china is a continental power in asia. japan is a maritime power with a strong alliance with the united states across the pacific. korea is in between these two powers. we have seen the sign of japanese war erupting 120 years ago, and korea was kind of devastated between the two powers colliding against each other. we have experienced a korean war. it was started by north korea but china sent its forces. they made a military intervention during the korean war. japan was not directly involved in the korean war, but japan provided a rear area of support to the united states so that they can exercise military operation in south korea against north korea and china. so again, in the korean war, china and japan were standing on the other side. in the post cold war era, china has risen, japan is now trying to resurge as national prestige and power. so, in the 21st century, we are witnessing another trend, a sign of japanese rivalry in the region. in politics, as i have experienced, rivalry is not always a bad thing. the two rival

"asia edge" is back after this. ♪ >> you are back with "asia edge ." we are going to head over to singapore. we are going to return to our coverage of the asean business club form. we have the chief of one of indonesia's biggest conglomerates. take it away. is on the cusp of a leadership change. joko widodo about to be inaugurated. that will happen in november. he wants to boost investment in the likes of infrastructure and health care. ceo joins us today. good to have you with us. what jeat are you about okowi has promised? excited aboute him. hopes,ction gives new new ways of doing things. he has promised that he will free up the economy so that investment will come in. infrastructure is a priority. he wants to increase the welfare ,f the people, health care putting in infrastructure. >> health care a key issue. joko is also after free health care. hospitalsce private like the ones that you run to provide free health care. would you see that happening and what impact would that have on companies like yours? muste standard of living rise. to do that,

all of that and more in this monday edition of "asia edge." >> i am david ingles. watching the markets in the region, especially hong kong. stocks poised for the worst day in months. we are seeing downside momentum building up. technicallso some things here. how things are holding up in a little bit. back to you. >> just a bit of breaking also coming through. beverage workers in a coca-cola factory are striking to support these protesters in the city center. are closings streets, disrupting public transport. in the past few minutes, we heard about these workers as well. let's just get you over to rosalynn chan down at the protests themselves. what does it feel like right now? >> it is pretty peaceful over here. there is generally a pretty good atmosphere. are resting and staying out of the heat, they are still occupying the highway, blocking out ways of getting into the central part of hong kong. in fact, stopping people to get into the government building. we are standing right in front of the government complex. there are a lot of people over there, that is the d

are they going to dismiss it in asia, as well? >> yeah, i think they will probably be relaxed about it. the u.s. gives you the lead. if you look at the broad range of data coming out of the u.s., it has been really quite solid. number, i don't think people are going to revise their views on where the u.s. economy is going or how long it is going to be before the fed raises rates. lot moreing to learn a after the fed's policy meeting next week. that is going to be a key event next week. >> a lot of people have been explaining this optimism and really trying to give credence to this incredible rally we've seen in u.s. equities. if you take a look at the fundamentals in the u.s., do you see the strong fundamentals that could really encourage equity markets in the u.s. to go even further? tough one.that is a it seems pretty clear to me that the economy is recovering quite nicely. you have a growth rate still at 3% quarterly. you can clearly see that the consumer is coming back. corporate investment is doing quite well. i think the rea

is it too much capacity and southeast asia? -- insoutheast asia southeast asia? >> it is the worst i have seen for some time. much of it has to do due to air asia's rapid growth. they have been growing by 80% since 2004. that is longer than average. most airlines in southeast asia including air asia, malaysia itself, singapore airlines, these carriers have a lot of earnings pain because of a lot of access capacity. >> thank you for joining us. 'alking about malaysia airlines restructuring. right, other airline news. australia and japan and china being disrupted by a volcano in new guinea. back into life sending a column of ash and smoke. which includeds sydney to tokyo and shanghai to avoid the volcano. it last erupted in 2006 and destroyed a town in 1994. coming up next, turn into japan as it looks to boost growth. minister'sthe prime agenda as he meets his counterpart. ♪ >> trading over in mumbai. we will have a look at indian growth coming in which is stronger than expected. .hat is positivity cnxthe last trading day and is down a fraction. prime minister is

led to the community of apek, the community of stations in asia pacific. under my prien ministership, we sharpened that focus, for having a whole of nation policy paper, calling australia in the asian century, looking across the 100 years to come, the original growth in our region of the world and its rising economic power. we were very conscious of the strategic weight of the world in which we live and the australia's place for that and the great opportunities that can flow from it. >> do you think australia has a lfn lesson to teach to the united states as it talks about tilting towards asia, refocusing not necessarily away from europe but taking a wider view of the world? china is a big player now. and i think america's associations are still very heavily pitched across the atlantic. >> i was very happy as prime minister to welcome president obama to australia. he spoke in our parliament house. and he spoke at the time that the united states was first articulating the doctrine of the pivot or the rebalance, whatever terminology you want to use, towards

asia's -- nations in asia may have to focus on keeping their economy stable. this may be only for the short term. the world's fastest-growing economies will have to adapt to policy for the fed which could weaken the contribution to global expansion. policymakers may have to attract foreign investors. global funds pulling money from local stocks. asia needs to diversify its base of investors. the prospect of higher rates in the u.s. is just one of many challenges that await the president elect as he takes office next month. he will be inheriting an economy that is at the lowest -- slowest level since 2009. >> thank you for that. saysraine's president tensions and eastern part of the country are easing as the fragile truce remains in place. ukraine held talks with pro-russian rebels over the weekend. ryan chilcote spent -- sent this report. you could forgive the soldiers outside this town in eastern ukraine for failing to be friendly. ant time strangers made appearance, the locals say they came with 100 tanks. this frontline city was saved by the cease-fire. it

it is the middle of the asia trading day. we are live in hong kong and this is "asia edge." ♪ the top stories this hour -- made in china. strong exports fueled a record trade surplus last month. japan's contraction deepened after the failed -- the sales tax rise in april. and new york, london, hong kong. alibaba's global sales pitch starts today. up this hour, monsoon disaster in kashmir. we have the latest on the rescue operations. and jakarta markets turned a record. it with one about of indonesia's biggest conglomerates. and tapping fashion for electric cars. all that and more in this monday edition of "asia edge." >> a very encouraging piece of data out of china this morning. trade activity continues to be robust. david is here with another china surprised to the upside. >> we will get to that in just a bit. we are seeing that continued sluggish picture. imports exports better, not so good. surplus.ade another record, in fact, for the seventh straight month. $50

asia will remain cautious. finance minister basri said developing nations in asia may have to focus on keeping their economies stable and the potential fallout from higher u.s. interest rates. this may be only for a short term as it is difficult to promote growth with the threat of capital outflows. the fastest growing economies will have to adapt to changing policy at the fed which could weaken their contribution to global expansion. the benchmark rate is already at its highest level since 2009. policymakers may have to preserve indonesia's appeal and attract foreign investors. the rupiah dropped for five straight weeks. mitigate the risk of losing funds to the u.s.. the prospect of higher rates in the u.s. is just one of many challenges. idodo takes office next week. and harassing the slowest economy since 2009. back to you. >> thank you very much indeed for that. let's now turn to some of the other stories we are following for you. some of the top corporate ones. are falling in hong kong, down about 4% after

theobama will be looking to pivot to asia. this can help alice other challenges to america. >> it might be the linchpin. when people in washington think about the pivot to asia, they are focused on china. much less on india. can he change that? hei think you'll probably -- will probably make the argument is in both interest to do that. these are great democracies. he just went through an election where he got an historic amount of votes, 66% of the people voted. he won an overwhelming majority in the lower house. we need to talk about why this is such a fundamentally important principle. human rights, shared values, more democracy in asia. india, as it gains confidence, is spreading democracy. that is in our interest to do just going -- strategically as we fight isis and look to make sure asia is not too aggressive in that area. i think the leaders will talk about why this is in both strategic interests. that is a win-win. >> the kind of election turnout america can only dream of. >> good to see you again. >> we do have to tak

the revision is meant to reflect the shifting security situation in east asia. that includes north korea's nuclear and missile development. authorities in pyongyang launched ballistic missiles into the sea of japan in march, june, and july this year. this was another reason why prime minister abe announced a fundamental change to a decades-old policy. his cabinet approved a reinterpretation of the constitution, allowing japan to exercise its right to collective self-defense. that means it could defend a closely related country under attack. >> translator: with this decision, japan could strengthen its deterrence and contribute to international peace and stability. and also ensure japan's security. >> reporter: but abe needs to amend more than ten domestic laws to make the change a reality. so he's creating a new cabinet post devoted to that job. 58% of people who responded to nhk's latest survey said the prime minister and his cabinet have not fully explained the issue of the right to collective self-defense. the new ministers will be expected to convince the ja

taking a look at other markets in asia, major benchmarks mixed. some markets including mainland china and south korea closed today for the mid autumn day holidays. tokyo's nikkei average rose.23%, 15,705. leading the advance was soft bank which owns more than 30% of ali baba group holdings. expectations are growing the giant will raise a record amount of capital in its upcoming public offering. yeah cart sta finished higher than more than half a percent, 5246, that is a record level. investors remain upbeat by economic reforms by the country's incoming president. they believe he will cut fuel subsidies and green light more infrastructure projects. >>> consumers and business managers across japan have been spending less. officials at the cabinet office are seeing the aggregate necks of that on the economy are economy. they say gdp shrank faster in the may to june quarter than estimated. gdp fell 1.8% from the previous quarter, an an annual contraction of 7.1%. officials estimated gdp would drop 6.8%. managers pulled back on reinvesting in their bus

but russia isn't the only country eyeing central asia as a new strategic powerplay base. the president is making sure that the president is being felt from several deals. and looking to local businesses. but for all of these leaders, the growing instability and containing the ideological extremism are key factors. members of the countries of this group represents hundreds of millions of people around the world. individually and collectively, the leaders gathered here, have the potential to affect the outcome of global crises from syria to ukraine, and some of them will be hoping that the strength in numbers that can evolve into a force that's able to stand up to what they describe as increasing western aggression. >> joining us now live from moscow, and it's a pretty weighty show of leaders there. and what is the significance of the shanghai corporation. and what are it's main goals? >> well, the core mission, for which it was formed is to stabilize former central asia, the stan republics with their authoritarian, but secular regimes, which no one wants to see to crumble

god bless you. >> reporter: asia had big dreams. she was on her way to swim with the dolphins in california. she wanted to go to medical school to become a pediatrician. >> she did things in double time. maybe she just knew she wasn't going to be here long. >> reporter: where do you think asia would be right now? >> well, hopefully -- >> hopefully working, graduate from college and working. >> reporter: but every time a friend or a scholarship winner reaches a milestone asia never got a chance to reach, they celebrate. >> through the foundation asia lives on. she lives on in the hopes and dreams of everybody who receives a scholarship and what they do with their education and what they do with their life asia lives on. >> reporter: at the pentagon memorial bruce leshan, wusa9. >> wow. tomorrow night the cothams are holding a fundraising concert for the scholarship program at new $wfcmasmyrna missionary baptist church in northeast d.c. tickets are available at the door or on their website asiacotham.com. >>> let's talk about thursday

down 3%.ond it looks as if it is not selling in asia. asia is weeks as credit suisse. we saw no growth for asia in richemont. what is good is the americas, but that does not seem to make up for the fact that asia is slowing down. that has unearthed investors. -- unnerved investors. watch out for the luxury investors. up .73%.s they are up point 8/10 of a percent. in the emerging markets, particularly in russia and china. those concerns of frenzy weakness is easing for many of the analysts and they hope it has good results on the back of it. we see inditex shares up .6%. profit is down but that is largely due because of foreign currency weakness and they are managing to keep on selling those goods. daily mail unchanged. we had expected the stock to fall because they are warning once again on their software, rmf software program that will be delayed. this is a media company. seem to be stellar, a 5% over underlying basis and that is a concern about the software unit. >> a higher open across the eurozone. dax is up by .4%. let's get some insight with the head of investmen

with asia-pacific airlines. the of course, one of things we have been watching out for is what is going on with the foreign exchanges, and we look at the euro under pressure. this is in focus as we have that reserve rate decision. let's find out more from david. >> this is just about at the level of about 4:00 a.m.. is how ior a catalyst would describe it. and would that be the rba decision? it is with just about every single economist. they do expect them not to leave things at 2.5%. there is the current account deficit. expectations in the forecast, almost tripling. from the previous period, and we are talking $14 billion. we continue to watch that. and the dollar/yen, we are closer to 1450. and this is a session over in tokyo right now. what do we have? at take a look, and it is its weakest levels since the start of the year. 105.30. january 1, we have seen a breakout. will it continue? and we had manufacturing data, with the exception of greece and france, and there is a little bit of expansion. it is just a

my book is peaked with stories about amazons from greece, persian, egypt, asia, china, but since this is the science section i have been focusing on how archaeology sheds new light on ancient greek narratives and the artistic images we have of amazons and how some details in ancients literature and art, once dismissed as fantasy or just imagination, are turning out to be accurate representations of the steppe nomads' lives. archaeologists showing us how much the greeks actually knew or guessed correctly about the the people. as they learned more they revised their pore trails of the -- portrayals of the amazons. in the fifth century it was reported that they enjoyed getting high on the intoxicating smoke from burning hemp and now archaeologists are finding that the men and women were often buried with their own personal hemp smoking kits, consisting of little. he 'residue and seeds on the coals or hot pebbles. the depiction of amazon weapons is one of the most striking changes for accuracy in greek art. the first images of amazons appeared on greek vase paintings about 2,500 years ago

in this episode of "asia insight," we follow the ongoing efforts to turn laos into a major exporter of organic produce. vientiane, to capital of laos. a market in the city is bustling with shoppers. it's held three times a week and farmers here sell nothing but v. these vegetables are grown without the use of agrochemicals. compared to other produce, organic vegetables are said to be more nutritious which is why they are richer in color. leafy vegetables have thicker stalks and remain juicy and fresh even after they are picked. laos is one of the poorest countries in asia but the economy has been expanding resulting if larger middle and wealthy class. they are concerned about their health and will pay as much as 20% more to purchase organic vegetables. the market, apparently, always sells out. the farmers wear green polo the shirts ide aork. officily accredited organic fa ly certified farmers are organic markets are supported by the government. 80% of the country's population is involved inning a gagricult e agculture. rice and vegetables have been produced and consumed locally. the mi

this monday edition of "asia edge." >> i am watching the markets. i am exact -- i am exaggerating, a good start. came out ofpmi china, things started to turn around for the better. another good session over in taiwan. something that has become quite common. inflows intoet taiwan. the most in asia, recently edging out india. manufacturing pmi, not the best. towardo be leaning expectations. china may step in to support the economy. china, gains led by the automakers. china rose out the policy on electric cars. defense related shares. report out off "the shanghai chinaties news," that will announce this blueprint, restructuring plan of military research unit. elsewhere, it looks a good so far. i will be back. >> writer to our top story. >> right to our top story. bloomberg news, asia government editor david tweed on the streets. promising more protests. any idea when we would be getting them? >> they have not actually said it when it will do the protests but we know we will be having the protests at least 10,000 people. that is a targeted number from o

and how will it flow through asia. -- asia? >> we think it will continue to taper, 10 billion is widely expected. what a lot of investors are looking at right now is a potential change. we still think there is a 50/50 chance. the u.s. economic data has been strong, the gdp and the isn numbers. but weaker than expected in some they came in weaker, they could buy the fed some time. in terms of asian equities, i think it is not the absolute level of the u.s. treasury yield , but the rate of change of u.s. treasury yields that affects the equities. if we have a moderate increase in u.s. treasury yields, then i think asian neck woody's could absorb that very well -- asian equities could absorb that very well. >> that is interesting. how you -- how are you advising your clients in this environment? >> at this point in time, we are a very global equities, the global market. a good value,are across the globe, equities offer good value. confident on japan, also the u.s. and japan. and a slight positive on europe. and a lot of people hav

what are you doing to expand from micro across asia? >> actually, what we are doing at the moment is investing heavily in the market. mobile user is extremely high in singapore and everywhere in asia. asiane just moved our headquarters over to singapore and invested heavily in the resources and the people working care. plus, teams all over southeast asia. asian security for mobile security in a general. it is a nice market and we are responding. >> last question for you raimund . in the next five years, how parttant is security and a of this mobile internet security? moment, we do not see as many attacks on mobile devices. operatoras a common used by everybody. now because of all of the mobile devices, it is viable because you have a diversity of devices. over 18,000 different mobile phone. [indiscernible] out theto figure future. we are talking about mobile payments and managing everything with mobile devices, tablets, and a smartphones. the trend is moving toward the mobile platform. we have ways to protect them and we will become mor

. >> when we talk about e-business we talk about amazon and ebay, but asia is asia and america is america. if you think the internet as 3000 meters running, he usa has only finished 100 meters and asia 30 meters and china only 5 meters. we have a long way to go. if we have a very good company in asia, the whole world knows that. that is why we chose hong kong to make the announcement. >> the press conference served its purpose, and the buzz about alibaba began to grow. journalists from abroad trickled in to report about a man they called "crazy jack." the chinese were connecting to the web, and the internet was opening up an entirely new world. it was an exciting time, and anything seemed possible, as a number of internet users grew, homegrown startups emerged, modeled after their u.s. counterparts. there was the yahoo! of china, the web tv of china, and the ebay of china. i was working in beijing for an advertising and pr agency. when a friend told me that a chinese company was looking for a senior manager to join its international marketing team, i became intrigued and flew to shanghai

and good for the world, and especially good for the asia pacific. and showing to a year ago who could not have entered the country, they are not going to look back, but look forward. >> the performance lately hasn't been that rising oproblem prows promising india no, not at all, and there is such excitement that maybe he will change that, a 5.7% growth rate, which for slow growth america sounds terrific, but when you have 1 million or many people seeking to enter the job market, it isn't enough. and so i think the excitement that you saw, when i walk by the white house today, it was terrific. there is an excitement that maybe he will bring change, but the reality is it is sit rhetoric. people will start looking for real action. the details. >> he promised to change it, was did he just saily change it, or was he more program itic did he diagnose the problems? is. >> he ran to alarming extent on his record as chief minister which has been one of the most successful states in india in the last decade and he ran on a program of helping the young people.

gopro may have some competition from asia. according to a person familiar with the plan, htc is developing its first waterproof camera for extreme sports. its 12thh is forecast straight quarter of falling sales, is searching for new forces of revenue -- sources of revenue. if declined to comment on this story. alibaba's ipo was taking place later this week, but today, the roadshow rolls into hong kong. rose luncheon has more with us. -- rosalind shannon has more with us. >> alibaba has enough demand at share, and iter could actually close early. >> already? >> already. this is one of the things. it could be tempting to think about raising the share price range to see if they can get an increase, but this is something that they should consider carefully. for example, facebook, it came back to bite them. more comes from mutual funds, they have a longer-term view, a 3-5-year horizon, they might place orders, and that made it ali baba the confidence to raise the price range. these mutual funds could be worried. of the company has

asia might of dispute that. >> it is all everybody thinks to look at when we look at asia. when we look at the data, when the pmi's are good, we are thinking, are they really good? bad, you must be thinking they are really bad. what is the view? >> i think the view has changed substantially on china in the last year. there was a lot of concern as to whether the governor had the -- government had the polls of what was going on. whether the pace of reform would continue. fast-forward to do it -- to today, on the ground the feeling actionsmore confident are taken to sustain growth to deal with things that could and start tobbles develop a sustainable economy the rest of the world needs. companyven't seen any without the back of it. is it realistic to bring it to a soft landing? are we being too optimistic? think in every emerging market it is too optimistic to think you will get a sustained upward trajectory without bumps in the road. china andg now in what we're seeing with suggest there would be some bumps, but they are survivable and manageable with a careful focus on selec

is a wake-up call in asia. let's find out more. center ofctor for the asset management, research, and asset at business school. he joins us from singapore. thank you for joining us. evaluation currently stands at billion.lion -- $231 a 38% increase on the first day. is that just the beginning, or where do we go from here? >> the story of alibaba is really the story of the chinese e-commerce market. that, the chinese e-commerce market is only 9% of total industry consumption in china, and it is bound to grow. economists estimate that the chinese e-commerce market will soon surpass those of america, britain, japan, france, and germany combined. --baba is personally vertically positioned to take full advantage of that. we heard from jack ma, he said it was an opportunity to be more transparent to the world's investors. does this mean that we could see a trend towards more transparency of for chinese companies that list and trade it right here in hong kong or asia? well, this is a very important step for the chinese economy. and it is

i think the rest of asia will go through. on top of that monetary policy there are reasons to worry about weakness here in asia. not bullish on the emerging markets and concerned about them, where are you not concerned and feeling ok about >> the your money echo is doneck market -- it extremely well. monetary policy is being tightened. overall monetary policy is still in favor for the equity market gains. >> we are going to leave it there. is the bp of wealth management outside of singapore. dirty work, trying to live a -- try to earn a living out of one of the most polluted rivers of rubbish. ♪ trash is another man's treasure as the old saying goes. --ever coined that slays that phrase probably did not river in mind.s it is one of the world's most polluted waterways. >> twice eight day -- twice a day he heads out to do one of the world's dirtiest jobs. on a good day he can scavenge six kilograms of plastic, earning him six dollars. >> the income i get from collecting garbage is more than enough to buy food and other daily

there have been major, major famines in asia that have resulted in smaller populations. physically, a lot of southern asians are smaller. so, they're small physically. they were small economically, but that is changing. they were weak geopolitically which was also changing. all of this stuff is changing and with the economics going up and the political power increasing, that will translate down into other things like physical size. and, so, anyway, one of the stereotypes is that sense of asia and asians being small, which ignores a large chunk of the last 2,000 years in which asian civilizations were the preeminent civilizations on the planet. >> i wonder to what extent you think those changing realities, those changing dynamics that you just referenced will change the story and the image of asians and, in particularly, asian men because, you're right, economically. china is all that and then some. but it's not just politically, i think, for example, of your countrymen, who mani pacia. this guy is, you know, has a fan base around the world who is just big ring, more ofte

. >>> investors in asia are waiting for the outcome of the federal reserve's policy meeting. it's scheduled to be released later on in the day. most major benchmarks across the region finished higher. investors took heart from renewed speculation that the fed will keep its interest rates low for a considerable time. chinese equities ended higher. media reports say the people's bank of china is injecting 100 billion yuan. that's about $16 billion, into each of the country's five major state-owned banks. this action follows some recent lackluster economic data. and in hong kong, shares of these banks, including bank of china, and bank of communications, rose sharply. the hang seng index climbed 1% finishing at 24 sshs 376. the first raise in nine days. also indonesian shares showing a strong performance. the key index finished up by 1.1%. foreign investors were optimistic about the country's reforms under the incoming en they poured money into select shares such as telecom indonesia. tokyo's nikkei average shed more than a 10th of a percent to finish at 15,888. that makes for a

forces across asia and expressed concern about the issue. our estimation today has been about 1,000 aspiring fighters that moved from this region based on our overall assessment. that number could get larger as we go forward. >> locklear acknowledged that the u.s. military is working closely with allies and partners to share information about this problem. india's foreign minister says a military standoff on the him lay yan border with china has been resolv resolved. she made the announcement after meeting her chinese counterpart. india military officials accuse chinese troops of setting up a camp 3 kilometers inside territory claimed by india, more than a week ago. >> translator: i'm happy to inform you that both nations sat down and resolved the issue. the time lines have been decided and chinese troops will start withdrawing from the 26th. the relevant personnel from both sides controlled the situation through timely communication. as foreign ministers said, the situation has been properly controlled for the time being. the border region

let's get a check of the markets. >>> every morning investors turn attention to asia. the tokyo market leads the way. markets around the world follow. >> from the decisions that could change the course of an economy. >> companies at forefront of change. >> up to the minute market reports. >> analysis by specialists from around the world. >> get all the latest business news in insight everyday here on news line. >>> japanese researchers are doing something they've never done before. they've unveiled a plan for clinical test on a drug created with reduced stem cell or ips cell technology and anticholesterol stats to aid in bone growth for people with dwarfism. the team is led in japan by the professor. they derived cells from the patients with abnormality in cartilage growth resulting in cells. they found the cells multiplied and began producing cartilage tissue. they compared it to mice with dwarf i678 and found bones grew to almost normal length. medical authorities will study whether it's safe for children. they plan clinical tests on a new drug in the next two years.

the philippines can also lower labor costs compared to most other asia nations. and the high birthrate meant there were no concerns of a labor shortage any time soon. so the economy grew by more than 7% last year. business in the local shopping center near to this factory district has begun to expand. moegs of these eat ris used to close at 9:00 p.m., but now they stay open all night. the search has seen a huge increase in customer who is eat late. cab and penny cab drivers also come here to eat. >> it's 10:30 and the first round of profitable time slots for this noodle shop has just befun. this shop specializes in a local noodle soup dish called mame. at around 50 yents a serving, the dish is also a popular takeout food. >> this lady is off to have a drink and ebb joy the noodles with her colleagues. the store quickly fills up and 50 servings of mame are sold in under 30 min you wills. shi opened the store about 10 years ago. her full scale, late-night operations started three years ago. her seven daughters work as her staff. the family lives in the same buildin

when we really start pushing into asia hard and running that end of our operations. david: wow. >> and, it doesn't scare me so much to operate in china because i, well, i think i have a lot of friend there. we'll see when the time comes. david: now what happens when jack ma, sets his sights on the u.s.? i assume he will be consumed with building, building what he has in china right now, but, when he does come to the united states, and starts competing with you, do you foresee any problems? do you think you might have to change your approach to your business because of what alibaba might do here if. >> well, our approach is always evolving. they're coming in with 11 main. they will have to build a brand for 11 main. they have deep pockets. they will throw in the money for a while. we're home goods furniture, a lot which is made in the u.s. it is an area hard to compete. amazon, for example, kind of pulled out of the heavy furniture area of the market because it is so hard to -- i doubt the thrust of alibaba's competition will be against us. it will be against other pe

natural gas prices, a third in europe and asia, a great place to build a plant. if they look at it and say the price disparity is going to go away or we go back to a period of volatility, which we saw a lot of, that will scare them away and mean a lose of jobs. from a commodity perspective, it's weird. oil is the aim price at the price per barrel. natural gas isn't, we don't move it around as easily. >> to move it around, you need to build a pipe line, and we don't have a pipeline under the atlantic or put it into a giant ship, take it down to negative 236 degrees. the shin ear plant, the price tag is sa-20 billion. these are expensive facilities. >> let's talk about the situation in europe, they could use the natural gas, it's cheaper than russia's, and you could have sanctions that you wanted. you could put the screws to russia to stop expanding across eastern europe. they can't. we don't export it and they don't have enough ports to bring it in. >> building the ports is simple. to build the export terminal, it's so expensive you need long term contract. all th

taking a look at other markets in asia, many major benchmarks finished in negative territory. although the shanghai market rose for a sixth straight day. investors there adjusted their positions ahead of a key u.s. jobs report. in seoul, the kospi shed 0.3, finished at 2,049. weighing on the index was exporters. they remained under pressure on worries about sluggish global demand. south korea's markets will be closed from monday through wednesday for public holidays. and in china, the shanghai composite saw gains today. this made a weekly gain of nearly 5%. the biggest so far this year. earlier in the week, beijing unveiled a set of measures to support the shipping industry. and this continued to lift shares of port operators and related transport companies. >>> a key japanese economic indicator rose in july for the first time in two months. but the rise was pretty modest, and the government has kept its assessment of the country's economy unchanged as showing a standstill. officials at the cabinet office say that the coincident index stood at 109.9 for july, that's against a

shares of many companies will be going ex dividend friday. >>> looking at other markets across asia. they finished mixed today. some investors were mixed about the improving economy. the shanghai composite edged up under a tenth of a percent gaining a third straight day. reports of chinese authorities to likely soon approve the construction of power plants. this did cap the upward month men the tum. in taiwan, the index seen declines of under 1%, 9,011, lowest point in months. this sapped the investor ace risk taking. there was caution ahead of the quarterly announcement by taiwan's central bank. >>> managers at japanese firms are paying more for services two pay for each other. the prizes rose in august for the 14th straight month. analysts at bank of jaf pan released the monthly services produced index. it rose 3.5% in august. excluding price increases from the consumption tax price hike still up 14%. it was raised in april five to eight percent. con -- in general they're rising moderately. they're closely watching the weakening yen and the situation. >>> officials at the airs are

many people in east asia consider the eel to be delicacy. in june, the conservation group put it on the species list. they are raised until they are mature enough to eat. delegates from japanese, china, south korea and taiwan are taking part in the conference. it is time to discuss the framework for eel resources. japanese representatives are proposing the farmers reduce the fish by 30%. other delegates are considering similar restrictions. participants are discussing thousand set reduction targets for each area. >>> u.s. military commanders have expanded offensive of the group of the islamic state. they launch fresh air strikes in iraq. including one near baghdad. officials with the u.s. central command said pilots bombed targets on sunday near the northwestern town of sinjar. they were fighting iraqi forces southwest of baghdad. president obama said last week he was broadening the campaign to destroy the militant group. he said the strategy is beyond protects u.s. citizens. the president said the u.s. will deploy 75 additional service memb

in asia, people have been living with the fear of tsunami's for a very long time. it will be 10 years this december since the huge tsunami wreaked havoc in many parts of asia when giant wes

we wrap things up with a look at east asia. i want to direct your attention down toward the philippines. you can see here the cluster of cloud cover. this is a low-pressure system, but there's just enough juice down here to where this may become more of a tropical development. we'll be keeping an eye out on that. toward the north into japan, we have a stationary front that's formed. we had a very nice day on sunday. now we're switching over into that rainy situation. it's going to stay like this as we go to tuesday. i think we'll start to dry out gradually by wednesday. back toward the west into china, we have a couple low-pressure systems bringing a lot of rainfall. look out for some downpour possibilities. eventually that will spread toward the east, bringing some rain yet get to japan later on in the week. temperatures anywhere from 28 in seoul to 27 in tokyo. shanghai, you'll be dealing with some rain on tuesday. hope you have a good day wherever you are. here's your extended outlook. >>> visit our website for feature stori

not just in america but when you talk about russia, asia, latin america. rising business leaders are excited to work. gdp? you need 3% or 4% could your entrepreneurial vision work in a 2% america? >> the question is not about gdp. the question is about to why have the resources to thrive? ton you talk about access capital and access to talent and being able to sell your goods and services to false in your community --to folks in your community. casey, with us for the hour. coming up on "surveillance," beijing refuses to give hong kong the right to choose its leaders. what does it mean for hong kong's status as the financial center in asia? ♪ >> good morning, bloomberg "surveillance peer for an interesting moment in our 9:00 hour. steve miller, aig chairman, "in the loop" with betty liu. mosche did. this is bloomberg "surveillance," with me, scarlet fu and adam johnson. showsna's ruling democracy in hong kong has limits. china will effectively select which leadership candidate people in hong kong can vote for. joining us from hong kong is anson chan's the

in asia, people have been living with the fear of tsunami's for a very long time. it will be 10 years this december since the huge tsunami wreaked havoc in many parts of asia when giant waves submerged coastal areas. here in europe, too, there are places threatened by destruction of giant waves. norway is famous for its fjords. one of the most famous ones could soon see the end of its idyllic life if authorities are right and a disaster is looming. >> re: a unesco world heritage site and one of norway's most popular tourist spots, but somewhere in all of this beauty is a disaster waiting to happen. yet, nobody knows when. >> all the houses below the altitude of the church will be swept away. there will be a soon on me that destroys most of the people here. we are responsible to warn these people so they can evacuate before the sunol me is coming. >> this team leader for norway's geological survey's biggest concern right now is a mountain about 18 calamitous from a town. it's 54 cubic meters of rock are on the move. they've installed equipment to monitor changes in

let's move over toward he eastern asia now. show you on the satellite picture here. we have our latest tropical storm. i know it looks like it's heading toward japan on your three-day forecast but as we look ahead toward the five-day forecast it turns to the northeast, missing mainland japan. so this is good news, this is going to be having an indirect impact talking about the fall-like temperatures, what's going to happen is this is going to move off and as it does it pulls in the cooler dryer air behind it. high pressure's going to be dominating much of japan and korea through the weekend. but monday and tuesday these temperatures you see in the mid 20s they could be dropping into the low 20s, even highs pushing into the teens for some of you out here. you think of autumn, though, you're going to start to think about the foliage and the changing of the seasons. october 20th that's when you typically see it across much of 40kdo but i think with this next cold snap we might be seeing some areas in the higher elevations if you want to see the trees change colors you c

the latest on the relief efforts in south asia. >>> welcome back to cnn. next week voters in scotland will decide in they want to remain in part of the united kingdom or pursue independence and for the first time, one poll shows a narrow majority support the breaking away. it's been a remarkable surge in support for independence. for months the polls indicated the nationalists were headed for defeat but now it's just too close to call and has raised the prospect scotland could end its 307-year union with england. this has been a wake-up call for the british government which is now promising a range of new powers for scotland mostly to do with taxation and expenditure should it decide to stay. for more we go to john curtis. the editor of what scotland thinks and professor, thank you for being with us. never a good idea to put too much stock in one poll but clearly it seems the yes campaign is in a much better position than ever before and what's driving that? >> well, you're quite right certainly. it's in at least as good a position as any point of the camp

wrapping things up with a look at east asia. you notice a lot of cloud cover over the korean peninsula, already 100 millimeters of rainfall has fallen in this area, and that is continuing to spread toward the east. so western japan, and hokkaido into northern japan you'll be seeing the rain falling as we go throughout thursday, and then eventually by the weekend in the kanto plains you'll be seeing the rainfall as the front pushing toward the east. you'll see the rain in seoul. also back toward the west the monsoonal front continues to be a big problem. chongqing a high of 24. here's your extended outlook. >>> and that's all for now on this edition of "newsline." i'm raja pradhan in tokyo. gene otani will bring you the latest at the top of the hour. thanks for joining us on nhk world. >> you are watching france 24. time now for 60 minutes live around the world. these are the headlines this hour. barack obama is in estonia. he is giving a firm show of support for nato's newest members in the face of russia's growing pressure on u