at china's history you look at china which i will say the words and anybody who tries to go to china definitely no. no no no wait a second i mean you know china has never been a listening let me let me a little in washington the second the last yes. yes the last thing i would say is that the u.s. you know has been you know. well meaning fellow throughout its history look at look at. the circumstance that's ok but if they're not about let's grow up and say i want about this just because the u.s. is going to be like does not mean that about it human rights and that sort of thing has nothing to do with us foreign policy henry kissinger says that stephen walt says that john mearsheimer says that it's absurd to sack only only dissociated academics those nonbelievers leading this sort of things aren't just for you are you saying that saying here is that you know china is the best behaved country on earth. i did not say that i said the united states and that's sort of the power it is a ruthless imperial power and china is well while advised to be very careful matt jump in go ahead. yeah wel

china china that the us is an optional island receive nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have as i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interesting clue claims that other countries there's american exceptionalism only the name and email is from henry kissinger there's. there's an american exceptionalism in that you know i mean because it makes the point which i think i do either second all right gentlemen

china china that the u.s. isn't mentioned while and we see nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have to i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interesting clue claims that you're seeing trees there's american exceptionalism than any man and you may find this from henry kissinger there's. there's an american exceptionalism in that you know i mean that has endured up makes the point which i think i do either second

china china that the us is a mentioned while and receive nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have as i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interest include claims that you're seeing trees there's american exceptionalism than any man he made us from henry kissinger there's. there's an american exceptionalism in that you know i mean because it makes the point which i think i do either second all right. here we

china china that the u.s. isn't mentioned while and we see nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have as i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interest include claims that you're seeing through there's american exceptionalism the name and email is from henry kissinger there's. there's an american exceptionalism in that because it makes the point which i think it's we are second all right. here we have run out of

china china that the u.s. isn't mentioned while and we see nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have as i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interesting clue claims that you're seeing trees there's american exceptionalism the name and email is from henry kissinger there's. there's an american exceptionalism in that you know i mean because it makes the point which i think it's very very second all right gentleme

that china, china has promised that china will not go into arms race. any other nuclear weapon states. and china, by that, i think china at least means china will not seek parity with the two superpowers. you were wildly off, and china will not seek nuclear superiority. and there's also some discussions around the p5 agreement of reporting form to the npt in 2015, to report the arsenal on the number of warheads, the current arsenal, the nuclear material and also the weapons that has been dismantled. so, you imply actually that china has maybe a much larger arsenal than some experts that, that ministry experts think that china might have some 3000 missiles, warheads, somewhere in the mountains or in the tunnels. so when i read that, i cannot help feeling amused. i'm amused by the imagination, and also, and also by the approach that such -- like assumptions have been taken so seriously. i know that the most recent national defense authorization act, which was signed into law in early january, requested the commander of the strategic command to submit a re

look at china's history you look at china as i want to say the words and anybody who tries to go to china definitely no. no no no wait a second i mean you know china is never the way the last thing let me let me a little in washington just like in the last yes. yes the last thing i would say is that the u.s. you know has been you know. meeting fellow throughout its history look at look at the number one killer of all circumstance that's ok but they're not about let's go ahead and say about this just because the u.s. is going to be rational timer does not mean that about it human rights and that sort of thing has nothing to do with u.s. foreign policy henry kissinger says that stephen walt says that john mearsheimer says that it's absurd the second only only dissociated academic this man would believe in that sort of things are just for you are you saying that saying here is that you know china is the best behaved country on earth. i did not say that i said the united states and that's sort of the power it is a ruthless imperial power and china is well while advise to be very careful matt

the book is called china's super bank, debt, oil and influence, how china, at china, how china's development bank is rewriting the rules of finance. thank you, guys. >> thank you. >> rose: thank you for joining us. see you next captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >> the following kqed production was produced in high definition. [ ♪music ] >> it's all about licking your plate. >> the food was just fabulous. >> i should be in psychoanalysis for the amount of money i spend in restaurants. >> i had a horrible experience. >> i don't even think we were in the same restauran

the book is called china's super bank, debt, oil and influence, how china, at china, how china's development bank is rewriting the rules of finance. thank you, guys. >> thank you. >> rose: thank you for joining us. see you next captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org auto . >>> this is "nightly business report" with tyler mathisen and suzy gharib. brought to you by -- >> the street.com. interactive tools foor an ever-changing world. our dividend stock adviser helps guide income at a period of low-interest rates. we help you invest and trade stocks. action alerts plus is a charitable trust portfolio that provides trade by trade strategies. online, mobile, social media, we are the street.com. >> finding growth. the economy expands, but some say it's not fast enough. what it all means for you. >> big mac. how mcdonald's sees the broadest economy. >> social investing. why using social media to

the book is called china's super bank, debt, oil and influence, how china, at china, how china's development bank is rewriting the rules of finance. thank you, guys. >> thank you. >> rose: thank you for joining us. see you next captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org

russia and china and australia china's rise has certainly faced criticism and accusations of currency many feel lation from washington d.c. is the u.s. is feeling that is losing its position as the world's leading economy. but china consistently demonstrated its resilience in diplomacy and its independence in the economic decision making so the tropical island of may be nothing like the mighty slopes of switzerland but the economic agreements made here may send evelyn says across the globe that are just as powerful. and more on the significance of the poor and when i go live to china and talk to seeing a diver rushes represents a four g. twenty summit preparations ksenia that is how we just had the report of our colleagues so what's the significance of this event. how did manage to attract so many big names and high profile figures. while this is still largest war and we need to now i should say that i'm very impressed with the reef invasion you're myself while you're really can you hear it here that easily ease the news anchor or are you going on. praise be to want. to listen is in o

this is about china. if chinese want to stop north korea the guys at the border who see the goods going in and out, they can get the flu. the north koreans will get the message and not the chinese are worried about immigrants, they are worried about a unification of korea with seoul as the capital as part of the american security orbit. >> nuclear weapons and 40,000 troops -- >> one of the interesting diplomatic things we tell the chinese, look, we're prepared to negotiate about that. it doesn't have nuclear weapons. another possibility is that we can talk about american troop presence. we can talk about a lot of things. but you have to be willing to use your influence. >> do you think the obama administration has handled this well? >> as painful and unnarcheral for me to say this, i think they handled it. predecessors george w. bush and bill clinton. >> both of whom fell for this -- >> both who fell for this story not understanding this is a regime that doesn't stay bribed. they manufacture crises in ord

but china doesn't want to see a collapse of this regime. china's frustrated. had enough of kim jong-un and his leadership. pushing the rhetoric to the breaking point. one thing that's also a factor, this young leader doesn't have the relationship with china's leaders, in the past kim jong il, previous dictators in north korea were able to sit down man to man with china. now it's an unknown quantity. >> how much coverage, david s this crisis with north korea getting in china, how are they playing it? >> well, it's getting a lot of coverage here. certainly a little built in china, it's a large border with north korea. north korea has always been the close ally, but unruly cousin of china since the korean war. it's getting a lot of front-page and middle of the page coverage. no open criticism of the military buildup by the united states. it's clearly tas it approval that the united states is getting into the region in a bigger way. and also possibly pointing the finger at north korea. >> wolf? >> david, joining us from beijing. thank you very much. >>> the former

humans in february in china. if you're wondering how the viruses get these names that make them sound scarier, the h and n refer to protein on the flu virus and the numbers to the shapes. two science lessons at the end of one show. thanks for being part of my program this week. i'll see you next week. >>> welcome to the "cnn newsroom." i'm fredricka whitfield. the stories topping the news. a young american diplomat is dead in an aattack on a u.s. convoy in southern afghanistan. a civilian and three u.s. service members were also killed. we'll have detailed. and north korea could be days away from testing a missile. tensions are so high on the korean puninls law it's creating a ripple effect. a u.s. missile test is being delayed so as not to send conflicting messages to north korea. and the family of megachurch pastor rick warren is in mourning following the suicide of his 27-year-old son. matthew warren battled mental illness all of his life. coming upering we'll go live to warren's church in southern california

can cut the dweel china. hae he has a lot of credibility with china. >> reporter: trade with china is booming from $1 billion a few years ago to $5 billion now. if you account for the weapons and minerals, how else is he getting money? >> he's getting it through illicit transactions. >> reporter: officials say north korea is exporting illegal drugs like meth, producing knockoffs of popular cigarettes and pharmaceutical drugs, even counterfeiting good old ben franklin. the fact that u.s. officials say the illicit stuff is still pretty small scale. the north gets a bit more from tourism and foreign investment from places like south korea and china. but, wolf, he says in a country that doesn't get any taxes from its citizens and really is not connected to the international world trading market, it is the minerals and the weapons that are the cash cows keeping kim in power. >> they have global sanctions against him from the u.s. security council but he's getting cash that he needs. chris lawrence, good report. th

not just in china. in much of the developing world, this is a significant problem. >> perhaps get magnified by the rate of growth. >> because china is so large. don't think there is more corruption in china than there is in india, for instance. or many other places in the world. but because china is such a big engine in the world economy, and there's so much change there, that it is a huge issue. >> i do have questions from all of you, or some of you, that you submitted, and we will get to those. a lot of things we want to touch on first. sustainability, i mentioned, is something you are very keen on. something that is really the focus of the paulson initiative and the paulson institute. having a sustainable economic growth plan, a model, perhaps, a rising china on how to implement sustained economic growth. we hear about the environmental problems in china, mr. secretary. i am frankly a little bit surprised they haven't been addressed liquor. and i think i share that feeling with maybe some others. in

ping an, china life, china pacific, new china life insurance all lost over 2%. but reconstruction related stocks capped losses on that market, including cement and steelmakers, heavy machinery and expressway stocks. they soared limit up by about 10% today. that's a look at the asian markets. back to you. >> thanks very much for that. now, friday marked the end of the worst week for the dow jones in almost a year. the index fell 2.114% to be precise. that was the biggest weekly decline since june. meanwhile, in the nasdaq, apple shares suffer a big hit. trading down nearly 45% from september's all-time high. if you had shorted apple and went long the nikkei, hedging for the yen in the end of the last year, you would have done pretty well for yourself. apple's free fall led across the board. there were big swings on the vix. a large increase for the year. let's hear more from charles beesly. pushes a little bit of money around. charles, thanks very much for your time. first of all, just to pick up on these market levels we're starting to see here, are you changing

china doesn't want that. do i think china will be the nice big brother that pulls it together. maybe, but it may not be for the reason we like to believe. >> uma: if we ask china to limit food and aid to north korea, could this give china a chance to force us to do concessions? >> i think that is a good question, uma, and one we need to be prepared for. they have us by the throat because of the debt we owe to them. the only thing we do have. we buy so much of their stuff. it is a matter of do they want to get into a trade war? no, they don't. it would wreck their economy . so everybody is in eight tight spot and no one wins here. but north korea has to be made to stand down and the only enity who can do that is china. >> china wants this to choose. if a conflict breaks out with north korea. millionings of refugees will go in the border. that could be a economic burden. >> it would. the north korea have a disastrous economy because of everything in the military hardware and their people are reduced to eating lawn clippings while the president lives like a king . it is a horrible

this is about china. if chinese want to stop north korea the guys at the border who oversee the goods going in, can go on leave for a couple of days. the north koreans will get the message and the problem is not the chinese are worried about immigrants. they are worried about unification of korea, which seoul is the capital as part of the american security orbit. >> nuclear weapons and 40,000 troops -- >> one of the interesting diplomatic things we tell the chinese, look, we're prepared to negotiate about that. it doesn't have nuclear weapons. another possibility is that we can talk about american troop presence. we can talk about a lot of things. but you have to be willing to use your influence. >> do you think the obama administration has handled this well? >> as painful and unnatural for me to say this, i think they handled it. superbly. predecessors george w. bush and bill clinton. >> both of whom fell for this -- >> both who fell for this story not understanding this is a regime that doesn't stay bri

can promise that china, china has promised that china will not go into arms ra race. and china can, by that, i think china at least mean china will not seek clarity with the two superpowers. you were wildly downsizing, and china will not seek nuclear superiority. there's also some discussions among the p5 agreement of a standard reporting form to the npt in 2015. to report the arsenal on the number of warheads that the current arsenal, the nuclear material, also the weapons that has been dismantled. so you implied actually that china has maybe a much larger arsenal than some experts, that minister -- ministry experts think china might have some 3000 missiles, warheads. somewhere in the mountains. so when i read that i cannot help being amused. i'm amused by the united nations, and also by the approach that such -- [inaudible] assumptions have been taken so seriously. i know that the most recent national defense authorization act which was signed into law in early january requested the command of the strategic command to submit his report by 15th of august, to evaluate

senkaku islands in the east china sea. u.s. deputy secretary of state william burns is visiting japan and spoke exclusively to nhk in tokyo. the islands are controlled by japan but claimed by china and taiwan. burns stressed both sides should discuss the matter calmly to avoid inflaming tensions. burns says the u.s. does not take a position on the sovereignty issue but acknowledged that the islands >> we call upon all parties to deal with this issue in an exclusively peaceful manner, to avoid actions which might risk miscalculations or risk rising tensions. it is very important to deal with this issue in a calm and constructive manner. >> burns also mentioned a recent series of talks between u.s. senior officials and chinese leaders. he said his country will strengthen ties with china through diplomatic and military routes and that u.s.-china relations are very important for global peace and stability amid increasing provocation by north korea. >>> asia wants to have an eu style economic community. leaders have begun talki

what's more likely is they will keep their china plants focused on selling to companies here in china while u.s. plants pick up more of the manufacturing for companies in the u.s. one big advantage u.s. manufacturing plants have over those here in china, productivity. now, it's improving here in china, but it's still not to the level where it is in the u.s. and because of that productivity, u.s. manufacturing plants have been able to keep their costs in check relative to firms here in china. phil lebeau, "nightly business report," shanghai, china. >>> and tomorrow we'll look at whether china, the world's largest auto market, is about to become the world's most lucrative market for luxury carmakers. >>> meantime, still ahead, seaworld is set to make its trading debut tomorrow, but should investors dive in? >>> first, a look, though, at how commodities, treasuries and currencies fared today. >>> you can call it a whale of a deal. seaworld entertainment, this is the amusement park behind shamu, the killer whale, will sell shares to the public for the first time ever tomorrow at the new y

china russia and the u.k. france and germany have proposed easing economic sanctions in return for iran stopping enrichment past twenty percent to run says its responded with its own set of counterproposals based on the points made during a previous round of talks in moscow mr chilly also said that while enrichment of uranium is iran's indispensable right the country may consider suspending it in order to build trust the former head of the iran section of the british foreign and commonwealth office michael axworthy says it's been a much more positive meeting but there's still much to do. what has happened seems to sound like a good deal not positive the moment some previous rounds and i don't think anyone quite yet should expect very dramatic developments the history of this dispute is very long running. for a long time and there's been a stalemate there's a lack of trust on both sides and i think it takes precisely these sorts of developments. a gradual shift in positions towards each other to begin to escape

china and russia are allocating more funds. spending by china rose almost 8%. they ranked second worldwide. russian leaders are focusing on bolstering the nation's armed fors and improving weaponry. >>> china's economic engine seems tohug along month after month, but they have lost some steam. the pace of growth for the world's second largest economy has slowed. officials say gross domestic product grew 7.7% compared with a year earlier, and gdp growth dropped from the 7.9% recorded in previous quarter. the numbers surprised many economists. >> china's economy is maintaining a high growth rate, be many economies expected more. exports rose as did the global demand for chinese goods. but the pace for domestic demands slowed. it passed the government's goal of 7.5% growth for all of 2013. that targtt last month during the national people's congress. the target reflects beijing's attention for distraction over economic despairties. it also wants to pursue a more sustainable pace of growth. >> we are focusing on the quality and efficiency of china's economy. struct

russia and china and australia china's rise has certainly faced criticism and accusations of currency many feel lation from washington d.c. is the u.s. is feeling that is losing its position as the world's leading economy. but china consistently demonstrated its resilience in diplomacy and its independence in the economic decision making so the tropical island of may be nothing like the mighty slopes of switzerland but the economic agreements made here may send avalanches across the globe that are just as powerful. and of course for recovering the foreign for you throughout the next three days are now armed online here on alt. if you would believe economic forum for the big players who are shaping tomorrow's global ecology while twenty thirteen the stakes are high today on our team billions of haydon dollars slashed and tax havens have been brought to light the international consortium of journalists have leaks a report exposing some well known public figures like france's president nicola. orlando i should say and other top politicians from around the world and margaret bergen green

russia and china and australia china's rise has certainly faced criticism and accusations of currency many feel lation from washington d.c. is the us is feeling that is losing its position as the world's leading economy. but china consistently demonstrated its resilience in diplomacy and its independence in the economic decision making so the tropical island of none may be nothing like the mighty slopes of switzerland but the economic agreements made here may send avalanches across the globe that are just as powerful. we'll be covering the forum for us throughout the next three days on air and on line at city from billions of dollars a starship in tax havens have been brought to light the international consortium of journalists have leaked a report exposing offshore ties of some well known corporations and high profile figures such as the election campaign treasurer for france's president a liar and a moderate from financial advisory a.c.m. partners she says facts packed whistleblowing is now becoming an effective trend. let's use france as an example if you look at what's going on th

reports from china. plus the war of words the escalating tension between israel and palestine sparks an advertisement for time in new york just ahead for you. the international airport in the very heart of moscow. a pleasure to have you with us thanks for joining us here on out it's he heads of state business leaders and nobel prize winners of all gathered in china to discuss economic and other pressing global issues the twelve forum has already proven a truly global event this year and once again bringing the world's attention to emerging nations ever growing economic clout a local correspondent alexander reports from china. when people hear it in all week for the first thing that comes to mind is the snow will escape in doubles but this is not changing as the repertoire eyes of the so-called asian tigers has shifted the focus east towards when it comes to the world's economic development established twelve years ago the ball form had its main focus in asia but it left the door open for other countries

china china that the u.s. isn't mentioned while and receive nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have as i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interesting clue claims that you're seeing trees there's american exceptionalism than any man from henry kissinger there's. there's an american exceptionalism in that you know i mean because it makes the point which i think i do either second i don't think you can hear we

again accused china of limiting internet freedoms the so-called great firewall of china where beijing has long been under scrutiny for blocking many western websites such as facebook google and youtube but those criticizing china are no saints sounding people and cispa bills to control the internet data have made waves across the atlantic lately and the u.s. government approved interception of private text messages and e-mails for security needs are hardly contributing to online freedom china single party political system and lack of democratic elections also came under fire the chinese report made its wife back at america's multi-party system saying that in what seems to be a democratic process it's really not the people but the amount of money spent on complaints which really decide the winner is the largest part of the us report was dedicated to human rights as they are today from harsh labor conditions to poor salaries indeed china's status of being the world's factory is nothing new and the cheap labor force concept has long been debated beijing hit back with a scathing claim tha

russia and china and australia china's rise has certainly faced criticism and accusations of currency many feel a sense from washington d.c. is the u.s. is feeling that is losing its position as the world's leading economy. but china consistently demonstrated its resilience in diplomacy and its independence in the economic decision making so the tropical island of none may be nothing like the mighty slopes of switzerland but the economic agreements made here may send avalanches across the globe that are just as powerful. following the fireworks from a new form to rival davos so on air and online right here on c. you would believe economic forum for the big players who are shaping tomorrow's global ecology while twenty thirty the stakes are high today on our team presidents superstars and business men worldwide have been left are rather red faced in a new tax haven scandal this one though originating in the british virgin islands a collective of journalists as i began publishing member millions of leaked emails exposing the offshore ties of the world's elite to the sunny caribbean isla

can you bring those to china? >> that's where this trade mission has enormous opportunities. >> every ton of garbage creates the greenhouse gasses. we can turn that into clean energy. >> mike hart from davis came on this trip searching for investors. his company turns solid waste into gas and ultimately electricity. the company can turn a ton of garbage into 1,600 kilowatts of power. >> we will have one significant partner as a result of the trip. that could result in several hundred million dollars of construction projects. >> california also stands to benefit from chinese experts. the country is a leading source of car batteries. governor brown who toured one chinese battery and electric car company says california's goal of 1 million electric cars by 2025 won't happen without china. china shows a lot more promise with working with california than washington. >> i find them a lot more advanced than our united states congress. they are mired in mythology and primative thinking. with that kind of power against ren

china russia the u.k. france and germany have proposed easing economic sanctions in return for iran stopping uranium enrichment and tehran says its responded with its own set of proposals but those details have yet to be revealed. dozens of people living killed in a suicide bomb blast in the iraqi city of baquba that's about sixty clicks north of baghdad they had been taking part in a political rally in support of a sunni muslim candidate standing in local elections to be held across the country in two weeks' time. portugal's cause if you will court has ruled that a handful of new budgetary measures aimed at saving the government money cannot be put in place declared four out of nine of the articles to be unconstitutional including scrapping some holiday bonuses and unemployment benefits the decision deprives the state of one point five billion euros in savings it had counted on to meet the terms of a euro zone bailout. two hundred seventy nine protesters have been arrested in montreal during a rally again

china on the left, china on the right. all lit up. seoul then it seems it the planet -- peninsula stops and it is an island, but it is your career there. when you see this and are looking at this, what was it like to be in north korea? guest: i have that same photograph in my office. i look at it all the time. it is a strange feeling. very obviously a impoverished country. arecan tell that these koreans. wide boulevards. you see very substantial, concrete buildings, and it takes a few minutes as you look around to realize you are looking at a 40 story apartment building with no lights on it, no electricity inside. it is a different kind of poverty than we're used to seeing in africa or southeast asia. that also expresses the anomaly about north korea. here you have one of them least-advanced countries in the world that has in fact carrying out three nuclear attacks. launchedw successfully a three-stage missile. we do not believe they have yet built a warhead that will fit on in a veryularly backward country and that reflects their inf

russia and china and australia china's rise has certainly faced criticism and accusations of currency many feel lation from washington d.c. is the us is feeling that is losing its position as the world's leading economy. but china consistently demonstrated its resilience in diplomacy and its independence in the economic decision making so the tropical island of none may be nothing like the mighty slopes of switzerland but the economic agreements made here may send avalanches across the globe that are just as powerful and of course will be covering the forum for you through the next three days owner and on line here announcing. you would believe economic forum for the big players who are shaping tomorrow's global ecology while twenty thirteen the stakes are high today on our t.v. billions of dollars stashed in tax havens have been brought to light the international consortium of journalists have leaks a report exposing all short times of some well known corporations and high profile figures such as the election campaign treasurer for france's president or land and margaret boden vary f

they see china as key because china has the pocketbook. china can all of a sudden stop aid to north korea, be a little bit tougher, say listen those fuel shipments are running a little bit late but i think we might be overestimating china's influence here. you've seen china over recent years talk to the north koreans, warning them to not make a nuclear test, not to do a missile test and north korea goes ahead anyway. there is a big debate in china from senior officials up to president saying we're not getting much bang for our buck with north korea so it remains to be seen over the coming weeks and months how cozy china remains with north korea. the u.s. has tried to get china to crack down in the past, hasn't had too much success but china might be reaching its end point. >> elise labott, anna coren thank you. >>> some of kim jong-un's most passionate supporters the young people because they're taught at a young age to pay homage to their new leader and hate america. brian todd met one man who went through as a child. >> reporter: a capti

china has been reinforcing its navy to back up its territorial claims in the east and south china seas. >>> violence has erupted in western china between authorities and civilians. chinese state run media say the incident in the uighur autonomous region has left 21 people dead. a clash broke out on tuesday in kashgar. fighting began after local government officials reportedly discovered a suspicious group carrying knives. police rushed to the scene only from -- only for some to be taken hostage. police then reportedly shot six members of the group and arrested others. o total of 21 people, including 15 policemen, were killed. chinese authorities say the group was plotting a terror attack. there have been increasing outbursts of violence amid raising tensions with ethnic uighurs. they complain of a widening wealth gap. a riot broke out in the regional capital in 2009 claiming 200 lives. >>> the security situation in pakistan continues to be volatile ahead of next month's general election. police in islamabad say they found a car bomb near the home of the former president, pervez musharr

china -- china-north korean relationship. the concern about missiles, the concern about the missile shield being something that reinforces the china-north korea relationship, looking at it from a larger, strategic vantage, or is it something not quite that much? >> one of the interesting things in china is the growth of different interest groups, vis a vis relations with north korea and also with the united states, so when we see things like the north korean missile threats and the threat to attack the united states with nuclear-weapons resulting in the u.s. beefing up their interests, there are currently 30's, and now there are plans to 44 -- there are currently 30, and now there are plans to go to 44. korean threat is seen as serious, but not at the capability to provoke that response, so there is this fear of containment, and with that, there is the concern that north korea is causing problems that directly put the united states and china on a collision course. i think those groups in china have to see the importance of co

again accused china of limiting internet freedoms the so-called great firewall of china where beijing has long being under scrutiny for blocking many western websites such as facebook google and you tube but those criticizing china are no saints sounding people and says the bills to control internet data have made waves across the atlantic lately and the u.s. government approved interception of private text messages and e-mails for security needs are hardly contributing to online freedom china's single party political system and lack of democratic elections also came under fire the chinese report made its wife back at america's multi-party system saying that in what seems to be a democratic process it's really not the people that the amount of money spent on combines which really decides the winner is the largest part of the us report was dedicated to human rights as they are today from harsh labor conditions to poor salaries indeed china's status of being the world's factory is nothing new and the cheap labor force concept has long been debated beijing hit back with a scathing claim

reports from china. when people hear it can only for the first thing that comes to mind is this no escape in doubles but this is now changing as the repertoire eyes of the so-called asian tigers has shifted the focus east towards when it comes to the world's economic development established twelve years ago the ball form had its main focus in asia but it left the door open for other countries to join in the years later in two thousand and thirteen we have top ranking government officials and business leaders from all over europe and america attending the conference including bill gates christine legarde and george soros and the excitement is understandable as well america and europe have been dealing with a no go in economic recession china's trade ball in his skyrocketed for example the trade wall between brazil and china in two thousand and twelve alone has reached a whopping one thousand percent or seventy five billion u.s. dollars the same happen to other countries in the region they can china their

>> reporter: china wants stability. the argument from kerry to the chinese leader and as i say, met with everyone including the chinese president, the argument is that it is more destabilizing to go along with your long time ally, north korea. so china resents and resists and fears american force, wants that buffer of north korea between china and the american allies of south korea and japan. but the argument now is that kim jong-un is so unstable, that that is a bigger threat and that they should put up with america in order to get him to tone it down. >> andrea mitchell in beijing. andrea, thanks. >>> on the island of bali, a miracle in the sea after a passenger plane crashed into the ocean and all of the 108 people on board survived. the crash happened as the lion air jet approached the runway and came up short. while the circumstances are quite different, the outcome is reminding many folks of another aviation miracle here in the u.s. a few years ago. annabel roberts has more. >> reporter: just short of the runway,

operates very much everywhere and china doesn't ask questions china's local politics china doesn't get local leadership on like the united states on the western. allies oil gas diamonds gold to uranium copper iron ore and more you name it africa's got it but china isn't only looking for resources it's investing in new infrastructure projects and not only gas pipes but roads schools hospitals and more all under it's win win policy for a long allow african politicians to use the new infrastructure projects to promote their image among the locals while the locals are more than happy with the opportunity to make some extra cash of course chinese companies are often criticized for being overly demanding compared to the rest of the world but the figures speak for themselves with thirty two bilateral investment agreements and some fifty billion dollars worth of direct investment china is ready to work almost with any government in any state unlike its rivals certainly in terms of trade china has passed the united states it is africa's largest trading partner today but there's more china is al

again accuse china of limiting internet freedoms the so-called great firewall of china where beijing has long being under scrutiny for blocking many western websites such as facebook google and you tube but those criticizing china are no saints the sounding people and cispa bills to control internet data have made waves across the atlantic lately and the u.s. government approved interception of private text messages and emails for security needs are hardly contributing to online freedom china's single party political system and lack of democratic elections also came under fire the chinese report made a swipe back at america's multi-party system saying that in what seems to be a democratic process it's really not the people that the amount of money spent on complaints which really decide the winner is the largest part of the us report was dedicated to human rights as they are today from harsh labor conditions to poor salaries indeed china's status of being the world's factory is nothing new and the cheap labor force concept has long been debated beijing hit back with a scathing claim

again accuse china of limiting internet freedoms the so-called great firewall of china where beijing has long being under scrutiny for blocking many western websites such as facebook google and you tube but those criticizing china are no saints the sounding people and cispa bills to control internet data have made waves across the atlantic lately and the u.s. government approved interception of private text messages and e-mails for security needs are hardly contributing to online freedom china's single party political system and lack of democratic elections also came under fire the chinese report made a swipe back at america's multi-party system saying that in what seems to be a democratic process it's really not the people that the amount of money spent on complaints which really decide the winner is the largest part of the u.s. report was dedicated to human rights as they are today from harsh labor conditions to poor salaries indeed china's status of being the world's factory is nothing new and the cheap labor force concept has long been debated beijing hit back with a scathing cla

our second quarter should look better in china. a bit more optimistic with china. >> you announced a stock buy back program, is there a number that you expect for caterpillar stock to be next year? >> we have quit a bit of cash on our books and with the price of the stock and the multiples, we felt it was an opportunity to do it. we will contribute a billion dollars under the plan that is outstanding and it's the strength of the balance sheet. we can take it and we felt it would be a good time to do so. >> that stock buy-back announcement could be one of the reasons that their stock soared to $82.71. >> while caterpillars may be seeing blue skies ahead, if you fly, you may be seeing red. airports all across the country may be experiencing big delays as air traffic controllers are furloughed to save money t impact of the federal budget cuts from the so-called sequester. we have more on how the cuts could change your travel plans right now and through the summer. >> both new york's laguardia airport and lax in los angeles, featured m

>> what china has is it has money to invest. obviously this is a country that is a world power and fared better in the economic downturns than most countries around the world. there is a large growing middle class in china that has money. if you are jerry brown, you want it in two forms. you want large money for the deal we talked about in oakland and you want consumerism. you want them to buy california products. >> he is good on staying on message and staying away from politicking and pomp and ceremony. how has he dealt with that among chinese delegates? >> he has done well with the pomp and circumstance. that is not a jerry brown strong suit. he disdains the trappings of office, usually. he seems to have enjoyed himself having a meeting with the premier of china in mid week. of course, all of the other officials he talked to. as far as issues that maybe others think he should be talking to here and most notably, issues on human rights issues or cyber security or piracy of entertainment items. the governor is steering clear of

china china that the u.s. isn't mentioned while and receive nowhere. all right you're not letting me finish because you don't have any real point to make here what i'm saying is this that you have as i do china has been more aggressive in pursuing its territorial claims in the east china sea in the south china sea it is not a coincidence china has has had these opinions it has had these claims for decades but in the past they were unable to act upon it because they lack the power now that china has more muscle it is going to pursue its interests like any country would i'm not saying china is worse i'm not saying it's better it's not a moral issue it's not a normative issue china is simply pursuing it saying it was more aggressively now because they have the ability to do so and these interesting clue claims that you're seeing trees there's american exceptionalism the name in the e-mail is from henry kissinger there's. there's an american exceptionalism in that you know i mean because it makes the point which i think i do either second all right. here w

they cut china's growth to 8% from 8.2%. >> a slow down in gdp in china got the blame. but ford does not see it that way, they are protecting that 40% of the sale s will come fro china. they have doubled their capacity, scrambling to keep up with demand to keep up with the market. we have a closer look at fd's rapid expansion there and the challenges it faces. >> he is part of the new wave in china. car buyers turning the western part of the country into one of the hottest auto markets in the world. >> translator: in his mind, he feels that the car, the brand is good. and the service is also excellent. so this is why he trusts this brand. >> here, the gateway to western china, growth in auto sales is particularly good news for ford. at this plant, a new focus roles off the assembly line every minute and within two years ford will be doubling capacity in the area. >> this year, the total volume of the ford, were 600,000. so it's a big, big key. >> growing sales in china have been one of the top goals since he took over ford in 2006. at the time, ford had a small presence