that's 72 kilometers an hour. >> translator: hitachi will deliver this elevator to china in 2016. this will be the world's fastest elevator. >> the existing record holder is a lift in a high rise in taiwan. its top speed is 60.6 kilometers an hour. hitachi engineers achieved the new speed by developing powerful motors and making the cables 30% lighter. the engineers also doubled the number of vibration control devices to keep passengers comfortable. hitachi plans to install the elevator in a high rise to be completed in the chinese city of guangzhou in 2016. the elevator can climb to the 95th floor of the building in just 43 seconds. company officials say china accounts for about 60% of the global demand for elevators. the japanese maker is competing with its overseas rifles for market share. >>> all right, that's going to do it for biz this hour. here's the markets. >>> north korean officials have criticized u.s. president barack obama's upcoming trip to asia. they're calling the visit a very dangerous move. the state-run korean central news agency sent a message from the foreign

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