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Mar 16, 2016
03/16
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tonight on mosaic, china has a new slogan. narrator: introduced by chinese president xi jinping in 2012, the china dream is a pledge to rejuvenate the nation. prof. cheah: when i hear china dream, the first thing i think about: materialist consumption. ai weiwei: i think it's just a nightmare. narrator: is the china dream of security and economic prosperity for all chinese citizens or only for the well educated and fortunate enough to already be middle class? professor taz frazier: you know working class, working poor, rural chinese citizens are finding the chinese dream to be a myth. prof. stan rosen: it's being introduced at a time when you're trying to pull back everybody who is going off in their own 1.3 billion directions. narrator: tonight on mosaic, through the eyes of film makers around the globe we explore the china dream with intellectuals, overseas students in america, migrant workers in beijing, and an entrepreneur in africa. tonight on mosaic, the china dream. dean yam yeutong: national rejuvenation refers to thos
tonight on mosaic, china has a new slogan. narrator: introduced by chinese president xi jinping in 2012, the china dream is a pledge to rejuvenate the nation. prof. cheah: when i hear china dream, the first thing i think about: materialist consumption. ai weiwei: i think it's just a nightmare. narrator: is the china dream of security and economic prosperity for all chinese citizens or only for the well educated and fortunate enough to already be middle class? professor taz frazier: you know...
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Mar 20, 2016
03/16
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if china is week we don't have to worry, but china is strong we have to look at the strategies that china is adopting in order to fight what it sees as the warhead which gets into the realm of words you have heard, the jargon access aerial denial and asymmetric warfare. once i get to that point there is an issue we have to focus on. i go through the flashpoints for war whether itwhether is south china sea, east china sea, taiwan, north korea, and finally to try to cut throuw you present with seems to be an eventual conflict with china which is where we'll talk about the pathways to piece. i am going to move through this fairly briskly. let's begin with the intentions question. we start with, there is absolutely no question, china needs to have a strong military. no question about that. the british took the port, the opium wars is doing the same thing today, using coercion to take territory from people. germans and french were absolutely brutal us was right there as the junior imperialist at the time and of course we know the history of which appended. the chinese attitude is never again.
if china is week we don't have to worry, but china is strong we have to look at the strategies that china is adopting in order to fight what it sees as the warhead which gets into the realm of words you have heard, the jargon access aerial denial and asymmetric warfare. once i get to that point there is an issue we have to focus on. i go through the flashpoints for war whether itwhether is south china sea, east china sea, taiwan, north korea, and finally to try to cut throuw you present with...
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Mar 18, 2016
03/16
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the china open, commodities rally good for china stocks and futures telling that. we will see an upside open. rishaad: government stimulus in china sent property prices soaring in the biggest cities, but a billionaire says they are "reasonable." after he spun off his real estate assets, we have the story. >> announced an underlying profit of $2 billion, but says the real estate market in hong kong and china remained challenging. thinks that when it comes to property prices, they are at a reasonable range. take a listen. i don't think housing prices are searching too much and mainland china. people might have seen prices drop in one or two projects, but in other chinese cities only by less than 10%. uncertainty over the economy and a glut of homes. we have seen prices rebound sharply as the government expand stimulus. we'll get the latest prices in china and about half an hour and see if the recent gains and prices hold steady in february. new home prices rose in january and more than half the city's the government follows. meanwhile, some chinese developers are car
the china open, commodities rally good for china stocks and futures telling that. we will see an upside open. rishaad: government stimulus in china sent property prices soaring in the biggest cities, but a billionaire says they are "reasonable." after he spun off his real estate assets, we have the story. >> announced an underlying profit of $2 billion, but says the real estate market in hong kong and china remained challenging. thinks that when it comes to property prices, they...
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Mar 7, 2016
03/16
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. >> china wants to grow. despite all of the problems, they still have the ammunition to make it work. i am not too worried about overall growth. the forecast is 6.3 this year. -- 7% next year. the problem is not whether china is in for a hard landing, but are they tackling problems or pushing the problem along the way? the asia analytical md says there is only one surprise from the npc so far. >> there is nothing in the five-year plan that comes as a big surprise. there are really formalizing all of the things that we have been saying all along, but the one thing that did come across, watching the premier, is his masterly presentation of a slew of bad news. michael spencer says we may also see important reforms to monetary policy. >> our expectation is that reserves will decline at the rate that they have to the last 3-6 months. has been helpful talk that may be reserves could be higher, and i am much of that comes from. cut is in response to the last couple of months of reserve cut. -- reserve cuts. the bala
. >> china wants to grow. despite all of the problems, they still have the ammunition to make it work. i am not too worried about overall growth. the forecast is 6.3 this year. -- 7% next year. the problem is not whether china is in for a hard landing, but are they tackling problems or pushing the problem along the way? the asia analytical md says there is only one surprise from the npc so far. >> there is nothing in the five-year plan that comes as a big surprise. there are really...
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Mar 6, 2016
03/16
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WKRC
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warned china over its militarization of the south china sea. china is boosting its military presence in the south china sea, creating bases on islands carved out of coral and sand. through this region and 15 times the panama canal. scott thuman examines the scott only a few years ago, : these little reefs and sand cays in the spratly islands off the coast of the philippines and south vietnam were largely uninhabited, wanted only as fertile fishing grounds. today, converted to military outposts equipped with runways adm. harris: china' s intent to militarize the south china sea is as certain as a traffic jam in d.c. scott: admiral harry harris, jr., is head of the us pacific command. he came to capitol hill to raise concerns about china' s intent. adm. harris: in my opinion, china is clearly militarizing the south china sea and you would have to believe in the flat earth to think otherwise. greg poling: you' re seeing an entirely new island, where nothing existed before. scott: greg poling runs the asia maritime transparency initiative. they com
warned china over its militarization of the south china sea. china is boosting its military presence in the south china sea, creating bases on islands carved out of coral and sand. through this region and 15 times the panama canal. scott thuman examines the scott only a few years ago, : these little reefs and sand cays in the spratly islands off the coast of the philippines and south vietnam were largely uninhabited, wanted only as fertile fishing grounds. today, converted to military outposts...
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Mar 4, 2016
03/16
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BLOOMBERG
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this is the insane amount of money that china spent. $1.2 billion china sports toia paid for the rights broadcast those games. that is 100 times the amount of 2015. if you look at commercial value, the league has some way to go to catch up. that brings me to my next point. how open is the league to international challenges. english premier league remains top there. some of these leaks have caps on the number of foreign players allowed. in no way is this: related to how good the team is. it shows the potential interest it can generate by having foreign talent. have a look at supply, and where better to look than the biggest soccer crazy country in the world. best, buthome to the also the most underpaid players. 80% of brazil's professional football players earn less than $250 per month. above therely country's minimum wage. in fact, only one player among 28,000 earns as much as the average world player gets outside brazil. you do understand why this chart actually looks like this. it is the number one exporter of football players, and even the biggest clubs have been struggling. they hav
this is the insane amount of money that china spent. $1.2 billion china sports toia paid for the rights broadcast those games. that is 100 times the amount of 2015. if you look at commercial value, the league has some way to go to catch up. that brings me to my next point. how open is the league to international challenges. english premier league remains top there. some of these leaks have caps on the number of foreign players allowed. in no way is this: related to how good the team is. it...
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Mar 8, 2016
03/16
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BLOOMBERG
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emily: one thing you have on facebook is china. you guys have found a way to penetrate china. how would you rate your progress in china? do you feel like you have cracked the code, do you feel like there is a lot more work to be done there? >> i would hardly suggest we have cracked the code. china is a highly competitive landscape. and it exceeded our expectations. when we started, roughly a year ago, we amassed roughly four million members in english in 10 years. we have seen that substantially grow. and in terms of our core businesses, talent solutions, marketing solutions, et cetera, there a lot of room for growth and early days and focused on getting the membership before we prioritize modernization. we are pleased where we are. emily: you mentioned you had to make compromises and ask users to crens sore themselves. how do you navigate that process? how often has that happened? >> we started to navigate that process before we launched. we spent the better part of 18 months understanding who we were as a company, our culture and values, what it would meet in terms of compli
emily: one thing you have on facebook is china. you guys have found a way to penetrate china. how would you rate your progress in china? do you feel like you have cracked the code, do you feel like there is a lot more work to be done there? >> i would hardly suggest we have cracked the code. china is a highly competitive landscape. and it exceeded our expectations. when we started, roughly a year ago, we amassed roughly four million members in english in 10 years. we have seen that...
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Mar 21, 2016
03/16
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BLOOMBERG
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china is one of those. china continues to be an engine of growth for the region, perhaps not for the world. angie: it's got to be a collective effort, it sounds like. bennett, always good to see you, joining us in hong kong. coming up on "asia edge" -- rishaad: we are going to find out why apple could be facing a potential crisis when it comes to the iphone. angie: back in two. ♪ a look ate now for what we will be watching for you in asia this week. nike releases third-quarter earnings on tuesday, and we will be watching to see how the company is faring in china. at second quarter sales defy the slowdown, jumping 24% to $938 million, while future orders increased 34%. china is hosting the annual bow forum. premier league to chang -- li delivering abe speech. stephen engle will be there with live updates and big guests. on thursday, we have singapore releasing its budget. the finance minister says the government will be particularly prudent with this year's finances. singapore's economy grew 2% last year.
china is one of those. china continues to be an engine of growth for the region, perhaps not for the world. angie: it's got to be a collective effort, it sounds like. bennett, always good to see you, joining us in hong kong. coming up on "asia edge" -- rishaad: we are going to find out why apple could be facing a potential crisis when it comes to the iphone. angie: back in two. ♪ a look ate now for what we will be watching for you in asia this week. nike releases third-quarter...
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Mar 6, 2016
03/16
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ace money is shrinking in china. base money is drinking in china -- is shrinking in china. yvonne: thank you so much. ♪ yvonne: welcome back. the man behind the most expensive piece of lingerie in the world says the diamond industry is under as much press -- pressure as any other business. berraated a gem studded for victoria's secret. >> the diamond and jewelry industry goes through a lot of different cycles and it is very much impacted by the economy. time we arerst going through a global slowdown where there is not one market driving it. >> how has a china's slowdown affected the industry? >> a lot more volume is happening at the lower point -- price points. where peoplen is are having more difficulties. >> how much of my holding right now? >> you are holding $13 million in your hand. but what is the difference between a good long-term investment and one that is not so much? >> you want to go for the rarest possible jams -- gems. nature produces a lot of diamonds, but very few are actually pure. although this one is smaller, there is a tent of yellow -- tint of yellow.
ace money is shrinking in china. base money is drinking in china -- is shrinking in china. yvonne: thank you so much. ♪ yvonne: welcome back. the man behind the most expensive piece of lingerie in the world says the diamond industry is under as much press -- pressure as any other business. berraated a gem studded for victoria's secret. >> the diamond and jewelry industry goes through a lot of different cycles and it is very much impacted by the economy. time we arerst going through a...
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Mar 14, 2016
03/16
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CSPAN2
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between china between china and pakistan on one hand and india on the other. just two years ago, india proudly announced that it fired an intermediate range ballistic missile that allowed it for the first time to target beijing with nuclear weapons. the crisis that was averted in 1962 remains a problem to this day. john f. kennedy's forgotten's story of the crisis, mostly from the american point of view. it also has several other back stories which i'll be happy to talk about in q&a like the role of the first lady. it was very important in this issue. and the role played by the cia and tried to sponsor rebellion and type at. me finish with one other word about sources. this book relies upon letters that have only been declassified in the last couple of years between kennedy and nehru. for more than 50 years, years, the indian government denied these letters even existed. in some ways they are very embarrassing. india in its moment of greatest need had to ask the united states to bail it out. the letters are declassified and this is the first book that takes ad
between china between china and pakistan on one hand and india on the other. just two years ago, india proudly announced that it fired an intermediate range ballistic missile that allowed it for the first time to target beijing with nuclear weapons. the crisis that was averted in 1962 remains a problem to this day. john f. kennedy's forgotten's story of the crisis, mostly from the american point of view. it also has several other back stories which i'll be happy to talk about in q&a like...
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Mar 8, 2016
03/16
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petro china falling 1.7%. we hear from an official saying type -- china national petroleum 2016 traffic by 26%, and crude output by 3%. --send down back to you. rishaad: more from the china foreign minister, speaking on the sidelines from his national people's congress in beijing. this is the scene at the moment as he talks about what has been going on in the south china sea, saying china was not the first of the weapons there, and they cannot be accused of military thing that part of the world. this is coming out of the foreign minister. freedom of navigation isn't licensed to do whatever you want, that is what of the things he has been saying. they are also in the process of setting up a hotline to deal with the south china sea tensions. that is with a variety of nations, with conflicting claims on various islands in the south china sea. on top of that, we had the united states of late, also doing rattling there. -- northave the north korean peninsula, korean peninsula addressing tensions as well. we talked
petro china falling 1.7%. we hear from an official saying type -- china national petroleum 2016 traffic by 26%, and crude output by 3%. --send down back to you. rishaad: more from the china foreign minister, speaking on the sidelines from his national people's congress in beijing. this is the scene at the moment as he talks about what has been going on in the south china sea, saying china was not the first of the weapons there, and they cannot be accused of military thing that part of the...
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Mar 24, 2016
03/16
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ALJAZAM
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china claims almost all of the south china sea. it also claims taiwan, but china's leaders normally sensitive on issues concerning sovereignty have not objected to what taiwan is doing here. in these disputed waters the two chinas appear to be on the same side. taiwan's isolated status means that it can't be represented at the united nations or other international bodies that have been trying to resolve the south china sea dispute. this trip was about trying to ensure taiwan's voice is also heard. adrian brown >>> joining us live from beijing is victor gow, the director the china international association of international studies. what is it that makes the government in beijing so very threatened by the existence of this natural island to the point where it feels the need to build islands in that very specific area? >> your correspondent mentioned that there are two chinas. as a matter of fact, there is only one china. there is no difference about china's overall sovereignty of the islands and the areas in the south china sea. this
china claims almost all of the south china sea. it also claims taiwan, but china's leaders normally sensitive on issues concerning sovereignty have not objected to what taiwan is doing here. in these disputed waters the two chinas appear to be on the same side. taiwan's isolated status means that it can't be represented at the united nations or other international bodies that have been trying to resolve the south china sea dispute. this trip was about trying to ensure taiwan's voice is also...
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Mar 30, 2016
03/16
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BLOOMBERG
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china worked with us at the u.n. china is the neighbor to north korea. they have more influence over north korea than any other country. they worked with us at the u.n. and we have since that u.n. resolution had our teams working with the chinese to execute against it and to implement it. in the case of russia, russia is one of the u.n. security council permanent members. we have sanctions against russia working with our g-7 partners and others around the world. there are multiple ways to work . the international community charlie: here's what's interesting about that. secretary kerry just returned from moscow where he's trying to work something out with vladimir putin, the president of russia, about syria. so he's there trying to work out something about syria. at the same time that we're imposing sanctions not only on russia, but on some of their leading friends of the president. jack: the reality is, we are working with russia, we worked with russia on the iran negotiation. they were part of the negotiating group. charlie: the president said they were
china worked with us at the u.n. china is the neighbor to north korea. they have more influence over north korea than any other country. they worked with us at the u.n. and we have since that u.n. resolution had our teams working with the chinese to execute against it and to implement it. in the case of russia, russia is one of the u.n. security council permanent members. we have sanctions against russia working with our g-7 partners and others around the world. there are multiple ways to work...
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Mar 30, 2016
03/16
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gordon: i think that is what china is trying to do, to force foreign companies to create content in china. they'll of course, that would violate the january rules, but that's the only approach i think, in the short term, because clearly china does not want to have foreign generated content on chinese websites. so that, i suppose it sounds terrible, but yes, i think that is the only thing companies can do right now. cory: gordon chang, thank you very much. author of "the coming collapse of china." turning to the u.s. markets. janet yellen suggested no rate hike anytime in the near future. we take a look. >> i have two words ringing in my head right now, and those words are "proceed cautiously." janet yellen was talking about interest rate rises or may be the lack thereof. in the next several months or so. taking a look at what has happened in the markets, the s&p, dow, nasdaq, all in a broad rally, going higher. the nasdaq up the most by about 1.7% here. and, if we look intraday on this day of trade, we can actually see that when janet yellen said those words, it gave a lift to the markets
gordon: i think that is what china is trying to do, to force foreign companies to create content in china. they'll of course, that would violate the january rules, but that's the only approach i think, in the short term, because clearly china does not want to have foreign generated content on chinese websites. so that, i suppose it sounds terrible, but yes, i think that is the only thing companies can do right now. cory: gordon chang, thank you very much. author of "the coming collapse of...
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Mar 21, 2016
03/16
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BLOOMBERG
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and china of course. questioning what is happening in places like japan and europe with monetary policy. rishaad: we have two different ways of looking at the world, haven't we? the fed with that surprisingly dovish statement. what has been the overall impact? >> we've seen currencies in europe and japan continuing to hold onto that strength. the other thing is also making market say, the fed is not going to increase rates as quickly as we thought, potential he looking to increase or stephen the curve, which will be positive for a lot of risk assets. rishaad: that's what we have there when it comes to it. a dominant theme has been oil. oil prices going south 30, people talking about $20 a barrel, are we pass those days? for a while? of observation i would make his we go back a couple of years, $110, $26, now we have rebounded almost 50%. fundamentals, if inventories increased, that is what will play on people's minds. secondly, the structure of the market has changed. shale producers easier to switch on a
and china of course. questioning what is happening in places like japan and europe with monetary policy. rishaad: we have two different ways of looking at the world, haven't we? the fed with that surprisingly dovish statement. what has been the overall impact? >> we've seen currencies in europe and japan continuing to hold onto that strength. the other thing is also making market say, the fed is not going to increase rates as quickly as we thought, potential he looking to increase or...
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Mar 3, 2016
03/16
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BLOOMBERG
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jim: if we make the china. our argument, which i personally do not think is the most likely outcome, i look at china foreign currency reserves -- down to about 3.2 trillion and change. falling about 100 billion a month. the imf estimate, given the size goese currency, if that much below 2 trillion u.s. a problem. it is coming down 100 billion a month, we are within a year of a crisis, in terms of what is really going on. manus: look, you manage a bit of money. a few dollars. jim: that is true. manus: that is get you on the spot for msci. spiking since the low, i read a piece this morning saying this is not a broad or a debt. this is not a real volume recovery. take us through your perspective. jim: the first thing on the point of it not having a debt, that is the fundamental of the market. that is a comment on the change the market structure. and you saw some people call it an unintended consequence of dodd-frank and all the banking relation around the world. you have seen a withdrawal of bank capital from secu
jim: if we make the china. our argument, which i personally do not think is the most likely outcome, i look at china foreign currency reserves -- down to about 3.2 trillion and change. falling about 100 billion a month. the imf estimate, given the size goese currency, if that much below 2 trillion u.s. a problem. it is coming down 100 billion a month, we are within a year of a crisis, in terms of what is really going on. manus: look, you manage a bit of money. a few dollars. jim: that is true....
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Mar 18, 2016
03/16
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FBC
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that i know g in china, ♪ china, china, china, ♪ china, china, china ♪ china china ♪ china ♪ china ♪ china china. china china! ♪ kennedy: that is impressive, but i feel dirty and naughty and not so fresh every time i hear that. i don't know if you could say [ bleep ] like that on tv, sorry. that was rude. but brace yourself, not to be outdone, fill harmonica orchestra composed a entire sim-- symphony. kennedy: i know people love their pets, i have about 796 names for my bulldog puppy lemm i a lemmy. i understand pet love, this is my gift to you. marry thorn love her pet, his name is ram poe, h rambo. he wears little outfits, rides in the side car. he is polite with kids. he has his own bedroom, and mary treats him like a baby. because he is a 6-foot will gator thaalligator that loves a chin rub. she has a solution, she is putting him in the side car, how cute is that? she is going to have him certified as a therapy animal. yeah. i hope she gets accomplished before her face transplant after rambo rips her eyes out and snacks on her nose, but, he is an alligator, thank you florida fo
that i know g in china, ♪ china, china, china, ♪ china, china, china ♪ china china ♪ china ♪ china ♪ china china. china china! ♪ kennedy: that is impressive, but i feel dirty and naughty and not so fresh every time i hear that. i don't know if you could say [ bleep ] like that on tv, sorry. that was rude. but brace yourself, not to be outdone, fill harmonica orchestra composed a entire sim-- symphony. kennedy: i know people love their pets, i have about 796 names for my bulldog...
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Mar 20, 2016
03/16
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BLOOMBERG
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in china. we have had a lot of easing coming through from beijing, and this is the one that got people worried that they will be adding to leverage when they should be deleveraging. he talked in particular about the corporate debt overhang of bad loans as something that needs to be addressed while still trying to maintain this medium level of growth and development in the economy. angie: but how? things, quitethe debtroversial, is equities crops. the financial institutions, the financial sector, is still fairly undeveloped. that's going to be something they will need to address. is looking at plans to convert that into equity stakes, and this seems controversial, because what you have are banks that can take the bad loans from corporate's and conferred them into the stake of the equity of that company. it is great for the companies and the balance sheets in the sense it gets bad loans technically off the books and frees up more money for the banks to lend -- t alongbut it passes i to those inve
in china. we have had a lot of easing coming through from beijing, and this is the one that got people worried that they will be adding to leverage when they should be deleveraging. he talked in particular about the corporate debt overhang of bad loans as something that needs to be addressed while still trying to maintain this medium level of growth and development in the economy. angie: but how? things, quitethe debtroversial, is equities crops. the financial institutions, the financial...
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Mar 7, 2016
03/16
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BLOOMBERG
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the aim is to turn china into a for innovating in china. is xu lin.e we chose rishaad: what do we know about president xi jinping's preferences? a tendency ton not promote from his own power base. with five officials worked president xi jinping before. that tells you about his promotional style, which might offer some clue. rishaad: what else to expect from this midterm power transition? aswho is going to emerge president xi jinping's's successor? it for he will accept him or will he choose his own person? rishaad: let's have a look at what's going on. xiaomi has no plans to go public, invited at $45 billion in 2014, a funding round secured more than one billion from investors. saying anexecutive ipo is not on the calendar. it is planning to introduce a high end device. shareholders have voted to oftinue back the chairman the retail conglomerate, holding a meeting over the weekend after an internal this beaut. he was proposing to form a new board of directors, giving himself the role of chief executive. he says he intends to resubmit the pr
the aim is to turn china into a for innovating in china. is xu lin.e we chose rishaad: what do we know about president xi jinping's preferences? a tendency ton not promote from his own power base. with five officials worked president xi jinping before. that tells you about his promotional style, which might offer some clue. rishaad: what else to expect from this midterm power transition? aswho is going to emerge president xi jinping's's successor? it for he will accept him or will he choose his...
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Mar 30, 2016
03/16
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ALJAZAM
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eye 42
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china would go to the wto. mexico would go to either the wto or a nafta panel and would win the right quite easily to retain 80 against american exporters of goods and services in a similar amount, a back of the napkin calculation shows china would be able to compete against hundreds of billions of dollars of goods, services and intellectual property effectively shutting down the chinese market. >> let me stop you there? >> hold on one sec. combine that with consumer costs and you have talk talking being a devastating effect as various economic analyses have thshown r the u.s. economy. >> if president trump were able to do that, one thing he says in his speeches is that with domestic demand stimulated, these things would start to be made here would they start to be made here? >> no. i mean that's just not, you know, just because he says its so doesn't make it so. the reason why some workers are hurting, you know, it sounds very appealing. >> policy that deals with winners and losers in the economy. and that's w
china would go to the wto. mexico would go to either the wto or a nafta panel and would win the right quite easily to retain 80 against american exporters of goods and services in a similar amount, a back of the napkin calculation shows china would be able to compete against hundreds of billions of dollars of goods, services and intellectual property effectively shutting down the chinese market. >> let me stop you there? >> hold on one sec. combine that with consumer costs and you...
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Mar 27, 2016
03/16
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CSPAN3
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-china a in sea. it had negative connotations because it was signed by two superpowers as an effort to avoid world war iii. a major trade partner with newer social ties, indeed we had 300 thousand chinese students studying in the united states right now. you did not have that during the cold war with the soviet union. ofilitary consultant agreement was signed which facilitates the annual discussion of maritime issues. and initially lacked some of the issues. over time, the two nations adopted a code of unintended and counters at sea that was created naval western pacific symposium. an annual gathering of navies that operate in the region. a friend of mine, captain smith, shared with me an encounter he had with a chinese forget in the eastern see a few years ago a end discussed the professionalism of his chinese counterpart. i am confident that even with the hc accord, one thing we can say for sure, with the hco court, there was a little bit of hanky-panky tween the u.s. and the ussr as i revealed in m
-china a in sea. it had negative connotations because it was signed by two superpowers as an effort to avoid world war iii. a major trade partner with newer social ties, indeed we had 300 thousand chinese students studying in the united states right now. you did not have that during the cold war with the soviet union. ofilitary consultant agreement was signed which facilitates the annual discussion of maritime issues. and initially lacked some of the issues. over time, the two nations adopted a...
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Mar 16, 2016
03/16
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LINKTV
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it calls for the creation of mid-size cities around china. local governments would attract businesses and provide new residents with jobs and housing. as an added incentive, people would see their social welfare benefits increase. steady salaries would push more people into the middle class, and that would boost domestic consumption. officials in beijing want to build more than 130 of these cities around china. construction of the new city in guizhou began two years ago. an electronic equipment maker built a plant that employs 300 workers. >> translator: life has gotten better since i moved to the city. i'm enjoying every day. >> but, it's too early to declare the plan a success. as small cities pop up competition to attract companies will intensify. some question whether they will be able to bring in promising businesses. and not everybody is happy about the relocation program. these farmers are in their 50s. they've been told to move to the new city. authorities have already cut off water for their rice paddies. they have to quit farming so
it calls for the creation of mid-size cities around china. local governments would attract businesses and provide new residents with jobs and housing. as an added incentive, people would see their social welfare benefits increase. steady salaries would push more people into the middle class, and that would boost domestic consumption. officials in beijing want to build more than 130 of these cities around china. construction of the new city in guizhou began two years ago. an electronic equipment...
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Mar 3, 2016
03/16
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ALJAZAM
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and china. some parts clearly directed at the north korean leadership among the luxury goods banned, aadequatic recreational vehicles, such as jet skis and know mobiles. despite the agreement on the resolution, china is still strongly opposed to u.s. plans to deploy a high altitude between system in south korea. >> translation: all parties concerned should avoid actions that should further aggravate the tension on the ground. china opposes the deployment of thaad on the korean pen insular because it harms the interests of china and other countries of the region and goes against the goal of maintaining the peace and security of the peninsula. >> reporter: there are two questions. the providess going further than before, but will it be properly kwlektd. in the past when north korea has been punished by the council it has provoked them to take further action >>> tensions are flairing on the greece-macedonia border. thousands remain stranded and prevented from passing through by police. they blocked
and china. some parts clearly directed at the north korean leadership among the luxury goods banned, aadequatic recreational vehicles, such as jet skis and know mobiles. despite the agreement on the resolution, china is still strongly opposed to u.s. plans to deploy a high altitude between system in south korea. >> translation: all parties concerned should avoid actions that should further aggravate the tension on the ground. china opposes the deployment of thaad on the korean pen insular...
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Mar 24, 2016
03/16
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BLOOMBERG
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china. last year, we sell revenue of , and 200ion yuan million in profit, almost 10% profit. credit suisse, taken by a surprise and a buildup and liquid trading positions, sparking a loss in the first quarter. the global markets unit will lose money, revenue dropping 45% from a year earlier. debt,gs of distressed leverage loans, and securitized products, triggered $258 million of write-downs in the third quarter. there will be deeper cost cuts, ,ncluding another 2000 jobs bringing the total headcount to go to 6000. the bank was to cut risk-weighted assets in the global markets business by 20% to about $60 billion this year. the coffee chain starbucks is not shy of a challenge. it wants to make tea a hit, and in china, no less, a country that drink's more tea than any other place. starbucks will introduce its products there later this year. and 2013,t t vonn boosting revenue by expanding beyond its core coffee business. it's sales jumped 70% to almost $1 billion, led by growth and iced tea. i
china. last year, we sell revenue of , and 200ion yuan million in profit, almost 10% profit. credit suisse, taken by a surprise and a buildup and liquid trading positions, sparking a loss in the first quarter. the global markets unit will lose money, revenue dropping 45% from a year earlier. debt,gs of distressed leverage loans, and securitized products, triggered $258 million of write-downs in the third quarter. there will be deeper cost cuts, ,ncluding another 2000 jobs bringing the total...
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Mar 11, 2016
03/16
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ALJAZAM
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in both of those markets china implemented reform policies. this is the point about china. it is a developing economy story. it's an economy in transition. and they are in the middle of one of the greatest reform processes in the history of the world. markets are changing. united nations are changing and that can be disruptive. it happened in the equity and infoxchange markets. >> let's talk about equity market, in america and western counties we associate that with economic performance, is that a fair way to prepare things in china, when we saw double digit growth in china there was no equity movement. now there's huge equity movement and rough markets, didn't really growths. >> when you get you people look at the shanghai market, the schenk zen market almost as if it's on the par with other markets, and it's not. china is a transitional economy. the chinese equity market is where the western market were 30, 40, 50, 70 years ago. to put it on the same level and judge it in the same standard,you'll get critical. that is a long-term reform process, the key question is are th
in both of those markets china implemented reform policies. this is the point about china. it is a developing economy story. it's an economy in transition. and they are in the middle of one of the greatest reform processes in the history of the world. markets are changing. united nations are changing and that can be disruptive. it happened in the equity and infoxchange markets. >> let's talk about equity market, in america and western counties we associate that with economic performance,...
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Mar 5, 2016
03/16
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BLOOMBERG
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tech companies to succeed in china? sir michael: we try not to make the mistakes that we watched others make. so, the first thing that you need to do is go there and admit you know nothing. you need to understand the market is different, and you definitely don't staff your company in china with people from america or europe. you also need to understand that there is a very different work ethic in china. people just happen to work a lot harder. so, it's a whole new level of competition. emily: sequoia is very successful, but you have no women partners. what do you think your responsibility is there? sir michael: we think about it a lot. i like to think, and genuinely believe, that we are blind to somebody's sex, to their religion, to their background. we probably have more different nationalities working at sequoia than pretty much -- it's a very cosmopolitan setting. the fact that we have embraced china, we have embraced india, we have operated in israel for a long time, i think shows that. the real question i think tha
tech companies to succeed in china? sir michael: we try not to make the mistakes that we watched others make. so, the first thing that you need to do is go there and admit you know nothing. you need to understand the market is different, and you definitely don't staff your company in china with people from america or europe. you also need to understand that there is a very different work ethic in china. people just happen to work a lot harder. so, it's a whole new level of competition. emily:...
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Mar 31, 2016
03/16
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BLOOMBERG
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we'll talk about the absolute focus, which is china, china, china. really looking forward to that, to get you ready. futures negative. stay with us; another hour of bloomberg "surveillance." ♪ ♪ tom: yields drive lower. market suggests between the tug-of-war between janet yellen l marketevi vigilantes. s&p goes to negative. april four's day is upon us. the 2015 predictions. this is bloomberg "surveillance." the end of the first quarter. i am tom keene in new york. francine lacqua and london. the news flow is extraordinary. francine: we have downgrades for china. all of the turmoil actually explains with all of the angst that investors had about the debt in china. janet yellen gave her definitive answer on easing, it seems, and that is impacting currency. tom: global wall street in real turmoil. now to get you up to speed on the first work news, here is vonnie quinn. vonnie: good morning. the security summit is getting underway in washington. north korea will be high on the agenda. the leaders of japan and south korea will discuss the recent nucle
we'll talk about the absolute focus, which is china, china, china. really looking forward to that, to get you ready. futures negative. stay with us; another hour of bloomberg "surveillance." ♪ ♪ tom: yields drive lower. market suggests between the tug-of-war between janet yellen l marketevi vigilantes. s&p goes to negative. april four's day is upon us. the 2015 predictions. this is bloomberg "surveillance." the end of the first quarter. i am tom keene in new york....
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Mar 3, 2016
03/16
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BLOOMBERG
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china keepsews for rolling in. pmi coming up 49.4, falling from 50.1, so it did hold its head above water in the previous month. broadly painting a picture of disturbingn what is is this services sector is meant to be the new driver of china's economic growth, more than 50% of the economy. this has been the intention to overtake the traditional drivers. data shows it's starting to lose steam. year it isf difficult to get a read of the , factories and businesses closing, finishing up a seasonal distortion. we tend to have to wait until march later in the year to get a good indication of how the economy is going. the picture it paints is one of a slowdown. that services pmi falling, manufacturing in contraction, the weakest since 2008. we have forgauge manufacturing also in contraction for more than a year , so none of these numbers are good. we have two bank he of events , a top political advisory body comprising academics, politicians, advisers across the cultural sector, politics, financial sector as well, they ar
china keepsews for rolling in. pmi coming up 49.4, falling from 50.1, so it did hold its head above water in the previous month. broadly painting a picture of disturbingn what is is this services sector is meant to be the new driver of china's economic growth, more than 50% of the economy. this has been the intention to overtake the traditional drivers. data shows it's starting to lose steam. year it isf difficult to get a read of the , factories and businesses closing, finishing up a seasonal...
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Mar 9, 2016
03/16
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bad news about china. our view is the chinese economy is fine. it is slowing down as it should. central and dollar economy in terms of nominal output. but do expect that economy to grow at 7% every year is just unreasonable. it should slow at a national rate is something light 6.4% if you use the official numbers as a baseline. -- you know, it is a manufacturing-heavy economy and we are in the middle of a global trade war. tohave been in the last six seven years. as a result, manufacturing suffers. given the makeup of the chinese economy, it's perfectly reasonable that you expect china to slow down. rishaad: we know the problems there, but it keeps coming back and fighting it. the authorities are also acutely aware what is going on. i think people get concerned that they are not doing anything about it. >> i'm not sure that you can do a lot about it. all this talk about an intentional pivot away from investment and heavy industry towards consumption and services , you know, i think it's a bit disingenuous,
bad news about china. our view is the chinese economy is fine. it is slowing down as it should. central and dollar economy in terms of nominal output. but do expect that economy to grow at 7% every year is just unreasonable. it should slow at a national rate is something light 6.4% if you use the official numbers as a baseline. -- you know, it is a manufacturing-heavy economy and we are in the middle of a global trade war. tohave been in the last six seven years. as a result, manufacturing...
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Mar 31, 2016
03/16
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next, we will talk china with the s&p 500. china going from negative to stable. ahead of the open, futures black and equities lower in europe and future spot in the u.s. ♪ vonnie: general electric no longer wants to be considered a two big the sale financial company and have asked regulators to adopt that. that was one of the ceos goals one year ago when he decides the sellable co ge's lending business, getting rid of the two would free upbel capital and remove restrictions. china, the outlook for going from stable to negative. s&p 500 says the rebound will move more slowly than expected. the firm says done great could follow. if the company has credits too fast, china's credit rating is aa-. retails the lot from the most in 17 years, sales plunged 21%. the big problem, fewer chinese tourists visited. that is your latest bloomberg business flash. looking athank you, the xp market ahead of the open, futures pretty much dead flats. if you went to sleep this summer 31 and woke up this morning, it as if nothing happened, but it did. matt: a big drop for the retaile
next, we will talk china with the s&p 500. china going from negative to stable. ahead of the open, futures black and equities lower in europe and future spot in the u.s. ♪ vonnie: general electric no longer wants to be considered a two big the sale financial company and have asked regulators to adopt that. that was one of the ceos goals one year ago when he decides the sellable co ge's lending business, getting rid of the two would free upbel capital and remove restrictions. china, the...
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Mar 9, 2016
03/16
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CNBC
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disappointment out of china. i have to say, the shenzhen and the shanghai composite not trading off all that much compared to what they could have. >> yeah, it was commodities that did it. so renewed decline across the complex. it's also the legacy effects of the very admittedly down beat trade data we got for the month of february yesterday. that's still cycling through market sentiment and infecting the tone out here. shanghai composite up by 1.4%. stronger yen hurting the exporters on the nikkei. 17,000 still proving elusive. there were some pockets of strength out here. strangely enough, and i find this a little anomalous, the australian market held up quite well, up by 1% at the settlement. an element of bargain hunting in the market. also, leadership from the financials. profitability remains quite challenging in the current environment for a lot of these aussie corporates. that's going to keep the australian benchmark raised. overall, it was a value risk off day. i think a lot of people are not going to be
disappointment out of china. i have to say, the shenzhen and the shanghai composite not trading off all that much compared to what they could have. >> yeah, it was commodities that did it. so renewed decline across the complex. it's also the legacy effects of the very admittedly down beat trade data we got for the month of february yesterday. that's still cycling through market sentiment and infecting the tone out here. shanghai composite up by 1.4%. stronger yen hurting the exporters on...
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Mar 31, 2016
03/16
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LINKTV
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china is building runways and installing radar systems on reclaimed islands in the south china sea. the country has deployed surface-to-air missiles on an island it effectively controls. u.s. officials have repeatedly urged beijing not to take provocative actions in the south china sea where china has territorial disputes with its neighbors. president obama is expected to convey his stance to chinese president xi jinping on the sidelines of the nuclear summit. >>> japan's prime minister is picking some of the world's sharpest brains on a range of difficult economic issues. gene otani that's the details and a wrap up of all the other top headlines. >>> shinzo abe wants to be well prepared important the summit in may soo he'ss canvassing the world's finest economic minds on a range of challenging matters. he sat down with five experts in washington. he told them the g7 summit has to send a message to the world that member countntries will pu together to achieve sustainable growth for the global economy. abe has been getting a lot of economic advice lately. he hosted meetings in japan
china is building runways and installing radar systems on reclaimed islands in the south china sea. the country has deployed surface-to-air missiles on an island it effectively controls. u.s. officials have repeatedly urged beijing not to take provocative actions in the south china sea where china has territorial disputes with its neighbors. president obama is expected to convey his stance to chinese president xi jinping on the sidelines of the nuclear summit. >>> japan's prime...
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Mar 16, 2016
03/16
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WUSA
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and, he talks constantly about china. now, what china says about trump. the cbs overnight news will be right back. of raspberry ice cream, luscious raspberry sauce, and belgian chocolate. discover magnum chocolate pleasure. i'm gonna take mucinex sinus-max. enough pressure in here for ya? too late, we're about to take off. these dissolve fast. they're new liquid gels. and you're coming with me... you realize i have gold status? mucinex sinus-max liquid gels. dissolves fast to unleash max strength medicine. let's end this. hey spray 'n wash is back...ews? and even better. it's powerful formula removes everyday stains the first time. which is bad news for stains, and good news for you. spray 'n wash. back 'n better. i think we should've taken a tarzan know where tarzan go! tarzan does not know where tarzan go. hey, excuse me, do you know where the waterfall is? waterfall? no, me tarzan, king of jungle. why don't you want to just ask somebody? if you're a couple, you fight over d
and, he talks constantly about china. now, what china says about trump. the cbs overnight news will be right back. of raspberry ice cream, luscious raspberry sauce, and belgian chocolate. discover magnum chocolate pleasure. i'm gonna take mucinex sinus-max. enough pressure in here for ya? too late, we're about to take off. these dissolve fast. they're new liquid gels. and you're coming with me... you realize i have gold status? mucinex sinus-max liquid gels. dissolves fast to unleash max...
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Mar 7, 2016
03/16
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BLOOMBERG
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let's start in china. the government is bolding growcting its economy will 6% annually for the next five years. to help live up to that promise, it is taking a page out of the u.s. tax code. it is thinking of revamping its tax system. it wants to shift its economy away from a reliance on inves consumption.sting income tax refunds would put more money into the pockets of consumers. meanwhile, chinese regulators are stepping up their scrutiny of home loans. they will impose new rules on the practice of taking out loans for down payments. there is concerned that home prices in some big cities are rising too fast. in hong kong, the cells of home plunging.f homes is home prices are down 10% from in september, leading buyers to think they can get cheaper homes if they simply hold out. almost three quarters of economists interviewed think ecb chief -- expectations are high for the ecb to do something again. >> he set the bar high, and he better deliver. he knows that he better at least meet market expectations. s
let's start in china. the government is bolding growcting its economy will 6% annually for the next five years. to help live up to that promise, it is taking a page out of the u.s. tax code. it is thinking of revamping its tax system. it wants to shift its economy away from a reliance on inves consumption.sting income tax refunds would put more money into the pockets of consumers. meanwhile, chinese regulators are stepping up their scrutiny of home loans. they will impose new rules on the...
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Mar 8, 2016
03/16
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BLOOMBERG
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it has largely been on optimism about china and the outlook for china. says look someow prices could tumble as much as 20% over the next year. a pretty good time for bearish bets. let us talk about commodities. the iron ore price. that had a lot of people scratching their heads. i have the chart here as well. iron ore -- a 19% surge is unprecedented. all kinds of reasons have been suggested. we are retreating a little bit from singapore futures coming down. but not retreating all the way back to where we started. are things going on in metals markets? china the sale of narrative as part of their hedge fund trade. short covering there. with commodities, don't forget the subset of hedge funds. trend changes, the load judgments. as you have seen a slight improvement, there has been a huge it short covering from these players. that combination -- that graph is quite extraordinary. anna: we have seen a quite strong rally in oil prices since the start of the year. up above $40 a barrel. that is quite a jump from where we were. mid-20's in the middle of january
it has largely been on optimism about china and the outlook for china. says look someow prices could tumble as much as 20% over the next year. a pretty good time for bearish bets. let us talk about commodities. the iron ore price. that had a lot of people scratching their heads. i have the chart here as well. iron ore -- a 19% surge is unprecedented. all kinds of reasons have been suggested. we are retreating a little bit from singapore futures coming down. but not retreating all the way back...
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Mar 14, 2016
03/16
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CSPAN2
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and access between china and pakistan. china and pakistan had barely any interaction with each other before 1962. but if you look back 50 years perspective, it's 1962 when the alliance between china and pakistan begins. and today that alliance is very strong. they call it the all weather of wind. that's kind of a snob of the united states. we are not all weather. they are all weather. they say it's taller than the himalayas and deeper than the indian ocean. and just this year china and pakistan signed agreements which will lead to $46 billion in chinese investment in pakistan infrastructure. and, of course, it has another dimension, their secret nuclear pollution. pakistan and china have been secret nuclear partners since the 1960s. china gave pakistan the designs for its nuclear weapons force. and today pakistan as the fastest growing nuclear weapons program in the world. faster than any other country. this is also lead to a triangular arms race, probably the most dangerous arms race in the world today between china and p
and access between china and pakistan. china and pakistan had barely any interaction with each other before 1962. but if you look back 50 years perspective, it's 1962 when the alliance between china and pakistan begins. and today that alliance is very strong. they call it the all weather of wind. that's kind of a snob of the united states. we are not all weather. they are all weather. they say it's taller than the himalayas and deeper than the indian ocean. and just this year china and pakistan...
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Mar 20, 2016
03/16
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emily: what about china? this is a question that netflix is being asked all of the time. ♪ emily: there are more scripted tv shows than ever before. there are also more canceled tv shows than ever before. are we in a tv bubble? david: i don't really think so. a bubble implies that there will be a puncture and we will be down 25%. i definitely do not see that. it is possible to not succeed. microsoft, yahoo!, they went in and they went out. they decided after a certain amount of investment, it is not for us. there will be other people and there will be shows that fail. that said, it is robust. the demand is there and the desire is there. we are in expansion mode and i continue -- you know -- i don't feel like we have too much. if you ask a showtime subscriber, they would not say we have too much. they would say, give me another show. emily: is it scary that amazon can make a hit original show? david: anyone can make a show. whether it is a hit or not, we don't know until we know how to people are watching. e
emily: what about china? this is a question that netflix is being asked all of the time. ♪ emily: there are more scripted tv shows than ever before. there are also more canceled tv shows than ever before. are we in a tv bubble? david: i don't really think so. a bubble implies that there will be a puncture and we will be down 25%. i definitely do not see that. it is possible to not succeed. microsoft, yahoo!, they went in and they went out. they decided after a certain amount of investment, it...
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Mar 26, 2016
03/16
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KCSM
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china with singapore. iranian president made a landmark visit to pakistan on friday. this is his first visit to the neighboring majority country since becoming president of iran, a major shia power. the visit comes as saudi arabia is courting islamabad to increase participation in a new saudi-led alliance of mostly sunni nations. they built a strong personal connection with the establishment when the sunni kingdom gave political asylum in 2000. with a large shia minority, pakistan must avoid sectarian tensions and tried to avoid taking sides in the dispute between saudi arabia and iran. pakistan faces chronic fuel shortages and it is important for the country to complete a gas pipeline project with iran on the western border. security in afghanistan remains unstable and the economy is weak. many young people are pessimistic about the future and are fleeing to europe and other regions. >> the eastern city of jalalabad is home to about one million people. this 27-year-old man studied business administration
china with singapore. iranian president made a landmark visit to pakistan on friday. this is his first visit to the neighboring majority country since becoming president of iran, a major shia power. the visit comes as saudi arabia is courting islamabad to increase participation in a new saudi-led alliance of mostly sunni nations. they built a strong personal connection with the establishment when the sunni kingdom gave political asylum in 2000. with a large shia minority, pakistan must avoid...
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Mar 30, 2016
03/16
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BLOOMBERG
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china has cash. >> well, china also, as we were discussing, they may need to lead against capital outflows. they already lost 20% of international shares. they may need to pull some money from their banks eventually, but not just yet. i think they have problems of their own. again, it's not an issue of more cash. there is liquidity. it's an issue of the right structural reform. it's an issue that brazil can resolve. >> he made an important point about fiscal consolidation. there is a sense that the vice president -- it will be easier for the next president to pull together some sort of fiscal package that will alleviate the concerns that investors have about lula. francine: very quickly, in terms of the timeline, we know dilma rousseff is working with small parties to make sure she doesn't get impeached. >> it depends how long she can stay in the game. she will probably dig in, two to three months. francine: thanks very much. up next, taking on spotify and apple music. we speak to the ceo of the french music streaming service. ♪ francine: you are watching "the pulse." let's get to the bl
china has cash. >> well, china also, as we were discussing, they may need to lead against capital outflows. they already lost 20% of international shares. they may need to pull some money from their banks eventually, but not just yet. i think they have problems of their own. again, it's not an issue of more cash. there is liquidity. it's an issue of the right structural reform. it's an issue that brazil can resolve. >> he made an important point about fiscal consolidation. there is...
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Mar 20, 2016
03/16
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BLOOMBERG
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in china. china is becoming a real market for us. as recently as when we were selling ray donovan, we sold it in there for pennies and now, there is a real real interest. it is the first major sale we have made in china. it is significant. emily: can you win the world without china? can netflix dominate without china? david: china has always been a terrible market for american television. heresy is rampant. you know, the movie studios figured out how to do stuff in china five years ago. now they are making real money and i expect there to be a lot of growth they're in the next five years. and i think we have spent a lot of time talking about china. emily: what about apple? what do you think is apples future in television? ♪ emily: how did you get to hollywood? david: i just drove here. emily: in a volkswagen beetle? david: in an oldsmobile. my grandmother's oldsmobile. i came out soon after college. it was actually when i was in scotland. i found a bunch of hard-core film geeks who would have given their right arm to move to hollyw
in china. china is becoming a real market for us. as recently as when we were selling ray donovan, we sold it in there for pennies and now, there is a real real interest. it is the first major sale we have made in china. it is significant. emily: can you win the world without china? can netflix dominate without china? david: china has always been a terrible market for american television. heresy is rampant. you know, the movie studios figured out how to do stuff in china five years ago. now...
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Mar 1, 2016
03/16
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china, oil, politics. he was particularly worried about politics although he wouldn't go into detail. tom: he said, no, we're not going there! michael: and he doesn't know how any of these things will play out, and that makes it hard for somebody who made his living forecasting to forecast. tom: those were wonderful conversations, and we begin with the two topics of the moment. here is alan greenspan on negative interest rate and productivity. >> up to a point, negative interest rates have no effect. why? he goes people are willing to accept, essentially, a negative interest rate to hold the claims of these particular countries. thisis going to change if goes on indefinitely, but things will start to move. we don't know what happens when that happens. michael: is a dangerous, do you think? a dangerous experiment for some reason for banks to be doing this? does it called to mind the beggar thy neighbor policies of the 1930's? >> i don't know if the word dangerous -- but it is clearly nonproductive. to have
china, oil, politics. he was particularly worried about politics although he wouldn't go into detail. tom: he said, no, we're not going there! michael: and he doesn't know how any of these things will play out, and that makes it hard for somebody who made his living forecasting to forecast. tom: those were wonderful conversations, and we begin with the two topics of the moment. here is alan greenspan on negative interest rate and productivity. >> up to a point, negative interest rates...
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Mar 28, 2016
03/16
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chinese tourists arriving on chinese airlines, china's southern and china southern and chinese team, the main to sources, and they spend $5.7 billion, so big spenders as well. if we take a look at another chart, education, an influx of chinese students studying in australia. gainingsee the line steadily year on year, reaching 93,000 last year. universities love these students because they pay full fees. many also by apartments to live in, backed up by their wealthy parents back home. is aof these industries replacement for the void left by the mining boot, but encouraging to see some diversity in the austrian economy. yvonne: what about the dollar and chinese demand? how has that helped in terms of turning around services in australia? paul: the weaker dollar propelling these industries. services, a look at services plotted against mining, services used to be a dragon australia, subtracting .5 -- a drag on austrian economy, subtracting .5%. impact by the low australian dollar as well. we will look deeper into this issue of how the chinese rebalancing is affecting things here in austr
chinese tourists arriving on chinese airlines, china's southern and china southern and chinese team, the main to sources, and they spend $5.7 billion, so big spenders as well. if we take a look at another chart, education, an influx of chinese students studying in australia. gainingsee the line steadily year on year, reaching 93,000 last year. universities love these students because they pay full fees. many also by apartments to live in, backed up by their wealthy parents back home. is aof...
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Mar 7, 2016
03/16
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but china needs a new model. cheap labor costs have been a crucial ingredient in china's economic success. but years of rapid growth have driven up labor costs. and along with the higher incomes and slowing growth, some observers argue china could fall into the trap of remaining a middle-income country. premier li addressed that issue. >> translator: in the next five years, we have to avoid falling into the middle-income country trap and the imbalances and risks are increasing rapidly. we nd to deawith the challenges appropriately as we steer this gigantic economy through uncharted waters. >> so what policy has beijing come up with to ensure this doesn't become reality? >> first off, the government is getting behind industries that make high-end, value-added products. it's also been tightening intellectual property laws to help companies that develop cutting-edge technology. second, it wants to target heavy industries that suffer from excess production capacity. it says it will overhaul so-called zombie companies
but china needs a new model. cheap labor costs have been a crucial ingredient in china's economic success. but years of rapid growth have driven up labor costs. and along with the higher incomes and slowing growth, some observers argue china could fall into the trap of remaining a middle-income country. premier li addressed that issue. >> translator: in the next five years, we have to avoid falling into the middle-income country trap and the imbalances and risks are increasing rapidly. we...
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Mar 7, 2016
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there is not just one china. a slowing china. there are pieces of china that are doing well. segment of the economy lend themselves to command and control types of engagement. there is a lot of opportunity in china. for china as a whole, they are kicking the can down the road. they have these two things they know they need to do. they know they need markets to better allocate resources. on the other hand, the government knows it needs to maintain the centrality of communist party control. those things are ultimately at odds and when you are growing at 10% you can hide a lot of sins but when you are growing at 5%, 3%, it is like what warren buffett says when the tide goes out, you see who is wearing swimming suits. china is facing that and that is why the national people's congress, you see these different impulses. we need to support the market and then they are saying we need to reaffirm party centrality which is why they are clamping down on the media and all these kinds of things which are increasing the number of distortions. stephanie: i don't want to see any chinese --
there is not just one china. a slowing china. there are pieces of china that are doing well. segment of the economy lend themselves to command and control types of engagement. there is a lot of opportunity in china. for china as a whole, they are kicking the can down the road. they have these two things they know they need to do. they know they need markets to better allocate resources. on the other hand, the government knows it needs to maintain the centrality of communist party control. those...
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Mar 27, 2016
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china's slowdown is being overblown. stephen engle caught up with the ceoeffrey and asked of rockefeller and company about china's growth targets. growth, that is very robust economic growth. thes down from the high chinese experienced for many years, but still quite substantial. ,rom an investor's standpoint we watch the sustainability of that level of growth going forward. the leadership in china has articulated a new five-year plan , a variety of economic and other reforms. we and other investors will be watching the implementation of those. the overall thrust from a conceptual and policy standpoint is in the right direction. >> you see an opportunity for increasing investment in china? >> sure. there are always opportunities to invest in china. companies around the world are looking for investment opportunities in china. if for only one reason, the market is so big, largest population center. while it has experienced tremendous growth, it has tremendous open runway ahead. sector under see a appropriate terms and cond
china's slowdown is being overblown. stephen engle caught up with the ceoeffrey and asked of rockefeller and company about china's growth targets. growth, that is very robust economic growth. thes down from the high chinese experienced for many years, but still quite substantial. ,rom an investor's standpoint we watch the sustainability of that level of growth going forward. the leadership in china has articulated a new five-year plan , a variety of economic and other reforms. we and other...
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Mar 30, 2016
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the main transmission channel for china's economic growth to the rest>m of the world, when china slows down it stops buying raw materials. >> rose: commodity prices go down. >> correct. now, china has to stabilize at the sustainable level of growth which mean that china needs to stick to its reform agenda. i don't think china's destined to hard lining. i think china -- >> rose: it's an economic agenda not a political agenda. >> it is an economic agenda but economics and politics are in any system closely connected. >> rose: before i leave that, two quick questions. one the commodity prices÷ demand. what has to happen? is it simply the chinese economy as a principal driver of demand around the world has to be stronger in order to see commodity prices come back up. >> look partially we've got to recognize there was a commodity super cycle which was reflecting unsustainable levels of growth. countries that managed to that knowing it wouldn't go on forever are stronger than countries that thought it was the new normal. we're going to enter a period where if we can successfully increase gl
the main transmission channel for china's economic growth to the rest>m of the world, when china slows down it stops buying raw materials. >> rose: commodity prices go down. >> correct. now, china has to stabilize at the sustainable level of growth which mean that china needs to stick to its reform agenda. i don't think china's destined to hard lining. i think china -- >> rose: it's an economic agenda not a political agenda. >> it is an economic agenda but economics...
