it's in the remote sichuan province in reality from beijing. a few days she'll have to move again and she still has many goods she hasn't sold yet. so you are not from the lemon you got into how you are. not in your bags. like you can just. in a few months beijing will have five hundred thousand fewer residents it's the first time in two decades that its population is declining. seven million brule migrants still remain for that day to this season they helped create. in afghanistan billions of dollars of international aid have been. donated to girls' education but where has the money gone when east meets girls desperate to learn and asks why is the system failing them on al-jazeera the globe in the united states i learned that the first amendment is really key to being a freedom of the challenges going to be. men and women to the resources that are available what makes an al-jazeera story is that we just don't tell you what the subject of the story wants to know the government is not going to do the one thing the demonstrators want to apologize

from beijing. a few days she'll have to move again and she still has many goods she hasn't sold yet. so you are not sure that one minute jim can tell you a. lot on your bags. like you can just yet. in a few months beijing will have five hundred thousand fewer residents it's the first time in two decades that its population is declining. but seven million brule migrants still remain without a true asked to leave the season they helped create. in afghanistan billions of dollars of international aid have been donated to girls' education but where has the money gone when east meets girls desperate to learn and asks why is the system failing them on al-jazeera. eleven years on and gaza is still under israeli blockade. now as the pressure grows we find out what life is like under occupation. the people of gaza talk to al-jazeera and hundred forty twelve on. u.s. and british companies have announced the biggest discovery of natural gas in west africa but what to do with these untapped natural resources is

migrant workers who came to beijing to build clean and feed the capital. but they no longer fit the dazzling image president xi jinping wants for his showpiece capital. so the city is getting rid of its poorest residents. and steve cho on this episode of one of one east we witnessed the massive dictions and demolitions reshaping beijing. here in the beijing suburb ocean john it's outside the fifty three mud about fifty kilometers from the city center into recently almost one hundred twenty thousand people lived here now they must leave. a major yes and that delay should actually question that leader that has not run up on earth and not just someone they're not going to meet them out of town and i'm sure that you will hear. i found the montana judge shocking images are they here any of another novel. yeah. are you talking about that you know probably not enough trigger a woman on the. this woman lived and where to go with their husbands now the small shop i rented is nothing but a body stump. and what are the children who were later going to come. down from

so it's playing it safe which means lending support to beijing's initiatives. when german chancellor angela merkel visits china she works hard to obtain concessions for german companies. germany's automotive industry and volkswagen in particular want to maintain market position. germany fears that china may impose restrictions football is another way to help secure the future of german businesses here. german companies have been seizing every opportunity to strengthen their stake in china. provokes wagon that also means launching its own local football initiatives. and we want to contribute to this society one of the things we are doing currently very actively east to do education for the young people in terms of you know child safety and so on especially in the sports like soccer this is what we're doing right now we believe you know soccer is very healthy very active and it matches our company's value a lot. folks wagon china has an edge over other companies volkswagen owns a bundesliga team which is keen to establish a stake here. marketing director tim yank

beijing's football plan is end but as always the devil is in the details. the partnership is showing its first signs of success at least for volkswagen and. at a televised speech president xi jinping gave to mark the new year there was a photo in the background of the chinese head of state together with young players from wolf's work. force for good executive tim you are often uses that video to launch his marketing presentations having one of the world's most powerful leaders in its corner is a major coup for the club but. he also has a photo of president xi jinping with former volkswagen c.e.o. my. this was was a huge stroke of luck for us. during his visit in germany there was a match between a blood sport used team and the chinese used and he really is a big football fan. even looking toward china in its own stadium in germany it's the only german club that shows perimeter advertising intended for chinese viewers to. watch. in a tape off pretty quickly. the first year we had to pinch the concept foreign partners and all that. but then thankfully it star

must be taken over beijing.ems like they are doubling down on the tray terrorists, and also here, julie, it's interesting that we are getting a line saying the president has directed the u.s. trade representative to identify $200 billion of chinese goods for tariffs. we could be seeing a second trend here, potentially. a third. i am losing count. subject to would be additional tariffs, $200 billion of goods. this will happen if china refuses to change its practices. really interesting. he says once again, and this is something the president said many times, that he thinks the trade relationship should be more equitable, even as he is making this comments. have an excellent relationship with president xi, and we will continue working together on many issues, but the united states will no longer be taken advantage of by other countries in the world." sort of trying to say the relationship is still strong, but we are going to be tough. coming on from what we heard from the secretary of state, mike pompeo, earlier a

one of those has stopped in beijing on the way back.en the north korean and chinese governments. back to the studio. thank you very much about. stephen donald in beijing, chris buckler in washington, and robin brant in seoul with the reaction around the world. we'll have more reaction to the summit in a moment. first, let's take a look at some of the day's other news. the british government has escaped a defeat over its key brexit legislation. mps rejected an amendment that would have given parliament the power to veto any deal agreed with the eu. but the british government had to strike a compromise and give mps more say in the government's approach. here's our political editor, laura kuenssberg. tory rebels held their fire. they kept faith with the government and did not defeat theresa may because they believed they had a personal promise from her herself from the prime minister's own mouth, in a private meeting with them, packed into her office during the debate, that there would be a change. they believed she gave them a guaranteed

trade talks in beijing of wrapped up with china warning the u.s. that any agreements between the two will be off if trump goes ahead with his threatened tariffs u.s. commerce secretary wilbur ross has been holding talks with chinese leaders in beijing earlier in the day he praised his meetings with china's vice premier as friendly and frank last despite the two countries threatening to attack tariffs on goods worth up to one hundred fifty billion dollars each let's go live now to john hendren in washington so it looks like the chinese are digging their heels at. that's right president trump has been sending trade representatives all around the world trying to make a better deal for the u.s. and he's really focused on trade deficits some economists would say too focused on trade deficits after all i've got a trade deficit with ralph lauren i buy their suits they don't buy anything for me but in the end we both get something of value and in the case of china there's a three hundred seventy five billion dollars trade deficit wilbur ross tried to get c

have backed themselves into corners and in a sense washington is asking beijing to in a sense. change the whole way it does business with the united states and that includes in many ways getting president xi jinping to roll back on one of his key policies this is known as made in china twenty twenty five this is his way of trying to push china up the value chain by focusing on the high tech industry that the but the united states says that china is doing that by heavily subsidizing it by pouring billions and billions of dollars of government money into the high tech sector and that's creating according to washington an unfair playing field and also there is of course you know that the trade deficit this simmering issue between washington and beijing at the moment china exports you know far more to the united states than the other way around last year the united states took some five hundred billion dollars worth of chinese imports china took about one hundred thirty billion of u.s. imports that means that at the moment this could potentially be quite serious for china because t

in beijing.ust be word in beijing as well. steve: absolutely, i am sure there is tons of discussion behind the walls and shanghai on how to counter this. president xi jinping is a nationalistic leader like president trump, very different from the old adage of deng xiaoping about hiding your strengths and biding your time. placehas firmly put its on the global stage as a leader, and they don't want to show any weakness. but we are hearing from sources, that there are some very prominent economists, who have circulated a number of papers around china, that are being censored on social media as well, stating that perhaps the leadership in china has miscalculated the extent of the anti-china sentiment in washington, and that perhaps of course, the chinese economy is to been reliant on exports growth, at a time when there are some cracks in the wall. ramy: steve, thank you. stephen engle there was the chinese side, out of shanghai. speaking of anti-china sentiment, let us look at what washington. in t

up a bleak day for world trade us president doll trump slaps the billions in tariffs on china and beijing promises to retaliate it's. been presumed we'll have that and a whole lot more coming right up and i'll see you at the top of the hour. climate change. waste. pollution. isn't it time for good news eco africa people and projects that are changing our lives are meant for the better it's up to us to make a difference let's explain each other. a good environment magazine. long d.w. . i'm not proud of and they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made for mines. at the. german translation and you frontin the trade route with the united states beijing also promises to immediately hit back as the us president announces billions of dollars more in tax. and drowning in dance how to save a caribbean island from sinking just go christine. i bid for one let's do business the trade route just moved up a few notches donald trump hitting china beijing saying it will

beijing reduced imports from south korea, beijing, and india. ta ke korea, beijing, and india. it will take place on july korea, beijing, and india. it will take place onjuly one from soy beans to medical supplies. from the looks of things, china wants to be on the good side of asian neighbours, isolating the us from its regional allies. thank you. now let's brief you some other business stories. the us has told its allies to cut all oil purchases from iran to zero by november, as it prepares to reinstate sanctions against the country. the state department said it does not plan to offer waivers or allow countries to wind down imports from iran. oil prices jumped following the announcement. two us senators have urged president donald trump to reconsider his agreement with zte, saying lifting a ban on china's second—largest telecommunications maker poses "a significant threat" to national security. "zte, though publicly traded, is a state—backed enterprise that is ultimately loyal, not to its shareholders, but to the chinese communist party and ch

commerce secretary wilbur ross has been holding talks with chinese leaders in beijing. savannah's former prime minister's version early parliamentary elections as rightwing anti immigration party is likely to win the most seats but will have to find coalition partners to form a government israeli warplanes have attacked the gaza strip after rockets were fired from there these really military target fifteen hamas sites including weapons stores how much hasn't claimed responsibility for launching the rockets which the israelis say were intercepted intense exchanges of fire last week escalated tensions. rescuers are looking for survivors from a collapsed building in the kenyan capital nairobi police say two people were killed rick last claims four people being pulled alive from the rubble of the five story building farmers in northern india demanding a fair price for their crops with some on a ten day strike they want traders to pay more for their products and they want financial aid from the government more than half of india's farming households are in debt despite numer

it's a tom mckenzie in beijing.gh the swift reaction in beijing saying countermeasures will be taken if the u.s. pushes ahead with the proposed $200 billion of chinese goods that could be subject to further tariffs. joining us for analysis is jonathan barrett who is the chief investment officer, $50 billion you saw the markets taking notice this week, $200 billion, what happens? >> tit for tat. whose got the --s who got the biggest balance sheet. when we see trump, he comes without with punch bus then it's watered down. hopefully we see people come to the table, both countries come to the table and come up with something sensible. trade wars and tariffs we know, nobody wins. haidi: short-term we're talking about a bump unwhen it comes to inflation, longer term, could you argue you end up seing a real drag on economic growth and deflation? jonathan: absolutely. i think the markets are starting to price it in, to say at the end of the day the growth we're expecting won't be there. we've got to lock for new profits, ne

beijing outlining tariffs on exports.dent promises to impose the additional tariffs if they follow through. writing that further action must be taken to encourage china to chain the unfair practices. china once again promised to strike back accusing the u.s. of pressure and extortionist behavior. the tariffs are shaking global markets. asian stocks at a four-month low. dow is down 400 points. >>> breaking news. kim jong-un going to china today and tomorrow. he is expected to brief xi jinping about his summit with president trump last week. let's go live to matt rivers. remarkab remarkable diplomacy. what do we know? >> reporter: we don't know a lot yet which is standard for when north korean leaders visit china. we are not usually told the leader was here in beijing until after he left. that is what happened the first time when kim jog-un came here in march. we got a quick readout from state media only confirming that kim jong-un would be here today and tomorrow before heading back to pyongyang. no official readout. we ha

we break down beijing's ambitious goals. it is friday, everyone. good morning, asia, hello, world. you for joining us. first you have books and then music and now medicine. amazonas in the process of acquiring online pharmacy company pillpack in a move to put the world's biggest online retailer in direct competition with drugstore chains, distributors and others. i am joined now by my colleague to discuss this. they do continue to expand their business for print. they do. and this care come a time —— time it has been previously reported that amazon was looking to enter this market and this confirms their entrance, sending shares for its rivals down by six or 10%. amazon has not said how much it paid for this more online retailer that it has been reported that it was about $1 billion. you mentioned walgreen 's and cvs. what has been their reaction to this acquisition i am a song? the ceo of walgreen says he is not too worried about the deal, saying that the industry is a lot more complicated than merely sending medication to customers. he probably is right to not be too worried yet

does threatened by both beijing and the united days.oint -- at what point do you take away from the benefit of the markets that you see from tax reforms? >> i think we still have a francois hollande the negotiation process. -- a front seat to the negotiation process. i think trump has the winds on the table and he can choose to do it whenever he wants. i take -- i think a lot of the trade talk, i think we get favorable deals going into the midterms. >> this is the question. how much potentially more of a boost do you get from even tariffs some aspects to be inflationary? think the tax side, i think it is flowing through. would people haven't recognized is that corporations not only got the tax cuts, but it was even bigger than people expected. that is what you see analysts having to raise earnings faster. the other cool thing about tax cuts is you start to invest in projects that have a return on them so you get return upon return. , they aree estimates accelerating. behavior not typical at the end of a bull market. i think there is sti

and the resorts to get to beijing, to court, not beijing has approved a go-ahead for -- now beijing hasa go-ahead for this. haidi: what are the rules when it comes to gaming in china? is the only legal gambling, legal casino gambling, within the entire country.that has been the rule since as long as we know. and it has been a big boom from the cow. -- macau. collecting gambling debts are illegal. the rules are strict and that has led to the massive growth in macau. you do have these entrepreneurs nearby looking for a way to skirt that by offering prizes rather than cash. it is a big difference, because in macau they have a separate currency, so when you do gamble you are also changing currency, and that would be a big difference with hainan. haidi: thank you for that. that is all for "daybreak australia." daybreak asia is up next. >> we are watching the trade tensions, and we have william at the american chamber of commerce. we will be talking about what comes next. he says the u.s. feels like they have run out of options to get china to seriously address the imbalance in the trade rela

now that means somebody told beijing about that.hoose between the two camps, it is more likely to come from the gim camp than from donald trump's cam. -- kim. it camp than from donald trump's cam. —— kim. it shows you what a big thing that was to give that to the north koreans that they have reported that straight back to beijing and beijing could not help crowing about it immediately before donald trump had even announced it. and at that same press conference, the other big—ticket item, if you like, was the administration here saying it seems it is going to be heading into the un security council and arguing, almost immediate, for some kind of sanctions relief, because according to the chinese government north korea has now done enough, that according to those provisions which were agreed upon at the un, remember there are two types of sanctions, us sanctions, and un sanctions, but the united nations sanctions, but the united nations sanctions, it seems china will be asking for some sanctions relief at the united nations. you can i

let's head over to beijing now.o really on a mission across the region to reassure america's allies after a lot of uncertainty throughout by that fairly ambiguous statement signed by the american and north korean leaders. right. is as christopher hill put it earlier in t show, this is about damage control for pompeo, at least that is the way he sees it. it has been interesting to see -- here the secretary of state's mments over the last few hours. he made some unscripted comments earlier when he was talking to president moon and he talked about the fact that the singapore summit was a big step in the right direction, but that there was a great deal of extra work that needs to be taken. that comes after pompeo had claims that he expected that north korea would denuclearize by the end of president trump's first term in office. we just heard there was a him stressing pompeo the alliance between the u.s., south korea and japan. reassuring those crucial u.s. allies in the region that there was an ironclad allegiance betw

paul: kim jong-un has promised to upgrade his ties with beijing to a new level. the north korean leader met with xi jinping in china, another visit in three months, and xi also pledged to keep supporting north korea, a sign of kim jong-un's leverage. the u.s. has withdrawn from the u.n. human rights council, a body they have long accused of having anti-israel bias. they have grown upset about policy oftrump's separating children and families at the border. .pposition president trump: what i asking congress to do is to give us a third option, which we have been requesting since last year, the legal authority to detain and properly remove families together as a unit. we have to be able to do this. this is the only solution to the border crisis. rejected ahas potential compromise deal for opec, say they will not accept even a small increase, a sign int the cartel could end disarray for the first time since 2011. the minister says he does not believe an agreement can be reached and also says the u.s. calls for lower prices are not fair. >> it has created difficulty f

our correspondent joins us from beijing with more.alk us through which sectors that china targeted. china was very clear saying they would hit back and they did hit back indeed. they are targeting in the first round of tariffs, initiated july 6 if they don't come to some agreement before that, $34 billion worth of imports from the u.s., including as you said soybeans, corn, wheat. agricultural products and automobiles as well. as -- and taken steps to open the auto market, so reversing those now. after july 6 they are thinking of the additional $16 billion worth of tariffs on a range of goods from coal to oil, medical equipment. statesng the midwestern has commodity producing states, the game plan from china, hoping to cause pain in areas that voted for trump and seeing if that will lead to any change in policy from the trump administration. billion -- 554 different categories. versus about 1000 from the u.s. side. ed all of the anull agreements it came to, three rounds of talks led by steve mnuchin and commerce secretary ross in beij

tom: clearly beijing is clear to see -- clearly beijing wants to see a dialing down of tensions betweenea and the u.s. and may be very keen to see a drawdown in u.s. troops on the south korean border with north korea. 38,000 u.s. troops on the border. of course, any weakening of ties between south korea and washington would be seen as a benefit in terms of the influence china can wield over the korean peninsula. there are risks, of course.we w. risks around whether or not kim gets so close to washington on the back of these talks that it starts to make china feel uncomfortable. they do want to maintain that influence in this region, so that is something they're looking out for. longer-term, they are looking at the economic possibilities. we have been talking around that with one of the guests in north korea, but it really infrastructure and opening trade flows. a number of issues china will be monitoring very carefully. we had a comment from the official state run news agency of china, warning there was going to be a bumpy ride in these conversations going forward and saying that both s

the summit with -- talks with beijing. the recent summit is looking at items from canada and mexico. this fulfills trump's goal of cutting the trade deficit with china. his previous economic adviser gary cohen stated this. >> in many respects it is helpful to our economy. if we could manufacture something in the united states cheaper or better than we could import it, we would do that. >> this got a lot of attention. that is the voice inside the white house that kept these tariffs from going into effect earlier. cohn added he believes strongly in global free trade. those remarks got a lot of play. >> didn't shock any of us. what reaction to the tariffs can the trump administration expect from china? matt rivers has the answer live in beijing for us. matt. >> reporter: dave, the reaction will be swift and it will be equal amount of tariffs the chinese will put on the u.s. chinese said within the last hour, the second the list is final on friday, they will retaliate in-kind. which products targeted? a small list. soybeans, b

and china after washington moves forward with tariffs on chinese goods but beijing answers back. italy and france call for changes to e.u. migration rules following their dispute over a ship full of refugees. the head of the pakistani taliban is killed in a drone strike in afghanistan. and we'll have the latest on the well come up and russia as portugal's one out of banks that. welcomes the program a trade route between the world's two biggest economies china and the u.s. has escalated president donald trump says he will impose twenty five percent tariffs on fifty billion dollars worth of chinese imports saying the u.s. was being taken advantage of what beijing promised to retaliate quickly with its own tower of twenty five percent on u.s. goods also worth fifty billion to start in july ellen fisher has more from the white house. u.s. president donald trump has been hammering china on trade for months and a key or take morning on the white house north lawn where he held a surprise news conference he confirmed he was going to act we need protection everybody take him as the europe

president dr frank slaps and billions in talents in china and beijing promises to retaliate. that and more coming up with then president was standing by for business the use of just a they did i mean is it get. this long. managers through the day nothing would change you know the banks. and so was the language of the bank. speaking the truth global news that matters g.w. made for mines. a museum's mistake she's guilty the unsub still. holds a so-called changes out to his kind soon to boost science but it's mostly. people who put big dreams on the big screen. t.v. and movie magazines on d.w. . after. the german chancellor hints at a new fronts in the trade route with the united states beijing also promises to immediately hit back as the us president announces billions of dollars more in our lives. and drowning in debt how to save a caribbean island from sinking just call christine. and ben fizzling let's do business the globe's trade dispute just. moved up a few notches all at once donald trump hitting china hard beijing saying it will retaliate and berlin adding fuel to the f

we'lbe ll ive from singapore, seoul and beijing with the latest at... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> the optimistic words of donald trump ahead of his landmark meeting with kim jong-un as secretary of state mike pompeo says the u.s. president is well prepared >>> officials from the white house and pyongyang try to meet over the denuclearization plan. >>> president trump leaves the g7 in disarray hitrade te slams prime minister justin trudeau for his comments on tariffs. >> there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald j. trump and then tries to stab him in the back on the way out the door >>> and italy's banking index trades sharply higher as newly appointed finance leader soothes fears of a potential

from beijing. need a few days she'll have to move again and she still has many goods she hasn't sold yet. so you are not from the lender you talk. a lot you can just a little. bit. in a few months beijing will have five hundred thousand fewer residents it's the first time in two decades that its population is declining. but seven million rural migrants still remain for them into. the season they helped create. in afghanistan billions of dollars of international aid have been donated to girls' education but where has the money gone when he needs girls desperate to learn and why is the system failing them. the nature news as it breaks this is one of the areas where protesters had blocked the road for using higher than anything they could find with detailed coverage of this extremely hot. stream striping the state from around the world this new z.m. aims to be a way of posset torrie over region's history and it's protected war that has divided the tribes here for generations. a new series of rewind it

going from seoul and now landed here in beijing. it was in seoul that president moon echo what had we heard from president trump. saying both sides moved back from what had been a tense situation. this is a step forward. of course, questions remain about denuclearization and what that means. the time frame around it and so on and so for tth. here in beijing, pompeo will not be here long. he will talk to the foreign minister. they will have a quick pressville buipress vil press availability. this means they will understand the influence that china has on north korea and over president trump himself. the source close to the matter that it was xi jinping in phone calls with donald trump pushing the idea of stopping the military exercises. something the u.s. could announce as early as today in the united states. xi clearly has influence over president trump pushing that line and not surprising there because that has been china's stated viewpoint for a long time. one thing the chinese and u.s. may not agree on is sanctions. secretary of

beijing needs other labor or they go to work or a institution like a university that has housing for its own employees like. a college or a high school that provides housing where it ages so very much like the old soviet system used to be where every company would provide housing for its workers entertainment workers and you're having this kind of segmentation of the economy taking place and the question is how are they going to break it. they haven't so that is the main problem that they're working on that china of course enter a world trade organization under clinton and sense the economy has expanded magnificently they've they've. friends isha from essentially communism to capitalism what that the l. and they fatten on interrupted ron of growth and what you're suggesting and what i'm reading is that they're now trying to figure out how to handle a contraction to that growth and they've playbook of course in capitalism the system that they're emulating is to let the losers die and don't bail them out you know if in appear a capitalist society of course you don't see that america an

what would beijing be hoping for?scenario for beijing would be to see reduced tensions and a drawdown of u.s. troops in south korea. pyongyang's void flipping. and in terms of any successful summit, beijing will want to be involved and also involved in the opportunity around rebuilding north korea's community. and interesting we have seen talking about china, flights pyongyang.jing and and we shouldn't forget that relations were very frosty since 2012, 2013, when you hat jim jong-un and refusing to meet with president x inch and he executed an uncle who was a key liaison and alleged to assassinate his half brother and china played this crucial role. so you have had a rap i had about-face in the relationship between them. kim jong-un coming over to china. so the chinese wanting to improve the relationship and make sure they have a foothold n the process going forward. >> a crucial element in the puzzle piece of negotiations. we are a couple of hours away. let's look at what we should be watching. and we are seeing effo

the spat between washington and beijing continuing.his is the current position for equities with those three markets coming on stream. having a look at currencies, after eight years, greece exiting its bailout. euro in focus as well. adding to that some concerns over the italian bond market overnight. the doe chief economist surprising everyone with a vote to hike rates. momentum is against sentiment when it comes to asian trading. let's get caught up with first word news. >> oriole is jumping after a committee of opec ministers back raising oil production despite objections from iran. the joint committee met in vienna ahead of friday's opec meeting. $600,000 --ed 600,000 barrels a day increased output to prevent the market from becoming imbalanced. >> the cuts today is a nominal figure come meaning what is actually delivered to the market will be a smaller number. england heldf policy at its latest meeting, but not all members of the committee agreed you'd three out of nine dissented, voting for an immediate hike. the pound jumped on

haidi: how does that play out as a win-win for hong kong and beijing. ai and beijing?ted to lower chinese companies to list there. xiaomi doingg at it after their ipo, and other companies are considering it. they have not done that well so far. getting the big tech companies to list in china, so getting hon hai to do that allows them to curry favor with beijing and allows them to hold on to 90% of check -- of shares and bring in strategic investors. beijing wins because they get to say we have this massive chinese company. haidi: thank you so much for that. foxconn industry rising by 20% in the premarket limit in its shanghai debut. this is bloomberg. ♪ this is bloomberg. ♪ not strong enough at the moment to close business. up premarket against this backdrop of tech stocks under pressure globally speaking. the nasdaq on the way down. place.meeting is taking we saw the japanese prime minister land there. gdp in japan was wait worse than economists had been calculating, the contraction .6%. looking ahead to trade data out of china in the next couple of hours. looking at

of course, there is an official line from beijing that this is just an official line from beijing thatfficial line from beijing that this is just a policy moves to make sure that there is enough money for those small companies to buy money, but given the timing and given all these fears about the trade spat between the us and china, many are wondering if this is basically beijing preparing for the biscuit that trade is about having a real impact on small companies, especially in how china's economy is going to grow. as you mentioned. the official announcement sounds very jibe any, but this is about freeing up jibe any, but this is about freeing up about 118 billion us dollars so that companies can buy more easily and boost spending. it will take effect on the fifth ofjuly, this is the third cut by the central bank. all right, thanks a lot. good to see you. now let's brief you some other business stories. parliament will vote today on the government's plans to build a third runway at heathrow airport. the vote likely to expose high—profile divisions in both tory and labour ranks. heathr

two months liane you won what was a big tip from two studios in beijing so. she now works at honda beijing has long been the center of chinese os but no more. which i'm sure can go on. oh sure. sure that'll be you know it's sure to be a phone for that's homes. she. can do and. now her studio was sealed whiting for demolition. claiming the girl only. she had just renovation to a studio when the eviction notice kind of a dozen independent artists like her also told to leave. she says every reason possible was used to get rid of them special polish. so it's. so you. still found a better deal you. were torrential. back in her temporary shock she no she does not want to return to her village. and you know it's in the remote sichuan province in reality flying from beijing. a few days she'll have to move again and she still has many goods she hasn't sold yet. so you are not from the last minute back in hand. not on your bags it was on you but i looked like you can use a little. in a few months beijing will have five hundred thousand fewer residents it's the first ti

defense secretary this was james madison is first official visit to beijing in that role of course he's not here to talk about trade trade of course is the real point of friction between the world's two largest economies right now he did though meet president xi jinping who said afterwards according to state media that the relationship between china and the united states was one of the most important bilateral relationships in the world so those words from the president very measured indeed given the state of friction between washington and beijing right now for james matters of course his big concerns are what china is doing in the south china sea right now he has accused china of militarizing this vast basin of water citing those aerial photographs which shows say washington that beijing has been deploying surface to air missiles on those islands it's been building in the south china sea china though says the u.s. is over hyping this issue saying all they're doing is simply defending their sovereignty remember china claims sovereignty over almost all of the south china sea and just a

global stocks slide threatens china would need tariffs beijing just right back haunt.s apple is fined six million dollars you know straight here often disabling devices repaired by fed party companies. however we've got more hot sunshine across syria right. across much of the middle east further north we have got those showers around the black sea the caspian sea just around the caucasus and specter a cloud still making its way out to. the med us on shore breeze looking fine and dry here by rate at around twenty but we are getting well up into the forty's once again for baghdad and for kuwait city and further east a couple gets up to thirty two degrees notice some showers just to the north of that and that will be the case over the next couple of days of those showers pushing across into tech monistat and into is back. not too many showers in the forecast across the arabian peninsula then so it's lost the fight and dry little bits and pieces of plant just around the red sea small wind continues to blow some more lifted dust and sand on the cards for many forty three ce

commerce secretary will ross has been holding talks with chinese leaders beijing. and slovenians of voting in the early parliamentary election for the prime minister as leads an anti immigration policy that's predicted to win the most seats but some major parties have ruled out working with him to form a coalition. the deputy prime minister of qatar says that his country is stronger than it was one year ago when neighboring countries imposed an economic blockade saudi arabia the united arab emirates bahrain and egypt also cut diplomatic relations on june fifth last year qatar denies there accusations that it fosters terrorism through the unwavering resilience of the top of the people and the sound leadership of his highness the emir we were able to weather the storm and emerge from it stronger than ever before in the years since the blockade was imposed oil production of national product including medicine and food have grown exponentially we have built on our bilateral relation and have explored the new and promising partnership to grow and develop when the crisis

meanwhile, beijing is reaching out to europe. reporter: a as president trump forges ahead with his america policies, china finds itself on the same boat as the european union. btw about to uphold free trade amid rumors of a global trade war. the message has been echoed by the foreign minister last friday. particular, in the context of growing uncertainty in the importantis even more for china and the eu to deepen our strategic heart ownership. -- strategic partnership. reporter: china has expressed regrets at the decision to launch a complaint with the organization. choiceback europe's concerning u.s. levies. the weekend, there were trade talks after president trump when a donor previous promise to spare beijing from tariffs. tradehas warned that all agreements negotiated with the u.s. will be off the table if it follows through. one of the prerequisites is we hope that the u.s. will not go back to the starting point of adding additional terrorist on chinese products. june 15th, 25r percent levy will be imposed and $50 billion wo

and diversions, beijing local governments are happy to see.spread out to the second, third, and fourth tier cities in line with the urbanization. areas, the greater areas, so it is about growing the inland regions, not just the coastal regions. it is about spreading wealth to different parts of the country. this is something they are happy to see. because of the nature of economics, you would expect tier one cities would be supportive in terms of demand and price expectations, but i would think tier two cities and tier four cities have growth opportunities in the years to come because of urbanization. rishaad: what happened to all of those ghost cities? have they been occupied yet? >> in the china market where things change quickly, turnover is fast, depreciation is high, urban lifestyle changes quickly, it is less of an issue in a property market compared with a develop market, where the pace of demand growth is subdued. if you have oversupply, it is difficult to work that off. in china's case we have big population changes. we have 270 milli

il that's a seen live in beijing now as mike. has been holding meetings with chinese officials including the foreign minister we're expecting them both to come and address the media in just a short while in the scene as they do come of course we'll bring it to you live. argentina's congress is debating whether to allow abortion in the first fourteen weeks of pregnancy hundreds of people have gathered outside parliament in one osiris the sessions been taking place at the moment the law only allows abortion in cases of rape or when a woman's life is at risk. that the un human rights chief has called for an international inquiry into violations in the region of kashmir which is divided between india and pakistan zaid rod al hussein says india has used excessive force in response to recent protests pakistan has misused its antiterrorism legislation to quash dissent at the un envoy schooling for an investigation into allegations that mass graves have been found in the kashmir valley india has rejected the un's report calling it fallac

yes rush one space here in beijing after having had that meeting with people like you. are now faced with water growing opportunities. we are sharing more common interests. this fundamental this foundation has remained unchanged we need to make sure that this relation continues to grow in the common interest of the two people and the international community. we will make careful ranchman's of high level exchanges and engaging high level dialogues. we will continue to expand command communication and exchanges is good. we will also focus on people to people exchanges. not too long ago economic teams had another round of consultation in beijing where we have reached some consensus a very important point is that both sides need to settle our differences we hope the u.s. will make chinese halfway to establish a win win situation sure. we will find a appropriate solution we hope that the us will refrain from making any unilateral non-constructive meetings. or create off the coast. in the course of a discussion which i refer to the secretary that our principles on taiwan we w

beijing. a friendship medal for russian president vladimir putin awarded for what china says is putin's outstanding contribution to china's development it's a sign of ever closer ties between the two men and the two countries both announced several business deals including a joint investment fund in projects in china and russia the closer relationship comes at a time when tensions with the u.s. have increased both the russians and chinese have been sidelined from tuesday's planned summit between trump and kim jong il despite that both are keen to show they retain influence over north korea. and i see. we talked about the korean peninsula issue russia and china both want to see the korean peninsula and north east in asia enjoy the peace we are happy to see that the current negotiation process between the d.p. r. k. and the u.s. is in the framework of the roadmap initiated by russia and china in recent communications pyongyang confirmed to us it will carry out constructive corporation in the den

believes will promote stabili and ensure beijing maintains a dominant role with nth korea. interesting comments also came out of the foreign ministry. which suggested that ternational sanctions could be lifted on pyongyang. the ministry saidjustment to the sanctions have to be made id acce with the situation and how north korea has implemented the agreement, including suspending or removing relevant sanction measures. thatad conts what president trump said at his press conference where trump said the sanctions wouldtay in place. >> the sanctions right now remain. but at a certain point i look forward to taking them off. reporter: at the briefing, president trump acknowledged i china's roln the summit and thanked president xi jinping for his sport and that raises questions about how the leverage with north korea willinactor other negotiations with the united states. on friday the u.s. will release the list of products potentially $50 billion worth that could be hit with tariffs. now that the summit is over, people here are asking, whether president trump get tough on trade w

matt rivers joining us from beijing where it is 3:36 in the afternoon. many thanks. >>> well, president trump heads to quebec on friday for the g7 summit where the issues of trade and tariffs will likely take center stage. and then it will be on to singapore for his summit with north korea's kim jong-un. cnn's will ripley takes a closer look at how the small city state was picked to host this historic meeting. >> reporter: welcome to singapore, known for its mythical mascot, the merlion. half fish, half lion. and soon something even more surreal. some are calling it the meeting of the century. the first ever summit between a sitting u.s. president donald trump and north korean leader kim jong-un. teams from washington and pyongyang are on the ground, with only days to figure out a long list of logistical challenges. everything from the venue, infrasture and security to who will cover the costs given north korea is a cash strapped country. of all the sites officials floated, singapore is not the most adventurous like mongolia, nor the most diplomatic like

and brown there from beijing thanks for that. attacks by pro-government forces on four medical centers in the rebel controlled syrian province of that are have killed thirty two people including ten children russian backed regime forces are trying to recapture the region the area is close to the border with jordan and the israeli occupied golan heights supposed to be part of the escalation zone and the situation and could be worse than the siege of aleppo in the east in the halter that's the dire warning from the u.n. special envoy to syria our diplomatic editor james base has more. it's a pattern of violence that syria has seen a number of times before like darius aleppo in eastern guta it's been a carefully planned military offensive by the assad regime using artillery and other indiscriminate heavy weapons the syrian government's planes assisted by the might of russian air power the u.n. special envoy briefing the security council by video link said he was deeply concerned it could be like. if they're called that combined toge