chinese programming. >> our expert at hilton menu is expand its -- expanded to include chinese itemsbreakfast is 80 meal for our guests. >> there's a great deal of affinity and trust in china and around the world, and we have a tremendous responsibility to deliver on our promise and provide hospitality for the millions of travelers who stay with us each year. we have a number of hotels currently enrolled in health and huanying -- in hilton huanying and expect the number to grow. you can find more information about the program on hilton.com. >> as the video mentioned, china is part of a much graders -- greater story for our company than just the launch of this program. today, we had 18 hilton world wide open in china, and that will rise over the next five years, and more than half of the hotels will be branded as hilton here last month, health and honored our global customer loyalty program, announced the it -- that it would be the official hotel sponsor of the chinese olympic committee and all its competing teams. just today, we received the results of the annual survey in china of b

[speaking chinese] >> hello, i live on jackson street across from the chinese hospital. the area we are talking about is quite small and crowded. [speaking chinese] >> with such a small place, you need to install nine antennas, powerful ones, for that matter, and i believe that emission of the radiation will greatly affect our health, so i am here to oppose the installation. thank you. president olague: mimmi wong. >> good afternoon. my name is wong chi. [speaking chinese] >> i'm learning english in san francisco. [speaking chinese] >> myself and my class mates are strongly opposing to the at&t installation of the antenna. >> i believe it will hurt the appearance of the building for chinatown generally and the fact that we are already well powered as far as our wireless is concerned. [speaking chinese] >> we can turn about nine of the antennas that being installed would greatly enhance the radiation. we hope that at&t will abolish their plan. >> thank you. >> and take back their plans. thank you. >> i will just keep calling names. if you heard your name, start coming up

so i think chinese data tells you more about chinese tax policy and chinese rule of law than actual -- >> do you think there are more investments here that are hidden. >> no. no it's going through tax havens. >> you think there's more chinese insvelte here than we realize? >> you have to look at different data sets. the commerce department reports foreign investment in two ways. we look at who owns the factory, and there's a lot of foreign investment again from, like, the cayman islands and netherlands and antilles, and they go through the corporate ownership chain and see who owns the factory, and if you use that data set, you'll see that chinese investment is bigger. >> i said that and you said no. >> sorry. sorry. >> you would agree there's less chinese investment in the united states than american investment in china. you agree with that? >> the u.s. has been investing in china for 30 years -- >> i think we're all actually agreeing on the same thing. if you -- if our two chinese friends could make any one change in the american environment for chinese in. some the united states, w

of life in chinese construction. that is another issue chinese leadership has to grapple with more directly than it has to date. the last point is the rise of the internet. i think this is pretty exciting but internally china is one of the most exciting areas of change within the country and the hotbed of economic activity. how about -- i was reading a piece recently that was describing what was going on. it has eight hundred million products for say will and 48,000 products permanent, three seventy million registered users. really extraordinary what has happened in just a few years in terms of ecommerce. at the same time the internet is transforming into a political system and bringing to the chinese people everything that it can't get from the real political system which is to say transparency, official accountability and the rule of law. i know i have gone over my time. i will simply conclude -- >> it has been well worth it. >> i will simply conclude by saying i highlight these trends because they have contributed

both with chinese leadership and with the chinese media. and his message was very clear and very unambiguous. we welcome chinese investment in the united states. stop, done. that's our message to china. we like china, like every other major economy, you know, have measures to ensure that we're protecting our national security. in the united states we have something that's called a committee on foreign investment in the united states. and, you know, we hear complaints from the chinese and others about how we run this process to protect our national security. but i think, you know, if you look at it, and i always encourage my chinese friends, you know, to roll up your sleeves and just jump in, it's not meant to block investment unless there's a very narrow national security concern. and lots of chinese companies, lots of chinese state-owned companies have gone through the process with no problems and the thing cfius if you call in and set up a new factory we call that greenfield investment. cfius has no role over this. so i think our policy a

[speaking chinese] >> i am opposed to at&t's action installing antennas near the chinese hospital as well as in the surrounding washington street. [speaking chinese] >> the reason being that most of the patients in the chinese hospital are elderly as well as in the resident apartments. [speaking chinese] >> so you probably know that asian people are mostly susceptible to sickness and now that you have request that the installation that is right at the window and 24 hours, seven days a week. [speaking chinese] >> at&t should not come by around midnight, 11:00, to install the antenna. [speaking chinese] >> well at the time an elderly woman came by and alert us and my wife look out of window and saw people installing antennas and there was blue light emitted from their devices. and my eyes were hurt and ever since she is having problems. she is having dizzy spells and all. [speaking chinese] >> she has to continuously seek help from the medical field. [speaking chinese] i am asked by the elderly residents in my apartment complex to come here to tell you with the installation of the ante

today about 300 million chinese have their own logs. and 200 million users use weibo, the chinese verse of twitter. some people call 2010 the first year of weibo. the chinese began using social network sites to state their opinions throughout their d dissatisfaction. it became for difficult for the chinese government to sensor the internet. at the same time, conventional media have feared that the public may retake them if they simply pass on the information from the government. they realize that they cannot survive unless they reflect people's opinions. i think this fear and the desire to improve the journalistic standards are the main reasons behind unusually frank reports and the criticism of the government. >> censoring 300 million users is going to be difficult. >> right. >> thank you very much. >>> and welcome back to your weather update. we're taking a look at conditions across east china. the biggest concern has been the stormy weather across japan. it was a stormy weekend. deadly storm system, talas moving through. it's now hea

chinese.for every chinese student we have to spend a lot more time to study our history than anyone else's. we have that baggage. >> charlie: or that wisdom. >> you can say that, i was trick to be modest. when we look at american system there are so manydvantages to your system and when we look at your economic strengths we look at your creativity and millionaires in your cture and that's great. it's a results of your system in a way but today when all of a sudden we see such -- >> charlie: inability to come to a common policy everybody knows will be beneficial tthe people and economy. >> when you see and pple sta thinking well maybe that's the problem. some how you're system has come to some sort of a dead end at least for now that you need to rethink about a system because otherwise things should not be done that ay. things should t be handled that way. people start to think mor about it rather than before basically thinking that the unitestates is probably the model for the western world an

, they are not chinese., but there are two different minds within china about how much they want to except from the outside world. it has always been the case, and how much they want to retain what is unique about the country. the same will hold true in terms of how they interact with people coming into the country and how open they want to be in a globalized world. taking advantage of the best of the world has to offer, the way the united states does. >> china is about 92% hawn and japan is about 90% japanese. our 700,000 americans working for japanese companies in the united states. and around a world by japanese nationals. i do not think the mere fact of how much and 80 in china necessarily determined how internationally minded the chinese nation can be. there have for thousands of years been for an ethnicities and cultures represented within greater china. some would argue 50% of china's territory is not even classically chinese but a more international baseline than many of us think. but i do think the

guests, like in-room slippers and tea kettles, chinese television and food amenable to the chinese palatee are in the hospitality business and we need to make sure customers receive, they feel like a home. in order to do that, then especially with different cultures, like chinese cultures, we need to learn about that culture. >> reporter: hotels, restaurants, shops, airlines and others are getting involved across latin america. the public and private sectors are actively working to woo the 60 million chinese travelers expected to travel abroad this year. aero mexico airlines began running two weekly flights between mexico city and shanghai last year. brazil has been sending delegations to china to entice chinese travelers to attend the upcoming world cup and olympic games in brazil. and tango shows and steakhouses now offer menus in mandarin. they say they love to see glaciers, whales and penguins in patagonia but finding the right balance is a constant challenge. >> translator: chinese tourists are not accustomed to say thank you which is something very common for latino so it's taken ti

>> well, it's not just the chinese.f i talk from wpp's perspective, we're putting a lot of hope and a lot of investment, a lot of faith in the ability of the bricks in the next 11, to continue to grow, to make up for the lack of growth that we see in the western economies in the united states and western europe. i mean, i'm a great believer in long-term economic swings. this is just a replay of what we saw in the 19th century. this is back-to-the-future stuff. this is where we were in the early 19th century. >> and when will we be at that level? >> well, talk about 2030, 2040, 2050, in that range. >> from your perspective, and you would be or wpp would be very much a leading indicator of the global economic condition, do you expect or are you now seeing signs of recession in the european, in the u.s. markets? >> nothing yet. i mean, the amazing thing is we've seen our august numbers now. and they're just as strong as the first seven months of the year. so for the first two-thirds of the year, no sign of any wobble. of c

-- chinese officials. as the prime minister's congratulations to him, and we hope there will be a better bilateral relations between japan and china. it is so important. you know, not only for these two countries, but even for the countries of east asia. >> reporter: the two countries remain at odds with japan insisting that the senkaku islands are its own territory and no territorial issues exist between japan and china. china maintains that the islands end its sovereignty. but a adsh-cng the country will want to create a favorable diplomatic environment before the new leadership is installed. china is waiting to see if the launch of the noda cabinet will provide it with an opportunity to build stable relations with japan. >> that was nhk world's yoshitaka hirauchi in beijing. >>> north korean leader kim yong il marked the 63rd anniversary of the country's founding by watching a military parade with his son and heir apparent. kim jong-un. it was held on friday at a square it was pyongyang. it was covered

do the chinese object to that? >> it's not very clear what the chinese role is going to be. its immense rise of power has manifested itself fully in a global condition. it has started to show its interest in having its way and inn its own region but that is what a really great power does. >> rose: sea lanes and things like that. >> but the real problem is, is china going to use this great power to try and develop new world order based on international law and multilateral cooperation or are they going to see an assertive claim to its own rights and interests. i think the jury on that is still out and it remains to be seen. and until that happens, other countries have to watch for both the hopeful and the worrying aspectsf chinese behavior. >> rose: what is the biggest obstle to a better relationship. >> well, frankly, it was an old relationship darkened by misunderstandings and lack of contents. that is what has really brought about the support of the possibili of the kind of cooperation we're talking about. first of all that india having grown 88 to 89% is now recognized to

and if exporting growth is weak, chinese economy will be seriously affected. >> the chinese government has helped the economy grow by keeping the currency weak to boost exports. at the same time, china has increased the strength of its economic growth. by china's exports to europe and the united states are starting to slow down. so its imports of raw materials will probably also decrease. >> china overcame the global financial crisis three years ago more quickly than other countries and became a driving force behind the global economy. can we expect china to do the same again? >> and that will be very difficult for china. the depreciation of the u.s. dollar means china's foreign exchange reserves have lost some of their value. and on top of that, china has serious economic problems at home. realistic prices in the cost of living are soaring because of stimulus measures taken by the government. the cost of living is a particularly big problem. the government is worried it might lead to social instability. >> so how's the chinese government responding? >> china has raised its key interes

that was why we have gained heart of chinese consumers." striving to become a fashion powerhouse, china is showing its immense appetite for global fashion designs, including the field of fashion illustration. and at the 2012 haining leather expo chinese organizers courted one of korea's leading fashion illustrators, lee mi-jung to allow the public enjoy her inspiring work. korean "when the chinese committee invited me to the fair.. i knew that i could use such opportunity to introduce korea's fashion illustration to china's market." chinese "professor lee's fashion illustation has a great influence in a global fashion arena. we staged her work at the previous exhibition with a great success." lee specializes in oriental painting, using terse yet bold brushstrokes and shading techniques to portray scenes reminiscent of europe's medieval gothic art inspiring and guiding many chinese students to use various dynamic forms of media to convey fashion. standup "depicting elegant body postures lee showcased 60 of her most eye-catching illustrations

in 2010, about a quarter million of chinese and other words 750,000 chinese came to the united states. that same year, 1.1 million koreans came to this country. but if you put it in perspective, china's population is 27 times the population. >> but it takes 120 days to get a visa in china and in korea -- >> it's a visa waiver program. they don't need a visa to come to the program. >> they just need a personal interview. it's a huge issue. >> it's a huge pit its gigantic and we are missing out. by we i mean the u.s. because i am a u.s. citizen. we are missing out big. ambassador locke, the former department, published this daily every year. it produces to lists. the countries that produce the most visitors to the united states and the country's whose visitors spent the most money in the united states when they visit. you can't try find china. by the way, korea is number eight. on the other list from spending, china is number seven and you cannot find korea. [laughter] >> [inaudible] >> what did i say? [laughter] >> the chinese visitor is the biggest center. they spend about six to $500

in 2010, we got about three-quarters of a million of chinese and other words 750,000 chinese who came to the united states to visit. 1,000,003 income to this country, but if you put in perspective, chinese population is 27 times as korea's population. >> the difference with the visa is it takes 120 days to get a visa in china and in korea -- >> korea is a weisel waiver program. you don't need a visa to come to the united states. >> and you don't need a personal interview? this is a huge issue. >> it's huge. it's gigantic. and we are missing out. by we i mean the u.s. because i am a u.s. citizen. [laughter] we are missing out big. ambassador locke's former department publishes this data every year. it's the visa's to lists. imagine two lists. the countries that per most believe could produce the most visitors to the united states, and the countries that whose visitors spent the most money in the united states when they visit. on the number of visitors you can't find china. by the way, korea is number eight. on the other list, china is number seven and you cannot find korea. [laughter]

it is the attractiveness of the chinese system. clearly when you talk about the kind of strategic competition that is put on the table here, i think the most interesting dimension of that is not so much the competition but the comparison of two systems that are at work right now globally. what's of interest of course is that we on the outside work closely and see and interact with chinese friends on the record basis. we see the clear dichotomy in chinese performance and activism. a tremendously asserted engage china on the global scene. and you see it in every possible encounter with your chinese friends. but that's also matched with something that is not as widely regarded inside china paper illness, and uncertainty, and anxiety about developing issues, questions about debate and dialogue. and so the nature of this external assertiveness and uncertainty domestically creates interesting juxtapositions. but on the global scene there clearly is an attractiveness, a certain model of development, and friends in latin america in particu

about 24% of the country's 29 million people are ethnic chinese. >> chinese communities are in thailand have kicked off their annual vegetarian festival. the ten-day event that began on monday is aimed at cleansing the spirit by avoiding all meat and dairy products. in turang devotees wearing traditional white garments erected a pole called tengo to mark the arrival of a god at a shrine. during the celebration, chinese temples across thailand are filled with colorful offerings, including giant incense sticks and candles. >> let's take a look at your weather conditions, starting off with asia. a couple of storms to talk about. let's start off with this one, this is haitang, a tropical storm moving slowly towards the center of vietnam. it looks like it is steadily heading towards central luzon in the philippines. and it makes landfall, maybe tuesday morning. all through tuesday, it will be moving through luzon and up towards the south china sea and heading towards hainan island. it looks like it's going to be bringing ample amounts of rain, as well as strong winds, gusts up to about 180 k

chinese "more and more people drink wine in china. the sour taste in the wine compliments the overly sweet mooncakes. this is how we blend the two different cultures." stand-up "in this increasingly modernized country, people still treasure their traditions. made with laughter and without preservatives, these mooncakes taste like happiness. wang yizhi, cctv, beijing." korean military forces... who are serving their country thousands of kilometers away from their homes, also marked chuseok. the special forces unit members deployed around the world are having their own chuseok holiday. park ji-won tells us more. this is haiti... where a korean peacekeeping unit named "danbi" has been dispatched for earthquake relief and recovery activities. danbi unit members celebrate chuseok at a local orphanage, sharing korean traditional sweets with the children. and over in afghanistan, korea's military base "ashena unit" members are having a traditional memorial service for ancestors, while thinking of their families and faraway hometowns in korea

if you remember a couple of months ago, the chinese government provided some funds to spain. in return, the chinese government asked the spanish government to support their removal of arms sales ban in china. i am pretty sure that if china provides any kind of funds to italy and spain, and they will ask the same kind of condition. >> apart from lending to these debt-riddle economies, but china's want to invest. do you think that the americans and europeans will allow the chinese to invest their cash, which totals $3 trillion in foreign exchange currency reserves in their companies? >> i think there's no restriction for the chinese government to invest in any kind of assets. i think probably the chinese government will probably choose this moment to make some investment, but the point here is this -- this is a crisis. europe faces a serious crisis. and the chinese government will seize this opportunity to take advantage of this opportunity. of course, i think they will provide some funds, but in return, they will have their political objectives in mind and they will ask for so

firms and chinese workers. why? "20/20" anchor chris cuomo is the captain of our bringing america back team and he decided to track down those people who made these decisions. >> reporter: rebuilding america's crumbling infrastructure is now a priority. >> help us rebuild this bridge. help us rebuild america. help us put construction workers back to work. >> reporter: in new york, a $400 million renovation of the alexander hamilton bridge. in california, a whopper, a $7.2 billion new bridge to connect san francisco and oakland. and in alaska, a proposed $190 million bridge project. sounds like a great opportunity for government spending to actually lead to real jobs. the problem? much of the work is going to chinese government-owned contracting firms. >> when we're subsidizing jobs in china, we're not creating any wealth in the united states. >> reporter: in alaska, outraged union workers took to the airwaves with an obvious point. >> this is not the time to send more jobs to china. our tax dollars will provide

cooperating with our friends in china and working together so you know it's an exciting moment the chinese are serious and we can only hope that the lessons of working with the russians and how successful back has been around national space program and we do in the right in the right way cooperating with china. how about some of those political barriers that you. were you know when i left those of us who work in space we're blessed because politicians love to make us suffer for every a little for a growing. you know if you're a limpid athlete and you inspire a politician love to boycott so you know a lot of politicians so you shouldn't work with china because their program is tied to the military american serious issue but on the other hand we learn we work we learn from working with the russian boy a lot great the more you can get transparent so there are several solutions in the u.s. congress and elsewhere folks in you know in the united states who just don't wish to corroborate with china that this time but the news is they're moving ahead without us and some of our allies like germany

and half japanese but raised in the chinese culture. was time to write the second book and i knew i wanted to explore my japanese side it was going to be difficult in the way that i didn't know the culture. right away i had to learn a lot. it was something that was not engrained in me besides the story. i sat down and thought about the story my mother told me about her brother being ill. he at one point went from hong kong to japan to recuperate. he was the one that wanted to be an artist and wanted to paint. i thought about that because it must have been hard growing up in hong kong to be far away from everything and have a dream and get sick at this point. i thought u is there a story here? that's the way it begins for writers. people think things jump out and we have it in our head. it's the opposite we have nothing in our head. we turn on the machine and praying for something to come. with women of the silk i researched for 6 amongs and read and read and read. in one book i found 2 lines about the woman silk workers and knew immedia

>> i think the chinese will... are maybe licking their lips but i think the real solution to this is still in europe and i want to... i hate to do this, but i think that angela merkel hadone a terrible job. i think she's done a terrible job of leadership, of explaining to the germans that the professor leg gasy of the greeks was the mirror image to the gain that germany got from this euro stem. no one in germany has leveled with the german people and has said actually that euro may not have turned out as we wanted but we have gained enormously and we have huge amounts to lose if it breaks up. and that's the kind of leadership we haven't seen from anyone in europe and it's up to the germans to provide that because in the end germany is the pay master of europe. germany can really decide what the european central bank ultitely can do and unless germany recognizes that all of its confince-building stuff needs to be done to keept together and it's not just about hair shirt, that's an important part. but it's not a mora

and because i had grownup in the chinese culture i wanted to write about china. i wanted to find out more about myself because of i was raised in the bay area and because i didn't know culturally a lot of things i wanted to know. i knew i wasn't going to write about myself and knew that i was not going to write about my family. but i wanted to write about an aspect about china and women. those were the 2 things i knew when i began the first book. i was fortunate enough to it stumble upon the silk working women which gave me everything i wanted. it gave me the culture. it gave me a sense of what it meant to be a female chinese women in that time and a sense of empowerment on what they had done. regardless of what they understood they were doing at the time. they didn't know it was a culture that was earning money and living independent of husbands and family that was doing everything against what it meant to be in the chinese culture. i hadn't heard about that and it was perfect. it was exactly what i was looking for. i can go off and preach about the fact they th

i think this is not a signal that the chinese government is about to change course in any meaningful way. but it is a reminder that this is something that they do worry about, they're concerned about. what they do about it, of course, is entirely different question. >> he has a reputation as a reformer. does he have any support within the top leadership to expect some of these changes that he is talking about? >> wen is very much not only known for his interest in reform, of all the high political leaders in china, he emphasized the need for political reform most ardently. but there are people in the government who do support him. but the government right now is extremely cautious. and i don't think in the waning hours of their years in power we'll see any major new initiatives set. but we will see legacy building , each leader will want to be remembered for something, and that is what he's concerned with now. >> perhaps we have to wait for the new generation. but for now, thank you. sharon will continue to bring up updates from the world economic forum. lots being discussed here. >>

the chinese community health plan participate, along with chinese hospital.ser permanente is a medical home. finally, we have barbara community health care as a medical home. supervisor chu: with respect, we have heard from a few constituents that the space or medical homes with slots available are close to capacity and not there already. what happens in that situation? >> last fiscal year, 6% to 8% of all of our medical homes were open. we asked them each to provide upward capacity. for the 2011-2012 fiscal year, the capacity of 14,700 individuals, they are at capacity. they determine their capacity not just on health the san francisco participants, but all of the other patients that they had. those that were on medicare, metical, other state-funded programs, such as healthy families. we certainly work with each of our medical homes. imbedded in this contract you will see increased capacity to determine whether or not they can increase capacity and, if they can, we are able to do that. certainly, we do monitor that. we also do have other medical homes that s

it is true that the chinese have a very large holding to some extent if the chinese wanted to retain. parity with the dollar which was part of their strategy they would end up holding dollar debt because if they didn't hold dollar debt then essentially the dollar would depreciate. and the renminbi would have appreciated so to some extent the chinese holding dollar debt is the other side of a korean of running surpluses but not actually appreciating against the current see that you're running a surplus which now you know that that period gave the world a lot of stability a lot of growth the chinese benefited i guess whether they made the right choice or not depends on whether we now adjust in a soft landing mefford rather than in a highly disruptive method and it's in everybody's interests including the chinese of course the adjustment should be a soft landing do you think that dollars and i survive as. a currency as a major currency absolutely i mean look the united states is going to remain. the dominant country globally it won't be as overwhelmingly dominant as it used to be but it'

the first is innovation in the chinese economy. the political significance of the phrase one china is obvious that if you look at china economically there are many chinas. cities and regions making their own way and relationships and using some freedom to develop distinctive parts forward. one thing to tease out is how broad is that within the chinese system? secondly the issue of partnerships. last week a very senior chinese energy leader said that the lesson of the unitcow was a lesson for the chinese leadership or the partnership that was the way forward. i hope we can explore the business partnership and what extent it is a 2 way street. the third issue speak to my interest as a politician and diplomat which is international cooperation. my belief is the chinese leaders are concerned about the weakness of international systems of the moment. there's an article in reuters about the power vacuum of the international stage and that is of concern to chinese leaders. in the traditional role of foreign policy there is great caution a

however, observers say that a chinese space station could add to international concern over its possible military applications. >>> in 1970, china became the world's fifth space power when it put its first satellite into orbit. its experience with weather and communications satellites helped china to commercially launch satellites for overseas clients. in the 1990s, the country announced a three-stage manned space project. the first stage was the development of a manned spacecraft. the second, now in progress, involves the launch of a space lab and the acquisition of docking and other technologies needed for short stays in space. the final stage will be the construction of a full-fledged space station for extended stays in space. >>> china has expressed the hope that other countries will cooperate with its space program, dismissing speculation that its space lab would be used for military purposes. the chinese foreign ministry held a news conference on thursday. >> translator: china's space development is already an important element in international efforts towards space exploration. ou

then then it now looks like they have settled that case what the chinese revolution look like. i left my crystal ball at home. but i think what you would have is is more than a billion people all trying to live their lives in their own way and i think you'd have a lot of confusion you look at. chinese history and certainly before one thousand nine hundred forty nine you had a very long period of chaos and disorder before an order was formed it might take china a while but that's it's so speculative so i know that you're an advert democrat you voted for obama house it disappointed you in some ways yes in some ways and. i have to say when i voted for him i didn't think oh this is the one everything is going to be perfect i thought that he would be able to manage our foreign policy. affectively not perfectly no one and i think he has. i think we're in fairly good shape and he's been able to do some of the things that the bush administration tried to do but without all the trouble and aggravation and some noise which is good domestically i think he made some mistakes at the beginni

chinese] [speaking mandarin chinese] [speaking mandarin chinese] [speaking mandarin chinese] >> as themain sluggish and unemployment has been high. the united states has three major tasks, namely to control public debt, to bring down budget deficits and to increase jobs by growing the economy. some european countries face of the sevier sovereign debt crisis. what is most important now is to prevent the further spread of the sovereign debt crisis in europe. the fluctuations in the value of the u.s. dollar has resulted in instability of the prices on the international markets. new emerging economies are under inflationary pressure under these circumstances the chinese economy is closely linked with the global economy. countries must first put their own house in order and at the same time work together to advance the reform in the international economic and financial systems, maintain the stability of the development of the global economy and work hard to enhance strong balanced and sustainable growth of the international economy. >> [speaking mandarin chinese] [speaking mandarin chinese]

how about chinese at home with wanchai ferry?ou can make it in just 14 minutes. mmmh, orange chicken. great. i didn't feel like going out anyway. [ male announcer ] wanchai ferry. restaurant quality chinese in your grocer's freezer. >> alan: dozens of people were evacuate from their homes in pittsburg because of a gas leak. police went door to door to ask residents to leave. pg&e says the gas release was part of a planned maintenance plan, and residents and emergency services were notified yesterday. the police and firefighters were caught by surprise and were expecting the release earlier in the day. >> san francisco police want to look at surveillance tape recorded at a bar where an iphone prototype disappeared. the owner of cava22 said he offered to share the video with investigators. the phone was left at the bar by an apple employee in late july. apple investigators tracked the phone to a nearby's but a man said he had no knowledge of the device. an apple investigators who were allowed inside to search for it could not find

right because the chinese banking sector is part in part it's part and connected with the chinese government so better no it isn't the u.s. is baking right at the moment of the exactly the more you you combine the two the more you hide mal investment and you hide under performing or non-performing assets so the chinese bank sector is having a lot of bad loans who knows how much this is a point i made before in the late in hundreds in the united states you had a huge industrial boom if you had that in in in china if you had that kind of boom which you had right i'm sorry in the u.s. if you had that boom with a huge expansion of credit i think had in china right. and an export led growth like you had in china on that level you have railroad tracks crisscrossing every single inch of real estate in the united states so we don't know exactly how much malinvestment china has hidden on its books. we don't know how much malinvestment is on us and european bank stocks i mean we just saw french banks downgraded because of their exposure to greek debt we don't know if greece is going to default we thou

-chinese cooperation. i think it is not possible that this will happen. >> for the chinese, how significant is this launched today? they are daunting russian technology. >> well, i think that china borrowed a bit of technology from the russians early on but most of what we have seen is due to their own efforts to. this is a very big step for china. this is the first at on their way to experimenting with the kind of technologies they were using to construct their space station which is scheduled to be completed in 2020. interestingly enough, that is about the time that the international space station will probably be decommissioned. china will be left with the only space station up there. >> do you think that the chinese are too ambitious and getting ahead of themselves? >> no, i think that they have been proceeding quite slowly. this plan was originally conceived in the back -- back in the mid 1980's. they have been making small steps forward ever sense. >> that is a senior analyst, the china project manag

chinese history and certainly before one thousand nine hundred forty nine you had a very long period of chaos and disorder before an order was formed it might take china a while but that's speculative so i know that here and i've heard democrats who voted for obama house it disappointed you in some ways yes in some ways and. i have to say when i voted for him i didn't think oh this is the one everything is going to be perfect i thought that he would be able to manage our front on policy. effectively not perfectly no one and i think he has. i think we're in fairly good shape and he's been able to do some of the things that the bush administration tried to do but without all the the trouble and aggravation and some ways which is good the mess stickley i think he made some mistakes at the beginning he he thought that the country had elected him to transform the country i think he was actually look to be more like bill clinton and try to keep everything nice and so he's gotten out because he tried to do too much and do some things people didn't expect or want he's now on the defensive an