voice for china's brutal rule. [speaking chinese] >> translator: in china at, prison, tens of thousands of people are being imprisoned. my husband was imprisoned for nine years and i was imprisoned for six. [speaking chinese] >> translator: one good example is mr. gao zhisheng whose wife has just spoken about his disappearance and secret imprisonment. thousands of people now have disappeared in chinese prison. millions of people in china are looking at the united states, looking for hope so the u.s. can do something about this. [speaking chinese] >> translator: just prior to president hu jintao's visit to washington, january 14th, the chinese state media reported 376 leaders were tried in 2010 by the chinese authority in terms of national security. [speaking chinese] >> translator: chinese authority put in mind -- in prison, seven and nine years. in retaliation for speaking up against chinese government violations of the weaker people. [speaking chinese] >> translator: last november, the chinese authorities t

president hu jintao arrives for a state visit, paul solman explores the pressure on china to revalue its currency. >> ifill: and from seoul, margaret warner gets south korean views on whether china can be persuaded to rein in north korea. >> they want obama to persuade president hu that china needs to pressure north korea to act more responsibly vis-a-vis south korea. >> lehrer: we examine what's next for apple, as c.e.o. steve jobs takes another medical leave. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> okay, listen. somebody has got to get serious. >> i think... >> we need renewable energy. >> ...renewable energy is vital to our planet. >> you hear about alternatives, right? wind, solar, algae... >> i think it's going to work an a big scale. only, i think it's going to be affordable. >> so where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. >> for three hours a week, i'm a coach, but when i was diag

keeping the pressure on china to value its currency rights with other comments during the chinese president's four day trip to the united states it's one of the most divisive issues between the two nations in america saying one is being kept to the british though to give chinese exports an advantage. china supports very hard for the u.s. jobs meaning its trading partner. china is also the largest foreign holder of u.s. debt and there's also discussed human rights with say china is willing to continue to. respect and should not interfere in internal affairs policies coming forward reports to countries next relationship. i went into burger king with my son and i. think it's a z.h. using. z h u z h u and recognize the that is chinese for seven americans the word china elicits fear recognizing china's rise means recognizing america's decline now we are getting not our toys in our things in our little happy meals which should be banned there so dangerous. not just our toys in the bag made in china. but the image and everything else culture coming from china. or others china elicits fee

. domestic and foreign policy and she looks at america's relationship with china all that and more coming your way next. well can they learn a show where they get the real headlines with none of the mercy or can you live out of washington d.c. now it is president obama's second anniversary as the president so we're going to have a panel discussion on everything that's happened while he's been the commander in chief will cover the spectrum on everything from domestic issues to u.s. foreign policy and while obama is hosting china's president hu jintao many were questioning the far east country should we categorize them as a threat or as a country to emulate we're going to talk china with lawyer michael barnes next we'll ask is ten percent unemployment the new norm some say that we should get used to this number because this percentage is here to stay but how does america deal with a tenth of its population without work matthew mitchell will give us his thoughts on the statistic and also did you know the police are now able to a lot of police search your phone if you're arrested witho

. that is why we have these deficits. president hu jintao from china was here this week. a lot of the american debt is held by china. there is an underlying nervousness about the health of the american economy based on the structural deficit issues. that is one of the reasons you see on a planet where it is and remains where it is. it will probably not get better until we get more balanced. >> we are over time. give me the big story in the coming week, which is the state of the union address. how will the president play what we were talking about? >> the seating arrangement will make it harder for people to stand up and yell, " ." "you lie." we have already heard about the regulation. there is a whole new set of deregulation ideas. it is a certainly more republican idea, a way of reaching out and showing the public he understands. the way he would do that is different from the way republicans would do it. we will have to see what gets done. >> i think he makes the case for tax reform. i do not think tax reform gets done this year. he makes the argument to the american people on th

financial crisis and the growth of the china economic stress there have emerged anxieties in the international public opinion about the direction of china's development and skepticism and speculation about china's intentions to stick to the path of peaceful development. .. misinterpretation of the direction of china's development. and also do great harm to the interests of the united states as well as the common interest of china and the united states. i believe none of us would like to see it happening. for relief, we have heard recently reassuring and reasoned voices and the wise advice from some american strategists. it shows that we have agreement on the existence of time and interest and entered dependence between our two countries. when i studied the subject as an observer and a scholar, i tried to explain why china's rise is to be peaceful. in the early years of this century, i pointed out on several occasions that it was economic globalization that it made china's rice peaceful, which in turn was keep off in the world opportunities and market the mutual benefit that we wi

barack obama as a keeping the pressure on china to get the value of its currency rise while hosting the chinese president during his four day trip to united states it's one of the most divisive issues between the two nations that america is saying one is being kept deliberately know to give chinese exports and advantage obama says china supports many hundred million u.s. jobs and it's not just trading off the kind of mexico china is also the largest foreign holder of u.s. debt of the two leaders on same discussed human rights we are saying china is willing to continue talks based on mutual respect and interference toma from its. reports on the two countries mixed relationship. i went into burger king with my son and i. think it's a z.h. using the choose e z h u z h u and recognize the that is chinese for seven americans the word china elicits fear recognizing china's rise means recognizing america's decline and now we are getting now. our toys and our things in our little happy meals which should be banned there so dangerous. not just our toys in the bag made in china but the image and

cities of china, south korea and japan. so the indian ocean is a geographical tool to connect political developments in the middle east and in china and in east asia all at the same time. and another thing. my book is entitled "monsoon: the indian ocean and the future of american power". when americans hear the word monsoon they think of the storm or the catastrophe or disaster of some sort. but it is definitely a very narrow version of the truth. the monsoon is a weather system. it is a wind system that brings agricultural prosperity, development. the life cycle. in india when there has been a good monsoon and there are elections right afterwards the party in power tends to do well because the monsoon directly affects the economy. another thing about the monsoon, more than other wind systems in other oceans it is predictable. the monsoon flows steadily for six months a year and in northeast, southwest direction and after six months reverses itself by 180 degrees and those in the other direction, id/southwest. because it is predictable, sailing distances can be calculated in a

friendships, deepen cooperation and push forward with a positive, cooperative, and comprehensive china/u.s. relationship for the 21st century. >> china's president hu jintao and u.s. president barack obama convened this week in washington. the two leaders met for frank and friendly talks about outstanding matters of contention. >> this is our eighth meeting. together we've shown that the united states and china, when we cooperate, can receive substantial benefits. the positive, constructive, cooperative u.s./china relationship is good for the united states. >> the major disagreement is over chinese currency. the white house believes that the ren ming-be is overvalued making u.s. goods more expensive in china. some thing it is the big reason why u.s. unemployment is at 9.4%. lawmakers like new york democratic senator charles schumer insisted president obama tell president hu how frustrated americans are. >> we are fed up with your governments intransigents and currency manipulation. if you refuse to play by the same rules as etch else, we will force to you do so. >> the time for talk is ove

the president of china has been visiting the president of the yut in an official state visit. we talk this evening to the former ambassador from china to the united states, zhou wenzhong. >> of course, what we hope is that we'll have relationship in which we will treat each other as equals. so in that sense, i think in the world, every country is equal. i know this is a very diverse world and diversity that makes the world so colorful. and countries, no matter the size of it, big or small, are all equal. >> rose: we continue our coverage of china in the united states with american businessman john mack who has made frequent trips to china to understand the chinese and look at mutual business opportunities. >> it wasn't until the early-- late 80s, early 90s they started making this huge conversion and changing their economy, so you can understand why they don't want to see outside companies come in and take control of some of their major businesses. they have to be cautious. but, at the same time i think if you build the sense of trust, communications, over time, some of the compl

they made make goodses imported to the united states. .. >> the government of china buys $5 million in order for the u.s. government to give fight my dollars which in turns gives $5 million to chinese banks. they can sell goods to the united states to create currency deposits in china such i can loan money to bail morgan stanley out. morgan stanley needs to pay the government back because it doesn't like knowing the u.s. government money. it decides to issue shares to the public. then on a sunday so people would notice the largest buyer is the government of china. a chinese investment corporation give morgan stanley $5 million. >> the point of that is that what can be seen as a trade deficit and a current account and a train of capital from one direction to the other can just as well be seen and because everything i just said, those actual numbers, there are actual numbers, and it's more like $4 billion but it's about right, all that is true. i didn't make any of that. that is a mighty a system of capital in motion. so what can be seen as this negative waiting between space can just

for dinner we talked to henry kissinger who years ago went to china and changed the relationship. he speaks this evening about the relationship today and in the future. >> one should shouldn't protect the trade line in which china is dominant. they have a major power with its own big problems. there's no reason why we should not remain in a position of equality in some areas, superiority, maybe not. so i don't accept this. but we will no longer be as dominant as we were right after world war ii when we were the only functioning maintained country. and we have to adjust our understanding of the world into a world in which there are other countries that are capable of asserting their interests, not just because they submit to our leadership but they can make us adjust some of the things. >> charlie: a program note. we had promoted a conversation with joe schultz the former secretary of state. that program will be seen next week. tonight kissinger for the hour. maybe you want school kids to have more exposure to the arts. maybe you want to provide meals for the needy. or maybe you want

representative of the business community who does business in china should be thinking about. there was an article on extortion in the harvard business review in december. and the subject is china versus the world. who's technology is it? an exhaustive study of the actual consequences for u.s. businesses in china. let me just read you, larry, one of the conclusions that the authors wrote here. chinese officials have learned to tackle multinational companies, including u.s. companies, often forcing them to form joint ventures with it's national champions, and transfer the latest technology in exchange for current and future business opportunities. companies that resist are simply excluded from projects. the chinese government uses the restrictions to drive wedges between foreign rivals vying to land big projects in the country, and induce each of them to transfer the technologies that state-owned enterprises need to catch up. it is extortion. and we also know numerous examples. we've heard witnesses, i think two years ago, we heard from nancy weinstein, nancy lifestyles open the busi

lives in danger. all that coming up at 6:00. >> couric: tonight, president obama welcomes china's president to the white house and presses him to improve human rights and buy american. >> we want to sell you planes. we want to sell you cars. >> couric: i'm katie couric. also tonight, congresswoman gabrielle giffords is getting out of the hospital. wounded in the tucson shooting, she's heading to rehab in houston, and video shows the judge died a hero. an abortion doctor charged with killing babies born alive in what prosecutors call a house of horrors. and hopes for better relations with china may lie in american classrooms. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. president obama is hosting chinese president hu jintao at a state dinner tonight. the main course: ribeye steak. but it comes with a side of diplomatic pressure mr. obama is pushing hu to improve human rights in china, but much of the talk and tension between the world's two biggest economies. economies

and more prosperous china, so i would like to ask president obama that deep in your heart, do you really think that you can leave comfortably with a con stavently -- with a constantly-growing china and what do you think a china development really mean to the united states? [speaking in chinese]. . [speaking chinese] [speaking chinese] >> but like to take a question from the lady journalist for the exchanges between our two peoples represent the bases and driving force behind the growth of our relationship. the establishment of diplomatic relations between our two countries, we have seen more robust exchanges between the power of two peoples. in such exchanges also help cut the steady growth of our relationship. the statistics i have show that each year we have about 3 million people traveling between our two countries. in other words, on every single day, about 7-8 million people travel between china and the united states. this is something that is hardly conceivable 32 years ago when we first established diplomatic ties. in addition, we have also seen very broad ranging developme

lot of money. >>guest: china is in such trouble without us, we are rebuilding china and we have the power and we are rapidly losing that power because they will take things over, but we are the ones with the power because they make our products, they are rebuilting their cities with the money we have and the jobs they have, and it is an absolute outrage and the president of china comes here and we greet him and obama will drop to his knees and kiss his hand and i don't get it. >>neil: the president will not drop to his knees. >>guest: we will see what happens. >>neil: this is a familiar show. you thing we are always feel be beholden to the chinese and we hold the chips. what are they? >>guest: they are manipulating the currency so it is hard for us to compete with the currency and i know because the products i order unfortunately come from china because our companies cannot compete in terms of glass and many other products. they cannot compete with what china is doing. by the way, now they are trying to take the airline industry away and the ail manufacturing industry, wait until yo

businesses that china is hurting us exports by keeping a currency artificially low will the chinese president. to address the trade barriers including easy go regulations for u.s. business. markets despite disagreement over current leave both leaders struck with a deal worth some forty five billion dollars highly sensitive human rights have also been addressed with the two presidents agreeing their differing views on freedoms cannot get in the way of economic cooperation. forward looks at what's behind us china relations. and we're going to burger king with my son and i. think it's a z.h. users who. choose the issue and recognize the that is chinese for seven americans the word china elicits fear recognizing china's rise means recognizing america's decline and now we are getting. our toys and our things that are a little happy meals which should be banned there so dangerous. not just our toys in the bag made in china. but the image and everything else culture coming from china. or others china elicits feelings of inferiority according to the pew research center forty seven percent o

competing against only iowa or minnesota or other states. they are competing against india and china. over the next year, i will begin to work toward new approaches to strengthen education in the importa areas of science, technology, engineering and mathematics. i want to use my office to promote newppaches in education and help schools implement them but i also want to allow local school boards and administrators to run their own districts. that is why i will be sponsoring a bill -- i will be sponsoring bills this year to repeal the 100-student minimum for state aid to school districts and also to remove the cap on school-district reserve fund balances. we must trust local officials to make the best decisions for their districts, and if they fail, we must trust local voters to find new local officials. our system of education is the source of tomrow's workforce and we have no greater workforce need over the next ten years than in health care. by 2014, southakota will require an additional 13,000 health care workers. partnering with health systems, professional organizations, educational i

praised china for increasing the flexibility of the yuan but urged hu to let the currency rise further. the president called on china to respect universal human rights including freedom of speech and religion. regarding north korea's nuclear issue, obama called on china to play a more aggressive role. >> north korea's nuclear and ballistic missile program is increasingly a direct threat to the security of the united states and our allies. the international community must continue to state clearly that north korea's uranium enrichment program is in violation of north korea's commitments and international obligations. >> hu said the u.s. and china share common interests and responsibilities on a wide range of international issues, but he added that there's still a gap between their positions, especially on human rights. [ speaking foreign language ] >> the two leaders issued a joint statement wednesday. the united states and china have agreed on mutual vice presidential visits to promote bilateral ties and establish a strong partnership. vice president joe biden will visit china

korean policies stephen bosworth in tokyo on friday. bosworth visited south korea and china before flying to japan. north korea offered to allow u.n. nuclear inspectors into its uranium enrichment facility and recently called for unconditional talks with south korea at an early date. sasae and bosworth discussed the north's strategy and exchanged views on china's proposal to hold meetings of the six-party talks on the north's nuclear program. but they agreed that they will continue to urge north korea to take concrete action toward dismantling its nuclear facilities as a precondition for resuming talks. two officials confirmed that japan, the united states and south korea will continue to coordinate their positions on north korea. >>> the chinese government says president hu jintao will visit the united states for four days starting the 18th of this month. it will be the president's first visit to the u.s. in five years. the chinese foreign ministry announced details of the trip on friday. it says hu will meet u.s. president barack obama in washington on the 19th. china views the t

republicans. we will have coverage on c- span.org. your thoughts this morning -- u.s.-china relations, good or bad? we will start with "usa today" and their story about this. host: on the docket for things to talk about between the two presidents -- this is from "usa today." north korea, iran host: given all of that, what do you think? u.s.-china relations? good or bad? we want to get your thoughts and comments on this question this morning. this is from the front page of "the washington times." this is a quote from a wisconsin firm. host: first phone call on this. mike, republican. go ahead. caller: the business relationship between u.s. and china is tedious at best. i am not one that would normally agree with the democrats, but i think these businesses need to get a better deal. the flip side of that argument is the military relationship and the fact that china is attempting to do essentially what the united states did it in the early 1940's, building their military industrial complex. china is doing that and it is doing that through the devaluation of their own currency, making king's ch

considering visiting china in spring as part of efforts to fix frayed bilateral relations. in an interview with nhk, he said his trip will come before or after his trilateral meeting in japan with the chinese and south korean foreign ministers. japan-china relations soured in september after a chinese trawler collided with japan coast guard ships offer the senkaku islands in the east chainia sea. maehara reiterated china's position on this matter. >> translator: there is no territorial problem between japan and china. japan will continue to exert its control over the senkaku islands. >> reporter: he also referred to economic relations between the two countries. >> translator: it is vital for japan and china to build a win-win relationship. we can do this by advancing discussions on free trade agreements and by further boosting trade. >> maehara said he expects he and prime minister naoto kan will visit china in 2011 and chinese leaders will also come to japan. >>> south korea confirmed its first bird flu cases in chickens and ducks in more than two and a half years. the foreign ministry sa

struggle for human rights in china who are joining us today, ladies and gentlemen. there's an old saying that the chinese invoked when they wish to avoid political discourse from the central park in beijing. the mountains are high and the emperor is far away. well, ladies and gentlemen,tinge there is no malice to shield us- and china's newest emperor has just landeds in washington and s at the front lawn of the white house.house. the pressing issues whichu separate our countries need to be urgently addressed sed. three of those many issues which will be the focus of today's briefing include security concerns, a human-rights, and how our trade imbalance and the chinese currency manipulation adversely impact our u.s. economy. when the cold war ended over two decades ago many in the west it seemed that the threat from communism had been buried with the rubble of the berlin wall, however, while america slapped an authoritarian china was on the rise. china became one of our biggest mortgage companies, holding over $900 billion of our international debt. in these past two decades wester

expose massive tax evasion as the. american president for our globe amore pushes china to increase the value of its currency as he goes try to use president hu jintao was on a four day visit to the united states and the chinese leader needs to continue the dialogue. all the needs of the mutual respect and the transference internal affairs . the more of us trying to relations said whether america is really ready to accept china as a powerful economic force we had you over now to the old yana show from our washington studios. welcome the ilona show where we get the real headlines with none of the mercy or can live out of washington d.c. now today chinese president hu jintao is in town for an official state visit try to emphasize common ground between our two countries with two fundamentally different ideologies one can't help but wonder if these two powerhouses will ever truly see eye to eye then it looks like president obama has a new fan former vice president dick cheney who is very glad that obama has finally come around to his administration's ways of thinking notably on the war

human-rights. china's president visiting the u.s. tunisia's interim president promises a break from the past and tries to calm protests in the capital. welcome to "bbc world news," broadcast on pbs in america and around the globe. coming up later, the un security council agrees to send 2000 more peacekeepers to ivory coast. countdown to a big de, 100 days from now prince william will mary kate middleton. choreographed visit, the unpredictability of a washington press conference has thrown up a surprising admission from the chinese leader. president hu jintao has obama said ca long way on the issue but he will continue to be candid with his visitor. most of the biggest economic powers have been talking trade and currency. >> two presidents, together they preside over a quarter of the world's population at one-third of the economy. they differ profoundly in their philosophy with government but -- >> we had an enormous stake in 9gfzç success. in an interconnected world and global economy, nations including our own will be more prosperous and more secure when we work together. >> they

. >> representative chris smith and frank bolt held a news conference on human rights in china. political prisoners and human rights activists were on hand to discuss various issues including religious freedom, the rights of women and chinese labor camps. >> they give for coming out as evident in. i am chris smith, chairman of the effort the global human-rights global health subcommittee and foreign affairs committee. i held the position of human-rights chairman in several previous congresses and a little bit of background, have been in congress 31 years and been to china many years on human rights groups and personally shared 27 hearings on human rights abusees by the people's republic of china over these many years. we are here with some of the bravest and best and brightest human-rights defenders and former political prisoners of the chinese government. talk about the intel's china and talk about human rights issues publicly and vigorously during his visit to washington. last month pleaded the president hu gave the world unmistakable proof of his government's -- when he left the nobel

the rising cost of fruits and veggies. >> tom: china's president hu jintao met with u.s. lawmakers today, talking currency, trade and human rights. the meetings came while china reported its economy picked up more steam at the end of last year, and more inflation. china's economy grew by 9.8% in the fourth quarter. but inflation also jumped, up 4.6% in december compared to a year earlier. the promise of china has attracted lots of attention from u.s. investors. how best to invest in the dragon economy? don straszheim is senior managing director with the i.s.i. group. jeff papp is a senior analyst at oberweis asset management. jeff papp with us. welcome both to nbr. you want to start with you, does china carry more inherent risk for u.s. investors than other foreign markets? >> tom, right now china's economy is a little too hot. inflation is risinging too much, and they're raising interest rates, not very good in the short run for equities am but longer term it's goinging to remain the fastest growing economy in the world for i i think many years to come. and it inherently is no mor

the pressure on china the value of it. current sea rise with further comments during the chinese president's a four day trip to the united states one of the most divisive between the two nations with america's thing do you want is being kept deliberately to keep the chinese. up almost as china's the poor family home to a million u.s. dollars in its largest trading partner after counters and back it is also the largest foreign ahold of u.s. debt the two leaders also discussed a human rights. in china is waiting to talk spaced on that's not interference. do you think a view of its youth culture relationship. i went into burger king with my son and i. think it's a z. z. z h u z h u and recognize the that is chinese for some americans the word china elicits fear recognizing china's rise means recognizing america's decline but now we are getting not our toys and our things in our little happy meals which should be banned there so dangerous. not just our toys in the bag made in china. but the image and everything else culture coming from china. for others china elicits feelings of infe

. >> [speaking chinese] >> and so with respect to china, what president hu and myself and our delegations have discussed is how do we make sure that, in fact, our trading relationship is fair and a win-win situation opposed to a win-lose situation? >> [speaking chinese] >> some of that has to do with issues completely unrelated to currency. for example, we're making progress on making sure that the government procurement process in china is open and fair to american businesses and we have made progress as a consequence of this state visit. >> [speaking chinese] >> so can get better enforcement since that is an area where america excels intellectual property. high valued property and services. >> [speaking chinese] >> and the chinese government has, to its credit taken steps to better enforce intellectual property. i think president hu would acknowledge that more needs to be done. >> [speaking chinese] >> but the currency issue is a part of the problem. the r. sbmbings undervalued. the chinese government has intervened very forcefully in the currency markets. they have spent $2

themselves and how the world sees china. >> lehrer: we interview oklahoma city mayor mick cornett and charlotte mayor anthony foxx about their budget troubles and their meeting with president obama today. >> woodruff: and we close with an excerpt from john f. kennedy's inaugural address 50 years later. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> okay, listen. somebody has got to get serious. >> i think... >> we need renewable energy. >> ...renewable energy is vital to our planet. >> you hear about alternatives, right? wind, solar, algae. >> i think it's going to work an a big scale. only, i think it's going to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundation

year ahead and china is scaling up and nuclear and other areas as well. in the vehicle sector where the oil is used both countries now in porter than half of their oil. we became a net importer here in the 1940's. china became an importer in the 1990's. two of the three largest importers in the world, and that by the way is a very strong interest between the two countries. here is what i referred to earlier. i think this is an extremely striking grass. if you look at 2007 and compare chinese auto production to the u.s. auto production in that year u.s. although production which is the blue line with significantly above china. look at the trends here with our economic financial the crisis in 2008 and other issues on the auto production fell very sharply. china sharply in exactly the same pogo as anyone who has spent time in beijing can tell you. most chinese production is sold to the rapidly growing domestic market. look at this curve. hard to say when that -- with the slogan is going to be in the years ahead but it is rising extremely sharply. and this for me is especially frighteni

comprehensive relationship with china. you could watch the news conference live at about 1:00 p.m. eastern time on c-span2 television. meanwhile, u.s. officials say president obama is going to announce a deal today to step up cooperation with china on nuclear security. it is to be signed during the chinese president's visit this week. it would establish a jointly financed nuclear security center in china. turning to congress, republican representative bob daryl ices says the foreclosure crisis and a tarp will be the subject of his first hearing. both the overseer and treasury secretary tim geithner have been invited to appear. those are some of the latest headlines on c-span radio. >> c-span networks. we provide coverage of politics, public affairs, nonfiction books, and american history. it is all available to you on television, radio, on line, and on social networking sites. we take c-span on the road with our digital bus and local contect vehicle. created by cable, provided as a public service. >> "washington journal" continues. host: we are back and will continue our discussion with he