the headlines: chinese communists have begun their party congress, at which future leaders and policies are unveiled. president xi jinping told delegates in beijing the party would help improve lives and achieve the dream of national rejuvenation. the chief of amazon studios, roy price, has resigned after reports that he harassed a producer and ignored allegations of sexual assault by the disgraced film mogul harvey weinstein. there has been no comment from mr price. the flags of an anti—islamic state militia have been flying over raqqa, after it retook the syrian city from the jihadists following four months of heavy fighting. the us says there are around 100 militants still in the city. the us author george saunders has won this year's man booker prize, a british literary award. he won for his first full novel, lincoln in the bardo, which follows the us president's grief over the death of his son. now it is time for world business report. it has become the world's factory production line, but now the chinese communist party is trying to reshape the country into an economy fit for entr

the chinese communist party congress has entered its second day in beijing.and dictates the direction the country will take for the next few years. bbc‘s robin brant has been following the event, and joins us now live from tiananmen square. it is not as rainy as it was yesterday. what did you make of the first day? it was hugely significant for the communist party, for the leader, president xijinping. he spoke for three bona fide hours, looking back at work and promises in the first term. —— three and a half hours. he also promised what was to come. this is a man who at the heart of his talk yesterday spoke of china becoming a great socialist nation and taking centre stage in the world by the time you get to 2050. 2050 is key because it is just after china in its current incarnation with the government in charge passes 100 yea rs. government in charge passes 100 years. a big smile from xijinping. you don't see that much. he was confident. 0n the economy, interesting, a lot of talk about a more decisive role for market forces. radical reforms that will target

sure that those companies will be taking a close this into statements coming out of the chinese communist party congress right now and so too is australia because china is its largest export market in the past signed a free trade deal in twenty fifteen so let's take a closer look at the state of the australian economy right now what it set a world record for get this going without a recession for the last twenty six years since nine hundred ninety one the country's economy has been growing and that is largely thanks to an unparalleled boom in raw materials it has thousands of tons of minerals coal gas precious metals as well most of those again exported to china now the inclusion of australia in the trans-pacific partnership suffered a major setback when u.s. president donald trump referred to it. a potential disaster he withdrew his country from the negotiations and as a result australia's economic ties with the e.u. and its largest economy germany became even more important but australia needs new stimulus for growth housing prices well they're going through the roof there and many australians are in

for the nation and some live pictures there from the chinese communist party congress in beijing where the president xi jinping is expected to be confirmed by his positions for another five years the news continues here on al-jazeera after witness saddam's forgotten films that's what's. on counting the cost china two point zero zero how president xi jinping wants to rebuild the economy with a high end robotics look at why hydro economics is causing tension along the river nile plus the u.k. see you divorce is breaks it failing counting the cost at this time on al-jazeera. the. last year the country. if you brooke. well you that all of that i know that you guys and i know you're here but let me work hard if you're in charge. here. since nineteen sixty nine i've been working with the sudan william production but now i'm working in the cars. i remember my friend i will go with the two people and their man the guardians of the archives. where are these freedoms and i have better feeling better bear out all of us human. being in danger of not. and i plan b. as a madman i don't yes and so no

the top stories this hour: it's the second day of the chinese communist party congress after it was openedn of china's role in the world. president trump is embroiled in new controversy after a congresswoman says he made insensitive comments during a phone call to the widow of a soldier killed in action. an estimated four million people in the uk are said to be in financial difficulty, according to the city watchdog, the financial conduct authority. the fca's latest survey found a range of concerns, from difficulties meeting mortgage payments to a reliance on credit cards. 0ur economics editor kamal ahmed reports. meet helena ventham, working as a part—time teacher in london, struggling, like many millions, of people to make ends meet. we've been living in shepherds bush since last september and even within that time frame it's become more difficult to pay the rent. we live in a two bed flat and i think probably a couple of years ago that would have been quite affordable for us. my partner has a good job in the city, in it, and i'm a working mum part—time. we're going to move out of london

the weekend features the 19th -- week ahead features the 19th chinese communist party congress. country's most important political events that only occurs twice a decade. this is "bloomberg: real yield." ♪ ♪ lisa: i'm lisa abramowicz. this is "bloomberg: real yield." time for the final spread. chair janet yellen takes part of a group of 30 international banking seminar. catalonia faces a deadline regarding its independence. greek prime minister alexis tsipras visits the white house. morgan stanley and goldman sachs report earnings, and china holds its 19th communist party congress, the country's most important political event. still with us is michael cloherty, bonnie wongtrakool, and scott kimball. i want to talk more about what you were talking about, bonnie, with respect to shifting away from high-yield credit in the u.s. and moving more to emerging markets. how are you doing that? i noticed that recently, an increasing number of firms are putting more money into local currency, emerging markets debt, and away from dollar-denominated emerging-market debt. is that what you are

communist party congress gets under way in beijing — with president xijinping setting out its priorities for the next five years. staying with that story... china's president xijinping is still speaking at the chinese washington and isaac stone fish — an international affairs journalist and a senior fellow at the asia society. thank you forjoining us. from what we have heard so far, an upbeat assessment of the last five years. we have heard so far, an upbeat assessment of the last five yearslj think xijinping is assessment of the last five yearslj think xi jinping is taking credit for the advances china has made over the last five years. a reduction in poverty and a much bigger international footprint. one poverty and a much bigger internationalfootprint. one phrase that struck me was democracy had been advanced. do you think everyone will agree with that assessment?” think very few people will agree with that assessment. i think the chinese communist party likes to pay lip service to the idea of democracy because it gives them a cover for their more authoritarian behaviour and because in some ways it confuses people into thinking that he, maybe they were wrong. maybe because xi jinping said that,

it is the second day of the 19th chinese communist party congress, and i want to bring you an articleery catchy headline. as the guardian puts it, let me bring this over. i asked our correspondent why this is such a big deal. it is a big gear, the first time since the previously do —— since the previous leader, that the leader has lent his name to a political thought, and this reinforces the dominance of xi jinping as the head of the chinese communist party and also it is not surprising because we know that since he came to power in 2012 he has been consolidating his base in the chinese communist party and in society, and it reinforces his dominance. what about his dominance? people think about the economy, so how is this tied in with the chinese economy? it is very important to the chinese economy, in the sense it is a message to the domestic audience that the party is in charge of the economy, and we know that ordinary chinese people don't care about having a better life ash people care about having a better life, so the party has got to deliver. but his name will still be in the co

asian newspapers are continuing with their extensive coverage of the second day of the chinese communist party congresspost looks at some of president xi jinping's close allies who could be about to get a top job. the china daily also unsurprisingly is almost completely absorbed by the congress in beijing. this story is dedicated to the fight against corruption among the party ranks. "corrupt up—and—comers can't hide" reads the title. the japan times instead quotes the remarks of us secretary of state rex tillerson on india and china. the article says this. the us vowed to work with india in preference to china over the next century. and finally, the international new york times opens with a picture from raqqa, the syrian city that's liberated by isis. but the paper says the terror group is still not vanquished and might go back to guerrilla warfare. now, babita, what story is sparking discussions online? it's the moment when three of europe's leading politicians decided to make their conversation a little less public. this is brussels, and the eu summit in the centre is the british prime minister ther

our top stories: it's the second day of the chinese communist party congress after it was opened by president world. president trump is embroiled in new controversy after a congresswoman says he made insensitive comments during a phone call to the widow of a soldier killed in action. canada's ca nada's unofficial poet canada's unofficial poet laureate, gord downey, has died, and the canadian prime minister paid tribute to him. 0ne story dominates the morning's editions of the papers, china's national congress. the china daily focuses on all the new things president xi jinping says he'll bring to the government during his marathon speech at the party congress in beijing. the papers quotes some of the points the president promoted including, new eras, new thoughts, new contradictions, and new goals. the south china morning post is filled with the congress too with this headline president xi has mapped out a "confident vision" of china's rise as a "global power" by 2050. the japan times is a little more restrained, calling the president's plan a "road map" for his country. the new york times isn

the chinese communist party congress has entered its second day in beijing.s held once every five years and dictates the direction the country will take for the next few years. the bbc‘s robin brant has been following the congress and joins us now live from tienanmen square. robin, what should we expect from day to? far less pomp and ceremony, we don't get yesterday's bit of epic theatre really when xi jingping, the general secretary of china's commonest party, was on his bid for some 3.5 hours, delivering a mammoth speech that looked back to some of the pledges and promises he made in his first five years, but more importantly looked ahead to the next five years and there's no question he will be anointed at the end of this meeting and will continue to lead china for a further five years. he had a huge smile on his face when he walked away from the rostrum and put down his notes, not very often do we get to see xi jingping with a big natural smile on his face but clearly he felt happy and pleased with what was a confident, strident address from a man who bel

every five years, the chinese communist party congress starts, it started today.des are preparing for a 12 day trip to fight asian nations including china. let's go to our correspondent in washington. interesting timing. what will this mean for us china relations? very interesting timing, i would agree. we asked the state department here whether this was aimed at the communist party congress, and a senior official said no, it's not related at all to congress. mr tillerson is about to head off on a trip to south asia, mr trump has an announced a new asia policy but that was about afghanistan as well as the wider region, he wants to lay out his vision for how a relationship would develop with india over the next century. he said it would be an important strategic relationship based on shared values. there was a clear regional element that brought in china, as you heard. the subtitle to the speech was, a foundation for a free and open indo pacific. mr tillerson said india could be an important anchor of this free and open indo pacific, he also specifically criticise

many newspapers here in asia carry headlines on the reaction to last week's chinese communist party congress plentiful praise from around europe to xi, and what it calls china's development road map. the south china morning post looks closer to home, and picks up on the response to president xi's directive to assert beijing's jurisdiction over hong kong. many fear this would undermine the city's autonomy, but the front page quotes the city's justice secretary downplaying concerns. the japan times breaks the trend and uses its front page to talk about president trump's visit to japan and meeting with prime minister abe next month. the article says the two are unlikely to talk about a new free trade deal, but instead will present a united front in the face of the north korean nuclear threat. a year of official mourning for thailand's late king has drawn to a close, after a lavish five—day funeral embroidered with pageantry and religious ritual. 0n the last day, king bhumibol‘s son and heir transported his father's ashes to two bangkok temples where they will be housed. jonathan head reports. t

markets also keeping an eye on the chinese communist party congress — and any talk of the economy afterof of concerns about soaring corporate debt levels. in europe, it's deadline day for catalonia — if the catalan president doesn't drop the bid for independence, it could force the spanish prime minister to trigger a part of the spanish constitution to seize direct control of the barcelona parliament. that is interesting and matt our nerve investors. and as we've discussed — there's that little matter of brexit talks that resume today in brussels. more on that in a moment, but first samira has the details about what's ahead on wall street today. on thursday, the us president donald trump will meet with the chair of the federal reserve, janet yellen. her term expires in february. mr trump has a pool of five candidates to choose from for the next fed chair, and he may announce his choice as soon as november, before departing for a trip to asia. in earnings news, verizon communications will be reporting, and its expected to show an increase to revenue for the third quarter. the number one

developments at the chinese communist party national congress are suggesting that president xi jinping'son power will be cemented after having guiding principles. xi promoted a modern vision of socialism that he says will lead china into a new era.

and french forces are present now the last day of the chinese communist party congress is now underway in beijing shipping is expected to be confirmed as china's president for another five years members chosen to the body that approves all party decisions will also be unveiled at the end of the summit thomas joins us live now from chatham and square in beijing andrew just bring us up to date then with what's been happening inside the congress hall. well just in the last hour the two big developments of the compress neither unexpected but nonetheless they have happened first of all the central committee the four hundred members of the communist party who rule the country that from their number twenty five minute chosen all men and women are chosen to become members of the politburo won't know who they are until wednesday with the four hundred members they have been elected in the last hour appointed really and as expected the vast overwhelming majority of them are therm she supporters he has really used this congress the stampede of authority on the party in the grand hold the people be

for the nation and some live pictures there from the chinese communist party congress in beijing wherehe president xi jinping is expected to be confirmed by his positions for another five years the news continues here on al-jazeera after witness saddam's forgotten films that's going. on counting the cost china two point zero zero how president xi jinping wants to reboot the economy with a high end robotics look at why hydro economics is causing tension along the river nile plus the u.k. see you divorce is breaks it failing counting the cost at this time.

chinese leaders begin a third day of the chinese communist party congress.ping is to push ahead with the reformation of china. our china correspondent joins us from beijing. that censorship is going to get worse? that is the sense. you listen to president speed -- president xi jinping speech, he wanted to see stricter controls, better removal -- sohe how you square that innovative society with this clampdown on censorship is something that will have to be answered in the next few years. , this is ations pervasive and sophisticated censorship regime created over the last five years. it's not just google, facebook, instagram blocked here. you have tech companies that are arm twisted into acting on behalf of the state, having to systems to weed out content that does not please the party. in the second quarter of the year, 4000 websites have been shut down. blocked.e been this is a sophisticated approach pushed by president xi in the first five years. it is less of an internet and more of an intranet. great it feels like the firewall is getting higher and the li

where lesson about 15 minutes from the opening of the chinese communist pa rty‘s the opening of the chinese communist party's people's congress bbc sport centre. coming up on this programme... in match three of the euopean champions league real madrid and tottenham play out an enthralling 1—1 draw at the bernabeu. saudia arabia's al hilal are through to the asian champions league final after a 6—2 aggregate victory over persepolis. and 48 hours after winning herfirst tournament in over two years, maria sharapova is knocked out in the opening round of moscow's kremlin cup. hello and welcome to the programme where we start with the champions league news that real madrid and tottenham have played out a 1—1 draw at the bernabeu in spain, meaning they remain first and second respectively in group h. the defending champions had the better of the chances early on but it was a raphael varane own goal from a deflected harry kane effort in the 28th minute which saw spurs take a lead on a night where both goalkeepers were fully tested but the scores were level when cristiano ronaldo converted a penalty minutes before the half time inter

for prices in terms of policies i guess it's going to be interesting to hear what the chinese congress communist party congress will have to say about foreign investments remember last year were reported about chinese companies taking over companies of broad for more than two hundred twenty billion dollars this year this amount is much much lower kind of that it was in first in a frank good to to talk. and i will amrita now for look as an important part of germany's post war history that's right helena forty years ago today germans were shaken by the news of the murder of a prominent industrialist hans martin he had been killed by the new tourists left wing baader meinhof gang the moderates lie after the hijacking of a live tons of passenger plane when drunk the hijacking was an attempt to force the release of some of their members from prison today germany's president held a speech to mark the anniversary of the larder more on that in just a moment but first a look at how the dramatic events of the time unfolded. in october one nine hundred seventy seven homegrown terrorists west germany. the red arm

for prices in terms of policies i guess it's going to be interesting to hear what the chinese congress communist party congress will have to say about foreign investments remember last year were reported about chinese companies taking over companies of broad for more than two hundred twenty billion dollars this year this amount is much much lower kind of that it was in first in a frank good to to talk. meanwhile the u.s. administration does not consider china a currency manipulator off to fight previous accusations in a report published by the us treasury states that no countries meet all three criteria necessary to be given that label china however will remain on a monitoring list now previously you'll no doubt remember u.s. president donald trump have accused the beijing government of lowering the yuan's value to improve its foreign trade allowing it allowing it to offer cheaper goods on global markets but president trump is set to visit china for the first time in november. there he has your sports news now in a bit of a on the well midnight in europe a vocal that's right so it doesn't champions le

communist party congress rolls on in china, some investors remain cautious about the chinese economy.s congress been more focused on solidifying president she's power rather than pursuing the essential report -- reform? in, how shouldop investors be reacting? let's bring in patrick, chief strategist at silver crest asset management. it's an interesting point about this. is very their tone triumphant about what they have seen in the last five years. hollow triumph, why? reforms that the described as being overdue and critical to put china on a sustainable path forward. hardly any of them have taken place. every year that on by, the word has been wait until the next meeting. after xi consolidates more power, he will be able to do that. this time around, you don't even hear that. you hear that china has a different model, socialism with chinese characteristics, and full speed ahead. at the same time, those troubles are the underlying imbalances in the chinese economy. julia: can i say we've seen them trying to achieve financial liberalization, then they had to wave that control. can we m

the weekend features the 19th chinese communist party congress.ntry's most important political event only occurs twice a decade. this is bloomberg real yield. ♪ ♪ lisa: i'm lisa abramowicz. this is "bloomberg real yield." time for the final spread. fed chair janet yellen takes part of a group of 30 international banking seminar. catalonia faces a deadline regarding its independence. greek prime minister alexis tsipras visits the white house. goldman sachs reports earnings, and china holds is 19 party congress, the country's most important political event. still with us is michael cloherty, bonnie wongtrakool, and scott kimball. i want to talk more about what you are talking about with respect to shifting away from high-yield credit in the u.s. moving more to emerging markets. how are you doing that? recently, an increasing number of firms are putting more money into local currency, debt, and away from dollar-denominated emerging-market debt. is that what you're doing, as well? bonnie: so emerging markets, we did start to move into that earlier at

all eyes are on the chinese communist party congress, the expectation is that xi jinping will consolidateext leaders will be chosen. what are expectations for what the outcome will be on china's tech sector? jenny: it is a congress we are paying close attention to. from a technology perspective we look at broad trends. is there definite support for state-owned companies versus private enterprise? that is one. we are also looking at policies regarding censorship on social networks, which is also a bear -- is also a big area. along with, more supporting measures for policies or subsidies around the electric car area, transportation, another growth area in china. is there more support for autonomous? we're also looking for other trends around the ai trend. in china we call it ai plus. the government is intricately involved in growing these new areas. selina: bloomberg news recently reported the government is considering a 1% stake in some of these big internet companies. what would that mean for the growth trajectory of alibaba or tencent? jenny: this is not new. a lot of the large companies

the chinese communist party congress gets underway tomorrow and leaders in beijing will grapple withconomic growth, structural reforms, and so on. double investors eager to see how china will deal with the linning corporate debt. with more, let's bring in john tan, head of financial markets for greater china and north asia, based out of hong kong. john: good morning. vonnie: we had a little bit of a preview at the weekend when the central bank governors -- the first time the china pboc says there was a little bit of worry about the amount of leverage in china and the amount of debt. will that come up this week? john: i think this party congress may need to consolidate power by appointing more presidencies and key leading positions. what that means is that it would be more efficient for him to execute his policy. also, he might start to do more difficult reform in the next five years such as the property tax reform, the land reform appeared overall in terms of economic policies he will maintain its stable. we could look at a few areas. , i think china will finish the year around 6.8%

out his vision for his china at the start of a communist party congress he says his dream is to turn china into a global superpower. offer more on the chinese meeting that is taking place the chinese communist party congress would join here in the studio by dr. she's from the think tank the european council on foreign relations thanks so much for being with us this morning angela now some analysts are saying that she jingping is now the world's most powerful leader do you share that assessment not quiet i would probably call him the most powerful leader i don't believe. he's president of the united states but also. i think the rationale behind the that analysis that president she is now the most powerful leader is that the u.s. is withdrawing from the world stage to some degree that president trump in the u.s. is pursuing a more isolationist policy while can while china continues to expand its global influence how is an emboldened china projecting its power internationally. regionally and internationally i would say regionally we see it in particular because often china's interests in. the east china sea its territorial interests and also i

the chinese communist party's national congress is roaring to a close.y'd dig talking point, the economy. jamie is here with all the business news. today does mark the last out that five yearly congress in china. it will almost certainly hand president xijinping a second will almost certainly hand president xi jinping a second five—year term. he may even have his name inscribed on the party's constitution, placing him alongside mao in a pentium. —— in the pantheon. and america is ramping up pressure on china. president trump has a forthcoming trip to asia next week and says he will press china to seize what the white house calls are the true trade practices. —— predatory trade. they wa nt to practices. —— predatory trade. they want to address the problem of china's trade barriers. so far this year the us has imported goods worth over 300 early in dollars from china, but only exported $80 billion worth back. that is a deficit of about $240 billion. here is the question, will china be in any mood to listen? the other story worth following this morning is t

and the chinese communist party congress is about to get under way. every five years we get one.urbulent fast moving start to the week, weather—wise, we've slowed the pace down a little bit. certainly for a couple of days. that's how it looks in dumbarton through the day. some sunshine emerging but slowly but surely, clouds invaded a good part of the south—west of england. you can see the way this lump of cloud worked its way into southern areas and as its way into southern areas and as it continued spreading slowly north through the night, you will see increasingly murky conditions across the far south, some rain moving north as well, maybe some heavy bursts in the midlands and east anglia. a lot of cloud over central and southern scotland. some clear whether, northern ireland and england, the odd fog patch and the far north of scotland. under clear skies a cold start on wednesday. more cloud for the likes of edinburgh and glasgow, a milder starred as a result. some fog patches in northern ireland but things will brighten up and a bright start across northern england but again c

yesterday — at the chinese communist party congress — president xi consolidated his position as headmittee who will govern alongside him was unveiled, there was no obvious successor among them. here's our china correspondentjohn sudworth. a packed hall waits for the results of the mysterious and secretive process at the heart of one of the world's powerful states. now pleasejoin me in a warm applause to greet the general secretary and other political bureau standing committee members. and then, out they come. the only certainty — the man at the front. but behind president xi are the handful of men who are to rule china for the next five years. it is a well—established tradition, but this time something is missing. among the faces of seasoned career bureaucrats, there is no obvious young leader—in—waiting. let us warmly welcome general secretary xi jinping. .. this break with precedent will fuel speculation over whether he intends to break another — the two—term limit for chinese leaders. the press conference, if it can be called that, was notable for another reason — a number of majo

angle on that the chinese communist party congress now thing is at it again painting a beautiful picture of china which few outsiders recognize and certainly business terms in his opening speech on wednesday he promised to protect the rights of foreign investors saying all businesses would be treated equally but so far foreign firms in china complain of only realistic bureaucratic hurdles and say chinese subsidies give domestic companies the upper hand. foreign companies inside china prize their secure data connections with their headquarters that way they can keep sensitive information within the firm but now china is said to ban the technology that makes this easier many see it as yet another obstacle to doing business in china. i'm calling is a german company that provides data system consultancy to foreign firms with operations in china. the beijing government is now planning to block access to virtual private networks all v.p.n. . encrypted connections that tunnel data traffic to a proxy server. v.p.n. sconce just a few euros and it become a critical tool for secure communication be

party officials meet next week for chinese communist party congress.eeks before the congress bank is reserving requirements and hopes of aiding or supporting growth. hayden briscoe, head of fixed income, china may be experiencing a slowdown. he joins us now in new york. great to have you on the show. being aabout this as craziness similar to the election of 2016 in the united states. president xi is expected to carry on. what will it mean in terms of change as far as investors looking at china? when we look at china, we look at politics, politics, and politics. this is an important time. when he got into power in 2013, he did not get to pick his own party. he has been fighting this economy with one arm tied behind his back. he now has both arms which is great. he gets to pick the people that are in the party. that was more than 50% of his party that were not his own. -- his own people. what does this mean for markets? we think there will be high resolve to deleverage the economy. he wants to do that early in his new five-year plan. you can see this hap

congress for china's communist party. comrades, i now make this report on behalf of the 18th national people's congress to you, the chinesehosting this 19th national people's congress, is when we are in a critical time, when we are building the society for the well—being. this is very important congress at this very critical time. the theme of this congress is we need to remember our mission to highley raised the socialist flag and to build a well—being society. to have a great achievement in this modern time, and to realise our chinese dream, we will strive for other. —— for ever. the nation and the task for the chinese communist party is to help to improve the life of the people, and also to advance the growth of our society. this has encouraged the chinese communist party to strive forward. party members should always share our fate with the people, always keep the better life for the people in mind. we need to take the stance that we will always strive forward. to advance toward the goal of regionalisation of the great china. at the moment, the domestic and international situations are changing every day. we are still

will get the take on the chinese communist party congress that did wrap up.r conversation with of asian economics research. xi jinping consolidating his power. he did not name a successor during the politburo meeting. we will see market reaction. this is bloomberg. ♪ yvonne: we are live. im yvonne mann. stock set to, extend to asia after wall street fell the most in seven weeks. keeping investors on the edge. the race for the fed. thinks gary cohn has no chance. is just after 8:00 p.m. on wednesday. president trump congratulating his chinese counterpart saying they enjoy a good relationship. the atmosphere is electric at the tokyo motor show. a scandal that has punished the native japan brand. -- tarnished the native japan brand. yvonne: not seeing any tarnish in the markets. it seems to be filtering through in asia as well. he got the mix earnings that have been a little bit confusing for investors. looking ahead to these catalysts, who will be the next fed chair? catalysts.e are earnings will continue to be catalysts as well. yesterday, they were propelled

chinese officials are praising president xi's political vision following his opening speech at the party congress, he will be enshrining a new ideology into the party's constitution >> day three of the chinese communist party's 19th congress, and outgoing central banker raising a lot of eyebrows and making markets sit up and pay attention with comments warning about the high level of corporate debt in china, the high level of household debt in china and what alan greenspan several years ago would have described as irrational exuberance, overconfidence leading to a minsky moment when asset bubbles pop. it could be in the chinese stock market or in the chinese property market, but commenting that china will do its utmost to make sure that does not happen these comments from him as the outgoing chief are important these are part of an exit interview, as it will were he is seen as a reformer and xi is suggesting a much more active hand of the state in the economy, and in markets. part of his bid to consolidate power and control over china he's considered the most powerful leader china's seen in more than 40 years, some people describe him as a dictator we had a chance to talk to max baucus, the democrati

they are reporting that there will be a new prime minister >> it is day six of the chinese communist party's 19th congress. tomorrow will be the closing ceremony, the day after, wednesday. the press conference when the seven men will stride on stage and we will know who is going to be leading china, this massive country, 1.4 billion people for at least the next five years this is important why? because it's an indication of whether or not xi jinping is going to be able to consolidate even more power, whether or not he's going to be able to stack the politburo committee. what do we know? the morning post, which is owned by alibaba and jack ma, is usually pretty clued in. their latest take is of the seven, two are a lock. xi jinping is one of them, obviously. and then there's one other name. li john -- zhanshu is xi jinping's right hand man this is his bff. then han zheng is considered obligatory because of the standing with the commercial and financial center it's almost a foregone conclusion that someone from the party boss will be in that seven man politburo standing committee. following that, zhao leji.

opening up chinese president xi jinping kicks off the communist party congress trying to convince investors his economy will become more open to the world. doubling down at the same time beijing threatens to make the great firewall of china even more impenetrable cracking down on b.p. ends. and turning the page on a greek tragedy after years of economic hardship leaders promise growth is said to return. bed physical and let's do business investors call it promise fatigue they want action from china the leader of the world's second biggest economy has cast himself as a champion of globalization but in president she's first term he disappointed many on market reform this time he opened his week long party congress with more pledges to protect the rights and interests of foreign investors he said all businesses registered in china will be treated equally that's not how it is now and she wants to strengthen state firms foreign business groups see that as a push to foster home grown companies. and raising joins us now from singapore and conrad booze in from frankfurt and brian let's start with y

china's xi jinping has been speaking to the communist party congress. he says the chinese model of growth is working, and mapped out how the country will be modernised by 2050. but he's also tightening his grip on power. we'll analyse the bold claims being made in beijing. it is time for us to take centre stage in the world and make a greater contribution to mankind. more doubt is cast over kenya's presidential election re—run. it's supposed to happen next week, but a senior electoral commissioner has fled the country, saying she fears for her life last night we started the show with news that the islamic state group has been driven from the syrian city of raqqa. now the united nations says it's ready to go in and help those who survived. we have a report from inside the city. and we'll be live in washington where the us president in the middle of a row about what he did, or did not say to the widow of an american soldier. welcome to outside source. it's the first day of the biggest event in the chinese political calendar — the communist party congress. it's only held once

communist party congress dominates the front pages. the japan times says that the congress will allow chinese president xijinping to solidify his reign.coronation‘ forxijinping — putting him on a similar level to past leaders mao zedong and deng xiaoping. china daily‘s front page carries several articles on the congress; and the south china morning post is leading on typhoon khanun. reporting more than 550 flights have been affected, but that hong kong was spared a direct hit and emerged largely unscathed from the storm. joining me from delhi is tv journalist, barkha dutt, who says that there are lessons from the weinstein scandal for india's mighty film industry — bollywood welcome to the programme. firstly, how is this story being reported in india? like everywhere else in the world, the story of harvey weinstein has a universal resonance that it women in different professions know somebody exactly like him. when you talk about indian film industry you are talking about the largest film industry in the world so unsurprisingly this has shone in a co mforta ble unsurprisingly this has shone in a comfortable light in our backyard. acto

. >> also by the way, guys, the 19th chinese communist party congress, xi spoke overnight the sweepingn for transforming the country they say they are going to continue to open to foreign business to ensure rates become more market based. >> at the same time there were overturns -- lennonist discussions that you don't associate with the chinese, one man rule kind of. >> the question also, i believe, whether or not he's going to extend beyond is it 2022, when this current tenure is up. there's a belief that xi is setting himself up to be -- xi as one of the most significant leaders. >> he continued behind the state run enterprises but -- i was thinking those are the ones that borrow too much money and maybe that's going to be knocked and was not knocked. i know a lot of freebies you can't get. there's not a lot china -- walking around any more, they stopped that if you want to know how to play this, it's alibaba, because the long-term vision fits. the consumer will get stronger. >> even with the stock up over 100% this year, approaching a $500 billion market value -- >> yes, david. >> a

north korea is preparing to fire multiple short range rockets around the opening of the chinese communist party's congresswednesday. according to the asia business daily, south korea and the u.s. 30 rockets being most. the movements and my twin incident and march 2014 in which north korea fired 71 rockets. in northern california, 15 people have now died in a wildfires ravaging part of the regions. the blazes are likely to have a long-term impact on the states wine industry. four napa valley vineyards have been damaged. the damage may be worse in sonoma county. global news 24 hours a day powered by 2700 journalists and analysts in 120 countries. this is bloomberg. francine: now let's focus on theresa may. she risked angering brexit supporters and an interview on radio she refused to say if she would vote to leave the european union. goodg, i voted remain for reasons at the time but circumstances moved on. i looked at everything and came to a judgment and i'd do exactly the same this time around. meanwhile her deputy told channel 4, he still believes the country is better off inside the e.u. where does this

they're missing all of the big stories that the chinese communist party having their congress and. you know setting out their path for the next thirty years of how they're going to rule the world and all of you turn it into american news and what they're talking about is gossip gossip gossip and this woman's cowboy hat what's going on like none of it adds up to anything if you feel kind of nauseous and sad that they can't see that they're you know i thought it was like a gloria gaynor revival concert this woman with the purple cowboy hat who who who who like i thought maybe was like a disco revival but i think i only she's a politician somewhere and she's making bald dishes claims i don't know you know and we don't want to get into the gossip she's oh she's actually like a scientist or a doctor and then she became a congress scientologist nun and now she is actually like a very highly educated smart really talented woman and she just and i said it well but. you know some people say max wearing the same vest every day says something about him but brand awareness. branding again you