for the full story we've got it for. the biggest issues get a human voice face to face with the news makers on our t.v. . it's now a five thirty pm here in the russian capital of you with our table top stories now . hailed russia's help in paving the path for a palestinian state as top diplomat confirmed the backing during talks with the two recently reconciled parties here in the russian capital. president obama reaffirms close ties with london during his first official visit to the u.k. but behind the smiles and the friendly handshakes there are still strong differences to overcome with the british leadership. plus an international trio

over voyager has landed safely on the catholic steps after spending it six months on board the international space station they will serve back insects which scientists hope will unlock the secrets of how living organisms perform under zero gravity. and more news at the top of the hour the next hour and if you show spotlight and which i'll go off asks an environmental expert what the future holds for resource cooperation between beijing and moscow this is art. hello again and welcome to sparta like the info we show on our trip i'll get all bent very my guest in the studio is see you. in just three decades china's economy has become one of the biggest in the world the country seems to be

producing a virtually everything from start to space and if so why the economic crisis better than any other economy but today beijing is starving for energy and is turning to its neighbors particularly russia for cheap at fifty and if you stopped what does the economic future hold for the tip here is the executive director of the center for international energy and environment strategies super cheap. present preventive services press conference that russia and china will further develop the strategic partnership today trade volumes between the two countries amount to sixty billion dollars but mossman b.g. plan to keep that figure up to one hundred billion dollars a year moscow is looking for new energy markets in asia china is ready to pay. hello soon and welcome to the show. thank you thank you very much for being with us

well earlier this month the brics countries which are brazil russia india china and south africa have agreed at the summit in china to establish what they called the mutual lines of credit in local currencies which but consequences do you think it will have for bilateral relations and will it affect the the u.s. dollar as a reserve currency the world reserve currency. i think that this summit brings. for thing both foreign and not only the bilateral relations between russia and china but the whole emerging power in the world that week or this is loud to polarity the world. in our emerging powers mind i don't think that. other countries they will be agree with this point and the currents over all say

that to some extent i think that the emerging powers in the middle omer new states they want to be integrated more closely with each other and the currency i think the main point and the main content in it and as i know that well for a long time china and the russian government has been having discussing about the currency and especially in the energy field so having this is a big progress in both bilateral relationship we're speaking of the dollar is china interested in picking the dollar up the thrill of being the world's exchange korea . if i regard a seriously your question i think i will give you the answers and know that china. has never been considering about kicking away from the world of finance.

russia and china would never be a living in the world with our dollar but i think that in some field and i mean letting some function or economic field and in some place maybe some regional currency can play i can be playing more important role but if you're still says no good so then why is charlie getting rid. of the u.s. treasury bonds is it along to throw shit to get rid of the balance which oh i think that there is they've got. there they are holding found. some finance i mean and things that they want to make money. i don't get. and thought it it to most of depend on the market the currency and ask the bounce it's real value and. according to the economics from every state

government or event every right thinking about that their revenue from there and what they have been putting into the market and i think that the main idea are so because you know that china has been hoarding such a large amount of. you as a nation and well i think we want to be more multiple lived through one but it is true that some go china is capable the chinese financial system is capable to to change the world if they wanted to i mean to to dethrone dollar i mean they get. straight to do that is that true and i don't know. yet. none of them in the fossil filter i don't think china will have the ability or china will have the will to be. because they like you're sad about the

dollar ok but the united states has been criticizing china for the policy of the cheap yuan for keeping the yuan she would surely continue devaluating its currency in the future. i know where you held it in beijing far from time. in fact their. chinese man has being helpful they are appreciating for a lot when the five. years i could feel it and you can see the exchange rate being. changing for our times. i don't think that china and china are for the china balance their intention of the chinese. and how to say subjectively and lol but.

they are trying to. say to making it. balance the gradual according to it's a real how to free the real power the value yet. china the chinese economy has performed spectacularly even during the the recent economic crisis no truer is. on reentry it's kind of the chinese economy will be reoriented so what will be the new china's economy could grow it is if it's no longer the cheap cheap labor what else what was going to be the two underage. from your question i feel they are very from really going to chinese politics. ten years really restrict their religious reading yes it's a real they were written here you're supposed to be familiar that's where you know

then you're very much. yeah you're you know i think it is the news that that. if they can show another five another five. five year plan requires twelve five year plan. i think that and the year plan and we asked we were studying from the former soviet union but we're continuing to keep it but it's really the plan the real important thing all right colony alive solve all. the restructuring because the way we're helping more move to to give emphasis to the internal political markets consumption in china so we want to. make our internal marketing to grow take more and our our store make more people to become filmy our this is the reason that

last august if you do that that's the word for is the chinese would first will cost more and you will no longer have the advantage of cheap labor. actually really are not enjoying that has a labor distance now. i have been showering explosively so i have investigated for example in a south east sells and market that i didn't find every chinese commodity in for example of the refrigerator are the washing machine made in china they are mating and highland well on mainly in other. countries so that means that there are chinese that the extensive cheap labor commodity. have being moving in international markets so are we helping this chapter in our economy to another to another direction i think is

to trying to be upgrading the living standards of chinese themselves so using their own collaborative well chinese economy was the low the first in the world to recover from the global financial crisis is this report from spotlights you. the media. the factory of the world is just too dependent on foreign trade to stay in news the global economic tribulations a collapse in international export markets in two thousand and nine a china hard some of the factories were closed as a result of fuel use to cope with the downturn the government came up with protective measures like her french will do paula says easing restrictions of the bank loans and increasing credits for small and medium sized enterprises as a result of strict regulation banks in china seem to be less affected by the crisis

the u.s. criticizes china for keeping its currency artificially low to make it steep goods more competitive on world markets fair or not the state control poor assume works china's economy grew by ten percent last year in february the country over to japan to become the world's second largest economy haven't survived the credit crunch trainee's no three still faced with yet another challenge worst crisis in years and a troll disasters to blame a drought tries rivers reducing hydroelectric capacity as shortages are concentrated in key manufacturing regions it may eventually too must slow down in chinese economy growth. for speaking with only two problems this spring has experienced a number of black culture writes the charlotte ari securities news reporting a quote limits on per use age in china caused by assuredly zero tricity may

reduce the nation's who are economic growth by zero point five percentage points and quote what will be shown as government response to the storms the sure to of a are just. as sudden or only the base year our last three years of problem is it has to be on permanent problem from chinese so it sure not only the resources of the elections the generate a generation but it's real and show that the problem of the energy of developing structure in china i mean there the problem has there are two reasons for this sort of problems when it is that you know that china generates for the electricity it's the main mainly from the cold but the china production stench of coal is in.

nasty afton region and that may mean. where else and more much more consuming the electricity is in the north is the seaside so that actually transportation. is a problem from process along transportation frowned nass western region to the east and region. yeah yeah yeah and another thing is because the actress it implies think resistant the magnesium because for for considering the whole people's living standard of government it has been. gaming lots of financial stuff same thing for subsidizing better so the pricing cannot really tell it to fly off the market that is the problem well we'll continue to talk about energy problems in china and. somebody else also just

after a short break everybody that we're talking to you see the cheap lobby is it's the director of the center for international energy and it's environmental standards stay with us that's what life was about. download the official anti obligation q i phone and called touch from the i.q. saps to. life on the. video on demand keys my old girls and r.s.s. feeds now in the palm of your. question on

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welcome back to spotlight i'll get it all been just to remind my guest in the studio today is. the executive director of the center for international energy and environment strategies in beijing. we have been talking. about the problems chinese growing economy starts experiencing with energy well the . true cause. of the disaster with the fukushima nuclear power plant how badly as a defective chinese energy center is a true. china is rethinking its nuclear program. yeah and three i'll be working. for more than half a year during when i was there a way we were worrying about the earthquake and finally as soon as i left

there was a break. but i never see me looking i'm like i saw another thing i says not only. chinese are thinking rethinking about that nuclear strategy but i think most of the japanese they are worrying about the nuclear energy it's a real. real worry but another added fact is that if the whole world where we haven't the nuclear energy that every five day we will have how to use their electricity stop the whole world and yeah yeah yeah bet out because of we we can feel that there how important that new clear energy is for chinese because you all know we're told the whole world where we once held carbon reduction and we want to be energy efficient and to come.

clean energy consumer country so we have a very ambitious our jap object to be using more than renewable energy. in the future we set the target that. two thousand and twenty one and knew about energy will occupy on those so more than twenty five percent of the total and edge of consumption. means. that the nuclear energy will play the biggest the role so with there another ambitious plan is. developing. yet mentioned you mentioned a prole. this is truth to the church anything you say to the pros and coal mostly to do good. if you're moving to clean out of the types of illusion this means

charlie might be interested. in a poet who rushes in gazprom who may provide girls to go to china which is a much clearer sort of as you don't call me me the major interests you corporations are with the russian companies promoting use. yeah yeah they're true grasses are crying crying and i just felt china is i have if i am not make mistake i remember that things too sun six there in china for the first time in part of the natural gas mostly it is it's not a pipeline and natural gas is that l. and g. . so we all know that china's governments both and the russian government of china supposed to governments are held english causing that the natural gas the trading sell that there is. one thing is the price everyone i think in

the world who is interested in an idjit knows that the point but. the topic is there is still going out there so if it china wants to you. as in more and clean energy i think they're getting is that is is their best to try i said i think i know there has been a competition between china and japan for the hearts and minds of the russian intelligence of lines i read i read that the chinese were winning in this combination as they view one or is the competition still on. here think is that chinese are weighing the japanese you are i don't think i think it's if it's not it's not our heart is there they're all weighing i think if i win games. i do hope of that if. because i know there is. a

line how to save their part by part from the main pipeline and the two to japan so i think it's the. three parties way in our thought if a good thing not only for china is not only for russia but also for japanese the chinese have also been working pretty extensively in the arab world and central asia especially in central asia for for probably supplies through this region do you think. you know maybe can produce or pointers doing business and social cohesion. in in one line of because you're in the. allies direction of the institute of russia essential engine and is that your friend is so in my mind that they're way very much clear about the how to say the leading role awful russia in central asia i mean i mean.

this place kind of the realm that means. house in the multipole the corporation. who can be more pushed that cooperation with the child for for for for multiple benefits for order states in the in the region so what the china is doing i think that even that the energy corporation trying is aware with the central asian states we're still helping getting lots of helpful from from the russian for example or your x. ten chinese oil pipeline without the russian oil i think. that oil and the pipelines is transforming and that the oil also some are from russia. own with the two begins those logos asians were russian ensuring

our members were is the sure corporation used to be the shell finds and the other one used to be a brick nodes brit's these two organizations in your opinion are very capable of coping so problems of equally corporation were they could only be used for strategic and security cooperation. in london and that the first of as i say all interest as you said that the farmer that the shanghai fire face and the main way are originally from. difficulty the military and now it has being. chance. forwarding more and more to the trading and their economy so i think. it is playing out only for florida security but also for the economy and also the

culture integrated into range and. but for the breaks. i was burning is more and economically. the russian president and also the russian prime minister have been putting the all trying to attract investments into russians versus informations companies many analysts economic terms like you sell so you that russian companies are considered to be undervalued today so do you think that chinese are ready to invest into russia to come to these intuitions business. as i know there are lots of enterprise of china that's our national companies but most are the private company and they are very much interest. investment.

oh we think that if it's so good cooperation trials and so some people want to have a trial. but also we think about strenuous marketers also are welcoming that that russian companies are to be entering into chinese market to be doing something so we we're part we have a strategy cory's the going out strategy according to most outsiders understanding going out that means china's going out to get something to grab something but it's only chinese to say thing. actually there at the real meaning is that not only going out but also welcome to coming coming that is that is what the real meaning of the going out strategy though when we see going out in russia we mean having fun and. i've been here feeling with profound world you remark thank

you just to remind you that my guest in the studio was. the assistant director of the center for international energy and environmental studies in maine and this is the now from all of this if you interview since pablo we have someone in mind so you think i mean to the next star just drop me a spotlight will do that with the program here in our city and take it thank you thank you rick.

hungry for the full story we've got it firsthand the biggest issues get a human voice face to face with the news makers on our teeth in indonesia multis available in the grown giotto shirts a media photo the ritz carlton hotel and a little photo booth film new millennium hotel in china you can see on t.v. and censored film accounts rocks hotel mccombs.