pieces. what is china's ultimate aim? whatat is the rush? its actions have galvanized to the region. what is the ultimate aim, what is the rush, and is trying to tear with the international community thinks about what it is doing? home.na's goal begins at it is rejuvenating the chinese nation. this is the chinese presidents investigated chinese -- enunciated chinese dream. he wants to restore china to greatness. not only making china the biggest economy in the world and having a robust military , but asserting chinese claim in maritime capabilities. it means dividing the u.s. and its allies. reducing american influence inch asia and around ina's periphery is a critically important part of that strategy. vago: that is part of the hundred year marathon that he wrote about. >> if you look at china's own words and their own writings like the papers that cannot this year in may, their goal seems to have changed if you look 10 years ago or even 20 years ago. it was much more modest. but this year the really talked about protecting china's around the world. they havtalked abo the need for

china say the chairman of after being quote out of contact. -- the formern mayor of shanghai. the purchase of hong kong's leading newspaper will cost more than a quarter of a billion dollars. decision will be taken in the newsroom and not the boardroom. don't forget to include the #trending business. singapore taiwan and malaysia have just one line. hiding the japanese equities. have an unexpected breed. take a look at the nikkei extending. the sea of red. the fed meeting this week. we're also getting the oil story. over supply glut eggs to continue. that's set to worsen. we off by one 4/10 of a percent. weakness coming through there as well. china and hong kong both open. in his today after being pension as of friday. the chairman is back home after being out on tax and thursday. the company says he was at the -- assisting in an officially read. stephen engle is following this for us. what do we know russian mark >> basically what we know is that you may still be out of public view but we have been more than isolation of his whereabouts. he was reported missing on friday. the mag

oil sets the tone. sinks to 37 point 93. its lowest level since 2008. china, are alll rising in easing some concern ahead of the fed's crucial meeting. and some are expected to return to trading. it has been helping with official inquiry. common to you live from bloomberg's asian headquarters here in hong kong and streaming on your mobile and bloomberg.com. australian equities down one third of 1%, despite better than expected data coming out of china. dollar's weakening, 71 u.s. cents. are seeing equities in a downward trajectory come 8/10 of 1%. u.s. cents. we are counting down to the openings in japan and korea. we look at a very important survey. futures check this out below this 19,000 spot. weakening. -- after being suspended on the disappearance of its chairman. the company's president has now hasirmed that its president been helping with an official inquiry via we have heidi here with the latest. more details emerged over the weekend. heidi: a lot of speculation over the last four or five days. during the weekend we heard from is president who said gore assisting in proc

china and the word about hank paulson. i know something about the stress and policymakers behind-the-scenes. i don't think anyone put this country on a footing for the future. writing here about his perspective is a policy maker with his long experience in china. the hundred visits going back years and years. and so the perspective from the private and public sector come together as we assess our greatest economic rivals in the banker, and until very recently banker of uss. secretary paulson, thank you for being here. >> thank you. it is my great pleasure to be here. i thank you all for being here and for waiting. i waiting. i am looking forward to the conversation. >> dealing with china is a fascinating insight. the president's news conference trying to explain the transpacific partnership , the fast-track that he has just gone with divided democratic support and opposition from the incoming democratic minority leader chuck schumer. the democratic party is divided and it will be a big election-year issue. he was trying to make the argument that fast-track authority is not anything o

getting ♪ colder ♪ shalala ♪ shalala la la ♪ shalala la la >>> china's younger generation is driving a growth in consumption. >> this is where the real power is -- china. >> if you live in manhattan like i do and you think you live in the center of the world, this place, shanghai, will confront you with a very different reality. turn down a side street, it's an ancient culture. a centuries-old mix of culinary traditions, smells, flavors. a block away, this. an ultra modern, clanging cash register, levels of wealth, luxury, the sheer volume of things and services unimagined by the greediest, most bourgeois of capitalist imperialists. the city split by the huangpu river, a tributary of the yangtze. in the older section which features the bund and the newer built-up section of pudong. the one thing i know for sure about china is i will never know china. it's too big, too old, too diverse, too deep. there's simply not enough time. that's for me the joy of china, facing a learning curve that impossibly steep. the certain knowledge that even if i dedicated my life to learning about china i'd

oil prices plunging further. when china opens up, we're looking at a health care shop. pollution is an issue there. new zealand so far is holding up. everything else is lowered. many markets are opening up including taiwan, malaysia, and singapore. in japan, a continuation of the selloff from the afternoon session on writing. newsmarkets digested the of the boj that it was much a do about nothing. nikkei 225. every single sector is lower. at the moment. industrial, tech, consumer services. we will see how things change as hong kong opens up. let's check in on oil. brent, 36.43. lack of positive news. nothing concrete from the meeting between arabs exporters. a surprise upset in the best in the rigptick count in the united states. december will have to be a blockbuster. toshiba swamping in tokyo this morning. of a record loss. the company has been strongly after admitting misleading investors by filing false statements and it may announce a turnaround plan as early as today. reports: there are including from the nikkei that toshiba could host -- post a record loss. about ¥500 billio

market assets today's. it is a day of selloff. fosun units are plummeting. reports from china's face that the chairman is back home after being out of context and thursday. stephen engle's is following this story for us. give us an update. what happened here. >> investors don't like it when the head of a company goes missing. they assume the worst and hope for the best. not a lot of information. some good news. a magazine reporting that he actually has gone home after assisting in an investigation -- judiciary investigation that the president of the group in a conference call said was in relationship to a personal matter tied to former shanghai vice mayor. we don't know much else. also, china business news is reporting that the chairman did attendance -- we've not confirmed -- did in turn an internal conference in shanghai this morning. that helped lift bonds. bonds rose by a record i believe, the biggest jump since 2013. these are the 2000 20 bonds which had slumped to the lowest ever on friday when he went missing. the stock was up there. we were down by double digits. investors are ner

the markets. hong kong and china closed for lunch. this is a picture for singapore, tokyo, and mumbai. nikkei up by over 2%. i am back at the bottom of the hour. emily: i'm emily chang and this is "bloomberg west." uber shifts into high gear with a new funding round. a closer look at mark zuckerberg's decision to donate nearly all of his facebook shares. yahoo! has acquired over 40 companies in less than four years. have investors gotten their money's worth? uber is exhilarating the race to global expansion, looking to raise as much as $2.1 billion in a new round of funding. in four years, we have seen the valuation surge from $60 million in 2011 to $62.5 billion today. uber has been spending aggressively to expand throughout asia, particularly in china. as part of the current funding round, uber has closed investments with tiger global. ofer global also backed some uber's competitors. us, jay ritter, finance professor at the university of florida. with me in the studio is eric newcomer. $62.5 billion? >> that is huge. it was uber before g.m. -- it puts uber before g.m.. it is

the story of whether commodities in china, whether there will be a comeback may be a hopeful sign. alix: is it stabilizing? joe: or is it going to collapse again? scarlet: plenty of questions that hinge on china. i'm looking at the gap between china's exchange rate onshore and offshore. yellow line tracks it offshore in hong kong. tohas become more profitable buy in hong kong. his weaker. there is another way of looking at it. this is the spread, the difference between the two rates . if you look at what has been going on, here it is. this captured my attention. the difference really swells before narrowing. according to people familiar with the matter china is clamping down banning to foreign banks for three months. tox: whenever you are trying control your economy people always try to have opportunities, like trying to stamp out things in its way. you can see all these charts and more on twitter. wu.first guest is david welcome back. joe: thank you for joining us. one of the big questions we are going to talk about next year is going to be the pace of the fed rate hike. there is

after we saw that china copper -- looks like they might be a building stockpiles. that is helping metals this morning. miners overall managing to weather the storm today. look at it in terms of the year. this is why we are seeing a selloff, because after the euphoria comes the reality. that commodities continue to decline, that global growth continues to be a concern. just look at what things are set by the beige book in china saying about the overall deterioration they are seeing. but the past year. the bloomberg commodity index. we are close to a 1999 low. we have wiped out 30% of the value of the bloomberg commodity index. the commodity route is front and center in terms of stock trading. the dollar strength continues to even to commodities, hurt oil. hurt someially might of the big exporters in the united states when you look from a stock respecter. this is a great chart. this show to your today who are the winners, the losers on a currency perspective. check this out. every single currency is down versus the dollar. the dollar has been the absolute winter of 2015. look who ha

that the situation between china and india on the border into himalaya mountains was deteriorating rapidly and there was a very good chance that a war was going to break out between china and india. it also warned the president president that if that happened, india would be the loser and the united states might be called upon by the prime minister to provide assistance and support to stem the chinese invasion. it also warned him if he did provide that would alienate our allies in south asia, and south asia, pakistan and could lead to a crisis in the u.s. pakistani relations. the other documents that morning was a report from the central intelligence agency and it's summarized the results of an overflight of the island of cuba. the cia discovered just the day before the soviet union was in the process of putting intermediate ballistic missiles in cuba which has have the capacity to hit almost every american city east of the mississippi river. it was a global game changer by the soviets. in in rich respect, one of these crisis is well known. we've seen movies about the cuban missile

gases, a lot of eyes have been on china this week. its problems with pollution couldn't have been more obvious as the beijing region was smothered by severe smog. the red alert it had issued is over, but authorities say the situation in and around the capital may get worse again this weekend. earlier miki yamamota spoke to our reporter, naoki makita, in beijing. >> naoki, the chinese government has been showing the world its efforts to tackle air pollution, so why is the situation actually getting worse? >> well, winter has arrived here, and that means an increase in the use of coal for heat. that only adds to the pollution already in the air from car emissions and industrial smoke. nearly 70% of the country's electricity comes from the fossil fuel. president xi jinping's administration has taken measures to reduce coal power generation. it has shut down older, less efficient factories that consume large amounts of coal. they are also cracking down on the common practice of clearing fields for crops by burning them. but these efforts can backfire. the measure drops down coal price

china to buy. the value of that coming out higher-than-expected. that led the trade balance to narrow. we are seeing 13 straight months of falling at work. -- imports i should say. the export story continues to be the same. this is adding to the pressure that we saw last week at the manufacturing site or. the weakest level in more than three years. the dollar figure should be coming out any minute. we will have a look at those numbers later on. we do value your opinion. please tweet us. let's see the market. really way down by what's happening globally. mentioned, the deepening of the slowdown in china is not going to help things out. we're already seeing a lot coming through today. the shanghai composite is down by nine. jakarta him him i just now and it's also weaker by around half of the percent. hong kong is one of the worst performers. no stocks out of the 50 on that index actually in the black. losing quite a lot of weakness. this weaker commodity prices really weighing into the australian share market is well. down by 9/10 of a percent. extending its losses as well. that

about the book in the broader economic context of china and just a word about hank paulson. i know something about policymakers behind the scenes and i don't think anyone went through a stressful it period as treasury secretary as you did and put this country on a footing for the future, this country in the world. i just wanted to say it's a privilege for me to be here was someone who is writing here about his effectiveness and as a policymaker in his long experience with and dad with 100 visits to china going back to the cls goldmans. with the of the private sector and the public sector together as he assessed the greatest economic rival and the bankers who until recently believed the banker of u.s. debt. secretary paulson thank you very much for being here. >> andrea, thank you. it's my great pleasure to be here with you because i have a mired the job you have done for a long time and i think you will for being here. i'm looking forward to the conversation. >> "on the brink" is a fascinating insight -- "dealing with china" is a fascinating insight. the president tried to explain

politics. back home when you're talking to congress about this climate deal you want to say that china and u.s. are being held to the same standards. because developing and developed are not defined in the text, some could argue that china is a developing country and the u.s. is a developed country, and this little word shall gives the u.s. more responsibility. the developing countries get the word should and the richer countries get the word shall. and that makes sense many will say that they've created more of the emissions. but this is purposely vague so countries can move between categories as the world changes but also contemplates countries like china, who are huge economies and huge polluters who might be responsible for some of the finance. >> we were on the brink of things moving on. this is literally a lawyer running in and saying hold on, this is not right. >> it's hard to tell. they say it's because of legal reviews. but when the u.s. brings up issues like this that are old issues that we've seen for the last two weeks i really doubt if it's some pop star lawyer figured it

conscious of this and want to do something >>> schools in china's capital have been told to keep students indoors after air pollution rose to dangerous levels. the air quality in beijing was more than 35 times internationally recognised safety limits. industrial plants have been ordered to reduce production or shut down completely. china is the world's biggest carbon emitter. china correspondent reporting from beijing >> reporter: well, imagine waking up to this. this is the fourth straight day of hazardous pollution levels here in the capital. mid morning on tuesday the air quality index was more than 540 t but on monday evening in the south of bay jack ginning the air quality-- beijing index reached nearly a thousand. that's how serious it was on monday evening. the government, of course, has pledged that by 2030 its emissions of greenhouse gasses will have peeked but that still means we're going to have many more days like this or, perhaps, even worse. in the meantime, for the moment, the government is ordering factories, some 2000, to slow their output or to close. schools are not clo

of the reef islands in the south china sea. president obama says the u.s. is hitting the islamic state harder than ever. it's the start of a campaign to reassure a nervous american public. >> 30 seconds. making history once again. the apollo 11 capsule lands at the center of a cutting-edge project to give us a front row seat to the moon. katty: welcome to our viewers on public television in america and around the globe. china's program of building islands in the south china sea has drawn international criticism and concern. the new landmasses have been almost inaccessible to the outside world, but the bbc has recently gotten the exclusive access to the artificial isles, which are large enough for factories. rupert wingfield-hayes flew in a small civilian aircraft into china's self-declared security zone. he sent us this report. rupert: it's just before dawn on this philippine island. even at this hour, it's hot, but there is no sign here of the trouble brewing a few hundred miles out to sea. i am about to take off on a trip the chinese government has tried to stop. as we roll dow

give you one example on the solar pv. china pushing the solar pv meant in the last five years, the solar pv cost declined by a factor of four. a big decline there. so they are becoming competitive in many case and efficient products are also becoming competitive. many people who work on the oil business on the other sector, we see oil and gas, that would be efficiency gains to push the cost down but more and more oil will come from more -- the complex and of a range the cost of oil and gas production extraction will go up and it is the very reason or one of the reasons why we expect, i will come to it in a moment that we expect the oil prices may well gradually increase in the next years to come. this speaks to oil and we have seen a major growth of oil production in the united states, tied to oil, perhaps demand but when i had the privilege to -- to present in 2009, we sat here, that is a silent revolution taking place in north america with all these implications and we are seeing this as a result of lack tight oil and shale gas, huge implication for energy works for geopolitics b

big movers, particularly china. orphave seen metallurgical c of china has dropped as much as 14% this morning. set for its lows close in five months, that as it became a listed unit. a down 7%. is one of those that debuted on the market today, hitting its limit of 44%. that's after the five-month trading halt was lifted. the reference right to the weakest level since 2011. rishaad: i look at inflation -- a look at inflation, consumer price data coming out, does signal that demand is the mining -- stabilizing. demand may be stabilizing on the data we got out the last hour after a year of six interest-rate cuts and stimulus, cpi it rising more than forecast. is about half the governments targeted pays for the year, so there may be more room for authorities to loosen monetary policy further without stoking bubbles. the further decline in imports we got yesterday do signal some stimulation in the man. the worry continues to be prices at the factory gates, producer 45ce index in deflation for consecutive months. staying firm for the last couple of months. was for asus estimate fall i

%, the biggest drop in five years. china southern has announced a plan to purchase 10 aircrafts. this deals with almost $2.3 billion, with the plane's slated for delivery between 2017 and 2019. the new planes are said to help increase capacity by 4%, reflecting the glowing -- growing demand for travel in the world's most populous company. is value on the new planes valued at $10 billion. asian air travel growth is lifting demands for boeing and airbus, with china forecast to surpass the u.s. as the world's largest aircraft market. the company's economic expansion is making air travel more affordable to more people, prompting the airlines to buy mobile planes. , i think it will be a big airport contingent in hong kong today. right, thanks so much. speaking of surprises, no surprises, really, energy has taken a beating this year, but there were a couple of bright spots out there. we have a look at asia's biggest winners and losers in 2015. reporter: if you want to look at bright spots, let's look at health care and consumer staples. that is as the overall asia pacific is down about 4.5

purveyors of the plush, we'll see if they're worth owning. then, a meal ticket out of china's middle class. is yesterday's spinoff good news? plus two of corporate america'a' oldest institutions and they just had a merger. don't miss my take on dowdupont. today's news. and you know what i suggest you do? stick with cramer! >> announcer: don't miss a second of "mad money." a follow @jijiramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. head to madmoney.cnbc.com. i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine, i talked to my doctor and found a missing piecec ininy asthma treatment. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled$ on a long-rm asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine that increa

: on that basis, it's possible it could end in failure? << i don't think so. the last thing china wants to single is by clashing the climate deal. they got blamed after kopenhagen and that really hurt. we will find out when the dust clears. i think they will get through to a deal. everyone is waiting to see what will come out. >> reporter: the intricacys are difficult. we will get our hands on that text in 20 minutes or so >>> crossing to adrian brown who is in beijing. china, perhaps, may not be particularly happy with this version of the draft. what has china's strategy been at these talks? >> reporter: before the climate change talks began in paris, china said it wanted to go to this summit prepared to take decisions that were positive, pragmatic and balanced and automatic along it has been-- all along it has been stressing this again and again. it is a developing nation even though it's the world's second largest economy. there's a good reason for that. if they were classified as an industrial nation like the u.s., it would have to make a whooping contribution to that internat

angie: on the rebound. oil will rise again. prices are hurting producers. india patterns china and at the imf protecting their growing economic role. much ado about nothing. plans toank of japan buy something that doesn't this. welcome to first up. take it, markets in asia monday morning. us trillion dollars down let's head over to new zealand. also down. we have a slightly stronger qe. we're counting down the openings in japan and korea. last giveaway all those names after the deal day extended the term of maturities to 12 years. back down.t all away slightly'slanes was -- slightly lower open. we begin this monday morning with china's largest homebuilder with the takeover bid. it was suspended last week and now to three heading towards a showdown the largest investors. what do we have here? drama indeed. the largest shareholder is not welcomed by the company coming in with a hostile takeover. and ishe revamped way the deadline -- january 18 of the deadline. the company says it will not week another extension. that may be a counterattack. they face the hostile takeover on fridayhe

>> next on book tv she describes her experience escaping into china, being sold in the slavery and finding freedom and south korea. [inaudible conversations] >> all right. hello, everyone. thank you for coming to tonight's event. a few announcements before we begin. silence your cell phones. you can always keep up with our comings and goings comeau we have calendars of the information desk. for your information c-span will be coming this event, and your image may be captured. a presence here indicates your permission. because we are being filmed my guess is a question-and-answer portion please raise your hand and wait for the man with a microphone to come by in order to ask a question. i also have a new website platform. closing early tonight. we expect this to be a lively discussion and are not asking anyone to leave early but we will close down promptly at 855. the bathrooms also close of a 45 tonight. tonight we are very happy to welcome yummy park with her memoir in order to live in north korea girls journey to freedom. she was born in north korea under the rule of kim jong-il

♪ >>> november 2015. china's biggest online shopping site is holding its annual one-day sale. sales hit $1.5 billion in 12 minutes. and over $14 billion by the day's end. china's in the midst of a massive web shopping boom. 2013 saw the country surpass the u.s. in online transactions with a total of some $300 billion. many of the products sold online in china come from 212 east shopping villages spread across nine rural provinces and one metropolitan area. from car parts to shoes, children's clothing and toys, each community has a particular specialty. one such town is dongfeng in a northern province. until several years ago it was a poor farming community where the only other employment came from a plastic processing plant. but today the local economy is based around making and selling furniture. it's a change that's been a huge success. up around 5,000 residents, some 70% are involved in web retail. between them they run over 2,000 online stores. each day the town dispatches all kinds of furniture the length and breadth of china. the town enjoys annual sales of almost $160 million

chain accepted a sweetened offer. china cracking down on peer-to-peer platforms. they're vowing to cleanse the market. the platform should serve as an intermediary. says theys the pboc are strengthening oversight of online payment firms. kong,e of markets, hong shanghai, swinging back into gains. gains in some parts of the region today. those are your top headlines. ♪ >> this is bloomberg west. cori: i'm in for emily chang. mark zuckerberg fires back at his critics about expanding internet access in india. 'tis the season for jeff bezos's net worth to soar. gender and racial equality are back in the spotlight as twitter names a new head of diversity. now to our lead. facebook's mark zuckerberg making a personal appeal in one of india's leading newspapers insisting that the country allow , a free internet service. india, secretary wrote "instead of wanting to give people access to some basic internet services for free critics continue to spread false claims even if that means leaving behind a billion people. " it allows free mobile internet access. a restricted handful of apps inc

we wait this week's crucial decision, positive data out of china removes a potential high hurdle. ross mckeown says the restructuring of the investment bank is advanced and it will return to profits within four years. >> the work at the institutional bank primarily will be finished by the end of this year. is back, currencysy the u-turn on his finance minister's decision. welcome. let's get straight to some of the big market moves. first up, as we said to you in he headlines, jacob does a u turn and so does the rand. he appointed his second finance minister in four days. bringing him back so what we saw was the rand jump almost 6.5%. that is the biggest interday gain since october 2008 and his goes back to last week when fitch had downgraded the country's debt, really having quite a dramatic impact in terms of the rand. it's about commodities and currency as we go into this fed week. this is west texas intermediate, sifpks to the lowest level in seven years, iran pledging more oil for the market. this is the performance over the past month. i can tell you 11% of this decline was

>>> we have extensive coverage on the story. adrian brown is standing by in beijing. china produces more carbon emissions than any other country. margot is in that nil lay. let's go to paris. what's happening now? >> what's happening now is the final text has now been released over a half hour ago, and all the national delegations pouring over it to see what they make of it. in theory at a quarter to 4:00 local time all the parties pile into the chamber, and the process will begin of hearing people's objections and otherwise. at some point at the end of that, the gavel will go down and we'll have an agreement. it depends on you people view the text. we hear that the 3.1 section of the last foundational text, which refers to long-term builds is a sticking point with china. we know that the chinese premier and the president have been speaking on the phone. maybe progress is being made there. we see how it all goes down when we have the plenamreplenary sesa little while. you have to think that sooner or later there's a deal. we spoke to the swedish deputy prime minister a little earlie

was pushed to february. anna: the warning of a disturbing deterioration in china is sounded, even as property prices spread. manus: good morning. anna: welcome to the program. we have a lot to get through this morning. manus: we turn to this on quite a frequent basis, but it is worth mentioning -- we are below $35 on oil. stock crude is the highest since the 1930's. commodities are getting crunched. highan sachs is warning risk that the prices may even sink further, before we see a contraction in supply. and we are reaching our storage limit, according to the story this morning. if you are wondering about 6% aboveti is about the 100-day average. anna: that is interesting, tying into what the fed this week to what they did with bond markets -- the recession with the commodity sector. what that is doing to inflation, the prices coming down. and inflation expectations are therefore coming down. that means we are seeing some of the long bonds on the long and end of the curve going up. an interesting grasp of connections all coming back to the commodity story grad. manus: post fed hang

head back to china now. the elite decision-makers are wrapping up their annual planning session in beijing. they are trying to encourage investors at home and abroad. zeb: this central economic work conference is wrapping up. giving us some clues about the headline agenda items going into 2016 for the chinese communist party and its management of the economy. willeople's bank of china show that monetary policy is flexible and fiscal policy is forceful. interesting to see them use that kind of language. basic monetary conditions will allow for structural reforms they say. they are trying to support rural homebuyers. many people who live in inner china who need help. also seeking to promote entrepreneurship. a major headline initiative of the president. see a more innovative, technology driven country. one that harnesses the creativity of young people. has technology firms that rival silicon valley. time in a lot of seattle and in silicon valley during his recent trip to the united states. many getting risks is a big piece of this. is something that investors will be watching very cl

all of his young life >>> china's objecting to a 1.8 billion dollar arms deal between the u.s. and taiwan. beijing has threatened to impose sanctions on the firms involved. china regards taiwan as part of its territory. the u.s. is defending the deal saying the policy has been consistent and has helped maintain security in the region. political commentator says asian foreign policy is confused >> it is difficult to understand it. u.s. recognises the one china policy and that would include taiwan, but it also insists on going on with the tie be want's-- taiwan's relations act which says it will give arms to taiwan to defend itself. this is equivalent to saying to the state of georgia, since you're involved in the confederate war, china is going to continue to arm you although we recognise the u.s. is one country. there have been a military to military talks and engagement. from the u.s. point of view it is very difficult to see. the u.s. has not articulated a comprehensive foreign policy which involves both asia, europe and the middle east and this has been a bit of a hindrance. ame

. >>> china is the world's biggest carbon emitter and the resulting pollution is clearly visible in the captain beijing. an orange era letter has been issued due to the thick smog. this means industrial plants have to reduce output or shutdown production completely. pollution levels are more than 20 times over the limit set by the world health organization. al jazeera's adrian brown is in beijing. >> reporter: well, imagine waking up to them this is the fourth straight day of hazardous pollution levels here in the chinese capital. admit morning on tuesday, the air quality index was more than 540. on monday morning the air quality index as measured by i one of the government's own monitoring stations reached nearly a thousand, that's how serious it was on monday even. the government flesh united states that by 2013 their gas emissions will have peaked the government is ordering factory to his slow their output or close. schools are not closed but many parents are choose to go keep they are children home because of this. and who can blame them. >>> still to come here on al jazeera, a sign

. at 13 effeminate a daring escape into china but then she faced for the challenges from being sold to traffickers to having to across the gobi desert into mongolia before finding freedom and south korea. her new memoir which is called an elegant a wrenching on a sort of vaguely represents the plight of many north koreans details all the struggles in her new life, giving speeches to crowded auditoriums in cities around the world. connected that will put an author question and answer as to mention in didn't show the other to sign books. when the time comes please let up on the left hand side of the room. we have books available for purchase. thank you for coming fortunate event. now please welcome yeonmi park. [applause] >> tuesday. very short. thank you so much. i'm really honored to be your and i just cannot believe this. i am in the biggest independent bookstore in the u.s. and i've never seen this many books in my life. so, yeah, i don't know. it's very humbling to you know, lots of things if you have this attitude of books and you know lots of things, so i don't know what i can tel

boosting the status of the yuan. it's seen as an important milestone in china's integration into the global monetary system. the yuan will be included in the so-called special drawing rights or sdr basket as a fifth currency, along with the u.s. dollar, the euro, the british pound and the japanese yen. it's a reserve asset used to settle accounts when imf member nations have a shortfall of foreign exchange. imf officials review the basket every five years. the yuan will account for more than 10% of the basket, ranking third in weight after the dollar and euro. the imf's move apparently reflects china's trade figures in wide acceptance in international transactions. >> the inclusion in the basket of currencies is a recognition of the significant reforms which have been conducted. of the significance opening up of the chinese economy, of the financial more market-driven principles that are being used by the chinese authorities going forward. >> china's central bank welcomed the imf's decision. they said the move recognizes the country's economic growth and the results of reforms. they

comfort women in world war ii. china's leadership says it will wait and see if it will make amends to women deployed into prostitution. it came after an 8 million payment to korean women. the women were forced into brothels as sex slaves. >> this issue has a bearing on the centers of china, seaa and other countries, as to whether japan can do it if words and actions are consistent from start to finish, we will wait and see >>> and there has been calls for the japanese to deal with taiwanese women. the women enslaved during world war ii >>> the israeli government is denying a report claiming that it is planning to build more settlements in the west bank. the watchdog group uncovered documents, and indicated plans to build 55,000 settlement units, and palestinian authorities said that it would end a hope of establishing a palestinian state. the report was based on old information that is no longer valid >>> in jerusalem today the israeli supreme court upheld a bribery conviction of ehud olmert. the court agreed to reduce his prison sentence from 6 years to 18 months, which he'll begin t

reacting to the china data, the drop in both imports and exports. asian stocks weren't immune. we saw a drop there. markets, ituropean looks like the ftse 100, pretty much flat. we are seeing a little bit of a slowdown. what stick it to some of the stocks we are watching this let's look at some of the stocks we are watching this morning. keep your eye on these two stocks. people have been saying that orange is an early discussions about buying bouygues'skeep telm and media assets. what could happen in this potential deal is that bouygues might actually carve out its construction unit and maintain a minority stake in the combined company. don't just keep an i on these stocks. it looks like they are moving higher. keep an eye on other players in in europe. market moving onto anglo american, we are talking about commodities. the slump in commodities across the board, anglo-american holding its investor day today. we might see a statement coming out about now, the investor day happening between 9:00 and 11:00. that stock at the unit doesn't seem to be moving, but it is the second worst pe

china has posted a note on its website, confirming that we will see an extension of onshore yuan trading. the close will be at 11:30 p.m. that now being confirmed this morning by the pboc in beijing. we will come back to this later on. the credit crunch has claimed another victim. the fund owned by the carlyle group is said to have $1 billion of withdrawal requests this quarter. the fund has performed poorly over the last 15 months and has seen investors leaving in droves. joining us is simon dollars and bill o'neill. good morning to you, gentlemen. simon, did was never going to be one. there were always going to be many. simon: we had 3rd avenue a couple weeks ago with stone lion capital. it is a culmination of declining prices,rices, oil investors having stretched further down the quality curve to try and find that incremental yield trade. we've had significant redemption. we've heard over the last 24, 48 hours, it is worth $8.5 billion. i guess that is going to call into question sustainability issues about the fund going forward. canary in the coal mine, but there's never just one. i

if they're worth owning. then, a meal ticket out of china's middle class. is yesterday's spinoff good news? plus two of corporate america's oldest institutions and they just had a merger. don't miss my take on dowdupont. today's news. and you know what i suggest you do? stick with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. ♪ >>> jeez, when you only sleep three hours a night, you take it when you can get it. after today's vicious beat down, it's worth remembering that not every stock that went lower today actually deserved to get hammered like it did. there are plenty of companies doing whatever they can to take advantage to control their destiny. you should buy stocks and the market throws a gigantic sale like it did to

developed nations, have been encouraging the richer developing nations like india and china to come to the party too and throw money into the climate fund, and those like india and china think that's a bad why idea. so there has been a big tussle about how that should pan out. when we talk about ambition, it's the road to get to the 2 degrees c target, how to make sure the temperatures stay below 2 degrees c. before this conference you had these so-called ingcs, nationally determined contributions which meant that all the countries came up with their own voluntary contributions towards reducing emissions. the problem with that was that a lot of them did, all of them did, about 183 countries did it, but it only enabled a reduction 2.7 or 3 degrees. which was above. there needs to be a road map to get to the retired 2 degrees c. what has been mentioned a lot was 91.5 degrees-- 1.5 degrees target. a lot of low-lying states have been pushing to for that. scientists says 2 is insufficient. 1.5 is now in the text. that's one good thing, but it's not clear exactly what the main point of de

attention to the chinese artificial islands in the south china sea. they agreed to call for an end to land reclamation and construction and for the islands not to be used by the military. they promised to work more closely on security with the united states. abe and turnbull also touched on defense cooperation between japan and australia. they said they will work toward simpler immigration procedures for troops. they want personnel to be able to enter each other's countries more easily to deal with disasters and to train. >>> ethiopia's foreign minister is pushing for closer ties with japan on the economic front. he says he wants much more investment. he is visiting tokyo for a business forum. he told nhk his country is getting more and more corporate investment from china and europe and much less from japan. >> compared to other countries and considering also the potential that japan has, it's really small. >> tedros said he'd like to learn why investment by japanese firms remains low. ethiopia has africa's second largest population, more than 96 million. and it has the continent's h

. >> reporter: child of one of china's most prominent people is ending after five hours and human rights lawyer pu zhiqiang spent a year and a half in prison because of comments he made on line criticizing the ruling party and adrian brown reports from beijing. >> reporter: china's constitution guarantees free speech. but there wasn't much of that outside beijing's second intermediate court. police pushed away diplomatics supporters of a best known person and someone shouted that china's president is despicable. it's a very sensitive case and the police have been doing their best as you can see to prevent the media getting away from court and also the same treatment met out to foreign diplomates and of course many people are watch ing this trial with great interest, he is a very prominent person and as you can see it's very difficult to film now. among the diplomates turned away the first secretary of the u.s. embassy. >> civil society leaders such as mr. pu zhiqiang should not be subject to continuing oppression. >> reporter: that is about as much as he was able to say before he

china, ethiopia and rwanda. coming up on "earth focus." [drumming] >> this is china's loess plateau. until recently, this was one of the poorest regions in the country. a land renowned for floods, mudslides and famine. but with the fanfare comes the hope of change for the better. my name is john d. liu. i've been documenting the changes on the plateau for 15 years. i first came here in 1995 to film an ambitious project where local people were constructing a new landscape on a vast scale. transforming a barren land into a green and fertile one. the project certainly changed my life, convincing me to become a soil scientist. the lessons i've learned in the last few years have made me realize that many of the human tragedies that we regularly witness around the world, the floods, mudslides, droughts and famines, are not inevitable. here on the loess plateau i've witnessed that people can lift themselves out of poverty. they can radically improve their environment. and by doing so, reduce the threat of climate change. >> [singing] >> when i first came to the loess plateau, i was astound

as possible. >>> u.s. diplomatic sources say china is involved in the arrangements beijing is steek help improve his ties with the community. >>> policy makes at the u.s. central bank have signed off on a major shift in policy that's rippling through markets through the world. gene otani has the details and a wrap-up of other business headlines, gene. >> thanks, james. >>> officials at the federal reserve have raised the interest rate for the first time. consumers face higher payments on mortgages, car loans and other borrowings. it could prompt investors to move their money out of other countries and back to the u.s. policymakers made a range between 0.25% and 0.50%. they say the u.s. market has big strides. fed chair janet yellen stressed the central bank will continue to keep a close eye on the economy. >> with the economy performing well and expected to continue to do so, the committee judged that a modest increase in the federal funds rate target is now appropriate, recognizing that even after this increase, monetary policy remains accommodative. >> japan's economic revitalizat

. i don't think anything has changed about china. the underlying consumer demand is very strong in china. the internet companies there, their business is very good. it is strong. it is healthy. it is vibrant. and we have built our own business there over the course of the last 13, 14 years -- emily: quite a robust business. sir michael: a very robust business, run by some wonderful people. and it's no accident that seven of the 20 most valuable internet companies today are chinese. because over the next 20 years, there is going to be far more business done between the technology companies that get started in china and get started in the u.s. than there has been in the last 20 years. emily: what does silicon valley have to learn from china? sir michael: i'm always struck by how eager people running chinese companies are to learn about their american counterparts. how frequently they come to the united states, how jammed their schedules are when they come here. i wish that the ceo's and founders of silicon valley companies did the same thing in china. because i think we could learn a

investor offers advice for tech companies that want to be big in china. ♪ cory: beijing is defending the controversial law. let's go to angie lau in hong kong. angie: this is the first of its kind in china. this new terrorism law in china which was effectively passed on sunday and becomes effective on january 1 allows this country andthe first time authorizes the people's liberation army to take part in counterterror operations abroad. terrorism is now a national security priority. isna for the first time attacking itself abroad. outside of its borders. for the first time really allowing the pla to engage in counterterrorism operations outside its borders. got the obligation of tech companies operating within the confines of china. to pass over some encryption keys if requested. we got the national people's congress standing committee. led by china's top legislator. have defined what anti-terrorism means in china. these tech companies had better listen. cory: does this mean that these chinese government officials, any e-mails that they send, they will be able to see new my personal e-mai

billion today. uber has been expanding aggressively to expand throughout asia, particularly in china where it plans to spend $1 billion. as part of the current funding round, uber has closed investments with tighter -- tiger global and t rowe price. joining us is a finance professor at the university of florida and with me in the studio, eric newcomer, who broke the news for us. let's start with the valuation and break it down. $62.5 billion? >> it's huge. it puts uber before gm. it's a private tech company but bigger than twitter or salesforce. your story had some interesting numbers about how well uber is doing, how profitable they are in various cities. >> their profitable in more than 80 cities. ofy have a revenue run rate $10 billion. 0x increase. 250% trips growth. it is still growing massively. emily: you have a bullish and bearish argument for uber. , they still have regulatory issues in specific cities and countries. the taxing lobby is fighting them, sometimes successfully. there are issues in terms of drivers, contact work -- are they contract workers or employees? fringe

me to come back to china, but i don't want to go back. >> reporter: looking out at a chinatown that she now barely recognizes. gabriel elizondo. al jazeera, new york. >>> for more any time, aljazeera.com. >>> breaking news, the pentagon confirming ten isil leaders are dead after u.s.-lead air strikes. nothing, a police officer enters his plea over murder charges. >>> thousands of flights delayed or canceled as a deadly storm system slows travel because of ice and snow. >>> this is al jazeera america live in new york city. i'm del walters. we begin with breaking news concerning the fight against isil. ten isil leaders were killed in december in air strikes, including one that they say has been linked to the paris attacks. al jazeera jamie mcintyre is live at the pentagon, and jamie. ten isil leaders are killed but all eyes are on the one. who was he? >> he was identified as a syrian-based isil leader who the pentagon says has a direct link to the paris attack cell leader. the pentagon claims that they killed him in december in an air strike christmas eve in syria, and they say at the