secondly, as the president alluded, china, and, china, and we will talk about that later, but china is very active, forging economic linkages, benefiting china and the world and the economic linkages, trade and investment they believe helps the economic and national security influence. and then i'd taken a step further. the reason this is important is the national security starts with economic security. i don't think china, as we will talk about later, is a formidable competitor. they should not shrink from the competition. it is something we should welcome. trade people, the positives far outweigh the negatives. we have been a huge beneficiary. we continue successful, 4 percent of the worlds population, does not go out an attempt to do as much business as possible, you can put them all around. but what i argue which is to me a no-brainer, even those that disagree with me on trade generally should want a deal like this. is focused on asia. it's important that we continue to be strong economically, diplomatically and militarily in asia. >> how would you grade this administration in term

exports now 6.8% down from china. that is a deeper decline we were expecting from economists. 5% decline was anticipated. we see a slight pickup from what we saw in october with a 6.9% drop in exports. the imports we see a slightly higher than what wasn't dissipated. 8.7% drop in imports. nos brings the trade balance -- more new row than expected -- narrow than expected. rishaad: stay tuned for ages asia's edge. ♪ >> from our studios in new york city, this is charlie rose. charlie: growing links to international terrorism in this weeks shooting in san bernardino. one of the suspect was in communication with folks in the united states and abroad who have links to terrorism. his wife pledged allegiance on facebook prior to the attack. searches of the suspects home uncovered all making equipment, dozens of pipe bombs and thousands of rounds of ammunition. let me begin with what we know that is new.

china has the most inflexible exchange rate. without china importing u.s. whytary policy, this is interest rates in china were much too low. this is why the council has amassed leverage. killhis leverage will just their profitability. they need lower interest rates. this is where it is interesting. there were four countries in there before they try to join. what do these countries have in common? they all did qe. i'm not saying it means china is going to do qe tomorrow but someone is going to make it a lot easier for china to ease monetary. guest: what would it look like? guest: china has been converting their government vehicle debt into media. sayomorrow they wake up and we are going to buy $1 trillion of this that will free up a trillion dollars on the bank balance sheet. there is no question they have a lot of ammunition. the important thing is to understand the cover here. if they are you doing qe. they say are currency fell by it was not our objective. it is a byproduct of our monetary easing. why can't they tell the same story? now they say we are go

but i think the story is avoiding a hard landing should draw money back to china. -- give does china fit me the peripheral story around china and whether the investment case stacks up. when i look at korea, taiwan, how do i invest there? bill: the story in china is still one about the opportunities coming from liberalization, the orientation towards the services sector, towards the consumer, the brokerage side, the large companies in china phasing out developing. it's the strength of the domestic theme to get retail sales spending at the next regnery case. other economies are seeing some improvement, but that is linked towards currency depreciation and a low-inflation environment providing some support for domestic demand. there, it is more about rebuilding competitiveness. china is more a domestic story around liberalization. guy: bill, stay with us. plenty more still to come. china is doubling the hours of onshore yuan trading. we are going to 11:30 p.m. beijing time from 4:30 currently. how low can oil go? opec'soing to look to global outlook, published in 40 minutes time. ♪ the

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 a global presence. 35re is a far outlook by chinese generals that came out chinese having a glob network of military bases. some of this is new. some of this is very lg-term, 20 y years or 30 years to go. >> watch of the things i want to ask you is do you think that beijing cares at all about what the international

one of china's special administrative regions. hong kong is set to be the world's busiest trading center for the chinese yuan. many of the exchange stores here are eager to accept the currency. and another policy of one country, two systems, its official currency remains the hong kong dollar but as tourism and business ties between the two sides grow, it's more common to see people exchanging dollars and yuan. as residents in hong kong grow more familiar with the yuan, they are looking for people to manage the assets and the currency. >> come in. >> thank you. >> reporter: this woman works at this agency. five years ago, she opened the short-term deposit account in yuan at the hong kong-based bank. the deposit was worth about 113,000 u.s. dollars. she was affected by the high interest rate of more than 5%. >> in my opinion i'm very confident in the next 10, 20 years that that will be the currency of the world. >> reporter: people in hong kong have flocked to yuan-based banking since authorities first allotted 11 years ago. the nat

china shipping is down by 27%. cosco pacific is down by 15%. china cosco is up -- all by 23%. an exit is when it comes to emerging markets. indonesia is heading for a two-month low. one of the two worst performers in asia. down by half a percent. on -- also keeping and i chinese currency. most offshore rmb. after china introduced a new currency basket. details are scarce, but at this stage, it could mean further weakness when it comes to the chinese currency against the greenback because there is a sense that they are trying to recast expectations away from just instability but toward a trade basis on where the chinese currency should set against the 13 currencies. a bit of a downside for cnh. trading at >> .5469. we are talking about the selloff in asia extending the global selloff that we saw last week. no good news am afraid. yvonne: not a great way to start the week. let's talk about oil. seven-year low. levels not seen since december of 2008. west texas deputy i heading toward $35 a barrel. let's go to singapore. great to see you. what's behind the latest drop? the focus

dongfeng is one of china's top e-shopping villages. and this town's rebirth is primarily down to the work of one man. 33-year-old sun han. sun runs a company that designs and makes home furniture which is sold exclusively through the firm's own online shop. each morning when he arrivals at the office, he checks the previous day's sales. >> around 80,000 yuan yesterday. that's down 10,000. but we do have 800 orders. >> sun's company has an annual turnover of 40 million yuan, over $6 million. most items on offer are made in the factory next to his office. this 3,000 square meter space contains the latest woodworking machinery. most of sun's 32 staff, including a number of relatives, are residents of dongfeng's. >> translator: now we're making shelves, desks and coffee tables. >> the furniture is made by red pine, imported from russia. although the goods are designed for home assembly, a screwdriver and the manual are all that the buyers require. >> translator: here we go. that's our brand name. it means elegant, beautiful, and comfortabl

china doesn't want to considered the bad boy in the environmental debate. china is unique. it is the world's largest emitter of greenhouse gasses, but it is also spending possibly more money than any other country that tackling pollution. when china went to paris, it said it wanted to be involved in decisions that were pragmatic and balanced. it wants to remind the world that even though it's the world's second largest economy, it is also a developing country. the reason for that ask this: if china were to be classified as an industrialed nation-- industrialed nation like the unites stated it would have to contribute to the fund to help nations that are suffering the worst from climate change. that's why it has been clinging to the status of a developing nation and that's one of the reasons of friction in paris. this summit was opened at an embarrassing moment for china pause for the past few weeks we have suffered some of the worst mrulgs the capital city has seen in many years and in a sense that has giving-- pollution-- the government a wake-up call because there is grow

both overseas and in china. thatis why we are seeing playing out. >> executives have gone missing and helping in aiding investigations. but always the markets are left with no idea. are they nervous? >> someone set on 20 -- seven someone set on twitter -- someone set on twitter china needs to come out with a new ceo. this is becoming a regular occurrence. a number of brokerages. a problem with china's regulatory overhaul and the corruption crackdown, the lack of transparency. that is what they are freaking out about. the rest of the market is related entities, businesses acted very badly. it will be interesting to see what happens when they come back online. angie: we are going to keep a close eye on oil after it else to a seven-year low on continuing speculation that opec will keep the market oversupply. -- thetels decision financial crisis was having its biggest weekly drop in more than a year. at least until productions hit a three-year high last month. china's economy is showing new signs of stabilizing shou

what's china's position there? >> the chinese government maintains that it will fulfill what it calls its responsibility as a major country. it has set its own target of reducing co2 emissions by around 2030. on the other hand, it has said only industrialized countries should be obliged to meet their reduction targets. there are also different opinions on who should be helping developing nations. some advanced nations say emerging economies like china should be chipping in. the country's climate change representative says china is open to helping them, but it doesn't want to be forced to do so. >> translator: developing countries can, on a voluntary basis, contribute to other developing countries in order to enhance their efforts against climate change. >> china's government describes air pollution and global warming as pressing issues and has threatened swift action to combat them, but countries around the world are watching to see whether that will happen. >>> french foreign minister laurent fabius exclusively to

only in china. so therefore, in the power system, we see a major change and following what i've told you before, the renewable is the is the fuel of choice and the next 20 years, out of every $10, invest in pow erica pasty, $6 go to renew investments highlighting the importance of renewables. energy efficiency. this is an issue as our colleagues know very well that we highlight all the time because it is changing the picture. everybody has to understand, to understand demand growth, what is happening in energy efficiency? and i can tell that you in the year 2005, ten years ago, only about 15% of the global energy consumption was covered by the energy efficiency mandatory energy efficiency measures. only 15%. today, it is almost doubled, it is out of two major factors. many factors but two very important. one, chinese government takes this very, very seriously for many reasons. from cost saving to environment implications. two, energy security. if you use energy less, your import dependency will be l

the aim is to reinforce china's claim to the whole of the south china sea. america and its allies are now responding, and over the radio, we now hear one of them. >> china navy, we are in australian aircraft enforcing international airspace. rupert: what we are hearing is an australian military aircraft asserting freedom of passage. more than 40% of the world's trade passes through the waters below us. china is determined to assert its control. america and its allies say they won't let that happen, but as we have found out, it may already be too late. rupert wingfield-hayes, bbc news, the south china sea. katty: for more on these islands, i spoke with vikram singh. he formerly served in both the u.s. and state departments. you have been watching our report. what did you make of it? vikram: i think it's the first time we've seen a civilian aircraft having this kind of an encounter over these disputed territories, and i think it gives us cause for real concern. the difference in opinion between china and the rest of the region is extremely start, and this kind

describe how much power the airbnb of china has compared to airbnb itself in china right now. lulu: there is definitely a lot of opportunity in this market. they've all said that china is one of the most important markets for them outside of the u.s., but they're running into some steep competition in china. these companies are growing at a very fast pace. it's not an easy market to take over and they will be facing an uphill battle. surprised at how deeply penetrated uber already is in beijing. ,t seems that chinese consumers if it's cheaper, they will go for it. lulu: absolutely. there is an understanding towards wealth, social status in the country right now. they don't see having a car as a symbol of status anymore. the fundamental philosophy is that if you can rent it, why own it. that's why more people are embracing the services in china. emily: plus anything to cut down on traffic in beijing. .hanks for joining us today coming up, silicon valley has stepped into the highly controversial arena of gun control. the future of firearm safety, next. if you like bloomberg, che

he goes back to the china story. china slows down. many emerging markets and up in trouble because they little the export to china. if you look at the risks of global growth and recent years, it is been skewed toward the emerging markets. proportionally, emerging markets consumer more oil for any incremental growth than the developed markets do. regardless of what opec does. is wect of the matter have seen tremendous weakness in global demand, skewed toward emerging markets. manus: part of what we need to do is narrow our focus in terms of emerging markets. stephen king from hsbc. up next, more of my interview with ross mcewan. ♪ london.:18 in 8:18 in france. let's bring the up-to-date. caroline? caroline: hsbc has had talks with canadian officials about relocating from london to toronto. the discussions were held in october with senior figures. shortly after that, the bank says it would delay its decision until early next year. todaynged in hong kong despite the return of chairman. -- haspany's president been helping with an invest

the underlying consumer demand is very strong in china. their internet companies where their business is very good. it is strong. it is healthy. it is vibrant. we built our own business 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 suddenly the most valuable internet companies today are chinese. over the next 20 years, or is going to be far more business done between technology companies in china and the u.s. than there has been in the last 20, 30 years. emily: what the 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'd jammed their schedules are when they come here. i wish that the ceo's and founders of silicon valley did the same thing in china. i think we could learn a lot from them. global in particular, the products are different. the services are d

china backed the united states for the last couple of years but keeping a big focus on china, there's so much going on. along but let's talk about this new counterterrorism law. guest: the chinese had just passed a new counterterrorism law which someone it was of his early stages got a lot of criticism from foreign countries and the u.s. government. foreign technology companies operating in china, a lot of people are concerned it would force them to hand over proprietary information, including their codes to the chinese government. that might be handed over to chinese competitors. there is a tension on the one hand that the chinese state's role as regulator and the role of competitor may force a lot of technology companies he see china as a huge opportunity into some difficult choices. kathleen: act in march, president obama said china will install backdoors in u.s. company systems and that asian nation would have to change provisions like you have to do business with the u.s. put the same kinds of bars on us? do they already exist? guest: i'm not the kind of technical expert to know

talk up next, we will china stabilization. indicators out of the people's republic show signs that a slowdown in the world's second-biggest economy could be easing. ♪ anna: welcome back, this is "countdown." royal dutch shell, europe's biggest oil company, has further reduce spending plans after a prepared to take over bg group. we get opec's world oil outlook at 10 a.m. u.k. time. road, the hedge fund manager owned by the carlyle almost $1 suffered billion in withdrawal requests in the third quarter. nike shares are rising after hours. second-quarter profit beat analyst estimates while revenue in china was out 24% -- was up 24% to a. purchases climbed 3/10 of 1% in november, in line with economists estimates. the two biggest risks facing the u.k. economy next year are brexit and brexit. 13% chose the buildup to the referendum. u.s. rate hikes in the presidential election couldn't even figure in the top concerns. the debut of star wars along with blockbusters like jurassic world early in the year has put the u.s. movie indus

china's open market policy allowed farmers to make goods again. in november, 2014, the comment commenced operations with yiwu station at the beginning of the line. it is tea world's longest railway and part of china's one belt, one road policy. the 13,000 kilometer route takes cargo from yiwu to the spanish capital of madrid in 21 days. yiwu's exports surged by 46% between january and september of 2015 despite declining national exports. the railway has opened the way for more foreign trade. even so, unemployed people can be seen everywhere on yiwu's streets. >> china he's new economic strategy is to develop trade in inland regions leaving yiwu at a junction in its histories with all the hopes and struggles of the city's wholesalers and workers as they prepare for the christmas season. shanghai had seven huge wholesale markets and hundreds of thousands of wholesale stores. one district in northern yiwu exclusively sells christmas-related goods. with more than 300 wholesale stores filling the 160,000 square meter area, it's known as christmas town.

china is warning of the china cost it has to pay. what they don't need now is another excuse or reason for its economy to slow even fourth. for chine-- further. for china there is a lot at stake >>> the visuals of china have been terrible, the smog, the red alert. are they feeling international pressure? >> reporter: tell me about the pollution. right now the air quality index is 356 where i'm standing at the moment. anything over 100 is considered to be dangerous. so people here understand that something has to be done, but there is mounting frustration particularly on line about whether the government does really have a long-term strategy for dealing with this country's pollution problems. as you say, a few days ago they brought into force a red pollution alert. that led to the number of cars on the roads being halfd, schools being closed down and factories being told to slow down or reduce output, but what cleared the pollution away a few days ago was strong northerly wind. it wasn't anything about what the government had done. th

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-mail? angie: that is certainly a concern. president obama has expressed that concern to the chinese leadership. this type of legislation means that this would allow the chinese government to have backdoors into tech companies. whether or not that is the case is obviously for the state to parse over. if tech companies hand over their encryption keys they can read your e-mails like a novel. cory: i'm not sure i want them reading my e-mails. angie: they are having increasing issues with terrorism within china. cory: thank you angie. ♪ cory: despite the slowdown in china's economy companies is have plenty of room to grow. i spoke with michael moore it's about the future of china's tech scene. moritz: i don't think anything has changed in china. the underlying consumer demand remains very strong. we have built our own

manus: a tale of two chinas. the morning of the disturbing deterioration in the world's second-largest economy. welcome, it's friday. i'm manus cranny. edwards.e annm anna it looks like a different day, positive momentum in sentiment, the confidence transmitting to the global market. talkingverybody was about what an amazing job janet yellen had done, raising rates, projecting confidence. the reality is that the dollar is storming. commodities are coming down. oil is $35. nolan is convinced that the world is -- and no one is convinced that the world is a robust place. rest of europe is down by three quarters of 1%. the asset class is down, the dollar is up, global equities have rallied by 1.27%. anna: as long as commodity rout continues it can make challenges harder. let's get the bloomberg first word with nejra cehic. nejra: the bank of japan has outlined operational changes for government bonds and real estate investment. as part of the planet will establish a new, $2.5 billion program. kept his main monetary s

china spent $631 billion on overseas deals. he does mention that record last year, one hundred $23 billion in deals. that was the first time there was more odi than foreign direct investment into china. sayingmier out last week that a globally-focused china will spend $1 trillion in overseas investment over the next five years. new studies are showing that about a quarter of that amount that trillion dollars in overseas investment between 2005-2014 run into trouble. -- has run into trouble. dollar outthat, one of every three dollar pledged or, has gone sour. that includes government officials who wish not to be identified, telling bloomberg mostly in energy and mining have trouble. natural disasters, other issues as well, integration of foreign operations into a chinese company. a separate private tally of 161 projects, soubled it looks like it has not done well for the chinese. rishaad: some of this is feeding on itself. you have a slowdown in china, then in africa -- this $631 billion in odi investment happened in the last 3-

in china. let's take a look with adam hage. is it open season for short-sellers out there? adam: yeah, good morning it certainly is. it really hinges on two pieces of data. an etf of the asia-pacific that thees in the u.s., and short interest this year is up 18%. there's another key piece of data, which is also showing that it has dropped to a three-year low. it's -- there's plenty going on in the region, which we are well aware of, concluding the chinese slow down the rate hike coming in the u.s., which will be affecting countries like hong kong that have the dollar peg. in the short-term, as stocks have come down this year, they've cap their bets. angie: are there any particular sectors are countries bearing the brunt of this shortselling? adam: yeah, there are. australia is showing the biggest increase in shortselling, closely followed by hong kong and singapore. in australia, it's the likes of the material sector, but also the consumer sector, which is a second derivative of the slowdown in

>>> a prominent human rights lawyer in china gets a suspended sentence. he could now be released from jail. with the world news from al jazeera. also ahead a governor pleads for help. >> i will be back. thank you >>> blatter gets the boot. he is vowing to fight his f.i.f.a. suspension. cecil's revenge. a crack down with american big game hunters in an attempt to protect lions. a leading human rights lawyer in china has been found guilty in a trial over online posts. she received a two-year suspended term. he was arrested over posts that criticised china's government. he has been held for 19 months but is due to be released. >> reporter: he had been facing anything up to eight years in jail for the crime of posting tweets on social media which poked fun at china's government as well as raising questions about china's policies in tabet and other regions. he had spent 20 months in detention and it is possible, i suppose, that the judges felt that that was punishment in itself and served as a warning to other human rights activists who held the same views, bu

of china town. but today china town is fast disappearing. the famous chinese gate only remains as a tourist attraction, surrounded by western food and clothing franchises. but it's about the people. at one time, 3,000 chinese lived in washington's china town. today only about 300 remain, and half of those might soon be gone, their building being replaced, jenny tang to be evicted to a luxury condo can be built. >> reporter: most of the people that live here, they all have jobs, but we don't have as much money as them, but every day, every month we pay our rent on time. >> reporter: they are victims of what is called gentrification, a process through which poor minorities are pushed out, as the city develops and the wealthy move in. non-chinese populations in these areas have doubled in a decade, some researchers estimate that of the 15 large china towns in america, only three still remain authentic to their past. >> china town is not just with the people. china town is a place where social networks,

so there is a major role that china can play, diplomatically china can bring serious diplomatic and political pressure on pakistan to cooperate in that particular issue, which is trying to broker some sort of peace negotiation between the afghan government and the taliban forces. >> does ghani have support for that. >> reporter: can you repeat that? >> from the public support. >> people are in support of peace in afghanistan, but they are also concerned that unconditionable agreements with the taliban will not bring this to an end. so it is important to set conditions for the taliban that they have to stop attacking people, stop targeting military targets, and if they are really sincere to that, there has to be a commitment also on the ground on behalf of the pakistani government that they will continue that agreement, it shouldn't be a onetime negotiation. so consistency of that negotiation, and also commitment from the afghan government is key. >> okay. thank you. >>> germany's chancellor looks at the positives from the refugee influx in europe. >>> the flood in the united states has killed

china has a lot of spare capacity. the goes the chinese central bank will have to keep a lower interest rate, we will have to allow for a weaker currency, and that is negative across the board. negative for oil, but it is negative for the rest of the mining complex as well. scarlet: we have seen how glencore has cut their profit, you say that won't be enough? francisco: we think we see a few more mines shutting down in the corporate space to stabilize prices. we have had a big announcement and week with glencore anglo. another important point to remember is that it is hard for commodities to rally exclusively on production shut ins, on gradual production shut ins. that is why we think the market will still rollover. china has 50% of the worlds copper and iron ore demand. onare more constructive copper. copper, in some ways, is like oil. it is scarce. coal ories like thermal iron ore. scarlet: i know you recently downgraded your price on hold on the fed getting ready to tighten, but there is a turning point? what are th

transpacifice partnership agreement that china is not a part of and this is a 18 for china to international legitimacy. is truly usable pretend.annot >> it is a little looser and you cannot say the renminbi is not convertible. it is not a requirement. >> it will become more freely and,e in an economic sense as that happens, you have a have thetatus and we trade side of things and the finance side of things. it gets on china and rid of a misalignment. it is where the use of the financial system is falling short and we see this lower than expectingonsensus was and i think that we could see a virtuous cycle where they can renminbimand for the as a reserve asset, if it is combined with internet/-- internationalization. host: we have seen the dollar strength. are we done with this? 74% discounted by a few hike and we are on of a liftoff on the table was janet yellen speaking about a risk events and we have the payroll with north of 200,000. we are looking for unemployment ofhit the explicit view employment. >> we have morgan stanley saying that this was a year of the yen. how is the inferential

remember we did get some relatively encouraging housing out of china -- housing data out of china. once we get through this year it should be quite positive. >> thank you for that out of sydney. we do have confirmation that willba's board meeting take place to discuss restructuring measures. that is expected to take place today. expect a large loss when it keeps you apprised of all of that. we will bring you more as we get it. back in two. >> let's get to it. >> a japanese travel agency, it says it will oversee packaging tours. it will buy back 3.1% of shares expectingillion, popular stock today. suzuki has given its shareholders its first wholly-owned mine in india. this time around it will be able to invest directly. this is quite a big market. >> we are talking radio, radio equipment. it makes radio gear. we are not talking about radio broadcasting or communications equipment. this stock is up 12% so far. it is going to be fun to watch. >> our reporters highlight news events. back to see how the stocks are done. we have china's largest homebuilder heading for a showdown with its

the west of china, much less so. to say that china is a developing or developed country it's a misnomer. that's equivalent to trying to equate the very eastern part of europe to the western part. >> when it comes to co2 emissions, where do they stand

one is china. both countries share apprehension. japan is barring the east china sea with china. they have a war along the northern border, and more recently the expansion into the indian ocean region, they help build ports in pakistan. that is the geopolitical reason. investmentery good partners. india has incredible needs. japanese countries are good at those projects. japan brings deep pockets. yvonne: there seem to be some parallels as well. what makes japan and attractive partner? india wanted to draw investment into infrastructure from the u.s., it would have to find that investment from american companies which japan is good at. getting the government to work closely together. the japanese government will open doors to get these companies to invest in india. another big reason, india is making made in india campaign. japanese companies are looking for new manufacturing bases. it offers a huge potential market as well. yvonne: a lot of deals to look out for. next, the spotlight over safety concerns in europe. we will have details when we return. ♪ yvonne: welcome back. th

understand china and have the run perception about china, they have a lot of misconceptions about alibaba. what is good for china is also good for alibaba." it is unclear -- how canwo visions they maintain the independence of the paper but also do something that is good for china? david: speaking to the growing let me askibaba -- you about this company. this is a media company that includes other companies as well. the newspaper is a flagship product. they have another -- a number of other publications. this is the most influential english-language newspaper in the region. they've been aggressive about reporting on the chinese government. they have not been afraid to tackle political scandals or human rights issues. it will be interesting to see how this actually plays out. there is an interesting story -- eight years ago, jack ma gave an interview in which he defended thing shopping -- thing shopping -- the actions in tiananmen square. it is very unclear what exactly happened there. just an example of where this paper could run into potential editorial issues is being run by olli maatta.

all eyes on china. china knows that it has to act. its people are very, very anxious for something to happen for the past few days. beijing, although it is clear today, has been experiencing some of the worst air pollution in the last three years. the air quality index yesterday, for instance, was 2356, which is-- 356 which is hazardous. days like that have become the norm rather than the exception. if i was to drive outside of beijing now and talk to people about what was happening in paris, they wouldn't know what i was talking about. sadly, there's almost a fatal ice stic acceptance here about the environment. they know the country is polluted and they know nothing is going to change for many years >>> a professor of environmental studies and my other guest. david, i will start with you. now that a deal has been reached, the future of this agreement now will be eventually decided by different countries. do you think that there will be any push back? >> so maybe, but the important thing to see from today is that there really was a p

should china contribute? we understand that xi jinping and obama have been on the phone, trying to iron out these concerns. over all, that deadline has been pushed back. we need to see some sort of compromise. mood is: caroline, the that we will get something saturday morning? is there optimism in the room? caroline: there does seem to the. the foreign minister has been trying to show that he believes a deal will be done. i think the fact that we are seeing global leaders picking up the phone, talking to each other, showing some sort of compromise -- they really want to get this over the line. the optimism is draining out. when i was here on monday, i was speaking to the environmental protection agency had of the united states. she thought friday would be the day we saw a deal done. people have been here until 6:00 this morning, trying to get their views across. people are sleeping above me. they come back at lunchtime to once again pull and a lighter. john kerry is here trying to ensure that we get an agreem

nuclear controls in china. also the growth of laces like london and frank were will threaten hong kong's that is. the company is by far the city with the largest offshore and then rule of law etc.. people get set to do business in hong kong rather than china. yvonne: we're maintaining that. bad but it is not that situation skits worse before it better? >> i think it will. as you've been saying for quite a while now they have to allow the yuan to devalue. we have students saying the economy must go to explain 5%. we have to allow the you want to depreciate. then it's trying at times to strengthen . so yes the situation will get worse and it keeps you guessing. we have to see what happens in the state months. >> 2015 has been the year of this lowdown. china the question were going to be asking ♪ yvonne: voters in spain have deserted the two main parties. the people's party was allow more than a third of the report. it came in very strong. whoever takes over will be taking on an economy that is very high on debt

china shipping and china cosco plunging by the most since 2005 and 2004. each down by over 20%. china shipping down by almost 30% in hong kong. shanghai listings are actually suspended. stocks are back online after a four-month trading halt. we had news late on friday that chinese government plans to consolidate these shipping companies to create what would become the world's fourth-largest container shipping. each focus on a different aspect of the business. that is really driving quite a bit of downside that we are seeing across these stocks. this comes as part of the broader consolidation of chinese as the lease. reformve protracted efforts to get them up to speed and streamlined. it comes at a terrible time for the shipping container names amid the swelling global demand and overcapacity. a purchase of neptune announced last week. i want to show you one of the few greens that we are seeing. oxin auto is back from a trading halt. it comes on the back of a $1.1 billion stake in the purchase by china granddaughter. -- china grand auto. one of the biggest car dealerships in chin

this railway hub connects china and europe. beijing provided most of the funds for the work in yuan. other projects include highways, tunnels, and even hotels. >> translator: china is crucial to the development of the central asian region. >> reporter: another proving ground for the yuan lies in hong kong, one of china's special administrative regions. hong kong is set to be the world's biggest trading center for the chinese yuan. many of the exchange stores here are eager to accept the currency. and the policy of one country, two systems, its official currency remains the hong kong dollar, but as tourism and business ties between the two sides grow, it's more common to see people exchanging dollars and yuan. as residents in hong kong grow more familiar with the yuan, they're looking for people to manage their assets in the currencies. >> come in. >> thank you. >> reporter: helen mak works at the real estate agency. five years ago, she opened the short fund deposit account in yuan at the hong kong-based bank. the deposit was wo

in that respect, i agree that china is a threat. scarlet: tools might have to change is looking derek scissors -- the tools might have to change i as well. derek scissors, thank you. porsche is joplin's going up for auction. how much the car would go for? scarlet: we will take a dive into the potential dupont and dow chemical merger. alix: cutting interest rates by may has jumped nearly 20% since yesterday. we will hear from the bank's governor on the countries road to recovery. ♪ alix: welcome back to "bloomberg markets." i'm alix steel. scarlet: i'm scarlet fu. time for a look at the biggest business toys are not. alix: aaron mask and says the federal reserve should not raise interest rates next week. he says that doing so could jeopardize economic growth and worsen inequality . ask and says that janet yellen may know something i do not know , but i don't understand why it is so important to raise interest rates when there is so little to be afraid of. the fed meets next week. scarlet: boston college says the number of students

you are even guilty if you send flowers, there are no human rights in china. >> reporter: pu zhiqiang is more than 300 human activists rights lawyers and journalists detained since the president sync sync began a campaign of political and social decent almost two years ago, china's government routinely rejects critical similar of the human rights record. >> translator: china's legal institutions heard the case in question in accordance with the law, china's law enforcement authorities carried out the management in the same in accordance with the law and the people in question should cooperate. >> reporter: last week one state-owned newspaper urged judges in this case to ignore pressure from western governments. adrian brown, al jazeera, beijing. >>> staying in china and the head of one of the country's biggest companies has reemerged after disappearing from public view on thursday and china authorities say the chief was helping them with their investigation and the government has benatar get e- -- has been targeting them. this is a third in a week and on wednesday president zuma sent

the trend is china, they still are gaoled the most. how come. >> china has a policy of oppressing media, that's what they intend to do. they are allowing no room for disdense or controversy. some of the controversy comes from bloggers who are writing about the economy slowing down, and the chinese government hates that. not just the economy, but a range of social disruptions that the government doesn't want to lose control of. they want to control the narrative of what it going on in china. and they don't want anyone to disrupt them. >> one of the ways of trying to control the nar tif was melissa chan, essentially kicked out from china. what was your experience when expelled in 2012? >> in 2012 things were different. there was never a sense from the chinese officials of why i was told to leave. in this case with the french journalist. she was told why she was asked to leave or told to leave. they were unhappy, and concerned about how far they could push the chinese authorities or chang high. i think it's very clear three years down the

same with china. non-opec sliding. storage costs matter a lot. they go up as the market is oversupplied. they feel rightly justified in what they are doing. they think the market will end 2016 at a significantly higher price. and that they will -- >> said again. you believe at the end of 2016 prices will be significant higher. >> i think is the first time that i have been on a bloomberg news cast in which i'm saying something about the market. we think that wti will be about 65. and brands will be about 60. >> when? >> fourth quarter. they should see a drawdown inventory. the market is very tenuously balanced. ♪ >> the fed will raise rates. for emerging markets, the fed will remain a key theme. it's our deceit commodity prices rebound. >> i think social media messaging will take over more of your life. >> people on mobile devices will learn how to avoid bumping into one another. >> we will see people using their smartphones more to monitor their health. >> i'm predicting at least one hedge fund manager is going to get into the food truck busine

>> well $1.5 trillion is invested there in china. billion of corporate earnings in the u.s.. -- 10%, overt the one trillion in chinese context but it's one made by a chinese investor. disregarding singapore and hong kong, they are exposed. manus: let's try to take the conversation and get it into reality. the consequence of everything we discussed has ramifications for minors, commodities. i found my favorite figure of the day. is 400rage u.s. hike hands of copper wire and copper pipe. let's talk about the minors. yesterday's demolition derby, which is anglo-american, followed by the year performance. anna,american down 3%, where are we? a rocky year for the miners. understatement of 2015. it is about china and a variety of issues. >> putting things in perspective, chinese demand counts for 50% of demand for iron ore and many metals all stuff you can see that the chinese slowdown has a huge impact on demand. policymakersese shift so the consumer will have a great impact, but producers have been good at adjusting the supply until dema

that leads directly to china. the gentleman was mentioning the chinese, this low growth in chinese demand for commodities. i think the story continues. despite all the d stocking of these commodities, we are still seeing contraction in cpi. we are seeing a lot of dumping by chinese steel makers. outputinue to expand the despite shrinking margins. the story out of china is not constructive yet. we could be talking about a stabilization. generally speaking, china is not growing in a way that helps commodities anymore. seen hundreds of thousands of people taking to the streets in protest. are we going to see many more? there's still the scandal with petrobras. there's dilma rousseff. and the economics are terrible. anthony: hard to say. a lot of people thought, they will be even worse, even bigger protests during the world cup. we didn't see that. we saw a lower rate of protest. it is a possibility that the social situation is going to get worse, unemployment is going to get worse. there will be more tension and grie

china is objecting to an appearances deal. sanction china regards taiwan as part of the territory. u.s. is defending the deal saying the policy between taiwan has been consistent and has helped to maintain security in the region. political commentator says the asian foreign policy is confused >>. >> it is difficult to understand it. the u.s. recognises the one china policy and that would include taiwan, but it also insists on going on with the taiwan's relations act which says it will give arms to taiwan to protect itself. this is equivalent to saying to the state of georgia, since you were involved in the fed rate war, china will continue to arm you. there have been military talks and engagement, but from the u.s. point of view it's 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. american exceptionalism is a rationalization but it doesn't tell people where you stand and what is becoming a multi polar world >>> still to come on the program, down to business