-
(单词翻译:双击或拖选)
The Beijing Hour
Evening Edition
Shane Bigham with you this Monday, July 14th, 2014.
Welcome to the Beijing Hour, coming to you live from the Chinese capital.
Coming up on the programme this evening...
Chinese President Xi Jinping is on his way to Brazil for the latest summit involving BRICS nations...
Calls for a ceasefire on the Gaza Strip continue, but Israeli warplanes continue to target Hamas militants...
And hundreds gathered in Tokyo to protest changes to Japan's pacifist constitution...
In business, the Chinese government is taking steps to boost the sales of electric vehicles...
In sports, Germany wins the World Cup...
In entertainment, tougher regulations for streaming videos in China...
Weather
Beijing will be clear tonight with a low of 23 degrees Celsius. It will be sunny tomorrow with a high of 34 degrees.
Meanwhile Shanghai will have showers tonight, with a low of 24, tomorrow showers, with a high of 27.
Chongqing will see some rain tonight, 24 degrees the low, tomorrow rainy with a high of 29.
Elsewhere in the world, staying in Asia
Islamabad, cloudy with a high of 39.
Kabul, sunny, 32.
Over in Australia
Sydney, slight rain, high of 17.
Canberra, slight rain,11.
Brisbane, slight rain, 20.
And finally, Perth will be rainy with a high of 17.
Top News
Interview on the influence of the BRICS Bank
Anchor:
Chinese President Xi Jinping is visiting Brazil to attend the Sixth BRICS summit in the South American country.
It is expected that details of the long-discussed BRICS bank will be finalized.
The bank will have capital of 50 billion US dollars with each country contributing $10 billion.
The central banks of the BRICS countries are currently working on creating the operational aspects of the program.
The establishment of a BRICS contingency reserve is also high on the agenda.
The reserve, with a total volume of 100 billion US dollars, is expected to work as a way to ease short-term liquidity pressure and strengthen financial stability in a currency crisis.
The bloc accounts for over 40 percent of the global population and has a combined GDP of $24 trillion.
For more on the BRICS Development Bank, we are now joined live on the line with Professor He Weiwen, a senior fellow at the Chongyang Institute for Financial Studies of Renmin University.
Back Anchor:
That was Professor He Weiwen, a senior fellow at the Chongyang Institute for Financial Studies of Renmin University.
Israeli offensive enters seventh day amid calls for ceasefire
Anchor:
The death toll in Gaza is now over 170 as Israeli forces hit the region with air strikes for the seventh day.
The offensive comes amid intensified international call for a ceasefire.
CRI's Cao Yuwei has more.
Reporter:
Smoke can be seen rising from several locations near the Gaza Strip as Israeli air strikes continue.
Three training facilities of Hamas's military wing and several buildings in Gaza City were hit on Monday.
The moves come after the UN Security Council unanimously approved a statement urging for calm and new peace talks.
But Israeli Prime Minister Benjamin Netanyahu says the offensive will continue until the Israeli goal is achieved.
"Well, first let me say what the mission is. Our mission is to restore a sustainable quiet, sustainable security to our people by seriously degrading Hamas and other terrorist groups' capabilities in Gaza. I think we are proceeding and it will continue until that goal is achieved."
Israel has launched over 1,300 air strikes since the offensive started.
On Sunday, Israeli navy commandos raided Gaza in the first ground assault of this latest offensive.
Earlier, about 17,500 residents of Gaza in a northern border town fled from home, after Israeli military warned it planned to intensify air strikes against suspected militants who have been launching rockets into Israel from Gaza.
Palestinian President Mahmoud Abbas has already appealed to U.N. Secretary-General Ban Ki-moon for international protection for the Palestinians.
"We wish for a speedy response because the situation has become unbearable, because the Israeli offensive is relentless day and night, because of the hundreds of dead, thousands of injured and enormous destruction. We submit this request and hope that the Secretary General considers it and speedily responds."
Ban Ki-moon calls on the two sides to take "immediate measures" to end the fighting in the Gaza Strip.
Hamas militants have fired nearly 1,000 rockets at Israel, causing injuries and damage to property, but no fatalities have been reported among Israelis.
The intensified conflicts have sparked protests in Muslim countries, as China and other nations also seek an end to the military action.
Chinese Middle East envoy Wu Sike, who is currently on a Middle East tour, has urged the two sides to resolve conflicts through peace talks.
Germany and the United States are also calling for peace but so far neither Israel nor the Palestinian militants show signs of agreeing to a cease-fire.
For CRI, I'm Cao Yuwei.
Police use tear gas as violent clashes break out near Obelisk monument
There were jubilant screams and shouts, fireworks in the air, and lots of beer in Berlin after Germany' s victory in the World Cup final.
Hundreds of thousands of football fans in the capital gathered at the Brandenburg Gate for the celebration.
"My mind is blank. I just knew we would be the champion! I don't know! It's unbelievable."
Meantime, in Argentina, fans gathered at the iconic Obelisk monument in the city of Buenos Aires.
Despite the disappointment, fans chanted and danced in the streets in celebration of reaching the final.
Some violent fans clashed with riot police who used pepper spray and tear gas on the unruly mob.
Police said 20 officers were injured and at least 60 people were arrested.
But for the majority of fans who gathered at the Obelisk to watch the game, it was a peaceful event.
Sergio Antonio Sosa, an Argentine supporter.
"To the Germans I would say, well, this time they were lucky, next time I don't know how lucky they will be. I don't want to lie, they deserved to be in the final match, just as we did. We had more chances and they were lucky."
And for more on this morning's World Cup final, we have details coming up in the Beijing Hour's sports section.
Hundreds of Japanese protest against Abe, collective defense
Hundreds of protesters gathered in Tokyo on Monday to protest the government's move to alter Japan's pacifist constitution.
The group, estimated at around 400 people, gathered at the back of the Diet building, the seat of the Japanese government.
They are against Prime Minister Shinzo Abe's goal of enabling Japan to engage in wars to aid the country's allies, even when Japan itself is not threatened.
Japan's constitution enacted after World War II has forbade the foreign deployment of troops and the country's army has existed for the sole purpose of defending Japan from an attack on home soil.
Recent polls in Japan indicate that more than half of the country's voting population is against Abe's reinterpretation of the constitution, which was approved by the Japanese cabinet on July 1st.
Russia threatens Ukraine with consequences over shelling
Russia has threatened Ukraine with irreversible consequences after a man was killed by a shell fired across the border from Ukraine.
Russia says the shell hit the courtyard of a residential building in Russia's Rostov region.
Moscow describes the incident as aggression that must be met with a response.
Ukraine has denied firing into Russia's territory, saying such an attack could have been the work of rebels trying to provoke Moscow into intervening.
The rebels also deny they are responsible.
The incident comes as Ukrainian government forces clash with rebels outside the eastern city of Luhansk.
It is reported at least 15 civilians have been killed.
Rebel claims that government forces tried to storm the city with tanks.
Over 1,000 people are believed to have died in the fighting since April.
Parliament delays efforts to reach agreement across political spectrum on government posts
Iraq's parliament has failed to break a political deadlock which is holding up the formation of new government.
Parliamentary officials have delayed their efforts until Tuesday to reach an agreement between the country's Shi'ite, Sunni and Kurdish politicians on the posts of prime minister, president and parliamentary speaker.
Prime Minister Nuri al-Maliki is seeking a third term but is facing many challenges.
The main Sunni bloc has put forward Salim al-Jabouri as their candidate for parliamentary speaker, but accused Maliki of effectively torpedoing their proposal.
Outgoing speaker Osama Nujaifi
"The alliance of Iraqi forces presented Dr. Salim al-Jubouri this morning as a candidate for parliament speaker, and we are ready to vote on this candidate. I kindly ask the other political blocs to present their candidates for deputy parliament speaker as well as for the other posts of prime minister and president at the nearest time. "
The U.N. special envoy to Iraq, Nickolay Mladenov, says the country could plunge into chaos if parliament fails to move forward on a government.
Violent deaths last month reached more than 2,400 -- a level comparable to the worst of the bloodshed seen during Iraq's 2005-2008 sectarian war.
No breakthrough in talks on Iran nuclear program
Talks connected to Iran's nuclear program this weekend in Vienna have not resulted in a breakthrough.
However, the key players involved in the talks say they will continue until the July 20th deadline.
German Foreign Minister Frank Walter Steinmeier says the ball is in "Iran's court now".
"It is now up to Iran to decide whether to take the path of cooperation with the international community or if it wants to stay in isolation. I hope that the days left until July 20 will be used for further reflection in Teheran and that will lead to the signing of the comprehensive agreement but the ball is in Iran's court."
China is being represented at the talks by Vice Foreign Minister Li Baodong.
"Of course we have some difficulties, some hurdles so that is why we have to work together and in the spirit of cooperation and mutual respect so we urge all the parties to show their flexibility and a political will to reach an agreement as soon as possible and also we have hope, and hopefully that we can achieve that."
Iranian Foreign Minister Mohammad Javad Zarif.
"I will commit to everything and anything that would provide credible assurances for the international community that Iran is not seeking nuclear weapons, because we are not. We don't see any benefit in Iran developing a nuclear weapon."
There is growing speculation the July 20th deadline for an agreement will need to be extended.
The 20th is when a six-month interim deal will come to an end.
The parties are aiming for a deal that will limit the scope of Iran's nuclear program in exchange for a full end to nuclear-related sanctions against Tehran.
Heavy fighting near Libya's Tripoli airport leaves seven dead
The Libyan government is condemning the outbreak of violence among rival militias near Tripoli's airport that has left 7 dead 36 injured.
Explosions and anti-aircraft gunfire engulfed the area for most of the day on Sunday.
A spokesperson for Prime Minister Abdulllah al-Thani has read a statement, denouncing the attacks.
"Within the suburbs of Tripoli, there are military operations currently being led by field commanders who belong to battalions and forces loyal to particular areas in Libya. These forces are exercising without any orders, or legitimate cover (from the government), and from multiple locations, are bombarding and conducting military operations that threaten everyone. Particularly the civilians in their homes."
The fighting comes amid growing tension in Libya, where the government has failed to control the militias that were instrumental in toppling the regime of former leader Muammar Gaddafi.
"The government has given orders to both the ministry of interior and the army to secure the capital's streets and neighborhoods, as well as vital locations and installations. The government has also declared a state-of-emergency within all hospitals and healthcare facilities."
An aircraft belonging to Libyan Airlines and a transport aircraft have been badly damaged.
The uptick in violence comes ahead of the release of the parliamentary election results.
Biz Reports
Anchor:
First off, a quick look at the business numbers across Asia.
Joining me on the desk, CRI's Ding Lulu.
Reporter:
Asian shares rose Monday as traders awaited a flurry of key economic data this week including Chinese growth figures that will shed light on the strength of the world's second largest economy.
Chinese shares closed higher on Monday, led by a surge in new energy-related shares as authorities unveiled a plan to encourage government organs to buy more new energy vehicles. We'll come back to the details of it later in the business section.
Boosted by the news, shares including those related to charging stations and lithium batteries rallied across the board.
Both the benchmark Shanghai Composite Index and the Shenzhen Component Index gained 1 percent.
Hong Kong's Hang Seng added half a percent.
Japan's Nikkei gained 0.9 percent on bargain-hunting after a five-day decline.
South Korea's KOSPI edged up 0.3 percent.
Singapore's Straits Times Index trimmed 0.1 percent.
Australia's ASX all ordinaries added 0.4 percent.
China Requires 30% of Government Cars to Be Electric
Anchor:
China has announced new subsidies and other inducements to get government officials and agencies to buy energy-efficient vehicles, part of a new effort to boost this automotive sector.
And along with measures to fight pollution and cut energy by exempting electrics from a purchase tax, China is mandating that electric cars make up at least 30 percent of the government fleet by 2016.
The new rules say subsidies will be offered to government and public agencies for purchasing vehicles that cost less than 180,000 yuan. That's under 30,000 US dollars, subsidies included.
Local governments will be asked to build charging stations and other needed infrastructure.
Last week, China announced the waiver of a 10 percent purchase tax for new-energy vehicles, excluding them from the levy beginning Sept. 1 to the end of 2017.
For more on this, I spoke with Professor Lin Boqiang, Director for China Center for Energy Economic Research, Xiamen University.
Back to Anchor:
Professor Lin Boqiang, Director for China Center for Energy Economic Research, Xiamen University.
GSK China's private-eye agents indicted in Shanghai
Chinese authorities have indicted British and American investigators hired by GlaxoSmithKline on charges of illegally obtaining and selling private information.
Prosecutors in Shanghai filed charges against British investigator Peter Humphrey and his wife Yu Yingzeng, a US citizen, at the city's No. 1 Intermediate People's Court.
They were hired by GlaxoSmithKline China's Mark Reilly as private eyes in 2013.
It is the first time foreigners have faced such charges in China.
The defendants admit to having used illegal means to conduct the investigation.
"I deeply regret having offended any Chinese law. It certainly was not our intention to violate Chinese law or to cause any harm. If we have broken Chinese law then I feel very ashamed about that and I'm regretful about that and I apologize."
"I thought it was a grey zone at first. Now I have come to know that there is actually a law regulating this. So I know I was wrong."
Prosecutors have found that the couple illegally trafficked a huge amount of personal information on Chinese citizens to seek profits
Glaxo said it hired Yu and Humphrey last year to investigate a security breach involving a top manager.
Xinhua news agency says the couple's rights in custody have been well protected and they have seen their attorneys several times.
Local courts will hold hearing about the case soon.
The ambassador to Brazil offer advice for Chinese enterprise in Brazil
As part of the Chinese President Xi Jinping's stay in Brazil, he is expected to hold talks with Brazilian President Dilma Rousseff and the two leaders will ink agreements on trade and infrastructure during his state visit to Brazil.
Many Chinese enterprises have invested in the South American country and have thus become an important driving force for relations between the countries.
China's investment has totaled more than 20 billion U.S. dollars in the past five years.
Li Jinzhang, the ambassador to Brazil, suggests that when it comes to investment in Brazil, Chinese enterprises need to be prepared.
"When it comes to investment and development, Chinese enterprises need to adapt to Brazil. Brazil has high demands for them and Chinese companies need to enter the market strongly. Otherwise, they should not come to Brazil. Chinese enterprises need to be prepared for long-term and strategic investments. And they should have professional talents and hire professional companies or lawyers to offer legal consultation and support. "
Brazil has become the largest trade partner to China both in Latin America and within BRICS nations, while China has emerged as the largest trade partner to Brazil.
The development of Chinese enterprises in Brazil has also stimulated China's banking industry, with several large banks starting operations in the South American country.
China's H1 fiscal revenue up 8.8 pct
China's fiscal revenue rose 8.8 percent year on year to 7.5 trillion yuan or 1.2 trillion U.S. dollars in the first half of this year.
The Ministry of Finance says in June alone, central government revenue stood at 547.7 billion yuan, up 5.8 percent year on year, while local government revenue amounted to 798.4 billion yuan, up 10.9 percent from the same period last year.
June's fiscal revenue increased 8.8 percent year on year to 1.35 trillion yuan, accelerating from a 7.2-percent rise in May.
Headline News
Interview on the influence of the BRICS Bank
Chinese President Xi Jinping is visiting Brazil to attend the Sixth BRICS summit in the South American country.
It is expected that details of the long-discussed BRICS bank will be finalized.
The bank will have capital of 50 billion US dollars with each country contributing $10 billion.
The establishment of a BRICS contingency reserve is also high on the agenda.
The reserve, with a total volume of 100 billion US dollars, is expected to work as a way to ease short-term liquidity pressure and strengthen financial stability in a currency crisis.
After the summit, the president is also due to kick off a series of state visits in Brazil, Argentina, Venezuela and Cuba.
Israeli offensive enters seventh day amid calls for ceasefire
The death toll in Gaza is now over 170 as Israeli forces hit the region with air strikes for the seventh day.
The offensive comes amid intensified international call for a ceasefire.
But Israeli Prime Minister Benjamin Netanyahu says the offensive will last for a longer time.
Israel has launched over 1,300 air strikes since the offensive started.
About 17,500 residents of Gaza in a northern border town have fled from home.
North Korea Fires Artillery Shells into Eastern Waters near Sea Border
South Korea says the North has fired a fresh wave of artillery shells into its eastern waters.
The shelling, launched on Monday, is said to have originated from a border town north of the demilitarized zone, some 200 km northeast of Seoul.
The shells landed near the disputed sea boundary between the two Koreas in the East Sea.
Yonhap News Agency reported earlier that about 100 rounds were launched.
The number cannot be confirmed yet.
It was the the 15th launch of missiles or artillery shells from North Korea so far this year .
Hundreds of Japanese protest against Abe, collective defense
Hundreds of protesters gathered in Tokyo on Monday to protest the government's move to alter Japan's pacifist constitution.
Around 400 people gathered at the back of the Japanese government.
They are against Prime Minister Shinzo Abe's goal of enabling Japan to engage in wars to aid the country's allies, even when Japan itself is not threatened.
Japan's constitution enacted after World War II has forbade the foreign deployment of troops and the country's army has existed for the sole purpose of defending Japan from an attack on home soil.
Victims' families compensated following kindergarten bus accident
The families of 10 of the victims of a deadly accident in Central China's Changsa last week have been compensated.
An overloaded van full of children from a kindergarten crashed into a reservoir on Thursday.
The families of 8 children killed in the accident have each received 560-thousand yuan, the equivalent of nearly 90-thousand US dollars.
The families of two teachers who died in the accident have each received 680-thousand yuan.
Police are still investigating whether the driver's actions played a role in the accident, so compensation for the driver's family has not yet been decided.
Newspaper Picks
Xinhua
China bolsters government presence on WeChat
Chinese government agencies are opening more accounts on WeChat, an instant messaging application.
This move aims to increase the government's online presence in a fast-changing age of social networking.
This happens as both central ministries and lower-level government agencies have been using WeChat to interact with netizens on public issues.
According to the report, the country's public security system holds 30.3 percent of total governmental accounts, the largest portion.
However, problems still remain in operation, such as timely information disclosing, and interaction with netizens.
--
China Daily
Classes offered to students with HIV
A school for HIV-positive children in Linfen, Shanxi province, will provide senior high school education after arranging for students to take the entrance exams for the first time.
Guo Xiaoping, head of the Red Ribbon School and president of the Linfen No 3 People's Hospital, which specializes in treating contagious diseases, said 16 students in the school have taken the senior high school entrance examination.
According to Guo, teachers will start teaching the students senior high school courses at Red Ribbon after Sept 1.
The 16 students took this year's Shanxi senior high school entrance examination from June 20 to 22.
The Red Ribbon School was set up in 2006 in what was a ward to treat HIV/AIDS patients. It now has 25 students.
--
Channel News Asia
Carbon emissions causing southern Australia to dry
A research shows that greenhouse gases and depletion of the ozone layer are causing southern Australia to become drier.
US Scientists said that southern Australia suffered a decline in rainfall that began around 1970 and increased over the next four decades.
The trend is likely to continue over most parts of the vast region for decades to come.
The rainfall data were fed into a new high-resolution computer model that simulated natural and man-made impacts on the global climate system.
Earlier the World Meteorological Organization said record high temperatures in 2013 would have been "virtually impossible" without human emissions of heat-trapping greenhouse gases.
The 2013-2014 summer saw sweltering temperatures in Perth, in the southwest, and Adelaide, in the south, while Sydney went through its driest summer in 27 years.
--
Sky News
UK cab driver first to take app fare only
A London cab driver has become the first to accept payment only from a mobile phone app as part of a new trial.
Ian Cable will only accept payment via the Barclays PingIt app during the five-day trial, following on from also being the first cabbie to use chip and pin as a form of payment back in 2004.
According to a prediction, by 2020, 20 million adults will use their smartphones to pay for goods.
During the trial, passengers who take Cable's black cab will be able to make a Pingit payment by using the QR code reader built into the app, and scanning a unique code inside the taxi.
The app works for anyone, regardless of who they bank with.
Special Reports
China Farmer Transformer Robot
Anchor:
The buzz surrounding the Hollywood hit "Transformers: Age of Extinction" here in China has inspired a group of villagers to give up their day-jobs to create robots.
CRI's Li Dong has more.
Reporter:
In Xiaoye Village, a small town in east China's Shandong province, Wang Shizun stands on a ladder to put the finishing touches on a sculpture. It's one of his team's latest creations.
But this isn't a classical figure study or even a piece of abstract art - it's a three-meter tall futuristic robot inspired by movies such as Transformers.
Wang guides a paint sprayer around the robot's chest, adding bursts of color to the metal form. It's the last stage in a process that begins with a careful plotting of the robot's features.
"Once we have the structure, all the parts are welded and assembled by piece according to the blueprint. Later, we will clean up the sculptures so that they are ready for painting. The paint colors are selected and mixed by ourselves and are rust-proof."
Movies like the "Transformers" series have been huge hits in China. The latest movie in the series, Transformers: Age of Extinction opened in China to a record box-office weekend haul of over 600 million yuan, that's almost $97 million USD.
As a result, the workers' robot sculptures are in hot demand across China. This 16-meter tall creation stands outside the Dreamport Mall in suburban Beijing.
People stop to stare and take photos of the huge figure. Children and teenagers pose in front of it for photos that they will post for their friends to see on Chinese social media websites.
Yin Xuecheng is one of those stopping to check out the enormous robot.
"I've never seen models like these before. I've seen a few smaller sculptures but I've never seen something as tall as these. This is the very first time for me to see such big ones. I like them very much and took a picture for my girlfriend with these models just now," says Yin.
The biggest robots can cost as much as 100,000 yuan or $ 16,000 USD and take a month or more to make, but the team has no shortage of clients. They've already sold more than 100 of the sculptures.
Most buyers are commercial firms or property developers. They like to put the robots in public areas or new developments, like the mall in Beijing. It's a way to attract interest and attention.
This group of robots is ready to go to a buyer in Shanghai. It's a 15 hour drive from the village. Once they arrive, they will join the team's collection of the robots that have found new homes all across China.
For CRI, I am Li Dong.
Sports
Germany Win the World Cup
Of course the biggest sports news of the day is that Germany has won the World Cup, the greatest prize in international football.
The game was a battle of attrition against a defence heavy Argentina and the creative side of Joachim Low. It went goalless until just seven minutes from the end of second half added time but then Mario Gotze took Andre Schurrle's pass on his chest and cooley volleyed it to the back of the Argentine net, a moment that will now seal his place in German football history.
Just moments after the side earned their fourth World Cup title CRI's Paul James discussed the victory with Mark Dryer the founder of the China Sports Insider Website:
That was Paul James there speaking with Mark Dryer the Founder of the China Sports Insider website
Scolari resigns as Brazil boss after disappointing World Cup
Luiz Felipe Scolari, the coach of the Brazilian national team, is out of the job.
There had been some uncertainty whether he jumped or was push but Brazilian broadcaster Globo TV says he resigned after Brazil's poor showing at their home World Cup finals.
65-year-old Scolari, won the world cup in his first outing as Brazil coach in 2002, but this time they finished fourth, suffering humiliating 7-1 defeat to eventual champions Germany in the semi-final and a 3-0 loss to Netherlands in the play-off.
Scolari's contract with Brazil was due to end after the world cup, during which he said the final decision on his fate would rest with the president of the confederation.
Globo TV said his resignation will be confirmed later on this Monday by the CBF, Brazil's national football federation.
The coach has also had charge of Portugal and Premier League side Chelsea, among other sides.
Mo Martin scores surprise victory at women's British Open while men qualify
In Golf,
There are two major events that have just drawn to a close in the UK.
Firstly in women's golf Mo Martin earned a surprise victory at the British Open at Royal Birkdale.
The 31-year-old American shot an eagle on the last hole to snatch a one shot victory over Shanshan Feng of China and Norway's Suzann Petterson.
The world number 99 ended with a one-under-par round of 72.
Overnight leader Inbee Park of South Korea finished fourth at one over.
Further north it was Englishman Justin Rose who claimed victory at the Scottish Open.
The US Open Champion, who also won the Quicken Loans National event in the United States recently, continued his preparations for next week's men's British Open with a two-shot win at the Royal Aberdeen course, finishing the day on 16-under par.
Rose held off competition from home favourite Marc Warren, who finished in third on 11-under par, and Sweden's Kristoffer Broberg, who finished two shots behind Rose on 14-under par.
Defending champion Phil Mickelson had another good day, hitting a round of six-under par, to gain some momentum ahead of the British Open, another event he successfully won in 2013.
Rose's back-to-back victories have seen him rise to third in the world rankings.
………………………………………..
Meanwhile over in the US, Brian Harman clinched a late ticket to the British Open when he won the John Deere Classic by one stroke in Silvis, Illinois.
The diminutive left-hander carded a five-under-par 66.
Carmelo Anthony re-signs with New York Knicks
In Basketball,
High-scoring All-Star Carmelo Anthony has re-signed with the New York Knicks.
This gives team president Phil Jackson the foundation piece he needed to remount a title bid.
The terms of the deal have not been disclosed but under NBA salary cap rules the 30-year-old could sign a five-year contract for as much as $129 million.
It's thought however that he may accept less to give the Knicks more budget room to try and improve the team by shopping for other free agents.
The Knicks have not won an NBA crown since 1973, when Phil Jackson was a defensive-minded forward on the team.
Entertainment
Watchdog sets tougher regulation on streaming videos
China's media supervisors have issued a notice demanding some online video portals remove playbacks of TV programs, suggesting the authorities are stepping up the regulation of online video content.
Device suppliers and video websites without the corresponding licenses may not set up video portals, meaning the existence of their APPs on smart set-top boxes is in question.
Currently, it is possible to access all kinds of films and TV programs by simply installing the APPs of various online video portals on smart set-top boxes.
Last month, two Internet television set-top box providers in Shanghai and Zhejiang provinces were ordered to cut off download channels for some streaming videos, which are suspected of containing forbidden content.
Square Dance becoming a reality show " Big Town Dance" in Yunan
Chinese Dama square dance will become a reality show on Yunnan TV channel called "Big Town Dance".
"Dama," a word to describe middle-age woman, has been becoming popular worldwide.
It now particular refers to middle-age women who are over passionate, energetic, and quite often blind followers.
And square dance is famous for its uniform, consistent dancing steps and loud music.
Now this upcoming program "Big Town Dance" not only supports the Dama so they can continue their square dance, but even encourages them to bring their dance to Shangri-La, Yunan Province.
Before the program's even made its debut, it has already stirred up great disputes among individuals and experts.
Many people claim this form of dance has affected their daily lives with the over-loud music and sometimes the dancers taking up traffic routes.
However, the director of "Big Town Dance", Huang Juan, expresses a different view.
She thinks ground dancing can satisfy Dama's spiritual and cultural need and there shouldn't be too much blame.
Will.i.am bags 10th number in single in British charts
(will.i.am)
US rapper Will.i.am has secured his tenth number one in the British singles charts.
Going straight in at the top spot with his new release "It's My Birthday".
The song, featuring 17-year-old singer Cody Wise, follows hits such as Scream and Shout, This is Love and I Gotta Feeling, which he relaesed with his band Black Eyed Peas.
He's had four number one singles with the group since 2003, a track record he has now matched as a solo artist.
The rapper knocked last week's number one, Ariana Grande's Problem, down to number two, while Ella Henderson's Ghost fell to three.
In the album chart, Ed Sheeran spent a third week in the peak position.
And fresh from her Glastonbury music festival appearance, Dolly Parton climbed one place to number three with her album "Blue Smoke", making it the highest charting UK album of the singers career.
Neil Young and Crazy Horse cancel Israeli concert
Canadian singer Neil Young and Crazy Horse have cancelled their Israeli concert amid conflict.
(Young clip)
The singer's first Israeli show in almost two decades has been called off after Tel Aviv police were said to have feared for the safety of young and his fans.
As the region shudders with rocket explosions and missile attacks, the musicians said they "look forward to playing in Israel and Palestine in peace".
Young and his band said in a statement, "It is with heavy hearts and deep sadness that we must cancel our one and only Israeli concert," 30,000 people had bought tickets to the gig at Tel Aviv's Hayarkon Park.
Many activist groups had criticized Young's announcement of an Israeli concert, including a notable campaign by Pink Floyd's Roger Waters. After Waters' wrote a letter to Young, sent via the singer's manager, received no response.
In announcing the Tel Aviv concert's cancellation, Young said that he and Crazy Horse would be making donations to two charities, Heartbeat and the Louise Tillie Alpert Youth Music Centre of Israel.
Young and Crazy Horse performed in London over the weekend. Their next scheduled date is in Istanbul on Tuesday 15th July.
That's it for this edition of the Beijing Hour - a quick recap of headlines before we go:
Chinese President Xi Jinping is on his way to Brazil for the latest summit involving BRICS nations...
Calls for a ceasefire on the Gaza Strip continue, but Israeli warplanes continue to target Hamas militants...
And hundreds gathered in Tokyo to protest changes to Japan's pacifist constitution...
In business, the Chinese government is taking steps to boost the sales of electric vehicles...
On behalf of the Beijing Hour staffers, this is Shane Bigham in Beijing hoping you'll join us for our next edition of the Beijing Hour to open a window to the world together.