so call the china we call the mainland ok we are trying one are 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 in the e.u. and 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 a human rights record is there working history we can do that too apart from trade what exactly it is democratic time i was having common these days with one party communist china you have free elections yes you will change your party in power they don't you have independent courts they know you have a free press they don't you can speak out against abuses of power and they can't what on earth have you got in common with mainland china these days i think we should emphasize differences. go there work with them be their friends be their brothers and change instead of being their enemies go there walk with them you can change like what are you are doing with them now what would you do a country about hu

"china's to blame"? >> yeah, the message's very simple, is that, "the elite shipped the jobs orseas, and i'm going to bring them back." >> thank you, indiana. >> sullivan: that message helped propel trump to the presidency. and once there, he assembled his team of advisers on trade. to oversee economic policy, he brought in the former prident of goldman sachs, gary cohn.n. >> the job i had in the white house was convene everyone who basically had an opinion on an economic topic, and try and come up with a recommendation os two,twr t to the president complete diameically opposed opinions and allow the president to make a decision. >> in the roosevelt room, we would have a trade meeting every tuesday, and then we would take some version of that into the oval in a smaller group. if you take all the other stiness on the things like the paris accord and tpp, , l this other stuff, roll it up, and pur it to the faf ten, they don't compare to these weekly nasty trade meetings. ♪ ro >> sullivan:the stt, the wee

is it china? and is it going to force them to change track or, actually, is this rebounding and hurting americans worse? >> well, there's a lot in there. let me unpack some of it. first of all, or even president trump himself doesn't believe explicitly that china is fully paying the cost of these tariffs because you'll recall that he recently suspended the implementation of the tariffs so that u.s. consumers wouldn't be whacked too hard around the holiday time. so it's widely understood that tariffs are paid by the company that imports those goods. they then try to push those costs forward to consumers. now, you asked some other questions in there, what were they? gerry: who's being hurt more, the chinese finish. >> right. gerry: chinese businesses are being hurt, presumably, because their goods are more expensive and suffering competitive disadvantage. >> right. i think the key there is your basic premise is correct. the key this is that we import over four times more from china than they import

china now is not the china i grew up in. china now, means more millionaires, billionaires than any other country every year. it builds the longest railways, the fastest this and that. china's gdp has 137 fold in those 70 yea rs. china's gdp has 137 fold in those 70 years. and life expectancy is in china, in shanghai it is higher than new york city. so now we have the world's second largest economy, and this is what china has achieved in 70 years. in fact, in 40 years. so ina way, 70 years. in fact, in 40 years. so in a way, very legitimate cause for celebration. absolutely. and there will be the largest military parade prayer there were planned. and it is to celebrate its achievement. what is interesting is to see whether all the other leaders during these times will be honoured. china didn't get here just because of xi jinping. it had gone through different generations of leaders, different generations of leaders, different generations of leaders, different generations of chinese... establishing china and working and chasin

visit to china came at a. moment but she accomplished their mission impossible and both the witnesses are on of reimer's former china correspondent for germany on the network and arianna believes that china has excellent strategic qualities and capabilities europe's answer must be a strategy old unity and a very warm welcome to sonoma brockett an american journalist who's trying to be a follower of the medication institute for china studies here in berlin he argues quite simply the germany must show molitor shame on china. thank you all 3 of you for being here today i'd like to begin with you chen soon and begin with the latest developments surrounding joshua wall how much of a controversy has it been and how are the chinese side likely to react. i think china react quite strongly in a way that they know they have to show that it's their stance that this is not what they expected that what because especially one was just thing china and decisis kind of. almost like a balance of. criticism from that german medi

lab in china. it walked away from the pentagon, and it's working with china, which means it's working with the military. does that concern you? >> it does. i think peter thiel was correct, they seem to be so drunk on globalization at google, they don't understand they're an american company. they're in california. they should not be aiding the chinese military. now, they've got their counter story that, oh, this is just a few google employees or huawei employees who did something. it's not the whole company. but i think peter thiel deserves to have his investigation carried out. maria: we had peter on the show a couple weeks ago. do you think a deal happens? i want to ask you about the impact of hong kong because this week on "mornings with maria," we had on jimmy lye who with, of course, is the founder of next digital, but he's a dissident and china activist. he said that hong kong has already seen a terrible impact from the if authoritarian rule that china continues to put on. here's what he told

that china is now trying to regain what rightfully. belongs to it and ultimately that's that's an odds of it the american perception of the world to be cheese any rising power as an offense if aggressive and aiming to take something away from america do you think those perceptions how things a supposed to be with ever be reconciled i think it's always very hard when you have an adjustment in terms of power between rising powers and status quo post some index what we have seen throughout history does also true with regard to china no you're absolutely right in part of course because you quote in my book. in saying that china is owed to regain what it sees its its position within eastern asia and i think that's going to happen i mean china is the most populous country within the region it is seen as the center within the region not these now in in economic terms and i think there is very little over a long period of time that you know to states can do to prevent that the question is how do we get from here to there while avoiding this qu

of china. over 1,000 main land companies with market capitalization of 2.6 trillion are listed on the hong kong exchange. they choose hong kong because there is no rule of law on the main land to protect their interest. because of government, they have found judicial institutions, nearly 4,000 companies with regional headquarters that include u.s. enterprises. beijing's actions not only with the citizens, hong kong's actiol i global banking and investment is in peril. as tension escalates the congress and administration will face a difficult challenge in challenging the threshold for the status. i'm hoping today's witnesses that might look at what warrants changes, and support hopping ko hopping-- hong kong's legal rights. and it's their legal and technical support we should make available. and taiwan, the concept of one country, two systems was to be for the future for the taiwan and the main land. and the taiwan's major parties and vast majority of citizens reject this unification. and more i

china relationship now another point that you make in your book is how well integrated china is into the global economy and into the american economy much more than any rising power before it when president trump talks about the crumbling of chinese manufacturing as he did on twitter just the other day. can he be sure that some of those big debris won't land on his own shores no he can't i mean i think china is intimately connected to the global economy and the way it works. i think if there is a severe decline in terms of the chinese economy that's going to hurt everyone and i think one of the choices that this administration has to make and its successor administration whenever that comes in also will have to make is whether u.s. strategic interests are sole predominant in terms of how do you know to states or to view the world that it would prioritize such a decline in spite of the negative consequences it would have for the u.s. economy over seeking a more collaborative relationship with china in spite of the political and strategic differences so in other words did the big quest

is china using to tell us here in methods to conduct trade. china creating a. style system of controlling its own citizens. about the social credit me for example i think it's very interesting to look at how that discussion what's going on here in germany for example and what's going on what's the discussion going on in china especially if for example about the credit system and believe it or not many think it's actually a good thing because it used to look at the crime rates at such a low and then people feel safe i'm not saying that it come as a cost or i'm saying it's what a lot of. concern to many people in general i think it's 50 is somehow more important than privacy because also help people look at privacy is a very different if you look at the privacy issues through the chinese lens they somehow rather sacrifice their privacy in order to get convenience and also safety so i think from that point of view a lot of chinese doesn't even look at it as a monitoring system so i think it's a quite interesting to just try to i think the chinese citizens point of

with china's. the label as communists and states china subject of some modest compare where their weight they're not trying to run the world they're not even trying to run asia pacific i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because alonso was asian our history and their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill but it's also the product of the exploitation of people after the bottom what are known in china as migrants but they're not really migrants so. if you really. go to talk to these my woodworkers you will find quite surprisingly. over the past 5 to 70 years they have experienced. greater increase there in the social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the new

tom liepherd sells produc to china, and he also imports r materials from china. >> our sales to china have gone downand our raw materials fr >> sullivan: how bad in cost. problem is that for you?yo >> several million dollars of, of profit lost, in a year. >> sullivan: okay. yeah, you're getting it from all sides, then. >> yeah, that's right. if what we're trying to do is noprotect the american eco, thiss a bad way to do it. >> sullivan: but despite the uneven consequences, preside trump was all in on the tariff strategy. it's a strategy he's been talking about r years, as far back as the late 10s, when ilheirst tested the possity of becomg president. developer donald truru onew york... >> sullivan: back then, trump's target was japan and its trade acces. the fact is that you don't have free trade. we think of it as free trade, vebut you right now don't free trade. and i think lot of people are tired of watching other countries ripping off the un states. this is a great countra re he believed from the beginning that t really nothing worse than being laughe at. >> they lah at us behind

china looms very largely indeed. there will not be any separation between china and the rest of the world. that coupled policy of containment in china. china is not only a geopolitical adversary, it's also an economic partner. so other countries of the world, notably the united states have to pursue a two track policy. but because of economic independence, there is an increasing of going to war in the part of china and the economic partners, what was not there during the cold war. i said, at the end of the book, the foreign affairs article, that the collapse of the chinese military will be in an warmest benefit to the rest of the world. the collapse of the chinese economy would be a disaster for the rest of the world. so the existence of economic interdependence especially between china and the rest of the world, complicates the task of containment but also serves as one of the module blocks preventing more. gentlemen here. >> i wonder where you put in the 25 year defined era of peace that middle eastern source viole

china? >> it has. australia has been asked to pick sides. it does not want to pick sides. at the same time, it is navigating its own relationship with china and questioning whether it has gone too far in being too cozy. we have seen some universities in australia question relationships with the chinese communist party. in,ave seen politicians australian politicians, under scrutiny for their relationships with china. there is a moment of thought going on in australia right now over its relationship with china and the direction of that. but it is a different kind of conversation than what you are getting in the u.s. i think that is a reflection of the relative powers. australia's a country of 20 million people. it is not the economic power the united states is. david: we are looking at the white house waiting for the news conference between the prime minister of australia and president trump. we will bring that to you live as soon as they come in. i am told they are still meeting in the oval o

economy is deeply intertwined with china. meanwhile while the china and u.s. are competitor ins many areas as instancy said, we also confront many common challenges from climate change to water security to north korea, the stakes are too high for both of our countries to retreat into a permanent confrontational basis. instead we need a comprehensive strategy to defend against china's bad behavior, to compete with china in the 221st century and strengthen the international order it seeks to upend. here's where i believe i shall start. first let's talk about defensive measures and how to protect ourselves especially in the short-term. this can't just be left up to the federal government. it needs to be a partnership between the government and the private sector. that's why the past year i've been convening a series of briefings for the academia always partnering with a member of the senate intel community and those leaders of the ic to give those outside government an inside view of what we've seen. i've introduced legislation with marco rubio that would help fo

-china relations. i give my background and expertise and i'll focus my remarks on the military aspects of the relationship, and in particular look at three issues. first the military balance in the indo-pacific. second the open-ended and long-term military competition between the united states and china and, third, aspects of deterrence. it's my opinion at present that the indo-pacific military balance appears favorable to the united states. that said, i haven't seen anything in the public domain or in terms of military literature that comes close to the kind of analysis and assessment of the military balance that, for example, you saw during the latter stages of cold war between the united states and the soviet union. i think for us to really get a handle on what the true military balance is, there needs to be a rigorous set of regional and functional net assessments done looking at various key aspects of the competition between the united states and china. as the competition with china is open-ended,

what everyone's afraid of china they have to do business with china and germany as you just mentioned has a trade of up to do nearly 200000000000 euros with china you think that is overshadowing. the hong kong democracy fortress and germany because you can voice against that well i hope that's not the case you know trading is of course very important everyone should do trading they should not stop this relationship just because of him right situation but then you know germany also has an obligation to make sure its trade partners including china to uphold the value of human rights and to make china a better place for trading humans there isn't one question for you what would you like to see the german government do if you could say something to. what would be well i hope. chancellor merkel. would address directly to the home and share with them the experience of. germany and tell them this is not the way forward we live in 2000 and i'd seen that's no way out if they keep using violence chief executive has over the prospect of a dialogue and she is also saying we should look for soluti

and china. change in a pretty debility have been so significant since we began our hearings that commissioners thought it would be valuable to revisit and explore some key topics in the economic and security realms. there is an increasing amount of commentary in the foreign policy community conjecturing about -- conjecturing that the likelihood relationship undergoing permanent change. -- china as a rival, having upgraded it from a competitor. the word enemy is less frequently used, but is not absent. the previous assumptions underlying u.s. policy such as the current international order benefits china and capitalism brings with it democracy have been shattered and abandoned even by those who fervently advocated them. it seems to me these assumptions have yet to be replaced by more realistic ones. our goal is to catch up on the fact of important developments and gain insights on how to craft and navigate what will clearly be a new and different relationship between the united states and china. i

with china's. the label as the communists and states china subject of some modest compare where their weight they're not trying to run the world they're not even trying to run asia pacific i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because alas there was asian long history in their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill but it's also the product of the exploitation of people at the bottom water known in china as migrants but they're not really migrants. if you really. go to port to this my woodworkers you will find quite surprisingly. over the past 5 to 7 years they have experienced. greater increase there and as a social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the new c

-china fsoy ties. chicago soy futures rose on a report that trading teams are working on a deal that would see beijing buy more american farm products. south korea meanwhile says it will file a wto complaint against japan's export curbs on three key materials used in ships. they claim that tokyo was politically motivated in taken the steps after south korean supreme court ruling on wartime forced labor rules. seoul says it wants to find constructive measures to resolve things using a two dispute settlement process -- a wto dispute settlement process. to australia, households are gloomier this month as weakness at home leaves people negative about their prospects, despite government handouts. a survey shows consumer confidence dropped to 98.2 in september with a reading below 100 signaling that pessimists outnumber optimists. yesterday a survey found corporate sentiment was also wewak. -- weak. global news 24 hours a day on air, at tictoc on twitter, powered by more than 2700 journalists and analysts in

this rape of china set the tone for how china was perceived in the west well into the 20th century. this is the distinguished historian we should know theodore writes white 105 so to the white house speaking in the 1960 s. perhaps china is too vast to be governed by mercy yet if the chinese mind craves. they must be brought to recognize they are the biggest factor in the worlds disorder. and we must untangle the madness of their mind the most difficult task in the world is to reach the minds of men who. want what was really complaining about the loss of a china but the imperial west could dominate and go to feet of general chiang kai shek who were these famously powerful christian wife mailing sume guarded america's interests in china. that is until they were thrown out to $949.00 by a communist revolution led by mouth said. mollie had beaten chiang kai shek 3 times in huge battles involving millions of combatants mao was a winner in this contest from the early 1930 s. on but we knew very little about it and people don't understand that even today. shanghai here is the message clear

to china. -- has little exposure to china. when you have macro sharks, people pullback spending. you really don't need to upgrade if you don't have to because you can go around another six months before getting that new server or upgrading to the new set of software. that is where we have already started to see some kind of cracks in the software growth story with some of the companies such as them talking about weaknesses in europe right now, that is leading to software. taylor: we know that all the glitz and glam is in software. get us back to basics care and how is the hardware business doing? anurag: hardware business has been weak. that has been the story for a while. people have been delaying their hardware upgrade cycles, just largely because whatever little money they have, they want to spend it on the next transformation. which means you want to spend it on advanced security products or you want to spend it on cloud products. people take money from hardware and they are spending more o

in china. you saw them musk-ma tie up. musk has a more negative view on the future. it was completely different, the two of them side-by-side. they almost inhabit different worlds. that is what we are moving to, parallel universes between china-centric, and u.s. centric tech. we have these large platform companies in the u.s. that are dominant here and in many parts of the west. there is a lot of pushback. in china, there is convenience coming from tech. there is some pushback over privacy. generally, most people are more positively disposed to technology because they can see the benefits. you talk about cashless payment. cash is disappearing from the streets of china. wallets our history. it is all mobile payment or face payment. chinas moving faster in among and that reflects the visions of the founder. founder.ll things alibaba and taylor: all things alibaba and tech. that was duncan clark, fbda china. thank you for joining me. sticking with china, linkedin is one tech company that operates

team in china some of the famous naturalist and explorer. to some racial politics on the front of the world's 250 a birthday where embarking on a voyage of discovery. expedition to it on t.w. . the quiet melody rizzo's michael white of the movie. ready and it's soon repeat resonate with and it's. the moonlight and the music. retold and 1st 12019 from september 6th to september 29th. where is home. when your family is scattered across the globe. is a. journey back to the roots of government to. the shah challis from somalia live around the world to them one of them needed urgent assistance a. family start october any on d w. frankford to help watch international gateway to the best connections self in road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining office and try our services. be our guest at frankfurt airport city managed by from a bought. s. . this is when you fly from by the end to albany or one of africa's most polarizing leaders robots my god there has died at

the program germany's leader wants them bark on a new phase in the european union's relations with china while washington continues to hike tariffs on chinese products on the mantle is pushing for a european investment deal with beijing not only that she's banging the heads together reprimanding the unit u.s. and chinese for their trade war in 1st meeting with chinese premier li keqiang at beijing's great hall of the people whose mega said the dispute is affecting the whole world in the hopes that both sides will resolve it soon mr lee didn't seem to focus on his country's problems with us but rather with germany telling the chancellor he hopes germany will accept more chinese companies and loosen export rules for certain goods he went on to say once again that china promises to open up its economy even while. china is becoming an ever more important trading partner for the european union since 2002 a trade has almost tripled according to data from the europeans to to 6 office last year the total trade volume between the european union and china was 605000000000 euros now the bloc export

the fact is the last 10, 15, 20 years we've been focused on asia as if it is just china and china represents all of asia and china is only one third of the asian population. half of asia's gdp and other countries growing faster than china and much of what we call the middle east, saudi arabia, turkey, israel, these countries are geographically in asia and more and more they are gravitating towards the rest of asia and the way from the west economically and even strategically. >> in your book you make the 1970s which i lived through and worked in the white house is a great time because he made it sound like people were happier. is that true? >> i would say it was a transitional period and it wasn't a great time, not because you were working in the white house. but in fact, this is apropos, it was during the 1970s that our economy began to become very uncompetitive for a variety of reasons and as a result of that and as a reaction to that we decided japan looked like they were going to take over and we were going to be left behind, we were going to be like britain, a falling industrial power a

if better china, therefore better hong kong. better china, better hong kong. david is among those now calling on the united states to impose sanctions on china. why are all the people supporting america in the trade war? because we want — china's communist party has falling power because of that. such talk makes hong kong's small band of super—patriots extremely angry. they say fear of china is a product of british brainwashing. translation: hong kong was ruled by britain for over 150 years. they did not teach us respect for our chinese roots, but encouraged us to have anti—china and anti—communist beliefs. on tuesday, china's most powerful leader since mao will review a military now second in strength only to the united states. it is a sight that will make many chinese hearts swell with pride. but its neighbours look on with growing concern at how china will use its new—found power. rupert wingfield—hayes, bbc news, in hong kong. and even though the police didn't give permission for the marchers to go ahead later today, we are expecting them to st

>> who else lives in china? >> night night how different did you think it in. >>> who say all these china womaning in on the sepp is could p pad. >> sflf-- if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ i wanted more that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3. ♪ trelegy 1-2-3 trelegy. with trelegy and the power of 1 2 3, i'm breathing better. trelegy works 3 ways to open airways, keep them open and reduce inflammation for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your

so what do germany and china want from each other. in that china and east asia expert and balance free university welcome to g.w. let's start with what's the chance of a wants from china where she wants to improve political relations and of course economic relations we have 2 major trading partners to each other there's not a new story that has been growing over the last 15 to 20 years almost 40 years since china started its reform policies and as you can see from the sheer fact that it is the 12th visit of transfer america to china no other country she has visited more than china it gives you an idea how important bilateral economic relations are that's why she's there and do these visits do any good of course for business people need political support in china china is a different type of a political system if you want to be economically successful you need political support at least in core areas of interest of the chinese government and without political support is very difficult that's why she is there so germany is one of the co

constitution ace the cornerstone of china's foreign policy china believes inequality among nations in the 21st century power politics and the law of the jungle are outdated obsolete. people want me to respect and harmonious coexistence china stands for equality among all countries irrespective of their size china respects the sovereignty and territorial integrity of other countries and the social system and development path independently chosen by the people of these countries china stands ready to share its development experience with other countries and provide necessary assistance in time of need yet we have no intention to export our development model or to lecture others nor do we attach any political strings to our assistance china stands by quality and justice on the international stage we speak for justice and oppose or bullying you we wish to engage others in extensive consultation enjoyed contribution in pursuit of shared benefits we call for the handling of international affairs based on the merits of each particular case and for the settlement of issues through consultatio

and china. you could read it as something of a positive gesture, but there's clearly a long way to go . nejra: is it an attempt to send any kind of message ahead of the trade talks we are expecting? >> on face value, you could say they are doing it take pressure off sectors of their own economy , perhaps areas that are suffering badly, but it is fairly small stuff. they have to say going forward that china may be willing in the future to remove tariffs off goods, including soybean imports. to we know they also wanted tariffs removed off of chinese goods, so it will be critical to see whether the mid-level talks go well enough we get the big level talks in october. nejra: a lost to play for. thank you for joining us. bloomberg's chief asia economics correspondent. let's turn to the european central bank, the big centerpiece for markets. markets are waiting to find out what shape stimulus could take in mario draghi's second to last ever meeting as president. doubts that the ecb will do all that is

-china trade war with perspective from china's largest sportswear manufacturer. plus, an exclusive conversation with san francisco fed chief mary daly. and mario gabelli explains why he is bullish on the cbs-viacom merger. mario: it is a good deal. the stock is a buy. cbs-viacom. taylor: up next, more of the week's top business headlines. india's government has promised fiscal stimulus. and the central bank is helping provide the cash. interest rates and given a >> it t rates and given a record amount of dividends to the government. taylor: this is bloomberg. ♪ taylor: this is "bloomberg best." i am taylor riggs. let's continue our global tour of the top business stories with more from the g7 summit. discussion about iran was the top of the agenda. but there was an unexpected twist when a top iranian official came at the invitation of french president emmanuel macron. >> iran's foreign minister visited france for six hours. bilateral talks near the g7 summit. zarif had a brief sit down with the french president emmanuel macron. officials said they gave the u.s.

economy is deeply intertwined with china. meanwhile, while china and the u.s. are competitors in many areas, as nancy said, we also confront many challenges. the stakes are too high for both to drift into a permanent confrontational basis. instead, i think we need a comprehensive strategy to defend against china's bad behavior, to compete with china in the 21st century, and to strengthen the international order it seats upend.e first, let us talk about defensive measures. this can't be left up to the federal government, that needs to be a partnership between the government and the private sector. that is why over the past year, i have been convening a series of briefings business and academia, always partnering with a republican member of the senate intelligence committee, and leaders from the intelligence committee to give those outside the government and inside view of what we have seen. i have introduced legislation with marco rubio that would impart help formalize" in a this effort. our bill and an office of critical technologies at the white house, which w

/china trade front. later, chief economist anthony chan talks about the latest jobs numbers and the impact, and the veteran ceo is here to talk about markets, give us his take on the 2020 election. but first, the markets scored this week on the news that the u.s. and china will resume stalled trade talks in washington in early october. the dow industrials jumped over 400 points on the news on thursday. it was a good week overall. meanwhile, china is feeling the effects, key imports from countries other than china have skyrocketed. while china is losing out bigtime, imports of advanced technology products fell by nearly $20 billion just since july. joining me right now with reaction to what a potential deal could look like is chinese strategy the expert mike pillsbury and, mike, it is great to have you. thank you so much for joining us. >> thank you, maria. maria: where do we stand? the u.s. and china have agreed to meet again with in early october. what are you expecting? >> well, as somebody who's been

saying it will make it more convenient and that china will be more internationally accepted china is looking for inflows amid decreasing yuan >>> white house trade supervisor said we should be optimistic doing trade with china >> we know the structural issues we'll have important, frank discussions about that that will be behind closed doors. i think the chinese really do want a deal. they were getting hammered by trump tariffs. they were having to cut their prices and manipulate currency down to the toilet and they were losing their supply chain. >> let's bring in the ceo of richman's global capital the markets are reacting positively today over signs between china and the u.s. i want to take it back to some of the numbers out of china this week negative 0.8% year on year i was having a discussion with some people about whether or not the rest of the world should be considered about that. it means china can now start exporting inflation around the world. >> i think important to keep in mind when we are talking monetary policy, the central bank around the world, doing some fiscal and

on china will in the long run help china more than it will the u.s. because, certainly in semiconductor manufacturing advanced technologies, china is throwing a huge amount of acclaim,, public lauding scientists who are supporting the motherland and its time of difficulty, to really surge forward. you see in the scientific communities, and i deal with that a lot here, kind of and enthusiasm of really sort of seeing an entrepreneurial spirit to see how china can be innovative and in key technologies, eventually be number one in the world. .nd make note bone about that semiconductors is the linchpin, and china is making a significant effort to narrow the ap and eventually to become leader in that area. it's not easy. it's a tougher technology than software and ai and big data, but they are throwing resources at it. paul: another major challenge china will face in the coming years is a demographic one. you will not be able to see this, but viewers will. it is a chart that shows china has got 1.15 billion people above the age of 15 and the birth rate at i

the united states and china. this portion event included a panel discussion looking at china's relationship with taiwan and hong kong. this is one hour and 40 minutes. good afternoon. i'd like to welcome our third panel that will explore relationships we will start with miss ms. bonnie glaser she's published wildly in academic journals. as well as media outlets. and we will hear from dr. lin. her commentary on the political economy of greater china appears in english and chinese media. and we will also hear from dr. hui. she is written on hong kong democracy movements. i ask all of the witnesses to keep your comments to seven minutes so that we can ask lots of questions which we are very good at. we will start with ms. glaser. >> thank you. for your invitation today. as you know this marks the fourth year of deteriorating relationships between the china and taiwan. at a time when it was inaugurated in may 2020 610. since then we have seen a range of military tactics including poaching several diplomatic partners.

went to china to ask it is gentlemen become invested yet. but it's not just the shepherds who are suffering mohalla feet moti army is a wall dealer but for the past year he's been unable to sell his stocks because of the monopoly. i have had to lay them off that makes me angry when they get into countries which is very unfair they change the legislation to be able to build an 8 that i do not accept that at the beginning of july thousands of shepherds marched to the parliament in the capitol it was one of the biggest protests in the history of lawsuit 2 they staged their protest in front of a parliament building funded with loans from china and built by chinese companies just like the new exhibition center and the residence of the prime minister. in the evening we sit down with quote sang the shepherds and the organizer of the demo suddenly it is announced on the evening news because of the protests licenses have been granted to other brokers but kut sang still does not believe in a breakthrough. for the 2 for these. these as they call. it co

the china u.s. trade war has dampened economic prospects in asia with the development bank downgrading its growth forecasts for this year and next the bank scaled down its predictions from 5.7 to 5.4 percent this year and down a fraction next year to the woomera forecasts reflect clear fears that the us china trade found off could escalate or even spread to other countries in the region for more i'm joined by the u.k. sawada chief economist of the asian development bank mr thought it welcome now 5.4 percent growth in the region i feel really good by most measures but the euro zone in contrast for example is projected to post just 1 point one percent growth this year how worried should governments really be. so actually as you said the 5.4 percent growth is quite robust if we exclude already high income in asia korea china hopefully china and singapore growth rate overall growth as high as 6 percent and 6 percent if economy continues at this growth over 12 years it will make a size will be doubled so