Welcome to the Beijing Hour, live from the Chinese capital...

Coming up on the program this evening...

China unveiling major plans to reform state-owned enterprises...

Chinese's Vice Premier Liu Yangdong heads to Europe to mark the 40th anniversary of China-EU ties...

And Malaysian authorities arresting 3 suspects in connection with last month's bombing in Bangkok...

In Business...a joint Chinese-Thai rail project being announced...

In Sports...Novak Djokovic walks away victorious as Flushing Meadows...

And in Entertainment...Minions breaks a major record in the Chinese box office...

Top NewsNew Guideline on China's SOE Reforms ReleasedAnchor:

Officials in China have pledged that the competence of the state-owned enterprises in China will be improved, and they will be turned into fully independent market entities.

This comes as China issued a new guideline on deepening SOE reforms yesterday, the latest move from the government to invigorate torpid SOEs.

CRI's Xie Cheng reports.

Reporter:

According to the guideline, major reforms in SOE's key areas will be achieved by 2020, when SOEs are expected to be more robust and influential and have greater ability to avoid risks.

Speaking at a press conference this morning, Zhang Xiwu, vice chairman of State-owned Assets Supervision and Administration Commission, says 6 major tasks will be focused on regarding the deepening of SOE reforms.

"We should promote classified reform, modernize SOEs, enhance state assets management, promote mixed ownership, prevent the state assets from erosion, and strengthen and improve the Communist Party's leadership of SOEs. The reform should also be conducted in an open and transparent way. The policy, schemes, measures and the process of the SOE reform must be made public and be monitored by the people."The basis and starting point of the reforms is to turn the SOEs into fully independent market entities, as well as to incite and release the enterprises' vitality.

The government will also consolidate and clean up some SOEs for better resource allocation.

One of the highlights of the guideline is that mixed-ownership reform becomes the most significant means to improve the SOEs' efficiency.

Lian Weiliang, deputy head of the National Development and Reform Commission, says multiple types of investors will be brought in by SOEs and encouraged to go public, though no specific timetable will be set.

"First of all, non-state firms will be encouraged to join the process in various ways, including buying stakes and convertible bonds from or conducting share rights swaps with SOEs. Secondly, SOEs will be encouraged to invest in their non-state counterparts. Thirdly, SOEs will also be allowed to experiment with selling shares to their employees."The mixed-ownership reform will promote new technology, management and business models for SOEs.

In the meantime, the guideline also mentions that SOEs will be divided into two categories, for-profit entities and those dedicated to public welfare.

The former will be market-based and stick to commercial operations and should aim to increase state-owned assets and boost the economy, while the latter will exist to improve people's quality of life and provide public goods and services.

For CRI, I'm Xie Cheng.

China issues guideline to deepen SOE reformsAnchor:

A new broad-based blueprint for the reforms of the State-Owned sector here in China have been unveiled.

A new document released by the State Council is suggesting at least some of the SOE's here in China are going to be privatized.

The thrust of the new plan involves turning some of the over 100 centrally-administered SOE's into mixed-ownership companies.

Authorities have not made clear how many of the state-run companies will be put under the public-private partnership scheme.

The framework suggests the plan is going to be achieved by 2020.

For more on the proposed changes to the SOE system, CRI's Paul James spoke to Mike Bastin, director of China Business Center based in London.

Back anchor:

Mike Bastin, director of China Business Center based in London, speaking with CRI's Paul James.

Chinese vice premier sets off for Europe tourChinese Vice Premier Liu Yandong has set off on Monday for the EU headquarters and Britain for a week-long tour.

Liu's visit comes as China and the EU mark the 40th anniversary of the establishment of diplomatic ties this year.

She will co-chair the third meeting of China-EU high-level people-to-people dialogue with Tibor Navracsics, EU Commissioner for education, culture, youth and sport.

China and the EU agreed to deepen their partnership during Chinese President Xi Jinping's visit to EU headquarters last year.

Liu will also head for Britain to co-chair the third meeting of China-Britain high-level cultural exchange mechanism with British Health Secretary Jeremy Hunt.

Liu's trip to Britain comes ahead of a state visit by President Xi Jinping.

The two dialogues with EU and Britain are aimed at expanding cultural ties, strengthening communication between the two peoples, and boosting cooperation in education, science, culture, sports, media, youth and health.

China-Switzerland ties maintain sound development momentum: Chinese ambassadorThis year marks the 65th anniversary of the establishment of diplomatic relations between China and Switzerland.

Chinese Ambassador to Switzerland Xu Jinghu says that bilateral relations between the two countries have always remained constant.

"No matter how the international situation is changing, the relations between China and Switzerland generally have maintained a sound momentum of steady development."Xu says that bilateral political trust has been deepening over the years with frequent high-level exchanges between the two countries.

A landmark free trade agreement between China and Switzerland came into effect in July last year.

Switzerland also plays an active role in the establishment of the Asian Infrastructure Investment Bank. And China Construction Bank's effort to set up a branch in Switzerland is progressing.

Xu says all these moves will promote cooperation in business between the two sides.

Chinese state councilor to attend climate summit in Los AngelesAs a special envoy of Chinese President Xi Jinping, State Councilor Yang Jiechi will attend the first China-U.S. climate-smart and low-carbon cities summit in Los Angeles from Sept. 15 to 17.

Foreign Ministry spokesperson Hong Lei made the announcement at a regular press conference on Monday.

Hong Lei has also announced that the third China-France High-Level Economic and Financial Dialogue will be held in Beijing on Friday.

According to the spokesperson, Chinese vice Premier Ma Kai and French Finance Minister Michel Sapin will co-chair the dialogue.

Topics to be discussed include financial cooperation, macro-economic policy and global governance.

U.S. experts express optimism about China's economyExperts in the U.S. believe that China's economy is in for an adjustment stage rather than a phase of recession.

Vice-president for studies at the Carnegie Endowment for International Peace, Douglas H. Paal, expressed his confidence towards the future development of China's economy.

"Because of the aftermath of China's very rough month of August when the economy stumbled a bit, a lot of people are drawing drastic conclusions that China's economy is in really bad shape and I think that's not correct. China's going through transition, but we should keep our expectations realistic but not pessimistic."For his part, Nicholas R. Lardy, a senior fellow at the Peterson Institute for International Economics, said there is a lack of evidence to say China's economy is going to slow down whatsoever.

He adds that very strong job creation as well as wage growth could be seen, meaning it's not likely that the economy is going into a big slump.

Agriculture ministers of China, Japan, South Korea to work together for sustainable growthAgriculture ministers from China, Japan, and South Korea have signed-off on a new agreement meant to promote sustainable agricultural growth, food security and financial cooperation.

The three ministers have signed a joint communique at a meeting in Tokyo to stop common problems that are burdening the farming industries in the three nations.

Officials at the meeting note China, Japan, and South Korea all face shortages in natural resources, young manpower, and small production scales.

China Provides Special Funds to Support China-ASEAN Internet CooperationA new fund is being set up to help build better internet and telecommunications infrastructure between China and Southeast Asia.

It's been announced at a China-ASEAN forum this past weekend in Guangxi's capital city of Nanning.

Xu Yu with the Chinese Cyberspace Administration says the fund is one of a number of projects which are being worked on among China and ASEAN countries.

"China and the 10 ASEAN countries have also been talking about how to better-develop cross-border payments and logistics. This coincides with the creation of a cross-border E-commerce park, as well as pilot projects in Guangxi."The so-called Information Harbor Initiative was launched last year.

It's meant to help establish better information sharing and trade among China and ASEAN countries.

Shanghai, Xinjiang doctors link up via telecommunication technologyAnchor:

Telecommunication technology is playing an important role in a project run by a Shanghai Medical Team to help doctors in northwest China's Xinjiang Uygur Autonomous Region to improve local healthcare services.

With the new technological support, local doctors from smaller hospitals in Xinjiang can now deal with tough problems through teleconferences.

CRI's Guo Yan reports.

Reporter:

Yaqupjan Abdurehim is a doctor working at Kashgar Prefecture Second People's Hospital in Xinjiang.

He consults with his Shanghai counterparts twice each week via teleconferences to discuss difficult medical issues in hospitals across the region.

"The outcome of the consultation will be delivered to the county-level hospitals, and they can also share medical resources with hospitals in Shanghai."Kashgar Prefecture Second People's Hospital, the largest hospital in the region, was established with the help of Shanghai doctors and officials who were in Xinjiang on aid missions.

The Shanghai Medical Team helped local hospitals to establish a teleconference network so that smaller hospitals can use teleconferences to consult on difficult problems.

Dr. Lu Renhua, from the Shanghai Medical Team said they have also trained doctors for local hospitals.

"We have taught them surgical skills. They can carry out operations on their own after learning the skills and passing the exam."The team's campaign is expanding in order to improve medical services in wider areas.

Wu Tao is the head of the Shanghai Medical Team"[Our campaign] has expanded from four to 12 counties. We have formed a medical team based in Kashgar through various methods, including televised technical training and telemedicine."Wu added that their campaign has helped to improve local healthcare and also reduced medical costs for patients in the region.

For CRI, I'm Guo Yan.

Opportunities and Challenges for Chinese Helicopter MakersAnchor:

New calls are being made to try to groom more domestic helicopter producers here in China.

This follows a major helicopter expo this past week in Tianjin.

CRI's Qi Zhi reports.

Reporter:

Many taking part in the now-concluded China International Helicopters Expo in Tianjin say they're excited about the possibilities in the helicopter market here in China.

Among them is Larry Roberts with US-based Bell Helicopter Textron.

"So if you look at the ratio, the possibility in China is tremendous. When it comes to provide service, provide air medical transport, provide fire prediction, provide security and aid relief in a major earthquake, helicopters can provide tremendous services in China and I'm sure this future is not far away."In China, Airbus Helicopters currently dominate, holding around 40-percent of the market share.

It's orders this year have doubled compared to last year.

Airbus is hoping to up its market share to 60-percent in the next 5-years.

Norbert Ducrot, President of Airbus Helicopters China, says they're also looking beyond just sales.

"Helicopter market in China is very competitive. You know the market is very open. Today, we need to develop our network of assembly center and training center to make sure that we can train properly all the pilots for the safety of the flights. We need to provide not only the helicopters for the customer, but also become a service provider to make sure the helicopter operator can operate and do business with its helicopter."The dominance of foreign helicopter producers in China is creating new calls for better domestic production.

Yu Feng with the Aviation Industry Corporation of China says China's domestic helicopter industry needs to step up.

"As the government gradually opens the low-altitude airspace, the civil helicopter market is going to grow. But are we ready for that? It's a challenge for us. China's helicopter industry needs to be more competitive in the years to come."Xi Jiasheng, researcher with the Aviation Industry Corporation of China, says the development of the local helicopter market will require outside help for now.

"We have to step up our game. But we're going to require outside help to start with. Our new AC352 model is the result of joint-cooperation with France. We need to learn both design and management experience from foreign producers."There are currently only around 700 non-military helicopters operational on the mainland, Hong Kong, Taiwan and Macao.

This is just 1.5 percent of the world's total.

For CRI, I'm Qi Zhi.

34 migrants confirmed dead after ship sinks off Greek coastAt least 34 migrants drowned as they attempted a wind-swept crossing from Turkey to Greece.

The wooden boat containing more than 130 people capsized off the coast of the small Aegean island of Farmakonisi.

Greece's coast guard officials say the boat may have tipped over in part because of wind gusts exceeding 50 kilometers per hour.

Coast guard spokesperson, Nikso Lagadianos, says 68 people were rescued from the water and another 30 survivors from the same boat were found on Farmakonisi.

"From the boat, we recovered 34 bodies in total. Three babies, five young girls, six young boys, 10 women and nine men."Details of the nationalities and ages of the victims of Sunday's sinking off Farmakonisi are not yet available.

The vast majority of refugees reaching Greece quickly head north to other countries, with Germany the most favoured destination.

EU states have so far failed to reach agreement over proposals by Commission president Jean-Claude Juncker to implement a mandatory quota system for accepting refugees.

Syrian refugees have a hard live in TurkeyAnchor:

So far over 110,000 Syrians fled to Turkey's border province Kilis, exceeding the number of local residents.

For those who have no special skills, life in Kilis is not easy for them.

CRI's XYee reports.

Reporter:

20-year-old Muhammad is lucky enough to work at a grocery shop as he can speak Turkish. His monthly salary of 800 Turkish lira, or 270 U.S. dollars, is enough for living expenses for his mother and himself.

He explains that, although the life of a refugee is more difficult in Turkey than that in Europe, he will stay in Kilis.

"European countries provide them with house and relief funds. So they want to migrate to Europe. Turkey doesn't provide these. Still I don't want to go there, because my family is here, and the way to Europe is too far and full of danger."Mahmoud, who has been living in Kilis with his family for four years, says he once watched his fellow countrymen migrate to Greece by boat.

"Waves are the main danger for the small boats. The so-called captain is actually a refugee who only had fifteen minutes of training. After setting off, the boat kept on rotating rather than heading for Greece."Mahmoud's wife Samuha says though they have enough savings to migrate to Europe, they want to go back to their country as soon as the situation in Syria improves.

"European culture is very different from ours, so there will be many difficulties for us to travel to a distant area. But Turkey has a similar custom with us. If the situation in Syria can improve, I sincerely hope to go back to my country and reunite with my friends."Turkish authorities say they have received nearly two million Syrian refugees since the breakout of the Syrian crisis, with only 20,000 of them living in refugee camps.

The government has spent six billion US dollars to support the refugees, but the great number of migrants has already exerted significant pressure on Turkey's economy and society.

For CRI, I'm XYee.

Refugees Invited to Watch Football Game in Germany for FreeAnchor:

A German football club has invited refugees who have come to the country to watch a football game for free in Berlin.

CRI's Niu Hongling has more　on this small gesture of kindness.

Reporter:

Berliner AK 07 has invited some 300 refugees to watch their home match in the regional league against RB Leipzig II at the Poststadion, a stadium in Berlin's Moabit district.

Mehmet Ali Han, president of BAK 07, expresses his sympathy and understanding towards the migrants who are living in makeshift settlement sites.

"I would not sleep well if my neighbors were starving. The refugees suffered a lot before they came here. They came here to survive, not for anything else. They came here not for our government, not for our economy. They fled from war-torn areas and came here just for survival. We offered humanitarian aid with sincerity."Various food from the refugees' home countries were prepared at the stadium's entrance.

The football players held up a banner reading "Welcome, Refugees" on the field prior to the start of the match.

The refugees and many locals in the stands wear T-shirts printed with the words "We are Berliners", in a way to show support towards the refugees.

Many refugees are very excited to watch the game, cheering loudly for the players.

Simon Gotwalt, a university student, says he enjoys the atmosphere and friendliness brought by the locals.

"The atmosphere in the stands was lively. The refugees were singing. I think they liked the match. The Germans present were also delighted to see people laugh and cheer together. I think the match created a win-win situation and both sides were satisfied."Eyad Haj Dauod, a 20-year-old man from the Syrian capital Damascus, says he had a good time in Berlin.

"I feel so happy here. And the people here are very nice to us."Dauod arrived in Germany after saving enough money from performing on the streets in Greece for three years.

He said his parents and sister are still suffering in the Syrian conflict.

The match ended in a 1-0 win for BAK 07. At the end of the match the club gave away some footballs to each refugee settlement.

All the revenue collected from Sunday's match will be donated to the refugee settlements.

Meantime, Germany's Interior Ministry announced that temporary border controls are being established along the country's border with Austria, in order to deal with the influx of refugees entering the country.

For CRI, I'm Niu Hongling.

3 Suspects Nabbed Over Bangkok Blast: Malaysian PoliceMalaysian police have arrested 3 suspects in connection with the investigation into a bomb attack in central Bangkok last month.

Police chief Khalid Abu Baker explains further.

"I confirm that we have arrested three individuals, two males and one female, and one of them is from Pakistan. Our arrest was made to assist the Thai police in the Bangkok bombing investigation."The explosion happened at the Erawan Shrine in downtown Bangkok, killing at least 20 people, including 7 Chinese tourists, and injuring over 120 others.  Headline NewsChina issues guideline to deepen SOE reformsOfficials in China have pledged that the competence of the state-owned enterprises in China will be improved, and they will be turned into fully independent market entities.

This comes as China issued a new guideline on deepening SOE reforms on Sunday, the latest move from the government to invigorate torpid SOEs.

The thrust of the new plan involves turning some of the over 100 centrally-administered SOEs into mixed-ownership companies.

Authorities have not made clear how many of the state-run companies will be put under the public-private partnership scheme.

The framework suggests the plan is going to be achieved by 2020.

Chinese vice premier sets off for Europe tourChinese Vice Premier Liu Yandong has set off on Monday for the EU headquarters and Britain for a week-long tour.

Liu's visit comes as China and the EU mark the 40th anniversary of the establishment of diplomatic ties this year.

She will co-chair the third meeting of China-EU high-level people-to-people dialogue with Tibor Navracsics, EU Commissioner for education, culture, youth and sport.

China and the EU agreed to deepen their partnership during Chinese President Xi Jinping's visit to EU headquarters last year.

Liu will also head for Britain to co-chair the third meeting of China-Britain high-level cultural exchange mechanism with British Health Secretary Jeremy Hunt.

Liu's trip to Britain comes ahead of a state visit by President Xi Jinping.

The two dialogues with EU and Britain are aimed at expanding cultural ties, strengthening communication between the two peoples, and boosting cooperation in education, science, culture, sports, media, youth and health.

China, France to hold high-level economic, financial dialogueThe third China-France High-Level Economic and Financial Dialogue will be held in Beijing on Friday.

Chinese Foreign Ministry spokesperson Hong Lei announced on Monday that Chinese vice Premier Ma Kai and French Finance Minister Michel Sapin will co-chair the dialogue.

Topics to be discussed include financial cooperation, macro-economic policy and global governance.

Tianjin to rebuild train station destroyed in warehouse blastsWorkers have begun dismantling a train station for reconstruction in north China's Tianjin after it was seriously damaged in the fatal warehouse blasts one month ago.

The new Donghailu stop of the No. 9 light-rail transit line will be built at the original site, and design work is under way.

More than 30 staff members in the five-story building were injured in the blasts late on Aug. 12.

The station was only about 650 meters away from the blast site.

The subway line, which links downtown Tianjin and the Binhai New Area, suspended operation after the accident.

Biz ReportsStocksAnchor:

Time to check the business news, first take a look at the closing numbers in Asian market this Monday evening, joining us on the desk is CRI's Wang Mengzhen.

Reporter:

Thanks Spencer,Chinese shares extended losses on Monday following the latest weak economic data.

The benchmark Shanghai Composite Index tumbled 2.7 percent to finish just above 3100 points.

The Shenzhen Component Index fell sharply by 6.6 percent.

The ChiNext Index, tracking China's growth enterprises, slumped 7.5 percent.

Over 1000 stocks have slumped to their 10 percent daily limit, led by tech and Internet shares.

Shares in banking sector have surged, bucking the trend.

This comes after new stats suggest China's industrial output rose 6.1 percent year-on-year last month, slightly up from 6 percent in July.

However, this has failed to meet the 6.5 percent expectations.

Bucking the trend, in Hong Kong, the benchmark Hang Seng Index was up 0.3 percent.

Elsewhere in Asia,Japanese stocks ended sharply lower, with the Nikki down 1.6 percent.

South Korea's KOSPI fell half of a percent at close.

In Singapore, the Strait Times dropped 0.6 percent.

In Malysia, the government says it will pump 4.6 billion us dollars into an equity fund to shore up its stock market, which is down by 7.5 percent in the past three months.

And finally in Australia, the ASX200 closed 0.5 percent higher.

Back to you, Spencer.

China-Thai Rail Project Expected to Start Construction by the end of 2015A much-anticipated railway project between China and Thailand is expected to get underway by the end of this year.

This was announced during the just-concluded joint Railway Cooperation meeting in Bangkok.

During the meeting, China and Thailand reached a broad consensus on the railway sector including a feasibility study, detailed route design, engineering, procurement and financing.

At the same time, the Thai side spoke highly of the first-phase feasibility study report presented by the Chinese side.

Both sides have also agreed on an intergovernmental railway cooperation framework.

The planned railway will connect northeast Thailand's Nong Khai province, the capital Bangkok and eastern Rayong province.

China Railway Group Mulling assets integration with one subsidiaryChina Railway Group has revealed its plan for assets integration with China Railway No.2 Group on Sunday.

Following this, shares of both state-owned firms have halted trading in A share market on Monday.

The final asset reorganization plan is expected to come out within 5 working days.

Before the suspension of their trading, China Railway Group was valued at some 230 billion yuan or $36 billion in the stock exchange, while China Railway Erju was valued at some 17 billion yuan.

This comes as China has issued detailed reform plans for state-owned enterprises including the promotion of mixed ownership and state assets management.

Earlier this year, China's top two train makers CSR and CNR have completed their merger into a rail giant CRRC Corp.

China's Jan.-Aug. fixed-asset investment up 10.9 pctNew figures show fixed-asset investment in China has grown just under 11-percent through the first 8-months.

The 10.9-percent figure is down slightly from the 11.2-percent growth through the first 7-months.

A slowdown in property and manufacturing investment is being cited as the main reason for the month-on-month slowdown.

In the past 8 months, real estate investment rose 3.5 percent year on year.

That was 0.8 percentage points lower than that registered in the first 7 months.

Fixed-asset investment in secondary-industries is up around 12-percent from a year earlier.

Chinese economy to grow around 6.5% in Q3 and Q4: CICCChina's International Capital Corporation, has lowered its prediction of China's economic growth rate to be around 6.5 percent in the remainder of this year.

The biggest investment of China bank expects China's GDP growth to be 6.5 percent in the third quarter and 6.6 percent in the fourth, down from its earlier 7 percent prediction.

Meanwhile, the weak economic data has led CICC to expect further monetary easing by China's central bank later this year.

This includes one more interest rate cut and two more 50 basis points reserve requirement ratio (RRR) cuts.

Chinese authorities have conducted five interest rate cuts since November, while the RRR has been cut four times.

On the fiscal front, CICC expects an increase of government investment, mainly through infrastructure projects, to mitigate the downside risks.

Apple Iphone 6s in the Chinese MarketAnchor: The Apple Iphone 6s and 6s plus have been announced in San Francisco at the Apple Conference.

CRI's Sam Duckett on how the new phones might do here on the Chinese market.

Reporter:

The announcement of the Iphone 6s and 6s plus was a massive event in China, broadcast online.

Apple is looking to gain stronger footing in the Chinese market with a wide range of new intuitive features on its latest Iphone 6s and 6S plus. Technology commentator for ifeng.com, Huang Hao, discussed which features he believed would impact the Chinese smartphone market.

"If I am being honest, the Chinese market is very special. They really like new features, for example the 3d touch feature, will be popular with Chinese customers. The different color models of the phone will also be warmly welcomed in China. It actually has not got a lot more features than its predecessors but the new colors alone will make it really popular with female customers in China."The biggest question posed at the event was if Apple's latest smartphone devices have enough new features to help bolster their stance in the Chinese market. Currently, Xiaomi is dominating the Chinese smartphone market with 19% of the domestic smartphone market share, followed by Huawei with 16% and Apple with12%.

Huang Hao also discussed how he thought the Iphone 6s and 6s plus would do in the Chinese market.

"Apple is growing very quickly in the Chinese market, and it already has a firm grip over the upper market, such as those found in tier 1 and tier 2 cities. I think we will see a lot of fashionable women in China using the new rose color Iphone. This will definitely help Apple gain a stronger female demographic."The CEO of Chinese APP Company, ZDworks, Wang Sili, did a live online commentary for Apple's latest product. She also commentated on how she believes this will affect the Chinese market.

"I am very confident in the sales of the Apple Iphone 6s, I think they will be better than that of the Iphone6. If we look at the current trend in the market and preferences of Chinese consumers, the Iphone 6 has all the specs needed to attract Chinese customers. After the phone is released on the Chinese market, I think we will see the 3D touch feature used for various different China Mobile Online events."China was included in the initial release of the newest Iphones. The Apple Iphone 6s and 6s plus hits the Chinese market on the 25th September 2015.

Back Anchor: That was Sam Duckett reporting.

State Grid to bid for ABB power grids businessState Grid is putting in a bid to take over Swiss engineering group ABB's power grid operations.

United Bank of Switzerland estimates that ABB's grid operations are worth around 4-billion US dollars.

ABB has yet to confirm its take-over bid.

The Chinese government is planning to take State Grid global in the next 5-years, with plans to spend around 50-billion U.S. dollars overseas in by 2020.

State Grid already has investments in Portugal, Italy, Brazil and Australia.

China Unicom builds country's first international undersea cableChina Unicom has been tapped to lay-out a new international undersea cable.

Unicom is working with Myanmar telecommunications operators on the project.

It's part of a plan to establish better links between China and ASEAN countries.

A land-based cable link between China and Myanmar is also being built at a cost of around 50-million U.S. dollars.

SportsDjokovic, Hingis and Mirza win titles in US OpenAnd now for some news from Flushing Meadows' US Open:

Novak Djokovic beat Roger Federer in four sets on Sunday to claim his second US Open singles title and tenth grand slam title.

During the third game of the match, top seed Djokovic broke Federer's serve, but fell over in the next game and injuring his right arm.

Despite the fall, the Serbian broke Federer again in the seventh game and went on to serve out the opening set 6-4.

It was the first set Swiss star Federer had dropped in this year's tournament, but the second seed made the perfect response, taking the second set 7-5 with a break of serve in the 12th game.

But Djokovic wasn't to be denied a second US Open title.

The Serbian battled his way through the game wrapping up with a 6-4, 5-7, 6-4, 6-4 in three hours and 20 minutes.

The Flushing Meadows Champion told the press that competing in this tournament has been a major source of motivation for his game.

"Well, I wouldn't necessarily say I'm dominating, but I definitely am very proud of all of the achievements. You know, winning Grand Slam is very special for any tennis player when you are dreaming of becoming a professional tennis player. When you are kind of finding that inspiration, motivation, these are the tournaments you dream of winning.

Djokovic is now the reigning Australian, Wimbledon and US Open champion.

This Victory has also leveled his head-to-head record with Federer at 21 wins apiece.

And in women's doubles:

Top seeds Martina Hingis and Sania Mirza beat Casey Dellacqua and Yaroslava Shvedova 6-3 6-3 to win the women's double US Open title at Flushing Meadows.

Switzerland's Hingis, a member of the International Tennis Hall of Fame, and India's Mirza won their second Grand Slam championship in a row, after success at Wimbledon in July.

Hingis commented to the press that she was happy with how Mirza and she had performed in their final game.

"When you win many matches, many tournaments together, you just feel like you go on court, and the way Sania was playing the last, you know, three, four matches; it was just, yeah, incredible. She was hitting bombs from the baseline, and I was able to, the last two matches, pick it up and hit some good volleys to finish it off.

Australia's Dellacqua and Kazakhstan's Shvedova were fourth seeded in the tournament.　Hingis also won the US Open mixed doubles title this year with Leander Paes.

China has success in Asian Women's Club Volleyball ChampionshipIn Volleyball news:

China's Zhejiang club edged Japan's Hitsamitsu 3-2 at the 2015 Asian Women's Club Volleyball Championship in northern Vietnam's Ha Nam province on Sunday night.

Earlier on Saturday, the Chinese defeated their Iranian rivals 3-0.

Other wins were from the Democratic People's Republic of Korea who beat Iran's Islamic Azad University 3-0 and China's Taiwan Power who defeated Kazakhstan's Zhetyssu 3-0.

The winner of this tournament will earn the only ticket to compete in the 2016 club world championship slated for October 2016.

Gary Hunt and Rachelle Simpson win Red bull Cliff diving competitionNow let's dive into some extreme sports news from Red Bull:

Gary Hunt and Rachelle Simpson won the Red Bull Cliff Diving World Series stop in Polignano a Mare, Italy on Sunday.

Britain's Gary Hunt pulled off five 10s in three rounds of the competition and a personal best of 548.20 points, making this six out of seven victories for the season.

Hunt stated that his rivals have put serious pressure on him in previous tournaments and he was glad to come out on top in Polignano a mare.

"There was always pressure on me. Every time I'm up there I feel the pressure. I mean with a small mistake you can hurt yourself. That said, I could really enjoy myself up there. I'm in good shape, I've not got too many injuries, so I just try to have fun and it's been a long time since we've been here and I was really happy to come back and finish some unfinished business.

Second place in the tournament was Colombia's Orlando Duque, who was closely followed by Jonathan Paredes of Mexico.

In the 2015 women's World Series, American Rachelle Simpson defended her overall title by claiming her second victory in three competitions.

After the competition, the fight in the overall rankings became tighter as only the season's best six athletes will be granted a spot in a 2016 Series.

Simpson (241.60 points) secured her second victory of the season ahead of fellow American Ginger Leigh Huber (231.40 points) and Yana Nestsiarava (209.50 points) from Belarus to retain the overall title.

While this concludes the women's season, the male cliff diving elite will travel to Spain's, Bilbao, for the season's finale in two weeks' time.

Belgian Tim Wellens is 1st at Grand Prix of MontrealIn professional bicycle racing:

Belgian rider Tim Wellens got the better of Adam Yates to win the Grand Prix of Montreal in treacherous conditions on Sunday.

Rain greeted the field for the start of the Grand Prix on Sunday, and conditions did not improve for the riders as they tackled 17 laps of a 12.1-kilometre circuit making a total of 205.7 kilometers.

There were very few crashes despite treacherous conditions.

At the 80 kilometers mark, Thomas Voeckler launched a typically aggressive attack and he was soon joined by Manuel Quinziato and Louis Vervaeke.

The trio built a lead of two minutes with four laps to go, but the peloton soon closed despite torrential rain.

As the bell rang for the start of the final lap, the Etixx-Quickstep team were at the head of the chasing pack trying to set up the race for Quebec Grand Prix winner, victor Rigoberto Uran .

It was on the final climb up Mont Royal, where Adam Yates attacked and he was quickly joined by Tim Wellens.

With less than three kilometers to go, the pair led a small chase group by 12 seconds.

Of the duo, it was Wellens who proved stronger in the sprint to take victory with Rui Costa taking third.

Entertainment'The Minions' Sets Record at China's Box OfficeAmerican 3D film 'The Minions' has set a new record for animated film at the Chinese box office.

By pulling in roughly 123 million yuan, or some 20 million US dollars over the weekend, 'The Minions 'surpassed Kung Fu Panda 2, as the all-time top-grossing animated film for its opening day in China.

Director of the film, Kyle Balda, elaborates on the difficulties in making this spin-off to 'Despicable Me' franchise.

"I think the main challenge was trying to tell a story with minions, pull out these three minions, and give them differentiated personalities, and trying to follow them to the entire story I think that was the principle challenges."The film portrays three minions venturing a thrilling journey into the world, aiming to find a new evil boss to follow.

Famous actress Sandra Bullock, who starred as Scarlet Overkill, an ambitious super villain, gives her take on the film.

The beautiful thing of the Minions is it works in any language, and because of the physical comedy in the sweetness and their motion behind what they are saying, even you can't understand it, you know exactly what happening. You just love them, even when they're trying to be, you know, mischievous, somewhat evil. They can't, because they are the little yellow pills that are just sweet."The China debut for "Minions" was 48 percent higher than that of "Despicable Me 2."Combined with the U.S. total of 332 million US dollars, the worldwide haul for "Minions" is now just over 1 billion US dollars.

Universal Studios to Complete Beijing Hollywood Theme Park by 2019Universal Studios has unveiled its plan to complete its Hollywood theme park in Beijing by 2019.

The project, which is said to be the company's largest theme park ever, will be built in the Tongzhou district east of Beijing.

The American media and Entertainment Company made the announcement in New York after getting the green light from Beijing authorities.

Famous Hollywood director Stephen Spielberg will be involved in the design of the park.

He indicates many Chinese elements can be seen in the design, marking a major attraction to both foreign and local tourists.

To facilitate the theme park, Beijing's subway line 7 will make an extension by 2019, allowing an easier commute to the park.

This will be the sixth theme park built by Universal Studios globally.

Kanye West, Lady Gaga, Nichi Minaj Attend Alexander Wang ShowBig names like Kanye West, Lady Gaga and Nichi Minaj all appeared at the front row of Chinese-American Alexander Wang's Fashion Week runway in New York.

Lady Gaga has expressed her craze for the talented designer.

"I love him, he is a good friend. I am here to support him and I can't wait to see the show and celebrate 10 years."The show marks a homecoming of the 30-year-old designer, as he quit prestigious stint as creative director of Balenciaga in Paris after three years.

Coming to the 10th anniversary of Wang's namesake brand, he decided to focus solely on his own company.

Big white T-shirts, oversized jackets, ample hoodies and mesh tanks have played a leading role throughout the show, to meet the theme of hard-edged street wear.

Alexander Wang ran out for his bow, in his signature all-black attire, dancing, waving and smiling at the end of the show.

Lance Armstrong's Biopic 'The Program' Premiered in TorontoUK-France co-produced film 'The Program', a biopic of former pro cyclist Lance Armstrong, premiered at the Toronto International Film Festival on Sunday.

The film features the seven time Tour de France winner, who was accused of doping for years.

Director of the film, Stephen Frears, shares his thought on whether there were any challenges making the film, as the issue is still so recent.

"I mean, I could tell a year ago, I can't talk about Canadians, Americans were much more sensitive about it and much more wounded and traumatized by it. I think it's changed in the last year."The star cast of the film includes Ben Foster as Armstrong, and Chris O'Dowd as an Irish journalist supposed to prove Armstrong's deceit.

Armstrong's fall from grace is complicated. Allegations toward him concluded as the cyclist was deprived of his titles.

He also admitted to past drug use in a 2013 TV interview with Oprah Winfrey.

'The Program' is due to hit big screens in UK on September 14th, and released in France on September 16th.

Thriller 'The Perfect Guy' Tops American Box OfficesNew opened thriller film 'The Perfect Guy' tops American box offices for the past weekend.

The low-budget film with only 12 million US dollars for production, has over 26 million dollars in three-day weekend tickets sales.

It is the third film in a row with the African American leading cast, to rank at the top spot of the box office in five weeks, following "Straight Outta Compton" and followed by "War Room".

Another low-budget thriller 'The Visit' opened in the number two position, by grossing an estimated 25.7 US dollars for weekend premier.

Last week's top-spot film 'War Room' drops to the third place, with a roughly 7.4 million dollars weekend intake.

That's it for this edition of the Beijing Hour...

A quick look at the headlines before we go...

China unveiling major plans to reform state-owned enterprises...

Chinese's Vice Premier Liu Yangdong heads to Europe to mark the 40th anniversary of China-EU ties...

And Malaysian authorities arresting 3 suspects in connection with last month's bombing in Bangkok...

On behalf of the Beijing Hour staffers, Spencer Musick in Beijing hoping you'll join us for our next edition of the Beijing Hour to open a window to the world together...