china since its founding has been pursuing a long-term goal to reestablish chinese global preeminence and michael thanks it has outfitted the united states in the process. not long ago i wrote a book on pakistan u.s. relations after having served as pakistan u.s. in which i'm a consumer argument. it seems everybody manages to outwit the period and here is my take is a foreigner and most americans. the reason is that the american have always as soon that the others they simply want the same thing that they do. so there is an assumption that that is what they want, so therefore they have a relatively simple world to american foreign policy since america's preeminence after the second world war and based on a very simple binary. who can we bomb? who can retake out to lunch? so china is a unique country because they went from being a country that belonged on the two bomb list to take out to lunch list. and it has become a lunch so therefore it has become far more interesting. before we get started with michael's comment and i am question-and-answer with him and then open it to questions a

with the largest population of chinese outside of mainland china. it becomes a key part of who our fan base is and we reach out to our fan base of all races, carried, ethnicity. really for china this is a place where we the warriors have traveled. harris and damion has traveled. i have traveled with the olympics. it really shows you how the nba can be identified on a global bases. what i found out in china is that every city in china must have a basketball court. that's by state law. no matter where you are in beijing, shanghai, places the warriors have visited or the agricultural areas there is always a basketball and always someone like tramd green is. we have an account for the very first team to get involved with social media, internationally in china. it's important to us. we have a special unveiling today that links the warriors specifically with something very special in the chinese new years. >> let's hear from eric welch. >> let's hear it for bob. [ applause ] . >> we are going to have some fun today but i want to do something a little serious from the beginning. we are at

chinese institute -- hudson institute writes that china has a plan to replace the u.s. as the largest power by 2049. it's next on booktv [inaudible conversations] >> good afternoon. i hope all of you can hear me. i'm the director for south and central asia here at the hudson institute and it is a pleasure for me to host a market discussion on the hundred year by michael paul sperry is a senior fellow and director for chinese strategy at the hudson institute and a distinguished defense policy, high-ranking government official and numerous books and china. he served under the ronald reagan and george w. bush administrations. the book which i recommend to everyone in the audience preferably a factually since its founding has a long-term goal to establish the dominance and that michael thinks that it has albert in the united states process. not long ago i wrote a book on pakistan u.s. relations after having served as the ambassador to the u.s. there were magnificent delusions which i make a similar argument. [laughter] everybody seems to outright washington, d.c. and here is my ta

advisor, former high-ranking government official and author of numerous books and reports on china. the book which i commend to everyone in the audience preferably probably bought in hardcover the people's republic of china since its founding has been pursuing its long-term goal to reestablish chinese preeminence and michael thinks it has outwitted the united states in the process not not long ago i wrote a book on pakistani us relations. magnificent illusions in which i make a similar argument. it seems everybody manages to outwit washington dc. the american government assumes that the others basically want the same thing that they do. there is an assumption that that is what they want for their is a simple view of american foreign-policy in particular the superpower has been based on a very simple binary, who can we bomb who can we take at school lunch it went from the country that wants to bomb and take out to lunch. it has become far more interesting before we get started with michael's comments in my own question question-and-answer and then open it to question and answers fro

that china has a secret plan to replace the u.s.es as the world's largest power by 2049. next on booktv. [inaudible] >> good afternoon. i hope all of you can hear me. i'm the director of central asia here at the hudson institute and it's a pleasure for me today to host a discussion on the hundred year marathon the book by michael pillsbury who is now a senior fellow and director for chinese strategy here at the out son institute. he is a distinguished defense policy adviser, former high-ranking government official and author of numerous books and reports on china. he served under the reagan and george h.w. bush administrations. the book which i commend to everyone in the audience, preferably properly bought in hard cover, paid for, that's the way one helps fellow authors. actually how the people's republic of china since its founding has been pursuing a long are-term goal to re-establish chinese global reeminence michael thinks it has outwitted the ute in the process. not long ago i wrote a become on pakistan-u.s. relations after having servedded a adam boars and i make a similar argume

won. we beat china. we beat mexico. we beat somebody? we never win. you don't hear good news about this country. we are in a position where we just never win. that's because of our leadership. you need somebody who wrote "the art of the deal," one of the great business books of all time. a little bit example. somebody said i can't believe you got the old post office right down the road meaning on pennsylvania avenue. i wish it were right down the road. i have a building, the old post office. everybody wanted it. gsa gave it out. we are doing an amazing job with it. it's under construction now for six months. the gsa gave it out. obama gave it up. trump got it. now, is that good negotiating? it was in the history of the gsa one of the most sought-after properties everybody. trump got it. people said to me how the hell did you get it when obama is in charge of the gsa? but that's the way it goes, folks. maybe that's what we need some of. so, it's really, really important that we have people at that top position that know because the country has such tremendous potential. unbelievable

rise of china's military and economy, and its implications for u.s. national security and defense spending. foreign policy and military analysts this morning are expect expected to discuss these issues in the context of president obama's so-called rebalanced strategy to the asia pacific region. this is live coverage on c-span3. >>> good morning, everyone. thank you for coming. i'm mike o'hanlon with brookings center on security and intelligence. we'd like to welcome you to an event on china's rise and its implications for america's strategy and the u.s. defense budget. and i'm joined by a very, very capable and accomplished panel that has different elements of expertise on different aspects of the question. i also see a lot of expertise in the audience. i have no doubt once we get to you we'll have some excellent thoughts and questions from you, as well. our plan for today after i introduce a little bit more about the subject, and my distinguished colleagues here on stage is to have a little bit of a conversation without formal presentations. but beginning by trying to think throu

chinese strategy argues that china has a secret plan to supplant the u.s. as the world's largest superpower by 2049. he makes the case in his book, "the hundred-year marathon"." he recently talked about his book at the hutson institute in washington d.c.. this is an our and a half. >> good afternoon. i hope all of you can hear me. i am husain haqqani the director for south and central asia here at the hudson institute and it's a pleasure for me today to host this discussion on "the hundred-year marathon," the book by michael pillsbury who is now a senior fellow and director for chinese strategy here at the hudson institute. he's a distinguished defense policy adviser former high-ranking government. he served under the reagan and george h.w. bush administrations. the book which i commend to everyone in the audience preferably properly bought in hardcover, paid for. actually reveals how the people's peoples republic of china census funding has had a long-time goal to establish china's preeminence and michael thinks it is outwitted the united states in the process. not long ago i wr

appetite of its customers. the street is a product of china ease economic growth. it's massive appeal attracts custom from all over china. new forms of business can also be seen. no matter how meager, people try to make a living here while others monitor for illegal activity. the round the clock struggles of people here have shaped what guijie is today. the area encapsulates the rapid changes of modern china. this episode follows 24 hours in this gourmet town. >>> this is beijing, the capital of china. it's a sprawling me prop lis with the population exceedsing 21 million. some 450,000 people flock here every year from all over china. the city and its people are in a constant state of flux. guijie street is located at the center of this ever changing city. it's 4:00 p.m. and there are few customers around. at one restaurant staff take to the street for a ritual led by the owner. gao yuan is around a province 1,000 kilometers from beijing. he owns seven restaurants on guijie street and with 400 employees he's become the area's most successful entrepreneur. this is a weekly meeting. it'

. the headlines are coming up. china's one child policy has quoted controversy, from accusations of the state confiscating children, to forced abortions. today it is being blamed for a declining fertility rate and a major gender imbalance with more than 30 million men, to women by 2020. i'm steve chow on this edition of 101 east, we ask if the days of china's one child polices is coming to an end. >> for 21-month-old lin jiahe, saturdays begins in with a menagerie of toys... ...under a shower of attention. >> little jiahe is an only child. he holds the most precious place in the household, with parents and grandparents catering to his every whim... and documenting his every move. >> "i am constantly writing to my son, telling him my thoughts and feelings in micro-blogs or postcards, which he will see in the future. i'm writing down the problems i have encountered and the way i have found to tackle them in the hope that they will be useful to my son when he grows up." >> jiahe and his parents are typical of the three-person nuclear family that has emerged in china in the last three decad

its caption content and accuracy. visit ncicap.org] >> welcome to defense news. a look at china's 100 year strategy toisplace the united states as the world's leading po look at the best war movies ever. but first, president obama has asked congress to approve military force against isis. the move has prompted a debate about presidenti power and america's role in the conflict. administration officials say that the prolonged nature of t the opereration demands new legislation. congress will start hearings asd week. here to explain why the so-called a u umf is necessary are sthanie from the center f strategic and international ststudies and bill carter from the center for a new american security. welcome to the program, welcome ba. >> thank you. >> thank you. >> what is good about this request and what isn't? >> this comes on a heels of dozens of bills dropped in the last congress. it appears that congress is raring at the bit to talk about isis strategy and what the u.s. n do in thahat region. >> philip, you are a lyer. talk about the ratnale for this. is it necessary and does it open

. >> reporter: 30,000 refugees who crossed over to myanmar in to china and beside me are chinese joels trying to prevent us from filming. >>> we begin with breaking news coming out of yemen where the former president hadi who 10 deader his resignation has now fled the capital sanaa we understand after being held for weeks under house arrest by houthi rebels there. and they are reported to have ransacked his house. hadi has now arrived in the port city of aden in southern yemen. joining us here on set he has covered yemen extensively to tell us how significant this latest development is. we are hearing hadi is now in aden and seems to have fled his house arrest. >> exactly. most likely he fled yesterday from the capital san all. sansanaa hemanaged somehow to get out of the house and taken in a convoy towards a en, he's now in aden, we are expect to go see what he's likely to say. we know for sure his presidential plane has been moved to the airport of aden about three months ago and his aids are still based there in aid al jazerra den this will be a major setback for the houthis for some reaso

myanmar and china. fighting between the myanmar's army and gunmen who want greater a town my for ethnic chinese in me anbar began about him two weeks ago. so far around 30,000 refugees have crossed the border to seek safety in china. adrian brown has more from the chinese town. the focus of a major humanitarian operation. >> reporter: the new trade and exhibition center is a symbol of the being economic hopes china has for this remote region. but today it's been transformed in to a refugees camp. overflowing with those who fled the fighting. often escaping with just a handful of possessions. like those on this side of the border they are ethnic chinese and with account of brutality by myanmar's army. >> translator: the soldiers caught me and hit me again and again like this. just like this on my own head. >> reporter: this father arrived nine days ago. >> translator: they took most of our cattle. i only have a few left. it's a big mess there. too dangerous to go back. we are afraid they might kill us. >> reporter: elsewhere families squat in a row of partially built shops. fending for t

and interest in the nba in china and everybody will forever be indebted to yaw to keep people's mind in china to enjoy the nba and basketball more than ever before. in the last four 4 years we have staged that the warriors are asian heritage night and we have a special celebration for chinese new year. we would like to think of ourselves as innovators, we like to think of new things. not all of them work, but we would like to try them and we want to make everything a better experience. and we have a team to introduce the short sleeve jerseys. that's coming up in just a moment. today is an at some point to celebrate our relationship with the chinese community because we are going to make a little bit of history. the warriors and rockets are going to unveil a special uniform they are going to wear on the court in honor of chinese new year. [ applause ] . so we have two very appropriate representative. not only are they two of our star players in the starting lineup but two players that not only traveled to china with the warriors but they also on their own taken trips to china and

subject at the end of this. but the architecture of the book is the competition between china and japan and the united states. why did you organize and to countries other than companies? >> because automakers are multinational and gm sells more in china than the united states. the one of the things that drives technology or the evolution of the auto sector is regulation and it happens on a national scale. so in the case of the united states you have a big regulatory agencies. >> host: we will go into that. why did you choose russia or germany? >> though largest economies and though world and i can really spoke chinese and japanese. my germans still needs a little bit of work. there is some interesting import substitution. >> so you talk about china and united states and japan than what may be the most powerful a known agency in the world, the california air resources board and the long reach of carter and all important that is. tell us why you're treated as a separate sovereign. >> california was subject to a crisis of smog. but nobody knew where it came from. it seems obvious today wit

minutes. >> coming up on c-span2 a discussion on the impact of china's military us national security and defense spending. former congressman jim flattery talks about his recent trip to iran. later senator jim scott of south carolina on education. >> the senate finance committee examines the us tax code and lessons learned from the tax reform act of 1986. the committee hears from former senate finance committee chair bill packwood and former committee member bill bradley. legislation. i've coverage at 10:00 a.m. eastern. >> according to the cdc 121 cases of measles a been reported in 14 states and the district of columbia is the start of the year. the senate health committee holds a hearing on vaccines preventable diseases and whether they should be mandatory for children. the brookings institution hosted. this is 90 minutes. >> hi, everyone. i would like to welcome you to an event china's rise and its implications for american strategy in the us defense budget. i am joined by a capable and the compost panel that has different elements of expertise in different aspects of the questio

, perhaps. >> a lot of speculation there. and the china market, there are a lot of big movers today. which one is down for you? >> a few. obviously we are following shares from h and a-shares. we are watching if there are moves down in any other banking shares. the company is saying it may be forced into consultancy. we will get more on why later on. this steel industry in china seeing a bit of a pitch. they are down 3% today. i want to mention. the mining machinery is expecting a 75% drop in net income. they are seeing some pressure. let me send it back to you. >> as david just mentioned, the president of china's minsheng bank has resigned. what do we know so far? >> the details are still coming in and we have to rely on a beijing magazine for some of these details. we know that he has resigned as president of the lender. minsheng was the first privately owned lender in china. he was a senior executive at the company that resigned for personal reasons. now, it is coming out that he was taken away by the communist party's investigative team. it is still unclear what this investigati

million. the fine is the largest china has ever imposed. on a foreign firm. officials with the country's antitrust regulator say qualcomm abused its market dominance and broke a law on unfair pricing of products. they say qualcomm charged chinese cell phone manufacturers and others unfairly high licensing fees to use its communications technology. and they claim qualcomm made chinese manufacturers accept contracts that were disadvantageous to them. qualcomm officials say they're disappointed with the results of the antitrust investigation, but they're not contest the fine. the officials say they will adjust the business practices in china. >>> the prime ministers of japan and mongolia are taking down barriers to trade and investment. they got together in tokyo and signed an economic partnership agreement. >> translator: we would like to take this opportunity to deepen our mutually complimentary relations in the economic field. >> mongolian prime minister chimed saikhanbileg said the deal will help them work toward even friendlier relations. he agreed to scrap a 5% import tax on

the demand in the u.s. is huge. in china, even with the reduced 7% expansion in the economy, it is five times greater than the eurozone. the boom for suppliers will be huge, materials and research. 15% of revenue comes from tmsc. this is a competitive edge that these semiconductor companies have to do to keep up with technology overall and the brains of the chips. >> $12 billion. >> $12 billion. it is the first time they have beaten samsung and intel for overall capital spending. >> still to come, south korea stays the course. we get reaction from hsbc right after this. ♪ >>>> let's check on other stories making headlines. egypt has confirmed launching airstrikes in libya in retaliation for claims that the islamic state has murdered coptic christians. video shows what seems to be a series of explosions. libya is where islamic state is at its strongest outside of syria and iraq. the cease-fire in the ukraine is under strain after claims of violations by both sides with five soldiers being killed near maripol. the european union expanded travel band against russian we officials --

bureau chief reports the relationship between the united states and china shifted from several the hostel in 1945 when the chinese decided to align themselves with the soviet union. this is about one hour. >> thank you. i'm double the glad to be here. next time if i ever have the honor of being invited back to politics and prose i will know it is not near the woodley park metro stop. [laughter] somebody misinforming but as an old journalist i'm supposed to have two sources and i relied on only one. for a while i didn't think i was going to make it. thank you all for coming. and again thank you to politics and prose for having me. one of kind of a standard tropes of publishing the book is that you have to answer the question why did you write about this topic in the first place. and you are supposed to a thoughtful answer about how you've had a lifelong interest in this topic and you've always dreamed about exploring it more deeply. in fact, this topic was supposed to be by my publisher. i have had a lifelong interest in china, almost a lifelong interest, having studied it studied c

. we're the only one. so, what china is setting for itself is not a small goal. on allen's question, i agree that once you have the capabilities, there's the temptation to use them. and i think that temptation b sbt isn't just in the minds of the pla. a friend of mine was vacationing in hainin island where the naval base is and he actually was taking him to his hotel and they were going by the naval base and the taxi driver was complaining about how the fact about the fact that china had spent all the money on the ships but wasn't using them. why don't we use them for something. more seriously i think it's impossible to make a sort of general prediction about this. we are going to have to be on the lookout for cases as we go forward of exactly how china decides to use military power to deal with a specific problem and here, we get into something bud's mentioned and i've mentioned, the quality of chinese decision making and it's confidence or lack of confidence in the ability to control managed risks. >> another round. further back. here in the front row. these two over here, then we'll

ripped through china town. >> my father had to carry my mother out. the neighbor had to carry me out. >> reporter: the impact of the quake on san francisco's chinese community was not recognized for many years. all those stories straight ahead on a second look. >>> hello everyone and welcome to a second look. i'm frank somerville. hundreds of thousands of immigrants mostly from asian were held and processed on angel island in san francisco bay in the decades before world war ii. many were denied entry to the united states due to a race based exclusion law. but 50 years ago, president lindon johnson signed an immigration act of 1965. he said the new law would address the un-american national origins quota system which allowed three countries to supply 70% of all of the immigrants accepted into the united states. instead, the new law granted access to people's skill sets. >> reporter: san francisco's china town has always been the heart and soul. the home away from home for the chinese men and women who immigrated to this country. with the start of the california gold rush, chinese men

talking china with our guests all morning. they think the government should not focus on moving away too much from the growth numbers. >> china is a country that probably puts too much emphasis on gdp. a bunch of other countries worldwide tend to do the same thing. there is nothing wrong with generating a lot of income for your population. but again, we should be focusing on efficiency, making sure things are priced properly households are maximizing their utility or getting the fruits of their labor and stop trying to target gdp as sort of a policy measure. >> we also spoke to a portfolio manager who is expecting more monetary easing from china this year. >> we will see more support from the pboc sometime this year. i would also expect china to go back to some sort of old recipes , helping infrastructure investment, providing further programs for support. so you need to spend more. we will see a revival in these old recipes. nothing new from a liquidity point of view because that will be supported to the old economies, the traditional stocks. >> australian dollar continues to take a hit

to stop the militant group from expanding. >>> and young people in china are turning back to an older style of writing, but newer chinese characters are catching on in hong kong. >>> the president of egypt is asking european countries and the u.s. to join him in attacking the islamic state group in libya. abdel fattah al sisi launched air strikes there after militants announced they killed 21 christian egyptian captives. nhk world's craig dale is tracking developments for us. >>> president sisi promised retaliation. now egypt has waded into the chaotic situation in libya, where there are two rival governments, and a tangled web of militia groups including islamist extremists. egyptian fighter jets carried out the airstrikes on monday. military officials say they destroyed training camps and arms depots for the islamic state group. dozens of militants reportedly died. the strikes happened near the city of dparna militants affiliated with the group have a presence there. they also have a present in sirte close to where the egyptians were kidnapped. and they have a foothold in trip

suffered a 16% contraction of its operating profit and that's mainly the sales in china following the anticorruption lows and also a significant drop. all in all the numbers were stronger than expected and they're doing very well. it's on the french market you 5.8% it's entering 2015 with confidence. >> let's move on to syngenta trading higher. profit ahead of analyst expectations despite of currency head winds. carolyn has more. >> that was a very positive surprise this morning. top and bottom hienline were better than expected. if you take a look at 12% sales growth in large part because of a new product launch. that was the biggest product launch in history with $300 million in sales. that helped last year. going forward to 2013 it's going to be a lot more difficult because they're facing a number of headwinds. one of them being fx or crop kriess. when i spoke to the ceo i asked how much visibility he had going into this year. >> with lower crop prices this is lower crop prices but we had lower crop prices a year ago. the difference between last year and now is that the farmers thi

. china adding to the woes pmi unexpectedly drop into 49.8. we were expecting to see a slowdown. data suggest that the first quarter, we will see a little bit of pain in china. south korea, we are flat right now. the trade surplus falling. we are looking at $7.2 billion, still a hefty amount for the current account. of course, we have inflation. this disinflation bug is expected to still reflect on those numbers. .3% for thailand. 7.5% for indonesia. in australia, what we have? up about 6/10 of one thing percent. we have the rba decision tomorrow. it is a fairly complex one to call. you still have a majority of economists saying they might hold, but if you look at the swaps, is showing a 50% cut in the rba. you'll get more from shery ahn and just a bit. certainly, markets are pricing it in. you have yields falling. i will leave it there. >> troubled chinese developer kairssa is back in headlines. the ceo has resigned to devote more time to his career developed. kaira -- kaisa risks becoming the first chinese company to default on a dollar bond. rosalind chin is here. a big development

country? we won. we beat china. we beat mexico. we beat somebody. we never win. you don't hear good news about this country. we are in a position where we just never win. and that's because of our leadership. you need somebody perhaps that wrote the art of the deal. one of the great business books of all time i might add. now, you know, a little example somebody said i can't believe you got the old post office. you know, right down the road meaning on pennsylvania avenue. i wish it were right down the road. right down the road, pennsylvania avenue. i got a building, the old post office. great building. everybody wanted it. g.s.a. gave it out. we are doing an amazing job with it. it's under construction now for six months. the g.s.a. gave it out. obama gave it out. trump got it. now, is that good negotiating? it was in the history of the g.s.a. one of the most sought after properties ever. and trump got it. people said to me how the hell did you ever get it when obama is in charge of the g.s.a.? but that's the way it goes, folks. and maybe that's what we need some of. so it's really,

, you've all. he hopes to get grand theft auto into china. that is next on "bloomberg west." ♪ click here is a check of your world news headlines. vladimir putin is cementing ties with the egyptian government area in egypt today presented egypt's president with an ak-47 assault rifle. he does not come with flowers. a new defensive, the physician in a key eastern port city. facebook getting a boost in india citing a deal with reliance customers without -- charges without incurring data charges. the japanese camera maker canon is making its largest acquisition ever as it looks for growth outside the slowing camera business. canon is buying a swedish video system for $2.8 billion in cash. video surveillance equipment is used in casinos and shopping malls. take two interactive has built his is nice on franchises like grand theft auto and nba, but it is now betting on a new first-person shooter game called "evolved" hitting humans and monsters, just like real life. playstation 4 and xbox one, rave reviews already. i sat down with the ceo to tell us what makes "evolved" unique and if it will be

problem is. the problem is china india and so forth. we all know that. i am going to go through here to try to get these points across and then we will hear from senator boxer. by mid summer your office miss mccabe plans to complete the small business advocacy review issue, a model federal implementation plan and evaluate literally over 5 million public comments to your proposed rules. the agency has already missed its first statutory required deadline to finalize its new source proposal by january 8th of this year. i am interested in learning how the epa expects states to comply with an expedited time line the agency could not meet. it should not be a surprise that 31 states have now opposed the clean power plan. today ms. mccabe we are epa's day and your day in the barrel today, but we're are going to be inviting these states, 31 states representatives, the ones who are paying for all this stuff the ones who are the stakeholders, the ones who have to comply, we'll be having a hearing with them. in the mean time we have a number of problems with the proposals. i'm concerned that your a

>> the growing case for easing in china. factory output continues to slope did no more aid for now -- to slow. reverse, out of queens land defeat could be a career defining moment. happy monday to you. i am in for angie lau this morning. up 1/10 of a percent. the dollar strengthening to 77. a going through a plunge. the rb and zed holding rates steady at 3.5% last week. zealand dollar, and the lowest in four years. we are counting down to the open in japan and south korea, less than one hour to go. nikkei futures pointing to a lower open after the decay to 25 closed -- after the nikkei closed -- the nikkei to the five closed at -- that china's manufacturing sector is not only slowing down at shrinking. now with the details. two years and four months. it was expected to slow down. >> you alluded to the 50, which indicates ahead activity will slow. there is a survey of managers that ask a bunch of questions. when it gets to the 50 it shows you may be a touchy spot of the next two months. that is what you have over the course of the next seven months. there are a few reasons. seasonal

years of armed struggle. according to local media, several thousand residents have evacuated into china following fierce fighting including air strikes. china is urging myanmar to restore peace and order along the border between the two countries. >> translator: china has provided necessary humanitarian assistance. i think these people will return to myanmar as soon as the situation calms down. we hope all sides in myanmar can work with china to calm the situation. >> they hope to use the growth of the market of 600 million people as leverage for its own growth. it's indispensable for them togreementagreements. >>> the prolonged drop in crude oil prices is affecting not only the economies of oil exporting countries but also the value of their curbrency against the dollar. indonesia has seen the value of its currency fall by 6% over the past six months. >> reporter: the decline is hurting major industries that form the backbone of the economy. had is indonesian traditional ware. people here wear this as their everyday clothing. there are more than 1,800 workshops in the town. this man ru

. >> ultimately, it has to stop with the manufacturing facility over in china. >> yeah. >> and they're nothing more than industrial-grade chemicals. >> not dangerous. not poisonous. ready for another reason to switch to t-mobile?, how about getting america's best unlimited 4g lte family plan. get 2 lines of unlimited 4g lte data... for just a hundred bucks a month with any smartphone, including the samsung galaxy note 4 for zero down. add more family members for just $40 bucks a pop. think the other guys have a family plan like this? think again! finally, it's full speed 4g lte data that really is unlimited. let'at your credit. >>i know i have a 786 fico score, thanks to all the tools and help on experian.com. so how are we going to sweeten this deal? floor mats... clear coats... >>you're getting warmer... leather seats... >>and this... my wife bought me that. get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credit decisions. why do we do it? why do we spend every waking moment, think

speed of italy. but the cost is dropping much more precipitously. >> stocks in china are heading for their best rally since 2007 after a slight reaction off the back of failed they allow talks -- failed bailout talks. john, a good day to you, what is the latest? >> good morning>>. china is quite encouraging. they saw prices fall before the rally. they are brushing off the greek concerns and it is all go here. there has been your creditor -- easier creditor calls. these factors are driving a property. home sales in december after 12 months of decline, the home front is quite encouraging. >> john, the lunar new year begins on thursday. it is the year of the goat, i gather. what does that mean? >> you are a dog apparently. i have researched this. it is also a dog -- anna is also a dog. this is the year of your career. the advice is to recharge after work and don't be impatient. these are the words regarding a dog. manus is a rat. i think, according to reports. [laughter] >> this is my year? >> the year of the dog as well. >> for our viewers who want to know which your job was born -

announces new rules for migrant workers. hygiene in china back in the spotlight. a hepatitis a outbreak is linked to frozen berries. checking in on markets this morning -- to australia where despite is selling off better-than-expected results. half a percent down, australian dollar is at 77 u.s. cents ahead da when it dropped out to do and a quarter percent. dollar spot weakening. we are counting down to the openings in japan and korea. japanese equity index futures trading as the yen holds near a one-week high against the euro after talks between greece and creditors broke down against the u.s. dollar. we are seeing a slightly weaken. it is that time of year again when the biggest wave of human .igration rumbles into gear in china, millions and millions of people who had home for the spring festival holiday which highlights a huge number of migrant workers and comes as the government announces significant changes in residency laws. it puts an enormous strain on transport. >> do not get on a train during the festival in china or a plane or a bus or a car. the highways are jammed. i would g

, india and china took steps to get more money flowing through the economies. they want to stimulate growth they say and some are wondering if the real agenda is currency devaluation. well, we start the program by looking at what's motivating the big easing. >> reserve bank of australia cut the key rate a quarter of a percentage rate to 2.25%. a record low and the first reduction in almost a year and a half. glenn stevens said domestic demand remains quite weak and that it's running below the expected growth path. stevens suggested the rva is trying to nudge down the australian dollar. he said australian currency had declined against the u.s. dollar in recent months but at a slower pace than against other currencies. he said the economy will likely need a lower exchange rate to achieve balanced growth. the reserve bank of india has refrained from a rate cut, but took other easing measures this week. policymakers gathered on tuesday, just three weeks after lowering the regal rate. they decided to hold the rate steady at 7.75%. >> and given there has been no significant new inflation s

"newsline." \s >>> the economy is growing faster than china's but economists are baffled by the numbers. . >>> oil revenue down, food prices up. finding it hard to swallow. >>> and the new year backlash. they have had enough. >> it's too crowded. >> hello, you're watching "asia biz forecast." we begin with a tale of two economic giants, china and india. surprising news on who is growing the fastest. economists had been predicting that next year the takeover from china as the pace setter in global growth but according to officials their economy is r already expanding at a faster rate than china's. officials in beijing also released a batch of new numbers. trade data for january disappointed analysts. many expected robust from the united states and other markets to push experts higher. but they fell by 3% from year earlier and imports tumbled by 19% on slumping demand from coil, oil and other commodities. next came the consumer price index that showed prices ticked up .8%, the slowest pace in over five years and producer prices slumped by more than 4%. economists interpret the num

american companies locating jobs in low wage china, then selling it back to walmart. yes, we got cheaper sneakers but we lost all of our jobs. >> mr. president, you use the word debate. there has been no debate about this. he laid out the case for the tpp after that sound byte. the united states is working hard to make this trade deal fair. >> my argument is twofold. number one, precisely because that horse is out of the barn the issue we're trying to deal with now is can we make for a higher bar on labor, on environmental standards, et cetera in that region and write a set of rules that are fairer because right now it's not fair. if you want to improve it that means we need a new trade regime. the old one isn't working for us. the second reason it is important is because the same countries we're negotiating with are the same countries that china is negotiating with. china could write the rules of trade. it means that we will be cut out. >> wait a second. if you're the biggest customer in the world, who is going to want to cut you out? it seems like we're not swinging a big enoug

may have bottomed out in china. raising the stakes against samsung in the battle of the chips. a record investment to meet blooming demand in the u.s.. that and more in this tuesday edition of "asia edge." >> a cautious day after talks between greece and europe. another market in the red down for 10th of a percent and now a fourth quarter gdp beat estimates, growing 2.1%. europe bonds lower than the quarter. chinese stocks extending their around and doing good. shanghai up 8/10 of a percent. shanghai composite up for seven straight days. the highest level since the end of last month. china's january property prices falling a bit less than in december. i tell you which stocks are moving later in the program. to our top story. the debt drama in greece. creditors talks collapsed in brussels. finance minister said that greece refused to be considered a debt colony but said he does expect some sort of agreement this week. the greek government wants its current bailout program scrapped and is seeking an $11 bridge -- $11 million bridge loan instead. josh, we will hear from you in a mom

in china. and you have to pay more for your gas. the average price of regular gasoline jumped almost $.13 in the last two weeks to 200 to -- to dollar $.20 a gallon. -- $2.20 per gallon. falling prices have led to a slowdown in drilling. the cartel says supply will only grow half as much as it did last year. in the british newcomer the big winner at last night's grammys. best new artist and pop vocal album. beyoncÉ and he each won three grammys. what a night. breaking numbers from mcdonald's . global sales down more than what wall street is mated, down 1.8%. scarlet fu has more. >> that is right. we know mcdonald's has made a change at the top coming in with the new chief executive. when you break down the numbers, europe and the u.s. performed better than anticipated. comparable sales rose to an unexpected increase when analysts were looking for a drop . in u.s., a gain of 4/10 of 1% versus the expected increase their mcdonald's cites a positive breakfast performance. for asia, the middle east, and f, a huge drop versus an expected drop of 8.4%. we know that mcdonald's had some pro