he came back to china armed with this education and began moving up the ranks in china. he could never get into the highest ranks because people always wondered if he was a taiwanese spy. he had made this completely audacious defection to the mainland. he ended up becoming in some ways the most ardent spokesman for his adopted country. just the scene of the train wreck that happened. you write about the train wreck. it is on the screen here right now. when did this happen and why did you write about this? >> in the summer of 2011, this train wreck happened. it became a signal moment for the chinese middle class. this was one of china's new, fast trains. they are amazing. china has built more high-speed rails than the rest of the world combined and continues to plan and enormous network across the country. for years, chinese trains have been a symbol of backwardness. they were smelly and slow. traveling on chinese train was not something you wanted to do. all of a sudden, they built this enormous engineering triumph. in the summer of 2011, two trains collided. that is wha

now is fighting a war with china. china has to find someone on its side. in this context, i see, as someone mentioned, the multi-polar world is coming for sure. in this multi-polar world alignment and alliances are very important. in this relationship which performed in the 1970s and '80 did, the third power is another nation. now, the u.s. is in isolation in this power game. u.s. has to wake up to the reality of the multi-polar world. the u.s. is no longer dominance. u.s. has to find a strategy to deal with this. in fact, i think u.s. has to find a way with both china and russia. if the u.s. work with both powers, they will not work together. it's very strategic. >> do you agree with the professor, david? >> on the importance of it. but i would expand his definition. there are two other powers that are really relevant. the first is europe, which is still feeling its way as to whether it's going to be a real power or just a collection of states. and the final, the other one, is india, with the election of a new -- i predict very strong prime minister. indi

china. today. the head of state is to travel to shanghai. trip expected to yield some of the biggest trade deals of this. report on how much both sides. so here we are in the financial capital of china and probably one of the capitals financial capitals of the world and we're actually looking for a summit which is kicking off on tuesday between central asian states and russia now one of the highlights of the summit as far as i gather during china for the last seven days would probably be a deal a gas deal between russia and china a multi-billion dollar deal what do you make of it katie how big the deal is eighty fugit two hundred seventy billion dollars and it would mean providing russian gas to china for the next thirty years now they still have been there ten years. from president bush and it will delay the trade between these two countries which already fit around ninety billion dollars we know it's set to escalate three hundred twenty fifteen to one hundred billion dollars and at the mom

that translates to china? >> especially this young generation who grew up in the and are0's and 1990's quite familiar with american culture. really, the jokes provided a lot of happiness. the --ou have to write do you have to rewrite the jokes when it is all settled? >> no, it is george translation. >> -- it is direct translation. coming up next, going to check in on china with our next guest saying that 2014 is going to be a tough year for asia. >> it's a monday and the start of the new trading week. let's cross over to john and see what he is monitoring this morning. >> first of all, china, seeing gains very gradual in the days trade. vietnam is caught in the south china seas. concern, declines. market reforms [indiscernible] vietnam is losing out the most. the rest is quite mixed. philippines, taiwan, nikkei, singapore straits, thailand, all seeing slight decline. opened the day lower, the shanghai composite. it has gradually, gradually, gradually gone further higher. industrial stocks are clearly benefitin

i will never forget reading the special rapid tour for china's report on torture in china. it was horrific to your arrested, you will, not maybe, you will be tortured. religious freedom abuses continue with ethnic minority groups face repression when they peacefully seek rights to their culture and language. hundreds of millions of women have been forced to abort their precious baby because a draconian attempt to limit population growth. china's one child per couple policy is a demographic and human rights disaster that has no parallel in human history. and mass extermination of baby girls. this is not only a mass of gender crime but a security problem as well. experts are coming to the conclusion that china is in gender imbalance will and already is leading to crime, social instability, worker shortages and there's been a huge spike in human trafficking. i am the prime sponsor of the trafficking victims protection act. our landmark law in the united states talks about trafficking. last year, it should events that ensued, china was put on pure three, egregious violator when

china is a very competitive market. if you are successful in a startup, you will have many, many copycat companies after you very quickly. jack ma emerged from that and build a very successful company. now you have the stratosphere competition. he is used to great competition and on top of that, he is now moving to the united states and he is going to compete with small companies like amazon and ebay. this is a company born of competition and they are extremely quick footed in the way they attack the market. he thinks very strategically. he's a formidable competitor. >> he's taken a long time to take a public for the second time. he took the same company public in 2007 and the stock reform -- performed very poorly. then he bought it back for the price he took it public. i've never seen anything like it. why the desire for the u.s. market out all? it's a profitable company. is there something about these big entrepreneurs in china that they want to conquer the world? >> it has to be two things that all entrepreneurs have

similarly with china. the challenge is to provide the assurances that other asian countries want but to make sure that the pivot does not turn into a containment strategy against china, which is now the world's second largest economic and military power. that would make for a cold war in asia that no asian country wants and would not serve american interests, either. obama's restraint has served him well in avoiding errors, but it has also produced a strangely minimalist approach to his constructive foreign policy agenda. from the asia pivot to the russian sanctions to new trade deals, the administration has offered an ambitious and important agenda. but the president approaches it cautiously, as if his heart is not in it, as if he's being pulled along by events rather than leading them. so once more, with feeling this time, mr. president. for more, go to cnn.com/fareed and read my "washington post" column this week. and let's get started. >>> recent events in nigeria have brought shock and condemnation fr

. -- and-china protests anti-china protests continue in vietnam. china's growing over recent installment of an oil rig in disputed southeast asian waters. we will be getting reaction from china. first to turkey where at least 200 people have been confirmed dead in one of the worst mining disasters in turkish history. an exploding transformer deep underground triggered a massive fire that is still not under control. rescueders have been but some 200 more are still trapped underground. most of the victims died from carbon monoxide poisoning. rescuers are pumping oxygen in the mind to try and help those -- in the mine to try and help those still inside. alive from thed coal mine, a glimmer of hope for the families of those still trapped, desperately trying to reach them before the oxygen runs out. rescuers have been working through the night. some have been able to walk away , their faces and hardhats covered in soot. the fire and explosion were caused by an electrical fault. it happened during a shift change. with some of the tunnels kilometers long,

in china. china requested all aircraft in the areas identify themselves, from march. that overlapped japan's air zone. dr evan resnick is a foreign policy and security expert. he joins us live from singaore where the summit is happening, a summit that chuck hagel is attending. and we have heard strong words from chuck hagel there, but will it be followed up by strong action. tell us what can the u.s. actually do to stop china's aggression? >> well, thank you for having me. theoretically the u.s. has plenty of military assets in the region capable of dealing with chinese provocation. the u.s. continues to be the dominant military power, and that is set to increase over the next half a decade as the air force and navy re-orient the resources from the navy to the pacific. the u.s. has ample capabilities to make good on pledges, but it is whether it has the resolve to do so. >> will there be a confrontation between these two, the u.s. and china, given everything else involved, all the allies involv

all, china has always been important. china has been an important partner. we formed the china fund a year and a half ago to invest much growthd benefit from the in china. tomorrow, we'll will be announcing some new investments that are very important. one of them for example is the first ever reach between russia and china that will connect us and it will allow lots of resources. >> i can't believe there are no bridges between russia and china. >> it will allow us to export lots of things to china. is --s is something which vladimir putin will be meeting with his counterpart tomorrow in shanghai. what are they going to talk about? >> investment is definitely going to be a big topic. russia-china fund will have a $1 billion investment jointly and allow us to bring about $5 billion total investment because of banks from -- because of investment from banks and other partners. logistics is a big sector, agriculture, we will be announcing deals about tourism because the tourism infrastructure is going to grow. so lots of resources as well. we believe they commit

materials and that's what china is missing that's what china that's what russia office china and china doesn't function without those inputs to its factories i mean what the western countries are offering a high technology and finished goods but russia has the raw materials to make the chinese economy work without which it won't be able to function and compete so they have been concerned about china's economy have made you think perhaps countries could perhaps become too reliant on china at this stage. well it's big and i think the problem is this remains an emerging market. democracy it's not a free market in the sense that we have in europe and the history has been emerging markets have crises and china hasn't had one yet so i think it's some point china is going to have a crisis and when it does the whole world's going to be affected it's going to be very nasty i mean worryingly the banks are overextended worryingly property market is down in china and they've got to manage this happily they have this enormous cash cushion so hopefully they can always engineer a soft landing but it'

china. and particularly in the area of exporting to china we just haven't done very well at all. we're very good at importing for china but we're very bad at exporting to china. and i think the big reason is we don't pay much attention to that market. >> is that because we're bad at it or because they protect their markets? >> i think the bigger problem is that we're bad at it. that stands out as a u.s. -- for countries more than just china we don't have a very good export record. i think there is a good reason for it. for 30 years up until the financial crisis this was a fully employed economy. and if you were an american business you would say the way to make money is to focus on the u.s. economy. you didn't have to spend a lot of time trying to find export markets. and when we were fully employed already. but the world has changed since the financial recession. we need to export today. >> right, and some would say and the chinese need to be better consumers. do you see that changing? >> y

or china. best in everyone's interests to fold these 2 together and have one pan pan-pacific agreement. that should be much more important than excluding one or the other. >> international day for "bloomberg surveillance." much more with stephen roach of yale university on china. >> we did best buy earnings earlier but this is an m&a deal. retail buying the hess operations. $2.87 billion. trillion to the 1.7 have seen in global deals this year. >> what this speaks to is hess wanting to be an exploration company. it got rid of its refineries and now it is spinning off retail. marathon splits from being a major into a refining company. you will go your hands like this, i will do my hands like this. >> vertical versus horizontal, i don't know which is right. >> what a mess this is. stephen roach, you have the oil dynamics between russia and china as well. what was your reaction to yesterday's headline announcement? >> $400 billion over 30 years. >> look, i think the guy who moved was putin. there

but the nixon administration opening to china was no small part an effort to get china to demonstrate to vietnam that china was going to put priority on relations with the united states. vietnam couldn't count on that. and by the late 70's china and vietnam were fighting a border war. so there's no lack of animosity between these two countries over time. >> woodruff: gordon chang what do you believe the chinese ultimately want out of this. >> well they want everybody else's waters and you know clearly they want territory from other nations including india. and so you see china pushing out beyond its borders in an arc from india to south korea in the north. they want of course the mineral in the south china sea but they also want the access to the western pacific to get beyond what they call the first island chain. so this is very strategic for them as well. so there are a lot of things here but also i think they want to show to their own people that they are a strong nation and that they can get what they want. and that's very important from a question of legitimacy for the communist

it is linked to china. china slowed down the effect on commodity prices that indonesian export will be contributing. er picture for indonesia is not to get too worried about the slowdown but more stability. and as long as they can rain in the imbalances whether it's the fiscal position and lone growth, i think that's what markets will focus more on -- loan growth, and i think that's what markets will focus more on especially with elections happening right now. >> how important will these lections be? you no, what needs to happen? and do you think there is really the political will in place to get things done? >> i think the jury's still out. so the risk is, it is another fragmented coalition government. the risk is the government is more populaceat are rather than commercial or yen tated. indonesia is hat that take-off point. the middle-class is getting stronger and stronger and so you need more sur ply otherwise you're going to run into bottlenecks like india has. this is crucial. the government really nee

and talk about, the one pushing china out into the south china and the east china sea. that's remarkable to see. the one that's harder to see when you live on the ground and talk to people in china is their ambition in their personal and private lives and their families which is to transform themselves through this economic metamorphosis that the country is going through. >> charlie: you have been interested in the individual life for a while since you got to china. >> that's right. that surprised mow when i got there. everything i always studied was about the collective experience. it's a confucius society, a socialist country, and i found out people weren't talking about groups, that they were talking about themselves. and that forced me to really re-think how i understood the way that the society was organized. >> charlie: so you look at the profiles and it's part of the week book which is the idea of the people. let me talk about the broader picture. this book says something about china. you and your publisher obviously looked into the idea of the book being publish

the slowdown in china is 7.5% growth, which is really good for anyone's measure except for maybe china's. the aviation market is still booming. , the outskirts, in the west end developing regions, it , 50%, 60%, 17%. i don't see that changing. 15%, 16%, 17%. i don't see that changing. >> coming up later, the vines that are always online. a special report. up next, risk of a deeper slowdown as manufacturing contracted last month. forhe first week of trade the month of may, let's see how the markets are treating in the asia-pacific. >> it is not a very pretty session. not aanghai composite is pretty start to the week. just about losses across the board for the shanghai composite. it has not really gone anywhere. i think the support level right now -- let me get to those levels at this point for your. 19 50pport level is about which does not say a lot. selloff today more pronounced here in hong kong. down over 300. roughly 150 points -- 350 points, if i'm not mistaken. we have a holiday coming up tomorrow. 1%.ong kong, down about banks, insurance plays, airlines, cement. currencies.t the cu

for china, it's win-win. they can export surplus labor from home to africa to help finance and engineer and construct these massive infrastructure projects, roads, rail, pipeline, you know, dam projects. you name it. it's all across the counntinenc they link the acquisition of public sector, public sector infrastructure projects that represent a massive economic opportunity for china. >> some africans are complaining not only is china exporting its excess professional capacity. it's actually exporting labor in some cases. africans are saying do you want to build roads? we would like to use our labor. >> that is correct. >> that's the criticism and the controversy that china brings to africa is that they can throw billions of dollars to acquire these concessions but then they bring labor and management and practices to these projects. and that sdmrasz the labor pool from these african countries that then brings the political price to that government in africa. >> we are typically used to whether it's the world

china is not there yet. it is not yet articulating a message that people around the world say that is where i want to go. that will be the secret to success. >> is there a strong nationalistic force that has potential in china to rise and make china something different than it is? something more adventurous? something more aggressive? something that want to take advantage of its power? >> there is a nationalist movement. of a certain kind. it is one that is driven not by an ideologically aggressive impulse. there was nobody in china today that is saying we should be conducting ethnic cleansing. that is important to distinguish because you hear these days in southeast asia people say it feels to us like europe on the eve of world war ii. you have this powerful country that is claiming a larger share of territory. i think it is very important to draw a distinction. >> china and russia. >> the chinese would say they have a lot of problems with what they've seen in crimea. this.re is also we saw the economy go f

especially in mainland china. two years ago, anti-japan demonstrations raged across china. at the time, nagaya's company was collaborating with a tv station in shanghai, but the tensions caused the project to stall. so company officials shifted their focus to taiwan. taiwan shares friendly ties with japan. and it's also considered a gateway to mainland china. nagaya is trying to target young women in china by making the show available online. and that idea is appealing to japanese business executives who want to sell their products overseas. one recent show introduced a scooter as a kind of fashion accessory. the company that made the scooter saw it as a strong advertising medium. >> translator: we're hoping the show will give taiwanese people a better chance to become familiar with our product. >> translator: the show can be used not only to promote products, but it could also fill a variety of other roles. >> reporter: japanese business executives are faced with a shrinking market at home, so they're exploring ways to make inroads overseas. tying up with the entertainment

>> a slowdown in china 7.5% growth greeted that is good by anybody's measure except maybe china. the aviation market is still booming. you still see high single digits. outskirts in the west in developing regions, it is the teens.tea it is still spinning up. regional aviation. world, whatdeal airlines are they working for question mark how do you dispense sales? >> we have one recent example of a regional airline that is taking off in china. they party taken nine. growing like crazy. they're doing exactly what the government policy expects them to do, expand regional aviation. >> how close or are you two having a customer for the c series? it is costing your company $4.4 billion to develop. >> we are in very deep discussions with many of them. i cannot comment on specifics. i will be done by june or july or even later. i can't say within the next 12 months i expect some progress. >> how does this fit into the regional flying of a major chinese airline? >> it does not compete directly. it is a smaller aircraft. 100 -- 149 seats. they do not directly compete. the c-series is almost

i was in china last month. i can tell you the air it is terrible -- i can tell you the air there is terrible. people in china are starting to complain not just about the air and watery: -- quality, but the rampant unconstrained development going on. you travel around the countryside. everywhere you go, the land is being torn up to put in a new housing development. but morebroadly, -- broadly, the chinese economy has a number of serious structural weaknesses. i'm not an economist but follow economic matters. they are reaching the limits of the growth model they have been pursuing up to now. the government recognizes that. last november, they announced reforms intended to open up the economy and reignite economic growth. whether or not they will be able to do that is unclear. i am pessimistic. andeconomy and environment corruption and all of those things are intertwined with each other. they are not independent problems. they're part of a single endemic problem that is the result of the authoritarian political sy

i want to turn our attention to china. it is a busy week in china. over the weekend we have the eight is property price data and the housing market. what is your read on this? we have home prices flowing in china. this seems to be spreading. property curves are being relaxed in some cities. what does this tell us? that chinaproblem has is that has been so much oversupply in recent years. 10 million new properties developed last year up from 6 million in 2006. a really sharp increase. i think some commentators have ofn saying the rate urbanization can be a jive or a positive demand. the rate has already slowed quite sharply. it is likelyecade to only slow further. there is going to be a problem with supply overhang. >> even if the government does relax some restrictions it is not going to save it. you can reduce mortgage rates. the more likely thing is that it will slow. these are things that can do, inject stimulus. they are finding other ways of boosting growth. boosting private consumption. it is a difficult balance. >> i have heard various scenari

will china step through? a lot depends on china. the chinese people may want, and the chinese government may want more of a space than the rest of the world is prepared to give them. >> in the united nations security council one of russia's most reliable partners, whether it's iran and nuclearization and syria and the future of war there has been china. must that continue? >> it's been that way for many years. the years in the state department, that was always the case. the two countries line up together all the time. that's the case for a long time. the question as to whether that can be changed goes back to the issue of what other big powers do. europe has a bigger economy, if you take the european union together. india is emerging. the united states and the other countries have to play sk skillfully to balance all the new factors in the world. >> thank you all for being with me today. that brings us to the end of this edition of "inside story." thanks for being with us. in washington, i'm ray suarez. >>> go, go, go. do it. >> the

china is the country that has. a huge surplus a country with a surplus has to invest overseas the really big player in the world in the years to come is going to be china and i think it's inevitable that russia and china do a great deal of stuff together perhaps that there was a political angle so this is perhaps the russians are saying to the europeans and i have to say i would think they're justified in saying yes you should mind your own business about the ukraine and we will underline this point by doing this deal with china. and in just a few minutes our correspondent. bringing all of us the very latest details right from shanghai on the progress of the negotiations in the meantime with the spying a blame game the u.s. plays out with china has now opened a brand new chapter with washington charging five beijing officials with hacking into american companies they're accused of attempting to steal trade secrets of nuclear solar and metal firms something china has called absurd now the irony is though it comes ri

china sees increasing? [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] >>> secondly, the related countries in the south china sea region have drilled actually many oil wells in south china see, but china has never drilled even one. for the single fact we can see how much restraint china has exercised. ask the purpose of the restraint is to keep -- maintain the stability of the south china sea region. we have -- enjoyed putting aside disputes but while china is held in this position other nations are drilling oil wells in this region so that's the status quo, and i have to underscore it is under this brown we are conduct that exploration activity near the island. [speaking chinese] [speaking chinese] >>> there are, it is a very normal behavior for china to conduct this drilling activity within our own territorial waterment and under that background vietnam has sent ships for disruption of that activity, and that is something

changer because china is an enormous market. >> you can't ignore china. a month after microsoft expressed interest in setting up their products in china, sony also following suit. not really a surprise. all this follows after the beijing government essentially allowed for game consoles to be distributed within the chinese economy. 2000 and banned and that was lifted this past january. console makers are eager to get into this market. they could focus on growing sales and to broaden their market share. according to an estimate from price waterhouse cooper, $10 billion in sales is the estimate in terms of the figure at the end of 2015. right now, pc games, those that , thatayed on the computer is about two thirds of the market share. this could be the big game changer. sony also doing what microsoft did which is partnering with a local partner. they will be completing two ventures with shanghai oriental pearl to start making as well as selling. unclear on how much it is going to cost, what specific console will be distributed, and also the actual timing. ag

if china were to succeed in dominating the south china sea, would china then go on to dominate the world? >> no, i don't think so. if it could dominate the south china sea, a number of other things would be happening as well. they would essentially neutralize taiwan. taiwan is a de facto independent country. those words with, "de facto," could change. china would also become a two-ocean navy over the western pacific and the indian ocean. that would give china tremendous influence in what i call the navigable southern rimland of eurasia, stretching from the horn of africa to the sea of japan. but it would not allow china to dominate the eastern hemisphere to the extent that the u.s. has traditionally dominated the western hemisphere. because remember, you also have russia, and we could go on for an hour about the strategic competition between russia or china. between russia and china. and you also have, you know, powers in the middle east like iran, saudi arabia and others. the eastern hemisphere is a much more complex issue that we're dealing with compared to the western hemisphere. >> a

china probably saw the charge coming. for years now the obama administration has taken a hard line against the theft of intellectual party and state secrets across the cyber domain. >> we know foreign countries and companies swipe our corporate secrets. now our enemies are also seeking the ability to sabotage our power grid, financial institutions, control systems. we cannot look back years from now and wonder request we did nothing in the face of real threats to our security and our economy. >> diplomatly these latest charges are likely to increase tensions with china. china has pulled out of a multi national working group formed last year to combat the problem. the chinese have demonstrated again and again the willingness to gain an hedge over international partners as the economy surges and it's military might grows. >> mr. holder, is it like these defendant was ever stand trial in an u.s. court room, if not what is the real goal here? >> our intention is for due process in an american court of law. that is the intenti

china came off worse. the prospects of a clon flict is re -- conflict is remote, a dangerous pattern is feared to emerge. >> a senior fellow at a school of studies in sipping pore says the marr -- singapore says the maritime dispute includes many kupt yes. >> -- countries. >> things have hotted up with vietnam and china squaring up over an oil rig and japan and china front and center. it's a linked maritime east asian wide concern, hinging on china and what is its strategic defense. japan had declining defense budgets and there has been a moderate increase under the counter administration. mr abe is giving a key note speech and china will be playing an influence game saying "you can't trust the japanese, they were here before, they are putting us under pressure, and to make clear that china has its own territorial claims in the south china sea, and it would take a dim view and those countries got closer to china. >> hamdeen sabahi accepted defeat. claiming there had been serious violations, forgery and res

china spoken out in support of effortless just pours a legitimate positions africa supported china and safeguarding its major interests. we have strengthen collaboration and coordination in international and regional affairs and this is effectively up hold the common interests of all developing countries. china africa trade scheme to spend ten billion us dollars in twenty three tea in china has been africa's biggest trading partner for the past five years. we set a target for bilateral trade on the top four hundred billion us dollars a twenty twenty and china's direct investment in africa at one hundred billion dollars. noting china and africa as increasingly shared common interests and to assist the foundation for cooperation. we propose that the two sides have been a new chapter in bilateral cooperation. these questions but don't read the history and reality until top is that africa could seek opportunities in china's development and china can benefit from africa's development will carry with me. the print head and defied six area as the faggots industry financed poverty reduction ec

>> china is in transition. china is in reform. today's policy in a few years probably will not be the policy of the few years. to define hard exactly what is legal and what is not legal because it is shifting and changing policy. so it's hard to define exactly legal or not legal. so you just do things and you move through it. >> you say this is a one-off episode but will there be major consequences of this move? that wetell you that have a policy and in the policy change dan the tv got taken down, that would be very sad. we fight piracy and we get american tv shows into china when the policy is still very vague and there is gray and the government still allows us to do it. and so we do it. and today, we are still doing it. look how far we have come along. how about rewriting the rules for the internet? >> in a way, we are rewriting the rules. >> u.s. movies are highly censored in china. tv shows are as well. of this online license content from america is unchanged, as is from the united states. "housee political drama not been tak

if it is god's will to free china, he alone can account us god speaks through china's stream -- china's stream in isaiah. us, a son is given and the government will be on his shoulders and he will be called wonderful counselor, mighty god, prince of peace. of the greatness of his government, the peace will be no and. he will reign on david's's thrown and establish and uphold it with justice and right mrs. -- righteousness from that time on and forever. that child is jesus. he was born 2000 years ago. the promise of a just nation is not depending on any free will choice between good and evil, but the zeal in the faith and trust of almighty god. that is where our hope lies. -- has indeed accomplishment accomplished it. we jesus died for humanity, his last words were "it is finished. the task of freeing china is already finished. hands of an the leader, but in the minds of the theye and decide whether want to choose jesus and be set free. i made the decision to choose jesus for .5 years ago. a dear friend took me to a prayer meeting event on the june 4 anniversary 25 years ago and xmas lat

defense secretary chuck hagel accuse china of, as he put it, destabilizing the south china sea and china responded by describing the comments as full of incitement, threats, and intimidation. the dispute looks to heighten further tensions in east asia, where china has recently been involved in disputes with the number of neighbors, above all, japan and vietnam. >> the senkaku islands are at the center of a long-running dispute. although officially controlled by japan, china also lays claim to the uninhabited territory. the real issue is not the terrain rising from the sea, but the oil, gas, and fish, deep below the surface. see -- speaking at a conference in singapore, the u.s. defense secretary had some tough words for beijing. >> china has called the south of peace,a sea friendship, and cooperation, and that is what it should be, but in recent months, china has undertaken destabilizing unilateral action's asserting its claims in the south china sea. >> the islands are not the only bone of contention. beijing has laid claim to parts of the south china sea, and caused anger by putting up

, from china. the slowdown to unfold, japan's largest banks are set report results, and any port in a storm. how about manila? the harboring concern. a warm welcome to "first up" this monday. i am zeb eckert in for angie lau, and you are joining us live at our asian headquarters and we are streaming live on we have them, and latest figures with mia saini. theore than forecast for month of march, $116.4 billion, should saye -- i billion yen is what i should say. of the economists and let'sbloomberg, put this in context. the current account is savings less investments, and it showed that the japanese economy for that time period was a net lender to the rest of the world, coming in at that surplus figure. this is the second straight surplus in a row. it is an important indicator of the japanese economy at a time right before you saw that sales tax increase, where there was very little in terms of monetary easing, so this does give the japanese economy, perhaps, some room to consider what to do going f

now china is at a crossroads. it's leaders want to wean it's economy off the dependence of selling inexpensive goods to the world. it might work for china in the long run, but in the short run , they easily invest their money in abroad. that's what we see in africa. the chinese are investing in a building and spending spree, a larger strategy of investing in countries around the globe. >> reporter: china's latest building project, a $3.8 billion railway announced days ago in nairobi, originating in kenya, the proposed line will link one of the fastest growing populations to its neighbors throughout east africa. this on the heels of last week's announcement of $12 billion of additional funding to build roads in and around nigeria. china extended $300 billion in india to help fund its infrastructure development including solar and nuclear power facilities. it's an offer the indian government is still weighing. other nations have not been so hesitant. in central asia china has funded both gas and oil pipelines runnin

-china relations. the government of china continues to go to astounding, even bizarre lengths to censor and ban open discussion of tiananmen. this resolution sends the right message. we will never forget tiananmen. ever. so long and especially so long as the chinese people cannot discuss it and openly without harassment or arrest or torture. mr. speaker, one of the most enduring symbols of the tiananmen demonstration was the unveiling of a facsimile of the statue of liberty in 1989. it was a moment that thrilled freedom advocates around the globe. there was this enduring symbol of freedom facing the portrait of one hanging in tiananmen square. this moment was an extraordinary -- was extraordinary because it showed when the chinese are able to speak publicly and freely, they ask for greater freedoms, democracy and justice. these are universal liberties that can be found in demonstrations for liberty worldwide. we see it in cairo and caracas, turkey and tunisia, kabul and kiev. there was a moment when we

china is looking for a sphere of influence and china is a rising power as this is having a lot of lot of success and lot of it is causing a lot of irrigation in the asia pacific russia russia has a different perspective russia has always been a great power russia was a super power in the soviet union was and in the russia is is as you point out in your in your interview at the russian perspective is that it has been ignored his interest has been ignored interests have been ignored and there were certain policy that the united states did not abandon in the aftermath of the cold war that when they do expansion and you know the nato expansion nature nato expansion and it's an intersection i remember reading the sarah books after after the collapse of the soviet union with a bit where we have we had given. assurances that nato would not expand would not come to russia's border borders and then we just went ahead and do it so from russia's perspective containment is very much alive so russia and china have to have always wanted to have a multiple to work now what's happening is in the in t

defense chuck hagel accused china of destabilizing the south china sea. china called his comments full of incitement, threats, and intimidation. the dispute looks likely to heighten tensions in the east of asia where china has recently been involved in disputes with a number of neighbors, including vietnam and japan. the islands are at the center of a long-running dispute. officially controlled by japan, china also lays claim to the uninhabited territor. the real issue is not the rocky terrain, but the oil, gas, and fish below the surface. speaking at a conference in singapore, the u.s. defense secretary was critical of beijing. >> china has called the south china sea ac of peace, friendship, and cooperation. that is what it should be. but in recent months, china has undertaken the stabilizing -- destabilizing unilateral actions staking its claim. >> the islands are not the only bone of contention. beijing has laid claim to parts of the south china sea shown by the red line. it has caused anger by putting up an oil rig in vietnam's waters. tokyo has indic

the only country that can contain china is china. the challenges are bound to continue peaceful development and prosperity in the region. hopefully we can want to place a priority on our mutual interest and continue our positive efforts despite the obstacles. thank you very much. [applause] thinks general. >> is about a five minute break to stretch out because the reception needs to be set up and then we will proceed. thank you. >> [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] will [inaudible conversations] [inaudible conversations] [inaudible conversations] ladies and gentlemen, please be seated. now we will have a session of general gregson. >> ladies and gentlemen, please be seated. thank you and a session will commence soon for general gregson. please be seated. okay ladies and gentlemen, it's my pleasure to introduce my colleague to have the first shot. >> this makes it

well a state up from china's general administration of customs chase that china's international treaty bought him has reached one kw and thirty two trillion us dollars in deposit form on the number is a three point one percent decline compared to the same period last year and treatable in exports in the polls for warmth reached the six hundred and seventy billion us dollars a decline of four point eight percent he owns a while in port as the decline of one point two percent he owns a treat so close is at thirty five when twenty four billion us dollars a forty two point nine percent a kayak in april and the international trade of audience to dump all three hundred and fifty billion us dollars a one point three percent decline year on year the china export leading index stands at forty one point nine is open to increase compared to the previous month. the china expo leading index is released by the genuine attraction of customs on a monthly basis. it aims to full cost the country's foreign trade trends for the forthcoming two to three month the index consists of ten sub indices although

from letting out of china for spying. and chris kids found one seen by encrypted internet service says when it comes to the web there's little chance he'll walk again private if you look at the internet overall you've got the hardware the firmware and the software that runs all of the routers and the the switches on the internet these are all susceptible to being hijacked and controlled and all these back doors that been put in the chinese and put them in the americans or put them in these are now being exploited my belief is that they're starting to be exploited by commercial criminal gangs and so it's actually quite dangerous the internet really is a public place in the u.s. there's no expectation of privacy when you're in public and if you think about it that way if you send a message over the internet it's fair game for anybody to go and grab it in spite of whatever wiretapping laws and everything else you have practically there's no expectation of privacy unfortunately. and always most stories for you on line and als