and it's also considered a gateway to mainland china. gaya is trying to target young women in china by making the show available online. and that idea is appealing to japanese business executives who want to sell their products overseas. one recent show introduced a scooter as a kind of fashion accessory. the company that made the scooter saw it as a strong advertising medium. >> translator: we're hoping the show will give taiwanese people a better chance to become familiar with our product. >> translator: the show can be used not only to promote products, but it could also fill a variety of other roles. >> reporter: japanese business executives are faced with a shrinking market at home, so they're exploring ways to make inroads overseas. tying up with the entertainment industry may be a good way to start. >> okay. that is going to do it for business hour. let's get your check of what's happening with the markets. >>> officials at a prominent japanese research center have given their final word. they've told a scientist accused of falsify

facebook is available outside of mainland china in hong kong where it caters to chinese businesses hoping to reach international users with ads. on the other side of the spectrum-- it's national small business week. and a new survey reveals the best cities for companies with fewer than 250 employees. based on starting salaries, revenue and growth. minneapolis, minnesota ranks at the top, followed by salt lake city, utah, and miami florida. augusta, georgia, modesta and stockton california were last. a report accuses the irs of improper payments. the treasury inspector general finds at least 13-billion dollars in tax credits were sent to people who did not qualify for them. earned income tax credits-- meant for low income families, are often abused by those who do not qualify. the irs says a major review of the situation is underway. the tab for snap-- the nation's food stamp program is estimated to be $24 billion lower than expected over the next decade. the congressional budget office lowered the estimate after revising how it calculates the average monthly benefit amount. the united sta

freewheeling kept it up is a new council did the chores aren't in the polls said to the pot from mainland china but all commemorations of times. last night and the china unveiled its bloated sense of economic and social reforms in nearly three decades relaxing its one child policy. but the freeing up markets in order to put the world's second largest economy on a more stable footing the brazil hosting this year's football world cup local soccer fans to bounce me has turned his home into mini trophy factory for the beautiful game making the cuts are necessary to replicate football's ultimate prize. this home has become something of a shrine to crystal's two biggest passions of fall and the catholic church the forty six year old brazilian sports and has a strong belief that the joy of having a peek their world cup trophy to be experienced in more than just those on the playing field. when you finally we will manage to produce something like thirty thousand to three thousand try fees for the brazilian people of the world. anyone that's enough with some of these guys get it ready to go having expla

those from mainland china rose mar than 90%. the officials think the trend will continue in may.hey'll step up efforts to get more people to visit japan this summer. >>> more and more of what people do every day gets tracked and then stored in databases. most of that information is never seen again. but specialists in south korea are tapping in to big data, and they're finding some big benefits. here's nhk world's anna jung. >> reporter: it's 2:00 a.m. in seoul, but this bus is crowded with people heading home after work or drinks with friends. the city night owl service of 44 buss from midnight until 5:00 a.m. about 6,000 passengers use it. the city government wanted to make the service's nine groups more efficient. so it decided to employ big data. the government began working with a major telecom company. at the company's data center, information is gathered around the clock from base stations throughout the country. >> based on cell phone conversations we can figure out how many people there are and when in a certain area. >> reporter: the company used the data collected from

the school took the unusual step because one in five students there are from mainland china.tional students at american colleges has gone up seven years in a row now. next up, calling all tourists, the millions states pay to come up with catchy slogans. s states pay to come up with catchy copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does br

is key for facebook to be a to cater to the and open up a sales matt miller -- network within mainland china. sellg chinese companies through ebay overseas, i think that is what facebook is trying to grab a little bit of the business from. in, butook cannot get they can get money out of china. i wonder if this shows the power that is this is haven't china with the chinese government. whether they are able to get chineseeight on the government to allow facebook to allow them to use the tools to their advantage. going to see as more and more chinese companies, as they harbor ambitions to be global players are going to push the chinese government to sort of re-think their internet policy right now. the policies of censorship and banning certain sites are definitely hurting a lot of chinese companies. being able to generate revenue, if you do not know how to use facebook or twitter, how are you going to be able to penetrate the american market and get close to american everyday users who use facebook four hours a day? there's going to be more domestic push toward the government for reform, but t

of the 89 offices are outside of mainland china, or 18%.ent is fundamentally a marketing document. they have made no mistake about it. they are selling stock. they are putting weighs in here to try to sell stock. other things required are the risks and so on. they will do everything possible to suggest that they could be a much bigger company than they are today. >> as i mentioned before, we are hearing this could happen over a matter of months but the markets are going crazy. twitter ended the day down 18% after the lockup expired. how do you expect ali baba to fair and these market conditions? reasons to sell, only one reason to buy. who knows all the reasons of the insiders decided to sell today. it's reasonable to suggest a lot of insiders could not wait for the chance to get out of the shares they accumulated. straightet is not just up into the right anymore for technology and that may be signs of a healthier market in general but tougher for alibaba to sell this thing. away.nmate, go it may end this deal will probably come out sometim

he said, if i am going to make an imprint on the world, i need to go to mainland china.s 1979. if you remember what an outrageous idea it was, even to make contact was illegal at this point. on top of it, china was poorer than north korea per capita. imagine that you could your future in china was a radical idea. he said, i need to get to china. the way he was going to get to china was by defecting from the army and swimming to the mainland, which was only about a mile. but it was dangerous. if he was caught, he would be shot on sight. much time did you spend with him? >> i interviewed him many times. he changed his name when he got to the mainland and has turned out to be a prominent figure. he became the chief economist of the world bank, which is amazing when you think about what his life has traversed. his life was a kind of metaphor for this period. day at ap on a certain certain hour of his choosing and decided, i am going to change my life. he left his wife and his children behind in taiwan. they eventually reunited. when he came to china, he became one of the fir

adam: jo, you lived in main mainland china and you understand the social differences between the waye live in the united states and the chinese. how much of an insult and how dangerous is what the government has done publicly for future business relations? >> well looking at it, this is certainly unprecedented as we've talked about but this is, it is kind of exactly what the chinese should be expecting and their response is exactly how u.s. diplomats are expecting them to respond, saying we're not going to acknowledge this, this is not true. so they're protecting a nationalist front as they wont to do in any controversial situation involving dalai lama or businesses or hacking like this. it definitely seems like the u.s. is willing to risk the relationship that president obama has with president xi, even though carney, the press secretary said look, this is priority. they already discussed this in their many discussions there. is risk there that will be a step backwards. adam: liz, i will give you last word. don't american businesses spy on american businesses and steal information f

. >> facebook says it may consider opening a sales off in mainland china to provide support to local tomers overseas. the company was exploring ways to provide even more support locally but would not say how soon it plans to be in china. they currently have a hong kong sales office with a staff of 30 or 40 that deal with advertisers locally in mainland china. >> all right. i feel bad for that family. if you settle with the company, doesn't the company -- doesn't it settle any and all claims. apparently it doesn't. if they're foggy to fraud. >> the company would have to think defensively about could we uncover any other issues relating to this incident. at the time maybe they thought this was an unfortunate situation. we have identified very in a finite way what our risk is in moving forward. these new documents uncovered, maybe they couldn't anticipate what the risk would be. >> you don't own a car. and i want you to buy a tesla. and then if something goes wrong, i'm still not convinced it's just lobbying for the dealer network. would five states insist on just for lobbying money. >>

a marine official said the 320-foot cargo vessel was carrying cement and was registered in mainland china. a command center in guangdong province in china is coordinating the search and rescue effort. the oscar pistorious trial starts again after a two- week break for easter. pistorius arrived at court today in south africa, for day 26 of his murder trial. he admits shooting and killing his girlfriend, reeva steenkamp, but he says he mistook her for an intruder in the middle of the night. the defense plans to continue presenting its case over the next two weeks. the judge will then collaborate with two experts before making a verdict. the san francisco giants currently own the third- best record in the majors. brandon crawford homered twice and had three rbi's in the giants' fifth straight victory. final score 4-1 in atlanta. madison bumgarner allowed an unearned run and three hits while striking out nine in six innings to help the giants. yoenis cespedes drove in the go-ahead run on an infield single with the bases loaded in the 10th to give oakland a 3-2 win at boston. the a's averted a

and alibaba is moving to expand its cloud computing business outside mainland china.ny opened a data center in hong kong today. file for alibaba long-awaited ipo in the u.s.. that is from the files of bloomberg west. cooks i wonder alibaba is going. just really wondering. >> if conditions get a little more -- >> there is significant tension in the deal. start all happy happy to with and is an interesting mix as we go to the end of may. where you a company have almost complete transparency doing an ipo. we have a pretty good idea how they are going to use it. >> they don't have it. >> was alibaba going to do with the money? , you wonder about the accounting once they get the money. bob kerrey with us. the former nebraska senator and governor of nebraska. he is also managing director at allen and company as well. we are talking about the and the politics that can move forward in 2014 and 2016. there is no one better to speak to them bob kerrey. i think we see the tension in nebraska right now. republican primary. it that a precursor to what we see in 2014 or 2016? >> it

nuances of a given firm's auditing in mainland china versus hong kong versus the cayman islands versusaccounting in new york or washington. it is a soup of accounting. through it.rse the average investor cannot do it. who is going to buy it? >> what did you find distinctives in the red herring, the first f1 document that struck you? tothe thing that stood out me -- this is not a u.s. company. it is not a company that should be here. given the risk involved they should rest in china and let the chinese people take those risks. why the retail holders here should take that risk is uncertain. >> arthur levin says he will not buy shares? would you purchase shares in china with a hong kong registration? >> arthur levitt, former sec chair. what about the institutional shareholder services, when are we going to see them say do not do this? >> where is iss on all ipo's. when youoks wonderful are getting $10 million valuations for uber. itld it fall apart, -- when falls apart, it is going to fall apart. iss is not at the table, nor is the sec. everyone is going to wonder what happened. >> steven

. >> i am an army window and partner for a company moving manufacturing the mainland, china him abouthe united date. -- united states. [applause] thank you very much. right thing to do. we manufacture golf products. when everything is said and done, there will be very few golf. us made in the usa. we -- what we found is very valuable. i know everyone of my local recruiters in the houston area. i have gone recruiting and asked am too asked to their -- to ask their compute -- recruiters. the biggest thing i think is a cap as an employer and veteran is that these young men and women need to continue to go good about the fact that they made the decision to get out because they are very worried about what her future brings. >> let's have general pace talk about that. thank you. >> thank you for what you're doing. there is uncertainty for the military families transitioning. they are proud of their service. they made the decision to return but they are nervous. guy -- nally a young . they have never had the experience in corporate life in corporate america. it makes you nervous. listen. i w

the market is still banking on some further stimulus measures from the authorities in mainland china, just to keep the economy on an even keel. let's talk about the bangkok market. we're seeing a post coup high here on the set. the market probably likes the fact that the military council are getting down to the brass tacts of economic management. they are paying the rice farmers as well. despite the fact that we saw dismal numbers in terms of manufacturing and the trade position swinging to the deficit to the tune of 1.5 u.s. billion dollars. taylor swift canceled her concert in bangkok as well. the sensex, we have been seeing profit taking. the next big event will have modi and his team strike a position on the budget. it's going to be one of fiscal discipline and consolidation albeit with a smattering of targeted spending, especially on infrastructure. we'll wait and see. back to you now. >> we'll catch up with you later on in the show. i'm joined by kit dukes, head of global foreign exchange strategy at societe generale. we do see the dollar at an eight-week high. i know what you'r

i'm part owner and principal part owner for a company who is moving their manufacturing from mainland china back to the united states. [applause] thank you very much. we purchase golf products and when everything is said and done, there are going to be very few golf products made in the u.s.a. but what we have foubds is very valuable is we go to the recruiter, i know every one of my local recruiters in the houston area. i've asked them to ask their recruiters to let us know when . ey know people the gap is that these young men and women need to continue to feel good about the fact that they've made the decision to get out. because they're very worried about what their future brings. >> let's have general pace talk about that. >> thank you so much. >> thank you. >> thanks for what you're doing. you hit on a very important fact which is there is uncertainty for the military families that are transitioning. they are proud of their service , they've made the decision to return to the corporate life to civilian life. but they're nervous. especially a young guy or gal who started out, maybe went

that but that is not to say china does not absolutely want to keep north care real up alive they like that operational death -- depth from mainland asia. that is probably the condition they would not like to see if north korea collapse. how far would they go? that is a good question. >> finally connect seeing these two thoughts we hear about anti-americanism that is a little surprising how is there a direct confrontation one in to have

china is -- i think there are 270 commercial flights a week between the chinese mainland and taiwan. there's also 1500 or so ballistic missiles focused from china on taiwan. and this is to say, this is to say nothing about, you know, the chinese warships in the south china sea which, essentially, abuts taiwan. but at the same time, the longer taiwan can hold out -- and this is what taiwanese tell me, what i report in the book -- the longer they hold out, the more china itself can change. because remember, we've been used to a static china with just 8, 9% economic growth rates every year for the last 25 or 30 years where, you know, this economic boom engine with a predictable authoritarian leadership of collegial, faceless, noncharismatic men who retire at 65, and that leads to policy that's been very predictable, even if china's a rival. but now that economic engine is, you know, is running into the ground a bit. you know, you can't just go on growing like that forever. china needs a host of reforms, economic rebalancing. that's going to lead to social stresses, economic stresses, pol

mainland. hong kong dollar stocks also suffered. east of the hsbc china pmi. luigi with a one point three per cent died. the shares were weak spot in hong kong as well that was also dragged by heavyweights such as someone and at what he tells us that from a porter but now that the cia's top division of the twenty two thousand mark on to say that investors might remain with me as to what to do more to come in and out of china. testimony from the fed chairwoman jenny yemen and also uncertainty in the ukraine and the characters that joins us live from hong kong with all of the decals. looks like we had a weak spot to tweaking hunk on the body was found the south was very broad lately it's been a gloomy day here in huntsville sentiment that the hurt but that weak manufacturing survey called flash pm like that you mentioned earlier and we cannot serve a new export orders were weak that has added here in hong kong to worries that the world's second largest economy may be losing momentum. that tuesday is a market holiday here in hong kong so bonnie was a bit busy tod

. >>> sony has signed a partnership in china to manufacture and sell play station consoles on the mainlande deal was formed with shanghai oriental pearl gives sony access to an estimated, listen to this, 500 million gamers in china. it's important i say because there had been a ban on gaming consoles made in china since 2000 from outside, of course. big move. here it is. the battle of the airports. who heads up the most international passengers passing through those airports every year. recently it has been a two-horse race between london's heathrow and dubai's international airport. the numbers have just been released not too long ago coming out of dubai. it shows that, yes, london still holds that top spot, but it is very close indeed. i'll have more on that one as well in gmt. i can't leave you hanging. for the month of april, heathrow has 6.2 million passengers, 50,000 more than dubai. lots going on. you can tweet me '6@bbcaaron. all back to you. >>> we know aaron is a star, but even he is eclipsed by hollywood a lister tom cruise who has been asking to land a helicopter here in the mi

it is threatened by china and the mainland. strategyto acquire a that allows taiwan to continue to have enough confidence to deal with the issues and differences. free from the fear of intervention. that is not a missile-defense system. it is a host of diplomatic, political and anti-access types of technologies. not missile defenses. >> i agree. >> ok. .e can turn to the audience another country that i have not heard you talk about is australia. i'm wondering if you have thoughts about the political will and economic feasibility or the strategic value of having australia participate in missile-defense architectures in the pacific region. i may not be current, but let me give you my take. -- thetrillions resemble australians represent a nato member is much as they do an east asian power. pretty safeians are . a view that things can be worked out with china. the region andf the australians do a lot of business with china. on the other hand, we have all kinds of exceptionally sensitive and sophisticated cooperation with australia.

them to stop that but that is not to say china does not absolutely want to keep north care real up alive they like that operational death -- depth from mainlandasia. that is probably the condition they would not like to see if north korea collapse. how far would they go? that is a good question. >> finally connect seeing these two thoughts we hear about anti-americanism that is a little surprising how is there a direct confrontation one in to have a confrontation with north korea the anti-americanism and wine could understand why it is unfair. they are a new class country with a burgeoning economy and did not have their own governments and they said it was because we were there. they had free elections arguably the most transparent democracy in all of asia. young people are very different now than they were in the 1980's so i say while there may be some it was a minority and has been. >> if the questions was not asked to join us at the back table there were a number of related good questions. thank you. [applause] [inaudible conversations] >> is a great to hear from my son. we went through a lot. the a father is hard but we forget with our cu

mainland. the distance is approximately the same. and it pointed out the arrogance of the united states of wanting to bomb china with nuclear weapons becausethat those islands belonged to the departed and discredited kai-shek government on what we called formosa -- i should not say we, but the official name for it was formosa , but the rest of the world, even then, was calling taiwan. let me just interject a little story which i think is of great historic interest. the fellowship of reconciliation across the river here in nyack was -- had their concerns verified when prime minister nehru of india visited china in 1955, and came back and disclosed that there were areas where there was famine. food -- a total embargo with commerce on china at that time. projecthey instituted a asking people, their members and others, to send little rice bags with a ticket, a little tag, to president eisenhower with the label "if thine enemy hunger, feed him." and they had no idea what the reaction was. they found out later, indirectly, after eisenhower went out of office, through one of his aides, that this project had been discussed at cabinet meetings and

china as you heard from your commentator. >> do you think they will want to expand internationally? do you think they have designs on that? >> they're actually already going outside the mainland get online. they're looking at many countries in southeast asia as well. i don't think it's just a china phenomena. i think we'll see much more. cominging from the backbone of china, historically being the factory of the world in the last decade or so, they have lots of people, willing sellers. it's a matter of finding willing buyers. >> the filing says 1 billion. what's the charge they'll have i abigger ipo than facebook that's up at 16 billion? >> i think it's hard to see exactly what the valuation will be. but it will be something of that magnitude. >> keith pogson, joining us from e & y on the phone from hong kong. >>> still to come on the show, this time last year, ben bernanke dropped the tapering bomb. will there be any comments today when janet yellen speaks before the join the economic committee? treasury yields are low, treasury prices higher. stocks fairly cautious this morning. take a look at the futures at this particular moment. you see we are currently below fair val ya

the bank of china is seeking $16 billion in a preferred stock offering. that is being marketed to mainland investors. economic data in the 7:00, we have mortgage applications will epi, that is the so what. i, that is the so what. we are going to be joined by formally the man who ran satz. fu has one. the use to make a john deere zamboni. >> dirty eight horsepower. it is surprisingly strong. -- 38 horsepower. it is surprisingly strong. seaworld. >> seaworld is controversial, right? >> what is that movie they came out with, scarlet? ?blackfish" a couple of items -- president obama will be speaking at 3:30 talkingappan zee bridge about infrastructure. >> the tappan zee bridge, for our global audience, is north of new york city, spanning the hudson river. a checker cab down to the tappan zee bridge when the transmission went out years ago. ,> kids are being excused early at 11:00 a.m. >> because of the traffic. also, mark zuckerberg turns 30 years old today. the eighth orat, ninth richest man in the country or the universe. happy birthday, mark zuckerberg. >> very good. data check, equities bo

. >>> it might be barred in china but that is not stopping facebook for opening an office on the mainlanday open a sales office, it makes sense if facebook wants to expand mobile ad revenue. google continues to receive about 5% of its ad revenue from chinese companies despite the fact that it seized operations there several years ago. that's interesting, isn't it? >> it is. we'll see what happens. >>> and pfizer ian reed is on the offensive as he attempts to convince u.s. lawmakers that a takeover of astrazeneca is in the national interest. the latest from westminster, right after this. at delta we're investing billions of dollars, improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. >>> welcome to "worldwide exchange." >>> the headlines from around the globe. >> we're better together, pfizer ceo ian reed tells uk lawmakers he's proud of his company's record, this, despite union leaders warning astrazeneca's pipeline could suffer following a takeover. >> we have a good pipeline. we think astrazeneca's pipeline is substa

that china, as long as it is the prc, does not absolutely want to keep north korea alive as a nation-state, because they like that strategic and operational depth from american forces on the mainlandf asia. and as hong as there is a prc, that's probably going to be condition. so they would not like to see north korea collapse. now, how far would they go to see that that doesn't happen? that's a good question. >> we have many, many really good questions. i can't get to them all, but i will are give them to bruce. just finally connecting these two thoughts. we occasionally hear about anti-americanism in south korea. in light of everything you're saying tonight, that's a little surprising, but how likely is it that there would be a direct confrontation between the u.s. military and north korea or south korea? >> well, depending on how good the leadership is in north korea, how well kim is at decision making, you know, we could have a confrontation with north korea. you know, this anti-americanism in south korea really reached its peak in the 1980s. was there, although i think a lot of it was rather unfair. they were a middle class country with a burgeoning economy, and they didn't ha