china once those companies to list with china and not overseas. structures could be in the firing line. what would beijing to shut it all down? >> some kind of frustration that after all the attempt to get the alibaba and tencent to enlist in mainland china do not actually succeed. that six months from now. at the end of the day, a lot of the companies that are listing , they want a hard currency exit, which means outside of china. suddenly, you have the renminbi that you cannot get out very easily or you own shares in a listed company that cannot liquidate as easily. they want their money and u.s. dollars outside of china. if they cannot get that liquidity back out, they will not be interested. i do not think it will happen tomorrow, but in the next five years, we need to keep and i on it tightening up. yvonne: thank you. our bloomberg opinion columnist. is our guest joining us in hong kong. we were just talking about the break and these stellar games we are seeing. how do you view all of this? is thathing to say foreign investors are not the key

with google and china. even google is working with china, the military, to apply artificial intelligence, something refuses to do with the united states and steve mnuchin saying the president and i checked out google and china and we say it is fine. this is nuts. >> should turn on his ipad and look at something on google. truth is chinese always is not a free enterprise system like we have. lou: is a communist system for crying out loud. >> quickly think of it as wall street. lou: they think of it as money. what is his administration? the chairman of the joint chiefs of staff saying this is exactly wrong. google, china. refusal to work with u.s. military and then you have thi , this treasury secretary out of his lane talking about national security. >> every single thing that goes on in china is related to the military. military will hold it all in place. every cilla business deals run by the military. they take whatever it is they want and gordon chang has a great piece on it. lou: he will be with us tomor

the glittering metropolis brimming with confidence is the face of the new china an ambitious china with eyes clearly focused on the west. and the way there is the new silk road we retraced 2 routes over land and sea from the chinese city of shenzhen to the german city of do sport. what lies behind china's grand ambitions what transformations will this route bring and how will these changes be felt in germany in western europe. i boarded a train from shenzhen headed west through the night in my restless sleep the sound of the wheels on the tracks conjures up the plot of the camel caravans that once traversed this route. the train is scheduled to arrive into one at 6 30 in the morning. but it pulls into the station half an hour early. china has taken many by surprise in its hurry to reach the west. as day breaks in doing the sand dunes slowly emerge on the horizon as though they are born anew every morning. a lizard searches for warmth. the daily throngs of chinese tourists are about to arrive. there are camels here too an echo of the ancient trade route. they greet the crowd with patient

to smash the building's windows amid anger over plans legislation that would allow extraditions to china police to use the tongs and pepper spray to disperse crowds who had occupied a road near the city's government complex on this day 22 years ago britain handed the former colony over to mainland china. under a deal that would ensure democratic rights for the city people activists now few of those rights are being rolled back. let's go right to diffuse t.v. kong she is in hong kong and joins us on the line give us an idea of what's happening on the streets there right now. i mean i'm going now i'm sending you outside of that i just cited council compass has the question for our us are ready and right now i'm joined by these protesters all say and they will rally tens tens of thousands of protesters and now gathering here and they also high the main road outside the legislative council i gain as the standoff between this post has said and the riot police had last fall out was to noon today and they're ok tional clashes happened so within the south was and some of them trying to break int

absolutely, the pain being felt is not only in china but worldwide. almost on a two weekly basis you are seeing cuts being forecast by major economic organisations from the wto to the imf. so this is not good news for the world but ijust say to the imf. so this is not good news for the world but i just say that at this point china is feeling more confident that perhaps things have stabilised. we do expect more stimulus, some rate cuts and thank rate reserve cuts so they do not have to come up so that puts more money into the economy. and we expect more stimulus so i think after a bit more digestion may be positive signs in asia. after a bit more digestion may be positive signs in asialj after a bit more digestion may be positive signs in asia. i wonder where this leaves the trade dispute between the united states and china, doesn't mean it is more difficult for the chinese president to fight back against what he has seen from president trump because we know that globally the moves in the economy are having a huge impact. they are digesting this and th

well let's have a look at china's military power china's people's liberation army is the world's largest military force with more than 2000000 soldiers on the ground in the air and at sea president says he wants to transform the pioli insue what he calls a world class force capable of winning wars anywhere by 2050 china has cut the size of its land based on me by around 50 percent and significantly boosted its naval and air forces as parts of that plan and it's investing heavily in modernizing its military equipment china's defense budget is the world's 2nd largest after the united states its military expenditure for this year is sets at more than 100 and $75000000000.00 president donald trump has demanded the u.s. 2019 defense budget be increased to $750000000000.00. well let's bring in our panel in bangkok via skype we have john provides he's an analyst at jane's spy office markets it's offense and security consultancy in d.c. it we're joined by lawrence korb he served as u.s. assistant secretary of defense and is now a senior fellow at the center for american progress and sent berlin

sort of raise our stake and the joint ventures in china. it tells you there's been a lot of concern about china's influence on multinationals you know in danger of becoming part of the chinese code history briefly if you. i think that takes a little bit a little bit far it's 15 percent interest from from chinese owners that's not huge but the main concern for for china or for with these chinese partnerships has been really what's happening in china with the joint venture ships there so i think it comes at a definitely a politically heightened time but. you know it's more the concerns around us are more what's happening in china. so it's a dilemma i think for thank you. and out of some of the other business stories making headlines today a government panel in india has recommended a ban on all private cryptocurrency as it suggests punishments for using the likes of bitcoin including prison sentences and finds the panel urges the government in delhi to consider a setting up its own digital currency go back to by the central bank. volvo has an

gregg: more signs that china is feeling effects of president trump's tariffs. growing at slowest pace since 19 in second quarter, chinese import down from last year, "wall street journal" reports that american companies like rumba and gopro, shifts production to other country as tariffs take the toll. new numbers show how effective our immigration laws, then under previous administrations, according to pew research center, typical illegal immigrant has been living here in the united states for 15 years. also find that 7. 6% illegals holding jobs that would have otherwise gone to american citizens and legal immigrantses, joinying me to talk about congressman matt gaetz, the pew research was very instructive. they found that with illegals on average, staying here 15 years, without really getting caught or deported, is a financial burden to the american taxpayer more than 700 billion dollars. they are gaining the system. >> they are. left would tell us that this is what is required to be humane. this humanity requires american taxpayer to shoulder the burd inep fo

your within china so. there is obviously some hypocrisy there but it also goes back to the way you frame the language because when we talk about what happened in france we talk about the rioters when we talk about hong kong there are protesters but obviously the 2nd they broke in and the storm parliament. the protester what about the flag thing that's what i don't get ok i mean they it is universally internationally recognized as a one country we have these 2 systems one country is this a call to return to colonial rule well i guess that made it more inappropriate for the british to respond because by hosting the british colonial flag obviously that's a challenge to the return. of britain's colonial possession and returning it back to china so for the british for he didn't have democracy they were a colony no ok i think. let me go back to markets here i mean this is what you know i find what will during here i mean they there are these protesters some of them very violent are are calling for a modicum of d

and china in artificial intelligence yeah. but i'm wary about reporting yes it's germany's minister for economic affairs is getting a free ride in san francisco peter out my is visiting soups start up that develop software for thomas driving a few clicks on the soup step and moments later the minister is off for a test drive in one of the startups off driving prototypes but for now he's taken the backseat to employees keep a watchful eye safety 1st of course just 20 short minutes later this reemergence and is impressed. does but i believe that was the 1st time in my life that i was driving fully autonomous li through a city but it was really impressive what technology is capable of artificial intelligence modern sensor technology which a lot of was actually researched and developed in germany i firmly believe that this technology will make tremendous progress in the near future and that's why it is important that germany stays positioned in the front of these developments minister of my is visiting soups and a handful of other

numbers out of china. -- >> take a look at those gdp numbers out of china. let's have our last conversation about tech. you say 5g is a bright spot for the chinese economy. how so? >> other economies are blocking chinese technology firms to set up 5g in those economies. they have no way out. they have to focus on their home countries, home markets. this is the first thing. the second thing is some of the chinese tech companies cannot buy technologies from the u.s. and maybe later from other economies. i don't know. it seems to me that they are working even harder to achieve the goal of independent innovation. this all happened within china. they put this all together and they say it could create a china version of the 5g world. dave: what is the net impact on the economy? -- exports't really don't really contribute a lot to gdp growth. >> it is consumption. secondly, if you look at net export, it is a little risky. the net export can grow quarter on quarter. it is quite dangerous. this is the first thing.

then beef up the stock market so there's a possibility the chinese money will stay in china so. between those 2 options there is a possibility for capital flight but at the same time people trust hong kong and they they like the conditions with hong kong it's a gateway into china for the region so i think longer term its prospects are good once it's resolved these political issues radcliffe it can end there from business thank you so much for your insights. and now to some of the other global business stories making news. its profits more than doubled during the 1st half of the year they reach $1200000000.00 euros thanks largely to increase production of its a $320.00 aircraft european company is on course to be the world's biggest plane maker this year due to the prolonged grounding of boeing's 737 max jets. the former c.e.o. of folks like a subsidiary i would even push has been criminally charged over the diesel emissions scandal german prosecutors say he became aware of the cheating on emissions test in september 2015 at the latest that allowed to the effect it cost to contin

petro china produces more than 60% of china's natural gas. they import 65% of china's gas. they feel like, why don't we use this dominance in the market and gas salesimize our profit, and use that profit to help our upstream exploration. that is the plan right now. but how effectively they can, that plan still depends on how the government feels. a tightlator has control on gas prices, and they have a lot of competition from private gas to traders in different markets. there is a long way to go. be invest more upstream, and try to maximize profit and the downstream gas to tradition. -- in the downstream gas distribution. come herety more to on daybreak asia, including our first interview of the day from the rise 2019 conference in hong kong. castbox ceo. for her growth plan. ♪ tech: the worlds largest companies and startups are gathering in hong kong for the annual rise conference. the event will see 16,000 attendees over three days. bloomberg's analyst is that the event for us. david? good morning. we are starting to get warmed up here. some of the audio checks you may h

we have been in china over 20 years. we are hopeful the tensions will reside and allow companies like ours to continue to work in the respective markets. to date, we have not seen an impact to our overall business. >> you are seeing some impacts from the cycle itself. in talked about softness some chinese markets. how is dell planning to navigate that? >> it is a great question. we are coming off an extraordinarily strong fiscal 19 in terms of technology investment and spend. we are in a long-term technology investment cycle. we have seen some softness in parts of the globe on servers as we moved into this year. is wee are driving now built the company to grow under various market circumstances. we are focused on taking share whatrowing revenue despite the local circumstances might be. right now, our focus is to drive growth where we can, make sure we are bouncing growth and profitability -- balancing growth and profitability and delivering the right results for investors. romaine: that was the cfo of dell, tom sweet. le

to stop these arbitrary detentions but china sees things differently. this is what china once visitors to see a full dance outside the largest mosque in the country the spectacle belies the sinister realities of life for shin johns we go. up to $1000000.00 of whom are thought to be held inside reeducation centers like this part of a growing complex of sprawling secretive camps. for journalists trying to get close to the prisons. plainclothes police stage ruled traffic accident and run old fashioned interference to stop outsiders finding out what's happening inside. a former inmate described his or deal in an interview last year. they grabbed me and put me into a metal chair like device and if you stand still and cannot move your arms are secured by the metal parts and your chest is exposed. after 6 hours of this device my whole body ached the pain becomes unbearable. this is why 10 years ago we go rioted after 2 workers were killed by a han chinese 200 people died in the clashes fearful of a repeat the crackdown against the leaders continues to this day

connected to it all is china's aspirations of the south china sea. to what extent is u.s. policy much broader than just trade? dr. moore: you are right. there is a real concern now that china is coming on strong. and how to deal with it is something that is certainly being discussed every single day of every week. everything from what took place in hong kong over the past few days to trade deficit to the military aspirations of the chinese in the pacific. shery: the u.s. continues to block the appointment of judges to the wto's appellate body. let me ask you how will this impact the multilateral trading system, not to mention whether or not, or how prepared was the u.s. when china was first accepted to the wto? dr. moore: very good question. i was in uruguay when we launched the uruguay round of trade negotiations that took seven or eight years to conclude. it was there that the wto came into existence. when president bush decided to allow china to become a member of the wto, there was great concern that perhaps we were not really on our feet the way we should have been. i

it's going to be like a little china town it just definitely is china. ya ya grew up in quite dark after studying in karachi he returned home for him the arrival of the china. spells an opportunity is it is it a clue that the state of the morning but that is what it speaks definitely you're walking in a new quad to your morning toward our future and there's a future god you're part of it. definitely on there you know following a member of this. this optimistic outlook can't be taken for granted in guatemala but for other people here peace and prosperity seem but a dream they fear they've been forgotten and will keep falling further behind. and they feel deep resentment of those who are proclaiming the arrival of a new golden future. in the world live but the chinese only care about their own interests they want to make a lot of money here they don't care about what happens to the poor to us maybe one day i know why yeah money arsenical good. they're taking everything. road our doesn't belong to us anymore they've taken the ocean from us the land there's

from the china threat. take a look. >> one of the members of congress that has been toughest on the threats in china is josh holly from missouri. senator, i've been watching what you been saying on china with great approval. i'm very excited to talk to about it. big picture, how would you set up this threat. >> they've already taken our jobs come they're trying to steal our technology, they're trying to build our military on the back of our middle class and it's time we got tough. we can't continue to allow them to run over us. that means getting tough on trade, getting tough on stealing our technology and stealing our jobs. >> one specific aspect that you focus on is the connection between our technology companies in the chinese military and you've got a specific proposal on that. tell us about that. >> chinese researchers who want to come over to the united states should have to, and work on sensitive technologies in our lab should have to go through background screening to make sure they're not actually

strong china. we are starting to see optimism and hopefully we can see progress on the final 10% that is not resolved. cheryl: the u.s. women's national soccer team has been paid more than the men's team. u.s. soccer, the association, says from 2010 to 2018 it has paid out $34.1 million in salary and game bonuses to the women, but just $26.4 million to the men. remember back in march, players for the women's team filed a federal lawsuit alleging gender discrimination including income inequally. lauren: nfl commissioner could kick off the football season under oath. a judge ordering goodell and three officials to answer questions about a blown call that helped decide the nfc championship game. the league admitted a penalty should have been called in the game between the la rams and new orleans saints. several lawsuits are seeking damages over the controversial no call. no date has been set. cheryl: can't go back, guys. still ahead, janice just told us this, it's a really hot summer. so what company'

ideas about china ok let me china let me put this to james parmeno james palmer. these protests began after the controversy surrounding the so-called extradition bail we hear from one side that if this extradition bill was formally withdrawn that may stop the process on the other hands were hearing the system and see social issues an anti china sentiment being fermented by the press what was your reading of this why do you think these print these protests are continuing. well i would say well the extradition bill was the immediate cause the bigger problem is a much wider divide in identity between hong kong is and the people's republic as a whole the mainland young hong kong is do not feel themselves to be chinese only 3.5 percent of young colonies when interviewed say that the chinese the vast majority say that they are global citizens or even more so the hong kong is and those numbers have dropped sharply in the last 10 years but where of course i really disagree with lawrence is that this isn't the result of in calculation or some kind of propaganda it's the re

china is too big for people to ignore. they will always side with china, not tibet. yes, some countries do. we have seen even in europe, right, 28 members of the european union is divided. you have 16 plus one. 16 european countries, plus one is china. italy has joined the group. it is 17 plus one. whenever there is a resolution passed on human rights in china in the human rights council, most of the 16 members of europe will not vote... you are just restating what i said. what can you do about it? we know that china is obviously a permanent member of the un security council. in the last 65 years at the united nations, we have seen 460 or more resolutions passed to do with the israeli—palestinian conflict. 0n tibetjust one because, of course, china vetoes anything. they are very powerful. so what can you do? appeal to all the democratic countries. say, you say you are committed for human rights, you say you support of nonviolence, then you should support tibet issues. these moral principles that you claim you adhere to, should be implemented and should be shown, de

china has a lot of influence there. their foreign policy is run by china. there are chinese garrisons there. they are worried about this happening quicker. they are worried about the prospects of democracy and economic freedom. people are very, very unhappy. this extradition bill obviously set them off but i'm supportive of peaceful protests to express themselves but i hate to see this sort of evolve into this sort of a melee. neil: i'm just wondering, we always fear a link past historical events that might not anything to do with this one, tianamen square, peter, authorities after demonstrations were going on, we get your point, you can break up, they refused to break up. there was a point which the military intervened and quashed that. hundreds, maybe thousands were killed at the time. we hope it doesn't jell into something like that. they don't look like a group that is sort of disbanding? >> we've seen protests in the past. like i said there is a tremendous amount of social tension and concern of the hong kongers about their future and rightfully so. ho

a dream stock for china's mute stock market some 25 companies began trading on the . new nasdaq style tech board in shanghai with one logging a 400 percent advanced one china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the us. a welcome to the business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba. a dream start for china's new stock market some $25.00 companies began trading on the new nasdaq style tech board in shanghai with one logging a 400 percent advance what china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the us. a welcome to the business asia monica jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba s

but first, we meet some of china's most powerful influencers who help dicictate e trends in china's fashion industry. expensive wheels, designer accessories, yachts, and gourmet food. the luluxury goo m markeis booming.g. lalastear alonone, manufactutus raked in 1.2 tillion euros worldwide. one of the top markets for luxury items is china. in 2000, just 1% of luluxury gos went to chinese buyers. by 2018, the amount had shot to 33%. and forecasts suggest that by 2025, affluent chinese will purchase 46% of all luxury goods. and it's the under 30's who are leing the way,hey know what'sot and what's t thanks to some say indivivials on social media. the latest collection by an american top designer is being presented to selected guests in shanghai. one of the vip's here is wenjun lau. she's not a film star or a pop icon. she's a kokol, a key opinn leader in social media. in other words, she's an influencncer in the fashion sector. >> kols have advantages. we're fafast, we work with our cell phones and can immediately post what we see. and we have a closer connection to our audience because we're

and china is going to improve. not anytime soon i think you have 2 very assertive nationalistic leaders even if president trump leaves in 2020 used to have a lot of democrats who are have a very dim view of china and of course in the case of president xi he may be able to stay on for many many years further we know his his policies are not likely to change anytime soon. and then one thing i'm also wondering then is if the policies aren't going to change what is the impact going to be on asia i think in asia difficult a lot of countries in a very difficult position china wants them to choose between the united states and china and so you see them call the middle i think roderigo to terror today in the philippines is a great example this is a country that has a military a defense treaty with the united states a close military relationship in the past most recently we see mr president to terra taste saying the chinese can come in and fish in their exclusive economic zone basically giving up saying i'm afraid of war wi

china trade war. one, what do you deem as the chances of a deal and two, what compromises must the two sides make for there to be a deal? jin: i think the chinese didn't talk about the trade war dispute. now since i'm in the international institution, i'm no longer the part of the chinese government, i look at this development. think, with- i also both eyes, you can see after the meeting between president xi and president trump, both sides need to sit down to talk, because only by working out the differences, try to understand each other better, and try to look at the issues from the perspective of the other side, probably it could be better for them to understand about the real issues, where you should believe,e, and people at least, there are a lot of chinese believe, cooperation and coordination would bring the situation to both countries. so i remain optimistic. i know there will be differences between two countries. historical,fferent social background. but over the last four decades, i will say

the latest on china. coming up, this year, amazon is celebrating prime day with a little help from hollywood. how the e-commerce giant is using star power to increase buzz amid increasing competition from rivals. we will go to that story next. this is bloomberg. ♪ amanda: this is "bloomberg markets." i'm amanda lang in toronto. shery: i'm shery ahn in new york. discounted pressure cooker's and gadgets are not enough for amazon to stand out anymore in the competitive retail space. the company now tapping kobe bryant and other celebrities to create buzz for prime day. in theiring mainstream marketing techniques. what is happening? >> an interesting phenomenon. prime day is now in its fifth year. historically, amazon would use the event to tout its own devices like the echo speaker, then a big emphasis on groceries after they acquired whole foods. they are leaning on celebrities this year. when you look beyond that, there is nothing new or novel amazon so to promote for itself, instead is leaning on the ce

and china? , the japanese when it comes to certain types of materials used in semiconductors and parts of electronics, they are the world leaders. there is not many companies outside that can do as well. they are coming long, they're working hard. in china, china wants to be independent technologically and that means the supply chain from that materials through and products. see this aswould being an opportunity to get in there to work harder much be able to develop those materials sciences and deliver those kinds of products to some a conductor makers around the world, certainly in china. on,his dispute continues that would be the opportunity for the chinese. we need to remember that many companies want to move away from china, we are moving to southeast asia and elsewhere into taiwan, that is another area. workis an area that would against the chinese. they are close to the factories and close to the supply chain. this could have been an opportunity for them to get a stronger foot in the door.

china talks are back on track but a 2nd front has opened up a u.s. europe trade is heading into a storm arend is again in the center of the debate also the circus has come to town and it's called the democratic process. server a real crisis metaphysic means crisis and they sure. as a scale of natural disaster to strike malaysia. as they bring to this. is that easy here when japan. for the problem of you say a group of substances which of the other being so far that governments and international organizations do not have enough time to do that. welcome back as pride month concludes around the world the l g b t community is divided in the u.s. competing rallies are being held with claims the main event has become too commercialized the reclaim pride coalition held a separate march in new york with what it called no corporate floats and no police it says the official line no longer addresses the political struggles of the community meanwhile a new report suggests a sharp decline in the acceptance of gay and lesbian people among young americans. accordin

and china. it seems the trump administration is not only having trade issues with china but even with france, we are expecting potentially tariffs because of these airbus and boeing issues that have been going on for years. we have the trump administration talking about the usmca the all alltical -- being political. the united states, when it comes to its relationship to the world and trade and protectionism. graham: there is something charming about this, because at 2017, after the u.s. trashed the wto, withdrawn from tpp, walked away from paris, she's in being was celebrated -- xi jinping was celebrated as the paragon of the liberal economic order. he was as surprised as anybody. in fact, i talked to one of the people worked on his future davos -- speech for davos, and bey said they could hardly from smiling when he had these various lines. because the u.s. and trump administration has decided basically to have tariff , chinats with everybody has been able, actually, to say they are the respon

so call the china we call the mainland ok we are taiwan our mainland we together is a china is a one china war if you think the threats from china is so serious as i one why do european people all the people around the world are all the members up in the e.u. then try to work with china try to have dialogue with china try to solve problems it's true that you know that as well as i do it's not a human rights record is their work and it's great we can do that too apart from trade what exactly does democratic taiwan have been common these days with one party communist china you have free elections yes you will change your party in power they don't you have independent courts they know you have a free press they don't you can speak out against abuses of power and they can't what on earth have you got in common with mainland china these days i think we should emphasize differences. go there work with them be their friends be their brothers and change instead of being their enemies go there walk with them you can change them like what do you were doing with them now what are you going to d

era china has just ordered 20 new a 350 s. from the european plane maker air bus in a deal worth 6000000000 euros it's the latest sign that airbus is expanding its foothold in the chinese market local carriers there are expressing more interest in european made planes thanks in part to trade tensions with the u.s. . is holding its 1st sale dedicated to sneakers their status as collectibles is growing some could fetch over a $100000.00 the shoes going under the hammer in new york include a pair inspired by the 2nd film backed out of the back to the future franchise. nobody likes a seafood go to waste but when it reaches its expiry date and has gone on sold shops often have no choice but to throw it away one japanese entrepreneur is tackling that part of the problem head on using little more than a bicycle and a website. unsold and uneaten it's estimated almost $28000000.00 tons of food ends up in japanese trash cans each year but grabbing the issue with both hands as you yes saito his innovative business aims to keep bread out

67 percent of this batch isn't china how much is in the u.s. it's about 8 percent the question is if you take tests and they're huge gigafactory at the equation the number is 3 percent so the u.s. really should be concerned about the supply chains and it's playing catch up with china some really good to talk to you on cutting across many thanks indeed for being with us simon morse managing director at benchmark mineral intelligence that's our show for this week if you'd like to comment on anything that you've seen you can tweet me i'm at a finnigan on twitter please use the hash tag a j c t c when you do or you could drop us a line counting the cost of al-jazeera dot net is our e-mail address as always there's plenty more for you online at al-jazeera dot com slash c t c that takes you straight to our page and there you'll find individual reports links even entire episodes for you to catch up on but that's it for this edition of counting the cost i'm adrian finnegan from the whole team here in doha thanks for being with us the news not out of sy

on china's tech giant who way it's a shock to many now is it a shock to you. it is a shock because there has really been bipartisan concern on a national security basis and so this is not a partisan issue in any way and so congress has been very firm on the national security risk that this entails and so this is a fairly significant concession from the president the question is is what he got in return he has touted agricultural purchases from china will have to wait and see what that exactly amounts to there's no specificity on that and you'll recall he made a similar promise to mexico purchasing products last month that didn't really materialize he also made a concession about whether any changes to chinese trade policies need to be codified legislation and he agreed that they did not so to the extent that there are changes made. how lasting they are is yet to be seen so let's talk about the national security concerns do you think they're legitimate and just what are they well it involves you know look with with all chinese companies they have a close nexus

and china so this is actually the 2nd order that airbus has gotten from china this year of a announced this really mammoth. deal worth about 30000000000 euros in march so they're sort of seeing china you. use these orders as a way to send a political message to the us you know china is the most important. market right now and so they're really getting they're really seeing an advantage. coming through through these training goshi asians so if you go any further in frankfurt thank you. the british travel group thomas cook is in a bad stalls with chinese investors about a rescue deal the agreement could be worth over 800000000 euros would see thomas cook's biggest stakeholder china's full sun take control of its true business the cash injection would give the struggling company enough money to trade through to the end of 2020 its chief executive calls the proposals pragmatic but admits they are the outcome that it wanted. one of the most instagram of all places in the world of the mountains and fjords of no white and once those photos are on insta the hordes of tourists followed now enti

we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were now i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're really settling in for a long term battle turkish finance minister bet on by iraq says he expects shopper interest rate cuts from the central bank claim such moves will bring down inflation many investors worry about the independence of turkey's central bank finance minister is the son in the war of president richard ty a better one who's pushed for lower interest rates to jumpstart the economy alice say lowering interest rates to fight inflation makes little sense in turkish lira weaken slightly after about ox comments. by a has

there is a lot of debt and china using -- china uses fiscal stimulus. they have a tool in terms of monetary stimulus. they have a large asset ace, the -- asset base, the ability to extract from the population. china has challenges but also tremendous resources. the simple view of china, if you look at how the u.s. or u.k. developed, we had eight booms or -- we had big booms or big busts. china is able to manage in a narrower corridor due to the nature of the political system. was standard chartered ceo bill winters speaking with christine lacqua for an upcoming episode. authorities seize an iranian oil tanker. this is bloomberg. ♪ you are watching "bloomberg markets: asia." ofnne: iran is at the center new diplomatic disputes after british special forces seized a supertanker off gibraltar allegedly carrying iranian oil to syria. our editor has the details. take us through what happened and iran's response. >> iran's response, they have basically called in the british ambassador to iran to ask why this happened and say they view this as an illegal act

the same of that just say it's not just it's a china now it's a stick with china why do single china i'm told i'm not this is the whole point of the else that's half the time but i've been talking your latest thinking on this a long kong hong kong people will apply the same standard no matter who is coming to make the requests be it united case united states united kingdom syria russia china we apply the same standard because this is what the model requires us to do and we would do it period once you understand the purpose of extradition you would have understood what i'm saying but obviously you don't you know what you want but your guest mr instead of throwing insults at me what's what's your guess about where this is headed with the hardliners in beijing try to teach hong kong a lesson you know or will they show that they're willing to learn from what's been taking the fact say that it did not come from mainland i think the chief executive is explain very clearly that it was her own initiative based on the fact that she was asked by the family of the girl who unfortunately was mur

hong kong is unique for china. shanghai cannot replace hong kong as a financial centre, at least not in the near future. in a financial centre, at least not in the nearfuture. in order to serve this very unique status, it requires freedom of information, freedom of assembly, freedom of movement and, of course, most importantly, we need the rule of law. if china is not prepared to lose hong kong and make any other ordinary city of trying out, then these essential elements have to be protected and preserved. i believe it will not serve the interests of beijing losing hong kong and especially losing this very, very unique status. alvin yeung, leader of the civic party, member of the live council of hong kong, thank you very much for being with us on hardtalk. thank you. hi there. the heatwave of last week seems like a distant memory now, but i just want to draw your attention to that provisional 38.7 degrees celsius that was recorded at cambridge university botanic gardens. the met office actually confirmed this tempe

china's efforts to back -- china's strategic engagement in the south, region, bolsters china at the expense of regional stability. china's efforts to back oppressive governments and to such as the maduro regime and to , pump loans into local economies at unpayable interest rates reveal china's interest in spreading influence and consolidating power. as a result, latin america has become a fixture for chinese ambitions. utilizing economic coercion to grow support for chinese follett policy objectives [indiscernible] and the exclusion of the u.s. and canada from regional discourse. trade and economic ties between the united states and latin america are changing with china surpassing the united states as the main destination for exports from several latin american countries. china is also deepening military and technological ties in the region. for example, we have seen space related cooperation in brazil, venezuela and argentina. china has increased arms sales in a manner that violations -- that violates u.s. and e.u. restrictions and hinders our , ability to integrate with our strategic part

versus china, i say, look, i'm not here to bash china. i'm not here to even ask you to make a choice. i'm here to talk about what's important to you and what's important to us and i think i know where you come from where you honor and respect democracy, rule of law, human rights and sovereignty. i look at those four representative variables and i look at the competition that you might to do business with. these other external state actors and i know where we stand. we're not the perfect people, but we work really hard at being good in this country, particularly in our military. we make mistakes, but they're usually mistakes of, you know, honest mistakes. i know where i stand on those four variables and where the competition stands on those four variable. when you buy into a product, are you prepared to buy in what might come with what kind of rule of law, what kind of respect for human rights? i don't see currently an indication that people are buying into that in a way that's corrupting them or causing them to stray from their commitment

china relations. dialog where they bring economists from around the world and business leaders to discuss pressing economic issues. thank you for joining us. you are the former u.s. assistant secretary for asia and he spent 20 years at the treasury department where you were negotiating macroeconomic and reform openings with the chinese government. model continues to be a pressing issue in trade negotiations. how much improvement have you seen? robert: there have been big changes over the years and china is a lot different than it was when i started. the thing that concerns people in the u.s. now, particularly in the policy community, is china is, in part, turning back from the economic reforms and increased marketization of the past towards more state control of economic sectors and greater importance. selina: do you think these trade negotiations can reverse some of those trends back to where you think they were before? robert: no, but i think the recent shift in the emphasis of chinese policy is som

china's new nasdaq file tech market- shanghai's star is china's latest attempt to avoid losing the next alibaba or tencent to exchange his in new york. shinzo abe claiming victory in yesterday's upper house elections. -- to the country's pacifist constitution. he is on the path to be the country's longest serving prime minister in november. lotta maple and ski dominating ukraine's election he plans to crackdown. according to results, his servant of the people party one 42% of the vote. it is named after the television show that propelled the former comedian defame. game toppled avatar at the top -- according to box office mojo end game only ranks 15th after inflation. top spot is still held by gone with the wind. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. anna? anna: serious consequences. that is what the u.k. has warned iran will face over the seizure of a british tanker. london is demanding the release of the vessel. it is advising u.k. shipping of the increased threat in the persian gulf.

china's choice in dollar belt and road initiative is moving full steam ahead in both china and its partners are benefiting it's only been a few years since the modern day silk road project was announced and already trading investments are up with some looking to get even deeper into the game alex may have joins us from toronto with more alex let's start with china where hearing remote areas of the country are experiencing a boom as part of the b r i what can you tell us. what china's northwest province of gansu is reporting that belton road project is just it's booming there a day that's a given their economy a major boost when you say remote and try to the province of 26000000 people have easily someplace else that's a lot but it truly is remote it's closer up to the moment goalie and border but here let's take a look at this map this will give you a better idea of this whole built in road idea and what it looks like so in this situation belt and road means belt it means roads and actually roads means shipping routes the project currently spends over 71 countries and there are in 3 contine

china. they do not want to lose extradition system where they can be picked up and drag to china, not to mention the 85,000 americans in hong kong. trademe problem with the talks is been the chinese refusal to sign the enforcement mechanism. they say we will abide by the intellectual property rules. please do not have an enforcement mechanism. you see this as a connection between the two. it is a matter of trust. can the chinese government be relied on. it looks like 500,000 to one million people in hong kong are saying no. david: there were a lot of promises made in 1997 when hong kong reverted back to china. at the same time, the situation has changed. hong kong was much larger compared to china that it is today. china has grown a lot. michael: there's a triangle going on. the british got the promise, than the chinese government itself had to take various measures to implement the agreement, which they are generally done, which not completely. finally, there is the american side, where our