The Beijing HourMorning EditionSpencer Musick with you on this Tuesday November 17th 2015.

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

Coming up on the program this morning...

Chinese President Xi Jinping announcing that China will host the 2016 Group of Twenty summit in Hangzhou...

The death toll after a massive landslide in east China's Zhejiang Province rising to 26, with 11 missing.....

French President Francoise Hollande addressing both houses of the country's parliament in the wake of the deadly attacks in Paris...

In Business.... China's Tsinghua Unigroup set to make a big investment in the chip industry...

In Sports.....results from the latest round of NBA action...

And in Entertainment.... Award-winning film 'A Fool' finally premiering in Beijing...

Top NewsChina to host 2016 G20 summit in Hangzhou on Sept. 4-5: XiChinese President Xi Jinping has announced that China will host the 2016 Group of Twenty (G20) summit in Hangzhou, capital of eastern China's Zhejiang province.

Addressing a working lunch during the 10th G20 summit in Turkey, Xi Jinping says the theme of the summit will be "Building an innovative, invigorated, interconnected and inclusive world economy."Chen Fengying, a researcher from China Institute of Contemporary International Relations, has elaborated on the upcoming Hangzhou summit:

"The Hangzhou Summit focuses on innovation, which lies in the innovation of growth patterns as well as the innovation of institutions. It also calls for the reform of global economic governance, which I think will be the highlight of the summit. Meanwhile, the Hangzhou summit will work on a mechanism to build an open, transparent and inclusive global economy. "China is set to take over the presidency of the G20 on Dec. 1 and a series of related meetings will be held next year.

Meanwhile, US President Barack Obama has voiced support for China's presidency, saying that he looks forward to attending the Hangzhou summit.

Hangzhou, best known for its scenic West Lake, has a population of nearly 9 million and is the largest city of Zhejiang Province.

Zhejiang, well-known for its robust privately owned businesses, ranked fourth among the 31 provincial-level regions on the Chinese mainland in terms of GDP in 2014.

Xi Jinping worked in Zhejiang between 2002 and 2007 as head of the provincial Party committee.

Latest Round of G20 Summit Concludes in TurkeyThe latest round of the G20 summit concluded in Turkey on Monday.

Leaders attending the summit have vowed to strengthen global economic recovery. The meeting's communiqué said the countries remained committed to lifting their collective GDP by two percent by 2018, a goal previously set in 2014.

The leaders also acknowledged the WTO's central role in supporting global trade. They pledged to ensure that bilateral, regional and other trade agreements will contribute to a stronger global trade system under WTO rules.

Other economic and trade issues addressed included global tax reforms, job creation, eradicating poverty and combating corruption.

Regarding climate change, the leaders hoped the upcoming Paris conference will set out a fair and ambitious plan, to ensure development and climate protection. The leaders also iterated their commitment and unity in combating global terrorism.

Hangzhou Gears up to Host 2016 G20 SummitAnchorMenahwile, preparations are already underway in Hanghzou for the 2016 G20 Summit in China, just as the 10th G20 summit has concluded in the Turkish resort city of Antalya.

CRI's Luo Bin has more.

ReporterThe venue for hosting the 2016 G20 Summit lays alongside the beautiful West Lake in Hanghzou, in the eastern province of Zhejiang.

The location was initially designed for international exhibitions and meetings, but has been upgraded in order to meet the needs of such a high level event as a G20 Summit.

Xue Xiaoyong, who is responsible for upgrading the venue, says crews are now working around the clock to finish the interior fitting and decorations.

"Its design and construction need to be adjusted to meet the Summit's requirements, such as the acoustic system of the meeting rooms, rest areas for leaders, and also the security system,"Hangzhou is famous for its beautiful scenery that attracts millions of tourists every year. It has also becoming the hotbed for China's Internet start-ups including the Internet giant Alibaba, which is headquartered in the city.

Yang Xiaoyong, with the Hangzhou City Commission of Economy and Information Technology, says hosting the G20 summit will help accelerate the development of the city's Internet industry:

"Hangzhou is planning to become a global hub for e-commerce, cloud computing, and big data, as well as the Internet of Things. We will make the most out of the G20 Summit, and speed up this aspiration,"Meanwhile, Liu Jun, an economic expert from East China Normal University says holding the G20 summit in a city like Hanghzou is in accordance with the current global economic backdrop, which gives great emphasis on internet businesses:

"Beijing and Shanghai have hosted many important international meetings. China wants to show different places to the world this time. I think the topics for next year's G20 Summit will be about global connectivity amid an open and innovative economic backdrop. As one of the leading cities of the Internet sector in China, Hangzhou is an ideal venue."The ongoing Antalya summit has brought leaders from the world's major economies together to discuss strategies to boost global economic growth. Many leaders from the summit believe China is important for stability in the global economy and expect China can play a more constructive role.

For CRI, I'm Luo BinChina should Focus on Developing Countries in Next Year's G20: OfficialAn economic expert has suggested the next G20 summit, which will be held in Hangzhou City, China, should give more weight to developing countries.

Güven Sak, Chair of Think 2O, made the suggestion while taking part in the just-concluded Antalya Summit in Turkey.

Issues such as the development of low income countries and infrastructure have been widely discussed among G20 leaders in Antalya.

Yet Sak says this is far from enough and expects China will help push for more Infrastructure Investment in developing countries:

"Regarding infrastructure investments, major issue is about funding. The funds are already existing. The issue is bringing them to the investment projects basically. So when you look at it that way, both AIIB and also One Belt One Road are good projects for infrastructure investments. But they are going of course beyond infrastructure investment, and their meaning is also beyond economies."As China is the largest developing country in the world, issues related to developing countries are expected to be laid out during the 2016 Hangzhou summit.

China outbound investment surge reinforces growth confidenceChina's overseas nonfinancial investment during the first 10 months of 2015 surged 16.3 percent year on year, which is seen as a stabilizer of world economic growth.

Data released by the Ministry of Commerce showed that the mainland made nearly 590 billion yuan or 95 billion U.S. dollars in outbound direct investments during the period.

Jiang Wenbin, deputy director of the Cooperation Department of the Ministry of Commerce, says Hong Kong remains one of the most popular destinations for ODI from the mainland this year.

"Half of the outbound direct investment flow into Hong Kong SAR, which is attracting a huge number of mainland investors for its status as an international financial center. Many mainland companies have made foreign investment actively through their satellite offices set up in Hong Kong. From Jan to Oct the mainland investors made 48.2 billion U.S. dollars ODI in Hong Kong SAR, accounting for 50.6 percent of the total amount of the FDIs made in that period."Jiang attributed the surge in ODI growth to China's Belt and Road initiative. He said the project has provided a new economic impetus by promoting international cooperation and increasing production capacity.

"Over the past 10 months, Chinese companies made outbound direct investment in 49 countries in the Belt and Road region, accomplishing a 36.7 percent year-on-year increase to reach nearly 13.2 billion U.S. dollars."ODI projects covered a wide range of fields including transportation, residential construction, electric power engineering and petrochemical industries.

China landslide death toll rises to 26Five more bodies were found after a massive landslide buried dozens of homes in east China's Zhejiang Province, bringing the death toll to 26, with 11 others still missing.

Rescuers conducted a safety exercise on Monday to locate survivors in the city of Lishui, where the massive landslide occurred late Friday night.

Ma Haitao, a researcher at the China Academy of Safety Science and Technology said the emergency exercise was aimed at securing the safety of the workers involved in the rescue operation in case of further landslides.

"There are signs of further landslides based on our analysis of the geological activities at the site earlier. So we advised the commander that we will conduct an emergency exercise and develop a forecasting system to ensure a smooth rescue operation."Ma added that monitoring equipment including a slope synthetic aperture radar was used for the landslide assessment.

"The radar is able to detect a slope deformation of 0.1 millimeters. So once there is a large-scale landslide reaching a certain speed, the radar can send out a message in advance so that we can ensure the safety of the rescuers."Fifty professional psychologists have also been sent to provide medical help for family members of the victims.

Wang Lei, a psychologist from Zhejiang's capital city Hangzhou, helped a girl who lost two younger brothers in the landslide and refused to communicate with others after the disaster.

"We used some induction methods like hypnosis, touching motions, body languages to let her cry and speak. These are very effective to her."Rescue efforts are expected to continue throughout the week.

Meteorological experts have warned against further hazards for about 2,300 rescuers who are engaged in the search and rescue.

More than 300 villagers have been relocated.

French President Addresses Parliament Over Paris AttacksAnchorFrench President Francoise Hollande said on Monday that his country's constitution must be amended to better deal with national crises.

CRI's Victor Ning with more.

ReporterIn a rare and somber address to both houses of the French parliament at Versailles, President Hollande said France needed major legal changes to ensure its national security.

Hollande said France should strip dual nationals of their French citizenship if they are convicted of terrorism, and that dual nationals who present security risks should be banned from entry into France.

"Nationality stripping should not be used to induce statelessness, but we should be able to remove someone's French nationality if they're found guilty of a violation of our nation's fundamental interests, or an act of terror, even if this person was born French. You heard me right, even if they are born French, if they have dual nationality."Hollande also said he plans to increase national security spending, strengthen anti-terrorism laws and boost border controls.

Some detailed measures include the creation of 5,000 new jobs in the country's security forces and an addition of 2,500 in prison staff.

Hollande acknowledged some new regulations would break EU's budget rules, but he believed national security should be given priority.

"This will lead to higher spending, which I take responsibility for. But under these circumstances, I consider the security pact prevails over the stability pact."The French President says he has requested meetings meet with U.S. President Barack Obama and Russian President Vladimir Putin to form a coalition facing the terrorists in Syria.

He said France will now strengthen its military involvement in Syria.

Paris is set to hold the 2015 UN Climate Change Conference from November 30 to December 11. Hollande said plans for the conference will not change.

After Friday's attacks in Paris, a State of Emergency was declared in France. Hollande said Parliament will consider a bill to extend the State of Emergency for three months.

Hollande then stressed France's resolve in defeating terrorism.

"We will eradicate terrorism because the French want to continue to live together without fearing those next to them. We will eradicate terrorism because we are attached to freedom and France's influence in the world. Terrorism will not destroy the Republic because it is the Republic that will destroy it. Long live the Republic and long live France."Parliament members welcomed the presidential address with a standing ovation, and concluded the event by singing the French national anthem.

For CRI, I'm Victor Ning.

Brother of Key Suspect in the Paris Terror Attacks not Believe His Brothers InvolvedThe brother of a key suspect in the Paris terror attacks last week said that his family was deeply distressed by the attacks and could not believe that his brother was involved.

Mohammad Abdeslam said he and his family never thought his brother was capable of such violence.

"We don't know with all this tension if he will dare to turn himself in. But you have to remember he grew up here, he studied here, he was a normal boy. My family and I are very distressed by what's happened. We found out about it from the television as many of you did. And we never thought that one of my brothers could be linked to this attack."Mohammad's brother Brahim Abdeslam was a suicide bomber at Comptoir Voltaire cafe in Paris and another brother Salah Abdeslam is currently the subject of an international manhunt.

Belgian federal prosecutors confirmed the two people detained in Belgium on Saturday are being held on terrorism charges for their suspected role.

But officials have given no further details of the two.

The shootings and explosions last Saturday in Paris left 132 dead and hundereds more injured.

Obama says US had no 'specific' intelligence on Paris attacksUS President Barack Obama said Monday the United States had no precise intelligence warning of the Paris attacks that have been claimed by the Islamic State jihadists.

He made the statement following a gathering of leaders of the Group of 20 top world economies in the Turkey's resort Antalya.

Obama said the United States has agreed to speed up its sharing of military intelligence with France to try to avert such assaults in the future. And his country is working closely with France in its investigation of the attack and its hunt for suspects in the attacks.

"What is different this time and what gives us some degree of hope is that, as I said, for the first time all the major countries on all sides of the Syrian conflict agree on a process that is needed to end this war. And so while we are very clear-eyed about the very, very difficult road still ahead, the United States, in partnership with our coalition, is going to remain relentless on all fronts, military, humanitarian, diplomatic."He added the agreement will allow US personnel to pass threat information including on Islamic State jihadists to France more quickly and effectively.

CIA director warns of possibly more attacks by Islamic StateThe director of the Central Intelligence Agency on Monday warned more attacks may occur following Friday's deadly assault in Paris claimed by the Islamic State.

CIA Director John Brennan says intelligence services right now in Europe and other places are working feverishly to defend against attacks.

Brennan's remarks came the same day as reports surfaced of a new IS video, which claimed that the group planned to target other countries who had participated in counter-IS strikes including the United States.

The attacks in Paris on Friday evening, which killed at least 132 people and wounded more than 350, came just one day after two suicide bombers killed at least 43 in Beirut, Lebanon. The IS had already claimed responsibility for the attacks.

The recent attacks had already raised concerns among U.S. security officials who are worried that the IS's tactics had evolved from seizing territory to launching global attacks on soft targets.

U.S. Navy sends aircraft carrier Truman to Middle East amid intensifying anti-IS campaignThe United States announced on Monday the USS Harry S. Truman aircraft carrier has left for the Middle East to assist the counterterrorism campaign in the region.

The deployment came days after terrorists carried out well-coordinated attacks in Paris which killed at least 132 and wounded more than 350. The Islamic State group has claimed responsibility for the attacks.

According to a statement by the U.S. Navy, the current deployment is part of an on-going rotation of forward-deployed forces to support maritime security operations in the U.S. 6th and 5th Fleet areas of operation.

The U.S. media revealed that Truman will join the French aircraft carrier Charles de Gaulle in the Persian Gulf region to assist the campaign against the IS in Iraq and Syria.

Britain to host Syria donors conference in 2016Britain has said it will host a conference next year to raise new funds for Syrians displaced or plunged into poverty by the Syrian crisis.

The conference, announced in a joint statement by leaders of Britain, Germany, Norway, Kuwait and the United Nations, seeks to help meet the needs of 13.5 million people affected by the Syria conflict within the country, and 4.2 million Syrian refugees in neighboring countries.

It is also intended to identify long-term funding solutions, and address the longer-term needs of those affected by the crisis.

The donor conference is expected to take place in London next February.

Leaders from countries around the world, NGOs and civil society will be invited to attend the conference.

El Nino worst in over 15 years, severe impact likely: UNThe UN weather agency has warned that this year's "El Nino" phenomenon is the worst in more than 15 years.

World Meteorological Association Chief Michel Jarraud said that this El Nino which resurfaced a few months ago has already caused severe droughts and flooding. And it is expected to become even more powerful by the end of the year.

"As I said there is a very strong one which is under way, the surface temperature in the equatorial…in the east-central tropical Pacific Ocean is exceeding 2 degrees Celsius above the normal temperature and that means that this El Nino is one of the three strongest for more than 50 years."WMO published its El Nino update ahead of a conference in New York Tuesday on the climate pattern, and just weeks before a global summit in Paris tasked with sealing a climate change pact.

El Nino is triggered by a warming in sea surface temperatures in the Pacific Ocean. It can cause unusually heavy rains and severe droughts.

The phenomenon usually leaves countries like India, Indonesia and Australia drier, increasing chances of wildfires and lower crop production.

The UN also warned that El Nino could significantly increase the number of people going hungry.

Countries like Sudan, Eritrea, Ethiopia and Djibouti are expected to see drier conditions, and others, including Kenya, Somalia and Uganda are at risk of floods.

Uganda Prepares for the Worst FloodsAnchorUganda is preparing for the worst floodwaters for two decades due to the El Nino system.

The East African country is boosting its emergency funding by some 10 million US dollars.

CRI's Isabel Nakirya reports from Kampala.

ReproterThe weather department predicts the El Nino weather system will last until February 2016.

Uganda's Disaster minister Musa Ecweru warns the rains will cause destruction along its path...

"This is considered to be one of the strongest since 1995, its going to be worse than that and it means the consequences are going to be more grave."The hilly western and eastern parts of the country have already started experiencing mudslides.

Gardens have been washed away and homes destroyed leaving many people homeless.

In Kampala drainages are clogged leaving many parts of the capital flooded.

Mariam Nalubowa lives in one of the affected slums in Kampala.

"When it rains during the night or day time, the first thing i do is wake up and put my children up on a double-decker bed because it floods."The government has earmarked 10 million US dollars but says it could launch an appeal if disaster strikes.

Uganda's disaster minister Musa Ecweru warns the money available may not be enough.

"Partners are willing to support the government of Uganda because they know the so many challenges that we are going through. They know we are doing so many things at the same time and all those things are competing for our limited resource envelop."People living in high risk areas like slopes of hills or swampy places have been advised to relocate to safe places.

The ministry of health is also preparing to d dispatch drugs to health facilities across the country incase sanitation breaks down.

The UN warns the rainstorms could impact on a bigger part of the African continent.

Isabel Nakirya CRI, in Kampala.

Misunderstanding of antibiotics fuels superbug threat: WHOThe World Health Organization has said that people across the world are alarmingly confused about the role of antibiotics, and that this ignorance is fuelling the rise of drug-resistant superbugs.

Margaret Chan, Director-General of the WHO said on Monday that the problem is an increasingly worldwide one.

"The rise of antibiotic resistance is a global crisis. More and more governments recognise the importance of this issue and as one of the greatest threats to health today. The threat is easy to describe - Antimicrobiol resistance is on the rise in every region of the world."Over-use and misuse of antibiotics exacerbates the development of drug-resistant bacteria, often called superbugs.

The WHO said around a third of people surveyed wrongly believed they should stop taking antibiotics when they feel better, rather than completing the prescribed treatment course.

WHO's special representative for antimicrobial resistance, Keiji Fukuda, stressed the urgent need to improve understanding around antibiotic resistance.

"The reason why this is so important is that, this overuse and this misuse of these medicines, is taking what happens normally, resistance can't develop normally; it's just really accelerating the process. It's really jumping it up to a much faster speed."The United Nations health agency said 64 percent of those asked believed wrongly that penicillin-based drugs and other antibiotics can treat colds and flu, despite the fact such medicines have no impact on viruses.

Experts urged doctors to dissuade patients from demanding antibiotics for infections they can't treat, and persuade them to use the drugs strictly according to prescriptions.

WeatherBeijing will be cloudy with a high of 11 degrees Celsius.

Overnight temperatures should drop down to 2.

Shanghai will see moderate rain with a high of 17 and a low of 16.

In Chongqing, it will have slight rain with during the daytime with a high of 17 and lows of 15.

Elsewhere in the world, staying here in Asia,Islamabad will be cloudy with a high of 24.

Kabul will be cloudy with a high of 13.

Over to North America,New York will be cloudy with a high of 12 degrees.

Washington, cloudy with a high of 15 degrees.

Honolulu, cloudy, 30.

Toronto will be overcast with a high of 10 degrees.

Finally, on to South America,Buenos Aires will see slight rain with a high of 29.

And Rio de Janeiro will see slight rain with a high of 27 degrees Celsius.

Headline newsChina to host 2016 G20 summit in Hangzhou on Sept. 4-5: XiChinese President Xi Jinping has announced that China will host the 2016 Group of Twenty (G20) summit in Hangzhou, capital of eastern China's Zhejiang province.

Addressing a working lunch during the 10th G20 summit in Turkey, Xi Jinping says the theme of the summit will be "Building an innovative, invigorated, interconnected and inclusive world economy."China is set to take over the presidency of the G20 on Dec. 1 and a series of related meetings will be held next year.

Meanwhile, US President Barack Obama has voiced support for China's presidency, saying that he looks forward to attending the Hangzhou summit.

Hangzhou, best known for its scenic West Lake, has a population of nearly 9 million and is the largest city of Zhejiang Province.

China to host 4th China-CEE summit next weekThe fourth leaders' meeting of China and Central and Eastern European countries will be held in east China's Suzhou city next week.

The Chinese Foreign Ministry made the announcement on Monday, confirming the gathering will take place on the 24th and 25th.

Leaders from China and the sixteen Central and Eastern European countries will discuss how to further promote cooperation and development.

According to Foreign Ministry spokesperson Hong Lei, Chinese President Xi Jinping will meet these foreign leaders here in Beijing.

Argentina, China nuclear plant agreements bear "historic importance"Argentina and China have signed agreements on building two nuclear plants, which will effectively double the nuclear power capacity of the South American country.

The Argentinean government announced the news on Sunday in Antalya, Turkey, where the G20 Leaders Summit was held.

The government has hailed the agreements as bearing "historic importance."Under the agreements, China's third-generation nuclear reactor design, known as the Hualong One design, will be used.

The nuclear plants will be the fourth and fifth in Argentina.

Beijing, Shanghai senior officials removed from postsSenior officials in Beijing and Shanghai have been removed from their posts for suspected disciplinary violations.

Lyu Xiwen was a deputy Party chief in Beijing. Ai Baojun was vice mayor of Shanghai and head of Shanghai Free Trade Zone.

The announcement of the removal of these two officials was made by the disciplinary arm of the Communist Party of China Central Committee on Monday.

Details of the allegations against them have not been released.

Biz ReportsTurning 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.

U.S. stocks rebounded strongly on an oil recovery Monday, following the terror attacks in Paris on Friday, as investors believed its impact on markets was limited.

The Dow added 1.4 percent.

The S&P 500 jumped 1.5 percent.

The Nasdaq gained 1.2 percent.

U.S. equities gained momentum as oil prices recovered from an early dip. In response, the energy sector surged more than 3 percent as the biggest advancer in the S&P 500's ten sectors.

On the U.S. economic front, the November 2015 Empire State Manufacturing Survey indicates that business activity declined for a fourth consecutive month for New York manufacturers.

The headline general business conditions index was little changed at minus 10.7.

Overseas, European stocks were little changed Monday, as investors digested the potential impact of the Paris attacks.

London's FTSE 100 added half a percent.

Germany's DAX closed flat.

French markets showed resilience on Monday despite an early fall as France continues to mourn Friday's deadly attacks.

Travel and tourism companies took hard hits early in the trading day, but initial losses across the market were modest.

The CAC 40 index opened about 1% weaker, and quickly recovered to trade narrowly positive by late afternoon and finished flat.

Finally here in China, shares recouped sharp early losses, with the benchmark Shanghai Composite Index was up 0.7 percent. The Shenzhen Component Index gained 1.8 percent.

China's B2C market grows by half in Q3The third quarter is generally considered a slow season in the retail industry, but China's online business-to-consumer market grew by nearly half a percent.

According to a report released Monday by Analsys International, transactions reached more than 500 billion yuan or some 80 billion U.S. dollars in the third quarter of this year.

Alibaba's Tmall led the way by claiming a share of 54 percent, followed by JD.com with 23 percent.

The report said e-commerce had entered a new phase where an industry reshuffle and big data applications have both become key factors.

Dalian airport witnesses great increase in express packages following online shopping festivalDalian International Airport in northeast China's Liaoning Province has witnessed a great increase of express packages in recent days.

This comes after the sales boom during China's online shopping festival, also known as the Singles' Day, which falls on Nov. 11.

Since the annual online shopping festival, the airport's daily average cargo volume has exceeded the saturation level of 250 tons.

Wang Minghao, general manager of the airport's freight company says the airport has become the largest in the northeast region in terms of cargo volume, with much cargoes transiting through it.

"Every day there are about 10 to 20 tons of cargo from cities including Shenyang, Dandong and Yingkou transported via Dalian airport. This year the airport's domestic outbound cargo volume has increased nine percent."The airport handled a total cargo volume of more than 210 tons last Sunday, with express packages accounting for 60 percent.

The peak of express package delivery is estimated to last until this Sunday, five days longer than usual.

JD.com Q3 revenue surgesJD.com, China's second largest online retailer, announced Monday its financial results for the quarter ended September.

JD.com posted 44 billion yuan, or some 7 billion U.S. dollars in net revenue, up 52 percent year on year.

Liu Qiangdong founder and CEO of JD.com said the increase in revenue was partly due to an increase in the number of people buying online thanks to WeChat and QQ marketing.

Both are instant messaging apps under Tencent.

JD expects revenue growth to clock in at 47-51 percent in the fourth quarter.

China's Tsinghua Unigroup to Invest 300 Bln Yuan to Build Chip EmpireAnchorChina's Tsinghua Unigroup is expected to invest 300 billion yuan or nearly 50 billion U.S. dollars, in the chip industry over the next five years.

The move aims to help Tsinghua Unigroup to become the world's third-biggest chipmaker.

The company controlled by Tsinghua University is in talks with a U.S.-based company involved in the chip industry.

The planned investment is almost equal to Intel's chip revenue last year.

The deal will be finalized as early as the end of this month.

For more on this, we are joined by Gao Shang, commodity analyst with Guantong Futures.

Taking PointsQ1:What are the motivations pushing Tsinghua Unigroup to invest such a huge amount of money in the chip industry?

Q2:Reports say Tsinghua Unigroup was also in talks about cooperating with a "world-class memory chip giant" to build a new chip factory here in China. How can the company help China to develop an advanced manufacturing industry?

Q3: Currently, Qualcomm holds the No. 3 position in the global chip rankings, behind Samsung Electronics and market leader Intel. If Tsinghua Unigroup becomes the world's third-biggest chipmaker, what kind of influences will it bring to the chip industry both in China and the rest of the world?

Back anchorGao Shang, analyst with Guantong futures.

Goldman Sachs selects six Chinese in 'promotion year'

Goldman Sachs has promoted six Chinese employees from the mainland, including two women, as managing directors.

The promotions will take effect on Jan 1, 2016.

The six Chinese employees were part of Goldman's newly selected 425 managing directors.

Nearly one-third of the assigned managing directors are mellinials born after 1980.

In the newly promoted group, 106 are women, a quarter of the total and the biggest percentage in a single year.

The last Goldman Sachs "promotion year" was 2013 when 280 employees were promoted to managing directors.

At that time, only two Chinese were named managing directors.

Deal to power Marriott as globe's largest hotelierMarriott International is buying rival hotel chain Starwood for US$12.2 billion.

The deal could catapult it to become the world's largest hotelier by a wide margin.

The stock-and-cash deal, if completed, will add 50 percent more rooms to Marriott's portfolio and give it more unique, design-focused hotels that appeal to younger travelers.

The new company would have 5,500 properties with more than 1.1 million rooms around the world, uniting Starwood's brands, which include Sheraton, Westin, W and St Regis, with Marriott's two dozen brands including Marriott's Courtyard, Ritz-Carlton and Fairfield Inn.

The deal is supposed to close in the middle of 2016.

Another 75 enterprises apply for IPOs in A-share marketAs initial public offerings are restarting after four months of suspension, an IPO approval meeting will also resume on Wednesday, signaling progress for IPOs.

According to registration statistics unveiled on Monday, during the four-month suspension of IPO, the China Securities Regulatory Commission has accepted another 75 enterprises.

Along with the previous submission, there are now altogether 682 enterprises waiting in line for IPOs.

Among those enterprises, some are quite familiar, like Dalian Wanda Commercial Properties who again seek to go public in the A-share market.

Xiang-piao-piao Food, China's top milk tea maker, women's dress brands like Dazzle Fashion, Shanghai La Chapelle Fashion, and matchmaking websites like Beijing Youyuan.com also seek to go public.

SportsNBA ResultsIn basketball, take a look at some NBA results:

The Hornets have beaten the Portland Trail Blazers 106-94, extending Portland's losing streak to 5 games.

Nicholas Batum bagged 33 points, 6 assists and 5 rebounds, while Al Jefferson tallied 29 points, 3 assists and 5 rebounds.

Taiwan player Jeremy Lin, who got 5 points and 3 assists, drove the baseline and made a clever behind-the-back pass to Jefferson, and his baskets sealed the win for the Hornets.

Other actions:

The Utah Jazz edged the Atlanta Hawks 97-96.

The Boston Celtics downed the Oklahoma City Thunder 100-85.

The Sacramento Kings defeated the Toronto Raptors 107-101.

And LA Lakers beat the Detroit Pistons 97-85.

There are also several games coming up later this morning.

The Dallas Mavericks will take on the Philadelphia 76ers.

The Indiana Pacers will play against the Chicago Bulls.

And the Portland Trail Blazers will take on the San Antonio Spurs.

Chinese National Team Prepares for 2018 World Cup QualifierOver to football:

The Chinese National Team is now preparing for the World Cup qualifier for the 2018 event which will be held in Russia.

They will play against the team from Hong Kong at a match to be held later today.

Zheng Zhi, captain of the national team, expressed his confidence for the win at a press conference on Monday.

"My self-confidence comes from that I believe my team is a good team. And I know my team-mates very well. And I know Hong Kong has some new players for tomorrow's match. But for us, I think we still have the ability to win the match."Earlier in September, team Hong Kong held the national team to a nihl draw in a match in Shenzhen.

The team from Hong Kong are currently second in Group C of the Asian section of the competition with 13 points, while the Chinese national team are third with 10.

Belgium to Face Spain at Friendly MatchSome other football news:

Belgium is set to face the reigning European champions, Spain, at an upcoming friendly match in Brussels.

Earlier Belgium has defeated 4-time world champions Italy in their first match 3-1.

Marc Wilmots, Belgium manager, says the match will not be canceled and security will be reinforced in the wake of the deadly terror attacks in Paris.

"Except the fact security will be reinforced, I already said that life must go on. Shall we cancel all the games across Europe? People already asked me. We should not be worried, people will be searched, like happened for the game with Israel. I will come for the game in complete security. I would like us to play that game and give the audience a lot of fun. This is sport."The match will be the first friendly between the two nations since 1986 when Spain won 3-0 at home.

Belgium's last triumph over Spain came in a penalty shoot-out in the quarter-finals of the 1986 World Cup in Mexico.

Since then, Spain has won all 5 matches between the two nations.

Andy Murray Beats David Ferrer to Win Opening Match: ATPIn tennis, at the ongoing ATP World Tour Finals in London:

Second seed Andy Murray has got his World Tour Finals campaign underway taking on seventh seed David Ferrer at the O2 Stadium.

Murray finally subdued Ferrer 6-4, 6-4 to get his campaign off to a winning start.

The first set was a tight affair with both holding serve, but Murray upped his game when it counted, finally breaking in the final game to take it 6-4.

Ferrer came out fighting in the second set and secured an early break, but Murray fought back to level at 3-3.

Murray finally broke to clinch the match, completing victory with a volley into an open court.

Graeme McDowell Wins OHL ClassicIn golf:

Graeme McDowell from Northern Ireland has earned his first title of the year on the PGA Tour with a play-off win at the OHL Classic at Mayakoba in Mexico.

McDowell closed with a five-under 66, ending his title drought since the RBC Heritage in April 2013.

Russell Knox from Scotland ended with a matching 66 and American Jason Bohn with a 68.

McDowell later expressed his gratitude to all his supporters.

"I've been dreaming of this day and I said to myself that I was going to appreciate it when it came. So I'm going to appreciate this one, let me tell you, because this year's been a grind, (for) my whole team - caddy, coaches, managers, my wife - it's been a tough year. But this is special. I've stuck to my task the last three or four months, I've kept grinding. A big thanks to everyone who has kept trusting and kept believing in me."He added that it's a nice step back to where he wanted to be and he'll win more Major championships and tournaments in the future.

EntertainmentChen Jianbin's 'A Fool' Released in ChinaAward-winning film 'A Fool' has finally premiered in Beijing after several months of delays.

Director Chen Jianbin, leading cast Jiang Qinqin and Jing Shijia all made their appearance at the premier.

Renowned celebrities including host Yang Lan and actor Li Yapeng also showed up at the premier.

Actress Jiang Qinqin even broke into tears, and thanked the people for supporting their film.

"Although our film has gained some success, we hope to reach more audience, who can understand, enjoy and appreciate the film. Thank you so much for being here today to support the film. A good project can't succeed on its own, thanks again for your support."Based on renowned author Hu Xuewen's novel 'Running Moonlight', the film portrays a shepherd in north China whose life turns upside down, as he offers a homeless wanderer a place to stay.

'A Fool' was postponed for release after lead actor Wang Xuebing was arrested earlier this year on charges of possessing drugs.

Being actor Chen Jianbin's directorial debut, the film helped him win the best leading actor and best new director titles at the 51st Golden Horse Awards.

'A Fool' has also won the award as "Best Debut Film" at the 30th Golden Rooster Awards.

'Spectre' Tops North American Weekend Box OfficeThe 24th James Bond film 'Spectre' sits atop the North American box office during the past weekend, by pulling in some 35.4 million U.S. dollars in sales.

Although the film eyed a 50 percent decline of ticket sales from last weekend, it's still the most-popular movie in North America on Sunday.

This latest installment tells the story of Bond's first encounter with the global criminal gang known as Spectre, and peels back the layers of deceit to reveal the terrible truth behind the agency.

The film's second weekend percentage hold is stronger than the franchise's previous installment.

Meanwhile, 'Snoopy: The Peanuts Movie' sits in the second place during the past weekend, snatching over 24 million dollars in sales.

The story follows Charlie Brown as he attempts to win the heart of a new girl in his neighborhood, with the help of his friend, Snoopy.

This 3D Charlie Brown computer animated adaptation drops 45 percent from last weekend, but still earns some 83 million dollars in 10 days.

In addition, Christmas-themed comedy film 'Love the Coopers' opens in the third place with more than eight million dollars.

Former Pink Floyd Frontman Releases Film 'Roger Waters The Wall'

Former Pink Floyd bassist Roger Waters struck a familiar anti-war tone in releasing his film 'Roger Waters The Wall' on Monday.

It is based on the legendary singer's 'The Wall Live' world tour that took place from 2010 to 2013.

The 72-year-old singer elbaorates on the purpose of making a film from 'The Wall'.

"I had a very clear vision of what it was that I wanted to do. I wanted it to be much more about the general concerns that I have about the way the world is organized and the degree to which we human beings because, to some extent, of these walls, both real and metaphorical, how badly we treat each other and I wanted it to be much more about that."The film also mixed the concert footage with road footage, as Waters travels to numerous locations, reflecting on the impact of war on his own family.

Written and directed by Waters, the film covers performance of songs including 'Run Like Hell' and 'Comfortably Numb'.

'Roger Waters The Wall' was released on DVD, Blue-Ray, Digital Download and 2-disc Blue-Ray Special Edition on November 16th.

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

Recapping our top stories this morning...

Chinese President Xi Jinping announcing that China will host the 2016 Group of Twenty summit in Hangzhou...

The death toll after a massive landslide in east China's Zhejiang Province rising to 26, with 11 missing.....

French President Francoise Hollande addressing both houses of the country's parliament in the wake of the deadly attacks in Paris...

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.