so it is true, globally, i would say. 0nce china goes to a country, once china invests a nd china goes to a country, once china invests and sets up a country et cetera, of course it will be much better if you can generate goodwill. but sometimes it will take time. let me give you an example. look at the bridge between hong kong, macau and china mainland. there are critics, many people say it will not make money. but i am sure in due time it will create so much benefit for the people in this part of china that eve ryo ne people in this part of china that everyone will be proud of that. and people will like you. alvin. you can never purchase respect, you can only earn it. this is my answer in response to parag. world is wondering what kind of rising power is going to be and what it will use its power for. so far there are positive aspect and people can see those and there are some negative aspect. but it is hard to say, still. i think the jury is still out and they are waiting to see if they can be convinced that china will use its power for lofty goals that it states in its beaches or i

to china. in an economic sense, the u.s. is already very near both employment. it's questionable how many extra goods and services we can actually produce and send over to china. you might see some repackaging of purchases that would already be made in any case, maybe some pulling forward of purchases that could be made in subsequent years or commitments being routed, instead of going through third countries. like canada allies or australia or countries in southeast asia selling less, but instead having the purchases go from the u.s. to china. even if those purchases happen, i think there is a basic sort of contradiction that you're talking about between one of the major goals that the trump administration had in launching this negotiation. adam just mentioned them here. is encouraging china to be a more market-oriented economy. i mean, that is kind of the whole reason for launching this negotiation. when china decides to make these purchases, many will happen through state owned enterprises. m

china is big china is sponsored china is high. the nation is striving for power to become the technology of the world. and road initiative it's twenty first century silk road it's been called by the red chinese martial plan or a state backed contain for dominance but does the trade go the way. we cannot let mutual suspicion so we all get the better of us from. your one straight but. this has to lead to a reciprocity that we are still struggling to achieve using in the much fun. china needs market. needs outside. europe in industries are increasingly falling under chinese control. for the collision to clear european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who way. is china spying on europe. none of those is naive. e.q. china relations facing new challenges time. a thoughtful. the only one on hardball and you said you were looking for the cl

. >> china has set its sights on the indian ocean. it's promising a bright future for all those who help reach its destination. but stung by land acquisitions, the people of rakhine state are still wary of getting on board the "belt and road" initiative. ♪ >>>> thihis is francnce 24. i am jeannie godzilla. these are the headlines. godula.genie party vox makes a first entry into p parliament. live coverage from madrid coming up. nothat the french

with china including china iran and venezuela. i think china is going to start a trade war with europe as well so that's on one side but at the heart of washington's narrative is that huawei could be forced by beijing to build him back doors or hidden methods of access and data into his products that would enable it to spy on foreign competitors steal intellectual property or even shut down foreign infrastructure remotely and i have to feelings on that because in the article does mention snowden and his revelations and one thing in terms of this seems like projection because they're saying that it could be used to steal intellectual property or have competitive advantage for their own national industry which of course was apparently done against brazil in petro bras and with our own spying technology but in terms of well as they say that ultimately southeast asian nations say that they calculate that they have to import a five g. technology anyway because they don't make it so who would rather have spying on you china or the u.s.

china sells far more into the us than the us itself to china and president trump wants this to change. if anything, the trade war has made things worse. the deficitjumped11% toa things worse. the deficitjumped11% to a record $419 billion. the us is also concerned that china may agree toa also concerned that china may agree to a deal but will not stick to it. the us trade representative said to congress that any agreement must be enforcea ble. congress that any agreement must be enforceable. all this means that china has made some concessions. it has already changed some laws to provide more protection to foreign firms. foreign firms currently have to form a joint venture with local firms and that means sharing technology and commercial secrets. according to bloomberg there were plans for 100% foreign owned countries to be allowed to operate in the country from 2025. we have agreed to far more than we have left to agree to. in fact i would say, i think i can say, that some of the toughest things have been agreed to. we have some things that are easier right now that we are doing but it

a long time china. joins us now what these actual stimulus measures and why could they backfire well with the trade war weighing so heavily in china they've introduced various measures they're investing in infrastructure and to do all this they're making it easier to borrow money so they're cutting reserve requirements and cutting taxes for some corporates and trying to get everything to two to help boost the economy how that could backfire is because as you mentioned the government to china is already saddled with quite a lot of debt so it needs to try and balance the need to do this stimulus but also to make sure that it doesn't like things to run out of control as the o.e.c.d. has worried it certainly got the idea right the building at a time that its economy is shrinking this is something china has done many times and it helped bail out the global economy in many ways in two thousand and nine it has got the right idea the problem is always finding this balance between letting letting the corporates

towards china. then you see a coalition of forces coming together in a lot of ways. the conservatives cadiz conservative action group, they are very focused on china. then you have a coalition of four forces in mr. trumps base but broader in society. people that don't like foreign influence they don't like immigration, you know who there they are, china is the focus for these people. evangelical christians. they are very concerned about china. this paradigm comes from richard matson who is a very prominent sociologist at the university of california san diego. the third are the people who have lost their jobs or think they have lost their jobs. the elites are seen as not helping them. there are manufacturers who have lost their businesses because of china and the elites have not helped them. what does this mean? it means we have a situation that is continuing to grow and has momentum and it will outlive mr. trump for sure. the question is where will we go? it is uncertain because you have this force

and china. facebook fell after bloomberg millions ofthat facebook user records were found on cloud computing servers. we are seeing more broad optimism across the world. global stocks on the cusp of a bull market. almost 20% higher since december lows. let's see where the markets stand in asia. sophie. saide: that optimism looks to be transmitted to asia, where the future is pointing to modest gains, ready to track the rally we saw on wall street as trade talks continue in washington, d.c. we are ready to extend 11% advance for the msci aipac index. to keep on the radar, south korean figures, trade data from malaysia. keep in mind, taiwan is off-line for the holiday this thursday. shery: thank you so much for that. talking about the u.s. china trade talks. they are edging toward a deal with the white house economic adviser, saying negotiators are making good headway. joining us for the latest is bloomberg's trade and globalization reporter. how close are we to reaching a conclusion on the stocks

soft power reaching across the continents of buildings china is building china's image so i think it wants to keep its critics. it wants to build its prestige so the importance of soft power there but how successful do you think china will be in convincing countries that this isn't going to turn into a global death trap well i think people are thinking very much about the money and they're thinking very much about the funding that's there these are countries that have struggled to get funding sometimes china is there a bankrolling the infrastructure of roads all these kind of projects so i think they're very keen to do it i don't know how much they're thinking down the road about the debt trap issue and about who's going to pay back in twenty or thirty years time but certainly for the moment i think people are focusing mostly on working on the infrastructure projects sounds a bit shortsighted and as we've been hearing economies but structural weaknesses are especially vulnerable to debt traps let's zoom in on three asian examples law already owes the chinese government well over four

the european union is taking a cautious stance to china's new economic push. it's warned that china's cheap loans can get beijing too much leverage over its business partners. observers fear the sixteen plus one group represents a wedge designed to drive europe apart. but there's no sign of those reservations in croatia were assured the talks were of crucial importance for china's future in the region. and today's gloomy growth forecast comes on behalf of the asian development bank it says the region should prepare itself for slowing global demand as the couple years back asian economies posted a combined annual growth rate of over six percent that's nothing to be scoffed at but it's downhill from there according to the bank and the latest outlooks that it's posted twenty nine thousand coming today it claims trade tensions especially between the u.s. and china which is by far the region's biggest economy the constant allays of a break does it also hurting business and apart from the manmade disasters natural catastrophes are also hitting the area of a hata onl

-china trade war. i believe we might enter a new face of global disruptions leading to a new economic crisis. the u.s.-china trade were might be the trip -- war might be the trigger. i am quite pessimistic. i think president trump is turning his attention after the mueller report to china and it is uncertain what is happening. shery: talking about a potential type or -- coming between the u.s. it tech war between the -- between the u.s. and china. the revenue jumping almost 40% in the first quarter. how much of president trump's strategy against china and against some of the big companies is working? well, the trade war is linked to technology and who is leading the road in terms of technology. have seen google feeling the impact in china, apple feeling the impact, and now, president trump is fighting back. huawei might just be the start, and it is really the question is who is leading the world in the future? with the rise of populism, protectionism, and nationalism, we have less collaboration in the

and india this further complicates the relationship between china and the u.s. so how is china reacting to this and could all of this be impact and affect the trade or negotiations i think it's going to have a cascading impact not only on trade but overall relationships because of the dependency the china has had on iranian oil you just cannot switch and as i said if if the straits are cut off even temporarily it will have a dramatic impact on any flow of oil and that doesn't include and it's more than just oil we're talking about general commerce of all of these middle east countries that would be impacted by the way the straits are twenty one miles wide but the navigate navigational portion is only two miles wide so you can see the definitely goes into territorial waters of iran so we run could do what what was mentioned earlier the tanker war recreate the tanker war here and even in a short term cut off could be impactful i might add that iran is already. preparing for war we're getting indications that they are lying in the coastline now with the ground thei

china is big china a sponsor china is trying to change. the nation is striving for power to become the technology of the world. and road initiatives in twenty first century. it's been called by the rich chinese marshall plan dates back to complain dominance does the trade got the. better so. we cannot let mutual suspicion. so we get the better of us. you're one straight but. this has to lead to aggressive prosody that we're still struggling to achieve using them much fun not. nice outside. european industries are increasingly falling under chinese control. it is going to play european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who play. instruments spying on europe. none of us is naïve. china relations facing new challenges time. the only one on hardball and you said you were looking for the closest possible relationship right here or should we disre

into china. so, again, some of -- you know, i would like to govern how the internet is run. but if i can't to that, maybe i'll simply redirect like a train switch or a lock on a canal traffic into china. how does it do china telecom, one of the major core entities that helps manage global internet has multiple points of presence in north america. it can basically issue out hey, we have relatively less traffic over here. the traffic, when you send an email from the heritage foundation to los angeles, it might go by way of chicago and across united states, or, if it is less traffic, if it is faster, it might go across the atlantic to london, to saudi arabia, to india, to japan, to the united states. it sounds logical, but depending on the time of day, basically there are begins saying, hey, this is faster. what china telecom's point of presence was doing was saying hey, we are way faster. all of your data, come through here. then it got into china and then disappears into a black box. nobody is say

across talking china i'm joined by. my guest patrick lawrence in new york he is a foreign affairs commentator whose columns appear in consortium news in other publications also in new york we have remy p.a. he is a senior director at america's market intelligence as well as a research associate on political economy and foreign policy at florida international university and in paris we cross the from the he is president of asia center i'd jump in cross rules in effect that means you can jump in anytime you want and i always appreciate this but this program has been inspired by an article you wrote of the consortium news i saw the the white house's reaction to italy joining this initiative the chinese initiative belton road this is coming from the national the national security spokesman mark a has italy is a major goal of global economy and great investment destination no need for italian government to lend legitimacy to china's infrastructure vanity project well this is a lot more than of vanity project and it sounds mo

market in china with the change the system of china and finally we discover the market economy that is winning the world is another called very efficient as well in the raising standards for its people lifting millions out of poverty. in europe we never work and also in some part of the of the west europe when they were because of. the prize the individual looked to the collectivity when they were working chinese working from one thousand is a concept that seems the foundation of china but. is there any middle ground i mean we are talking not a major infringements on human rights or putting people into concentration. camps or simply talking about streamlining policy on technical issues. with china is not going to sit around and. look for example to the agreement to world wide today you're. of trade agreement or why the united states. members they negotiate to. delegate to negotiate to today you are. in front of. the want to negotiate. this one example the second example europe has been through does make a. unique case in the story. and to the. security to buy many and even the chinese.

china relationship will the the china simply choose its own political strategic needs over the u.s. is demands. certainly iran is one important ship but it's not the most important factor in the us china relationship at this point as we can all see that in the past few weeks the sentiment between the two country has improved because finally it looks as if a trade deal is finally on the table although it might be limited in nature but something will come out and what i think is possibly the u.s. will use iran as a bargaining chip and might offer china some sort of exception over the oil embargo under certain conditions and china i return cut off or to import more crude oil and say soybean or even pork from the u.s. so eventually it became some sort of deal over a third country and that can very likely to happen we already got so i go i do want to washington d.c. and have on both the same question i'll begin with her on what's the next move for iran having miranda is it blocking the straits of hormuz. well there are many alternatives first of all iran is probably sounding substantiall

and china can certainly do more. for instance, property easing have not been touched yet. there is easing of the purchasing restrictions, et cetera. that is certainly an angle they think that that is still not properly priced in by the markets yet, and i think we have this heading into the second half, then they certainly can support the sentiments. asked the question to kathleen hays earlier. i am not sure you heard it. what are the bond markets watching? do you think the bond markets are watching the wrong metric? are they too focused are -- on inflation? would behings that encouraging, so yields would not be this low, is what i am trying to get to here? i think there is a flaw, and this is a topic that begins to be a main topic of discussion in the background in key central banks around the world, so, for example, jay paul said they were reassessing their policies, so maybe we are heading towards inflation targeting in the u.s. because we do not have that confirmation yet, investors still worry about the asymmetri

and china. they are seeing the best gain so far this year, mainly due to the fact that there is concern about the company already factored in. manus: thank you, juliette saly in singapore. china's manufacturing pmi slipped in april but make it above the 59. the data signals stabilization in the first quarter is still fragile. the factory gauge is still expanding but at a slower pace than march. the blackstone chairman schwarzman says china's economy looks solid after the stimulus. he spoke to bloomberg at the conference in beverly hills, california. >> china has stimulated its economy like they said they would when the tariffs went in. i was there four weeks ago. the people at the central bank were telling me it worked very nicely, and now you are seeing the results of that, which is -- has surprise some commentators that china's economy looks pretty solid now. in the six's. 6% growth. it didn't particularly surprise me. they have the ability in china to really force money into their system to c

greater progress and prosperity for china and the world at large pushes you. so what does china's belt and road initiative its new version of the silk road involve for one group runs through central asia and moscow all the way to rotterdam in the netherlands that consists of roads and railways as well as power stations a telecommunications networks and also pipelines and then there is the maritime silk road which will connect to china with europe with africa and southeast asia and china is already invested billions in infrastructure projects along the way but critics are warning that president xi is gigantic project is plunging its partners into debt and giving china increasing power. well let's talk about all of that with our correspondent mike yes belanger he is standing by for us in beijing hi mathias good to see you so at the opening ceremony for the summit which is a huge summit to around thirty seven leaders attending it was it was a lavish opening ceremony is there substance behind this shell well the question is of course what you see as substance if w

of china. and this is not the way to have a good policy, and it's not the way to advance u.s. interests in the future. >> thank you so much. thank you so much, ambassador. i think we have run out of time, and we very much enjoyed this conversation about china that is growing, a country that has lifted hundreds of millions of people out of poverty that you often talk about in your reflections, and it's most definitely the most prominent hiss history of advancement in human history.

or china out towards europe have been very much evolving the last five or six years china is offering an opportunity for joining vestment that has its risks also in case a country is not able to repay that investment and therefore you will actually potentially fall in on the in the shape of the chinese investment that should not be the case in case of italy however when you look at the child administration today who doesn't have any answer to the increasing presence of chinese investment instead of offering a win win scenario it out of only just works on trade disputes and trade disagreement potentially raising tyrus on aluminum raising tariffs on all the other key imports for just challenging and idea of globalization by pushing forward an agenda of america first red meat is trying very hard and will only hold on don't hold your brother good china hold those gentlemen we have to go to a hard break and after that break we'll continue with discussions on china's state with r.t. . it's a. good. i think more doogan is an outstanding person because he took on the most powerful agency in t

china and the u.s. at the moment. well they're both bad but i would have to say that the global nature of the global impact of u.s. china and the u.s. actions on other countries is probably going to have a much bigger impact than brics although it will have a very concentrated impact on the u.k. and the e.u. so you know it's. six one half dozen of the other probably a little bit worse on the global side us china in concrete terms what are your findings what can we expect. well our findings are by the way generally our concern is slowing economic growth because that drives a lot of trade growth particularly investment but these trade measures that countries are taking with against one another us china for example well the uncertainty around the brics a deal also weigh on trade growth in that can affect quite a bit the bilateral relationships between countries we see a lot of trade diversion potentially occurring particularly in asia and north america and we would expect it with a disorderly breck's it to

china trade conflict. specifically we have looked at what might happen if tariffs on all goods traded between the u.s. and china went up by twenty five percentage point point that would entail a reduction of g.d.p. of point six percent for the united states and one point five percent for china do the math there is a self-inflicted wounds that should be avoided. the guard's message is clearly aimed at american and chinese trade representatives. for weeks now they've been trying to find a solution to their simmering trade conflict the clock is ticking and international economists hope to trump administration will heed the warning. let's bring in our financial correspondent and scored here yes global institutions are sounding the alarm over the state of the world economy but wall street doesn't seem to be overly intimidated well we keep listening to the same old song there the trade conflict is not positive that breaks it actually could be hurtful to global growth there's nothing really new but first of all w

well, what's happening to china? is china different because of the scale of china? which is so much larger than all of these other countries. when did rampant economic growth begin in china? it didn't really begin with the reform and openness policies in '79. the period from '79 to '89 was a period of laying the basis for subsequent rapid growth in china. if you recall, they set up experimental economic zones in the south of china. and then you had the developments of '89 to '91 and then you reaffirmed in 1992. it was '93 when china's rapid growth took off. it was noted immediately by the american business community and it was totally ignored by the american political system which thought that nothing had happened. so we have only had about 25 years of rapid development in china. but what's going on in china right now? all of a sudden we discover that western ideas have become this dangerous element. so while we are saying that engagement with china failed, xi jinping is struggling with the influences that emerged as china has successfully modernized its economy and

and china. let me note first and foremost that our moderator is going to be ashley tellis, the chair for strategic affairs at the carnegie endowment for national peace. he is, of course, one of washington's leading observers of asia, served as senior adviser to the u.s. ambassador in new dehli. special assistant to president george w. bush and senior director for strategic planning on the national security council. we are absolutely honored and delighted to have with us today jeppe tranholm-mikkelsen, secretary general council of the european union. general mikkelsen has managed brexit to the refugee crisis with calm discipline and the ability to bring great focus and eventual unanimity on some very divisive issues. he's by training a distinguished, danish diplomat with distinguished career. served as the danish ambassador to china for three years. served as denmark's permanent representative to the european union, and there are 2,800 people who work for him at the council. next we have the hono

china's bond market has become a viable option -- when will china's bond market become a viable option for global reserve managers? the question we are asking on our question of the day. we ask because of the bond market inclusion in the bloomberg index this week. despite the size of the chinese bond market, it remains under owned by global investors. mark: absolutely. it is a more than $12 trillion bond market, yet there is only 3% of bonds that are foreign-owned which shows the scale of inflows that can come in. i think this will be one of the big ships we are going to see over the next year when people realize china is a serious reserve option. the amount of global fx reserves is only 1.9%. it is a tiny amount. it is becoming increasingly liquid. over the next year and a half you will see that share absolutely surge. that is because the bond market is becoming more liquid. it is going into the global benchmarks. nothing you can trade over the next week. this is a thematic shift happening over the next year and a half. it is good for china. it is good for the yuan as well. matt: we s

default swaps in china? we have seen an enormous amount of concern when it comes to the potential for china to default. part of the story is the need for hedging tools, could you ever see a western-style cds market? scott: i think we could. there is no doubt about that. when you think about any cash market product and the appropriate hedging tools, that is what this is, to make sure that you can balance your risk and inappropriate way. i think the market would or should be open to that. we want to make sure the market is fair and transparent. rules sure you have the clear so you can have printable outcomes is important. we would advise that for not only china but vietnam, japan, the u.s. and europe as well. >> scott o'malia, the head of isda thanks for joining us. a lot going on with comes to asia capital markets, but also brexit in the future of the derivatives industry as well as libor. something that affects trillions of dollars. haidi: something for everyone. bloomberg executive editor tracy alloway with

china defends its own road initiative officials say it's a geo political tool nor a death trap. and the rush is on to get into south africa's marijuana market. let's do business south african government has thirty three hundred fifty five million dollars lifeline to struggling utility eskom the bailout was originally planned for august but the state firm is on the brink of bankruptcy it's grappling with cash flow problems and amounts of debt the company employs forty eight thousand people the world bank says it could operate with just fifteen thousand. it needs double that but just ahead of elections no one is planning on axing any jobs at all. south african finance minister tito authorize the eskom payment early a month after he himself compared putting more money into the ailing leviathan with pouring water into a sieve he said the cash would disappear straight into a bloated company which is neither technically not financially able to carry out its prime task that of supplying south africa with electricity energy is south africa's weak spot state owned eskom is responsible fo

and china. north korea sought rapprochement with china as leverage to bring truck to the leveraging -- negotiating table. in the same way, north korea uses the dialogue to put pressure on china. along with dialogue with the u.s., north korea is also developing inter-korean relations a red this forced china to intensify its diplomacy. north korea has reminded china of its energy. china seem to take a reactive position. north korea is of particular interest to china as a territory and cheap negotiations with the united states. faced with an american president, we need to talk with the north korean leader, china felt its need to restore its influence over north korea. at the same time, while china considers the peninsula's influence, it is not interested in any significant changes. it benefits from maintaining the status quo. for this reason, china would not favor north korea establishing closer ties with the united or rok. it would seek to control or interfere in the current process. experts say e

was one of the few lakes in china with suitable water for sturgeon. but the company's owners have also had to be creative. this sturgeon is a cold water species. cannot adapt to high temperatures. but will you hear through. the solution the fish are moved closer to the shore in summer their creeks from the mountains provide a constant supply of colder water. but the company breeds a wide variety of the fish including the highly prized beluga to breakthrough for the company's farmed caviar came in two thousand and eleven when kaluga queen convinced to look tenser to serve their caviar in first class today chinese caviar is enjoyed all over the world to say no money a distributor from the us supplies some of new york's top restaurants price quality and consistency is the issue. so proceeded to see the expectation for us put our customers. and in the past few years found a young child has also discovered what the fuss over caviar isil abouts. if . the law. the the. odd. coming. to our audience now come rushing anniversary of the law by and destroys the m

we've heard from china telecom. trillion, some6 of the companies in total reporting out of hong kong. south korea's index looking higher. we are seeing weakness in the asx 200. that is one downside coming through, off by around .5%. let's have a look at the stocks. we've mentioned the earnings reports out of hong kong and china. bernstein raising casino, china in particular raising target by 22%, saying it is going to be the biggest operator in the market for the next five years. you can see it up in hong kong trade. in singapore, pretty good numbers, southeast asia's largest bank and the first report first-quarter profits. investors like that. in australia, a lot of upside from childcare providers. there is an election in a couple weeks in australia and the opposition labor party signaling some support to childcare operators, which has seen money into those stocks today. manus? manus: thank you very much. juliette saly with the latest on the markets in singapore. now, chinese equities have fluctuated after the late

with china including china iran and venezuela. i think china is going to start a trade war with europe as well so that's on one side but at the heart of washington's narrative is that huawei could be forced by beijing to build him back doors or hidden methods of accessing data into his products that would enable it to spy on foreign competitors steal intellectual property or even shut down foreign infrastructure remotely and i have to feelings on that because in the article does mention snowden and his revelations and one thing in terms of this seems like projection because they're saying that it could be used to steal intellectual property or have competitive advantage for their own national industry which of course was apparently done against brazil in petro bras and with our own spying technology but in terms of well as they say that ultimately southeast asian nations say that they calculate that they have to import a five hundred technology anyway because they don't make it so who would rather have spying on you china or the u

and china. from an economic differential, i still feel europe will be on the back foot versus the u.s. but albeit, positive data coming through. at markets,ou look what do you think about europe versus the u.s.? he had an all-time high on the s&p 500 yesterday. european markets have done incredibly well year to date up 18% and 17%, cac even ftse up more than 10% but it still has catch-up to play with u.s. markets. do you see that happening? thanos: my concern on the differential between the dax and the s&p is mostly on the geopolitical side. i think president trump, who has been focusing on the sino-u.s. relations, will gradually shift his focus away from china and on to europe and specifically within euro germany. andpect political tension tough negotiations ahead of the 2020 elections coming through. i am more worried about that and did not expect the dax to reach the s&p performance. at thenteresting looking french gdp number because a lack of exposure to global trade cushions franch more tha

we're going to win the war china and russia and others are prepared to win that war. well. as an aside regarding this i recommend that everybody read michael hudson super imperialism because he talks about this in fact the u.s. does prefer very high oil prices because it requires more dollars to be sent overseas and then there for them to buy more bonds like fannie mae freddie mac. bonds and u.s. treasury bonds so they need said more and more dollars overseas so that's one thing about that but i also want to turn back to that big coin and the reaction to the federal reserve bank and their minutes because another part of that tying to china is a tweet from joseph young c m e big queen futures recorded five hundred forty six million dollars in volume on april fourth and most of it came from asia according to bloomberg with china seeing a strong o.t.c. bitcoin buys as reported by c.n.n. ledger it seems like the overall interest in crypto in asia is rising fairly rapidly right when gold is unavailable to buy and it's hard to buy gold you know if you're sovereign like chin

china has done very well. and i don't blame china, i say it all the time. i don't blame china. i blame the people who sat at this desk. they never should have allowed that to happen. so it will bring a lot of things back. i think it will be great for the united states. hopefully really good for china, too . >> [inaudible] >> we are going to have things. we are talking intellectual property protection. certain tariffs. very important certain elements of the tariffs, in discussion right now. we have a number of things. we have also agreed to far more than we have left to agree to. in fact,, i think i can say that some of the toughest things have been agreed to. we have some things that are actually easier right now, that we are doing. but using a word i don't like using often, it is a very comprehensive deal, very complete.

and china. china is omnipresent these days from investments to high technology to geostrategy, and it's also become quite a factor in u.s./eu relations as well. the united states under president trump announced a fundamental shift in u.s. policy towards china, a whole of government approach that was announced here at hudson institute by vice president pence in his historic october 4th speech, and now after years of largely benign view in china, of china in the eu, a view that was parallel to largely benign views held here in the united states by leading opinion makers, viewing china as a strategic partner, as an engine for markets and investments, china is now viewed with shall we say greater nuance in the european union. recent guidelines given by the european commission and european internal affairs service talked about china simultaneously as a country with a partner with whom the eu, i'm quoting, has closely aligned objectives, a negotiating partner with whom the eu needs to find a balance o

us- trade talks - make us— china trade talks involving tesla a re us— china trade talks involving tesla are on the agenda. let's talk to monica miller. it looks like a busy week ahead. we are starting with british lawmakers that are due to vote again on alternative exit proposals. 0n to vote again on alternative exit proposals. on tuesday, we get a rate decision in australia. the government is also presenting its budget for the year. on that same day in taiwan, taxi drivers are expected to hold a major protest against uber. 0n expected to hold a major protest against uber. on wednesday, china's vice premier is had —— heading to washington, dc for more trade talks and the government's contempt against elon musk is scheduled for thursday. ending the week, australian finance ministers will meet in thailand and it will be about opening up the banking system —— taiwan. about opening up the banking system -- taiwan. a lot of developments today just for investors. -- taiwan. a lot of developments todayjust for investors. thank -- taiwan. a lot of developments today just for investors.

what we see in china today is grand ambition. president xi said he wants china to be a global leader in terms of comprehensive national strength and international influence. we see the belton road policy, we see the 5g and hi—tech commitment which is making china a world leader, which worries the us more than any other nation. what we don't see is america responding with a similar outward looking global tech driven vision. where's the american belton road? the challenge here, and this would've been what the transpacific partnership would have in part supplied, is that sense of an affirmative american view shared by lots of other countries. the same is true in pushing back against chinese trade practises. rather than start second and third—front trade conflicts with the european union and japan over steel and aluminium, over steel and aluminum, it would make more sense to make common cause with them, as well. so i think china has a lot of its own challenges to deal with domestically, as well. so our relationship with china, th

controlled by china it's a project that china where china aims maybe not to dominate the world but to shape the rules of global trade and global infrastructure along its own needs all right accor spondylitis bellinger reporting for us in beijing thank you. thank you now as ass crowds have been converging on army headquarters in sudan's capital khartoum to press for civilian rule there answering calls for a million strong march to demand the country's new military government step aside the military council took power earlier this month after deposing longtime president omar up a shock. and they've come from far and wide to take part in the million strong march opposition groups are relying on their strongest weapon the power of the street they're demanding the military step aside. i didn't wanted any we want civilian rule it's as simple as that my eyes in this should be jobs for everyone we have to get this country back on track but the lesson in. the protesters are trying to keep up pressure where it counts outside army headquarters in khartoum last night three controversial members o

china is big china is fine china is high tech. nation is striving for power to become the technology hub of the world. and road initiatives in twenty first century silk road it's been called by the rich chinese marshall plan back to campaign for global dominance but does the trade go late. we cannot let mutual suspicion get the better of us from. europe one straight but. this has to lead to a reciprocity that we are still struggling to achieve during in the months from now . european industries are increasingly falling under chinese control. of the. european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who way. is china spying on europe. none of us is naive. china relations facing new challenges time and even a couple. you know hardball when you said you were looking for the closest possible relationship right here or should we disregard the sp

so democracy in russia, china and iran depend ultimately on the people of russia, china and iran. so the central message of the rise and fall of peace on earth is optimistic and pessimistic. there is good news and bad news. the good news is we have a formula for peace. the bad news, we do not know how to implement. and that leads to one final question. given that we cannot make the distributors of the piece, democracies and thereby restore democracy, what can we, by we i mean united states and other democracies do, to increase the chances that these desirable outcomes will come to test. what can we do tonight she's countries in the desirable direction. in my view, there are three initiatives. three policies if you like. the united states and other democracies can and should undertake to try to push the world in a desirable direction. first, you can and should adopt a refurbished version of the cold war policy of containment. during the cold war the united states and the democratic allies opposed the political design and resisted the military initiatives of the soviet union. in the

and one point five percent for china. do them up. the self-inflicted wounds the tribute void to the gods messages clearly aimed at american and chinese trade representatives in the weeks now they've been trying to find a solution to this simmering trade conflict the clock is ticking and international economists hope to trumpet ministration who heat the warning. all right for more let's bring in john milton my loan at the franklin stock exchange good morning to you janelle amid all the doom and gloom the market holding up. good morning monica well pretty well considering the docks appears poised to follow the lead of asian markets which of course have been boosted by optimism over a potential u.s. try and china trade deal now of course there's been a lot of news for the markets and i just this week that outlook just being one the deadlock over brags that being another all of those of bad news to be sure but none of them knew bad news and these are these are ongoing developments and investors are very familiar with this narrative alrea

of china. and this is not the way to have a good policy, and it's not the way to advance u.s. interests in the future. >> thank you so much. thank you so much, ambassador. i think we have run out of time, and we very much enjoyed this conversation about china that is growing, a country that has lifted hundreds of millions of people out of poverty that you often talk about in your reflections, and it's most definitely the most prominent hiss history of advancement in human history. i thank you for sharing with us these wonderful insights and your wisdom for going forward. thank you. >> thank you. thank you all. [ applause ] >>> now more from that event, which included a discussion on the current state of u.s./china relations and whether it is leading to a new cold war. >> let me see a show of hands. how many of you are from outside of washington? outside of washington, but you're living in washington, though, right? no. how many of you are originally from china or studying here from china? oh, w

russia and china have come out with blueprints. or road maps to resolve the standoff on the peninsula in their longstanding ok and there and i think they're very via. well here you mentioned south korea russia has a good relationship with south korea is well and we know that that it's the south koreans in after the in the wake of the failed to noyo summit which i believe was intentionally sabotaged by john bolton and mike pompei o m people like that this is an opening to deal with north and south korea simultaneously as and as i said in my introduction the peninsula they're looking at the entire peninsula go ahead and comment on that. well yes it's absolutely correct in the last twenty five thirty is russia has developed a very cool to all relationship with south korea and that is good for pace on the korean peninsula that is good for peace in the general region however the problem is that like turkey south korea is a strategic ally of the americans and that is not going to change and that is why the south koreans to the disgust of