and china. is that accurate? how critical is this visit to china? yang: his visit to the united states was a historic visit, opening up the relationship between our two countries. i think this visit is also vitally important. the united states has actually emphasized that they hope that this visit will be a milestone, putting our relationship firmly on a positive trajectory. betty: americans and the american public still have a mistrust of the chinese. a pew center poll recently said 54% of americans view china unfavorably. how does the president plan to change that perception? yang: the results of opinion polls vary from time to time and from place to place. my understanding of american society is that there is a deep awareness of the importance of nurturing better relationship between our two countries. so i believe that the american people attach a great deal of importance to the visit. of course, we have had some early harvest of this new model of the relationship between us. for instance, the trade between the two countries has grown quite a bi

china is doing? >> no, i don't think so. and the reason you have the u.s. so involved and interested parties like australia, japan, now the european union issues statements in support of these operations, is because this is seen as a test case of one, how is a rising china going to behave? it will be one that wants to change the rules that the rest of the world spent the entire post-war era building? and why would anybody restrict themselves at 12-miles if they do this? >> you were talking about the troubles in china, does that make them more likely to assert these claims or less? sometimes countries operate to show strength when they are feeling most weak. >> it really depends upon how the internal crises carry out. if the economy falls apart in a flash, which i think is the more probable scenario, beijing doesn't have the time to strengthen its legitimacy. but if the economic and political crisis are long and drawn out, then clearly beijing is going to do something to create problems abroad, becaus

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

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

china claims sovereignty over almost all the south china sea. obama met the filipino president benigno aquino on wednesday. they agreed on the need to stop china from reclaiming more land and using islands as military bases. japanese prime minister shinzo abe will support that position and seeks broader cooperation with the u.s., asean and other nations in the international community. he is expected to call on china to stop building artificial islands and abide by international law. china insists that its land reclamation and other activities in disputed areas are lawful and may repeat that position again. earlier this month, the u.s. flew b-52 bombers over waters near islands reclaimed by china in another apparent signal to beijing. the south china sea issue is becoming one of the biggest flash points in asia. previous meetings involving asean have sometimes concentrated on the matter. it remains to be seen whether leaders will break through this time. >> thank you, hideki. >>> on sunday, asean leaders will sign the declaration on the establish

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

china, one taiwan or two china. but this is against the mega trends, i think the mega trend which is irreversible there is only one china and both taiwan and mainland china are part of china and this is irresistible i think taiwan is a democracy and it is natural and logical that there may be people who have different views, but i don't think they will carry the day. i don't think they wilkens toot the majority of the people in taiwan. one china is deeply rooted and this will be irreversible and no country in the world recognizes one china, one taiwan or two china. even the united states has firmly pledged to the one china concept and is urging both mainland and china and taiwan to resolve whatever differences between them. >> okay. >> that's the mega trend we need to focus. >> thank you very much indeed for that in beijing there. >>> now turkey it says may hold a referendum on changing the constitution to create an executive presidential system a spokesman for president erdogan says discussions will accelerate in t

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

if you think about china, china we all know that gdp growth will further decline in 2016. it does not really matter. what is important for china is we have seen a 25% increase in and wete insolvencies, forecast another 20% increase in 2016. days about the number of still outstanding, which means the number of days for companies to pay their invoices. it has increased by 28 days over the past five years. rish: what would it be normally on average? in china, we are heading to 28 days, which means in china, you have to wait one month longer to be paid than in the rest of the world. that is quite telling, i suppose, but tell me, when is an insolvency and insolvency in china? sometimes you just get a company shutting their doors and saying, goodbye, i am gone. first ball, the insolvency laws are less sophisticated or less experienced than you would see in other parts of the world. indeed, where companies just shut down and disappear. that means you will never get paid. so where is this coming from in your view? wilfried: it is what we call the and corporate and public debt is h

china would bake to imple mment the one china. two two sides agreed on one china. . >>. >> when you look at the geopolitical friends, do you get a feeling that china is the one that will win out in the end? >> that's, of course, the case. china is the second-largest economy, and at the end of the day, there's a lot of countries. you see the u.k., gemany, entrance and other western, what previously were major economies. they came to china's footsteps and cuddle up. you saw, for example, the president to the u.k., and in a statement by angela merkel. and the french president to thina. they were covered up in order to get more orders. and various other high take >>> how does converge edges between china and taiwan impact the balance of power between china and those opposing or trying to counter its rite? it's no secret that taiwan was unofficial. if they get closer to china, the united states would, in a sense. lose a bargaining chip. in this part of the nation, we see nowadays, for example, this sort of antagon. >> between the yits

china is in. they set aside tensions for the time being to promise to work to promote growth with japan and south korea. --ese three countries after all the tension and strain, they are talking again. the question is, why? it's the economic imperative that is compelling china, south korea, and japan to cooperate. china's growth is slowing. south korea's exports are tumbling. of northnuclear threat korea, developing missiles. it is urgent for these countries to get together and think about how to deal with this situation together. sam: what can we expect to change after the summit is over? sam: the summit itself was a starting point for restoring cooperation. one of the signs that we would see to tell cooperation is back fully on track is striking a free-trade agreement. these negotiations have been going on since early 2013. if we see a free-trade deal signed, that would be a clear sign that cooperation is back on track. rich: the trilateral agreement taking place there in the south korean capital

i notice in your broadcast you're talking about anti-china or china hostility. really what it comes down to is the r reunification question. both sides are trying to come to some understanding. mostly political not economic, that boat has sailed. when your economy is 40% dependent upon china there is really no way that you can say we are going to give up and go home or find something else. it's a very big issue, it's really an emotional one and it will have to be solved probably over a period of time. >> okay but it's not going down well in taiwan. we've got correspondents there, thousands of people protesting there, they're having nothing of this, what's up? >> well, if you take olook at the polls, over 70% oa look, its existed through history. a lot of the taiwanese have felt that their economy has been subsumed by this enormous china. from 20 years it's gone from became of nothing to the second largest economy in the world. this is a little overwhelming, china isn't coming on strong deliberately but they are coming on strong economically. so politically the q

as an outside investor, how much do you make on your folio in china you go -- china? chinak: i am playing through the perspective of companies that have been hurt from their exposure to china. i think my portfolio has a great market share. manus: patrick, thank you. you're good to stay with us after this very short break. are going to stay with us after this very short break. ♪ . manus: the manufacturing deluge continues, getting a break in data from the u.k. get ready for this one, guys. u.k. manufacturing growth unexpectedly accel breakthroughed -- accelerated to the fastest in 16 months. new markets searched and -- surged and the economics say it is bucking the downward trend starting the year on a strong footing and the manufacturing index rising from 51.5 from a 51.8 in september beating economist forecast for an easing of 51.3. and this report indicates the economy is defining headwinds from emerging markets and maintaining some momentum and also may reinforce the view of some of the bank of england officials who say the economy is strong enough to warrant a r

china -- as china's market gets underway, we have climate changes. pollution is at its worst in 13 months. pollution in china and other countries is the issue on the agenda. let's have a look at what we can expect as these talks get underway. david: some of the most -- there isissions a concern that these pledges still fall short. they met inn copenhagen, and that meeting fell apart in disarray, they pledged to limit the temperature increase globally, global 2.7 degreesround celsius. is, today, the aim in paris a two -- 2.7 degree temperature change. 2%2010, there was a temperature change. that reflects economic fundamentals and the divide between rich and poor nations and the wherewithal of nations to deliver on these carbon dioxide emissions commitments. china for its part has pledged that is emissions of carbon by 2017.ill peak in the u.s., it peaked back 2004. the emerging countries in the developed nations -- we will be closely watching is a divide emerges between the two. it comes down to the ability to pay for it and national interest. and the

china. >> at least the flow of money out of china seems to be eased. we had a massive slump after august. take a look at august, when we saw the devaluation from the pboc, over $9 billion in that month. , or is actually stemming snapping, five straight months of decline. this tells us a lot. we had the stock rally, up by over 10% last month. it's best performance since april. the recovery helped money stay in china. a number of new policies from the chinese government cracks down on illegal money transfers. that seems to be bearing fruit, as well. this bodes well for china's efforts to get included in the ferc. it is showing confidence in the u.n., which saw its biggest gain in october. stability is returning to china's foreign-exchange reserve. relief tocome as some chinese policymakers, when the rest of the data is really looking dire. shery: thank you. the latest chinese trade data out over the weekend. a meeting that took 70 years, and led to a handshake that lasted 80 seconds. the leade

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

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

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

risks angering china as well because of contention between china and japan and also the south china sea in general and all the different parties who claim parts of the south china sea. rejection with japan could be seen as australia pushing away ties with japan. which ever way they go, there will be some political implications seen or perceived by different parties involved in this as well. say china ise can increasing its activities and also saying there is a need to ensure the rule of law and freedom of navigation. already leading very strongly to china's influence in the south china sea and the region. the foreign minister repeating that australia does not take sides. ng it's urging all claimants to the south china sea to settle disputes in line with us -- international laws. easy to say, hard to do. mixing business with politics as well. roslyn, thanks. coming up next, more on the asean meeting. missed deadlines. ♪ angie: checking other stories headlines, a reporter has been sentenced to an unidentified prison term after his conviction last month for spying. the spokesperson for t

have the people in china reacted to this news? >> reporter: some welcome the meeting, saying it will help advance cross-strait ties. others say it's nothing but an internal affair. >> translator: the meeting is going to improve the relationship and stability of china and taiwan. >> translator: china and taiwan is one whole family. it's a normal thing that brothers meet. >> reporter: it appears china wants to give moral support to taiwan's ruling nationalist party, ahead of january's presidential electio the party places importance on ties with china. polls show the largest opposition, democratic progressive party as the frontrunner. so far, xi's administration doesn't have effective channel of dialog with the party. and the party has not acknowledged the one-china principle. observers believe this summit is paving the way for china to widen lines of communication with taiwan, even after nationalists are defeated in the election. >> "newsline" will keep you updated on this story. >>> the biggest news in tokyo markets today is the s

china's going shopping again. the waldorf-astoria hotel agreed lift for nearty 30% premium on the price. that is when the insurer announced it will be exploring a sale. it will include expansion into the u.s. group is on the way down about 1.4% overnight. yum brands facing more disappointed. the october sales in china have been deteriorating. last month, a string of new measures -- they included a new menu for pizza hut and kfc stores with high prices. yum shares on the way down. let's have a look at what is causing a stir at the month. shopping.going anybody that likes to shop on the internet. joining me on singles day. this is set to eclipse what we have seen on cyber monday. thanksgiving day holiday. 11throw, the 11th of the and a massive online sale. $9 billion spent last year alone. >> not bad for a completely made up holiday. >> absolutely. it is couples day in hong kong, singles day in mainland china where everyone go shopping. people are saying -- the economists coming through with stats. money cannot buy

tonight on mosaic, china has a new slogan. narrator: introduced by chinese president xi jinping in 2012, the china dream is a pledge to rejuvenate the nation. prof. cheah: when i hear china dream, the first thing i think about: materialist consumption. ai weiwei: i think it's just a nightmare. narrator: is the china dream of security and economic prosperity for all chinese citizens or only for the well educated and fortunate enough to already be middle class? professor taz frazier: you know working class, working poor, rural chinese citizens are finding the chinese dream to be a myth. prof. stan rosen: it's being introduced at a time when you're trying to pull back everybody who is going off in their own 1.3 billion directions. narrator: tonight on mosaic, through the eyes of film makers around the globe we explore the china dream with intellectuals, overseas students in america, migrant workers in beijing, and an entrepreneur in africa. tonight on mosaic, the china dream. dean yam yeutong: national rejuvenation refers to thos

i do china and united states of america hosting these to travel to china? >> guest: i do. it's artistic up with china juggling frequent. it's been an absolute essential part of my sense of the world and i'll be writing about it in the years ahead. >> host: alexander virginia please go ahead, good afternoon to osha's one become it's been while since i was in china and i was curious about chairman mao's estate. i know it's an odd question but i'm just wondering if that had been open? i did not history behind that. >> guest: a good question. there is a frequent hills park that you can go to to identify number of times. i don't know if i'd been to anything described as chairman mao's estate but frequent hills the survey open. it's a popular place to go. >> host: next up is working in carmichael california. >> caller: my question is who does the leadership of china answer to? meaning, i just doubtful that they really represent the people of china. i'm just wondering is there outside influence on the leadership of china quacks is the leadership of china chosen from outside influ

>> the key leader is obviously china. if you think about it, angie, today china in terms of wind capacity. the wind capacity in china is above the whole capacity of south korea. and that's going to double again by 2020. more than double again by 2020 to around about 200 to 250 giga watts of power which is enormous. so china's obviously a leader not just in wind but also in solar. southeast asia has done pretty well in biomass. indonesia -- lagging behind has really been australia, which is quite surprising. they've done reasonably well in solar. but because of policy shifts, right, we're going green, not going green. we're shutting down coal fired plants, we're not. it should have been a leader but is not. angie: it has a new prime minister. let's see if that changes. thank you so much for all of that. great perspective there. thank you. let's get a conservationist's view on what c.o.p. 21 can and should deliver. we'll be joined by gavin edwards director of conservation at w.w.s. in hong kong. very good to talk to you. wh

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

he added that china must cease land reclamation in the south china sea. a position that was bked up by the philippine leader. >> the freedom of navigation and oversight of the south china sea must be consistent with international law. >> reporter: meanwhile, the chinese president is avoiding the issue at the talks. he said the summit should focus on the economic issues. china is not a member of tpp. >> translator: we should never allow anything to disrupt the development of the asia-pacific region. differences should be resolved through dialogue. >> reporter: leaders will start holding discussions on thursday. apec is a platform so discuss regional trade. nhk world, manila. >> we'll have more reports from manila here on "newsline." >>> members of u.s. and china are taking a dim view on security ties. china's decision to build artificial islands in the south china sea was driven by a desire to impose a territory toerl claim. the panel members said china's military has improved its missile capability to keep the u.s. military away and they pointed to china'

germany clearly trades with china, and we still see some influence in china. jonathan: up next, we are live in moscow as putin and hollande agree to coordinate strikes in syria. session, thed the ftse down by 36 points. good morning. ♪ jonathan: good morning from the city of london -- this is "on the move." the ftse is down by 6/10 of 1%. here are bloomberg's top stories. the shanghai composite plunged more than 5% this morning over concerns about the second largest economy as industrial profits slumped by 4.6% and regulators wide in the probe into the country's biggest brokerages. the euro is set for its longest stretch of weekly decline versus the yen since 1999 as anticipation builds for the european central bank surprising investors with stimulus next week. france and russia have a great coordinating strike to increase the focus on jihadist militants after presidents hollande and lujan that in moscow yesterday. moscow, ryan chilcote joins us now. you look at the leadership -- cameron, obama, merkel -- they are all saying they are on board will stop has h

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

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

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

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

let's switch gears to china. the first economic indicator of the quarter is out and it is signaling further weakness in the manufacturing sector. the initial pmi figures showed contraction for a third consecutive month. it's much more the same story again. >> it is. it's a weakening economy and we have deepening deflationary pressures. fairly weak global demand is feeding into what we are seeing at the factory floor. at october pmi coming in 49.8. as you can see, the third consecutive month of contraction. better than august, the same as september. you can look at this two ways. the third straight contraction below 50. 49.8 is a sign of stabilization from the previous month. it depends on how you want to look at it. of course, we need to get a couple more months and see if we can get back up above 50. most indications are that there is some stimulus in the pipeline. we have had interest rates cut since last september. we have had infrastructure measures to try to stimulate growth in the economy, so some are expec

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

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

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

china has ticked most of those boxes there. china wants to join the currency basket to underline growing influence in the global economy. j.p. morgan chase thinks it is a done deal. standard chartered saying something unexpected and surprising would have to occur for china to miss out on approval. it could be the plot of a bond movie. eight shadowy web of stock manipulators and online considers. american prosecutors described a widespread, multiyear criminal enterprise that helps financial companies steal information. suspects have been identified, conspirators in more generateden countries hundreds of millions of dollars with stock schemes and online gambling. the hackers also falsified passports and took control of a new jersey credit union. the global network stretched from the middle east to the u.s. itself. will try to get you back to the singles day headquarters at alibaba, which g.s moved to beijin where are we now? have you found a bargain yet? no time to shop. i'm just trying to hear everything happening. we are here e

the president of france is in china, the world's largest carbon emitter. you're watching al jazeera live from doha. also coming up on the program more bodies from the egypt plane crash arrived back in russia as the airline says there's external factors. a cyclone is bearing down on the em knee main-- em knee main land bringing pain. >> translation: young? european your? it's not union >>> we hear from volunteers helping in greece. the remains of more victims from saturday's plane crash in egypt's sinai province have arrived in russia. there's still confusion over what brought the plane down. metrojet says an external problem could have been the cause. this has been dismissed and analysis needs to be done. all 224 passengers and crew were killed. live from st petersburg. egypt's president has now come out and said the plane wasn't brought down by islamic state fighters. what more can you tell us? >> reporter: that's right. he said that in london, but that hasn't stopped the speculation that terrorism was the root cause of this. the russia agency has a sourc

step two is to make sure the platforms in china that sell products from china are performing well and selling high quality products from china into the u.s. consumer. emily: how do you convince u.s. customers to use your website and platforms instead of amazon or ebay? mike: our strategy is not about competing with amazon. small companies we have invested in our less about finding the investment opportunity that is going to be a future competitor with amazon and much more focused on starting to learn about the domestic market. in the u.s., our focus is on big brands and the small businesses that want to connect to the chinese platform, not on the u.s. consumer and developing a local business. emily: given your background at goldman, the stock has been on a roller coaster since the ipo. how do you explain the lack of investor confidence? michael: i do not see a lack of confidence. i see volatility. if you look at the volatility across the sector and many sectors in the markets, stocks go up and down over time and in relation to the short-term news cycle. i do not think there is any evi