global climate connection held a summit recently on the challenges and prospects of u.s., china, and drad relations, this next portion includes the keynote address and the conversation with the former u.s. ambassador to china. it is about 50 minutes. >>> hello fellow gccers and friends. i'm the first female president in gccs ten year history. gcc is the largest student run nonprofit organization with presence in over 75 europe campuses across four continents. it is clear to me that if you're spending your saturday morning sitting here right now you're all leaders and visionaries looking to engage in the coming of china as a global power in one way or another. as we all know we're in a critical year. there is a lack of communication and understanding between these two groups, and gcc will continue to dedicate itself to do the right thing. to serve as a platform and to create a space for dialogue so both sides can benefit and grow with understanding. some people asked what is my agenda, my understand is that there is none. we're just here to provide you with the platform to hear differ

online at studentcam.org. today, globallier china connection held a summit looking at the challenges and prospects of u.s. had china -- of u.s.-china diplomatic relations. it led off with jay. stapleton roy reflecting on his experiences growing up in china and this perspective -- his perspective on u.s.-china relations. >> thank you. let me get these out-of-the-way. good morning. >> good morning. honors a pleasure and an to meet with you this morning. the mission of global chinese connection as i understand it is to build relationships that will change the world. i am here this morning to talk about one of those relationships, the ties between china and the united states. it's a subject dear to my heart, and i think many of us here would agree that it's a relationship that has the potential to change the world. china for seven years during the japanese conflict in world war ii. my earliest memories of china as a three-year-old and four-year-old were of sitting in out and listening to bombs falling outside. believe that children are flagyl -- fragile blossoms and early chil

trade agenda with china, with usmca. hopefully we'll be able to shed light on that with the focus today on china. thanks, again, to all of you for being here. for those of you new to wita, we're the association for the trade community with members of the u.s. government, congress, administration from the private sector, from embassies, academics and of course the press. thise very pleased to have fantastic panel here today to talk about what is happening in the u.s. china trade relationship. a lot of businesses are very interested in what has been happening. there have been a lot of concerns about what is happening with the tariffs. they are hoping that we get a good result. we will be having this conversation. we hope you will join us at our upcoming events. we'll be talking on may 9th and may 16th, we'll be looking at bank and the reauthorization and export financing, what it means for u.s. businesses. with that, i'll turn it over to our moderator, michael smart. we are grateful to him for all the support in wita and for what he has done with the trade. michael? it is a terrific lineu

member of the european left of a member of the e.u. china delegation he says asia and europe need to be the closest possible partners to overcome the global problems now talking about problems and max every time i talk about europe and asia people say to me you mean china what many people here is you know is the not in this china so let's talk china. china is big china a sponsor china is behind change. the nation is striving for power to become the technology of the world. second road initiative it's twenty first century silk thread it's been called by the rich chinese martial plan dates back to campaign for global dominance but does the trade go the way. we cannot let mutual suspicion so we all get the better of us from. your once trade but. this has to lead to a reciprocity that we are still struggling to achieve using in the months from now . european industries are increasingly falling under chinese control. or the result of european enterprises need to get the same degree of access to the market as the chinese get in europe the last two films. china is a global player when it comes

problems and bachmann next every time i talk about europe and asia people say to me you mean china many people here is the non in this china so let's talk china. 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

and trade relations between the u.s. and china with j. stapleton roy, who served as u.s. ambassador to china during the george h.w. bush and clinton administrations. this was part of an event hosted by the student-run organization global china connection. >> so hello fellow ggc-ers and friends. i'm the president of gcc central math. i'm also the first female president in the history. gcc is the largest student-run nonprofit organization with presence in over 75 university campuses across four continents. it's clear to me that when you're spending your saturday morning sitting here right now, you're all leaders and visionaries who are looking to engage in the coming of china as a global power in one way or another. as we all know, we are in a critical year for the u.s./china bilateral relationship. there is a lack of communication and understanding between these two groups, and gcc will continue to dedicate itself to do the right thing, to serve as a platform and to create a space for dialogue so both sides can benefit and grow with understanding. some people have asked me, what is y

world today, the ongoing trade conflict with china and china's changing role in the international financial system. china's evolving role in global trade is helping every corner of the united states economy. in my home state of nebraska which i tend to think of as being as far away as possible as you can get from all of this in d.c., they suffered close to $1 billion in economic damage that's been attributed to the ongoing trade conflict with china alone. so this issue is wide-ranging, very complicated and incredibly consequential to the united states today. thankfully, we are about to hear from someone who knows far more about this issue than i do. dr. john lipsky is a fellow of the foreign policy institute. he served as first deputy managing director of the international monetary fund. from 2006 to 2011. previously, he served as vice chairman at jpmorgan investment bank and chief economist at several leading financial institutions including chase manhattan bank and solomon brothers. currently he serves on the executive committee of the national bureau of economic research and on

pressure by china. factors include economic development which require huge resources. north korea does not have many. the second threat is possible degradation of united states rok alliance. one of the biggest concerns was normalization between the countries would inevitably lead to u.s. troops from south korea and ultimately the degradation of the alliance. it is a lack of progress in negotiations that can lead to this collapse. in ability achieve progress in negotiation with north korea is more likely the cause. in the position of north korea, it is not an interest in hostile relations with north korea. the image of the superpower can be tarnished if it is unable to come to an agreement. it can potentially push its asian allies to seek their own stance. excuse me. remembered that and japan conducted their nuclear programs in the past and have all of the necessary economic, scientific capabilities to create nuclear weapons in the short term. they just need political will to transfer their nuclear programs to military. the next threat is further threatening of china's monopoly. china h

organizations from belt and road participating countries to visit china. we will encourage and support extensive cooperation on livelihood projects among social organizations of participating countries, conduct a number of environmental protection and anticorruption training courses, and deepen human resources development cooperation in various areas. to run thetinue government chinese scholarship silk road program, host the international youth forum on creativity and heritage along the silk road, and the chinese bridge summer camps. we will also put in place new mechanisms such as the belt and and thedies network tot and road youth alliance our inspiration and pool strengths for greater synergy. [applause] pres. xi: dear colleagues and friends, this year marks the 70th anniversary of the founding of the people's republic of china. ofough the arduous struggle generations of chinese people and under the leadership of the communist party of china, new china was founded. we chinese have since stood up and held our future in our own hands. [applause] pres. xi: over the past seven have, bas

for talks the meeting comes after china e.u. member italy part of its controversial bed and road infrastructure initiatives also coming up where do most top restaurants in france get their caviar from well the answer might surprise you and oil prices reach levels they haven't seen in months unrest in libya further reduced supplies on the world markets. i'm chris colfer welcome to the show. and restart the program with a stern warning from washington the united states has threatened to impose further terrorists of more than eleven billion dollars an e.u. products in response to subsidies brussels is paying to airbus a list of products subject to possible new tears includes airbus planes and related products in the sector but also food products ranging from swordfish and salmon to cheese all of oil and wines you meanwhile has sued the united states for subsidies paid to airbus rival boeing the world trade organization says both parties have broken global trade rules. now the on going global trade just views are shaking up established trading patterns and the e.u. china summit in br

participating countries to visit china we will encourage and support extensive cooperation on livelihood projects on social organizations of participating countries conduct a number of environmental protection and anti corruption our training courses and deepen human resources development cooperation in various areas we will continue to run the chinese government scholarship silk road program. post the international forum on creativity and heritage along the silk road and the chinese bridge summer camps. we will also put in place new mechanisms such as the belt and the road studies network. and the belt and road news alliance. to draw inspiration and poor our strength for greater synergy. remember dear colleagues and friends. this year marks the seventy is anniversary of the funding of the people's republic of china. seven decades ago. through the arduous struggle curried out by several generations of chinese people and under the leadership of the communist party of china new china was founded we chinese have since stood up and held our future in our own hands. over the past the seven de

holds talk with china's vice premier over there $360 billion trade war saying it could be resolved within a few weeks. plus after the biggest divorce in history, jeff bezos is still the richest man in the world with but his ex— wife is now one of the worlds richest women. and on the market, a muted day of trading gci’oss market, a muted day of trading across asia because hong kong and china were closed for a holiday. there is little change in the dollar. jobs report is coming up from the us a little later on. we started in washington regarding the trade talks with china. donald trump says the deal has a very good chance of happening and could happen within a few weeks. but he warned it would difficult to left —— allow china to continue trading with the us if issues remain. last year to president trump imposed taxes on $250 billion worth of imports from china because of what he says where unfair trade practices against the united states. china retaliated with ta riffs of united states. china retaliated with tariffs of $110 billion worth of goods that it purchases from americ

between the european union, china and the u.s., and china's growing influence in europe, among other issues. from the hudson institute here in washington, this is just over 90 minutes. >> good afternoon and welcome to hudson institute. i'm ken weinstein, president and ceo of hudson institute. delighted to see the crowd here and the press coverage for our event today, which focuses, as you can see -- caught in the cross fire, balancing eu relations with the u.s. and china. china is omnipresent these days from investment to high technology to geo strategy and a factor in u.s./eu relations, as well. the president announced a fundamental shift in policy towards china, 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 parallel to largely benign views 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 the

him over china's five g. giant fell flat in south east asia apparently southeast asia is ignoring the u.s. threats to not use five g. the the five eyes partner nations have all basically stopped using weiwei but that's that includes the u.k. australia new zealand canada and one of the person i think but the region is shaping up as a key battleground in a war between the us and china to influence the roll out of super fast five g. internet services billed by experts as an era defining technological shift that could pave the way for breakthroughs in everything from artificial intelligence to the creation of smart cities so era defining and shifting technology and we've seen this throughout the past thousand years of human history is that as soon as there's a new era shifting technology or energy source like from coal to whale oil to you know oil from the ground you know whoever controls that changes you know becomes the new power of the superpower of the world so right now apparently if china's five g. is like twelve to eighteen months ahead of anything else in the west and it's lik

white house thursday, president trump and administration officials met with the vice premier of china to discuss trade. from the oval office, this is about 20 minutes. pres. trump: thank you, it is a great honor to be with the vice premier of china, a highly respected man all over the world. we have had tremendous discussions. we are getting very close to making a deal. that does not mean a deal has been made. it has not. we are certainly getting closer. in the next four weeks, maybe less, maybe more, whatever it takes, something monumental could be announced. we very much appreciate the letter from president g who , i appreciate that. happyticular, i was very to read these headlines that just came out. china bans fentanyl, fulfilling a pledge to president trump, china announces new crackdown on foranyl, a terrific thing the united states, and a letter from her great ambassador, terry branstad, saying exactly this. china is reclassifying fentanyl. there will be criminal penalties if you sell fentanyl. as you know, there were not any in the past. we have made a lot of progress. i want to

look at the current relationship between the european union, china and the u.s. and how the eu's relationship with the two countries impact trade and cyber security. this event hosted by the hudson institute is about 90 minutes. recent guidelines given by the european commission and the european external affairs service talked about china simultaneously as a country, a partner with whom the eu, and i'm quoting, as closely aligned objectives, and needs to find a balance of interest and economic competitor in pursuit of technological leadership and systemic rival promoting alternatives, models of governance. this need to have a more nuanced approach to china comes against a backdrop of increased chinese willingness to seek to use various levers against the eu, whether through belt and road and its new partnership with italy, through the 16 plus 1 arrangements and others. and today we have an extraordinarily distinguished group of observers with us to examine the eu between the united states and china. let me note first and foremost that our moderator is going to be ashley tellis, t

is from nor saying who says does it still have any importance in the minds of young people in china under xi jinping another person but the. chinese know about the massacre their internet is highly censored so it was i'll give this to you because particularly that last comment about the internet being highly censored something you know very well about. yeah i mean i think you know it's censorship infrastructure in china that should be constructed on the basis of technology based restrictions legal restrictions as well as strategies of social control and information about china. is blocked and policed very heavily and one of the interesting things about this forms of censorship is that it's also imposed outside of china's territorial borders we chad just one of the most popular social media platforms has about one hundred million registered users outside of china and so the censorship controls and it's a bit about tiananmen also transfer outside to affect the chinese diaspora. and it's one of the reasons that the china file you can see them on my laptop here this new site asked peopl

years and china wants to rule of course china is already much head of the world in the surveillance state and they have a social credit score and their population really has been insecticide they are insects that respond to command control central and the five ga over huawei is fun that's going to be rolled out globally so that's the battle the us would love to be master of the insect world that what we're used to be called humans but they are too far behind there are involved in this interesting and fight between the democrats and republicans and nancy pelosi am versus donald trump and so they're letting the future and get away from them yeah so the future is here in southeast asia we have malaysia we have thailand we have all philippines everybody are buying these five g. technology it's not just on the phone it's the actual like infrastructure is being provided by huawei i also want to point out that when you talked about the insect a fixation or that you know the ego is a huge hit has been tick tock and this is going to be like it blows away all these other startups in america t

brussels pledging equal treatment of chinese and foreign companies but will china walk the walk. across the program the international monetary fund sees the global economy at a quote delicate moment the organization organizations chief economist says that while she does not predict a global recession there are many side risks the i.m.f. forecasts global growth of three point three percent this year and three point six percent and twenty that's a slowdown over last year and weaker than originally forecast weakness is expected in the united states thanks to trade wars and proposed tariffs on cars all the worries are drags it and a general economic slowdown in the world's second biggest economy in china. now for more on those let's bring in our financial correspondent in frankfurt the i.m.f. says this is a delicate moment for the world economy and some major players like china or germany might need to take short term actions explain this warning to us. well chris you know in both countries china and germany the focus of the governments for a long time has very much been on stability in the

government bails out state. sooner rather than later. 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

the death toll in last sunday's attacks on six hotels and church. also coming up china expanding global summit impatient for the multi-trillion dollar project is a source of needed investment for countries and a source of worry for others who see china extending far beyond its borders. to the other side beat. those winds with the storm surges up to five meters residents free in lines just a month after. death and devastation that's country. to thank you for joining us. sri lanka's president says the suspected leader of the easter sunday attacks died in one of the hotel bombings speaking to press the capital colombo might seem to say now also made an appeal against the backlash that muslim communities have seen in the wake of the attacks today many muslims attended friday prayers despite warnings from religious leaders that more attacks could be imminent police are seeking one hundred forty people believed to have links with the islamic state group. let's bring in journalist she joins us on the line from the capital colombo hi jamie lynn now there's been several developments we've

story. >> next, a look at the current relationship between the european union, china, and the u.s. and how the eu's relations with the two countries impact trade and cybersecurity. this event was hosted by the huntsman institute. it's about an hour and a half. >> good afternoon, and welcome. i'm ken weinstein, president and ceo of hudson institute. delighted to see the crowd here and the press coverage for our event today which focuses, as you can see, caught in the crossfire, balancing eu relations with the u.s. 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

he is increasingly worried about the fed's independence. steven mnuchin says the u.s. and china are closer to a deal, but he is also worrying about currency manipulation in japan. >> let's get you started with a look at the markets close in the u.s. brought optimism over the global economy because of positive data out of china. s&p 500 gaining for a third consecutive week. onancials leading the gains friday, positive earnings out of jp morgan. the only sector in the red was health care, insurers falling for a second consecutive session as we had congress debating drug costs. u.s. futures holding at 29.13. let's see the asian session. sophie: some of the optimism may be happening for asia. futures are narrowly higher and we are seeing the tone set in wellington. we enter a week that offers chinese gdp numbers and u.s.-japan trade talks in the wake of japan highlighting concerns over china's industrial policies when they held economic talks on sunday. also we get trade data in india as the r.b.i. governor warns the economy needs to grow faster to deal with poverty and challenges. indo

might still be a show car but the electric s.u.v. will be built and sold in china starting next year later the usa and europe will follow china is to become the focus groups leading market for electric mobility millions of cars will roll off assembly lines here. china really would be the automotive powerhouse of the future electric cars fully connected cars all that technology enterprises working very closely together here we are a very important part we have eighteen percent market share in the group fourteen alone. so we are strong pillar of the south the motive industry the wolfsburg company wants to counteract the declining sales figures in the asian giant with a completely new car brand for china the jetta this inexpensive v.w. was designed especially for the chinese market for the equivalent of ten thousand euros the sedan or s.u.v. will reach completely new groups of buyers eighty one percent of those first time buyers so when we want to attract new chinese customers we have the first time in their life and chance to buy a car into our group environment then this is the place

around. china is drawing europe close a into its orbit it's besting heavily across the western balkans laying groundwork for a new battle for influence on the e.u. use french chinese prime minister the chinese in croatia signing trade treaties head of friday's joint economic summit with sixteen european nations. it's the first visit by a chinese premier here on the surface it looks like a mutually beneficial relationship. but some members of a beijing is trying to use the group to drive a wedge between brussels and the rest of the block. military honors for an honored guest chinese premier league caijing and his career counterpart under a plank of age quickly got down to business so a new deal spanning from tourism to trade and infrastructure projects. this is a major turning point in our two countries relationships and i'm exceptionally satisfied with our substantial talks today which realistically set the ground for future cooperation on the development of projects including industrial services railway infrastructure economic digital technology projects science education agri

countries including russia and germany are expected to join to learn more about china's new silk road and one of the routes will run through central asia and moscow all the way to rotterdam roads and railways as well as power stations telecommunications networks and pipelines then there is the maritime silk road which will connect china with europe africa and southeast asia with china already investing billions into infrastructure projects along the way so what's this new silk road all the ballots and what role does china play in hopeless . these workers are assembling cooling and heating units for industrial buildings they are later going to be shipped to the u.s. pakistan bangladesh and mexico you have dark or broad group is a company specialized in energy fission the air conditioning heating and air purifying they'd leave broadest planning for further international expansion. in that union and the delta raid initiative is a good opportunity for us to cooperate and to promote our business further we expect to see a lot of new opportunities where we are the other day she heard the. p

. right now it's time for cross talk with china's growing economic presence in. hello and welcome across. china has arrived in europe in a very big way and not everyone in the west welcomes this italy's support of china and road initiative is a game changer the washington consensus that has dominated the world for the past seven decades is being challenge the turn to the east continues. 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 chines

the world literally. emerging markets trying out the china, u.s., brazil, germany japan as hopes for a trade cool loom does this rally have legs? what should you be buying? is there an emerging market specialist in the house? >> i'm in a different seat tonight and therefore i get this assignment i think, look, if you think of the dow that we have there's reason to be excited and not a reason to do cart wheels and the services data which is the best in 14 months and the bottom line is the pboc is throwing deleveraging out the window and they're throwing as much credit for the problem as possible and what it means for the regional markets and the regional economy is good and as we're getting closer to yet again another trade deal and it seems like we get a boost from this every single time and the technical guys will look at the em and the semis, and pick something global and cyclical and we've extended the move and we're at fresh levels for a lot of things that we're running into the same areas and look at the dax and if anything europe has been the most beleaguered market across the wo

boris -- johnson ahead of the pack. the u.s. and china are optimistic of trade talks, saying substantial progress has been made although more needs to be done. steven mnuchin and robert litan desert -- lighthizer are expected to fly to beijing next week. the chinese negotiator will travel to washington. larry kudlow says talks are going well. >> we are not there yet, but we made a heck of a lot of progress. we have come further, deeper, broader, larger scale thsn anything in the history of u.s.-china trade. i don't want to make a prediction or forecast, but we have gotten closer and we still are working on the issues. auto regulators are checking more than 12 million vehicles for a potentially lethal flaw that could prevent airbags deploying in the crash. if identified, two major accidents in which the airbags did not deploy and toyota cars. -- in toyota cars. and it is thought electrical overstress could make them fail. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summe

david: it is early but the market story so far is china. reacting to the positive data we had. yvonne: what were you talking about on bloomberg radio, tiger woods winning the game -- the green jacket points degree on stocks? [laughter] yvonne: we are seeing green arrows when it comes to equities in the region. it was the credit data over the weekend that we got that really got things going. the trade deal itself to not do much on friday, that it was the fact that there are signs that credit growth is coming back. is that a sign of credit demand? we were talking to mccrory earlier and they said perhaps not. it could be pulled stimulus and banks essentially forcing to lend to the private sector. nevermind that, markets are saying. large-cap up 2% to bank japan. also leading things higher, and took you up close to 1.5%. well, and next bag -- a mixed bag when it comes to valuations. your career one -- korea one and rupiah looking good. we are seeing things look a little more positive. more tailwinds out of the u.s., the bank earnings lifting things up in the u.s. as well, and bond

fighting its trade war on two fronts not just china a frustrated president donald trump is threatening the european union with tariffs of billions of euros worth of e.u. goods the u.s. says they'd offset unfair european subsidies for its main make up. air bus isn't just an aerospace giant it's a pan-european collaboration supported in part by government subsidies a fact the united states says gives airbus in unfair advantage one that president trump wants to take action on and lie a tweet he announced eleven billion dollars in new punitive tariffs on european products it's a conflict that has been brewing for fourteen years for their part their bosses european investors accuse the u.s. of propping boeing up with a vengeance of its own both sides filed suit with the world trade organization and says both sides subsidies are on lawful. france's finance minister is calling on both parties to find common ground. or want to see the situation in global growth as in i don't think we can afford to have a trade conflict even if only on the specific issues of the aircraft industry in the united stat

and sony from japan today. from china, the highlights during a week that may be the worst for chinese stocks this year. the last trading day for markets ahead of the golden week break, stocks looking at a decline amid a second round of trade talks between the u.s. and japan and a raid on jobless data and industrial output figures and looking to hold steady after recent declines after we did see growth worries on that gdp miss, nomura cutting its growth forecast. kiwi stocks opening lower, down 10,000ter reaching the level this week and aussie futures hinting at losses as well. and 11-year high on rate cut expectations and flipping the board that has weigh on the aussie dollar this week. the currency just hovering around that 70 handle that it breached overnight for the first time since january. the kiwi dollar is gaining ground ahead of consumer confidence and trade figures from new zealand and we do have the yen steady after rising to 18 of-week high after seeing some short covering ahead of the 10-daybreak. below.the currency slice societe generale hinting caution , an important sig

lend legitimacy to china's infrastructure vanity project well this is a lot more than of vanity project and it sounds more that they find it threatening go ahead patrick. it's a very great deal more than a vanity project that's a ridiculous description and i think the larger point peter is is it washington's position to confer deny legitimacy in these sort of things if the law whole statement reeks of washington's inability to to to read the clock and see what time it is. the world's changing europeans i think to to my to my delight our last figuring this out. and addressing addressing a future where there are going to be. more independent coal power i couldn't be more pleased at that prospect one has waited for it for decades of course. ok let's go to it let me go to paris here is on francois how far as it being in europe and being a european do you see china as a threat or is it an opportunity because you look at the scaremongering out of washington and other capitals in in europe i mean i'm thinking of president ma mccrum he one on one point admonishes been at the same trip t

with jessica summers. jessica: the trade talks focus shifts back to china amid increasing signs a deal may be close. treasury secretary steven mnuchin and the u.s. team will travel to beijing, having said significant issues remain but the enforcement mechanisms are close to done. a source within the administration warns president trump may still walk away if he is not satisfied with how the talks are going. boeing has mounted a strong defense of its software system linked to two fatal max crashes but failed to say whether the the original program is flawed. the ceo refuses to concede the software, and insists boeing have the appropriate regulations. the system was activated by incorrect data readings in both crashes. >> we know that in both activities -- accidents, there was a chain of events that occurred. one of the links in that chain was the activation of the system because of the erroneous data. that was a common link in both accidents. we know that we can break that link in the chain. jessica: the imf says inflation in iran could reach 50% if the u.s. tightens oil sentience on th

so forum is underway in beijing critics decry what they call china's debt trap diplomacy. and economic powerhouse south korea's fees and unexpected decline its worst quarterly drop in a decade. welcome to visit i'm john allen lautenberg lin thanks for joining us we begin here in germany where merger talks between the country's number one and two banks thought to bank and comet's bank have collapsed what are created germany's biggest financial institution but it seems the operation would have been too costly and complex. beilin wanted it to happen but that wasn't enough to unite the two german giants but yes george bank said right from the beginning we would only go into these this weren't sure if it makes economic sense if it is beneficial for shareholders and for the stakeholders this was not given here after a very deep conversations and talks with comments but we came to the conclusion if we put chances and wrist against each other that we should stop the talks about this merger know the government's hopes of the two banks combining to raise a powerful national champion for

a member of the e.u. china delegation he says asia and europe need to be the closest possible partners to overcome the global problems talking about problems and bachmann is next every time i talk about europe and asia people say to me you mean china many people here asia is synonymous with china so let's talk china. 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 bee

interesting to see whether that moves the needle. it is looking next, but china on a tear. yvonne: we got this news of tax cuts coming. the airlines got a lift after we heard that china will be cutting some of the fees when it comes to doing business. that sent a lot of airlines up today. take a look at the broad picture. a mixed bag when it comes to equities. up csi 300 notable to watch, 0.7%. the dollar on the back foot. asia fx up on the trade optimism. beneficiary,llar a rallying 0.1% at the moment. yields, that backup and yields is helping as well. after we sought u.s. 10 year treasuries fell off overnight. now that we do see perhaps a trade deal is imminent, perhaps fed rate hikes could be back in the picture as well. the risk when it comes to the bond market are moving differently. take a look at this. most mainland markets including hong kong just heading higher as well. that is playing into it. let's talk about india. that will be a key one. we reached record highs when it came to the sensex and the nifty. we were off yesterday at head of that decision today. out of 43 economists

consensus model that the e.u. has served it well but now it takes china less time to set up a whole industry and for the european union to come up with a coherent policy don't you think that this mechanism of making decisions by consensus in this day and age when everything changes by the minute is a bit outdated to say the least. seeing that is a bit about that you know but if you compete with china if you if it takes you years just to come up with a policy. that democracy is. at least. to find. killing millions of people. because there's been a very difficult. decisions they don't have to be. people. from the mental freedom. to decide to do. what has been promised by the. simple and they know just the very beginning. to. a crucial democratic debate. because they were. even to. the european union especially when it comes to technology regulation innovation i are saying the. choice between either having a democracy or have in the. i think that this is a very good question and this is the main challenge. because the main of the. two days. and is challenging to see. is the. reduction

administration. david: there's also news on china. we want to come back to you in a moment. in the meantime, let's go to roderigo in madrid. we have elections, what can we expect? probably beese will the most divisive and fragmented we have seen in spain since the late 1970's. there are questions about what the outcome will be. the big expectation everybody has is that it will probably be a surge of the right but not .nough to topple the left what we have to see is how those coalitions will be formed. david: is there a chance the current prime minister wife get an outright majority and will not have to have a coalition? roderigo: so far, nothing has indicated he will be able to govern by himself. he will probably be the front-runner, the person with the most votes, but it seems unlikely he will have more than 50%. david: thank you so very much, roderigo coming to us from madrid. now let's bring in michael mckee. we have gdp numbers and inflation numbers. did it surprises question -- did it surprise us? did.el: it if you're a politician the white excited, butght be if you're an economist you

continue doing business there but china has repeatedly come under pressure of corporate espionage recently states chinese telecoms equipment maker by way of installing technology that could allow beijing access networks around. china is drawing europe closer into its orbit it's besting heavily across the western balkans laying the groundwork for a new battle. her influence on the use french chinese brand is that they can chang is in croatia signing trade treaties ahead of friday's joint economic summit with sixteen european nations it's the first visit by a chinese premier here on the surface it looks like a mutually beneficial relationship. but some e.u. members via beijing is trying to use the group to drive a wedge between brussels and the rest of the block. military honors for an honored guest chinese premier league asian and his career counterpart under a plinker vage quickly got down to business so i don't deal spending from tourism to trade and infrastructure projects. only if this is a major turning point in our two countries relationships and i'm exceptionally satisfied w

much to china now a high level belt and road summit is kicking off in beijing today political leaders and business representatives from some forty countries including russia and germany are expected to join to learn more about china's reimagining of the silk road one of the routes will run through central asia and moscow to rotterdam they'll be roads and railways as well as power stations telecommunications that works and pipelines the maritime silk road will connect china with europe africa and southeast asia with china already investing billions into infrastructure projects along the way a critics warn the president she's pet project plunges partners into debt while giving china more power. the new silk road is president he's foreign policy baby to ensure his new economic superhighway to the world succeeds china is providing international delegates a warm welcome. to smooth over any potential rough spots. around we should strengthen debt and risk management we should object to fully and fully understand debt problems of developing countries but. the belton road initiative presents a

him kicks off in beijing china wants to boost foreign investment in its project of the century but critics warn of beijing's debt trap diplomacy. and it's the owning season for facebook it's time to face the truth and a massive drop in quarterly profit. have to do business i want to get jones in berlin good to have you with us so they were discussing a possible tie up more than six weeks and then announcement was due tomorrow now it seems those merger talks between daughter bank and bank have come to a premature end. both banks declined to comment but investors reacted quickly shares in collapse dropped more than one percent on the news. or rather for the latest let's bring in our financial correspondent ali bards who is in frankfurt with the doj of bank towers right. and you ted. i can tell you more than that other than that there are more sources than reuters who are saying that i talked to a press spokesman at the door at your bank just a few minutes ago about ten fifteen minutes to go before coming here and he said that he called me back soon as anything developed but he wasn't

made him over china's five g. giant fell flat in south east asia apparently southeast asia is ignoring the u.s. threats to not use five g. the the five eyes partner nations have all basically stopped using weiwei but that's that includes the u.k. australia new zealand canada and one of the person i think but the region is shaping up as a key battleground in a war between the us and china to influence the roll out of super fast five g. internet service is billed by experts as an era defining technological shift that could pave the way for breakthroughs in everything from artificial intelligence to the creation of smart cities so era defining and shifting technology and we've seen this throughout the past thousand years of human history is that as soon as there's a new era shifting technology or energy source like from coal to whale oil to you know oil from the ground you know whoever controls that changes you know becomes the new power of the superpower of the world so right now apparently if china's five g. is like twelve to eighteen months ahead of anything else in the west and it's l