shanghai is the "head of the dragon."t will serve to promote reform in the inland parts of china and those areas along the chang jiang river valley, opening them up to the outside world. shanghai's growth and expansion is a srce of great pride and excitement for china. it sort of says "we can do it." okay, we havchinese that are smart enough, that are clever enough, that are competitive enough that we can become the dragon's head that leads us. narrator: so shanghai builds on its historical geography as a strategic natural port, sometimes occupied by colonial rulers. more recently, market reforms and foreign investment helped create a global business center. rapid economic growth has reshaped the city's urban geography. as china modernizes, geographers see three major disparities among places here. the first is the uneven development between e wealier coastal provinces and the st, undeeveloped interior. we will look at the village of sijia, which has contact with both regions. it is located on china's most important trans

at its head is china's largest , shanghai.ere, we ere its historical geography as a strategic natural port sometimes occupied by colonial rulers. more recently, market reforms and foreign investment helped create a global business center here. now, rapid economic growth has re-shaped the city'surb. shanghai-- world mega-city... homeo 17 million people, and by some counts, e most denselyopulated ace on ear. it's now the economic capital of china and point of contact for much foreign trade. shanghai is a center of research, development and higher education. most new chinese cars are now made here. migrants from the interior flock to make new lives here. but the surge in growth is relatively recent. until 1991, shanghai was stymied. why was it held back, and how did it boom? some of the answers may be found in china's historical geography, which colors its outlook toward foreigners. for centuries, the threat came over land, from the north and west. mongols and manchus frequently raided, and often ruled, chinese society. more rece

we choose shanghai. nobody really wanted to come to shanghai, but it was the only place to go. >> the wacs family was able to secure passage on an italian luxury liner. >> the boat was called the "conte biancamane." >> the family boarded the ship in genoa, italy, on august 16th, 1939, just 2 weeks before world war ii started. ilie was 12 and deborah just 3 years old. >> i was told -- and i don't believe i remember that at age 3, but i remember getting a sense of going on this happy vacation. but that's all i remember, basically. they were trying to protect me. >> there was a russian jewish community who came to shanghai right after the revolution in 1917 and '18. then there was a sephardic jewish community, they were known as the baghdadi jews. so when we got to shanghai, there was already a jewish community there who could help us settle up. >> the family found a tiny apartment in the poorest section of the city, which was already occupied by the japanese. ilie, a budding artist, did sketches of their s

spotlight is next with host al gore now talking to the russian president's special envoy to the shanghai cooperation organization about its goals ten years since its formation. hello again the wall come to party like the palm pilots and i'll bring all the old flame i guess. the shanghai cooperation organization is holding a joint anti-terrorist texts the preparation well except one thing is fact refused to take part in the loop the other part of you say it's all right but analysts suppose it may be a sign of crises they see i was going through which in turn makes the member states search for a different operation not. it's been over a decade since the party with founded but it's still unclear whether it's the military and economic or whatever. so what's the organization's goals and how this is going to develop in the future we're asking the russian president's special envoy to the c.e.o. . must. after almost all of russia's east european neighbors joy nato the country turn to asia in search for allies as a result of the shanghai cooperation organization or. that she feels why the new int

the shanghai cooperation organization is holding a joint anti-terrorist texts just the preparation you get as well except one thing is fact refused to take part in the middle. the other part you say it's all right that analysts suppose it may be a sign of a crises the s.c.l. is going through which in turn makes the member states search for a different operation not. as being over a decade since the party with founded but it's still unclear whether it's a military and economic or whatever package so what's the organization's goals and how this is going to develop in the future we're asking the russian president's special envoy to the c.e.o. can you must. after almost all of russia's east european neighbors join nato the country turned to asia in search for allies as a result of the shanghai cooperation organization or asio was that she felt one of the new international body uniting china has of stopping the kurdistan russia and make a stand was initially given the cold shoulder by the west things changed after obama became us president that was when nato started seeking the s e o's assi

the shanghai cooperation organization is holding a joint anti-terrorist threats to the preparations. one thing that refused to take part in the news. the other do say it's all right but analysts suppose it may be a sign. see i was going through which in turn makes the member states search for different operations. it's been over a decade since the body with found it but it's still unclear whether it's a military and economic or whatever part so what's the organization is go and how this is going to develop in the future we're asking the russian president's special envoy for the c.e.o. . after almost all of russia's east european neighbors joining nato the country turned to asia and search for allies as a result of the shanghai cooperation organization or was founded in two thousand and one the new international body united china has a stop to kurdistan and russia. was initially given a cold shoulder by the west things changed after obama became us president that was when nato started seeking the assistance. normalizing the situation in afghanistan all of the c.e.o. countries based te

. >>> plus call it a shanghai surprise. the chinese stock market has its best one-day rally in three years. so are coal stocks not far behind? co-and carter think so. they're explain. >>> why are all those traders going yahoo for yahoo! calls. kol scott nations reveals. the action starts now. >>> back in the heart of new york city's time square. stocks closing at the lows of the day. the culprit is a familiar name, apple. the stock has now lost 27% of its value in just three months. it hit a ten-month low today, closing near the lows of the session. what is the next stop for america's favorite stock? let's get in the money. dan, this has to be more than tax selling at this point? >> we've been talking about it for weeks, almost month. really since september 21st when they introduced the iphone 5. at some point it had to do with people booking profits. we saw a trade out of big year-to-date rim mers. this is a story in and of itself. throw a dart this week for the reasons why it's going down. a lot has to do with the self fu

emerging economies but they don't consider you a regional alliance candidate for this role is the shanghai corporation organisation a multipurpose carburation body in eurasia. russia and china are members already but india has observer status there are some issues to be song before it is admitted and one of them is its relations with pakistan which wants to join us to. the question are welcome to the show thank you very much for being with us. first of all we have read in the news that india has voiced serious concern over the recent launch. attempt of the launch of a. korean satellites and that and the the launch was condemned by the west it was it was condemned by japan south korea do you think that there is a serious risk of an escalation in the region under the korean peninsula after the launch and especially if korea will proceed with the space program and. we believe that the country. must act riva sponsibility and they would have to be conscious on a daily international commitments and the international commitment he has to be made to maintain peace stability in the region and. in t

federation both countries are members of the brics group there are rumors that india may join the shanghai cooperation organization in the near future so how close are the two regional superpowers to creating a regional super alliance we will ask this question to the indian minister of external affairs. india is apparently one of the biggest players in eurasia along with russia and china all three part of a briggs group of leaving emerging economies but they don't consider you a regional alliance a candidate for this role is the shanghai cooperation organization a multi purpose corporation body in eurasia. russia and china are members already but india has observer status there are some issues to be solved before it is admitted and one of them is its relations with pakistan which wants to join us. hello mr krishna welcome to the show thank you very much for being with us. first of all we have read in the news that india has voiced serious concern over the recent launch of the attempt of the launch of an. korean satellite and that and the missile the launch was condemned by the west it was

. >>> the shanghai international film festival is coming of age. it's the kind of international attention the government is keen to attract. but one film this year got little exposure. >> reporter: the 15th shanghai international film festival took place. the events showcased 2,000 films from china and overseas. organizers invited a host of film directors and actors from abroad. the chinese government is keen to develop the festival into a world-class event. many films got top billing in state-run media. but this screening was not one of them. it took place in the small cafe. the film is a documentary. it tells the story of villagers campaigning against the dam project. the title is "waking the green tiger." chinese director shi lihong shot the film over a period of five years. the setting is the province in southern china. the film focuses on a village on the upper reaches of the yangtze river. one day ordering everyone in the village to relocate. they're going to build a dam. people are suddenly facing the loss of homes and livelihood. the film i

shanghai will be a chinese restaurant. the applicant intends to have live singing accompanied by piano during dinner and evening hours. we received two letters of support from neighbors and one letter requesting denial of the permit. notably the neighbor against the approval of this application cite nuisance behavior from mecca, which was the former incarnation of the space before it became ginger fruit. specifically the neighbors were concerned about the way the speakers were mounted to the structure, which caused some vibration in the building. >> my name is francis tsai and i bought this property about 15 years ago. at that time i rented to the people who operated mecca. and then after ten years, they did a very goods by. business and it was successful, but something happeneded and they sold it to something else and these people did not know how to operate and didn't pay me represent for two or three years. in the meantime i didn't know what to do and so i closed it for a few months. i thought of opening the restaurant

the rise of shanghai has been dazzling.he building boom has provided jobs for millions of workers, pushing the per capita income well above 2000 u.s. dollars per year. but shanghai, the symbol of modern china in another important way as well, those who are growing rich here, who pay for apartments like this one, are acutely aware that the growing wealth gap is leading to resentment and anger. >> the gap itself is getting bigger and bigger. some poor people are trying to make some sense out of it. fortunately we have a very strict and powerful government trying to control everything. >> but some economists argue that strong government is now part of china's problem. the over-reliance on big infrastructure spending, they say, is stifling innovation and distorting the economy. >> the government is becoming a problem, not the solution. they are too powerful. the people are getting a smaller piece of the cake. that is why the chinese economy is difficult to transfer to consumption driven. the people have really consumed. >> it i

european markets follow shanghai into the red. president obama holds a second ceo summit today at the white house, getting input from top business leaders on how the administration and congress can solve the crisis over, yes, the fiscal cliff. and origin tina's rating is slashed over five notches. we'll speak to a bondholder who once represented the country's creditors. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> as we get into the trading session here in europe, you can see behind me decliners outpacing advancers by about a 4-1 ratio, with stocks shedding about a third of a percent. we'll get to more of that shortly. first take a look at the forces individually to get a sense of where we're seeing the selling pressure and it is pretty much consistent. there's the ibex 35 down .7 of a percent. the ftse down about a third of a percent. not many green spots to find. yesterday we saw that rally in peripheral debt. today we're actually seeing firmer prices across the board, so whether

two of the children who made the trip from austria to shanghai were a brother and sister who grew upo be debra and eli they have written a book about their escape from europe and unusual path that led them to america. authors of uncommon journey join us now i am so excited to meet you both to know about your story good morning. >> good morning. >> welcome to washington. >> thank you. >> mr. wax i will start with you you leave austria as children, tell us about you know i know it is hard to get this into a short answer could you tell us about your journey you and your family? >> well, we left austria in 1939, august 1939 just a week before the war broke out, and the reason we left was because we were warned by a man who worked for my father, a tailor was a member of the nazi party and told us you better leave now because if you don't leave now you will be deported and you should leave now and he told us earlier in the year so out of desperation we booked passage to shanghai being the only place in the entire world there was no immigration requirement of any kind all you had to do was

shanghai composite up 1%.he main aussie benchmark basically flat but in positive territory by the end of wednesday's session. charles? >> that is it for this edition of "world business today." i'm charles hudson in london. >> and i'm pauline chu in hong kong. you're watching cnn, the world's business leader. good-bye for now. ask me. [ male announcer ] even if you think you can live with your old mattress... ask me how i've never slept better. [ male announcer ] ...why not talk to one of the 6 million people who've switched to the most highly recommended bed in america? it's not a sealy, a simmons, or a serta. ask me about my tempur-pedic. ask me how i can finally sleep all night. ask me how great my back feels every morning. [ male announcer ] did you know there's a tempur-pedic for everybody? tempur-pedic beds now come in soft, firm, and everything in between. ask me how i don't wake up anymore when he comes to bed. [ male announcer ] these are real tempur-pedic owners. ask someone you know. check out twitte

and did a great job. >> shanghai remains china's economic engine, but the growing number of people now have the money and the will to preserve these old districts. >>> parts of the route were abandoned after the war. now workers will lay new tracks. >> reporter: it would take five years to build. however it was completed through the use of forced labor from prisoners of war and local residents. it was also known as a way that so many lost their lives during its construction. the town was the starting point of the railroad. a tower built to console the souls of those who lost their lives during the construction and remans to this day. >> the camp for laborers was in an area with a malaria epidemic. in the north, each village had to offer ten laborers. >> the railroad was decommissioned after the end of war. however, myanmar's transition to democracy has increased the need for improved infrastructure in the country. as western nations lead, the country is becoming a popular destination for foreign investment. to make the best of this opportunity, myanmar's government is eager to aid the

"nhk world" reports from shanghai. >> reporter: so pretty! >> translator: it's so beautiful and makes me feel spring is here? . >> reporter: the park is open in the suburbs of shanghai just three years ago? s. in china, famous for spring blossoms like guam and peach but not cherry. it was only last year that the park won its reputation as a wonderful place to view cherry blossoms. it was at the same time the city held its first cherry blossom festival. this year, the park doubled the number of its cherry trees to 12,000. so far this year, 800,000 people have visited? . >> translator: cherry blossoms appear passionate but they are also graceful and pure. >> translator: some people find it's more than the blossoms that attract them. taking advantage of the romantic mood created by the flowers, the park organized a match making party. about 150 people took part. at the end, they all wrote down their info and attached them to a cherry tree and then prayed their wishes would come true. >> i wrote that i want to get married this year. >> reporter:

of the shanghai grand prix. as dry socket and the opening game of the twenty twelve going cup finals will face off in the iberian city of god in just over two hours then god will host another moscow with both sides fighting to be crowned champions for the first time in their histories well crowds are expected for the first two matches in this exciting contest there are now all the slight favorites out of a white washed constantly to dream team in semifinals and have the playoffs top score at make up and the city has netted thirteen times in fourteen matches however god can boast the postseason points leader in amman jordan for the czech star as perhaps ten goals and it is this so far that the two hours to go there. they're going to get well now the dates the new russian calendar have been revealed and we'll see games played in subzero temperatures in december the season has been also to coincide with the main european leagues to help russians ice before better in european competitions and will kick off on july t

as we know this is the twelfth summit that will the head of state meeting of the shanghai cooperation organization which created in two thousand and one to place matters in perspective we have to recall that with not only the full six members of the c.e.o. but with the fact that in two thousand and five india pakistan iran and mongolia are well were welcomed as observers of nations some sort of course go over some sri lanka to become what are called dialogue partners there's been discussion i have of the summit and was to give a pound south that afghanistan may join is that as of observer and turkey may join as a dialogue partner but even as currently constituted the shanghai cooperation organization its collective population somehow believe i'm on the right with god to lie on my own so the c.e.o. members and observer states sixty percent of the eurasian land so this is a very important organization and it's one that still even twelve years after its foundation stone the embryo stage of money in many ways and one that once it's fully bore and comes into the world in earnest is going t

to china his first state visit as russia's president will be transforming into the summit of the shanghai cooperation organization the organization which has celebrated its ten year anniversary last year and definitely all sides all countries involved in this organization have been noting that the corporation has been very successful especially in this security field something which has been a burning issue for the central asian states and that's where we already know that there has been very great success in the talks between the leaders of the countries we're also expecting very many important meetings on the sidelines of the summit between putin and the presidents of ghana stan and iran something which we of course will be bringing more information on as soon as we get it and this will probably be the main focus certainly this summit comes just a day after the start of official state visit to china of these sites have managed to assign very important agreements and listing economic ties and have managed to exchange their views on many different global policy issues and reported that th

where shanghaied leads, china follows. break neck economic growth has been accompanied by astonishing aging of the population. china is growing old at a rate unprecedented in human history. this could bring the country's march out of poverty to an end. >> this woman spent her working life in a small factory. her husband was a tailor. they had been married for 53 years. now, she has alzheimer's. every day, he bathes her, dresses her, then brings her here for lunch. he says it is hardest when she does not know who he is. >> before she got sick, she was full of life. she loved the opera. now, she does not know what is going on. her mind is gone. life has become difficult. i must take care of her. anyone in my position would do the same. >> this is all of the help that the state can provide. the basic welfare system does exist in china but it is many years behind anything in the west. 10 million care workers are needed. so far, only 100,000 have been trained. providing for the elderly will create a massive drain on china's fut

nhk world reports from shanghai's cultural fringe. >> reporter: the 15th shanghai film festival took place. there were films from cline yaen overseas. there were a host of actors from abroad. the chinese government is keen to develop the festival into a world class event. many films got billing instead of run media. but this greeting was not one of them. it took place in a small cafe. the film is a documentary. it tells the story of villages campaigning against the dam project. the title is "walking the green tiger." chinese director shot the film over a period of five years. the province is in southern china. the film focuses on a river and one day officials ordered everyone in the village to relocate. they are going to build a dam. for people suddenly facing the loss of homes and lively hood, the film is a record of how the villagers respond. people in the villages hear about the eviction notice. before long, a protest movement is born. simply put, the film is about an awakening, ordinary people realize they have to speak up or lose everything. and it has a happy ending. officials

but it is well he says the shanghai cooperation organization has a potential to become a serious force. as we know this is the twelfth summit the twelfth head of state meeting of the shanghai cooperation organization which created in two thousand and one to place matters in perspective we have to recall that with not only the full six members of the c.e.o. but with the fact that in two thousand and cry india pakistan iran and mongolia are well were welcomed as a sort of servant made friends and some sort of course fell over us in sri lanka the ground what are called dialogue partners there's been discussion i have of the summit and we'll see what and south that afghanistan may join as there is on the server in turkey a joint is a dialogue partner but even as currently constituted this shanghai cooperation organization is collective population represents half of the home on the graves of the land now so see all members on the server states sixty percent of the regime land so this is a very important organization and it's one that still even twelve years after its foundation stone the em

mari yamada, nhk world, shanghai. >>> most of the rain is gone in central tokyo. but more precipitation south of japan. mai shoji with the details. mai? >> yes, gene, that's right. in southeastern china, as we speak, stormy weather is targeting the area. and we're talking about very heavy rain accumulation. for the past few days we have been seeing heavy ongoing rainfall in the southeastern coastal areas of china. and this is going to be upping the risk of flooding, landslides and mud slides. as you can see, 50 to 100 millimeters of additional rain could be possible in guangdong and jong shui provinces. and in and around macau, a report of already 100 mill meeters in the past 24 hours. so this just ups the risk of flooding, landslides and mud slides. we'll definitely keep you updated with this situation. now, stepping back to our bigger picture here, here, upper disturbances over northern japan and the atmosphere is very destabilized. it helps to develop pop-up thunderstorms and isolated heavy showers across much of the country, especially in central japan. but hi

. >> reporter: spring airlines is based in shanghai. a chinese travel agency started it to make its tours cheaper. the number of chinese traveling overseas is surging. many like vacationing in japan. it has lots of sites and hot springs and it's not far from china. spring airlines made its first overseas flight in 2010. linking shanghai and ibarake in japan. later, the airline added routes to and from takamatsu. the cheapest one-way ticket to japan is $37. the plane has only economy class seats so it can hold more passengers. there are no free meals or drinks. spring airlines president sees a good future for his company in low-cost tours to japan. >> translator: lower costs will lure more people to travel by air. >> reporter: to boost its business, the airline's planning to set up a local company in japan. it will team up with japanese airlines. the first time a low-cost carrier has decided to do this. at the moment, customers from all over china have to get to shanghai before they can fly to japan. but spring airlines hopes to fly pass

he is the shanghai correspondent for the "new york times." >> you know, a lot of the chinese who have studied in the u.s. now are lured back because what's happening in the u.s. is there's not the energy that they want to... that they see happening in china and so that is a big lure for everyone, right? for the foreign companies, corporations moving to china. the students who stiedabroad. that china is where the action is, it's where the money is, it where's the optimism is. and because it's in many ways an immature economy, it's going to be like that. you come back to the u.s., it's a mature economy and so people are looking at things differently. so when i travel around new york city i see that what are people saying when you walk down the street or are sitting next to them on the subway. it'sbout enjoyment, about pleasuren something. or social activity in china it's business, it's drive, it's what are we going to do tomorrow and that is infectious. >> rose: we conclude with another conversation about the world. a conversation with nevil us

for the past year, we have been given access to shanghai's number eight high school. finals -- final ledger students prepare for university and take the exam. mali feeling the pressure. she is hoping to attend a prestigious university and needs to do well. it is tough. there is little time to relax, she tells me. despite her family's low-income, they moved house, paying more rent to live closer to the school for her final year. private tutoring, anything she needs, we try to support her, her father says. she does an extra six hours of study every night. china's policy makers admit the system puts too much pressure on families and robs children of their social life. why is it so hard to change? >> we have modern -- you cannot say in one night, all the behavior changed. >> this year, when school was shown to be giving children energy-boosting injections from intravenous drips. there has been some reform. in theory, the schools must now provide an hour of physical activity every day, and in some ways, china's problem is a nice one to have. the system means shanghai now l