u.s.-china relationship. in my view, china and u.s. relationship is the reason why it has come so far today because it has followed the trend of history and has moved an historical waves and that's what is needed by our peoples and that serves the common interest of our peoples. and that is because the man in both countries have come to appreciate that point. dr. kissinger is with us tonight dr. kissinger was one of the pioneers in normalizing the relationship between the two countries, and he was more lucky than most of the chinese people present tonight because he had the chance to meet the chairman, to meet premier chou which read left deeply, and he had the opportunity to meet with mr. don shopping as well as president hu jintao. so he witnessed an experience from the whole process of china's reform and opening up how this policy has been advanced and how it has been implemented and how great changes have taken place in china, so dr. kissinger is an eye witness of china and most of the friends here tonight also witnessed parts and

every progress and achievement in china-u.s. lationship is a symbol of your commitment and effort. in a new historic era to seek new opportunities. we need your contribution and efforts. in china we say that fire burns brighter and higher when everybody contributes. everybody adds wood into it. and greater things get done when everybody contributes to it. and an even brighter future of a china-u.s. relationship have contribution from all peoples from all walks of life. dr. kissinger said it's an innovative era so we need to build on the achievements in the three decades of the past and the achievements of the predecessors. we need to build together an even greater future. and finally, i wish to share with you a piece of happy news. i told secretary clinton the day before yesterday that was one month ago today, i became a grandfather. and before that, someone told me that life will be different when someone becomes a grandfather. i think that comes with a lot of responsibilities. whenever i hold my adorable little grandchild, i we

u.s. and israel. tonight, we take you on one of the largest where leaders say they would be happy to lead. >>> china and the u.s. begin two days of critical talks on issues ranging from the world economy, climate change and nuclear proliferation. president obama says the outcome will shape the 21st century. >>> and from australia, the latest baby pictures of a newborn that's packing on the pounds and pulling in the crowd. >>> from the world's leading reporters and analysts, here is what's happening from around the world. this is "worldfocus." made possible, in part, by the followingunders -- >>> good evening, i'm martin savidge. as we told you friday, this is a critical week for u.s. israeli relations. no fewer than four prominent american officials are in israel to discuss iran's nuclear threat and to try to resolve differences between the two close allies. about israeli settlements on the west bank. we're going to have extensive congboth of these stories tonight. >>> we begin with new tough talk from israeli's defense minister emud barack with robbert gates. barack made it clear that israel is still c

and china-u.s. relationship will surely keep moving forward at a new starting point at which this round -- new starting point. i wish this round complete success. i now give the floor to secretary of the treasury timothy geithner. >> thank you vice premier wang. it's a great pleasure to join secretary clinton and your entire delegation. president obama and president wu called on us to build a comprehensive bi-lateral relationship. this is a testament to the importance of that relationship and our commitment to strength g it. i had the privilege of studying twice in china almost 30 years ago. and if you look what china has achieved since this the leadership in that country has brought about some of the most remarkable transformations in modern economic history. no one can look at china and not be convinced by the basic fact that when china commits to reform it is able to deliver remarkable change. this strategic and economic dialogue breaks new ground by bringing together senior officials across the

china business council's john frisbie. >> so the u.s. will have its own questions about china's exit strategy from that to avoid inflation down the road, just as china is going to be talking about our own exit strategy to avoid inflation here down the road. >> reporter: this meeting is billed as a dialogue and it is high level: by including secretary of state hillary clinton, the obama team is signaling the breadth of issues china and the u.s. face. but the very size of the meeting and the size of the two nations underscores the difficulty of making quick changes. >> this makes it very important that this dialogue continues and that the united states be in a position to nudge china in the right direction as it emerges as the leading economic power of the 21st century. >> reporter: one issue where progress is slow, but the need increasingly urgent is climate change. the two countries have deep economic differences there that may be harder to resolve than the usual disagreements over currencies and trade. darren gersh, "nightly business rep

china and the u.s. debt to gather in washington for talks. the relationship they say could shape the 21st century -- china and the u.s. get together. welcome to "bbc world news", on pbs in america and elsewhere around the world. it is now nearly 1 months since u.s. forces in iraq officially came to an end -- it is now nearly one month since then. it has got a distribution deal. you will hear from a young filmmaker behind a new movie. jacob zuma tapped into the mood and took over as president. just a few months in and despite his election promises, he is facing a challenge from constituents. thousands of workers went on strike today, crippling public services. police clashed with some workers who brought city centers to a halt. the protesters are enduring the biggest economic downturn there since apartheid and say they have run out of patience. we have this report from johannesburg. they walked across nelson mandela bridge, bringing the city center to a standstill. bus drivers, municipal employees, and others have stopped work. they want a wage

and thinking where's my mind changes that have taken place and i wish to look at the future of china/u.s. relations with optimism. first of all, nine years into the 21st century we're now in a completely different world compared with the 20th century. today china, the united states, and other countries are all living in a smaller village and we all face more and bigger global challenges that we cannot handle single-handedly. we're actually in the same big boat that has been hit by fierce wind and huge waves with our interests interconnected and what we can do is to follow the trends of the development across the path of stormy waters on this passage of boat to seek coexistence. secondly, thanks to our joint effort in the past three decades huge progress has been made in our relations. the united states will never become china and china will never become the united states but there are living factors that china and the united states interactions have never been on frequent and our it's never been interwoven so closely and the mutually beneficial cooperation between the two countries has n

states, being in a better position than the united states, of course china is going to want to know how much the stimulus package that the u.s. is working on will stabilize the economy, china holding $50 billion of u.s. treasury bonds. they have been very worried about the stability of the u.s. dollar, so lots and lots to discuss. >> a very important meeting. we will have more on that. you are watching "world news today." stay with us. coming up -- outlining the way ahead for afghanistan. the british foreign secretary makes an offer of reconciliation to taliban fighters. also, why the american military in iraq are continuing their patrols. that is despite an official withdrawal of troops from the country last month. the trial of the burmese democracy leader aung san suu keet has entered its final phase with the post -- aung san suu kyi, has entered its final phase. her lawyers expect a verdict within two to three weeks. the first nuclear submarine built entirely in the country -- the prime minister of india said they had no aggressive intentions but that the sea was becoming increasingly relevant to its security. >> senior n

china/u.s. relationship, the reason it has come so far today, because the trend on history, moves in historical way is. that serves the people. that is because both countries have come to appreciate that point. henry kissinger is with us tonight. dr. kissinger was one of the pioneers in normalizing the relationship between our two countries. and he was more lucky than most of the chinese people present here tonight because he had a chance to meet premier joke, who we loved deeply. and he had the opportunity to me mr. dun chao he witnessed an experience, how great changes have taken place in china. so henry kissinger is an eyewitness of modern china. friends here tonight also witnessed, parts and sections of china opening up the process, who was riding a bicycle in beijing in 1981. and including his father. on the internet, people sometimes talk about my relationships, sometimes they think i am one of the uncles of secretary timothy geithner. because his father -- was the representative of the fo

china. and she says the u.s.hould weave human rights concerns, like a free press, into talks on other issues, from the environment to product safety. >> to the extent that any of these issues across the board rely on the free exchange of information, the freedom of expression, the ability for people to raise problems with the government, and the need for an independent judicial system, and that cuts across a lot of different issues in the us china relationship those need to be brought up by all of these different agencies rather than just relegating them to a human rights dialogue, which really the chinese government just has to sit through once or twice a year and there are no real consequences. lieberthal responds that the obama administration is doing that, but can only do so much. >> i think its hard to find an area, whether its nonproliferation or clean energy or economic and trade relations or anything else, where we are not pressing that broad agenda. >> this is a tightrope, it's a very tough tightrope to

u.s.-china relationship will define the 21st century. he also said, he and the treasury secretary, they called for fundamental change in the u.s.-china economic relationship and american recovery will feature slow growth and debt-weary consumers reluctant to spend money purchasing chinese imports. >> as americans save more and chinese are able to spend more, we can put growth on a more sustainable foundation because just as china has benefited from substantial investment and profitable exports china can also be an enormous market for american goods. >> china's success in shifting the structure of the economy toward domestic demand-led growth, including a greater role for spending by consumers, will be a huge contribution to our global challenge in bringing about a more rapid but more balanced and more sustainable global recovery. >> treasury secretary geithner did not mention continuing concerns about china undervaluing its currency. top chinese officials said nothing about trillion-dollar u.s. budget deficits and the possible impact on t

u.s./china strategic economic dialogue gets under way. u.s. ls say china must understand a slow u.s. recovery and debt-weary american consumers means its chinese cannot expect exported goods to the u.s. will be a major path for chinese recovery. >> as americans save more and chinese are able to spend more, we can put growth on a more sustainable foundation, just as china has benefited from substantial investment and profitable exports, china can also be an enormous market for american goods. >> treasury secretary geithner and secretary of state hillary clinton will lead talks with vice premiere wong and state counselor dye, a top diplomatic and security expert. china is america's top creditor, holding $768 billion in treasury securitie securities. going forward, they say the goal should be a balanced economy. >> china's success in shifting the success of the economy toward domestic-led demand growth including greater spending by consumers will be a huge contribution to our global challenge in bringing about more rapid but more balance and more

china and the u.s. are meeting in washington to discuss major economic and political differences. >> track and america stood together to there, trying to speak the same language. >> yes, we can. >> not much was announced, but there were words. >> u.s.-china relations will shape the 21st century, making it as important as any bilateral relationship in the world. that must underpin our partnership. that is the responsibility that together we bear. hip-hop -- >> much of the relationship is based on money. the current crisis makes it clear that the choices reverberate all crossed the global economy, not just in new york and seattle, but in shanghai as well. that is why we must remain committed to strong bilateral and multilateral coordination. >> both countries are hit hard, but china has an interest in american financing recovery. washington is investigating to the tune of about $700 billion -- that is how much they are in debt. some said that limits their leverage. one area where america wants chinese cor

we welcome china's role in running peace and stability in the asian pacific. in the last 30 years, the u.s. has helped foster security in the recent -- in the region, and that has been a critical factor in china's growth and important strategic interest of our own. in the future, we will remain actively engaged in promoting the security of asia. one misunderstanding or disagreements arise, we will work through them peacefully and through interactive dialogue. this strategic and interactive dialogue different from ones in the past in scope, substance, and approach. it is comprehensive by design, meant to enlist the full range of talents within our government and to include cross cutting challenges that are neither bureaucratically need nor easily counted -- easily, behalf -- easily compartmentalized. we are laying the foundation for a good relationship, improving communication, increasing understanding, and creating a work plan. the agenda will focus on several areas -- first, as secretary tim geithner and vice premier from china will demonstrate, the economic recovery that is critical to b

u.s. and china, but the u.s. and india. if you may recall, last week's minutes -- went out of his way to be offensive to secretary clinton when he was visiting in india and is a cassette india will not limit its gases come all of the problem was because of the united states and it was not up to the united states to tell the what to do on greenhouse gases. this is a bomb like that. secretary kallenbach the efforts -- this is a bump like that. secretary clayton's -- secretary henry clinton is seeking cooperation i think she'll get much more cooperation from china on this very import issue than from india. now, coming to your point on taxes and tariffs and so forth, i don't think the u.s. and china cooperation will be at such a level that congress will be relaxed. if you look at the current version of the waxman bill which is now out of the house and over in the senate's, but senate will look at a very quickly and i do believe there will be tariff provisions on u.s. imports on countries that don't appropriately limit their gre

moving out of the crisis and toward recovery, to stimulate economic growth remains a top priority for china/u.s. cooperations. >> somebody who has been following this week'talks in washington between the obama administration and the chinese has been nicholas lardy. a senior fellow with the peterson institute for international economics. the chairman of the peterson institute. peter peterson has a separate foundation which is among those providing funding for "worldfocus." thanks very much for being with us. there's been a perception that the chinese are growing skittish about investing so much money in america. was the treasury secretary able to convince them about the soundness of the u.s. economy? >> well, they seem to be persuaded of the soundness of the dollar both today and going forward. but you know what they -- at least that's what they said. but they really think of course is hard to know given the perspective large u.s. budget deficits going forward over the next several years. they certainly have reason for concern given the large volume of dollar holdings that they have now. >> and

china. one particular story we're watching is the u.s. top creditor. china is in washington today for the strategic and economic dialogue talks on a wide range of diplomatic and energy platforms. let's go to frank and ask him what he thinks is going to happen at this meeting. is there going to be anything specific come out of this meeting? >> i think there will be a lot come out of this. remember, this is not a decision-making meeting. this is not trade negotiations. we're not going tonend up with specific set of steps. korea, north korea issues, climate change, global economic recovery, those kinds of issues. >> on the issue of economic recovery, the u.s. wants deeper economic cooperation as far as the u.s. is concerned. how do you think the u.s. is going to make use of this growing economic clout of china? >> it induces these kind of get-togethers. that both countries agree that a little more balance in china's economy would be helpful. meaning shifting away from purely export-led growth to domestic consumption would help all around. the united states

u.s. treasury debt-- se $800 biion worth-- china wants the u.s. to tame itsoaring budget deficit. the u. nts china to help reduce the yawning trade decit. the list of anda items they're appling with in the buiing behind me ia very tall order. yet se human rights activists say that in this pusho work more closely withhina, the u.s. is givi one cruci issue short-shrift. >> we haven't seen gnals thus far to suggest a new smt tough approach on china and han rights. warner: sophie richardson, asia advocacy dector for human right watch, sa the administrationpeak up more abouabuses in china. and she says the u.s should weave human rghts coerns, like a free press, intoalks on other issues, from the environment toroduct safety. >> to the exte that any of these issues aross the board rely on the freexchange of formation, the freedom of expression, the abity for people to raise problems wi the government, and the ed for an independentudicial system, and that cuts acrosa lot of differenissues in the us china relationship those nd to be brought up by all of these differenagencies rather tn just relega

u.s. and china enters its second day today. beijing pressed the u.s. its huge deficit as well as fiscal and monetary policies while washington says china needs to boost efforts to rebalance its own economy. let's get analysis from frederick newman, senior asian economist coming to us live out of hong kong. do you think anything significant was achieved behind the scenes that we don't usually focus on? >> i think it's more about talking to each other and perhaps smoothing the waves a bit. we know that the strategic partnership has perhaps changed over the past 12 months. we saw over the last several years the u.s. being a bit more aggressive. now it's more about dialogue. i think ultimately they will prove more fruitful. there are no specific agreements we're looking for, but rather the two sides are talking to each other and hopefully that will curtail statements in the future of an aggressive nature and help to calm financial markets. >> how do you think the dynamics of the relationship between these two countries have changed or will change under the

u.s.-china strategic and economic dialogue. the biggest issues between the two countries, major differences on trade and the growing u.s. budget deficit. secretary of state hillary clinton and treasury secretary timothy geithner are also there at the meeting. now, as far as my schedule that i'm looking at that we do expect that president barack obama will be the next speaker. as i'm told we were listening in a little bit there to the chinese state counselor. so, we will keep our eye on this for you and just as soon as the president comes to those microphones, which may be any second, we, of course, will bring that to you. i was listening just a moment to the state counselor who was talking about how important the relations between these two countries, the united states and china are, discussing how large their economies are and how large -- >> ladies and gentlemen, the president of the united states -- >> obviously, that is one of the major issues in continuing a relationship, especially considering the amount of treasury bonds

. >> president obama said today china and the u.s. need to cooperate in order to get the global economy back on track. president obama kicked off two days. hillary clinton said china and the u.s. are laying a strong foundation for better relationships. now under discussion are the economy, nuclear weapons, and climate change. >> home buyers are taking advantage of low prices, low interest rates, and credit. new home sales went up 11% in june, the fastest increase in more than eight years. the noreast and midwest saw the largest jump, while the south saw a 5% decline in sales. home sales and other economic indicators kept stocks pretty even today. the dow ended up 15 points to stay above 9000. >> employees from a fear about to lose their jobs. the department of transportation plans to end 1500 full and part- time positions to fix the budget shortfall. those affected are in preliminary engineering and construction. verizon is cutting 8000 jobs nationwide. it will affect employees and contract workers. it will balance of layoffs, but the

see you later. >>> still ahead as we continue, more important china talks with the u.s. and china going on in washington right now. when it comes to the economy, though, is china a friend or a foe? we will hear from the experts. >>> plus, cash for clunkers. that program is off to a roaring start. what about all of the other incentives that are thrown in? is the auto business getting hooked on give-aways once again. >>> up next -- solid economic news but the bulls look a little tired after two strong weeks. how do you make money in this market right is nnow? undefeated professional boxer floyd "money" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. esesesesesesesesesesesesesesese. >>> and welcome to the "fast money" half

u.s. will deal with the soaring budget deficit. china uses its massive trade surpluses with the u.s. to bolster its economy. >>> a bipartisan group of the senate finance committee is working on a compromise health care plan but it does not include the president's push for a government-backed insuran option. president obama will continue his push for universal health care and aarp town hall meeting today. nearly 10% of all health care dollars in the u.s. are spent treating obesity. according to the centers for disease control and prevention, medical costs for obesity- related illnesses have soared as high as $147 billion just last year and officials say the health-care system is suffering because of it. >> if you go with the flow in america you and of overweight or obese. it is not a change in the genes but a change in environment. >> the only way to have real savings in health expenditures in the future is to reduce the prevalence of review -- obesity and related health issues. >> one out of four people in the u.s. are obese, that is up from one out of five just 10 years ago. >>> mon

u.s. and china finishing up the second day of the strategic and economic dialogue 0. up next, city securities international partner donald tang is with me live from beijing on what the talks mean for u.s./china relations. he's coming up. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was more like a giant leap. till i discovered nutrisystem d. in a clinical study people on nutrisystem d lost 16 times more weight and reduced their blood sugar 5 times more than those on a hospital-directed plan. plus a1c was reduced .9%. choose from over 140 menu options, there is no counting carbs, calories or points. i lost 100 lbs. and lowered my blood sugar level. nutrisystem d changed my life. mike is one of many who have lost weight and controlled their diabetes with new nutrisystem d. backed by 35 years of research and low glycemic index sci

china's concern for the u.s. economy...why it's pushing for america to be more responsible with our fiscal spending.. and should we be afraid of china's threats? plus, from yahoo to microsoft....the competition among internet search engines heats up...but do they have what it take to lure users away from google. and...finding happiness during this gloomy economy....why one expert says now is the time to look for the positive....it's all ahead on this edition of first business. welcome to the show everybody thank you for joining us and let's bring matt shapiro of m w s capital joining us from the options exchange. it looks like the stock market is continuing to like what they are hearing from companies reporting second quarter earnings results. this morning we are going to have some big names at&t american express ups and microsoft after the close and i think this is going to put points on if we can get to the century mark that with and stalking best of distance. cochran did so with initial claims this morning and

u.s. and china in greater balance. from the u.s.e that means convincing the chinese to spend more domestically, get the consumer spending going. and also convincing them to keep buying our treasuries. from the chinese, it's a matter of talking to us about getting our deficit under better control. i think it's really important to have this dialogue. the longer it goes on, the greater the chance that we see the dollar in a stable situation. >> jon, real quick, what did you make of bernanke last night? >> you know, it's interesting. bernanke is this kind of quiet, very academic guy but he does really well in these settings in which he's breaking things down. he taught a freshman economic class at princeton that was very popular. he's very good at explaining things in simple terms. and i think it helps him. you know, he's in the home stretch in obama's decision on whether to reappoint the guy. and when he goes out into these more open settings, he tends to do a very good job. >> mike pinto, do you agree? >> not at all. our economy, the

u.s.-china strategic and economic dialogue. the u.s. a holding a top-level exchange on a broad range of challenges, foreign policy issues, climate change and the like. the delays were expected over the 14th street bridge this morning. the bridge is open. there's ample signage. d-dot predicted it would be slow going over the bridge. so you may want to stay off the 14th street bridge and opt for roosevelt or the memorial bridge. here's the closure information, 14th street is supposed to be closed, the iormation given to us by d-dot between constitution and pennsylvania avenues all day today. beginning a little after 5:00 a.m. and contiing through 6:00 p.m. tonight. people who use 14th street are advised to take these two detours. inbound from 14th street, northbound from virginia, they want you to go the southeast-southwest freeway and take 12th or 7th street. outbound, southbound drivers can take 9th street and continue on the southeast-southwest freeway. even though that was the message from d-dot and the secret service, actually i'm get

china real quick before we run out of time. another big week of meetings there. where is this relationship going e u.s. and china? >> i think right now what we see the administration strategy is emphasizing the economic aspects of the relationship. over human rights, political issues and i think they're accentuating the positive because right now with the economy being so uncertain and china such a big economic engine. about foreign exchange currency adjustments and so on and trade issues so they're accentuating the positives in meetings this week. and putting on the back burner some of the more troubling issues. >> and what are the troubling issues? >> the troubling issues are, disputes over just how each side is going to play its currency and its reserves and economic policies and domestic stimuluses. but this relationship will go well. frankly, iran, israel, these are important but chronic and somewhat low-grade policies. the u.s./china relationship is going to be the defining feature of international politics in the next several decades. it has to go well because the consequences of it going badly are horribl

the company expects china to overke the u.s. as mary kay's largest marketithin five yes. 2008, mary kay china saw 50 salegrowth over 2007. and deite the economic downturn, thfirst two months of 2009 saw a % increase over the year befe. mary kay china president, paul mak, says direct selling goeup in a down ecomy, and sales ha remained strong. >> even with t downturn we are growing very fast. 2008 is still a record yea >> rorter: it's a challenge u.s. cosmecs companies are facing in chin maintaining sales growth whefewer chinese are joininthe middle class. rol shen, general manager of tee lauders china affiliate, says theconomic downturn heightens chinas impornce in ese lauder's global strategy. >> i just think it mak china even more important and re strategic, becau i think that around the world this a growth area. >> the comny has eight brands in china, and opened this development centern 2005. >> he the company tests products like mascarand foundation ecifically for the asia market. it's the company's secon largesresearch cente

u.s. relations with china as the u.s.t relationship for all of the obvious political reasons but they are the primary bank to the united states so they've come to see what is going on with their collateral at home. >>> moments ago, the president calls on china to uphold human rights and vowed to work with beijing on stopping the spread of nuclear weapons. we'll have that conversation in just a second's time. >>> sarah palin out. up in alaska. and she goes out shooting all sorts of accusations and what not to the world. specifically to the media and to the hollywood starlets of this world. her parting shots coming up. >>> first, let's get on with the conversation on the subject of immigration. it's 10:00 a.m. let's get back to work. contes contessa, what is the story on immigration? >> a border agent, authorities in mexico identified the man who fatally shot a u.s. border patrol agent. the police say the main suspect is a 36-year-old man. he was detained with three other men and reportedly was carrying a border patrol issu

the company expects china to overtake the u.s. as mary kay's largest market within five years. in 2008, mary kay china saw 50% sales growth over 2007. and despite the economic downturn, the first two months of 2009 saw a 30% increase over the year before. mary kay china's president, paul the year before. mary kay china's president, paul mak, says direct selling goes up sales growth when fewer chinese are joining the middle class. carol shen, general manager of estee lauders china affiliate, says the economic downturn heightens chinas importance in estee lauder's global strategy. >> i just think it makes china even more important and more strategic, because i think that around the world this is a growth area. >> the company has eight brands in china, and opened this development center in 2005. >> here the company tests products like mascara and foundation specifically for the asia market. it's the company's second largest research center in asia, and their research is paying off. in fiscal year 2008, the company's sales in china grew 41% over 2007. estee lauder has counters in 32

u.s. trade dicit with china wn 18%. with china shiftg from export- led growth to growtht home, treasury secreta timothy geithner wts to see the trend continue. china's success in shifting structure of econo will be huge contrution to bringing about more rapid glol recovery >> reporter: but china has fueled the shift wh large increases in bank lendg, a trend th worries some servers, says the u.s. cha business council's john frisbie. >> so thu.s. will have its own questions abt china's exit strate from that to avoid inflation down the road,ust as china is going to be talng about our own it strategy to avoid inflation here down e road. >> reporter: this meeting billed as a dialue and it is high level: byncluding secretary of stateillary clinton,he obama team is gnaling the breadth of issue china and the u. face. but the very se of the meeting and the sizef the two nations underscores the difficul of making quick changes. >> this makes it very portant at this dialogue continues a that the united ates be in a positi to nudge

u.s. and china, but the u.s. and india. if you may recall, last week's minutes -- went out of his way to be offensive to secretary clinton when he was visiting in india and is a cassette india will not limit its gases come all of the problem was because of the united states and it was not up to the united states to tell the what to do on greenhouse gases. this is a bomb like that. secretary kallenbach the efforts -- this is a bump like that. secretary clayton's -- secretary henry clinton is seeking cooperation i think she'll get much more cooperation from china on this very import issue than from india. now, coming to your point on taxes and tariffs and so forth, i don't think the u.s. and china cooperation will be at such a level that congress will be relaxed. if you look at the current version of the waxman bill which is now out of the house and over in the senate's, but senate the speaker pro tempore: the house will be in order. the prayer will be offered by our chaplain, father coughlin. chaplain coughlin: how deep are

united states and china will ape shape the 21st century, which makes it as important as any bilateral relationship in the world. >> the annual meeting brings together hundreds of u.s. and chinese officials who attended four separate gatherings of the bush administration, twice a year meetings on economic an strategic issues. the artificially low value of the china's currency, the yuan makes its manufacture cheaper than ours, and that costs american jobs and deepens the impact of the recession, but u.s. and chinese officials aren't talking about it in their public speeches. >> we are not going to see these rifts open to the public. they will be papered over but they will have major impacts around the world. >> instead, president obama urged china to do more to stimulate its economy. >> as americans save more and chinese are able to spend more, we can put growth on a more sustainable foundation. >> with china starting up a new coal-fired power plant every week, officials focus much if not most of their efforts of making progress towards a global climate change agreement. neither the u.s. nor china agreed to the emission limits in the kyoto accord and it would be mea

transformation into a succsful entrepreneuras inspired thousands of chinese women e company expects china to overta the u.s. as mary kay's largest market whin five year in 2008, mary kay china sa50% les growth over 2007. andespite the economic downturnthe first two months of 2009 saw a 30increase over the year befor mary kay china'sresident, paul k, says direct selling goes in a down econy, and sales haveemained strong. >> even wi the downturn we are growing very ft. 2008 is still a recordear. >> repter: it's a challenge u.s. cosmeti companies are facing in china,aintaining sales growth when wer chinese are joining e middle class. cal shen, general manager of ese lauders china affiliate, says the enomic downturn heightens chinas importae in estelauder's global strategy. >> i just think it makeshina even more important and more strategic, because think that around the world this is growth area. >> theompany has eight brands in china, and opened ts development ceer in 2005. >> herehe company tests products like mascara a foundation spifically forhe asia market. it's the company's second largest search center

u.s. president rack obama said e relationship between the u.s.nd china which shape the 21st century and sa the two shareda mtual interest. the meeting is the fir formal negotiations betwe the u.s. and china since mr. obama took office. we have this report from washington. >> ina and america were standing tother today, ting to speak the same language >> yes, we can. >> not mch of substance was announced, but there were grand them. >> the relationship between the unit states and chinaill shape the 21st centur whi makes it as importt a and ve bilateral relationship in the world- makes it has important as any bateral relationship -- makes it as important aany bilateral relationship the world. the rrent crisis has made it clear that t cuent choice is ma within our borders reverberate across the global economy, a this isrue not just in new yo and seattleut in shanghaand othe areas,s well. that is why we are committed to stro lateraland multilaral coordination >> se are hit hard by the global recession but chi is interested in how theinances ofmerica recover. washington is in debt to beiji to the

u.s.-china association is going to conduct a u.s.-china midwest cooperation forum in the henan province this coming october 10. the topic will be exchanges, cooperation and development. we'll be having a high level summit as well as cultural exchanges. we'll be govering topics like how the midwest can better corporate with china to deal with the financial crisis, how it can corporate in agriculture. how we can have more education. how we can have invasion and regional developments. how we can have more cooperation in future and modern low giss ticks. by doing this, we will help address the financial crisis and we will build a new platform to promote. now the n.g.a. was established in 1908, and it's ab important place where u.s. govers can influence ideas. also an important vote in american society. my colleagues and i have been paying great attention to this year's meeting, and we have great expectations for what you will achieve here. i would like, on behalf of the governor of my province, to extend our sincere invitation to all of

in china, u.s. consumer product safety regulators are planning to set up an office in beijing.he idea is to help ensure chinese products bound for america are safe, alf ter a slew of recalls from pet food to children's toys. the chinese must still give approval. and in north korea, that country's first fast-food restaurant appears to be a hit. some thai songs opened last month t offers waffles, draft beer, french fries an hamburgers. the burgers come under the name "minced beef and bread." they cost $1.70, which is more than half the average north korean's daily income. is the president's hard sell on healthcare really working, and what exactly is he trying to sell? we'll update the situation when the fox all-stars join me after the break. by joining us for memory walk. [ man ] you invite three people. [ woman ] and they'll invite three people. and before you know it, you have a team. more than 5 million americans... may not be able to stop the progression of alzheimer's. but we can. step up. move a nation to end alzheimer's. start a team today. go to alz.org. having to go in t

u.s.-china association is going to conduct a u.s.-china midwest cooperation forum in the henan province this coming october 10. the topic will be exchanges, cooperation and development. we'll be having a high level summit as well as cultural exchanges. we'll be govering topics like how the midwest can better corporate with china to deal with the financial crisis, how it can corporate in agriculture. how we can have more education. how we can have invasion and regional developments. how we can have more cooperation in future and modern low giss ticks. by doing this, we will help address the financial crisis and we will build a new platform to promote. now the n.g.a. was established in 1908, and it's ab important place where u.s. govers can influence ideas. also an important vote in american society. my colleagues and i have been paying great attention to this year's meeting, and we have great expectations for what you will achieve here. i would like, on behalf of the governor of my province, to extend our sincere invitation to all of

u.s. relationip with china. especially economic matters. chinais, after all the biggest lender to the united states economy but while 200 cinese economic officis were in washgton, chinese authoties continue to crackdown on human rights groups back me. in one move, a prominentlegal scholar was taken in custody, and he hasn't been herd from since. and it didn't stop there, ase hear from melissa chanf al jazra english. >> reporterthe center isn organation that helps people fig discrimination in china. its operated for yea. but wedneay on, the thorities showed up, unannounced, to collect evidence and investigate suppos illegal activities the problem? the publition of th oice's newslter. it has apparently not ben cleared by the government. >> translator: i suspect our andiscrimination activities have ofended many people including g erations, common officis and wealthy businessmen. >> reporter: it's e latest blowo the handful of organizatio in cha that push for soci change and justice. here at the center, they fight discriminion against womn, gay

china in the future. the relationship between the u.s. and china politically in asia is going to be key to securing that region. so pretty much all of the above. >> last thing here, are we going to see any major shift in whether that's policy or in just outright friendliness of a relationship between china with this administration, the obama administration, versus the bush administration? >> yeah. i think you're going to see, i wouldn't say necessarily friendlier, because i don't think the relationship with the bush administration was contentious but i think you're just going to see a lot more frank talk and china is ready now to take a greater role in international dialogue and the u.s. is recognizing that. it's a good thing. >> we appreciate you taking the time with us today. good talking to you. >> thank you. >>> to just one day be arrested and here you go, you're detained. you know -- >> this is a pretty big mixup to tell you about here. military mixup. a man who was never in the army thrown in jail, accused of being a fugitive for ten

u.s. and china on this whole currency issue. especially it's difficult especially at a time when still both sides are gauging the strength of the global economic recovery. you know, how good is the u.s.? how strong is it? does the u.s. need to continue? we're in saens putting up with a weaker dollar because, hey, it's pretty good for the u.s. exporters and that's going to be one of the things that's going to help the u.s. economy. so, you know, it's a very difficult -- a lot of trading going on here. and i think the stuff that comes out from these meetings obviously it may not necessarily imply or tell us the full story of what's going on behind. >> you see, you have special insight. there you go. thanks for that, nick. nick hastings southbound senior correspondent dow jones news wife. coming up next on "worldwide exchange," we will continue to bring you stock stories and making headlines across the globe. >>> and top line growth cap germani to take a hit. we'll speak to the cfo in ten minutes. we know why we're here. to stand be

china. and i think u.s. investors should be thinking about trying to put themselves -- or put their portfolios in front of that. >> well, the chinese customer is going to be at some point as important as the u.s. customer is to the rest of the world. that is a very important point, that the chinese economy is transitioning from an export-led economy to a consumer-led economy.y. so you're saying it's a third. so it's a third of gdp in china versus 3/4 of the gdp here in the united states. when will it be had? i'm just wondering how long this transition takes. >> i don't know how long it will take, but i know it's going to be a durable theme, and that's because mainly we've experienced all the growth that's come from leverage, that's come from the extension of credit. that hasn't really existed in the emerging world.d. and that's something you can look forward to i think for decad decades. and if you're talking about stocks for the long run-f you're thinking about long-term themes, that seems to be -- i don't

u.s. and china would shape the 21st century. north korea says it's open to new dialogue over the nuclear weapons program. the statement appears to be a hunt at direct talks with the u.s. which washington has resisted. two-way talks. after last week's somewhat nasty exchange. hillary clinton said north korea is acting like a small child, demanding attention. north korea responded by calling clinton a funny lady with no etiquet etiquette. yesterday hillary clinton still insisted multilateral talks are the best way to engage pyongyang. >>> iran, which israel considers the biggest threat to its security dominated the talks. he said his country is taking no option off the table when it comes to iran's nuclear program, suggesting a military strike is not out of the question. last week u.s. and israel conducted a missile test. israel and iran have made repeated threats against each other. the u.s. has ak onlied israeli concerns but wants to give diplomacy more time. >> i think we are in full agreement on the negative consequences of ira

and china. u.s.ith chinese counterparts to discuss trade and budget deficits. that is important, so why such a lame name? çbill, that is pretty fascinating. -- bill: that is pretty fascinating. take a look at the big board. treading water right now. investors are waiting for more earnings reports, and that will give us a better gauge of the economy. are we really in a turnaround? we have been up and down, but in the past month, we have been on a tear. çmegyn: at the white house, the keg is cooling. he invited professor gates and officer crowley to the white house for a beer to put the incident behind them. the president did not help last week with his comments when he said that when police reported to be home after reports of a break-in and arrested a professor, calling their actions stupid. but is this enough to solve the issue? with me now is bill kristol. former white house press secretary dana perino said, it is fine to come down and say what you want to, but do not prolonged the thing. that is