that is stephen engle joining us there from beijing.ake a break, but coming up next, we are having a look at our top story. it's that malaysian airlines plane crashing in ukraine. it is thought to have been shut down. we've got the latest details and market reaction and indeed with the latest speculation is, as well. that is all to common the next hour of "on the move." ♪ salamat live in hong kong. this is "on the move." the doomed plane, no survivors as a malaysian jet is shot down in ukraine. invasion underway. forces enter gaza after the fragile cease-fire collapses. home prices falling again in china. the world has been reacting with shock and outrage over the shooting down of the malaysian airliner over the ukraine. are298 people on board dead. john has the latest. >> let's get straight to why what happened with regards to 154 dutch.ualties, not sure how many americans on board. >> joe biden said they are trying to find out. john kerry also trying to establish whether there were americans. >> they included the u.s.-russian tensions

stephen engle joins us now from beijing with the details.big question right now, what's the bigger risk to the economy -- inflating the bubble and exacerbating the debt worry or a sudden downturn that knocks out a main pillar of the domestic economy? the latter scenario is starting to take shape as begin home prices for june. they fell in a record number of cities tracked by the government and numbers just released in the last hour. new home prices in china of the 70and 55 out cities monitored by the government month over month. year-over-year, still 69 out of 70. they change the way to compile the statistics. tier one cities both declined by 0.6% from the previous month, the most since -- since the way the records were compiled were changed in the first month of 2011. prices fell 1.7% in the eastern that saw angzhou price decline. this is month over month gaining 1.7%. number of is the cities that saw price gains. it's been a germanic turnaround over the course of the last two quarters. prices rose in just 8 out of 70 cities. two months ago

stephen engle has this report from beijing. >> the newly open beijing business is a straightforward asand meat, with a real emphasis on the wine. he wants to educate and uncork wines potential in this large been mostly tea drinking land. like the prayer leader consumption is one of the lowest in the world. it's probably one 30th of the americans, or maybe one 50th of the french. we have a lot of room to grow. >> acs that potential holding free record king clinics to educate and help hildebrandt. they can been -- bring in any bottle and have it inspected and record this necessary. -- recorked if necessary. >> the level would have been appear somewhere and over time, 20, 22 years, it has fallen down. at this point, that is still sign. as soon as it gets point the have ae curvature, you lot of volume and their increasing surface area and there is potential for the wind to oxidize, to spoil. everyone blames the court for everything but it is more about sighing. if this is under the bed or on top of the refrigerator, not excellent. collected turned out this was pretty much shot but the bott

stephen engle is there with a closer look at the visit here. steve? >> i'm looking at it just as you are right here. she's going to be given full military honor welcome to beijing as the premier hosts her. met her last night after she flew in, her first stop on the three, almost four-day trip to china. her seventh trip to china as chancellor since taking over as chancellor in 2005 and trade will be the focus of this visit last night. as i said, she flew in, merkel met with the premier and two, of course 0, exchanged the pleasantries before the cameras about the importance of building mute chur trust and, of course, business. germany is china's largest trading partner in europe and obviously china is a key market for german goods, be it the audi sedans or b.m.w. they're very popular here. she has also brought with her leaders from many key german industries including the heads of deutsche bank, deutsche post, liamens, lufetansia, airbus, volkswagen, among many oceans. yesterday she toured a volkswagen plant with the chairman martin wintercorn. she's be

stephen engle is following the chancellor's visit. what have we got so far? >> the chancellor is having a press conference with the premier. it started at 10:30. brace for this -- nothing earth shattering coming out of the headlines. china and germany agreed to boost mutual clinical trust. stop the presses. china and germany signed six documents during merkel's visit. there could be some more exciting news out of that. also, the premier says he will visit germany in october. this is after president xi jinping visited earlier this year in march. trade has been the focus so far. business and investment as well on her seventh trip to china as chancellor. the two holding the press conference now after a full military honors welcome in beijing this morning in front of the great hall of the people in central beijing. she is said to be having dinner tonight with president xi jinping. the pressents before conference, calling china germany's highest and important strategic, cooperative partnership that has developed on a very broad foundation. again, the pleasantries

stephen engle joins us from beijing with a closer look at the chancellor's visit. what do we expect from the chancellor? day, the first full day in beijing today. business is the focus. this is her seventh visit to china as chancellor since taking the position in 2005. after arriving in beijing from her first stop in just one province, she met with the premier at the state guest house here in beijing. the two exchanged pleasantries for the cameras before retiring behind closed doors. she will have a bilateral meeting this morning with the premier. she will have dinner tonight with president xi jinping. germany is china's largest trading partner in europe. obviously, china is a key market for all those german goods, europe's largest exporter. she brought leaders from many key companies, including the lufthansa,siemens, folks like him, airbus, and others. she was touring a volkswagen plant with the volkswagen chairman. she will be given full military honors, a welcome in beijing. she will meet with president xi jinping, who was in germany in march. from the european

stephen engle, bloomberg, beijing. >> now you see it, now you don't.e has removed some search results. it follows an eu ruling allowing members of the public to request that data be deleted. >> this particular case is article wrote an back in 2007. it talked about stanley o'neill, the former ceo of merrill lynch and how he was forced out. it was on the brink of collapsed. during the financial crisis. he received a message from google saying that a certain link to his article has been removed. he doesn't know whether it was requested by o'neill. he claims he knows nothing about it. later blog entry talks about the removal of these links. it suggests that it could be a member of the public or somebody who made a comment about the original article. the question here is, is it freedom of information that we are concerned about or privacy? the eu law is protecting individual's privacy. it says individuals have the right to ask them to remove links with personal information. >> it is a fine line. >> you could argue that the article was in the public interest

for more, stephen engle, a man who knows more than almost anyone on china, joins us.ome big deals signed between the chinese and german companies today, yes? say about what jonathan was saying is that the chinese have been saying this about the dollar for a long time as well. andyes, chancellor merkel premier li talking about a whole host of issues today. she was in switzerland yesterday. the talks included cyber security and merkel committed about the latest u.s. spying allegations saying that if the reports are correct, it would be a serious case. but you are right. trade is the real focus of her seventh trip to china since 2005. merkel was given a full military welcome in beijing this morning and will meet later tonight with president jean tang -- xi jin peng. premier li said he will head to germany in october. china-german ties were described as being an important strategic partnership that has developed on a very broad sound -- a very broad foundation. a lot of deals being signed. are many is china's largest trading partner in europe and china is a key market for