as far as china is government china is the largest creditor nation in the world i want to show you how china along with other emerging economies have really built up their reserves at the same time that western nations have been increasingly going into more and more debt of which we have seen the toll now all of this and the fiscal house in order kind of approach that developing nations have taken in the growth that they've seen have led to them demanding a greater seat at the international table and it's not just developing countries who are asking for this and calling for this saying this needs to happen we just saw mohamed el erian c.e.o. of pimco in an editorial today say that a new economic order is taking shape before our eyes and it is one that includes accelerated convergence between the old western powers and the emerging world's major new players so the big question is if this is going to happen or if we're going to see emerging economies bind together forge ties amongst each other to develop their national interest so i want to bring author and professor and lee back into th

china breaks, china story. too much of the crack of three of seen elsewhere. 60 percent of them for see a financial crisis coming in china and the next few years. there is certainly a lot of reputable person some believe that china is in for a hard landing. look at some of the statistics which have just come out in the last week to. first statistic, industrial production grew at over 12% in november. now it is pretty good, but then that was 1 percent below october . 21 percent in november in real terms. those races january. trade surplus was 14 and a half billion dollars in november depending with a huge beak has deposits number or negative number you think they're doing pretty well in pretty poorly. this is the issue between cars and soft landings. most estimates are that china growth rate this year somewhere between nine and nine and a half percent. and next year something like between eight to eight and a half. that is where we call a production. now, what is eight to eight now have? that is a southland. the

about china. hans -- >> first of all, thank you for inviting me. it is always nice to have the opportunity to exchange views and i hope we can disagree. you said that 2011 was not a disaster but indeed it was very disappointing. we are preparing at the moment our global economic prospects that we will publish four weeks from now. almost without exception, the growth rate this year are lower for countries. it will be a lower growth into 2013. it has a lot to do with what happened in europe and the crisis which i see as the second phase of the financial crisis of 2008. many european countries have entered recession. that is spreading to other countries but also there are other disappointments. first of all, the disruption of the global production network after the tsunami and earthquake in japan was much better than earlier anticipated. -- bigger than earlier anticipated. you see that very much in japan but also in the united states. secondly, in some of the emerging economies you see the impact of

suddenly they link china to the world and the world to china. there's a bridge between china and every other country in the world and that's how china figures out what's going on in the world or the people find out, and that's how people in the rest of the world find out what's going on in china. it's fantastically useful. >> host: interesting. do you think ethnic chinese outside influence chinese politics to make them open up quickly? >> guest: it's one of the fascinating areas because you had this enormous foreign study movement and if you're a member of the chinese elite, one thing you want your children to have 1 a foreign university education. you have something like a half million chinese people who studied abroad and then gone back to china, most in the past decade, and these children are either clever people with scholarships or very wealthy to afford foreign university fees, and it's extraordinary the influence that they have in modern china. they completely dominate the technology industry in the big tech companies, and they have huge

just how much influence does china have? how closely can the u.s. and china work together? how mature is the chinese leadership? how much influence and pressure it can bring to bear on north korea? you're right, this presents a real opportunity for china, an opportunity to show its leadership, but also the great potential for things to go awry as well. they're going to be well aware of that, monita? >> you mentioned that kim jong un, the heir apparent had visited china. what does beijing really know about this young man? do they hold him in much esteem? do they believe he's credible? do they even believe he has what it takes to lead this country into the next generation? >> reporter: we haven't heard anything, of course, publicly. of course, with his trips to beijing, the fact he was brought here by his father and met with the leadership here would give some indication of beijing's i'm pro mad da. at the same time we don't know much about him. that's the problem. how old is he? some say 27, 28, 29 reports of him having attended school in switzerland, a private school there,

and china and israel and china on things that could have been nonleathel, systems, radars that the americans would have always argued that was the stuff that made the leathel stuff even more effective. how important have those sales and technology measures been improving china's overall military capability? >> it did stop the systems. the u.s. had a chance to upgaid the chinese fighter and that ended after the teeon men square. some of that technology has continued including some engine technology and that's made a significant impact on the chinese aviation industry. but it has slowed them down considerably and at the same time what happened after tienam is they opened up the door to russia and started getting russian aircraft and technology and that compensate today a great teal for the loss of u.s. and european technology. >> so where does china stand right now in their overall capabilities? >> it's a stuff thing to assess, but in the study we say that we think there are about 15 to -- they're about 15 to 20 years beyond. they're now capable of building two fourth-generation fighters, an s

for more on china's growing global influence we can talk to dr seuss who's a senior. search of a school of institute for emerging market studies in beijing and thank you very much for joining us here on r.t. now the one has just hit an all time trading high against the dollar how much is the current see the reason for china's growing power do you think. well it is part of the long term trend. for you and which asian. i guess when china continues to grow well it's trading more importantly in the war with currently becomes more important. than if you well will continue to appreciate so i would if the. change in the path there were only part of this long term trend. currently are actually people expect that the u.n. will appreciate it i'll buy i think a year i think if you are still on the currency subject china and japan agreed to allow firms to convert both their currencies directly into each other without using the dollar as a middleman as it were is this part of a bigger regional step towards avoiding dollars as a reserve currency altogether. well i would do. to some

into china. christie? >> and let's expand on that a little bit. in the last few hours we've learned in north korea they called kim jong un the great successor. does china factor in there is a chance there will be instability and influx of refugees across the border, really, how likely is that? >> reporter: well, these are the nightmare scenarios, people can always conjecture about the potential implosion of north korea, kim jong-il was not able to establish himself, rogue elements of the military, reaction from the north korean people themselves, but all of that moves into the area of conjecture. right now, as we've seen, kim jong-il has been grooming his son for a role in the leadership to succeed him. we saw last year he was appoi appointed a four star general. many people, in fact, were looking at the attack on the island, i was able to report on, late last year, as really the work of kim jong un in an attempt to establish his military kcredentials. the wife is also a senior figure in the mili

if you look at china wt drove china to where it is the cost of china's ascent is pretty much the open doors, the reforms, the embracing of the market economy but at some point and mostly recently that we seem to be going a little backward. it's two step forward, one step ckward and where we are now and the government is in favor of state-owned companies. we get to where we arey privatizing everything not by state-owning everything. that's where it is. real estate is the most liberate. there's very few state-owned and many other industries are still too much controlled by the government and state-owned. >> charlie: take people like you that have been enormously successful and worked hard, you and your husband worked very hard and part of the new establishment from the private sector. measure the level of confidence about the future. >> i think if we look at wt is the greatest moment of the human -- of the history of humanity which is right nowwe're seeing these before countries with very little power like india and china and these poor coutries and now suddenly bein empowered so much a

now that china has opened up suddenly they are linking china to the world and the world to china. there is a sort of bridge between china and every country in the world. that is the way china found out what is going on around the world and that is the way other people and the rest of world find out what is going on in china. it's a fantastically useful thing. >> host: do you think the chinese outsider in any way influenced chinese politics and opening up were quickly? >> guest: i think this is one of the most fascinating areas because you have had this enormous foreign study movement and if you are a member of the chinese elite, the one thing you really want your children to have is a foreign university education and so you have got something like half a million chinese people who have studied abroad and then gone back to china. most of them in the past decade. and these children, these are either very clever people who get scholarships or they are very well connected people sure they are wealthy enough to afford foreign university fees. and extraordinary the influence that they h

they have produced the world's largest report on china's tunnels. china admits there were dug by a secretive branch of the military, responsible -- they were dug by a secret a branch of the military, responsible for deploying warheads. >> 3,000 miles of tunnels. >> can you put that in perspective? >> imagine a tunnel 30 feet by 20 feet high, running from nova scotia to tijuana. >> he is a former pentagon strategist who used to look for weaknesses in the old soviet union. he says china could have as many as 3000 nuclear warheads. >> the problem with the steady and the way that it comes to this estimate is that the students and their professor make the assumption that, because china is working on this system of underground tunnels, this must automatically mean that they have -- they are working on new nuclear weapons. >> this policy analyst and others working on arms control questioned the georgetown teams methods -- team's methods. it is a huge jump from the current estimate of a few hundred warheads. it could lead rival asian nations to start an arm

from time to time, trucks crossed the bridge into china. we talked to people at the customs office on the bridge. they said they saw about 20 people trying to hurry across to north korea. it's possible that they were north koreans who had heard the news of kim jong il's death and were rushing to return home. mariaia madda, nhk world, dandon, china. >> nhk world's senior commentator, masayo joins us now. >> the main concern for japan is whether there is a smooth transfer of power to kim's third son, kim jong un. you know, kim jong il tried to show the public and the world that kim jong un was his chosen successor. north korea state-run media has urged people to rally behind him. the world is watching closely for signs of instability in the nation. there's been no official statement from the korean workers party on the country's official succession plan. but there has been, there have been clear indications that kim jong un will be in charge. japan and north korea's other neighboring countries are hoping for a smooth succession. because they

>>> china blasts off. china is rocketing into the 21st century and not just the chinese program has ambitious goals. including building a manned space station and completing an unmanned lunar mission by the end of the decade. but is there an ulterior purpose? does china also have military aspirations in space? we'll ask this expert on chinese military and aero space affairs, dean cheng. captions produced by visual audio captioning www.visualaudiocaptioning.com >> dean cheng, welcome. >> thank you very much. >> how robust are chinese space capabilities? >> china has a space power in the sense that it has both a launcher capacity. it produces its own satellites and it has its own mission control facilities. that puts it into basically one of only three or four countries that can do that. >> would you say it's on a par today with russia? >> in some ways it may actually be ahead of russia. >> really? >> yes, it spends about three times as much in terms of sheer money than the russian space budget item. >> how

will china, should china help europe? will it help europe? >> before i get have your crisis let me make one comment. if you look at china, suppose china's growth goes down to eight, down to five or six or seven. and in some way china's economy will not collapse because like the united states, the domestic economy. so it's not as trade dependent as other countries are, although the public image of china is the export driven economy, it's not exactly an export driven economy. the countries which may be more vulnerable our countries like south korea, japan, taiwan, the philippines, malaysia, singapore. they had been expecting in getting 30, 40% increases in exports to china in the last four or five years. so they are quite export trading depend, more so than people realize. so there's a dramatic decline in china, from 8% and the seven parsecs, and let some of these financial problems that hans mentioned, it can probably manage it. there's a ripple effect in east asia which is probably larger or not focus on as much as one would normally suspect.

china is also in africa are they competing with the u.s. military are they what are they doing what's the model there what would tell us about china's presence in the area both china and generals played a very positive role in africa they haven't come in with their military they've they've come in with economic development and putting billions of dollars into infrastructure in a reacher they put in a very modern high capacity cement plant they put in the infrastructure for a modern communications system in a richer and they doing things like this all across africa the one black eye china seems to have right now is that this seems like they're going back in and trying to exploit the natural gas resources in the old and southeast ethiopia and in two thousand and seven they were in there drilling and looking for natural gas you know which would basically end up supporting the genocidal militia in our regime in power not a symbolic and the fighters of though good in national liberation front attacked ethiopian compound that was protecting them

europe is china's biggest export market. if things don't get better with the european debt crisis, how will china try to counterbalance what's going on with their export sector? >> you know, china clearly is -- has been counting on exports to drive economic growth for many years. europe, indeed, accounts for 22% of all chinese exports. in the new year, china is going to focus very much on domestic consumption, domestic growth, to offset the slowing exports. exports has been slowing throughout 2011 and in 2012, we're actually expecting net exports to detract from overall growth. basically, net exports will not contribute to growth at all. therefore chinese boost domestic construction, as well as private consumption, especially in the service sector. >> how are they doing in boosting consumption? at least they've gotten inflation to come down. are there other big concerns that you have in their strategy of trying to boost domestic consumption? >> well, inflation has come down which is quite conducive for the central government

and china game and trying to play one up against the other. it's wanting friends both in the west and the east. >> given what you just said to what extent do you think talks in burma are actually driven by the political concerns of the americans and chinese rather than the country itself and what's going on in the country itself. >> that's certainly a view i've heard expressed by burmese. they are concerned burma is in the middle of perhaps a new great game. that may be putting it strongly but given its strategic position between china and india, there's a feeling the united states and china and the burmese government led by former generals but those still with close ties but all these people are in it for their own end. but what about these burmese people? hillary clinton is due to be on her way to meet with him this evening for a private dinner then talk, so she will hear directly what the pro democracy movement wants to see to ensure this is a nooment benefits all people of burma and not just a select few. >> now measures against iran are t

now twenty two of what we have is a mutually destructive decoupling mutual decoupling both china and the us and those reliant on chinese fake g.d.p. reporting like australia and canada are all collapsing so this is the the end of the last harbor of growth in those economies china australia canada you know the canadian real estate market vancouver for example is that on the descent so now we're talking about a huge crash in canadian real estate as was predicted on the show well max it's not so cut and dry because to legendary investors who are right now as we speak in a war of words over this issue mark fall for jim rogers clash over china and commodities agree on gold they're actually having a slanging match via the media and on c.n.n. b c it started with mark robber who said that he was more worried about a chinese economic downturn than recession in europe. jim rogers responded to that and said mark still does not understand china there are going to be several hard landings in the next few years but china's will be less hard overall than others such as greece and the us he told c.n

china represents two-thirds of their foreign trade, pressure on china, encouraging china to act as a responsible member of the world community, recognizing that north korea's not playing by the rules. >> and how do we handle china? china hasn't done it. i mean, they are back to square 1. how do we get the countries to do these things and be responsible? >> we really can't tell everybody in the world what to do. we can tell them what we believe is in their and our best interest and find play places of mutual interest. china has everything they want. they have full access to the u.s. markets, and yet they have no consequence of violating the trade rules that should exist between us of standing next to iran and allowing them to pursue their nuclear weaponry without tough sanctions. they are getting the best of both worlds. at some point, someone has to stand up to china and the other people in the world who are not acting in the interest of a global community. >> housing market here in the united states. people can't sell their houses. people are unemployed and may find a job in another

the last comment i would make -- china's links are important to china. it is very much in favor of an open economy. it wants to increase the capital flow. the big issue for china is how to increase the flow out to establish a more direct relationships. you have to encourage more money to flow out of china, and it should. look at the former soviet union. he saw the soviet currency collapsed -- you saw the soviet currency collapsed. they realize it made sense to diversify their holdings. eight reshaping the portfolios which changed the value in the future -- a reshaping of the portfolios. >> 30 seconds. answer to those questions. take your pick. >> the global economic outlook is extraordinarily concerned and complex at this point. the three major economic pillars -- the united states, europe, and china are all facing very difficult conditions. if the u.s. is unable to come to terms with the fiscal issues facing this country, it is hard to be optimistic about the longer-term outlook. if europeans cannot come up with a plausible solution, to the heart to be

all eyes on china. we get reaction from greenpeace china. it is 12 noon here in singapore. >> it is 4:00 a.m. in london. broadcasting to viewers on pbs in america and around the world. welcome to "newsday." we do not have time, the warning from the french president what he meant germany's chancellor. the latest attempt to hammer out the plans to see the eurozone. president sarkozy's sense of urgency was underlined when standard and poor's base -- placed the -- almost the entire eurozone on credit watch. >> european leaders have procrastinated for months and credit rating agency has put almost the entire eurozone on credit watch. within 90 days, s&p has reviewed the finances of those countries. there is a 5050 chance that come can see there credit rating downgraded. a credit downgrade would be a severe blow to countries like italy and spain which have already seen the cost of borrowing rice severely. for germany which has been the economic powerhouse it could also set them back severely. they have enjoyed a truly great reading. and they have

trade with china. so china, very much a huge influence there. and many north koreans actually rely on the private markets. really the black market to try to make it day to day. but it is an imaboveripoverishe society if you go outside of pyongyang. that's the question whether or not the successor to kim jong il will make any sort of improvements, whether relations with china will get better. but that's the big question mark -- what will happen within the economy of north korea and what will up what to the people -- what will happen to the people in their daily lives there. >> one of the question marks we're working our way through here. thank you, keeping your eye on the markets from hong kong. >>> one other bit of news coming to us. we're hearing from north korea in response to kim jong il's death. north korea's national funeral committee said on monday, we should increase the military capability in every way to reliab reliably safeguard the gains of the situation. however, the word we're getting is s

stan, china has expressed its condolences. give us a reaction from beijing. >> reporter: absolutely. one statement put out from china, and that's all they're saying at the moment. other questions were asked. this was at a ministry of foreign affairs briefing. they've put those questions on notice for later. what they're officially saying right now is they're extending condolences to north korea, saying kim jong il had done great things for the cause of socialism, saying also they want to work for stability in the area, and that is going to be the key here right now and really put china in the fray. china is the closest ally to north korea, the one that seems to be able to exert the most influence, although it has been questioned at times in the past, and try to bring stability. with kim jong il's passing, it leaves a lot of questions being asked for kim jong un, the successor. just how much authority will he be able to impose? just how streamlined will this succession process be? and how much instability will we see in north k

ma said the economy grew rapidly through closer ties with china under his one china policy. >> translator: the number of tourists to taiwan surpassed 5 million last year and is expected to reach 6 million this year. it's clear who should be the next president for the island. >> tsai says the one-china policy undermines taiwan's sovereignty and democracy. chu says the policy has deepened taiwan's economic inequality. >> translator: we must have a fair society. then the people of taiwan can unite and move forward. >> official campaigning kicks off on friday. >>> while china enjoys rapid growth, many rural farming villages are being left out of the boom. one journalist is seeking to change that by helping poor children. his effort is gaining support and spreading across the country. we have this report. >> reporter: guishou province has the lowest per capita gdp in all of china. more than 5 million residents live in povey. many children have to walk several kilometers each day to attend schools in the mountains. when they get there, the schools do not even serve lunch. so, at lunchtime some

analyst jim walker says as china develops it will not agree to any cuts. but it does want to use energy more efficiently. >> you have china making its first commitment on carbon as part of its current government plan for the next five years. that is significant. the way they will do that is to try to drive energy efficiency in industrial sectors and thereby increasing the share of global -- low carbon generation, like wind and solar in the energy mix. >> china is pouring development in to clean technology, driving down costs are around the world. but critics say the pace of change is not happening -- happening quickly enough to make a significant difference paradox -- a difference. >> in the future, changes may go a long way, but for now, it will be cold at continues to fuel the country's great development. it will lift millions out of poverty, but it is coming at a growing cost to the environment. >> one of the several proposals being considered at the climate change talks is that of countries to protect the forests. this is the second largest tropical ra

because kim jong il kind of wanted his son to become like china's -- china's dow ping. so first it will be the choice, on the part of kim jong un. if that doesn't work of course, i think it is -- it is highly unlikely that north korea will reform and change and become a liberal democratic system. >> han park speaking to us earlier. breaking news coverage on the death of north korean leader kim jong il continues in a moment. stay with us. if you're like my patients, you want to hear you've done a good job. that's why i recommend a rinse like crest pro-health multi-protection. it helps you get a better dental check-up. so be ready for your next dental check-up. try any crest pro-health rinse. we get double miles on every purchase. so we earned a holiday trip to the big apple twice as fast! dinner! [ garth ] we get double miles every time we use our card. and since double miles add up fast, we can bring the whole gang! it's hard to beat double miles! i want a mace, a sword, a... oww! [ male announcer ] get the venture card from capital one and earn double miles on every pu

with china's factory output. two key measures of chinese manufacturing in recent weeks have shown that particular sector contracted in november and factory output is at its lowest level since 2009. what does it all mean, andrew? >> yeah, growing number of economists are saying the chinese economy showing signs now, charles, of slowing down too fast and certainly a big economic slowdown would spell trouble for beijing. the financial times newspaper is reporting that chinese officials are now increasingly worried that a weak economy could lead to protests even riots. in comments published by the state-run news agency xinhua zhou yondkang says "when facing the negative effects of the market economy, we still have not formed a complete mechanism for social management." his comments follow a rise in economic related unrest in china. we have at beijing correspondent for "the financial times." what does mr. zhou mean when he says we have not formed a complete mechanism or social management? >> when the chinese leaders t

>> coming up on "world business today," china is shaking things up at this year's u.n. climate change summit in south africa and could mean big changes for countries around the world. we'll take you live to the summit next. i'm good about washing my face. but sometimes i wonder... what's left behind? [ female announcer ] purifying facial cleanser from neutrogena® naturals. removes 99% of dirt and toxins without dyes, parabens or harsh sulfates. so skin feels pure and healthy. [ female announcer ] from neutrogena® naturals. >>> welcome back to "world business today." >>> as the u.n. climate summit winds down in south africa, the focus has turned to china for an unexpected reason. on monday the head of china's delegation said beijing is prepared to accept a legally binding global agreement to reduce carbon emissions beginning around 2020 and that appears to be a big shift from its early position and china's move could have a big impact on the u.s. and other developed countries which have been holding back on such a deal. to robyn curnow at the site of the summit in durb

china played a key role in getting north korea to the table for the six-party talks, china being instrumental in bringing those parties together. as they say it's a relationship that's been described as close as lips and teeth. it's not a relationship that hasn't had problems. at various times, china pulled back on the level of aid to north korea. there are reports when north korea carried out its nuclear test, that took china by surprise and created some consternation here. korea is proud of its history. china hasn't been able to go in and push them around. interestingly, more spotlight fell on this relationship with the collapse of other communist regimes during the '80s and '90s, particularly the relationship between north korea and the soviet union, a key relationship for north korea's trade when it lost that, it had to rely even more on china and that is going to be the key to maintaining stability here, just what pressure china can bring to bear and how china can keep any accident, any miss understanding from occurring. kristi? >> stan graham, live in beijing. thank you very much. >>> m

is thinking in china said it was quoting quote shock shock by the passage of the the korean leader i find that hard to believe but that's what they said and because we've been waiting for this shock for three years at least i mean china is it has the most interesting gambit in all of this because it doesn't want to see the north korean regime collapse because they would be the collateral damage of that would hurt the chinese by far the most. but with with refugees and just who knows what kind of radical you know elite military elite with militant with nuclear weapons what they would want in return for some kind of you know exit strategy but see that at the same time the chinese are saying why don't you just do what we've done for the last twenty twenty five years and liberalize your economy and i know that that was hinted to actually even tried to do could jol the north koreans to do it and then it's suddenly came to a stop i mean what is the calculus of the chinese right now and i'd like to point out to our viewers that regime collapse in north korea you could see unification at gre

i think china has problems in the pipeline. demographic... >> rose: meaning they don't have enougheople. the one style... one child policy? >> well, there's an enormous gender imbalance. there will be 22illion men without women in the generation... >> rose: and what social tension will that yes sglat >> that's an interesting question because there aren't many precedents in history for this. but men without women if you remember hemingway's srt story collection about men, they tend to be quite violent. i was in zambia earlier this year looking at china's empire in africa trying to uerstand it. a lot of young men from china are in africa at theoment trying to make money. they don't plan to stay there but they'll tell you i can make three times in zambia than i can back in china. if iork sev days a week for two or three years and go back i have a better chance with the girls. that's a fascinating story. >> rose: i ao know people in the united states thinking if i had... if i was living my life over i'd move to china after getting

now that china has opened up, suddenly they're linking china to the world and the world to china. they're this sort of bridge between china and every other country in the world, and it's the way that china finds out what's going on in the world, and that's the way the people in the rest of the world find out what's going on in china. so fantastically useful. >> host: interesting. do you think ethnic chinese on the outside are in any way influencing chinese politics and making them open up more quickly? >> guest: i think this is one of the more fascinating areas because you've had this enormous foreign study movement. i mean, if you're a member of the chinese elite, then the one thing you really want your children to have, um, is a foreign university education. um, and so you've got something like half million chinese people who have studied abroad and then gone back to china, most of them in the past decade. and these children, these are, you know, either very clever people who get scholarships, or they're very well connected people, the children of the elite, or they're wealthy e

for more on china's growing global influence we can talk to dr seuss who's a senior. search of a school of institute for emerging market studies in beijing thank you very much for joining us here on r.t. now you are on has just hit an all time trading high against the dollar how much is the currency the reason for china's growing power do you think. well it is the part of the long term trend for you for your ends which asian. i guess when china's economy continues to grow when its trade becomes more important in the world with cards that becomes more important. the chinese yuan will continue to appreciate so i would say. that changing the path there were gay only part of this long term trend. currently. to be if people are expecting that the un will get it at about five percent a year i think if we can keep our still on the currency subject to china and japan agreed to allow firms to convert both their currencies directly into each other without using the dollar as a middleman as it were is this part of a bigger regional step towards avoiding dollars as a reserve curr

>> who cares, china? >> and without that market there is no gm, there is no gm without international sales and take away china and who cares, interest goes gm, then what do we do. >> if you look at profitability of gm. >> we don't wire about selling cars in india, and selling cars in-- >> and the largest market in the world we have to worry about it. >> and later on when these consumers get the money to afford high quality cars they'll come chasing after ours just like we buy german cars from bmw and mercedes. >> are we going to snap our fingers, a lot of indians can buy our cars and maybe think about getting that together. >> and yeah, when they-- >> sorry, that's got to be the last word. forgot what china's doing. it's what u.s. ceo's are saying that has someone here worrying about everyone's job in 2012. i'm trading everywhere... on one of the most powerful mobile apps out there. i'm trading here every day. and i'm customizing everything. everything. from thought, to trade. i'm with scottrade. i'm with

began shipping what was essentially worthless chicken feet to china well then china began imposing duties on those chicken parts the u.s. didn't like it struck back over the last revenue stream and is asking the world trade organization to enter the now we see this trade and currency is constantly seeming to be an issue between the u.s. and china but the bigger picture reportedly countries couldn't agree about global trade at a world trade organization meeting that wrapped up over the weekend now there's a lot going on and at best minute visor with sick of pacific capital might shed lock mitch has a really interesting take on some of this trade stuff so i want to talk to him about it so michelle want to bring you back into the conversation but first i didn't get to the ratings agencies with you before the break and i do want to talk about that because we heard president of the e.c.b. mario draghi today coming out saying that the e.c.b. is preparing in case france gets downgraded preparing that then other countries will be downgraded also saying you know hey maybe we're giving these rating

well i mean i think we already have signs that that is china china has indicated publicly that it is willing to meet with the new north korean leader and so you know there have been in the past decades a kind of increase in close ties between north korea and china in no small part because the bilateral relations of north korea chew countries like japan and south korea have deteriorated in recent years christine hall fellow with the korea policy institute thank you for joining us thank you. cairo is seeking to regain its place in the world after toppling president mubarak's regime and egypt's foreign minister has been meeting his russian counterpart in moscow where they discuss the trouble in the wider middle east artes you go to school off reports. first of all this is agreed time for egypt to start we gaining some was positions on the international border goal stage since syria is in the spotlight the arab league has been able to send observers into the country the organization's headquarters are in cairo so egypt is directly involved and of course syria was discussed at the meeting