now, the party is considering reform, looking beyond china singapore has become wealthy by keeping a system where one party dominates. >> the danger over the next five years is that the chinese communist party will lose its credibility as a ruling party. the party would collapse in five years to 10 years. >> but doing something they also be risky. chinese communists have learned from the downfall of the soviet union that small reforms can trigger the collapse of a system. but doing nothing can be dangerous as well. >> if they do not make a change, the nation will be in a much more unstable condition. if china all is not stable, the whole world will suffer. >> while the communist party is choosing its leaders in secret in there, out here in the middle of beijing, in power the party looks increasingly out of touch, something the next leaders will have to change. >> well, damon has been speaking about the dissident, ay we we, speaking to him about whether china will have to adapt because it is changing so rapidly. >> in many ways the country, the economics, the whole condition, the kind

to begin export ing until two thousand and fifteen according to this article interestingly china and singapore have jointly invested a billion dollars in this plant so have some investors blackstone group so as natural gas does become exportable from the us what impact might this have on natural gas prices in the u.s. market. almost none really it will make up less than twenty percent of the production it has to do so everyone's talking about if you just sit down and do the mathematics what these bureaucrats have to understand it will make up less than a fifth of what you're producing certain things that the holy grail is going to be producing you know time to all you know to japan and china and everyone else it doesn't fly like that would have us of could tar which has the largest facility right now in the world just says ok we want to have a longer term and a much cheaper price on top of that america hasn't built their first facility yet but about cost overruns about dudley's what about libor there are so many factors that go in and i think they will see that it's going to cost a lot more mo

we want to show what ideas are coming out of the far east, china, malaysia, the philippines, singaporeall over from europe. perhaps from africa and south america. we can learn from that just as we have done with concepts like sunday streets where people take back the streets and start having fun in our urban communities and bringing out the children to enjoy the environment. this is our future generations so we have to have the best ideas. how to keep our environment and our strong. i want to tell you that there are a tremendous amount of enthusiasm for keeping our city grain trade we have at least three different projects that we have been focused on for a number of years. i have had the privilege with working with mohammed and our city engineers to accomplish this. most importantly with our community leaders and volunteers throughout every part of our neighborhoods. i hope that you do you is your time and take advantage of our wonderful weather to go out and do as many doors as possible of all the -- tours as possible of all the community gardens. we have a committee challenge progra

at the figures they regularly come in at more than forty thousand pounds per trip one ship singapore in china cost a whopping seventy two thousand pounds something has clearly gone wrong when you have a coach trip costing eight to ten thousand pounds per member of parliament on the trip there either. staying in luxury hotels when they could look at more modest accommodation or they're using business class travel when they could travel most of the rest of us not surprisingly the public's not impressed i certainly think it's excessive and i think they i can't say taking the piss but they're taking advantage there's absolutely no question. that there is a good place if you have the patience to look on the right side and if the m.p.'s need some advice on how to save the pennies the public has a symbol for the device for the. central meaning you know you're ok guys i think he. was we'd all love to just fall into the sunset to help us deal with the economic crisis those excessive expenditures are going to leave many m.p.'s looking like they simply got their heads in the clouds so artsy london. now

if we don't provide the opportunities, scientists will be in china and india and singapore.z: if you had the ear of congress right now as they dither over the fiscal cliff discussions what would you say as it pertains to your passion? >> obviously we have a lot of passion and the education and health care but once again this is the number one driver of economic growth. liz: of all the funding might get cut if we go over the fiscal cliff, doesn't that create a massive stumbling block for you guys, what you're trying to do? >> there are two areas you are raising. it will be shifting asia. china is not cutting their commitments, they are increasing their commitments and india is dramatically increasing, singapore is dramatically -- the uk is investing more. we are talking about where is the center of innovation, where will the company's -- it is not that it is not going to exist but it will shift -- liz: we will lose our leadership. >> we will lose our leadership of we don't recommit. liz: are you worried we are not turning out enough doctors and scientists in this nation? >> w

looking beyond china, they have commissioned a report to singapore. it has become wealthy but kept a system where one party dominates the rec and parks the danger of not having political reform in the next five years -- where one party dominates. >> the danger of not having political reform, the chinese party would collapse if they do not do anything. >> doing something may also be risky. chinese communists have learned from the downfall of the soviet degree -- the soviet union that they could trigger a collapse of the system, but doing nothing could be dangerous, to to rec and parks if they do not make a change, they will bring it to a much more dangerous position. good the world will suffer from it. >> china's rise means what happens here will have a huge impact on the rest of the world. now out here in the middle of beijing, they have been sealed off. in power the party looks out of touch, something the leaders will have to change. >> as china's communist party prepares to unveil a set of leaders, our website has comprehensive coverage, including i

or not china or not singapore and we are not so much. we are a, diverse, federal, very complicated country. so one question we ask is what can we learn from ourselves in other parts of the educational system that are more successful? chilled by the tertiary education, postsecondary. the universities, colleges across the board are the standard internationally. what do they have k-12 does not have? number one, they have competition. [applause] secondly, they have sobriety. it is not one-size-fits-all. you go to community college, liberal arts, big research come the spot research. they have variety. one of the things between a task force to say the first american excellent that could be imported into the k-12 education system. that firm a confirmed that monopolistic tendencies in the k-12 education system may be the biggest problem. so there are things we can learn from others, but there's also an awful lot we learn from ourselves in other areas of american life that are more successful. >> it was so impactful in terms of the task is, but t

there's a lot we can learn from others, but we are not china and we are not singapore or finland. we are a big and diverse, very competent country. one question that we ask is what can we learn from ourselves and other parts of the educational system that are more successful. the universities in this country, the colleges across the board, they are the gold standard international. what do they have that the k-12 system does not have? first of all, they have competition. [applause] that is why i'm also a major advocate of school choice. secondly, they have variety. it is not one-size-fits-all. you can go to a big research university, a small one, a liberal arts college -- there is variety. what are some of the sources of american universities that can be imported. that can be the biggest problem. so i think that there are things we can learn from others. there is also a lot we can learn from ourselves in other areas that are more successful. >> it is still important. >> we still believe or want to believe that marriage matters. it's not who you are, where the talents or challenges

china pmi data in asia. let's get more on that in singapore. >> most asian markets finished in the green with exception of the china markets. the shanghai composite weaker despite the november flash pmi data showed the country's manufacturing sector expanded for the first time in 13 months. chinese liquor makers had another nasty session by lingering contamination fears. there was supported policies. the rest of asia rallied. shares this hang congress hit a two week high. the nikkei managed a strong finish to end at a more than six month high. auto majors and electronic stocks were among the most heavily traded stocks. the kospi was lifted by a strong rally in technology shares. samsung electronics gained over 2% as the u.s. kicks off its holiday shopping season. in australia, upbeat china manufacturing data helped spur a broad based rally. the asx 200 ended at a ten day closing high. india sensexs also ended in the green higher would i a quarter of a%. ross, back to you. >>> kooaccording to our next gu, the only time equities have gone higher is during a bubble. richard, what metrics are you saying they're o

disease had emerged from a different place than southern china and then hong kong and had gone to different cities than toronto, hanoi, paging, and singapore, but the whole history have been different? think about those cities. command-and-control cities with a lot of strong government, a lot of good public health, a flood facilities. if that disease immersed in a province of the democratic republic of the condo, gutted kim johnson, i love the condo, but it has a lot of disadvantages, and its disadvantages would have been probably very consequential if something like saar's it come out. >> site. yes, book and a lot about the wildlife aspect of the diseases. could you comment on the role of the livestock industry, both in terms of the control and prevention of these diseases, but also the potential spread. >> yes. the factory farming, huge operations like the pig farms in malaysia are part of what makes this problem more urgent and more dangerous. it is part of what makes us, the human population and are extensions of a forest of very dry tinder waiting for a spark. the mention the case of malaysia. the fact that there were kept in these hu

china's backyard. deidre wong morris, cnbc singapore. >>> joining us you now is ceo of export now. frank is also former u. under secretary of commerce. frank, welcome. what do you think is behind president obama's trip? >> i think your correspondent had it exactly right that the united states is just looking for greater connectivity and it's particularly relevant at a time when burma is starting to open up that the u.s. get fully engaged in the economy with the political leadership of that country. >> you can always debate the pace, but no doubt reform is taking place when he moves from house arrest to being an elected city member of parliament, that's not just rhetoric, but those are concrete steps that i think the world should respect and i think it is a signal to all of the democratic nations, the advance nations that it's a good time to start engages that country. >> how do you think china is going about this visit, as well, and what will it mean for future relations? >> china has a role to play and burma will be the economic car because trade and investment. but i think many b

over the last five or 10 years, talking about singapore or china that somehow this is the future.ell, it's not. one of the ways we will make sure it's not is actually going to be by dealing with the issues that are essential to this conference here today. next person wanted to hear from was from paul past record was in louisiana this date leader of education. spent thank you very much. it's so great to be here because this is the one time of year where i'm surrounded by people who think like i do, that the urgency of now is now. it's not next week, next year, next whatever. the kids are dying for adults to get their act together. and we are also suffering every day, i believe, and i've got a new life. i walked away from the public service life. i'm not in the aerospace business. >> welcome to the 1%. >> and i'm lucky. i'm very lucky but i'm also -- [inaudible] today i got an e-mail from my technology person who said we have been attacked again. our computers are being hacked. this is many times this year. we do government defense work. people are hacking our system, trying to get

disease had emerged from a different place from southern china and hong kong and had gone to different cities in toronto, hanoi, beijing, singapore, make the whole history have been different? think about the cities. their command-and-control cities with a lot of strong government, good public health, apple facilities. if that disease emerged in the democratic republic of the congo , i love the congo, but has a lot of disadvantages and its disadvantages would have been probably very consequential to something like sars. >> hi connie spoken a lot about the wildlife aspect of the diseases. could you comment on the role of the livestock industry both in terms of the control and prevention, but also the potential spread? >> factory farming, huge operations like farms in malaysia are part of what makes this problem more urgent and more dangerous. it's part of what makes us, the human population and our extension a forest of dry timber waiting for a spark. i mentioned in the leash of the fact that pigs are kept in huge outdoor compounds and they were arranged in a particular way with fruit trees, with part of the resulted in the spillo

china's newly announced leadership. on the economic front, hong kong and malaysia will be posting third quarter gdp figures. singaporeill issue revised q3 growth numbers. so not just the eurozone that's slowing. still to come, more on china's once in a decade leadership transition. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. three words dad, e-trade financial consultants. they'll hook you up with a solid plan. wa-- wa-- wait a minute; bobby? bobby! what are you doing man? i'm speed dating! [ male announcer ] get investing advice for your family at e-trade. . >>> china introduces the world to its next generation of leaders. xi jinping will become the new leader as the new circle is anointed. european equities are moving lower. and president obama throwing down a challenge to congress saying the fiscal cliff issue is solvable as he gets set to begin critical bunch tkricritical bud. and rocket attacks in israel. the u.n. urges

china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings the total to 1.5 billion. the banks also had to set aside more than $250 million to cover british customer claims. pretax profit of $3.5 billion and will hlower than the same p in 2011. >>> japan's biggest automaker has revved up its

singapore. you're sitting in hong kong, so let me ask you about the china side of things. you're quite optimistic about china's growth saying in 2013 it will be minimum 7.5%. but this new leadership is coming in, they'll take the reins in march and the government has long been trying to ship the source from growth from investment and the massive spending plans on infrastructure to domestic demand. so if that happen, how do you see the effect on commodities? >> first of all, i think that it is an admirable goal, but it is going to be a bit of a challenge. i think at the end of the day, the economy will probably continue to grow as it has in the past in the foreseeable future for the next two, three, four years. so as long as we have growth in the 7% to 8% range, that's still going to be very bullish for commodities. certainly in the longer term as we move more to consumers, that will have an impact on the mix of metals and perhaps we won't be growing quite as strongly in coal and iron ore and more in shall we say second and third wave metals. and he mentioned titanium dioxi

singapore. >> thank you, ross. asian markets wrapped up the week on a positive note. in china, the incoming premiere on further reforms boosted sentiment in the markets. liquor makers helped. some outperformed on the back of financial reform pilot program. shares in hong kong gained for the fifth straight session. this is the best week for the hang seng in 2 1/2 months. chinese developers rallied for the third straight day on hopes of supportive mole cipolicies. taiwan's government will unveil measures to boost markets. samsung and hyundai motor lent support to the kospi pushing the index to close higher 0.6%. australian market ended flat with energy majors tracking lower. the asx 200 is up nearly 2% for the week. nikkei 225 had already chalked up nearly 4% gain this week. back to you. >> all right. thanks for that. so we just over an hour and 30 minutes or so into the european trading day, you can see after five days of gains, we're just weighted to the down side not by much. around about 6:3. still trying to get the best around greece. cac 40 down a quarter. ibex down 0.the

singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out loans the remainder of year. we have the kospi in south korea down .7 of 1%. we had a north korean launch site showing increased activity. that just increased the jitters in this market. the japanese markets, they have really been on a rally, on a roll, on a tear over the last few weeks. the nikkei 225 has gained more than 9% just the last two w

china since 2001. that's when exports fell 88% following the prime minister's controversial visit to the shrine. back to you, ross. >> investors appear to give the singapore firm the benefit of the doubt today. the firm recovered after failing to back its allegations against the singapore trader. the research firm published a letter, scant on detail but criticizing for its huge debt pile. it also said the company will collapse. olam has defended its business. joining us for more, the general manager at funsupermart.com. thanks very much for joining us. people will say there's no smoke without fire. who's got more reputations to lose here? >> i think olam has more reputation to lose. we don't know what's the basis, but it is possible that it might be insufficient, inaccurate. they have access to all the information. so if muddy waters is right, then something is going on at olam. in that case, they would have much more to lose. >> whatever happens, does olam need to come out and therefore be much more transparent about his business? >> yes, i think that it would be good for olam to be much more transparent and forthcoming in terms of disclosure since i bel

friedman capitalism but other places, china is a communist country but it is also a capitalist country, just a different definition of capitalism. in places like singaporethere are small countries where there is a strong collaboration between the government and the market, a different form of capitalism. places like brazil and india where there's a big social agenda because they are developing. in southern europe, northern europe or different forms, in northern europe, the government believes in a strong social safety nets, believe in paying for health care, believe in playing a role in determining what businesses succeed or fail and yet those governments have budgets that are balanced and growing faster than we are and creating more jobs than we are. we have to be a little bit careful when we as we sometimes do in the united states that are high horse and say we understand capitalism, actually what is going on in the world is a competition between different versions and if our version produces more in the quality and less growth is seen as less fair, and others are seen as more fair and are producing more growth, who do you think is going to win that a