and china relations and china's emergence. i think one element that constitutes a major change for the united states is the relationship with china with the relationship with allies in ways that has not happened before. in a sense that china's immediate challenge is not directed at the united states. but it is directed in it's neighborhood. and it's leader has articulated an order in which it is very difficult way. so in the united states, the main thrust centers on china but the challenges are going to be much more. in once sense the united states hats to demonstrate to their allies that the united states has sufficient resolve, sufficient cape abouts to deal with the threats that exist to them. on the other hand, the united states does not want them to be provocative regarding china. and what is provocative depends on perceptions and so on. and this sense it seems to me that the united states is facing a kind of -- that they not before. and this will create all kinds of difficulties. one of them coordinating all of the eleme

meet theure china does growth target. the president said china's economy was take. it had huge potential and plenty focused onools. he the ways china could boost its own growth along with the region. about the asian infrastructure bank. quite a team. shery ahn: thanks a lot. we can take a detailed look at the story later in the show. we want your opinion, so please tweet your opinion. let's take a look at some of your other stories we are is david.here david: let's talk luck shriek earnings, feeling the pinch of this going chinese economy. 450 million euros. revenue was down 1%. the cheaper euro helped sales in the latter part of 2014, but overall the company said it was a challenging year given the political tensions and uncertainty in several import markets. fewerre planning on openings. take a look at shares of product. -- prada. we have seen a drop. we are well below levels of last year. the stock he get over 80 hong kong dollars a pop -- peaked at over 80 hong kong dollars a pop. let's talk about this cyber attack. questions are being raised over the roles of c

chinese on both sides. >> one china, two china exactly -- china. >> exactly. they recognize there was one china. we had a defense treaty -- >> with taiwan. taiwan is the biggest trading partner with china. there's a lot going on intercommunication. >> during that week there were three sets of talks going on. one was nixon and joe discussing the world. one was kissinger discussing the actual wording of the shanghai communique. one was rogers and his counterpart, the chinese foreign minister. that was all about what we call the nuts and bolts of the relationship. trade, travel, immigration legal issues, immigration, etc. >> we had none of those agreements. >> we had talked a little bit trade i remember during one of those talks the chinese were saying, you are still requiring us to be fingerprinted when we go to the united states. we said no, that's finished. they said no, it's not finished. roger said, you go find out. i rush out. there's a white house telephone in the great hall of the people. i call up. it's a wonderful connection white house which great to g

which centered around the east china sea and south china sea. but i find interesting, in the most recent summit in beijing, the two leaders spent at least eight hours or nine hours talking to each other with a limited number of people around. my advice is that the two leaders got down to thin tacks on these questions of, are you --america -- trying to destabilize us domestically? are you containing us? frankly, i know enough about international relations to know that unless you get down to tin tacks, unless you are dealing with those, you cannot get to the second levels of cooperation. my sense is there is a working level of respect now between the two presidents. which i hope we can turn into something more. >> what are they prepared to do to make it better? >> the first priority is to see the president's priority to bring about a global agreement on climate change. the chinese could have said, we have decided for national reasons to act on climate change. here is what we are going to do. we are going to announce a peaking year when our emissio

angie: are you positive on china? reporter: am i worried about china? of course the recent data has been worse than expected. -- numbers came in blue below expectations. of course, over the weekend, in the meeting, they said that we could expect more. there could be more fiscal easing over the course of the year. that would be good for equity markets in china. they remain relatively attractive. what are you looking for exactly for growth in china? reporter: we are still looking for% gdp growth for china 2015. that is the adjustment dollars from 2014. -- downwards from 2014. for evaluation, trading at about 14 times forward. still below the historical average of 16. we still continue to be positive both on the a and other shares. , perhapse for investor keep shares would be a better play coming from a value point of view. angie: good news for us here in hong kong for the equity markets. thank you for joining us. coming up next, the prime minister of greece due to update lawmakers on top between greek government officials and creditors. you are watching "

they fill china has a banking -- fill china -- feel china has a banking issue. with that statement, it might change the view. doing qe in china and get foreign investors to get excited. angie: taking a page out of all of the central banks, foreign investment, transparency. khiem do: exactly. that is the point. angie: thank you for that. let's talk about europe and the rest when we get back. that is khiem do read joining us in a few moments. coming up next fortesque's chairman defends iron ore prices. we will hear from andrew forrest on why such a cap is in australia's national interest. you are watching "asia edge." ♪ angie: fortesque ceo is defending his point. andrew forrest said companies need to act responsibly and he spoke to stephen engle. andrew: that outcry really missed the elephant in the room and i would like to start talking about that now. there is an issue, china's national interest and australia's national interest is not helped by companies dumping iron ore into a falling market. we are here to husband the assets. we do not actually own the iro

when it comes to china-u.s. relationship, this is a relationship between the largest developing country and the largest developed country in the world. we have proposed that china and the united states work together to build a new model of major country relationship wagering mutual respect and no conflict or confrontation. this year, the president will visit the united states, boosting chinese ties. premier li: [speaking mandarin] translator: admittedly, there are differences between china and the united states. more importantly, the two countries share common interests. when differences are properly held, the two sides can have more extra energy to further expand their interests. one highlight in the china-u.s. relationship is that the two sides are advancing negotiations of an investment treaty. this is built around pre-establishment of national treatment. this in itself is to break the ceiling over china-u.s. business cooperation and will open up more new diner mentions for the growth of china-u.s. ties. natu

as long as we continue to appear to the one china -- adhered to the one china principle and consensus, oppose taiwan independence and promote peaceful relations, we will be able to lay more solid foundations for business cooperation. to boost the economic cooperation between the two sides, we need to get both wheels in motion. the one we'll is to enhance institution building, for example, to continue to pursue egg five. the other is for opening up, as far as the mainland is concerned, closer attention will be paid to the investment by taiwan businesspeople on the mainland. here, i would like to ask you to convey a message to these people, which i believe will prove to be reassuring to them. that is, the mainland will continue to protect local rights and interests of taiwan businesspeople on the mainland and continue to pursue professional policies as appropriate. in terms of opening up, we will give priority to taiwan in terms of the intensity of opening up. we welcome people from taiwan businesses especially and including the young people, to come to the mainland to pursue their own

and china. so finally the two militaries are able to come together on that, and i think that is potentially one of a number of stabilizing elements which lie ahead of us, for the u.s.-china relationship. >> rose: how do they view russia? >> well, as tip o'neill famously reminds us here in this country, all politics is local. and i imagine an active conversation between xi jinping and vladimir putin is about what they would both describe as the color revolutions of eastern and central europe. and the extent to which they have concluded that either the europeans or the americans or the collective west were explicit in that. in order -- complicity in that. in other words, aimed at toppling governments and their political systems. that is an active element of the conversation. i think that's true as are their respective attitudes towards the sense org of censoring of the internet in their respective countries as well. i think the relationship between china and russia is a deeper complexity. and some

and china. inna's incremental growth our industry will be greater than we are seeing in the united states. to last year end in mainland china, hong kong, taiwan. we started this year strongly. i am quite bullish. we had the third-largest market after the u.s. and u.k., 16,000 people in eight years. in cities around the country. we will see about $1.6 billion plus of revenue in china this year. yvonne: you talk about a third of your business coming from fast growth economies. there have been people doubting the 7% growth target, saying it will be hard to achieve. roubini saying he could see growth heading towards 5%. how does this impact industries and your clients? guest: if you think about the worldwide economy, it is going about 5.5%. a 7% growth rate is still superior to what we are seeing in the u.s. and u.k., around 2.5%. in the u k budget, the chancellor lowered the gdp forecast by a smidgen. the latest forecast in the united states have been lowered a little bit. a 7% growth rate for chin

is human trafficking allowed in china? is it legal in china for the people to be bullied? this is what i want to ask." >> studying deadly viruses. >> these facilities are incredibly safe, incredibly secure. >> go inside the study of infectious diseases. >> ventilated footy pajamas. >> protecting those working to protect us. >> we always have to stay one step ahead of them because they're out there. >> techknow's team of experts show you how the miracles of science... >> this is my selfie, what can you tell me about my future? >> can affect and surprise us. >> don't try this at home. >> "techknow" where technology meets humanity. only on al jazeera america. >> in the wake of the scandal, local officials have tried to intimidate families to stay quiet. in an interview in hunan, zhou yinghe's mother said officials only want to cover up what happened. >> "every time i went to the department and asked for my granddaughter, they said they didn't know where she was. journalists came to my house to investigate this matter. after the journalists left (officials) threatened us that

in china, that 5.2 billion euros. add those in with the already announced $12.7 billion profit from last year and you have a theoretical profit that volkswagen is announcing of 17.9 billion euros. they're making a billion and a half dollars every month. they announced for the first two months of the year the sales globally topped 1.5 million vehicles. that's a new record. within the last half hour we had a chance to sit down with the chairman and ceo of volkswagen and talk to him about the record profitability that volkswagen has just posted. >> that is a new figure. your calculation is right. this is the aggregate profit of the group. add the $5.2 billion of profits from china that we account and it is an operating profit which is contributed. 40% is our joint venture, 50% on the joint venture in shanghai. >> you heard him talk about the theoretical profit in china of 5.2 billion euros. keep in mind volkswagen is number one in china in terms of auto sales and has no plans to relinquish that title. the company just an

-china in ukraine russia can't look. this one-hour portion is china central television. mandarin chinese is heard followed by english translation. we will start with environmental protection laws. >> with that happy to impose the documentary made she complains about such big oil companies and patchwork china has been a block to the introduction on environmental protection and law enforcement in this field. for example, in the setting of standards and gasoline consumed as well as introduction of wider use of natural gas. my question is is it true these companies are posed enough gold to enforcing enforcing environmental protection month-end policies? if so what steps will the chinese government take to remove such an obstacle. [speaking chinese] [speaking chinese] [speaking chinese] >> translator: i understand the focus of all of your questions is a backpack with environmental solutions, especially small. this is a concern, uppermost on people's mind. i want to value that the chinese government is determined to tackle smog in environmental pollution as a whole and tremend

an italian fashion house rises again things to help from china. all of that and more in this monday edition of "asia edge." >> the markets taking the lead from the united states. u.s. jobs on friday were stronger than forecast. way more than the 235,000 that economists forecasted. that is leading to fears that rates will go up soon. the timing of when the next raise will happen -- australia is currently the biggest decline or -- declinedr. -- decliner. the trend is very much not your friend today. the markets are seeing declines. exporters are drawing -- driving it lower this morning. these are examples at the lunchtime break. australia that is the picture really across asia. there it is, the dow jones off 1.5%. that was the market reaction to the u.s. jobs on friday. that is where asia is taking its lead. >> thanks, john. our top story here, japan came out of recession the last quarter of 2014, but not nearly as strongly as originally thought. let's head over to tokyo to speak to james. what do the numbers tell us? >> thanks very much. the number

it also says china's accelerating the construction of military installations in the south china sea. fu defended the substantial increase, saying the research and the design of military equipment has been mostly done with the help of other countries, and that china sometimes has to start from scratch. >> translator: china's national security policy is defensive in nature. we will continue on a path of peaceful development. >> but china does not intend to disclose a breakdown of its defense expenditures. analysts believe the cost of research and development, as well as those of space exploration, are not included in the officially announced figures. china's lack of transparency is fuelling concerns among the international community. nhk world, beijing. >> let us now take you to beijing live. our reporter kunihiro yamamoto is covering the event there. kunihiro? >> hi, gene. another focus of attention, this is national people's congress is on measures to be announced to address the problem of serious air and water pollution. fine particulate matter or p.m. 2.5 is causing serious air pol

is this on the fringes, as opposed to the back of china? >> the bigger picture is the enormous growth and leverage that china has to reform and move on and move away from net trade and an investment. that entails slower growth and this is about preventing deflation and all of these things have to be dealt with. the growth rate is slowing down and that does not necessarily entail disaster or crisis. there are a lot of issues that need to be handled. it has a downside for commodity exporters. >> you look at the situation in china and i come back to this question because it never really gets answered. have we seen a boom in china over the last 5-10 years in the world that ins not finished falling down the elevator shaft? >> you have instances of credit booms and they hardly ended. we have seen few credit booms that have been locally financed and do not have the dollar amount. the dollar liability leads to a sucking sound of markets and currency markets going down with interest rates going up. the only parallel that comes close with per capita

china struggles. we speak about the linkage of the chinese economy the fragile market, and the government in beijing. deadly serious business. the federal reserve is comedy central brought to you by janet yellen. good morning. this is "bloomberg surveillance." it is thursday. i'm tom keene. joining me, olivia sterns. brendan greeley is on sabbatical. olivia: the lowest economic growth target in 15 years from china. they want the economy to grow 7%. china is facing a number of headwinds. they want to make the economy more efficient. >> we need to develop twin engines to drive development. popular entrepreneurship and innovation and increased supplies of public goods and services. this will ensure that we will adjust without weakening momentum and will underpin with greater quality. olivia: in the past, premier li has said that lower growth is tolerable as long as jobs are created. the u.s. ambassador in south korea is recovering after being slashed in the face by a north korean sympathizer. there was b

the monk probably lived around 1000 years ago in china. experts and he committed self mummification with a special diet of seeds and poisonous plants before he ended his life while meditating in a pit. experts stressed the complex ritual was not suicide. >> basically, not everyone was allowed to try this. only buddhist masters who reached a very high level could do this with a permit. their own reason was to reach a certain level, to reach nirvana this way. >> some 200 years after his death, the mummy was committed to the golden shell now on display. visitors to the hunt gary and capital can view the exhibit until may 17. >> goodbye. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] year. an exclusive annual outlook with evercore isi superstar economist ed hyman, and new york's chief executive officer john kim. what do think see in our economic future? their predictions and strategies are next on "consuelo mack wealthtrack." >>> new york life along with

china's one child policy has quoted controversy, from >> china's one child policy, today t is being blamed for a declining fertility rate and a major gender imbalance with more than 30 million men to 20. i am on this addition of 101 east. we does about the days of china's one child policy coming to an ends. >> for 21-month-old lin jiahe, saturdays begins in with a menagerie of toys... ...under a shower of attention. >> little jiahe is an only child. he holds the most precious place in the household, with parents and grandparents catering to his every whim... and documenting his every move. >> "i am constantly writing to my son, telling him my thoughts and feelings in micro-blogs or postcards, which he will see in the future. i'm writing down the problems i have encountered and the way i have found to tackle them in the hope that they will be useful to my son when he grows up." >> jiahe and his parents are typical of the three-person nuclear family that has emerged in china in the last three decades, a result of the country's controversial family planning practice - commonly called the one-

how big is china going to be? >> it will eventually be the largest cruise market in the world. ♪ betty: the cruising industry has built its success in the west, but halfway around the world, there is another market on the horizon they could change the game completely. richard: the demographic shift in china and the growth of the middle class is one of the biggest single demographic explosions in history, one of the big demographic shifts we have gone through has been the baby boomer generation. that bubble has dictated a lot of american industry. what's happening in china today makes that look insignificant. betty: royal caribbean ceo richard fain says that in a few years, the middle class in china will not only be bigger than the middle class in america, but bigger than america. consumer spending in china is expected to increase of about 7% every year. by 2020, the total could be $5.7 trillion. remember the quantum of the seas, the ship with every bell and whistle you can think of? it is setting sail to its new

china's problems are not really cyclical. this isn't a response to the cyclical downturn in the data. in fact, if anything, the recent numbers, the pmi we saw this morning and the trade surplus the other day, were much better than expected. so it's not a cyclical issue, it's a structural issue, and that's going to maintain downward pressure. >> you have to explain what that is, then. >> china has too much debt. it's as simple as that. far too much debt. the debt has been led to sectors that are not particularly productive. and until they introduce really major structural reforms to deal with those issues, growth is going to continue to grind lower and lower, because you're basically throwing good money off the bad lending to firms with low or very negative profitability. >> a lot of people talking about the soe, state owned enterprises and other structural changes that need to be instituted to get over this problem. cnbc this week, what do we get? >> i would imagine a lot of talk and not a lot of action. i would imagine the i

channel to china, the travel channel to china in subsequent years. i think that the reaction of the right in the united states was very negative. >> this was the taiwan lobby. >> yes, very negative. after the trip, war and christopher -- warren christopher was given the task of reporting what we had done. his car was pelted with eggs in the garage and of the things. the blowback from the secret trip was essentially shock. >> we paid a certain price with secrecy, particularly with japan. but having said that, i think it was felt necessary because, if there have been public signals in advance, if people knew in advance henry was going to china, every lobbyist, not only taiwan but everyone else would be coming in, and our allies and we would be constrained on what we could explore with the chinese once we got there. the signal was made. we had to keep it secret. he would have to tell his cabinet and the japanese press could get hold of it so the chinese would feel betrayed. it was a tough trade-off. it was worth it.

china merchants group. arnold: there is a lot of work to be done in china. we have to develop ports. the reality is that it is a good market today. we have four ships there. both brands are profitable. the chinese government has declared through their advisory -- five your economic plan their intention to develop the cruise industry. that means a lot of things will happen relatively quickly. we want to be there to help make it happen in a way that we think will help the chinese government established the cruise industry they want, that will be sustainable for years to come. betty: how often are you there now? arnold: i have been on the job a year and a half or so and have made five trips to china. under very active market development. it will take some time. we are very happy with what we have today. we see it someday being as large as any cruise market in the world. betty: donald says carnival is poking -- focusing on one thing the chinese can never get enough of, luxury shopping. arnold: the chinese guests really like high-end retail, luxury brands. betty:

the congress is made up of members living outside china. speaking to reporters in tokyo, she mentioned nations such as malaysia and cambodia that repatriate illegal immigrants to china. she said handing them over to the chinese authorities could result in their being persecuted. >>> two passenger trains collided in thailand, home to many of the country's tourist sites. more than 50 people were injured, including foreigners. this is the third train crash in the same week following two other deadly collisions. the trains collided thursday. the state railway of thailand says 52 people were injured, including one american and five koreans. the crash occurred when an eight carriage train slowed down and was rear ended by a six carriage train. authorities say the driver of the second train did not notice that the first had decreased its speed. this is the third train related collision in the space of a week. on tuesday, a passenger train collided with a truck during heavy rains killing seven people. in a separate incident thursday, a pickup truck

and china. and if you try to get an op-ed piece written or go to our media and ask presidential candidates, imagine this big presidential candidate debate in 2016 and someone says well, how do you stand on the new model of great power relations? no one's ever heard of it in the mainstream media. but yet in my humble opinion this is the key point of friction right now between the u.s. and china. and everything else comes under that. if we can't agree on accepting the new model, the chinese proposal for a new model then the americans can accept the idea can peacefully rise like america did against england. it means the americans are still considering at least coercion against china and possibly the use of force. and then the hawks in china read into that, also the rebalance more ships, more planes. if you read ash carter's speeches he says we should focus our defense research and science on the pacific and india. >> you write about china's seven fears -- >> yes that's another chapter. >> which is

consumption is expanding in step with the rise in china's per capita gdp. as the chinese diet becomes more westernized, beef consumption is exploding. this is true even outside the major cities. this plant processes beef imported from australia. the facility will be skparnded this year to meet demand. this trader handles about $2.5 million worth of imported beef. >> japanese people are concerned that china is buying up all the beef. >> if so why don't they buy from me. they should come here. we've got plenty of beef. >> he's come up with a plan to compete with china's beef buyers. he's thinking of switching to cuts that normally go into ground beef. >> we can't allow people to lose access to whatever they want to eat. i think our mission is to protect japanese people from falling into that kind of situation. >> china's growing hunger for beef could mean lean times ahead for japanese buyers. >>> that's all for now in business news i'll leave you with a check on markets. >>> every morning, investors turn our attention to asia. the tokyo market leads the way.

china's economy is starting to mature. now the premier has also been touching on the issue of unemployment. they're worried that if economic growth continues to fall, there will be larger segments in the future the unemployment rate in the cities stays at around 4.5%. interesting though antonio he didn't mention the unemployment rate in the country side. the government also said it hopes to create 10 million more jobs this year. so the government is in a sense warning the people look, economic growth is slowing. but we are going to do all we can to mitigate the circumstances. let's put this into context antonio. china's growth rate of 7% would be still the envy of the united states. >> and to most of the world. these meetings have usually been well core yoa tbrafd. choreographed. has it hinted of anything sort? >> that the government will declare war on pollution. it says the premier says pollution is now a blight on everyone's lives and they will do all they can to eliminate it. the government is promising new anti-pollut

where is china's debt served? on the export front, sure, they would like to see a weakening -- but not too much weakening. >> the euro selloff puts them in a tough situation. i would say i am more constructive than the consensus -- there is less weakening ahead than what we have seen but they are in the top spot because as the euro sells off that will affect the exchange rate. it increases pretty rapidly. they are a very significant export destination. >>having said that, the economic growth they get for weakening is not going to provide them enough of an offset for any kind of financial stability concerns or even what it does against their long-term goals. >> which is another issue that came up. they want to be in, the imf basket, internationalized. i guess continued weakening will not -- and for the bankruptcies in general. >> and as you look at the data what they are doing with their money we know what happens when a central bank looks like it has the intention of using policy and undermining its currency. allo

china, they used singapore as an economic model for china. the cap the expertise to open tapped their- he expertise to open the chinese market and they were close friends. china sends high-ranking officials to singapore for training for various things including learning about the public housing system. singapore moved its people from to public housing, 90% of the population now homeowners. china is one of several countries in the region learning from the experiences of singapore, rish. will have more reactions throughout the day on bloomberg including a special show coming up midday singapore. we have a special screening of one of the major interviews with 2011, you cann caps off that at 12:30 hong kong singapore time -- catch that 12:30 hong kong and singapore time. this is just one of these sectors facing a downturn, details coming your way next. ♪ reporter: these are the stories making headlines around the world. lee kuan yew has died. he was suffering from pneumonia. was a university trained lawyer who led a singapore from 1959 through

china, 1.2 4 trillion. japan could overtake china as the biggest u.s. bond buyer. that takes us back to the 1980's, when japan was buying assets like rockefeller center. angie: that is right. sony buying a bunch of new interests and down. zeb: different this time, very different. angie: much of it a search for yield. thank you so much for that. coming up next, from spice girl to entrepreneur, victoria beckham making her mark on the fashion world and has her eye on asia. an exclusive interview when first up continues. ♪ angie: it is 10:30 in sydney and 7:30 in hong kong. shares in australia starting the week with declines. perhaps a word of warning about china's slowing growth. are 30 minutes away from the open of trading in japan and south korea. "ou are watching "first up. threading the needle. will strengthen role of the government was supporting the chinese economy. a --te of emergency at vanuatu as it is devastated by a monster storm. vladimir putin says he warned the west not to intervene in crimea. good morning. i am angie lau. first trading day of the asia

china distorts the facts and reiterates its unilateral claim. >> japan is demanding china take down the site. >> u.s. federal agents have found a number of chinese women during a raid on so-called maternity hotels. they swooped down on dozens of location in california where pregnant foreigners give birth. the agents searched about 40 maternity hotels. some were private residences. they suspect tour operators encouraged the women to conceal the true reason for their visit. >> it's not illegal to come to the u.s. and have your baby born as a u.s. citizen, but it is illegal to lie about that during the visa application process. >> they believe the women paid $15,000 for a short stay. they say the trips are increasingly popular among wealthy chinese. cnn reported that figures provided by state-run media in china highlight the growing demand. it said 10,000 chinese women went to the u.s. in 2012 to have a baby. that's more than double the number in 2008. >>> iraqi forces are trying to encircle islamic state militants in the heart of their stronghold. they're engaged in a major offensive offe

to balance china and in us. tom: what can china learn from singapore? guest: i would say the rule of law. you're not going to have that in china. the chinese love singapore and they go there all the time. they study it. china's got 1.3 billion people. olivia: what are the lessons and governance? guest: to have independent governance, both government and in corporate affairs. china is a different state. it is a common as party state. tom: kathy would is joining us from arc investment management. what is the distinction that you see in technology investment right now? we have not had a hysterical ipo at the nasdaq in ages. guest: what we are seeing are for general-purpose technology platforms and normally, only one is evolving and disrupting. the cloud is one of them. dna sequencing is another. robotics is another and energy storage is another. these are battery technologies. you can make a lot of money. tom: i do see how you make money in these. guest: people don't understand how profaned -- profound these changes are. they don't have the right dna to ta

find out the challenges china faces. on "newsline." >>> a team of japanese-canadian baseball players have visited japan on a double mission. they came to discover their heritage and pay tribute to the team that helped their ancestors settle into a new home an ocean away. nhk world's yuji osawa has more. >> one, two, three! >> reporter: a teenage baseball team has arrived from vancouver. all of its members are japanese canadians. [ cheers ] >> go! >> reporter: the squad was created last year to mark the centenary of a team that played a very special role for the japanese community in canada. the vancouver asahi was formed in 1914 by second-generation immigrants. at the time foreign workers faced different types of discrimination. wages were low and employment prospects limited. 94-year-old koichi kamishi is the only surviving member of the baseball team. >> translator: the team traveled to many places for friendly games as we wanted people to understand japanese immigrants. we wanted to become friends with white canadians

and china's lower economic growth target. china is australia's largest trade partner. and over in seoul the kospi opened higher. boosted by gains on wall street. right now it's trading higher by more than a third percent above 2,000. i'll have more headlines for you in business next hour. i'll leave you with a check on some other markets. ♪ ♪ >>> every morning investors turn their attention to asia. the tokyo market leads the way. and markets around the world follow. >> from the decisions that could change the course of an economy. >> to the companies at the forefront of change. >> up-to-the-minute market reports. >> and analysis by specialists from around the world. >> get all the latest business news and insight every day, here on "newsline." >>> u.n. officials say thousands of people in iraq have left their homes with few belongings to flee the violence. and they warn the number could rise. iraqi forces are locked in what's expects to be a long and bloody battle to drive the islamic state group out of the city of tikrit. soldiers backed by tanks and fighter jets

in business, inspections have begun in some of china's biggest state-run enterprises including china mobile and china national petroleum. back to you. jonathan: if you didn't have much time and you had to pick one figure i'm guessing it would be the gdp target. what are we expecting? >> that's right. it is a big focus for tomorrow. the opening usually the premier will announce targets including gdp growth. we will know what that is tomorrow. it is expected that he's going to announce a target of about 7% this year, which is lower than last year. earlier, i mentioned reform. it is likely to drag on growth so there is going to have to be some careful balancing going to -- some careful balancing. there haven't been rate cuts in quite a while, but two in three months is a signal of how concerned authorities are about the economy. it is usually of time when things are kept fairly stable. economists are thinking that the government is worried about the economy and the economists surveyed by bloomberg indicate they think there are likely to be more cuts to deposit and lending rates in the n

in. >> well here's something that gamers in china are probably cheering about. the people at sony are selling their game console in mainland china following the lifting of a sales ban. sony is the first japanese maker to sell video game devices in that market. just about 100 people lined up at a store in shanghai friday. they were waiting to buy sony playstation 4. and playstation vita. chinese authorities had band the sale of gaming devices in 2000 saying they would have a negative effect on young people. but consumers were able to buy consoles and software smugged into the market. the government lifted its ban last year. >> translator: we don't have to buy smuggled products anymore. i'm so happy and relieved. >> chinese authorities are now screening game consoles before they go on sale. >>> well many japanese automakers are expecting record profits this fiscal year. thanks to brisk overseas sales. but the outlook for the domestic market isn't as bright. that's because tax authorities will remove some of the breaks enjoyed by owners of popular mini vehicles. of

so he turned to china. >> china and zimbabwe are all-weather friends. and our cooperation. it's almost every second, including every culture, manufacturing. mining. as well as social sebbing tears. china is the biggest trading partner. china has been accused of exploiting the vast mineral resources. she saw it as a life line. >> it's acceptable for investment. we don't want it to develop in china. what the chinese are doing, it's in the right direction for the nation. >> reporter: it will be used to by ambulances x-ray machines and incubators. it's all equipment need theed. it comes with a price. >>> aljazeera.com, the website. all the news. we're going to explore the intersection of hardware and humanity and we're doing it in a unique way. this is a show about science by scientists. let's check out our team of hard core nerds. kyle hill is an engineer. tonight, sharks, long feared for their ferocity, how they can protect us. the secret in in their skin. rachelle oldmixon is a

replace it with a new one dominated with china yourself. what is your comment? [ speaking in a foreign language ] >> translator: i want to make it very clear that china has been a constructive force in building the international order. if we can compare the international order built around the united nations to a big boat then 70 years ago china was ipt mattly involved in designing and building that boat and china was the first country to put its signature on the charter of the united nations. today we are in this boat together with more than 190 other countries so of course we don't want to upset the boat, rather we want to work with the other passengers to make sure that this boat will sail forward steadily and in the right direction. [ speaking in a foreign language ] >> translator: 70 years has passed. the international situation and landscape has changed dramatically and naturally the international order needs to be updated. china supports reforming the international order and system. but such reform is not about overturning the curren

anyone who has been the china and -- to china and walk-through department stores, they are nowhere near as full as they used to be. we said look at them in march and the february number will come out and it will be absolutely horrible. >> it will be priced in already? >> i do not think it is yet, but it is a tough question. let's bring it to the february numbers. they will be a lot worse. last year february was one of the highest on record in terms of revenues. and then you have very soft conditions at the moment. march should be flat, fingers crossed you see some increase. the first quarter will be down year on year in february will be significantly down year on year. where are we sitting for 2016? dubai, you have to be long-term. >> it is always a big bet no matter how you look at it. >> samsung lives on the edge. is it a gimmick or the next big thing? >> a special report after this break. ♪ >> samsung new smartphones going on sale next month with a host of new features. sam grobart has a look. >> samsung has been showing a flagship phone. they are showing two of them. this is the g

japan controls the islands in the east china sea. china and taiwan claim them. the japanese government maintains the islands are inherent part of japan's territory in terms of history and international law. it says there is no issue of sovereignty to be resolved over them. >>> officials at a european research institute say beijing is becoming a bigger player in the international arms market. they say chinese weapons exports have more than doubled in the past five years. the international peace research institute released the figures in a report. it says that global arms trade grew 16% between 2010 and 2014 compared to the previous five years. china is now the world's third largest weapons exporter following the u.s. and russia. it accounts for 5% of global sales. its exports rose by 140% during the period. that's the largest increase among the top ten countries. china sold the weapons to 35 nations, mostly in the developing world. just over 40% went to pakistan. china has also become the third biggest arms importer behind india and saudi arabia. >>> now, let's g

the islands are in the east china sea. the japanese government maintains they're part of japan's territory. china and taiwan claim them. leaders of the two countries held a summit meeting last november. efforts to improve bilateral ties have been limited on both sides. >>> police in myanmar have arrested more than 100 students protesting a new education law. the rally was the largest of its kind since myanmar shifted it to a civilian government four years ago. the education law was enacted last september. it allows the central government to control universities. 200 students and supporters protesting the law plan to walk from mandalay to the country's largest city. they were blocked by police about 140 kilometers earlier this month. police said they would continue the march on tuesday, but the agreement fell apart. riot police charged at the protesters, the students say 127 people were detained and some were beaten with batons. the government has promised to revise the law, students have criticized the delay in parliamenta

china is an internal demand issue. looking at the external trade numbers, you can see imports falling off. we see no real signs of growth accelerating across that region. certainly from a market point of view, we feel relatively hong kong ands the chinese equity markets. >> it seems like the central bank is leaning against the market pleasures -- market pressures we've seen. are debatingeople in the market about whether they ultimately will be forced to reevaluate. they still have further reserve cuts that can be done. they still have further easing policy measures that can be done. there are many other things they have in their playbook. it looks a little bit too much of a heartrate to get right. we have been underweight. the much cleaner trade across that region is the underweight commodity export to anything that is tied in to that cycle in china. we see no opportunity to pick the bottom on. underweight equities across that region. we will see how this plays out. >> we're going to have another in the -- another move