he explained the un's role from beijing.erstanding with the ndrc of the chinese government for a major programme in central asia and south—east europe, improving legal regulatory environments and really developing transformative projects in support of sustainable development. we know that corruption is a big worry. some staggering figures reporting how much china has lost in investment in the past int ocountries with big governance issues. some reports suggesting they lose as much as 80% of their investments into countries like pakistan. with this grand plan, how can china mitigate such losses? well, it has to take it very, very seriously and i know it does take it seriously. there is a suspicion that some countries are saying to china that maybe you turn a blind eye too much, that maybe you should take it more seriously. of course, there's a nother issue too that maybe you need to have a level playing field when you procure some of hte projects. you know, there's risks to every great plan, there's a risk in crossing the roa

details from beijing, shanghai, and shenzhen. beijing, house prices of 22 point 5% in april, year on year. for april, house prices in shanghai of 14.2% year on year for april. shenzhen, house prices for april up 6.7% year on year. monthly basis, house prices unchanged, so cooling in shenzhen, but beijing strong indeed. the overall number, prices in china in april rose in 58 cities of the 70 monitored, down from the 62 we saw in march. really that march number surprised many, much stronger. so prices rising and slightly fewer cities than the month before, but still showing relative strength. has been number explained because people said a rush as people sought to block him before more cap's were put into place. cities, the major cities come have put in regulations to make it more difficult, bigger deposits, harder to buy a second home. if you don't live in the city or are from the city, it becomes more difficult as well. on the flipside in the smaller cities and towns in the heartland of china, they are trying to move some of the

angie: tom mackenzie live in beijing.oint 62 right now on the heels of that, part of that russia saudi arabia deal is that concern about demand coming out of china. in fact, momentum and sign a may be softening. factory output investment and retail sales growth all slipping from the previous month in china, and all below forecasts. we have more here and hong kong with stephen engle. >> the numbers are good, but decelerating from march. the first quarter was a blowout with higher expected gdp growth at 6.9%, but which are starting to see is perhaps that march was the peak and we are starting to see a deceleration. not a lot, but a little bit. let me read you some comments from a press conference with the head of the national bureau of statistics, saying most industries seeing improvement in the supply and demand balance, so putting a positive spin on the numbers that were below forecast. retail sales, industrial production, fixed urban asset investment all below. keep achina is able to stable economy with improvement, stil

a mystery and an ambitious plan from the beijing government.icy for america first pushing its allies to look to china for better global and regional leadership? on behalf of canada, definitely. they have, the us have slapped a tariff on canadian lumber, china is our second biggest market for our lumber. canada has spent decades selling wood into china. the policies of the trump administration are certainly making china far more important a trade partner than they were before. in other business news making headlines the value of that coin has set a new all—time high rising above 1800 dollars on wednesday. industry data shows it has settled back to 1789. it is the second time this week that new highs have been set. market value of bitcoin has increased significantly in four days. owners of snack shack are still struggling. they are still down in new york trade. this comes after snap posted a big loss of over $2 billion in its first quarter since it listed on wall street in march. new sun have warned that profits could fall. it expects profits to

this downgrade comes as beijing has been making efforts to clea n beijing has been making efforts toability. we'll have to financial stability. we'll have to wait and see if indeed the chinese government will expedite these changes before they are too late. sally? thank you for that, rico hizon. that brings world business report to the end. donald trump is in italy — where he is due to hold talks with pope francis — on the latest leg of his first foreign trip as us president. the pope has previously attacked the plans to build a wall across the border with mexico. he was a look at some of the key issues surrounding their relationship. —— here is. coming up at 6am on breakfast, charlie stayt and louise minchin will have all the day's news, business and sport. they'll also have more on the prime minster‘s decision to raise britain's official terror threat level to "critical" — following the suicide bombing at manchester arena on monday night, that left 22 people dead and 59 injured. the police have asked the secretary of state for defence to deploy a number of armed military personnel

we'll have to wait and see. >> do you any views about relations with tokyo and beij g beijing. >> it can only be resolved with solutions based on the international law that will be acceptable to the agreed information and these people because the other administrat n administration. so problems continue to persist i think. the past administration was not in a code with international law. so it eventually worsened among korean people. so i believe the agreement needs to be re-examined. >> what about in terms of china? what do you think he will do? >> he moved from opposition to really being on the fence. he kept sort of saying well, the next government should deal with that. you will be the next government. he just sort of kept trying to punt on that. you know, more recently, as i said, i think he serves well. it is sort of a done deal. why wouldn't it be a done deal after five or four or three? and given the north korean threat to you now that they have miniaturized, they have weapon dcweapo weaponiz weaponized. where as in the past he said skud missiles, they don't have a military ta

i don't think they expected any heads of state to play the instrument while in beijing.l news agency kcna has just reported that the north esk successfully conducted a newly developed mid to long—range missile test. we know this is a missile that has gone further than any previous ones that have been tested. how worrying is that development?m does seem to be a big step forward in their technology. so obviously, as donald trump contemplates or suggests negotiation, but also wields the big stick, it goes further forward to decision time. the kcna statement, the official statement from the north korean news agency says that it is a rocket designed to carry a nuclear warhead, and be mainland us is in its sights. that is probably not true and it is the kind of rhetoric that is used with every rocket launch. but we are seeing a not so gradual step forward towards a fully efficient, functioning, nuclear arsenal. and that raises the question for donald trump and for the president here in seoul, remember, and it makes us question is much more intense. much sharper. that is right.

long past beijing's policy decisions today. for "nightly business report" i'm eunice yun in beijing. >> you can find out more about the chinese art market on our website at nbr.com. that will do it for "nightly business report" for tonight. i'm sue herera. thanks for joining us. >> good night, sue. i'm bill griffith. have a great evening, everybody. we'll see you tomorrow. >> night, bill. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm, sunny days, coolin

we will be in beijing and china. in tokyo to see why japan's biggest banks are forecasting a fourth straight dip in profits. washingtonwill be in as the of work continues over president trump's dealings with russia and james comey. this is "daybreak asia." i am betty liu. betty liu in new york, where it is just after 7:00 p.m. yvonne: it happens to everyone. it is just after 7:00 a.m. in hong kong. i am shery ahn on tuesday. i have got to say, it is a live -- it is a live day. nothing, to be honest, as as whatg happened in the u.s.. the s&p 500 is close enough 2400. betty: maybe because there was also a lack of economic news or any really comments in the fed that investors went back to focusing on some old standbys, which, for instance, oil prices. oil prices routed. and energy shares zooming higher. we also saw it on the nasdaq as well as the dow, closing up. it sets us up very nicely for gains in asia. shery: let us see how they are early tuesday morning. new zealand, the only market .2%, after losses. the kiwi dol

sung, do you have any views about relations with tokyo and beijing, particularly with china?nd because of japanese past, the alliance is different between china. whether it is about the issue of comfort at the moment or territory issue, this issue can with aly be resolved solution based on the information that will be accepted to agree with the nation and the people. because the administration didn't reach a -- that's satisfied satisfied those problems. persist, intinue to think, and the past administration wasn't the global norm. eventually -- it has eventually worsened it among the korean people. i believe the agreement needs to be re-examined. >> bruce? fads inut in terms of china? will doyou think moon about that given that he is under a real dilemma? >> he has moved from opposition of sad to being on the fence. whenever asked, he kept saying the next government should deal with that. he said, the next government is you. he kept trying to punt on that. was recently, as he attacking the center on a number of issues, he said, if north korea does another test, it is a done d

i look forward to him being confirmed but the senate and bringing the iowa way to beijing. i also want to extend my thanks to the support that has been given to governor branstad by his wonderful family and i know he'll introduce chris and the rest of his family soon. they're truly an asset to iowa, i know they're going to be a greater asset for the united states of america. thank you, mr. chairman. >> thank you, both. i know our ranking member would love to thank you for your comments. >> governor branstad let me point out that your two senators are very much respected in this institution and having both of them here to speak on your behalf is impressive and we thank both of our colleagues for sharing their comments about you. >> thank you both very much. so we'll return to our opening comments. governor branstad it's a pleasure to welcome you here today as our nominee to be the next ambassador to china. i'm glad to see members of your family here today as well. i wish you all the best as you embark on this exciting new venture. beijing is not des moines, but i know that -

china's one belt one road for it kicked off in beijing.ust how lofty are its silk road ambitions and can they be filled? more victims are expected of the cyber attack as they return to work after the weekend. hello and welcome to asia business report. leaders from 28 nations are gathered in beijing to bring china's grand plan to invest billions of dollars to improve its global trade links one step closer to reality. called the one belt one road initiative, it was proposed in 2013 by president xi xin ping. its ambitions span over 60 countries and the president has pledged billions of dollars for the scheme. there are sceptics that say it is an expensive exercise to extend china's political and economic influence. we are joined by our asian business correspondence in the studio. $124 billion, no small number. of course, this was an announcement that was made to all of the world leaders that were gathered to listen to president xi. why are the chinese making such a big deal about this? in simple terms, this is china's beat coming out party an

tom mackenzie in beijing. we will take a look at the root the rebound in india.s is bloomberg. ♪ 9:30 a.m. in hong kong. we are counting down to the china open. 11:29 in sydney where we are awaiting the data from the meeting, where policy was held unchanged. i'm haidi lun. this is "bloomberg markets: asia." ahead of the rba minutes, take a look at this chart. we have seen a gain when it comes to the aussie dollar overnight, along with commodities currencies getting a boost from the oil story. russianthe saudi and oil ministers seemingly coming together in a cohesive statement yesterday in beijing, saying they are willing to go another bye months to cut supply $1.8 million -- 1.8 million barrels a day. we have the vienna meeting of opec next week. this is what we are seeing. if you are asking hedge funds, they are not looking positive when it comes to the aussie dollar. for a sixth consecutive week.if you want to look at fundamentals , the uncertainties over china, industrial production slowing, industrial commodities downturn starting with the price downturn in c

that may be an important signal to beijing.t signal especially to beijing and another reason why the chinese liked dealing with the president and secretary rex tillerson. there is no question that the trump administration has been very clear about this. whereas, during the bush administration, those statements were similar to what condi rice would say but quite dissimilar to what vice president cheney would say. so they were hearing mixed messages from the bush administration, we were very worried about that. i this case, there is a clear messages. we want to see north korea get rid of their nuclear weapons, we are not seeking regime change. i want to emphasise that when we reached an agreement with the north koreans, we explicitly put that in, that we were looking forward to living peacefully together with north korea. we put that very explicitly. so, i'm not sure that this is necessarily going to solve the problem but i guess it is a starting point to laying out for the north koreans that it's about their nuclear weapons. not

these are things important to beijing., is china given a something in response to that? a little bit, but not that much. all purchases stop by and cool, but they continued biden: after the february announced that they also bought: march and april. beijing is in a duplicitous game and it's time for the trump administration to pay that, to understand beijing is not on our side and we have to do this by ourselves. if nothing else can north korea fired a ballistic missile today shows that the chinese are in fact not able to push the north koreans in the direction they want with their current policies he is >> the u.s. is going to have to do this by ourselves is what i heard you say. we keep doing this valley between here, beijing. nothing happens. the ballistic missile launch number seven. what will it take to stop kim jong sub two interrelated deadly and dangerous course to expand its arsenal of nukes capable of widespread destruction. >> two things we have to do. first of all, toughen sanctions on north korea. sanctions are

still, it's clear the company might understand the optics of their beijing presentation.about this event because of this ad. it was actually posted in the elevator of our building here in beijing, so we took a photo. you can clearly see it says kushner one right there, and later on, it says "invest $500,000, and emigrate to the united states." this was billed as a public event and we shot it from the crowd on an iphone, but other organizations who showed up got kicked out. reporters with both "the new york times" and "washington post" were asked to leave. the "post" wrote that when they asked why, "a pr person who declined to identify herself said simply, this is not the story we want." matt rivers, cnn, beijing. >> so, he has recused himself from any kind of decisions about the eb-5 program, but the president has been very firm about restricting legal and illegal immigration, and the eb-5 program has been criticized as simply buying a golden ticket to the united states. >> will we see action on the eb-5 from the administration in that will be interesting. >>> a company i

brussels and beijing saying they will start a new alliance to fight climate change. merkel also talking about trade. it is a surprise where we were 12 months ago compared to where we are today. trump drawcould see those global battle lines. let's stay with that story and the eastsomeone from asia institute, live from singapore. great to have you. this 70 year relationship the developed world has had since post-world war ii, essentially overturned in a matter of six months. is it over? >> actually, this is a very interesting moment to look at the relationship among the big powers. the transition is not over yet. after trump became u.s. president, all the big powers including china e.u., japan and other powers, are adjusting. the previous grand strategies are trying to find new partners inside the region and outside. chinae: what does an e.u.- relationship mean for the u.s.? is the white house looking in this -- at this and worried? can china have it both ways and have a relationship with the u.s. and europe? this issue look at from the u.s. national interest perspecti

beijing is not. [inaudible] but i know that your relationship with president xi jinping spans decades and you fully understand the breadth and depth of the challenges awaiting you in china. when we met in my office i appreciated your honesty and candor about managing the complexities and relationships with china. i look forward to expanding on that conversation here today. as i said previously, the us china relationship is one of the most consequential relationships for us national interests. the nature of relations between washington and beijing will have a profound impact on the security, prosperity and stability in the region for coming years. you will have a unique opportunity to help shape that relationship and move it in a direction that is beneficial for both countries but it certainly will be a difficult task as us relations with china have been trending in the wrong direction for several years. china's militarization in the south china sea, cyber theft of intellectual property just make agai

for more on this, let's cross to brian pinsky, who joins us from beijing.ell us more about the significance for china in all of this. brian: this is china's attempt into breaking into the extremely lucrative airline market. it is the second largest country set to overtake the u.s. as the largest airline in a decade. far, it represents flyway profits, and its manufacturer reported it has over -- nearly 600 orders already. however, most of them are from the firstmpanies and one to use it will be the china eastern airlines. it is possible that it will receive a heavy boost from the , urginggovernment chinese airliners to buy it. however, some are saying the actual significance to beijing thantional rather commercial viability. the broadcast of the flight was broadcast live on state tv. the government media gushed over it, and a lot of the experts -- by the citizens with technology. , thesimilar, ironic note first home a jet airliner is foreign-madeely from avionics to the engine, and it may even be only 30% chinese-made. thank all right, brian, you ray much, b

i look forward to him being confirmed by the isn't the and bringing the iowa way to beij g beijing. i also want to extend my thanks to the support that's been given by his wonderful family. i know he will introduce chris and the rest of his family soon. they are truly an asset to iowa. i know they will be a greater asset for the united states of america. >> thank you both. our know our ranking member would love to thank you for your comments. >> yes. let me just point out that your two senators are very much respected in this institution. having boeth of them here is impressive. thank you for sharing comments about them. >> thank you both very much. we'll return to our opening comments. it is great to welcome you mere. i'm glad to see members of your family here as well. i wish you all the best as you embark on this exciting new venture. beijing is not des moines but i kn am con fi dentd you understand the challenges awaiting you in china. when we met i appreciated your honesty about the relations with china and look forward to expanding on that conversation here today. as i said pr

janis mackey frayer, our msnbc reporter there in beijing. now, let's go a senior aid to former president george w. bush, and special envoy to north korea for human rights, and thank you for being here. what is your reaction to today's missile launch? >> well, i think that it is not unexpected on the one hand, and obviously, north korea is going to continue to test and to test until they get it right. because, you know, the history of advancement in missile technology is failure after failure after failure until you get it right. from the failed tests, you will learn a lot, and tweak it, so they are marching ahead as they have made clear. at the same time, we heard earlier in the week, a statement by one of the senior officials from north korea that they are open to bilateral talks with the united states. i think that this is really the same pattern that we have seen over the past 20-some-odd years. pro provocation, and provocations in order to bring the united states and some of the other western count countries to the table in order to effe

and more balance for the domestic risks. >> let's get out to eunice standing by in beijing.his project seems like a very ambitious one. how difficult or how easy is it for corporations to get access to it? >> well, that's a really big question that a lot of people are asking because what the conversations have been is really two-fold. one is what china wants everybody to know about this initiative. and then what people are actually talking at behind the scenes. so what china wants you to know this is a massive initiative that is supposed to connect a lot of countries, promote infrastructure throughout the world and improve relationships between trading markets. in fact, xi jinping said in his opening address, this is, of course, the chinese president, that this is going to be a new form of globalization. and that he was going to be one of the key international figures at the center of this promoting freer trade. this new form of freer trade. however, of course, there are a lot of big questions about how companies are going to be able to get involved. this is what the europea

terry branstad said the goal is to pressure beijing to do more.et it over to ramy inocencio for more details, pretty remarkable rhetoric coming through here. so.: definitely this time from trump's pick to , but onina for the u.s. the face of it, he said this. north korea's nukes are the biggest threat to all of humankind. that is a quote. be using his diplomatic leverage potentially for some economic leverage from china to make them do what the u.s. wants to do with regard to north korea. a little about that relationship, turns out that they have a long relationship spanning the last three decades, ever since 1985 when xi jinping who was then a provincial official visited terry branstad when he was a first-term governor of iowa, but the ministry of foreign affairs has couched the relationship as one between old friends. that will be put to the test event when he becomes the top envoy to china. "roomd today he does see for sanctions on china when it comes to north korea." think there are other things they can do diplomatically and economically that

mainland china, just 110 miles across the strait, and relations with beijing are getting worse.ut despite early pro-taiwan signals including a controversial phone call with taiwan's leader, the trump administration has stalled on delivering a billion dollar arms deal for jets, anti-ship weapons and missile systems. a u.s. official told nbc news that holding back arms for taiwan was discussed as a way to improve ties with china at a time when president trump wants chinese help to rein in north korea. >> every single administration since bill clinton has eventually realized that beijing will not deliver on north korea because beijing sees no interest in the issue being resolved completely. >> reporter: since the president's april summit with china's president xi jinping, criticism of china's island building in the south chinese sae has waned. only this week did the u.s. resume operations scaling a u.s. navy ship near one of china's artificial islands. on taiwan washington is steering clear. a state department official said only that u.s. arm sales to taiwan are based on an assessm

shery: tom mackenzie in beijing. thank you.e will continue to talk about the belt and road initiative and half an hour. we will speak on the business opportunities from the summit. right, let's get a checkup first word headlines. g7 finance ministers signaled a truce and the trade spat with america as treasury secretary steven mnuchin said the group was starting to understand washington's position. that post-meeting statement merited the water down the language, but suggested a more pragmatic tone. steven mnuchin declined to shun protectionism, saying the u.s. would do what is best for itself. >> we don't want to be protectionist, but we reserve our right to be protectionist to the extent that we believe that trade is not free and fair. our approach is to a more balanced to trade. >> it is important that protectionism is off the table. there was no disagreement on the fact that trade promotes growth and has to be inclusive, so i am very satisfied. of course we need to make steps forward. there are different views across the g7

we're live in beijing with an update. >>> and our sunday sitdown with

. >> beijing hosts 28 countries as it makes it soft pow py.ating.uts its credit >> just a few days ahead of the ukrainian election, president rouhani launches a stinging ttk on the credibility of his top conservative rival. >> it is 8 a.m. in dubai and 5 a.m. in london. >> this is bloomberg markets middle east. we do have geopolitical events taking center stage with the launch of the seventh north korean lipstick -- ballistic missile test. the bloomberg dollar index 0.35%.on friday,ow u.s. inflation data came in softer than expected. the mix still slumbering -- the slumbering, reaching 10.40 on friday. look at how u.s. a city -- u.s. equity markets closed. down,nes index also nasdaq was of the outlier of .09%. let's take a quick look at what is happening in this part of the world. of the week of the week in the past, the last five trading days, let's chase him the key companies. retailers, losses coming from insurance stocks. level, we saw it being the best performer in terms of volume and activity. upside, surprising sales with earnings growt

he launched the "belt and road" initiative at a summit in beijing.by us academics that petrol cars will vanish from our roads within eight yea rs. vanish from our roads within eight years. there are some nice electric

ours head over to correspondent in beijing, tom mackenzie. fx reserves? think it allows us to focus on a few factors underpinning the strength in fx reserves, at least the last three months. we have seen three straight months of increases in fx reserves, and that is down to capital controls put in place that have reduced outflows. there is also the yuan stability, onshore yuan versus the u.s. dollar, up .6% so far this year. we had that surprising gdp number for the first quarter, six .9%, beating expectations and adding to optimism about the growth environment here. supportedfactors have fx reserves. the big question going forward is china's growth picture. we have heard from bloomberg intelligence and we may have eaten in terms of growth this year for china, that the second half of the year may see a slow down, and that calls into question what the pboc does. whether continue to edge up rates in the money markets to keep pace with the fed, or will it be under pressure to reduce those? if it eases off on tightening, that could put additional

john sudworth, bbc news, beijing.: a world war two veteran has become the world's oldest skydiver at the age of 101. verdun hayes took to the skies along with relatives from three generations of his family. richard galpin has the story: dressed in a yellowjumpsuit, verdun hayes, aged 101 and 38 days, is about me make history. he is determined to become the world's oldest skydiver. and he is doing it with with his son, grandson, and great—grandson. as the plane gradually climbs to the correct altitude — they need to be at 15,000 feet — verdun hayes prepares to make his second ever jump. and the former soldier, who fought and was wounded in the second world war, has nerves of steel. he's particularly fond of the brief free—fall, when they're descending at more than 120 miles an hour. then it's back down to earth. you've done it verdun! congratulations! hooray! and with all four generations of the family back down safely, it's time for everyone to celebrate the record that he's just set. beautiful! i — really, iwould do

morgan stanley is holding its third annual china summit in beijing.nzie is standing by for us. what have you got? we have 300 companies here in beijing as part of the morgan stanley annual summit come around hundred 900 investors working out the opportunities and challenges in the market. i'm joined by the chief asian economist for morgan stanley. ,e just have the pmi data out 51.2, which was in line with the previous month and above estimates, and in line with your view, which is one of a broadly positive chinese economy. >> absolutely. what is happening is that people are underestimating the role of external demand and stabilizing growth in china. china is tightening, you are seeing a pickup in exports helping to stabilize, and that is what is showing up in the pmi number, that new export orders picked up a bit. tom: exports, you are positive as well, 2017 could be the strongest year for export since 2012, and that ties into the demand picture as well. >>tom: absolutely. this is the first time we are seeing a synchronized recovery in global demand.

this weekend china is hosting the one built one boat summit —— beijing.it —— beijing. it is a coming out party to the world. it wants global recognition for this plan. part of the trade deal includes the us is sending representatives to the summit. this is something previous administrations never did before. karishma vaswani there. south africa has been hit by violent demonstrations this week. protestors demanding houses and jobs have been clashing with police in several townships south of johannesburg, putting pressure of president jacob zuma's government to deliver on election promises. at least 70 people have been arrested for public violence. the government has admitted that the issues behind the latest wave of protests are genuine and deserve a response. nomsa maseko reports from johannesburg. a sense of calm returns following days of protests. the demonstrations were led by communities who feel marginalised and neglected, protesters up in arms over electoral promises not delivered. they want better housing and jobs. the week—long unrest, dubbed serv

adriana diaz, cbs news, beijing. a ninan: attorney general jeff hassions sent a memo to federal prosecutors calling for the toughest charges possible to be filed against most suspects taken into custody. sessions says harsher penalties are needed to curb the rising murder rate and opioid epidemic. here's justice reporter paula reid. >> i have empowered our prosecutors to charge and pursue the most serious offense, as i believe the law requires. >> reporter: this week, attorney general jeff sessions ordered federal prosecutors to charge defendants with the crime that carries the highest possible sentence. ow they can likely prove it, now they must charge it. >> it means that we're going to meet our responsibility to enforce the law with judgment and fairness. >> reporter: this reverses previous policies put in place by attorney general eric holder. his "smart on crime" policy aimed to reduce the number of people charged with offenses that carry stiff mandatory minimum sentences. on friday, holder released a statement

john sudworth, bbc news, beijing., emerging across the world. from brexit, to donald trump, to emanuel macron in france, the old political divide of left and right seems to be disappearing. it is being replaced by new ideas. mark easton has been to two cities in the north of england to find out more about this new political landscape. sunderland used to be shipbuilder to the world. a new vessel slipped into the water here every nine days at one time. but the globalisation that created this proud city is now seen by many locals as a threat. they are selling us stanley river. i am passionate about sunderland, and iam now am passionate about sunderland, and i am now passionate about the north—east. the welcome tavern would once have been packed with merchants and sailors, buying beer with the profits of international trade. but now custom comes from the struggling neighbourhood just beyond its door. a few years ago, on the river, you would have seen nothing but ships. fishing boats, you could walk across the river on the

adriana diaz has more from beijing. >> reporter: while traveling through beijing international airport, senior north korean diplomat choe son hui, said north korea is open to talks with the u.s. "if conditions are right," she said, "we'll speak to the trump administration." her comments follow president trump's overture to north korea earlier this month when he said he would be "honored to meet with dictator kim jong un under the right circumstances." the ratcheting down of rhetoric comes after months of escalating exchanges between washington and pyongyang. north korea has continued to test banned ballistic missiles. while the u.s. has beefed up its military presence in the region as a show of force, including the deployment of an aircraft carrier off the korean peninsula. the comments also come days te president this week who prefers engagement with the new york instead of isolation. talks between the u.s. and north korea are still not likely to happen soon. north korea remains committed to its nuclear development program and american officials say they're not willing to sit down wit

tom mackenzie in beijing.auto confirming the government is planning to scrap the current requirement with foreign automakers. the group makes mercedes-benz and hyundai cars in china. the chairman says reform of state owned enterprises is the number one challenge. as one of china's leading auto companies, the biggest ic are the smea reforms. the chinese government has put reform high on the agenda and time is pressing. as the chairman of a traditional as so eat, my biggest pressure comes from this front. the 50-50 joint venture arrangement, i think the policy will get changed and scrapped for sure. the door will be opened for sure. c, this is not a huge challenge. maybe a few years ago this would have been a big difficulty because of that time china's homegrown brands were in their infancy. oflight of the fast growth china's own auto brands, lifting the restrictions on the 50-50 joint venture structure will not be a direct threat to us. >> what do you have to do to stay ahead of planned or proposed or possible

francine: these are live pictures of the chinese president speaking in beijing. xi shedding light on his vision for his diplomatic trade initiative, pledging $78 million in infrastructure. what he has been saying is growth and -- growth will be boosted. he also says the nation will continue to support e-commerce and he will strengthen economic policy coordination. we will get back to that. it had a little bit of impact on treasuries. we also know the russian president putin is speaking a little bit later on. we are keeping an eye on that. let's get to the first word news. -- an attackcyber on computer systems. more than 200,000 computers in 150 countries have been infected with ransomware so far. authorities say hackers used original to infect computer files, making them inaccessible and demand ransom. uk's national health services recovering after being one of the first targets. fedex and automakers were also affected. in germany, angela merkel's party decidedly one --won. beating the social democrats. the social democrats won less than 31% of the vote, the wors

an suv lost control in an underground car park in beijing, killing one security guard and injuring twoadly accident occurred last wednesday. the driver of the car had allegedly pushed the accelerator rather than the brake pedal while trying to stop her car. southeast asian leaders took a softer stance on the south china sea dispute during their weekend summit in manila. a statement was released after the summit ended, dropping references to land reclamation and militarization. those references had been included in the text during last year's meeting. china is extremely sensitive to comments about its activities in spratly islands. 36 members of the yazidi group held as slaves in the islamic state have been freed in iraq according to the un. it included men, women, and children in captivity for three yea rs. children in captivity for three years. 1500 women and girls are still being held, they believe. the former billionaire eike batista, who was once one of the world's richest men, has left prison in brazil for house arrest ahead of a corruption trial. batista, was worth more than $30

tom mackenzie reports now from beijing.en fleshing out details to reshape globalization .nd its image announcing plans for additional funding for the initiative. credit suisse says that in the next five years they could commit up to 500 billion u.s. dollars for the scheme. we also saw development banks, private banks, coming together to form a framework amount -- around financing. and then there was indonesia, securing finance and credit from the chinese on a whale line. all because the oil and gas producer had deals worth $20 billion in the last few days. there are concerns and questions with the biggest risk to this initiative being whether or not private investors get on board. and then we had the germans expressing concern that companies may not get equal access to these projects. we are expecting to get more details later today when china publicly communicates on the forum. tom mackenzie, bloomberg news, beijing. david: for more we bring in the senior percent -- senior policy atof trade cornell, sonali basak. when you

moody's downgrades the country's credit rating, citing beijing's warning financial strength and rising liabilities. >>> a potent combination concerns over excess iron ore supplies coupled with china's credit downgrade chip away at europe's mining stocks. >>> the british government deploys nearly 4,000 soldiers on the streets of the uk after raising the country's terror threat level to critical as police conduct a series of raids in connection to the manchester attack. >> further attack may be imminent. the change in the threat level mean there's will be additional resources and support made availability to the poliavailab police as they keep us all safe. >>> legacy issues hurt like for like sales for two of britain's top retailers. france still provides a headache for kingfisher, with sales down over 5% while clothing weighs on m&s. >>> good morning. you're watching "street signs" as always at this time of the day. glad you're with us once again. we have another busy show for you. let's get straight to the european market action. the ftse 100 a bit higher to the tune of 0.2% across the

david mcken zee has more from beijing. >> i think it's important to note this appears to experts and to the north koreans to be a successful launch, it appears mid to long range, ground to ground missile that they're calling the 12. now, that is important because in recent months there have been a great deal of failures in the missile tests out of north korea, sometimes that has been attributed to possible cyber operations from the u.s. that has never been completely verified. this appears to be a successful test personally supervised so the north koreans by the leader kim jong un and they're pushing the fact that this missile might be capable of carrying a large scale nuclear war head, as they called it, and that it would be for testing of the capability of that. they claim that the u.s. mainland is in striking distance, appears to be exaggerated at this point, according to experts, but certainly this is a worrying for those wanting them to stop the program. the statement from the ministry of foreign affairs here in china, they sometimes don't even mention when there's a missile tes

i was living and working in china, in beijing.vited by my chinese friends to share chinese new year and other special occasion dinners with their family and it is the first time i have experienced chinese culture from the inside. i found it was such a shame to travel toa found it was such a shame to travel to a city where millions of people living but you don't actually meet any them. the perfect moment to meet the miz around a food experience like a the miz around a food experience likea dinner or the miz around a food experience like a dinner or walking class. so let's say im in paris and i decide i wa nt let's say im in paris and i decide i wantan let's say im in paris and i decide i want an authentic french meal. what happens then? what if i turn up with sally's kids and we all arrived on the doorstep and that is not quite what they were expecting? usually what they were expecting? usually what happens, it is like about meeting someone, you talk to them before you get to their house. they have their profile, so you can imagine