you've got china for interested in growing. roughly fifteen percent a year for four decades a large they both imports and exports. similar tennis let me look at your investment we do talk about you know european investors say that there have been increasing barriers you often refer to as a key influencer of xi jinping i'm wondering when you go back to beijing where you perhaps be recommending that he remove some of these economic barriers which make it difficult for european businesses operating actually each other just as the number of new policies is which are particularly good for foreign best including germany best that's why you have say b.m.w. expend the investment in china and soon with the assurance comes the audience they're going to set up a company in shanghai so they are responsive to these new changes of policies in china that is on one side and take a look for example at china in europe that we had today ten of ita you know be ousted as the as c.e.o. of the general bought excrete. rights than two years off to the

and clients of china. chinese finance is a reality and where it's delivering something of value to developing countries we will not convince them otherwise. chinese officials are sensitive to the backlash on the debt issue right now and now is the time to exploit that by seeking a change in policy and practice, not by drawing battle lines in developing words that are unlikely to hold, but by working with allies to pressure chinese officials in settings that matter to them. settings like the world bank, imf and the g20. thank you. >> thank you, mr. morris. miss segal. >> mr. chairman, mr. ranking member, thank you for the opportunity to contribute to today's discussion. i was asked to speak about the international monetary fund and also to address china's strategic approach to projecting economic power and influence globally. imf was for the international monetary system and does this by three principled activities. it monitors the development of its members through imf surveillance. and second loans to bal

human rights council bring to bear on china right now. it's a good question one which i think that perhaps so fewer people who are directly involved in the human rights community might feel the answer better than i am but taking a step back and looking at the current situation more broadly i think this is we live right now in a moment where it's easy to be quite cynical actually about the power of journalism about the power of academia about the power of human rights organizations to raise these issues and actually affect change on the ground especially in places like china which are seemingly very powerful and and a very immune to global criticism but i think that the situation that has been unfolding in syndrome actually is is breaking that mold to some extent it's really been the efforts of journalists places like al jazeera organizations like humans right human rights watch the work of a wide and growing network of scholars that have actually brought this crisis to global attention and i think that this is a policy actually there's a

china u.k.'s chancing or to china it's time for you. at the moment to terrorist mysterious the most important officer under her leadership i believe was out just like a terrorist to me said. you golden era hugh to be hung sed to a new level c. because russia and china are now considering cross border payment systems hundred billion dollars of trade in twenty. you don't think washington will be telling downing street even while you tell the business here it's really dangerous this because they're cutting out the dollar from international trade well i think they need ours or comes from apart from us maybe even support of these because they would like to see who powerful countries rights are only one powerful countries so just like a you many countries the as is reason why they want to create europe because out there was countries because the really maybe it's better to give up using dollars yeah of course backed by washington money and has quite a track record in. i think maybe you were alluding to that institution with respect to africa.

china's leading by far the way just google the you know china capital expenditure china cap ex and there are leading the way by far in semiconductor capital expenditure so investing in innovation investing in you know creating new products for the markets whereas our corporations are tending to. not invest in any new innovation but instead just handing it out to some oligarchs who are like ok this game is over for our economy let's just take as much as we can and live in a happy like retirement for us as china takes off they're also leading the way train is leading the way and oil refinery x. investment and also our telecoms where of course we have you know basically the telecoms have divided up this nation down to individual states or territories so you know it's usually just one telecom company that provides the internet internet infrastructure to an area that's your only option so what do you going to do if they if they have bad service you have to use them anyway. so i want to look at one story as well that ties with both of these in that trump's tariffs on china and his sanctions on

in the south china sea china has a position to what's taiwan. very different position so i think even if there was an agreement this weekend the relationship will be rocky and in times and i think we just have to jump in here though quickly just to explain like we're talking about this in sort of layman's terms the u.s. congress has been for years concerned about china's trading practices that it's not that donald trump woke up and dan said let's pick a fight with china this isn't a concern of members of congress and they've even articulated as recently as in a letter in the last week to the white house look at don't give in to china don't strike an agreement at the g twenty and less china and its predatory trade practices what do they mean by that intellectual property theft flooding the u.s. market with cheap goods these are things that the u.s. president the u.s. congress which rarely agrees they all agree that this is hurting the american consumer and could affect american prosperity long term right so i think that you're right there. in ter

china relationship. i think that it is no question, he is a driving force in how the trump administration is looking at its talks with china. no deal will get done without his hand. said, where i depart from grade is that china has offered a starting point. still --ard there is what we need is confidence building measures. need the u.s. to suspend further actions that would escalate tensions. there is a lot riding in the g20 meeting and argentina. we will see where that takes us. >> how favorable our confidence building measures for businesses? how long will it take until we get something concrete and a breakthrough? >> given the range of issues , we are being discussed know that the vice premier and secretary of treasury did have a talk last weekend. what we need is three things. first for china to come with meaningful market access in other kinds of openings to provide some confidence in the u.s. administration area. intellectual property and trade secrets and forced technology issues. on the other sid

i do think apple and other companies relied on china for -- reliant on china for the supply chain have a lot of opportunity to mitigate risk from tariffs. as it pertains specifically to the xs, with a higher average selling prices, they don't have to sell as many units to bear the fruits of a financial -- from a financial standpoint. brad: do you agree with that? this is not been a great season for apple. shares are down, suppliers are renting back production. -- ramping back production. a 10% tariff, perhaps apple can mitigate it somewhat but it cannot be good news for apple in the holiday season. >> absolutely not. i do not think this is good news for pretty much anyone. the consumer, apple, or the suppliers. the suppliers are already losing money on apple because they squeeze them so much. apple puts multiple suppliers -- apple plays multiple suppliers against each other to get the best prices. from that standpoint, they will mitigate the 10% tariffs if those come into effect so, but i do not think it matters. iphone is not selling as well as expected. we saw four apple suppliers ma

the people's republic of china led by government leaders in beijing and the republic of china that is capital in taipei china regards taiwan as a breakaway province and refuses to recognize its sovereignty the taiwanese have full diplomatic ties with only a few countries because beijing makes it impossible to have official relations with both taiwan is one of the world's leading producers of computer technology and has one of the wealthiest economies in asia. ok let's introduce our guest now and joining us from taipei via skype. legislator for the ruling democratic progressive policy the d.p.p. from beijing china tangan a china political analyst and also from taipei fabrizio member of the taiwan strategy research association at taiwan center for international strategic studies a very warm welcome to all of you teaching as we record this program the results are only just starting to come in but what are they indicating so far i think it's zero defeat for party my party and we realize that people are not happy about our performance for the past two years so we countries are that we need

or china. you see the beginnings of a bipolar, multipolar world, where there is no single globalization value, there are competing values. you look from the chinese when a view and they are talking about economic globalization, that is not the same thing as globalization. much.ne: thank you so us.tom king stays with keene will join me and we will talk about the midterms. markets are pretty much unchanged. this is bloomberg. ♪ francine: election day polls are opening in the u.s. in the most closely watched and most expensive midterms in recent memory. what will the results mean for the markets? shows avice president readiness to talk trade in singapore. the chief executive of exxon tells us that his business depends on free trade. >> our business is dependent on free trade. we are a big believer that economies are best served by having, open free and fair trade. any time you start putting restrictions on that, it has an impact on our business. good afternoon and good morning, wherever you are

and china. our part of the chinese government influence operation is globalist billionaires are putting full port court press on the white house to advance the g20 in argentina. the mission of unregistered foreign agents, that's what they are, they are unregistered foreign agents to pressure this president into some kind of deal now, two points have to be made abundantly clear about this. first of all president donald j. trump has done an incredible job, incredible job on trade. he has had the courage and wisdom to stand up to the globalist elites, to stand up to countries of the world that are engaging in unfair trade practice is nonreciprocal trade high tariffs, hide non-tariff barriers using the world, using the united states is the bank of the world and running up a trade deficit every year of over half a trillion dollars which is a pure transfer of wealth abroad. job factors in money. that's like a reverse more gig -- the mortgage on the country. donald j. trump is done an amazing job of ad

and china. >> thank you. let's bring in our next guest. i want to pick up on a point tom was making. which way after the midterms do you see president trump leaning on trade? will he be emboldened or double down? or will he weaken and maybe offer some concessions? >> i see the effect of the midterm election and the split result is neutral for trump. the fact that he did really well in ever called -- agricultural states suggests that he was not rebuked for pursuing the tariff first approach. i think his trajectory of using tariffs and threats of future tariffs to extract concessions from the chinese is probably going to continue. the fact the democrats now control the house also means that has broader global trade is going to face some headwinds. when you look at the leadership of the big committees in the house, these are people who have supported trade agreements before. i think trump will focus on his global trade agenda. try to get nafta through the which supports his china strategy. i see hi

-- china -- japan has picked significant -- has significant exposure to china. we think china will grow strong forever. it is not. as we see signs of it, it is starting to affect global trade. that was always the case, structural slowdowns for china before the trade war exacerbated the negative sentiment. i'm wondering about how flexible supply chain relocation is around this part of the world. is there an argument to say there are companies because of the trade war uncertainties but also rising costs in china, they are rearranging their supply chain to come out of vietnam or pakistan? do expect to see reallocation and that dynamic change here? not seamless. is china relies on durable business supply chain for some production processes. these seamless. we don't know all of the micro as they unfold. but it has to be disruptive. china is the biggest traitor in the world, it -- trader in the world, imports and exports. some supply chains are flexible and others are not. what is going on has to be causing some disruptions. we keep talking about a potential compromis

and china. basically it's all of eastern europe minus the united states and china. they've tried hard to use push this agreement towards a substantial conclusion that, india has been the holdup all along because next year is a election-year and there's been disagreements with members about the level of ambition for trade rules. it looks like they won't get quite the conclusion they want to be able to announce and this means that this trade agreement will drag on into next year and likely beyond. but there will be a lot of discussion around that as well. so, vice president pence will give the speech at aipac and in his engagement with his asean counterparts, and that his intervention of the east asia summit, the countries will look for reassuring message that gives a little more detail about the free and open pacific means for the u.s. commitment and vision for the region. there is some concern about u.s./china policy, the strategic rivalry. countries appreciate a strong u.s. presence in the regi

the people's republic of china led by government leaders in beijing and the republic of china that is capital in taipei china regards taiwan as a breakaway province and refuses to recognize its sovereignty the taiwanese have full diplomatic ties with only a few countries because beijing makes it impossible to have official relations with both taiwan is one of the world's leading producers of computer technology and has one of the wealthiest economies in asia. with. ok let's introduce our guest now and joining us from taipei via skype a legislator for the ruling democratic progressive policy the d.p.p. from beijing china tangan a china political analyst and also from taipei fabrizio member of the taiwan strategy research association taiwan center for international strategic studies a very warm welcome to all of you teaching as we record this program the results are only just starting to come in but what are they indicating so far i think it's zero defeat for my party and we realize that people are not happy about our performance for the past two years so we countries are that we need t

and china is the terror of so china's being a little bit punitive here too in its own little way around the back of a corner by not buying as much u.s. oil and turning to canada so that's a ding in that direction as well but their second. very fuel to this oil that's dirty oil that we have here that's bitching and china needs the secondary level of that oil as well as the oil for fuel because they have a huge boom in building so that stuff it's basically tar so you can use that for roads you can use that for runways you can use that when you're putting roofs on buildings so they see that secondary stuff that a lot of people say is the bad stuff as a beneficial to them so when they ship it over to china they can use that oil on both ends. the we talk about the price differential alex i mean we'll be talking about a little bit later and see what the numbers are at the closing bell but is way down again today just north of sixty dollars for the west texas intermediate but i'm sure the chinese are going to could all of a sudden buy more u.s. oil now with this trade war tit for tat going on

. >> [inaudible] >> china wants to make a deal. china wants to make a deal. they sent a list of things they're willing to do which was a large list and just not acceptable for me but at some point we are doing actually well with respect to china and have a great respect for president xi and china in china to take advantage of the united states for many years and ron johnson knows that maybe better than anybody because ron's a big believer in what i'm doing and they will come in and open up china or make it there because it is not there right now. they do very little business with them and we do a lot of business and plus they have tremendous barriers and tariffs on us that we do not have in them. that's all changed and we put our own tariffs, $250 billion worth of goods and have another 267 billion to go if we want to. we may not have to do that but china would like to make a deal. our country has done very wellin china is not done very well. they been down 30%, 32% and then down substantially. we have helped create china as we know it today by allowing money

lou: -- this china and a dependence on china for that reduction. that's got to change, obvious, as you say. some other things have got to change. one is, it's a communist government. they have expansionist, and that's being kind, they have colonial, it seems at times, but certainly imear y'all imperatives within their foreign policy that they seem to be shocked that an american president would resist as this one has. >> yeah. well, shi gin ing who for more than a decade has been dropping hints that china is the world's only sovereign state. basically, what he's saying is americans, japanese, whatever, are just mere subjects to the greater glory of the chinese court. you know, the important thing for us is that those trade that we have, you know, our factories in china are producing profits that china is then using to put into its military which is con firing itself to fight -- configuring itself to fight mornings. there's a long chain here. it's also, of course, security because china needs an enemy, and they've identified us. lou: well, they've id

china about this have a listen to this china spokeswoman she was talking on november fifteenth at a beijing news conference. just shanghai we welcome one tension attempts to understand the situation changing is an open region but we were firmly opposed ill intension and biased attempts to interfere in affairs of our local government or rashly criticised china over its internal affairs. i'm just wondering what do you do what is possible. i mean to me two things jump out one is we need to get independent credible investigators into sion jam and we really haven't had that we haven't had the un have the ability to go there and produce a comprehensive report from the region itself or we at human rights watch had to do all of our research from outside of the country and although we heard heartbreaking stories about kids we came up in the middle of the night missing their parents or families being separated of torture of deaths we're doing all of this remotely so people need access that's the first thing and then the second is that other countries need to stand up to china and say that thi

the issue of china's -- the nonmarket economy and whether china fits the wto system. last july, the united states offered a paper on china's economic model and the point of the paper was the economic model is essentially inconsistent with wto norms. and i had a big back and forth with my chinese counter part, in fact people said that it was the most exciting time that they have ever seen at a general council meeting and my reaction was this place must be pretty boring. so we really need to grapple with the nonmarket economy of china and its implications for the wto. and so we're moving forward. we'll talk about this try l tri-lateral process about the forced technology transfer. but that is another issue. so those are some of the things that we are trying to dance at the the -- advance at the wto. but without the u.s. leadership, without u.s. speaking up, i don't think that the reform effort at the wto would have been initiated at all. i think we would have been still sleep walking at the wto. but inside is the united states is pressing these issues, people there have

and china. speaking of semiconductor stocks, if you look at this chart on your bloomberg, it shows the one-day percentage change in the stoxx index. you can see how volatile it was in october, but on the whole, the bear has prevailed. does this mean that all of these trade worries are priced in? will there be more pain to come? >> i think it will be the case that there will be more pain to come. i think the fall in the stoxx index was mostly driven by week or deteriorating trade earnings. when it was announced last month, the stoxx did not move a great deal. >> what could be a black swan as you look at the trade dispute unfolding? where would you say that investors are overlooking key risk? dan: i think that the political angle is quite a severe one. in june, the trump administration instructed various ranches of the bureaucracy to do better and enhance export controls. on thisrt control region will be the first and not the last action from the administration. the market is paying attention to t

in china you can buy that car. the trumpchi gs4 they want to bring it to america but they're rethinking the name. they're not sure if the vehicle will sell here right now true, random, and interesting. have a great day "squawk box" is next move to the enterprise-grade cloud that's built to handle all your apps. ♪ ♪ the ibm cloud. the cloud for smarter business. the ibm cloud. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> good morning trump takes on jerome powell again blaming him for the market selloff and gm's job cuts. we have the president's comments. >>> and the president's tweets about gm

the reason is we invest in china for china. the money we are investing is for the benefit of the chinese consumer, enterprise. if you gothing is back to 2006, 90% of the money invested in risk, series a companies, that has come from u.s. dollars. there is not a healthy ecosystem in early-stage technology companies. our view right now is healthy. >> interesting you say it does not affect your approach. do the trade tensions affect the flow of money from chinese investment? there are fears it could be weaponize does part of this tit-for-tat. is largely u.s. dollars that have come into china. we have not a hesitancy on the behalf of the limited partners to invest. on the u.s. side, we have to be careful when we are investing. certain limited partners and the money from certain partners would fall under restrictions. that is going to become a complexity for investors. >> where are you at with fundraising? >> we just launched in the fundraising. we should have the ability to close that next year. >> what are you planning to do with

items >> that's good china wants to make a deal china, as you know, jeff, wants to make a deal they sent a list of things that they're willing to do, which was a large list and just not acceptable to me yet. but at some point, i think that we are doing extremely well with respect to china i have a great respect for president xi and great respect for china and china has taken advantage of the united states for many, many years ron johnson knows that maybe better than anybody because ron is a big believer in what i'm doing and i think that thanksgiving they're going to come in and make it fair because it's not fair right now they do very little business with us and they have tremendous barriers and tremendous tariffs and that has all changed we all put on tariffs $250 billion worth of goods and we have another $267 billion to go if we want to. we may not have to do that china would like to make a deal. our country has done very well and china, as you know, has done not very well. they were down 30%, 32%, they have been down very substantially. we have helped create china as we know it

china trade war. but first rethink your budget or face fines that's the message from the european commission to its elite the government in rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit. the father of the world wide web says the internet is broken but that he has a plan to fix it speaking at the website. tech conference in lisbon this week tim berners lee said that there's been a big change in the web since he invented it nearly thirty years ago his foundation has released a new contract for the web with guidelines for companies governments and individuals to protect an open web the contacts will be published in may next year at a moment when half the world's population is expected to be online now it's been described as the greenest

and many farmers are abandoning palm oil cultivation to help see china's demand. i haven't dared to drive on so far maybe doesn't change the future that's it from us for now if you want to learn more about their stories go ahead and visit d.w. dot com slash business and of course you can check out our social media feeds at facebook and twitter i'm krista coram delenn for me and the entire team thanks for watching. much much. much. much much much. much. much much. much much much much. much. much. much. much much much much. more. russia is becoming a hotbed of any company by a lack of information and stigmatize ation in some cities h.i.b. is spreading rapidly. here in the several involves russia stage of the epidemic has been moving to new faces making a definitive transition from the so-called fall notable groups to the bane of jewish. h.i.v. in russia today on t.w. news like we were. when we were. in the percent of americans at some point in our lives while experienced hardship to listen. to. wants. from an. informant. was. my. my. my. all we can be the generation

inside china but china's economy is slowing. the latest growth figures were the weakest in almost a decade. and aliba ba has struggled to expand internationally. its overseas site aliexpress accounts for just 5% of revenue. founderjack ma — who currently tops china's rich list — is retiring as chairman to focus on his philanthropy. he has warned of "turbulence and instability" becaused of the us—china trade war — but says alibaba will find new opportunities. duncan clark is chairman of consultants bda china — and author of aliba ba: the house that jack ma built. the man who knows everything about jack ma. what is the single biggest threat to alibaba's future? you really named it, if there is a slowing chinese economy can, particularly a consumer slowdown. it affects alibaba particularly a consumer slowdown. it affects aliba ba and particularly a consumer slowdown. it affects alibaba and we will see with those results and in the coming weeks, the big single state, china's equivalent to valentine's day, the spending spre

take a look at air china, korea china up close to 8%. singapore airlines also bucking the gains, when it came to profit. profit tumbling more than 80%, they have been damped by the oil costs. they do say that we could have a theund in the later part of year periodic of course, we're talking about brent crude prices weakening despite saudi arabia's plans to cut production. we have more to come, this is bloomberg. ♪ ♪ yvonne: a quick check on the latest business flash headlines. boeing slumped on week deliveries for their cash cow plane, on worries about security. low shipments last month are at risk of missing annual target as it tries to overcome part shortages that have slowed production. bloomberg intelligence as they nextto deliver 72 737s month and the next to hit targets. a threat to them been on the .orld word -- oneworld alliance comments are a further deterioration with relations with qantas. he said that there is no point in being oneworld if other partners of your qatar as a threat. the cofounder and chief executive of indi

. >> views on china are often mixed. again, china builds up enormous amounts of goodwill by building infrastructure. these markets are desperate for better metro systems, road systems, especially in these small to midsize economies where it is not easy building infrastructure. but at the same time, there are some concerns. one refrain you often hear from locals, whether it is individuals or companies, is that chinese companies will often win or come out on top. >> in the next 10 or 15 years, or the next 15 years, the world will invest about $90 trillion in infrastructure, mostly in emerging markets and developing countries. so whilst that sum is a very large sum, it is only a couple of percent or less than the world's infrastructure investment, and it might be 3%, 4%, 5% of the infrastructure investment in asia. so it is very big, but we shouldn't overdo the magnitude of this in the context of infrastructure investment. ♪ stephen: in its simplest form, china is looking to revive the roots of the ancient silk road with

talking about china partially why hasn't this deal i n f been proposed to china so far i mean u.s. national security as a drum paulton says russia and the u.s. need to hold strategic talks about china missiles which pose a potential threat to russia as well that's what he said that's how he put it do you think maybe washington is seeking to pit moscow and beijing against each other . well you will remember or i i don't want to make you older than you are you you won't remember but you've read about it that during the nixon year or as the idea was to play the so-called china card against the soviet union to china toward washington and away from moscow in the rest there is no china card any longer the old kissinger idea that you could play off china against russia is gone russia and china are becoming perhaps historic allies economically politically militarily strategically this has happened due to a lot of factors however you're right i mean china now has to be included in any new nuclear arms arrangements that involve these regional intermediaries and immediately misses my own feel

that is what is happening with china. even if we have seen china to stabilize its currency over the last month -- that is what these reserve outflows show us -- china will also open the possibility to let its currency devalue. if the dollar is going to strengthen again against other emerging-market currencies, as i suspect, then the renminbi will follow the other emerging-market currencies and not the dollar. china will not contribute to growth, and that will be a headwind for emerging markets. the trade war impact is much smaller than we all think. i am skeptical about any deal between the u.s. and china, but i don't think it is that important over the next year. yousef: we have to leave it there. of course we did see china lifting some foreign investment ns in the last few hours am a may be an important signal. now let's get you a preview of what is coming up later on in the show. we talk about the situation in turkey. theturkish president says jamal khashoggi recordings have been handed over to the u.s. we will get int

around he really china and imposing unilateral tariffs on the chinese exports china does not want to have a trade war with the united states china does not want to have a conflict with the united states but if the united states really wants to impose these things onto china i think the chinese people will be fully mobilized behind the chinese government and the chinese military on friday the trumpet ministration announced that washington's reimposing old sanctions against iran that was lifted as part of a twenty fifty nuclear deal donald trump took to twitter to taunt tehran with the news in a post that resembled the tiger line from game of thrones now the sanctions which are slated to come into effect on monday follow america's unilateral withdrawal from the iran nuclear agreement in may of the new sanctions come on top of the ones already imposed by washington and focus heavily on iran's oil sector penalizing states that refuse to stop imports of crude oil from iran meantime the u.s. secretary of state says the main target is the iranian government. the sanctions hit at core areas

so what is different about what china is up to? tom: china is really big. 1.4 billion people. so if china continues to move toward the technology frontier, continues to raise productivity, they are going to overtake the united states in be the world's largest economy. and i think that is kind of an existential fear to many in washington, d.c. the second fear is that chinese politics are not like that in germany, japan, or south korea. it is a single party state, a rival to the u.s. so that economic rise comes with a bunch of geopolitical baggage. carol: let us get down to with. it. what is at stake? what has china become good at compared to the rest of the world? what countries have to be worried? tom: it puts them head to head with germany on autos and taiwan on semiconductors. with south korea on electronics, automobiles, shipping. so those economies are the ones that faced the most significant challenge from china 2025. one of the oddities is that in most of the sectors china is targeting, the u.s. is not a major player. carol: staying with china's plans, "bloomberg busines

brown reporting from the capital of china . time here a minute believes he'd be in a camp if he returned to shin jiang he says a chinese state security agent tried to persuade him to go back after he moved to israel to study early last year leaving his wife and daughter behind in. the agent also a week telephoned him repeatedly wanting details of women's contacts in israel sometimes the calls were taunting. your daughter won't turn out to be a scum like you says a voice she'll be useful to the communist party. before him in left china he lived here a room she the provincial capital of shin jang he used to call his daughter all the time but in february she told him don't call me or my mother again her last words to her father with the you're a bad person. there are credible reports according to the united nations that the million or more we go muslims are being held in what amounts to in term and camps in china and now increasingly their families are speaking out many say their family members have been imprisoned indefinitely in

headed it had the china -- the china division. talking about whether or not china has more scope or pace. when you look at what andrew goldman is saying, there is not a lot of space in other words, the data has not shown this stimulus china has announced. we will see and try to put those things together for our viewers. looking forward to it. before we get over to bloomberg markets, take a look at how we are trading in the region. japan as well as the kospi seeing upside. we will take it. this is bloomberg. ♪ this is bloomberg. ♪ rishaad: welcome to bloomberg markets china open. china tradingd barbs comments. david: and on to the brexit conversation. survival.y find for brussels says that a u.k. transition deadline could be extended. david: equity markets slightly higher. major negative news. rishaad: and all. that took place -- and awful spat that the place at the apec summit. yvonne: that communicate, we haven't seen that out of aipac. that is a big concern as we get closer to the g20 meeting in one of cyrus -- in buenos air

twenty meeting in this and as europe and china seek more common ground as free traders u.s. president donald trump says u.s. import tariffs might soon include chinese made laptops and for also we take a look at the price coal mining communities are paying for china's efforts to clean up its air pollution and the indonesian capital jakarta is trying out a bike sharing in an effort to reduce the nightmare traffic that's clogging up its city rose. i'm christopher kober welcome to the program could this be the end to the us chinese trade war according to white house economic adviser larry kudlow president trump is open to a trade deal with china at the same time mr trump is ready to high tariffs on chinese imports should there be no breakthrough chinese vice premier a new hair is warning of consequences during a trade summit in hamburg he said rising tariffs could lead to a recession you said existing problems could be solved without creating additional barriers and he reiterated china stance that there are no winners in the trade. well for more let's cross over to our correspon

the economy in china has slowing down faster than even china expected to. as we are seeing a natural depreciation, they are trying to manage it. they are not necessarily worried about the level it gets too, but the pace of decline. i think we will continue to see that depreciation through the end of the year. i don't think they are afraid to let it hit seven. i think that is a mental threshold for the market. i think that is going to happen and it is ok for them. i think we will get to seven, we will breach it at some point and it's not going to be that much of an event. michael: i just made this chart , for aou were talking little bit later. this is china's export growth. look on the right side there. this is a country that is slowing down? no it's not. you see the did when donald trump announced tariffs. is everybody buying chinese goods while they can before the tariffs go up, or will they continue to? conventional wisdom. exports from china to the european union, which is not imposing tariffs, were up a significant amount as well, 14%. so, is china goin

rishaad: will you limit yourself to just china? >> our focus now is china. it is the biggest and fastest growing ev market. in a couple of years once we establish ourselves in china, we will look outside to see other opportunities. rishaad: international partnerships? >> we are looking in a number of areas, car technology, autonomous driving sensors. rishaad: one of the big european car markets? >> we will never rule anything out. rishaad: thank you. motors. we are invited, all of us, to try the cars. yvonne: sounds good. coming up, the wheel has been spun on the world's biggest gaming have. we have more on the outlook. this is bloomberg. ♪ yvonne: we have stories about oil speaks drop, the feud between melania trump and a white house aide that is reported to have ended with the sacking. on tictoc, how bob iger may miss a $60 million bonus. high rollers and high-stakes on as uncertainty over china's gaming licenses could stall investments in the macau. casinos, 16 years macau openedum -- its doors. $33as seen revenue grow to billion. the trade war could se

-china trade war. but this enhanced process is part and parcel of the broader escalation and trade tensions between the u.s. and china and it reflects the u.s. government's concern about maintaining technology advantage. that: how confident argue decisions can be made objectively in the context of the geopolitical environment we find ourselves in? my impression is cvs -- cfius is not holding up cases. some cases are getting blocked but some are also getting through. has become a it politicized process, but there is no question this process is reflective of the broader concerns about keeping u.s. technological advantage. companies will have to reckon with that and think about it as part of the due diligence before they come to the table. bloomberg came out with a really shocking report that suggested the likes of amazon and apple are being infiltrated .y the chinese chips the companies denied that later. is that sort of think not beyond the realm of possibility and what are the types of security risks a

but i did wonder why china had suddenly decided to compete with france in italy in china tomato sauce isn't even on the menu. i speak to here is investigating the circumstances behind this new trend. i discovered different kinds of tomatoes genetically modified tomatoes which are still largely on for million europe. these are tomatoes that are very firm fruit you can help them they will burst. i discovered a misunderstood and fascinating industry and industry borne from the success of italian the stronger me. safe and reinvented in the united states and china by a few entrepreneurs who turned it into what they call bread gold. in california i met one of the leaders. this industry a multimillionaire obsessed with efficiency and success. in italy i saw work is exploited in africa pharmacy facing brewing. for the past two years i've been collecting sources juices soups concentrates peel tomatoes and catch up from around the world the story i'm going to tell you is not simply about the canned food it's a story about the sometimes absurd nature of aa globalised world. it's winners. and it'

but there are locals here to see china as a friend. this lady is the ambassador for the china papua new guinea friendship association. chinese businesses he appalled their money together to fund it. we need something there to help us, people the chinese people coming into the country and getting everything that papua new guinea owns but it has to change and position has to change about chinese people here in png are here to help. australia has traditionally been papua new guinea's biggest donor and investor but china's presence here is growing rapidly and is increasingly visible, and fears are growing as to what beijing wants from the region. you ta ke beijing wants from the region. you take a look at what china has done in sri lanka, taking ownership of a 99 year lease of a port that they themselves built and you can draw themselves built and you can draw the thread out to the pacific. i think that is the great concern, but they will get a foothold somewhere in the pacific and it may be opportunistic as to where it may be an overtime

and sensitive issue in china u.s. relations. for starters how about you express your concerns about these important and sensitive issues to someone who cares a little more because that in trump we worry about. i don't worry about things. let's be great never worrying about anything unfortunately others are there are those in china who believe that america wants taiwan to declare independence and the chinese are preparing for that eventuality militarily. as your own you know we are resolute to defeat any scheme or act of taiwan independence in any form. thing is the taiwanese don't really see a point to defending themselves taiwan which we simply switched from conscription to a volunteer army is having huge trouble recruiting even reserve troops dodging the juicy after all that's the point there when the government needs to think whether it's necessary to bring conscription back national security matters but taiwan is a minor player in these confrontation if war does break out it likely be the people's republic of chin

is accusing china of theft. it comes 10 days before the leaders of the two nations meet at the g20 summit in argentina. the professor of global affairs at the johns hopkins university school of international studies joins us now from washington. welcome to the show. it is great to have you with us. there seems to be more consensus within the united states and u.s. allies that the trump administration is not wrong in addressing these concerns over china, especially when it comes to ip theft, but are they right on addressing these grievances now? there is a pretty broad consensus internationally and in the united states that chinese trade practices have been a problem for quite a long time and there are concerns around other unfair practices. critiques that have been raised of the trump administration's approach is the president seems to be focused mainly on the trade deficit, which is not the center of gravity in this dispute, and also that he seems to be following a policy that separates the united states from o

you guys at the nftc do argue the china and u.s. trade relationship needs to be fixed but you believe we're going about it in the wrong way. if you were in the room with these two men this weekend, how would you advise them to settle this dispute >> i would think that the most important thing is that they start to actually seriously negotiate on the issues that the u.s. cares about we accept there are a lot of problems with china's commercial practices, affecting our industries and our technologies. we think the appropriate way to go about it is to get the rest of the world on our side, to focus on building a multilateral effort it would have been a good thing if we had gone ahead with the tpp agreement that would have brought in japan and other countries in creating rules that the chinese wouldn't have been able to ignore we missed that opportunity we still have the chance to work with europe, to work with japan, with our pebest trading allies n north america to put pressure on china to conform to international norms and to start t

china policy, the growing intensification of use china -- u.s.-china strategic rivalry. on the on the one hand, countries appreciate atrong u.s. presence, security strategic presence in the region to balance against overly assertive behavior from china. but they also are quite concerned about the prospect that tensions might really escalate into something more serious. the recent close encounter of u.s. navy destroyed with the chinese naval vessel caused a lot of concern in the region about tensions rising in the south china sea. and countries, most importantly, don't want to feel like they are forced to choose between partnership with the united states and partnership with china. i think it's an opportunity for vice president pence to give a reassuring message along those lines that the free and open pacific come free and open indo-pacific is a stretch about maintaining an open, inclusive architecture that is supportive to everyone. >> well, my task is to talk a little bit about aipac and trade, and i don't have much to say. expectations are low, and they probably won't