or china or a more human rights oriented china or a more liberal china critics on. you. i mean i think broadly she will have been happy with the way this trip went as as you were saying there was potential for for problems and tension and i think she when she headed back to berlin those the there hadn't been really any tension there hadn't been some big blow up. the protests in hong kong for example but i would say that what was missing from this trip was sort of the european approach we've seen europe taking a much tougher approach with china over the past year. back in march i think it was french president emmanuel michel invited merkel and the european commission president roh juncker to paris to meet with season ping to sort of send a message europe is united on china we can't be divided and going to beijing at this time after this year of reforms investment screening to protect german and european companies from chinese chinese acquisitions to go there with a large contingent of german c.e.o.'s to put the focus back on business i think some of germany's partners in

is china using to tell was here in methods to conduct trade. is china creating a. style system of controlling its own citizens. about the social credit system for example i think it's very interesting to look at how that discussion what's going on here in germany for example and what's going on with the discussion going on in china especially if for example about the credit system and believe it or not many think it's actually a good thing because you say look at the crime rates. and then people feel safe i'm not saying that it come as a cost or i'm saying it's what a lot of chinese. people in general i think it's 15 is somehow more important than privacy because they also help people look at privacy is a very different you feel look at the privacy issues through the chinese lens they somehow rather sacrifice their privacy in order to get convenience and also safety so i think from that point of view a lot of chinese doesn't even look at it as a monitoring system so i think it's a quite interesting to just try to i think the chinese says of view and how easy it is

that china is now trying to regain what rightfully. belongs to it and ultimately that's that's an odds of it the american perception of the world to be cheese any rising power as an offense if aggressive and aiming to take something away from america do you think those perceptions how things a supposed to be with ever be reconciled i think it's always very hard when you have an adjustment in terms of power between rising powers and status quo pose some index what we have seen throughout history does also true with regard to china no you're absolutely right in part of course because you quote in my book. in saying that china is owed to regain what it sees its its position within eastern asia and i think that's going to happen i mean china is the most populous country within the region it is seen as the center within the region not these now in economic terms and i think there is very little over a long period of time that you know to states can do to prevent that the question is how do we get from here to there. being this quite natural

/china relations: trade. the two nations' dispute has largely played out as a tariff war, but there are underlying issues and arguments on both sides. so, in partnership with the pulitzer center, we tell this story with two correspondents, nick schifrin and katrina yu. they begin in china's silicon valley, shenzhen. >> yu: in shenzhen's seg-e-market, you can buy anything electronic. there are ten floors of circuit boards, battery-powered children's toys, digital watches, wireless headphones, even bitcoin-mining computers. >> schifrin: and all of this is sold all over the world becaused international companies have long tapped into china's massive market and huge supply of reliable labor. >> yu: if you have an electronic product that's labeled "made in china," the chances are its parts come from here and end up all over the world, including the u.s. >> schifrin: for decades, the world's two largest economies, the u.s. and china, have been integrated. but now, the trump administration is trying to change that,

china relationship now another point that you make in your book is how well integrated china is into the global economy and into the american economy much more than any rising power before it when president trump talks about the crumbling of chinese manufacturing as he did on twitter does the other day cab he be sure that some of those big debris won't land on his own shores no he can't i mean i think china is intimately connected to the global economy and the way it works. i think if there is a severe clause in terms of the chinese economy that's going to hurt everyone and i think one of the choices that this administration has to make and its successor administration whenever that comes in also will have to make is whether u.s. strategic interests or sole. dominant in terms of how do you know the states or to view the world that it would prioritise such a decline in spite of the negative consequences it would have for the us economy over seeking a more collaborative relationship with china in spite of the political and strategic differences so in other words the big question is wil

china is much more resolved. they are willing to accept higher costs in the united states and most contingencies and therefore maintain deterrence the united states actually has to have better capabilities so we would suffer less than china would. there is a difference in how to assess trends in the future. china has surpassed the united states, given certain trends in the region china will soon be able to out match the united states. as we know on the global stage china is nowhere near being a peer competitor to the united states. i have a number of recommendations in my testimony, most focus on the south china sea issue which is i think the key area of strategic competition on the military side between the two sides. the united states needs to prioritize diplomatic solution with or without china. get all the claimants to agree on the sovereignty of the islands and what rights islands give them and then have international enforcement of them. i think the united states should consider protecting exclusive even ha

with china's. the label as communists and states china subject of some modest compare where their weight they're not trying to run the world they're not even trying to run asia pacific i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because it also was asian law history and their size so their objectives are really modest compared with their capacity. the wealth for new wealth in china often so this is this is the product of self made entrepreneur skill but is it not also the product of the exploitation of people at the bottom what are known in china as migrants but they're not really migrants. if you really. go to port to this my woodworkers you will find quite surprisingly. over the past 5 to 70 years they have experienced. greater increase there in the social groups china not a car society. but china is a class society. views of the homes of migrant workers people who build and service the new china. here i

and china. in this panel, asian studies scholars and economists consider a report on the national security implications of the economic relationship. the u.s./china economic and security review commission hosted this hour and 40 minute event. >> good morning, and welcome to the last hearing of the u.s. economic and security review commission's 2019 annual report cycle. thank you, all, for joining us today. our hearing today will review and assess key developments in the economic and security dimensions of the u.s./china relationship in 2019. and examine china's relations with taiwan and hong kong. commission began its hearing this year which marks the 40th anniversary of the establishment of u.s./china diplomatic relations. by examining china's internal and external challenges and their effects of china's ability to sustain economic growth, project power, and spread its influence around the globe. this year has been one of extreme volatility in the relationship between the u.s. and china. change

around 95% of respondents are in china for china. that's important because if you're operating in the china market or manufactured in the china market, and the terrorist -- tariffs and the bilateral relationship will impact you in a very different way. that being said, read a quarter of our companies are leveraging china sport platform for the new broad or for the united states. 67% of respondents in this year's survey were in china are based in china. around 33% are based in the united states, 2% in other locations, europe, south america, et cetera. so getting into the survey, the key findings this year, companies are commercially successful in china. revenue in china operations increased last year and the overwhelming majority of our member company respondents, 97%, were profitable. however, trade frictions are eroding use company competitiveness. this is happening because both u.s. and chinese retaliatory tariffs and because u.s. companies are increasingly viewed as unreliable suppliers. while this issue is top of mind, the more p

so call the china we call the mainland ok we are taiwan our mainland we together is a china is a one china war if you think the threats from china is so serious as taiwan why do european people all the people around the world are all the members up in the e.u. and try to work with china try to have dialogue with china try to solve problems it's true that you know that as well as i do it's not a human rights record is there working history we can do that too apart from trade what exactly it is democratic time i was having common these days with one party communist china you have free elections yes you will change your party in power they don't you have independent courts they know you have a free press they don't you can speak out against abuses of power and they can't what on earth have you got in common with mainland china and. i think we should emphasize differences. go there work with them be their friends be their brothers and change that instead of being their enemies go there walk with them you can change like what do you were doing with them now what are you going to do a coun

i think it's done a lot to sort of soften china's image in a way you know particularly as china is opened up over the last say 4 decades and obviously there's been it's been up and down over the period but i think the pound is have been have been sort of all the way through people love them people even ponder skeptics when you see a pound for in the flesh it will warm your heart it's in softening up china's image but maybe not making it cute and cuddly you know exactly maybe that's a bit of a stretch clifford couldn't thanks very much for coming in. china's population is growing old at a faster rate than almost all other countries and that poses huge challenges for policymakers making sure senior citizens stay fit is one way to help decrease the number of people with chronic illnesses we meet a group of retirees who can offer some inspiration. stretching and building muscle. these seniors are not letting age slow them down at this public exercise park in beijing. retired farmer use song long as one of the regulars the 68 year old devotes 8 hours a day to keeping fit and staying limber he

and china was 605000000000 euros the block worth more than 200000000000 to china and importing nearly 400000000000 euros of goods. the german business view with regards to china could be summed up as one of huge opportunities coupled with huge challenges one of the main worries is china's new social credit system as well as its own citizens the chinese government also evaluates companies using a point system and penalizes things it doesn't like german companies fear it's becoming a method of blanket surveillance and they say the system is not a clearly nor transparent deregulated. the internet is also a bone of contention foreign companies in china still have complete access to the world wide web but paging plans to introduce laws to curtail potentially shutting down google or twitter in china. and the old problems with fair play and market access are still prevalent despite repeated promises of improvement german companies say they are still discriminated against in china but chances. the major concessions in these areas have never been as good the trade war with the us has china and

primed to regard china as a new enemy china's alarming creation of entirely new territory in the south china sea is one part of a broader military push that some fear is to challenge us dominance in the region. china is building and strips in the south china sea on disputed islands condemned by an international tribunals this is now a flashpoint for war between china and america. what is not news is that china itself is under threat. these american bases form a joint news been circling china with mrs obama's warships all the way from a straight through the pacific to asia and beyond. i mean if you were in beijing looking out stood on the tallest building in beijing and looked out at the pacific ocean you'd see american warships you'd see guam is about to sink because there's so many missiles pointed at china you look up the korean see american armaments pointing at china you'd see japan which is basically. japan's a glove over the american fist i think if i was chinese i'd have a little to worry about about american aggressiveness and we have china surrounded and we're doing more all t

china is building in strips in the south china sea on disputed islands condemned by an international tribunals. this is now a flashpoint for war between china and america. what is not news is that china itself is under threat. these american bases form a joint news in circling china with missiles bombers warships all the way from a straight through the pacific to asia and beyond. i mean if you were in beijing looking out stood on the tallest building in beijing and looked out of the pacific ocean you'd see american warships you'd see guam is about to sink because there's so many missiles pointed at china you look up the korean see american armaments pointing at china you'd see japan which is basically. japan's a glove over the american fist i think if i was chinese i'd have a little to worry about about american aggressiveness and we have china surrounded and we're doing more all the time to try and keep it surrounded and deepen that containment of china. but china presents a fascinating case of a country that is independent doesn't have foreign bases on its territory. growing very r

chunk china arrived in thailand on long term loan from china in 2003 along with a female panda lynn who way the pair were an instant hit among the type public. zoos attempts to get them to maske with the nation but ultimately failed despite the use of videos to come to porn to encourage chung chung to copulate. he finally became a father through artificial insemination this is working with a team of chinese experts to establish the cause of death. about. according to the memorandum of understanding between thailand and china. the autopsy on the panda needs to be performed jointly with chinese authorities on the south. lynne way remains the chiang mai zoo the only giant panda now living in thailand. and joining me for more on this story is. who lived there reported in beijing for many years they said welcome at 1st i mean giant panda trying trying they are actually part of china's diplomatic outreach into the world isn't of i don't think many people are aware that this is the case and what prompted china to begin this kind of diplomacy in the 1st place well as a national symbol i can't t

-china relations. anything that can put pressure on china should lead to the u.s. advantage, potentially. what happens next? when does the trump administration to side it will go ahead with this? is there something that would be a catalyst? brendan: there does not seem to be a timetable for these particular discussions on the capital restrictions we are reporting on. the trade talks are going ahead. the next meeting is around october 10 and 11th in washington. there is been some discussion about some sort of mini deal that will keep talks going. this development will get back to beijing and will not be looked at very favorably. reason chinaother would be reluctant to do deal with the u.s. guy: alibaba is down about 4%. how did it affect companies like alibaba? brendan: capital flows two ways. alibaba is listed on the u.s. market. guy: looking to have a listing in china as well. brendan: if you are to gain out the scenarios, some sort of restriction on chinese companies may be something more hawkish members of the trump administration would want to do. it is one of

lab in china. it walked away from the pentagon, and it's working with china, which means it's working with the military. does that concern you? >> it does. i think peter thiel was correct, they seem to be so drunk on globalization at google, they don't understand they're an american company. they're in california. they should not be aiding the chinese military. now, they've got their counter story that, oh, this is just a few google employees or huawei employees who did something. it's not the whole company. but i think peter thiel deserves to have his investigation carried out. maria: we had peter on the show a couple weeks ago. do you think a deal happens? i want to ask you about the impact of hong kong because this week on "mornings with maria," we had on jimmy lye who with, of course, is the founder of next digital, but he's a dissident and china activist. he said that hong kong has already seen a terrible impact from the if authoritarian rule that china continues to put on. here's what he told

china now is not the china i grew up in. china now, means more millionaires, billionaires than any other country every year. it builds the longest railways, the fastest this and that. china's gdp has 137 fold in those 70 yea rs. china's gdp has 137 fold in those 70 years. and life expectancy is in china, in shanghai it is higher than new york city. so now we have the world's second largest economy, and this is what china has achieved in 70 years. in fact, in 40 years. so ina way, 70 years. in fact, in 40 years. so in a way, very legitimate cause for celebration. absolutely. and there will be the largest military parade prayer there were planned. and it is to celebrate its achievement. what is interesting is to see whether all the other leaders during these times will be honoured. china didn't get here just because of xi jinping. it had gone through different generations of leaders, different generations of leaders, different generations of leaders, different generations of chinese... establishing china and working and chasin

visit to china came at a. moment but she accomplished their mission impossible and both the witnesses are on of reimer's former china correspondent for germany on the network and arianna believes that china has excellent strategic qualities and capabilities europe's answer must be a strategy old unity and a very warm welcome to sonoma brockett an american journalist who's trying to be a follower of the medication institute for china studies here in berlin he argues quite simply the germany must show molitor shame on china. thank you all 3 of you for being here today i'd like to begin with you chen soon and begin with the latest developments surrounding joshua wall how much of a controversy has it been and how are the chinese side likely to react. i think china react quite strongly in a way that they know they have to show that it's their stance that this is not what they expected that what because especially one was just thing china and decisis kind of. almost like a balance of. criticism from that german medi

themes like the us china trade war and the unrest in hong kong. and kerry problem at the heart of the wool industry we'll tell you why the country shepherds are taking a stand. this is the w. business i'm joined now the milan in berlin welcome facebook's troubles in the united states are mounting an alliance of 8 states plus the district of columbia announced an antitrust probe into the social media company the new york state attorney general lateesha james said in a tweet that the aim was to find out whether facebook quote endangered consumer data reduced the quality of consumers choices or increase the price of advertising this follows an announcement from the justice department that it would also be conducting a competition review of online platforms. joins us now from wall street if this probe finds that facebook did indeed behave and headed if the what could happen to facebook then could it be broken up. well this is really tough to say at this point we haven't seen a case like this in those proportions since a similar case against the micros

in china. if you look at why china picked 16 things, you do have to ask yourself, maybe china is looking elsewhere and found different suppliers outside the u.s. china is the punishing american farmers as a trade war dragged on. let's get to edward. look at the trade, 16 products out of 5000. >> 16 critical imports from the u.s. into china, these are things that china cannot get from anywhere else and they can also not make them in china. also medical device, it detects how large a tumor is and treats forms of cancer, that device, a medical linear seller reader sold by companies by cure inc., this will help the individual companies but not make a big overall difference in the overall impact of the retaliation tariffs. donald trump saying he read visited adjuster by the chinese. what is more significant are comments by essentially the number two person in the chinese government, listen to the chinese premier after meeting with u.s. business delegation in china. >> china is the largest developing

change the trajectory of china in the future. george: it is a little more difficult in china. the united states wants access to the chinese market in the same terms it provides to the american market. what the united states is asking for, the japanese could give. they have more room for maneuver, more wealth. the chinese cannot give the same thing. the u.s. could hold this position for a long time. the chinese need to make some concessions. we are in deadlock. in your view, final question, yes, the economy was dependent upon exports more so in the last 10 years than it is now. it is a 60% domestic consumption led economy. a lot of the jobs are dependent on export types of jobs, supply chains. what can the chinese give to perhaps strike an interim deal? do you think they know what they need to give? george: i think they know what they need to give but it is the same situation the obama administration had put the obama administration sent negotiators to china asking for access, asking for not manipulating the yuan. they asked for all these things. the difference is, when they as

-china trade war. president trump has accused beijing of not doing enough to curb exports of the highly addictive painkiller fentanyl as u.s. deaths from the drug skyrocketed. the white house decided this was a reason to raise tariffs on curb exports of the highly addictive painkiller fentanyl as u.s. deaths from the drug china, but china's narcotics regulator denies the claim. here is his exclusive conversation with tom mackenzie. >> some u.s. politicians out of their own political necessity disregard the facts, find fault, make small things big, and turn black into white. what is supposed to be a simple problem became complicated, and clean water is muddied. tom: the u.s. treasury has recently sanctioned three chinese nationals and two companies operating in china. will you be taking action against the companies they operate that produce, according to the u.s., fentanyl products? >> at the time that these people were making these substances, the chinese government had not announced wider controls. wh

do you think that china in the very near term. and everybody says it's high time that we reduce c o 2 emissions in the very near term will put climate protection before growth. what makes me optimistic is that it's not only a moral question for china there's also a lot of national interest they do already have very high economic costs because of climate change the major issues aren't air pollution around decide if occasion for example so they have good reasons to move and next year is actually quite important to you china summits. both hopefully try to work together to work towards a more ambitious term of policies alexander thank you very much because it is not. and now to some of the other global business stories making headlines today chinese firms have ordered considerable amounts of u.s. pork and soybeans in a sign of a potential breakthrough in the long running trade war for more than a year the 2 sides have been slapping each other with tariffs. leading the cigarette maker jewel labs has announced a change in leadership and

a look at china's relationship with china and hong kong. the host of this event. live coverage on c-span two. >> next we will hear from founding faculty member of global political economy at the chinese university of hong kong. the author of taiwan china dilemma. multiple interest in the economic policy. frequently if there is chinese media. finally, we will hear from doctor victoria who is the professor of political science at the university of notre dame. early modern europe. maintains hong kong from the movement to the anti-extradition protest. written on a democracy unit for foreign affairs. i ask all of our witnesses to keep your comments to seven minutes so we can ask lots of questions which we all are very good at. we will start with you. >> other members of the commission, thank you so much for the invitation today to contribute to your deliberations the implications for the united states. as you all know, this year marks the fourth year between china and taiwan. this began with the decision to expand the communication channels after an auger rated in 2016

finance for china. of course, investors in china will only have monday to react to that news as they head into a weeklong holiday. what are we expecting? adam: it does kind of put the focus right on chinese markets for monday. as you say, then we get into tuesday and the close through tuesday to the following week. we have already had a bulk of the move play out on friday. one of those big moves we did see was some of these u.s. listed china etf's which performed fairly poorly on friday on the back of this latest escalation. some of the commentary this weekend is played down some of the worst fears in reaction to the original headlines. you may see somewhat of a muted start for equities across the asian region. with that onef, day of trading remaining, you might see more volatility with people wanting to get in and price this next outcome. this is such a changing game as everys and days incremental headline comes out that it is a tricky situation to read. whether or not people are saying this really aff

china trade fight bloomberg reports that china may resume purchases of u.s. agricultural products such as soy and pork next week as we reported here a 46 percent increase in the price of pork was a significant contributor to the most recent monthly inflation increase of 10 percent overall meanwhile chinese pork productivity has been decimated by the recurrence of an outbreak of swine fever joining us now for an update on that growing regional problem in the state of transpacific ag trade generally is spread kaufman author of bet the farm how screwed stop being food all come back fred. hi daniel now 1st of all fred on the trade fight do you think we will see much of a reprieve for u.s. farmers with this resumption of china the chinese ag purchases next week. listen that we don't know if it's a resumption or what we understand is that there is certain people in china who are taking a look at spot prices that doesn't that certainly mean they're going to resume buying at united states pork i mean ever since south america particularly brazil has been selling all t

with china, it is stimulus. when china is stabilizing, when the global economy is stabilizing, on the other hand, when we see china is having the hard lending, -- this is why china is a big global markets. when china carries out concrete measures, that is positive for risk assets. how about the role of the yuan? mo: the escalation in trade tensions, meaning trump is going .o add the current tariffs paul: we ask a lot of our guests, what do you see is the biggest challenge for china in the coming days? -- the coming decade? mo: many challenges. number one, resources reform. that's the fundamental. for the structure reform, how to balance between demand-side and supply-side. how to balance between deleverage and re-leverage. economy withe the only the consumption of the economy and how to avoid stakes river.e are crossing the we are already in the middle of the river. that is very key for the next 10 decades. the next decade. mo ji, thanks for joining us. you can get a roundup of the stories you need to know. bloo

china trade war as china is imposing have to retaliate or terrorists on their products among those profiting from the ongoing dispute are soybean farmers and crushers in argentina for the 1st time in decades they'll soon be allowed to export to china. while china has been the top buyer of rawdon time soybeans it has long resisted opening up to saudi meal in tinian industry insiders say the u.s. china trade war help make argentine saw in me like sports more alluring as beijing diversify as it supplies and lets washington know it has other options. and uses it and seen as the largest exporter of soul in the world and china is the largest consumer of the signing of this protocol establishes a solid and legal basis for the conversion of these 2 huge markets i hope the 1st shipment of argentine soil to china will come shortly. the pact came faster than many expected and it means argentina could export 31000000 tons of soy milk from this year's late harvest though the amount china will take still depends on demand linked to swine flu currently hitting the country's hold her. to germany and it's be

china? >> it has. australia has been asked to pick sides. it does not want to pick sides. at the same time, it is navigating its own relationship with china and questioning whether it has gone too far in being too cozy. we have seen some universities in australia question relationships with the chinese communist party. in,ave seen politicians australian politicians, under scrutiny for their relationships with china. there is a moment of thought going on in australia right now over its relationship with china and the direction of that. but it is a different kind of conversation than what you are getting in the u.s. i think that is a reflection of the relative powers. australia's a country of 20 million people. it is not the economic power the united states is. david: we are looking at the white house waiting for the news conference between the prime minister of australia and president trump. we will bring that to you live as soon as they come in. i am told they are still meeting in the oval o

pressuring china to make are not bad for china. progresses in china have been there all language. they have been outnumbered by the hawks. i think with this current situation she's under pressure internally for having managed in way, it's going to provide some opportunity for the itgressives to say look, makes sense that we open our markets. that we sense liberalize. let's do some of this. make it appear it's our own initiation. the west has to not to play the hand. tot's important for xi overcome. i think it can come out better. john: one of the biggest concerns for investors is this notion of negative yields, a world where pensions and other huge institutional investors are just not making the money they need. do you see a short-term change that? you're so involved in these big astitutions as customers and an advisor? of liquiditylot around. puzzle and frustrated that they've been short and the market continues to want its way up. that money wants to find a place. world, they troubled u.s. and u.s. dollar seems to be relative safe haven. find some we can stabilization of the eco

of course and i think your comment is right about china i mean it's mostly china has conducted itself in these negotiations with rationality and decorum at some point even explaining how supply and demand works to trump himself which is something. for the communist party official to have to explain to trump how supply and demand works in those back when he was claiming that china was driving down its currency it wasn't the markets that were doing that but look here's the key thing about the w t o the great failing or i should say just thing about the w. toes there's never been an important mechanism ever the thing works by consensus of nations that's how us got into it i realized fundamentally on the goodwill of all signers to the document trump has absolutely 0 regard for the wu he doesn't think it should exist he actually is doubtful about world trade has made that clear about that from the beginning he's really trying to drive us back and his off handed cop with a comment about decoupling i think he was actually serious about it so he doesn't care about the b.t.o. i mean it's shock

is it china? and is it going to force them to change track or, actually, is this rebounding and hurting americans worse? >> well, there's a lot in there. let me unpack some of it. first of all, or even president trump himself doesn't believe explicitly that china is fully paying the cost of these tariffs because you'll recall that he recently suspended the implementation of the tariffs so that u.s. consumers wouldn't be whacked too hard around the holiday time. so it's widely understood that tariffs are paid by the company that imports those goods. they then try to push those costs forward to consumers. now, you asked some other questions in there, what were they? gerry: who's being hurt more, the chinese finish. >> right. gerry: chinese businesses are being hurt, presumably, because their goods are more expensive and suffering competitive disadvantage. >> right. i think the key there is your basic premise is correct. the key this is that we import over four times more from china than they import

zimbabwe and china africa friendship and cooperation. stephen chan is from the school of oriental and african studies at the university of london he says no matter who pays tribute violence on mismanagement will define how mugabe is remembered. living through the legacy of right which is an economic collapse living through a legacy of fraudulent democracy basically the country is on its knees economically there's no productive plan to bring it back on its feet and so the legacy of the book up is going to be a tragic loss for quite some years to come i think. from the robert mugabe years the 1st is a lack of operational planning for productivity the idea of going out of borrowing yet more money to rescue the country that seems to be the only idea in the head of the planners and the head of the minister of finance the other hunger the republican base yes is that you said. i can simply when citizens great as if the government has no response or the proper dialogue with its own citizens i think. we can mount it for a period of time i think t

and china? >> the equity markets love it obviously because they're only responding to china news day-to-day but the markets should not dictate national security issues and that is what we have on our hand. i love what your previous guest just said, let's take it further. this is national security. this is not just about trade. this is about reversing 25 years of foreign policy ultimately led to a lot of failures. largest manufacturing country in the world is now china. we're number two. we lost 8 million jobs. charles: what do you think about the purists that is okay, we don't want those jobs anyway? i had people come on the show, if china wants to subsidize steel at a loss, good for us. although i guess they forget about the american worker who used to make the steel. >> absolutely. what happened to those workers. they have not benefited. half the country has no exposure to equity markets. they lost those jobs and voted president trump in. you could ignore half the country at our own patient. g

-china relations. i give my background and expertise and i'll focus my remarks on the military aspects of the relationship, and in particular look at three issues. first the military balance in the indo-pacific. second the open-ended and long-term military competition between the united states and china and, third, aspects of deterrence. it's my opinion at present that the indo-pacific military balance appears favorable to the united states. that said, i haven't seen anything in the public domain or in terms of military literature that comes close to the kind of analysis and assessment of the military balance that, for example, you saw during the latter stages of cold war between the united states and the soviet union. i think for us to really get a handle on what the true military balance is, there needs to be a rigorous set of regional and functional net assessments done looking at various key aspects of the competition between the united states and china. as the competition with china is open-ended,

-china fsoy ties. chicago soy futures rose on a report that trading teams are working on a deal that would see beijing buy more american farm products. south korea meanwhile says it will file a wto complaint against japan's export curbs on three key materials used in ships. they claim that tokyo was politically motivated in taken the steps after south korean supreme court ruling on wartime forced labor rules. seoul says it wants to find constructive measures to resolve things using a two dispute settlement process -- a wto dispute settlement process. to australia, households are gloomier this month as weakness at home leaves people negative about their prospects, despite government handouts. a survey shows consumer confidence dropped to 98.2 in september with a reading below 100 signaling that pessimists outnumber optimists. yesterday a survey found corporate sentiment was also wewak. -- weak. global news 24 hours a day on air, at tictoc on twitter, powered by more than 2700 journalists and analysts in

with china's. the label as communists and states china subject of some modest compare where their weight they're not trying to run the world they're not even trying to run asia pacific i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because alonso was asian our history and their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill but it's also the product of the exploitation of people after the bottom what are known in china as migrants but they're not really migrants so. if you really. go to talk to these my woodworkers you will find quite surprisingly. over the past 5 to 70 years they have experienced. greater increase there in the social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the new

has warned china not to use force. is beijing concerned about how the world perceives this aggressive stance both in rhetoric and its military presence towards these hong kong protests >> i think you're talking about the chinese military on stand by in shenzhen, which is across the border from hong kong on the mainland side. i think the message there is more or less a deterrent, that the violence and the rioters definitely should not think about ever spread to the mainland because there they will be met with a very strong reaction i don't think it's a message threatening to go into hong kong to bring the situation down. i think, first of all, the scale of things is going down. although it might still take a while. second, i think the riots and the offenders are losing the public support of the hong kong people we see the violence they are committing we see the destruction they are inflicting on public property and the interruption to the daily life of the hong kong people, shutting down the metro and disrupting the ope