it has enjoyed surging sales, am am amid china's travel but it's not easy for people from mainland china to obtain tourist so what is behind this passion for traveling abroad? the various motivations of chinese tourists, reveal much about modern china. in this episode of asia insight, we follow a day in the business of shanghai's most popular travel agency. in the cold of january, preparations are underway for the chinese new year this is shanghai's most popular shopping district. and this is a branch of spring tour. a staff meeting before the shop opens. sales strategies being discussed, because the chinese new year holiday is one of the most profitable seasons of the year. it's 9:00 a.m., and the doors open for this customer looks as if he has been waiting for the shop to open. and here is the next customer. this man runs a construction materials company. but times are hard due to a slow down in the real estate industry. in 1997, china lifted the ban on overseas group trips, but this family did not have the time or money to go on holiday, until they the trip to the united states will c

correspondent: across hong kong it is common to see visitors from mainland china splashing shops. s richest people, including the leaders, are taking their money out of the country to spend elsewhere. they are doing themselves, but making china more vulnerable. bbc news hong kong. first first -- katty: iceland, then china. the fallout from the panama papers. the former bosnian leader described his conviction for crimes against humanity's in the 1990's as "monstrous." in his first court appearance after being sentenced for 40 years, he insisted he was innocent and urged to be released to prepare an appeal. former french far right leader john marine le pen has been gas chambers. it is the second time he has fallen of fell on the laws of holocaust denial. he was also charged for saying the nazi occupation of france was not particularly inhumane. the drug company pfizer has abandoned a takeover of a foreign company after the u.s. treasury close a loophole for tax avoidance. they wanted to merge with allergan in ireland. that would mean that pfizer could be resident there and pay 12.5%

i once covered from hong kong, mainland china, for the never felt ai major threat but it was an openecret that we were assigned translators and drivers and when we went to the mainland, we were followed and our phones were tapped. -- it was almost a subject to an use ourselves. melinda: you mentioned something else which is relevant. you briefly touched on self-censorship. it is important to keep in mind that government censorship, authoritarian regimes is the traditional threat that we are all looking out for but there are other forms very self censorship. an example from when i was in hong kong. the big controversy there was not just over hong kong government being part of china, but the hong kong government was not trying to censor any press. some of the press organs were who wanted tons ingratiate themselves with beijing. you can have private sector self-censorship. it is been an issue in britain with the murdoch press. there are other elements. can sometimes come from other sources other than the government. melinda: let us take a closer look at that aspect -- the different form

the biggest spenders were people from mainland china. >>> japanese apartment owners are facing a vacancy problem with one in five rooms on average empty. they're innovating and relaxing a decades-old rule allowing tenants to make improvement on their own. here are what do-it-yourself rentals look like. >> this salary manager in tokyo, a so-called diy friendly apartment. he has decorated the walls to his own unique taste. >> translator: the motive of my painting is a water site in the woods. i also built a shelf to put potted plants on. >> the rent is roughly average for the neighborhood. but tenants can paint the walls or drive pins into them. >> translator: i wanted to have the freedom to change the interior of my apartment. >> reporter: the owner of the apartment is a major renter. last year it leased about 25,000 diy apartments. >> translator: we hope that people feel attached to the apartments they have renovated and live there for a long time. >> reporter: old homes are also being leased out as diy-friendly properties. this 46-year-old home was vacant for about half a year. the owne

after thousands of protesters joined a civil disobedience movement demanding full democracy from mainland china. years exposed the fear of hong kong people. this moment, 10 years also provided hong kong's people and us a chance to show that we have no fear. describedm has been in a state-controlled newspaper as absurd and pessimistic. me what beijing thinks about us, i would say it doesn't really matter. the movie was made for people in hong kong. we are open to anyone whether they like the film or not. >> after the award ceremony, some news media sites in the mainland, did not mention the best picture. genie: and the infamous panama papers. an anonymous source released 11.5 million documents that point to accounts and a lot of big names are linked to those accounts. for more, we bring in stephen carroll. these records all relate to a company called mossack fonseca. firm's a panama-based law founded 40 years ago. it has staff in 42 countries around the world. it's the world's fourth biggest provider of offshore services. that means creating companies for clients in tax havens. the foundation ha

meanwhile a high pressure system is dominating much of mainland china across the korean peninsula bringing sunny conditions. in seoul the cherry blossoms started to come out on saturday. real spring has come. rain makers pushing away from japan. it will be a dry day across many parts of japan on tuesday. the high will be 16 degrees in tokyo, plenty of sunshine in seoul once again about 20 for the high and exceptionally warm in beijing. 24 for the high. down towards the south, hot att 27 degrees and foggy in bangkok with 35 degrees on tuesday. heavy rain has been causing severe flash floods across fiji. 419, 17-millimeter of rain has fallen and western portions and the capital city had 3500. it's much more than the monthly rarainfall for this time of yea. though more rain is expected, this low pressure system which used to be a tropical depression is pulling away b but another system wil likely movove intoo fiji once again. so morore heavy rain expected. if youou remember, in february cyclone affected fiji andnd caud lots of heavy raininfall. people there arere still dealin with recovery op

and twice visiting mainland china where he posed for a picture in tiananmen square.reamt about coming to america, the promised land. i grew up believing that all the roads in america lead to disneyland. lin has been in custody for eight months. u.s. military deciding whether to proceed a court martial. they are taking this case very seriously. >> former terrorist commanders who defected from isis, we have a special exclusive report. nick paton walsh reports from afghanistan. >> reporter: looking for isis, in afghanistan's east signatubr hate. it was there three days ago and gone again says one man. they were talking nonsense says another. they are asking people to pledge allegiance and march on kabul he adds. this is one broadcast they recorded earlier. isis is trying to put down roots here. but every day more afghans want to tear them up. that starts here. two months ago we wouldn't have sat like this. >> translator: they just like to say it's good to do. >> reporter: isis they say came from pakistan and iraq and promised guns and money to their struggling group tal

not name any country, but investigators believe he was passing classified information to both mainland china and the island of taiwan. that would amount to playing both sides of the street sincede china is increasingly an adversary. lin was born in taiwan but left at the age of 14, speaking only chinese. he became a u.s. citizen and enlisted in the navy, training to serve aboard nuclear-powered submarines. but then he switched specialties to become a naval flight officer on a reconnaissance squadron. throughout his career he had access to sensitive information, one officer said. the navy showcased him as a "coming to america" success story, and he once told an audience, "i grew up believing that all the roads in america lead to disneyland." instead they led to navy brig in virginia where he is being held until the navy decides whether it has enough evidence to court-martial him. if convicted, scott, the maximum penalty is death. >> pelley: david martin reporting from the pentagon. david, thank you. a new poll out today shows donald trump with a huge lead, leading into next week's new york pr

but mainland china will be better. we are looking at growth coming out of europe.r growth in japan because the yen strength little bit. situationflation there. but overall, second half will be better because there will not be any more shocks to the system. thoseise we would expect to be back on track. anna: i cannot let you leave without asking about this chart on the bloomberg. gilles i know you will like this. how many risks do billionaires have anyway? title,atches, in the this goes back to 2011. and it tells a really fascinating story. what is a telling me, apart from watches,of smart things are not gotten better. this recent period, very glimmer for the swiss watchmaker. the worsening situation, how many risks do a millionaires have? four. anna: really>? ? that is why we bring in deborah giftn, senior luxury analyst for bloomberg intelligence. lynch, thankerrill you for joining us this point. good to have you on the program. we will talk more about brexit, brexit intervention, as obama backs the event. we speak to one campaigner who says the mood is desperatio

years the fast food chain plans on adding more than 1,000 franchise-owned restaurants in its mainland china market and additional locations in hong kong and south korea. mcdonald's currently has more than 2,000 company-owned restaurants in asia. shares fell a fraction to 125.68. >>> chipotle apparently wants to get into the burger business. the fast food burrito chain said it filed an application to trademark the name "better burger." the company says the move into making burgers is a growth seed idea. shares sprouted 1%. >>> the fitness tracking company fitbit has shipped 2 million units of its latest devices which were launched just this month surpassing company sales expectations. that news sent shares higher. fitbit spiking 13% to 15.15. >>> movato is raising its quarterly dividend by 18% to 13 cents a share, lashlging a $15 million buy-back program. however shares fell on weak earnings guidance for the year. movato ticked 9% lower at 27.53. >>> consumer spending makes up two-thirds of economic activity in the united states and despite questions about the lower-end consumer, the higher-

they forced him onto a plane bound for the mainland. chinaounced plans to become a superpower in world football by 2050. having 50 million children and adults regularly playing the game but into the decade. rishaad: on average travelers returning have about $285 a year in unused foreign-currency. that is about $80 in lost loose change. but there's an opportunity there. atm like kiosks at international airports where you can convert this money into digital currency. how does it work? you are stuck with thousands of coins in your pockets. you can choose your preferred language and pick the accounts the want to transfer the money to. it could be anything, skype account. you put in your money and it is simple as that. my previous job was to travel a lot. i traveled from tel aviv to new york and back. got stuck with thousands of coins in my pocket. i realized that i'm holding 15 to $20 in coins. we think about being a passenger every year events of two a lot of money. i came up the idea of creating this kind of reverse atm kiosk and send the balan

. >> when you look at some of these companies, the noodle maker very popular in mainland china.is part of the company name. 45% of the market capitalization of the hang seng index is listed in the cayman islands in bermuda. that there are big companies, some controlled by the chinese state, one of these offshore companies. rishaad: isn't this common practice elsewhere in the world? it is common, but not on the scale. 45% of the market capitalization of the hang seng. , companies there -- they are the messiah in domiciled in- are switzerland. 30 are not offshore. strait times index, four companies registered offshore. one of them is hong kong land. rishaad: the question then begs itself, which is why hong kong is so overrepresented. >> good point. there is one direct reason. the stamp duty on share transactions, and at the margin that is pretty small, but it does make the cost of raising capital through share transactions higher. the other point is a more general one. look at the $1 trillion in capital flow out of china last year, the capital flight from someonend think about pas

they passed that law that all content has to be stored on servers based in mainland china. a result of that they then had to shut down their ibooks and i -- in kind. but if they can't get china right from the beginning. >> and i think the demand side in china as well. concerns the market is saturated but also the competition, the lower end models. we've got mark holton coming up. i want to ask him. is cheap now? >> and -- >> i know. maybe when everybody else sells is the time to get in. >> what are you do? e-mail the show. "street signs" europe @cnbc.com. the show is on twitter. @streetsignscnbc. >>> coming up on the show. weak oil, weak ruble yet high inflation. will the central bank will standing pat on rates? we've got the central bank decision later today. we discussion russia and the central bank in a bit. you're watching "street signs." lovely friday. see you after the break. >>> good morning. and welcome back to "street signs." we want to bring you some comments coming from the swiss national bank chief. they continue to be in focus throughout the week. once again we

is the first in mainland china and is three times the size of hong kong disneyland.us a sense of what disney wants to get out of this park. >> they consider it as important as opening up orlando, this is a big deal for them and is a play on the growing, burgeoning middle class in china, increasing disposable income, a greater trend toward commercialism and consumerism and disney has been there with its films in the past but not with its parts or resorts which have historically been a fantastic business for disney. if you want to argue the statistics, the resort business is better in disney and they are certainly a world leader. , ande door is wide open really surprising move, we had this competing off a group of rivals led by china's insurance, pulling their bids -- >> it's very vague considering as to why they dropped out. >>. a lot of details. various market conditions which could mean anything, but they have been working with jc flowers and -- on this deal and the deal was a were offering , but we havee heard from the founder and in an e-mail, she wrote the reason

anyone in hong kong, mainland china or taiwan or elsewhere. this is pure power in an object.at thinking that is ingrained in china. particularly relevant to a collector or any liveperson. interest anyone interested in power and with the means to buy it. chairmanheby's nicholas chow. travel watches, dining and of course property. pursuitsgo. we will follow all of the action heading for close. we look at wide talks collapsed between french telecom companies. the european close is next. ♪ betty: 11:00 a.m. in new york and 11:00 p.m. in hong kong. i'm betty liu. mark: live from london, i mark barton. you're watching the european close on bloomberg markets. we will take you from new york to london to paris in the next hour. here's what we are watching. stocks remain higher in europe. the stoxx 600 rebounding from the lowest level since february sixth. still not finding too much of a direction area gains in health care shares upsetting decline among consumer companies. betty: alaska airlines beating out jetblue to buy virgin america for $2.6 billion. latest in a wave of consolidati

these pictures from the emperor's home city in mainland china.e from inside china and around the world came together for that brig celebration. >>> we thank you for being with us this hour. i'm hogeorge howell in atlanta. for viewers in the united states, "new day" is next. for others around the world, "the best of quest" starts in a moment. thank you for watching cnn. the world's news leader. courtyard, the official hotel of the nfl, and i got together to remind you that no one's the same without the game... like @sirloinking who writes, "just came home with $85 worth of groceries with names like, goats beard, pawpaw and that vile weed kale. what happened?" well, a lack of football is what happened. breathe. soon, you'll be enjoying a big 'ol brat at a tailgate and kale smoothies will be but a memory. next time you order kale, try using a silent "k". tastes so much better. the call just came in. she's about to arrive. and with her, a flood of potential patients. a deluge of digital records. x-rays, mris. all on account...of penelope. but with th

mainland china equities. we have had a pretty good run since february. exhaustion associated with that rally is now setting in. because there is a sense that the economic numbers may not be as good as perhaps the data is making them out to be. so some issues there with the longevity of the recovery that we are seeing in the ppi. stabilization. let's get forget this is a company still saddled with a lot of bad debt and going a drag on growth for the future. picture there is of the mitsubishi press conference just starting now so you may want to bring the viewers up to speed. more developments when we get them. >> absolutely right. we have got some announcements from mitsubishi. used fuel economy testing methods not in line with japanese regulations. mitsubishi has set up an independent panel to investigate. vehicles including the ek model involved. and they are saying actually that the vehicles involved also include 468,000 vehicles made for nissan. they have stopped making and selling the vehicles in question. so that is so far the announcement from mits

we are now at 2,000 stores in mainland china. i think as you pointed out, our transaction comp grew 5% this last quarter in china. certainly as we look at the opportunity ahead, we continue to be bullish and we plan to build 500 stores a year for the next five years in china. there will be a day that china will be bigger than our business in the united states. >> big change in japan we have to start incorporating, right? >> yeah. this is the first quarter that we have included our 1,100 stores in japan in the camp comp number. where we posted a 2% growth in transaction, 2% growth in ticket throughout china, asia-pacific, that then averaged to a 3% comp. certainly japan will continue to be part of the comp, but china is growing 5% in transactions, much faster than the average. >> let's leave it at that. it's a strong quarter. we both feel that way. kevin johnson, president and chief operating officer of starbucks. this is the way starbucks trades. it goes up a lot. it reports a terrific quarter. people decide the quarter is not eno

he said mainland china was in his words stable.strong as a year ago, but he said they're confident about mainland china. all in all when it came to the iphone franchise we're still in the early innings of the iphone, back to you. >> all right. josh, thank you. looking through some of the revenue figures year on year, the china figure, does look down substantially, about 26%. if i'm reading this correctly. for more on apple, here to just bat around these results. ross, i'll begin with you. this seems to be a pretty strong emphasize on capital return in the absence of growth? >> that's all he's got. tim cook has got to do something to grow the company. it's really embarrassing that they have over $200 billion growth is clearly decelerated. and he has yet to buy anybody to grow the business. he could buy pandora, tesla, netflix, and he's done nothing. and they've got to do something. so it's a value stock now. it's going to get more value until tim actually does something. >> todd? >> i agree with some of the sentiment. look, iphone i

mainland china was down 7% in currency, off a tough comp. he continues to be confident about china, that it's stable. recognizing it's not growing like it did last year at this time. this conference call is just ticking off. i'm going to hop on it and bring you more headlines as they come. >> josh, thanks so much. apple shares after-hours session low, down 7.8% right now. karen, it was also the guidance for the current quarter on the revenue side that was disappointing. >> i think that was more of an event. down 5 bucks in the first part and maybe another 3 or so in the second. that part is more disappointing. the revenue miss that they're guiding toward for this q-3, $4 billion, $5 billion light. that's a little disconcerting. it used to be that apple would sandbag. they no longer sandbag. i think they give you what they really feel is the true guidance. the gross margin isn't quite there either. not surprising. but this is not delightful, i've got to say. as a long holder, not delightful. >> josh is highlighting comments from tim cook, talk

the real loss leaders were in mainland china. equities under pressure because of a three-month ban on share selling. that expires tomorrow. the market trying to front run the idea that we could see a barrage of selling on the market. also front run the idea of softer economic data. quite a fragmented market. not a great deal of conviction in either direction. back to you, nancy. >> thanks for that one, sri. for another view, let's bring in the managing director and head of g-10 fx research at credit agricor. i want to get your view specifically on what we were talking there with the dollar-yen trade going on. do you think 105, 100 is even in reach here? >> you mentioned central banks. i think in the case of dollar yen, it's really the lack of policy activity investors are betting on when buying the yen. the yen seems like such an attractive currency at the moment just because investors believe the boj is out of options. an fx intervention seems less likely for the time being. at the same time, we see support from exporters having

perhaps we could see some leadership from mainland china equities. all in all, a fairly fragmented market. underlying sentiment still remains quite fragile because of global growth concerns. back to you now. >> sri, thank you very much. have a lovely weekend. michael is still with us. so why is the yen continuing to move higher, even with the japanese officials warning there could be more intervention? >> i think the yen has been extremely cheap. clearly after the huge devaluation you saw in the yen as a result of abenomics, it got to levels that are a bit too cheap. that's led through into a surplus, which is putting upward pressure on the yen, which could continue and leaves us slightly cautious on japanese equities having since 2012 been pretty positive on them through until recently. >> do you think ecb officials are glancing at what's taking place in japan now with the moves with equities and currencies and thinking even with negative rates, you're still seeing a currency that's marching north. >> i thought it was fascinating the ecb minutes act

but investigators believe he was passing classified information to both mainland china and island of that would amount to playing both side of street since taiwan is an am american ally while china is increasingly an adversary. lin was born in taiwan, left at 14, speaking only chinese. he became a u.s. sit any and enlisted in the navy training to serve aboard nuclear powered submarines. then he switched specialities to become a naval flight officer and reconnaissance squadron. throughout his career, he had access to sensitive information. one officer said. the navy showcased him as a coming-to-america success story. he once told an audience "i grew up believing that all the roads in america lead to disneyland." instead, they led to a navy brig in virginia where he is being held until the navy decides whether it has enough evidence to court martial him. if convicted scott, the maximum penalty is death. >>> david martin reporting from the pentagon. david, thank you. >>> the "cbs overnight news" will be right back. >>> a new poll out today shows donald trump with a huge lead, leading int

kenya deported dozens to mainland china after a court acquitted them in a telecom scam. presidential candidate bernie sanders had an unscheduled meeting with pope francis at the vatican on friday. the pope initially told conference attendees he couldn't see them because he was getting ready to go to greece. sanders did speak at a vatican conference on social, economic and environmental issues and also had a quick meeng with the pontiff. >>> we want to update on you our top story from japan where that magnitude 7.0 quake hit kyushu island. 23 people are confirmed dead. rescue crews still trying to find missing people. many feared trapped under fallen buildings and debris. japan was already trying to cover from a tremor that killed nine on thursday. derek van dam joining us from the international weather center with a look at the conditions in japan. bring us up to date. >> more than likely to get worse before it gets better. we have the aftershocks occurring roughly in a space of time every 10 to 15 minutes. there's already been 80 aftershocks since the original 6.2 -- >>

second, we very much agree with you that what has given taiwan the confidence, to engage with mainland china, is the support from the united states including arms sales. we had wanted to make sure, as have previous administrations that taiwan could not be coerced to doing things against the will of its people. i think we notified something like $14 billion in arms sales since 2010. we continue to look actively at that with regard to our own posture in the region, as i said, earlier, we now have approaching 60% of our navy in the region. we take very seriously. that taiwan must feel confident if its to engage from the position of strength with the mainland. the other thing i think it's important, i know you've been a strong advocate is that we want to make sure that taiwan and the talents of its people are able to be employed around the world against global challenges. so part of that is making sure that taiwan cab represented in international organizations. and we've been working very hard on that. to make sure that organizations where recognition of state is not required. they be able allow

. >> specifically on the question of mainland china as you say in a constant currency basis they're down. i mean, tim cook pointed out in the conference call that's off a compare last year of up 81, and specifically on china echoing the macroeconomic arguments we heard early on from josh, we may not have the wind at our backs that we once did, but it's a more stable country than i think is the common view. so we remain really optimistic on china. doesn't that to a certain extent take the wind out of the sails of the argument you just put forward? >> well, i don't think so. i mean, look at the numbers. apple has a growth investing base. and there's no growth. look at the -- if you look at the segments there, 90% of the categories are either flat or declining. services is the one bright spot. but there's no way that services can make up for all the other areas. so, look, we're positive on the iphone 7. we think it will be a big success. we were hoping to limp along until we got to july/august when we start anticipating that the anticipation trade in apple, but that's not happening. all of

china. the sea-side beach resort has become a popular tourist destination with an average temperature of around 27 degrees. but the number of mainland tourists visiting the island has been declining over the past few years. people say the drop is due to china's economic slowdown and the government's crackdown on corruption. hainan island was a popular place to entertain mainland government officials and businessmen. the drop in visitors is so severe that many restaurants and bars have gone out of business. >> translator: around ten years ago mainlanders would come in groups and spend huge amounts of money here. but now all we get are individual tourists. i think the government's ant anti-graph campaign is one of the culprits. rich people have stopped spending money out of fear of getting arrested. >> reporter: local governments and businesses have been taking steps to find new sources of revenue. they're trying to attract more foreign tourists. >> reporter: they held a week-long expo on international tourism. people in the tourism industry from across the globe were invited to attend. tourists specifically designed for foreign visit

guest: we have just come off the call, so if we look at china mainland, it is quite flat.nese travelers are traveling. in the 24% of luxury goods and they are buying abroad. domestically, the u.s. is quite strong. europe is doing very well, including in tourism. down but there is very much growth out there. who is doing best? andt: we have 3% from lvmh minus nine. we had categories that are doing better, so within louis vuitton, you got perfume and cosmetics. one thing i would add that is of the closeecause of the dkny jeans brand affects their leather goods which is why the stock is down 2%. if we add that stock in, the growth rises. the european close is second away. have a chic at the equity industries. oil is leading the rebound. ♪ mark: live from london and new york, you are watching the european close. stocks finishing up the day in london. what take you through how the stocks europe 600 finished today. we were dipping lower on that news from interfax that saudi arabia has reached a deal over oil production freeze and shares rebounding. looks like they will finish at

indices right now is thinking about, include iing jpmorgan basically now talking about including china mainland bonds and offshore bonds potentially into their emerging market debt index, i think there really are opportunities to go directly in. i believe you have to go in through a managed sort of process, a mutual fund that has active management. in these inefficient markets, that really is the way to play that asset class. just to give you a brief example, my fund, which has been out for three years, just received its three-year morning star rating -- five-star, morning star rating, which is a nice third party objective affirmation of the strategy. >> simon, brilliant. you got the advertisement in as well. i'm pleased for that. we'll speak to you again soon. the swiss franc hitting a high. what does that do for pressure? we'll discuss on cnbc programming throughout the rest of the day. "worldwide exchange" is up next. (music plays from one way or another )♪♪ ♪ i'm gonna find y♪ i'm gonna getcha ♪ ♪ getcha getcha getcha ♪ one way or another ♪ ♪ i'm gonna win ya ♪ i'm gonna getcha ♪ ♪ getcha g

we are seeing both now below water, and that loss seems bigger and china than outside the mainland. ou go back one year, greater china sales skyrocketed 70% or sales and exceeded overseas. there has been a shift in tone from 10 cook on china. he once said china's economic growth troubles had nothing to do with apple, but three months ago he warned sales showed signs of economic softness. we are seeing that, particularly in hong kong. tim cook saying the weakness in the greater china region due to what is going on with the hong kong dollar with it being pegged to the u.s. dollar, also the hong kong dollar strengthening in comparison to the yen. that is obvious he hurting chinam, shopping rates in , and that is hurting sales in hong kong as well when it comes to jewelry, watches. we just got dated this week saying that we are down more than half since that mid-2013 peak when it comes to retail sales in the city. the chief source of strength, one of the biggest -- a continuing list of bombers for apple. >> thank you for that. apple has many asian suppliers. let's see how they are tradin

when coming to some of the bigger stories today, of course, china's mainland markets closing modestly lower after official first quarter gdp came in at 6.7%. that's in line with analyst expectations. dan murphy joins us from singapore. good to see you this morning. a lot of people suggesting this might be evidence we're bottoming out in the china slowdown. >> that's exactly right. we saw a really interesting reaction on markets. stocks finishing the final trading day of the week mixed with traders digesting that latest gdp print. we saw that number coming in at 6.7%. it was bang-on expectations. still, the slowest growth since 2009. breaking down those numbers, we saw retail sales coming in at 10.5%. industrial output was the big beat at 6.8%. fixed asset investment also came in at 10.7%. as you mentioned, what this really shows is that those measures that chinese policymakers introduced several months ago to fight gravity as analysts at barclays put it, are starting to work. what traders were focusing on today is the fact that there are structural issues within the economy remaining

thehave a story about chinese mainlanders getting money out of china.e want to get their cash out, just for safekeeping. of -- if youis and china, it is of difficult to do. one way they are getting their money out is they are buying insurance money out. they do it with credit cards. you buy the insurance with a but it takes many swipes. you have to do it in individual transactions. we had one woman have to swipe 800 times. it shows some of the worries they have trying to get their money out. a story about air traffic in ata, the demand is growing crazy levels. femaleans they may need pilots. as people move into the middle class, they travel more. there is a lot of demand for pilots and planes. they are running out of male pilots. they may have to turn to women. there are not even that many women pilots. the people sitting in the cockpit are mostly white men. they are beginning to try to recruit women. you have to have a lot of time and they are to become the pilot of a big airliner for a major airline. before womenhile reach the cockpit, but they are re

you have a story about the chinese mainlanders getting money out of china. ellen: right.t to get their cash out, just for safekeeping. if you are a citizen of china, there are restrictions. if something like $5,000 per transaction. it is difficult to do. the one way they are getting money out is they are buying insurance money out. they do it with credit cards. you buy the insurance products with a credit card, but it takes many swipes. you have to do it in individual transactions. we had one example where someone had to swipe 800 times. carol: it's $5,000 increments. >> that is a lot of swipes. carol: it shows some of the worries they have trying to get their money out. let's talk about something in the companies and industries section. it is a story about air traffic in asia, the demand is growing at crazy levels. that means they may need female pilots. ellen: that our something like 100 million new air travelers a year in asia. as people move into the middle class, they travel more. there is a lot of demand for pilots and planes. they are running out of male pilots. wh

mainland, okinawa was a kingdom. the ryukyu kingdom. a prosperous and peaceful island chain with no standing army. they were farmers, traders, and necessarily diplomats whose eyes, more often than not, looked west to chinan, was isolationist racially and ethnically, culturally, and in every other way. the ryukyu kingdom was not. they were more open. more multi cultural. more used to and predisposed to dealing with the outside world and its influences. today, just a short ferry ride from the main island, a sense, a feeling of that long gone empire remains. kumejima is a small island that has been largely untouched by the changes in the world. people farm and fish as they always did. >> anthony: and the war never came here? this is bunshiro nagame and yohina tomahiro. kumejima residents and friends of james. >> james: no, they didn't. they suffered very little damage in the war. >> anthony: and, uh, no military bases? no american presence? >> james: well, up until '72 there was an american base. >> anthony: there was. >> james: but then in '72, in the reversion, the base was taken away. >> anthony: now, nothing? >> james: only the japanese self-defense forces now. >> anthony: what do people do here? agric

china. it has been a box office success. tv broadcasts were pulled from the mainland. a music festival is hoping to lift the mood in pakistan. the show almost didn't go ahead but music lovers were determined to make their voices heard. >> reporter: the music plays on in a fitting tribute to a city globally renowned for its art and culture. part workshop and part open concert, it almost didn't happen after last week's attack in a park a few kilometers from here. they wanted to cancel the event out of respect for those who lost their lines >> it took us a while to consider whether to go ahead. it was decided it was all right to do this. >> reporter: the musicians, the fact that the festival has gone ahead is a blessing. this man is a blues singer who is happy to showcase his art. i just wanted to do something fresh with punjabi because it's my mother tongue and i wanted to do something new. i started experimenting. >> reporter: experimentation is one of the themes of this festival, as is going digital. aside from the bands there are a number of workshops and stalls that

. >> the sourcing you know the number of meetings are china based managers and on the mainland and also, if you do that and actually walk through the recommendations and have the department with any d.c. in bringing this together. >> sure so we did a process and ends with the 7 managers based in china we narrowed it down to 7 bill and i had experience working with our prior employers investing in china and a number of investors in europe and have been active those are the top names that came up with the 7 managers when i spent a week in china you know by a zinc and shanghai we met a lot of side auditors and staff we felt comfortable with the managers and selected two based on performance but we wanted high standards in terms of government compliance especially for this is important for china once we narrowed it to two we asked them for the research and have a more detailed memo we can't provide in open session but we can provide that offline. >> it is 15 or 17 managers that are here or in china before narrowly it to the 7 we thought that best from those 7 narrowed it to the two. >> yeah

china but it has been a box office success. broadcast of the awards have been pulled on the chinese mainland and it is believed that 10 years could be the reason. >> translation: today i feel hopeful because a lot of film makers use 10 years to express their point of view. if 10 years ask not a best film based on the artistic merit, then it must be best film because of its social significance. the reality of hong kong, the problems that we face. at this moment, i want to say that 10 years has shown that the hong kong people are fearless, that we're fearless when it comes to our creativity >>> a world heritage tag is bringing more visits to lao; than it can handle. the government is taking steps to protect areas because of growing tourists. >> reporter: this is a former kingdom rich in history and culture. it has been protected under the united nations world heritage program. this man has lived here all his life and he says the results in tourism has been great for the local people. >> translation: since it became world heritage listed, it has been easier for local people to earn money through taking tours or making products. >> r

china do you learn about tiananmen square? in the history books? >> not mentioned. >> reporter: mainlandeceived little coverage of the more recent 2014 protests in hong kong. >> see people starting to put on face mask, goggles protective gear. >> reporter: we had to wear masks bane shmask s in beijing to protect against the pollution. all part of being based in a region that is rarely dull. >> this is saber rattling on a very grand scale. >> north korea conducted the fourth nuclear test in january and we visited the closed off country twice. both times tangling with government minders. >> you are saying if we interview people we can't come to north korea. >> you can't come. >> reporter: a stark contrast with open, high tech and hypercompetitive "nba on tnt" to the south. in seoul, we learned plastic surgery is one way to get ahead. >> we can do this, okay. and you will look much younger here. >> reporter: in south korea we also trafltd to where the ferry capsized. killing 300 people. mostly teenagers on a school trip. it is hard to really get a chance for just how big this search-and-rec