. ♪ shanghai films so surging on their trading debut, chinag the popularity of as the movie industryrates cinemas in china. , a performance to date market very of more than $820 million. it comes against the back drop of the country rewriting the box office bluster, poised to become the number one movie market. how are they evolving. to becomes projected the world's biggest movie market next year. they are tracking ticket sales on projecting what will happen in the future. that white line steadily increasing, and they are predicting ticket sales will 10.4 billion dollars next year, ahead of the $2 billion forecast for the u.s. rishaad: you have a per capita number vastly exceeding that of china, sorry. >> it's an example of the growing middle class in china and their spending power. movies are one of the fastest growing sectors as the country moves away from manufacturing and industry to a service-led engine. this is a perfect example of it. rishaad: hollywood was the biggest film industry and the world, churning out hundreds of movies. about the movies popular in china and what's dr

are facing a squeeze. , chinag news manufacturing pmi crossing the terminal, better than the officialon, aing contrast with the official at 49.9.hich came in let's have a look at what fitch says about the rapid pace of growth in china's debt and how that poses asset quality risks for the banks. we keep on hearing about china's debt problems. how bad are things? >> it is difficult for anyone to predict what will happen because of the lack of transparency. the fact that credit continues , corporate leverage likewise, and as a result the potential for faster, greater the duration in asset quality than what we have seen already is a realistic possibility. thisad: the thing is that is the price of a managed slowdown. >> it is. as the economy continues to slow down, the challenges and headwinds will only increase, so it will become more difficult. it is a never double that we will see a greater rise in asset quality problems than what we have seen. there are certainly 20 of precedents and that regard with regards to slowdowns in the economy and the spikes that inevitably result. rishaad: wh

chinag dramatic move by would be to do land reclamation and build an airfield.u will see it first on amti, our website. that would be a very big move before g20 for china, very self-defeating. it could be before the presidential elections. you may not see that. we're moving and largely different directions. the administration, philippines, and others are remaining calm in the hope they can get some traction going to take what xi jingping will talk about is the idea that rising powers seem to always fight the status quo powers, and to avoid that, you need to agree to make some concessions to china. the president will not accept that. we will come out of this with essentially no resolution, in my view. it depends on how much risk xi wants to take and how firm we are about operations and continuing work with the philippines. i think despite what he says, his government is pretty much on the same track. i am from nhk. i have a question on tpp. i think a lot of asian countries are wondering whether u.s., president obama, can pass tpp and the congress, and i think a l