CCTV Script 06/01/15

— This is the script of CNBC's news report for China's CCTV on January 6, Tuesday.

It may not be long until you can drive hands free and foot free on the high way. This is Audi's a7 pilot-less car. We took it for a spin to see how the tech works.

I'm around the highway just outside of Pasadena, California, the vehicle has let me know that it's ok to take control. I press these two buttons right here, an LED strip on the front dashboard as well as the instrument panel lets me know that the piloted driving tech is in control of the car and that's it. Now we are hands free, foot free, you can't see my feet but I'm not controlling the acceleration or the breaking of this vehicle.

As we're driving down the highway here toward San Francisco, if there is a car that slows down in front of us and we need to lane change, there are 20 sensors in this vehicle that are measuring the other vehicles that are on the road, if it's safe to make a lane change, it will do so. Now this technology only works on the highway. When you need to exit the highway where you need to slow down and go into street traffic, the vehicle will tell us.

Now we're turning right now, I'm not controlling the vehicle at all. But in about a half a mile or so, it's going to tell me that our next exit is coming up here and it's time for me to take control of the vehicle which is basically pressing 2 buttons, 15 seconds until it deactivates, I press these 2 buttons right here. Let's me know that I am now in manual driving and I'm taking control.

In fact I'm going to lane change here, do it the old fashioned way, looking out the back window to make sure it's time to get off at our exit here.

For now this A7 piloted driving test car is just that, a test car. But Audi believes much of the tech will be incorporated into other Audi models within the next couple of years



[MARK KONYN / CEO, Cathay Conning Asset Management] "The Chinese authorities have been watching the situation very closely and have taken the opportunity to accumulate strategic reserves of oil and take advantage of the lower prices and is the case globally. Next importers, or economies that are driven by domestic demand in the case of Europe and the U.S. are going to benefit overall from the lower oil prices."

[JONATHAN BRODSKY / Managing Director, Advisory Research] "Indonesia and india with fuel subsidies, c/a deficits really stand to benefit as prices come down, for countries that could struggle from this like Australia and malaysia you could see 100 -200 basis points of growth below expectations."

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