chengdu, it's still lower level. every year we can supply more than 200 for the companies you do if you want to set up in chengdu. >> how funecessary is to have local partners or is it pabl possib possible for -- >> it's possible. if you want more than 3% of state owned companies to control, it's not -- yeah. >> okay. thank you very much for stopping by. western china perhaps not getting as much attention. >>> akzo said the ceo is taking medical leave for a few weeks for fatigue. he's expected to return in the first half of october. he's been in the job since april of this year. >>> meanwhile a mediator says workers at the plant had agreed to lower their salary demands for the first time. they're trying to put an end to violent demonstrations that left more than 40 people dead. at the same time, south african's president addressed the country's largest federation of unions and stressed south africa could not afford to slip into another recession. those comments were made ahead of the scheduled visit to brussels where

prosecutors accused him of defecting and seeking political asylum in chengdu. they also said he abused wiretapping laws and accepted bribes. xinhua news agency reports he bears grave criminal responsibility. he says the judges showed him leniency in sentencing him to only 15 years in prison. they apparently took into consideration his cooperation with the murder investigation. the trial revealed a senior chongqing official slapped weng when he reported the 2011 murder of businessman neil haywood. sources close to the communist party say that official was likely bo xilai. china's leadership dismissed bo from the communist party after weng defected. observers are now waiting to find out how much bo knew about his wife's involvement in the murder and how the party will punish him. a court found gu kailai guilty last month of killing haywood and gave her a suspended death senten sentence. >>> a man who escaped through an extremely narrow opening in a south korean jail has been caught after several days on the run. local media say the man relied on yoga skills he ac

that one is made in a plant, we understand, in chengdu. it's worth noting that apple shares are up 70% in a year, but they are a little bit lower, down by 2% today at 685.76. brian player is a supply chain expert and has been speaking to suppliers all morning to see the impact on foxconn and suppliers. and brian is with wedge partners. also with us is spencer antay from the "wall street journal." brian, you have been to foxconn. i don't know whether you've seen this particular plant. what are the working conditions like over there? >> you know, they live in a very large kind of a miniature city-like environment. in shenzhen where i have been, they have about 500,000 employees in kind of a walled city so what you have is very large factories that are right next to dormitories, that are right next to cafeterias, where the workers generally live and can come and go but most their lives take place inside these factories. >> brian, you report that this is not a factory where we think the iphone 5 is being made, but apparently some of the iphone

beijing announced to set up two more economic zones in chengdu. south goalby shares down 6.5% after chalco dropped it's bid to take control of the coal producer. nikkei hit a fresh four week low weighed down by airliners and gas and electric companies but sharp jumped after home high demanded. the kospi lost 0.3%. losses by carmakers on sluggish auto car sales. weakness in industrials and financials set the aus i market lower. rba decided to keep rates on hold as expected. india sensex just turned positive. back to you. >> thanks very much for that. >>> we're into the second hour of trading today. u.s. is back today, right, after the long weekend. >> a lot of data due out today. what will be interesting with this jam-packed week whether the focus is back on u.s. or whether it's about the latest policy moves out of europe. >> and the draghi comments this morning. >> big moves on the short end, the two-years in particular. >>> it may be a short week in the u.s. but a ton packed into the calendar. today the ism manufacturing index, july construction

. >> "the new york times" has a big story about chengdu and the fact that some cranes are oer s operating at night -- >> the crane at night metric. i haven't brought that one out since we used the chinese square footage cost versus manhattan. >> that worked out. if you knew -- >> it did work out. >> as a contrary indicator for -- i don't know. maybe cranes at night is the way to go. >> it doesn't -- doesn't it not matter at the end -- if we continue to get disappointing data points out of china, it's going to continue to stoke the expectations of stimulus and the stock market there will go higher. what's bad there is good just as much as what was bad here at one point was good because it was seen that the central bank would step in. >> after a while i get tired of the -- people disquoted. at a certain point, you have to say, maybe i'm misjudging here. i think china's exports are directly related to how bad europe is because china likes to dump -- oh, excuse me, china likes to trade a lot with europe. >> there may be sanctions coming from the eu -- i don't know. what's bad for china may al