. >>> china topped world in new car sales, but sales growth was slower than before. another sign that the economy is losing steam. the china associationf automobile manufacturers says 2 24.5 new cars were sold on the domestic market last year. >> sales growth declined to 4 by 6% year on year, down would 2 percentage points from 2014. analysts say consumers were cautious about buying big-ticket items amid the slowdown. the government is encouraging public workers to save money. tax cuts and other stimulus measures help support demand but not enough to accelerate sales growth. japanese automakers sold 3.3 million new vehicles in china last year, up 8.6% from 2014, exceeding the market's overall growth rate. japanese firms together expanded their share in china to 15.9% with other foreign manufacturers seeing decline. >>> a chinese conglomerate is buying the u.s. film studio that produced block busters like "jurassic world" and "godzilla." it will acquire legendary entertainment. the current ceo will stay on and they'll help the company to expand, especially in the fast-growing chinese market. they say they want a global voice in the fil

the south china sea. the director for the china national association of international studies joins us now. we had hoped to have been able to discuss john kerry and his chinese counterpart's press conference. that has been delayed for another hour. we do have an idea of what they would have been talking about. the first thing, of course, being, programs the most important, a way forward on north korea's nuclear program, which is a major challenge, kerry said, to global security. what sort of response would he get there in beijing? >> there is no doubt that the continued nuclear arms testing by dprk constitutes a major threat to peace and stability not only on the korean peninsula itself, but others. china is a victim by these repeated nuclear testing by dprk i think china has called for the resumption of a six-party talk and urges a rationality and the reason to prevail and also urged all countries on the peninsula to discontinue with in any nuclear weapon program. in this particular regard co-ops between china and u.s. is a vital importance. without china's full cooperation and full partic

. >> we can talk to the china national association of international studies. affiliated to the ministry of foreign affairs, joivening us from budget -- joining us from beijing. >> what do you make from this show of force, show of defiance coming from pyongyang? >> well, i would say this doet onation. nuclear device, what is called a hydrogen bomb is a major development in the korean peninsula with a negative impact on the korean peninsula and the nearby asian region as a whole. therefore i think the chinese government issued the condemnation of a nuclear testing and is urging all parties to exercise restraint in work together towards decriminalization and should be a goal for all in this part of the world. no one will benefits from having a nuclear box, testing or threatening to use a nuclear weapon on the korean peninsula. having a nuclear instrument is a dangerous develop and we urge for caution and move to democratisati democratisation. this is the firm policy of the champion's government. and all the other countries, including the the united states, russia,

the chinese border, there is an impact there. china will want to protect its interest and people as well. great to have you with us, the director of the china national associationernational studies. >> thank you for having me. >> appreciate your time today. >>> the u.s. republican presidential front runner says china should take the lead in dealing with north korea. >> that's right. in an interview with wolf blitzer, donald trump says there should be koconsequences if beijing doesn't talk about the testing. >> would you consider a preemptive strike? >> no, china has total control over them, and we have control over china if people knew what they were doing. we have china because of trade. they're sucking our money out of us and taking our money like candy from a baby, and china can come out and, frankly, they say they don't have that much control over north korea. they have total control. without china, they wouldn't be able to eat. so china has to get involved, and china should solve that problem, and we should put pressure on china to solve the problem. >> as you know, there are almost one million north korean troops north of the demilitarized zone. >> and we

the consumer electronics association says the slowdown in china and the strong u.s. dollar will limit u.s. consumer spending. to $950recasting a drop billion. that has not stopped some companies from going all out. one concept vehicle has 1000 reach 60 innd can under three seconds. >> apple did not just redefine the phone. it transformed the way that we communicate, organize, and enjoy our lives. we at faraday future are looking to do. theany startups used exhibition as an opportunity to showcase their talent and their products, to try to bring in investors. this year sees everything from drones to artificially intelligent jewelry. >> drones, driverless cars. that was all science-fiction hype just a year ago. this year it is all real. >> more traditional electronics such as phones and tvs account for half of all revenue in the sector. startups like these are hoping inventions will give the tech industry a timely boost. stephen: we will have plenty more throughout the weekend. genie: interesting. you also get some great tips for the future out of that show. it is now

the consumer technology association says a slow-down in china and the strong u.s.ollar will limit average consumer spending. it is forecasting a drop from $99 billion last year to $950 billion. that hasn't stopped some companies going all-out. they have a vehicle that has 900 horsepower. >> apple didn't just redefine the phone. it transformed the way that we communicate, organize and enjoy our lives. faraday s what we at future are looking to do. have more modest targets. many start-ups use the exhibition to showcase their talents and products to bring investors on board. it features everything from drones to artifically intel jepsen jurelry. >> robotic drones, and driverless cars. virtual reality. this year it is all real. >> while traditional electronics such as phones and awúwóóóóól accounts for half of 01/05/16 01/05/16 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! >> i want to talk directly to the people at the wildlife refuge. you said you are here to help the citizens of harney county. that help ended when a peaceful

the rescue is another reminder of the dangers associated with mining across china. collapses are common, safety regulations are often ignored. four officials have already lost their jobs. the chairman of the company which owns the mine drowned himself. another casualty of an industry badly in need of reform and tough regulation >>> in bethlehem one of the world's most famous churches is getting its first renovation in more than 1500 years. our correspondent has been taking a look >> reporter: what is believed to be the birth place of jesus christ has survived many hard times, even an earthquake. history and the weather have taken their toll. now for the first time since the 6th century the church of the nativity is being completely restored from ceiling to floor. fixing the old has already uncovered something new hidden underneath the wall plaster. >> translation: we were lucky to discover and an jill in its entirety-- angel. this will give a different vision of the church than before the restoration. it will be a beautiful ends result >> translation: we are shown wh

it is a reminder of the dangers associated with mining across china. collapses are common. safety regulations are often ignored. four initials have already lost their jobs. the chairman of the company which owned the mine drowned himself. another casualty of an industry badly in need of reform and tough regulation >>> japan's central bank has introduced negative interest rates for the first time as it tries to boost the economy. the surprising move means banks will now be charged when they deposit some of their money with the central bank. this is hoped to encourage them to lend to businesses rather than sit on their cash. william black ask an associate professor of economics and law at the university of missouri our ee, kansas city. he says the rate cut won't boost the economy >> the argument is that banks are sitting on very large amounts of liquidity. if you charge them for that, maybe they will make more loans, but the reason the banks aren't making loans is that businesses aren't selling things. if businesses don't sell enough things, they don't have demand. so that's t

the rescue is another reminder of the dangers associated with mining across china. collapses are common. safety regulations are often ignored. four initials have already lost their jobs. the chairman of the company which owned the mine drowned himself, another casualty of an industry badly in need of reform and tough regulation >>> switzerland's chief prosecutor says nearly 4 billion dollars may have been stolen from a fund in malaysia. that's after the attorney-general cleared the prime minister of involvement in the scandal that has engulfed the fund. some of the corrupt earnings were sent to swiss accounts of former malaysian officials >>> japan central bank has introduced negative interest rates for the first time as it tries to boost the economy. this means banks will now be charged when they deposit some of their money in the central bank. the move is to encourage financial institutions to lend to businesses rather than sit on their cash. in u.s. lawyers for the boston bomber have filed for an appeal. he was convicted of murder of the 2013 attack that killed pe

the rescue is another reminder of the dangers associated with mining across china. collapsed are common. safety regulations are often ignored. four officials have already lost their jobs. the chaer man of the company which owns the mine drowned himself. another casualty of an industry badly in need of reform and tough regulation >>> a surge in u.s. oil production recently has affected crude oil prices. tom ackerman has more. >> reporter: 70 years ago this was the king's first trip outside his country to forge an alliance from u.s. president. >> understanding each other's problems brings east and west together for a better world >> i think we signed a false bargain, for stable supplies of oil and this has continued until this day >> reporter: when an oil embargo was in place, the u.s. launched project independence. >> by the end of this decade, americans will not have to rely on any source of energy beyond our own. >> reporter: what happened instead, the u.s. increased its reliance on foreign oil to a peak of 60%. in the past few years the explosion of american crude

tightening the foreign policy as well as the energy klein -- the energy declined with what china is doing at the moment. easiestnk the associationreally the decline in commodities and the slowdown in china. as i mentioned, part of the chinese economy that is suffering the most is that associated with sectors that have been moving -- been booming. especially those with real estate, over the past few years. there is capacity and where spending is falling the most. those sectors are using a lot of that hases and affected prices over the past few years. for -- -- in allthe u.s. reality, oil prices should be good for the u.s., we should be getting a boost. that we aren't seeing that. >> well, indeed. for the united states, it is an importer and declining oil prices is bad news for the energy sector but good news for consumers and other parts of the economy that use oil and energy as input. nettill think it is a positive for the u.s. economy and for most advanced economies that are net importers. you brought up china and what we have seen their with the fed raising rates. part of that has been the volatility. strengthened,has china ha

the credits include jurassic world and godzilla. china's car sales will accelerate after climbing at the slowest rate climb in 20 years. accordingncrease 6% to the associationmobile manufacturers that is your bloomberg business flash. francine: another industry where china has been a key growth driver's hospitality. the largest provider of hotel accommodations has been expanding rapidly in the region. the company owns holiday inn and crown plaza during they are opening its 5000 hotel. it's great to have you on the program. you are 112 gets to see the real economy. we speak to investors. you travel and meet people. if we talk about china, what is your feeling? should we be more concerned than we were last summer western mark is it just in transition so we need to give it more time is --? -- westmark it's an economy in transition. they are trying to become a more consumer led economy. we can see that change. it's one ofness, our fastest markets. the top lineman of the growing in the way you would expect. we are so we knew hotels because demand is fast. if you make an investment in hotel, it might be five years to open. of openings of new hotels as high as it'

. >> what was the biggest business story of 2015? associated prez says it's china'sconomic slow down causing shock waves in global markets, triggering the biggest story of the year, the collapse of commodity prices. oil and gas plummeted as supply outstripped demand. steel and copper dropped sharply as demand from china e vap rated. gas prices lowest levels, and aaa says they paid less for gas in 2015 an 2014, or $550 less per driver. hover board fires making headlines. investigators are looking into 22 reported fires in 17 state, receiving 70 reports of injuries that required emergency room treatment. there's a possible sign of weakness, following strong growth for 2015. the national association of realtors says home inventories remain tight, and prices are rising faster than incomes. get all your business news on cnbc, and happy 2016. >> the time now is 542 on this saturday. the eagles are getting ready for the giants on sunday in the season finale, why the birds say there's plenty to play for, plus, one player's candid comments on the firing of chip kelly next in

the money out, so where is it going? an associate at the oxford university china center is joining us now from london. george, great to see you on this day. george: great to be here. there is a lot of worry about global recession, that the aobal market will reflect recession or a recession that is underway get what do you think? mostly, this is what we kind of have to do. for what it is worth, i think we are conflating quite heavily, actually. , what you have been talking about in financial markets, the repricing, particularly the repricing with the huge energy and commodity bubble we have built up over the are 10 years, and we conflating that, i think, with a global recession. one and what we see going with u.s. retail sales, european data -- and given what we are seeing with u.s. retail sales, european data, we do not want to say we cannot get a couple of quarters of terrible growth, but actually, i think we are going to skirt around it. it is not going to look very pretty. in the last quarter of 2015, i think things probably were pretty bad, but, yes, i think, curiously -- you talk about the correl

the rescue is another reminder of the dangers associated with mining across china. collapses are common. have safety regulations are often ignored. four officials have already lost their jobs. the chairman of the company which owns the mine drowned himself, another example of an industry in bad need of reform and regulation. richard martin, al jazeera. >> japan is taking drastic measures to reinvigorate its economy. today japan's central bank changed rates, the hope that a negative interest rate will spur banks to issue more loans. a few other central banks have imposed minus interest rates. >>> lexmark, layoff days after a request for a pay increase of only 35 cents a day. al jazeera's heidi zhou-castro has the story from juarez. >> at the foot of el paso's mountains in juarez, is the land of the maquilladores, behemoth manufacturing plants mostly owned by american companies, employing hundreds of mexican workers. >> virginia works for lexmark. >> i was one of the best, i worked very fast. >> in 2013, levelmark made $3.7 billion. it paid moreno 150 pesos a day. >> i

it is another reminder of the dangers associated with mining across china. collapsed are common. safety regulations are often ignored. four officials have already lost their jobs. the chairman of the company which owns the mine drowned himself. another casualty of an industry badly in need of reform and tough regulation >>> storms have battered the east coast of australia causing widespread flooding. this was how it looked in sydney a day earlier on friday when severe storms rolled in, including lightning that hit city tower in the middle of the city. there's damage as well in suburbs where trees crashed through houses and cut power. the worth from rob. australia's worth looking stormy. >> reporter: it is. most has moved to queensland. on the satellite picture suggests that if we look at it. the brightest white tops just north of brisbane. they had a few storms not far from sydney. bundaberg has 93 mm. it is not the only area of interest. low in the south has been getting showers in melbourne, affecting tennis and the cricket. the rain has been in tasmania and the first tropical c

even in china, i read as much as it sounds like they are wise to the part i just read of china which is both restrictions on gambling and all of the associatedctivities -- >> the restrictions on luxury, the consumer, yes. >> they have the best start to the year i read on bloomberg. just when it could not get worse, shoots of the next turn. adopt is you have to as a value investor, you might make money over time but you cannot make money on time. it you cannot deliver tomorrow afternoon. it will happen over time. you end on the companies you invested to reinvest productively overtime. of reinvesting. your returns will follow. i am told 70% of your portfolio is in global companies that have exposure to china. who are they? be athe largest would global leader. a host of other interesting businesses. , and the third one owns a portfolio spirit. those are the main ones. there is an enormous amount of opportunity. the markets are just being penetrated these companies. it is an enormous amount to drive, demand consumers in his markets. i am not nervous. it has been deplorable. our company is run by families with a long-term horizon have been able t

. >> the document right now, is a trans-pacific partnership. if we don't china is going to. >> from the association of manufacturers. >> thank you. >> if you want to see this again go to wmur.com and click on business and click on economy. >> with the temperatures in the 40's in the state so far. you can see the beginnings of things getting lighter as the manchester at 38 degrees, winds out of the south at 8. it's the winds out of the south or southwest today that will help things get milder as a warm front crosses through the state overnight and brings in the milder air for the next couple of days. this entire week ahead does look above average, some days higher than others. >> we're north of the notches, elsewhere 30's right now. and everywhere around the state should be getting to 40 or higher through the day. notice sunrise and sunset getting farther apart, finally. and there is your average high. 32 degrees for concord. by the way, it's started rising, it's 31 a couple of days ago. >> we've bottomed out and we'll see the temperatures every few days, they might go up for the average. the other

the rescue is another reminder associated against china. clasps are common. fety regulations are often ignored. four officials have already lost their jobs. the chairman of the company which owns the mine drowns himself. another casualty of an industry badly in need of reform and tough regulations. richard martin, al jazeera. >> south korea is holding it's first ever expo devoted to the drove industry. analysts believe the industry will grow rapidly in the next 10 years. civilian uses are being dripped up all the time. rausz day for these pilots. time to get down to busy. 80 teams vying for the title on a hazardously windy day. >> i was nervous. it was windy. it was difficult. >> it has only been an organized sport here snapped up in just a few minutes it's all happening a few meters from south korea's first drone show. the largest such expo organizers say ever to be held in asia. south korea wants in on a fast growing industry. >> we hope to promote the trefrns of technology to the civilian sect occur. >> one such effort, a tilt rotor drone enabling take offs

china did an injection of liquidity. i think that really helped. we all know the gdp was mediocre at 6.8%. but the etfs associated with china, very strong today. good volume. there is the ashr. finally, it's very important we hold the gains. there was a lot of whaling and mashing of teeth over the fact that we closed at the august lows. let's not quibble about a few points. we were at the august lows. you break below that, you're in a new territory. you're back to the 2014 lows. technicals matter. when the fundamentals are confusing, traders look to technicals dropping below the levels would institute a whole round of whaling and mashing teeth. it is starting to resemble an irish wake down here. let's hope it doesn't come to. that but it's getting there. back to you. >> you think we're fading at this hour. what is the problem? >> well, oil is not behaving at all. there is this knee jerk reaction to just sell anything related to global industrials, global materials and energy stocks whether that happens. just sort of feeds on itself at this point. like i said, there is an extremely negative sentiment out there. th

the trapped men. they have been sending down food clothes and lamps through a narrow bore hole. further collapse and rock falls are a constant fall. dangers associated with mining across china. collapses are common, four officials have already lost their jobs. the chairman of the company which owns the mine, drowned himself another casualty of an industry badly in need of reform and tough regulation. richard martin, al jazeera. >> still ahead on al jazeera, the changing tunes of american politics. is the united states leaning towards socialism? >>> and protecting china's wildlife, a proposed change in law is actually worrying. >> welcome back. the top stories here on al jazeera. talks a aimed at ending the warn syria, no guarantees it will take part in direct talks. the united nations is promising a full investigation into new claims of child abuse in the central african republic. six allegations of sexual misconduct by foreign peace keepers have surfaced, apparently occurring add a camp for displaced people in bangui in 2014. >>> 13 people are still missing after their mine caved in in the area of ping ye in china's east. >>> it is estimated that nearly 2 million people in

it is more of the turbulence associated with the financial markets than it is real production levels. the general economy in china as we speak. >> what is so great about talking to you, rick, is because i could ask you about so many different markets because your chips go into different things. and we're talking about record sales here in auto and some are saying that could be peak auto. what is your take. have we seen the best of times for the car industry? >> when you look at the average age of the car, there is still a lot of opportunity. and we think the market has strong growth potential in europe. i think it is about the new features associated with it. as we move to ados and people talk about automated driving, we refer to it as assisted driving. so we just announced a new radar chip replacing a shoe-box size solution available in the market place before. so we have a combination of a chip that we actually got in a transaction with free scale as the micro controller and an rfc model front-end that gives a complete solution on a board that would have taken something the size of a shoe box before. so we coul

the fed had to decide whether or not to raise interest rates and decided against it because of turmoil associated with chinaer in august they devalued the currency. scarlet: that happened again. affect federal reserve policy, but let's give it some time and see how the u.s. affairs. the u.s. is a safe house in a stormy world and will benefit somewhat by global tumult. earlier thationed we are the safe harbor. i went to buy our paper. our yields go lower. let's call it 1%. at the same time, china has closets full of viral paper that they are selling in the market. -- full of our paper that they are selling in the market. explain that dynamic. tony: for years, yuan others have bought stuff that says made in china. and others have bought stuff that says made in china. it has used over half a trillion reserves to support its currency. split around to various bonds globally, but mostly to u.s. treasuries. one very important point in terms of portfolio management is that treasuries have provided the hedge in terms of a big boost in prices that one might expect when there is volatility. price has not gone up in th

the dollar can come in and out, but china -- i wonder how that is. yesterday we learned that the head of the china statistic euro is being investigated for corruption. we don't know if that is associatedith his current role, but there is a suspicion around the data continuing. is that our best bet, given that we were told the consumer is ok, that this was just manufacturing? the consumer cannot be ok. what is the story there? >> we don't have to use just the official data. we have something called the evidence lab, where we hold things in china face-to-face. the housing market theire looks fairly strong. there does seem to be demand and eastern regions for property and for people to move up the property ladder. you can always go out and get your own data, and that is something we have certainly done, or you can do something like commodity markets as a read for the state the chinese economy. it's not a particularly positive week for china, but we are not forecasting a complete deleveraging. we think liquidity will stay there, china will stay at 3% or lower, and the central bank will make sure liquidity is there between the banks. we're that expecting a deleveraging. our forecast has co

the north korean border. thousands march to china's liaison office in hong kong demanding answers to the mystery of the missing bookseller. others associatedith publications critical of beijing are thought to be taken to the mainland. -- rally went ahead despite embattledext, the president of syria turns to asia to boost his standing. ♪ breaking news that will have a ripple effect across the city in hong kong. the hong kong yuan overnight recordight has jumped a 13.4%. we are going to discuss the implications of all of that on the real estate market with our bloomberg news colleague later. the embattled syrian president bashar al-assad is seeking support from asia. last month, an official visited beijing. today, the minister will visit new delhi. what is the purpose of the trip? it is interesting that he will visit india shortly after visiting china. basically what the syrian government is seeking is more support from the big asian powers as it hasn't to peace negotiations with oppositions, set to start on the 25th. he is coming to india to see if he can get india to play a more vocal role in supporting the assad regime. position?t is indi

the new century chair in international economics. he's an associate nber and he was at the fund before chief of the financial studies division and head of the imf china division, so i think we couldn't have hoped for a better panel. so, just -- which one of you wants to start? >> i think it's going to be me. >> okay. all right. all right. >> well, thank you very much. good afternoon, and welcome to this seminar. mr. chu has given you very nice overview of the book. i would like to pick up on one important message from his remarks, and that is asia's financial sector still has room to grow and it will evolve to meet the needs of the future generation. that could be for infrastructure financing as he mentioned or it could be to mobilize savings for an aging population or managing a higher volume of cross-border trade or capital flows. so, it is very likely that we will see asia's financial sector become bigger, more complex, and more interconnected. now, in my next five to ten minutes that i've been given i would like to talk a little bit about the importance for asia to anticipate and prepare for these changes. and i will speak from a regulatory persp

the region. so far no radiation associated with the hydrogen bomb. >>> a story developing right now. a snowball effect after china'sockmarket tumbled again. a 7% drop in shares leads to the shortest trading day in its history. the markets were open just 30 minutes before they came to a halt. we're going to continue to monitor this situation. from the live desk, i'm erika gonzalez. >>> a 20-hour standoff in georgia has a deadly ending. the suspects fatally shot a 2-year-old and then turned the gun on himself. the incident started when the suspect got into an argument with his live-in girlfriend. s.w.a.t. team members had been inside that home for several hours but hadn't entered the master bedroom when they heard the shots fired. both the father and 2-year-old were taken to the hospital where they later died. too little too late is how the resident feel about how the governor handles the drinking water. they say they started complaining about the taste and the smell of the water back in 2014. complainted started after the city switched to a less expensive water system. >>> janet jackson is denying rumors of cancer a

the border. tousands of people marched china's liaison office demanding answers to the mystery of a missing bookseller. associateding and that are critical about the government. he has sent a message to his wife asking people to respect his privacy and stay off the streets. shares in hong kong and china are on the slide again darting a yuaneek with the offshore losing. they are trying to stabilize the reference rate. let us get you back to the ubs greater china conference. steve engel is there with our next exclusive guest. this is the big interview this morning. hello again from the ubs greater china fund first. -- greater china conference. we have the ubs group ceo. thank you so much for your time. completed its global restructuring and china is going through its own restructuring. what are your plans for this year which has started off pretty volatile? >> it has started how 2015 and it so quite volatile. -- we have to expect some kind of adjustments for 2016. those are also the good times to plan for the future and that is the reason we are starting to implement our strategic plan in the next five years. we wi

joe: so when you look at the overall economy, everything associated with oil is pretty weak. you look internationally at chinang markets quite weekend over knows when they will bounce back. -- nobody knows when they will bounce back as the one basket of strength is to be the u.s. household sector. there is not a lot of household -- not a lot of household leverage. is the u.s. consumer strong enough to withstand all of these things going on? steven: i think they are strong enough and insulated enough to be able to deal with the spillover from what we are seeing a broad. in particular, our good news is the stuff we have been worried about all this time. china has problems because it makes things. things are increasingly easy to make and they are getting cheaper. commodities are getting cheaper. our ip-intensive products and service-intensive products. those are more expensive. i think that the u.s. economy will be able to deal with this spillover and continue on its way -- it is not a super strong economy. potential growth may be around but we also seem to be able to deal with it. these issues, 2, 3 times a yea

china and tanking oil prices have spread to the stock markets being down today. >>> islam phobia dozens gathered on that controversial topic. they talked about terrorism and fear associated with islam for some people. muslims say they have a peace loving religion that has been distorted by a few. >>> chapel hill leaders meet today to discuss a flood problem fix. it's a common scene on these properties. the town has tried to work with the condo owners before to find after this most recent flood the hoa approached the town asking for help. emergency managers are meeting to see what could be done. >>> attorneys make closing arguments in christine mumma's trial. a state bar trial will decide whether she acted unethically. she is accused violating ethics. it could range from a written republic command to a suspension of her law license. >>> it's 4: 37. law leaders are on the move. >> the reason ahead. >> also ahead what two waffle them fired an >>> it is 4: 40 and of course it's a chilly morning. here's a look at what's happening in wilson county court house. everything nice and quiet. clear skies and it's going to feel like it did yesterday. 31 in clinton town by town. 27 in

china. christine lagarde, managing director at the imf. fang xinghai, vice chairman china securities regulatory commission. gary cohn, president at goldman sachs. ray dalio, chairman and chief investment officer at bridgewater's associates. thank you for joining us. chinese markets have begun the year with a lot of volatility. what do you believe is the underlying cause? >> i do not believe that -- [inaudible] rate last year was 6.9%. all the economic indicators -- china is still the locomotive contributingnomy, a quarter of the world growth since last year. , in terms of the market, there are certain volatility. of course, there are complicated reasons, one of which is the slow recovery of the world economy, so that the growth rate is flat. the world over. and the interest hike in the policy inhe economic the eu has led to volatility. commty prices are -- odity prices are facing pressure. this has become a new situation in the world. the world over is facing volatility. some reasons are normal. some are abnormal. there is a certain degree of panic in the market. proceed all, we have to with structural reform so as to .ead economy out of the low-end i think that is the most fundamental reason. secondly, the regulatory a

the only life he knew. he surrounded himself,m with thug ins china town and ordered the hit on allen. late today chow attorney began his closing arguments. focusing on his client's former associateso turned and testified for the government saying they were lying to get leniency. >> i tell the jury they went to the toilet and scraped thec bowl for the scum bag waaátááqj. rderers. and liars. and house invasion. career criminals that couldn't give a damn about law and truth. >> prosecutors after rebullets before the case goes to the jury. this is 7 news. >>> search is on in san francisco for a man who stole precious necklace from 90-year-old tibet woman. jewelry has tremendous sentimental value for the owne owner. they are the only possession she took with her when she left her native tibet 60 years ago. camera captured the crime in progress on christmas day. man grabbed two balancing from car on polk street. one bag had the necklace. her daughter was loading up the car at the time and says had stepped away for just a moment. the the camera at nearby store manager to get this picture of the suspected thief. any one who recognizes him should call police. >>> we have much more ahead o

the morn's headlines. the associated press reports the meeting to discuss ways to restart afghan peace talks. leaders from china pakistan and afghanistan will be part of the talks on monday. monday's discussion will not include the taliban which has been battling the u.s.backed afghan government more than a decade. >> minnesota and four other states are getting more time to roll out a federally approved identification card. homeland security secretary jay johnson announced friday that air passengers can continue to use their existing driver's licenses at airport security check points for another two years. a federal law required newer more stringent identification. >> political report ss reports calling on john kerry to release jason rezaian. he's been held since 2014 and convicted of espionage and other the length of the sentence was e spelled out. the executives say the u.s. should use its leverage with iran to free rezaian. >> and the new york daily news plans to distribute thousands of cases of premium whiskey have been scrapped. announcing plans to auction off the booze confiscated by criminals. is makers

the mentally anchored at brookings. he's an associate of dmbr. and he was with the financial studies division and head of the ims china division. i think we couldn't have hoped for a better time. which one of you wants to start? >> i think it's going to be me. >> okay. all right. >> thank you very much, mr. dirvish. good afternoon and welcome to this seminar. mr. chu has given you a very nice overview of the book. i would like to pick up on one important message. that is asia's financial sector still has continued to grow. that's before infrastructure financing or managing a higher volume of cross border trade. so it is very likely that we will see asia financial sectors become bigger, more complex, and more interconnected. now, in my next five to ten minutes that i've been given, i would like to talk a little bit about the importance that asia anticipates and prepares for these changes. and i will speak from a regulatory perspective. understanding new products, new markets and new risk will help asia build. so how can asia best do this? how can it best prepare for the changes that are coming? what are asia's strengths. asia ha

let's bring in neil ferguson, and here to talk china with us is the managing director at kissinger associates, in the old -- >> in his prior. >> recovering. >> right. gentlemen, talk a little bit about china because we've. talking about it from the market's sper teperspective, bu joshua, you see big concerns? we heard from christine le guard this morning saying it's a communications problem that china has right now. you think there's a loot more going on? >> i don't know that that accurately characterizes my view on it. my view is china is in the mids of a transition beginning with the reformed opening in 1998, continuing with ambitious goals. like any process, grappling with unknown. the level of complexity, that 1% growth is at a level far greater than years ago, but it's true if the long term goal of china is moving more people middle class, the economic model the last decade was not going to work. there had to be a transition. we're seeing that now. inevitably in transition, the old models shut down, new emerge, that means slowing down. >> looking at the communism party saying even though

. >> the question you asked i associate myself with the answer chuck gave. the chinese view of the south china sea is different from the american view of south china sea. we view it as international waters as part of our global trade efforts, the chinese have bought more proprietary interest in the south china sea almost as if it is an inland sea. and the different perception sets the stage for major disagreements based on a conflict. could lead us to problems with china which we try to avoid. it seems to me that is more the focus of potential security problem today than taiwan. >> at least three, four stars that i can see here. and opened to the audience, a few short questions first. and we be training -- for getting congressional restrictions, this is a policy question. this is a policy question. you, in washington don't like policy questions but should we be training young p l a officers at west point and other military institutions? >> yes. >> yes. >> did you worry? american command and control systems are very sophisticated. do you worry -- did you worry -- would you worried today about t

the headlines. the associated press reports the u.s. and the three other nations restart afghanistan peace talks. leaders from china, pakistan and afghanistan will be part of the three-day discussion and the last round stalled in july. monday's discussion will not include the taliban which has been battling the u.s. backed afghan government for more than a decade. >>> the "minneapolis star tribune" said minnesota and four others are getting more time to roll out a fedly approved identification card. jeh johnson announced that air passengers can continue to use their existing driver's license at airport security check points for another two years. a federal law require more stringent identification. >>> politico reports more than two dozen news executives are calling on secretary of state john kerry to urge iran to release "washington post" reporter jason resaian. some here at cbs news say that the u.s. should use the leverage with iran to free him. >>> you won't like the next one. the new york daily reports news -- of premium whiskey have been scrapped. authorities in kentucky had whetted the whistles everywhere wh

the slide. china's central bank has responded by bumping nearly $11 billion into the national system. the u.s. said it's standing firm with its regional allies. initial analysis doesn't support north korea's claims. the national rifle associationit will not send representatives to cnn's town hall with u.s. president barack obama. an nra spokesman called the event a publicity spectacle by the white house. a cnn spokesperson says the townhall was the network's idea, not the white house. >> and do trump says ted cruz should go to court and get a rule on whether he's a natural born u.s. citizen. it's the front-runner's latest shot at senator cruz as cruz's poll numbers rise. ahead of the country's first caucus. we have details on trump'sing position on this issue. >> donald trump taking aim on ted cruz's citizenship. >> if eif he had a canadian passport along with a u.s. passport. the problem is that if the democrats bring a lawsuit, the lawsuit could take years to resolve. >> questioning whether his canadian roots disqualify him for the presidency. >> i hope that's not going to be a problem for him. but i've been hearing a lot about it, so it's certainly a concern, i guess, for the party. but i hope that's not the case. i'm not i

the intercontinental economic department. gary cohn, president at goldman sachs. zhang xin, chief executive officer and co-founder at soho china. and ray dalio, chairman and chief executive officer at -- chief investment officer at bridgewater associatesthank you so much for joining us. ray dalio, is there something that the west misunderstands about chinese markets? and does that exacerbate the volatility we have seen the last few weeks? mr. dalio: i think there is a lot the west does not understand about chinese markets. i think the essence of what's going on in china is an adjustment. they have four major challenges. they have a debt restructuring challenge. they have an economic restructuring challenge, so they have to come up with a new model for the economy. they have a capital markets challenge. to build in an efficient way that circulates capital through the system better. they have a balance of payments challenge. having to do with the pressure on the currency. capital outflow, those types of things. these are things that have happened repeatedly throughout the rest of the world. the united states has had three major debt crises. we couldn't pay our debts in 1971. in 1982, we had a debt crisis. we had the s&l crisis. we've re

china. coal use has been declining lately. cassidy: is that related to the economy? >> it is also to the external costs associated with coal. pollution in major cities has become a public concern. chinese policymakers are deterred -- riots.been a cause of and we haveconcern seen renewables take on the shares from china. entirely just based on the government's ability. run, some of the coal factories in china have been effective. those are the ones that are been targeted for closures by the government. in india, cold remains a very the case forhe -- renewables transforms the idea --generated >> i think ought india in particular, i'm happy to share with you some of the exciting things going on with renewables, particularly solar. there are 400 million people in india with no basic access to electricity. one of the most interesting thelopings we have seen as result of the lower cost of solar, the small micro systems that are being distributed for $100 or less communities that provides basic power needs, to turn on a light or even a radio. these are the most basic needs that people have and are starting to be served. persondo th

he's the current head of the association of southeast asia nation whosz members are becoming more vocal in their complaints about china'suth china sea. marking the first trip by an iranian president in the first 16 years. he's also scheduled to meet with french president hollande and pope francis. >>> they released video of air strikes but did not specify when they took place. they say a thumb ber of isis fighters were killed in the strikes. the u.n. announcing in venezuela along with 14 other countries would have their voting rights temporarily revoked due to unpaid membership dues. venezuela's currently on the security council and that's your cnbc news update at this hour. back over to you guys. >> thank you very much. >>> shares coming in with earnings better than expected. that's not exactly helping the u.s. home builder's stock this morning under pressure. more than 4 1/2%. the building sector as a whole continues to struggle. the sector is down. joining us by phone to discuss it, steven east who's ranked number one by ins stusal investors. steve stephen, thanks for calling in. is that's what's plugging the stock?

the new medications must undergo to receive fda approval and world medical association president michael reported on the factors contradicts to america health and wellness gap in the coming weeks pulitzer prize winning talking abouts chinadiscontinued one child policy. former senators tom dashel offer solutions to resolve current state of partisanship in washington. also coming up, e jeffrey explain roosevelt unsuccessful campaign for the nomination, and this weekend, fox news correspondent james rosen looks at dick cheney's time in the bush administration. >> a man who stood near the political of power in this country for four decades uniquely up through 9/11 and iraq and beyond and you don't stick around at those levels unless you're really good and really effective and i think that's why the left has had such a -- such an obsession with dick cheney you see this in barack obama's comments and called in response to this interview and reporting of it that was widespread worst president of his i have life time a joke there,, obviously, but speaks to extraordinary influence on our time and b, central role he occupies in the universe of barack obama. >> airs on booktv every saturday 10 p.m. an sunday 9 p.m. watch programs

the two countries closer to war. thousands of people marched to china's liaison office in hong kong, demanding answers to the mystery of a missing bookseller. and for other people associatedith the association critical of beijing, were thought to have been taken to the mainland. the rally went ahead, despite the message that he had went asking for people to respect his privacy and stay off the streets. time now for a look at some of the stories we are watching for you in asia. we are going to get another indication of the chinese economy on wednesday, when the trade balance for december is released. experts -- exports declined while imports moderated. the make of hong kong -- korea decides monetary policy on thursday. if interest rate has been unchanged. economist don't expect a change. the bank will also update south korea's outlook for 2016. on saturday, taiwan alexa new president. the vote will pit the ruling candidate against the opposition democratic progressive party. she would be the first female f sher issue one -- issu won. it's a good look at what may move markets this week. joining us is northern trust cio, bob brown. will it be china or the robust jobs report