shanghai is an economic giant within china. the average life span here has exceeded 83 years, the longest among all chinese cities. the reason for this is the high standard of living and the nation's top notch few dong university shanghai cancer center is china's oldest hospital specializing in cancer treatment. more than 1 million patients visit this hospital every year from all over china. in order to treat all of them, the hospital has set up 26 departments. among more than 500 specialists, physicians with good reputations get flooded with many patients come here in hopes of getting china's latest treatments but some have little chance of recovery had they're cancer has worsened. this integrated therapy department was established for such seriously ill patients. it's where china's first palliative treatment was introduced in 2016. palliative treatment seeks to relief pain and temporarily improve conditions rather than treat the disease itself. it prioritizes quality of life by providing painkillers and removing acidic flu wids and other treatments so that patients can live out their remaining time peacefully and

you are now in other cities beyond singapore. london, new york, shanghail. what was the reason you went abroad? i think every city is very different ina abroad? i think every city is very different in a way. for example, going to china, you would think going to china, you would think going to china would be easier than london or new york. but there was such a stigma in china. product registration is extremely difficult. just to get the products registered before you could even have your products, you know, used in your salon, retail, it was difficult. labour laws. it was very difficult. and then the compliance, you know, in terms of taxation, filing off accounting, licensing of beauty treatments. there were many things that were very difficult. i think that were very difficult. i think that in every city you want to go into, it takes almost three years to learn something. that is about right. someone said if you have to be good at something, you need to invest about 1000 hours. it is never easy. we have just come from your spa to one of your restaurants ju

atthis was on sunday narrator: 20 million people live here at the mouth of the yangtze river, in shanghai, the cityhat is the pulse of china's economy. ♪ music david sutton: this is the most dynamic place i've ever lived. and it could be the model for the world or it could be a disaster. narrator: shanghaiai is to china whatat new york is to america. a symbol of success and a warning about the price that may have to be paid. profesessor geoffrey heal: china isn't just an economic super power these days, it's a green house gas super power too. china has now overtaken the u.s. as the principle producer

but you're also in other cities beyond singapore, you're in london, new york, and shanghai, multiple abroad? i think every city it is very different. for example going to china, you would think 0k going to china could be easier than going to london or new york, but it was not true, i had like such a steep learning curve in china. the product registration is extremely difficult. so just to get the products before you could even have their products used in the saloon or for retail, the guidelines were strict, the labelling and all that. so all this cross—country intelligence and cultural thing that you need to know, they were very, very different. you feel that something is not suitable for you, how to adhere to the label law. that's very difficult and then the compliance, in terms of taxation, accounting, licensing of the beauty treatments, so there were a lot of things that were very, very difficult and i always think that in every city that you want it takes almost three years to learn something. that's about right. someone said if you want to do something really well, you need to i

to invest less in residential or our focus has also inoffice and retail, but it is a big city focus, the shanghaind to a lesser degree beijing, so we are still buyers of the market, and so far that strategy has seen some good rewards. rishaad: property firms have been doing very well. i guess this run-up, how long can that run-up last four? if we look at property stocks though, and i have this chart, i saw this in the u.k. as well. quite often you see property stocks below book value. why is that the case, but why so far below value? >> it is a long time since i have been a stock analyst. assets. mostly on hard betweenhe difference hard assets in stocks is that if you own the physical real estate, you control the cash flows. if you own the stock, you might have a vote over certain matters, but you are not in control of the entity or the particularly in real estate stocks, that is sometimes why they traded discounts. the other reason is that within , real estatetocks values can be volatile, so there is a little bit of discounting. rishaad: you say you deal with the real property itself. carpark.n

rising sea level which threaten the viability of low-lying island nation, and as well as cities like new york and shanghai and new orleans, and disease increases with more warming, and heat waves are deadlier, and the droughts are more intense, and climate migrations that are happening in certain parts of the world, and the stakes cannot be overstated here, and the paris agreement does not everything, but it sets a north star goal of limiting it to 2 degrees selcelsius, which is th especially danger zone. a and so it is critically important, and if the administration pulls out, it is the second biggest polluter on earth saying that we don't want to be a part of the global pact which is a promise to globe and the future that we will do something about this massive existential problem. >> and let me turn to you, because this is your former home turf in epa and you speak this language, governor. and so how do you see it as john cease it if the u.s. decides to pullt of the agreement? >> well, the good news for the climate is that the ship has left port. we have a number of our big companies that are, have mad

were arrested with ms13, arrests were concentrated in houston, new york city, atlanta and nework, new jersey. nicole: the shanghai composite in china up three quarters of 1%. korea's kospi pulls back half a percent. lauren: the dax in germany up 12 points today, the cac if paris down 2, the ftse in london up 2 as well as. nicole: the nasdaq squeezing out a gain and dow lower this week. dow futures down 38, s&p futures down 6. lauren: oil and gold this morning, oil down 11 cents, 47.42 a barrel. nicole: mcdonalds is helping franchises to upgrade. the wall street journal report that is the company is offering to pay 55% to have costs for changes that can rub as high as $70,000 for each location, mcdonalds usually expects the franchisees to pick upmost of the tab when it imposes upgrades on the restaurants but the company is trying to win back the core customers lost to rivals. shares of miquid's up. lauren: chinese micro blogging side suggesting that facebook come to china to learn how to block content. here is the issue. facebook is banned in china and china also bans content that includes politically unacceptable

, and the chinese government has issued these regulations across dozens of cities across china, especially beijing and shanghaimited the number of people who can drive on the road to only local residents, higher requirements for cars as well, so this has cut down their revenue stream in those sectors, which has been their main revenue, their area for profit and what investors were looking forward to when it comes to talking about a potential story for an ipo of the company. caroline: thanks to bloomberg's lulu chen from hong kong there. now, with connected clothes rails and smart meters, online retailer farfetch believes that has created the store of the future. using the latest software and hardware, the retailer aims to help luxury brands gather more information on customers in-store and online. bloomberg went to london's design museum where the tech was showcased to take a sneak peek at what is in store. ♪ >> online retailer farfetch is betting it can shape the future. this is its concept store showcasing the latest in retail tech. how do you capture all of that fantastic information you gather in store wit

cities. about 50 people attended the sunday event. similar events in beijing and shanghaicher's sister invoked his work at the white house. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. i am paul allen. right, indeed, i am rishaad salamat in hong kong. data at the top of the hour, didn't we? haidi: yes, that's right. more or less in line if you take a bigger picture, a decline i suppose when it comes to industrial production, but i guess telling the story that the first quarter may have been the teak of the strength when it comes to the chinese economy. rishaad: industrial production came in at 6.5%, tough base effect of the previous april, that perhaps affecting it. ahead ofan expected expectations, if that means anything. butil sales, a decline, that as we come from base effects which were much weaker as we get this move towards a service-oriented economy. tokyo one of the few markets down in the asia-pacific. strength elsewhere. japan, mostly higher when it comes to other asian equities marke

cities in a three-month span. it kicks off september 7th in lafayette, louisiana. >>> well, now we're taking you all the way across the globe to shanghaioo that, because that is where captain jack sparrow conquered the red carpet. everybody wanted to be there, but carly steel got the invite, because "e.t." was the only u.s. tv show at the epic launch of johnny's new pirate adventure. >> captain jack sparrow is back. and we flew halfway around the world to join johnny depp and the cast here at shanghai disney. >> get ready. going to get weird. things are going to get weird. >> we love it. who doesn't love a bit of disney, huh? >> playing orlando's son in this fifth installment is handsome 27-year-old britain. >> how awesome is this? >> it's great. the e are sepgs from to great. >> playing the baddy in this one is javier bardem. >> did she give you any advice in working with johnny? >> the advice is very simple. have fun. it was like watching how he became sparrow and it was -- >> i'm so sorry, were you still talking? >> it's license to be irreverent and stupid. >> what advice would you give to your sounger self, 15 years ago? >> moistur

including expanding in cities like frankfurt and dublin where it is already had a presents -- had a presence. the first passenger jet test taking -- jet has taken off from shanghaiould be the first competitor to airbus and boeing and the most popular sector of the airliner market. that is your latest bloomberg business flash. still ahead, it is etf friday. we will take stock of the new breeds of etf. this is bloomberg. ♪ ♪ mark: this is bloomberg markets. i mark barton in london. vonnie: i'm vonnie quinn. here is abigail doolittle. abigail: they approved the first quadruple etf. senior explain is eric, analyst. we had been referencing the movie "spinal tap." what does this mean for these etfs? does not seem higher than the current three times. when you get to three, when you go from there? go to four. the sec has gotten conservative lately over the last eight years. they have tried talking about not using derivatives and put a freeze on leverage issuers. it is a reverse course. happen the same to the commissioner was born in. could be a trump effect. if this needed? it was a lot of reaction on twitter, which is where sometimes i can gauge how people are feeling,

city. lauren: a big rally in oil prices help oil prices helping stocks in asia itself in a cage benefit quarter of a percent. shanghaiof three quarters of 1%. asking south korean pretense of 1%. the hang seng in hong kong than two tenths of 1%. >> your strength only to the highest since november night. mixed tax for stocks in europe. the london ftse up of half 1%. transfixed on one third of 1%. easyjet weighing on stocks in europe. lauren: stock market futures mixed this morning. s&p down fractionally. nasdaq up about two. t.j. maxx, urban outfitters, staples and the industrial production, an indicator of how the second quarter will perform. nicole: up 6.5% is gaining once again not 33 cents right now at 4918 a barrel. gold has also been up for sessions. one by 1% is up $4.12.30 for a troy ounce. >> "wall street journal" reporting job cuts are expected to be announced as early as this week. that will mostly affect salaried employees. no indication whether ford is to reduce the hourly workforce at its factories. mark fields hopes to boost profits and poor's stock price down more than 17% in the past year and down more

overnight, the shanghai composite the only loser moneying four major markets in asia airbnb opening doors more in san francisco, start-up agreeing to be more transparent about its hopes in the cityagreement means for any potential ipo ahead, tech titan joins self driving race details samsung reportedly hits gas on autonomous vehicles mcmcdonald's to change the way you eat fries will they embrace the device or stick a fork in it lebron celebrating cavs win with cold one almost funny moment from game one of the eastern conference semifinalize, turning to entrepreneur president trump planning to roll out an ambitious one trillion dollar infrastructure package to help rebuild nations crumbling bridges highways public trappings maria caught up with transportation secretary elaine chao at milken conference for an up dedicate what we can expect. >> thanks for joining us. >> thanks so much for having me. >> great to talk with you i know you have been busy, putting wonderful plans together, let me start off with infrastructure package, the president has spoken about, so much, what do you envision in terms of what an infrastructure plan will look like? >> well the president has said that