plus, a chinese olympian opens a fencing club. and we sample authentic dumplings and pho. >> hi everyone and welcome to visions 2017, our celebration of asian and pacific islander history and culture. we are at franklin square, which has been completely transformed for the chinese lantern festival, a chinese new year's tradition that dates back thousands of years. we'll take you on a tour in just a few minutes but first we head just a few blocks west of here to a new spot called chinatown square. >> friends and business partners david tang and kenny poon created chinatown's new eclectic hot-spot. >> chinatown square is a contemporary food hall. with about 14 vendors in one building. >> this dynamic duo turned into a hip 2-story food and entertainment sensation. >> we travel a lot. >> we wanted to open something with all our favorite food in one spot only >> entertainment, food, alcohol, bar everything in one. >> they wanted to celebrate their cultural heritage when choosing the eateries. >> i'm born in china and when i was 4, i mo

the chinese have also allowed or the chinese authorities have at least looked aside as chinese-based companies have exported to north korea components that were essential to development of their ballistic missiles and probably other parts of their special weapons programs. i'm not at all optimistic that the chinese are going to play a different game with us now than they did in the past. one thing i would add, though, aside from military pressure, which for reasons that you suggest, senator mccain, i think is questionable plausibility. there are ways in which we could increase economic pressure on the north korean regime, particularly by imposing a further economic sanctions and especially financial sanctions. we did that in the bush administration. i think it was actually something that caused a good deal of pain. we backed away from it for various reasons. i think it was a mistake to have done that. one of the reasons in my understanding that we haven't been willing to push on this harder is that it probably would involve sanctioning entities that are based in china, and i think we

involving anti-chinese crimes.ventually, the companies felt that the chico groups were too far to kind of protects and they advised them to eventually just go to san francisco. what happened. and that is why we don't have a long-standing chinese community here. i mean, they had whole sections of the community. offers ank this testament to the kind of life they lived. establishtrying to themselves. not only with their religious values but opening up medicinal shops. they held cultural parades and holidays. and they would parade through the streets of downtown. i feel like they were really trying to make this their home, away from home. and the anti-chinese movement happened everywhere. with anything, especially with the arts and culture, to show that you don't want someone around or two -- you remove these things. the cultural objects. someone'swipe out precedents. and i think that might've happened to a lot of cultural artifact. all of this furniture, all of the altered furniture, it was all recovered and is put in

certainly they need to start looking outside of the chinese market.'s still a lot of growth in chinese market, for example tencent are actively looking outside, looking at notjust china but around hong kong and singapore. the chinese communities in europe and america. and also exploring other opportunities. we are exploring advertising channels, getting companies to put their brands on wii chat, for tencent. they are already approaching the number of users that whatsapp has? injanuary number of users that whatsapp has? in january whatsapp said they number of users that whatsapp has? injanuary whatsapp said they had 1.2 billion active monthly users. i think wechat are gunning to overtake whatsapp. they are also targeting international markets. whatsapp and twitter are already having a major footprint in the international market, but the likes of weibo and tencent are catching up just with that powerful billion strong mainland base and the chinese dyas barack. you look at the western counterparts. —— diaspora they have a limited ability to get their foo

and the chinese can be key. in the same way that the chinese are the key in negotiations with north korea. the president says if china is not going to solve north korea we will. well, we have very few options beyond pre-emptive military strikes without china. it is going to require china to play a big role. but over the last year, from first quarter of 2016 to first quarter of 2017, there has been a 37% increase in trade between north korea and china. notwithstanding u.n. resolutions and their commitments to have tougher sanctions. so can you talk about what you believe has to be the conversation that goes on between the united states and china for them to drastically increase the implementations of the enforcement of the sanctions which would bring the koreans -- the north koreans to the table. the chinese have wanted us to have direct talks with the north koreans for years. i agree with that. but it has to be partnered with crippling economic sanctions by china on the north koreans and that is not happening. c

. >>> on a chinese national holiday in early april, many people leave early in the morning for a long trip. they travel out to the suburbs where they pay respect to their ancestors at this cemetery. it's a custom dating back more than 2000 years. the chinese believe that the spirit lives on in another realm which is why the living make offerings to the dead. burning bills is a way to send money to the deceased with hoepsz thhopes that they can live comfortably in the afterlife. the chinese have always had a deep connection with their ancestors, treating them as if they were still alive. however, they constantly avoid addressing death itself despite its inef vit ability for themselves and their families. [ speaking foreign language ] >> but in an aging nation where nearly 10 million people die each year, too many, death feels increasingly immanent. in this time transition, one doctor has introduced a new system where patients and their families can openly confront the issue at medical facilities. [ speaking foreign language ] the meaning of life and death are becoming more deeply consi

it's always important to have a distinction between the chinese communist party and the chinese people they are not the same thing. one of the things that we talked about is a very important both in the culture and the politics is the ability to save face. in essence, to not be publicly embarrassed on a topic and therefore, as you've expressed, the best way to raise issues with the chinese leadership is in a private forum. i would ask, given your time and interaction with the current president of china, can you tell us of any instance where you raised a difficult issue or press them on something and you felt does make an issue that did not align with the issue of the communist party is there an instance where you raised an issue press mark. >> that's a good question. i think your observation is obsolete right on. we need to try to find race to partner with them. i busy, my role as governor was different as will be different than my role as ambassador. as governor i wasn't as aggressive as bringing up the human rights issues and things like that. >> economic back economic issues because

this video was produced by the chinese government. >> ( translated ): to apply the traditional chinese of thinking the prisoners committed sins in their lives. if we let them donate their organs, well in a sense they are offering salvation, they can atone for their crime with that opportunity. >> sreenivasan: at a press conference in 2005 china's vice minister of health huang jiefu admitted the government took organs from executed prisoners. but in 2014 huang jiefu, who is now leading the reform efforts in china declared that starting in 2015, china would stop using organs from executed prisoners. but matas and gutmann believe they have evidence that this practice still continues. they say inmates on death row include prisoners of conscience, such as practitioners of falun gong who become unwilling sources for organs. falun gong is a form of chinese meditation and exercise with a spiritual underpinning. since 1999 the chinese government has cracked down on falun gong charging it with being an unregistered religion and cult that aims to subvert the state. >> we interviewed falun gong wh

most cases are chinese company's against chinese companies, so china knows that and they need to compete by bolstering ip. in the meantime, what do we do in merica? here is my thinking. if you are, if you are thinking that china can make whatever we can make at the press of a button, look at chinese safety standards. look at the thousands of scandals over there and the hundreds over here. so a recent one was the san francisco bay bridge, where the football field long plates were sourced from a chinese enterprise and they were cracking. and rather than fixing the problem, california transportation authority decided to fire the inspectors and lucent -- lossenosen regulations. avoid the bridge in an earthquake. it is not an outside case. if you look at the high-speed rail industry, a erfect case study of china opying ip for the high-speed rail technology from hyundai and kawasaki. if you look at that infrastructure project, it has been an example of corruption and lack of safety. so, you know, the crashes you have had is because of systemic failures, failures happening up and down the syste

the chinese football authorities have announced a 100% tax on signings of foreign players.ational football association said it wanted to discourage the blind pursuit of short—term results which drove up prices. there's been speculation that chelsea star diego costa could leave stamford bridge for a move to china. but now chinese clubs which are losing money will have to match any spending on new players by donating the same amount to a domestic football development fund although most chinese teams are not profitable. a host of star foreign players have signed to chinese super league teams for huge sums in recent years. marco silva has resigned as hull city manager after the club's relegation from the premier league the portuguese took the job

chinese are... apply the principles of multi—party democracy, pluralism and economics, that is the sort of value based submission that the chinese don't recognise. the world bank doesn't either. many banks don't. i don't see why this is just about the chinese. they are not the only bank... is about the fact that you have compromised, as you have sought to expand your markets, whether you have compromised your baseline principal. i don't think we have. we apply those principles for central asian countries and all other countries. we go through these criteria in great detail. a lot of public consultation as well with lots of societies and organisations. i don't think we have compromised, we are rather transparent about it. a final thought on the international context. in the early 19905, the west thought they had won the sort of values battle, and the economic battle and that liberal democracy and free markets were the way the world was going to go, and that free markets would propagate those western

american john ling makes a living helping chinese companies find locations to buy in the u.s. >> chineses are going to the u.s. because they think by doing so they can lower their costs of production. in certain pockets of the u.s., the land will be much, much cheaper than china. the electricity rate, natural gas, the logistic costs. >> reporter: in addition, he says his raw material, cotton, is also cheap bringing his total costs down by 25% compared to china. american workers are more expensive, but he says with wages in china rising 30% a year for most of the past decade, that gap is closing. in the u.s. the labor cost is just a little over double what we pay in china, he says. he plans to have 500 workers at his u.s. plant by the end of the year. if trump gets some of his agenda done, chinese manufacturers could find the states even more attractive. >> if we get our congress or the president to agree to something, we probably would be able to lower our tax rate, corporate tax rate. >> how big a trend is this now? >> i don't believe we have scratched the surface yet. >> that was eunic

you want to bring down the chinese government? t i don't think i have the power to bring it down. >> williams: but you want it to change. >> ai weiwei: yes. of course. >> williams: those are dangerous words in china, where even after decades of modernization, the government has little tolerance for dissent. but that's never bothered ai weiwei. this is the work he's perhaps most famous for. what you're seeing in the background is a portrait of china's revered former dictator mao zedong, part of a series in which weiwei gives the finger to other symbols of power around the world. >> ai weiwei: --just like this. ( laughs ) >> williams: it-- ( laughs ) --are, are we creating a new-- a new ai weiwei as we stand here? >> ai weiwei: you can see. it's so easy. everybody can do it. >> williams: easy. certainly not subtle, and maybe a little silly. but the chinese authorities took them very seriously. they thought it was subversive. why was the regime frightened of art? >> ai weiwei: because they're afraid of freedom, and art

this is critical for chinese customers.players entering the market as well, so i think the last six years, yes, some western banks have scaled back or exited commodity business lines. david: your business has come a long way. a lot of our clients and viewers are probably interested in the answer to this question. are you hiring? in which areas are you hiring? i am not asking for me. years, theast six next 5-10 years, we are always hiring because we are new in the industry was so we need to rely , soxperts in the industry you can imagine. about 35,000 have ,raders, about the right size five offices globally, so we are always hiring. when ever there is appropriate talent, we are looking to hire. right, help me understand something. let's look at the market itself. the big story last week was the iron ore on the chinese exchanges. why do we see these massive price swings in these commodities exchanges in china, shanghai or others. >> i would say that over the past 6-9 months, or the past couple of years, the whole reacted as m

why did that make the chinese government so angry?o control the information, to the limit the truth. it's most efficient tactics for totalitarian society-- for the rulers. >> williams: he gathered the names of more than 5,000 dead children and published a list on the internet, shaming his government, and across china, people took notice. it was a challenge to the government's authority? >> osnos: and they couldn't accept it. it was an act of radical transparency. nobody had ever done that before, and they didn't immediately know how to respond. they had never really encountered a person like ai weiwei. >> williams: what-- what were they worried that he might do? >> osnos: inspire people. inspire people to do and live the way that he did. >> williams: the chinese authorities responded brutally. ai weiwei says police beat him up, and he later had to be hospitalized. doctors discovered bleeding in his brain which he says could have killed him. he documented it all on social media for his followers around the world, infuriating the govern

we want to basically help chinese investors to global assets.bring those to china with our investment bank, asset management, and wealth management helping to give china exposure to, global investors who are seeking that through hong kong stock connect, bond connects in the future. notre trying to implement the largest bank competing with domestic players, but being the top international bank that gives international clients exposure to the rest of the world. it's good that others want to compete and become the ubs of china, but we are the ubs of china. reporter: speaking of your banking business, has this held wealth management clients back from making investment decisions? >> in general, there has been a lot of caution with investors sitting on the sidelines.as markets are normalizing, we are seeing investors come back. after the trump election, more than a third of investors said they are getting back out of cash and into investment positions. we are long u.s. equity and high yields. we believe there are opportunities and equity markets, desp

the chinese can clearly do about it. the chinese can clearly doa do about it.he question is whether doing more in the economic sanctions will be enough to get the north koreans off their own nuclear train because they are really moving very fast on that. frankly, i think the chinese like working with the americans when americans talk this way even though, i'm sure in the dead of night, they worry a little about whether president trump will follow through on all of these things. isn't one of the to these things, isn't your boss, when you are dealing with these things, george w bush, the famous axis of eagle, trump and his secretary of state rex tillerson are not doing this and this is from rex tillerson, "we do not seek a collapse of the north korean regime, we do not seek accelerated reunification of the peninsular, we are not out to bring the regime to its knees." —— the axis of evil. it is an important signal to beijing. another reason why the chinese liked dealing with the president and secretary rex tillerson. there is no question that the trump administrat

either tibetans are chinese or they're not. if they are they must enjoy the same rights and privileges as other chinese citizens. and they must permit his hollyness the dalai lama to go back to tibet. he is a man of peace who will soon be turning 82 years old. he should go to his homeland. and they must honor the human rights of the tibetan people. they must have an investigation into the 2015 death of the revered lama. on our side, the new trump administration needs to appoint the special coordinator for tibetan issues as quickly as possible, to make progress we need someone in charge. they must insist that china restart the dialogue to lead a negotiated agreement in tibet. they should develop a list of chinese officials subject to sanction under the accountability act. no one responsible for torture and extra judicial killings should benefit from coming to our country and doing business here. they should publicly engage the dalai lama and the democratically elected leader of the tibetan people. the state department should --

so the chinese now have a real problem on their hands.ing has to decide whether or not this latest test is, again, indicating that pyongyang is not listening to anyone, least of all to china and whether or not china decides to impose at a cost, because very frankly if the chinese expect the united states to show renewed flexibility one more time to north korea, and this is what you get, you're not going to get any kind of response from the united states, nor should you. one other thing i should emphasize. the argument i heard from one of your participants china needs to get a reform order leadership in the north as if they have control over this, the chinese have been trying to nudge the north koreans for 35 years to move in this direction and they never have. and the question is whether or not the chinese, despite their obvious incentives to get north korea on better behavior, to have north korea move in the direction of being a more normal developmentally oriented state, simply can't do it for reasons having to do with the structure of

souvenirs on display. have chinese, russian, and north korean souvenirs on displaym have chinese, russiansential goods and other cargo. north korea has long been isolated because of strict economic sanctions imposed by the un. the owners of the ferry say it will improve relations between the two nations. translation: we don't violate any un sanctions. we transport people. we create better communication between people, between china, north korea, and russia. ithink people, between china, north korea, and russia. i think it is good. i think everything will be fine. and russia. i think it is good. i think everything will be finem and russia. i think it is good. i think everything will be fine. it is not the first time the ship has set sail. it was running between north korea and japan until 11 years ago. but japan suspended the service after a north korean missile test. the service is expected to carry up to 200 passengers and 1000 tons of cargo six times a month. early booking is advised. 60 tourists from china have already bought their tickets for the next vote to be bbc news. —— boat. hel

is all the chinese bones, snooker people, are watching and excited that he can win. —— most of our chineseur chinese bands. they're disappointed he didn't make it. he did a very good job and his performance they are so good job and his performance they are so proud of, they are so proud of his performance that day. you say there's a great deal of pride in his performance, how popular now is snooker in china and are there many fa ns snooker in china and are there many fans of ding as well as of the game in china? sure, sure. snooker in china is growing much more bigger than before. we have to say it is because of ding, his performance and his achievements to promote this business into such a big one right now. we saw the game becoming very popular when ding junhui first hit the scene a number of years ago, but now he's had a bit of a setback. do you think the game will continue in such popularity in china? definitely it will. actually more and more young people, young guys are involved in this sport in china. most of them are huge fans of ding himself, so that's why i'm thinking... the busi

chinese airlines will take direction from the chinese government.nt this to succeed. over the next five-eight years, most likely you will see more government pressure on the airlines to buy these planes. >> well, weather permitting. we will see if it takes off today. an exciting day. let's get a quick check of the latest headlines. bondage is expecting less fon etition -- quantities is expecting less competition from international rivals. isy expect -- qantas expecting less competition from international rivals. toshiba is said to have turned down a bid for its energy tech unit. a reuters report says it is hoping to get a higher price at auction. toshiba is selling assets after saw losses. yvonne: viacom plunged after the admitted many channels have been moved to a higher tier of service. new charter subscribers can only have channels like nickelodeon and comedy central if they pay for the most expensive package. it could reduce viacom's subscriptions. betty: a chinese smartphone maker aims to clots way back to the top eye teaming up with the govern

seeing interest in unloved chinese banking stocks. #8139, chinese banks on the mainland have been underperformingunting sufficient to take action. up, that has picks provided some support. #7150. what we have seen is with that first quarter performance by gbank, they reported better numbers and the bad loan ratio fell. we have the chart now. chinese big for banks and turns of market cap, it has been steady. in 2011, out of favor but now we are seeing a pick up here. has raised them to .utperform, but concerns remain a rather important data point. rishaad: we have to get analysis from deloitte on market direction. we had to beijing as well. the consumer price index in the factory gate index. ♪ rishaad: there we go. that is pictorial harbor. -- victoria's harbor. were talking about what is going on, a situation where we are seeing the msci china index not correlated at all with the market in shanghai. #8466, a quick look at that. this is what we have come of the least since 2006. we are looking elsewhere to. diversions had to do with the old economy and the new economy. this is perhaps going to be

the chinese shanghai composite into the lasting hour of trade. it on the back of that and as far as the lme, the drawn copper is the highest in nearly three years. that is underpinning the copper market as well. let's have a look at some of the currency markets. , softer inflation data may warrant a rethink. the dollarhs says rising 10% versus the yen. yields rising by 50 basis points. no real trepidation from goldman sachs in terms of the direction of u.s. interest rates. up 1/8 of 1%. this is the 31st so you will see month-end for a demand of the dollar-yen weighing a little bit according to some traitors we have been speaking to. the context of what we have got is the declining sterling, chinese data to get our teeth into. sophie kamaruddin is here with the first word news. sophie: sticking with the currency markets, anxiety surrender the outcome of the general election heightened after a poll showed the conservative party may lose its majority by 16 seeds. sterling underperformed all of the g10 peers after a poll in the times showed the torie

i'm not really seeing things imploding from the chinese side.k in the u.s., we will get quite a bit of economic numbers, retail sales missing on friday. housing starts on tuesday. do think it will affirm that this economy is on strong footing, or have we peaked here? isthe second quarter rebounding from a first quarter, after sixery weak, years of each time the first quarter being very weak and later on getting revised significantly. we have data volatility, adjustments to the first quarter. the second will probably get 3% growth after less than 1% in the first, basically cruising, hovering around 2%, but so far not a lot of inflation, so it is still steady in the u.s.. shery: thank you for joining us in hong kong usually in new york . the head of global asset allocation at j.p. morgan. up next, and on alert for what could be phase two of the global cyber attack. warning of more victims on monday, we would take you why. this is bloomberg. ♪ shery: i am sure and in hong kong. this is "daybreak asia." betty: i am betty liu in new york. companies a

and the state of the chinese economy has beenin the state of the chinese economy has been in the newswith moody ‘s downgrading the debt rating, and on wednesday we get another peek into the key manufacturing sector with release of the official purchases index. and on friday, top defence chiefs from the region will c0 nve l’g e defence chiefs from the region will converge in singapore at a major annual defence caught. early i spoke and asked what we could expect from the computex conference? and asked what we could expect from the computex conference ?|j and asked what we could expect from the computex conference? i think we will be watching keenly to see what demand is like, articulately coming through from some of the big corporate is across asia because there is some concern in this sector as to whether that desire for the corporate is to constantly renew their hardware is still to the fore. i think if you are looking at surveys that have been done of late across the 0ecd there is a typically across the 0ecd there is a typically a desire on the part of purchasing managers do not upg

you want to bring down the chinese government? >> not bring down. >> reporter: but you want it to change. >> yes. of course. >> reporter: those are dangerous words in china. where even after decades of modernization the government has little tolerance for dissent. but that's never bothered ai wei wei. this is the work he's perhaps most famous for. what you're seeing in the back fwoupd is a portrait of their revered dictator, now smao tse-tung. are we creating a new ai wei wei as we stand here? >> everybody can do it. >> reporter: easy? certainly not subtle, and maybe a little silly, but the chinese authorities took them very seriously. they thought it was subversive. why was the regime frightened of art? >> because they're afraid of freedom. and art is about freedom. >> reporter: they're afraid of freedom. >> yes. >> reporter: are you an artist? or are you an activist? >> i think i'm artist, and activist is the same thing. as artist, you're always an activist. >> reporter: you have to be political to be a good artist in. >> i thin

he can get the chinese to do what other people couldn't get them to do.mehow, he can find a sort of formula in negotiations that will make the north korean say, oh, we can deal with this guy, we can cut some arrangement with him. he goes into this with a sense, with a kind of thought that he understands that at a certain level, but of course, i don't think he has ever cracked a briefing book on it or anything like that and often when he is confronted with facts, he has never really seen them before. so, we have the odd spectacle of the chinese president xijinping talking to him about north korea and he said, "gee, after ten minutes of that, i finally understood it, it's a bit more complicated." he skates on a very thin fact base, to be sure. he is concerned about trying to deal with it. he feels there is no one better than himself to deal with it and that is a concept that frankly has to be tested. it's an interesting concept but maybe he bases that in part on the fact that people like you worked very hard on your briefing notes and briefing books and res

we have been talking about chinese belt road initiative.we will look at some of these banks. #8536, these for big ones -- four big ones. chinese banks are facing relatively high interest rates risks while supporting this belt road initiative. out this is is a concern highlighted by the banking commission saying some of these countries are suffering from large depreciation, negating some of the investment get tove. sophie: let's the open in shanghai with haidi lun out of sydney. we are seeing a lower open, but look at the broader gmm rom the function. a risk off sentiment. byl street getting unnerved this american consumption story might be hitting the skids given some poor retail earnings. we're getting retail sales data and some key fed speak from philadelphia and charles evans speaking as well, so to bingo team members will give us a hint as to how this tightening trajectory could go. worldget over to our equities indices page. shenzhen upn .3%, by the same amount, hong kong flat at the moment. the big headline making story is this id

rishaad: getting back to that of story, small signs chinese economy holding outcome of chinese economy up, the factory gauge for may better than thinking out there, at least what economists have been calculating. tell us a bit more. backdrop,remember the one of deleveraging in china. putting the foot on the brakes might slow growth somewhat more than anticipated, but i think what we are seeing is a targeted the leveraging campaign, targeting specific sectors, the financial industry and particular as they try to rein in risks there rather than pull the credit out of the wider economy that would slow growth in total. i think this pmi points to -- rishaad: we look at the whole idea of the ppi number, the factory gate number, 53, 54, hugely deflationary territory, now growing rapidly. how much is a sign of industry shakedown and getting rid of excess capacity? ppi is #8228 showing how has this upsurge and has gone into positive territory. we have seen it fall back, as we have with the pmi numbers. >> there are a lot of things going on with ppi. ,here is a base effect capacity, running down

a result of concerns about chinese activity to pop bubbles in the chinese economy.en we see the big infrastructure push for the chinese over the weekend. what are your latest thoughts? >> there's a lot going on in china, obviously. in many ways, a a lot of the stuff that is going on is positive. the fact that bond yields have been going up is positive. -- i was looking at one of your charts earlier, a lot of the indicators were declining up until about a year ago. we have now seen a lot more stability there now. inflation, which has been negative, high inflation is just as bad as negative inflation. you've now got inflation that has normalized, that's a good thing. there's a lot of very positive things going on. i know people talk about the level of debt in china, i think you have to put that in context. china is very big. you heard it here first. but the fact is that it does have a lot of debt, and as a percentage of the economy, it is quite high. but that's normal because of the state of china's growth. i'm actually fairly optimistic about what's going on in china

the chinese player picked up opposite. the chinese player picked up by opposite. player picked up by greater resistance opposite. the chinese player picked up by greater resistance and opposite. the chinese player picked up by greater resistance and despite being below third by —— being below konte, she won the set. dernbach was hitting the shots straight at her opponent. the chinese player continue to chip away. she survived another game but her arrival was short lived. better disappointment for konte, who is still to win this kind of match. former us open champion sam stosur has suggested that some players may decide to boycott playing on the arena named after margaret court at next year's australian open this comes after court, who won 2a grand slam singles titles including wimbledon in 1970, and is now a christian minister, re—affirmed her views against gay marriage. the arena was renamed in honour of court in 2003, but now stosur has said that although she accepts that everyone is entitled to an opinion, she added "i don't agree with her and when we get to th