could they do it in kalgoorlie? will be a more somber affair and some of the attendance expect to be lower. overall, it is fundamentally a week china story where we have seen the pmi not just on the export side looking fairly weak but on the domestic side looking fairly weak. the national energy association for china released expectations for electricity demand and the second half of this year and is usually a good proxy for industrial activity. we see a pick up in expectations. factorstrip seasonal out of the numbers, you get a small increase in demand on a year on year basis of around 3%. now, that contrast to what we have seen over the past 10 years in the double digit growth in electricity consumption and the last three years when things have been softer around 5% average. even if we strip the seasonal factors out, we do not get significant pickup in industrial activity which is from a consistent of what we are seeing across the pmi. not good news for copper and not particularly good for steel. steel producers h

we've got several thousand people coming to kalgoorlie. it is very good for kalgoorlie. most of the familiar names in mining are here there's a few notable absentees. some companies have stopped coming due to the after-hours entertainment downtown. they say the nightlife is not reflective of their values area goldman sachs has also stopped coming but won't say why. >> i think the skimpy issue is just a side issue. paul: kalgoorlie is infamous for its so-called skimpy's, the barely clothed waitresses that for the drink. i'm not allowed to film them. paul allen, bloomberg kalgoorlie. rishaad: paul allen at the diggers and dealers conference. we will be talking to him tomorrow. shery: as well as the fortis q boss. catch him at 10:00 p.m. singapore time. rishaad: an interview later on this afternoon. we are talking to the chief expected of of the athens stock exchange. shery: they open from a five-week shutdown. rishaad: trading getting underway at 10:30 a.m. athens time. that is this afternoon. shery: that's it from us here on "asia edge." ♪ >> the following is a paid -- --

why have it here in kalgoorlie?h would be more convenient. >> kalgoorie is perfect for this conference. it is probably one of the best in the world. people like to come here and visit the operations. they stay for the whole three days. it is much better here. paul: not just the delegates that make the trip will pretty much everything else. industrial kitchens, food, audiovisual and the venue is self, the largest marquee in the southern hemisphere. hotels are booked solid and many locals cash in, fleeing town and renting out their homes. i am feeling the economic impact is costing almost $200 a night , for me to stay in this caravan. >> we get about 1800 people that we have several thousand people coming to kalgoorlie. hotels, restaurants accommodations it is very good , for kalgoorlie. paul: most of the big names are here. there are a few notable absentees and some have stopped coming up a the after-hours entertainment. goldman sachs has stopped coming but has not said why. nobody wants to talk about the skimpies. >

i am rishaad salamat. ♪ rishaad: and singapore and kalgoorlie, what we are watching.low. the government said it is ready to act again. shares jumping in tokyo. strong sales in china helping. and back in business.