:00:15. > :00:20.As China begins the process of handing over power to a new
:00:20. > :00:27.generation of leaders, the outgoing President calls for an end to
:00:27. > :00:33.corruption. Raise the public's awareness of anti-corruption and
:00:33. > :00:37.reform in key areas. Beerly a week after Superstorm Sandy, residents
:00:37. > :00:44.of New York face further weather chaos, with snow and high winds.
:00:44. > :00:49.Bishop Justin Welby is to be named as the new Archbishop of Canterbury.
:00:49. > :00:55.Welcome to BBC World News. Also in this programme: The battle
:00:55. > :00:58.to save the euro continues. A narrow "yes" vote in Athens gives
:00:58. > :01:03.breathing space to the European Central Bank. As the handover of
:01:03. > :01:13.power gets under way in China, we will examine trade links between
:01:13. > :01:25.
:01:25. > :01:30.Hello. Welcome. It is all change in China - the process of a once in a
:01:30. > :01:32.decade power transfer in the world's most populous country has
:01:32. > :01:38.begin. The Congress of the Communist Party has started. What
:01:38. > :01:41.will happen over the next week? More than 2,200 delegates from
:01:41. > :01:45.across China will gather in Beijing for the Congress. It has been
:01:46. > :01:49.meeting since the 1920s and is held every five years. It provides a
:01:49. > :01:53.platform to assess the country's progress and announce new policies.
:01:53. > :01:57.This year is particularly important, because it marks the once in a
:01:57. > :02:03.decade leadership change. The current President, Hu Jintao is
:02:03. > :02:08.expected to be replaced by Vice- President Xi Jinping. Well, the
:02:08. > :02:17.President has opened the Congress with a call to colleagues to combat
:02:17. > :02:23.corruption, but maintain firm political control.
:02:23. > :02:28.They came from across China - the hand-picked delegates from, a
:02:28. > :02:35.Communist Party, 80 million strong. This is political theatre on a
:02:35. > :02:39.grand scale. It is a display of unity. After a deck daid in power
:02:39. > :02:45.the President is stepping down. Under his leadership, China has
:02:45. > :02:51.become the world's second largest economy. His successor, Xi Jinping,
:02:51. > :02:55.looked on, surrounded by former leaders. The President highlighted
:02:55. > :03:03.the country's achievements, but warned corruption could prove fatal
:03:03. > :03:07.to the party. TRANSLATION: We must crack down on corruption at all
:03:07. > :03:11.times and thoroughly investigate cases of corruption. Anyone who
:03:11. > :03:16.breaks the law, whoever they are, must be brought to justice, without
:03:16. > :03:22.mercy. Away from the Congress, normal life
:03:22. > :03:26.continues. In China the party decides. The public has no say. The
:03:26. > :03:33.future of one billion-plus people will be decided by just a handful
:03:33. > :03:38.of men. This woman says that the President has done a great job and
:03:38. > :03:43.she is confident he will pick the right successor. But this man
:03:44. > :03:49.doesn't want to talk about politics. He says he will get in trouble as
:03:49. > :03:54.soon as we leave. It is a reminder that despite all the remarkable
:03:54. > :03:58.changes this country remains an authoritarian state. China may be
:03:58. > :04:02.richer than it was ten years ago, but it is not necessarily better
:04:02. > :04:07.off. There is growing public resentment here over official
:04:07. > :04:11.corruption and the gap between rich and poor and how the new leaders
:04:11. > :04:18.address these issues will almost certainly define their decade in
:04:18. > :04:23.power. Joining me from Hong Kong is
:04:23. > :04:28.Raymond Li, the head of the BBC's Chinese service. No swing states,
:04:28. > :04:31.no polls showing leaders are neck and neck, but apart from that,
:04:31. > :04:40.there's little difference in how much influence Chinese politics has
:04:40. > :04:45.on the rest of the world? Absolutely, given the status of
:04:45. > :04:50.China now adays in the global world and also the dominance of the
:04:50. > :04:55.economy and, so I think, in many ways, perhaps the leadership
:04:55. > :05:00.changes in China, we are more important than the one in America
:05:00. > :05:05.and given the fact we are predicting the Chinese economy will
:05:05. > :05:10.be the largest in the world in the next ten or 15 years. People may
:05:10. > :05:13.not have a say, they may not be able to vote, but when they talk
:05:13. > :05:23.about combating corruption, bridging the gap between rich and
:05:23. > :05:23.
:05:23. > :05:27.poor, just how genuine is that? Well, certainly, I think in the way
:05:27. > :05:35.Chinese leaders are also very keen to resolve the issues. There's no
:05:35. > :05:40.doubt about it. They realise the seriousness of the issues. It was
:05:40. > :05:43.mentioned at the party Congress earlier today. If they cannot
:05:43. > :05:48.resolve the corruption issues, actually that will be the end for
:05:48. > :05:52.the country and for the party. So, it's fair to say they are also very
:05:53. > :05:58.keen to resolve the issue. However, to many people in China, I think
:05:58. > :06:05.what they are expecting from the party Congress this time is some
:06:05. > :06:10.real measures from the senior party leaders and actions, rather than
:06:10. > :06:13.just empty talk. Unfortunately, so far, they have not seen much in
:06:13. > :06:17.that front. Just how much of a clampdown has there been on
:06:17. > :06:27.dissidents and people wanting to express their views during this
:06:27. > :06:28.
:06:28. > :06:33.week? Well, in a way that we already know that there is very
:06:33. > :06:37.heavy security and implemented in Beijing, around Beijing and even
:06:37. > :06:42.before the party conference started. Actually, start from the beginning
:06:42. > :06:47.of November, a lot of security measures already are implemented.
:06:48. > :06:53.But then, I have to say, this is nothing really new in China. Even
:06:54. > :06:58.before, when ever there was a big event or big day, and similar kind
:06:58. > :07:03.of measures would be implemented by the authorities to ensure nothing
:07:03. > :07:10.will happen which they don't like to see. Raymond Li, in Hong Kong,
:07:10. > :07:14.thank you. Here in Britain, the Bishop of Durham, Justin Welby l be
:07:14. > :07:19.confirmed as the new Archbishop of Canterbury. He has been a Bishop
:07:20. > :07:23.for less than a year. If confirmed, he will be the spiritual leader of
:07:23. > :07:29.77 million Anglicans around the world. An official announcement is
:07:29. > :07:33.expected on Friday. Bishop Justin Welby belongs to the Evangelical
:07:33. > :07:39.wing of the Church. He did not start out as a front-runner. He has
:07:39. > :07:45.an unusual CV. He spent 11 years as an oil executive before retraining
:07:45. > :07:50.as a priest. He said he was unable to get away from the sense of God
:07:50. > :07:55.calling. He become involved in conflict-resolution in Africa.
:07:55. > :08:02.Attempting to build peace in Nigeria. He was made Bishop of
:08:02. > :08:06.Durham a year ago. He comes from an establishment background. He was
:08:06. > :08:11.educated in Eton. He is married with six children. One of whom died
:08:11. > :08:16.in a car crash as a baby. Let's get more from our correspondent who is
:08:16. > :08:20.in Durham. Hello. Yes, people here in Durham
:08:20. > :08:25.City saying, if he was given the top job, they could not think of
:08:25. > :08:29.anybody better. That is, because as you say, he's only been here a year.
:08:29. > :08:33.He's made a huge impression. He is part of a team of people looking at
:08:33. > :08:37.the regeneration of the north-east of England. He has spoken publicly
:08:37. > :08:41.about job losses here in the past. It is his personality too. He is
:08:41. > :08:46.known for his sense of humour. When he was consecrated a year ago, the
:08:46. > :08:51.BBC asked him, what is it like to be the fourth most senior cleric in
:08:51. > :08:58.the Church of England? He said, I am the most newly ordained, so I am
:08:58. > :09:03.the less experienced. Let's speak now to our guest. Tell us more
:09:03. > :09:07.about this man tipped to get the top job? He is a nice guy. Everyone
:09:07. > :09:13.who meets him gets on with him. He has a gift to speak to all kinds of
:09:13. > :09:19.people. Six weeks ago, I was being introduced to my new parish. We had
:09:19. > :09:23.a large congregation and lots of families A lot of people with young
:09:23. > :09:27.children worry how their children will act. He stood up and said, how
:09:27. > :09:32.lovely to see the people here. He said he had five childrens. He said
:09:32. > :09:35.he can shout louder than any child, please don't worry about your
:09:35. > :09:39.children making a noise or running away. It created a lovely, opening
:09:39. > :09:44.atmosphere. That is such a gift. What challenges do you think he
:09:45. > :09:49.faces if and when he's given the job as Archbishop of Canterbury?
:09:49. > :09:54.The big one coming up, before he starts the job is the vote in the
:09:54. > :10:03.General Synod in two weeks' time, on whether we'll have women Bishops
:10:03. > :10:13.in the Church of England. That is Rowan Williams hopes will be his
:10:13. > :10:15.
:10:15. > :10:20.legacy. It will be a big job for Of sound) He will be hoping that
:10:20. > :10:24.goes through in a couple of weeks. Briefly, he is the Archbishop's
:10:24. > :10:29.special envoy to Africa at the moment. Has that stood him in good
:10:29. > :10:33.sted? I am sure his experience in Africa will be important. His
:10:33. > :10:37.experience as envoy is recentch he has a huge amount of experience
:10:37. > :10:46.working in, particularly Nigeria, doing conflict-resolution there.
:10:46. > :10:52.Africa is such an important part of the worldwide community of
:10:52. > :10:55.Anglicans. As we know this morning, Justin Welby is involved in to the
:10:55. > :11:00.investigation into thely bore fixing scandal. When it comes to
:11:00. > :11:07.the global economy, he has said, "people need hope." That is
:11:07. > :11:13.important, because whoever gets the... (loss of sound.) Apologyed
:11:13. > :11:20.for the loss of sound at the end -- apologies for the loss of sound at
:11:20. > :11:25.the end there. New York and New Jersey have been hit by another
:11:25. > :11:32.powerful storm. Strong winds and heavy snow have disrupted the
:11:32. > :11:39.clean-up efforts and caused homes to lose power. Bob McGee is the
:11:39. > :11:44.spokesman for conEddie son, one of the local -- for Con Edison, one of
:11:44. > :11:52.the local energy suppliers. We have 50,000 knocked out yesterday. It
:11:52. > :12:02.came up the coast and we still have about 71,000 without service, out
:12:02. > :12:03.
:12:03. > :12:09.of one million. How much help are you getting?
:12:09. > :12:14.we have got great co-operation from both the state and the city, of
:12:14. > :12:20.course, as well as the Federal Government. We know that the larger
:12:20. > :12:24.discussion needs to come out of this because way beyond what any
:12:24. > :12:29.utilities can do to protect their systems, if anything, this is about
:12:29. > :12:32.how to protect the city's entire infrastructure, including
:12:32. > :12:35.residential and business communities from ever having to go
:12:35. > :12:39.through this again. What suggestions are you making to the
:12:39. > :12:43.Government? We are bound to be talking about climate change again
:12:43. > :12:45.- this is bound to be something that could be hitting America and
:12:45. > :12:51.these parts of America more frequently. Is there anything you
:12:51. > :12:58.can do to stop the loss of PowerGen, on this scale? Well, this is a
:12:58. > :13:02.larger discussion that we're going to have to have with engineers,
:13:02. > :13:06.urban planners, climate experts, Government leaders. Clearly,
:13:06. > :13:10.difficult choices will have to be made, weighing both the risks and
:13:10. > :13:16.the costs. We have seen how great the risks can be. The costs of
:13:16. > :13:26.changing the way we deliver energy and trying to completely insulate
:13:26. > :13:27.
:13:27. > :13:31.it from Mother Nature's wrath will be astronomical. It will mean some
:13:31. > :13:36.hard choices. We know that, right now, life is not a matter of
:13:36. > :13:41.holding good cards, but sometimes playing a poor hand well. We have a
:13:41. > :13:47.lot of utility workers and mutual aid utility companys from around
:13:47. > :13:52.the country, who have come in to help us get these people back
:13:52. > :13:58.online. Greece voted through important austerity measures last
:13:58. > :14:02.night. You can almost hear the sigh of relief at the central bank.
:14:02. > :14:07.is right. Mario Draghi and his colleagues are meeting to discuss
:14:07. > :14:11.the eurozone, interest rates, what they are going to do to help boost
:14:11. > :14:17.that flailing economy and of course that narrow vote in Greece has
:14:17. > :14:20.allowed them to take a breather and adopt a wait-and-see policy. All
:14:20. > :14:30.likelihood is they will keep interest rates steady. Earlier, I
:14:30. > :14:37.spoke to Paul Mortimer Lee, from BNP Paribas, who told me he
:14:37. > :14:43.believes they will have to have a cut in interest rates. Nijhuis --
:14:43. > :14:46.in any case November is a likely -- December is a likely month to cut
:14:46. > :14:49.rates. For the moment, as you said, it is in the politicians' court to
:14:49. > :14:54.do something. The danger is that the politicians don't seem to want
:14:54. > :14:59.to do very much. The reason is that the market tension has gone away.
:14:59. > :15:03.To be honest, they have become a little complacent. And general
:15:03. > :15:07.consensus seems to be that, more interesting than the ECB meeting
:15:07. > :15:10.itself, will be what Mario Draghi has to say jft wards. What are
:15:10. > :15:17.markets want -- afterwards. What are markets wanting to hear from
:15:17. > :15:22.him? They want to hear that the ECB can and will act once Spain applies
:15:22. > :15:26.for a programme from the European Stability Mechanism. I don't think
:15:26. > :15:31.Mr Draghi will disappoint them. The markets will continue to anticipate
:15:31. > :15:38.that at some stage Spain will ask for the crash and the ECB will then
:15:38. > :15:42.buy its debt. Unfortunately, the day that that is likely to happen,
:15:42. > :15:46.Spain keeps getting put back, it is looking likely we'll have to wait
:15:46. > :15:53.until next year, until the next phase of action is delivered. For
:15:53. > :15:57.the moment, we have got words. The words are comforting and markets
:15:57. > :16:02.are complacent. You mention Spain there, of course - the other key
:16:02. > :16:06.economy and focus is Greece. How important was it for the ECB and
:16:06. > :16:16.for Mario Draghi that that austerity bill did get voted
:16:16. > :16:19.
:16:19. > :16:24.through, albeit by the slimmest of The Greek bail out is up to the IMF
:16:24. > :16:28.and other members of the troika, it is a government-to-government loan,
:16:28. > :16:34.if you like. It is important that Greece took these measures to pave
:16:34. > :16:38.the way for the next slab of cash in its bail out. But there are
:16:38. > :16:43.still substantial obstacles to overcome in Greece. The debt is
:16:43. > :16:46.likely to peak at a massive 190 % of GDP. How are they going to get
:16:46. > :16:54.that down to something which is sustainable? Those questions have
:16:54. > :16:59.not been answered. Thank you. China is in the process of choosing
:16:59. > :17:06.its leaders for the next decade at a Communist Party's 80th National
:17:06. > :17:13.Congress in Beijing. The congress will run for a week, after which Hu
:17:13. > :17:16.Jintao is expected to be replaced as leader by Xi Jinping. China's
:17:16. > :17:19.decade-long economic boom now faces a variety of Headwinds. One nation
:17:19. > :17:26.that is keeping a close eye on developments in Chinese leadership
:17:26. > :17:30.this week is India, as the BBC's Yogita Limaye explains.
:17:30. > :17:35.Chinese exports to India are three times those of India's exports to
:17:35. > :17:40.the country. Relations have also been strained by an ongoing border
:17:40. > :17:45.dispute but dialogue has been improving. Recently, trade
:17:45. > :17:50.ministers next. That is why the change in Chinese leadership is
:17:50. > :17:54.being watched closely here at the India summit of the World Economic
:17:54. > :17:58.Forum by both the government and the business community. China is an
:17:58. > :18:02.important part of the country for India, it is their neighbour, the
:18:03. > :18:11.largest trading partner and we remain engaged. At the same time,
:18:11. > :18:14.continue trying to create a balance and we are seeking markets for the
:18:14. > :18:20.IT contracts, for what the government and Indian
:18:20. > :18:25.pharmaceuticals. Some other business stories.
:18:25. > :18:30.Commerzbank made a profit which was lower than expectations. Germany's
:18:30. > :18:37.number two banks said it expects a week end to the. It has made no
:18:37. > :18:42.comment on German press reports that the Bank is set to slash 6,000
:18:42. > :18:45.jobs. French bank Societe Generale has
:18:46. > :18:51.reported an 8.6 % fall in their third quarter net profits. The huge
:18:51. > :18:56.slump in earnings comes as it has been hit hard by losses in Greece
:18:56. > :18:59.when it sold off a subsidiary with a loss of 100 million euros. That
:18:59. > :19:05.effectively met wipe out the benefits of a brooding trading
:19:05. > :19:15.revenues. -- of improving trading revenues.
:19:15. > :19:21.
:19:21. > :19:25.The aircraft group EADS has... Hawker Beech Croft sort of fall.
:19:25. > :19:29.Hawker is seeking a new owner after talks with a potential Chinese
:19:29. > :19:35.buyer collapsed. India's Kingfisher airline says it
:19:35. > :19:40.lost almost $114 million in the three months to September, after a
:19:40. > :19:44.steep decline in revenues. The debt-ridden Airlines has been
:19:44. > :19:50.grounded for weeks after a protest by unpaid staff and concerns about
:19:50. > :19:56.safety. It says it is preparing a plan to show two regulators and
:19:56. > :20:06.traders shortly. Now a look at the markets. In
:20:06. > :20:06.
:20:06. > :20:10.Europe they have recovered from the losses they made in yesterday.
:20:10. > :20:17.Traders are anxious ahead of the ECB meeting to see what Mario
:20:17. > :20:20.Draghi has to say. You are watching BBC World News.
:20:20. > :20:30.Still to come: Tour de France winner and Olympic gold medallist,
:20:30. > :20:33.Bradley Wiggins, is hospitalised after colliding with a car.
:20:33. > :20:38.The Australian government has begun an investigation into the slaughter
:20:38. > :20:42.of more than 20 thousands sheep in Pakistan. The decision follows the
:20:42. > :20:47.broadcast of graphic video showing the cull being carried out in an
:20:47. > :20:52.often brutal manner. Australia has also suspended the shipment of live
:20:52. > :20:57.sheep to Pakistan while the investigation continues. This
:20:57. > :21:01.report contains graphic images. To the slaughter took place in
:21:01. > :21:05.Karachi two months ago, but these pictures have only just emerged.
:21:05. > :21:09.The Pakistani authorities as the animals were infected. The
:21:09. > :21:14.Australians denied it. It is the brutal way in which the sheep were
:21:14. > :21:18.killed which has called such shock in Australia. The animals had their
:21:18. > :21:22.throats cut without being electronically stunned first and
:21:22. > :21:26.many were still breathing when they were dumped in pits. It really
:21:26. > :21:32.pulls the heart strings on farmers. We spend our lifetime raising stock
:21:32. > :21:37.and to see them treated but that is pretty devastating. 20,000 sheep
:21:37. > :21:41.were slaughtered over 100 days. Julia Gillard, the Australian Prime
:21:41. > :21:46.Minister, has called on her Pakistani counterpart to carry out
:21:46. > :21:50.a full inquiry. I was very clear about Australia's concerns, very
:21:50. > :21:54.strong in raising those concerns and very clear that this is
:21:54. > :21:58.something which has distressed the Australian people. While many
:21:58. > :22:03.countries preferred to import live sheep for their own religious and
:22:03. > :22:09.cultural reasons, welfare groups say this slaughter in Pakistan
:22:09. > :22:12.shows the time has come to ban such exports. It we should not export
:22:12. > :22:17.animals to countries like Bahrain and Pakistan which can act in such
:22:17. > :22:20.a capricious, unfounded and inhumane way. It is because of
:22:21. > :22:24.concerns like that that the Australian farmers' federation has
:22:24. > :22:29.put a ban on live exports to Pakistan, just like they did last
:22:29. > :22:34.year with cattle to Indonesia, after similar shocking footage
:22:34. > :22:42.emerged of animals being mistreated. Many countries ship animals around
:22:42. > :22:46.the world. This latest incident shows the system is still flawed.
:22:46. > :22:54.There has been a large explosion in an electricity parked in the
:22:54. > :22:58.Netherlands. A boiler exploded sending clouds of steam into the
:22:58. > :23:08.sky. Officials say no one was injured and power supplies have not
:23:08. > :23:10.
:23:10. > :23:13.This is BBC World News, the headlines.
:23:13. > :23:16.As China begins the process of handing over power to a new
:23:16. > :23:23.generation of leaders - the outgoing president calls for an end
:23:23. > :23:28.to corruption. Bishop Justin Welby is to be named
:23:28. > :23:31.the Archbishop of Canterbury, the spiritual leader of 77 million
:23:31. > :23:35.Anglicans. The winner of this year's Tour de
:23:35. > :23:39.France, the cyclist Bradley Wiggins, is recovering in hospital after a
:23:39. > :23:42.collision with a car while cycling near his home in Lancashire.
:23:42. > :23:52.Wiggins was reported to have rib, hand and wrist injuries from the
:23:52. > :23:55.
:23:55. > :24:05.incident but they are not sure thought to be serious. Dan Roan has
:24:05. > :24:10.
:24:10. > :24:20.been finding out what happened. Just outside this garage, you can
:24:20. > :24:33.
:24:33. > :24:43.see this here. This was on a busy dual carriageway. INAUDIBLE. A
:24:43. > :24:44.
:24:44. > :24:54.white Vauxhall Astra car was coming out of here. The only signs of any
:24:54. > :24:56.
:24:56. > :25:06.incident are the wing mirror which is in bits on the grass beside us.
:25:06. > :25:06.
:25:06. > :25:50.Apology for the loss of subtitles for 43 seconds
:25:50. > :25:55.Eyewitnesses I have spoken to say When it comes to Bradley Wiggins,
:25:55. > :26:00.there is a special concern. There are no racist to worry about in the
:26:00. > :26:07.immediate future. -- there are no races but to worry about. We await
:26:07. > :26:11.further developments. The Syrian President Bashar al-
:26:11. > :26:14.Assad has again refused to be forced out of power, saying he will
:26:14. > :26:18.live and die in Syria. In an interview with Russia TV, Assad
:26:18. > :26:21.vowed to stay in the country and said he was not a puppet of the
:26:21. > :26:24.West. It comes just days after the British prime minister David
:26:24. > :26:33.Cameron suggested the Syrian leader could be allowed safe passage out
:26:33. > :26:39.of the country if it would guarantee an end to the violence.
:26:39. > :26:44.Finally, a Picasso masterpiece is to be auctioned today. The 1932
:26:44. > :26:51.painting is one of nine works up for sale at Sotheby's. The auction