tv CCTV News PBS April 28, 2014 5:30am-6:01am PDT
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but that's what set the pace of what we did. the dancing at night not at all. prices wide shut. it is. let's get you updated on the search for the missing plane in these three seventy australian prime minister tony abbott told a press conference to get out with angus houston ahead of the joint agency cooperation santa and elf that the search for the missing malaysia airlines jet will be expanded to include the massive swath of the ocean floor then they take up to eight months to research. we are losing
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strong the current size. two i fridays which is focused on searching the irish and four about a much larger area. if everything goes so perfectly i was trying to be doing well if we do it nine months but then you have issues potential issues was whether the potential issues with the palms the usability of the equipment. witness what's happened with that blue thing and then a number of teething problems with it we still baffled and disappointed that we haven't been idle to find on to say break each time. by so nice to take sianz and this is one of the races while we are continuing to deploy the blues in twenty one sub noticeable. it's a time as ambassador to australia mind
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how she held a joint press conference with angus houston st artists such as have found no traces of the missing aircraft boss he vowed to continue searching as each but expressed confidence that debris from the plane will be eventually found skills they indicated that china malaysia and australia will shed the billions of dollars the senate is expected to cost. back to business is good news for china's industrial companies. that's because in just two companies with annual revenues of more than twenty million yen reported improving profitability in march the national bureau of statistics says the newcastle cup they saw their profits things really well with sweet really meant in the first part of the ten point one percent year on year increase. what's point seven percentage points higher than in the last two months of the yet. the nbs said she did last month but took rebound in the telecom industry and said the court heard how light and heat animation and telecommunications equipment sectors also performed well
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the show was a fun has released its me to actually report the asia pacific at the full cost of china's twenty fourteen gdp was placed at the seven ha percent and the bacon mixed into the seventh with three percent that if it does help but point three percentage points higher than last upto this estimation. in general asia is full cost to grow at five point four percent this year and five ha percent next year. shelly and i would lament and in regional but the agency also says won titles but is exerted great influence on regional recovery multiple challenges remain such as other investment critical of china banking analysts on a local government debts. well known american investor jim rogers sees china as the world's next great country because of the medici investment opportunities god has said in an interview in cctv to your visit to changing on monday head to china may be bumpy at times but the country will come out on top. he said banks is normal people things go like yes. there
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are always problems along the way. and china will certainly have profit everybody has problems. i don't know what or when or why the chinese is the next great country in the world china is the next great country well with you have obeyed your toolbar quarter it doesn't matter i'm talking about this century not a port for you. so about the chinese economy are the ones in fact our incumbent senior vp of credit ratings agency moody's said he was about china's economic outlook and debt management our outlook he was involved and we think that the real gdp growth will be between six point five seven point five percent one percent range. both this year twenty fourteen and also in twenty fifty. due to the two big determinants of course are the effect of this. probably the slowdown in credit creation critique of the shadow banking system what effect that will have
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on critically on investment in the economy. the second is the external demand of all external demand. the couple exports remain relatively weak if that's the case that was super pressure on growth when you don't grow between the six point nine to seven point nine percent as its economy slows the last seven years and still uses the large scale each month it's hard to say definitively but i think growth rate below seven percent is probably still manageable. and again this is under the current policy where were the government doesn't move in any way to stimulate growth. perhaps similar to what the state council announced last week these mentors to help investment particularly rare on and off duty would expect more of these mini stimulus measures in the future. not think that with the region of bank credit creation. in order to sustain growth of seven point five percent level. the latest story. and
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as little government debt into debt rates among different provinces would i get a key concerns for people improve transparency will enable local governments to manage your day better in future. the national audit office's report sir stuff. in that direction. another key point is that it's not this year. bernadette the sheer quantity of debt but also the nature of the structure than that we can really determine whether these deaths are sustainable amongst the various provinces and municipalities by structure the debt meaning of whether the dead a short term in nature will turn to teach or target places free market refinancing risk. with the shadow banking system not so much in the banking system and also interest rate risk going to rush out the slicing get tough fight in that country. the g seven meets on monday to consider new sanctions against russia for its actions against ukraine. the new penalties
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are expected to target defense companies controlled by people close to russian president lahoud content the us and european union already have assets phrases and travel bans against a russian individuals and companies accused of playing a part in the so called annexation of crimea the western sanctions against russia and its actions the new craze may do some more damage to the russianconomy. that's cheew trade dls tds the russian g last year oneoint three percent the slowest pace since the global financial crisis the opinion slow recovery played a critical role in russia's slow down and if the eu now come to an anti deals. things may worsen in russia the russian government thinks that a lot of capital outflow could put the economy in contraction oppression they tried to keep the wolves at bay. i came to asia for more training. and speaking of asia japan has seen the fastest lap in retail sales for the last seventeen years. retail sales rose get m in le with than perfect
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expectations as everyone was buying as much they could the full april first the day that the sales tax hike took effect. this is what analysts believe consumer spending will follow in the following month bought become a sea of bounce back in may as fundamentals support the economic recovery. ahh still intact. as a regional stock markets kicked off the trading illegally to the front. yet i feel yen late monday night in a mock reykjavik and i agree with or for what reason it was astounding is how to get the details here. when looking at the latest flare up in ukraine as well as losses on wall street on the list actors stand eight american thriller is monday and the chinese man at my kids. apart from the weak global cues. we fed him again securities regulator now i feel hopeless and you're easy and aiming that my kids nothing less as i passed me on some reason ratty is for the upcoming labor day holiday. adding to pressure is essential and twenty more to quickly add on and
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the steeper the content of the composite index slumped about one point six percent today up by end of trade and daddy spent about two thousand and nine. i was earning good beginning for the earnings had the week some key financial countess have reported us to connect in some of them to china life insurance retreated two point eight percent after putting in more than twenty percent something for squad profits on yet and that's benefiting from some stronger than expected quantity results at the cushion and time is of less than half a percent of its profit rose thirty percent of the squatter and china means and ends up zero point six percent following a fifteen percent profit improvement. and today think about a person read the draft and the change and if to punish this week. the trend to shut up ten percent boosted by news that prescott for the investments from venture capitalists. and this goes to show hide to talk to laura chillin on the dollar up last week was a tough week bombing the kids and today the news wasn't that good
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anyway i better get the details peace. sir as you mentioned really in a tension in the ukraine and fears of a slowing chinese economy are continuing to drive down the index is here an over the weekend state media reported remarks made by presidents teaching piano. he said crowds fiscal and monetary policies would remain unchanged. of course those remarks dashed hopes that more government money would be spent on stimulus measures. also that the downstairs was the announcement as he said the regulator's this interview for companies hoping to ipo in china effectively ending an ipo freeze. this is much earlier than market watchers expected the news field fresh concerns about an oversupply of shares all this the shanghai composite have another very rocky day of trading it finished on one point six percent for the day. the csi three hundred index ended down one and a half percent and also on our eye as i mentioned there was a bright spot today canning china's state owned banking sector
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give us what you tell them that too. really we've seen bank after bank announced that it better than expected performance for the quarter china construction bank today posted a more than ten percent gain in first quarter profits is the country's second biggest listed bank it finished up one percent in trading today. two others have recently beat profit expectations at a cultural bank of china and commercial bank of china. he'd stand about four tenths of a percent today. no really it's ironic that things are hoping time for a wider downturn in the markets. things have long been settled by concerns about bad debts and loans going sour here and lastly the banking sector suffered a bit of an image using as an energy company announced it would be the first title is different to offer preferred shares of course market watchers had expected that privilege to go to ebay. not in the energy for it and that's the news or from shanghai will have her back to you i thank you very much no one or two from shanghai
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to push on it and it was the last meeting it was a teen and teen hunger when that deep today was a mexican state of the serpent four percent at twenty two thousandone hundred and thirty three and thirty two points. index heavyweight and said that technology shut down following the sight of it appears on friday on the stack and how gaming stocks was driving the markets down today however the weakness isn't raining on everyone how some chinese stocks came here including banks and telecom stocks and all things celtic have lost is on ensuring that the h share index things and they don't install point two percent. the concert we had diner on the hong kong for more details to re not one of the trading action scene hong kong and the peace. surely all kong shares continued to trade lower today following last week's losses. tech shares as you mentioned worth it. feeling the heat. among them was market heavyweights hand saying which is the key drag on the benchmark and saying and i was because investors are worried about
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the clampdown on online video that may effect and sends revenues in the future. other tech counters like software provider king soft pinky d internationals were also under pressure. i wasn't so so today we saw modest out we saw a band to join modest dean stadium is the earnings season. china construction bank shares reacting to first quarter earnings for the first time today the state owned lender posted a ten percent increase in net profit thanks to higher interest income and the incoming ended the day two tenths of a percent higher. meanwhile insurers were under pressure to but finally telecoms bucked the market trend in. the so serena i see the csu those who report on the numbers tomorrow when sally bag the probably deliver resilient first quarter results like you feel appears to have beaten market expectations despite worries about high corporate debt and a slowing economy. icc is actually the most highly
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recommended of china's state owned banks according to reuters estimates. that's because a solid long term growth estimates and operating margins of the thirty three analysts polled by reuters twenty seven recommend either a strong buy or a bye for its hong kong listed shares remembering the previous quarter. i cbc posted better than expected earnings thanks to strong interest income shares in hong kong close to ten seven percent lower ahead of earnings back to you thank you very much on ice on the icy continues tomorrow think it adds are in a barren for a steampunk on what you can't get no favors from a strong again today. blue chip exporters were mostly softer today but i'm something of the commanders sported some earnings related gangs to just laugh and could not block the sunlight tennis elbow to get it bought from them strong retail sales in march and the nikkei average closed it down to one percent at fourteen thousand two hundred and eighty points the thing to help train the animals in what i liked
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in tokyo and would like to say so for the coming two weeks. any enjoy it. golden week holiday. now listen to wayne joined the strike comes help you so much sense i company's shares have many reasons to foster that hump that's rarely leave the dollar is on course to its fourth straight day of losses against the yen as tensions are mounting in ukraine and every time the greenback falls exporters here are suffering the value of their earnings made outside of japan is decreasing. the reason why stocks of suggestions to mid twenties makers sharpie patchy or auto parts maker then so that's another example are losing between ad to entry descent. market sentiment is also good bye to this disappointing earnings and forecasts at taking yehuda ben for instance isn't the case of biggest loser today dollars six point two percent the internet portals net income is its own forecast of one a parade to solve and which is yet was a difference the main shareholder falls to one of the senate. another good
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example of disappointing numbers with home top dollar for the hospice and the sun briefly touched a fifty mile slow today and those that profit forecast. well the current fiscal year kenyan well below market expectations as benefits from the weaker yen it starts to fade. japan's third biggest car maker also had to raise incentives. even though the u s home values is his worst performer among the shares of japan's top three automakers living in the commandos as i listened to a diplomat japan guess i haven't come this just sixteen percent. that is after this post wings like chris its broadcast what more have you got for us. well with today's a drug japanese lady is down twenty five percent of the lilies no twenty five percent below its ipo price the stock was this going to be listed just over a month ago the world's number one screen maker for smartphones cut its full year operating profit forecast by
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kneeling at eleven percent of the main reason. and that's because of slower sales. and as a screen prices are dropping in a fairly competitive market as well bucking the trend today mobile phone operator ntt docomo of three point seven percent after the announcement last friday that it would buy back seven point seven percent of its shares outstanding and comment city where we ferried to its clients two percent today that the words second biggest maker of building equipment is said that its fourth quarter profit rose twenty five percent boosted by construction or reconstruction spending in japan after the two thousand amid the earthquake and preparations for the twenty twenty to kill olympics business is good enough to come true glo were standing at two months as mining company customers living nothing can tear my husband's dream for us my friend yuki and just not a token that this will be posted tomorrow for the show one day and before i got a stick of the credit rating because of
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prices have lost five percent since the middle of march. he may still remember the gold buying binge in china from about a year ago. also teaching a staffing crisis one time love affair with the precious yellow metal tangled together in ten overs shoppers crowded around the old counters that icicle department store. dip in prices of attractive says he wants to spend one of my jeans. the vehicle said. if i like the autographs i can see
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it. like jack and i kept the vietnam store stuff says sales of billion up from seed last year prices and now we're making our revenues wrapped all the stores also offer discounts that are more traffic. for instance. i yelled to get the more sweat aging that you want free brand of gold for every ten grams or text tips on the edge to haunt him. in the town was seventeen pounds and a life sentence. my daughter association data show that china's appetite for the precious yellow metal dropped two in the fourth quarter as toto demand for gold reached only three hundred and twenty tonnes the seventeen percent year on year decline. begin cctv things have no what does so well for those that think gold is a solid investment and bought plenty of the precious metal. last year when prices below it is the kind of bargain hunting for gold any different than last. what lessons have been lined beach and gives us some insight. ms moore is a
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retir in page eight of us tia for one hundred grams of gold at three hundred and twenty nine program as investments. while wanting to cash in on her investment last year only to learn that the prices tumbled even the word the sheep eight she was down six thousand won. instead of cashing in the woman bought more goals than the average investment costs. i think the current price level is very good and safe so i want to buy them all. a number of others and taking the same approach to offset their investment and analysts warn that the fundamentals haven't changed and gold prices making forty. maitland reason for gold coins is to fall he continues his recovery in the improvement in the european union increased its courses. this is indeed in whom money is taking a firm stance smaller is coming from the setting sun gold wholesalers save their
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transactions started to fall in march and remained soft in april. the death by a cop owned it since march th all for all sales are coming down month to month. all teams have split about thirty percent. we had a fun compelling investment in gold remains the crowd as mauled by her son chipping away to seattle to partake in some pcs from then on tues. i'm saying drops in gold prices last time around when not generate the same rush to buy as last year. mink and cctv to us now with the american city of detroit is facing yet another scandal. this is the government adds up to the once prosperous cent of the american auto industry when backdrop of the scandal but said the city's made to present the twenty eight years lusty of the latest battle in twelve fifty one has allegedly collecting nearly four hundred thousand dollars in improper benefits was looking to defeat us thirty three current and former detroit city employees have been charged with fraud
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for allegedly claiming four hundred thousand us dollars in new vehicle unemployment benefits while continuing to work full time. the city's human resources department investigation indicates that some of the workers had been collecting extra money since as early as two thousand eight. needless to say detroit residents on the unused the announcement of the city we really can't catch a bus. is that the transportation there's no money for transportation the ceo city workers. you know. basil in unemployment benefits and uganda the mayor lining his pockets and stuff like that surely can be. the scandal resonates with the downfall of former detroit mayor wayne kilpatrick who got twenty years in prison last year after being convicted of racketeering bribery and extortion. the cost taxpayers nearly ten billion us dollars
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