china sea. it's building island to prove it. i talk to a chinese diplomat on how far china is prepared to go to defend the islands in. >> hunted to the brink of extinction... >> we need an urgent method that stops the killing. >> now fighting back with a revolutionary new science. >> this radio carbon dating method can tell us if trade of ivory is legal. >> it could save a species... >> i feel like we're making an impact >> techknow's team of experts show you how the miracles of science... >> i'm standing in a tropcal wind storm... >> ...can effect and surprise us... >> wow, these are amazing... >> techknow, where technology meets humanity! only on al jazeera america real. the new al jazeera america mobile app, available for your apple and android mobile device. download it now place in the south china sea is raising tensions between u.s. and china, and raising questions about how far the two countries were willing to push the conflict. china is building artificial islands in in reefs on the arc

china sea. it's building island to prove it. i talk to a chinese diplomat on how far china is prepared to go to defend the islands in. >> "inside story" takes you beyond the headlines, beyond the quick cuts, beyond the sound bites. we're giving you a deeper dive into the stories that are making our world what it is. >> ray suarez hosts "inside story". only on al jazeera america. g. the new al jazeera america mobile app, available for your apple and android mobile device. download it now place in the south china sea is raising tensions between u.s. and china, and raising questions about how far the two countries were willing to push the conflict. china is building artificial islands in in reefs on the arch pell ago. they are 600 miles from the coastline and closer to other countries laying claim to them. like vietnam, malaysia and brunei. this is significant. according to international law, a country's jurisdiction over territorial parts extends over 12 nautical miles. china is clearly outside th

china sea. might makes right. how is the mighty u.s. prepared to do this? i'm back in two minutes. available for your apple and android mobile device. download it now >> the united states is called on china to stop its provocative actions in the south china sea. but china has essentially told the u.s. to butt out. its primary shipping lanes may be home for billions of barrels of oil. on sunday a chinese admiral defended the country's construction of artificial islands in the region and just last month china warned a military aircraft to leave a military zone, quote after it argued over reefs. marga ortigues reports. >> china has built at least seven man made islands. over 800 hectares, where there was only once rocky outcrop. the u.s. calls the activity unprecedented. ashton carter criticized china's aggressiveness. >> china is out of step with both the international rules and norms that underscore the asia pacific security architecture and the regional consensus that favors dploancy diplomacy a

k.t.: one china, two china. ret. adm. howe: exactly. they recognize there was one china. we had a defense treaty -- k.t.: with taiwan. ret. adm. howe: it is not totally resolve the at but taiwan is the biggest trading partner with china. there's a lot going on intercommunication. >> during that week there were three sets of talks going on. one was nixon and joe discussing the world. one was kissinger discussing the actual wording of the shanghai communiquÉ. one was rogers and his counterpart, the chinese foreign minister. that was all about what we call the nuts and bolts of the relationship. trade, travel, immigration legal issues, education etc., etc. k.t.: which is all new because we had none of those agreements. mr. platt: we did not know anything. we had talked a little bit. i remember during one of those talks the chinese were saying, you are still requiring us to be fingerprinted when we go to the united states. we said no, that's finished. they said no, it's not finished. roger said, you go find out. i rush out. there's a white house telephone in the great hall o

allow china to compete more aggressively for china's r ail deals. the latest data revealing the storm a stroke -- the strongest growth since 2013. gdup up. number.iminary 2.4% the results have been driven by stronger pickup in business investment and inventory buildups. the greek government and its creditors due to resume later today. the diplomatic pressure piling up on greece. aner g-7 leaders called for end for the deadlock. we have got that trade number coming through. overall, seen as being positive. chinese trade data out this morning. point $5urplus of 59 billion but exports falling again. imports down much more than expected. overall in asia today, we are seeing stocks falling for 60 consecutive day, holding at a two-month low. kospi down. the day down .3%. has been dragging the -asian- the numbersagging down. let's look at the australian. because australia is china's biggest trading partner. the australian dollar lot -- not much changed. it's been weakening for three days now. let me take at the japanese yen, because we are seeing the first

we do not fear china's rise. we want to see china rise. to continue to rise in a responsible way to benefit you most china because you have an important role to play. >> the fact that secretary of state john kerry, was joined by jack lew signals economic and security issues. while the u.s. has not formally accused china of the hack that compromised personal financial and medical records. for its part the pentagon is more focused on china's rapid build up of conventional forces. in a speech a day before the china talks, the number two civilian deputy defense secretary bob worksaid: work could have been reading from the pent gone's latest report to congress which says china's officially disclosed military spending averaged 9.5% growth, white the pentagon has been hamstrung by sequestration cuts imposed by congress. the rising china threat card is one played by the military services as they plead for money from congress arguing while china's air force is growing, the u.s. air force is just as quickly shrinking. >> when we deployed operation d

took against china in the south china sea. they demanded the reclamation work stop immediately. >> with its actions in the south china sea, china is out of step with both the international rules and norms that underscore the asia-pacific security architecture and the regional consensus that favors diplomacy and opposes coercion. >> reporter: delegates from other countries also called for a diplomatic solution. chinese workers are turning rooef reefs in to land masses. the u.s. has stepped up reconnaissance activities in the area. they deployed war ships and patrol aircraft. china's representative justified the reclamation work admitting it was partially for military defense in addition to fulfilling its global obligations for maritime rescue. >> translator: the work is reasonable and justified. and within our sovereign rights. it also does not affect freedom of navigation. >> reporter: a regional security expert who attended the forum questions whether china's rhetoric was accepted by delegates. >> china tried to insist this i

china and the u.s. prepare for their annual strategic dialogue with human rights, cyberattacks and territorial disputes on the agenda. her newwift pulls outlook from apple music saying artists are giving a raw deal. she said three months is a long time to go unpaid. let us know what you think all the latest stories by following me on twitter. markets getting under way. singapore and taiwan and malaysia have come online. here is stephen glass. -- stephen -- david ingles. david> it is looking good. we are up for a third day. levels of monday last week. -- the biggest drop in china as most of us know, in the red. you put at damage together in china and the markets are closed, by the way. damage north of $1 trillion market cap, wiped out. one week. only china could see something light of that in a short span of time. -- also shot of both ways. back to what is happening today. with the exception of australia because a decline with the mining stocks, energy, consumer staples, taking the biggest his. south kor

, regarded by some as pro-china. going so far as to suggest everest is inount china, and that is what the textbooks say in geology. it is caused huge protest, students making their case to the government's education ministry. it caused a big uproar. this is what people are saying on social media. there was a big article in the chinese language daily, we translated it the of facebook. this generation of children have grown up in the internet era with free democracy. using textbooks to brainwash them will backfire. we know that textbooks issues are hotly debated. >> a simple google search could cause a lot of problems. we're talking about this sarcastic hashtag. beingawoman.te here he is meeting with the prime minister and there. he was praising her efforts to stop terrorism. he said despite being a woman though. that is how we ended that remark. a lot of people talking about this in the last couple of days. people putting their own ironic remarks. tolerant,generally #fail. this is when to be really bad. some saying th

a tale of two markets even though they are birth china. -- both china. if you look at the age share versus age share, and particularly the dual listed stocks, the same companies that aade, still 105% premium for share stocks. more than a 40 times four, 20 multiple or so for the china stocks. there is a big split into virgins that this pullback has not corrected. this chart shows how much the shanghai and shenzhen market the falling a relative to msci china, which is white. it did not rise nearly as much and has fallen. yvonne: we have talking about this about a stampede that has fallen, and in a bear market, where devaluations stand right now? guest: a fascinating question, because this has been a momentum driven market. at some point, you come back to the foundation. the shanghai composite has pulled back to about 15.5 times or word earnings, down from 19 times. if you compare, that is the yellow line in this chart. if you compare that to msci china, it is at 11 times. actually one of the cheapest markets at this point. look at the red, which is the mar

south china sea. some filipinos in china say they want to see more friendly relations. marga ortigas reports. >> this service from china radio international 50 years old but it's facing challenging times. >> the filipino survey aims to bridge cultural divide among chinese and filipino people. and to enhance their friendship and mutual understanding. >> reporter: that might be the mission at cri's editorial meetings but the divide between china and the philippines has never seemed wider. china is shaking up the region by be building controversial islands in the south china sea. it's been over a year since the philippine government brought the lawsuit. china has refused to participate in the process insisting it has indispoous annalindisputable rights to the water. speak country to country without what it calls outside interference. filipino classes have recently been added to the beijing university a school known for creating diplomats. it aims to develop an entire course. >> it would be easy to stop t

adoptorry china will not the best practices. remember, china wants this to work. it wants to showcase chinese leadership and it wants the yuan to be internationalized. rishaad: the thing is, we talked governance. but what about the structure of this bank. will anybody have a veto? it,inda: as we understand china will have 26% of voting rights. it will have veto power. some reports suggest china is actually willing to cut voting rights to less than one quarter, if the u.s. and japan decide to become members us well. voting rights, indonesia wants some. it is looking for partners to form a constituency with a combined share of 6%. it is in discussions. the maldives is a possible partner. it looks like nations fighting for a voice, understandably given their voices are hardly heard at the world bank or imf. rishaad: thank you, haslinda. joining us with the latest on the aiib. stories making headlines elsewhere. vietnam evening courier -- easing on foreign energy. increasing holdings on another of industries. banks will remain capped at 30%. japanese are telling civil

come to china, sell their product to china. than: japan must more double sales tax if it wants to avoid a fiscal crisis. that according to the former vice finance minister. he says the hike needs to happen over the next 10-15 years. the debt stands at around 230% of japan's gdp. the prime minister has postponed plans to increase the sales tax until 2017. sales tax hike push the economy into a recession. greece's latest proposals to unlock bailout fails to reach magic -- budget targets, until the end of the to reach anave agreement before the satan expires. merkel in brussels later today. hsbc chief executive stuart gulliver said there are no sacred cows and has plans to cut cost and raise profitability. the bank has a built it's three-year strategic plan. how did investors react here? it was a big move for a bank. bit muchwas a expected. thosetake a look at shares over the day in hong kong. this is right after we saw that strategic plan announced. we saw shares rise posted 2%. three hours later, that is when stuart gulliver sta

china. shery. coming up, our next guest says new zealand will reduce rates, but not just yet. ♪ some of theing headlines around the world, turkish voters rejected the president's push for greater toer with the ruling set lose a parliamentary majority after an election. they reason the possibility of a coalition government. the main kurdish party is set to win seats for the first time. the party leader wanted a constitutional change to extend his term to concentrate more power in his office. the turkish leader fell to a record low. malaysian officials say 18 people are confirmed dead after an earthquake hit the country's highest aegon friday. two bodies are yet to be inovered from mount kinabalu malaysia. victims were from singapore, including six children and a teacher. more than 100 30 other people were trapped in the mountain, and many had to make their way rexx -- criticized rescue efforts. inrowing volcanic irruption indonesia has remained active since last weekend, when the alert was

so it -- with the china 2030 report, bob zoellick worked with china for two years and really wanted to be sure that the chinese were comfortable with what was coming out in this text. so, you know, things like greater flexibility and currency all these things we thought china wouldn't commit to and they did. what was so successful, the first time i met the premier he said we love that project it was helpful to us. now we want you to take on urbanization. they have a lot of complex problems. if you were born in one province, you could only get services in that province. so when they come to the cities cities, it's difficult because they can't get services in the city when they move away from the province. one of the things we did was say here is a way that you can move away from that and they're beginning to do it. here are ways that you can build smarter, cleaner more livable cities and they were happy with that. they're at 5% gdp. they're saying now do we want to go to 4% of gdp and have better health outcomes than anyone? we are now looking again all over the globe bringing in expert

china's pushing its claims in the east tennessee against japan -- feast china sea again -- east china sea against japan. anna: how our relations with russia? russia's relationship with the west's been tested right now. jonathan: it is in serious need of friends. they'll give it money to have high-speed trains. naval maneuvers. this is china -- the soviet relationship is resuming with china in the lead. mark: this china back asia infrastructure -- how is it going down? jonathan: 57 countries rushing to take part. be careful of this. we were told that china would not dominate this thing. the latest news coming out of singapore is china would have around 25%. the next biggest shareholder, india, what have a percentage. there is a need. asia needs investment in the next 10 years. china is supplying some of that. there will be there careful not to do anything naughty and to keep their record squeaky clean. manus: i'm no longer undervalued apparently. it will be welcomed into the imf . this would be a significant event. what would it mean? missed him by -- demystify all that code. jonathan:

and how is china responding? >> the u.s. government has been the subject of attacks before and there is one attack in particular that people are pointing fingers to and that's a giant insurance company. you may remember last year allegations that china was behind that cyber attack. they see parallels between the two attacks. the chinese are scoffing at the claims. nevertheless reports across the u.s. media today attributing to senior administration officials that they do believe that some chee niece entity, whether it was an official entity or chinese hackers are responsible for this attack. >> mike viqueira in washington. thank you very much. now joining me also in washington is a fellow at foreign policies china channel tea leaf nation. what can you tell us about the reaction in china to this allegation? >> thank you for having me randall. as was just mentioned the chinese ministry of foreign affairs has certainly not acknowledged this attack. this is standard. they -- the chinese government will often repeat the claim tha

i know the reason that i wrote my book on china dealing with china was because it is important for my grandchildren and everyone's grandchildren to grow up in a world that is prosperous and i mean inclusively prosperous is safe, has got a sound healthy environment and i think the odds of that are much, much greater if we're not in conflict with china but if we're working in complementary ways with china. >> ifill: we'll be back with a look at the debate over development in the grand canyon. but first, it's pledge week on pbs. this break allows your public television station to ask for your support. and that support helps keep programs like ours on the air. >> woodruff: for those stations not taking a pledge break, we take a second look at a report from our occasional series, "transgender in america." hari sreenivasan has the story of one person's transition, and his efforts to change thinking and perceptions. >> sreenivasan: the soccer fields at choate rosemary hall in connecticut turned into an outdoor classroom of sorts this past sunday. high schoolers from area boarding schools gat

over the south china sea. they have the potential to become more worrisome. >> brangham: what does china want, mikele? >> i think china's trying to give the basis to extend territorial claim and say this is territory that comes with 12-mile territories in the oceans and the intentions in the sky as well and making it clear china is the most invested land power so to speak in the south china sea. what ken said about the militarization of the islands and unfortunately seems to be happening, we saw air strips reports of anti-artillery or anti-aircraft weaponry, the problem is not simply they're building them and for research purposes as they said burks from the get-go they're design for power projection purposes to allow china to extend throughout the region. >> brangham: kenneth lieberthal, secretary carter argued china is breaking the rules. china said we're just doing what other regions in -- nations in the region have done and the land is ours to do as we please. what are the rules governing this? >> the rule

officials in china deny it. the threat of cyber attacks led to the first ever cyber summit with every major tech ceo in silicone valley earlier this year. president obama spoke about the growing cyber threat that poses a challenge to economic and national security. >> the same information technology that has made our military the most advanced in the world are targeted by hackers who go after our defense contractors and systems built for our troops. >> he ended his speech by signing an executive order calling on tech companies to share cyber security threat information in hopes of preventing another attack like the sony hack that exposed everything from salaries to sensitive e-mails. >> hello north korea. >> it supposedly was in retaliation interview." >> you want us to kill the leader of north korea? >> yes. >> revenge is also the suspected motive behind an alleged iranian hack in 2014 at the sands casino. it's believed the target was a supporter of israel after he suggested bombing iraq. >> russia, china, iran

china nuclear power company. china raised $2 billion. to a lot of people it smells like a bit of a bubble. what do you say to them? >> that has been a feature of the china equity market for the last 20 years where there was always a pool of money which only plays to ipos. it is not like this money rushes in and out of the equity market itself. this type of behavior is a structural part of the market for a long time. in the last five years we haven't had many ipos. everyone forgot about this behavior. it is a separate pull of money. >> are you saying it is normal? is that kind of thing normal in china? is that what you are saying? >> that sort of ratio is normal. in this case the numbers are bigger. most of the ipos are smaller. it is always like that. jonathan: the msci decision is not going to happen overnight. it is going to happen gradually. >> we know it is going to happen. we know the chinese government wanted to happen, so it will happen. it will just take a little bit longer. the shanghai is down. people notice delays, but that's

territory in the south china seas. the americans expressed concern at china's land reclamation project in the desperately islands. it's a project that they insist they have a right to do. >> as the biggest country in asia and the in the south china seas china has the obligation to provide security services. >> the obama administration is calling it a bad idea. >> nothing has changed about our views of these destabilizeing activitying there in the south china sea. i suspect that this will be an issue that comes up, in fact, i know it will come up next week. >> secretary of state john kerry will host these economic dialogues ear in washington on june 23rd and 24th. the u.s.' concerns about china's efforts to expand its military influence in the asia pacific are certain to dominate the talks. but china's political and economic ambitions are also on the agenda, and experts say that those two are certain to generation tough conversations. among the big problems, cyber security. unnamed u.s. officials blame hackers for recen

i love china. but their leaders are much smarter than our leaders and we cannot sustain ourselves with that. it is like take the patriots and tom brady and have them play our high school football team. that is the difference between china's leaders and our leaders. we are rebuilding china. you go to china now, roads bridges, schools and you never saw anything like it. they have bridges that make the george washington bridge look like small potatoes and they are all over the place. we have all of the cards but don't know how to use them. we don't even know we have the cards because our leaders don't understand the game. we could turn off the spigot by charging them tax until they behave properly. now they are going militarily. they are building a military island in the middle of the south china sea. a military island! our country could never do that because we need environmental clearance and the environmentalist would never let us. they built it in one year. this massive military port. they are bui

china. can you tell me why this might be different? >> i think china had one really strong card, one time, it did that with japan, over the sincacus. if they wanted to do it again it would be far less of a surprise, chinese generals and concerns have hinted at it. -- and colonels have it. japan and china territorial disputes is over a single group of islands whereas this area we're talking about here is much more massive and it would be much more difficult for china to actually enforce an edict, i think there are strategic different out of it would be less than adiz. >> when you say adiz that stands for air deference identification zone. that is our show for today. i'm ali velshi.

china. can you tell me why this might be different? >> i think china had one really strong card, one time, it did that with japan, over the sincacus. if they wanted to do it again it would be far less of a surprise, chinese generals and concerns have hinted at it. -- and colonels have it. japan and china territorial disputes is over a single group of islands whereas this area we're talking about here is much more massive and it would be much more difficult for china to actually enforce an edict, i think there are strategic different out of it would be less than adiz. >> when you say adiz that stands for air deference identification zone. that is our show for today. i'm ali velshi. [ ♪ ] >>> american parents are moving away from shame, scorn and cutting ties with children who consider themselves different from their birth gender. that doesn't mean all the challenges that go along with changing from the gender on a birth certificate disappear. a lot of adjustment is required to see gender id

uber's main rival in china's super sizing its valuation. will it determ the ceo's grand chinese land? -- plan? ibm is scoring hundreds of millions of dollars in data technology. we will hear about their new center in san francisco. and e3 goes wild for "fallout 4." one of the brains behind it joins us on "bloomberg west." alibaba is turning up the heat on netflix, amazon prime and hbo go, entering the video streaming market. jack ma is building his own aversion in china and it will have its own original content and programs bought overseas. alibaba has been on the hunt for new revenue streams and has been trying to tap into their online video market, but will he be able to compete with more established streaming competitors inside china? join me to discuss it, we have the wedbush managing director and the bda china chairman and from new york, jeff from polaris advisors. i would like to lay out the landscape in china as it is now because alibaba would be a very small player in this market. it something $.10 has already been doing. guest: bot

arnold: there is a lot of work to be done in china. we have to have ports developed so the chinese guests have destinations to go to. but the reality is that it a good market already today. we have four ships there. three on our castle line, one on our princess line. both brands are profitable. the chinese government has declared through their five-year economic plan their intention to develop the cruise industry. so that means a lot of things will happen relatively quickly. we want to be there to help make it happen in a way that we think will help the chinese government establish the cruise industry they want, that will be sustainable for years to come. betty: so how often are you there now? arnold: i have been on the job a year and a half or so, and have already made five trips to china. it's a very active market under development. it's going to take some time. we are very happy with what we have today. but we see it someday being as large as any cruise market in the world. betty: donald says carnival is focusing on one thing the ch

air china, china airlines, and china southern are involved. southeast asia's largest market is counting the cost of train disruptions last year. put more exchange will than $7,000 into an education bond and spent $15 million to improve systems. also will use the exchange to prevent the raises. -- fee raises. shares have been suspended since april four atlas iron. let's go over to paul in sydney. i am obsessively watching my screen here next to me and, no, nothing at this stage. the meeting to begin a little over 30 minutes ago. there are a few items on the agenda but key among them is shortlan to give a placement to contractors and to issue new shares worth up to $180 million which would put them at a share price of five cents apiece. shares were parked at $.12 back in april. that five cent price represents a healthy discount. it's no surprise there will probably be plenty of questions from shareholders at that meeting. effectively, this is the only plan on the table. atlas has really been struggling, particularly when the price get very low t

and equitable society in china continues. takeshi togawa nhk world, beijing. >>> chinese president xi jinping has met myanmar's opposition leader for the first time in beijing. he conveyed his intention to strengthen ties. aung san suu kyi said the two met. she hopes his message will continue to be consistent. he said he believes myanmar will proactively push for the friendly development of ties no matter how the domestic situation changes. aung san suu kyi replied her party, the national league for democracy, has admired china's great achievements under the commune party's leadership. she said she hopes to strengthen ties. the two maintained friendly negotiations while myanmar was isolated from the west but relations have been strained since the country shifted from a military government to civilian rule in 2011. political observers expect aung san suu kyi's party to do well in a general election this year. they say it's rare for china's top leader to meet someone who is considered a symbol of myanmar's democratization. and

china is shaking up the region by controversially building islands in disputed waters in the south china seas along vital afraid passages claimed among others by the philippines. >> it's been a number of years since they brought this to arbitration before an international tribunal. china refuses to participate in the process insisting they have undisputeable rights to the waters. filipino classes have been added to the curriculum at the beijing foreign studies university. a school known for creating diplomats. it aims to develop an entire course in philippine studies. >> to master the language of another country you can understand the culture, you can communicate with locals better. if there is dispute it will be easier to stop the problem if you could speak their local language. >> when he's not at work at china radio he teaches his native filipino martial arts to students in beijing doing his bit, he says, for bilateral relations. >> politics is not so pleasant. so focusing on the more cultural aspect would be focusing on the more beautiful things of human life. if you only focus on th

expanding maritime activities in the south china sea. defense department officials say carter called on fan about the spratly islands and cease further militarization. carter also expressed hope that the united states and china will reach consensus by autumn on rules to reduce the risk of accidents when the two countries' aircraft operate close to each other. >>> a court in china has handed down a life sentence to a former member of the nation's top decision-making body for accepting bribes. the ruling comes as president xi jinping aims to show he's committed to taking action against widespread corruption. zhou yongkang was the ninth highest-ranking member of the communist party's politburo standing committee until november 2012. state run xinhua news agency says a court in tianjin near beijing sentenced him for accepting bribes, abuse of power and deliberately disclosing state secrets. he and his family allegedly took more than $20 million. >> prosecutors indicted zhou in april. he was tried behind closed doors. xinhua says the trial wa

in china loan. last week, jan gen securities and others tightened their rules for lending. the reason why the shanghai and shenzhen markets are so volatile compared to other global indices. in a bid to void any kind of bursting of that bubble with you more than $6 billion of new money flowing into chinese markets last week alone, it's unclear if that can be avoided. >>> still with me is phillip shore, chief economist. how concerned are authorities are going to be in china that this data is still soft despite the fact that they have been easing monetary policy for quite some time now? >> the economy, the reductions in rates and also the required reserve ratios have come down. it certainly doesn't mean that the economy is heading into recession any time soon. one wonders how confident the chinese authorities are for reaching their growth forecasts or targets this year. i think that one is under question. and it probably does mean that we're going to get another cut in rates from the pmoc. >> at a time

it does not include china, it excludes china. iab, the united states has taken that controversial view. ttp as ane view effort to let at u.s. keep writing the world's trade rules. a lot to be discussed. and it's agreed-upon. [laughter] angie: thank you so much stephen. let's take a look at some stories we are tracking today. roberta bank glencore has seen one of its nickel mines -- reporter: glencore has sold one of its nickel mines. glencore has now 19 million. the deal with xstrata follows in industry trend. it was part of glencore's acquisition and vault at the heart of the commodity boom. it has since collapsed. china aircraft said in the ceo quit. he resigned while on vacation. the company has not been able to contact them since. some sources say that the u.s. government -- and the chinese government is investigating. aircraft has reviewed records. they had a record 90% on friday. a director as softbank has hit a pay record raking in $15 million. the highest-paid executive in japan last year. the record [indiscernible] gopro

china information is the latest bids to go private as valuations in mainland china arises. the shanghai composite more than doubled over the past year before falling 13% last week. a $1.5r is suing over million advertising campaign. he claims the whole library which failed to honor an agreement to feature him last year -- he claims of the online broker failed to honor an agreement to feature last year. e*trade launched a tv ad last year featuring kevin spacey. apple has backed down on paying royalties less than 24 hours after taylor swift posted a critical open letter on the issue. it says it will pay artists using apple music's three-month service. many anden attacked by the music industry but taylor swift was the most high profile. apple music will debut on june 30 and will cost $10 a month after the trial period. angie: central banks in the asia-pacific have been on something of an even spree as the fed is on the verge of raising u.s. rates. any associated outflows are nothing to worry about, according to the taiwan finance minister. deborah, you spoke to the finance min

china is on? >> we still look at valuations and they are sloppy win the nominal gdp growth is only 5% unlike 2007 or eight one day the music had to stop. i think that explains a disconnect between the two markets. angie: what do you think will happen in china mainland stocks when they reopened tomorrow? >> tomorrow is difficult but what we first see is an economy where almost the entire world is affected. on the one hand, you have volatility where they are cutting interest rates. the structural issues still remain. so the growth is broken. angie: are you still overweight china? >> there are still good companies like internet, health care telecom, insurance. it is not growing at 7% but probably 4% or 5%. angie: let's take a look at the broader asian market here. marginally overweight china. where else do you like? >> india is a story we have been following for a long time. most are saying in a no inflation world, you need good demographics, good leadership. that is what india has. it is significant

we do a lot of business with china, a lot of members did business with china. i you worry that this explodes? this whole thing explodes? >> we have been very involved in cybersecurity for ten years. i worry as we go forward with china, russia, in particular, the iranians and then some -- this is very important, non -- people that are not hooked up to a government. that are terrorists. neil: in china's case the government and businesses are intertwined. let me be clear. do you trust china? do you think they are hoodwinking us, fooling us just taking advantage of us? >> i think china has a fundamental need to do business with the united states. they have a fundamental need to find a way to also work with us on the really difficult issues around the world. on the other side. neil: they are doing this. what i am asking you is when they keep doing this, these embarrassing incidents, the leader of the chamber of commerce, no amount of business is worth putting up with this nonsense. >> i believe there are four or five countries that do this. china has gone over the l

i love china. people say, oh, you don't like china. no, i love them, but their leaders are much smarter than our leaders. and we can't sustain ourselves with that. there's too much -- it's like -- it's like take the new england patriots and tom brady and have them play your high school football team. that's the difference between china's leaders and our leaders. they are ripping us. we are rebuilding china. we're rebuilding many countries. china, you go there now, roads, bridges, schools. you never saw anything like it. they have bridges that make the george washington bridge look like small potatoes, and they're all over the place. we have all the cards, but we don't know how to use them. we don't even know that we have the cards because our leaders don't understand the game. we could turn off that spigot by charging them tax until they behave properly. now they're going militarily. they're building a military island in the middle of the south china sea, a military island. now, our country could never do that because we'd have to get

china has been more pushy. china does claim about 80% of the south china sea and satellite images show construction of an airship -- an airstrip big enough for construct -- big enough for use by china's largest aircraft. about whatt's talk happened in the senate in the u.s. overnight three u.s. spy programs are said to go dark in a couple of hours because the senate wasn't able to strike a deal renewing them. were taking up and debating a house passed bill that would collection of bold records well re-enabling two out of the three acts. they allowed to see targeted phone records, hotel and banking and search for lone wolf terrorists not connected to an organization. senator rand paul threatening to use residual tactics to delay a they vote for several days say that if the measure is changing will now be delayed even more. mcconnell, says it is a totally on acceptable outcome. rishaad: another story we're following is why john kerry has to cut short his trip to europe. later on the show, they are pouring money i

to make these products outside of china. it would cause a spike, there was some uses where it would be impractical in that period to use the rare earth. things that make us concerned about national security. there would be enough, there would be plenty for the uses. >> that is our show for today. i'm ali velshi, thank you for joining us. i'm ali velshi, thank you for joining us. i'm ali velshi, thank you for joining us. >> he was electro-shocked and tortured. >> decades of corruption abuse, and torture, by chicago police... >> you think people make a distinction between cia, black ops sites, verses torturing a thirteen year old kid from the south-side? >> people realize that torture is torture. >> lisa fletcher brings you an in depth report chicago torture only on al jazeera america pakistan accuses save the children of spying and is giving the charity 15 days to get out of the country. ♪ ♪ >>> hello, welcome to al jazerra live from doha. also on the program. child labor in cambodia we find out what's being done to help

and relisting and china. the so-called go private deals total 25 billion dollars and they are a boon to investors. investors are rewarded with a 23% premium over the company's theage price prior to news. investor meetings in japan and indications are it could be a lively one. that is because they could be subjected to a shareholder friendly code. how is it looking for japan, inc.? firms are bracing themselves for a new era of investor scrutiny. investors intending -- attending shareholder meetings will -- this marks a huge change from the history of japanese companies shunning activist investor demands. to 25 biggests companies hold shareholder meetings in the next two weeks. in the past, the cover these the biggest shareholders would approve statements regardless of the effect on returns. the code is part of prime e's pledge to make firms more profitable. sharp is one company. they just experienced a tough annual meeting with calls for the ceo to step down. sharp has been struggling and has lost more than $4

milk tol a lot of china. if you look at this chart, the milk sold at auction in new zealand, there is a company that does it, their version of the gdp is the weekly milk action. they have a low and another indication, yeah maybe in short time, china is -- alix: they sell a lot to china. >> the big picture, a ripple effect from china slowing down is that drag in milk prices. alix: i don't know what that combination means. buying milk ork iron ore. and now to you guys. benjamin, what is a big indicator for china? >> milk is a small segment. [laughter] >> that is the key question everyone wants to know. there are quality issues coming out from new zealand, it could be a specific issue to new zealand. i think milk coming out of europe, i think they are accessed about -- accessed -- obsessed about quality. that has been a big source of profits. milk, we are working on it. , if you lookarket at higher bonds in china, even with default, they have allowed companies to default, there has been a 4.6 percent return so f

china, china airlines, and southern china are involved. those are the latest corporate headlines. reprimanded for technical glitches and must carry out a $15 million system upgrade. it has been barred from raising rates until improvements are complete. let's find out a little more with haslinda. the regulators are not happy with sgx, to say the least. haslinda: not happy and taking action. the military authority of singapore is saying no more excuses, no increasing fees with immediate effect. that little rim will stay until sgx sort out systems. it will pay $7,000 into an investor education fund. some say the stance taken by the regulator is tougher than most other countries. market outages are not uncommon. few incidents lead to penalties of any sort. making it clear it takes a serious view on market glitches. red leadershipmar at sgx. the ceo is stepping down next week. lots of challenges ahead. angie: let's get back to the glitches. did they figure out what happened? have they been fixed? haslinda: kind of. sgx says the november outage was failure, a power faulty component in i

will weather conditions improve in southern china? >> it is the rainy season out here and we are continuing to see the severe weather and it didn't look like going away any time soon. this is from monday evening and you can see the areas in the bright white where you are looking at storm to severe thunderstorms. winds were reported 80 to 90 kilometers per hour at the time. the front is continuing to linger. is a stationary boundary that remains rather stationary. in the course of the next several days we are going to continue to see more heavy rainfalls and winds gusting to 80 to 90 kilometers an hour with 150 millimeters of total precipitation possible and you still have 72 rainfall accumulation with more rainfall on top of this. so definitely an ongoing story and unfortunately the weather is not helping at all. >> thanks very much much robert. more details on this story as we continue. robert will join us later in the program. >>> south korean health officials are struggling to contain an outbreak of a virus. they're trying to isola

i beat klei china all the time,m not saying they are stupid, i like china. charles: they are not stupid. as we head to think of the economy, china has amassed an army, engineers, largely educated in the united states, 2013-14 more than 274,000 chinese steunt students in amern universities. majoring in science, technology, and engineering and math. big paying money jobs. 758 thousand "high net worth" individuals with a collect of fortune 3. tat 8 trillion dolla. big news because china hopes to replace the dollar as world's currency, china does own $1.3 trillion of our debt. any day now, any day, china will complete the man-made islands, positions in pacific. here is the real deal they want to defend billions of gallons of oil in the south china sea, china, something to be reckoned with. we have a great panel, fresh faces, i am charles payne. you are watching "making money," let's meet investment pros, gordon chiang author of comes collapse of china, and editor of capital way forecast and money morning. great to have you here, regulars, hillary cramer. jim pre

and china to invest in here. we are having a discussion of a potential project that could be invested in by the chinese so we have dialogue with thatd. we also want to help your customers doing business with the port so please think of us, the state of california through the california china office of trade investment is open for business. we promote the state internationally and of course my focus is on china. i appreciate the attention you have gichben me and appreciate to answer any questions if there are any. thank you very much >> thank you. any public comment? seeing none, commissioners >> thank you ken and appreciate very much that you have made the time to come here today. it is always good to know and know commissioner adams has been in touch about the opportunities for the port and i guess i'm just curious to know since you have been-we haven't been here that long but in terms of the history of the office are there transactions that you can tell us about so far so we have a sense of the flavor either si

china will be successful. it is big and powerful they work hard and they are talented and it may be their claims are legitimate. but they should not for just try to establish that thought to push people out of the way. lou: throwing elbows. that was the president's idea of ted -- awarding coming after secretary carter who over the weekend told security officials that singapore that china is out of step with international rules but a chinese colonel laid it on the performance to say he was not as tough as i expected. even chinese officials are warranted don't take too much of this administration you will recall last week that the general commander said the united states has a will to fight the islamic state. now in question as the june 30th deadline is nearing with those negotiations as the secretary of state is now on his way home to boston. he broke his right femur after hitting a curb with his bicycle as part part, whenever it was he was doing. a spokesperson says he usually takes his bike on his government