we came to beijing to contribute to the city, he says.the government just tears down everything and leaves us. workers credited for driving the nation forward now being driven away. for cnn, beijing. >>> part of the reason the migrant workers may feel discriminated against is because of china's hucou system. like a naermt identide permit t where you belong. most allocated in the capital, workers living in the major cities are considered temporary residence and can't get one. those in a small town can get one if by joining civil service or through high military rank. those without a hukou do not receive the same entitlements as those receiving public housing and medical insurance. it's noted as many as one-third of residents do not have a beijing hukou. >>> and ending a 12-day hunger strike following parliaments exception of anti-corruption resignation. three main demands include appoint anti-corruption obmudsmen in states, and submit lower levels of government to more scrutiny and create citizens charter to oversee ministries. >>> coming

he is the head of a construction firm in beijing. he went to tibet three years ago to make his first purchase. >> translator: that tibetan dog you looked at yesterday, i can lower the price by around $90,000. do you want it? >> reporter: today, he keeps more than 100 mastiffs at his breeding centers. he focuses on rare dogs. they bring in good income. dog contests add value. past winners raise the profit of breeders. his reputation is well established. on this day, he gets a visit from a beijing trader. a well groomed specimen is presented, along with its pedigree certificates. >> translator: the price is $230,000. i can't mark it down. >> translator: no discount? >> translator: that is the lowest i can go. >> reporter: he is still holding his groubtd. ground the final price $230,000, double what he paid for it. the dog will be sold at the beijing market. dog breeders make a good living. he bought a new car last month. his next purchase will be an apartment. >> translator: the cost of tibetan dogs are rising year by year, making it a

he is the head of a construction firm in beijing. he went to tibet three years ago to make his first purchase. >> translator: that tibetan dog you looked at yesterday, i can lower the price by around $90,000. do you want it? >> reporter: today, he keeps more than 100 mastiffs at his breeding centers. he focuses on rare dogs. they bring in good income. dog contests add value. past winners raise the profit of breeders. his reputation is well established. on this day, he gets a visit from a beijing trader. a well groomed specimen is presented, along with its pedigree certificates. >> translator: the price is $230,000. i can't mark it down. >> translator: no discount? >> translator: that is the lowest i can go. >> reporter: he is still holding his groubtd. ground the final price $230,000, double what he paid for it. the dog will be sold at the beijing market. dog breeders make a good living. he bought a new car last month. his next purchase will be an apartment. >> translator: the cost of tibetan dogs are rising year by year, making it a

when you talk money flowing in beijing and shanghai.hat do you say about that restlessness that, over time -- assuming that the political environment remains stable -- that is a big assumption. >> i probably have a different point of view. speaking, china has had a strong civilization for thousands of year. i believe they think this is a return to what is the norm for them. there was a time when there were relatively weak compared to the west. that was an abnormal time. i feel that the people are coming in general, even the ones who are less wealthy, are proud of the country and they are willing to go along with the program that the government has basically led them along. i see an amazing peaceful coexistence. i have been living in china for the last couple of months. you walk down the street and people's lives have not changed for a hundred years. they cook outside and live in an apartment. yes, there is a restlessness, but i think they feel that the country is on a basic course to help lift up the people, that the level party has bee

eunice yoon joining us live from beijing. nina?or japanese commerce from atomic energy to food safety. we'll take a look at that in just a moment. you're watching "world business today" on cnn. who need imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> a bit of weakness for the euro against the u.s. dollar on the back of the ongoing concerns about the euro zone debt crisis. that currency trading at 1.4411, british pound, 1.6524 and the japanese yen at 76.57. welcome back. you're watching "world business today" today live on cn

with the sports news now you're telling me you can be a tally of the super cup is taking place in beijing i'm telling you no lies that's exactly right the first trophy of the football season in italy it's going to china simply because. spawn machines have been there already and they know there's a big piece of the pile of profits to be made from chinese fund so that's where the games taking place this year. finally back with golf club in hand does that right a long three months from a house and swung in. there's a big money tournament just around the corner let's see if tiger has what it takes again more not coming up in a second. great to have you with us this is sports today here on twenty four hour r t plenty had this hour including. run to anything better than a two nil defeat for grouping because i'm at home to do now my key tonight will see the russian side make that champions league playoffs. fury with google is in cases up fifty percent this year in the russian premier league we look at the reasons behind the worrying increase. back in the swing former golf world number one tiger

shi met with vice president joe biden in beijing on thursday. the chinese foreign ministry said he expressed concern about the global economy saying turmoil in the financial markets is intensifying and global economic growth faces economic challenges. he called for working together on economic policy. apparently urging the u.s. side to take steps to stabilize the market. in reply, biden said cooperation and action by the u.s. and china are critical for sustaining global confidence. in the talks, shi also touched on the issues of taiwan and tibet saying they involve china's core interests. he asked about the arms sales to taiwan and its treatment of the exile tibetan spiritual leader. >>> in spain, thousands of people have taken to the streets of madrid to protest against a costly visit by pope benedict xvi when they are saddled with huge debts. the pope came on thursday to attend a mass to be held on sunday. on wednesday several thousand people angry over hefty security costs for the visit held a protest. at least two people were injured in a cl

shi met with vice president joe biden in beijing on thursday. the chinese foreign ministry said he expressed concern aut the global economy saying turmoil in the financial markets is intensifying and global economic growth faces economic challenges. he called for working together on economic policy. apparently urging the u.s. side to take steps to stabilize the market. in reply, biden said cooperation and action by the u.s. and china are critical for sustaining global confidence. in the talks, shi also touched on the issues of taiwan and tibet saying they involve china's core interests. he asked about the arms sales to taiwan and its treatment of the exile tibetan spiritual leader. >>> in spain, thousands of people have taken to the streets of madrid to protest against a costly visit by pope benedict xvi when they are saddled with huge debts. the pope came on thursday to attend a mass to be held on sunday. on wednesday several thousand people angry over hefty security costs for the visit held a protest. at least two people were injured in a clas

years of all beijing are taking many measures of the policies of the steamy with investments or sold in convert to the foreign direct investment in china oversold they try and have many. policies to our reform the income distribution mechanism to try to you then seeing that disposal income off of all people and to try to stimulate that you pointed to so i think if i assume these measures the chinese also if you don't want to make these economy much more independence so i think in the near future you will say though so many new steps will be taken by beijing all story is to be able to is over you call me on the title stance and cooperation between china and the yosh and countries thank you very much mr shots. director of the center for international monetary research thank you. well the russian markets are trading in the red are following the global trend while european banks and companies are rapidly losing in price let's get the very latest from a readout from our business desk so marina i guess those hopes for a day in the black have been shattered now well it definitely looks like

it is the students here in beijing and their counterparts in the u.s. that will decide how our two countries deal with each other in the future. i have come away from this journey as i have with some of the other's thinking that what we need to do is talk to each other and listen to each other and fines -- and find what makes us the same residential land on what makes us different. >thank you for hanging out with us. . next time, keep the faithext tip our trip to china. >> every community has a martin luther king jr. boulevard. this is the cornerstone we all know. this is not just the street or a boulevard but where wal-mart stands together with your community to make everyday better. >> nationwide insurance supports tavis smiley. with every question and answer, nationwide insurance is proud to join tavis in working to improve financial literacy and remove obstacles to economic empowerment one conversation at itional funding provided by -- >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet pub

as vice president biden drops by beijing to make nice with their presumed future leader. when the bayi rockets and the georgetown hoyas took the floor, all that good will turned into punches and kicks. flying water bottles and menacing folding chairs. it's just the latest example of sports imitating life. our relationship with china played out in parallel. 1971. relations were completely frozen until a u.s. table tennis team broke the ice. it was a huge turning point, best described by forrest gump. >> they decided the best way for me to fight the communists was to play ping-pong. we were the first americans to visit the land of china in like a million years or something like that. >> reporter: a year later president nixon went to beijing, and our relations changed forever. as china's stature grew on the world's stage, so did their sensitivity. taiwan dominated the little league world series with 17 champions over the years, but of course china considers taiwan their island. and with enough political pressure, the little boys that show up in williamsport each year are now

. >> chinese vice commercial minister announced the trade outlook at a news conference in beijing on tuesday. he said the problems in europe and the united states will have a big impact on chinese imports and exports. china's economy has continued to expand rapidly, in part due to the relative weaknesof its currency yuan against the dollar. exports of chinese products to europe and the united states are slowing and the country's ports of r materials are exedcle. th h prod omto express worries about a possible slow down of china's economy. >>> japan's all nippon airways says it will be the world's first airline to operate boeing's newest passenger plane the 787 dreamliner. ana announced on tuesday it will receive delivery of the aircraft in late september and operate the plane's first ever commercial flight on october 26th. the flight will be from narita airport to hong kong. ana also says it plans to start using the 787 for regular domestic flights on november 1st linking tokyo's haneda airport with hiroshima and okayama. the carrier plans to use the dreamliner for regular internatio

yasheng huang, what is going on in these meetings in beijing?lot like attempts at mutual reassurance? >> well, i think there are several things going on. vice president biden wases to engage his chinese-- the other side-- the-- on the other side who is going to be the president of the country come 2013. the other thing as you pointed out is that he wants to convey to the chinese that the u.s. is going to honor the obligations to the chinese, and the chinese are the biggest holder of the u.s. treasury debt. so that assurance is very, very important. i'm not sure how convincing he is, given that his hands are tied by the republicans in the congress, but that assurance is very,important for the united states to convey to the chinese. >> gordon chang what, do you see? we said not very long ago there was a very public scolding of the u.s. in zing how. how do you see it. >> clearly, vice president biden wants to make the chinese comfortable. but we've got to remember that the united states is in trouble in large part because of the global imbalances i

we have a house in beijing. i really love... >> rose: belonged to a former mayor.laughter) >> he's been to our house. as a chinese when i'm traveling with my husband or alone, everybody around the world asks me about china, what's happening there. >> rose: because of its strength and its power and >> and because they don't understand a lot of things in china so that's why through this movie you understand more about chinese culture. also what's going on in shanghai hopefully encourages you go there and visit. the other thing i'm thinking is that people, it doesn't matter what culture you live in, what time, human relationships, how you're dealing with pain, suffering, sacrifice, happiness and everything important in life is all the same. we're more similar than different. >> rose: when you were acting this part, did you reach back in your own mind to friendships you had? did you think about the meaning of friendship as you brought lily's story to life? >> actually, i do believe this kind of relationship. i do have a very best friend in my life who is my roommate wh

tightening from beijing there is starting to take effect.n who has worked china's real estate rise to his advantage, is vincent low e. it's one of the biggest foreign developers in china. now, i met him earlier and i began by asking how these five rate rises that we've seen in china so far, plus countless almost curbs on bank lending are affecting the mainland china property market. >> of course, trans section has dropped dramatically. but prices are holding firm. >> why is that? >> because basically there's no outlet for the money. the end of march, there's 77 trillion in the savings account in china. and these savings account all earning negative interest. >> this is exactly what the government wanted to tackle, high prices. what do they do now? >> well, right now it's not the prices are not coming down, but transaction volume is. with stringent measures that the government introduced, for example in beijing, you need to show five-year payment before you can buy a flat. in shanghai, every family is allowed one flat. what i've seen, which i

they can get a server in beijing. what difference does it make year or $3,000 buys 10,000 computers for 30 minutes. nobody has ever been given 10,000 computers for 30 minutes for $3,000. it is in the question that they looked at me at that stage and went, "what would i do with that?" that is the seat of the next step. there are lots of examples already happening around us, but this is the magic. as soon as the smart kids out there start figuring out what you do, we ignite this thing with a rocket ship. this has nothing to do with total cost of ownership or any of that. it has to do with being able to do things we economically could never do before. i will conclude i see the floor. >> thank you, tim. simon. >> well, now you know all about how computing. [laughter] let me give you a slightly different angle. i think of the cloud as being roughly categorized into two worlds. there is the clout as envisaged and manifested within the enterprise, which includes the city of santa francisco. large organizations of people who

now two thousand and eight beijing olympic gold medalists carmelo anthony correspond weighing weight have wrapped around their weeklong basketball tour of china three of the n.b.a.'s marquee stars however find their futures still uncertain as the league's labor dispute shows no signs of being resolved the pounds in beijing would no doubt love to see such top caliber names come and play in the chinese basketball association the star trio themselves saying their options remain open while keeping a close eye on the go stations back home folder and be biased even moderate plays in china above the two time old stars said most american players would find the extremely long training sessions tough going but anthony said that so it wouldn't be a problem should a potential move transpire. but. we've been training all our lives so as far as training and their goals. you know this comes with the territory but as far as coming over here we always says there's a whole show that options open hopefully we want it to go well you know we hope we have a season we're. on to other news now a bruising ol

who's the deputy director of the center for international monetary research joining us live from beijing thank you very much for being on the program now when asian markets fell sharply following the downgrade of the aaa rating of the u.s. analysts called it a panic short term reaction but what is that we're seeing right now that. well. there you motion over uncertainty. to go where. are the performers so focus. in on. all asian common trace of educating china are very bad i think that these emotions of pentagon sort of there will last for a while people warning about the circuit the diva all circling the recession all for us are you calling me as well as the japanese on the euro being called me and they also warning about the capital you flow in the halls speculating capital you full and appreciation pressure and also a warning about the inflation will become very serious and very bad in the future so people of. all these issues i mean you were talking earlier about the worries in asia china especially about the second recession a double dip basically how do you think asia can safeguard

trials of its first stepper aircraft carrier although building the future carriers will take time beijing is already heralding a new chapter for the country's naval fleet gordon chang for forbes business magazine says that its neighbors need to keep a close eye on what's happening it says its new aircraft carrier is for scientific research and training well of course it's not it's meant to try to intimidate countries in the region especially in the south china sea where china is claims the entire body of water as an internal chinese lake and of course china wants to project power not only southwards but northwards towards mongolia and russia they talk about the last territories clearly beijing wants to get the use territories in a later date but no country right now threatens china and that really is what is bothering the countries in the neighborhood and the united states and basically what's going on is there is a military build up which really is the biggest in the past is in the world today it is most recent wired to talk about information technology and cyber war also clearly they're

military machine but it will take several years to fully equipped the vessel but beijing says its navy is already entering a.

we have the report from beijing. >> it is back to the soil for some of china's city slickers. during the week, their teachers, pr consultants, and computer programmers. on the weekend, they get their hands dirty. >> when we don't grow things by ourselves, we worry about the safety. >> people here are increasingly worried about what they feed their children. at this farm, the kids are free to pick and choose. the last major food scandal is still fresh in parents' minds. this child was a victim. his parents fed him a baby formula they thought it was safe. it turned out to have -- at least six children died in the scandal and over a quarter of a million fell ill. they continue to worry about his health. he wants justice for his son. >> i think the government needs to bear responsibility. our court case keeps getting delayed. i'm trying to control myself. >> the latest scandal to hit china was the case of the exploding mellon's. this is one of thousands of farmers affected by the problem. it was caused by the overuse of the growth accelerant. a quarter of his crop simply blew up.

it reduced the number of daily round trips on a line connecting beijing and shanghai from 67 to 88. that will give workers time to repair cars. the beijing tan gin line, the maximum speed reduced to 300 kilometers per hour from 350. >> translator: it's better to reduce the speed if safety can be ensured. slowing down is a good idea. >> translator: the cause of the accident should be determined, but it's not necessary to reduce the speed of the trains. >> the chinese government plans to disclose the result of its investigation into the accident by mid-september. it says they'll freeze the approval of new high-speed railway construction projects for now. >>> a tibetan monk has died after setting himself on fire in southwest china. a radio service says the man was protesting the chinese government's crackdown on religious activities. the xinhua news agency reported on monday that the 29-year-old monk committed suicide in garze tibetan autonomous prefecture. they say it was unclear why he killed himself. but the voice of tibet, a norway based radio service for exiled tibetans had a diff

experts are saying the trail of evidence leads annoyed one voice and only one direction and that is beijing china it does because the security firm who i'm covered the cyber attacks say that is very good so where does the mainstream media get off at pointing fingers. good evening it's wednesday august third i'm lauren lyster here in washington d.c. and you're watching our t.v. well the united states may have barely averted a default on its debts but it didn't tackle its overall debt problem nor did it show washington's ability. the two point one trillion dollar deal is spread out over ten years with many of those cuts still t.b.d. and it doesn't make much of a dent in the fourteen point five trillion dollar debt as it stands now it also doesn't tackle the money promised unfunded liabilities such as entitlements some put that bill it two hundred eleven trillion dollars but with the u.s. being the pursuit of solutions for other countries such as russia in the past is it time for the us to get a taste of its own medicine we'll talk about that but first a look back it's in u.s. prescriptions. c

you spend all your time shopping in beijing and all of your time shopping in the clubs.d a large part of what china is about. you spend time with these migrants and children and you get a chance to see the west of china, the majority of china. -- the rest of china, the majority of china. it was depressing in a lot of ways but actually a very uplifting in other ways because everyone of these migrant workers that i met, everyone of their children, smiles on their face, joy in their heart, happiness in their soul. i am walking the door and they are offering me water and food. -- i walk in the door and they are offering me a water and food. they had little and they offered you much. that is a moving experience. >> they have smiles on their faces, don't they. tavis: coming to china has been a great trip. until next time, keep the faith. we will see you then. >> every community has a market the king boulevard. this is the cornerstone we all know. this is not just a street or boulevard but for wal-rt to gather with your community to make everyday better. >> nationwide insurance

tavis: uc proof of that in big cities like shanghai and beijing. people are making money.hinese officials have moved 300 million people live there -- out of poverty into the middle class. despite recent concerns about inflation, the economy is thriving. china has more billionaires than any country other than the united states. feeding this economic boom is china's educational system. it has been criticized for not fostering independent thinking butted is also graduating hundreds of thousands of top students in science and math. that is why multinational companies like microsoft have established beachheads in china. why do you think the largest r&d campus outside of redman for microsoft is in china? >> talent. the amount of talent to lookout in china. every year, we graduate 6 million people. 1 million are in computer science and electrical engineering. things to do with information technology. it is different from the u.s. the best and brightest students work in engineering tavis: statistics like that -- like that make us uneasy. those footsteps are making for some restles

those comments have on settled beijing. >> beijing is now flying the flag of the transitional council. china did good business with his regime, mainly in the oil industry and on construction projects. >> as we all know, the situation in libya has affected china ' s investment activities in the country. we hope after a return to stability that libya will continue to protect the rights of chinese investors. we hope to have cooperation with libya in the future. >> before the uprising, the country exported 1.6 barrels of oil per day. that is down to 160,000. some facilities have a bet -- and then abandoned, others destroyed. >> shares rose on hopes of a further easing of u.s. monetary policy. german stocks did struggle and then managed to lock in their first gains in six sessions. >> in the morning, the dax had a cheerful start to the trading session. there was a big disappointment, falling back to levels last seen in december, 2008. the dax could gain more than 1%. deutsche bank was lowered. not only on the and during that crisis, but the united states of america is fighting -- filing a

on the beijing-tianjin line speeds have been reduced. >> translator: it's better to reduce the speed if safety can be ensured. it's a good idea. >> translator: the cause of the accident should be determined, but it's not necessary to reduce the speed of the train. >> the chinese government plans to disclose the results of the accident by mid-september. it says it will foresee approval of new projects for new. >>> meanwhile, china's railway ministry has fired its spokesperson who drew criticism over his comment on the handling of the accident. an english version of the state run xinhua news agency said that ying was dismissed. at a news conference on july 24th, one day after the accident, he said it was necessary to bury the damaged carriages to make way for mechanical equipment that would help with rescue efforts. his comment sparked strong criticism as it seemed to deny any coverup of the accident. wang also said he was confident about his statement whether people believed it or not. a 2-year-old girl was pulled from the wreckage still alive. wang called the rescue a miracle of life

an international relationship goodwill basketball march in beijing between the american team and the chinese squad turns into anything. more than the story in a moment but three would play only one would win. a russian club the taste victory in first leg league third run qualifying matches on thursday were among cost rev took up the seat for the real women's tie. the looking with the sparse like moscow marquee would normally sell out their railway man stadium which fits around thirty thousand fans but this time there rena was only half full as they seem also cold sports talk by the way right from the small town of that anathema in slovakia but no matter how big our little club may be any teams european and dishes are always huge looking at steve are most probably the strongest side in this time as they've already put the match to bed in the first half in auckland by of open for the home team after thirty four minutes of play bloody sloppy could not have set up they magical score who demonstrated britain dribbling skills on the edge of the penalty area and send the ball into an unreac

the model runs on the line between beijing and shanghai that opened in june. as a result, daily is fs services on the route will be diminished by 18%. also the maximum speed will be cut from 350 to 300 kilometers per hour. the top speed will also be reduced from 250 to 200 kilometers per hour on other lines. due to these changes, the ministry will alter train schedules starting tuesday. the chinese government said on wednesday that it will freeze approval of high speed railway construction for the time being. japan and china have agreed to work closely together after the recent talks between north korea and the united states aimed at resuming the stalled six party talks on the north's nuclear program. on thursday the japanese foreign ministry bureau chief met with china's special envoy to the six party talks. >> translator: japan and china have agreed to talk seriously and the approved dialogue. >> but he made no mention of north korea's uranium enrichment program or japan's specific approach to restarting the six party talks. china's special envoy wu expresse

and international relations a goodwill basketball match in beijing between american and chinese teams turns into anything but. dick advocaat has named dates once a month schooled for the upcoming year. against macedonia and islands russia will play both games that go most of time but the second and six no changes have been made from their recent friendly game against them on g.'s latest acquisition defending a call for their. spend admitting the big brothers are likely to bog know one another in the central defense an exam that gets the call has recovered from a knock picked up again. serves and will be buying with their money but a chunk of rock and captain. for a place up front. now three would play but only one would win like mines in moscow the sole russian club to taste victory in the first leg of europa league playoffs on says day and i'm on course or if imports. looking with the sparse like moscow marquee would normally sell out of their railway man stadium which fits around thirty thousand fans but this time their e-mail was only half full as they seem also cold sports talk by

the model runs on the line between beijing and shanghai that opened in june. as a result, daily is fs services on the route will be diminished by 18%. also the maximum speed will be cut from 350 to 300 kilometers per hour. the top speed will also be reduced from 250 to 200 kilometers per hour on other lines. due to these changes, the ministry will alter train schedules starting tuesday. the chinese government said on wednesday that it will freeze approval of high speed railway construction for the time being. japan and china have agreed to work closely together after the recent talks between north korea and the united states aimed at resuming the stalled six party talks on the north's nuclear program. on thursday the japanese foreign ministry bureau chief met with china's special envoy to the six party talks. >> translator: japan and china have agreed to talk seriously and the approved dialogue. >> but he made no mention of north korea's uranium enrichment program or japan's specific approach to restarting the six party talks. china's special envoy wu expresse

and international relations a goodwill basketball match in beijing between american and chinese. and. dick advocaat has named a twenty man schooled for the upcoming year olds who ended twelve qualifiers against macedonia and ireland's russia will play both games at home on september the second and six changes have been made from their recent friendly game against their latest acquisition defend the unit. which is suspended meaning the brothers are likely to know one another in the central defense examine to get a call has recovered from a not picked up against the sabs and he will be vying with their mom. and captain andrea shaaban for a place up front. now three would play but only one would win look at school as so russian club to taste victory in the first leg europa league playoffs on thursday and run call serious reports. the looking with the sparse like moscow marquee would normally sell out their railway man stadium which fits around thirty thousand fans but this time their reno was only half full as they seem also called sports talk by the way right from the small town of

. >> well, this is happening earlier in the year as my wife and i were in beijing for a couple of monthsrotests that swept across that part of the world, there were inklings of the same thing in china, and first peaceful marches in beijing and shanghai and immediately the government cracked down very hard. there was a sense of trying to have the same kind of civil lib er tis protest that we had seen in the arab countries, but the response was quite different in china. >> and i would ask you that the protests had a lot of fuel from young men who were unhappy with their situations, but in china, the same could not be said there, because the state had a big response compared to the actual protesters, right? >> yes, there was a mystery. most of the observers foreign and chinese tried to explain about what was happening in china, because objectively as you say, all of the things that propel the arab protests were not true of china. the chinese economy is a success and not a big pool of underemployed young people, because there are few young people with the one-child policy, and it is the case