you have to consider we have china came from where it started and if you look around china we're not only in sickness like beijing or shanghai we are on the countryside and if you see the children of parents who can not to eat having the ability. that often to visit the school to afghanistan to learning so that they're all to look for life has increased and improved dramatically you know you cannot always see look at china and say ok you cannot always throw the government clearly you cannot all of us for the problem but life is not the only content in overthrowing governments life is that you can fulfill your dreams that you can create a child that you can well create a family all of this is very much in the needs of the chinese people and they have more and more of it. yeah ok i get there but i don't want to hear the story that china has communist government has raised two hundred million people out of poverty they didn't raise anybody out of poverty hard working intelligent chinese people raise their selves out of poverty where the boot lifted just a little bit and cheering for the

oh frowning that complicate all great it's an interesting point i mean china and china is a very good if i can interject here if i could interject here i mean in the west china is criticized because it is not in line with the washington consensus if i can use that term here i mean china is a rising power the west is steadily steadily declining ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the declining british empire at the beginning of the twentieth century and how the new way it was this. and the fascist states in europe. so countries that are willing to exploit their people to any level are always able to achieve quick turnaround so we saw them in the lead we saw that in germany we saw that at the beginning of the soviet and it's not sustainable but that's how they do i mean i've seen the people standing behind the rear of an ox with a wooden plow while the party members in shanghai in the business people in shanghai in moscow party like there's no tomorrow

a low in welcome to cross talk time peter about china's maneuvering power china's fortunes faring during the global financial crisis and the eurozone fiasco political uncertainty in the u.s. and the arab spring is china and that gaynor is the world undergoes massive economic and geopolitical shifts and as the world changes will china take on a greater leadership role. in the. story. crosstalk china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china in miami we have already shankar he used a ford motor company chair in global business management at ohio state university and in beijing we cross to doris nesbitt she's the director of the nesbitt china institute all right folks you have difference a points of view on this and i want you to show my viewers ok but first people say that china is set to save the world well i don't know about that but there is little doubt that over the last decade asia and china specifically has been steadily moving to the fore of the global economy and in the wake of the two thousand and eight credit cru

morgan's managing director in china. >> i think china will continue to grow around 7 to 9% per annum. of course there are lots of challenges ahead. given the economy set aside you can't continue to grow at 10% per annum. if you look at the fundamental drivers for china's gdp, i think we can hit that growth target. >> charlie: fromcting to china went we coinue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> charlie: john mac visms here an oscar nominated author for elect particular performances. he started with th theatre company before making his film debut in places in the heart mu his most well-knownovies include dangerous liaison, shadow of the vampe beg john malkovich here's a look at some of his work. >> if i had any place elseto go night i would gladly leave righnow. when i came here all i asked was to be leftlone. i'm not some kind of freak to be here on display to the amusement of those hooligans you call children. >> i'm doingeverything i can. i'm telling you i'm doing everything i can. >> i'm sure you are. >> at this m

i was in china in 2008. i talked with the mayor of a city and he said they had 5 million unemployed trenches in that city. i asked him what he was going to do about that and he said they all go home on the chinese new year's and we will only let about a quarter of them come back so they use the chinese family tradition of taking care of their people come as their family has a social security network. but on the purely economic level, it is a combination of market principles and central management. it's not a planned economy in the soviet cents. >> host: there's a point of contention between the united states and beijing over the manipulation of its currency. how is this straining the relationship and how should the administration be dealing with it? >> guest: the argument that is made the chinese are manipulating their currencies at an artificially low level which gives them an advantage in exports and therefore improves the payment and gives them greater economic financial reach. my view is is it is caused

modern china 2000 years ago and when china was unified. and that it was covered a bureaucracy collected by competitive examinations. so in that sense, it was more modern in europe was at that. but china had a governing philosophy, which was confucianism and a governing bureaucracy, which operated a national pages and therefore occasionally china was conquered by its neighbors. but they didn't know how to cover it and they need of the chinese bureaucracy. so on at least two occasions in chinese history, foreigners came in the crocker the country, used chinese bureaucracy to cover and it mbk signified themselves. this is china was sometimes the opposite of left and right, not by conquest, but i've been conquered and then satisfying the conquerors. mongols than one occasion in the manchus from the north. >> host: a much more efficient way, isn't it? you also say that because china was never forced to an age with larger civilization in the world, it remained basically insular. but because of that, it also considered itself the center of the wo

money into the market which has benefited china but i'd like to also challenge this notion that china owns the united states they own about eight percent of our debt japan is about six percent of our debt so again overblown so do position do political decisions now how this you know this affects of leading to to economic decline and the demise of the west again i think this is these are are more romantic narratives about the west in the minds of americans and this concern that we won't be on top and i'll complicate that a little further that our expansion and our imperialism started with the founding with the notion that anglo-saxon rights male protestants in particular were the less and kind and this led to us you know the genocide of the native americans as we expanded westward it led to atrocities in hawaii and the philippines and beyond so i think it is good that america will have competitors because unchecked imperialism leads to all sorts of of colonial issues and even genocide i think that's an important point and when you talk about competitors sometimes it's a little difficul

and europe and all those other countries outside of china why not china because china right now as we speak is mining as much as they possibly can while we're fighting a war in afghanistan i should be more they actually are spending comparable money billions of dollars mining copper they have set up a mat massive infrastructure a paramilitary and you know way i mean this is how bad it gets in a way they're actually using our war to distract the afghanis that's not intentional but between most. of course china does is not directed against us but directed for china way i see it is that there is a war going on in this world right now and it's a war for resources we're not fighting and we really don't even know it exists china is fighting it with all the coming and all the skills and all the people that they have and if we don't wake up soon enough i fear for our standard of living our way of life the whole shebang and i think these kinds of protests that you're seeing right now come from the fact that gasoline and other necessities of life just cost the typical person massive massive per

economy is dependent on europe buying exports from china and also a large portion of china's china's currency reserves are in the euro so china it's not in china's interest to see europe's economy fail or decline and that of course this is part of this discussion as well as foreign ministry spokesperson here in china this week said china will always be an important investor and european financial market so we have to wait and see so if anyone wants to put their money into something they're going to want some kind of return on their investment what kind of return do you think china will be looking to get from putting its money into europe. now looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am not sure and i am not fines and i am i for a story please been dominated by the united states and european powers and developing countries have long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having

about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and go west to see how they deal with reporting from washington and i can say oh i see dr caroline helpmann from occidental college in los angeles says washington feels the need to paint china as the new evil empire. china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confide so when we hear this republican competitors talking about china as an enemy i do think that it fills that notion of having something to oppose in order to prove the resilience of nationalism and again i think i take issue with that nationalism but at the same time i think it's good for the u.s. to have competitors it's never good for a global superpower to be the only one at the top of perceived because then they act with impunity and i believe that various points in u.s. history we have seen the evidence of that i think having china in the mix will be very positive for social political relations and now

the key to america's resurgence they argue is to mimic china's surging without mimicking china's politics. tom friedman, the book appears to be america has fallen behind the world, that america invented. can you give us a rap sheet on that. >> the basic argument is simple. we argue that what made america great is we had an amazing public-private partnership and the public side of that that enabled the private sector and growth these years, was bit. on five pillars. one we educated our people beyond to whatever the technology was, cot in gin or the super computers. second we had the best infrastructure, roads, airports, telecom. third when the most own immigration policy to attract the brightest minds, and most energetic people to start 30 to 40% of the companies every year in silicon valley. four we have the best rules for capital formation for risk taking and preventing recklessness and lastly the most government funded research to push out of the boundaries of science and physics and chemistry. education, we've falling end down the international table. infrastructure, i just flew from h

china angola, china and the drc. china was one of these countries, but it was a large poor country with oil and the line of credit to be repaid with a whale was offered by japan in the late 1970s. why am i telling you this story today? i am telling you this story because of several different reasons. one is this arrangement was not based on a period there was a market weight line of credit that just japan offered to china. china said this is something that could be his first benefit to this is something that benefited japan come and pick up focus and services to china and it benefited china because they could import things they didn't have an international credit rating to burrow for you. now, china is operating in africa at as many of the framers that it is learned by being a nation power and some of those complement relationships with japan. it's a different bottle of engagement and much of this is not actually involve official development aid. it's much closer to japan's engagement asian countries. so there are a

and make china a financial power on par with the u.s. and this wouldn't have a first time for the two countries jousted for a while now the u.s. has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our just sit damage so i think it's appropriate and fitting in timely for us to be standing up and saying you know this is this is not acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests meanwhile economists are already warning of contagion threat if the crisis unravels and some have pointed to the country's slow growth as a sign of a spill over effect concerns that beijing has dismissed. if humans and. you want to use that you know who owns it is trying to say that the national economy is generally on the right track and is benefiting from the control policies on the domestic front china's going further tightening the screws on internet freedom whether it's a sign of its internal vulnerability in that world by popular uprisings i

as china. so please join us again tomorrow for an update on those delicate discussions. i'm pachari raksawong, reporting from bali. >>> wish her well, pachari. unesco has begun a survey of the flood damage to the ancient ruins and buddhist towers in the thai city of ayutthaya. >> this is one of the world heritage sites in ayutthaya. the color of bricks become paled because they were under floodwater. >> unesco officials were able to visit the ruins with thai researchers on thursday, now that the floodwater has finally receded after more than a month. >> it's still early to assess, you know, what actual damages have been. probably the main concern is damage to foundations. because of the water that under which they've been submerged. >> the ruins stand in low-lying area and have been flooded in the past. but they have never been under water for such a long period of time. later this month, unesco plans to start a detailed analysis of the damage and will undertake repairs with the help of special

and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization amid growing as a regime protest which critics claim are sponsored problem brought. and blasting off for orbit a crew of three had to the international space station first since a similar rocket carrying on an supplied craft crashed back to earth. russia's markets create the we call for the pope to mystic notes with the obvious mind six up more than one in the hall says the financials beating the games more on the markets are mixed this is news and it's what humans. are watching i think i mean a lot from moscow where it's eleven am now marina josh welcome to the program as a gathering of the pacific rim split will any konami carry weights winds down and why it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency prac

currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt russia is pretty excited to host the apec summit next year in the far eastern city of lot of us basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient in terms of reaching the goals of the group in terms of boosting trade boosting investment so on and so forth but it's also traditionally been a big mediator when it comes to certain misunderstandings between world players so this is certainly a good role that russia can play when it comes to continuing to develop the goals of the gathering and of course last but not least you know russia's accession to the world trade organization is something that the russian federation has been ready for for quite some time for almost a decade so certainly it's been ready to go this entire time so what better

and china is now... we're talking about the rise of china because it's going to be one of the two great powers in the next few decades. >> rose: there are nose who at the same time say ezra vogel is in love with s subject. and that the narrative is not critical eugh because in deng chao peng's toughness there were things that are not attractive. >> that is wh they say. >> rose: (laughs) >> i think my objective collar friends who... all tho things are there but i think that you're right. i think what chris patton said that tiananmenasts such a paul that they went... they say deng's awful, he was a terrible man. he did all those tngs and as a biograph i tell about all those things he did. and i... i don't yell awful, awful, awful as some of them would write. >> rose: but there's also the conquest of tibet. >> well... but tibet wasn't a conquest. he sent troops to tibet. but the significant thing was battles about tibet before the tibet was taken when lot of tibetan soldiers lost their lives and therefore t

china, friend, foe or don't know? >> china is not an enemy of the united states.there are logical, nonheroic policy choices available to us and the chinese that keep this relationship within bounds. look, it is forever going to be competitive. there are times when it's going to be confrontational. it never has to get to the level of conflict. all that said, when i give speeches about security concerns, china is always among my list of three, four or five areas we have to keep an eye on. it doesn't have to be an enemy of the united states. you say it doesn't have to be. even a very modest commitment, 2500 u.s. marines eventually. it will take a long time to build that up. in a country, australia, that has been a u.s. ally. they say today australia cannot play china for a fool. it is impossible for china to remain detached, no australia itself will be caught in the cross fire. that's tough language. >> it is pretty tough. it's not particularly useful either. it really doesn't reflect the true understanding of china's interests. look, we have telegraphed for more tha

we're in europe as well so in terms of their bacon they don't care what china is doing fekete one china's money in china say no so what's the put your house in order in your opinion with think about lend you some. in corporations western corporations question the law of the effect that it legal to china if you look allies like greece in keep their profits so there's only one loser segment you know all this transition and all those looking glasses in the lot and you know are you just not in a and we also sun our sun is reported g.o.p. presidential candidates taking a dig at china there is sort of a fear mongering that seems to be going on on one side but we also saw michele bachmann comparing the two countries saying in a sense you know let's get rid of american programs like when johnson's great society bachmann says that this has made the us into a welfare state she says if only we were more like china they don't have food stamps they don't they save for their own retirement so badly i guess i get an idea from you about some of these different views from potential future leaders of this

china can be a source of stability.nd help to under right international norms codes of conduct and what we have done is try to develop a frank, consistent, open relationship and dialogue with china and it yielded considerable benefits. for example support for issues like iran. what i have also said to chinese leadership since i came into office when it comes to economic practices there are a range of things they have done to that disadvantage not just the united states but a whole host of trading partners and countries in if the region. the most famous example is the issue of china's currency. >> most economists estimate the rnb is devalued by 20-25 percent. that means our experts to china are that much more expensive and i am ports to the united states are that much cheaper. there has been slight improvement over the last year partly because of u.s. pressure but it hasn't been enough. it is time for them to go ahead and move toward a big system for their currency. they can do it much more quickly than they have done it

and china as washington calls on to start playing by the rules but china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to suspend it from the organization as thousands protest in damascus. russia's slams the decision accuses the west of inciting violence in the country all the details of what's coming up in just a few moments. and blasting into orbit the crew of three heads to the international space station it's the first launch since a similar rocket carrying an unmanned supply craft crashed back to earth. late service. eyeing russia's politics the country wants to invest in the year mali liquefied natural gas project moralism business and see in twenty minute. news live from the center of moscow this is artsy with me reception i think gathering of the pacific rim as political and economic heavyweights winds down in hawaii it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china first trade and currency

money report thief in china scolds women for having nothing of value to steal so women in china woke up and found an intruder in our apartment in the middle of the night but rather than run away the guy stayed there and the thief launched into a tirade cast sizing the woman for having nothing of value to steal he criticized her for more than ten minutes telling her she needs to get educated work harder and accumulate some kind of wealth before she gets old the man went on i am but a simple thief yet i have more than you so i thought this could possibly be jamie dying when he read that there was all this silver going to try and he was like a cat burglar around looking for some silver to meet a snake in short physicians well i think something a lot of the translation actually because the woman who was actually sleeping on a mattress filled with u.s. dollars and as the thief pointed out there's no value in those i want i want real look i want silver but it's also i think the motto for the one percent you see the occupy wall street people they're out there in chicago los angeles denver a