across asia china is drugs are being pulled down by a bull from a strategic shareholder in the bank of china and the china construction bank will sell its stake some befalls that raise up to three point seven billion dollars from the sale bank of china is losing over four percent and china construction bank is currently dropping over three percent japan's nikkei is trading in the black financials are limiting broader gains arctic blast bank shares lost ground overnight the russian markets will start trending in less than two hours time the figures that you see on the screen are choosers closure of both the r.g.s. and the mice it's finished around cool. percent in the black on tuesday or wednesday by mining and just stocks. on inflation russia for the past six months over here has talked five percent because price increases were in cereals and beans which became almost twenty percent more expensive and non-food bacco is up twelve percent and ten traditionally inflation russia grows faster in the second half of the year part of the work is still expected to be around seven percent five years a

cross asia china is still being pulled down by reports that a strategic shareholder in bank of china china construction bank will sell its stake nikkei is trading in the black financials limiting gains of two guys bank shares last night. and here in russia the r.t.s. has already opened and extended. the mice it's all stock trading and several minutes of finished around a quarter of percent in the black on tuesday the provos bulls to find mining and just stocks. inflation russia for the fall six months of the year has topped five percent because price increases were in cereals and beans which became almost twenty percent more expensive food. twelve percent and ten traditional inflation russia grows faster in the second half of the year but authority is still expected to be around seven percent by three years that. russian equities are having a good start to the week but carlos causes such great expects wednesday to be a doll in comparison because investors securing up for news coming later this week the trend. we're seeing the emerging markets actually had a nice rally over the last we

of a bird stockpiles dropped two and a half million barrels lost. and. across asia china stocks will be pulled down by reports that a strategic shareholder in bank of china china construction bank will sell its stake. is trading in the black financial sun limiting fraud against. the last round. here and russia they are cheap gas has already opened and extended sounds nice and small stock trading in several minutes of finished around a quarter percent in the black on tuesday the provos bulls to find mining and to stop. inflation in russia for the past six months of the year has topped five percent because price increases were in super beans which became almost twenty percent more expensive food. we thought twelve percent and ten additional inflation russia growth in the second half of the year but authorities still expected to be around seven percent by three years and. russian equities are having a good start do we but carlos causes such great expense was to be jolly in comparison because investors securing up for news coming later this week the words we're seeing the emerging markets and the cia index actually has a nice rally over the last week. wherea

china's central bank raised its key short term rate this morning, the fifth hike since october. tom, china is trying rein in inflation. >> tom: susie, the trend of higher interest rates could continue tomorrow when the european central bank is widely expected to raise its rates as well-- the second such move this year. europe also has a growing inflation problem. >> susie: should american consumers, businesses and investors be concerned about those higher interest rates? suzanne pratt reports. >> reporter: for many of the world's largest economies, this is the direction that interest rates are going. central banks in china and europe are hiking rates to battle inflation pressures because that's their primary agenda. but, higher rates across the pond and in asia will also mean slower growth for those economies, and perhaps america too. don't forget china has been the world's economic engine at a time when the u.s. and parts of europe are still struggling. on top of the eurozone is a big market for u.s. multinational firms. so, it's no wonder that economist bruce kasman says it's really bad timing for a rate hike in europe. >> the euro area as a r

with show your job alone helps us and from the up three percent banking and knowledge of stocks on the rise in hong kong with bank of china up two percent and line of over three percent. and on here in moscow the markets will start trading in two last time both are just in the wise it's closed strongly in the black on friday across the screen is supported by financial ant and just. oh no michael starting from scratch a expects that which he wants to do the whole of the season and lots of domestic things. we expect that we should be a bit quieter than last week given that we're now in the summer season monday is of course i july fourth the markets will be closed in the united states this week investors will pay as usual close attention to external factors including our inflationary data coming out of both the euro zone and united states and also keep an eye of course on u.s. jobs data in russia there are very few big events are scheduled one notable event takes place friday when the x five will release their second quarter operating update. michael stein from a person of his analysis of what we can expect from the coming w

and across asia china is being pulled down by a pool is that a strategic shareholder in the bank of china and the china construction find will sell its stake. nikkei is trading in the black financials a limiting brought against u.s. bank shaz last round and. the russian markets will stop trading in less than the one i want you see on the screen on tuesday. and my suspicion around a quarter percent in the black on tuesday forced to buy even mining stocks. for the profits months of a year has stopped five percent the biggest price increases were in cereals and beans which became almost twenty percent more expensive in non-food tobacco is up twelve percent and ten traditional inflation in russia in the second top of the gap bottle force is still expected to be around seven percent by three years and. russian language is all having a good start to the week but carlos casas at creech expects wednesday to be dull in comparison because investors are gearing up for news coming later this week the trend remains of boards we're seeing the emerging markets index actually has had a nice rally over th

and across asia china stocks are being pulled down by reports that a strategic shareholder and bank of china and the china construction time will sell its stake runs that make a use for aiding in the black financials are limiting broader gains after us and shares lost ground and no. other watching the markets will start trading in less than one hour the figures that you see on the screen are of tuesday's voter polls they are chosen by subscription around a quarter percent in the black on tuesday profiles forced to by mining and in the press to stocks. in place in russia for the past six months of the year has stopped five percent the biggest price increases were in. cereals and beans which became almost twenty percent of what spencer and norm foods tobacco use up twelve percent . traditional inflation in russia in the second top of the camp but of course is still expected to be around seven percent by the year's and. project which is all having a good start to the week but carlos consecrate expects wednesday to be dull in comparison because investors are not the news coming later this week t

over one hundred percent to she one percent in hong kong financials also on the selling pressure bank of china and china construction bank on the top of this. in russia the r.t.s. has already started trading in the red them i say there will be given trading in around three minutes time some of the biggest drags on the r.t. . luke oil and gas problem they are down around one percent as oil is declining bank stocks also lowers burbank losing point nine percent so it's preferred shares pretty much same picture and metals and mining stocks are also down or recourses of said we will have of course more next hour. really russian equities have been struggling for direction the past couple of sessions on one hand problems with western that are keeping investors a bay on the other hand i well prices are making stocks attractive for d.t.b. capital doesn't believe risk appetite will grow in the coming weeks going forward of the course of the next few weeks here it's difficult to imagine that investors facing such difficult headwinds see in the west would put on a lot of more risk and obviously russia bei

them watch these advantages disappear fifteen metres from the finish held on to touch the wolf bank of china at the bronze medal for the hosts as well phelps of those still some distance away from his own world record finishing just tons of two seconds all these one minutes fifty one point five seconds long. and finally back to football we've now reached match week seventeen in the longest ever russian prime illegalities and not a single goal is game last weekend with twenty one strikes and the all finding their way into the nat here is the pick of the action in our weekly goals galore. live . louise we live. we live live . live live . live. live. thousands fold for the moment coming up after this as the weather than kerry will bring you the main news stay with our team. download the official location to go on the phone only pulled touch from the q sounds to. life on the go. video on demand tease mine comes and says feed now with the palm of your. question on the dot com. in india. the move joint people chose. the gateway hotel the grand imperial trying to talk west coast coromandel let her

watch these advantage disappear fifty metres from the finish top held on to touch the wall first bank of china and with a bronze medal for the hosts as well well those stills of bestows away from his own world record finishing just under two seconds off these one minute fifty wrong point five seconds mark. and finally back to football we've now reached match week seventeen in the longest of our russian premier league season not a single goal is game last weekend with twenty one strikes and all finding their way into the mats here is the pick of the action in our weekly goals galore. live . lissa live a thousand schools with a moment coming up shortly after this is the one kerry will bring you the main news stay with our team. download the official placation chobani phone called touch from the on choose up story. video. cheesemonger comes. feeds now in the palm of your. question on the com. and.

>>reporter: the trouble is, as the people's bank of china knows only too well, the real value of compensation risks being diluted by inflation - which, despite three interest rate hikes over four months, accelerated in january to 4.9 percent year-on-year >>the spur was a four trillion dollar stimulus package - which cushioned china's export-reliant economy from the global financial crisis. in turn, this opened up the floodgates for huge levels of banklending that saw the money supply grow more than 50 percent in two years. >>it went to companies that bid up the price of land, it bid up the price of the natural resources around the world. when it did land in people's pockets, people put it into tangible forms of tangiblesavings like real estate or even gold. and so what you've seen in china is actually asset inflationand not necessarily consumer inflation. but eventually, asset inflation is a tricky thing. >>reporter: it's tricky because it feels like a boom. that is until inflation spread to payrolls andthe general basket of consumer prices - notably food. >>even those with strong buying powe

on one percent and hong kong financials are also understanding pressure bank of china is losing almost two percent in china construction bank is dropping beyond. two hours ahead of the opening bell here in moscow russian markets finished wednesday's trading session on a positive note here's our one percent my sex half a percent of russian equities are struggling for direction of the last couple of sessions on the one hand problems with the west and that are keeping investors are they on the other i will prices are making stocks attractive but beating the capital doesn't believe risk appetite will grow in the coming weeks. going forward of the course of the next few weeks here it's difficult to imagine that the investors facing such a difficult head wind see in the west would put on a lot of more risk and obviously russia being an emerging market it's hard to imagine with this in mind that we would head higher generally with feel that towards the end of the summer of the russian market would remain in the eight hundred two thousand range for the artists index we're now roughly in the mi

lowest in twenty eight months sparking more is about the future strength of the chinese economy bank of china is losing over one point seven percent of home calling this hour and in tokyo stocks are flats and i could save the lack of real progress and they do as that bad law is weighing on some exporters see the k. corp is shutting super science. and here in moscow there is just one hour left before the opening bell both markets ended wednesday session in the black with mostly chips off lower unemployment rates and accelerated retail sales in june to help boost investor confidence. and that's all the business news for now for more stories you can always check out our website it's all right. slash has this i found out. the best solution disciplinary on. the. word. of the penitentiary system transformer criminal into a law abiding citizen since the prison life behind bars on r.g.p. .

fifty meters from the finish the twenty six year old though showing a world class the gold first bank of china added the bronze medal for the hosts phelps though still some distance away from his old world record finishing just under two seconds off he's one minute fifty one point five cents mark. and said news now explains his sound winter olympic silver medalist in freestyle skiing jurors that her son has committed suicide that's why it's a nine year old was found in the you with a self-inflicted gunshot wound to have police also found as you said no but refused to reveal what it said after the american called nine one one rising from the shooting himself peter some have battled alcohol issues and was cited for driving under the influence on friday he will be remembered as one of the most colorful and hirees personalities in professional skiing. and finally back to football where now we've now reached a game week seventeen in the longest ever russian premier league season not a single goal this game last weekend with twenty one strikes in all finding their way into the net here is the pick o

percent at the close of siebel one percent and hong kong financials are coming under pressure bank of china is down nine one point nine percent rather and china construction bank one and a half as. is the opening picture in russia car bring you the my six figure this out of the obviously down point three percent let's. take a look at some of the main drags on the my sex actually let me tell you man you just perfect it is it's down point six percent this hour gastronomy lukoil are the main losers this hour the down one percent as the world is declining financials three t.v. and also down point eight percent telecom zygotes telecom is keeping the high volatile trading the stock has seen the past couple of months it's also down one percent. in the south he will be back in fifteen minutes time with an update i think that. indeed she's amazing.

the lowest in twenty eight months sparking war is about future strength of the chinese economy bank of china as news another one point seven percent hong kong this hour and in tokyo stocks are flat so negative the lack of real progress in the u.s. that deadlock is weighing on some exporters do you think a corporation is shedding two percent. and here in moscow it's two hours before the opening bell both markets ended wednesday session and in the black most new chips were off lower unemployment rates and the retail sales in june help boost the investor confidence. now looking ahead to the day's trading michael stein from that creates a financial corporation says investors will be affected by data from europe and the u.s. . today we see a p.m.i. i did it coming out of germany we see retail sales coming out of the u.k. investors who also pay close attention to that we u.s. initial jobless claims data in addition there's an important event increasing greece e.u. leaders will convene talk about the terms and conditions of the second greek name. and the ruble could be on a downward slide if resear

dropping more than one half percent so sheeple one percent in hong kong financials are under pressure bank of china is losing two percent and a construction bank is built as a miner so that's. one hour to go before the opening of trading for first day in russia on wednesday here because i'm pretty sure the r.t.s. game one percent of my six half a percent on russian equities are actually struggling for direction on one hand problems with west and keeping investors at bay on the other eye on the prices and making stocks attractive from easy capital doesn't believe the risk appetite will grow in the coming weeks. going forward over the course of the next few weeks it's difficult to imagine that the investors facing such a difficult head wind city in the west would put on a lot of more risk an obviously russia being an emerging market it's hard to imagine the with of the same mind that would have higher jungly with feel that towards the end of the summer of the russian market will remain in the eight hundred ten thousand corey trophy or to send that's when our offering in the middle of the range and i

dropping more than one half percent so she one percent in hong kong financials are under pressure bank of china is losing two percent and a construction bank is built to dropping one and a half percent this hour. one hour to go before the opening of trading for first day in russia on wednesday here's the closing picture of the r.t.s. game one percent of my sex half a percent of russian equities are actually struggling for direction on one hand the problems with western debt are keeping investors at bay on the other eye or prices are making stocks attractive i guess closer from b. to b. capital doesn't believe a risk appetite will grow in the coming weeks. going forward over the course of the next few weeks it's difficult to imagine that the investors face in such difficult headwinds in the west would put on a lot of more risk and obviously russia being an emerging market it's hard to imagine with a mind that we would head higher generally with feel that towards the end of the summer of the russian market will remain in the eight hundred two thousand for a trophy or chess index we're now roughly

lowest in twenty eight months sparking worries about the future strength of the chinese economy bank of china's news in just over one percent this hour and stocks are flat it's the lack of real progress in the u.s. that is weighing on some exporters t.v. k corp is adding over two percent. and here in moscow to be artsy as in the black point zero six percent right now my sex is about to start trading in both markets ended wednesday session in the black most blue chips were up and lower unemployment rates accelerated retail sales in june helped boost investor confidence. looking ahead to the day's trading michael signs for much greater financial corporation says and the best mood will be affected by data from europe and the u.s. . today we see the p.m.i. idea coming out of germany we see retail sales coming out of the u.k. investors will also pay close attention to the weekly u.s. initial jobless claims data in addition there's an important event taking place in greece where e.u. leaders will convene to talk about the terms and conditions of the second greek. the ruble could be on the downward sl

dollars meanwhile financial stocks are among the main losers of hong kong best real and commercial bank of china down one point three percent. and here in moscow the markets will start the trading day of just one hour ago both the r.t.s. of my sex and games are thursday and the growth was mainly supported by stronger energy and mining stocks. that saw the business news for now for more you can always go to r t dot com forward slash business in the meantime headline its next of carry. for the full story we've got it from. the biggest issues get a human voice face to face with the news makers on the. world. bringing you the latest in science technology from the realm slush. dump the future cover a good. morning news today in harlem says once again flared up. these are the images the world has been seeing from the streets of canada. showing corporations around the day.

million dollars meanwhile the national stocks are among the losers of home call with a commercial bank of china down one point three percent. and it's not looking too good. could spain on a possible downgrade banking stocks are leading the fall with shares of three point one percent and lloyds is three percent. greater vodafone rose three point seven percent. and here in bosco the markets erased thursday's gains will be down around point eight percent this hour the market players follow the global uncertainty over the. individual bits of advice x. or oil majors are among the major losers admitted weaker crude losing almost two percent this hour banking stocks are also under pressure with bad moscow down point eight percent the company reported a two and a half billion dollars loss last year. as power generator into getting almost four percent at this hour. that's all the business for now you can always get more. forward slash business in the meantime stay with the headlines. feel. the limits to feast sleep. six a. chance. the headlines for you now have r.t. america's biggest creditor china is o

meanwhile financial stocks are among the main losers in hong kong the industrial and commercial bank of china down one point three percent. and we have here in moscow both the r.t.s. and m i six raised to thursday's gains at the very start of the trading day market players follow the global uncertainty over the u.s. debt resolution. and looking at some individual moves on the my sex energy majors are among the main losers the middle weaker crude is half a percent nafta is losing one point three percent bucking the trend is powered generator into a rout it's three percent of the black this hour. that's off of the business news this hour you can always go to our team dot com forward slash business for more in the meantime headlines is next with carrie. a man of them a. fish .

half percent at the close to see one percent and hong kong financials are coming under pressure bank of china is down by one point nine percent rather and china construction bank one and a half percent is the opening picture in russia fortunately we can bring you the my six figure this out of the r.t.s. is down point three percent let's. take a look at some of the main drags on the my sex actually let me tell you manually just what the figure is down point six percent this hour gazprom and lukoil are the main losers the other down one percent as well as declining financials d.t.b. and also down point eight percent telecoms giant growth telecom is keeping the high volatile trading the south has seen the past couple of months it's also down one percent. in the south he will be back in fifty minutes time with an update i'll see that. in india in the movie joyce he has to be the case with the brand imperial trying to tell us to push coromandel you can to let her tell her to sit don't need to go and claim the colonel was such as risk or treat. welcome back you're watching r.t. live from moscow the

is the lowest in twenty eight months sparking more is about future strength the chinese economy bank of china is losing over one point seven percent in hong kong this hour and in tokyo stocks are flats and i could save the lack of real progress in the deal was that bad law is weighing on some exporters see the case corp is shedding two percents. and here in moscow there is just one hour left before the opening bell both markets ended wednesday session in the black with most blue chips off lower unemployment rates and accelerated retail sales in june to help boost investor confidence. and that's all the business news for now for more stories you can always check out our website it's our it's. business. be sure disciplinary on. the. words. could potentially shift and transform a criminal into a law abiding citizen. whose life behind bars on r.g.p. . that at that time for the headlines now. is a big current brussels on how to fund the continuing bailouts of the debts epidemic gripping into the in spain for the strains of un and it's no snakes. media mogul political tide some come under huge publ

actually managed to grow by a notch and this is because financial is managed to recover the bank of china actually ending down just one percent news to get to and china's construction bank point eight percent when i was talking one of the. european markets have just started their trading session and they started on a negative note still assessing this potential credit downgrade for the united states before it sees down point six percent at that point four percent. and finally let's move to russia the picture there of thirty flat flat to negative for this is up to two hours of trading markets have come back from a stronger fall soon after the opening an a g shares are coming back with gazprom the new poor losing now just to point five percent when they were losing one percent before financials and b.c.b. and burbank killed also weak but not so much as they were before thirty four percent. burbank band was thirty called was seeing yet another board trial version it was down more than one percent down. to really even with the uncertainty on the markets from capitol believes the construction

percentage point up three percent banking and technology stocks are on the line some home with bank of china up two percent and less of a group of words we set. fire to here in most markets will start trading and one else time both are just in the eyes it's closed strongly in the black on friday because this plane is supported by financial and she starts. well now michael staunch christian expects the week's be quiet the holiday season and lack of domestic data. we expect the week to be a bit quieter than last week given that we're now in the summer season monday because of course i july fourth the markets will be closed today in the united states this week investors will pay as usual close attention to external factors including inflationary data coming out of both the euro zone and united states and also keep an eye of course on u.s. jobs data in russia there are very few big events are scheduled one notable event takes place friday when the x five will release their second quarter operating update michael steiner it creates with his outlook of the week to come and that perhaps up the busi

meanwhile financial stocks are among the main losers in hong kong with the industrial and commercial bank of china down twenty percent. and here in moscow. already opened and a race earlier against the biceps will start trading in just a few minutes will have gained point eight percent on thursday with energy and mining stocks among the best performers. and russian equities have quietly again throughout the week at bats despite that was from the u.s. and europe but to be taken by virtue of capital says friday trade will continue to be a very low volume. today's not just a friday raise the month on friday so so that's why we would expect some some interesting moves in the market and is especially some of the worse that's the space people will do for us. it was about them otherwise we're still in a very quiet summer trading with volumes being depressed with people liking new ideas what the what investors will is the resolution of the something to the resolution of the crisis in europe and in the u.s. and i guess russia is going to be no exception so we're going to be tracking the global. markets pro

meanwhile financial stocks are among the main losers in hong kong with just real and commercial bank of china down one point three percent. european markets are losing as a crucial vote on the u.s. debt ceiling was delayed and moody's investor service puts out a review for a possible downgrade the banking stocks are leading the fall with shares in the three point line and voices three percent meanwhile mobile operator go to call rose three point seven percent after its u.s. joint venture horizon said it will pay a dividend. and over here in moscow the r.t.s. my socks to raise thursday's game very start of the trading day marker. players follow the global uncertainty over the u.s. debt for a solution. looking out some individual who saw the buy saxon of oil majors are among the main losers amid a week of crude after losing over one and a half percent this our banking stocks are also under pressure with the back of moscow down over eight percent because of the reported a two and a half billion dollar loss last year according to russian accounting standards for bucking the trend is power generat

dollars the role financial saucer among the main losers in hong kong with industrial and commercial bank of china down one thirty three percent. and here in the moscow the markets will start trading a day in about two hours time for both the r.t.s. seven five six games on thursday and the growth is really supported by stronger energy and writing stuff. i russian i could ease of quietly again to throughout the week despite that woes from the u.s. and europe are dmitri can you call that a virtual capital says friday trade it will continue to be in a very low volume. today's not just any friday raise the month on friday so so that's why we would expect some some interesting moves in the market and is pushing the sort of the whistlers that was space people would do for us or it's present them otherwise we're still in a very quiet summer trading with volumes being depressed with the people liking your idea is what the word investors are looking at is the resolution of all of the or something to the resolution of the crisis in europe and maybe in the u.s. and i guess russia is going to be the exception

meanwhile the national stocks are among the big losers of hong kong with a just real and commercial bank of china down one point three percent. it's not looking too good in europe as well as moody's rating agency has put spain on a review for. possible downgrade banking stocks are leading the fall that shares index should down to three point one percent and lloyd's is three percent in the red mobile operator vodafone rose three point seven percent of after its u.s. joint venture for rising said it would pay its dividend. and here in bosco the markets to raise thursday's gains will be r g s down around point eight percent this hour the market players follow the global uncertainty over the u.s. debt restitution and looking at seven digit leads of advice x. all majors are about the baby losers admitted weaker crude just losing almost two percent this hour the banking stocks are also under pressure with bad moscow down point eight percent the company reported a two and a half billion dollars that loss last year while bucking the trend is powered generator into rao it's getting almost four percent of

unlike many other countries including the u.s., china has trillions of dollars in reserve, and its bankse flush with cash as people here continue to save. many here argue china needs the new infrastructure. even so wong wonders how long the building can go on. i have no other place to go he says. i cannot afford to buy one of those commercial apartments, at least not unless the building boom here goes bust. and these high prices of apartments as well as food is really feeding in to public discontent here which is one of the reasons why the authorities have been trying to get on top of it and reign in to end inflation. pauline? >> so many challenges ahead even though we're cooling down at 9.5% gdp. thank you so much, eunice yoon from cnn beijing. over to you. >>> take a look at this. this has come in the form of a chinese national being appointed to a top level management post at the international monetary fund. the first time a chinese person has landed a job at the fund. talking about the chinese economist zu minh, named as deputy managing director by the new chief christine lagarde. sh

other problem you have, too, is that the communist party controls everything.k(q the head of the bank of chinahead of china telecom, which is basically american airlines, at&t, you know, they're all members of the communist party. you can't get anywhere unless you're a member of the communist party, and there's no mechanism for investigation if someone is corrupt. >> another celebration, we have 20 seconds or so. the other is happening in canada. big celebration for canada. >> o canada, william and kate are there. it was a big day. a 21-gun salute. i think we have pictures, what i thought was interesting and what a lot of the press are talking about, what kate was wearing, the maple leaf thing on her head, which is a hat, the dress is apparently the same dress she wore for her engagement photo, and the brooch she borrowed from queen elizabeth, this is all about kate being very frugal in these very difficult times. >> i love that she would wear something twice. oh, my. >> unlike dianea that sever wore anything twice. she said i'm not a clotheshorse, i'm am not going to only wear things once. >>

the scale of such loans could pose a threat to china of's entire banking system and the risk exposure could change the credit outlook. the trade manufacturer has plans to cut more than 1400 jobs. a move that will eliminate half of the entire work force. the decision comes after they failed to win a major contract to build more than 1000 train carriages in britain. >> of the contract is part of the plan to upgrade the rail lines. the consortium won the final better. the contract calls for the construction ofá 1200 train carriages. ththe deal is worth a total of about 4 billion euros. the first carriages are delivered in 2015. the transport minister says it represents the best value for tax payers. the product rule create 2000 new jobs in the u.k. operations and three of the supply chain. >> have posted rerd half your sales. selling more than 660,000 vehicles a between january and june. an increase of almost 10%. sales were fueled by china, india, and russia. sales actlly dropped in germany, but they expect strong growth in the second half of the year had it is on drive to achieve a sal

one of only three directors of the central bank of china. w generation of leadership. he has 3 million followers on the chinese the equivalent of twitter. [applause] karia is oen of the most thoughtful wefz participating in this first public debate on china or any other subject, ladies and gentleman, please welcome to the mock debates that 56 secretary of state of the united states, dr. henry kissinger. let's briefly run through how the next hour and a half will unfold. each of our debaters will have six minutes for their opening statements to make their case for and against this motion. and talking of timing, there's going to be a clock on the screen as we have done in the past; when you see it count down to zero join me in a round of applause for the debater speaking and that will ensure that we continue this debate in a timely fashion. after those opening statements, we're going to have our debaters cross-examine each other's views and opinions, and then we're going to bring you, the audience, into the conversation in three ways. we have s