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

things have been shifting out of china. this might just be the last heave that actually pushes things out there. yvonne: we'll have more from that interview, the collaboration with our bloomberg news team. let's teak a look at the market check quick. equities are a bit up here this morning although volumes are quite low. we're waiting for the fed and jay powell's testimony here. we'll wait and see. we are drifting slightly higher. dollar seems to be a little bit stronger on the back of asia fx. continuing to price larger when it comes to sovereign yield. >> you look at the two, the five, the 10 and the 30 and where they have gone. it suggests that markets have been pairing back what many people have said a little bit more extreme expectations of the fed. are they going to cut 50 basis points and will it make sense? this is where we are on the two and the 10 and sterling is under pressure. yvonne: two-year low under the pound here after weak data when comes to retail sales and boris johnson on the no-deal brexit. we saw yiel

the cratering metropolis brimming with confidence is the face of the new china an ambitious china with eyes clearly focused on the west. and the way there is the new silk road we retraced 2 routes over land and sea from the chinese city of shenzhen to the german city of do sport. what lies behind china's grand ambitions what transformations will this route bring and how will these changes be felt in germany in western europe. i boarded a train from shenzhen headed west through the night in my restless sleep to the sound of the wheels on the tracks conjures up the plot of the camel caravans that once traversed this route. the train is scheduled to arrive in didn't want at 6 30 in the morning. but it pulls into the station half an hour early. china has taken many by surprise in its hurry to reach the west. as day breaks in doing the sand dunes slowly emerge on the horizon as though they are born anew every morning. a lizard searches for warmth. the daily throngs of chinese tourists are about to arrive. there are camels here too an echo of the ancient trade route. they greet the crowd wit

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

and painful lesson business china's economy keeps cooling. demand at home and abroad continues to fall to the latest quarterly results are in line with expectations they show state support is finally kicking in but that most stimulus will be needed as china's trade conflict with the united states rages on. in the past 3 decades the chinese economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a major industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter of g.d.p. rose by 6.2 percent solid by many standards but for china the worst performance since the early 1990 s. the government's been keen to offer reassurance but doesn't deny there are problems from. from one year and generally speaking economic performance in the 1st half of the year was within a reasonable range and has sustained momentum and overall stability. however we should also be aware that the economic conditions are still severe bo

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

china did pledge for their loans to african countries last year but doubts are creeping in for china the fear is that its investments in africa will not pay off as expected in april china declined to lend kenya 20 point $6000000000.00 for the 3rd phase of the rail line which seeks to extend it to lake victoria chinese lending carries risks for both sides african countries are worried they will not be able to repay the loans part 2 of the project is due to be completed this year if and when part 3 is completed remains uncertain. and joining me from nairobi is the correspondent joy doreen beera joy the mood bossa nairobi rail line it was mentioned this report this was sort of a prestigious project for chinese african development relations but it's had problems it's expensive it's underused according to projections compared with projections is beijing just calling a failure a failure here. well these 2 sides to that canyon looked at the project as the gateway to the intact east african region but as it is it appears you know when the president went to china to request for an extension o

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

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

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

china is special, isn't it? china is a big presence in your part of the world and you have the problems in the south china sea where countries like the philippines are very nervous about chinese activity there and all the claims about, you know, the various territories and so wanted it so various territories and so wanted it so what is indonesia's china policy? how do you balance your need for some chinese investment but also try to say, well, we understand the concerns of our neighbours. we welcome very much their investment, 0k? equity financing not debt financing. second one, because it is pa rt financing. second one, because it is part of macroeconomic policy. secondly, in regards to the south china sea, fortunately indonesia is not a party having a conflict with china and, numbertwo, not a party having a conflict with china and, number two, we try to maintain our sovereignty so we a lwa ys maintain our sovereignty so we always have problem with illegal fishing, including from china, not only from china but

and china is bearing the brunt of the effect. we don't need china. china need us. meanwhile our economy is strong, record low unemployment, wages are rising. we are hitting on all cylinders while their stumbling. we don't need a deal with chieba. there is a report out that china is trying to interfere in our elects. they started with the tariffs on farmers, putting advertising inserts into "the des moines register." they are doing everything they can to influence the outcome of next year's election because they know people like sleepy joe biden has been bought and paid for by the chinese would probably roll over, remove the tariffs and go back to business before. >> do you have any proof of that? you said bought and paid for. that's a big statement without any proof. >> hunter biden went over to china with his father when he was the vice president on air force two, magic all when he returns he gets a billion and a half dollars from the bank of china to invest in a hedge fund when hunter biden had no experience in investments. and the technology is being used in chi

china reduced their currency. they devalued their currency and they're pumping money into this in order to pay for it. they had the worst year in 27 years. they've had a terrible year because of the tariffs. a lot of companies are moving out of china. you've never seen this before. the united states is doing phenomenally well. and we're taking in tense of billions of dollars from china. we're giving some money to our farmers who have been really targetted by china to do a number of them and because they like me, the farmers like me and i love the farmers, and i will say that, the farmers are very grateful, the most they've ever spent oning a cultural product is $16 billion. so when they pulled out, i think money mall part of the and i gave it to the farmers and the farmers are very happy. >> if the fed moves in my opinion far too early and far too severely puts me at somewhat of a disadvantage. fortunately, i made the economy so strong that nothing's going to stop us. but the fed could have made it a lot easier. i

in china 25 strategy and says many countries and companies are all too willing partners and helping beijing become a world leader in the tech industry europe fails to protect its core interests we want to talk to one of the authors of that report in a moment but 1st here's more of that story if you want to journey deep into beijing's economic ambitions wild ways european style campus is a good place to start the telecommunications giant is emblematic of the country's plan to become a global leader in a number of key industries. government's made in china 2025 strategy reflects a desire to move away from low cost money factoring towards high tech as well as communications the chinese government is also investing heavily in transport energy and digitize ation traditionally it's gained a lot of its knowhow from abroad over the years the huge chinese market has attracted many foreign firms to the country including german car makers keen to carve out a nice. but in recent times china has been producing more homegrown firms in the area of electric mobility it's a ready proven itself with

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

s position and china's position. that is where i am looking and i do not see that distance shortening anytime soon. paul: yes. how would one go about shortening that distance? is it a matter of doing it incrementally? reaching a deal on some things and maybe setting the more difficult things such as tech and huawei to one side? christine: huawei is largely a national security issue. know, a lot of these things get lumped together when trade policy people talk about it. it is a their separate issue. the national security experts have a whole set of issues regarding huawei, and the trade policy realm does not address it. so i think the tariffs are addressing some of the long-held tensions and annoyances, you know, that the u.s. and many others have had about the chinese economy, with china not really living up to its promises when they joined the wto in 2001.instead of moving towards a more market oriented, oriented economy, they moved towards a state-controlled party economy, where -- you know, the communist party bas

a welcome to do business asia want to jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tackler stock today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors on listed on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticised for high levels of speculative activity and a lack of governance. lots to talk about and i'm happy to have a reporter cliff it couldn't here with me in the studio who knows china and has taken a closer look at this new take a market and mazing launch to the stock market what explains such success on day one well it's only 2015 that we there were billions lost and investors really took a pasting back in china so what we're seeing now is a very significant event in that way and it's only it's basically growth is thin o

he is china. i should mention that ralph lauren they have taken their china manufacturing down radically. they have just -- i mean you get these quarters, you are talking about you are just amazed. like wow, look at those numbers. it is incredible he has gotten -- where the hello health is that. >> as restoration will try to do. >> restoration is pulling back ralph lauren was plus 40 in china. now it is low 20s. vietnam will fix that. >> now the pressure is on vietnam on their trade surplus and these answers to senate finance. >> people forget how well vietnam did against china in the vietnam-chinese war this the late '70s. people forget they had a war they are not friends they can deliver chinese manufacturers moving to vietnam. they are not going to let that business up, they are just moving it to another company this is an exciting time prok for, pock for. >> when we come back, beyond meat shares are down as the company announces the secondary. jim will let you know what to do with that, on wha

new approach now by china the government in china is boosting its specially artificial intelligence what exactly are they doing and could that be a model for european companies it could be a model in some ways they there's a lot of state support that's one thing that is more problematic in europe than previously and a lot of it is used for security which may not be an ideal model for many european governments as well but at the same time there's a sort of a flexibility and there's an energy about the innovation sector in china and the way the tracks venture capital and the way money is invested that is definitely something that we could probably learn here in europe there are also challenges though that china is facing. i would rather well there's we've seen the the trade war is probably the chief form some of its national champions in terms of technological advance like qual way are under a lot of pressure and are from the us there's a lot of pressure on intellectual property and about where china is getting its ideas from i think china likes to absorb ideas that there is copying going

and china. i think while those talks are seem ongoing, they do not to be hopping face-to-face or with intensity at the moment, china will not inflame the situation by, so-called, weaponizing currency. you're pretty comfortable with the cmi ranging below seven for the moment. if there is a breakdown in talks and china or the u.s. decide to go to the next level, and have a currency to weaken, all bets are off, sores how that filters through to the as to how that filters through to the aussie and kiwi and so on. confidencecreasing we will see more easing measures. stronger than the trade numbers. today i will look at the industrial production uppers in particular. that down to 5% year on year spooked markets a little bit and we need to see recovery there is that principle of four handle today. temporarily we could see that you on weaken. but i think the authorities will be sure that it will not depreciate on anything can scale anytime soon. much, thenk you so head of fx strategy. you can get more a

to meet china partway. instead it is one-sided, china needs to move, china needs to toorm, and an unwillingness recognize that the trump administration's protectionist measures, punishment of allies and security partners is not creating much of an appetite for countries to work with the u.s. or support the u.s. in the approach it is taking towards china, so u.s. political candidates in the u.s. more generally may find themselves increasingly isolated on the question of its approach to china. shery: what is the risk of multilateral organizations being paralyzed as it is blocking nominees to the wto panel? how does this increase risks as you are seeing different bilateral tensions on trade? >> it is a huge risk and we cannot underestimate the critical importance of organizations like the wto and dispute settlement that can-isms to uphold the economic order we have benefited from for the last 70 years. it requires countries to abide by those rules and participate by those rules. we need countries around the wo

there is some dissatisfaction with china. a lot of young people feel the comparatively peaceful protest under the umbrella movement in 2015 has failed and that is why they are taking a different approach. a lot of the protest has been about alleged police violence where they feel police were using excessive force during the june 12 feel police were using excessive force during thejune 12 protest. they feel the government has not listened to them and that seems to be what is driving them. you seem to be what is driving them. you seem to be alluding to a generational divide between those who want to go further and are angrierand between those who want to go further and are angrier and the many who are protesting peacefully. that's right. what is quite telling with the young protesters and the graffiti they left, someone wrote it was you who told us peaceful protest would not work. but we did see the divide. some saying it might turn public opinion against you to take over the legislative council but some of the young one felt s

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

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

our care about china, and i care about the united states. >> china is a state supported and firm in china. the energy business we do in china, do you know if those are state supported or state owned firms as well? >> some are, yes. >> okay. >> again, this is a new day under my leadership. >> i understand it's a new day. i appreciate that. i think the president brought some clarity about the risk china brings to this country. i think we should think about exim in the future and the role is plays in supporting chinese state-owned industries. we live in a world of nations. not that many of them, 220 or so. we don't have to write abstract rules to apply to every single one of them. we can apply rules to nations that are allies like korea. we don't have to write individualized rules for every country when you have china that poses a unique threat given their size, economy, military capabilities and leader stated intention. thank you for your testimony. >> thank you. senator menendez. >> thank you. madam president -- i thought i was going to get to use that term more often. but in any event, i

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

we have to make sure china, china understands one thing. that the united states has voluntarily given up its manufacturing base so that companies could make some short-term profits unfortunately that put us at a national security risk. not just about the supply chain. it is now about 5g. it is about technology. about whether these things will be manufactured in china with the potential of spyware, with the potential of actual theft of sensitive information from the united states. so that's why, you know, under any other administration, under any other president most negotiators would have crumbled. we have secretary mnuchin and ambassador robert lighthizer many who believe is the best negotiator in history, my former boss, wilbur ross, negotiating with fierce fervor to make sure china plays by the rules, we'll hold firm to keep china accountable that is the difference make, keep them accountable. charles: it is interesting, even this morning robert lighthizer made comment i think actually pressured the market before president trump even sta

china's own rowing raising some of the exidy s. and destabilizing fact is but china sees the united states as a country that it confronts in the region and the real security challenge but seem to see explicitly india's high profile strategic and policy document is certainly in poland and speaks volume 2 things are the white papers focus some political ot of the armed forces above all else as well as the internal focus of china's military so in terms of maintaining domestic stability but also the political power of the communist party how do you think the overall region of asia the asia pacific is going to react to this white paper. i think very much so in terms of strategy there's nothing really new in these papers a lot of the details of the strategy what china is doing. a regionally as well as in terms of its military modernization is known at least 2 d. at the experts in the policy makers but what i think is near is the new assertive confident tone and the political rhetoric that accompanies it at any thank you very much. the wh

we have rebuilt china. without the money you do not have the same china. what they have done to us and primarily us, they have done well with europe and but with the money they make with us, i mean if i do what i am doing we totally cut that off. we totally cut it off there's number $500 billion. it will go down to a trickle. maria: what makes you think that the chinese are going to do anything different than they did when they reneged? right? back in april, when steve mnuchin said you guys were 90 percent there, close to a deal, then they reneged. why would they go back on it now? why will you think they will see intellectual property theft any differently today than the day that they reneged? >> we went in and we thought we had a deal. then they said we will not give you certain things we agreed on. i said that is okay, i told my people leave the office right now, do not talk anymore. no more talking. we are putting on a 25 percent tariff on a full $250 billion. we did it the following day and that is it. that was the last conversation we had. now we hav

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

fishing, including from china, not only from china but from other neighbours. we always try to be strict. illegalfishing is a big no, so we have to deal with this illegal fishing and we do it bilaterally with china. but looking at the region as a whole, i put to you that the former foreign minister, marty natalegawa, urges indonesia to step up its leadership in asean and in navigating this difficult course with china. is indonesia doing enough? in its role as a leader in asean? we are doing enough, trying to maintain the peace and stability in the south china sea by trying to build or trying to facilitate more constructive discussion between our colleagues in asean and china. for example, although you mentioned that the philippines may have had some tension, but i notice lately that there are now more and more chinese investment in the philippines. economically they are doing 0k, even now with vietnam in the trade war, china is also working with vietnam. so i think using the economic approach will somehow neutralise the possibility of conflict in the south chin

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

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

well so this is just another example of how our china pop propaganda can look like today. thank you very much. following up on a story we covered earlier this month that some are calling indonesia's need to movement the country's parliament has approved amnesty for a woman who was jailed for recording her boss's sexual harassment by eek was charged with a crime after the recording was shared she served 6 months in prison but her case triggered national outrage prompting calls for amnesty here's what macoun had to say to other victims of sexual abuse the toughest but don't give the perpetrators i mean opportunities women need to be brave if the same thing ever happened to you be brave and speak out but it's one. that ends or show check out our other stories on g.w. dot com for slash asia thank you for watching see you next time and good bye. to . my 1st boss i was a sewing machine. where i come from women their phones by this ocean for. something as simple as learning how to write a bicep isn't. since i was a little good i wanted to have a bias i belong to my home and it to

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

and china' and's, china has the biggest economy in the world. this divorce is going to get ugly compared to the divorce with the u.s. and the soviet union. there was no trade between the u.s. and the soviet union. rishaad: is that why these -- we saw in the beginning of may that chinagotiations between and the u.s. fell off. cryptocurrencies rallied and have rallied ever since. that is why you are here, we are here to talk about blockchain as well. >> gold went up 10% and down again. currency, you have to have no goods or services pricing. the price of bitcoin has fallen by how much? 30%. it is not a means of payment. not even the blockchain continents take it. with a visa system, you can do 25,000 transactions per second. billions of people are doing digital money. it is been low and paypal in the united states. they had nothing to do with blockchain or trade talks. this is the future of digital money. it is a failure. nobody is using it for any transactions. for atrading one coin nother coin. this is pumping and dumping, from running. it is a

same of that just say it's not just it's a china let's just stick with china why do single china until i'm not this is the whole point of the algorithms 7 half the time but have been talking glazes they know canceling hong kong hong kong people will apply the same standard no matter who is coming to make the requests be it united case united states united kingdom syria russia china we apply the same standard because this is what the model requires us to do and we would do it period but do you understand the purpose of extradition you would have those that what i'm saying but obviously you wouldn't you know what you want but your guess is that of throwing insults at me what's what's your guess about where this is headed with the hardliners in beijing try to teach hong kong a lesson you know or will they show that they're willing to learn from what's been ducking the facts say but it did not come from mainland i think the chief executive is explain very clearly that it was her own initiative based on the fact that she was asked by the family of the girl who unfortunately was murdered by

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

what about trade relations between the us and china. is this news put further pressure on negotiators to try to sort that situation out? i think there is probably a desire to get a deal but the politics of a deal have become more complicated. obviously in the 620, more complicated. obviously in the g20, president xi and president trump were able to agree and give some short—term certainty for industry. i think a lot of businesses and investors are concerned about the overall long—term trajectory, and that will certainly make businesses cautious in terms of long—term investment plans, capital investment, and so on. there is still a lot of uncertainty but the near—term outlook has improved a little bit. thanks for your analysis. staying with the trade war, let's now talk about one of the companies right at the centre of it, huawei. according to the wall street journal, the chinese firm is considering axeing hundreds ofjobs in the us after its operations were hit by the trump administration. mariko oi nowjoins us from singapore. ni