chemchina has done lots of acquisitions and is a very big company.ratio is 260%. sinochem is much more debt. explain why this is important to all of us, in the sense that it could become the world's biggest chemicals company? become the world's biggest chemicals 7 in become the world's biggest chemicals company? in terms of the assets it has, the power and the control of agriculture, that kind of thing. has, the power and the control of agriculture, that kind of thingm has assets, it has control, but i think it is especially important because they now account access to sigenta, a top—flight company in agriculture. so this is china taking over control of an awful at a big companies that provide food, pharmaceuticals, chemicals. —— awful lot of. well, the sinochem and chemchina merger, that is a merger between two chinese companies. it is a mainland story. what makes it internationalist is that chemchina just bought sigenta. the interesting thing is, i had to comment on swiss radio recently, chemchina gave sigenta huge powers in terms of nominating boa

there are reports of a potential big merger between chemchina and cyber camp.uced the world ‘s biggest revenue. attractions after taking a tumble. revenue. attractions after taking a tu m ble. investors revenue. attractions after taking a tumble. investors are responding well to news that an extension for oil prices for the rest of 2017. the question is, well this is busy as continue? and why was the deadline extended? with the increase production from the us and the excluded members such as libya and nigeria, the production has risen over the last six arms, assumed all the production cuts from 0pec which has lifted the oil market in a state of flux. —— left. they do oil prices will continue probably to a low level from here. will continue probably to a low levelfrom here. since the production cuts, have the opec members been committed to complying? yes, the original was one point ebillion barrels per day and now it is running at about 100%. whether that can continue into the second half of the year as the cats get extended will be a story for another day. to y

in the financial times a story about chemchina and sinochem's potential merger next year to create the

china's chemchina has won around 82% support from syngenta shareholders for its $113 billion takeoverup. the takeover announced last year was prompted by china's desire to use syngenta's portfolio of top—tier chemicals and patent—protected seeds. it is china's biggest foreign acquisition to date. profits at walt disneyjumped 11% in the first three months of 2017, bolstered by attendance at its theme parks and resorts. profits in the first three months of the year were $2.1; billion. but the media giant's revenue gains were more muted. the firm remains on track for modest growth, in spite of subscriber losses at its sports television network espn. qantas chief executive alan joyce has said he intends to press charges against a man who hit him in the face with a pie. mrjoyce was giving a speech in perth on tuesday when the man walked on stage and shoved the pie in his face. a man identified by local media as the attacker later criticised the airline chief's support for same—sex marriage, which is not legal in australia. australia has introduced a new levy on its biggest banks as part of

haidi: the question is, chemchina secure enough food to feed its millions?ts millions? what you make of the efforts the government is making? back,you just look chinese agricultural industry development has lagged behind industrial and services, so at this point, china has come to not ae that while it is crisis, china needs to think of how to feed its growing population in the future. not's mainly coming from only a demand ankle, but a supply angle has china has to deal with more limited resources than many countries in the world. haidi: you say we spend a lot of time talking about the rapidly aging population, the way the chinese demographics will quickly turn japanese, if you will, but the drivers of consumption are millennial's and baby boomers. >> that's right. the world has been talking about china growing and aging becoming an issue, but baby boomers and millennials occupy more than 50% of the demography, and that is a key driving force for consumption. richer, also getting growing middle crass, urbanization, and all these factors are leading to a dema