joshua littman he's an associate with the boston consulting group and has done prior research on the chinese currency i gentlemen this is cross-legged means you can jump in anytime you want martin if i go to you in hong kong first the international monetary fund says that china will equal the u.s. economy in two thousand and sixteen but others are even saying that the chinese economy has already surpassed the american one how do you look at it. well yes as you are saying that the most optimistic viewpoint of their time is economy may already be twenty of us and largest in the united states one so we aren't entirely sure where it is but certainly from our point of view the perspective of anyone from the united states and europe is generally a that still china is letting far behind and we think that's clearly not true and apart from the i.m.f. study by the economists really is just now saying was a lie the i.m.f. that china will be surpassing the u.s. as the number one economy in two thousand and sixteen the purchasing power parity terms and two thousand and eighteen a nominal g.d.p. terms or

yes so you're saying that the most optimistic viewpoint is there are bad the chinese economy may already be traders and lies and the united states won so the i'm entirely sure where it is but certainly from our point of view the perspective of europe and from the united states and europe is generally that still china is lacking far behind and we think that's clearly not true and apart from the i.m.f. we had a study by the economist released just now saying was a lie the i.m.f. bad china really surpassing the u.s. as the number one economy including sixteen in the purchasing power parity terms in two thousand and eighteen in nominal g.d.p. too and so we would think if they have not already overtaken the u.s. which is quite possible then to the and sixteen for those nations that's probably the latest date so clearly from an investor's perspective you better look at china gaining some exposure in some way from a geo political perspective clearly it's. gaining influence quite strongly and it's probably a good saying that this is happening you know a train in russia can criticize a lot in the

the dragon is the most powerful animal in the chinese zodiac. being magnanimous, stately, vigorous, strong, self assured, proud, noble, direct, dignified, intellectual, fiery, passionate, decisive, generous, and loyal. if there is any doubt this is the year of the dragon, just look at who has been inaugurated as the 43rd mayor of san francisco. [applause] the year of the dragon is a time for confronting vexing challenges, taking bold risks and embracing innovation, and just getting it done. and that is what the mayor has been committed to -- getting things done. as the first asian mayor of san francisco, he has been a champion for diversity in our neighborhoods and city, promoting our rich culture and heritage, and strengthening our international ties with asia and beyond. i am proud to introduce the host of this evening celebration, our dragon mayor, mayor ed lee. [applause] mayor lee: happy lunar new year. welcome to city hall. i immediately want to thank all the people here that are sharing our stage, from commissioner ch ang to our guest from

were you like, "mom, i like the chinese food from the restaurant better"? >> hinojosa: i think she knew. i mean, she's like, "oh, that's not real chinese food." and i couldn't understand what she was talking about, right? but then, you know, we would go to flushing, which was the... you know, the chinatown for the taiwan immigrants at that time. and then they would order like, you know, big fishes with, like, the eyes sticking out, or, like, you know, chicken claws, or, like, you know, cow's tongue. like there were all these, like, bits of animal that you don't see in an american supermarket. and then i was like, "why can't we order beef fried rice," or whatever. and they're like, "that's not chinese food." like, "don't do that." but in my reference to the world, you know, it was chinese food, and it was going to china when i was older that i was able to sort of understand, "oh, wait, this is really different," you know? and in traveling the world and also spending a lot time studying in taiwan i understood suddenly, like, "oh, my god, chinese food adapts."

and so in april 1965, the chinese give the order to send troops to north vietnam. and between 1965 and 1969, there are 320,000 chinese troops that serve in north vietnam. at one time there's as many as 170,000. this is critical in many ways. to the north, they want these chinese troops because the more chinese troops there are in north vietnam, that's two things. one, it acts as a trigger. if the americans come north, there will be a war with the chinese. and this is helpful to the north vietnamese. plus, if there are chinese troops in north vietnam, the north vietnamese can infiltrate more of their regular units into the south or cambodia or laos. when you think about american options next week, think about american options for dealing with this war, keep in mind the chinese presence here and the factor that that brings to the table. now, in 1964, the north decided that they would consolidate their control over the central highlands and they would extend into other parts of lowland areas of vietnam. and they're thinking that now they're getting prepared for what th

150,000 went to france so there were a lot of work of attendees and france and the chinese fossils a great him was a group of youths went to france in 1920, 1930, 1920's and from that group came the communist youth league and to get their first of all they had to be pretty well the jacket to the and that meant their parents had to have money so they were not from the worker class or peasant class they were from club brooch what class but what they found was that if there were no jobs for them. the french that survived the war had come back and france was suffering and inflation and depression and there were not any jobs and the factory jobs that were available went to french men and they saw that they were living in very lavish homes and a very luxurious style of life and yet the workers were very poor, and at best, the chinese the were over there to get dirty greasy jobs and the ordinary french workers didn't get. so when they formed their study groups and tried to think about what is the broader explanation of what's going on, what happened several years earlier in the 17 made a lo

point i talk about the scenario of the chinese dumping their u.s. government dead and raising interest rates and sinking our economy only to set the stage only because everyone else talks about it i actually don't think it's a threat for two reasons number one the minute they tried to do that the president with one phone call the fed could freeze their accounts and place all these treasury bills they're not paper they're not physical there are electronic book entries on the fed wire system the fed is the keeper of that system along with the treasury them is they they tried to dump them. we can freeze their accounts with an executive order you don't need any legislation from congress they would be locked in place and we'd say chinese we're not stealing your money we're just putting in escrow for a while we're back here in terms of when you can use it so we can freeze the whole three trillion they can't dump it if i could actually treasuries would rally because we take that off the market there'd be a shortage of supply the other thing is they're compl

and yet the workers were very poor. and at best a chinese who were over there could get to decrease each of the ordinary french workers didn't want to get. so when they form their study groups and try to think of what is the broader explanation of what is going on, which has happened several years earlier the soviet union in 1917 made a lot of sense. it seemed like the blue schwab people were exploiting the working class and that the countries that were already fairly well rebuilt were exploiting -- the imperialists were exploiting those from poorer nations said the group that had gone to france that was so disappointed they could not study in the universities, they were not able to save enough light to get into university said they just can t. need to work in that you fear that they were very disillusioned both with their own country for not coming up with scholarships when it would encourage to go there and for the french government for not making any effort to support them. and so they formed the communists workweek. the leader of the gro

purity worked for the chinese people a day late. -- he is chinese and he worked for the chinese party. they knew immediately that he had been murdered. regionally they thought he had died of excessive drinking. -- or originally. it led to the downfall of one of the country ' most powerful politicians. >> there is a murder inquiry now. how far as the progress? >> we do not know. u.k. government has been asking for transparency, for the chinese authorities to ask if they need any help from the british. the fact is, all we know is that the police here knew that the murder took place four months ago. it took the chinese authorities for months to announce that neil hayward had suspected his wife is the prime suspect in the the murder. the chinese authorities -- there will be eight throw investigation of the british businessman. but with so much political intrigue and so little transparency surrounding this case, i think many people think that -- >> u.s. secretary of state, hillary clinton, shoes on foreign arms embargo. the u.n. says to the ceasefire is still being broken. clinton sa

therefore, the censureship is -- chinese people should know the reality.nsorship is very -- >> if the censorship goes and the reality comes out, there is more chance of a deal? >> certainly. hundred percent. >> let's take a short break. i'm going to come back and talk to you about america. i want you to tell the american people what you think of modern america. and how to keep america great. because you've seen america for six decades, seven decades now. i'm interested in your view. guys. come here, come here. [ telephone ringing ] i'm calling my old dealership. [ man ] may ford. hi, yeah. do you guys have any crossovers that offer better highway fuel economy than the chevy equinox? no, sorry, sir. we don't. oh, well, that's too bad. [ man ] kyle, is that you? [ laughs ] [ man ] still here, kyle. [ male announcer ] visit your local chevy dealer today. right now, very well qualified lessees can get a 2012 equinox ls for around $229 a month. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environ

in china itself, i think during the revolution, on important chinese mon monasteries, they burn. there are cases. they believe in nonviolence, and then the kings are desperate. and they sacrifice their own life. so very sad. so important thing is to express this it's very sad. but we must think, what is the cause of this desperate situation. >> what do you think it is? >> that's obvious. i often tell chinese friend, now time come, chinese government must think seriously, and then they must follow the guardians of the policies, they must follow the policy as stated. so their policy must be realistic. so then the things -- they once didn't know the reality, and then process of policy according to reality, that is the policy. >> many of the tibetans who are taking their lives are doing so because they want a free tibet. that implies that they want separation from china. but that's not what you want. >> no. >> you don't think that's achievable? you think it's better to have a shared power. so what do you say to these young tibetans who are desperate for a free tibet, who are chasing s

the average chinese citizen all knows about that now. serve talking about this in beijing and that's unusual. >> rose: we continue this evening with sebastian thrun who is the founder of google x. >> it's been a long time dream to understand the human became and intelligence systems and in bits and pieces that have exceeded human intelligence we have better chess players. but in the nda daily things we are still behind so we have no computer today that could look at the table and say, oh, that is glass and this is a cup and there's probably coffee in there. >> rose: we conclude with jack dorsey one of the founders of twitter, the chairman of twitter and also the head of a new company called square. >> it makes sense that facebook would pick it up and facebook's core competency is photos but facebook is known for the past tense, photos are in the past, they're in albums, something you have to maintain. you have to maintain your relationships. instagram represented the now and the present. >> reporter: osnos, thrun, and dorsy when we contin

the chinese yuan fell in value against the american dollar.darren girsh reports that's corrects a strong message to us. >> reporter: for years, many criticized the chinese trade policy, and the yuan is massively undervalued. 20 to 30% too cheap against the dollar if not more. so when the chinese market gave the market more flexibility to set the exchange rate, it's worth noting that the yuan actually got cheaper. >> i think they're just saying you know what? there's two way risks, don't count on us to deappreciate the currency. >> it's where the chinese government thinks it should be, especially considering growth is slowing. >> the fact of their monetary policies, and all shines that china is worried about the economy, and that they don't want too much more appreciation of the currency, and they're doing the best to boost the economy going forward. >> still the long run collection is clear. they want to be a global economic power with the currency to match. that's a long slow marc >> by the time they walk through a door, they're pretty certai

and the great escape. a blind chinese resume human rights activist eludes captors to find a dliptic haven with the u.s. and beijing. no short and of targets at the white house correspondents dinner. president obama mocks them all. >> in the vast magnificent hilton ballroom or what mitt romney would call a little fixer upper. four years ago, i was locked in a brutal primary bat with hillary clinton. four years later, she won't stop drunk texting me from cartagena. >> good day. i'm andrea mitchell live in washington. four years ago, they fought like cats and dogs. >> he's very likable. i agree with that. i don't think i'm that bad. >> you're likable enough, hillary. >> give me a break. this whole thing is the biggest fairy tale i've ever seen. >> but they've worked so hard to patch it up in the years since and last night, bill clinton headlined the first of three campaign fund-raisers for the president. and helped raise more than $2 million for the re-election campaign. the party was even hosted by hillary clinton's former

the chinese had hacked into the military computer domain. you have a lot of different aspects where you are looking at the part of homeland security being hacked into. the department of justice was packed into. all of these areas are vulnerable. guest: host: what is the scary as a tack that you know of? guest: there was an attack that resulted in a lot of the blue prints that were part of the f- 22 fighter being compromised to the chinese it. you have a situation where a lot and formation that is proprietary to such as encryption information when they encrypt networks. there was a huge breach of the security firm. rsa has a government contract to protect government i.t. networks. the breach of their network shows that even in print it -- in cryptic networks are vulnerable to attack. the basic monster right now is if you know you were hacked, that is one aspect rate if you don't know that you were hacked -- one aspect is that if you don't know that you were hacked, you probably were. host: there was a bill that was passed in the house. guest:

china and the chinese economy, the second-largest has -- the second-largest economy has slowed. this is lower than most analysts had predicted. this raises more questions about the ability of the chinese leadership to keep the economy on track. >> china's retailers are having to try harder to ship their goods. this is partly because up delivered at times by the government to rollback the boom before it got out of control. >> consumer demand is not as big as last year. first, the government suspended all subsidies for home appliances. second, there are policies to protect the market. >> is the party over for the chinese economy? most experts say there is still momentum but the atmosphere is more muted. what china is trying to shift away from an enormous export- based drive to one that is more dependent on its cellphone. they are trying to do it at a time where they are trying to get to the inflation under control. -- china is trying to shift away from an enormous export-based drive to one that is more dependent on its own. >> china had more than 9% growth. even with the pace of e

these are the first for the navies. chinese commanders have deployed 18 vessels including two submarines. the russians have sent seven ships, including a missile cruiser. they say the two powers want to emphasize their military ties to counter the u.s. armed forces. pentagon regions adopted the new strategy last year that puts a renewed focus on the asia pacific. both the chinese and russians are modernizing their military capabilities. china's defense budget this year increased by more than 10% to more than $100 billion. military leaders have pushed to develop more advanced aircraft carriers and they are overseeing the next generation of fighter aircraft. russian commanders plan to spend more than $700 billion by 2020 to modernize their armed forces. they, too, are working on new hardware, including submarines and missiles. some observers say the russians have another goal. the chinese are developing a j-15 fighter. the plane resembles russia's aircraft carrier best fighter, the sukhoi-33. >> translator: the russians have comp

you can see from the report, even by chinese media. from the police chief, we do not really know what he has to do. from the report, obviously already sort of had some kind of evidence, will be scrutinized, not only by chinese media and chinese people but also globally. i really expect a rather fair trial of this particular case. >> if they have already arrested her, they said she is being held by the authorities. i think that they -- with the have already put out about it, murder of neil heywood and so on, i think it is -- she is going to be found guilty. i mean, she may well be guilty, but i think she is going to be found guilty. >> thank you all very much. next week, the people of france of votes and begin the process of determining whether nicolas sarkozy will serve a second presidential term. while he has been in office, france has lost its triple a credit rating. his socialist opponent francois hollande claims he can save the economy by spending instead of cutting. a message to voters seem to like. so how is nicolas sarkozy trying

the british government pushed the authorities to reopen the case. chinese officials initially sacked the business -- said the business and death was accidental after excessive drinking. >> it is a death that needs to be investigated. on its own merits without political considerations. i hope it will go about it in that way. >> this investigation goes to the very heart of china. neil heywood was priced for his contacts with bo xilai. he is also under investigation after it a police chief tried to defect to the americans earlier this year. all this makes for china's biggest political scandal in 20 years. it comes as the country prepares for a once in a decade leadership change. >> this is a political decision by central leadership to hang him out to dry. with this family. >> the chinese authorities have set up a team to investigate neil heywood's death. what happens in the city continues to make waves across the country. >> to tell us more about what is going on, i am joined the faculty director of the university of chicago's center in beijing. thank you for

but in the chinese world, it's never one or the other. is that they are always living, in a sense, co-terminusly, always together. defining each other and also the concept there of luck we saw, i mean these are inscrutable things about how the universe is put together and why things happen to us. and we want to wish each other luck as things happen that don't know where they come from and why. >> this is a question that may take a whole other teleclass to answer. but, just instinctively i'm struck by how radically different the eastern way of perceiving the world is and the asian way, why? anything that comes to mind how could such diverse ways of understanding reality emerge and then, bring forth different religious expressions? >> i don't know off hand that's a deep, deep question how that emerges - >> it frustrates me - >> i understand, where does this - what social experience really had to be there to create a context where this was the insight that emerged. and i think that the period of confu and lao tzu - was a chaotic time, it was