live from mumbai. >>> well, not too far away, china's premier wen jiabao saying china banks made too ch money. saying monopoly needs to be broken to allow private capital back into the financial markets, financial sector. wen's comments comes days after beijing said liberalization methods for the city. it's all part of trying to spur investments in local banks. the city's success should be replicated nationally. let's get reaction to this interesting development. we're not getting reaction because the choina markets are closed. miranda, we've heard this rhetoric before. how serious is china this time about financial reform? >> well, you've got two separate things in the story. the idea that they're going to break up the major banks and break up the monopoly that the bank has is vaguely -- i mean farcical. obviously they're going to keep nipping the main line supply of finance to the economy. he was talking about small companies who are struggling to raise capital. and as a sock to the audience, he was saying they're going to allow more private capital in. so the ones strapped for cash

under about eight hours here from beijing and he's made an appeal in that video to china's premier wen jiabao with the three demands. the first one that he was saying that the violence he said that had been inflicted on him and his family by which there have been many report, beatings and the likes and that should be investigated and he named local officials who he said did that and he calls china's premier to do that. and he calls for the safety of his family. that's his daughter and his wife who have been be under house arrest with him. his daughter was prevented from going to school by local authorities by one point. and he also calls for the government to tackle corruption and abuses of power. so direct appeals, but what we've heard then from activist who is say they were involved in helping him to escape is that he is in what they say is 100% safe location in beijing. they won't specify where that is. >> let's take a look at some of the other stories making headlines around the world today. the west african group of nations has agreed to send troops to oversee the return to civilian rule

and china's trying its won in getting a slice of the arctic energy as its premier wen jiabao embarks on a tour of europe. next moscow our team continues its relentless hunt for fun to be had in the russian capital. hello konichiwa on the streets probably taking a look at japanese culture in the russian capital although it's several hundred thousand kilometers away many muscovites are fascinated by such subjects as our asian cuisine animation so joining us as we take a look at various shops classes sports and festivals starting off here. although thousands of kilometers from moscow some people forget that russia japan the far eastern areas the country the creels and the island. the two countries have strong commercial relations the russians have been fascinated by japanese traditions and culture for centuries. opened in one nine hundred ninety eight to japan foundation here is a welcome addition for everyone in moscow from japanese ex-pats to the thousands of russian students japanese. as you can see the live restocks thousands of books videos d.v.d.'s and c.d.'s. and all are availabl

high tour of europe the country's premier wen jiabao is expected to try to strike a deal with iceland to allow beijing to gain a foothold in the icy region well for an expert opinion i'm now joined live by going to a senior research fellow of the skulk awaits you for emerging market studies thanks very much for being with us here in the program sir now last year is a new chinese business men try to buy a swathe of land of iceland that sparked debate if it was a bid by beijing to get its hands on the riches of the arctic now the deal was blocked by reykjavik so do you think on this visit china now will be trying its lucky head again. well i'm not. sure about the previous law. for this move that i'm not aware of any pause. between attorneys prime minister i think. about eleven purchase punky my understanding is. it's mainly we have a bilateral trade and relations and a key part of the amount of cooperation in your case and if there were another. you know what i'm probing a bit tricky i should china probably look for another cell or perhaps other ways of getting its hand on the resources

he accuses local officials of corruption and calls on prime minister wen jiabao to act. >> premier wen, the lawless occurrences are confusing to the people. the cadres are abusing power on their own, or do they have the support of the central government? i think you should give the people a clear answer on that. >> he has been under house arrest for a year and a half. these pictures show security forces blocking a road into his village last year. activists say local officials broke into a house belonging to his relatives last night and arrested his brother and nephew. >> you have heard about green cards. germany will now start to issue blue cards. they will be giving them to foreign specialists seeking work here. >> it is essentially a working residency permit, legislation passed in the bundesta andg to attract highly qualified workers. >> especially important for a country like germany facing severe shortages in skilled labour. >> they see the blue card will make it easier for foreign specialists from non-eu countries to work in germany. the minimum annual salary will be lowered hopin

he asked wen jiabao if the local officials were acting on their own or with the support of the central government. i think you should give the people a clear answer, he said. in recent days, china's leaders have been struggling to contain one crisis. chen guangcheng's this data gives the menu problem. -- escaped gives them a new problem. >> an extraordinary tale of bravery. to japan, where the issue of u.s. troops stationed there since the second world war has long been a strain on relations between both countries. now it seems a compromise may be close. thousands of u.s. marines will leave their base and okinawa. at least 10,000 u.s. troops will remain in the country, much to the annoyance of the locals. >> for more than 60 years, japan and united states have been allies. flags of the two countries are flown at side-by-side i basis in okinawa. many islanders the been reluctant hosts. now 9000 marines are being moved to locations in the pacific. a substantial presence will remain. the announcement comes days before japan's prime minister flies to washington to visit the white house. it

and china is trying his luck in getting a slice of the arctic and its premier wen jiabao embarks on a tour of europe. next week and our report on a drilling boom in america's rocky mountains where locals have found out they don't own what's under their land and seen derrick's rising on their doorsteps. in two thousand and four some residents in garfield county began to complain if they were getting sick as a result of the drilling activities in their neighborhoods. a young woman from sils laura amos was one of the earliest and loudest voices. as everyone in this room probably knows my groundwater has been contaminated with methane williamsport gets a lot of people in this room with contamination and pollution issues so who then is responsible to me for that that loss of my welfare if it's not you the gas commission if a whale is drilled next to your residence near your residence within the legal setbacks and there's a perceived or real impact on your property value we don't address that in two thousand and one gas wells were drilled using the fracking technique a mere five hundred fee

last month premier wen jiabao told the congress it would set its growth target for trade volume at about0% this year, however the pace of growth stood at 7.3% in the first quarter. >>> social networking giant facebook is making a bid to enhance its services and boost its user base. the company has announced it will buy instagram, a popular mobile photo showing service for $1 billion. facebook made the announcement on monday. the deal is the company's largest ever acquisition. ceo mark zuckerberg said it is an important milestone because it's first time facebook has acquired a company with so many users. the san francisco-based instagram was founded in 2010. it has 30 million users who share photographs using smartphones and other mobile devices. instagram offers editing features including filters that can make images look like vintage photos. >>> here are the latest market figures. >>> china's animation industry is growing at break neck speed. until now, foreign anime from japan, the u.s. and else where has dominated china but chinese anime creators have now entered the competition and f

. -- wen jiabao. he stayed violence inflicted upon him and his family on which there had been many beatings and he named many local officials who did that and calls on the preerm to investigate that and calls for the safety of his family which is his daughter and wife. he said his daughter was prevented from going to school by local authorities at one point and called for the government here to tackle corruption and abuses of power. so direct appeals. but what we've heard then from activists who say they were involved in helping him to escape is that he is in what they say 100% safe location in beijing. they won't spess five where that is. >> what are the authorities saying or doing about this? >> well, they are saying not very much but we know they have already moved, we understand, to round up some of those who may have been involved in helping him escape from his confinement. there was one activist, a woman who said that she had helped by driving him away at the weekend out of the prove ins where h

banking stocks but a really suffering in the asian markets today and that's after the chinese premier wen jiabao he criticized the state's state owned banks dominance in the finances state so he's saying they've got a monopoly and this needs to be addressed now because of that we've seen the banking stocks taking a tumble because they're really concerned that they're going to be broken and absent as you can see you've got the hang saying over a percentage down there the nikkei is also suffering a rather further percent in negative territory and that's following on from their best first quarter performance since nineteen ninety eight when the boom years so it's a completely different picture for japan in the start of the second quarter of this move on to the u.s. stocks and see how they finished up yesterday because news coming out of the u.s. was really setting the tone yesterday after ben bernanke the federal reserve chairman said that he wouldn't be installing more pointed pumping more money into the system that didn't go down too well to get the dow jones and then both responded rather negati

holiday why because chinese banks are really taking a hit now that's after the chinese premier wen jiabao said the state banks have a monopoly they have too much control and he is suggesting they be broken up so therefore we're seeing stocks in china losing ground very much so as you can see there over half a cent is down in negative territory. i should tell you that. ok so let me confirm chinese is over we sent in negative territory at this hour just to confirm that we get the graphic so it's about next hour for you let's talk about japan quickly coming easy losing momentum however if we talk about you. still say the best first quarter performance in percentage terms since the boom times of nineteen ninety eight why now there's a number of reasons not to policy easing in japan the government is really been intervening and it seems to be doing the trick as well as out one of the biggest trading partners the u.s. is also seeing some positive results coming out of their manufacturing sectors out so how have a look at u.s. stocks so yesterday now it was a selling day as far as traders were c

increasingly hungry for a slice of the arctic's and a tour of europe the country of sperm your wen jiabao is expected to try to strike a deal with iceland to allow beijing to gain a foothold in the icy region covered by suv who's a senior research fellow at skolkovo institute for marching market studies and he rising country should be on the issue is it not or not to be run over by developed states. for morning market speaking more to markets like china russia brazil. almost. everywhere in the war things developing countries for the e.u. from the world resources for years so little commerce like china. and i would be financial and economic if. the primary goal. here. though. and very much has been that i would. trade relations with europe. and the be and. need to be everywhere so i would be the primary go away to. get access to resources and through the trade i can find and we can come to. now take a look at some other stories from around the world thousands of fishermen in chile have gathered to protest against new fishing morry forms the government passed a bill in march to help sustain

when safe, chen released an internet plea for help from china's premier wen jiabao. >> my family is still in the guards' evil hands, he says. my escape will make them worse. >> chen's accomplices are already paying a heavy price. his driver peirong was taken away by police after talking about her role on china's version of twitter. others who sheltered chen in beijing have also disappear mood detention. >> there are a grow og number of people inside china who are willing to take extraordinary risks simply to try to make the government answer to them and function in the way it should according to the laws on the books. >> reporter: chinese and u.s. diplomats are now believed to be bargaining over chen's fate so he has his own demands. >> he does not want to go into exile, as activist zeng jinyan in a phone interview. he wants to stay in china to continue with his work. he might no have a choice. the u.s. is likely bargaining for chen and his family to go to the united states. two months ago core result police official was reportedly denied asylum at the u.s. consulate in western china. so

and some, like premier wen jiabao, seem to suggest that maybe something that looks more like legitimacy based on consent might be necessary. now, the idea that these leaders have is that perhaps people could elect their local leaders. but, you know, people elect their local leaders, pretty soon they'll want to elect their provincial leaders and elect their national leaders. authoritarianism isn't ultimately stable, and it is not consistent with the development of human potential. now, it is also true that china is a challenge for us in strategic terms but only if we seed that ground. can china really challenge us? we are alpa civic military power unmatched in human history, and we should remain so. and if we pay attention not just to being bigger and more expensive but being better in cyber, in space, with missile defense, then, indeed, we will be able to sustain our dominance in the pacific. if we pay attention to the wonderful strong alliances we have with other democratic states in japan and south korea and the philippines, in australia, then we have a basis for american leadership t

possible that people can be struck to allow china some kind of observer status all the chinese premier wen jiabao is also planning to visit sweden which is a country that's already on the arctic council so can we expect deals on the arctic to be signed there as well. i think that is a very strong possibility i think many arctic how trees are interested and for the developing their ties with china is very interesting. several arctic resources including potentially seafood in the case of iceland geothermal energy and various other goods and services in the region so yes it is very possible as you just said there are some countries that are interested in corporation with china. but there are some countries that actually might blog and stop chinese interest there for example norway now is that a possibility or is china too powerful and rich to be stuck. well i don't believe. norway is interested in kind of hiring the current diplomatic in-house between it and china to the arctic council i don't believe that there is an attempt to try to get there there is however been some problems of the kind of dow

increasingly hungry for a slice of the arctic's energy pine on a tour of europe the country's premier wen jiabao is expected to try to strike a deal with iceland as part of china's effort to gain a foothold in the icy region discuss china's implications of vicious let's talk to dr again chan research fellow at the east asia it is their decision thanks very much indeed for being here with us in the program first off in your opinion how does china stand to gain from the arctic. but actually china generally could benefit from the accelerated i saw gabrielle going in from the arctic region which we should or the provides and seasonally. routes connecting a europe north america north america and asia and otherwise out disk would also provide access to those on develop so resources in the arctic region which is also why they are for china's development right while china is seeking to join the arctic council which is the group coordinating communication between arctic hold forth do you see china making a kid out of what is a sion i do use a very possible you and your future there china could get in. pe

now president, prime minister wen jiabao, quite often, several location including i think his meeting with cnn. he mentioned china needed political reform. so he seemed to suggest -- >> are you pleased when you hear that? >> oh, yes. now, as i mentioned earlier, fundamentally i believe china belongs to 1.3 billion chinese people. not communist party. >> is china's power -- >> so it is changing. >> but is china's new power good for tibet or is it dangerous for tibet ecause the rest of the world may become so fearful of offending the chinese that they stop talking about tibet. >> yes. in some, yes, that's right. more sort of cautious. but somehow, it's a tibet issue. it's very much just issue. and also a moral issue. so number of chinese also showing their genuine sort of sense of solidarity with us. and world, every -- many parts of the world, at least who know something about tibet, about its had current situation, i think very, very sort of sympathetic. they have very much concern. and political field or business company, sometimes they are a little bit sort of cautious. >> how did y

and china's trying its luck in getting a slice of the arctic energy paez its premier wen jiabao embarks on a tour of europe. as a trial of norwegian mass killer anders breivik currently underway das law has an admittedly bra bad grade mammaries from last year shocking attack but how the crucial lessons been learned ask your labelling has crossed up that's up next on our team. kicking. the can. blow in welcome across town futile adult insane or murderous right wing fanatics this is what a norwegian court must determine in the wake of last year's massacre of seventy seven people and his bravery clearly holds extremist ideas and is a narcissist but when one strips away his extremism much of what he has to say can be found in conservative media all through the western world when it comes to multiculturalism what is really on trial here. can. start. to cross out the case in norway i'm joined by rachel martin in paris she's a political communications strategist and sydney catered columnist in oxford we go to roger griffin he is a professor of political theories that oxford brookes university

chinese security forces, which are controlled by the politburo want to cause trobl for hu jintao and wen jiabaoi'm getting there will be more near the embassy when chen is released. >> and that might be what chen wants. that might do more to embarrass the politburo. it's still a communist country. >> that's why he doesn't want to leave. he knows if he leaves, he'll be marginalized. if he stays, he could become a real force to change. >> all right. gordon chang giving us the inside scoop. thank you, great to see you. >> thanks. >>> up next on "kudlow," new census numbers and bureau of labor department statistics. they say women are being paid less than men. but wait a minute, wait a minute. the labor department admits it's a gender hours worth gap, not simply a pay gap. we're going to reveal the truth, right after the break. in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities, they can create and maintain high standards, from kitchen to table. this tec

chen released an internet video begging chi near premier wen jiabao to protect his family. although i'm free, my worries are deepened, he pleads. my wife, mother and children are still in the guard's evil hands. video creates a major embarrassment for china and a political nightmare for washington. the obama administration must convince chinese authorities to free the man they consider a criminal. republican presidential candidate mitt romney released a statement pushing u.s. diplomats to stand up to beijing, pressuring them to take every measure to ensure chen and his family's safety. the activist escape couldn't are come at a trickier time. secretary of state hillary clinton and 200 other top u.s. officials were already coming to beijing this week for meetings meant to boost bilateral relation. instead, assistant secretary of state kurt campbell is reportedly involved in tense negotiaions determining chen's fate. the clock's ticking. sources in touch with the state department tell us there's a push to sort out a deal for chen and his family before the official u.s./china