from xi jinping's point of view, this is bad.herefore, the commonality of interest i think is becoming sharper. having the chinese and the u.s. engaged in this kind of dialogue is, i know come in both countries interest, and then large constituents think the same, so when i point to the future, yes, we can talk about the marketplace reform and the economy and its implications for chinese growth into the future and its impact on the global economy. that is important. cyber, critically important. but when i look at the north korean nuclear weapons program this is an area where the two countries, u.s. and china, have so much in common. ian: thank you. kevin rudd: thank you for having me on the program, ian. ♪ charlie: is there a possibility that democracy could arrive in saudi arabia? prince saud al-faisal: i made a bet with somebody that even with the presence of iraqi forces forces in iraq, presumably to bring democracy, that saudi arabia would be democratized before iraq. we will see whether that bet - charlie: do you still belie

the arrest comes amid xi jinping's crackdown on corruption.oins us live from beijing with details on this. president xi jinping's anti-corruption sweep continues. what is ling jihua accused of doing? >> he's accused of violating communist party discipline and rules. he is accused of accepting enormous bribes through his family. he's accused of seeking benefits for his wife's businesses and then in a bit of a contradiction here he is accused of quote, committing adultery with a number of women and trading his power for sex. so he has been under investigation since december but now stripped from the communist party and under arrest. he could have been described under president huh jintao as being a chief of staff. this is a formerly immensely powerful communist party officials at the top of the chinese pyramid of power brought down and facing perhaps life sentence or worse in chinese prisons as a result of this anti-corruption drive led by the current leader xi jinping. >> let's talk about that. ling was hu jintao's right hand man and observers

charlie: you raise the question of xi jinping.hat does this do for the confidence in the leadership? guest: one of the key planks is his economic reform program. there really is no political reform program. it was to let market forces play a more critical role in allocating resources. and here, we have the government intervening in a very heavy way into the stock market. it is a direct contravention of that intention to marketize more and let it become more like the global economy around them. he has been in many other ways asserting controls over other aspects of society and the economy, and so this failure to be able to prevail in the stock market he comes all the more stark. guest: we know why he's doing it. he's doing it because the implicit deal between the leadership and the people as we are going to bring economic prosperity, we are going to make you rich. people find they are 20% or 30% less richer than they were, it creates political and social instability. i don't go to china as often as these guys, but i go a couple tim

the thing we are focused on is september's meeting with xi jinping and obama. us, that is the most important event this year. that will kick off how china gets back into the game. they want to focus on exports and imports, making sure they are not locked out of the protocols. if that's the case, xi jinping trying to negotiate that with obama, he's going to have a very steady currency, potentially a stronger currency going into that meeting. the band shouldn't be a band anymore. it should just be highly managed currency. some big events coming up in the next couple months. rishaad: well [indiscernible] yvonne: coming up next, it has been plagued i criticism, but is the tpb about to pass? rishaad: more right after this short break. ♪ yvonne: trade ministers from 12 pacific countries get together in hawaii this week to push for agreement on the tpp. the deal aims to create a broad pact accounting for 40% of world trade. as paul allen explains it is attracting plenty of criticism. paul: the setting looks idyllic the negotiations probably won't be. after five years

it comes amid xi jinping's crackdown on corruption. >> ivan watson joins us now live from beijing more with the accusations against ling and the anti-corruption sweep looks set to claim another victim here. what is mr. ling accused of doing? >> reporter: well he is accused of trying to seek personal gain of accepting huge bribes of violating communist party principles and rules, trying to seek betters for his wife's businesses, and i guess simultaneously, quote, committing adultery with a number of women and trading power for sex. and it seems like he is just the latest in a series of what have been described as tigers former -- some of the people at the top of the government pyramid here in china now brought down by president xi jinping's anti-corruption crusade. and this man is notable because he held the post that was the equivalent to being the chief of staff for xi jinping's predecessor, president hu jintao. >> and who two other high ranking officials have been imprisoned recently on corruption charges. it's not typical that someone will be suspected of something as serious as thi

. >> xi jinping, is this the biggest knock on him as president that you've seen or would you point to something else? >> i think if you stand back a little, there's a great danger as we look at china that we are captured by the instantaneous rather than looking where the country and economy is going to in the long term. i am much less concerned at an anist of china about what's happening in the stock market at present than i am how stable the chinese growth rate is over time. that i think is a much more legitimate basis for lengthy public policy debate around the world than the stock market. bearing in mind the stock market occupies a fairly small proportion of chinese total economic activity. it's not par reel role to what's played by the n.y.s.e. in this country. so frankly, i think the real challenge they face and if i was xi jinping, i would be focused ton sustaining growth rate at 7%, i think they can keep it as 6 over time. it's going to get harder. global is down, europe bumping on the bottom, america a bit better and chinese consumers are not consuming as much as the chinese g

now some would argue that xi jinping is going after his former rivals.o bolster the image of the communist party, which has been sullied in the eyes of fact: when pharmacists are in pain the medicine in advil is their #1 choice for pain relief. more than the medicines in tylenol or aleve. use the medicine that pharmacists use most for themselves. relief doesn't get any bter fa fa fa fa # snoo >>> the reopening of the embassies in havana and washington cap a remarkable change in u.s. policy toward cuba, but if is not without critics. armando is a writer and political activist and was protesting outside the embassy on monday and joins us now from washington. what is to be gained by cuba maintaining that policy of continuing on with the diplomatic deep freeze. >> little has been gained for the cuban people. the cuban government basically has stated they are not given any kind of freedoms or independence in cuba, that the press will keep under the control of the state. i was there in the state department today where the ministry of foreign affairs of cuba an

zeb: who considered perhaps a barrier to xi jinping when he took the post.his is the latest top official to be ensnared in xi jinping's corruption probe. we are talking about lynching we were talking about the former chief of staff to president hu jintao. here are the charges that may be coming in the criminal case put together. bribery, obtaining party and state secrets, and violating party discipline. according to the should one news thecy siding the -- citing politburo, he carried on sexual relations with many women and flouted party discipline in that way as well. that signals a criminal case is on its way. as we said, the latest senior government official or former government official to be caught up in this dragnet. angie: this is the latest of using thing class high-level corruption -- of xi jinping corruption probe. dan? --se does this stand? zeb: someone with a life sentence in jail. a former military chief was to stand trial this year but died of bladder cancer in march. ,he next politburo boss security chief, locked up for life. these are the so-c

so too most of the other reforms that xi jinping has talked about putting in the last two or two and a half years involved difficult times of relaxing control. and so far this is, i think it's significant for china in general because it's one more sign of a promised reform that in fact has been going the opposite direction in the past two years. >> you raised the question of xi jinping what does this do for the leadership and confidence for the leadership? >> one of the key planks for this economic reform program and remember, there really is no commit call reform program. what was to let market forces play a more critical role in allocating resources. an here we have the government intervening in a very heavy way into the stock market. so it's a direct sort of contravention of that intention to marketize more. and to let and to become more like the global economy around them. >> rose: plus he's been under more the scrutiny anyway over the last six months or so because of -- >> he is in many other way as certing controls over other aspects of society and the economy. and so this fail

>> well look the president in a couple of years ago met with xi jinping the leader of china and tried to come to a gentleman's agreement on the issue of hacking. xi jinping wasn't listening to him for one second in part because of a value -- >> please china -- >> -- derived from hacking some of our defense agencies and so on. the cia has taken a huge hit. the cia has to assume every one of its agents around the world has been exposed. >> all right. when we come back they're calling it the sanders surge or the bernie boomlet. but despite the media hype does the vermont senator pose a real threat to hillary clinton? you know the importance of heart health. you watch your diet, excercise... and may take an omega-3 supplement, such as fish oil. but when it comes to omega-3s, it's the epa and dha that really matter for heart health. not all omega-3 supplements are the same. introducing bayer pro ultra omega-3 from the heart health experts at bayer. with two times the concentration of epa and dha as the leading omega-3 supplement. plus, it's the only brand with progel technology proven to r

it started when chinese president xi jinping expressed concerns that a culture of vaal vulgarity was tooking root in the country. industries began implementing self regulations with the shanghai auto show suddenly cancelling the use of models at booths. >> china held its first-ever auto show in the 1980s. it was a time when owning a private car was beyond most citizen's dreams. the exhibitors mostly targeted businesses looking for commercial vehicles. and also promoted car parts and new technologies. thanks to economic growth, auto shows are now completely different. these days, the chinese own more than 150 million cars, 15% of the world's total. modelling at the shows has become a dream for many young women. over the past several years, they have dressed mostly in revealing outfits. smaller car makers came up with the strategy in order to stand out as they can't compete with major firms. some models even began bringing their own wear as a way to promote themselves. but voices of disapproval are getting louder, leading to self regulation by the industry. the president's comments cou

xi jinping, he has become the most powerful chinese leader since deng xiaoping. i think he is very highly committed to a nationalistic point of view, that is, china has to be preeminent. you see the long-term trend taking place where china is becoming the leader in politics and the economy. i think that what the united states needs to do is to make a very firm commitment to find some areas in which china and the united states can cooperate with each other. the last two or three times i've met with xi jinping, i have urged him to form a partnership with the united states in dealing with global warming, because i think that, no matter what they decided, if the united states and china would agree on anything that would help prevent climate deterioration, the rest of the world would have to go along. and so if they can search for some way without diplomatic or financial or military problems if they could agree on that one thing, which i think would transform the world, and i think it would be the basis for further improvement. i would say that particular issue and an

coming up next, while china's markets are in meltdown, xi jinping is meeting world leaders in russia.ll discuss what is on the agenda when "first up" returns. ♪ angie: other stories making headlines. russia has veto a un security council resolution condemning the 1995 massacre at server needs the as genocide. it marks 20 years since the murder of 8000 muslim men and forces.bosnian in bosnia thousands of people marched in memory of the victims. beeno berlusconi has convicted of bribery and sentenced to three years in prison. however, the 78-year-old will not serve time. he was found guilty of paying a naples senator $3.3 million for his vote in 2006. berlusconi committed -- completed committee service and is still under investigation. president put has welcomed this chinesein counterpart to russia has president putin welcomed his chinese counterpart to russia. the chinese leader will attend a summit later today as well as meeting with the shanghai cooperation group. president xi is facing a stock market rout at home. it is very interesting times for those two nations and it is all culm

chinese president xi jinping has visited kyrgyzstan in an effort to strengthen relations. chinese infrastructure investment in kyrgyzstan will reach $3 billion. one major highway stretches about 550 kilometers from kyrgyzstan from the chinese border to the kaz act border. the chinese government has paid for its construction. china is making its presence felt here. this expert on central asian trade is researching the future potential of kyrgyzstan. >> translator: kyrgyzstan already has the logistical infrastructure for exporteding goods. if china opens a factory here, it's not because of our population, which is small. it's because china has all the eurasian markets in its sights. >> she is working hard to support many of the bazaar's members, many of whom are uncertain about the new eeu membership. now one big problem is rearing its head. >> she receives a report that vehicles entering kyrgyzstan by road are suddenly being hit with a new tax. this expensive new levee means trucks from neighboring kazakhstan coming to dordoi are turning around at the border. she heads stra

they always put xi jinping on the front. a meeting of minds with vladimir putin. just above, by the way, a super typhoon. maybe this is not the best juxtaposition of headlines. it has been a wild ride this week in shanghai. yesterday, stocks jumping the most since 2009, 5.8%. a number of new measures from chinese authorities from the banking regulator, securities regulator, even the public security bureau saying they will go after malicious short-sellers. the news they are banning major shareholders and executives from selling shares and asking state companies to continue to buy, , thelso the margin lender state facilitator of margin lending, getting increased liquidity to ease things. that was the biggest thing, a jolt of liquidity and a jolt of confidence. look at this. this is the largest u.s. exchange rate tracking asia. since its the most founding, 20% overnight. x tracker, etf, foreigners betting perhaps the worst is over. we still have a day left in the week. angie: and half the market is frozen. talk about market reforms when every policy is designed to fr

>> i just got back from china last week and the level of support for xi jinping as well as the levellief in the fundamentals of the chinese economy very strong indeed. maria: there is still strong supporter. >> there is opposition to the notion a whole bunch of people are taking a hit in the market that have obviously had a bubble and are now collapsing. the chinese market is not a capitalist state. this is still a manifestation of state control. the state that's intervening enormously to build the market back up. the problem here is xi jinping wants to have financial sector reform but that implies allowing the people to take down side that he is not particularly willing to do. in the short-term the average average investor in the chinese market is there for weeks, nevermind months or years. >> yesterday the headline that got me is we are going to get these malicious short-sellers. they were basically telling people you cannot sell chinese stocks right now. cheryl: they been doing anything they can to stem the losses of the markets in such a crazy historical week for the chinese stoc

xi jinping has been in talks with his russian counterpart vladimir putin in the summit of the emergingountries. they assure that they will overcome any economic problems. >> russia uses it's veto at the united nations to block a draft resolution that would have labeled mass kill negotiation bosnia as jen size. majority voted in favor of u.k.'s proposal to condemn the massacre as genocide, but russia used its veto which is part of five permanent members. this is the 29th anniversary of the killings. here we see people in bosnia. the three day peace mark russia exercises it's veto. what reason did russia give for this? >> well, first of all russia has very close political and economic ties so there is that right off the top. there is very much an alliance between two. but russia came out and said essentially they felt that this resolution was unnecessary and it unnecessarily pointed too much blame in one direction. and while said that they have solidarity with the victims of this master, this resolution was not the proper time or place or the proper wording. let's listen to what the russ

but the turkish president was a broad and he was in talks with his counterpart in china, xi jinping.hey returned to strengthen ties between the two with trade agreements but the minority group is also on the agenda. there was their treatment by the chinese government. the leader of pakistan's most feared anti-she ate -- anti-shiite group is dead. he was being moved between prisons when a group of armed men attempted to free him. at least 13 other militants died and he was on the u.s. list of global terrorist, and his group is an al qaeda affiliate, which has been responsible for thousands of deaths in packs and since the mid-1990's -- deaths in pakistan since the mid-1990's. and looking at what happened to cecil before his untimely death. his death has sparked outrage. an american tourist has admitted to shooting him, and two zimbabweans have appeared in court over it. reporter: thousands came from around the world to see cecil up close, unmistakable with his black mane, and researchers also kept him under watch, but two weeks ago, his tracker went silent, and their worst fears were

but the turkish president was a broad and he was in talks with his counterpart in china, xi jinping.hey returned to strengthen ties between the two with trade agreements but the minority group is also on the agenda. there was their treatment by the chinese government. the leader of pakistan's most feared anti-she ate -- anti-shiite group is dead. he was being moved between prisons when a group of armed men attempted to free him. at least 13 other militants died and he was on the u.s. list of global terrorist, and his group is an al qaeda affiliate, which has been responsible for thousands of deaths in packs and since the mid-1990's -- deaths in pakistan since the mid-1990's. and looking at what happened to cecil before his untimely death. his death has sparked outrage. an american tourist has admitted to shooting him, and two zimbabweans have appeared in court over it. reporter: thousands came from around the world to see cecil up close, unmistakable with his black mane, and researchers also kept him under watch, but two weeks ago, his tracker went silent, and their worst fears were

. >> xi jinping. >> xi jinping? i'm not a psychologist. have you met him? >> i have. i sat in a meeting with my boss deputy secretary negroponte who is a great diplomat in 2008 with then vice president chi and i was impressed in the following sense. his job was a thankless task which was to guide the olympics preparations. had to be her fix and if it wasn't perfect it was a disaster. that's high-pressure it seems to me and we were talking about global security issues is part of what was called the senior dialogue in the united states to treat take dialogue in china which has been melted without economic -- we mentioned. those were important meetings and we have that says to the vice president and he spoke for 45 minutes to an hour about problems all around the world. he had been a largely domestically focused leader and he didn't use notes and he seemed to really talk about social problems. i was impressed with him. in terms of personality i'm not a good personality and list but i can say his reputation and his posture is more assertive than his predecessor president

the case highlights president xi jinping's top stance on corruption. >>> executives with soccer's worldoverning body are taking steps to choose a new president. they're replacing sepp blatter who was elected at fifa's extraordinary congress on february 26th. >> we want to go -- go again into a reform process. >> executives held an extraordinary meeting on monday in zushic zurich, switzerland. they decided to set up a task force to propose reforms. they say the group will be made up of ten representatives of regional confederations. they say a neutral person will serve as chair. >>> u.s. judiciary authorities indicted 14 people in may over a bribery scandal. proposed reforms would include enhanced integrity checks for executive committee members and public disclosure of their earnings. officials say the proposals will be presented at the next executive committee meeting in late september. they'll then submit them to the congress in february for approval. >>> india has planned to build a high speed rail network. officials have released a report that recommends a technical standard almost

they were worried because president xi jinping had been in this same province a few days earlier telling people that poverty was nothing to fear. we were allowed, to visit the village school. out of 93 students, around 20 lived with relatives, grandparent mostly. strict rules to control the flow of people mean they see their parents once a year. before we talked to the teacher, our minder spoke to her. >> translation: it is not a big problem. most of the children talk to parents by phone once a day. in the worst case it's once a week. a poster with an urgent message builds up confidence to battle poverty. in the city of niger, they are constructing passages and offices that could provide jobs that could help keep local families together. the deaths of four children is a reminder of why such an investment can't come soon enough. >> well as the island of cuba opens up politically and economically business leaders court the country like never before. this week saw announcements from cuba and the u.s. that they'd open embassies in each other's capitals. investing in cuba is a risky business,

billion of money and assets lost to corrupt officials, part of an anticorruption drive by president xi jinping, who promised to tackle the matter at all levels of government >>> bangladesh supreme court upheld a death sentence given to a leading opposition politician. he was ground guilty of abduct abducting and killing minority hindus. we have this report from the capital dakar. >> reporter: for are for a man that used to be a trusted and powerful advisor to the prime minister, it's been a high fall from faith. he was sentenced to death in 2013. for helping the bangladesh army. those defining him say it charges are all about politics. >> the pakistan army killing the man. if that is so how he was elected several times in the parliament by popular votes. >> the 1971 war was brief but brutal. several people who collaborated with the pakistani army were assumed of orchestrating mass murders. it wasn't until 2010 that the law time trials began. most charged are leaders of the opposition parties. their supporters clashed violently with police. the trials are a way to get rid of the government's en

chinese president xi jinping invited nguyen pho trong to beijing for talks to counter the united states influence. china's invasion of vietnam in 1979 sparked war. for over 2,000 years, vietnam and china have engaged in hostilities on many occasions. despite their bitter history, however, the two nations have maintained close relations in the economy and cultural fields. an expert suggests that the obama administration is aware of the complexity of vietnam's position in terms of its relations with china. >> i think the u.s. will try to make sure they don't say things that will be needlessly irritating to the chinese and hurt the vietnamese more than it would help them. >> reporter: vietnam cannot avoid dealing with china. for vietnam, the united states is becoming increasingly important as a counterweight to china, but vietnam is now facing a tough diplomatic challenge. it requires the country to strike a balance between two major powers, america and china. nhk world, hanoi. >>> that wraps up our bulletin. i'm patchari raksawong in bangkok. >>> many children become infatuated with compu

part of a drive by president xi jinping. promising to tackle the problem at all levels of government. and one of the best known officials targeted is one gaoled for bribery and abuse of you'res power >>> police in china raided a factory for producing fake apple iphones, making up to 41,000. nine have been arrested. rob mcbride in hong kong has more. >> reporter: worrying was the scale of the operation. hundreds of workers said to have been involved in the fake factory unit on the outskirts of beijing itself taking old iphones, the components from them and reassembling them and passing them off as new iphones ready for exports. the case came about when a number of the phones were detected by the authorities in the united states who tipped off colleagues in china itself. the authorities in chine appoint to this as being evidence that they get tough with the makers of fake goods. in thes is a timely reminder of how sophisticated some of the counterfeiters are becoming >>> the white house rejected a petition to partedon former n

recovered more than $6 billion in money and assets lost to corrupt officials, part of a drive by xi jinping, who promised to tackle the problem at all levels. government. >> riot police in argentina fought. bus drivers who have been blocking a highway into the capital. protesters throughbottles as police forced them off the road to the north-west of venezuela. bus drivers have been protesting. they want sacked colleagues to get their jobs back. bus drivers in el salvador walked off the job because of an escalation in gang violence. the strike leaving thousands stranded for days. the drivers say it's too dangerous to work. adam raney reports from the capital el salvador. buses stopped, people crammed in trucks and a morning commute disrupted out of fear. the gangs are there for all to see. they order the killing of bus drivers from prison cells, bringing chaos to the seats. it seems there's little the government can do. >> reporter: it's a hardworking people that build the country who are the victims of these attacks. >> the gangs showed that they have the power, if they didn't they couldn't

analysts say president xi jinping is trying to demonstrate his ability to push forward his anti-corruption campaign as well as maintain his grip over the military. >>> a belgian based graphic designer is asking the people organizing the 2020 tokyo olympics to change their emblem. he says the design closely resembles the logo he created years ago for a belgian theater. it would be awkward for him and the theater if a similar design is used for the games. he said he plans to send a letter to the organizing committee in tokyo through a lawyer. >> translator: i hope the tokyo olympic emblem will be changed. we want our logo to be unique. >> belgian media is highlighting the similarities between the designs and people are stating their opinions. >> translator: we have pride in the theater's logo, so i don't want it to be imitated. >> translator: the designs of the logos look alike but i think it's a coincidence. >> members of the tokyo organizing committee say they don't believe there's any problem. they say they spent a long time checking trademarks across the world and they gained approval fr

edward snowden's initial revelations came on the eve of president obama's palm springs summit with xi jinping. after the u.s. had accused china of massive cyber theft leaks about n.s.a. spying on angela merkel came on the eve of a u.s.-eu summit. and now this. i ask you again is this coincidence? >> well, everything is going to be a coincidence if that's the case, because they're doing it all the time. this is what they do. they try and get as much intelligence including from allies more or less, if they have to. if they don't feel they're getting everything that they need to know or feel they want to know. we're providing them with a lot of intelligence. we expect they're going to tell us what we want them to tell us. often they don't do that. >> the most embarrassing thing was being caught listening in on one of angela merkel's cell phones. she, rightly, got upset. but earlier actually last month, the chief prosecutor in germany called off a year-long investigation into that incident saying they couldn't come up with enough evidence. i think that's even been put behind us. so this is, you k

where are we as president xi jinping has the anticorruption drive? a lot of people caught.ty. where do we stand overall? zeb: senior officials. you mentioned the former party boss, hugely powerful and well-liked. in 2013, sent to jail for life. the executor to chief. rishaad: it wasn't matters that were different. party chieformer sent to prison for life area -- life. stood trial.re he very powerful members three a of -- powerful members. gang of 4. whether they have counterrevolutionary tendencies seen in the previous case, but the they reviewed as somewhat as a blockade to achieve japan. rishaad: is that a really accurate description of the gang of four? of four was gang highly political. zeb: absolutely. the distinction. not historically accurate to compare the 2 but resonates clearly in china and won the chinese people and media have been using to describe this latest top official to be brought down. .ishaad: zeb eckert get more on that story anywhere, just download bloomberg plus to your tablet or phone. -- a check on corporate india. a preview of the results coming ou

.- chinese president xi jinping speculation of a rapprochement between u.s. and iran and set the stage for a landmark nuclear deal. scarlet: the companies include apple, goldman sachs, and berkshire hathaway. plans to cut emissions and water -- and water use. brenda: donald trump is still leading the republican presidential pack. and scottd of bush walker nationally. the numbers will come in to play very sue only 10 of the 16 candidates will qualify for a televised debate. takeover.nother big the price was $40 billion in cash and stocks. brenda: mcgraw-hill has agreed to by snl financial to buy snl financial. the price is 2.2 million -- $2.2 billion in cash. owned by new mountain capital and members of management. scrubbing federal safety regulators are imposing their biggest fine on an automaker. fiat chrysler will pay for failing to complete safety recalls in over a mill -- in over 11 million vehicles. the company will hire an independent monitor. it will buy back over half a million vehicles with defective since pensions -- defective suspensions. it is a g

huge challenge for xi jinping. state media helping to cheerlead the stock rally up and authorities rolled off favorable policies for individuals to invest in stocks. it is kind a heart for the rally to take credit for the rally. of for the responsibility the crash if that is what we want to call it. restore is to confidence and the word with been getting from state media. and we need confidence. confidence of quarter to the people's daily is more valuable than gold. if the probably expect selloff continues, more policy measures to help prop up the market as the political leaders here in beijing. rishaad: thank you. stephen engle. let's talk about the other big story for the week. eurozone leaders meeting for emergency talks to court made a response to the greek referendum for prime minister alexis tsipras sat his home as history event. other signaled their patient is rapidly running out. -- prime minister alexis tsipras said his hand is strengthening. zeb: the patient's of the french -- patience of the frigid deleg

vladimir putin and xi jinping meeting. they have assured that the unity between the two countries will overcome any economics. >> alexis tsipras spoke after the e.u. leaders set a deadline for greece to come up with far-reaching reform proposals. al jazeera's jonah hull has the latest. >> after the brink manship prime minister' licks citizen tsipras made his case. >> today we come with a strong mandate from the greek people and we're determined not to clash with europe but to tackle head on with the establishment in our country and change the mindsets, which have taken us and the eurozone down. >> the grandstanding is unlikely to impress the e.u. leaders only to discover that the greeks would not provide new reform poems until thursday. >> until now i have avoided talking about deadlines but i have to say that the final deadline ends this week. >> the view is that we're in for the final countdown. but a long way from brussels are places like this, a charity in central athens for those who really have nothing left, that may

there's talk that there might be a formal summit between abe and xi jinping. had a couple handshakes. that is why this is such a curious thing. they have decided to talk about -- rishaad: this is what it is about. it is about these gas rigs. line at theis the moment. it is another area of dispute in the east china sea. we always talk about the islands , but this is also under dispute. there's something like 16 rigs on the chinese side which the japanese are saying could be sucking gas from the gas structures on the japanese side. rishaad: why? we've had of course shinzo of a trying toshinzo abe change the constitution. since 2013, the japanese have said they've knownbout it. it does make it curious why they are doing it now. there's a couple theories. japaneseat the are trying to get support. wasn'td be nice if there all that protest about those bills when they are going through, like we already saw. given the fact that they are going through anyway, regardless of what happens, i think maybe -- i'm laying on the other theory. that is that this is part of this

but the person who should be worrying the most president xi jinping of chinese. the government helped push the stock market rally and everything they are doing seems to be failing. in the come mist party everything is about power and stability. should you be panicking? yes and no. about 1.5% of the value in the chinese stocks is owned by foreigners because of the tight control of foreign ownership in the chinese stocks. there isn't a web effect if the chinese stocks crashed it doesn't effect the worldwide system like the lehman brothers collapse. but there is a sense that the sliding stock market is a symptom of an ailing chinese economy. with the second largest economy, if chinese'ses the world will definitely catch a cold. >> david mckenzie reporting there. >>> and ivan watson visited a brokerage house in hang high and joins us now. what did the investors say to you about how bad they think things will get and whether the trouble could perhaps spread into the wider chinese economy. >> reporter: the mood wednesday among investors i talked to both young and old w

other than ordinary investors the person worrying the most probably xi jinping of china because the government helped to push the stock market rally and now everything they are doing seems to be failing. in the communist party, everything is about power and stability. should you panic, yes and not. 1.5% of the value in the chinese stocks is owned by foreigners because of the tight controls of foreign ownership in the chinese stocks. there isn't this web effect. if the chinese stock crashed it doesn't effect the worldwide system like lee man brothers collapse. there is a sense it is a symptom of an ailing chinese economy. the world's second biggest economy, if china neez sneezes the world will catch a cold. >> interesting to see what affect the losses will have on the world. >>> this saturday marks the 20th anniversary of the s. s. s. on wednesday with russia vetoed a u.n. resolution that could have won demed the amass kerr as a crime of again genocide. >> we appeal to authors of the draft and you mr. president to put it to the vote. otherwise we will have to vote against it because of the reas

xi jinping the chinese president, but more importantly, head of the chinese communist party, is tryingt authority on beijing. he is trying to get things done as he wants them done, and he is centralizing, using the anticorruption campaign to exercise more authority sectors of state owned industries and the provincial government. it is like some of the powerful emperors. tom: is it all clear for the equity markets, or do we still have our radar up? jonathan: i would still watch this carefully because, as you said in the beginning, there are an awful lot of companies which have suspended their shares. so you are looking at an index that is not completely reflecting. there are distortions. tom: jonathan fenby, thank you so much. his book, "will china dominate the 21st century?" is a beautiful short must-read on the politics of the nation. allen west and will join us for the entire 7:00 hour. the good news that -- alan ruskin will join us for the entire 7:00 hour. stay with us. brendan greeley and tom keene on a friday. "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg su