live on the free c-span radio app. >>> at the world economic forum in davos, switzerland, china's president talked about his country's role in the global acade economy. president xi jinping said you can't blame the world's economy on the globalization alone. he's the first to address the forum and introduced by klau klaus swabb. >> it's now my distinct honor and great privilege to introduce our opening speaker, his excellency, xi jinping, president of the people's republic of china. i'm so delighted you can join us in davos and you have accepted my invitation i issued over a year ago. president xi, a very warm welcome to you and your delegation, your high level delegation, for your first davos visit. even a warm welcome even if the temperatures outside are free freezing, your presence here has a very special significance and as the first chinese president to address this audience of political business and civil society leaders, it comes at a very important moment in time, when people are looking for sign posts in a complex and uncertain world. in the past several years, the chines

best," the stories that shaped the year in business across asia. china's economy showed signs of stability even as growth sometimes seemed to sputter. >> i think we have a hard landing in the stock market already. >> the old economy drivers are back in action. it is the new drivers that are stalling. angie: japan's leaders went back to the stimulus well again and again with mixed results. >> we have to continue our accommodative monetary policy. >> i think japan has become this sort of test tube for the rest of the world. angie: it was an eventful year for many asian companies, from smashing successes to corporate crises. >> this is a huge deal. >> it is a combination of one debacle after another. angie: and asia made its mark on global markets as economists reckoned with the region's ups and downs. >> when the leaders say we want 6% growth, they get 6% growth. >> you can't have your balance sheets grow faster. angie: join us for a look at the best of 2016 straight ahead on "bloomberg best." ♪ angie: hello, i'm angie lau. welcome to a special edition of "bloomberg best". on thi

excellency xi jinping, president of the peoples republic of china. i'm so delighted that you can join us, that you've accepted my invitation which i issued over a year ago. president xi, a warm welcome to you. .. for signposts in a complex world, for the past several years, the chinese economy has made impressive achievement, both in terms of lifting people out of poverty and transforming industries to form in opening up. in your leadership, mr. president, channel is also an ever-increasing active role in global affairs. from climate change to reforming the global government, i would like to pursue successful leadership of the chief 20 summit in your presidency last year. today in the world marked by great uncertainty, the international community is looking to china to continue its responsive leadership in providing all of us with confidence and stability. personally, i would like to use this opportunity to thank you for your continuing support. ladies and gentlemen, please welcome his excellency, xi jingping, the people's republic of the country of china. [applause] [speaking in nati

china and senate confirmation hearings. rex tillerson once a stronger presence in asia, does he not? it seems to be putting it out anyway. >> it is not necessarily happening according to rex tillerson. he says the south china sea flashpoint, and china's moves on what has been reported to be weapons on this reclaimed claims -- rexhina illegaln calls those actions and extremely worrisome, of the russia's taking crimea. -by u.s.d by fewest senators whether we should take aggressive action to china, this was his reaction. >> we need to make sure that access to those islands will not be allowed. he mentioned china in any other facets. he criticized china for stealing intellectual property. he said he is not opposed to the trends pacific partnership, which was a cornerstone of the obama administration, in his pivot to asia. rishaad: you think you would be agreeing with his boss in some way. >> she said that he shared some of his concerns. but maybe not in the purview of the state apartment portfolio. he said he had some reservations toward that. climate change, he said that needs to be re

into that. west texas, not a lot of action. said, when you look at the commodities space, china so far the past week or so. ore, thatbber, iron is in renminbi. you get roughly 85 when you do the math, a hedge their against expected appreciation in the chinese renminbi, but barclays says that is a blip. let me wrap things up with a its bestet to extend start to the year since 1983, floods and thailand disrupting the outlook for supplies, could cut supplies by 20% this month. this is shanghai. we are looking at a 9% pop for this quarter, so the fundamental story, but also a party a cross commodity exchanges on the china mainland. rishaad: thank you for that. let's get you up to speed with some first word news headlines. here is sophie kamaruddin. donald china has urged trump to recognize this and sensitivity with regards to taiwan and says it's one china policy is not negotiable. donald trump told the wall street journal he would only commit after assessing beijing on trade and pricing issues. the president-elect said he is not prepared to declare china currency and if you later's im

china's currency reserves slumping by $300 million, the yuan saw a it's a steepest slide into been decades. two samsung executives face prosecutors as part of the undue influence scandal that brought down the president. americansler bows to first jobs policy. looking positive out there, the absence of japanese trading, a public holiday they are, 30 minutes before the start of the session in hong kong and shanghai, the open in kuala lumpur, taipei, and singapore. here is sophie kamaruddin. sophie: a number of markets coming online, checking that space. we are seeing continued gains on the asx and new zealand, and the kospi reversing gains made in the morning. space,look at the data what's happening with dollar strength, resuming strength following the friday jobs report. note, the yield of seven basis points friday. bill gross is expecting a breakthrough to the 2.6% level, pushing it into bear market territory, gross saying the treasuries are at an inflection point. gold edging higher after falling in the wake of the u.s. payroll data, gaining demand for alternative assets, and equi

were 39 died has been captured. china says it will take the gloves off and pursue strong countermeasures if donald trump continues to provoke it over taiwan. i'm kasia madera in london. rolling out the red carpet at davos. xi jingping becomes the first chinese leader to visit the world economic forum. and seeking out the local talent. beijing cracks down on the use of foreign footballers in the country's super league. live from our studios in singapore and london. this is bbc world news. it's newsday. good morning, it's 8am in singapore, midnight in london and 3am in the turkish city of istanbul where police have reportedly detained the main suspect behind the new year's eve shooting at a nightclub. 39 people were killed and 70 injured in the attack. the so—called islamic state have claimed responsibility for the shooting and our turkey correspondent mark lohan has the latest. this is the commendation of a huge nationwide police manhunt that appears to have finally apprehended appears to have finally apprehended a 30—year—old man, as beck national, abdulkadir mashar

big border tax. >>> and a message for washington -- china prepares for the trump era with a major military exercise. and calls for cooperation. >>> japanese government is taking action after a statue of a girl was put up in front of its consulates in south korea. the statue symbolizes those referred to as comfort women and it was installed by a group that supports them. >> translator: the governments of japan and south korea decided to settle the comfort women finally and irreversibly. >> yoshihide suga said japan will temporarily recall some diplomats, including its ambassador and adds high-level economic talksks will b be suspended. tokyo has yet to decide how long that will go on for. suga says it is extremely regrettable japan is taking these measures against what he calls an important neighbor. a spokesperson with south korea's foreign ministry responded. >> japan's actions are extremely regrettable. >> he also stressed the importance of continuing to develop bilateral ties despite any difficult problems. >>> the issue was taken up by japan's prime minister and the american v

director. live coverage on c-span2. >> next, part of china globals tv newscast in their reporting on the u.s. presidential inauguration. this is ten minutes. >> let's check in with victor in beijing. as you heard those words today, give me your sense of where the united states and china go with their relationship. worsening conflicting messages. as one of terry branstad who is the former governor of iowa, the kind of a friend of china the presidents of china. how do you read through all of it? >> first of all i think today's a big day. the united states with a smooth transition of power love former president obama to president trump is a very good reflection of democracy in the united states. i'm president tom trump inheriting all this vision among the american people and he needs to really get on top of that to bring unity back to the united states. between china and the united states and china we don't have any hostility. we do not want to become enemies of the united states. the majority of the united states love american people. we want to reach out to united states. if president

summoned by prosecutors. transpacific tensions, donald trump spake for secretary of state says china must be warned off disputed islands. this is the second hour of "daybreak: asia." just after 8:00 in hong kong. >> just after 7:00 here in new york. we just got the numbers out of japan. we are also waiting for the samsung vice-chairman to come to the prosecutor's office for questioning. this has been a developing story in south korea engulfing the country and all of asia. as you can see, life pictures of waiting for him to arrive to the prosecutor's office for questioning. not a suspect yet, but coming in for questioning. it was surprising that people were expecting him to be called in for questioning, but now he's being summoned as a suspect, leaving questions about his succession plans. if he is prosecuted, what is going to happen with him? there have been years of planning to get to that spot. we will see how things go there. that hearing is underway this hour. we will get you updates later on. gettingt to the markets the japan and account balance. is settinghow asia up for the da

country improving ties with russia and china. analysts say duterte is supporting the rivalry between the u.s. and the two other super powers. >>> and that will wrap up our bulletin. i'm in bangkok. >>> u.s. president-elect donald trump says toyota should drop plans to build an auto plant in mexico. on thursday trump tweeted that the car giant should be slapped with heavy taxes if the factory is built. but officials with japan's largest carmakers say they are going ahead with the plan. he tweeted of toyota's plans. no way. build plant in u.s. or pay big border tax. trump demands a review of the north america free trade agreement or nafta. he says he wants to protect domestic jobs and will impose a 35% tariff on products made overseas by u.s. companies. following the tweet, officials at toyota have told nhk the plant in mexico will be a new facility and is not a relocation from the united states. they say the plant will not cut toyota's u.s. production or workforce and that they are looking forward to cooperating with the trump administration. prior to the tweet, toyota preside

be thinking long and hard apart from china if they don't have assets available to the united states how do we protect ourselves? i think parties are sensitive. i think that is why you see such a prevalence. assuming bargaining position i advice u.s. clients to have a consent to jurisdiction and litigation in a new york court. >> your view is this is working pretty well now the way it is. litigation takes a long time sometimes so it may look like one of our companies are being treated unfairly but people are aware of the legal framework and can guard against it? >> whether a company is adequately protecting themselves may be an open question. whether there is need for additional legal structure to help them i think that is the part i don't get to. i think it is adequate and up to the parties to take advantage of it. >> before we have just as if you can answer later just send us the question about that is in a transactional sense the question of -- and i understand the monopoly issue was a comedy issue whether there are areas where it falls outside of the transaction that there may be

opponents of ours. trump's choice for us secretary of state has hit out at china in his confirmation hearing, calling it aggressive, expansionist and unreliable. i'm babita sharma in london. the taliban release a video of two abducted professors, one australian, the other american, as they plead for donald trump to help free them. 25 years at the top — we've an exclusive interview with one of the world's biggest movie stars, bollywood's shah rukh khan. good morning. it's 9am in singapore, 1am in london and 8pm in new york, where donald trump has used his first formal news conference since the presidential election to attack america's intelligence agencies. he suggested they might have been responsible for leaking a report, which alleges that russia has gathered compromising information about him. the president—elect angrily denied that he was in any way beholden to russia, and he repeatedly criticised some media organisations for spreading what he called fake news. the bbc‘s ian pannell reports from new york. it has been almost half a year since we have seen one of these, a don

the dollar. theresa may gets explicit about brexit. china's president tackles protectionism warning that there would be no winners from a trade war. we are 30 minutes away from the start of the trading day in hong kong. the -- but and take lumpur starting the session. what is going on? one point clear. about the equity markets in just a moment. this will highlight how the sentiment has changed from this time last week. friday, monday and tuesday and that is where we are at the moment. when you look at what sort of investors are buying into it is almost like protection. japan is one of the worst hit in the world. the second worst performing market. dollar-yen pushing toward 112. that is an extreme example but it is what is hitting asian equities at the moment. we're seeing that extend the losses from europe into wall street. waites are up and let's for that to get underway. we saw the biggest drop in stocks since the brexit vote. futures and all things .qual, gold gets bid up let's wrap things up with a look at the markets opening. we have time one and where i am -- thatpore and we h

is a long history and knowledge of u.s. dealings with china, someone who has served in multiple presidential administrations, who is special assi assistant on the office of secretary of defense has worked as andy has and who is the author of the 100-year marathon, a book on china's grand strategy and the approach to global affairs, a book which has been a best seller not only in the united states and not only in japan but has also been a best seller in china. i believe that's chinese trancelation. >> yes, for internal use. >> what other? >> korean. >> and it's culting out 600 meters eggerly awaiting the 100 year marathon when it hits bookstores. michael pilsbury, what he doesn't know about china isn't knowledge. we are delighted to have him as part of our discussion here. the question i will pose to both of you, what are the chinese going to do next when the u.s. comes up with a counter response to a 2r2ad? where do you see them adapting the current anti access denial strategies to becoming the next generation of systems in the kinds of developments that are taking place here? >

holiday today. 1%,ghai index of 1/10 of even with reports that china is in to audit banks to curb the next quarter. 1%, down by 1/10 of $200,000 per ounce. in the contracts in the u.s., it is gaining ground by 9/10 of 1%. study,n the 10 year nude 2.52%. if we have a look at the aussie yield, contraction coming through, 2.73%. certainly a strong rally coming through into equities money out of the bond market. >> we are going to check in on the first word headlines around the world. haad: the pboc ordered chinese banks to control lending afternoon loans surged in january. they're banks lent increase mortgage lending or the rates of outstanding mortgages, at least relative to the fourth quarter. the pboc may punish noncompliant lenders by making them pay more for composite measurements. a rentrak for a record low profit, china's biggest listed oil and gas producer. onm planning this slump drastically low prices for domestic oil and gas. prices are set to rise and have promised crosscutting. that is helping shares in the hong kong session. egyptian ministers saying stocks will not deter i

region. >>> relations between the u.s. and china have cooled in the lead up to next week's inauguration of donald trump. our next story looks at what's in store for the relationship once he's in office. >> reporter: chinese state television issuing a strong message to the u.s. about the region. the country sent out warships including its first aircraft carrier on military exercises in late december. the ship's route included waters around the taiwan strait and the disputed south china sea. the reaction from the taiwanese -- >> reporter: some of the drills coincided with taiwan president's tsai ing-wen meeting with republican lawmakers in the united states. tensions started to rise back in december. president-elect donald trump took a phone call from the president tsai after his election win. it was the first such phone call since 1979. the year the u.s. switched diplomatic recognition from taiwan to china and started to follow the one-china principle. it acknowledges taiwan is part of china. an expert says china's military drills show the country is concerned. >> although the aircraft c

asia pacific region. it will create an opening for china at the expense of american workers. >>> president trump is also taking up the issue of large u.s. trade deficits with japan and china. he has criticized the two countries for engaging in trade practices that he claims are unfair to u.s. manufacturers. trump was speaking to corporate executives. he indicated that japan and china are making it difficult for u.s. firms to sell their products in their countries. >> we sell a car into japan and they do things to us that make it impossible to sell cars in japan. they sell cars into us and they come in like by the hundreds of thousands on the biggest ships i've ever seen. we have to talk about that. it's not fair. >> trump added he will lower current taxes from 35% to between 15 to 20%. he said he will aim to cut regulations. he stressed again he will impose a border tax on goods produced at factories that have been moved out of the u.s. american business leaders welcomed trump's plan. >> the president is very, very serious on making sure the united states economy will be str

opening speaker his excellency president of the people's republic of china iso delighted you could join us here and davos with the invitation night issued over one year ago. president xi a warm welcome to you and your high-level delegation to your first davos visit even if the temperatures outside are freezing by your presence as a special significance and as the first chinese president to address the civil society leaders to come on as an important moment in time so to make impressive achievements to of the industry's to reform and open up. under your leadership there is an ever increasing of global affairs from climate change and i would like to congratulate you to be marked by great uncertainty into continue the responsible leadership with confidence and stability. thank you for your countries continuous support of civil reform. ladies and gentlemen, his excellency xi jinping the president of the people's republic of china. [applause] translator: for the state and the government at bbn your sponsors, head of international organizations organizations, ladies and gentlemen and indiffer

the election. asian markets also signaling some caution. some jitters ahead of china's latest growth numbers too. the expectation is for another solid performance. and alibaba becomes an olympic sponsor, signing what is said to be the biggest deal in the games' history. this is the second hour of "daybreak: asia" live from bloomberg. i'm yvonne man in hong kong. a lot of big things happening in the next few hours. 7:00 p.m. here in new york. i'm betty liu. the world watching very closely the inauguration and the proceedings that will be happening in washington, d.c. starting tomorrow morning. as we mentioned at the open, it looked like asian markets are a little bit spooked by >> we saw. yvonne: they are treading water right now, which is no surprise, leading up to donald trump being in.n also looking ahead to fourth-quarter gdp out of china. it looks solid from the headline figure, but you have to lift the hood to see some of the in. murkiness when it comes to the outlook for 2017 and further. in the meantime, let's look at how the market open is shaping up in tokyo and seoul. here'

reports china is flexing its muscles over south korea's decision to deploy a us ballistic missile shield. it says a chinese government official has visited seoul, threatening south korean companies by saying their business in china could suffer. the international new york times writes about how china is investing heavily in the beautiful game. it has the world's biggest football boarding school, boasting 48 fields, and the country's offering multi—million dollar contracts to top players. sushi anyone, or everyone! 7 the japan times has this enormous fish and its flamboyant owner. the sushi restaurant owner nicknamed "tuna king" has paid over $600,000 for this 212 kilogram blue fin tuna. joining us is justin urquhart stewart, director of seven investment management. good morning. good morning. we will get onto fishy matters later. let's start with donald trump and his continued scepticism despite the fa ct continued scepticism despite the fact these intelligence people keep appearing to say they are quite sure something happened. this will be fascinating. disputes have to appear.

prices. anchor: there is a guilty plea and a $4 billion fine. anchor: china car sales accelerate to their fastest pace in three years. preparesresident obama to bid farewell. this is the second hour of daybreak asia, coming to you live. i am yvonne man in hong kong where it :00 p.m.. i am betty liu. it is the start of congress being back in session already. we are seeing fireworks down washington, -- in washington. a lot of market watchers are staying on the sidelines and saying, we are not that far from the inauguration. let us he would happens before we really start buying into the market. the flat market today. yvonne: a little bit of jitters ahead of that media press conference of donald trump later on in the u.s. for you guys as well for the inauguration day of january 20. let us see what is kicking off in the asia open. looking pretty good so far, sophie. people we are seeing waiting to see what he says at his press briefing since the inauguration is one week away, but given what we have setting the tone for the day, asian stocks looking marginally lower here after we saw the

technology. in fact, as china doubles down acquiring foreign technology companies and taking their know how is a core tactic. i think it's very important to differentiate that between other companies that would come in and buy our firms or vice versa. chinese strategy in some of these cases is not about that, it's about taking technology. so i think we should be under no illusion that this is a long-term strategy for them to surpass us and to either destroy their market share or put them out of business. what do we need to do about that? we need to have a knew answered approach here. i think it would be a mistake. we need to differentiate the kinds that are in our interest and the kinds that are not. i would argue we need a much more investment review process. acquisition investments designed to get and take our technology. it has been pretty good on that. i think it needs to be improved. we would recommend a number of improvements, one being extending staff, extending the time to review on deals on countries like china where there is a significant state backing. mandatory notification of d

and surprising promises about obamacare. >>> plus, some push back. china steps up its criticisms on it trade, calling him an amateur and super arrogant. >>> welcome to our viewers here in the united states and all around the world. i'm rosemary church. >> and i'm george howell. newsroom starts right now. >>> it is 2:00 a.m. on the u.s. east coast. we begin in kyrgyzstan. a jet crashed in a village and killed 37 people. we know children were killed as well. it crashed near the country's main airport. >> this video shows the crash site. and you can see some of the debris there, as well as rescuers on the scene. >> following this story, cnn's ian lee is live in istanbul turkey, gathering details, what more do we know at this point when that plane and what might have caused this crash? >> reporter: well, george, when you look at the pictures of the wreckage, you can see that there was heavy fog at the time, and that could have played a role in the crash. something investigators are going to be looking into. this was a boeing 747, operated by act, which is a turkish cargo company crashin

to study the trade relationship with china and assess damage from other, quote, unfair tactics. alex, we know the pledge has been to unwind the trade deals and this might not be the last. the president a countless to campaign promise. he said he would end our participation in the tpp and decided he's a paper this morning double do it. it will not be the last one. soon to come is nafta. the press secretary reiterated, he is not a fan of the deal. we expect him to give notice to canada and mexico soon that he intends to renegotiate nafta. proposed secretary said he would look into the relationships. how is the rest of the world racing themselves? these two moves, nafta and tpp, were well telegraphed. i don't think anybody around the world is surprised. countries like vietnam and singapore were disappointed and hoping trump might reconsider, but i don't think they should be surprised. the reaction on capitol hill was interesting. the first statement in my inbox came from republican senator john mccain, who just ripped trump. he is a free-trade proponent and said this is a mistake and wi

china is all too willing to step in to and to film and we see this happening. we saw it happening as you mentioned in daf os. we see it happening across the region where the countries are saying if the u.s. is not going to engage, show leadership as it did in the context of ttp, then we're going to have to line up behind china. >> we close this evening with richard haass, president on the council of foreign relations, his new book a world in disai ra, american foreign policy and the crieses of the world orld. >> i think the real alternative to a u.s. lead world is a nobody lead world. increasing disarray, countries leak china might have a large role, countries like iran, turkey or israel might have something of a role in the middle east. russia, germany and europe. so it is a world of local powers but more than anything it is a world of growing disarray or worst yet, also at times a world of chaos. >> mexico, trade, tariffs, the wall and foreign policy when we continue. >> funding for charlie rose is >> rose: funding for "charlie rose" has been provided by the following: >> and by bl

happen to said to- if mexico united states we will sell that stuff we were selling to you to china or another market? michael: companies would have to find new markets for their products. the broader issue is threefold. it's the risk of retaliation. it's the risk of imitation, mexico or other countries saying well, if the their tradelate agreement, we can as well. purchasingworld powers outside the united states. we need access to those markets to support jobs here. thirdly, its taxation. when you raise tariffs, you are imposing a tax on the consumers those imports. low income americans spend a disproportionate amount of income on tradable goods, clothing, footwear, food, so you are raising the cost of the people least able to afford it. .harlie: take the tpp why was the good for the united states? good in well, it was many respects. by all economic analysis, it would have added more than $130 billion to the gdp, increased exports. charlie: how? michael: by opening our market to other exports. we don't use regulations as a disguise barrier to trade. other countries have higher barrier

small business pan american agriculture products with comiena. we think china and u.s. relationship should be friendly and do better. gary: could this relationship between trump and jack ma have an impact on the business dealings between the u.s. and china? china. trish: what do you think of this move for jack to be in there meeting with donald trump? >> i think alibaba has big plans for the u.s. and i think it's an opportunity for him to start at the top and begin that relationship he has been eyeing for a while. trish: he needs a good relationship with the president of the united states. >> i think it has a lot to do with sending a signal to china. i think jack ma's relationship with china is every bit as affected by the dynamic with trump as well. gary: what signal are they trying to send? >> i think accommodation, relationship, working together. there isn't going to be an adversarial piece. particularly given trump's relationship with the traditional silicon valley. it showed an indication was looking to be in a different footing. gary: the president-elect has talked about china

faces 16 charges, and he intends to the guilty. the continued adoption of bitcoin in china and india has helped bring the digital currency to an all-time high. 1140 dollars and $.64 on wednesday, beating out every other currency, stock index, and commodity contract as an investment last year partly due to its popularity and countries that have capital or currency restrictions. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: thank you very much indeed. for depositinge 500 and 1000 rupee bills passed in december, now all bannned notes have been deposited in banks. we will look at what this means for prime minister modi and his anticorruption drive. saidrendra modi has banning the high denomination notes of 1000 and 500 rupees was to crack down on black money, unaccounted money, counterfeit currency in circulation as well, but you have seen a lot more money being deposited in banks than the bank initially thought, which means there is less of this dodgy money hanging around in the system. thanks receiv

. sharyl: in short order, what do you think president obama has wrong, if anything, related to china? peter morici: he stood by while china built the islands in the south china sea and militarized them. he has tried to make china back down on currency and trade issues, but when the chinese stand firm, he's flinched. sharyl: what is it you advise president trump to do? peter morici: bite the bullet and put up with the criticism and perils and put china back in its box. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] ♪ sharyl: welcome to "full measure." i'm sharyl attkisson. the new republican-led congress was sworn in this week and one priority was clear -- doing away with obamacare. the promise of the law was affordable health insurance for all. but for too many, the hard unaffordable premiums, and huge out of pocket costs. we've covered the pitfalls since our beginning here on "full measure" and, today, we begin by reviewing what went wrong and the prospects after obamacare. it was a popular e

i'm rico hizon in singapore, the headlines: china replies to donald trump and tells the us it's not needed in the south china sea. grave concern, the head of the un criticises israel's plans for 2,500 more settlement homes in the occupied west bank. i'm babita sharma in london. fans of sumo celebrate. for the first time in almost two decades, japan has a home—grown grand champion. the oscars shortlist is revealed, and the winner of the most nominations ever received is la la land. live from our studios in singapore and london. this is bbc world news. it's newsday. it's 9am in singapore, 1am in london, and 9am in the morning in beijing where china has warned the united states that it won't back down over its territorial claims in the south china sea. on monday, donald trump's spokesman said the united states would protect its interests in the region, a shift from president obama's more neutral position. but a chinese foreign ministry spokeswoman said china will safeguard its own rights. our china editor carrie gracie reports on the growing tensions. there are three key flashpoints

shooting has been captured. 39 people were killed in the new year attack. china says it will "take the gloves off" and take strong action if donald trump continues to provoke it over taiwan. i'm kasia madera in london. rolling out the red carpet — president xi jinping makes his first appearance at the world economic forum as china goes big in davos. seeking out local talent — beijing cracks down on foreign footballers in the super league in a bid to cut costs. good morning. it's 9am in singapore, 1am in london and 4am in the turkish city of istanbul, where police have reportedly detained the main suspect behind the new year's eve shooting at a nightclub. 39 people were killed and seventy injured in the attack. the so—called islamic state has claimed responsibility for the shooting. our turkey correspondent mark lowen has the latest. this was the culmination of a huge nationwide police manhunt that appears to have finally apprehended a 30—year—old man, uzbek national, abdulkadir masharipov, believed to be the main suspect behind the istanbul nightclub attack. in the aftermath

maybe the last couple of days are having an impact. rishaad: now, retailo china prices, there we go. gp, looking atl 6.8% for fourth-quarter gdp, better than expected. retail sales, industrial production, painting a picture of that chinese economy, and tom mackenzie in beijing. number, the full-year gdp number four china is 6.7% for 2016. the fourth quarter number surprising to the upside, up 6.8%. that full-year numbers squarely in the middle of the government's growth target. said, more data points as well, industrial production came in up 6%, full gear. corridor, 6% versus estimates of 6.1%. retail sales for december up 10.9%, beating estimates of 10 point 7%. ,ull-year 2016 up 10.4% suggesting china's consumers remain relatively bullish. wage hikes are starting to come off and there is a question of whether curbs on property prices will drain money from chinese consumers pockets in the months ahead. fixed asset investment came in up eight point 1%, marginally below the estimate's of 8.3%. fixed asset investment, we will break it down to see much how much a private sector played

. putin either face to face in china or overseas that putin says, i'm not doing that again? >> there are different stages to this. we have retaliated and responded in a serious fashion and we've said from the outset that we' respond in a manner and a time of our own choosing and not all of it may be evident to the american people. >> rose: but it has begun? it has begun and, in fact, a significant element of it was announced at the end of last month when the president sanctioned the russian military intelligence and other russian intelligence agencies and their leadership for their direct role in trying to involve themselves in our election. he also expelled 35 russian intelligence officials, closed down two very valued facilities that they operated in the united states, put out in great detail the forensics that showed how russia conducted these attacks, and a variety of other significant steps. now, charlie, you mentioned china, and back in early september, as we were beginning to see indications of this, the president did convey a very forceful message to president putin. and it's our

day one i'm going to name china a currency manipulator. but he is not delivered. instead, he issued an executive action withdrawing from tpp. now everyone knows tpp was dead, it was not in existence so withdrawing from tpp did not create a single new job. in change, it did not change anything in the world of trade and all of these companies that took advantage of us. how many new jobs did the president create yesterday? by saying we will not do tpp? none. zilch. if president trump is serious about bringing jobs back to the us he could immediately on his own, without congressional action label china a currency manipulator. if he is serious about bringing jobs he would support by america provisions.and he would back our new trillion dollar infrastructure bill which we announced earlier today. and, he would convince republicans to join him on those issues. they have opposed them in the past. china does whatever is best for china. even when it hurts american jobs and workers. we have seen that. and you can be sure, they will keep manipulating their currency until we take strong action.i

the inflammatory note seven issue in the last quarter. donald trump locks ones with china saying it will retaliate if the tycoon launches a new trade war. the message received and understood after a rival came in for some criticism. we've got this surge when it comes to the chinese currency, the yuan. forward, the employment report all-important for the federal reserve. all of this to be digested. >> that drop in treasury yields, about 2.34. we seen a lot of movement on friday. this is ahead of the jobs report later on tonight. markets here across the asia-pacific. we're looking at a mixed basket. i do want to know that a lot of these markets are session highs or session lows. that, we watch it every day. that,ason i'm mentioning have a look at the offshore. a big spike down yesterday. are seeing the weakness push up to about 6.8%. hit 100%ight rate yesterday. closed 60%. look at where it is. i checked, it was 105% on the overnight deposits. the overnight deposit grid for all here in hong kong. 5500 basis points. other things and want to mention, the trade deal. 7335, just about fla

. >>> trump tweets. the president-elect taking aim at china on the same day we're expecting his big trade nomination. >>> and ready for takeoff. spac spacex pilots its first launch since its september explosion. it's january 3, 2017, and "worldwide exchange" begins now. ♪ >>> good morning. very warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost along with seema mody. good morning to you. >> good morning to you. happy to be here. >> let's get to the global market action. 2017 has started on a positive note. last week was a little bit lackluster, 2016 fizzling out. we saw about 1% of declines for the week as a whole. big gains, though, for the year as a whole. the dow ending up 13.4%. the s&p 9.5%, the nasdaq 7%. so seven positive years in a row for the dow. let's look back at today's futures market. they are called higher today. we have a general risk-on trade. u.s. futures expected to open very prominently higher. the dow called higher by almost 150 points. ten-year treasury note for you as well, quick look at that, had is at 2.496% this morning. not too much movement

hello, everyone. the headlines: beijing hits back over the south china sea. we will protect our sovereignty, it wants the white house. and growing tensions over market access. a big shift in views of formula one, the sport boss is ousted and called a dictator. and back on the top of the national sport. live from our stooges in singapore and london. this is bbc world news, this is news day. —— our studios. glad you could join us. it is ait atm in singapore, ate in the morning in beijing where china has warned the us that it will not back down over its territorial claims in the south china sea. donald trump said the us would protect interest in the region, a shift from president obama's position. china editor reports on the growing tensions. there are free key flashpoints between the us and china — trade, taiwan and the south china sea. the last two involved the risk of military confrontation between a superpower and one of the fastest growing global powers. the south china sea, one of the busiest in the world, and won several neighbours have competing claims on. the us is g

. we'll look at what 2017 will bring. >> china's factories and services closed out the year robustly signaling growth is strong enough for more economic reforms. >> and testing times. cross rate tensions continue to rise following the taiwanese leader's phone call to the president-elect in the u.s. >> and disappointing data. singapore is expected to post a slower growth of any economy in asia this year. >> happy new year. this is daybreak asia coming to you live from u.s. edge asia headquarters. i'm betty lu. >> it's just on 7:00 a.m. here in hong kong. es, happy 2017 to you all. a lot to look forward to, betty. betty: indeed. it will be starting off with a big bang essentially with president-elect donald trump taking office and a lot of people wondering what he promises is going to be what really pans out. that is going to be a lot of the conversation going forward n the next 6 to 12 months. shery: yeah, betty at least when it comes to global factories, manufacturing has been doing well and ended 2016 on the high. we had china's stablizing p.m.i., manufacturing data, and this mornin

region, what will trump's approach to china policy look like? tensions started to rise when trump broke with tradition by receiving a call from taiwan's president. he also questioned the one china policy. the principal considers taiwan a part of chinese territory. >> i understand the one china policy but i don't know why we're bound by a one china policy unless we make a deal with china. >> steven yates say former deputy national security advisor for the administration of george w. bush. his take. >> he's looked at a power balance that's gone in china's favor and. >> china is dictating trade and what words americans are even allowed to use so i think like a business man he's entering into this conversation intent on negotiating a better position for the united states first by saying he's not accepting these conclusions that lead us where we are today. >> he'll seek to change the conversation with china. >> they live today based on a robust economic relationship with the united states they live today as a dominating non-democratic party run state because of economic ties with it's neighb

, often critical of china. his inauguration address, he did not mention china by name but did make references to certain policies on economics and the military side. china of course has been very impressive for us and its criticism of some of the picks of the calling it the rates wall of protectionism, peter navarro, robert light heiser, who has been critical of the chinese currency policies, and also wilbur ross, who at his confirmation hearing said china was the most protectionist major country, then rex tillerson, secretary of state nominee who has been critical of china's expansion in the south china sea , so a little bit of an all of branch coming from beijing. newspaper?ut the china in the last week has made statements about improving iness for foreign investment areas long closed like banking, insurance, mutual funds, and elsewhere. they are sending signals may want to do business with china, but the geopolitical issues are more touchy. seem theit does language has been far less compromising when it comes to taiwan. >> not compromising at all. rishaad: exactly. and taiwanina

it? i'll talk to the magazine's editor. >>> china, washington's new foe, and russia, america's closest buddy? how will president trump order decades of precedent in these two critical relationships? we'll discuss it all. first here's my take. on friday we heard something unusual, even unprecedented in american history. we heard the newly sworn in president of the united states deliver an inaugural address that was an exercise in undiluted pessimism. his description of the country he now leads is vivid. american carnage. it could be the title of a gangster movie. trump's advisers like to compare him with jackson. jackson's first inaugural address was low in comparison. there's no precedent no matter how grim the reality who has chosen to begin his term in office in dark tones of despair. in the midst of the great depression franklin roosevelt told the nation they had nothing to fear but fear itself. with a horrific civil war still in its last throes, lincoln said let us strive onto bind up the nation's wounds. with unemployment at 4.7% and crime rates down to a 20% low, donald t

won't happen. trump also had strong words for north korea's neighbor. china has been taking out massive amounts of money and wealth from the u.s. in totally one-sided trade but won't help with north korea. nice. well, north korea has been working to improve its missile capability. the country conducted a fifth nuclear test in september. >>> cnn has reporters across the region. saima mohsin, let's start with you. how can president-elect donald trump be so sure that it won't happen, referring, there, of course to north korea's leader kim jong un threatening to fire an intercontinental ballistic missile. does mr. trump know something we don't? >> reporter: yeah, that's the big question, rosemary. of course president-elect does have periodic intelligence briefings according to his team, so is he privy to information that we don't have? we're not sure about that. maybe he'll reveal that in the days to come. but it's important, of course, to assess what we do know about north korea's capabilities. is he referring to the fact that we don't think that they yet have managed to miniaturiz

work with the president to fix trade ties with china and promises to target unfair tactics and engage the damage of fx damage. he warned an excessively strong dollar could hurt the u.s. economy in the short term. samsung has announced it will buy back nearly $8 billion in shares. fourth quarter profit doubled to nearly $6 billion largely due to rising prices for memory chips and tv screens. samsung was not badly burned by the note 7 fiasco. powered by more than 2600 journalists and analysts, you are watching bloomberg. let's get a check of the markets. live trading after the u.s. pulled out of the tpp. the hang seng and shanghai composite are firmly positive. we are seeing the equity markets pinch fromeling a the stronger dollar. ♪ caroline: this is bloomberg technology. coming up, tpp gets the ax. why trump is dropping america's bilateral trade deal and what it means for tech companies. yahoo's fourth quarter revelations, and the verizon deal is still in play. the sleepless side of the uber side hustle. it is proving costly for some workers. first to our lead, president trump begin