students to go to try now. and was the launching pad for the first book the story of the new china and markets back to the early experiences to follow the path and the trajectory over china's many changes in 2006 for after returning to the university he went back to china in 1988 and then was expelled from china just get out of here because of his links during that period and reported from bosnia and afghanistan and later was the editor of the "washington post" that was headed back to china for a stint to conduct research and for the best coverage in asia also has won prizes for his coverage of asia and the fellowship covering education in china. >> '01 people from the los and center are in the audience you know, our relations right now or in a precarious state to say respective spheres that any time since normalization running very deep we are the first time running countries by men to be fundamentally adversarial. it is a reflection of the views of the people at the same time and that remains true today in the strategic area andrea also overdue for the economic relations in terms

discuss u.s.-china relationships. thank you, gentlemen. guest: glad to be here. guest: thank you. host: let's talk a little bit about secretary tillerson who is in t middle of hisrip to asia, to deal with u.s. relationships. he is in china meeting with the president. what are you each hoping to see out of this meeting? guest: i think top of the agenda will be north korea. china has the most and forth on north korea and with this alarming development in their weapons capability, china is best positioned to exert the necessary pressure to get north korea to curtail that activity. secretary of state tillerson i think will be focusing principally on this issue but there are others as well. the trade disagreements that have been lingering between the u.s. and china need to be addressed and i think this will come up. host: what do you think? guest: i think we will also be talking about the u.s.-china trade relationship. donald trump railed against china for the bilateral trade deficit the u.s. has against china. -- part oft is the -- part of the blame trump has on china is their currency. he

] [inaudible] they recognize they cannot be conflicts between china and the united states what came through the overall stability and relations. president trump is a leader like no other. how confident are you that the compromises can be part of the most important challenges that concern both sides [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in chinese mandarin] this is a very important question because people are interested in the prospect of the relations. through the intense communication and joint effort on both sides they had an important telephone conversation where they reaffirmed the importance of following the one principle since the direction and it paved the way for bilateral relations and the two sides are having communications on realizing exchanges between the president and other levels. there was no reason why china and the united states could become partners [speaking in native tongue] [speaking in chinese mandarin] [speaking in chinese mandarin] [speaking in chinese mandarin] the importance of china u.s. relations between th

♪ >> trading places, we are coming down to the latest exports data from china, with strong numbers expected. ask the u.s. deficit reaching a five-year high in january. trump prepares its case against beijing. wikileaks says the cia could hack into smart devices. thousands of documents show agents can monitor our messages. on international women's day, the governor of tokyo says she wants more female politicians in power. this is the second hour of daybreak asia coming -- asia. >> it is after 7:00 here in new york. we are fresh off of those revised gdp numbers coming out of japan. as sometellar economists would have expected. up 0.3% quarter over quarter. hading what economists expected, 1.5% for the fourth quarter. >> it was amiss for that. the biggest driver they were talking about was capital spending. that was just 3.5 percent. it swung into positive territory. we can see a little less optimism here. that gdp deflator, three straight quarters in negative territory. we continue to see the negative territory. looks a little murky for japan. let's go to the market. a final reading,

. rishaad: i am rishaad salamat. this is "bloomberg markets: asia." china manufacturing pmi from but weestimates 51.7, have a figure of 51.8, just at the margins. the nonmanufacturing pmi great guns, a significant improvement from the february number, that is that pmi data the one more looked at? >> 51.8 is a good number. the last time we were this high , higher than 51 point eight, so a near five-year high for the manufacturing index. it points to the moderate increase in manufacturing sentiment. in february, 51.8 now in march, 51.3 in january. it backs up the early indicators , satellite manufacturing index, 51.8. rishaad: it is strange how this non--official data tracks. it is actually backing up the state numbers. >> yes, they may be accurate. it is from the national bureau of statistics. in march, the numbers in the pmi upwards because of the distortions from the lunar new year holiday. aberration, but a positive sign for authorities trying to put some stability into this economy. were speaking to some clever people at the credit suisse conference. what is the general consensus

, although the u.s. did not firstn how america would work. china housing market, new fears of a bubble. haidi: beijing and washington prepare for top level talks over tensions and trade in north korea. rishaad: the secretary of the state turning up the heat on pyongyang, saying the gears of patients are over. let's look at the markets, no trading in tokyo. , some data coming through, reaction to house price numbers out of china. also the followthrough on this trip by secretary of state rex tillerson. that: a lot to impact from tillerson visit. , currencies seems to be off the agenda and that g-20 communicate. forwonder what that means that fear of a currency war between the u.s. 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 doll

video library. >> at a press conference in beijing, china's foreign minister talked about relations with the u.s., north korea's ,ecent ballistic missile test and china's role as a permanent member of the. this is 45 minutes -- permanent member of the un security council. this is 25 -- 45 minutes. >> thank you. i am from nbc news. minister, you have included a politicians clearly recognize that there cannot be conflict between china and the united and because both will lose. and both sides cannot afford that. propose inen can you order to secure the overall stability of china-u.s. relations? president trump is a leader quite like no other. how confident are you that compromises can be found on the most important challenges that concern both sides? what is your impression of rex tillerson? thank you. chinese]ng >> this is a very important question because people are interested in the prospects of china-u.s. relations. through the intense communications and joint efforts of both sides, the china-u.s. relationship is transitioning's readily and developing -- transitioning steadily in d

, la, la, ♪ sha, la, la, la, la, la, ♪ sha, la, la, la, la ♪ >> archival voices: china's younger generation is driving a growth in consumption. this is where the real power is -- china! ♪ >> anthony: if you live in manhattan, like i do, and you think you live in the center of the world, this place, shanghai, will confront you with a very different reality. turn down a side street -- it's an ancient culture. the centuries-old mix of culinary traditions, smells, flavors. a block away, this. an ultra-modern, ever-clanging cash register, levels of wealth, of luxury, the sheer volume of things and services unimagined by the greediest, most bourgeois of capitalist imperialists. the city is split by the huangpu river, a tributary of the yangtze, into the older section, which features the bund, and the newer, built-up section of pudong. 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 knowle

there cannot be competition between china and the united states because both sides will lose and both sides nnot afford that. to secureu propose the overall stability of china-u.s. relations? president trump is leader quite like no other. how confident are you that compromises can be found on the most important challenges that concern both sides? and if i may, what is your impression of rex tillerson? thank you. minister wang: this is a very important question. through the intense communications and efforts of both sides, the china-u.s. relationship is developing in a positive direction. last month, president she jim thing and president trump had important conversation where they reaffirmed -- president she anding -- president xi president trump had important conversation where they reaffirmed the one china policy. it has set the way for bilateral relations. the two sides are having fruitful conversations on ourizing exchanges between presidents and at other levels and expending all levels of operation. as long as we act on the consensus reached between our , operate on the principle

korea is you should pressure from china not to accept this system because china see its as something, first of all, has powerful radar that can see into china and it is aimed at defending against north korea, could neutralize chinese missiles, they are not happy about it, and putting pressure on south korea not to accept deployment. host: jamie mcintyre talking about terminal high altitude area defense. north korean missile launches. we welcome your calls in the conversation, 202-748-8000 for democrats. all others, 202-748-8002. roll out last week of the thaad system, delivery to south korea, missile shield arrive nothing south korea. trip by the secretary of state, tillerson, travel to the region this week on trip that will include stop necessary japan, south korea and china. state department officials says the threat posed by north korea high on mr. tillerson agenda. what message will he be bringing? >> i'd be surprised if it is not the only thing on his agenda that is the issue preeminent in that area. of course he'll be talking to south korea about continuing with the thaad deplo

data coming out of japan, trade uplation and china might end the week. let's keep caught up with first word news with rosalind chin in hong kong. opec and what independent oil producers are considering an extension of output curve, with people saying there is more time needed to trim the global glut. qe should be seen for another six months after the current program ends in june. they were sure the compliance with current restrictions is high. russia,e moment in among our corporate's, we are performing with the obligations which they impose on themselves. all of the companies want to show commitment and not stand out among the full group. rosalind: opposition leader alexander has been arrested after a demonstration in moscow. the anti-protection group said it was the biggest russia has seen since 2012. the demonstrations came after reports that the president has amassed a fortune including ts andns, got -- yach lance. inquiry in china will look at the behavior of power companies and contracts for presidential and business customers. the prime minister said the markets do not appear to

parliament house in canberra to start. china is looking for openings following the u.s. decision to abandon the tpp. we are joined by our correspondents watching this out of beijing. we also have paul allen, who is in sydney. paul, tell us what leaders have been discussing there. paul: the first thing they discussed, the premier li said the terror attack in london, they were united in their condemnation of that. the subject did quickly turn to trade. now the speeches at the lunch that was just given at parliament house, the australian prime minister, lord of the robust, fruitful partnership and the chinese premier said in a world where protectionism is rising, we cannot close our doors. he went on to say there are problems with globalization, but it's all about how the world response to that. it's not about walking away from it. he said china would not seek to dominate the region, it was in favor of freedom of navigation, and talked about the australia-china relationship is always having to move forward and he's very pleased to be here, david. let me ask you what china hopes to get out of t

policy, russia's domestic economy, china's foreign policy china's domestic economy, and i don't think it's colorful to say the common perception out there today is that china is a very strong and rising nation, and russia, although perhaps tactically fairly strong, is in the long run in a relatively weaker position than china. now, short advertisement we're having event next week on tuesday, speaking about asia, which will question a little bit the idea that china is a strong as we believe it is, but certainly that's the common perception. how did we get to this night well in the early 1990s, there was sort of a common perception out there, and i just was digging around in my own personal archives a parent on russia and china and this is the would informed and senior activities were thinking about the question in 90s. if there is a lesson to be gained from the comparative experience of the ussr, hungary and the post soviet city is that common just leaders gamed more stable regime transition when they chose to seek democratic support. it seems the past china is determine to follo

where we could see liberalization, but access for investors looking abroad. itsaid when china opens financial sector, we want to get access to better treatment for private investors and other countries. so very interesting lines there. it is a change in tone because we have heard chinese officials talking about the opening up of financial sectors and other this as talking about an organic process, but something that will happen. we heard him talk about it at link, bondnd exchange, foreign invested ipos, so it is a township. also talking about china's role in trade saying they have a number of deals they are talking through and with their colleagues about. , the asianut rcep regional partners, japan, europe, u.s., bilateral treated.t cheate -- 3-d. he says he wants more consensus when it comes to trade issues. example of china trying to gain leverage ahead of talks in the u.s.? tom: it could well be part of bring incentives, but also pressure points when it comes to tougher talks with washington, with the u.s. they have this bilateral trade investment treaty, but washington has been

>>> china, more than 2,000 comic conventions are held each year. selling many products related to magna, anime and games. there's 200 million fans of the so called two dimensional culture and the market size exceeds 29 billion u.s. dollars. 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,

trigger day. we are 30 minutes away from the open in china and hong kong. we have had this risk on rally on the table with a blowout consumer confidence number out of the u.s. will that trickled through when it comes to the asian session. let's get it over to sophie to see how we are faring. sophie: we do have stocks outside japan advancing, building on gains for a second day, stocks in sydney leading gains come up .8%. kl adding to gains, and taiwan rising, snapping a three-day drop. resilience,howing but take a look at southeast asian currencies, not finding their footing. the malaysian ringgit down .1% against the dollar, and the tahi baht slipping ahead of the rate decision out of bangkok this afternoon. let's look at the bonds and commodities space, some caution here. we do have the dollar extending its overnight gains, treasuries continuing to fall, aussie and kiwi bonds tracking those moves and u.s. notes, gold holding, higher by .2%, and wti topping $48 a barrel. citigroup saying the oil market will tighten in the second quarter and sees opec cuts extending into the second

hong kong shares. we do have numbers for the developers,ese soa china resources, expected to show slower growth. we will get the results from tencent, cheung kong properties, and ck hutchison. rishaad: thank you for that. back to sydney, paul allen on standby with first word news. paul: rish, u.s. supreme court nominee neil gorsuch says he would not hesitate to rule against donald trump if the law required it. he said the constitution has many protections for religious minorities. he told his senate confirmation hearing that he has made no promises about how he would rule on any issue. >> no one in the process from the time i was contacted with an expression of interest to the time i was nominated, no one in that process, mr. chairman, asked me for any commitments come any kind of promises about how i would rule in any kind of case. paul: britain has joined the united states in banning large electronic devices in the cabin from select cities. tablets, laptops, and dvd players must now travel in baggage after reports that terrorists are planning a new, innovative attack. the ban is

urgent security meetings after reports the north has fired more strategic missiles. haidi: china lowers expectations for growth this year, li keqiang says the emphasis is on reducing risks. xi jinping isdent firmly in control, the message. haidi: a rate rise seems all but week, janet yellen warning danger if the fed acts too late. risk aversion in this first trading session in asia. 30 minutes away from the open in china and hong kong. looking at how those markets are digesting policy announcements from the npc. rishaad: the first time asia has had a chance to react to what janet yellen is saying. sophie kamaruddin is having a look at the movers. sophie: quite a bit today. korean stocks, the rosalind: the kospi falling, consumer services falling over 1.6%. a number of players falling today. rising upperks are 1%. the kospi is asia's worst-performing index and asia this year, falling nearly 5%. hanjin we do havehanjin shipping on the decline over 21%. hanjin shipping's u.s. creditors sellin given the nod to stateside containers. the judge overseeing the hearing rejected hanjin's claim th

paper from 92 by a distinguished scholar giving his take on china and russia in the way some very informed and senior academics talked about this lesson to be gained from the experience in the post-soviet state as the leaders gained more stable regime transitions for the democratic support and economic conditions deteriorating so far for the leadership cannot escape blame it seems china is determined to follow the management to maintain the control of the society as destabilizing. one has to understand the importance of tiananmen square. a fairly common perception is the soviet union, russia was on the right path to reform and china was on the wrong path in tiananmen square. it turns out it wasn't just professor goldstone in the early '90s who were interested in the comparison. it turns out mikhail gorbachev was also interested in the comparison and if that comparison and learning from it is the center of the event today it is my pleasure to welcome the associate director of the johnson program, a program i know extremely well preserved as the lectures are at the economic school i

of japan. it is said the missiles were launched from an errant near the border of china. the white house eyes asked the congress to investigate president trump's claims that back obama ordered his phones tapped. there has been a denial of the allegations by the former director of national intelligence. the second day of the chinese national people's congress is under way. and francois fillon says he will not quit amid allegations of corruption. and the top story here in the uk: talks will begin later today to try and form a new powers sharing government in northern ireland. but the first time, the unionists will not have a majority of seats. china's premier has the growth target from 2017. we take a look at the risks facing the world ‘s second—largest economy. and how the dream of 3—d printing is becoming closer to reality. good morning asia. hello world. it isa good morning asia. hello world. it is a monday, the start of a brand—new trading week. glad you to join us for this edition of asia business report. i am rico hizon. we start with china, which is that a forecast of

warriors will be making their third trip to china this october 2nd games between the minnesota tinder wolves in shanghai we'll be the nba team traveled to china more than any other tomato in the history. >> (clapping.) >> the first change to go there and hear amazing things our second trip to our sister city shanghai we'll get to visit the nba in hits desirability is such a global trend i've had a front row seat to watch that waterproofsables are years i was in charge of the international offices and had the thierl to be part of opening of our very first international one person office in melbourne as you traditional it is amazing to see the hundreds of employees and the offices all over the world to promote this support of basketball and the nba for the nba there is no question that china is the single most important mashthd outside for the basketball it is the most important team sport staten island one hundred million people play basketball and again, economically did most important place outside of the united states for the nba for the warriors i think we do that exactly the is th

will steer the talent to china. and the u.s. braces for infrastructure boom and elon musk could land a parking spot in the middle of the action. we will explain. first, bitcoin crashes after the u.s. securities and exchange commission rejected an application for a coin exchange traded fund backed by the legal klevoss twins.winj it down by some 8.2% since the decision. you have to put it in perspective. this is a volatile asset. bloomberg editor at large cory johnson joins us with more context. it seems to be on a knife edge. what happened? cory: the twins have been trying etf.eate this new eps -- it would give a lot more people access to trade this thing and put more money potentially into trading it but it would also put money into their pockets. of thending on the size offering and the change over time, they would have been able to go into the bitcoin market and acquire actual bitcoin as a backstop to the proxy. bitcoin trades around the clock and sold off at crazy. they are off about 23%. it was crazy trading, very actively trading. when it turned around, it is down by about 8% now.

. markets are going to be disappointed somehow. in terms of clarity, you know, talking about china of course, we have seen confusion between what trump has said during his campaign even now with stephen the nation as well. any clarity -- steven mnuchin as well. last week in my interview with secretary mnuchin. they will wait until able to make any decisions when a standard semiannual report comes out about whether or not the are currency manipulators. trade will be part of tonight's ,residential address particularly, bilateral trade agreements. he will make the case you want to lower the corporate tax rate to incentivize businesses, american businesses to stay in the united states as opposed to going overseas. all of that however hinges on whether or not he can unite this republican party including an ultraconservative faction within the party that is incredibly skeptical of more government spending. >> kevin cirilli, great stuff. joining us from capitol hill. a reminder that you can watch president trump's speech to congress live right here in full on bloomberg television. our covera

to the data out of china, strong data expected. ciaaad: wikileaks says the can monitor messages, thousands of documents claim agents can hack into smart devices. haidi: and on international women's day, the gender gap has been reduced, but women still earn less than men. rishaad: we do have -- [speaking simultaneously] rishaad: sorry about that. we have trade data coming out in the course of the next couple of hours from china. that should give us a lead as to which way the deficit is heading for the u.s. in particular. it could add to more risk when it comes to transportation -- trump's protectionist tendencies. haidi: let's take a look at the balance. looking at strong numbers out of china. we will see if that can give a bit of a list to the fairly lackluster session in asia. not a lot of drivers at the moment, quite a risk going into the end of the week, and of course i had of the fed meeting next week. of the fed meeting next week. singapore, malaysia, taiwan coming on line. sophie kamaruddin has more. sophie: we are seeing asian markets falling, u.s. stocks slower, perhaps

fault. 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 car

rained down upon us. i'm kasia madera in london. on the ground in china's xinjiang province with the so—called people's war on terror. recent attacks here have all been local and low—tech. a handful of young farmers armed only with knives. dad. good morning. it is 9:00am in singapore, 1:00am in london and 10:00am in the morning in seoul, where in the next few hours, us secretary of state, rex tillerson, will be meeting acting president hwang kyo—ahn. amongst other things, the pair will discuss how to deal with. the, grgwing'thrggtj" " to get china to do more. mr tillerson has already had meetings with the japanese prime minister on his asia tour. at a press conference on thursday, shinzo abe welcomed the visit, and its timing. translation: in a situation where north korea unfortunately in asia—pacific region intensifies, i find the visit by secretary tillerson comes in a timely manner. shinzo abe. policy towards north korea hadn't worked, and a new way forward was needed. in the face of this ever—escalating threat, it is clear that a different approach is required. the purpose

stability in china. the latest after a survey with a solid economic stage. yousef: it is 8:00 a.m. in the emirates, 4:00 in london, welcome to bloomberg markets: middle east. in hong kong, it is midday. the dollar not rolling off, -- falling off as some had feared. as you look at the gm go function on the bloomberg, you can see the dollar bulls coming back, and the japanese yen weakening on the back, down 0.5% , and japan's stock market leading the gains up half a percent. singapore also up on a given how big of an exporting country it is. it may be some confidence be may not see some trade wars ahead. but the heavy eco-data in asia, australia surprising on the .pside alone with pmi data a lot to watch out for when it comes to eco-data and present trump and the federal reserve. yousef: bright patches in the commodity space, especially with key commodities related to the infrastructure spending in the u.s. president trump urged americans to abandon internal conflict and rebuild the country. he made his first address to congress. he said the u.s. is ready to lead the world again. he pro

miners following their australian counterparts. report of china curbing output of steel and aluminum to reduce pollution. a ceo contact potential move a game changer for the industry. south 32 has been raised to buy. elsewhere in the region, we are seeing malaysia, singapore, and taiwan joining that rally as we kick off this thursday. host: umkc needed another reminder -- in case you needed another reminder of commodities in store. the aussie dollar seems trades coming in much weaker than expected. we thought that it was a given. australian data surprises again. numbers, $1.3t billion for the month, almost one third of what we were expecting. $3.8 billion was the expectation. number -- november was a revised number as well. a look at the other data. imports rose 4%, exports fell 3%. if we want another illustration of the importance of china, exports to china fell to $7.6 billion in january. to $4.5 coal: pullback billion. iron ore, just 5.3 billion in january. everything really pulled back. the analysis pulling in to why this happened. perhaps chinese new year was a factor. 20 opinions

election campaign. on the second day of china's national congress, we'll be asking delegates what they think of america's new president. solidarity through fashion: india and pakistan come together on the catwalk in a special london showcase. glad you could join us. it's 10am in singapore, and 10pm in seoul, where the south korean military says that north korea has fired four projectiles into the east sea, also known as the sea of japan. it said the projectiles were launched from the tongchang—ri region, an area near the border with china, where a missile base is located. the missiles flew about 620 miles. for the latest, we go to seoul. steve, why have they done this? several reasons. firstly, they are testing technology. there is a ritual going on at the moment. firstly, there are big us — south korea military exercises starting now. they start every year at about this time. every year, north korea says this is a preparation for invasion. we view that very gravely. and they loose off missiles to make a statement. but secondly, they are testing technology. there were a series of l

%. no surprises that of china, but i will be one of the main stories we are expecting in australia markers when i gets underway. let's get caught up with news with sophie kamaruddin hong kong. the echoes of the: -- sophie? the claims came via breitbart news, the whitening outlet -- right-wing outlet formally won by white wing white house- strategist steve bannon. french presidential candidate friends walking young has again rejected calls to step down, the conservative is accused of using wife andney to pay his children for carrying out fictitious jobs. he denies carrying out the fellow but his politicians have abandoned him. prime minister shinzo abe has strengthened his grip on japan, allowing -- the democratic party their- now allowing leader to remain in office for three consecutive's term. thatche bank has confirmed it plans to address concerns about capital levels by raising more than $8 billion. ceo john cryan has been within the past eight years of plotting the past eight years of legal investigations, and law offer of a partial sales of glitches asset management unit -- th

losses. the premier talking about china pushing hard to cut financial risks. stocks helping lift the in the hong kong market. the dollar is flat, down by .1 of 1%. the s&p futures, we had a week session in the u.s. yesterday as a result of energy stocks and airline stocks being hit by the storm activity in the united states. futures could be a little bit stronger at the open. that is a quick look at where the markets stand. the euro volatility spiked little bit but nowhere near where we saw over that brexit scenario. let's get the first word news with juliette saly standing by in hong kong. good morning. juliette: thank you. president out trump made more million and paid 38.4 million dollars in federal taxes in 2005. that is according to two pages of his federal income tax returns that year that were revealed by msnbc. the white house confirmed those amounts. the figures suggest trump paid a tax rate of 25%. trump has refused to make his tax returns public. of adent trump's choice trade representative has said china is high on the list of what the u.s. should worry about. at his conf

in more than 120 countries. this is bloomberg. david: thank you. china's premier and australia's prime minister have signed an agreement about the trade relationship between both countries. paul allen joined a set of sydney for more details on what has been agreed on and the talking points we will be watching moving forward. as expected, it is a win. paul:. paul: there were some factory's license to export chilled beef to china. now all available exporters can export chilled beef to china. the prime minister malcolm turnbull hailing that development. he said chilled beef exports are $1 billion per- year. significantive growth in a sector. there are also memorandums on infrastructure cooperation, vocational training, cultural exchange. malcolm turnbull announced there would be a new australian consulate. when premier li had his opportunity, he defended the globalization and free trade. here is what he had to say. we both think it is important to uphold free trade, regional stability, and international peace with of the world facing growing uncertainty. we also see that the global

china's biggest airline agree a strategic partnership, rico will have all the detailfor partnership, rico will have all the detail for you partnership, rico will have all the detailfor you injust a moment. after weeks of delay and speculation, president trump is finally expected to issue an executive order later today that will start to dismantle president obama's clean energy policies. this includes a sweeping environmental protection agency rule that mandates cuts in carbon emissions from power plants. it's also expected to quickly end the freeze on new coal mining leases on federal lands and reverse rules to curb methane emissions. during his election campaign president trump said he would run a government that allows us oil and coal producers to thrive and he said that steel and auto manufacturers will not face job—killing restrictions. but the experts say despite any moves by trump to boost coal it is facing stiff competition anyway from natural gas and renewable energy, which is already cheaper to produce and often more efficient to distribute. amrita sen is chief oil analyst at e

of lawmakers get tough on thinking conduct. >> china's new finance minister make his debut facing debt backwards well this year by the value of germany's gdp alone. >> this is the second hour of daybreak asia, coming to you live. yvonne: i am yvonne man in hong kong. betty: i am betty liu and yvonne, i was thinking about investor sentiment these days after what we saw coming out of north korea, coming out of donald trump's administration, and of course, all that leading up to the fed for next week, and you can imagine why the u.s. wekets were lower today, and came off of our lows in the session, but we basically fell and we are off by .3% and below that 21,000 dow level. that is caring through into asian trade right now. yvonne: we are not getting support from the u.s. but it seems like china, some of the headlines coming in seem to be up the and market positive if you take a look at the china market, so yesterday, once we saw shanghai open, the sentiment improves, so a look at what is driving the markets in the region. let us get to the market open with sophie kamaruddin. sophie:

ri kil song on february 28th. i presume china must have given a glim light to north korea's nuclear development. so for china participated in the un sanction but has unofficially supported the survival of the north korean regime. >> well what is your take on north korea's missile development? you just talked a bit about that. the country seems to be rushing to develop various types of missiles. >> yes, north korea has developed and accumulated various technologies. the full operation of its military forces related to testing it's nuclear war heads, preciseness of reentry, use of the fuel, extension and adjustment of missile range, et cetera. but i think sit very unlikely to be icbm this time. the missile went up to 260 kilometers and flew 1,000 kilometers. though there's facilities for centralized launch we know that they are not interested in a peaceful space development. so they shot it in 2013 and 2016. we know that their motives is not peaceful but military. >> well, what do you see then as north korea's next move? do you think the north will continue this provocative behavior?

missile systems. while we acknowledge china's opposition,'s economic retaliation against south korea is inappropriate and troubling. we asked china to refrain from such actions. instead, we asked china to address the threat that makes that necessary. that being the escalating threat from north korea. host: this is the headline from "the london guardian" with response to secretary of state rex tillerson saying all options are on the table with regard to north korea. he made reference to the military equipment being shipped to south korea in several months in advance of the plan to be there in the summer. asking, how we are should the u.s. deal with north korea? robert from wister, massachusetts, democrats line, good morning. caller: this is very dangerous. powerful.ery, very we never went to war with china. we went to war with every nation in the world. we do not want to have problems with china just like we had with vietnam. look at you got china and north korea. both are underneath china. china is going to protect vietnam. china is going to protect north korea. we have submarines that

today in describing the situation with north korea. i'll talk to the former u.s. ambassador to china about whether he thinks it will end in military conflict. >>> and down on the bayou. in trump country, residents give their take on the health care proposal and the president, ahead right here on "msnbc live." >>> we begin with the first 100 days. president trump in florida for a working weekend. a day after meeting with the chancellor of germany, angela merkel. he tweeted, "i had a great meeting despite what you've heard in the fake news." "nevertheless, germany owes vast sums of money to nato." >>> meanwhile, the administration is stepping up on its pressure on china to keep north korea from expanding its nuclear program. secretary of state rex tillerson is in beijing today where he met with his chinese counterpart ahead of his meeting with president xi jinping tomorrow. >> we have agreed to work together to see if we can bring the government in pyongyang to a place where ty want to make a course correction and move away from their development of their nuclear weapons. but it is wit

china. in hong kong as well. it is a down day as we await the fed. let's get it over to sophie. those markets joining the fray, stocks in singapore, kl, taipei in the red, joining the larger selloff. were looking at things going on elsewhere. the nikkei 225 and the topix extending the drop. in korea as well as australia and new zealand. look at the risk radar. coming backy yields below the 2.6% level. oil price swings putting a drag the rise in yields given inflation expectations. we do have yen leading laggards in asia, and gold slipping. now back above that mark. elsewhere, the won continuing to weekend. the jobless rate at a higher-than-expected number. south korea's unemployment has been a sticking point when it comes to political landscape in south korea. the aussie steady after a slight increase in the gauge of consumer documents, at the versions. crudelook at oil, and picking up after dropping overnight in the new york session dumbest $47. this will be in focus given the central bank decision we are expecting from the boj, the fed commend the. rishaad: thank you very much indee

in beijing. he says it's time to get tough with north korea and he's looking for china's cooperation. >>> from cnn world headquarters in atlanta, welcome to our viewers here in the united states and around the world. i'm george howell. "cnn newsroom" starts right now. it is 4:00 a.m. on the east coast, the u.s. president wrapping up a busy day. his unsubstantiated claim that he was wire tapped took center stage. u.s. justice department delivered a classified report to congress and two familiar with the report say that it does not back up the president's claim and still the president refused to drop the issue even standing next to the german chancellor angela merkel in a news conference talking about it. jeff zeleny explains to us. >> reporter: president trump did not back down from his explosive and unproven claims that president obama wiretapped him  at trump tower. >> as far as wiretapping, i guess by this past administration, at least we have something in common perhaps. >> reporter: meeting with angela merkel, the president reported past reports that merkel's phone h

. >> this time like year ago we were thinking about china, the economy and currency collapsing, but a lot of that is down to the commodities were week. that must mean china and has not got much demand, therefore a big slowdown coming and a hard landing, etc. what happened was there was too much stuff, oil, iron ore. what we saw this time it year ago after the national congress was some efforts to restrict supply in china, and that really helped commodities autumn. we had -- commodities bottom. as we move into 2017, commodity prices are strong, this is because china is growing fast now. again, mixing up demand and supply. last week with the congress, again, what are they doing about supply? it is getting this balance. it is not that supply is fixed and demand is verbal, it's more supply is verbal and demand is fixed, and we seen that across the commodities space. all i'm saying is don't use commodities prices as an indication of demand and extrapolate that to broader views about the economy. it is actually the other way around. david: it is easy to measures apply. oal, theyomes to ca r

♪ >> china, lowering expectations for growth this year. the emphasis will be on reducing risk. >> the premier delivered an unmistakable message. he is firmly in control. rate rise,fed sheet janet yellen warning there is danger. abe tightens his grip on power and may become the longest serving prime minister in japanese history. we are covering all of those stories across the globe from beijing. i will break down the work ul and china'so travel curbs on korea. >> we will look at how shinzo abe is strengthening his grip on power, giving him a shot at becoming the larger -- longest serving prime minister in japanese history. and talking about the rate hike, seems to be all but certain. this is daybreak asia, coming to you from the u.s. and asia. i am betty lou where it is just after 6:00 p.m. in new york. rishaad: it is -- yvonne: it is after 7:00 in hong kong. we are not talking about just beijing raining in its growth target, but when it comes to the looming rate hike that the martin is -- market is certain to price in, how will china's stem the offset? betty: you are right. th

it persist. and on korea, the other major nuclear proliferation threat, we need to educate china to eliminate the regime in north korea and to apply it's unique power to stop kim jong-un from nuclear terrorism around the world. on the broader subject of china itself, which will be the strategic issue for the united states in the 21st century, we need as soon as possible to say to china in no uncertain terms, you are to back off in the south china sea and back off in the east china sea. [ applause ] we should not tolerate china making a province out of the south china sea. we should not see them interfere in free navigation of international waters or pressuring our friends in the region and endangering the economies of key allies like south korea and japan and ta taiwan. we should make it clear that there will be no reunify occasion of taiwan is never going to happen. we talk about a one khchina policy. if you're henry kissinger you can handle constructive ambiguity. i think it's time for constructive clarity. we support the people of taiwan. we support their continued self governmen

saying it is in talks with beijing about a presidential powwow next month. got data coming out of china and about one hour, looking at retail sales as well. increased,s have looking at industrial production about 6.2% retail sales, 10.4% on year. one of the main stays of the chinese economy. we should be getting data about uan inn. in around -- yo about 10 minutes during the open, 29 minutes away in shanghai. singapore started second day of trading. the prospects for janet yellen and company are playing out. with investors anticipating what janet yellen has to say, perhaps the china data to drop later today may give us some indication of how this may play out the rest of the day. for now, we are seeing korean shares leading gains in asia. we have the taiwan and malaysia coming online slightly stronger here. japanese stocks are on the decline. taking a look at the currency space, we do have the japanese yen, a little changed ahead of the fed meeting. the south korean won slighting against the dollar. prices, weok at oil do have new york crude holding losses below $49 a barrel. this is th

grey. our top stories: china's annual parliamentary session opens in the great hall of the people, with the communist party leadership setting out its priorities for the coming year. barack obama rejects claims from president trump that he ordered the tapping of his phones during the us election campaign. the french presidential candidate, francois fillon, urges his supporters not to give in amid calls from some within his own party to stand down. north korea's ambassador to malaysia is expelled for criticising the investigation into the murder of the half—brother of north korea's leader. plus — argentina's football stadiums fall silent — as players go on strike over unpaid wages. china's premier says his country's growth target will be reduced to six point five pecent and that policy makers will focus on reducing pollution with major reforms involving its steel and coal companies. -- 6.5%. premier li keqiang was speaking to more than 3,000 chinese lawmakers at the annual national people's congress in beijing. the congress is the body which debates and approves government po

china. that was more a shot across than anything. and efforts to reduce china's influence over north korea. host: we will get to phone calls. (202)-748-8000, line for democrats. (202)-748-8001 for republicans. current dependent line is (202)-748-8002. i guest is james person of the wilson center. before we take our first call, i went to layout we are today and ask for their missteps are whereculations -- and ask their missteps, miss cut relationship 2006 to where we are today? are there things the u.s. should have done with regard to north korea that we did not? guest: i think we should have taken the threat more seriously. we probably should have engaged in more direct talks with them in consultation with their allies. i think we should have not outsourced the problem to china to the extent that we have. it is a complex relationship and a lot of people really don't grasp the degree of animosity between china and north korea. the north koreans perceive china overly interventionist and this goes back decades. they view them as overly interventionist and less than respectful of korean

? china producer prices surging at the fastest space since 2008 as the world's largest second economy targets gdp growth of 6.5% this year. joining us from connecticut is stephen roach, senior fellow at yale university and former chairman of morgan stanley. thank you for coming on the show. great to have you. what is your assessment -- snapshot of china's economy right now? are things going well with rising producer prices? is this the sign of spare capacity being used up and growth looking solid? guest: china is obviously facing a lot of challenges. you show me an economy in the world that is not. case.s certainly the but china is growing at, i think, a fairly robust rate. .% to 7% the big story in china is changing the structure, moving away from the model that for 35 years was driven by production, focused on exports, investment, to one that is now going to be driven more by consumption, drawing on services and chinese people. it is still early stages of the transition. there's a lot of minefields in the road, rather -- whether it is data or property bubbles were some of the other

up-to-date with the headlines. ♪ rishaad: china inflation and prices due out this hour. haidi: copper is usually a reliable indicator of productivity, but it is painting contradictory pictures. tohaad: finding china hard swallow. beijing's battle with cold. haidi: and, the fastest-growing economy in asia. rishaad: 30 minutes from the start of the trading day here in hong kong. looking at the all-important inflation number. we are looking at 7.7. perhaps showing an inventory overhang being dealt with annexes capacity as well. -- excess capacity as well. >> less than a week to go to find out whether the fed will put the trigger. -- pull the trigger. the yen dropped accordingly. leading gains in asia. rising, despite geopolitical risk. gains.nics leading toshiba falling over 4%. reporting it could face more losses. we are seeing a drop in oil overnight, weighing in== ♪ on energy producers -- weighing on energy producers. the aussie dollar dropping today. take a look at the bond space. we have aussie 10 year yield. they have been climbing, catching up with u.s. treasury. we have

holds a meeting in china. it comes at a crucial time in a region that's filled with uncertainty. the u.s. is hoping that china can reign in kim jong-un. finalizing plans for the chinese leaders to visit president trump next month. >> here to discuss, our cnn military lieutenant and on the phone ambassador to the republic with career, christopher hill. >> matt, i want to start with you. what do we know of secretary rex tillers tillerson's meeting today? >> north korea is top agenda. the united states and china has a disagreement as to how to best deal with what's going on with north korea. the united states says north korea's only major ally in the world, china should be doing more to get pyongyang to stop. china says they are doing enough already. the secretary of state did have a brief earlier this afternoon and he talked a little bit about his meeting with his counter part the foreign minister. >> china's long standing policy, we also eck changed views and i think we share a common view in a sense that tensions on the peninsula are quite high right now and things have reached a dan

that is coming out of investment and factory investment. >> more surprising from china. the retail sales number increasing 9.5%. for the january to february period. the estimates have been 10.6% over that period. missing quite substantially on the retail sales. it is not bad growth, but it compares to double digit growth in previous years. >> do you think we are reaching a peak when it comes to china's growth stabilization? >> not when it comes to the growth story, but when it comes to pbi, yes. i don't think it will rise much further because what is happening was global commodity prices. it will probably peak in q2. it will be hard enough to raise interest rates further, but we are not far from the peak. ♪ >> let's talk about toshiba. they are considering stake. the larger >> they made the announcement to delay the release of third-quarter earnings for a second time. remind us what is causing the delay. >> today was supposed to be the day that the company finally reported its earnings for the quarter ending in december. instead, it said it can't produce those results and saw an

regional developments including the korean peninsula and china. to share the position that we reaffirmed to restrain itself from provocative actions with the security council resolutions to have a corporation and to review on the north korea of policy i have their position and we could firmly aligned of the two governments. we confirmed the collaboration further to have a consistent position with the abduction issue this is a serious challenge to the sovereignty of japan to the japanese people it is a top party of the administration we have confirmed going forward but to improve our relationship with china at the same time the adjoining leaders of the statement that they will deepen the corporation -- corporation with the peace instability andhat upon of is confirmation with the secretary tillerson to have discussed the way forward and we have shared our concern in the south china sea and we have confirmed and to be very frank and to make concrete the direction for word with the bilateral relationship and is critical to have a working partnership with the working dinner with t