the south china sea chapter is far from closed. it is critical for the administration to develop a response to the three warfare, effective counter measures should include the following elements. number one; forceful legal action and establish venues to force china to defend its claims in an established court. two; strengthen u.s. and allied public diplomacy programs to combat china's information warfare. at home and broad both. i would say on that that the united states has been woefully lagging in generating a powerful public diplomacy program that actually presents our viewpoint and our values in the region. this is so critically important. it is hard to know why we haven't done it. but we simply haven't. regular briefs on the south china sea, and china's tactics are needed to provide reliable, unbias commentary along with the continuous publication of satellite images such as the island tracker which many of you are familiar with that. ping's statement at the close of the u.s.-china summit that beijing has no intention of milita

more than 20 years of record breaking growth has propelled china from communism to consumerism and nowhinese economy is stalling and the slow down is hurting many other economies worldwide. commodity exporters who relied on china as a buyer for years are also struggling and analysts say a slow down is inevitable given how much the chinese economy has grown in resent years. they say high-speed growth is unsustainable and a recess is needed. >> translator: china is indeed in a moment of momentum transferring from old to new. traditional industries are big in size while these emerging economies are smallers and are growing fast emerging industries cannot makeup for traditional slow down so the over all economy is facing downward pressure. >> reporter: slower growth is expected to be the new normal for china, already analysts predicting the economy to go further this year and even government measures and increasing spending and interest rates are not expected to help much. chinese government leaders are encouraging everyone to spend more hoping to shift the economy from export dependent to

more than 20 years of record-breaking growth propelled china from communism to consumerism. now the chinese economy is stalling and the slowdown is hurting many other economies worldwide. commodity exporters have relied on china as a buyer for years are now also struggling. analysts say a slowdown is inevitable, given how much the chinese economy has grown in recent years. they say high speed growth is unsustainable and a reset needed. >> china is in the moment of momentum transferring old to new. traditional industries are big in size while the emerging industries are smaller. even though they are growing fast, emerging industries cannot make up for slowdown so the overall economy is facing dawnward pressure. >> slower growth is expected to be the new normal for china. already analysts predict the economy to go further this year and government measures such as increasing spending and cutting interest rates aren't expected to help much. >> chinese government leaders are encouraging everyone to spend more, hoping to ship the fry from export dependence to a more sustainable con

he's published a collection of pieces of china from the american west and other places like nepal and japan called "strange stones, dispatches from east to westato west.nto west. " he now lives with his wife and 5-year-old twins in an equally gentle and calming and under populated place, cairo. jianying zha was born in beijing and has lived in the united states and china over the years. and writes -- i don't know how she does this -- fluidly and elegantly in both languages. not that i would know about chinese but i'm absolutely sure that's the case. her her books are best sellers transforming a country antide players, the movers and shakers of a rising china. and finally really in the case, the grand old man of china writing for the "new yorker" -- i mean that with love. he is an astonishment. a pioneer in the writing about china. he served as the deen of the university of california berkeley graduate school of journalism, a scholar, a writer, a producer and a teacher and he's written and edited a wrath of books on china. and i want to start with orville. you went to china for the "ne

there was a refugee camp a few blocks from china town where refugees were housed. the other important thing about 1906 is that the earthquake and fire destroyed records at san francisco city hall. birth and death records. by that time the chinese were restricted in their illegal immigration to the united states because of the exclusion act. here is an opportunity for chinese in the bay area. san francisco and oakland, so say our birth and death records, whether they were there in san francisco or not, are no longer existing. member we can come up with some ideas and plans and schemes to tell the government that we were born in san francisco. those records are gone, there is no way for the government to impeach my claim and we can say we were sons of natives or native born. and that began the entire paper sons scheme that allowed chinese living in the united states to say they were born here in the united states and that they had children in china, and they would like to sponsor those children in china and family in china to come to the united states into a number o

i can tell you this -- a trillion dollars of that came from china. we have gone from $64 trillion

akihiro, you were in china from 2012 to 2014, when china's economy was less than the double digit growth. economy grew at the slowest pace in 25 years. what's your take on the gdp? >> it's a decline from the previous year when the economy had a growth rate of 7.3%. 2015's figure is attributed to a drastic drop in demand for iron and cement caused by poor housing sales. the chinese government has set a goal of around 7%. officials say the actual number is within expectations. >> translator: chinese economy is going through a structural reform. and the market environment is changing, too, and yet, china managed to achieve a growth rate of 6.9% last year. that's not an easy thing to do. >> however, the government lowered its interest rates several times last year to support the economy. so, while it grew through stimulus measures, the economy is not as strong as the government boasts. >> china's also going to be facing a tough global economy. what would be the prospect for growth this year? >> domestic development is still suffering because of too much construction in recent years. exports

fatih birol: i think china is also an issue for oil, because the lower economic growth from china meansower, slower oil demand growth, which means that the -- lost of oil in the market. it's the third year in a row we have more supply the demand. it means, 2016 -- still under pressure. i don't see any reason why we have a surprise increase in the prices in 2016. francine: what will it take for rebalance? at some point this oversupply will come off the market. is it one or two years away? iran is about put more oil on the market. fatih birol; there are two things. this year we we expected no -- production to go down half a million barrels per day. second, we expect demand increase about 1.2 million barrels for day. aas a result of this and other high cost fields to shut down or reducing their production. we may see in 2017, an upward push. number two, is the result of lower oil prices many coma panies are cutting their investment for new projects. in 2015, there was a decline in investments in the oil sector more than 20%. and moreover, this year, this decline will continue. further 16%

chinese point of view, it is not only from long history of china. >> rose: from the american int of view and point of view of your neighbors. they see it very differently as you know. >> they see it somewhat differently. what china has done is despite the strong feelings of historic rights, china have not been assertive, they have not been aggressive. because of the 50 eyelets or whatever you call them, over 30 of them, only chinese have eight, and filipinos have eight and the rest are the other countries in the south china sea. if china was very assertive they would have taken the islands back but they haven't done that. all they have said is let's find a peaceful way out. >> rose: what would be a definition of a way out. on the part of china. >> on the part of china is. >> rose: definition of on the way out would be what. >> there's an ongoing discussion within china, you know. and there's some code of conduct of the freedom of the delegation. there's also some ways china has suggested as to how these disputes may be managed and settled. you see. there are these discussions

from the opposition says taiwan voters want change because the ruling administration is not listeningt. to improveng government efficiency. chinam could collapse if the new government rejects the one china framework. stephen engle met another candidate who is quite literally rocking the establishment. >> perhaps best described as full metal -- folk metal. ♪ occupied by japan, wars with china, the polarized angst of today. he is not only the front man of the metal band, he is a loud new voice on the political stage, proselytizing for an independent taiwan. protectwant to stay to our freedom, democracy. normalize -- >> china will never allow independence. do you think conflict with china is inevitable? >> may be, but every democracy has difficulties. >> lim grew up pro unification with china, but grew disillusioned. he is gunning for a powerful seat. disaster.he biggest they do not want to listen to the people. >> young people are having more of a voice. a lot of the taiwanese grew up under japanese role. my generation grew up taiwanese. >> the presidential candidate says he gets the message. >> we should do some reform. >> but i

china triggers a global from, $2.5 trillion wiped global valuations, but you say it is not necessarilyll about china. why? >> first of all, china's economy has been on a downward path for the past two or three years. and that has been felt globally. theas been reflected in earnings of certain companies around the world and their share prices. we have been living with and digesting china's slowdown, even if we haven't realized it, for some time. if you have a selloff or a series of selloffs in china, it's not really a reflection of the long-term downward trend. stockhe fact that china's market has been completely out of sync with the reality of the chinese economy for the past year or more. there was a bubble. when the bubble burst, the government intervene to prop up prices at unrealistic levels. overdueare seeing is an correction to an overpriced market. the sell off doesn't mean there is some new thing happening in china that the rest of the world has to react to. angie: you're absolutely right. a lot of china watchers point mainland activity is mostly retail investors. this is a mom

it begins from the u.s. china commission he was on for many years and i drove heavily from him on this the idea that it all starts with a strong economy. you have to have a strong economy to generate the growth, the wage increases and the tax base to afford whatever military hardware and defense you need and the thing that's killing us now with our economy not so ironic is that unfair trade practice. since they joined the world trade organization in 2001 we lost 50 to get to 70,000 factories and got millions unemployed. we are growing at 2% instead of 3.5% and if we were growing at 3.5%, we wouldn't be having any of this conversation, that would be life on easy street. but it's not just that we have to deal with the economics on the trade issues is also the other parts of the comprehensive national power that matter which is the strong education system which creates the innovation that drives the economy. that's really so critical and you need a business climate which allows innovation to grow. you can't have a ta

a china securities regulator denying a report that its chairman opted to resign last week. ,he report coming fromt was not clear whether the government had accepted his offer to step down. flawsently acknowledged and loopholes within the regulatory system following the turmoil in the chinese market. china's biggest chemical company expanding into energy. in mercuria.stake it does add to their western investment. buy are also in talks to syngenta. if that went through, it would be the biggest-ever acquisition by a chinese company. companyh korean soup expected to post its first-ever annual loss today. demand behind the anticipated reverse. shares are falling 1.2%. cutting more than 1000 british jobs in the latest blow to the u.k.'s rapidly-shrinking industrial base. south wales will bear the brunt. they announced a closure of their plant in the northeast and the loss of some 12,000 jobs. china is producing about half of the world steel and they are selling cheaply overseas. says it is changing its output target because of the global glut in iron or. let's get more from this as we head over to davi

this is al jazeera live from london. china endures its slowest growth in 25 years. >>> eni can't set up it's operation against al-shabab fighters and questions the number of soldiers who have been killed. >>> diversity deficit spike lee boycotts the oscars saying it's a lily white awards show. >> the full scale of recent violence in iraq has been described as staggering, isil is largely responsible for the deaths of 18,000 civilians in iraq between the start of 2014 and october 2015. it says isil is also holding 3.5000 people as slaves, and 3.2 million people have been displaced over the past two years. >> a new u.n. report points to the staggering number of civilian lives lost because of the crises in this country. the latest u.n. report points to approximately 19,000 civilian who is have lost their lives between january and october of 2015 because of the conflicts throughout this country now the internally displaced people in iraq 1 million are children. it's a dire humanitarian crisis that has been worse. not only because o

, when china become bigger and bigger, china's financial assets from2% global share to 10% global share and also china played a bigger role. and china spent also have a big player for the region as well. we compare, it's very interesting, in this chart -- i cannot move, i'm sorry -- and the blue bar is the u.s. temporary impact for the region, for the equity market movements, and the returns. and the red bar is roughly the august episodes, the financial impact from china in august last year. if you compare the two things, you will see there is malaysia, indonesia, india, and you will see on the currency side, china have quite a bit of impact to the region, almost equivalent to the united states, particularly on the equity sides and movement sides. and china today have even big impacts compared with tapering impact in 2013. now, that's also become the new feature of the whole financial sectors are facing today. now, this is very much the system, if i provide some artificials in the few slices. the real economy is changing. the whole region changing in a

revenues in china went up by 6.6% last year, so that's not far away from the 6.9%, which means the figuret far away. madame lagarde also mentioned china's contribution to the rest of the world remains extremely large, which is true. talking to multinational ceo's who have business in china, most of them tell you that their business in china is expanding quite well. ford motors, for example -- they are not the biggest car seller in china, but they sold 1.0 7 million cars in china last year. china remains a huge contributor to the rest of the world, and this is something that the rest of the world should appreciate a little bit more. [laughter] >> you were pointing out also that a lot of observers underestimate, which is a strength of consumer spending and a strength of services. how resilient are those when you look at the chinese economy? >> when i look at still the dynamic force of the chinese economy is its entrepreneurialism, and especially the small to medium-sized companies, not the gigantic ones, even though they command a lot of power. in that regard, performs still need to be more

are you a bear or a bowl for 2016 from china. r or a bull fora 2016 from china?has notear yet been announced. how well they formulate that and what they do will make a big difference. there is a big debate going on, the balance between supply side -- demand-side measures. i believe they have to have both. if they push too much on just the supply measures and not enough on the demand measures, then you could see a deeper downturn. what is true all over the world is there is a slowdown in brazil , in emerging markets. the focus just on supply measures does not pick up on what is happening in the global economy. it is not excess capacity that is bringing down brazil. what is going on is a shortfall in global demand, china has immersed itself in the global economy, there are domestic things that are affecting it and exacerbating it but if they do not have enough demand-side measures, there could be a deeper downturn. rishaad: up next, one of europe's biggest sports netailers is targeting the asea region. how they plan to target a tough market. ♪ >> the first word on

he also published a collection of pieces from china called "strange stones: dispatches from east and west." he now lives with his wife and 5-year-old twins in an equally gentle and calming and underpopulated place, cairo. jianying zha has lived in china and the united states over the years and writes, i don't know how she does this, unbelievably fluently and elegantly in both languages, not that i would know about chinese but i'm absolutely sure that's the case. pop: oks include "china how soap operas and best sellers are changing a country." and finally, really in this case the grand old man of china writing for "the new yorker," i an that with love, he is astonishment. he is a pioneer in the writing about china. he is -- he served as the dean the university of california berkley school of joumplism. he's a scholar a writer a producer, and a teacher and he's written and edited a raft of books on china. i want to start with orville. you want to china for "the new yorker" for the first time in the 1970's and just to lay groundwork, not that the whole world is about what it's like for r

with a co-worker, he's examining the latest forgeries from china. a special squad made up of police, trade ministry officials, and textile companies have been trying for months to take action against the network of product pirates from ghana and china. john amoah tells us about the raid on the market. the cheap goods made in china not only copy the original patterns from ghana, but also the company logos. but how do you recognize the genuine article? john amoah, akosombo textiles: if you take this one, this is the design. if you look at this side and this side, the bubbles are not the same. you cannot determine where it falls. if you look at this one, this, this, this, this are the same. this, this, this are the same. reporter: a.t.l. manufactures everything from the traditional cotton cloth to the finished wax prints. everything is made in ghana. the huge drums are the heart of the complex art of producing the textiles. the dyed fabrics, which have been coated with wax or resin, are spun around to break up the resin layer. this produces a distinctiv

china sea. and even claims the continental shelf. and there's no question has the intention from its neighbors. but then the other parallel is that in order to do that. to share that fear as it was the barrier he has the barrier to china today. into a set up a perimeter to keep us out it it just wants to push us out so you can see the parallel. no question on the intention question the chinese have told us so go to capabilities there is a hubris here in the beltway and end nobody can mess with us. let me count the ways. my interview with him talked-about cut china has the most aversive there's so they have than running water all the way down because we don't know how to go back up but they started missile. that is the comparatively vintage. pleven he resigned from their. -- but then you move funds from their. path i had an interesting talk about mine warfare. that is the grandfather's lie. en to walk me through how all of a lion on the bottom in tour then with this every your aircraft carrier to use a new house and hour through the water. is our serious in to 10 but may be you kn

haidi: we are starting up a new year, with another pmi from china. what better way? story. it is a rebalancing? or a managed slowdown? mark: any economy goes three stage when they move away from stuff toop -- making using it. that is what happened in china. i do think that is a major misunderstanding among several towards china that explain its cheapness. i think a lot of people don't understand that this is a service sector economy primarily now. it is being driven by companies like j.d..com and alibaba, not being driven by petro china or new 100 storyf a skyscraper. you can see that in all the numbers coming out of china. service sector is driving the economy, it is the biggest part of the economy. that transition has actually already happened. i think a lot of people don't realize it. haidi: when you think of the service economy, when you think about the new economy that jean peng is trying to push forward tothat xi jinping is trying push forward, it is alibaba, and those companies. it has yet to trickle through. mark: if you drive across the border to shenzhen, th

china? it's a playback to 1863 and 64 when the original rockefeller spent half of the salary of the store clerk and then went to help to know their children. from that the family's interest in and devotion to china including the founding of the medical board in 1914 celebrating 100th anniversary in john d. rockefeller the third falling gold were to stop the world needed a center to focus on u.s. asia relations and if there's trouble in the future opportunity would come between the west and east and created the asia society. there are too important landmarks. this is part of the china phial that was an online magazine team of people. and we did a series of these bring in a generation and then reported on the chinese civil war. also the "wall street journal" and financial times and now "the new yorker". rarely orville is the moderator tonight he is a panelist. we do have an on-line audience. that can join the conversation live and ask questions and please welcome the editor of "the new yorker." [applause] and good evening i need to caution you that one of this for a panel on the middle east i would be at home. i have been to china twice. so you w

because i'm going to take our jobs back from china, from everywhere. people know that.plause] donald trump: so we are leading by a lot in nevada and by a lot , in the sec. georgia. we have places that are unbelievable. then we go to florida, and i am at 32. a sitting senator, marco rubio is at 14. jeb bush was their governor and he is at the bottom of the tubes. what is going on with this guy? he is getting killed. i love florida. it's a second home for me. i have a great relationship with the people in florida also. i said it is going to be tell because you have a senator, even though he does not show up to vote very much, and i would not be happy about that --, but you have a senator, sitting senator and you have a governor who was there for eight years and i'm wast from the beginning i clobbering everyone in florida. so that is great. looking at massachusetts, i had 52%. that is because tom brady loves me. he said great things about me. tom brady is a great winter. i don't know if you people like him. i think he helped me a little bit in massachusetts. we are doing w

told us that these red flag the repeated failure of our government to prevent countries including china from writing our economy closing their own markets to our goods and committing countless anti- competitive abuses including david g. of steel at the market below cost the presidency over this a statement that says -- the company calls this a temporary idling but no indication if and when production by resume the union says that this is indefinite. >> plans to close lakewood hospital are in motion, cleveland clinic family wellness department will be billed and operational by mid- 2018 the department will remain open until the new is ready, inpatient services at the hospital will be moved to other locations by the end of the month that we about 200 of the 1,000 please continue working >> johnny manziel drama continues its been a tough week for the quarter back we have video of the latest troubles for johnny manziel, the north olmsted police pulled the 23 -year-old saturday morning on i-480 for having an expired license plates, a minor issue involving a word with a dollar fine, but the fans a

the ubs greater china conference here in shanghai. nobel laureatee economist from, joseph stiglitz. stiglitz, thank you so much. let's talk about china. a lot of the jitters at least in the west about china has been what they claim lack of transparency toward policy. yuan.hey devalue the how important is it for the global economy to get clear agnals from china and would calendar event like the fomc meeting be a good idea for china? joseph stiglitz: my own view is that the more transparency the better. there has been this very great volatility in policy. and 2009, when the west was facing the global financial crisis. there was a lot of variability and uncertainty and it did contribute to downturns in the markets because nobody knew which financial institution was in trouble. nobody knew who was going to be bailed out. just a say this is chinese problem. this is a global problem for the financial markets. the weakening of the yuan. it could go to seven to the dollar. this would help chinese exporters if they want to export their way out of this slowdown. how dangerou

relying to make goods sold worldwide, more than 20 years of record breaking growth has propelled china from communism to consumerism. now the economy is stalling and the slow down is hurting many of the economies worldwide. commodity ex-porters have relied for a buyer for years are now also struggling. analysts say a slow down is inevitable, given how much the chinese economy has drown. they say high speed growth is unsustainable and a reset is needed. >> china is in need a moment of momentum transferring from old to new. so the overall economy is facing down with pressure. already analyst are predicting the economy to pull this year, and even government measures such as increasing spending and cutting interest rates aren't expected to help much some encouraging news emerged on spend, retail spending still drew by double digits and the automotive industry is forecast to grow. >> auto sales growth but and industry is doing all right, because they are willing to upgrade their cars. the government is already undertaking controls. to a market driven one. that will take time, for now, china and

china. right now, there is an amount of overcapacity in steel and aluminum, largely coming from china. a serious impact. over a year ago, we launched a dialogue about how to deal capacity. because, they are doing with the problem from their own perspective. we will press them to make those kinds of changes to move towards more market determined policies. to move towards domestic growth, rather than export led growth. these are all policies that the trade department is engaged with china to help encourage them to reform their economy. we think it will create more balanced growth for them. and a better relationship for us. david: the first blueprints of the deal predate you. china is not in disagreement. is that a point to you that they were not brought in in the beginning? mike: there were 12 countries willing and eager to sign up to a high level agreement. they have strong intellectual property rights. it puts disciplines on state enterprise for the first time in any agreement. it to make sure the internet stays open and free. -- it wants to make sure the internet stays open and free.

in the past five years, china's gdp grew from over $7 trillion to over $10 trillion, forming a solid material foundation for future development. the fiscal revenue of china for 2015 is expected to grow by more than 5%. and by the end of 2015, china's foreign exchange reserve surpassed 3.33 trillion u.s. dollars, being the world's biggest. china remains attractive to international capital. yesterday i visited a bv group. the director of the board said to me that the group still plans to increase their investment in china. and in 2015, we received $126.27 billion of foreign direct investment, up by 5.6% year on year. china is committed to reform and will further invigorate market's players. we are now formulating the 35-year plan, and we will pursue innovative, coordinated, open and shared development work to achieve sustainable growth of quality efficiency so the chinese economy will realize steadier and better development in the long run. this is my second point. third, china will nudge her new driving forces for growth through reform and innovation. for the coming years, china's deve

china is not giving her much room to signal a hike in the near term. biggest what is the risk that she will probably highlight from? >> i would imagine over the past few months, the big thing that is changed in china is exchange rates regime and where do you want to go from here? causing confusion and investors. some complain they do not have clear signals on china. will it be a sharp depreciation? will it be gradual? how should we measure the you want? yuan? a weakerhe responses fromr bright -- rival trading partners. a lot of uncertainty, that has to behind on the list. rishaad: any signs to an end from the outflows? about $1 trillion leaving china? >> no sign of a circuit breaker. there won't be until we get a bit of clarity in terms of the yuan, where it is heading. if investors were confident, they would know where they were are going and may not rush their money in the country. but if there is uncertainty, both investors, households, companies, looking to get money out of china and way higher currency. -- into a higher currency. rishaad: we have to take a break. afterwards, a look at an airline losing a lot

it will really grow strongly. 18%, china, from 2% to 10 pnt today. looking further the whole financial sector with very strong growth still below asia's gdp share. there's a still rule to continue a strong growth. with asia in the global picture, it's very interesting. asia is a test of asia. in 2005 to 2010, asia's exposure increases dramatically. roughly asia exports came 10 years ago. to have international structure. most interesting, is here. how much asia captures, and that is close to $5 trillion. so the next asia exports are larger captive to the whole world. but that's also a very interesting challenge. asian exposure increases dramatically in the 10 years. >> i've been asked to not step away from the podium. okay. usually, i tend to move around. brookings is much more difficult a place. okay, i will stay here. asia export and so far, $4.35 trillion to the whole world. and questions of asia can utilize for the argument. . i think that's also a big issue. and, because of that, asia exposed to the international stayovers. from roughly an advanc

china will continue to grow. it will continue to grow at a slower rate in more detail. and it is by design they changed their growth strategy fromanufacturing and export and import services demand. >> if you look at china, they are changing the economy to a consumptionc economy. it is part of making the global economy healthy. rishaad: that is the word on davos.n devil's -- in as 14% on as much speculation that news corp. may be keen on buying all or part of the company. that field -- that fueled rumors. twitter still ended the day 4% higher. apple entering india. india lightening regulations. goldman shares and just down about 2%. imposed a $2.3 billion loss in its fourth quarter. said challenging market conditions also hurt revenues by $7.2 billion. it will be its first four-year losses 2008. the chief executive has been trying to restore confidence. we just looked at results from goldman and deutsche bank. all the talk is also about barclays. we still don't have confirmation. something like a thousand jobs set to go in corporate finance and the equities derivatives business. david: right. 10% of the investment banking staff.

today the united states is challenged from russia, from china, from north korea, from iran, and then something else of course again as well and that is the international guerrilla war we're all facing today. these are very serious challenges we have. the iranian deal is supposed to keep us at peace for a period of time, but yet our sailors are assaulted, taken prisoner, put on their knees, held as hostage briefly, put into videos. don't you think that that image is meant to be real across the iranian world, the islamic world as they humble the great you state of america? and i say to you it's time for a change. it's time for the republicans to offer someone who actually will stand up and provide real presidential experience and leadership on behalf of the united states of america. [ applause ] he so leaning, what kind of country have we become? you know, we in 1776 set down the proposition that citizens were actually individuals with rights, the declaration of independence set this down. we hold these truths to be self-evident all men are created equal, they're endowed by their creat

. >> from china. >> hinojosa: from china. and diaz from your... >> maternal grandfather from spain. >> hinojosa: from spain. >> costa rica, actually. >> hinojosa: and then costa rica. >> yeah. >> hinojosa: you are, like, the... >> little bit of a mix there. >> hinojosa: what is that like, to... i mean, you say that it's a little uncomfortable to be seen as something special, but again, to be seen as someone, some person special in three entirely different countries is pretty extraordinary. >> well, it's a very big responsibility in some ways, mainly to the young people. because, you know, we become sort of role models, and... >> hinojosa: sort of? >> we would like to be good role models, as the role models that we had when we were growing up. and for me, you know, i always wanted to be an astronaut, ever since i was little. and... but i was not really mentally prepared for the responsibility of being in such a limelight. >> hinojosa: but how is it... because, you know, all little girls and boys, more so now girls and boys, but

we got to bring back the jobs from china. we got to bring back the jobs from japan and all these kin countries that are ripping us off. and we're going to do that. we're going to do that. just like i say. okay. so i say who's going to build the wall, folks? you tell me. who's going to build the wall? >> mixexico. >> mexico. everybody knows. i say that. again, they say you can't build

so you know, looking at china from outside, most americans tend to see strength and they see this unstoppablemarch. in fact there's like a recent article that says more than 50% of americans see china, not america as the number one super power. when the chinese hear about this, they're taken aback. there's a joke in beijing that goes something like this is a western conspiracy. they're trying to kill us by overpraise. you get praise to the skies and you lose your heads and act stupidly and you fall. but in fact most chinese think that's because americans don't like us and they're trying to push us back and contain us. but i think the danger is, there's the perceptions that are mutually reinforcing. in fact, that's where some of these "new yorker" balance and subtle journalism of china do a lot of good. >> peter, you came to china in a highly -- not the usual way. you weren't sent by a bureau. you came as a peace corps volunteer. you were interested in writing at princeton. we're both students of john mcphie. and i think was were interested in writing from the get-go. but you didn't land in be

all focus reflect back on the does of winning numbers from china. that the national team is playing in the shanghai composite as one analyst says from our asia reporters. the other interesting dynamic is the shanghai composite is no longer in a there -- bear territory. what we have here is shanghai debt. the overall margin trading falls june. lowest since last shanghai margin debt for the the day in a row is at lowest level since october the ninth, excuse me when bar worth had taken not about 1.3 trillion yuan. a real reduction in the overall leverage. where is the money flowing this morning? fromower gross numbers china are reflecting in the aussie and the kiwi. let's look at the aussie dollar and the kiwi dollar. we are turning it around in terms of these currencies. we have just come back from that negative territory. keep an eye on the japanese yen, it has risen by 2.3% versus the dollar this month. -- the future traders are the most bullish. let us get you up to speed. nejra: china's official growth figures came in below expectations with gdp ri

. >> how will china react to the criticism from neighboring countries? i think the situation in the south china sea is going to be a situation of what i call a slow boil. it's a pot of water on the stove that gradually gets hotter and hotter. most of the actors in east asia right now are trying to cool things down. but there will be isolated provocations and actions. i see no indication that the chinese are interested in real dialogue. i see no indication that they're going to back away from these very substantial artificial islands that they have built in the south china sea. so i don't see that issue having a positive trajectory. last year was the first time the u.s. sent a ship within the 12 nautical mile zone around the island. but why did the u.s. do that? the u.s. did that because china was adopting an increasingly assertive posture through its very active land reclamation activities. the u.s. strategy toward china is to encourage china's rise in a way that contributes to international norms and rules on both economic and security issues. but at th