Welcome to the Beijing Hour, coming to you live from the Chinese Capital.

Coming up on our program this morning...

Chinese President Xi Jinping has arrived in Seattle for the first leg of his current visit to the United States.

CRI plays host to a discussion among Chinese and US college students to talk about their understanding of one-another's countries.

Chinese Premier Li Keqiang has taken part in a briefing connected to last month's deadly blasts in Tianjin.

In Business.... new plans have been announced to take the "negative list" approach across China in the next 3-years.

In Sports.... this year's National Athletics Championships are in high-gear in Suzhou.

In entertainment..... this year's Silk Road Film Festival is underway in Fuzhou.

Top NewsChinese president arrives in Seattle for first U.S. state visitAnchorChinese President Xi Jinping arrived in Seattle to begin his trip to the United States.

On the line with us now is our Washington chief correspondent Xiao Hong is there covering events for us.

Tell us about his arrival.

AnnSure! It was Tuesday morning here in Seattle when President Xi arrived. He was greeted by a jubilant welcoming crowd including U.S. President Obama's representative, Washington state governor, Jay Inslee and other dignitaries.

In his arrival speech, President Xi says, he is looking forward to having in-depth exchange of views with President Obama and engaging the U.S. Public. He is confident that with concerted efforts of the two sides, his visit will yield fruitful results and bring bilateral relations to an even higher level.

I believe many still remembered the summit between the two leaders at Sunnylands in California two years ago when the two leaders reached consensus on building a new type of major-country relations between China and the United States. Last year, the two met in Beijing and announced major steps in dealing with global climate change. The joint statement has since encouraged other countries worldwide to follow the suit and set up more ambitious targets.

Susan Rice, President Obama's National Security Advisor, said Monday at George Washington University that the relationship between China and the United States is the most consequential in the world today, because many global challenges can only be met with China and the United States working in concert. She also reiterated that a stable, productive, and resilient Sino-US relationship would remain at the center of American foreign policy for years to come.

AnchorSo what's on his agenda for later on this Tuesday in Seattle?

AnnYes. It's 4 pm in Seattle. Right now, President Xi is in a meeting with some US state governors and Chinese provincial governors. The governors are having a seminar focusing on cooperation between their states and provinces. Despite the political rhetoric inside the Beltway, local officials are more willing to deepen their cooperation with China because they see China as an opportunity. The state of Washington for example, is looking forward to sign some agreements with its Chinese counterparts from Sichuan Province to promote economic, trade and investment. They will also be joined by University of Washington and Tsinghua University to focus on renewable energy generation. Former Washington state governor Gary Lock disclosed at the airport that one of these projects will create thousands of jobs in the state of Washington. Former Governor Gary Lock says this is the perfect win-win cooperation.

And tonight local time again, President Xi will attend a welcoming banquet hosted by the National Committee on U.S.-China Relations, U.S.-China Business Council and the State of Washington. Paul.

AnchorCRI's Xiao Hong reporting for us from Seattle.

Xi Jinping Receives Written Interview with the Wall Street JournalAhead of his trip to the United States, Xi Jinping has given a one-on-one interview with the Wall Street Journal.

As part of the interview, the Chinese President has taken time to address the current slowdown of the Chinese economy, saying it's still operating within the proper range.

He also says the Chinese government is putting a greater emphasis on developing an innovation-and consumption-driven economy.

Xi Jinping has also told the Wall Street Journal there are no plans to change the current policies on foreign investment.

He also says the fight against graft among Party officials in China is never going to end, saying the current policy of "zero tolerance" against corruption will never change.

Xi Jinping has also addressed questions connected to the South China Sea, saying Chinese construction in the region does not target any other country.

The Wall Street Journal interview has also covered questions about China-U.S. relations, global governance and China's military.

China and US to Jointly Address Cyber Security IssueAnchorOne area likely to dominate coverage of Xi Jinping's time in the United States this week is cyber security.

CRI's Xie Cheng with more on what we can expect to hear on this front.

ReporterThe issue of cyber security is one of the important factors that have long topped the concerns between China and the U.S.

Chinese Ambassador to the United States Cui Tiankai says that joint efforts would be needed from both countries to address the issue of cyber security.

"The United States is the most advanced country, technologically speaking, in cyber space, while China has the largest number of internet users. So we do have a common need and common interest to respond to the cyber threat, to manage cyber space and make sure that it would not be disruptive to the economic and social functions of the two countries. "For his part, White House Deputy National Security Adviser Ben Rhodes says many constructive discussions have been taking place regarding cyber security between the two countries.

"I wouldn't say that there's been some formal agreement that's been reached. But I do think that we've had constructive discussions about what does that framework look like, how we can address these issues, not purely as competitors, but also as two countries that have a stake in a world in which business can operate without fear that their secrets are going to be stolen by cyber actors."Cui Tiankai also expressed the hope that the two sides will work more closely to address a range of cyber security-related issues.

"I believe the two countries have to focus on this common need, try to work out a set of rules or joint approach, to deal with this new issue, rather than accusing each other and having some conflicts, even confrontations in this area. Because it will not help us to solve the problem, it will only make things worse for both countries."For CRI, I'm Xie Cheng.

United States hopes to push forward high-level contacts with China: US Deputy National Security AdviserPart of Xi Jinping's time in the US will include a series of meetings among Chinese officials and US policy makers.

US Deputy National Security Adviser Ben Rhodes says the Obama administration is looking forward to these sessions.

"First of all, it's very important for us to have regular high-level contacts with China. It's the most consequential bilateral relationship in the world and we feel that engagement is the best way to advance our relationship. So what we hope to achieve is to find areas of concrete progress, where we can move forward. "Rhodes says one of the key points the White House is looking to focus on is formalizing the details of the climate change agreement Xi Jinping and US President Barack Obama announced at last year's APEC meeting.

"I think you will see additional statements and additional details about how we want to move this forward, building up on the foundation of what we have announced last year in Beijing and the objective is the whole world is going to be watching this summit. There is a huge opportunity at the end of the year in Paris to reach a global agreement to combat climate change. We want to send a very positive message to the world that we are advancing this agenda together."Xi Jinping is set to take part in a series of meetings connected to climate change, as well as women's rights and cooperation among developing-nations as part of his time in New York later this week.

US Expects China to Further Open up Market: Former U.S. Ambassador to ChinaThe United States' former ambassador to China is weighing-in on Chinese President Xi Jinping's trip to the US.

Gary Locke, who left his posting in Beijing last year, was once the governor of Washington State, where the Chinese President arrived yesterday for the first leg of his trip.

Locke says Xi Jinping's time in the Seattle-area is going to be closely watched by observers from across the United States.

"I'm sure President Obama will want to know what the Chinese leader is planning in terms of stabilizing and invigorating the Chinese economy. US executives will also want to know whether or not China is truly committed to opening up markets in accordance with its obligations under WTO, whether or not there will be fair treatment and a level playing field for US companies within China."At the same time, Locke says he believes the State of Washington is glad to entertain the Chinese President, noting the US Northwest’s ties with China have been increasing dramatically over the past decade.

"We're just so pleased that China has become a major trading partner with Washington State. Exports over the last eight to 10 years have almost tripled, and supporting some 90,000 jobs. We're proud of our 'Made in Washington' goods and services going to China, not only creating jobs here but also meeting the needs and demands of the Chinese people, whether it's food, whether it's machinery, industrial machinery to airplanes to software or even Starbucks coffee. We know there is a high demand, a hunger for 'Made in USA' products, and we're so pleased that Washington State is the largest exporting state to China. And China is our largest destination of all of our exports."As part of his time in Seattle, Xi Jinping is due to visit the Microsoft campus, make a stop at Boeing, as well as take part in a high-level business roundtable with leading US tech executives.

Old Friends Wait Xi's ArrivalAnchorThe current trip to the United States by Xi Jinping is being closely watched by a select group of Americans who have known the Chinese President for the past 3-decades.

CRI's Luo Wen reports.

ReporterThe town of Muscatine, Iowa is nestled along the banks of the Mississippi River.

While somewhat nondescript, the community of some 20-thousand people has special meaning for Chinese President Xi Jinping.

He first visited the town in 1985 when he was a junior politician, spending time in Muscatine as part of a provincial agriculture delegation from Hebei.

27-years later in 2012, he made a second visit as Chinese vice-President.

Sarah Lande met Xi Jinping the first time in 1985, putting him up as a guest in her home.

"We all came in the door, and we welcomed Xi Jinping to our home. This is Xi Jinping and he gave this bear to my granddaughter Lucy, and this is my son, and she named the bear China."Meeting Xi Jinping at that time 30-years ago created a sense of interest in China for Lande.

She's since travelled to China several times, and had a chance to meet with her old friend, then-vice-President Xi Jinping, 3-years ago in Beijing.

Xi Jinping's time in Muscatine has turned the community into a cause-celeb for Chinese media.

Muscatine Mayor DeWayne Hopkins says people in his community remain the same as they did 30-years ago, with hospitality still being key to the city.

"One of the statements that Xi Jinping made several years ago was that to him, we are America — meaning us folks here in Muscatine — because of the way he was treated in 1985."And at the same time, Hopkins says if people in China want to better understand average Americans, they need not look any further than his community.

"We, from Muscatine, tend to ignore the big political overtures that take place in Washington, D.C., and Beijing and so forth, and we focus in on — if there is such a thing as a focus — the people-to-people relationships."Xi Jinping's old friend, Sarah Lande, says in the end, she believes its inter-personal relationships which can help China and the United States get past their differences.

"I hope we can focus on the positive things and keep working through. There are differences from both points of view. But the people, the people of both countries enjoy each other."For CRI, I'm Luo Wen.

The 5th Dialogue between American and Chinese College Students Wraps UpAnchorAn annual dialogue between American and Chinese college students has taken place here in Beijing, with China Radio International moderating this year's event at our headquarters.

CRI's Luo Yu has more.

ReportThis year's event has asked the question: How much do we know about each other?'

In an attempt to answer it, college students from Chinese and American universities have sat down together to share their understanding of the Sino-US dynamic through their life at college.

William Weightman, a panelist from Middlebury College in the US, says he believes there is an outdated mindset in the United States about what is happening here in China.

"I think that it's quintessential that Americans improve their understanding of Chinese people, Chinese language and Chinese culture. As an American, I can say the biggest room for improvement is for understanding different political cultures that exist in our two countries. I think that there is a very strong misunderstanding of what the Chinese government is, how it functions, and how it makes decisions. Some of the current rhetoric you would hear in the United States is that China is authoritarian and the government doesn't represent the people. But I have talked to many Chinese people that have presented opposite opinions that have broadened my perspective and helped me think how government functions in different context."Wu Benyang studies at the University of International Relations in China.

She says she believes one of the biggest challenges for people in China is to better-understand how the political systems differ.

"The biggest impediment would be we think differently, so it would be hard for me to understand other people's viewpoints, like it would be hard for my country to understand their diplomatic policy from their perspective. Again that's why communication is so important between Chinese people and American people, especially the young people. And I'm very glad that I'm here."Elizabeth Woods studies at Georgetown University in Washington.

"I have a very optimistic view of the future of the Sino-US relationships. Just considering the fact that President Obama and President Xi are right now in Washington discussing current present issues. I think that it itself is a signifier that we will continue to have healthy relationship, open communication and I think just through dialogues such as this, we can ensure that China and America will in fact be friends in the future and unite on international issues."Teng Jimeng, Associate Professor of American Studies at Beijing Foreign Studies University, says he believes its opportunities like the dialogue hosted by CRI that will help bridge the gap.

"To a large extent, I think this would promote a kind of the understanding, as well as two way commination, it's not just the one way. It is always the two way communication in between our country's young people. So I applaud it, I welcome this. I think this should be a continued project or program with the CRI."Xia Jixuan is the deputy President of China Radio International.

"I expect that in the future, more people will either take part in these discussions, or watch the discussions on different terminals, so they will be part of the discussion. They raise their questions for the panelists to discuss. Only by attracting more people into these activities can we promote better understanding between these two countries."This year's discussions, hosted by NEWS Plus Radio on China Radio International, have taken place in Beijing and Shanghai.

They've been broadcast worldwide through radio, television and social media sites.

For CRI, I'm Luo Yu reporting in Beijing.

China makes great progress in gender equality, women's developmentAnchorA new White Paper on gender equality and women's development has been released by the State Council.

The Chinese government's analysis provides a view of the progress made in this field over the past 20-years.

CRI's Niu Honglin has more.

ReporterThe white paper is published ahead of the global women summit set on September 27th at the UN headquarters in New York, at which Chinese President Xi Jinping will deliver a speech.

Hu Kaihong, spokesman for the State Council Information Office, presided over the press conference Tuesday morning and introduced the white paper on gender equality.

"The white paper expounds the relevant policies and proposals, which help the international community promote their understanding about China, push the gender equality and women's development, and enhance China's dialogue, communication and cooperation with the world."The white paper says China has always upheld the constitutional principle of equality between men and women, which is also a basic state policy for promoting progress in the country and in society.

Chinese women make up one fifth of the world's total female population. Over the years China has improved its laws and regulations, developed public policies, and worked out development plans to improve the country's gender equality and women's development.

Song Xiuyan is the deputy director of the National Working Committee on Children and Women under the State Council.

"China completes the legal system on protecting women's legitimate rights, promotes the gender equality in the law system, thoroughly implements the basic state policy of gender equality, and pushes the process of social gender mainstreaming."The white paper also says China has made progress in many aspects to improve gender equality, including setting up a mature national mechanism and improving government organs for promoting the status of women, creating a social and cultural environment conducive to boosting gender equality, promoting equality in education, and accelerating the building of a socialist country under the rule of law.

Song says the country has made great efforts to ensure women's equal participation in economic activities and equitable access to economic resources.

"China pushes the coordinated development of women and economic society. China's gender equality and women's development have seen remarkable achievements with women's rights for equal job opportunities guaranteed. Women accounted for 45 percent in total employed population in 2013."The white paper is also published to mark the 20th anniversary of the UN's Fourth World Conference on Women that was held in Beijing back in 1995.

For CRI, I'm Niu Honglin.

Premier orders thorough investigation of Tianjin blastsChinese Premier Li Keqiang has taken part in a briefing connected to last month's deadly blasts in Tianjin.

He's demanding officials looking into the massive explosions make their probe thorough.

"There must be an investigation report based on facts and the law which will stand the test of time and history. There must be no gray area left in the investigation. We need to be able to give answers to the victims and their families."The preliminary investigation has found corruption and dereliction of duty are contributing factors.

Li Keqiang is promising no stone will be left unturned.

"Those responsible should be severely punished according to law and discipline, no matter who is involved. Particularly, there must be zero tolerance for those who are found corrupt and negligent of their duties."Around a dozen officials are currently being investigated in connection with last month's deadly explosions.

The blasts on August 12th took place following a fire at a chemical warehouse at the Port of Tianjin.

It left 165 people dead, and caused massive destruction across the port area.

China calls for green ways to travel in "Car Free Day"AnchorSome 170 cities in China have taken time to mark "World Car-Free Day."The campaign itself is designed to 'drive' attention toward getting people out of their cars more often.

CRI's Niu Honglin reports.

ReporterIn an attempt to promote more eco-friendly ways of travelling, cities across China have taken part in a series of activities to promote "car free day" yesterday, urging people to walk, take a bike or use public transportation.

Municipal officials in Shenzhen gave out over 200-thousand free bus tickets.

Hubei's capital Wuhan unveiled an additional 100 bike rental points.

The campaigns appear to have struck a chord with some.

"Actually, riding a bike is comfortable as well. Each of us just do a little in our lives, it will make a difference. We do this also for ourselves. It will be nice to see blue skies and nobody wants the haze."However, traffic levels across many of China's major metropolitan centers didn't appear to dip much, with many suggesting the public transportation systems are still over-crowded.

"The public transport system should be improved. People choose to drive or take a cab because it is not convenient to take the public transport. Subway is extremely crowded and it's very difficult to get a cab during the rush hours."Professor Zhou Xiaozheng with Renmin University says getting people out of their vehicles is going to be a major challenge.

"The traffic problems in big cities, especially mega cities, have long been argued about. The public transport should always come first, while private cars and cars of government officials must be limited. Sidewalks and non-motorized vehicle lanes including bike lanes must be available."Traffic authorities in Beijing have announced plans to increase the availability of public bike rentals.

An additional 20 rental points are being added this year, which will make an additional one-thousand bicycles available in the capital.

For CRI, I'm Niu Honglin.

UK finance minister speaks at Stock ExchangeThe UK's Chancellor of the Exchequer has taken time to address the recent fluctuations in the Chinese A-Share market.

George Osborne, speaking on the floor of the Shanghai Stock Exchange, says the UK remains bullish on China.

"I very deliberately chose to come here - to the Shanghai Stock Exchange – to the epicentre of the volatility in financial markets this summer to say this: Whatever the headlines, regardless of the challenges, we shouldn't be running away from China. And my message is clear. Through the ups and downs, let's stick together. Let's stick together to grow our economies, let's stick together to make Britain China's best partner in the West. Let's stick together and create a golden decade for both of our countries. Britain and China will stick together."It's been announced the Chinese and UK governments are working on plans to create a stock-connect system between Shanghai and London, similar to the one current in-place between Shanghai and Hong Kong.

Osborne says he believes linking the two bourses will go a long way to helping both countries.

"Connecting our stock exchanges means more jobs, more investment, higher living standards in both our countries. A win. A win for China and a win for Britain."Osborne's visit to Shanghai is part of his 5-day trip to China, which has included a sit-down with Chinese Premier Li Keqiang.

He's due to make stops in Sichuan and Xinjiang before concluding his trip.

EU approves plan to relocate 120,000 migrantsThe European Union has agreed to relocated 120-thousand migrants and refugees to different countries across the continent.

The move is intended to ease the strain on Greece, Italy and Hungary.

These are the three countries on the frontline of the flow of immigrants from the Middle East and Africa.

French Interior Minister Bernard Cazeneuve says the move is crucial in addressing the situation.

"Today's decisions are not only about relocalising 120,000 refugees across the European Union countries, they are also about the modalities to achieve a balance between generosity, humanity and firmness, because without this balance it will not be possible for Europe to face this migratory situation."The Czech Republic, Slovakia, Romania and Hungary voted against accepting mandatory quotas.

Under the EU's rules, a country that does not agree with a policy on migration has the right to appeal to the European Council.

The new re-location plan still has to be ratified by EU leaders later on this Wednesday in Brussels.

Some 480-thousand migrants have arrived in Europe so far this year.

This represents the largest flow of migrants on the continent since World War II.

WeatherBeijing will be cloudy with a high of 26 degrees Celsius.

Overnight temperatures should drop down to 17.

Shanghai will see slight rain with a high of 26 and a low of 21.

In Chongqing, it will be cloudy during the daytime with a high of 27 and lows of 23.

Elsewhere in the world, staying here in Asia,Islamabad will be cloudy with a high of 32.

Kabul will be cloudy with a high of 23.

Over to North America,New York will be overcast with a high of 25 degrees.

Washington, slight rain with a high of 26 degrees.

Honolulu, slight rain, 29.

Toronto will see slight rain with a high of 23 degrees.

Finally, on to South America,Buenos Aires will have slight rain with a high of 17.

And Rio de Janeiro will be cloudy with a high of 30 degrees Celsius.

Headline newsChinese president arrives in Seattle for first U.S. state visitChinese President Xi Jinping has arrived in Seattle for his first state visit to the United States.

He's delivered a statement upon his arrival, saying, among other things, that he's expecting a fruitful visit.

During his time in Seattle, the president is scheduled to deliver a major policy speech on China-U.S. ties.

Cyber security, South China Sea and a new type of relationship between major countries are believed to dominate his talks with US President Barack Obama scheduled for later this week at the White House.

The Chinese leader will also visit the UN headquarters in New York, where he will attend a series of summits to commemorate the 70th anniversary of the founding of the United Nations.

Xi Jinping Receives Written Interview with the Wall Street JournalAhead of his trip to the United States, Xi Jinping has given a one-on-one interview with the Wall Street Journal.

As part of the interview, the Chinese President has taken time to address the current slowdown of the Chinese economy, saying it's still operating within the proper range.

He says the Chinese government is putting a greater emphasis on developing an innovation-and consumption-driven economy.

Xi Jinping has stressed that there are no plans to change the current policies on foreign investment.

On the fight against corruption, Xi Jinping says the current policy of "zero tolerance" against corruption will never change.

Xi Jinping has also addressed questions connected to the South China Sea, saying Chinese construction in the region does not target any other country.

The Wall Street Journal interview has also covered questions about China-U.S. relations, global governance and China's military.

Japan's Okinawa expresses objection over US military base at UN Human Rights CouncilThe Okinawa governor from Japan has attended the United Nations Human Rights Council in Geneva for the first time to address the issue of the relocation of the U.S. military base at Futenma.

Orateur Ong says the expansion of the military base violates the local environment and human rights.

Ong stresses that Okinawa people have the right to decide for themselves over the issue of U.S. military base rather than being abducted by Japanese and U.S. authorities.

U.S. military base at Futenma will be relocated to Henoko in Okinawa according to the agreement between the U.S. and Japanese governments.

Abbas meets Putin on Syrian crisisPalestinian President Mahmoud Abbas has sat down for talks with Russian President Vladimir Putin in Moscow.

Among other things, the two leaders have discussed the lingering conflict in Syria.

The Palestinian leader's time in Moscow comes just a day after Vladimir Putin met with Israeli Prime Minister Benjamin at the Kremlin.

Netanyahu's meeting was focused mostly on concerns about possible clashes between Israeli and Russian jets in Syria.

Israel has been carrying out air raids against militants in southern Syria and suspected Hezbollah fighters in Lebanon.

Biz ReportsAnchorTurning onto business news. First, a quick look at the closing numbers across North America and Europe as well as a recap on the Chinese market.

ReporterU.S. markets dipped on Tuesday amid uncertainty the timing of an interest rate hike by the U.S. Federal Reserve.

A downturn in oil prices also weighed on investor sentiment.

At the closing bell,Dow Jones slid 1.1 percent.

S&P 500 lost 1.2 percent.

The Nasdaq shed 1.5 percent.

Meanwhile in Europe, the Volkswagen's emissions scandal had a major impact on the markets.

The company's shares plummeted nearly 20 percent on news that it could face an 18-billion U.S. dollar fine in the U.S. for rigging emission testing on its diesel vehicles.

At the closing bell,The UK's FTSE 100 dropped 2.8 percent.

Germany's DAX decreased 3.8 percent.

France's CAC 40 was down 3.4 percent.

Finally in China, markets finished slightly higher.

The Shanghai Composite Index gained 0.9 percent, while the Shenzhen Component Index rose 0.6 percent.

'Negative list' to go nationwide in China in 2018AnchorThe Chinese government has announced plans to implement its "negative list" approach to foreign investment across the country by 2018.

Authorities say this will go a long way toward making the Chinese market more accessible.

A "negative list" is an approach where specified areas are deemed off-limits to foreign investment.

Its considered much-less restrictive than a "positive list" approach, as anything not outlined on the "negative list" is available for investment.

A "negative list" system was first set up in the Shanghai Free Trade Zone 2-years ago.

For more on the "Negative List" plans, CRI's Spencer Musick earlier spoke with Professor Liu Baocheng from Beijing-based University of International Business and Economics.

Back AnchorThat was Professor Liu Baocheng from University of International Business and Economics, speaking with CRI's Spencer Musick.

ADB cuts GDP growth forecast for the regionAnchorThe Asian Development Bank is forecasting weaker growth in China this year is going to bring down growth throughout the rest of Asia.

The ADB has cut its GDP growth forecast for Asia to 5.8-percent this year.

This is down from the 6.3-percent the ADB originally forecast.

CRI's Hong Kong correspondent Li Jing has more.

ReporterThe latest report released by the Asian Development Bank suggests the Chinese economy is expected to expand 6.8 percent this year.

This is down from the ADB's original forecast of 7.2-percent.

Asian Development Bank chief economist Wei Shang-jin says a slowdown in investment and weak exports, as well as a number of other factors, are bringing down economic growth in China.

"We expect in the next few years, Chinese working-aged population is shrinking roughly at a rate of 0.3 percent a year, holding everything else constant, this leads to a reduction in growth rate by 0.18 percent a year. so that's the fundamental thing. On top of that, continuously rising wage cost also gives you additional reason to see the slowdown."The bank has also cut the growth projection for Hong Kong's economy to 2.4 percent this year.

This is down from the 2.8 percent estimate for 2015.

Wei Shangjin says the slowdown of the mainland economy is the driving factor.

"The slow- down in the mainland economy has a huge impact on Hong Kong, because Hong Kong is the middleman of the mainland trade and investment. The two sides are closely intertwined as Hong Kong is the hub of finance and service. Mainland tourists are also a big source of Hong Kong's tourism industry. "The new ADB projections do suggest inflation throughout the developing countries in Asia is projected to slow down through the rest of the year.

The Bank is suggesting this is mostly due to lower global commodity prices.

For CRI, this is Li Jing in Hong Kong.

China allows int'l banks to issue RMB bondsChinese regulators have announced they're allowing international commercial banks to issue RMB bonds for the first time.

HSBC and Bank of China's Hong Kong division have been given approval to issue RMB bonds in the interbank bond market.

HSBC has been authorized to issue bonds worth one billion yuan.

Bank of China Hong Kong is being allowed to issue 10 billion yuan worth of renminbi bonds.

LeTV wins exclusive broadcasting rights to EPLLeTV Sports has launched an online channel in Hong Kong.

As part of the launch, LeTV has purchased the rights to broadcast Premier League matches live on its digital platform in Hong Kong.

Le Holdings Hong Kong chief Tim Mok.

"Why did we choose Hong Kong? Hong Kong is so small and it does not have a lot of resources. Actually, the reason for this is very simple. I'm a Hongkonger. I'm very familiar with the market. The most important thing is, I love Hong Kong."LeTV subscribers in Hong Kong will be able to stream Premier League matches live on their smartphones, tablets and smart TVs.

Richard Scudamore is the Executive chair of the English Premier League.

"My purpose here today is straight forward. I am here to support the exciting future of the Premier League in Hong Kong with our partner from 2016, Letv. We are very excited about the innovation, about the excitement and about the plans Letv have for bringing the Premier League in all its rich glory to the fans in Hong Kong."LeTV's contract with the English Premier League runs until 2019.

Xiaomi debuts as MVNO operatorChinese smartphone maker Xiaomi has unveiled 2 prepaid wireless plans in its debut as a mobile network operator.

Xiaomi is hoping to compete against China's three state-owned telecom providers.

Xiaomi's new wireless business, "Mi Mobile," offers voice and data services.

Users can choose to be run through either China Unicom or China Telecom's networks.

Xiaomi has also unveiled a new handset called the Mi 4C.

It's an Android smartphone featuring a Qualcomm processor.

SportsNational Athletics Championships RecapIn Athletics,Chinese sprinter Zhang Peimeng has claimed the title in men's 100-meter's event at Chinese National Athletics Championships in the city of Suzhou in Jiangsu.

Rising star Su Bingtian did not take part in the race.

In men's high jump,Beijing's Wang Yu took the gold medal, clearing 2.24-metres.

Tan Kun from Shandong took the men's discus event.

On the women's side,Wei Yongli from Guangxi has taken gold in the women's 100-meter event, clocking at time of 11.41 seconds.

Xu Xiaoling claimed the title in the women's long jump.

And it's Guizhou's Ding Changqin winning the women's 10-thousand-meter event.

Bayern Munich Beat VfL Wolfsburg 5-1In football,Bayern Munich hammered VfL Wolfsburg 5-1 earlier this morning in the German Bundesliga.

The victory moves Pep Guardiola's Bayern to the top of the league standings, three points ahead of Borussia Dortmund.

---------------In English League Cup action,Kevin De Bruyne has scored again to help Manchester City with a 4-1 win over Sunderland.

With the victory, Manchester City has reached the fourth round of League Cup.

---------------Later today,Struggling Newcastle United will face Sheffield in the English League Cup.

Newcastle head coach Steve McClaren.

"It's a big game for us. It's a massive game for us. There's no two ways about it. And the reaction from the players - and you need to see this and it needs to be demonstrated on the field - but, you know, three, four, five of them already have come and said 'I don't want a rest tomorrow, I don't want a rest I want to play'... and that's what we need."Newcastle is winless after six matches and sit second from bottom in the English Premier League.

Zheng Saisai Advances at Guangzhou OpenIn tennis action here in ChinaZheng Saisai is into the second round at the Guangzhou Open, beating Aleksandra Krunic of Serbia in straight sets.

China's Zhang Kailin is also through after a straight sets win over Ons Jabeur of Tunisia.

Seeds including Romania's Simona Halep, Sara Errani of Italy and Serbian Jelena Jankovic have progressed.

However, 2nd seeded Andrea Petkovic wasn't as lucky.

She went down to Puerto Rico's Monica Puig 6-1, 6-4.

--------------From the Korea Open,Irina-Camelia Begu of Romania, Johanna Larsson from Sweden, and American Varvara Lepchenko all reached the second round after winning their matches in straight sets.

--------------At the Pan Pacific Open,The fifth seed Angelique Kerber has made it to the second round of the tournament, knocking out Russia's Daria Gavrilova 6-2, 6-2.

Aussie Samantha Stosur, Belinda Bencic from Switzerland, and American Madison Brengle are also through.

--------------In ATP action on the mens' side.

Cypriot Marcos Baghdatis is into the 2nd round of the St Petersburg Open after getting past Ernest Gulbis in a three set affair.

He's up next against Spain's Tommy Robredo, who downed Poland's Jerzy Janowicz in three tight sets.

Ding Jianjun Wins IWF Grand Prix FuzhouIn weightlifting,Chinese lifter Ding Jianjun has claimed the title in the men's 62-kilo snatch event at the International Weightlifting Federation in the city of Fuzhou in Fujian.

"Yes. It's great. I haven't been training that much in the past few months. This is mostly because I think training too much will affect my body in a negative way. So I'm happy with the result."China's Huang Minhao finished third in the 62-kilo event.

In men's 77-kilo event, it was China's Liao Hui claiming the title.

Ning Zetao to Compete at 2015 FINA Swimming World CupIn swimming,World champion Ning Zetao has confirmed his attendance at the forthcoming FINA Swimming World Cup event at the end of this month here in Beijing.

The 22-year-old will be competing in the men's 50-meter butterfly.

"I have already begun my training and I will continue my training till the coming 6th Military World Games in South Korea. Once I hit the pool, I will go all out, no matter what the results will be."Ning Zetao won the men's 100m freestyle gold at the World Championships last month in Kazan.

He's the first Chinese man ever to win a swimming event at a World Championships.

However, he followed that up by only finishing 8th in men's 50-meter butterfly at the National Swimming Championships earlier this month in Anhui.

China to Face Singapore Tonight at Asian Men's Basketball ChampionshipsIn basketball,China's men's basketball team is set to take on Singapore tonight in the opener of this year's Asian Men's Basketball Championships in Hunan's capital, Changsha.

China finished 5th in the last edition in 2013.

A total of 16 teams are taking part.

China is in group C with South Korea, Jordan and Singapore.

The winner of the tournament will automatically qualify for the Olympics next year.

In other action tonight,It's Iran taking on Japan.

South Korean will be up against Jordan.

Poland Beat Japan 3-1 at Volleyball World CupIn volleyball,Poland has rallied to beat hosts Japan 3-1 for their 10th consecutive win at this year's Men's World Cup.

Poland is now the only unbeaten team at the tournament, and lead the tournament with 29 points.

Team USA and Italy are 2nd and 3rd.

Poland is next up against the Italians, who defeated Argentina 3-1 yesterday.

In other action,The United States blaned Russia 3-0.

Egypt surprised Venezuela 3-1.

And it was Canada blanking Iran 3-0.

Fiji look to bounce back from England defeat against AustraliaIn rugby,Fiji is set to take on Australia tonight in their second match at the Rugby World Cup in Cardiff.

Fiji head coach John McKee:

"Short turnarounds are always tough but we bounced back pretty well from the game on Friday, we had a good recovery day and some good training so the boys are ready to go."Fiji lost their opener to England 35-11.

-------------In other action,Following their massive upset of two-time champion South Africa in their World Cup opener, Japan will be up against Scotland tonight.

Japanese head coach Eddie Jones.

"When you've played a big game it's hard to come back down, but their focus is pretty good, we had a good meeting today, the players' minds seem to be in the right place, but we'll know at two-thirty tomorrow."Scotland have won all four of their previous meetings with Japan.

But Japan are now ranked 11th in the world standings, one ahead of Scotland in 12th.

Rickie Fowler preview Tour ChampionshipIn golf,Ahead of the Tour Championships, Rickie Fowler says he is looking for a good week in Atlanta.

It was cool to see what Jason (Day) did last week and to have a front row seat, it was very impressive. He's definitely made a name for himself, now world number one, he's very deserving. He's definitely played incredibly this summer and I think it's been a long time coming for that to happen. Golf's in a great spot right now, we've got a lot of guys playing well and hopefully we can all continue to do that."Jason Day has claimed the title at the BMW Championship.

It vaulted him to No. 1 in the world ranking.

The Tour Championships will start from this Thursday till Sunday.

Entertainment The 2nd Silk Road International Film Festival Kicks off -by yangyangThis year's Silk Road International Film Festival is underway in Fujian's capital, Fuzhou.

India is the guest of honor this year.

Indian-produced film "Let the Heart Beat" has premiered at the opening ceremony.

The film is about a family that takes a trip that changes them forever.

Indian director Zoya Akhtar says she believes her film will resonate with Chinese audiences.

"I think human stories are related and they go beyond borders. At the end of the day, China, India, America and Australia, emotionally people are the same. So if there is a story that emotionally relates people, I think it will connect.

Chinese stars Jackie Chan, Fan Bingbing, Yao Chen, Zhang Guoli and director Chen Kaige are due to take part in the Silk Road International Film Festival's closing ceremony on Saturday.

Jay Chou voices for Kungfu Panda 3It's been revealed Jay Chou has done one of the voices for "Kungfu Panda 3."A trailer has come out with Jay Chou voicing the character of the monkey among the so-called "furious five."In this edition of the "Kung Fu Panda" series, Po has to train a village of clumsy, fun-loving pandas help stop a vilain which has stolen the Kung Fu powers of the masters.

TJackie Chan, Mini Yang, Jiang Wu and Huang Lei also have voice-over roles in the film.

"Kung Fu Panda 3" is set for release in China and US on January 29th.

Saint Seiya: Legend of Sanctuary to be screened in ChinaJapanese animated film "Saint Seiya: Legend of Sanctuary" is going to be screened in Chinese theatres.

The film, directed by Keiichi Sato, was released last year.

It's based on a manga comic called "Saint Seiya."It is the 6th film based on the series.

A date for the release of "Saint Seiya: Legend of Sanctuary" in China hasn't been set.

Another Japanese animated film "Stand by Me Doraemon" hit Chinese theatres in May.

It gross over 500 million yuan in China.

Another Japanese animation, "Detective Conan: Sunflowers of Inferno," is due to be screened in China on October.

Adele new album: Singer favorite to headline Glastonbury festival during comeback in 2016It's being reported Adele may be the headliner for next year's Glastonbury festival.

If the reports are true, it could mark her return to music.

Adele fans have been waiting to hear anything from the 27-year-old for the last 4-years since the release of her second studio album "21."That was a bestseller in 2011, selling more than 30 million copies worldwide.

It's being reported Adele is in-studio recording tracks for the release an LP in November.

Paul Rudd attends premiere of 'Ant-Man' in ChinaPaul Rudd and Peyton Reed walked the red carpet in Shanghai on a rainy Tuesday night for the Chinese premiere of "Ant-Man."Rudd stars as the diminutive title character in the superhero movie, based on the Marvel comic of the same name.

A conman recruited for the ultimate heist, he wears a super-suit which allows him to shrink in size but increase in strength.

The role is a departure for Rudd, who also co-wrote the film's screenplay.　Previously, he has starred in adult comedies including "The 40-Year Old Virgin," "Knocked Up," and "Dinner for Schmucks."The film also stars Michael Douglas as Ant-Man's scientist mentor, Dr. Hank Pym.

"Ant-Man" is officially released in China on 16 October 2015.

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

Recapping our top stories this morning...

Chinese President Xi Jinping has arrived in Seattle for the first leg of his current visit to the United States.

CRI plays host to a discussion among Chinese and US college students to talk about their understanding of one-another's countries.

Chinese Premier Li Keqiang has taken part in a briefing connected to last month's deadly blasts in Tianjin.

In Business.... new plans have been announced to take the "negative list" approach across China in the next 3-years.

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