dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian auto teller tarion rigor that we need to have more transparency of our accountability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong very quickly please could almost at a time we see this. and it dictation that the general continuous nine policy towards hong kong there's no tolerance of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook page t

autos going in to china while u.s. only levies a two point five percent tariff although we do have a twenty five percent tariff coming in for chinese pickup trucks but how do you see this all working out i mean all of those are a big deal you talk about jobs both in china and here it's really important what he thinks going to happen. well let's back up for a moment now at this point china makes more cars than the e.u. the usa and japan combined it's roughly twenty six percent of the global car market and at this point we're also seeing that the quality gap between american made or imported cars and domestic chinese cars is being eroded and the chinese leadership is essentially at the point where they're saying that look ok that if if you know some high tech billionaire in china he wants to import a cadillac that's made in michigan he can afford to pay more for it this is a luxury thing but mastic lee that they should be utilizing the domestic car manufacturers there's a lot of different car manufacturers in china you'v

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the us which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are to two. trade experts alex mahela vetch in toronto and caleb walton in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent h

haslinda: qc retaliation from the likes of china? china in particular? is the i would say chinese government has proven itself to be an extremely savvy, astute operator. for whatever they do, i expected wide,very astute, very and very clever. that is the world we live in these days. these sorts of things tend to grab the headlines. there's more fundamental and the story things happening, like the continuing rise of hundreds of people in china, india, southeast asia into what we call the global middle class. regional and international tourism is moving. international tourism is growing at twice the rate of the global economy. technology, so those are much bigger and more with no lesser old-lineut so-called industries like steel and aluminum, these days, we have much bigger things going on in technology, internet, and towards the lifestyle. haslinda: you're talking about china. we see an excel region of china's investments into indonesia. do you see that taking even more yes, it short. haslinda: can you quantify that china has gone from, five years ago, be

what is china likely to do? think china's response to any sort of hawkish confrontational actions from .rump on multiple fronts i think china can use more diplomacy and dialogue. that's why they have sent two high-ranking officials to the u.s. to discuss these matters. china can provide more reciprocation as trump wanted come in terms of energy trade. i think petrochina will raise their u.s. energy import this year by 80%. and china can open up its the mystic market and financial system more open to the u.s.. this is the area that in the u.s. firms do have a competitive advantage. i think retaliation in terms of putting tariffs on the china -- the china would consider. haslinda: of course, we have the mpc meeting right now. we have xi jinping in power indefinitely. some are saying that, in the short term, that is great. there will be stability. but in the long run, it is open to policy mistakes. >> if you look at what xi jinping wants to achieve for china come in terms of realizing the china dream, and a lot of

china says kim jong-un had visited china march 25 to 28, and met with president xi. arriving andng-un departing on that train after meeting with china's president, xi jinping. we have been talking with stephen engle over the past few days, we probably would not get confirmation until after this visit. it looks like that is the case. yvonne: it goes to show the improvement in their relations between china and north korea. is getting pyongyang serious about improving relations with the rest of the world, especially ahead of that summit with president trump in may. betty: making a tour with his counterparts. rio tinto officially out of the a billion dollar deal to sell its remaining mines in the past week. paul allen with more on the story of rio tinto. they reached the end of a long road here. that is right, it has been about five years in the making. it came to an end this week with an agreement to sell the kestrel project in queensland to a private equity firm, emr capital. project.lion for that it follows a deal where hail creek and valencia were sold to glencore. g

well, china knows this, but china's not a free and open society. to achieve the kind of gains and advancements in technology and in biomedical science and in so many other things, they have to steal what we do. sometimes by buying our companies. sometimes by cyber theft. sometimes by just these joint ventures, and they tell american firms you can only come to china if you give away your intellectual property. so china's taking huge advantage of us. intellectual property is the lifeblood of emerging industries and the good-paying jobs they provide. the american advantage of intellectual property is one of the main things that will keep us number one economically in this century, but not if we allow it to be stolen and taken advantage of, and the country that does that more than any other is china. intellectual property is the lifeblood, as i said, of emerging industries and the good-paying jobs they provide, so it's impossible to overstate the cost of i.p. theft to our economy and our workers. this sentence pains me. i think about it often. general

-china ties. it will be a tricky conversation he will have to have with his colleagues in washington given that tensions are being exacerbated. it does have experience politically. the premier will get a second term. there.rise certainly a less powerful position that his predecessor. once, that was xi jinping. we will get additional confirmations, likely some -- the finance minister in some military posts as well. it will wrap up tomorrow. . -- tamara. -- tomorrow. david: thank you. backtracking on economic dialogue with china. japan is a market where fundamentals seem to be going out the window. the mismatch between shares and earnings. this is bloomberg. ♪ votes to relax david: this is daybreak asia. betty: we have breaking news right now. more on the mueller investigation. a reiteration of what we have been hearing from the white house. tire, commenting in any mail statement that the white house is not considering or discussing robert mueller. white house not discussing or considering firing

crackdown on china the barriers to chinese exports are supposed to protect american security and jobs but investors are seeing the start of a trade war. and this trendy watch company in detroit is key for the city's economic revival but it can't do without parts from you guessed it china. and some for business on the w m how you got to guess welcome to the program china said it is preparing tariffs on american imports in response to u.s. penalties on steel and aluminum the take effect today chinese officials vowed to defend against an even larger number of tariffs signed by president donald trump global markets are already worried china could hit everything from american pork and apples to steel pipes its commerce ministry said it encouraged trump to negotiate but gave no deadline trump has demanded reciprocity in trade and is threatening tariffs on up to sixty three arab misjudge the situation and underestimate our ability to defend our legitimate interests they've also underestimated the price they'll have to pay for their reckless behaviors. business leaders are warning that a full

is a sense in china that china can go forward even more strongly. the ways in which it wants to project power. this isjust an extension. the question is, what are the internal views of this shift? there are some in the civil society of china who are upset with this but i've talked to a good number of people in china who are not upset with this. they kind of like it. it's an opportunity for china to be stronger and an opportunity for their businesses to proceed in a stronger way. what about relations with united states? it's kind of interesting. president xi has gone a bit more solo and president trump has gone a bit more solo but there isa has gone a bit more solo but there is a big difference between the two of them. president xi is very experienced, a deep reservoir of expertise behind him. president trump doesn't have a lot of expertise, he is inexperienced. you'll find this development in china really will more starkly set up china really will more starkly set up some of the differences between oui’ up some of the differences between our two c

china is rapacious. if we don't stop china, america will be a weaker place with fewer good-paying jobs, with less wealth, less strength, and we probably won't stay the greatest country in the world, although we deserve to because we play by the rules. so president trump has identified the right opponent, china. much better than both the obama and bush administrations did. both democrats and republicans have been blind to this issue, and trump isn't. good. but i would say to you, mr. president, don't swing blindly and wildly at our foe, china. establish a well-placed jab at china. set them back. let them know we mean business. president trump ought to rethink his plan so it actually achieves what he says he wants it to achieve. u.s. steel and aluminum workers have been battle be heavily subsidized products from china for decades. i know. i have newcorp in my state in auburn and chimung county. inial aluminum, i have alcoa in my state. our steel and aluminum workers deserve a more level playing field again

and china? are we on the verge of a trade war we'll talk with peter navarro up next live right here as we look ahead on sunday morning futures we'll be right back. [thud] [screaming & crying] ♪ [screaming & crying] ♪ [screaming & crying] [phone ping] with esurance photo claims, you could have money for repairs within a day... wow! that was really fast. huh. ...so it doesn't have to hurt for long. hmm. that's insurance for the modern world. esurance. an allstate company. click or call. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. maria: welcome back trade fears rocking stock prices after president trump announce

and china subsectors. what we see is insurance has sold off results because the outlook for 2018 isn't so great. and our insurance analyst thinks that 2017 was a good year but 2018 is a little more potential regulation. you've got the insurance regulators combining with the regulators, thebacks may have a bit better time than insurance. all these things are being factored into the 2018 outlook. are a ar the banks little more resilient than people think. n.p.o.'s ok. capital depending on the banks here and there, some are better, some are not so great. so we -- we maybe have surprisingly a better year for banks than for insurance on a year-over-year comparison basis. haidi: when diyou mentioned the merging of two regulators. i wonder about your view on the elevation to the top post at the p.o.c. is this hawkish? he's the one who steered them in the shadow banking crackdown, does his appointment mean we're going to get another step up in leveraging and does that translate either directly or indirectly to fin

how reliant are they on china? >> china is a huge market for boeing. they put out these long-term market updates, 20 your forecast with a look at the market. china figures as the most twortant market, about replace the u.s. is the biggest travel market. they are traveling locally and internationally. this is a market they can't afford to lose. francine: the population in china was 1.4 billion. how big is the aviation market in china? >> we are expecting china will lead 6000 new aircraft in the next two decades. that's huge outflow from factories in europe and the u.s.. we saw this when trump was in china. he announced a big order for 300 aircraft. smaller aircraft, but also some wide bodies. this is where the growth is coming from. globally, china plays an important role. a lot of areas of growth have dried up. the middle east is not that engine anymore. europe is done with its replacements. growth in the u.s. is not as it used to be. china is where the action is. they produce locally. they have a leg up on boeing. that is not something they will be ke

china -- u.s. china has been on the outside. it will not be lost on the chinese side that president xi jinping -- those three countries will be the only ones to have not met with kim jong-un. remember, china fought alongside north korea in the korean war and it has had a historical relationship with china. china will want to get involved and be able to influence and shape the negotiations as they proceed. in terms of the location, i do not think north korea will want it in china. they will want to be seen as doing this on their own and not under pressure from the chinese. the demilitarized zone is a place. left withn had never korea since becoming the leader of north korea. i do not think you will be willing to travel outside north korea for this reading. -- this meeting. haidi: what is beijing's angle on all of this? clearly what the chinese want is a much more stable situation. in the short-term, they will get that if the talks continue and the missiles are not been tested, and nuclear devices by the north are not tested. you

is that a concern for china? claire: to china it is a trade surplus. yvonne: a trade deficit for this month. claire: oh, for this month. it is not a concern because we think it might be temporary. yvonne: due to seasonal distortion? claire: yes. chinese new year. yvonne: we saw a sizable drop or the month. is the reason to believe this is more than seasonable? claire: we have to be a little more careful because of the -- it's better to look at it pboc number to see the reserve. it's largely stable over the year. yvonne: claire, thank you. jetties conglomerate dan tower group is not concerned by trade tensions between the u.s. and china. said he will continue to look for assets in the u.s. concerned.ot two big powers like china and the u.s. should be partners in a trade war will not take place. the two countries need each other, i think. >> do you expect to face more hurdles in the u.s. market? does it make the u.s. market less attractive to you? >> so far i have not felt so. >> they are looking at giving and thatore power could potentially impact compa

argument that china does treat -- that china does cheat on trade? >> we have an alliance with the united states, which does well beyond our economic relationship have startedly we to build a relationship with china and we will continue to try to pursue both of those relationships. well, there is plenty more ahead. li, set toing on speak in china, alongside his giving us amieres, look at what the economic five print and blueprint will be. rishaad: this is bloomberg markets asia. i am haidi lun. rishaad: i am rishaad salamat. the weinstein company has filed for chapter 11 bankruptcy, protected in the court of delaware. of two $1bilities of billion the company could have founded. be purchasedll under a so-called stocking fourth deal. nondisclosure agreements have not ended. rishaad: united technologies ceo greg kane planning his retirement, but not until he has completed the company's $23 billion buyout rockwell collins. ofhe discussed his measure the magazine. he rejuvenated the company by investing in the politics -- with new products. and we were go

rishaad: china does not want to see instability, hence why -- tim: china, i think china wants to see a stable and strong europe. brexit was a little shocked to them. there are populist pressures in other countries. europe might be strong enough to pull through this, which i think is what the chinese are hoping. this is an important partnership. not something brought up in the national people's congress. tim: not specifically, but what we have seen from xi jinping, they will be some rhetoric about greater opening in the chinese economy. we after the party congress, greater stakes in financial businesses and so on. there may some more measures along those lines that would fit. rishaad: let's look at the way china needs the eu, and vice versa, if we have this world going into a more protectionist phase, given what donald trump is doing with steel and aluminum just being the first salvo in a trade spat, hoping it is not a trade war. tim: since trump's announcement, eu and china again have been aligned on something in response to a u.s. position. we saw that previously on climate change,

ambassador to china. david solomon has been named as a sole president and ceo of goldman sachs, the heir apparent to lloyd blankfein. whether wall street is happy. ♪ david: as we wait for the 10-year treasury auction, let's check on the markets right now with abigail doolittle. abigail: interesting trading action happening today. the industrial average is down about half a percent. there is a difference of about 1%. the industrial sector is weak today, while tech is going strong. the s&p 500 index, right in the middle. investors are consolidating those gains. is at a another record high on the day. the biggest streak since october of last year. industrialhat weakness, let's take a look at the gains weighing in on the dow. some of this could have to do with the fact that investors are digesting the 10% aluminum tariff, 25% yield terra, -- y ield tariff. names.a rally for these gains were given back to some degree. all the stocks affected by the tariffs are up slightly, except for boeing. 10-year, $21 bil

in china. this is bloomberg. ♪ betty: this is "daybreak asia." i am betty liu in new york. yvonne: i am yvonne man in washington. turning up the heat on china, trump calling for tariffs and restrictions on china. let's get the tom mackenzie. he has the story from beijing. good to see you. president trump slapping tariffs on steel and aluminum, he did mention this is not the only stop, the next seeming to target intellectual property. tom: this is the stage where it becomes concerning for china, they don't need to be too concerned about the metals tariff. but in terms of broader tariffs on a broader range of sectors, yes, that is going to get china's attention. politico say they have three sources who told them trump was presented by robert lighthizer, representative, with a package of tariffs worth of 30 billion u.s. dollars a year on chinese imports. trump said the amount is not high enough. lighthizer has long been a china hawk, he will go out and come back with a higher package. the offici

demands will be which will help china will because. it's a visit that would have seemed unimaginable just a few months ago where north korea was ignoring chinese appeals for restraint at an exhibition showcasing some of china's technological achievements the message appeared to be we can help you with all of this if you behave. china's leaders are fond of metaphors that are lavish banquet she told his guest that in the beautiful season of spring everything comes to life kim replied i believe our meeting will yield abundant fruit that could mean making good on his commitment to give up nuclear weapons the fruits of spring were apparent in the garden of the state guesthouse where friendship also seemed to blossom she accepted an invitation to visit north korea and told him he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing. well china and north korea have a mutual defense treaty signed decades ago but chinese leaders have tried to convince their neighbors to stop developing nuclear bombs the chine

and china. haidi: that was the singapore economic development board chairman speaking to haslinda amin. -- onature to bloomberg bloomberg to bring to retention is tv . it to watch us-- live our catch up on previous interviews you might have missed out on and do a deep dive into the securities were bloomberg functions we talk about. you can also join in on the conversation and send us instant messages, questions for our guests. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ rishaad: haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. rishaad: i am rishaad salamat. the business flash headlines. , squaringook at apple up to google in education, a market it helped to pioneer, but it has allowed to languish and is releasing a new ipad for students that targets google's chrome book laptop as they have become popular in schools. what about pricing? for students and teachers. meanwhile, others can buy it for $329. apple introduced a new servic

and they said that's swallowed china. first, swallow korea and then china. he thought he would tell them about japan's advantage about where japan had to be to defend itself and not let other powers dominate china and the navy, historically has generally been more aligned to britain and america, the maritime powers with one very important exception, in world war ii. just as the u.s. has shifted this maritime to view, so has japan. war, in what is called in 1955 system, the liberal democratic party, the mainstream was, especially after with in the relations china, the mainstream was about china. to had to maintain a balance because it's china than the u.s. is. when they collapsed, that mainstream view flipped. tom the prime minister today, every japanese prime minister was called the anti-mainstream. that is much more pro-taiwan were maritime. taiwan, before the view ofion, japan was pretty positive but with democratization, the dpp has kind of aligned a bit with this maritime view. i was curious to go into thousand 61 i left them and was a private citizen. i

china is enforcing sanctions. although there's a lot of evasion, i think they're doing a lot more than, say, russia in this case. >> thank you so much for joining us and your reaction to all of this. we've also got market rations going on. let's get to the author of "nuclear showdown." he also joins us on the phone. gourde, thanks for joining us. what do you make again of all this? >> i think there are a couple of things at play. first of all, the sanctions are starting to bite kim jong un. he's starting to realize that it's a good time to talk to president trump because things will probably get worse later on. also what's stunning is that president trump agreed to talk and agreed to do so by a certain date. or a certain month. and i think here what's going on, which normally you wouldn't do something like that, such a quick acceptance, i think what president trump is trying to do is to prevent a rift with the south korean president who very much wants these talks to go on. and moon, for his part, wants these talk

russia used to be china's big brother today it struggles to accept that china is superior and she's also mentally we're told of course china and russia are cooperating on military to raise for geopolitical reasons but the new silk road has little support in russia because russia has its own eurasian project and with the shah she's a housing hero yeah and if you find any of these. groups you look at all stalin for putin as for stalin before him military strength is the primary factor position but that's just not enough in today's world and if acutely you need an efficient economy technology science if you were to work with putin's russia it has none of that in the cosmic stan and his backers stan are already turning towards china while trying to maintain a balance but russia's all talk with leaders go order china has the money all russia has is memories who glorious past it was when the overly copple for. people like to come to the bridge of orenburg to enjoy the sunset looking west towards europe but many confess that they're looking the other way more and more often. at this moment as i

and china. this is a really big risk, and a bigger issue than monetary policy tightening for markets at the moment. rishaad: what are they paying attention to? the monetary policy side of things or the looming possibility of these tariff clouds on the horizon? mark: i think that the fact that it was jerome powell's first press conference and his first meeting, and therefore, everyone is really focused on whether there would be a complete change , this is where he lays the groundwork for what kind of charity. there is an awful lot of focus. and an ordinance amount of focus -- an inordinate amount of focus. it was not that big of an event. people have not really been focusing on the trade risks. i think that we will get more of a shift for trade risks. it is only in the next 24 hours that we are expected to see trump signed these new targeted tariffs into action. soon after, we expect to see the china reaction. very quickly now, we will move on from focusing on the u.s. fed policy and seeing that

and china. u. >> but is raising tariffs even higher the way to do this, though >> i think there needs to be a negotiated arrangement between the two countries. and i think it's important to note that most of the types of things that are being discussed from the u.s. side, can be delayed in terms of their implementation and hopefully will be. because i think there's a need for the two countries to basically normalize. their relationships. and you can't do it on a three-to-one difference. and so, i anticipate rational people will be able to come to a really good solution which would be good for both countries >> some people describe you as president trump's china whisperer. i'm sure you've read some of the stories, right based on your relationship with the president, what you know, possibly the recent conversations you've had with him, can you take us into his mind right now, what is he thinking with regards to u.s./china >> well, if i knew completely, i wouldn't share it on global television >> i

and china. we just had the news out a few moments ago about president trump citing -- signing this tariff against china tomorrow. how big of a concern is this for investors? patrick: i think it is a massive concern. a lot of investors have their head in the sand's. they are hoping that it will not be delivered. i already heard an investor saying, maybe he will only pretend to sign it. he is certainly waiting for the last moment. people are very hopeful here. i think the fact is, china said they will reciprocate. this is a very negative sign for markets. when does this take for tech and. -- end. do we think that time -- trump would just let that go? i do not think it is fully priced. very quickly we will see this start to dominate the whole fed story and the fed story maybe forgotten about by tomorrow. david: in fact, i was going to put those things together and asked what you thought? many of our guests have pointed out that a quicker pace of tightening is the biggest risk for markets. thinkhis

you can attribute the good news that they are perhaps talking to china, so what's your take on china's involvement? >> well basically china's jived us for 25 years, they've said repeatedly they don't want north korea with nuclear weapons and done precious little to change that. they could eliminate kim jong-un 's regime very easily. i think frankly, it's in china's own national interest to see the korean peninsula reunited. i think we should be having talks on that i wish we had started a long time ago but i think it's time to tell china when we say we want denuclearization we mean we want it now and let's be clear that the difference between our current situation and prior diplomatic efforts is technological. north korea is very close to accomplishing what its been after. cia director mike pompeo used the phrase recently they're a handful of months away so elaborate diplomatic negotiating , toughening sanctions isn't going to do the trick. maria: you raise an interesting point i want to ask you about iran and how it fits in here but let me stay on this because just heard from the majo

or china? one would assume it would be the u.s., because it is the bigger economy and has the deficit and needs to eliminate it. i think it does come to a question of whether we move beyond this stage, sound and fury signifying nothing, to a trade war in earnest. nothing is happening despite the moves we are seeing. if it does come to something in earnest, the u.s. may be overestimating its strength. ,f you look at the categories american imports from china are largely consumer goods, computers, clothing, mobile phones. they are very dependent on china. typically more than 30% of american imports. these are important--- import-dependent. what will probably happen, is a push-up prices on domestic consumers. if you go the other direction, chinese imports from the u.s. -- soybeans has in one example, aerospace, things they do not directly affect consumers. on one side we have a dictatorship, and on the other, a democracy, one that is very solicitous of the views of businesses. they will be a lot w

and maintain a balance by close ties to china. always be closer to china than the u.s. is. when the ldp collapsed, that mainstream view flipped. and from prime minister to today, every japanese prime minister has been what once was called the anti-mainstream which was more pro-taiwan, more maritime. and so you've had this flip. in taiwan, which mike will know much better, before democracy, the view of japan was pretty positive. but with the dpp, with democracy, the dpp has aligned quite a bit with this maritime view. when i was in the nsc i could not go to the shrine for obvious reasons so i was curious to go in 2006 when i left the nsc and was a private citizen. i walked to the shrine and usually see the old imperial japanese rising sun flag. to my surprise when i walked in, there was a dpp flag flying. which proves the old adage the enemy of the enemy is my friend. the dpp on most issues is aligned with japan's opposition power, nuclear, power. on this one strategic questions, the dpp kind of aligns pretty well with abe. so, you have the u.s., japan, taiwan all kind of al

they bet wrong on china. they believed it was going to move incrementally to a more uralistic syem and a market economy, a much more open econ they are also saying that with this decision china moves from autocracy to dictatorship. how would you sum up the type of leadership we're about to see? >> i don't care what kind of title you call mr. xi or what kind of label you apply to china. all we want to look at is the policies president xi has been pursuing or the direction in which china is moving. if you look at the last 25 years for roughly about 10, 15 years china was more or less moving in the right direction. the society was opening up. the economy was becoming more liberalized, and engagement with the west. with the rest of the world was also moving in the right direction. you cannot say this about china for the last ten years or especially for the last five years when chinese society is becoming more closed. politics is much more repressive. foreign policy is creating a lot of tensions with the rest of t

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the u.s. which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two. trade experts alex mahela bichon toronto and caleb open in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent histor

of course it's all kind of a part of a strategy for trying to go against china's made in china twenty twenty five strategy now they're focused on improving their technology and automation robotics big data to future proof their manufacturing industry what trump doesn't like is that china is buying up country companies from abroad to take their know how back to china has blocked many of the technology deals that china wants to do in the u.s. but at the same with europe europe doesn't like it either so what trump is doing is perhaps a very harsh reaction but it's let's just say it's what other countries were thinking of as well then you enter breaking down the u.s. china trade dispute daniel thank you. meanwhile the u.s. congress voted early on friday to approve a one point three trillion dollar federal funding bill to avert another government shutdown the bill includes large increases in military and non-defense spending it now goes to the white house where president donald trump is expected to sign it into law the bill will keep federal agencies funded until the end of september so do

ambassador to china -- the china ambassador to the u.s. that they wanted to avoid a trade war but would not back down it one was initiated. china also said they will work through issues through the legal processes through the wto and they want to see dialogue to scale back these tensions. in terms of further pressure point, key is agriculture. there is about $140 billion worth of goods imported into china and that includes soybeans. that is another potential pressure point. clearly, china -- and we heard this throughout the congress from policymakers and leaders, they want to avoid a trade war and will take a measured approach for now. they've also said they will not back down if trump escalates this. yvonne: perhaps this is the warning shot from china, tom. do we get a sense of how far china is prepared to go? they have touted a list of other pressure points in the past that they could apply on the u.s. should they choose to. they would escalated if they were to switch boeing orders to something else or start targeting companies like inte

and do you see a contrast them with china ? then with china? very economically successful in the past 30 years without any elections. you are describing a world with too many elections to handle, which is economically unsuccessful. is that a contrast that you would recognise? this is something that the chinese government very much utilises in their rhetoric. look at the rest of the world, we used to look to america, the west, europe, for inspiration, but look at the endless elections, a lot of politics, and we need stability. we need a strong leader. we need to focus on economic... we are running out of time, butjust a quick word from everybody on what we come to the end of this programme, which is almost a look at the political model. who wants to go first? annalisa? certainly as an italian and looking at the italian model, there are serious doubts about how representative democracy has been serving the interests of the italian citizens. and there is more and more a reflection and debate about what has happened in china. as in, people admiring

would this be china? joe: i think that would probably be the way to go with china. trump made an offhand reference of what he called a reciprocal tax, which is basically a tariff on goods or particular products that are brought into the u.s. that faced tariffs when they are sold and made in the u.s. and sold another country. is one area where you can target china. that was with the solar panels and washing machines which he did previously. he could expand that and wants to expand that into other areas, although he was not specific and white house officials don't have any plan to roll out out. that may get more support from republicans in congress who are calling her a surgical action that is specifically targeted. ramy: what surprised me is elon musk at tesla said he agreed with donald trump on those 25% tariffs, especially because tariff is taxed so much in china. joe, thank you as always. first wrote news now with courtney collins. say u.k. sources doesn't anticipate a brexit deal , with generate a more realistic date, and the chief negotiator michelle barnier has

china is right. china needs the u.s. as much as it needs the u.s., but there is in beliefs.tion it is when both sides believe the situation is different that you get huge mistakes and things like trade wars. that is the first problem. problem sois a big to speak. and mnuchin going on, talking about this, the trade war, as you mentioned, there are talks going on between the u.s. side and the chinese side, but it was interesting to see william ferris' reaction to this. he is the chairman in beijing. this is what he said about any talks going on between the two sides. >> what i heard from many sources is the u.s. was not in many -- any mood to talk, and there it -- they are still not. i am not sure where these negotiations are going on, but i have heard nothing that there is communication going on. betty: brad, with the actions so far between the chinese side and the u.s. side, do they reveal there are in fact no talks going on? brad: presumably there are talks , but talks about what? ask right now is china will do less chr

china is considering some of the softer data that we got out from china, the manufacturing pmi data also in the mix. it seems the funds have been told to ensure they are not doing any big selling over this political event. it is always about trying to maintain an aura of stability during these events. haidi: tom, thank you so much. lots more to talk about, all about china. credit agricole's dariusz kowalczyk will be joining us later in the show. does it reflect the poor numbers we had yesterday, rish? rishaad: plus, our next guest expecting more volatility in chinese new economy stocks this year. we will be meeting ken wong next. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. rishaad: i'm rishaad salamat in hong kong, looking at the latest business flash headlines. noble group says it's very survival depends on a controversial restructuring plan -- its very survival depends on a controversial restructuring plan. had, quote, "no magic pill for investors facing a debt haircut." haidi: the operators of southeast asia's biggest gaming platform repor

think china right now, i china encourages commercials to buy your soybean. i don't think the government will do anything to attack the normal u.s. and china agricultural trade. tom: the president of cofco said that u.s. policies will make it difficult to invest in u.s. agriculture. david: thank you so much. japan.ove to we were talking about this earlier. anything negative the comes out of japan really ways on the dollar-you. we have a chart right -- dollar-yen. we have a chart right here. when you look at this and the red square, that's when we had a lot of the heavy news flow out of japan. it really weighed on dollar-yen. we haven't quite recovered to the pre-heavy news flow levels. haidi: just as we thought maybe we would not get pressure coming off after the dollar-yen on the optimism surrounding these free leader talks, let's talk about what is going on in japan and the broader vocations, broader and for abenomics and kurodanom ics. is this a huge and possibly more of a serious blow for shinzo abe than we could be expecting? >> shinzo abe has had an awf

that's how china rebuilt itself. the tremendous money that we've paid since the founding of the world trade organization, which has actually been a disaster for us, it's been very unfair to us. the arbitrations are very unfair. the judging has been very unfair. and knowingly we always have a minority and it's not fair. so we're talking to world trade. we're talking to nafta. we're talking to china. we're talking to european union. and i will say every single one of them wants to negotiate. and i believe that in many cases, maybe all cases we'll end up negotiating a deal. so we've spoken to china and we are in the midst of a very large negotiation. we'll see where it takes us, but in the meantime, we're sending a section 301 action. i'll be signing it right here right now. i'd like to ask bob lighthizer to say a few things about the 301 and where we are in that negotiation. we're doing things for this country that should have been done for many, many years. we've had this abuse by many other countries and groups of co