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Mar 18, 2017
03/17
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china. -- part oft is the -- part of the blame trump has on china is their currency. he has accused china of having a weak currency, so i think tillerson will be laying the groundwork for some talks we will have this year on china's currency come on the u.s.-china trade deficit, and any trade barriers that china has for u.s. goods entering china. later next week the u.s. trade hopefulll go -- will go up for nomination, so once he is in his position in a significant acceleration of u.s.-china trade negotiations. host: let's take a look at the financial times today, focused on the recent words by secretary tillerson about the new approach to north korea. it says the trump administration is no longer willing to exercise "strategic patients" with north korea and is considering military options after a series of provocations. the secretary of state has said that the declaration marked a break from the obama administration's policy of attempting to contain down yanks belligerence through isolation
china. -- part oft is the -- part of the blame trump has on china is their currency. he has accused china of having a weak currency, so i think tillerson will be laying the groundwork for some talks we will have this year on china's currency come on the u.s.-china trade deficit, and any trade barriers that china has for u.s. goods entering china. later next week the u.s. trade hopefulll go -- will go up for nomination, so once he is in his position in a significant acceleration of u.s.-china...
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Mar 12, 2017
03/17
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of china. this is a fact recognized by the world, an important principle in a series of international documents including un resolution. there was no basis on the international law for the region to establish or painting so-called diplomatic relations in any country. seeing such relationships has no legitimacy. shortly they have no future. the taiwan authorities should recognize this major trend. no one and no force can block the eventual end complete unification of china. >> [speaking chinese mandarin] interpreter: president trump has adopted an america first approach and the policies are quitepulp of theseare quite isolationist and populist in nature. people say this will hand over an opportunity to assume global leadership. they will work with the international community to build a just and equitable new world order so will china step up to the global leadership and what is the view of the existing international system? >> [speaking chinese mandarin] interpreter: i think the question comes d
of china. this is a fact recognized by the world, an important principle in a series of international documents including un resolution. there was no basis on the international law for the region to establish or painting so-called diplomatic relations in any country. seeing such relationships has no legitimacy. shortly they have no future. the taiwan authorities should recognize this major trend. no one and no force can block the eventual end complete unification of china. >> [speaking...
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Mar 10, 2017
03/17
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what is china's position? basically china will hold the leaders meeting what do you hope to accomplish? >> [speaking chinese mandarin] [speaking chinese mandarin] i watch your show almost every night and i hope they will achieve better development. the countries are representative of the emerging economies and over these years they may have risen or fallen and they each space debate could face their own set of challenges but as they have put it the bricks are like five fingers each with its own strength. but when we come together, we are a fist that can punch as long as we stay united at the brickthebricks will not lose itr if more it will shine ever more brightly. >> [speaking chinese mandarin] [speaking chinese mandarin] [speaking chinese mandarin] [speaking chinese mandarin] [speaking chinese mandarin] [speaking chinese mandarin] >> translator: this year they entered the second decade as the chairman china will work with other countries to plan the future offering and the golden decade of the corporation an
what is china's position? basically china will hold the leaders meeting what do you hope to accomplish? >> [speaking chinese mandarin] [speaking chinese mandarin] i watch your show almost every night and i hope they will achieve better development. the countries are representative of the emerging economies and over these years they may have risen or fallen and they each space debate could face their own set of challenges but as they have put it the bricks are like five fingers each with...
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Mar 6, 2017
03/17
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tom mackenzie, our china correspondent. china leading out this road map. the question we will look at is how beijing's policy decisions could play out when it comes to the economy. but next, the outlook for australian markets, the rba preparing for its rate decision on tuesday. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia" i am haidi lun in sydney. rishaad: i am rishaad salamat then hong kong. we have a look at the latest business flash headlines. m&a talk, standard life in talks to buy aberdeen asset management, creating one of europe's biggest asset pools of more than 800 pay in dollars, seeing standard life share holders owning 30% of the entity. is said to cut costs and free salaries of higher paid staff. world's biggest pension fund posted its biggest quarterly gain on record. or $92 gpif returned 8%, billion in the months to january. a decline in the again boosted overseas investment. more than 80% of stock investments and strategies that track indexes and benefits from broader equity markets rising. look at chinag a second-biggest
tom mackenzie, our china correspondent. china leading out this road map. the question we will look at is how beijing's policy decisions could play out when it comes to the economy. but next, the outlook for australian markets, the rba preparing for its rate decision on tuesday. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia" i am haidi lun in sydney. rishaad: i am rishaad salamat then hong kong. we have a look at the latest business flash headlines. m&a talk,...
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Mar 20, 2017
03/17
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and china. we are 30 minutes away from the we are 30 minutes away from the open end the mainland and in hong kong. -- sophie: we do have new zealand stocks leading the drop, voice for the biggest fall since november, down 1.2%. aussie shares are snapping a four day advance. the year-to-date rally is a repricing for an old-school economic recovery led by shipments to the u.s.. take a look at currencies, the dollar did reach a year to date low. the singaporean dollar appreciating against the greenback. baht extending last week's rally as foreign funds pile into thai bonds and stocks. week, there were stronger inflows into korean assets. is strategist says the won shrugging off geopolitical concerns and domestic politics to make it the region's best performer year to date. below $50 a barrel, take a look at this. we are seeing an exodus of oil price optimism on this chart. you can see how net long positions for wti have tumbled. that is the line in white on this chart. of a furthers price drop have
and china. we are 30 minutes away from the we are 30 minutes away from the open end the mainland and in hong kong. -- sophie: we do have new zealand stocks leading the drop, voice for the biggest fall since november, down 1.2%. aussie shares are snapping a four day advance. the year-to-date rally is a repricing for an old-school economic recovery led by shipments to the u.s.. take a look at currencies, the dollar did reach a year to date low. the singaporean dollar appreciating against the...
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Mar 24, 2017
03/17
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-china relationship. we saw during the election campaign a lot of frustration and anger that will be reflected in policy. steve: tpp is not necessarily dead? mike: we will find the roles we negotiated will find their way into effect into a number of different ways. froman, thank you so much. sending it back to you. great conversation with former u.s. trade representative michael froman. david: a great conversation in the hainan province. we're looking forward to the reopen in tokyo. we closed very strong there. lower.yen surged 1% gain for the nikkei 225. on the way up in the morning, do we see a continuum? three minutes to the reopen in tokyo. ♪ >> it is 11:29 in singapore, 12:29 in -- the man behind london's worst terror attack in a decade had a string of convictions for violence and had once been investigated for extremism. khalid masood has been named as the killer of three civilians and a police officer before he himself was shot dead. he had a history of relatively minor convictions between 1983 a
-china relationship. we saw during the election campaign a lot of frustration and anger that will be reflected in policy. steve: tpp is not necessarily dead? mike: we will find the roles we negotiated will find their way into effect into a number of different ways. froman, thank you so much. sending it back to you. great conversation with former u.s. trade representative michael froman. david: a great conversation in the hainan province. we're looking forward to the reopen in tokyo. we closed...
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Mar 5, 2017
03/17
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CNNW
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the one thing i know for sure about china is that we'll never know china. it's too big, too old, too diverse, too deep. there's simply not enough time. that's, for me, the joy of china -- facing a learning curve that impossibly steep. the certain knowledge that even if i dedicated my life to learning about china, i'd die mostly ignorant. that's exciting. it's too much. and it's changing so fast. china has a population of around 1.3 billion people. and the number of them who are joining an explosive middle-class, demanding their share of all that good stuff -- infrastructure, the clothes, the cars, the gas to fuel them -- it's, well -- it's the engine that might well drive the whole world. >> zhou: you like chinese food? >> anthony: very much. yes. >> zhou: okay. what do you want? >> anthony: please, uh, order. of course. yes, some good -- some dumplings. [ zhou speaking mandarin ] >> anthony: professor zhou lin is an economist and the current dean of the college of economics and management at shanghai jiao tong university. like so many people you meet here,
the one thing i know for sure about china is that we'll never know china. it's too big, too old, too diverse, too deep. there's simply not enough time. that's, for me, the joy of china -- facing a learning curve that impossibly steep. the certain knowledge that even if i dedicated my life to learning about china, i'd die mostly ignorant. that's exciting. it's too much. and it's changing so fast. china has a population of around 1.3 billion people. and the number of them who are joining an...
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Mar 29, 2017
03/17
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bether potential buyer could china. china's state-owned nuclear enterprises are pushing to build reactors around the world, pakistan, argentina, and the u.k. come a so having andinghouse will help them up their prestige on the world stage. china,s one thing, but there could be some safety issues that the japanese government has well is perhaps the trump administration might think about before that sale goes through. those of the two big names that have been floated out there. stephen, broadly speaking in terms of the nuclear power industry, quite startling the way that japanese nuclear power generation has plummeted. u.s. new to power generation is the yellow line, pretty stable, but that decline when it comes to japanese nuclear power generation since the middle of 2012 -- what is the outlook now, particularly in light of these troubles we are seeing? japan, theclear in fukushima disaster in 2011, and public opposition to nuclear has pushed it down. the japanese government is hoping to get the number around to where it
bether potential buyer could china. china's state-owned nuclear enterprises are pushing to build reactors around the world, pakistan, argentina, and the u.k. come a so having andinghouse will help them up their prestige on the world stage. china,s one thing, but there could be some safety issues that the japanese government has well is perhaps the trump administration might think about before that sale goes through. those of the two big names that have been floated out there. stephen, broadly...
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Mar 6, 2017
03/17
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travel from china to south korea. quite ironic since during davos the president was a big supporter of free trade. >> that is right. this is the economics of idealism. china, the world is in flux with trump coming in. , you are lacking the natural free trade leader in the states. china looks to step up to the mark. retaliates, at least unofficially, against korean companies and stops tourist going into korea. it puts them in a difficult position. it is a nightmare scenario for the chinese. they don't want to be caught in these positions. they would like north korea to behave itself and be quiet in the corner. but that is not where we are. the fascination and malaysia as well also throws things into the mix. it is just a very uncertain picture. how do you price that risk? it is very difficult. you don't know how it is going to play out. it is symptomatic of the tensions in northeast asia. yvonne: it is so difficult, as you say, to price in the risk. our earlier guest said, what can you really do? how do you price somet
travel from china to south korea. quite ironic since during davos the president was a big supporter of free trade. >> that is right. this is the economics of idealism. china, the world is in flux with trump coming in. , you are lacking the natural free trade leader in the states. china looks to step up to the mark. retaliates, at least unofficially, against korean companies and stops tourist going into korea. it puts them in a difficult position. it is a nightmare scenario for the...
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Mar 16, 2017
03/17
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BLOOMBERG
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a lot going on here in china. let's talk about aviva, they are shaking up the roles as we asked them to clean up the industry. i want to talk more about the regulators at this point. they have been increasingly scrutinizing the product with higher yields. they are not limiting what you can buy at this point. what impact does that have on of business?-aviva's chris: i think it is good news they have a more disciplined approach to the industry. we have had a range of products come out. we take a traditional sovereignty management approach, more aggressive. is a 300-year-old company, more focused on. we are making sure investments are sound and secure the back the promises companies are making to consumers. in hong kongapital it will have impact on the domestic industry here. depending on the company they have varying shares of sales to mainland chinese visitors. truly that will have a short-term impact. we will see how that hands out. standpoint,kong independent rules were made in 2007, new rules about distribution.
a lot going on here in china. let's talk about aviva, they are shaking up the roles as we asked them to clean up the industry. i want to talk more about the regulators at this point. they have been increasingly scrutinizing the product with higher yields. they are not limiting what you can buy at this point. what impact does that have on of business?-aviva's chris: i think it is good news they have a more disciplined approach to the industry. we have had a range of products come out. we take a...
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Mar 15, 2017
03/17
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he said china is going to -- they are going to change the paradigm on china. he has also said that they want to look at bilateral agreements more than these wide agreements that have been made in recent years. isn't set up to deal with china's industrial policy, and says he's also commented on the capacity of steel and aluminum and china, saying it was troubling. he's also asked about china as a currency minute later, which donald trump has said he would label china as a currency manipulator on his first day in office. >> in the past, it is my judgment that china was a substantial currency manipulator. i think we've lost a lot of jobs , and honestly it's because of come a china's mitigating currency right now to weaken it is another question. that's up to the treasury secretary. reporter: he certainly doesn't want to be commenting on that particular issue and is pushing it away to steve mnuchin. confirmed, it think china can expect very tough negotiations with this u.s. trade representative. yvonne: you've also asked about nafta, another issue with the preside
he said china is going to -- they are going to change the paradigm on china. he has also said that they want to look at bilateral agreements more than these wide agreements that have been made in recent years. isn't set up to deal with china's industrial policy, and says he's also commented on the capacity of steel and aluminum and china, saying it was troubling. he's also asked about china as a currency minute later, which donald trump has said he would label china as a currency manipulator on...
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Mar 27, 2017
03/17
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as well as china. i'm pleased to announce and welcome the professor of the policy of asian globalization. to talk more about this meeting, thank you for joining us. we would love to be a fly on the wall during this meeting tomorrow. you actually advise his staff as you are telling me before. this may not be the best idea for china. why? >> taking a high risk. they do not have a team to work nominated 70 and 50 of them have come from another congress. i don't think donald trump as a policy framework. last but not least i do not believe there is a constructive consensus in washington dc. the country is one of the washington establishment are deeply divided. she takes a risk to go visit donald trump because it could be quite underproductive. it might be too late to step back but he proposed this should be the most formal meeting of possible between the two. what needs to be accomplished and what are the priorities? >> donald trump is a smart enough to ask her to go to his home instead of washington dc. sh
as well as china. i'm pleased to announce and welcome the professor of the policy of asian globalization. to talk more about this meeting, thank you for joining us. we would love to be a fly on the wall during this meeting tomorrow. you actually advise his staff as you are telling me before. this may not be the best idea for china. why? >> taking a high risk. they do not have a team to work nominated 70 and 50 of them have come from another congress. i don't think donald trump as a policy...
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Mar 6, 2017
03/17
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BBCNEWS
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this is china's communist party elite. they are coming in their thousands as delegates to the annual showpiece rubberstamped national people's congress. of course, you would expect them to say that their leaders are doing a betterjob of governing than donald trump. but nevertheless, what they have to say about it is pretty interesting. america, if you think you are having a tough time of it politically, why not study what china has to offer? what we are finding here is what you might callan what we are finding here is what you might call an outpouring of politeness towards donald trump. what you often hear american politicians criticising china, here, it's not really been the case. —— while you often hear. there you have it. it is interesting because here at the great hall of the people, behind closed doors, there are plenty of discussions going on about china's own political intrigues, questions of whether or not president xijinping might intrigues, questions of whether or not president xi jinping might stay on beyond
this is china's communist party elite. they are coming in their thousands as delegates to the annual showpiece rubberstamped national people's congress. of course, you would expect them to say that their leaders are doing a betterjob of governing than donald trump. but nevertheless, what they have to say about it is pretty interesting. america, if you think you are having a tough time of it politically, why not study what china has to offer? what we are finding here is what you might callan...
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Mar 19, 2017
03/17
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and china. this is an important opportunity to follow up on the telephone conversation between president trump and president xi and to pave the way for continued productive high-level engagement. since the historic opening of relations between our two countries more than 40 years ago, for u.s.-china relationship has been guided by an understanding of non-conflict, nonconfrontational, mutual respect, and win-win cooperation. it is important that the leaders of our two countries engage in further dialogue to develop a common understanding that will guide our relationship for the next half century. the united states and china are the world's two largest economies, and we must both promote stability and growth. our two countries should have a positive trading relationship that is fair and pays dividends both ways. we will be workingn thagoing forward. host: comments of the secretary of state. "the london guardian" reporting on his travels through asia. military action against north korea in option,
and china. this is an important opportunity to follow up on the telephone conversation between president trump and president xi and to pave the way for continued productive high-level engagement. since the historic opening of relations between our two countries more than 40 years ago, for u.s.-china relationship has been guided by an understanding of non-conflict, nonconfrontational, mutual respect, and win-win cooperation. it is important that the leaders of our two countries engage in further...
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Mar 2, 2017
03/17
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the culture spread to china in the late 1990s. from then a number of young people who like anime and manga slowly began expanding the culture. initially the movement was met with disapproval but when the chinese government began promoting them, they began investing, creating major industry. cosplayers who now symbolize the culture are making a living from cosplay. some of them appear in dramas and variety programs. major dramas featuring cosplayers are even in the works. china's cosplay is experiencing dramatic shift. this episode follows these changes and the young people attempting to create their own culture by building a society where cosplay leads to business. >>> this is northern beijing where the china national convention center is located. a large scale event was held over two days from december 31st, 2016. despite the new year season, more than 100,000 people attended the event. some attendees came far. the beijing animation games carnival is the largest such event in northern china. it is held four times a year. the 220,
the culture spread to china in the late 1990s. from then a number of young people who like anime and manga slowly began expanding the culture. initially the movement was met with disapproval but when the chinese government began promoting them, they began investing, creating major industry. cosplayers who now symbolize the culture are making a living from cosplay. some of them appear in dramas and variety programs. major dramas featuring cosplayers are even in the works. china's cosplay is...
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Mar 14, 2017
03/17
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one is china. they are interesting -- aroundted in deploying the globe, and interested in the supply chain for toshiba's machine. they are a potential buyer. south korea, that's another possibility. they deployed this advanced third-generation nuclear reactor that toshiba is building. there's a good fit. the least likely fit is mitsubishi heavy and other companies in japan. because of technical incompatibilities in any case, any buyer is not going to want liabilities associated with nuclear business so toshiba will have to figure out a way to restructure debt is off of the southss and observe it in -- itself. rishaad: this is an industry backed by spiraling losses, credit downgrades, and growing debt. the difference between the companies that survive and the ones that are flailing is a level of state support. what is the government in tokyo doing for this? is there any word from them? reporter: i think at this point given the accounting scandal we saw with toshiba in 2015, and now this involving th
one is china. they are interesting -- aroundted in deploying the globe, and interested in the supply chain for toshiba's machine. they are a potential buyer. south korea, that's another possibility. they deployed this advanced third-generation nuclear reactor that toshiba is building. there's a good fit. the least likely fit is mitsubishi heavy and other companies in japan. because of technical incompatibilities in any case, any buyer is not going to want liabilities associated with nuclear...
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Mar 28, 2017
03/17
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BBCNEWS
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they want to improve their china access. they will take a small stake similar to what delta did with china eastern. could be see us carriers increasing holdings and shareholdings in chinese mainlands? that is contingent to open skies agreements forming between the united states and china. if you see that, you can see these carriers working more closely together. you might see some code—sharing. if this deal goes through between china airlines and american airlines. u nless airlines and american airlines. unless they can have a joint venture, they will not be able to talk about price scheduling and other key things. if you see an increase in stakes in china, could this impact the likes of cathay pacific, chinese carriers having a sta ke pacific, chinese carriers having a stake in the hong kong carrier? hong kong airlines has a large codesharing deal with cathay. if you see american airlines trying to shift some of that traffic to china southern and a stronger relationship between china southern and cathay, major competitors
they want to improve their china access. they will take a small stake similar to what delta did with china eastern. could be see us carriers increasing holdings and shareholdings in chinese mainlands? that is contingent to open skies agreements forming between the united states and china. if you see that, you can see these carriers working more closely together. you might see some code—sharing. if this deal goes through between china airlines and american airlines. u nless airlines and...
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Mar 5, 2017
03/17
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china, because china accounts for about one third of gdp growth. india has about 17% area to economies, more than half of gdp growth. nobody is a beneficiary of a sharp, abrupt adjustment in the chinese economy. -- y: haidi: one of the things is that the yuan exchange and -- exchange rate might be further liberalize. does that mean more volatility? will that give rise to the current debate between the u.s. and beijing? that it will.ow the u.s. can back off that debate, i suppose, but it is the one issue. every president in the past couple of decades has spoken about be chinese current -- the chinese currency being an issue. >> they are on the technical fence, and you can justify tax or trade policy to do whatever he likes, so the broader kind of relationship, which is in focus. and there we should expect that there will be some change in the way the u.s. treats china as a trading partner, certainly in most other areas. the ministration has delivered something, and we should risk spec something that is uncomfortable. haidi: in terms of the pace that
china, because china accounts for about one third of gdp growth. india has about 17% area to economies, more than half of gdp growth. nobody is a beneficiary of a sharp, abrupt adjustment in the chinese economy. -- y: haidi: one of the things is that the yuan exchange and -- exchange rate might be further liberalize. does that mean more volatility? will that give rise to the current debate between the u.s. and beijing? that it will.ow the u.s. can back off that debate, i suppose, but it is the...
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Mar 19, 2017
03/17
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-china relations. [indiscernible] >> said very tillerson, welcome to china. it is my pleasure to meet you here for the first time. you have made a lot of active efforts to achieve a smooth transition in our relationship under the new era. we also appreciate your comment that the china-u.s. relationship can only be defined by corporation. president trump and i have spoken to each other twice on the phone, and we exchanged three letters. both he and i believe that we need to make joint efforts to advance china-u.s. corporations, and we believe that we can make sure the relationship will move ahead in a constructive fashion in the new era. i am confident that as long as we can do this, the relationship can surely move in the right direction. in the recent period, the officials of the two sides have maintained intensive communication. and to push forward the relationship in a constructive manner, that includes your visit this time. i know you had productive meetings with key officials on the chinese side. i have followed his meetings and received reports. i glad
-china relations. [indiscernible] >> said very tillerson, welcome to china. it is my pleasure to meet you here for the first time. you have made a lot of active efforts to achieve a smooth transition in our relationship under the new era. we also appreciate your comment that the china-u.s. relationship can only be defined by corporation. president trump and i have spoken to each other twice on the phone, and we exchanged three letters. both he and i believe that we need to make joint...
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Mar 6, 2017
03/17
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LINKTV
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china is the world's factory. external demand similar proving and that is the main reason for the recovery in exports. >>> strong export data could invite further criticism from donald trump.p. the trade imbalance between the two countrieses is deeply ingrained and chinese factories are just providing what americans want. >> translator: american versus a big appetite for u.s. goods. some may bring factories back from china that may suppress imports from china in a certain extent but it's unlikely that the overall trends will change. >> he says both sides need to work on diffusing trade tension. one action is to open the door to more u.s. agriculture products. >> importing more from the u.s., that may be a break through china is already buying a significant amount of soybeans but i'm talking about a greater variety of agricultural produce including u.s. beef and oranges. the trade imbalance cannot be resolved by threats or retaliation it's to discuss how much compromise each side is willing to make. >> you can catc
china is the world's factory. external demand similar proving and that is the main reason for the recovery in exports. >>> strong export data could invite further criticism from donald trump.p. the trade imbalance between the two countrieses is deeply ingrained and chinese factories are just providing what americans want. >> translator: american versus a big appetite for u.s. goods. some may bring factories back from china that may suppress imports from china in a certain extent...
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Mar 16, 2017
03/17
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KCSM
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it's now the highest in china. it's truly a city that never sleeps. the port control port is a border inspection point between hong kong and shenzhen. people cross it at all times from early morning to late at night. in the past, chinese citizens strive to make it big in hong kong. now, the goal is shenzhen. lu xuanlin lives in hong kong and works in shenzhen. lu opened a members only beauty salon two years ago focused on wealthy clients. business hours are 10:00 a.m. to 10:00 p.m., but it caters to customers any time of the day upon request. the membership fee is $5500. more than 100 people have already signed up. this year, lu plans to start a new business. a restaurant. shenzhen is expected to become china's third largest city in a few years. it is known by countless names, including the town of entrepreneurs and china's silicon valley. a new day dawns over shenzhen. in the past, shenzhen was merely a small fishing village on the shore across from hong kong. after china's open door policy, it was designated as a special economic zone and transforme
it's now the highest in china. it's truly a city that never sleeps. the port control port is a border inspection point between hong kong and shenzhen. people cross it at all times from early morning to late at night. in the past, chinese citizens strive to make it big in hong kong. now, the goal is shenzhen. lu xuanlin lives in hong kong and works in shenzhen. lu opened a members only beauty salon two years ago focused on wealthy clients. business hours are 10:00 a.m. to 10:00 p.m., but it...
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Mar 19, 2017
03/17
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BLOOMBERG
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also issues with china. but don't forget about the issues with japan because the united states of course is withdrawing from the transpacific partnership. there have been calls by president trump for japan to shoulder a bigger load for its defense bill. defense blanket that the united states provides. >> today in a meeting with japan's finance minister secretary tillerson addressed , the escalation of north korea and how japan can rain that yen. >> we look to china for them to fulfill their obligations and what the sanctions in the u.n. resolutions. we look for to having further interactions with china. it would behold to bring north korea to a different attitude about its future need for nuclear weapons. >> what is he proposing here? how big a deal how big a change , in tone and policy towards north korea? >> frankly, i do not hear anything different. this is standard u.s. policy. with respect to china and north korea we talk to the chinese a , lot. we pressure the chinese a lot. we think the chinese have t
also issues with china. but don't forget about the issues with japan because the united states of course is withdrawing from the transpacific partnership. there have been calls by president trump for japan to shoulder a bigger load for its defense bill. defense blanket that the united states provides. >> today in a meeting with japan's finance minister secretary tillerson addressed , the escalation of north korea and how japan can rain that yen. >> we look to china for them to...
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Mar 5, 2017
03/17
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china. grave challenges in the international environment. no mention by name of donald trump, the new us president, but talking about the danger of the globalisation, the danger of new protectionism around the world and china's role as what they call a major responsible country in improving the international environment. we are getting the numbers of people in there in pictures, the sheer number of the hall. they will have to watch it very closely. it is a very dangerous thing in china to be sitting in that hall and to be asleep. you must not be a sleep while this is being read. so they are very conscious that they have to kind of look busy, taking their notes and paying close attention otherwise it could be very career ending for them. but a wider afield, certainly the 2000 people involved in the advisory consultative committee, they pay attention. they are also in beijing from all over china. the technocrats, the innovators, film stars, sports stars, they all pile in here as well. it is a
china. grave challenges in the international environment. no mention by name of donald trump, the new us president, but talking about the danger of the globalisation, the danger of new protectionism around the world and china's role as what they call a major responsible country in improving the international environment. we are getting the numbers of people in there in pictures, the sheer number of the hall. they will have to watch it very closely. it is a very dangerous thing in china to be...
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Mar 10, 2017
03/17
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we have made it very clear to china and they understand that we need them and we need china, we appreciate the strong statement that made recently. we appreciate them getting together with the security council to join in that. we know the importance of china and the situation and how they can make a difference. difference. we will continue to force that with them. >> you also think that north korea has to go first in terms of suspending a nuclear program? >> we have to see some sort of positive action taken by north korea before we can ever take them seriously. we've given them enough reason to ever try to think that were dealing with a rational person on the. >> on the point against freeze for freeze, what we're looking for is the nuclear's age and of d prk. that needs to be made very clear. that's the ultimate goal. and as nikki said, even at the starting point we needed assurances they are serious about denuclearization. so japan's position is is not three for three it's denuclearization. i will defer to my friends but as for as japan is concerned, there is no reason why china i meet wo
we have made it very clear to china and they understand that we need them and we need china, we appreciate the strong statement that made recently. we appreciate them getting together with the security council to join in that. we know the importance of china and the situation and how they can make a difference. difference. we will continue to force that with them. >> you also think that north korea has to go first in terms of suspending a nuclear program? >> we have to see some sort...
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Mar 18, 2017
03/17
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BLOOMBERG
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-china relations. >> it is interesting he highlighted the one china policy. he talked about this being the foundation. it points to a sigh of relief over the phone call it in the -- where trump did say he would support one china policy after previously questioning whether or not that should be part of the bargaining chip for the u.s. when it approaches trade with china. trump came out and said he will stick to the one china policy. everything else they can negotiate and work on and move things forward. >> secretary of state rex tillerson is in talks with prime minister shinzo abe. >> we are outside the guesthouse which is part of the ministry of foreign affairs where the talks with his japanese counterpart will happen later this afternoon, as well is a meeting with prime minister shinzo abe. north korea will be a top the agenda. also issues with china. don't forget about the issues with japan the united states is withdrawing from the transpacific partnership. there have been calls by president trump for japan to shoulder a bigger load or its defense bill. >>
-china relations. >> it is interesting he highlighted the one china policy. he talked about this being the foundation. it points to a sigh of relief over the phone call it in the -- where trump did say he would support one china policy after previously questioning whether or not that should be part of the bargaining chip for the u.s. when it approaches trade with china. trump came out and said he will stick to the one china policy. everything else they can negotiate and work on and move...
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Mar 7, 2017
03/17
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up next, be cautious on china. the new finance minister outlines his agenda. ♪ richard: the chairman of the royal bank of scotland saying he sees nothing on the horizon that ought to worry the markets. howard davies telling bloomberg the credit in china is something to be wary of. i think markets ought to look below this noise, because it is noise, until we have serious investigations, we have no idea what's going on. is that thecan see fed are going to tighten. the fed are reasonably confident that the economy is on an upward path. i don't think the worries out of china are that dad. we all expected chinese credit to slow a bit, but we heard from chen last week with confirmation of that. but i don't think it's disastrous. i don't think there's anything that should really alarm the markets at the moment. >> was the biggest risk to the world economy right now? -- what's the biggest risk to the world economy right now? he talked about the fact that we 2% growth. into what worries you the most? >> it's probably chin
up next, be cautious on china. the new finance minister outlines his agenda. ♪ richard: the chairman of the royal bank of scotland saying he sees nothing on the horizon that ought to worry the markets. howard davies telling bloomberg the credit in china is something to be wary of. i think markets ought to look below this noise, because it is noise, until we have serious investigations, we have no idea what's going on. is that thecan see fed are going to tighten. the fed are reasonably...
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Mar 13, 2017
03/17
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china 200 nuclear weapons, nobody would contemplate attacking china. great britain, small number of nuclear weapons, that is part of the debail talking about the bigger program to upgrade all three grades of the nuclear triad, land-based, submari submarine-based and bombers that have nuclear weapon, how much of the triad needs to be upgraded, what should we be buy nothing terms of how many nuclear weapons. the goal is deterrence, not actually fighting nuclear war. host: kansas city next, go to maurice, independent line. caller: how you doing? good show. i'm a vietnam veteran and veteran working in the coal industry. i would think everyone should have the right to protect themselves. i don't know, it seems to me is there anything, the question to me, is there anything we're doing to provoke these other countries to want nuclear weapons? like you say, everyone has the right to deter and protect themselves, i don't know, it's confusing to me, like i said, 32-year cold war veteran, made many nuclear weapons parts and i hope you understand what i'm saying.
china 200 nuclear weapons, nobody would contemplate attacking china. great britain, small number of nuclear weapons, that is part of the debail talking about the bigger program to upgrade all three grades of the nuclear triad, land-based, submari submarine-based and bombers that have nuclear weapon, how much of the triad needs to be upgraded, what should we be buy nothing terms of how many nuclear weapons. the goal is deterrence, not actually fighting nuclear war. host: kansas city next, go to...
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Mar 9, 2017
03/17
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♪ china with the rise the fastest. is the outlook for the global equation. sethe biggest investors are to increase in their a billion dollar increase. >> the fallout from the missile-defense system, china threatens to court hurt corporate korea. >> welcome to bloomberg markets: middle east. shery ahn joins us. yes out of a very windy and chilly day. out of are seeing is south korean headlines. that is the reason i am here. we have a thing called the trial of the century. into court today. we also have the impeachment motion decision for the constitutional courts coming in tomorrow. north korean tensions are all around. that is being tested this week. take a look at the korea won that is taking a hit because of everything that is happening. we are seeing this losing. have moreling that pressure. the japanese yen is also weakening, we are also seeing the decline. the is still giving this topic boost. all of this happening across asia. it has been a big few hours before crude oil. it is up five .6%. we got that data rum the eia. for show a another record their
♪ china with the rise the fastest. is the outlook for the global equation. sethe biggest investors are to increase in their a billion dollar increase. >> the fallout from the missile-defense system, china threatens to court hurt corporate korea. >> welcome to bloomberg markets: middle east. shery ahn joins us. yes out of a very windy and chilly day. out of are seeing is south korean headlines. that is the reason i am here. we have a thing called the trial of the century. into...
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Mar 15, 2017
03/17
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china relationship. tillersonng with rex and policymakers over the weekend will be key to moving things forward. shery: the latest line saying that china will resettle workers in its overcapacity cut. what could this mean in china's move toward these reforms? that has been a move for the past few years already. reporter: absolutely right. back in 2015, premier lee speak about the reforms this and comparing it to slashing one's wrists.es -- a grim example. a key focus is how to find jobs for the workers were late off from the coal and steel industries. there already cut back on capacity last year in both of those sectors. they expect further cuts to coal and steel this year. getting jobs to those workers is crucial because they do not want hundreds of thousands of people on the street leading social instability. that is a key fear of communist party leaders here. getting those jobs is front and center. putting money aside and implementing that will be the key challenge. the tension between the supply side
china relationship. tillersonng with rex and policymakers over the weekend will be key to moving things forward. shery: the latest line saying that china will resettle workers in its overcapacity cut. what could this mean in china's move toward these reforms? that has been a move for the past few years already. reporter: absolutely right. back in 2015, premier lee speak about the reforms this and comparing it to slashing one's wrists.es -- a grim example. a key focus is how to find jobs for the...
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Mar 18, 2017
03/17
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china has done little to help. what can secretary tillerson do knowing that the president has put a statement like that out there? >> well, i think there is been a lot of strategic mistrust between china and the u.s. the chinese's concerns about the korean peninsula goes beyond the issue of refugee flows who i believe will impact china of the p event of this implosion. mistrust is the notion of the u.s. taking some kind of strategic advances from china. lets say there were some kind of you know occasion of the peninsula in the future. the chinese worries that the u.s. will have the northern part of the peninsula overall, there would be a perception in china that china has lost his game and the u.s. has won this game. i think there needs to be a real discussion of what ultimately u.s. objectives are and the peninsula and whether those objectives can be figured in by the chinese so that we'll have some common objectives. clearly, the chinese are worried about this whole issue because they see pushing oconn north ko t
china has done little to help. what can secretary tillerson do knowing that the president has put a statement like that out there? >> well, i think there is been a lot of strategic mistrust between china and the u.s. the chinese's concerns about the korean peninsula goes beyond the issue of refugee flows who i believe will impact china of the p event of this implosion. mistrust is the notion of the u.s. taking some kind of strategic advances from china. lets say there were some kind of...
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Mar 3, 2017
03/17
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the nature of china's economic relationship with north korea, china's behavior in the south chin china. in his confirmation hearings at that time not yet secretary of state tillerson talked about how we had to prevent china from further militarizing the islands it had largely created or reclaimed in the south china sea. that ways prs a pretty strong statement and got me thinking how do you do that short of war. then secretary mattis went to the region on his first trip overseas as secretary of defense, a trip generally soon as very very successful by most people and talked about the south china sea himself and said i believe we can handle that largely through diplomatic means. so i'm trying to recognizing mr. tillerson wasn't even secretary of state when he made those comments, i'm trying to fit the pieces together and understand what kind of military enablers we have to provide the president so that he can successfully handle the south china sea diplomatically and not have to revert to the kind of means that some people have alluded to including mr. tillerson. >> when i listened to hi
the nature of china's economic relationship with north korea, china's behavior in the south chin china. in his confirmation hearings at that time not yet secretary of state tillerson talked about how we had to prevent china from further militarizing the islands it had largely created or reclaimed in the south china sea. that ways prs a pretty strong statement and got me thinking how do you do that short of war. then secretary mattis went to the region on his first trip overseas as secretary of...
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Mar 30, 2017
03/17
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-- designating china a currency manipulator, despite the fact economists believe china is no longer manipulating its currency. yvonne: great to have you. let's get a roundup of the stories you need to know to get your day going with today's edition of daybreak. for bloomberg said prior -- subscribers go to dayb . ♪ ♪ industry ismusic whistling a happy tune after years of sales falling flat. used -- u.s. music revenue rallied the most in 20 years. ramy inocencio has a notes on the story. >> the music industry fell now because of the internet that now it is picking itself backup because of the internet. mp3s with a digital side of things but now with the cloud, streaming services are the way of the future in terms of pulling themselves back up. do you use spotify? yvonne: i use pandora and spotify. >> you are contributing to the resurgence of the music industry, myself included. pretty much everyone is doing it. look at the revenue, you can see the big pop for 2016, up 11%. that is its biggest jump since 1998. 19 years there. take a look at the number of the streaming subscrip
-- designating china a currency manipulator, despite the fact economists believe china is no longer manipulating its currency. yvonne: great to have you. let's get a roundup of the stories you need to know to get your day going with today's edition of daybreak. for bloomberg said prior -- subscribers go to dayb . ♪ ♪ industry ismusic whistling a happy tune after years of sales falling flat. used -- u.s. music revenue rallied the most in 20 years. ramy inocencio has a notes on the story....
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Mar 6, 2017
03/17
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china, had you go after the china problem? obamap that the initiation concluded was a good way to go after the china problem and forced them into a set of trade rules that would have an end u.s. interests. we don't know what the alternative is. we are talking about bilateral pressure. it's not clear if it will be affective now. francine: how would you do with china? i have been told that because of cultural differences in china, if you put the chinese in a corner, you just get something bad the other way. you need to respect them and make them feel part of something. >> that is true. there has to be multiple dimensions. the tpp was a good way to offer a carrot for china. the obama administration launched a series of cases in the debby tao, which china is committed to. has note issues the wto dealt with effectively. we have a new document from the u.s. trade representative office that says we have to go after china on subsidies, may be in ways that don't fit within the wto. so, multiple approaches, not one simple one. trumps it
china, had you go after the china problem? obamap that the initiation concluded was a good way to go after the china problem and forced them into a set of trade rules that would have an end u.s. interests. we don't know what the alternative is. we are talking about bilateral pressure. it's not clear if it will be affective now. francine: how would you do with china? i have been told that because of cultural differences in china, if you put the chinese in a corner, you just get something bad the...
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Mar 9, 2017
03/17
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in china, you never get a strong cpi in china. haidi: those trade numbers out yesterday were pretty unusual, even for the time of year. do you put it all down to seasonality. a lot of people are saying export growth is meant to be strong for china. it is the trade deficit expected to continue or you don't think that reflects chewed trade data when it comes to china this year? >> i would like to combine two for analysis. the chinese new year can be quite disruptive. i would expect china to be a single digit type of exporter for the full year. i think the whole region's exports are picking up. market share, questionable. for the most part, it is interesting. lowhe one hand, double-digit growth for the first two months. then, lost because of commodity prices. you definitely will see a deterioration in terms of trade in china. whether china is already getting the trade deficit territory, it may be a little too early to say. when you take away the seasonal a smallstill have service for trade in china. this year, china, i think, has a s
in china, you never get a strong cpi in china. haidi: those trade numbers out yesterday were pretty unusual, even for the time of year. do you put it all down to seasonality. a lot of people are saying export growth is meant to be strong for china. it is the trade deficit expected to continue or you don't think that reflects chewed trade data when it comes to china this year? >> i would like to combine two for analysis. the chinese new year can be quite disruptive. i would expect china to...
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Mar 6, 2017
03/17
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that is because china is such a big country. so there are top—down measures to pass all those measures. sometimes they can be downloaded. citing for this year, china is going to set a lower bar for growth, because for the past two yea rs, for growth, because for the past two years, people have been focused on growth. if you really want to promote growth, it sometimes you need to sacrifice reforms and the measures to contain the risks. they also trying to input into this target of about 6.5% may be donald trump's policies, branding china as a currency manipulator that could impact growth, going forward? that is right. i think this is also taking a few factors into account. number one is donald trump's policy. number one is donald trump's policy. number two, of course, the rate hike that might affect chinese growth. china is preparing for all the possible outcomes from the international stage. and briefly, do think that a trade war is eminent between china and the us. in the business use, making headlines, deutsche bank will be
that is because china is such a big country. so there are top—down measures to pass all those measures. sometimes they can be downloaded. citing for this year, china is going to set a lower bar for growth, because for the past two yea rs, for growth, because for the past two years, people have been focused on growth. if you really want to promote growth, it sometimes you need to sacrifice reforms and the measures to contain the risks. they also trying to input into this target of about 6.5%...
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Mar 18, 2017
03/17
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human steps kurds capital him chinaing china. but one big difference between what the soviet union did and the compromises that gore chef had to cut with -- gorbachev had to cut and he had to promise a huge way of new capital investment, all which was wasted but that what's quid pro quo to buy off support from the industrial interest groups and i have a chart of a number tv industrial production members. they shoot up after 1985 as gore chef summers money into the industrial sector. that the industries demand in exchange for support but the soviet destroys are no mow efficient in 1987 than 1985 sew investment is wasted but stress stretches the budget. the huge cost of the program but no economic benefit. second indication study, agriculture. like in industry, the soviet union was very interested in arningbo china's agricultural reforms. china had this large collective farms like the see yet union where round farmer worked on the same fashion an incredibly inefficient system because individual farmers lacked incentive to produce g
human steps kurds capital him chinaing china. but one big difference between what the soviet union did and the compromises that gore chef had to cut with -- gorbachev had to cut and he had to promise a huge way of new capital investment, all which was wasted but that what's quid pro quo to buy off support from the industrial interest groups and i have a chart of a number tv industrial production members. they shoot up after 1985 as gore chef summers money into the industrial sector. that the...
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Mar 14, 2017
03/17
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from the definition of the communist party of china, they would say that the china government will choose... field candidates for you to elect election. but i would say that, if there is a screening process to deny 01’ there is a screening process to deny or reject all of the pro—democracy politicians to be the candidates of the elections, it is not a democratic election at all. so what will your view be of the likely winner of this chief executive race? because we don't know yet, it looks as though carrie lam... well, let's call it selection. carrie lam, it looks as though she is the likely winner of this process. she is deemed to be close to beijing, she has already had a senior position in the executive of hong kong. would you regard her as completely illegitimate, given the circumstances? carrie lam being elected, it would be a nightmare at all. and i would say that he would be the chief executive of hong kong after the 26th of march is not dependent on the hong kong people or hong kong elite. it depends on president xi. so whether the president of china will elect carrie lam, at
from the definition of the communist party of china, they would say that the china government will choose... field candidates for you to elect election. but i would say that, if there is a screening process to deny 01’ there is a screening process to deny or reject all of the pro—democracy politicians to be the candidates of the elections, it is not a democratic election at all. so what will your view be of the likely winner of this chief executive race? because we don't know yet, it looks...
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Mar 26, 2017
03/17
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china has congratulated carrie lam, although china studies to formally approve her appointment. by china does not necessarily bode positively for carrie lam because there are increasing concerns in hong kong encroachment of china on hong kong's affairs. recognizes the divisions and frustrations in hong kong society and says she will try to work to ease these moving forward. there is a lot of discontent bank to the increasing wealth gap and surging property prices, property being out of the reach of many young people. she has promised to focus on boosting the economy. she has a projected cash surplus of $12 billion for hong kong in the current financial year, so that should help her, but she said she will not look at electoral reform. >> thank you so much for bringing up for us. up next, an alliance in the air. american airlines and china southern shaking hands. this is bloomberg. ♪ ♪ 7:30 a.m. monday, 30 minutes away from the major market open. betty: very crystal-clear, unusual. things are turning up. sunday evening here in new york, markets closed mostly down on friday, ge
china has congratulated carrie lam, although china studies to formally approve her appointment. by china does not necessarily bode positively for carrie lam because there are increasing concerns in hong kong encroachment of china on hong kong's affairs. recognizes the divisions and frustrations in hong kong society and says she will try to work to ease these moving forward. there is a lot of discontent bank to the increasing wealth gap and surging property prices, property being out of the...
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Mar 27, 2017
03/17
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narrator: and china drives the demand for ivory. knights: china now is estimated to be 70% of the world's ivory market. there is a tradition of ivory carving, but also, of course, the massive growth of the chinese economy. narrator: around 300 million people make up china's middle class today. that's more than the population of the united states, and they are looking to spend their money on luxury goods. ivory has particular appeal because of its long history in china. it has been carved there for more than 2,000 years, expressing many core chinese cultural and traditional values. knights: i think in some cases, people are speculating that ivory is almost like a currency that they can invest i in fofor the future. alie: you walk through beijing and in some of the stores you see ivory mantelpiece, exquisite carvings going for like 50,000 u.s. dollars, 60,000 u.s. dollars. knights: but in addidition to that, you have thihings like chopsticks, bangles that people wear, small carved items. all these things are made from ivory, and unfor
narrator: and china drives the demand for ivory. knights: china now is estimated to be 70% of the world's ivory market. there is a tradition of ivory carving, but also, of course, the massive growth of the chinese economy. narrator: around 300 million people make up china's middle class today. that's more than the population of the united states, and they are looking to spend their money on luxury goods. ivory has particular appeal because of its long history in china. it has been carved there...
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Mar 15, 2017
03/17
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-china trade war. it's a major political year for china. it we get any sense of the political chess match going on behind the scenes? it is sometimes the case that the you read the tea leaves and tried to get a feel of what is really going on behind the scenes at this big piece of political theater. as you say, we do have the party congress at the end of this year where we are likely to see a leadership recessional -- reshuffle. were looking for president xi jinping to shore up his power base mother we have not had any clues as to what is going on. everyone has been on message. heard of xi jinping being at the core of the country and the party as a strong international and domestic leader. that is the message being put out. it is a big year for china. we make it more from premier i at this press conference. haidi: thank you for that. still ahead, futures trading, is that picking up steam in asia. we get the lowdown. with the fed hike all but baked in, margaret's listening to janet yellen's language on wednesday. we have a preview. that is n
-china trade war. it's a major political year for china. it we get any sense of the political chess match going on behind the scenes? it is sometimes the case that the you read the tea leaves and tried to get a feel of what is really going on behind the scenes at this big piece of political theater. as you say, we do have the party congress at the end of this year where we are likely to see a leadership recessional -- reshuffle. were looking for president xi jinping to shore up his power base...
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Mar 19, 2017
03/17
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we took a trip down to southern china, guangdong, the manufacturing heartland of china. we went to a city called h uaijo. wages have increased, demand relatively flat, the raw material prices have gone up, but for many of them, shrunk -- trump has to be a threat. they are looking to move to places like myanmar and the it not. we spoke to taiwanese offices looking to move to other offices in the region. take a watch as to what we found out with this city in southern china. this scale isn this delicately coordinated deathly molten glass, -- blue pipes and more. it used to be used to be worth it. it is now more expensive and cooling demand means profit going up in smoke. now they have to contend with new trade tensions. 90% of the glassware made in this factory ends up on shelves in places like home depot and lowe's in the u.s. any tariffs imposed by donald trump on chinese exports would kill business. town, past the hoax of shuttered factories, this person has made his decision. he will move his factory this year. the new u.s. president was the nail in the coffin. the unce
we took a trip down to southern china, guangdong, the manufacturing heartland of china. we went to a city called h uaijo. wages have increased, demand relatively flat, the raw material prices have gone up, but for many of them, shrunk -- trump has to be a threat. they are looking to move to places like myanmar and the it not. we spoke to taiwanese offices looking to move to other offices in the region. take a watch as to what we found out with this city in southern china. this scale isn this...
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Mar 18, 2017
03/17
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i know to solve this nuclear program problem, china needs to play a more active part. in the toolkitls exhausted? what more specific actions can we take in your opinion. and according to a press statement by the state department, i wonder going forward, what will be the korean government's position on this new approach? i pose this question to foreign minister yun. as itary tillerson: indicated in my remarks, 20 years of talks with north korea have brought us to where we are today. the r.o.k. and the united states have made it very clear that we are interested nothing but a peaceful and economically stable korean peninsula. this 20 years of talking has brought us to the point of where we are today. so the track that we are now going to see is a number of actionsth ever greater ahead of us that involve which the united nations security council has already approved, and in china, which voted for those sanctions, and we are following -- calling on all countries to fully implement those sanctions. we are calling on china to fully implement those sanctions as well in client
i know to solve this nuclear program problem, china needs to play a more active part. in the toolkitls exhausted? what more specific actions can we take in your opinion. and according to a press statement by the state department, i wonder going forward, what will be the korean government's position on this new approach? i pose this question to foreign minister yun. as itary tillerson: indicated in my remarks, 20 years of talks with north korea have brought us to where we are today. the r.o.k....
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Mar 27, 2017
03/17
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china. so how will they remain relevant? there are a lot of areas. hong kong, as you say, has always been the conduit of finance and financial services into and out of china. that role should continue. but probably what needs to be done is more of a focus on areas such as wealth management and harnessing the flows of capital out of china and into the rest of the world through what is in fact a rule of law economy that can't really be replicated in china. i think we can also expect to see the government pushing for improvements in legislation, which allows hong kong to participate in change issues like the one built one road and the asian investment banks. so those areas where we expect to see the government puts focus that was peter church speaking to me earlier. shares in toshiba are higher on news that westinghouse could file for ba n kru ptcy that westinghouse could file for bankruptcy protection as early as tuesday and is seeking support from korean alleged power. toshiba's gains come against a backdrop of a broader market downturn this morning.
china. so how will they remain relevant? there are a lot of areas. hong kong, as you say, has always been the conduit of finance and financial services into and out of china. that role should continue. but probably what needs to be done is more of a focus on areas such as wealth management and harnessing the flows of capital out of china and into the rest of the world through what is in fact a rule of law economy that can't really be replicated in china. i think we can also expect to see the...
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Mar 20, 2017
03/17
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how about the eu and china? finance minister has urged china and germany to have a deal that includes reciprocity. there are many european officials who are still concerned about some of china's trade policies. --orts from china to the eu so it is a thorny deal when you negotiate trade, and perhaps that's why so many regret that the trump administration is moving away from these multilateral deals and move towards more bilateral deals, -- i don'tinvolve want to call it headbutting, but i guess that is what negotiation is. yvonne: thank you. still ahead, big is beautiful. we look at how suvs became the new rulers of the road. risk, theying for factors that could derail this year's equity rally. this is bloomberg. ♪ yvonne: you are watching "daybreak asia". i am in yvonne man in hong kong. ramy: a quick check of the business flash headlines, the dalian wanda partnering with ibm , introducing what this services to allow chinese businesses to have access to infrastructure and language services that allow consumers
how about the eu and china? finance minister has urged china and germany to have a deal that includes reciprocity. there are many european officials who are still concerned about some of china's trade policies. --orts from china to the eu so it is a thorny deal when you negotiate trade, and perhaps that's why so many regret that the trump administration is moving away from these multilateral deals and move towards more bilateral deals, -- i don'tinvolve want to call it headbutting, but i guess...
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Mar 23, 2017
03/17
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and china, saying as the u.s. pulls back, this should now be the position that australia should look to strengthen with fhcichina, and it doesn't need e a quid pro quo, that they need to have this strategic security alliance with the u.s. , this incredibly important economic and trade relationship. china being the biggest trading partner for australia. >> on tom's point there, tom talked about a lot of the things china hopes to get. chinaanything specific on tradet we should be watching out for for the next 3 1/2 days? verys, the premier got specific. he said we will continue to import more from australia, including chilled beef from australia. that is a wrinkled from the free trade agreement that was signed about 3 years ago. currently most of the australian beef that goes into china is frozen. there are factories in china that are licensed to export fresh beef. that is something that will be mentioned, something over the commentary leading up to this trip and australia focused on as well. the prime minister says
and china, saying as the u.s. pulls back, this should now be the position that australia should look to strengthen with fhcichina, and it doesn't need e a quid pro quo, that they need to have this strategic security alliance with the u.s. , this incredibly important economic and trade relationship. china being the biggest trading partner for australia. >> on tom's point there, tom talked about a lot of the things china hopes to get. chinaanything specific on tradet we should be watching...
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Mar 19, 2017
03/17
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now we have a strong china and i think -- at least on the surface a strong china. were confronting the whole problem of what you wish for. as to china's soccer versus china's mentor ihink were working in that place and right now were very much at the crossroads about how the relationship will go forward and very specific things are going to push it in one direction or the other. for example, how china feels and how we deal with north korea. how we will manage our trade issues. these are going to be important and how this game plays out. also, in how china confronts its debt overhang, social social problems and how we deal with our own issues individually and not involving each other will be important factors as well. right now, without trying to prophesy were at a crossroads and with a new administration here and entering another five years this is a story that will be a compelling one regardless of what happens. one thing on american decline, is that all of us at some time think the chinese definitely have a will overestimate that america will fall in place. ameri
now we have a strong china and i think -- at least on the surface a strong china. were confronting the whole problem of what you wish for. as to china's soccer versus china's mentor ihink were working in that place and right now were very much at the crossroads about how the relationship will go forward and very specific things are going to push it in one direction or the other. for example, how china feels and how we deal with north korea. how we will manage our trade issues. these are going...
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Mar 5, 2017
03/17
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in office, he has not been talking the same language, china the rapist, china and the thief of the us jobs, that has been toned down in his first month in office but we still have important issues to establish relationships on trade, currency, north korea, south china sea, taiwan, all the strategic issues. there will be some suggestions over the next few days in the speeches we are hearing, we will have a press conference from the foreign minister, there will be some indication about how china plans to play that relations ship. relationship. barack obama has issued a strong denial of allegations by president trump that the outgoing administration tapped phones at trump tower in new york during the election campaign. in a series of tweets, mr trump described the alleged surveillance as "terrible" and called his predecessor a "bad or sick guy" — but he didn't offer any evidence to back up his claims. 0ur north america correspondent, nick bryant reports. it was warm handshakes and friendly bonhomie on inauguration day as donald trump peacefully took power from barack obama, two men fie
in office, he has not been talking the same language, china the rapist, china and the thief of the us jobs, that has been toned down in his first month in office but we still have important issues to establish relationships on trade, currency, north korea, south china sea, taiwan, all the strategic issues. there will be some suggestions over the next few days in the speeches we are hearing, we will have a press conference from the foreign minister, there will be some indication about how china...
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Mar 18, 2017
03/17
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-china relationship. secretary of state rex tillerson got a look at north korean today and had a warning for kim jong un . the so-called demilitarized zone between north and south korea during he said the u.s. is looking at alternatives. he did not collapse from a strike. >> all of our options on the table. we don't want things to get to a military conflict. we are quite clear about that. if north korea take actions that threatens the south korean forces or our forces, they will be that with an appropriate response. ♪ ♪ >> let's talk about the weather. the bloomberg has al qaeda different tools to examine the weather, including whut . precipitation. a lot of it in our area. a lot of ways to explore the massive storms. if you're stuck at home or the office and you are sleeping on your desk and do what is he was going on with the weather, type it in. erik: there are about 30,000 functions on the bloomberg. we always enjoy showing you are favorites on bloomberg television. maybe they will become your
-china relationship. secretary of state rex tillerson got a look at north korean today and had a warning for kim jong un . the so-called demilitarized zone between north and south korea during he said the u.s. is looking at alternatives. he did not collapse from a strike. >> all of our options on the table. we don't want things to get to a military conflict. we are quite clear about that. if north korea take actions that threatens the south korean forces or our forces, they will be that...
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Mar 11, 2017
03/17
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i think we will see that, it is trading in china, it takes place a lot in china. there may be a lot of people trying to get money out of china. do you think that that rampant demand from china is continuing? where we're going to see most of the trade, where this is happening. 90% of all bitcoin trading is taking place in china. that has nothing to do with this. >> what is the driver? i think it was a function for them to get a love or money. bringing this to all markets. this would have a regular stock exchange property. >> we will see how well it is doing and where it is coming from, thank you for shutting the light for us. is largest jobs figure surprise with the upside. 250,000 jobs were added to the united states, unemployment went down to 4.7%. jobs were of these from construction and manufacturing. this was a good start for the trump administration. many continue to wonder if the momentum will continue. the tech sector has concerned with the new talent. we have jake schwartz joining us. as well as david kirkpatrick. thank you very much for joining me. are di
i think we will see that, it is trading in china, it takes place a lot in china. there may be a lot of people trying to get money out of china. do you think that that rampant demand from china is continuing? where we're going to see most of the trade, where this is happening. 90% of all bitcoin trading is taking place in china. that has nothing to do with this. >> what is the driver? i think it was a function for them to get a love or money. bringing this to all markets. this would have a...
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Mar 16, 2017
03/17
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with china. at the same time, i expressed appreciation for the u.s.'s strong commitment on the senkaku islands. >> we affirmed that article 5 of the 1960 u.s./japan treaty covers the senkaku islands. we oppose any unilateral action that seeks to undermine japan's administration criminal of the senkakus. >> the security of state heads to south korea and china after leaving japan on friday. tillerson. >>> as we've heard, north korea's missile and nuclear advances were a major topic of discussion. now we hear about the challenge it presents to the u.s. >> north korea is on a path right now to develop, you know, long-range ballistic missiles with nuclear weapons. it's very likely that within president trump's initial four years in office that north korea will acquire that capability. >> reporter: he used to be one of the u.s.'s main policy voices on north korea. he says the country's nuclear threat is greater than ever. north korea has not shied away from showing off it's missile technology since don
with china. at the same time, i expressed appreciation for the u.s.'s strong commitment on the senkaku islands. >> we affirmed that article 5 of the 1960 u.s./japan treaty covers the senkaku islands. we oppose any unilateral action that seeks to undermine japan's administration criminal of the senkakus. >> the security of state heads to south korea and china after leaving japan on friday. tillerson. >>> as we've heard, north korea's missile and nuclear advances were a major...