chinese immigrants, chinese culture was all over the press. you could see chinese images and in magazines, in books, in songs. i want to talk today about how -- what americans saw of chinese immigrants. ,eep in mind that at this time in the late 1800's, very few of the americans, white americans or anglo americansver came into contact with chinese immigrants. the vast majority, 95-98%, lived in california. if you are east of the rockies, with the exception of very small chinatowns in new york and washington, most americans never encounter chinese people or chinese immigrants. so it makes the image they received in popular culture that much more significant, because they had no other information to balance it against. a chief appeared in a single -- this was the forerunner of many to follow. i say, boys, who imported him here? we do not want that breed in these states. of course we do not, get rid of those poison cusses. don't you know you chinamen are invading the paradise never for -- you have got to bounce. no bouncy, the son of confucius de

the chinese would say that some -- that is aies concern from the chinese side.nese side also be pushing for terrorists to be removed on steel exports. that seems unlikely from that seems unlikely from the u.s. perspective. china also was to have market tied tostatus, that joining the wto. the chinese saying that 15 years on they should be labeled an economy market status. that would make it more difficult for the united states and european union and pose sanctions on them for dumping. rishaad: john taking to the lectern now. john kerry taking to the lectern now. we are having a look at reaction from shanghai to hong kong as they open up. juliette: a little bit of hivergence between the a and share markets. really following on from that negative lead we were expecting with that payroll number out of the u.s. if you have a look at some of , itlosers in the hang seng is the casinos. that is playing out there. on the a share market, pretty flat at the moment on the shanghai composite in early trade. those industrial players showing some strength there. elsewhere, ja

there is large chinese military vessel in nearby waters.he article says china forcibly took the reef from vietnam in 1988. >>> leaders in the philippines are upset with china over a separate dispute. they've gone to an international arbitration court seeking a ruling that china's claims over most of the south china sea are invalid. but officials in beijing are urging them to negotiate instead. the chinese foreign ministry says that on multiple occasions it has proposed a regular consultation mechanism for m maritime issues but that the philippines has failed to respond. the ministry urges the philippines to stop what it calls wrongful conduct, referring to the arbitration. the court is expected to rule in the coming weeks, observers say china is trying to blame the philippines for the dispute. >>> japan coast guard officials are reporting another chinese incursion into japanese waters in the east china sea. they say three patrol ships came close to the sen senkaku islands. the coast guard sent them a warning and they eventually left japan's

the chinese made some promises. anja: that's right. live in silicon valley -- the real concern for our companies, are tech companies, has been the chinese cyber-stealing of our industrial secrets. it is real. it is unprecedented. they may be state-owned. it is a little unclear who's doing it. it might be folks employed by the chinese government by day, and they are moonlighting by night, and nobody quite knows. but it's a real problem. charlie: have a stopped, since they promised they would limit that -- have they stopped, since they promised they would limit that? anja: what i hear is that it is better, not perfect. but the fact there is a dialogue, and they are taking the dialogue seriously, is an important development. charlie: these are issues that need to be engaged, and need to be the forerunner of even the more intractable problems. anja: that's exactly right. the more reengage, the more we practice cooperating, the better. let me give you an example with india. you don't hear much about india, partly because we have a positive

that's also a chinese consumption play.ds, all about gross margins. >> we're talking about the retailers where there's the treasure hunt aspect. tjx. valuation has gotten attractive here, dsw. >> we usually rally out of fed meetings, xlf, u.s. banks. i think they're a sell. but get a bounce. >>> thanks so much for watching. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now about. >> hey, i'm kramer, welcome to mad money many welcome to cramerica. it's my job to teach and coach you, not just entertain. call me or tweet me at jim cram cramer. we're in a bad moment, nobody denies that. we have all sorts of

if i'm the chinese military i'm confused about that. we should be clear and consistent and keep it going. at the same time and what i-- . >> rose: i assume they have gotten that message. >> they have gotten that message. but you definitely talk to some folks in the pla and they thought well, obama isn't so interested and now president obama is interested again, what is going on. the most important thing, however, and what i argue for in the book is that we need to find as many areas for cooperation as possible. whether its' on climate change, whether it's our businesses doing work together, in clean tech, in education policy. >> rose: cyber. >> cyberis difficult. cyberis very, very difficult. >> rose: but if there they can cooperate, my understanding is the last time that they met that there was some promises maids with respect to certain kinds of things taking place that the chinese made some promises. >> that's right. the real concern for, and i live in silicon valley, for our companies, especially our tech companies has been the chin

the chinese story is well-known.the way china has dealt with it so far has been almost completely top-down, own almost 200,000 people were investigated and have gone to trial. purely top-down. india's solution is almost entirely bottom-up. so about four or five years ago, a lot of citizens were finally fed up with this. a man who looks a little bit like gandhi but is older started a hunger strike. it caught on. before you knew it there were tens of thousands of people across india who demonstrated and said enough is enough. some new anticorruption laws have been passed and it's been far from perfect, but this citizen activism is there and it continues. the problem is neither of these approaches alone are perfect. when you look at the countries that have really tackled corruption and done a good job with it, singapore, hong kong, south kong, south korea, what they have done is a little bit of what you're seeing in china and india, but more more. hong kong for example established an independent which is nonpolitical an

the chinese consumer increasingly shouldering the board and as the chinese economy switches from manufacturingxed asset investment, we saw some weakness last month, so will their bickering confidence in that area. we are expecting that area -- number to be around the same area as well. all these data points key when it comes to the question on whether there will be more easing from policymakers or whether they can hold the course and ease back on credit as this structural change occurs. we are expecting this data to come to around 10:00 local time. rishaad: thanks for that. we will move to a million miles away, images from the chinese capital, a welcome ceremony for german chancellor angela merkel, her ninth trip to china as chancellor. she is hoping to drum up further support for business. shareholders should have the same rights as local shareholders, crucial and important to the relations between the two countries. she has called for transparency and says no one wants a trade war between europe and china and germany supports a stronger voice for beijing at the international monetary fund. u

women self-made millionaires than anywhere else on earth millions of chinese women run the company's. those are really big numbers >> questions from the audience? >> you have a microphone on its way to you. >> international stability operations association i'd like the logo on the book but to be more accurate those from india and china would be meshed together but we never talked about the relationship between india and china over the past three or four decades. >> a very good question and it has evolved a lot when i was in government a decade ago, the indians not to worry about china we have a similar histories the history to be oppressed by outside powers in china is a partner but that has changed now when you go to new delhi people are worried about what is happening with china and a very similar view to what you see in the west won the positive relationship we want a good economic relationship india has the same trade imbalance that we do that on the military side they are getting increasingly worried there are some skirmishes but if you look on you to there are videos of chinese

companies that were thought to be chinese.haad: anton, when we look at the countries individually. as their administrations will make a big difference when it comes to china. let's look at the president. what difference that makes given his rhetoric on the campaign trail, what difference will he bring to the party compared to the outgoing president? then: i think president-elect has been worrying to a lot of business communities in the philippines. if you look at his key cabinet picks, we think back the main theme would be unity as opposed to change. differ to hisld ministers. if we look at the budget secretary, he said he is happy to expand the budget deficit to 3% of gdp and continue infrastructure development. themes,ain economic we're likely to see continuity. of course, duterte is much more unpredictable compared to the current president. rishaad: indeed. the continuity argument, how does that fit with his declaration that he wants communists in his cabinet? anton: that, i think along with his policy on mining, those are

the chinese government is at more grossly negligent, likely grossly complicit in these crimes. huge amounts of money are made. we have received credible evidence that the actual number of orbegan transplants by china's hospitals remain underreported and that despite the chinese government's promises to the contrary, the number of prisoners who are killed and have their organs taken continues to rise. shockingly, researchers david ilgore, david maddus and ethan gutman, conducted detailed investigation and estimated that between 45,000 to 65,000 falun gong practitioners were killed for their organs which then were sold for profit. 45,000 to 60,000 victims who had their organs stolen and their lives snuffed out by the chinese government officials. these estimates -- there might be new estimates that are higher. these researchers will unveil new findings next week at a theefering house foreign afares committee. let me remind members that the united states congress aren't the only ones who are bringing this terrible human rights abuse up. u.n. committee against torture -- have calle

japan's defense ministry says a chinese naval vessel has been spotted inside japanese territorial waters. >>> new connections. a growing number of japanese companies are tapping into a talented pool of homemakers to get the job done. >>> and counting down to rio, the organizers of this summer's olympics have unveiled the medals that will be up for grabs. >>> the embattled governor of tokyo is set to leave his post next week. he submitted his resignation letter wednesday morning. the news comes after weeks of allegations that yoichi masuzoe misused political funds for private purposes. masuzoe is expected to speak to the metropolitan assembly to explain his decision. most of the assembly's factions including the ruling parties had been planning to submit a no confidence motion against him. earlier in the week he was in the hot seat when he faced questioning from the legislators about the scandal. they wanted details about the allegations, but in many cases masuzoe refused to elaborate. metropolitan officials say masuzoe will get a retirement package of over $200,000. yoichi masuzoe became

. >> [speaking chinese] angie: there are a lot of chinese companies looking overseas to acquire businessest they keep getting shut down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? [speaking chinese] angie: is this frustrating? >> [speaking chinese] manus: that was li ka-shing speaking exclusively to bloomberg's angie lau. staying with asia, japan's prime finance ministers said they would not intervene. the yen weekend today for the first time in eight days. let's bring bob parker back into the conversation. when you look at the big issues, i want to focus on the chinese market first. the irony that is -- this is the chinese dax. it is one of the major bond markets, 10 major bond markets that has seen yields rise by 13 basis points. the market, in terms of the bonds and the world, is viewing china through a different prism, isn't it? bob: i think the answer is yes, but the point i want to emphasize is the big structural change we are going through in the chinese economy. i would argue very strongly that we have this long-t

demands that the chinese have rejected. with negotiations deadlocked in march the thai government began working on its own. it's building shorter stretches near bangkok, less than a third the length of the overall plan. >> translator: the government has decided to build the first stretch, as we don't yet know when the other stretches will be built, we'll delay construction until we're prepared. >> reporter: northeastern thailand was a planned stop on the original route. now that the overall plan has been called into question, municipal officials who were expecting the project to bring local economic revitalizations are becoming increasingly concerned. local authorities have been preparing to build a network ahead of the railroad construction, but at this point, the railroad will not reach khon kaen. >> translator: it may negatively affect the economy in the future. my fear is the economic growth in the province may slow down. >> reporter: behind the disruptions is china's request for development concessions, not only for th

just a year ago, the aisles were bustling with free-spending chinese tourists. they bought up rice cooker, digital cameras and other upscale products. but this year shoppers' tastes have changed. customers are looking for cheaper items such as water boilers and beauty products. >> translator: customers are spending 20% to 40% less on average than last year. >> reporter: shoppers are also avoiding costly items at department stores. luxury goods like expensive watches are sitting unsold in the cases. along with this change in taste, there's also a change in the way chinese tourists shop. instead of snapping up things in a rush, they're now taking their time and enjoying the japanese shopping experience. yomi from shanghai wanted to know what she could do about the blemishes on her face. >> translator: this lotion will help heal the spots. >> reporter: the consultant explains the best way to apply the skin care products and makeup. the cosmetics shop says the more chinese customers are seeking consultations like yomi. >> translator: i'm quite amazed and happy with

on chinese new year families gather to pray for happiness. the internet is changing the way people spend this century's old holiday. on the eve of chinese new year, people sit in front of their tv sets tapping away on their smartphones. that's because, through a smartphone app they are competing to win cash offered by companies as part of a pr stunt. ♪ a total of $120 million in cash was given away this year during the nationwide show for chinese new year. the cash won during the show was deposited immediately to people's bank accounts. this event was possible because smartphones can now be used for financial services. many unique business models have begun under the government's new policies. internet plus provides new ways of interacting, and has great potential. this episode of "asia insight" shows the new lifestyles chosen by the chinese people and facilitated by the new national policy. pentek is a word that has been gaining attention during the recent years. it combines the word financial and technology. it refers to the services used f

and-- . >> rose: the chinese. >> the chinese a year ago when i was talking to members of the chinese leadership, they would say consistently we don't want hillary. the one country that truly didn't want hillary because hillary was considered a hawk,. >> rose: they don't like hillary because they think she's a hawk within the chinese think-- . >> rose: thought. >> she s i mean she is, but she was the one that was the architect for the pivot to asia, more american military in the region. >> rose: that is more the president than it was her. >> you know, you look at curt campbell, you look at hillary. they really believe that a lot of that-- and hillary's speech on economic statecraft, she was talking state capitalism, the concern of that model. obama has never actually brought that up, not once as president in seven years. that's interesting am but i tell you, you talk to the chinese now and certaiy on this trip, like you know what, we want hillary. and that's a good thing. it's really, it's not that we should all want hillary. but what i find really interesting is you know, the chinese

chinese imports jumped in may. the bank of tokyo is thinking about opting out of his role as a primary dealer of japanese government bonds. the bank sees little benefit in holding the debt given the low yields that we're seeing now. also, big focus on shares of n panasonic that rose on wednesday. tesla is working to supply batteries for its first mass market car. >> what about the thing about the weaker dollar causing head winds for japanese exporters. what can you tell us about that and the key levels right now? >> exactly. talking about the yen at five-week lows. the euro up against the dollar. 1.14 against the dollar. let's get a quick look at the region's index open now. seoul's kospi is flat. now, another big focus is whether the major index provider will announce next week to include chinese main land shares which are widely tracked. we'll keep track of that as well. back to you. >> all right. thanks a lot for letting us know with that update. >> total could be involved in a project in the field in the countr

he blames illegal chinese fishing for the poor catch. chinese boats even intrude into south korea's territorial waters. many operate near the sea many operate near the sea border between the two koreas. the area is believed to be a good fishing ground, exploitation. chinese boats can avoid detection from the south after escaping into the north. the angry fishermen have spoken up and changed their government's attitude. south korea military the neutral waters for the first time. they believe poachers used banned nets and scoop up life from the seabed including undersized fish. many of the restaurants that specialize in blue crab have shut down or changed their menu. >> translator: we haven't been able to serve blue crabs at all. last year they cost $110 for 5 kilograms, now it's double that. >> reporter: south korean fishermen have called on their mayor to take concrete steps to address the problem. they say a fishing zone should be set up around the area. an expert says chinese poachers are operating near the korean peninsula because ove

reaction to chinese pmi figures.tweet us your thoughts at @rishaadtv, include #trendingbusiness. right, japanese telecommunications company wanting to pay down some debt incurred when it bought an american carrier. let's have a look at that story and some others we are watching. haidi: that's right. investor the largest in alibaba, saying it would sell 7.9 billion dollars in the chinese e-commerce giant to bolster its cash position and pay down debt. alibaba falling an extended train on that news. softbank remains the largest shareholder with 28%. it is also selling some stock company ask ma's well as a sovereign wealth fund. the deal should not change how shareholders of view the stock. alibaba makings this large repurchase things shows that the company thinks it is undervalued. sources say 30 positions will go from its equity businesses and hong kong, japan, and india, amounting to 8% of the workforce. hsbc cutting senior investment ranking positions to as manyosts, shedding as 25,000 jobs gradually. following an i

there were three chinese witnesses. washington had never been accused of a crime before, staunchly maintained his innocence, hired an attorney, a white attorney in california. the grand jury indicted him for the crime. the county judge throughout the indictment altogether -- threw out the indictment altogether. the california supreme court lower courts decision that his indictment should be thrown out. washington's attorney made a novel argument. his client was being denied the civil rights that congress extended to african-american citizens under the civil rights act of 1866. this is happening before the ratification of the 14th amendment. it aimed at protecting newly freed african-americans in the granted them the full and equal benefit of all laws and proceedings for the security of persons and property as is enjoyed by white citizens. california anticipated this law during the civil war itself. the republican led legislature finally repealed 1850's law barring african-americans from giving testimony against whites i

chinese inflation numbers coming up in a bit.ight here on bloomberg. ♪ >> from our studios in new york city, this is charlie rose. charlie: she is the director of the cuban national center for sex education in havana and also a gay rights activist. her havana-based organization, campaign for effective aids prevention and lgbt rights. last month she led the largest day pride parade ever held in cuba. she is the daughter of raul castro. i had dinner with her in havana. i am pleased to welcome her to my table for the first time.

singerice of pop prompted an angry backlash in chinese social media.ing for a boycott of like on products. page to her facebook criticize line calm for bowing to such abuse. powered by hundred 50 bureaus around the world. this is bloomberg news. rishaad: plans to shakeup of the recruitment industry through algorithms and other activities. they also held company sue flatscreen tvs. have you spot this opportunity first of all? >> my background was in headhunting and recruiting for some of the banks. going through hundreds of resumes manually. because can see how much time it take. some elements of relevance scoring. first and foremost to the relevant candidates for any given position. rishaad: so how did you develop your algorithm? you run a scan through on my resume. >> the candidate would actually come to us and we would upload resume and take the information is that is relevant which then scored against every single position that is available. would get a score between zero and hundred for every single position. you have to manually take off anything.

occasionally, you get some chinese immigrants coming in. the chinese begin to pour in and 1850's. initially, they are welcomed. initially there are people saying how important the chinese are. how helpful they are. how they need their labor. that quickly changes. we will hear much more about this tomorrow, so i do not want to go into too much detail, except simply to say by the , 1870's, the west coast of the united states has a -- essentially making war on chinese immigrants doing everything possible to prevent them from coming in from being successful when they arrived and ultimately, this leads to the chinese exclusion act which does not in fact exclude all chinese, but it excludes and awful lot of chinese. there was still be significant intose immigration up world war ii, but not in anything like the numbers before. meanwhile, starting in the mid-1890's, we begin to get japanese immigration. the japanese had not been part of the chinese exclusion act. for a number of reasons, one of which is at the time, it was illegal for japanese to lead the -- leave their country. you do no

racial selectivity in the immigration era began with the chinese >> kludge an act of 1882 -- chinese exclusion act of 1882. it is evident from history that racial considerations, not safe economic or political considerations were paramount. in supporting the act, senator miller of california exquisitely appealed to notions of racial inferiority. he said, it is not numbers that are needed, quality is more important than quantity. productplete man, the of free institutions and high civilization is worth more to the world than hundreds of barbarians. upon what other earache he can we justify the almost complete extermination of the indian, the original in all of these states. i believe that one such man as newton, franklin, or lincoln glorifies the creator of the world and benefits mankind than all of the chinese who have lived, struggled, and died on the banks. opponents of chinese exclusion the famous line from the declaration of independence -- we hold these truths to be self-evident that all men are created equal, that they are endowed by their creator with certain rights among thes

makes arrangements for young chinese looking to study abroad. firm officials say more and more high school students want to go to europe and the u.s. to study state-of-the-art technologies. >> translator: if i get the chance, i would like to study overseas to learn more. if i do that, it will give me an advantage. >> reporter: the chinese academy of sciences says only one-third of students who study abroad return home. many choose to stay overseas to work for companies and research institutes that offer better salaries and conditions. many companies in china see those young people as great opportunities. here in the city of chandu, the business community is eagerly working to attract them. this man runs a firm producing solar panels. heays the clean energy industry is highly competitive so his firm needs young people who have graduated from technology programs overseas. last year he set up an organization called the sichuan thousand talents organizations with other business owners in the city to hunt for students studying abroad. the association

are opening chinese markets to u.s.irms who are very much closed off in areas like finance, telecoms, logistics. he wants some answers from the chinese as to the progress of the reform agenda. particularly concerned about overcapacity in industries like steel and aluminium. a distortedays that global market would erode china's future growth potential. in thent some terrorists u.s. imposed on their steel exports remove. they also want the market economy status they think they owed. -- are that is some progress that the chinese are looking for. anna: tom mackenzie joining us from beijing. let's get simon french back into the conversation. lots of themes coming out of china this week. jack lew said the focus steeltedly will be on industry but also on the currency market. what are you expecting to be the take away from these meetings? simon: cooperation or attempted cooperation regarding the path of the u.s. dollar and the yuan. what you are looking for is some guidance toward a strategy which markets can be confident on. y

chinese officials have a different view.here has been an increase in the number of investment projects in china but companies that demonstrate how both sides complement each other and how well both sides cooperate. for investors believe in the prospects of the chinese economy and feel its fundamentals are strong. sounds good, but that ignores the realities of business, says the european chamber. they complained there are still too many restrictions for foreign investors and the biggest hurdle still remains, preferential treatment of chinese companies in beijing. sarah: let's cross to our financial correspondent in new york. talks between u.s. and china have wrapped up. what are the broader implications of these discussions? reporter: overall, from the u.s. side, there is quite some interest of investing in china. the country is still growing and if you look at china itself, the country depends on capital flows, so they need money from abroad, but for sure you cannot just ask for money when you need it and then when times are

that is also for the chinese to decide.being inside the european single market. i know chinese banks and players are valuing this very strongly. this will give us a competitive advantage. the other is that we are in the is an advantage to the u.k. for a long time, so it's easier to reach out from luxembourg than london. >> thank you so much. i'm sending it back to you in hong kong. very muchhank you indeed. we will stay in china there. we have the keynote address at the world economic forum. there he is. about relationships china has with the rest of the world, the state of the global economy, and much more. "asia edge" is next. ♪ >> you are watching "asia edge." chinese premier just starting his opening speech and speaking to the audience. governance -- language]g foreign >> addressing the world economic forum. managers need to ensure a stable -- measures need to ensure a stable economic environment. the united

the chinese finance minister made it clear that the chinese were going to conform to the g-20 reformt was announced a week or so go. there were also be rumblings about currency manipulation on both the democratic and republican side. there will be rumblings about foreign policy. jack lew made that point crystal clear. the obama administration has increased levies on certain chinese groups in the course of the last two months. china's growth rate is the big issue. it is coming down to 6.7 percent and maybe even as low as 5%. angie: when you have a weakness on one hand, you have to show force on the other. that is what they are doing on the soft tennessee. -- south china sea. u.n.at comes before the makes a ruling on the conduct of china. the chinese government has been building artificial islands and many parts of the south tennessee. this part, that is the heart of the issue. it is more than likely they will rule in favor of the philippines and it is not clear than what the obama administration will do. there is a lot of pressure to increase freedom of navigation operations through t

of top u.s.eting and chinese officials.alongside jack lew and john kerry, it was said that the two countries should not fear disagreement. you reference a major point of contention, the work in the south chinese see. >> the china and the u.s. need to increase communication. the vast pacific should we a stage of increasing cooperation, not an arena for competition. the annual dialogue between the u.s. and china is taking place today and tomorrow. the latest polls adjust that more britain's favorite leaving the european union. block.or leaving the meanwhile, a poll shows that the leave campaign is ahead. y the stakeors cam could prevail. hillary clinton, in order record , yesterday. aways just a few delegates from clinching the nomination. meanwhile, the campaign of bernie sanders is denying claims pollingsought fewer places in puerto rico. he is also criticizing the way the island's primary was run, calling get shoddy. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world.

supporters of chinese exclusion had a powerful response. senator grover for example , theed out for example context towards the aborigines of this country, whom the founders discovered in lawful occupancy must be construed as missing a limit to be right upon them. when they declared all men created equal and were endowed with the inalienable right of the pursuit of happiness, they undoubtedly meant all men like themselves and in a like manner, joined in the bonds of civil society. society toeated this be an asylum of oppressed nations they undoubtedly meant , all nations once they came, people similar to them. there was an explicit connection in this period respect to -- between racial policy with respect to indians, asians, and african-americans. senator jones, for example argued in 1882, does anybody pretend to tell me that is a blessing to this country that african-americans are here? it is no fault of ours they are here. it is no fault of theirs. it is the fault of the past generation. but their presence here is a great misfortune today

chinese history and in general what was the chinese opera-like. one of the things that came across was memories of the massacre. when they wondered if they were able to publish their findings except they said you cannot publish anything about the massacre. that began to change in the 1980s and some ways a by product of pit riotic education. this got picked up in china and you have a pattern where you have the social level with the history activist and people interested in chinese history and sometimes using it to criticize the chinese government as well as the state. trying to channel a more pret row expectative and play a in the politics and many were better qualified than i to talk about it, but you can see the issue between japan and relations to japan informed by the reevaluation and increased consciousness of japanese imperial atrocities began to affect the politics. one of the victims of this in 1985 who suffered a great deal of damage for being too close to japan. there signs that this continues to play a role today. japan began to respond

. >> reporter: thousands of chinese tourists arrive. this kind of trip is especially popular among tourists who plan to shop because they can bring more baggage than if they travel by airplane. >> translator: these are for three kindergarten teachers and 36 friends. >> translator: cruises to japan used to be the preserve of the rich, but now affordable package tours make it possible for the middle class to travel in style in floating hotels. in may, a 57-year-old man from china went missing. about three hours after arriving at the port in the western prefecture of fukoka. he was traveling alone. please and others think he may have taken part in the tour to enter japan illegally. in nagasaki, three chinese men in their 40s disappeared last october. they had arrived at the port there on board a cruise ship. coast guard officials searched for them. and found a map of japan that the chinese government has access to. according to the police immigration and coast guard officials, 22 chinese cruise ship travellers disappeared from last july th

chinese makers face an additional tariff. japanese makers also will be hit with a roughly 70% anti-dumping tariff on the steel products. u.s. steel producers filed a complaint last july. they said chinese makers more than tripled their exported compared to the previous year by dumping >>> being noisy is usually a no no, but a few theaters encouraging it. >> reporter: a long line in front of a movie theater. some are dressed as anime characters. their bags are stuffed with mini fire crackers. the theater is showing girls un ponzer. a movie about girls who practice tank warfare as sport. the audience is allowed to wave light batons and set off crackers. they say that letting off the crackers gives them the sense they are fighting alongside the girls on screen. when a popular character appears they go wild. it's like first appearance of star at a pop concert. the audience members say the movie is more enjoyable when they join in. >> translator: it feels as if you're creating the movie together. that's what i like best. >> report

rishaad: so the chinese are finally getting an appetite for somatic investing.t are the interesting -- industry groups garnering the most interest here? reporter: you want to bring this up on your bloomberg at home, we have a list of the stocks doing very well. this is one example of how well these stocks are doing. beijing seven electronics, you've never heard of it. big as now twice as icbc, the state banking behemoth. this stock is up almost 70% year to date. compare that from the start of may even, or the shanghai comp, which has been moving sideways. this is an indicator of where we can see the most enthusiasm. there is a lithium car battery maker, up over 130% this year. companiesse sorts of and compelling growth stories dominating, given the broader market is falling. the other thing is we are anticipating at some stage in the next few months, that the hong kong stocks will come through for investors and we look at more access. rishaad: thank you. we've got this trend in place at , weaker and weaker every moment -- morning. this has been since the brexit

the chinese iron ore imports will be a key component of that chinese trade data report today.uld have a big bearing on where the aussie dollar trades. well, absolutely, and many other people looking at the export side of trade data as well. it should be a snapshot of the global economy as well. >> certainly. is also expected to be in negative year on year territory, and it does not look like there has been a dramatic pickup in global demand to boost chinese exports that substantially, so there's probably not a lot of hope in there. ishink the main takeaway that we should see the trade balance expand again in china, and that should help the foreign-exchange reserves somewhat, cushion the blow, if you will. reserve decline for the first time in two months. a lot of that reflecting the u.s. dollar that we have seen as of late. rishaad: let's have a look at new zealand and the central bank there. auckland housing market before it makes a rate decision they are which i believe is on thursday. >> that's right. we have the interest rate decision tomorrow. certainly we are looking tow

the justice department kids chinese espionage a national security emergency.re are more investigations and more prosecutions, but the dragnet sometimes snares the innocent. bill whitaker reports for "60 minutes." >> it was so urgent, pounding so urgent that i run here to open the door without being fully dressed. >> reporter: last may the fbi paid an early morning visit to scientist xia xing xi to his home in suburban philadelphia. >> i open the door. i see a lot of people outside. >> bulletproof vests? >> yes and guns. >> xi is chair of the temple physics department. convince heed was a spy passing high tech secrets to china. he was stunned when agents burst in and handcuffed him. >> reporter: did you have any idea what was going on, why they were here? >> no, i had absolutely no idea. so the very first thing i went through my mind was -- this must be a mistake. >> reporter: xi couldn't believe this was happening to him in the u.s. he was born in china and raised during the cultural revolution. a time when families feared an unexpected knock on the door. his

slapped tariffs on chinese steel. beijing said the ruling is unfair and argues that the supply glut in the global markets is, in fact, a global problem. the chinese president also addressed this issue saying that china would continue to push ahead with supply side reforms. the dialogue continues into tuesday. eunice yun, cnbc, shanghai. >> for all the latest developments on the u.s.-china strategic and economic dialogue, go to cnbc.com. >>> now we have the european central bank meeting, i was there at the back end of last week, and i spoke to the us a trian central bank governor nowotny who said this phase of acute deflation risk is over. he downplayed the forecast horizon. they have 1.3% inflation forecast for 2017 and said, look at the difference between that and the difference between their target. just below 2% is not that big, so that fits with the theme and message he gave me on friday. >>> so let's take a look at the stocks to watch in monday's trade stateside. a number of pharmaceutical companies have breakthr

[laughter] >> comes out of soviet and chinese archives. biographynk this is a which has taken full account of the degree to which allied intentions0\ intelligence -- allied intelligence play such an important role. the degree to which led to decrypting deputies mabel and army codes. able to provide him with the means by which to outsmart and outguess his japanese opponents on the battlefield. and to conduct the kind of bold moves he was able to do. his first it come cut the biographers do not know about any of this. it were unaware of the degree to which alter provided this vital information. his other biographer for whom i have a lot of respect talks about it but this is about graffiti -- a biography that insight that new some who understand the importance of intelligence. we live in washington dc. senior fellow at the hudson institution. >> this book is what number? >> > this is number eight of my books. was that the number one bestseller? >> it sold well over half a million copies worldwide at this point. it is a book which i am enormou