how will it interact with china? in the sense of the interdependence of the global economy, they have to look at the american economy first. the american economy is affected by the rest of the world. the we did not see that in fmo see minutes? michael: they take into account was going on in the rest of the world but they have to make policy eighth and what's best for the united states. comingy this is what's so adjust your policy so you're not adversely affected. the other interesting things is what might happen after that. , 2017, westart hiking will have an interest rate above 1%. looksbert kaplan said it to be veering away from his predecessor, dr. fisher. will that make a difference? he gave a speech yesterday suggesting the markets need to focus on the long-term equilibrium rate and it is lower than we thought in the past. bill dudley gave a similar speech not too long ago and this is what the staff presented at the october meeting. the equilibrium rate is the rate at which you get maximum employment without tri

so all of this unnerves china. study same time, that noted that 80% of the enemies hold favorable views of the nine states. will havexi jinping his work cut out for them as he launches a public relations campaign. rishaad: thank you very much. talking about president xi jinping, he is meeting the president of taiwan. the taiwanese leaders sang the -- and said the united states was notified about the meeting, but they were not instrumental in getting the two leaders together. the stock route in china. it is all but a distant memory. the markets having risen 20% since august lows. >> another day of gays on the shanghai composite. we are up 21% from those lows on august 26. the hang seng market looking good in hong kong, up like 2/10 of 1%. a big gain from japan tobacco, but we are seeing weakness from the shiva after it came through with its numbers. australia's market .nderperforming, down almost 1% that weaker oil price playing .nto the australian market let's look at some of the brokerage firms. a number of other

bought basically the youtube/netflix of china. daniele on stage with craig, you invested in the "mission impossible" film. what are your hollywood ambitions? jack: it is my ambition in the future -- i asked the people -- now we are good at e-commerce, we are good at payment, logistics. we have cloud computing. i do not worry about the business, the money we will make in the next 5, 10 years. we are going to survive another 87 years. so what is the business we should do 10 years later? we have to worry about 10 years later. emily: what is the business? strategy -- two h strategy. health and happiness. because of the pollution, we will have some health problems. that is why we have to invest money today. 10 years later, china will have problems and we can use our technology to solve the problems. we invested a lot of money. the other is happiness. look at the world today. are not happy, poor people are not happy, government is not happy. emily: is jack ma happy? jack: i am happy with what i'm doing but i am not happy with the pressu

in china, you have to be where the government is to cover china. they moved it here, and this is aprivate company, but it is huge company now and it is kind of a national champion whether they want to be or not. they have come back to the capital to bring it from their base in the coastal region to a much higher profile event. also they are taking it to the headquarters, the home base of their chief rival. they are taking it to jd and bring it to beijing, getting higher profile, and at least on one day it paid off by beating the record in half the time. anna: and they have called on james bond as well, have a day? as though your presence was not enough. daniel craig is there. stephen, thank you very much. stephen engle at alibaba mission control. cpm london time -- emily chang will sit down with jack ma. don't miss that conversation. , the ceo to our guest of armstrong investment management, joining us now. great to have you here. we are looking at this single day in china. is this another illustration of how they are trying to re-orientate the eco

but i think china cares about its international reputation so there is a possibility china will reconsider that as we go forward. other countries have imposed cost on china particularly in terms of its coarsive strategy in the region so it canÑi convie the chinese they're playing at an ineffective game. thaiived -- they should have good relations with neighbors rather than exert sovereignty claims over the rocks and reefs in the south china sea that i think are less important to china's interests in the long run. >> reporter:. >> sreenivasan: we had video of newly developed air strips on some of these islands and even military armaments that are ramping up. are others claiming? >> the chinese see themselves as playing catch-up because others already have a strip. they're taking a land feature and making it bigger. the chinese dredged an enormous amount of sand and built very large artificial islands, so now the chinese occupy the largest land feature, three times larger than the largest natural-produced island in the area. the chinese, the scope of what they have done and now they will ha

sea and the south china sea. in order to do that we need strong allies. the strongest ally in the region for us is japan. it is very important for japan to support us. >> i wanted a perspective on the south china sea issue. >> the economic problems china has been phasing makes it more important for china to maintain friendly relations with its neighbors than ever before. china needs investment from japan, from the united states and from other regions of the world. allowing these kinds of disputes to get out of control would not be in china's interest especially given the fact that china is still military far behind the united states. however, at the same time it is very clear that on a political level china is deeply committed to not giving up these issues. i'm afraid we are headed for a long and difficult period where these kinds of disputes both in the east china sea and south china sea will remain problems that the community will have to deal with. >> thank you very much professor berger. >> senior commentator

data out of china. the disappointing numbers offer little encouragement and ramp up pressure for more government intervention. tom all look is in beijing. with chinese exports, it's not looking good, is it, this growth outlook? tom: i think the challenge for china is that they've got weak domestic demand with trouble in the real estate sector and weak external demand with exports contracting, and those things are happening at the same time. that's why there is so much concerned that china's growth is .eak at the moment a going forward, the outlook isn't much stronger. rishaad: yeah, and looking at what happened with the currency reserves, they are up. that is something that hasn't been the trend of late. has there been a panic over the yuan? pretty much over with? tom: i think it's kind of a complex picture. back in august, the pboc did that need to valuation of the -- that mini-devaluation of the yuan. and in august and september, there were quite sharp falls in chinese foreign exchange reserves, outfl

leading environmental activists and journalists in china. when my friend liu jianqiang said he's becoming a buddhist, particularly a tibetan buddhist, i was very curious about why. we'd already decided we would make a little documentary that would sort of show people what it is that has attracted him, but when i asked him just in shorthand, you know, what is it that you're looking for in a religion, in a faith, in a culture? and he said, well, you know, for 15 years, he said, i've been reporting on the environment, and in that time, everything is still getting worse. so you begin to feel like what's the point? you know, we're exhausted, we're burned out. and he said i needed something more enduring, something for the longer term, something that would allow me to have a little bit more faith in my own work. well, i asked liu jianqiang, how would we show people what it is about the tibetans that really appeal to you? and he said, well, you should just go talk to one of the tibetan monks, the kind of person that i met all the time up there. so,

., new china doing well. the old china falling away. that is not necessarily a bad thing. what we have to focus on is doing the right thing to get a bigger share of exports to the new china. o'neill says china is doing pretty well for 25 years since trading started on the stock exchange. if you had put your money income he would have gained 35 hundred percent. die: more of a roller coaster. of a rollerabov coaster. >> for those not concerned about the sharpe ratio, it was fantastic. guy: china has been nothing short of the miracle. you have paid attention to how china has grown, there is nothing quite like it. guy: the industrial revolution 2.0 on steroids. gdp is going to slow from 7% to 5.5%. the problem with the rest of the world, it is not levered to the new china. it is levered to the old china. even to some extent europe, it is not levered to consumer services in china. anna: the u.k. could be more levered to the new china. we have heard about market changes, selling shelf products. slowly, we will move toward that. if you look at what proportion of financial service

china is not in the deal, is china going to abuse this country? china has invested a lot in the way of securities but wouldn't want to harm investments in the securities? >> i think china would like to harm us, that means china has to cut off a finger economically, they'd be happy to do it as long as they can harm us. china is a hostile power to us, and want to be dominant in asia, they will find a way if they can't stand up against tpp, they will infiltrate it and become part of it. remember, if you buy metal from a foreign power, china probably owns that mine. they are probably involved in that capacity. liz: richard, go ahead. >> i agree, china engages in one trick after another. you will get no dispute from me or anybody else who knows anything about china-u.s. trade. shell games, you name it. but this tpp is meant to be as much of an answer to that as we can possibly have. is it perfect? no. hillary clinton says she doesn't buy it. the point is to be a counterweight to china basically setting the rules of the road. liz: do you disagree or agr

local residents fear china may seize their islands if nothing is done. >> translator: now china is demanding fishing rights but we're afraid it will claim sovereignty next. >> reporter: indonesian defense minister visited the islands in december. he said there would be a plan to deploy ships and fighter aircraft. >> translator: we'll send more military equipment to the area. this will allow us to quickly deploy our forces in case of contingencies. >> reporter: amid china's growing presence, indonesia is trying to beef up the defense of its remote islands and local communities remain on alert. metalia, nhk world, natuna islands, indonesia. if you want to see japan's dance you usually have to go to tokushima prefecture and time your trip for the summer. this fall, however, the streets of paris looked like tokushima. nhk world reports on how the dance crossed the ocean and why. >> reporter: the sounds of drums go through paris as dancers move to the music. >> translator: awesome! >> translator: i want to learn that dance. >> reporter: a frenchman organized the dance. arnaud admires the open nat

let's get more on the french president's visit to china, andrew young is an independent china analyst and is live from hong kong and good to have you with us and it's clear the paris talks to succeed to get some kind of binding agreement it's crucial china comes on board, does today's announcement including compliance checks with a deal bring us closer to that? >> well, i think this is very different from last time from copenhagen because china has made it known that the country will cut its emission, will capits emission by 2030 and, in fact, the tallies with what china is trying to do to grow the economy into more sustainable model and also paying more attention to pollution and also environmental degradation that happened since the communist party and for china it's not just a question of polar bears and blue skies for the children and children's children and it's a matter of security as well and not only internally but cutting down on the dependence on oil and gas and with the coast reduce china's risk to external barriers and obstacles, for example the more oil transiting the per

emily: you bought the you tube/netflix of china. you are visiting on china -- hollywood. are we going to see you buy more content to deliver to a chinese audience? are we going to see you buy a u.s. studio? you -- you could never buy anything in the world. emily: have you tried to buy a studio? jack: no. if they need us, we can really work together. cory: i want to bring in gordon chang. take is.what your you wrote an interesting piece i read online. gordon: a couple of things that are real problems. day you look at singles versus singles day, 54% increase. extremely big numbers, much bigger than cyber monday. a lot of online retailers who are on alibaba's platforms really just accumulate sales to book them on one day because it helps them in the rankings on alibaba. it is a more important to look at it year-to-year. there is some distortion caused -- cory: the full year versus the day? gordon: there is some mania around the day. cory: the singles day sales did not happen in a day? gordon: online retailers do this because it helps them in their rankings on alibaba. just l

only in china. so therefore, in the power system, we see a major change and following what i've told you before, the renewable is the is the fuel of choice and the next 20 years, out of every $$10, 6 go to renew investments highlighting the importance of renewables. energy efficiency. this is an issue as our colleagues know very well that we highlight all the time because it is changing the picture. everybody has to understand, to understand deet mapped growth, what is happening in energy efficiency. and i can tell that you in the year 2005, ten years ago, only about 15% of the global energy consumption was covered by the energy efficiency mandatory energy efficiency measures. only 15%. today, it is almost doubled, it is out of two major factors. many factors but two very important. one, chinese government takes this very, very seriously for many reasons. two, energy security. if you use energy less, your import dependency will be less. one reason, china. the second reason is in the last four or fiv

does china have so much mass within tpp not being china, does china respond and force reports hand to jumpstart growth? ambassador haass: what china will do. to slow down and china reinforces her increases the pressure on japan. threeain, japan has had decades of pressure and it has not responded. -- oncee such a thing an economy reaches a certain high level of gdp per capita, i think it reduces the urgency to jumpstart. because of becomes the opposite of the willingness to undertake risk. tom: to your point on deflation, there is a money illusion out of england ages ago. an inflation illusion. and a deflation illusion. evenrces real gdp up though it is less than real. it makes it almost an artificial state they have had to deal with. ambassador haass: what it does is it is a disincentive to reform because things are not sufficiently bad to get people up in the morning willing to contemplate risk, to basically get out of the political safe spot. it is a message for any advanced democracy. a sclerosis that sets in. japan is a warning for what can happen when a country gets comfortable

. >>> the french president francis hollande heads to china to secure a deal ahead of china talks next month. next month. >> you're the first one on the scene. suicides, homicides, the roof is crushing into somebody's chest. >> what is the number one cause of death for police officers? >> suicide. >>> a reminder of the top stories here on al jazeera. supporters of turkey's ruling a.k. party are celebrating in the streets as results show the group regained its majority in the second election. >> bodies of refugees have been washing ashore after a shipwreck this week and 11 dry off sammos island. russian aviation officials sir their airliner broke up in the air. the country is in mourning >>> a big comeback in the turkish election. i'm joined by a specialist on turkey's affairs from chat am house. thank you for staying with us. we have a clear result. overwhelming indoorsments, single party endorsement. what will change in turkey. >> nothing will change. the country will continue to deteriorate. >> why do you say it will deteriorate if it takes a dip when it comes out of the elections. >

and this consensus relates one china. both the mainland china and taiwan belong to one china. if both leaders stress too much about one china, too much about taiwan is a part of china, then the backlash may become very big. >> reporter: professor matsuda says ma's priority is to establish his historical legacy in talks that could set the tone for future relations. >>> nhk world's naoki makita in beijing explains what the chinese government is hoping to get out of the meeting. >> china is trying to emphasize the communist party values peaceful dialogue. it wants to show the international community it's working to ease tensions in the region. at the same time, beijing is trying to avoid an impression that its relationship with taiwan is that of two separate countries. taiwan had asked china to hold summit talks on the sidelines of regional apex meetings in beijing but china rejected the suggestions. it shows the leadership didn't want a summit with taiwan at a major international conference. the two sides eventually agreed to meet during chinese president xi jinping's official v

china market weighing sentiment down. the trading volumes overall, and especially hong kong, pretty low today. down nearly 40% from the three-day average. the shanghai still seeing some losses. japanese shares lifting the regional index. now they are in a lunch break. malaysia, singapore, australian stocks all in the red. macau casinos in vocus pit we just heard from the chief executive talking about how this slump in gaming revenue -- macau casinos in focus now. we just heard from the chief executive talking about how this slump in gaming revenue is affecting the climate there. galaxy, sands china, wynn macau, all under pressure now, down 3% for galaxy entertainment group . for advantest. iron ore sinking to a four-month low. the steelmakers pressured by all of this. back to you. we have to take a break. on the other side, more action. china home prices as well. this is "trending business". ♪ >> the stories making headlines. beijing reiterated that reclaiming land in the south china sea poses no threat to its neighbors

is this the new normal for china? has something to do with the slowdown this year, but forget about seeing the 30% growth back in 2009, 2010. the market is way too big right now. there is a bigger shift into suv's. is automakers are focusing on the top line, the revenue line, they do need to be more competitive. there is a shift to suv's. they are not as gas guzzlers as they are in the u.s. market, but they are bigger. two-child policy, there will be more room for suv's. if automakers want to focus on the cost side, there are new ways to design new vehicles that es.mon eyes is -- commonizzed angie: production lines are working at three quarters capacity right now. how are manufacturers able to retain value? >> the easiest way to control capacity is not to build out so much capacity. do, what else they can do is export vehicles, just like g.m.. g.m. has plans to export their automobiles built in china. i do not think it is a big concern because g.m.'s quality standards are used to crossed -- used across the world, incl

china's risk. china's whole price recovery xi saysnd president the country still faces downward pressure. welcome to "the pulse," live from london.

china is kind of leading the region. a lot of changes in terms of pricing, market access, making sure regulatory timelines are minimized. we need to keep abreast with what is happening around us. rishaad: we were talking earlier about the stocks he likes and he loves the health care story. everybody else does and that is the problem. >> you need to divide the health care companies into two buckets. one that has a geographic presence that is sustainable and others that are facing a patent cliff. shery: how is that affecting your business? a we are diversified as company. we are present globally. some of the emerging markets, especially in latin america, we are seeing a rapid decline. others are stagnant. they are balancing -- we are balancing our portfolio. should we be managing expectations? >> we have seen quite a bit of volatility. 2016, it should be a slightly less volatile emerging market. it will still be challenging. we are still seeing low commodity prices. that will put some pressure on emerging markets overall,

china's effort to fight dplor global wa. they have been burning 17% more goal cole than the government previously disclosed. >> trevor: ah, that's why they need two children, just in case they lose one in the smog. china has been underreporting coal usage by 17% which translates to more than germany's entire annual output of carbon emission. their entire annual output or as volkswagen calls it, nice job. (laughter) now with this amount of pollution, i think there is one thing that china forgot to include in their five-year plan. (singing) (coughing) >> trevor: it's still catchy. right back. (cheers and applause) this is not a couch. this is where we watch football, futbol, basketball, baseball, curling, hurdles, poker, golf ha! just kidding, no one watches golf. ♪ and i shall rise, oh well i shall rise, ♪ ♪ again and again. with revolutionary hanex-temp technologyocks are designed to respond to your body temperature to help keep you cool. let's put it to the test. hey dad! emily? ready? wait! no! wait! slow down a litt

let's chaer on china. here is a once desperately poor country that increasingly is embracing the profit motive. this is a great thing, not a bad thing. >> they are cheating and if we are making a deal with cheaters and the epa is pushing this down the throat of taxpayers it's costing us all. >> this is why your power is slipping. i'm sure they are laughing at us. the united states cut their emissions. they are supposed to start thinking about making changes and if they don't we have no resource. >> we are going to paris for the deal make sessions and the chinese will be part of it. shouldle we make deals with them. >> no. all those are questionable. whether it's their dvp figures, emissions. they make ghost cities to make up that there are people living in places where they are not. it's highly questionable. the rule of law isn't prevalent there. we need to have a question mark over every deal. >> you think the 17% is under valuing the amount of coal. they may be cheating more than that. >> it's probably d

a few countries, in particular cambodia are close to china and toe china's line and can prevents consensus from being reached. in this particular case, we have u.s. officials saying there were a none of asean countries that wanted this mention but majority doesn't rule. one can block the entire group. it also means that china is able to reach in to a regional organization and get its way. >>> an earthquake of magnitude 6.8 has struck. causing minor damage, it was recorded at a depth of 143-kilometers. there are no immediate reports of casualties. >>> the u.n. special an sa envor syria will meet with sergei lavrov in moscow. part of the effort to his end the syrian conflict. but president's assad's future role is still a main obstacle. gerald tan has the details. >> reporter: the outcome of an aerial bombing campaign laid to bear. this video up loaded onto social media is set to show damage caused either by russian or syrian military strikes. in the city of raqqa. there is no way of independently verifying this. the russian government says it's working with syrian opposition groups to fight

to be the major partner of china. there is a lot of jockeying back and forth there. >>> now, fires which are causing haze in indonesia are having a huge impact in southeast asia the no only hurting the environment but people' health. the burning of millions of hectares of lands has been described as a climate disaster and 15 people have died, hundreds of thousands are ill. police are investigating big companies for their roles in cause the fire. step vaessen has this exclusive report from south sumatra. >> reporter: this is the end certainty of indonesia's fire disaster, thousands of hectares used to make piper are on fire, infer foe contributing heavily to the haze affecting 10s of millions of people in asia and neighboring countries. paetsch a pulp and maker is the largest producer of paper and packaging. they took al jazeera exclusive i feel on a held pop ride for the worst his plantation. a lack of visibility makes clear how the effort to his control the fires are being hampers the company says the blaze started o

we are on the china story. an australian exporter importer how china is doing? i was on a panel with a gentleman in the pharmaceutical industry, and that industry is booming in china. if you're in the new china where we have the sector going to do well,esk going pretty that isn the space grown. whether countries or companies can make the transition, that is going to be key. -- as a singles day product. poco the mainlanders can buy. -- paul: the mainlanders can buy. anna: what about the chinese currency? i read a report that we are talking about a big evaluation in the yuan to come. the chinese authorities have guided us away from thinking that, have they? and gloom when authorities did the exchange rate back in august. they do not handle it very well. as they open up the capital theynt, loosen the reins, have got to let the currency is just as well. -- currency and just as well. that was not communicated as well. my friends at the mf were surprised that well. damion lee starting heading -- they immediately started heading -- hitting the top of their bend. we onl

he added that china does not want this. >> translator: china places importance on its ties with the philippines in order to resolve the issue properly through dialogue. >> the permanent court of arbitration in the hague has recently ruled that it will hear a case submitted by the philippines about beijing's activities in the spratly islands. china had argued that the court had no authority on the matter. analysts say chinese officials want to keep the territorial dispute from becoming a focus at the upcoming apec meeting. >>> scientists are zeroing in on a hormone we make in our brain. researchers learned it plays a role in deepening human communication. that is raising hopes of developing a treatment for disorders such as autism. >> reporter: in clinical trials. nine years ago he was found to have asberger's syndrome. he has trouble making eye contact and speaking with other people. >> i find it hard to tell from someone's expression whether they're tired or if they're in a bad mood. >> reporter: he excelled at a tough university, but at work he found it hard to communicate with others. he cha

the china taking over the south china sea. i believe the world is safer -- i don't believe, i know the world is a safer and better place when america is the strongest military power in the world. [ applause ] >> senator dorgan, he may be right, but back to the how do we pay for it if all of the gentlemen and carly fiorina are racing to the revenue, saying cut, cut, cut and a lot of giveaways when it comes to tax cuts. >> no disagreement about wanting the country to be strong and invest in the military that allows us to be strong. let me say as an observer, some of the most significant waste i've seen in government exists in the pentagon. every single branch of the service wants to do what every other branch does and duplicate it four times. unbelievable. make significant investments in defense that make the country stronger but doesn't waste the taxpayers' money. liz: have to leave it there. >> liz? liz: go ahead, quickly. want to go back to prior points. >> should the folks be attacking each other? i thought jeb bush got it r

both taiwan and china. but the party that is meeting with xi jinping down in singapore is the clan of chiang kai-shek which represents the chinese who fled to the island n 1949 and it's strongly chinese. the indigenous taiwanese are supportive of this party. it's fearful of too close a connection to mainland china although diplomatically and financially they're getting closer and closer. you're not going to get a calculation of -- declaration of independence by taiwan because that is a red line for mainland china. john: will they use the meeting to try and intimidate taiwan? eleanor: i think the meeting is highly symbolic and it is china's attempt to bolster the party currently this control in taiwan that. party is likely to use in january and the opposition party is running on a campaign to declare taiwanese independence but they've been in power before and they dance around this everyone recognizes, they don't really want china to make good on its threats to invade if taiwan does declare independence and

he added that china must cease land reclamation in the south china sea, a position that was picked up by the philippine leader. >> that the freedom of navigation and overflight in the south china sea must be continuously upheld, consistent with international law. >> reporter: meanwhile, chinese president xi jinping is avoiding the south china sea issue at the apec talks. instead, he stressed the summit should focus on the regional economic integration and for the swift euroization of the comprehensive free trade zone in the asia-pacific known as the ftaap. this framework would include china, which is not a member of tpp. >> translator: we should never allow anything to disrupt the development of the asia-pacific region. differences should be resolved through dialogue. >> reporter: apec is a platform to discuss regional growth and trade, but territorial disputes in the region will likely creep into their talks. kunihiro yamamoto, nhk world, manila. >>> members of a u.s. congressional panel are taking a dim view of the security situation between washington and beijing. they say china's

let us see what jack ma had to say in china yesterday. >> 11-11 from this day starts for china and will go to global. in the next five years, we may be in tokyo, paris, and maybe new york. that 11-11 is a great day for all consumers and every small business. >> this was touted as a successful first visit by modi to the u.k. our business there is extremely strong. we have been there in one way or another for 80 years. we have -- it is our eighth largest market. we have $600 million in revenue there. 50% of the market there. strongest world market share the -- there. india is under branded. india, we have 50%, only 600 million. my view, it is extremely strong. it is extremely attractive. if you look at the 25 year and gdp for population growth, india will be the third-largest world economy and it will have the largest economy i population. it clearly is full of promise. i tend to believe that in a 200 year blip in history, going back to the early 19th century, the bricks of the next level that that is where they will be again by 2025. we are bullish on india. india is the last brick stand

bullwork against china's expansion? >> i think the u.s. will have to step up for many reasons. you really see in china over play its hand in that region and you're starting to see push back everywhere from japan to taiwan - to indonesia and certainly last week's deployment of a u.s. naval destroyer was washington's latest signal that it intends to step up a little bit >>> thank you for being with us. jennifer harris on the council on foreign relations sharing insights on the historic meeting between the leaders of china and taiwan. coming up on al jazeera america the latest on a freight train derailed that closed highways and forced evacuations. >>> emergency crews are on the scene of a freight train derailment along the river where dozens of cars went off the tracks. bnsff rail way say there were no injuries, but some highways were closed as a precaution. personnel are working to contain ethanol leaks from tankers into the river. the rail way says there is no threat to the public and a voluntary evacuation of nearby re

china, china's economy -- china company being that does not mean that yours would be bad. believed the internet would start to grow. we think it is an opportunity worriedwhen everybody about the china economy and china, the global economy, we think it is an opportunity. worried is not solved the problem. we have been worrying for so many years. emily: when you say many internet companies will fail, what kind of companies? jack: many have failed and will fill in the future. if the do not change themselves to make the future needs of the internet users -- the users, the consumers change quickly. it is almost difficult, it is know.ible to 10 years ago, who was the most successful internet company? yahoo! in china, they were wonderful. but today, it's different. don't know if alibaba will still be like this in 10 years. we have to worry every day. emily: do you think we are in a bubble? jack: no, i don't think so. as makes aike billion dollars profit, then you call it a bubble? -- bubble a good logo to have. emily: many investors are skeptical about alibaba, they are shorting

paul: we are positive on china. there is no doubt a growth of 7%, maybe a present as long behind us. one of the first indicators to show that. indicator is actually a bit better and we think growth has started to stabilize as the economy is feeling the effect of the recent economy stimulus. we are in little that better than people expect. months we think the chinese economy will do better than most people expect. that is not the say it will do extremely well, but we think there is an air of bloom around china that isn't quite justified. -- arab gloom of china that isn't quite justified. air of bloom around china that isn't quite justified. angie: how does the change from china and the global economy? paul: i'm afraid the answers are not a lot. it sounds like a big field when it comes down to it. i don't see it meaning that much at all, really. asset managers aren't going to suddenly by in china, just because it is now in the basket. they are more concerned about what they could do and how quickly they could get the

taiwan split from china. china is recognised by 21 states in the fat can. china says its territory can be under beijing's coment. the talks from called a threat to the island's democracy. activists gathered outside the parliament to protest the meeting. >> this summit comes as the culmination of a policy by taiwan's president to draw closer to mainland china. under the leadership, beside and transport links have become stronger than ever before. and meeting his counterpart has been the ultimate goal. >> almost as significant as the summit itself is its timing as taiwan prepares for presidential elections in january. about his ruling party or kmt trailling in the polls, many see this as china's way of giving his party support. >> china is trying to boost up the fortunes, ironically of their old enemy, the party. with whom they fought in the '40s and '30s. >> the mason opposition democratic progressive party is wary of getting close to china, going as far as favouring independence. >> i have to point out that the president was going to finish his term of offi

china views taiwan as a break away province not an independent nation. sahil raman, just tell us what we expect to happen at this meeting expected in the next few hours. >> we are less than an hour away from the president arriving in singapore. to greet them the assembled press corps. large delegations from taiwan and china, over 500 media outlets have been registered to take this broadcast. what you're seeing now is a queue for journalists who are hoping to get into the pressroom. whether they get in or not is another thing. while they wait for the president it is a much anticipated meeting. you did say there are leaders, the two political parties the last time they met ws i was in . but the first time the leaders have complete since 1945, after the second world war, china went into a civil war and routed the nationalists, the commune it's formed theirs in beijing. few interesting comments from the chinese president relating to south china sea. now of course taiwan is within that area. xi jinping is saying that countries are welcome to participate in th

china's rebalancing act. industrial output slumps to a 2009 low while alibaba single day sales rise to a record. a very warm welcome to "the pulse." i'm manus cranny. beer, beer, we want more beer. let's begin with a megadeal. sab miller shares are up this morning. made a formal offer to buy the company for $107 billion. the merger will make the industry's biggest ever deal. sab miller will sell its stake in miller-course. let's get more details on that deal with ryan. this is a relatively complicated agreement and it has taken a number of years to get there. ryan: it has. it has been exactly eight weeks since sab miller came out and said that ab inbev intends to make an offer for it. and of course, executives and shareholders in both companies started disappearing from meetings just before that. you can go all the way back to last year, when sab miller failed to buy heineken in what was seen as a real defense to prevent its acquisition as kicking the merger talk off. it is easy to understand why. ab inbev is

china, e.m., look at the impact china in europe. all of this put together means that if we have a rate rise in the u.s. in december, will it be a little bit too late for europe to actually engineer a meaningful recovery if world conditions continue to slow down and the u.s. -- hurrah,f america rises, we are all off to the races. and then all ships rise. it's the currency where we are getting the major response. richard, i want to bring you in because you look at the statistics. and that is what we do very well a bloomberg. we deal with facts and stats. take me through the post-draghi, we have seen the euro -dollar moving, but the market interpretation. richard: before draghi spoke this morning there was a high expenditures -- expended see that we were -- expectancy that we would get a cut. it's looking like that is fully price. actually we, market participants are working on the next 10 basis point which are 80% price by september of next year. so there was an expectation from market participants that we would get not only an expans

and china over mentions of the disputes in the south china sea. nhk world reports from kuala lumpur. >> what is the issue and who objected is just going to fuel it amongst ourselves. we couldn't sign the jd because there was no consensus. it was a decision by asean. >> china's construction of artificial islands has caused alarm over its territory ambitions. the united states last week sent a warship close to an artificial island on what it called a freedom of navigation patrol. u.s. defense secretary ash carter and chang wanquan held a meeting on tuesday. china wanted to keep any mention of the south china sea out of the final declaration. the u.s. as well as japan backed the philippine's position that the topic must be included. asean is planning to create a single market of 600 million people and become a unified engine of the world economy. many countries want to resolve the potential maritime flash point close to its middle. so far, they have failed to agree on how. the philippines had a dispute with china over the spratly islands. the preside

leaders of china and taiwan hold their first talks in more than 60 years. fears of fresh violence in burundi assem nesty expires. >> a celebration in sierra leone after the country is declared free of ebola. egyptian investigators say they are considering all possibility scenarios in the search for what caused last week's plane crash in sanai in which 224 people died. the man loading the investigation said experts were analyzing a loud noise. earlier, the foreign minister criticized for not sharing intelligence. quoted by the reuters' news agency said they were checking security cameras at sharmal sheik where the aircraft took off. paul wrenan now reports. it's been seven days since metro 9628 fill out. sky take 224 people to their deaths and flowers were laid on saturday at the crash site in the desert. after a week of leaks, rooufrmz and speculation, an official statement when the from the egyptian crash investigators. >> it is scattered over a wide area, more than 13 kilometers in length which is consistent with an in flight break-up. some parts of the w

mets against the china's -- matched against china's pmi, is not bad. figureslowest export coming from germany. that is tied back to the china story. the financial conditions in europe are improving. tenant thatverall people want to look at. much more qe has got to be done. how long will it last? morgan stanley lowered the forecast on the currency. this is on the euro. parity by theee end of next year. the fourth quarter of 2016. the euro-dollar will still get parity. jonathan: manus parry -- manus cranny, great to have you with us. a lot more data coming this morning. pmi data in five minutes time. u.k. at 9:30. if you want to talk market, you know where i am. i am on twitter. we bid farewell to october. we kickoff november in the red here in europe. best of luck from me and the bloomberg team. ♪ francine: a deadlock ends in turkey. ,he party space back into power sending the lira and stocks forward. manus: hsbc reports a bigger than expected that he to percent jump in profit. decision on moving its headquarters may not come until 2016. francine: chi

destroyer sailed through waters claimed by china off an artificial island in the south china sea. malaysian and other sources say several participants called for a code of action with legal binding powers. others said er territorial disps must be resolved peacefully. >> as defense ministers, our biggest concern is unintended, accidental, unintentional incidents in the high seas. how we engage major powers as a bloc. it's very important. >> the philippines is among the countries challenging china's territorial claims. its representatives proposed amending the code for unalerted encounters at sea or queues. it's meant to prevent aggressive actions that could lead to full fledged confrontations. the code currently applies to naval vessels. the first meeting since the american navy vessel sailed near the artificial chinese island. u.s. secretary of defense ash carter met with the chinese defense minister for about 40 minutes. carter said his military would continue similar operations. senior pentagon officials say he told chan all countries should stop reclaiming land or building mili

china has great facilities there. --na's lack of relation work reclamation work -- present obama has said international law must be followed. --is rated at the highest a level by three of the major ratings agencies. cut.could be facing a paul, the, the route is really keeping the pressure on thbhp. paul: copper up, oil is down by 20%. commodity didbest our best--commodity. bhp e case of uncertainty, there is a potent mix related to their credit rating. credit rating is in line with a bbb rating rather than standard and poor has them at. what does this mean when it comes to bhp's dividend policy? it is progressive, is it in danger? paul: is controversy of. --controversial. --it is controversy of. it was stressed that bhp would not do anything that put its balance sheet at risk and they would not do anything until february when the earnings are announced. figure out what someone really meant to say, you look at the remarks and can conclude the aggressive dividend policy of bhp is under pressure. thatd: venezuela's warni

that china's a player. and that its currency has just entered the global stage in a bigger way. >> sara, thank you so much. interesting news today from the imf. back to our retail conversation. i'm just noticing from our stocks desk the srt, retail etf, is at the lows of the day. if you look at some retail stocks, they typically do not perform well on cyber monday. maybe some of the traditional brick and mortar ones. sears on average down 3% along with macy's, kohl's, all not faring well typically on a cyber monday. >> you have to wonder if that's just because it's a giveback of people getting overexcited about black friday days before. it was only called cyber monday for the last decade or so. before that, it was just called the monday after thanksgiving. and then you probably had, again, some giveback, people anticipated some kind of busy traveling weekend. >> we sent john, he's our favorite shopper, to the mall of america on black friday to see where consumers were shopping or weren't. john, you always t

attempts at closer integration raise anti china sentiment. this summit could lead to closer links or backfire, steering tie won on a more independent course. >>> a joint declaration of the afghan nation due to be signed later on wednesday, the ceremony has now been canceled. china, which is not part has been lobbying to block any mention of its man made islands in disputed areas of the sea. >>> an isil linked group in egypt said one fighter carried out the suicide talk in the sinai peninsula. three policeman have been killed. ten others, including five civilians were wounded. the attack is set up and targeted an officer's club. >>> egypt's civil aviation minister said experts investigatingion a plane crash finished searching the skate and now will examine the black box flight recorders. the plane belonging to metro jet in russia same down four days ago killing all 224 passengers and crew onboard. we have this report. >> wreckage was strewn over more than three kilometers of desert. this footage film by russian investigators is used to help es

china's budget deficit could exceed the official target this year. that would push it dangerously close to the so-called red line of 3%. the firstp 18% during month of the year. beijing turned to fiscal stores it economists say a deficit surpassed.3% will be the number of chinese visitors to japan doubled last month as tourists took it vantage the cheapness of the yen, number is rising to 1.8 million in october. a record for that month, almost 4.5 holidaymakers visiting japan from china this month. getting back to our top story, anyboj decision is due time, the policymaking meeting coming as japan comes out with the trade surplus for october despite imports and exports continuing to fall. now. joins us how important is this? i think this data is important. remember that japan has now entered its seventh technical recession since 1997. this time, it is being blamed on external demand. that is weighing on industrial output which is undermining demand for capital investment. the policy board members will look at these numbers closely, focusing on export

these talks is china itself. how critical has the shift from xi jinping on this issue been in the last year? cathleen: this has been really game changing -- katty: and it is sincere, they will deliver? cathleen: absolutely. last year we saw the united states come forward with china to make a joint pledge to make ambitious reductions in their admissions. china committed to not only double the use of nonfossil energy, but to keep emissions by 2030. it is possible to achieve those tournaments as soon as possible, even before 2030 -- those commitments as soon as possible, even before 2030. this was the result of tremendous pressure on the chinese government and president xi jinping himself to respond to the air pollution crisis in many cities across china, including beijing. he has to transition the economy in turn away from coal consumption towards cleaner energy sources. we are actually seeing that. katty: kathleen kelly, thank you for joining me. cathleen: thank you so much. katty: we will bring you the news from

let's talk about the china growth story. are you surprised at the extent to which they have to evaluate the u.k.? really, you have to take into account we're in a new dynamic. i think the china story could surprise people in little bit. that is a healthy thing, we need -- i think there is an effect into emerging markets. we saw a collapse in oil prices. the set pack -- a setback in people's confidence is that we would have less of growth, and that has concerned the market. we had a number of employment figures have been not quite as good. that is probably on balance, the theory is we must keep a close eye on that and make sure we don't, and anyway, inhibit the recovery we have in the u.k.. anna: how much does it matter to you at the chinese growth engine is not quite as powerful as it once was? officialng the figures, they are not what they once were, it is hard to keep growing. mike: i think that is the point. their growth at 6.5% now it's equivalent of 10% a few years ago. it will bensumption, healthy a we will see manufac