somehow beijing is so costly, buyers cannot be found. property prices have gone up by more than 500 u.s. dollars per square meter in just over one year. the closer you get to central beijing, the higher the prices. the pricing units are almost $15,000 per square meter. the surge in crisis has made it challenging for people to buy their dream home. many are moving to the suburbs, in search of afford abable rent. the city's commute time is the second longest in the world. >> people from all corners of the country come to the capital in search of business opportunities. unless they are very successful, it is difficult to live here. >>> the sudden rise of property prices in beijing has created a serious value cost imbalance. we follow the lives of those in pursuit of the second coming of the chinese dream. and the hopes of those who are dashed. >>> tiananmen square is where mao zedong declared china in 1949. in the 17th century, during the cheng dynasty, beijing was built around the forbidden city. five ring roads surround the castle. whethe

somehow beijing is so costly, buyers cannot be found. property prices have gone up by more than 500 u.s. dollars per square meter in just over one year. the closer you get to central beijing, the higher the prices. the pricing units are almost $15,000 per square meter. the surge in crisis has made it challenging for people to buy their dream home. many are moving to the suburbs, in search of afford abable rent. the city's commute time is the second longest in the world. >> people from all corners of the country come to the capital in search of business opportunities. unless they are very successful, it is difficult to live here. >>> the sudden rise of property prices in beijing has created a serious value cost imbalance. we follow the lives of those in pursuit of the second coming of the chinese dream. and the hopes of those who are dashed. >>> tiananmen square is where mao zedong declared china in 1949. in the 17th century, during the cheng dynasty, beijing was built around the forbidden city. five ring roads surround the castle. whethe

this is the centre of government in beijing. if you want to do business in china, you need to come to beijing and many large companies are based here for that very reason. all right. they have huge problem to deal with. banks we re huge problem to deal with. banks were your time and telling us what is going on. we will talk of that in more detail. a quick look at the markets. the us and europe had a good session yesterday so asia are riding on the coattails of that. japan is down slightly by one third ofa japan is down slightly by one third of a percent. you up—to—date with business stories. i will see very $0011. after the attack in berlin, authorities throughout europe, including britain, have been revisiting their security arrangements for christmas and new year. here in the uk, the threat level remains unchanged at severe, which means a terror attack is highly likely. here's our security correspondent, gordon corera. the christmas events that are supposed to be a time ofjoy are now tinged with anxiety. the warning signs

it is quite substantial so actually it is in beijing —— in the air in beijing is more dangerous than smoking cigarettes. companies are allowed workers to work remotely from home others closed down. it is difficult to attach a number that it is easily over billions of dollars. this choking haze is impacting productivity. what measures are companies take it to be able to ove 1120 m e companies take it to be able to overcome this? it is not easy because so far what companies can do is just buying really expensive air purifies and give workers more expensive health insurance package but not that productive because it can lower the work ofjobs at home and more of a headache forjobs at home. beijing called for an all-out war against pollution in 2013 — are they losing it? i do not think they are necessarily losing it because fighting pollution is difficult. they are more ready to acknowledge the problem and do something about it. a lot of industry into neighbouring provinces at starting to feel the impact although it will ta ke yea rs. to feel the impact although it will take years. what

analysts say that beijing is officially showing some restraint. however, they believe that if trump were to carry out his aggressive stance and turning that into official policy, beijing would also react with stronger action. some of the ideas are that beijing could recall its ambassador or perhaps even cut diplomatic ties. the state media appear its to be attempting to steer trump away from confrontation. the china daily said that trump should take president obama's advice and think through what the consequences are before up-ending long-standing policy. for "nightly business report," i'm eunice yoon, in beijing. >>> president-elect donald trump has picked a conservative congressman to be his budget chief. and run one of the most powerful and influential economic agencies. mik mill veiny. eamon javers is covering the story tonight from washington. good to see you, eamon. >> hi, sue. >> so if medical any is a fiscal conservative, how is that going to gel, or will it gel, with mr. trump's calls for massive infrastructure spending? >> yeah, that's g

beijing unchanged. as you see the effects of the cooling measures that have rolled out from september in many cities and locally as well, administrations have also brought out extra curb on properties. year over year we see the processes jumped. shenzhen up by more than 28%. than .8%. by more this is what authorities are concerned about. this big jump in prices. cooling measures to some extent but they are worried about property. this is one of the things the committee meeting was working at , they need to find a way to deflate and control financial risks. officials laid out steps on deflating the real estate bubble, including limiting loans for spec it is homes, purchases, and limiting supply. coulde said the property not be struggling. they have also said from this meeting that houses are to be inhabited, not for speculation. do notthat they really like property speculation going on. china, of course, they are moving to tighten the economy and even allow the possible impact of that. they are more effe

beijing does not want to see hong kong, maybe beijing does not want to see hong kong ruled by someone quite so unpopular and perceived as caring out beijing's instructions in a pretty heavy-handed way. sophie: this would be chance for a new candidate who could perhaps change that sentiment? >> there are several main candidates who could step forward. one will potentially announces candidacy today. we have the election of the voting committee, the committee that will select the chief executive in march. rishaad: what do we know about him? financialhe secretary, pretty popular amongst the people in hong kong. he has the tycoons in hong kong on his side. we don't know how beijing perceives him. disadvantage a when it goes forward. we would probably need to hear -- he will first have to resign his position, and the final expected to put her candidacy in sometime this week. then of course there is judge oo, who through his candidacy in the ring in october. rishaad: right, i head on bloomberg markets, angie and haidi will update us. haidi: it is called shock and all in the oil world as the

matt rivers in beijing. thank you. >>> back to politics. ballots recounted in wisconsin and the winner is donald trump. the state elections commission saying it cannot only recertify the president-elect is the winner, but award him 131 more votes in the process. green party candidate jill stein financed the recount over concerns of hacking possibilities and voting irregularity. donald trump said the wisconsin win is in and guess what? we picked up additional 131 votes. the democrats can rest. scam. >>> a federal judge ruled last month's election results will stand and trump is the winner in pennsylvania. the judge rejecting the recount bid by jill stein saying suspicion borders on the irrational. >>> up next, the crisis in aleppo. thousands of civilians trying to flee the cka carnage there. reports of mass executions by forces. what is the status of the rebel movement? a live report ahead. >>> humanitarian groups in syria pleading for help this morning as government forces enter the final stages of recapturi

so how bad is beijing's pollution at the moment? i have brought this device outside to try to measure it. you would normally have this little thing inside your house measuring if air pollution is coming in from the outside. i sent it to measure the particular. these are the small particles thought to be very dangerous because they get deep into your respiratory system. the world health organisation has a recommended annual target of ten and here, according to our little egg, right now it is over 400. how is beijing compared to other world cities at the moment? tokyo has one of 30, moscow has a reading of five, montreal... 17. and london, 36. if! we re montreal... 17. and london, 36. if! were to drive a few hundred kilometres to the north of beijing to the neighbouring province there, i would find cities and towns which today are registering over 600. the long—term solutions are pretty clear. have less car is, cars which do not pull it as much —— less cars and to phase out heavily polluting factories and coal—fired power stat

where the united states would tolerate the beijing government attempting by force to take over taiwan. it's also true that when you are dealing with a country the size of china that there are no circumstances where we would encourage taiwan to declare independence because this goes to the very heart of the chinese definition of sovereignty. trump is indicating he will be more open and he's also saying to beijing you are in for some very challenging negotiations and should not assume it is all your way. that's why they did not ask us about building an island in the south china sea or the devaluing of the yuan. you want to create a conversation that is a real dialogue, fine. you want competition, fine, but don't tell us we are not allowed to compete. >> what will international aid look like under the trump administration? mr. gingrich: i hope it will be very dramatically overhauled. look at the trillions of dollars we spent and ask yourself to what degree does our bureaucracy giving another bureaucracy money necessarily the best way for countries to develop? had we spent the same number

one china policy, then beijing and washington would have nothing further to discuss. the foreign ministry said the one china principle is the political bedrock for china u.s. relations if it is compromised or disputed, the sound and steady development of china relationship as well as other major issues would have out of the question. those words were obtained coming out of the state media. the state run news agency xinhua just posted a commentary titled principles not impulsiveness needed for china/u.s. ties and the global times, a communist party paper also described trump as naive like a child when it comes to foreign policy and a man who has no idea how dangerous his words can be. china considers a one china principle to be core to its interests, regarding taiwan. the u.s. recognized this principle since the 1970s and china just grisles at any suggestion that taiwan is an independent country instead of what beijing believes it to be, a rogue province. i spoke to one long time china analyst who said to me that it's not really such a bad idea for washington to take o

i think on an individual basis where you have people going to beijing and getting internal bleeding, you know there's a problem. when you have people locked up for days trying to escape the smog, you know that this is something that is throwing everybody‘s lives into chaos. i think the good news is that china is trying to do something about it. the bad news is that it's going to take some time. china is trying to do something about it because in 2014, beijing declared an all—out war on pollution, but it's already been two yea rs, yes, pollution, but it's already been two years, yes, factories have been shut down, but are they losing the war?|j think that the thing to keep in

the problem is, of course, that for beijing this is the big red line. they still clime claim sovereignty -- they still claim sovereignty over the islands and have a law saying they will take action if independence is declared. china is really on this issue because of its nationalism at the in a moment, because of the fall i falling president that's staked on the integrity, not willing to compromise. this is before mr. trump became president. after the 20th of january, this kind of thing would be no game. i mean, this is really, really a line in which china has basically no real space to back down on. so it's a pretty difficult area to operate in. >> i want to help our viewers to understand those who may not be familiar with cross-state relations. remember people to get a -- help people to get a sense of the history here and why in is crucial and important. >> so, there was a civil war from 1946, the communist party won the civil war against the nationalists. in 1949, the people's republic of china was established. the nationalists fled to the island of

shejoins me now from beijing. beijing declared an all—out war against pollution in 2014 butjust listening to those concerned citizens in the north—east including beijing, they are very concerned. east china losing the war? —— is china. no matter how bad it is, we can't say that china is losing the war. that there just tell you, it is tremendously bad in beijing and surrounding area. over 400 million people have been affected. my own personal friends when they go to beijing are experiencing in tamil bleeding for no reason —— internal bleeding. and they have gone back to shanghai. we have spoken to you almost every year for the past three yea rs almost every year for the past three years and you are very supportive of the chinese government and their measures to basically improve the pollution problem. what more needs to be done? they need to shut down coal—fired power plants. they made an announcement to shut down over 20 coal—fired power plants. the equivalent of all of united kingdom and spain's c

tom mackenzie in beijing. sophie: and currency investors and bond markets are looking at the libel yield curve. malcolm scott is here to explain that. how will this help china in the bond market? malcolm: they are at the short end of the curve, and that is a problem. a reliablegetting gauge out to 10, 2030 years -- 20, 30 years. so we have got this concentration of the short-term as the graphic shows. has some liquidity where it is lacking. it will be 12 market-making institutions that work with the industry of finance. they feel that there is not enough supply or demand either way of certain maturity, five to seven or maybe 10 to 15, then they will work with the industry of finance and sort of pop them out or whatever to flesh out and stabilize. rishaad: you answered it for me. i was going to ask about the real economy, and the ability to price risk is crucial. malcolm: it is also crucial for international investors. china once to nationalize the yuan, but you need to park it somewhere. stock market, is it to

how is beijing likely to react? to get official reaction to this latest comment from trump on the china relationship. we did see a comment in the state media calling donald trump a novice and suggesting he was being manipulated by conservative forces, and saying he was fickle and may go back on his word. the one chinas policy is nonnegotiable from the beijing perspective. it is a redline for them. they have heard from trump on not only this, but also tariffs, labeling china a currency manipulator. a tactic their military buildup in the south china sea and for not working more closely with the u.s. on tackling the issue of north korea. on the other side of that is trump offering to put up an seensador to china who is by china as a friend of the country, so mixed messages and their policy makers having to work out which direction he will go in when he gets into the white house. yvonne: great to have you. still ahead, we hear from russia's energy minister about the historic output agreement and long-term impacts. ramy:

we monitor beijing's reaction to it. alexandra field for us in beijing. thank you. >>> a vote recount effort in the u.s. state of pennsylvania has been halted due to the cost. the green party dropped the request for a recount after a state judge required a $1 million bond to proceed. green party presidential candidate jill stein who spearheaded the effort was furious. in a statement she said the judge's outrageous demand that voters pay such an exorbitant figure is a shameful, unacceptable barrier to democratic participation. this is yet another sign that pennsylvania's antiquated election law is stacked against voters. pennsylvania is one of three states won by donald trump where the green party had hoped to get statewide recounts. stein will go to federal court on monday to force a recount in pennsylvania on constitutional grounds. >>> the outgoing pentagon chief is voicing support for his lively successor. u.s. defense secretary ash carter calls james mattis a friend and holds him in the highest regard. mattis is donald trump's choice to lead the defen

>> all right, matt rivers reporting live from beijing. one country looking forward to trump being president is israel. in an interview with "60 minutes" the prime minister benjamin netanyahu said he is excited to work with the new president-elect. >> i know donald trump. i know him very well. and i think his attitude, his support for israel, is clear. he feels very warmly about the jewish state, about the jewish people, and about jewish people. there's no question about that. >> netanyahu admitting he's had differences with president obama, but insists it was never personal. he also said he's planning to meet with trump to discuss ending the iran nuclear deal. trump previously slammed that agreement calling it stupid. and a disgrace. trump's choice for secretary of defense retired general james mattis has warned against withdrawing from that iran deal. >>> still to come in the "newsroom" we are minutes away from senate he'll be facing questions about a possible investigation into reports that russians intervened into the u.s. election. mo

this is our embassy in beijing. we acknowledge that the chinese government is the chinese government. we don't have the u.s. embassy to china in taiwan any more. we have the embassy in beijing which is the capital of that country. we have a one china policy where we recognize there's only one chinese government. we recognize the chinese government as the government of china, it took us a long time for us to get there. it sounds rational now, it took us a long time, decades to get there. and that's where we are. and donald trump apaerson thely took that silverware drawer out of the cabinet and turned it upside down over his head and we'll see what happens. it took decades to develop the grounds on which we talk to china. donald trump tore it up today. the intense and important thing here, is we don't know if he did it on purpose. or if he just bumbled into it. i mean, either way, this conceivably is the way wars start, right? but -- what he did tonight is either a profoundly radical and consequential surprise action

in beijing with the latest on that, younis? >> china's foreign ministry tempted to ease tensions over the drone, saying the militaries were in direct talks to negotiate the handover of the drone. the ministry also cautiously attempted to defend beijing's actions, saying china's navy had a responsible and professional attitude to identify and ascertain this object, if you discover or pick something up from the street, you have to examine it. that was a very different tone than what was coming out of state media, which both defended beijing's actions strongly and mocked donald trump. they called the survey ship a serial offender spying against china. the official press more broadly attacked donald trump, calling him emotional for tweeting that beijing should keep the drone. the nationalist global times said trump's tweets add fuel to the fire and said trump is not behaving as a president and has no sense of how to lead a super power. trump has indicated that he wants to become much more aggressive on the south china sea, and that

let's get more from john sudworth in beijing. thick,ere it is, then, a of particles and other nasties expected to hang around for the best part of a week. the red alert that the authorities in beijing have put in place will keep half of all this city's cars off the road through and even- and odd-numbered system, as well as forcing some of the worst polluting factories to close. there is a thick blanket of smog across a large swath of china and some 20 or so other cities are expected to follow suit. pollution levels are, of course, often even higher than this. and yet this is only the second time the authorities in beijing have issued a red alert since the system was introduced three years ago, leading to suspicions that the decision to do so is often just as much political as it is about public safety. lucian is -- pollution is an issue of increasing public concern, with mounting public anger. a recent protest in the central city was quickly quashed by the authorities with a number of activists arrested. earlier this year in anot

a lot of that is because the south china sea is a very sensitive topic for beijing. they use it in their messaging domestically. in fact, president xi xinping has been using the south china sea to whip up nationalism because he's trying to portray himself as a defender of china's interests against the west. and that, according to a lot of analysts here i speak to, makes it much more difficult for him to negotiate something with trump or to back down on this issue. and if you couple that with the fact that the chinese economy is slowing down. and there is also expected to be a political reshuffle next year, it just makes it that much more difficult for president xi who wants to project himself as a strong leader. >> eunice yoon, thank you very much for the update from beijing this morning. >>> wilfred, i just wonder, both of our must-read stories get at this topic. but how trump is going to -- if he's going to be as aggressive on the military side as he is indicating he will be on the economic side. because so far on the campaign trail, what he was really hitting at w

including some tough talk toward beijing. were met with responses from officials in beijing. in the wake of the phone call, officials did file complaint with washington. they urged president-elect trump to adhere to the longstanding one china policy through which washington and beijing maintain official diplomatic ties. no official relationship with washington, d.c. and t'aipei. officials here did not come out and respond to the tweets. they did not fire off a response. a spokesperson from the ministry of foreign affairs was asked about the tweets during a briefing today. he responded and highlighting the relationship with china and the relationship and talking about the economic relationship which exists and trade partnerships that exists. he went on to say he would not speculate the pomotivations of trump. he says china does pay attention to the policies. the question is what will the trump administration policy toward china be and how much will it divurge from the precedent set. this is closely scrutinized by news outlets. china should understand the two faces. on the one

this has certainly raised concerns here in beijing. look, president-elect donald trump's preferred method of communication, twitter, is blocked to the public of course here in china but you can count on the fact that leaders, officials, got the message loud and clear. what they did not do was issue an immediate official response to these tweets that the president-elect had put out there. instead, a spokesperson for the foreign ministry did offer some remarks about those tweets when asked at a regularly scheduled briefing. i have to say the response was measured considering those tweets. here's part of what he said. he said the economic and trade relationship between china and the united states has been a highly mutually beneficial one or it wouldn't have developed this far. we don't want to speculate on the motivations behind president-elect trump and his team's actions but we will make clear our stance when it comes to policies related to china. the question that's being asked here in beijing is what exactly will the policies related

joining us from beijing is ye alexandra field. are you getting any indication there could be retaliation down the line? >> reporter: we don't know what president-elect trump intended to illicit in taking on beijing on the twitter account. the spokesperson for the ministry of foreign affairs says china won't speculate what motivated his actions or transition team's actions. the tweets did not trigger an immediate response from officials here in beijing. they discussed the matters when asked during the briefing held by the foreign affairs. they feel the importance of upholding the bilateral relationship with the u.s. and china and the economic trade relationship with the two countries. the spokesperson went on to say china doesn't comment on the style or personality of foreign politici politician, but policy. the question is what is the policy we will see under a trump administration? how will the longstanding u.s. and china policy shift? there have been signs and signals. the tough rhetoric he took toward beijing on the campaign tr

companies to compete, and he said beijing heavily taxes u.s. products going into the country while the u.s. does not tax chinese products. all true or false? >> this is a little bit more opaque, this one. we've been looking at this, and trying to find out where china taxes u.s. goods and the u.s. doesn't apply the same taxes. there is a value added tax, a vat tax. that applies to everything that goes into china and everything made within china, they're subject to a 17% value added tax which includes u.s. goods. the u.s. doesn't have that. he could be talking about. he could be talking act tariffs. china imposes average 5% taxes on goods going into china, but the u.s. imposes average 3% tariffs on goods going into the u.s. so what he's specifically talking about here, it's unclear at this stage, but it's still all circling back to the central point i was talking before. if this is president-elect trump preparing the way for president trump to act, it is going to be a very, very difficult relationship between the world's two biggest power houses,

has maintained a relationship. >> thank you very much for the reaction from beijing. >>> all right. donald trump's tweets made some bold allegations. andrew stevens has been examining them for accuracy. so, andrew, let's fact check what donald trump had to say about chin start with his suggestion that it was ma nipulating its currency. true or false? >> well, the manipulation donald trump is referring to is the devaluation of the chinese yuan. there's no doubt the yuan has been losing value since the election of donald trump. but this is really a story about the strength of the u.s. dollar rather than china actively meddling in the currency markets to bring the value of their currency down which makes their exports cheaper. if you take a look at what's been happening in the currency markets, the yuan has been much more resilient to falling against the dollar than some of the other much bigger currencies, or much more widely trader currencies. the euro is down 4.5%. china's currency is down just 2%. so to say that china is manipulating the currency down at the moment does not stand u

theirfactory made homes areafamiliar beijing. theirfactory made homes are a familiar feature beijing. theirfactory made homes are a familiarfeature in beijing. theirfactory made homes are a familiar feature in the beijing. theirfactory made homes are a familiarfeature in the far east may have seen an opportunity to expand the business to the uk. six factories are planned across britain, one in scotland, another in south wales and cornwall dotted around england. 1000 morejobs and a boost for suppliers, including britain's steel industry. if we are going get this country to build the homes we need we need to make maximum use of their —— modern methods of construction, but also homes can be built much more quickly. in britain, we tend to associate factory made homes with cheap and drafted post—war prefab plural fackrell but 20% troop modular homes are very different, designed to be aspirational places to live. these factory made homes being launched in south london are seven to the kind of product the new factories will produc

>> reporter: this is ringing alarm bells in beijing. they expected there would be a status quo in u.s. china relations and no change in the relationship with washington. also they expected it would be status quo with taiwan. we should not for get in the phone call today, trump congratulated her on her win and that's not such a subtle detail. china long regarded taiwan as a provence, so to have a leader congratulate a so-called leader is seen as a tpraufrontier, and there's thinking going on in beijing. >> do you think there's a chance that the chinese government in beijing will write this off as a possible diplomatic faux pas because of the transition in president-elect trump getting his feet underneath him so to speak on the foreign policy or will the explanation about the phone call be enough to calm the tensions? >> reporter: there's going to be increased tensions and explanation from washington that will appease beijing, and this is coming at a time when trump has no clear or stated policy on china, and he called china a currency ma

in light of comments by president-elect donald trump during his election campaign criticizing beijing. >>> we'll now go to our final installment of local goes global. conventionally, bricks are made by baking clay in large ovens. as this next report shows, the technology is being shared internationally by those hoping for a cleaner world. >> tajmim city is known for making ceramics and tiles. but these days output of its products is only a fraction of what it was in its peak. this man owns a factory with five employ owes, he began the business producing tiles, but his desire to expand his product line led him to a new kind of brick, his main material is waste left over from the pottery making process, the kind of material that usually gets thrown away. the material is mixed with special chemicals and cement. then it's extruded under pressure, then it's transformed into bricks, all without fire, they are just as strong as conventional bricks, but much cheaper. these bricks became popular in japan, but sales growth has slowed so he began looking for new opportunities. >> the brick marke

. >> the president-elect is doubling down on taiwan and beijing is now firing back? think problems with china would be, well, problematic? wait until you hear what the chinese have to say. constipated? trust number one doctor recommended dulcolax use dulcolax tablets for gentle overnight relief suppositories for relief in minutes and stool softeners for comfortable relief of hard stools. dulcolax, designed for dependable relief the itsy bitsy spider went up the waterspout. down came the rain and clogged the gutter system creating a leak in the roof. luckily the spider recently had geico help him with homeowners insurance. water completely destroyed his swedish foam mattress. he got full replacement and now owns the sleep number bed. his sleep number setting is 25. call geico and see how much you could save on homeowners insurance. >> 0 fox report. witnesses say two young girls strapped with explosives blew up near a crowded market in northern nigeria. the blast injured 17 people. officials blamed boko haram. witness says the girl may have been as young as seven or ei

a big question here that is remaining in beijing. how will this affect the relationship going forward? if you look at what happened over the last couple weeks, it is the latest negative incident in the relationship with both sides. donald trump taking a call in early december from the president of taiwan and questioning the one china policy. and tweeting about this latest incident and it has drawn the ire of the chinese government. this kind of tough take on china, but it is safe to say, on the chinese side of things, the chinese government given statemen statements, not happy with the take and the track of the incoming trump administration. matt rivers, cnn, beijing. >>> president-elect trump is tapping mike mulvaney to head the budget office. he would also set up the federal government's purchases of goods and services. mulvaney has been in congress since 2011. he co- founded the house freedom caucus. a group of conservative lawmaker who s who clashed with party leaders other debt. he threw his support behind trump after paul ryan

it's not something acknowledgeed by beijing and considered an affront. whether trump knew the ramifications of the phone call still are unclear, but if it signals a major shift in u.s. policy, then it will also bring a major rift in u.s./china relations between trump's presidency even gets started. richard? >> janice, thank you. from beijing with that report for us. >>> i now want to bring in two ranking members here from congress. we have california congresswoman judy chu, chair of the congressional asian-pacific caucus in los angeles. also with us, new york congressman gregory meeks, chair of the congressional black caucus pac. also a member of the house committee foreign affairs financial services. start with you, representative meeks. since you're on the house committee of foreign affairs financial services. a lot of money, when we talk about china. there's the trade deficit which is about one-third of a trillion dollars, each and every year. it's the largest funder to the united states. you sitting in congress on the house committee of foreign affai

., friday, in beijing. wherever you're watching from around the world, thanks very much for joining us. up first, like the fox guarding the henhouse. that's how critics are describing one of president-elect's donald trump's latest cabinet picks. trump is charging oklahoma attorney general scott pruitt for administrator of the environmental protection agency. pruitt is a critic of climate change science and has sued the very agency he's been picked to run. trump has chosen a third general for a key position. retired u.s. marine corps general john kelly is his pick to lead the department of homeland security. and a vote by the way expected in the house this hour could help trump's choice for defense secretary, general james mattis needs a waiver from both chambers to be eligible for the position. so far, president-elect trump has filled more than half of his cabinet and top level positions. today, he's on the road once again. he continues what's called his thank you tour with a rally later tonight in des moin

so definitely beijing combating this haze. and the weather may be helping out as we go ahead into wednesday. we do have a low down here towards the south. that's going to be kicking up the atmosphere a little bit, stirring things around, hopefully getting rid of that inversion line i was talking about there and allowing some clear air to kind of work its way into the forecast. also it is bringing rainshowers to eastern china, eventually korea, and most of japan later this week. that's warm air working its way in from the south. that means temperatures will be on the rise. so if you are in the shanghai, high of 16. scattered showers for you. seoul at 15. tokyo getting up to 15. but take a look at the four-day forecast. tokyo goes from 15 to 16 and 17 by thursday into friday. same thing really goes for most of japan. yamagata, sapporo, above-average temperatures before things start to cool down, nearly a 10-degree drop thursday into friday. getting much more winter-like there heading into the second half of the week. all right,

in beijing. still ahead, escalating his fight and seeking more than $5 billion in damages. betty: plus, kevin anderson of state street global tells us why he finds emerging-market debts still attractive. this is bloomberg. ♪ --hor: this is park geun-hye this is they make asia. i'm betty liu. yvonne: i am yvonne man. a company wants to buy 50 million shares of a motor company. this comes as the consultancy repairs to hold its agm on tuesday. it is the first of such meetings. betweenders will choose tata and -- betty: korea's business newspapers as hanjin shipping is likely to be liquidated. the accounting firm in charge of due diligence will recommend that option to a seoul court. the value of the company is estimated at $1.5 billion. hanjin shares trading down almost 7%. hong kong has arrested 29 current and former staff of five financial institutions for obtaining customer cetacean to market personal loans. the agency says the operation began last week and it led to the arrest. it does not nam

beijing has considered it a province of the mainland. we can't overlook the subtle detail of trump congratulating her on her win. this was a slap to the leadership in beijing that doesn't acknowledge the government this taipei, so whether there is something that trump had considered the ramifications of, it's still not clear. for now it is perhaps an affront, but if this does signal a major shift to come in u.s. and foreign policy it most likely will pose a major rift in u.s. and china relations before the trump presidency gets started. >> let's talk about what that will look like? how would it look if they signal a shift in u.s. policy? what have chinese governments said in the past to make sure that taiwan does not get recognized as a sovereign country? >> it will push the envelope. there will be more than likely discussions happening in beijing and likely in the back channels with washington to get a clear sense of where trump might be going with this. again, they have been firm in their position that nothing changes in its one china

beijing cathedral is not for outlaws. generation to generation, services here sanctioned right the state -- by the state. despite decades of persecution, china's catholics have held to faith, and even now their allegiance to the pope is closely monitored, and their bishops appointed by beijing. >> sooner or later we will have trouble -- reporter: this father has spent his whole life on the delicate frontline could he says a deal between the church and the chinese state will be historic. >> we have not seen this in 70 years, so we have great hope. it is essential. this is what constitutes, in my for thisew opportunity dialogue to succeed. reporter: the pope returns to bring china's catholics in from the cold. but he faces 2 risks. first, the charge that he is the train the memory of those who suffered and even died here for their faith. and then the charge that he is abandoning today's true believers to the control of a communist state. mass.om beijing, catholic despite freezing temperatures and police harassment, there we

it's a pivot from his predecessor and caused beijing to suspend contact with taiwan in june. ironically, former secretary of state henry kissinger was here in beijing to meet with china's president xi jinping when the call between trump and tsai took place. kissinger is the architect of the one-china policy and has recently consulted with president-elect trump. reena. >> ninan: in west texas a bus carrying high school cheerleaders crashed. several girls remain in the hospital. the cheerleaders were returning to the town of ira anne after their football team won a play-off game. the cause of the wreck is under investigation. a male student is under arrest for the fatal stabbing of a psychology professor at the university of southern california. investigators believe yesterday's attack was the result of a personal dispute between the u.s.c. student and professor. in los angeles, the f.b.i. captured a fugitive just a day after he was added to the 10 most wanted list. marlon jones of jamaica was wanted for allegingly killing four people at a birthday party back in october. the fo

an automated recycling station is installed in the beijing shopping center. the machine reads the bar codes on the empty bottles and cans and sorts them accordingly. recyclers get cash credits via a smartphone app. ten bottles fetch a 15 cent credit. that's more than they'd get through a regular collector, and the credits can be used when shopping at the mall. >> translator: i bring all my bottles and cans here once a week. not only does this help protect the environment, it gives me extra shopping money. >> reporter: the machine crushes the bottles and cans helping keep transportation costs to a minimum. the beijing-based company has already installed around 6,000 machines in subway stations and office buildings. the machines are monitored through an online system. when they are full, an alert is sent to employees' smartphones. various kinds of wastes are collected like clothing and cell phones. the company is planning to increase the variety of recyclable items even further. it has also launched an app-based recycling service. users book a home pickup and g

>>[applause] mayor sleight paid a visit to beijing and he came back yesterday. supervisor jane kim, chairman of china ocean wide, mr. --distinguished guest, ladies and gentlemen, good morning. it is my pleasure to be invited here to celebrate the groundbreaking of the ocean wide center. on behalf of the consulate general of in san francisco i would like to express warmest congratulations to ocean wide holdings and the city and the county of san francisco. in recent years the china-us trade and investment relations have become much closer [inaudible] bilateral trade reached us$558 billion. china overtook canada as the largest trading partner of the united states in 2015. chinese companies invested us$8.4 billion in the us up by 60% from 2014. this year the two-way investment achieves even greater growth from january through october. investment in china by us companies increased by 79.8% while investment in the us by chinese companies increased by 173.9%. those figures demonstrate that businessman are confident with our country's markets. [inaudible] industries us

now the one china policy holds that beijing views taiwan as a break-away province. under that same policy, the united states only has formal diplomatic relations with beijing and not taiwan. why does this matter? why are we talking about this? if the trump administration comes in and ignores the one china policy or establishes ties with taiwan, it could signal to beijing that u.s. is in favor of taiwan independence. that is a line china is not willing to cross. china could freeze out the united states economically or cause military action in taiwan. that could be a conflict that the united states could get drawn into down the road. we should emphasize here that this is all hypothetical at this point. the trump administration could be doing this as a negotiating tactic in future talks with china down the road in terms of the economics with both countries. when the incoming president talks about taiwan and one china policy in this way, china will react strongly. >> this could be hypothetical, but learning quickly how words matter on the world stage. matt rivers. >>> a