china is history, china is land, china is people. chinese history goes back for more than 4000 years, that is a long time. it was only 168 years ago that washington crossed the delaware. only 452 years have passed since columbus discovered america. 1500 years since the world saw the fall of the ancient roman empire. 3400 years have gone by since moses received the 10 commandments. 3700 years have passed since the pyramids were built. but more than 4000 years ago, the chinese empire was already in existence. and more important, so was the chinese civilization, a civilization of art, learning, and peace. yes, china is history. china is also land. more land than the entire continent of europe, a third larger than the united states, and rich in raw materials. this last area consists of china in four other providence. -- and four other provinces. to the north is manchurian, huge and desolate, but abounding in raw materials. next to manchuria, mongolia. here lies the gobi desert, a vast plateau twice the size of texas, inhabited by nomad t

china's new silk road needs to solve china's problems — this china out here, notjust the one i've left behind in yiwu. the silk road was once unimaginably remote to most chinese. not anymore. in less than a decade, china's built twice as much high—speed rail as the rest of the world combined, and pushed it out to the far west. using the lure of the silk road to draw the biggest tourist force in the world. china hopes its new silk road, laden with tourists, can bring wealth to the west. xinjiang is home to the uighur ethnic minority. they're mostly muslim, culturally closer to central asia, and outnumbered in their homeland. the region has witnessed a vicious cycle, bitterness over marginalisation driving bomb and knife attacks by uighurs, and met by overwhelming force and religious repression. china is investing here — more than $250 million to build this theatre alone. and, the more china invests, the more it has to protect. but this silk road show works hard to spin a story of ethnic harmony. behind her stage make—up, buhalima is a uighur. 0nce, xinjiang was known for music and

yes, china is history. china is also land. more land than the entire continent of europe, a third larger than the united states, and rich in raw materials. this vast area consists of china and four other provinces. to the north is manchurian, huge and desolate, but abounding in -- abundant in raw materials. next to manchuria, mongolia. here lies the gobi desert, a vast plateau twice the size of texas, inhabited by nomad tribes who lead their caravans back and forth over ancient trade routes. to the west, tibet, the icy roof of the world. its borders encompass the eastern and of the himalayan mountains, a mystery land that few have entered. and from these vast mountains of the west rise the three great rivers. the northernmost of these is the yellow river. far to the south is the pearl the seahich enters pass, the great parts of hong kong. the greatest river of all is the one that flows between, the yangtze, winding for 3000 miles through the heart of china, bringing fertility to the good earth and bearing upon its broad waters

fading empire is china rising what is china going to do in terms of the u.s. as you know over the past few years. they're pulling out their basic lee financial nuclear weapons they're cutting people off from swift as jim rickards has said on the show once you do that you know it's hard to go back from there and will other nations develop their own swift alternatives here we have that case just like you know what you're seeing you mention that there mining big queen and here is a little indicator of why they might be mining declined in north korea because the un applied sanctions from march of twenty sixteen which banned the export of gold very dmn titanium and rare earth metals earlier this year a group of u.n. experts concluded that north korea despite sanctions continues to export banned minerals they determined as well that north korea uses another mineral gold along with cash to entirely circumvent the formal financial sector so of course gold has always been a way to get around sanctions here it's being used to get around sanctions because it's fungible y

also in china. yes, there are sites that are blocked, more so in china than ,n russia, but nevertheless clever people find ways around those. i think, even the category of a state and the control a state can exercise, that is being challenged by technology. that is another factor of great importance. one other thing is, whether this president trump is a symptom or a cause of a shift in american thinking about world order, at least some of his statements have called into doubt two of the very important pillars in which the liberal order that the -- mainly,y created alliances. the issue has been raised. multilateral trade agreements, they were also an extremely important part of american policy. will there be a reaction to this? is this a symptom of longer-term change? the middle of change, you don't know what is transitory or long-term. i think those are issues we have to confront. , save foruestion is u.s. policy or for russian or chinese policy, what kind of world order do we want? what kinds of re

yes of course actually china. is acting extremely peaceful in its own region in the asia pacific it is being constantly provoke on several fronts and that is that the. trying to reach peace agreements like the philippines are being contaminated. even at the overthrow their governments there are of course north korea is sitting. between i mean there is a border with china and for russia and just imagine what interests of the west are if there is a so-called reunification of korea hostile the unification if there is a war and let's say north korea is going to collapse then the rest of the regime is going to or west of the empire is going to expand right to the border with both russia and especially with china so this took on the sort of big snow on the hitlist sort of being intimidated by the worst both china and russia the two allies . the north korea would actually be. the new. hostile power because it would become one of its kind of understood that if there is a unification of korea it would be like germany it wo

can america and china the trap. he examines the potential for conflict as china threatens to displace america on the world stage. m pleased to have graham alison. when did you first know that this was a subject that needed attention? > probably a decade ago, henry kissinger was my professor and a book that i published three, four years ago. these are i think two strategic thirst of our lifetime. and they kept reminding me about the soviet union and nuclear weapons, think about china. i started study china about 10 years ago and five years i stumbled on this idea, when a rising power threatens to displace a ruling power, bad things happen. and that as a lens helps you look through the daily noise and news to see a primary dynamic here and helps us recognize the dangers that are inherent in such a situation. charlie: this is "the financial times" from today. china's president makes his way to the podium in the great hall of the people in beijing to deliver an hour-long speech that warned that china's neighbors that th

whether this china or x china, that is the key issue in finding where the specific i is. on the whole, it is hard to pick one commodity you would expect to should do like how versus another, but finding disruptions for the producer, the commodities market and the equity market, the companies invested in making those commodities back on the market. manus: britney spears -- stand on the commodity currency? david bloom was saying in canada, i can understand the aggressive move in the canadian dollar because the rates market is an syncopation with the fx ratet, but what the markets and fx markets are telling you. kiwi and aussie, do they move with the same a correction -- aggression? tougher one, is a we wouldn't say the key framework for which we are looking at those assets in those countries, but at some point, the global recovery will have to bring along these countries that are producing the commodities and you would see a strengthening of those currencies at play, as well. manus: nandini ramakrishnan is a global strategist for j.p. morgan asset management. she is our gue

wants from china. does this open a wound with china, this intellectual property executive memorandum that the president is going to be signing today? kevin: the president is excited to announce later this afternoon that he is instructing bob lighthizer to investigate whether or not the chinese are illegally forcing u.s. businesses to hand over their intellectual property when they tried to do business in china. case,y find that is the there could be new tariffs or other economic measures imposed upon the chinese. what's interesting here is that north korea's top economic , and from thena of administration standpoint, they feel they have the ability to press the chinese to address the growing threat of nuclear weapons program in north korea on the issue of the economy. i want to dive into the numbers a little bit, because based on data from the global trade alert, in 2017, the u.s. has implemented 40 measures that are harmful to china, down from 57 iod for lastper year. we are slightly down from where w

selling to china. so, i actually think the demand is not growing, making it harder for the us to start cooling down the relationship. now it's china buying in the u.s. >> what would you recommend for u.s. companies wanting to get involved in china? we see bai-du, companies doing research in silicon valley, china coming in, start ups, all their manufacturing in shen zen. what can we do? >> two things to be wear of. chinese start ups have not done well outside of china, southeast asia. u.s. has done horribly in china as well. i think it's all of our building long-term relationships. we spent four years in china before we started doing real business. we spent time forging relationships, work with the government, et cetera. i think for u.s. companies selling into china right now, that's a massive market of chinese consumers wanting western goods. they want brands outside the normal ones. it's hot access to get that in china. t-mobile, et cetera. that's a massive opportunity. it is getting easier and easier

china. you know it's a major exporter it needs to keep its export markets open and. you know the china is going to be in india too you know these are these are vast economies and they're very important for exporting countries japan too is looking that at that very heavily so yeah the world is changing i don't know that the trump administration is . it's triggering that but i think it certainly. has have an accelerating impact on it right you mentioned the possibility of china blowing up so let's put that into the mix a little bit so you have these economies vying for global had gemini global superpower status and these economies are built on enormous debt the u.s. and china are really empires of debt the odd man out in that scenario would be germany of course world's biggest export or depending on how you calculate that sharing that title of china and then of course you have another country with virtually no debt whatsoever huge energy resources on the ascent allying with china and creating

if china started to behave ala teddy roosevelt, nobody we're simply say, that's just china being china. and it will be fine. when we are of the junior partners and they're the senior partners. relax, let's worry about russia. >> i agree. the brilliance of the british accommodation was that they first distinguished between what was vital for britain. they wanted wanted to keep their empire, including canada. the u.s. could have taken canada and teddy roosevelt was interested in british columbia, so he looked at that more than once and the british were aware that the u.s. looked at it more than once. but they noted what it vital and what is just vivid about which we can adjust to. they tolerated behavior that would otherwise be -- certainly crude and unreasonable and unfair but nonetheless they helped the americans to see that american interests, british interests were actually in terms of more support in there quite aligned and there was the cultural similarities you mentioned, and then, therefore, by the time world war i comes, the u.s. is the natural supply line for britain. brent wou

companies greater access domestically in china what about china's major financial institutions though stopping one one example stopping north korea from development of nuclear weapons could this state owned enterprises and banks like bank of china china national petroleum corp be on the receiving end of something like this a harsh approach. where they could do the us has not been a verse to stopping chinese institutions from acquiring. stakes in sectors of the american economy where there is a perceived by all national interest so we had that for a few years ago for example china's national oil refining company and you could easily see that again with north korea the chinese banks themselves are not as strongly embedded in the american pie national system as say the japanese banks were in the one nine hundred eighty so. i don't have quite the same amount of leverage but that's certainly another attack the attack the they could take down the road one of the first things a lot of americans think of when they think trade war with china are the cheap goods we get in the aisles in this cou

drawing investment and deals from global producers as well as chemical to battery manufacturers in china the top consumer doesn't know the historical perspective there is i think cogent you know that whale oil to hydrocarbon oil in the ground this is been the twentieth century this has been the rise of the american empire the rise of the automobile the rise of industry the rise of henry for the rise of banking but it's giving way to a new technology for energy battery technology and china is dominating that battery technology with their almost monopoly on things like lithium and so the question is is this going to define the decline of the american empire in the twenty first century and based on what you're saying there are looks to be the case because as energy goes so goes empire building and so the empire baton is being handed off to china based on this new energy source and development technology battery technology and of course i would also point out that china and russia are going. really strongly into crypto currency as well whereas america stuck in oil in america stuck in the pap

annual capacity callison lithium a joint venture between china's tanky lithium corporation and north carolina's alba corporation said in an e-mail the site first mined for tin from about eight hundred eighty eight already accounts for about thirty percent of global lithium production according to australian government tanky is also planning about five hundred seventy eight million dollars a processing plant expansion so china is controlling that right now they're doing the land grab while it can i think a lot of people on the in the west. you know you haven't really seen you know tesla is the most shorted company in america people have been mocking the notion that this will ever work in the meantime china spent expanding and betting big on this apparently but nobody seemed to know that until it's a bit too late now know of the elon musk classic american entrepreneur bucking the trend both being the naysayers looks like all the shorts are going to get squeezed a market capitalization heading toward one hundred billion dollars it's gonna like the same path that bezos took with amazon b

china stands opposed to any chaos on the peninsula. it won't help toward achieving the goal of denuclearization all regional stability. the deployment, it is seriously jeopardizing, undermining the security interest of all regional countries including china. they will further escalate tension on the peninsula making it more complicated. china also urges that relevant parties to hold its deployment purpose immediately. china also urges countries to stop the practice of resorting to their domestic legislations , imposing sanctions on individuals and entities and other countries. the realization of denuclearization of the peninsula and its lasting peace and security is in the interest of the party. we hope parties can, along with china players do roll and assume their share of responsibility to bringing the peninsula issue back to the right track of peaceful dialogue. thank you, mr. president. >> members must seek peaceful, diplomatic and political solutions. the council must seek to reduce tensions in this region. there is no other way.

essentially china's big three allied is a china southern, china eastern and air china. let's take a look at a graphic illustrating the size of each. they are asia's three largest airlines in terms of their fleet size and the sheer number of passengers they carry. china southern is the largest, carrying over 70 million passengers this year as ofjuly, with over 500 veins in the f. china eastern follows with 63 million passengers. —— 500 planes in the air. finally air china, which flew 57 million people with just a fleet size of 400 planes. you can imagine, with the sheer size of these airlines, you would think they would report fairly good profits. actually they have reported a fairly mixed bag. yesterday we saw decent earnings from china eastern, which saw its first half profit rise. that was really on the fact that they had a 1—off sale of a logistics unit. a stronger chinese currency, as well, the yuan. china southern recorded an 1196 the yuan. china southern recorded an 11% fall in first half profit, due to higherfuel 11% fall in first half profit, due to higher

-china trade. the president and ceo of cmm international and the wb trade representative lighthizer responsible for u.s. trade and investment relations with asia. robert, thank you so much for joining us. i want to just read for you -- we know there is so much at stake between the u.s. and china in terms of trade. i want to read to you a quote from the u.s. trade representative from earlier today, talking about this order signedesident trump about looking into ip violations, saying the united rates have faced a very serious problem. china industrial policies and other practices reportedly have forced the transfer of vital u.s. technology to chinese companies. case, why didn't they find something much more forceful than we saw today, robert? robert: the announcement we saw from the white house was really just a kickoff stage to broader, more detailed examinations, so the white house can decide which among the possible tools it has to deal with this issue they may use. so it was really the warm-up ca

>> i think china can do a lot more and i think china will do a lot more. we have trade with china. we lose hundreds of billions of dollars a year on trade with china. they know how i feel. it will not continue like that. if china happens us i feel a lot differently for trade, a lot different toward trade. our people of our country are saying, our allies are saying, i will tell you this, north korea better get their act together, or they will be in trouble like few nations ever have been in trouble with this world. thank you very much. we're going down to the other side and we will, we'll take a few more questions. okay? thank you. trish: well the president witness again warning north korea there, basically telling them if you continue on this path you will be in trouble like no other nation has been in trouble. things will happen to them, to their people like they never thought possible. back with buck sexton jam mill jaffer? do you think north korea is getting the message? >> that is difference between the prior president and frankly last 25 years of north korea policy they never

there is a difference between the military army of china and the old militaries of china. millions of the soldiers and officers have always shown their loyalty to the party. and they have been fighting, they have been overcoming difficulties under the leadership of the party. and, they have become an elite the capability to fight and to win. history of the army, the officers and shoulders often say, so long as we follow the party we will win victory. it has he come a feature of the solidified the strong bond between the people's army and the people. it also has formed the strong tol of the military army fight for the party and for the people. history shows us that the command should always command the military. it is fundamental. party ins we have the the people's army will have a greater election and we will have the might to move forward. the people's army will always abide by the role of the absolute leadership of the party. they will take this is the soul of the military and they will take it by the root which they will never abandon. situation they take the party bann

let's start here with china. what is china's role? >> pete: it's substantial. you have to escalate before you de-escalate. they have to come to the table based on shared interest. they want to agitate with north korea, if you don't want to create an overthrown regime, where does that point meet? i'm not sure. that's where the experts in the white house to determine, but you have to push that envelope because china is not interested and our interests, they are not our friend. they have their own ambitions and globally. they have a long future where their ascendant in america's descendant, thus a view of chinese leadership right now over a 50 year perspective. this is part of that game that they are playing and being decisive with them, standing strong, using trade as a lever will be key. >> sandra: julian's trying to jump in, dagan, to you first >> dagen: china hopes the north korean threat drives us out of northeast asia. there is so much more that we can do in terms of putting financial pressure on china and on north korea. what the sanctions over the weekend

states so imagine you've got china that kind of economic and military power right on your border china ice to go to school here as exchange student at she wore university which is kind of the mit of china and i went to school the north koreans china's been training north koreans for twenty years to go in there and eventually once the puppet regime falls china has many tree north koreans that will could take over the state in act as a puppet g.o.p. political blocking state against the west so the manchurian candidate in reverse they are exactly. all right but you think that. north korea. is instability is increasing and of course china is their vassal master the u.s. is within firing range and guam and south korea's real nervous so if north korea drops falls what's the first geopolitical second shoe to drop down. i think you'll see a chinese take over north korea i think there's an oil there i don't think i can see no there possibility plano the interesting thing here is yeah you got a crazy guy with nuclear weapons but in this situation we don't have mad we don't have mutually assured

think of china today, it is not china in 1969. when we think of russia today it is not rush of 1970. these are much more open societies are you yes, they are authoritarian. -- societies. yes, they are authoritarian. like it was very different -- now everyone has access to the internet. very high internet use in russia. also in china, yes, there are sites that are blocked. nevertheless, clever people find ways around those. i think, even the category of a state and the control a state can exercise, that is being challenged by technology. of greatnother factor importance. thisther thing is, whether president trump is a symptom or a cause of a shift in american thinking about world order. some of his statements have called into doubt two of the very important pillars in which was created.rder mainly, alliances. questions about nato and the commitment to south korea and japan. an issue has been raised. agreements, trade which is also an important part of american policy. you do not know if there will be toeaction to this area -- this.

well china said the clock's ticking started been two months now china will not negotiate till the indian troops of withdrawn so until we see that i don't think they'll be any negotiation but yeah we're getting dangerously close to a shooting war i think within within the next thirty days unless they would draw right so i understand china's you know got a lot of military hardware to bring to they bring to the table there's india got the military might to go up against china haven't really followed them too closely what's going on there now i mean chinese economies. twenty times roughly india's economy the military ten fifteen times the size of india much more technically advanced china has huge and you know indigenous military development projects projects. you know advanced fighter jets with stealth capability. you know cruise missiles so. i don't think anyone believes india is going to be able to go toe to toe with china on the military side. so hopefully that the get with with with hopefully the need troops would draw we go back to kind of a just a peaceful status quo they are fighting

, but how did mainland china big as compared to china? as a market for american goods. a lot of my american friends of said it must be 20, 30 times or 50 times. some people it say 100 times. let me tell you, last year we bought $26 billion from united states. mainland china only did 112 billion. so mainland china is a market for american goods is only 4.5 times the size of taiwan, even though that territorial fact is 255 times and population 58 times. that shows how big or how small taiwan is. that kind of strong fundamentals will be continued. now, let me tell you another figure which is also very impressive which is that even though we are ninth or tenth largest trading partner, last year are two-way trade total is 65.4 billion u.s. dollars. but this number is even smaller than our trade surplus with mainland china. our trade surplus with mainland china last year was $66.9 billion. keep in mind you are the largest trading power in the world, and you are trading with 229 countries and territories in the world. we are ninth largest out of

the real key here is china. what is china's action going to be, and how will the u.s. and china figure this out, at a time when there relations are fragile? meantime, north korea tensions have eased a bit earlier today, allowing investors to go back into the market. points,finishing up 57 the nasdaq higher by 3/10 of 1%. the s&p trading flat. this'll be a heavy data week in the u.s., ending with the jobs report. yvonne: that will be here for for thehat will be key fx and bond traders. equity futures back in the green. but we are losing a little steam. new zealand, risk appetite is holding for the nzx 50. we are up 1/10 of 1%. australia we see crude up, gasoline -- crude down, gasoline coast braces for a comeback from harvey. .7955 for the aussie, equity futures higher by 30 points. japan, we are in for a rebound. despite escalations intentions, see how we ended on the nikkei 225. we were still down 1/2 of 1%. dollar-yen we are back above 109, but seeing strength in the new comments from pyongyang today. retail sales this hour. could get more interesting as we saw house

and you wonder where china is. china is the peacemaker. china has the ability to rein in both sides. how far is this going to go? i worry that president trump is someone that will deliver on his words, that will turn around and say, i have had enough, i need to raise my poll ratings in america, i need to look strong, i need to deal with north korea, so the threat is not their long—term. korea, so the threat is not their long-term. and it is making countries incredibly nervous, includingjapan, countries incredibly nervous, including japan, they have put out this white paper citing a new level of threat. also concerns about china and its claims to the south china sea. china is not calm in this situation. in terms of its own defence mechanism and what is looking for. japan is rightly concerned. japan is on the side of the us. you would expect them to be together, pushing for a diplomatic solution. japan is being much, in its language than america is. but undoubtedly somebody, and i suspect it is someone not in the region, will have to emerg

to china. the question now moving forward on this is whether china will follow through and actually implement the sanctions. a senior state department official says the list of things that china could be doing is still much larger than the list of things china has done on this front to confront north korea. this is all part of what the secretary of state is doing in southeast asia right now, trying to get u.s. allies and adversaries to come on board and it really caught north korea off from the international finance system, from the world economy and get them to change behavior. officials are also saying that the case they are making to china is north korea is destabilizing the entire region and in the end, what china wants out of all of this is stability on the korean peninsula to ensure it can continue to grow economically and become more of a regional and world power. all of these things are coming together now, the secretary of state continues to travel the region, continues to tell differe

it's a new tone coming from china. a new reaction coming from china. ainsley: how did you get china and russia coming on board. >> i think with china we basically said enough talk. we're done. you have the ability to control 90% of their trade and you can't make excuses anymore. to their credit, they stepped up. we did some heavy negotiations. we got them there russia, i think they wanted to delay it initially. i don't think that's what they wanted, but we got them there. as long as they were there, that's what matters. steve: ambassador, on the front page of foxnews.com right now there is a story that apparently the intel community has picked up antiship cruise missiles were being loaded on to a patrol boat or patrol boats in north korea. what can you tell us about that? >> i can't. i can't talk about anything that's classified. and if that's in the newspaper that's a shame. but,. steve: have you no reason to believe that's not accurate though? >> i have no reason to comment on it. ainsley: that shouldn't be in the newspaper? is that another leak i gu

trish: let me talk about china. china may hold the key. china could do a whole lot more and china hasn't done much to influence north korea. if we make it clear to china we're not going to look the other way when they keep stealing our intellectual property, which is exactly what they do, or imprisoning our executives, so many executives have wound up in prison in china on drummed up charges, they counterfeit goods to the tune of hundreds of billions of dollars a year, yeah, this isn't going to fly anymore, will that in part influence them in a way that they will go after north korea and tell him to go, you can't do this. >> you understand this china dynamic better than many in public life. we've seen the largest transfer of wealth in world history outside of the middle east. that is the wealth of america going to china. it happened under three presidents and it happened principally under the clintons and the bushes. so when donald trump -- trish: talking about u.s. treasurys, the fact they hold so much of our debt? >> and the wto, getting

china the trade goes to and a lot of financing and loans go to china. oncan tighten down territorial sanctions with and say that chinese banks cannot operate and we will not let them do anything with the united states if the chinese bank helps north korea, but that is a drastic sanction and you have to, if you put a , andf economic sanctions the united states is the premier user of economic sanctions because we feel any problem in the world is ours to solve, it marketnes your own free and your reliability as a trading partner if you are continuously saying this political issue and this political issue, we have got put sanctions on it. away --ay we will shied shy away from trading with you. on,ime you put sanctions you have to recognize the larger issue. i do not think our president does enough of that. john, louisiana republican line. caller: unlike those in a think tank, i spent 25 years in your command whose business was to engage in global nuclear war. and ballisticad missiles, land-based plastic missiles. i was in the aircraft business. that is when

military to china is a very border china would in this word. take actions to prevent that from happening china did not say it would take military actions against south korea or the u.s. ok so that's very important distinction to be made that it's not necessarily a military course of action so is it in china's interest though to keep kim jong un and power because many observers argue that a level of destabilization along that peninsula will ensure the type of growth that we've seen across china for the past twenty years what do you think of that well first of all i think here in washington the washington establishment. and also the us establishment media are saying that. blaming china for not doing enough with north korea but this really a myth because how can washington expect china to how advance america's security interests when washington keeps patrolling the south china sea regularly keeps selling arms to taiwan and keeps much of its cold war forward deployment military architecture change but in spite of that china did do quite a lot more

china inc. looking financially healthier, and set to grow in 2017 at the fastest pace in seven years. we are looking to those chinese mending rates. rishaad: absolutely. thank you for that. right, let's find out what is going on first word wise. , president trump has described the flooding in and said the government response will serve as a model for future disaster recovery. looting prompted authorities to impose a curfew from midnight to 5:00 a.m. harvey brought the heaviest recorded downpour in u.s. history. billions range from $24 to $100 billion. meanwhile, the storm has paralyzed mumbai. it forced the closure of a train network which carries 8 million people each day. whether forecasters predict more of the same today. trading on the stock and bond markets was also affected. , while theell 1.2% rupee weakened slightly against the dollar. cooperatingt is with u.s. investigators looking into whether employees who violated the foreign corrupt act, using bribes to win a retain business. the co

look no further than the island china has built in the south china sea. to stake its claim their oror their expansion into africa. where they just constructed their first overseas militaryrs base in djibouti. or what about the theft of intellectual property, and other trade violation? since joining the wto, china hah flouted every rule that exists, devastating american manufacturing and mildlye distorting the marketplace. so don't you think we shoulding spend less time attacking russia and acting like we are living in the 1985, you know, the film "red dawn," and maybe spend some time thinking about what happened to our own freedom and prosperity if, someday soon,happ china supplants the u.s. as the world's dominant economic and military power.ç it is time to face the hard facts.wo the only country that can change north korea's behavior is chinaf and until we get more leveragea over china, our ability to change the dynamic withover north korea will be extremely limited.ely patrick granfield is a lecturer at georgetown university and served as a speechwri

china wants to be accepted as china and not as an honorary member of the west. charlie: what does that mean because many people will argue with you that china doesn't have global ambitions. it is not an imperialistic power. not in its history or its intent. imperialistic power. graham: there are two coup points. with respect to its ambitions for the time being, it's right to say they would like to be the predominant power in the western pacific, which means not seeing the u.s. navy as the arbiter of events in the south china sea determining who should be building an island or owns an island. they look like teddy roosevelt looked at the caribbean. charlie: other people claiming parts of those islands are not the united states. it is its neighbors. graham: we are not claiming. but we are claiming we have a say in what's going on. when the british and germans wanted to have a say in a territorial dispute in venezuela roosevelt said, either , have a war with us or butt out. in our hemisphere we thought we should be determined how these things are adjusted. from thei

it takes on china's cheating. and it puts in and to rewarding companies with tax cuts for shipping jobs and factories overseas. we would also put in place stronger buy america requirements for all taxpayer-funded projects. i have written buy america legislation because i strongly believe american workers should build our infrastructure with american products, and taxpayers' money should not be spent on iron and steel from foreign countries, like china and russia. my buy america reform passed the senate last year with bipartisan support. but when it got to the house, foreign steel companies bought washington lobbyists to kill it. speaker ryan and majority leader mcconnell gave them what they wanted, and american workers were left behind again. in april, president trump came to wisconsin and announced his support for my buy america legislation. the congressional republican leadership continues to stand in the way. america and their workers deserve a solid commitment from us on a strong buy america standard that rewa

by china, china has enabled north korea and more. it's unsustainable without china. north korea could not last a week without the support of china, and by the way, how do you think they were able to build nuclear arsenal, it was because of china. they've used it as a when and now getting out of control, we should drop this at their doorstep. china could stop this in a minute if they wanted. to this editorial, if anything, shows china's true color. we must put all of our pressure on china. cheryl: we should say the migrant labor, the supply of migrant labor it's a big part of the chinese economy, another piece to this, steve, at the end of the day, this is president trump coming out and saying that he maybe wasn't strong enough in words with north korea. is his audience north korea, steve, or is it chinese? >> the audience is chinese and we all well know that the chinese they want to be the big boy on the block, they want to be the regional controller there. and i have to tell you north korea is not only sticking their finger at the u

it shows china's experts by country. that is a predominant export country for china. even though we are seeing tensions ratchet up and pulled back, they will match up again and we're talking about steel tariffs, how likely are we going to see that? how likely will we see these tensions ratchet up even further than what we will look like? term, chinae near will still elevate. it will be finished in the next six months. on the potential u.s.-china me,e relation, i think for we know it is a risk, it is very hard to withstand probability. i focus more on the side in china because i think this will be the market china driver for the next six months. >> i want to ask you about the data for tomorrow as well. cpi and ppi -- it seemed to fade a little bit. i remember suggesting that it could be coming back a little bit. this is what we see for the world economy. you can see the ppi ask a pick up. prizes are picking up, i will still say it is a big trend. peaked andat the ppi they will slowdown. we will see some pickup and some slowdown during the process. in the big picture, i

dangle a carrot for china. campaign hee pledged to label china a currency manipulator and we saw in april he backed down from that. he said he got cooperation from president. economic policy is being tied to foreign policy. david: how radical change is that? that notion of using trade as a weapon. is this something we haven't seen in a while in the u.s.? it doesn'the issues address and that previous administrations have done is that there are some big issues to deal with with china. thee's overcapacity in steel industry. there's market access that american companies would love to have into chinese markets. there is an issue of ip violations whether it's trade theft or other things that happen slowly. you have to work on these issues. andhave to have discussions make some progress. something reward is at least publicly we don't see very often. there was that dialogue in washington just a few weeks ago. and economic dialogue in which we didn't get a plan forward for more talks, more conversations about this. has

if we have the capacity to stop retaliation by china, china is very exposed. they trigger an alert they had to build nuclear weapons. the essence is to be able to hit back. i looked into this. they are claiming a minor modification. i'm a sociologist. [inaudible] they say you know, it's in their neighborhood. now, you see why we don't have these batteries. here's the deal. you can tell china if you don't have nuclear weapons, there's no reason so here's the beginning of a deal. second, before we commit ourselves not to move our troops , an argument can be made that it's time to take our troops home. there are other things, one of the things is that we have a country gaining intelligence up and down the china coast practically daily. i don't know what's that important to them, but there's something that aggravates them and the intelligence we connect is rather limited. you need to know where every unit is. for the long run. [inaudible] if need be, one more thing, what we want from china. [inaudible] i would consider declaring. [inaudible] they argue about was i

the toughest on north korea that recently passed and that could only happen with china's assent china had vetoed it it would have stopped the dead in its tracks and china decided not to veto that there have been some things that china can do it is doing and just did and i think that you know one way of looking at this is a say well what effect will this have on the north koreans of course we should underestimate the resilience of the north korean leadership that where the economy is tanked in the past and its people have suffered terrible hardship that hasn't stopped the regime from following through on its weapons plans and continuing on with its militarization plans and so you know. this is difficult situation there is no easy fix i think that the shop of ministration seems to think if they talk very tough threaten fury and other types of things and and then have some big. time and just listen about them on others because i just have to interject that i do apologize been interesting to your thoughts on this story they appreciate it tom brooks professor of law and government durham u

and india is actually about to suck that china is building and the rise of yeah go ahead yet china i mean china has put in one hundred sixty billion asian and infrastructure bank these central asian countries russia has lost the influence china is now there are both of our biter of power in central asia go to kazakhstan you go to down all of these countries are now dependent on chinese economic power they're coming in they're building rail they're building power plants roads bridges this is all about expanding china into europe so they're. basically the one built one road ends in a lot of eastern european countries there china's billy high speed rail between serbia in romania so not only is washington d.c. asleep at the wheel but so is berlin when he says europe now wants infrastructure investment they go to beijing they don't go to berlin so this going to be able to one bill one road it serves a few purposes number one it gets it stops any foreign country i united states blocking chinese oil imports down in the straits of malacca near singapore they've got another transportation row