united states and europe's relationship as far as china is concerned with china. being in the position i'm in, i get lots and lots of visitors every day from europe. and it's always an interesting experience. i view them as my cousins. my grandfather immigrated on the german side. on the irish side it was my great, great grandfather that imbase rated and i think emof them as cousins. and i ask the german friends if they knew my grandfather which they didn't because it was 1898 when he came here. but in any event i guess i'm a little always i'm getting used to it. but i'm always concerned when they talk about our relationship. and i don't view us as having any kind of difficult relationship with europe at all. certainly we have differences. but i mean as far as the basic relationship our relationship is good. indeed, i'll give you a little anecdote in that regard. i had some friends not friends, people from germany come that were public officials and wanted to talk about a number of things. and the usual kind of issues that we talk about when we get together. and i

but until china pursues that path, the united states and your must compete with china. and must do so with bigger. the united states, the european union have both improved our screening of foreign direct investment and we combine forces to expose chinese governments repression in shin shenzhen. these actions are important start but the challenges of china which are many and widespread will require a sustained commitment. this is and will be the principal struggle of the rest of our lifetimes. the united states and your have always like most friends have some differences but that cannot distract, cannot distract us from what is most important. above all, we must ensure the free international system we built together, we and europe built together, can withstand external pressures, acknowledging the many opportunities for the united states and european cooperation against china will help us to work through our differences. china is a communist authoritarian party state and, unfortunately, the parties values and interests dictate how china operates in the international syst

and china. put simply, china must open further. it needs to resist the defensive temptation to protect domestic firms that would become stronger if they are subjected to best in class foreign competition. but washington needs to resist some temptations, too. decoupling china from u.s. markets by delisting chinese firms from u.s. exchanges is a terrible idea. viviana: former goldman sachs president gary cohn served as chief economic advisor to president donald trump. in an exclusive conversation with francine lacqua, he shared his insight on trade. gary: i think we are having a trade skirmish. i think the two sides have some disagreements on trade, but if you look at what is going on, the two countries are functioning. there is a lot of trade still going back and forth. the united states is receiving the goods from china that we need to have a fully-functioning economy, and our economy is functioning well. i hope that we get a phase one deal done, and i think it is in everyone's best interest to get a phase one deal done. francine:

fault you list the ways the united states is not competitive with china but is not china's fault so i have a few questions about that section but you also write about the democratic norms and values. do you think that president trump and his approach to our democracy is unique in his approach to democratic norms causes difficulties with the moral high ground with china quick. >> i think to a limited extent it does. but there's a big difference between president trump's style which is at times clumsy and offputting and why it is actually happening and you have seen this twice in the last few days the president had an idea which i thought was truly terrible to put the g7 at his resort and within three days the popular reaction was so overwhelming he had to make a hasty retreat. compared with the chinese banning tv shows because they make fun of president xi. or one of the comic characters they decided was like president xi so they banned that from china. we had theodore roosevelt was enormously popular and saved abb grizzly bear cub that was known as teddy's bear then made into a tedd

the us withdrawing from the paris climate agreement and china reaffirming it actually makes china the lesser of the 2 bet guys what doesn't help the u.s. image at this moment is today's a report by the united nations that said that the u.s. tariffs on chinese goods has hurt both economies and especially hurt american consumers at the heart of it all so doing business on the environmental front is also quite a tricky one right now and a balancing act tell tell us more about that trade deal though between a potential trade deal i should say between the u.s. and china where we are right now well china's foreign ministry insists that there has been constant contact between the 2 negotiating teams and just this week china has been more daring in requesting or demanding that the u.s. removes all of its tariffs on chinese goods before moving forward with setting up a meeting between a cd and paying and president donald trump no it feels like it feels like it may have this didn't do it china is doing this because they feel they've meet more concessions than the u.s. inciting this focus in con

the us and china are locked in an increasingly hostile competition in the south china sea, where china has built and militarised a string of artificial islands in defiance of international law. the us responded very slowly. it took a long time before they fully appreciated what china was building. by the time china had really started militarising these islands, it was too late for the united states to respond, and nobody wanted to go to war with china over what they called "reefs and rocks" in the south china sea. $5.3 trillion of trade transits through the south china sea, very near the spratlys. china's actions were, in a sense, an attempt to be able to cut the carotid artery of global trade. so many of the conversations i have had in this city boil down to one concern — that china's rise is nowjust too rapid for the united states to manage. like those islands that appeared almost out of nowhere, there is a sense that unless the us gets a grip on the china challenge, and soon, it might well become unmanageable. the stated chinese government policy is to dominate emerging technologi

and china. shery: how much will southeast china benefit? >> it's the first time there has been a communal overarching framework for people to abide by . i think it will be very beneficial. it ties people into a broader economic sphere. we will all be net beneficiaries. the philippines has been a signatory. i think we are moving towards succeeding and bringing the economies of southeast asia into a broad framework. it is a good thing. shery: how disappointed are you india is not part of it? >> india at some point will answer. southeast asia, china, greater asia, that's already a lot of momentum. shery: do businesses like you, such a large conglomerate, you are basically in every sector. what we arected by seeing in the world of trade and tech between the u.s. and china? to downplaytrying it in a way. does it affect you at all? >> very much so. on the trade side, less. we have trade with europe, china, the u.s.. i don't think that has fallen into that. the technology shift will have an effect. it is unfortunate. i'm a great believer in global

and china brazil it would seem china's growing influence on the continent isn't the easiest to sell to the public. and we're joined by carlos d'souza he's the lead emerging market economist at oxford economics he focuses on latin america while carlos now give us a sense of the stakes here how important is china for latin america. so simon singh is growing more than for latin america but i think we need to understand the kind of relationship is very good and china have is very different from the kind of relationship in china with stan economies are in very different from relationships of china has advanced economies like here in the united states so what we're looking at is that most of us in emerging economies are very export are. going to be exporters so they're dependent on exports in either things like oil or copper or or we call 0 products so that in the nation we're looking at this from pictures but overall we're looking at a kind of relationship in was in which china is buying all these drugs from that in america this is very different from the kind of relationship in europe of t

the people of china. it's the communist party of china that is benefited from all this, and that's when the persecution of the refugees became even more severe. because china does not want the international community to see the horrific things they were doing to innocent men, women, and children that had escaped from north korea. with that i want to thank you all again for being here. if we could have one more applause for gordon. [applause] [inaudible conversations] >> booktv continues now on c-span2, television for serious readers. [inaudible] [inaudible conversations] >> can anyone hear me? welcome, welcome. my name is kai bird. i'm the executive director of the center for biography. over the past 12 years the center has awarded 44 major

china r.o.k. fta and a china cooperation council fta. will stay actively engaged in cooperation within the united and --, the g20, a pick, move economic globalization forward. china will continue the belt and road cooperation. today, with 137 countries and 30 international organizations, sign a has signed 197 documents on belt and road cooperation. china will follow the principle of joint contribution and shared benefits. follow the philosophy of open, green, and clean cooperation, and a high standard, people centered, and sustainable approach. high-quality belt and road cooperation. ladies and gentlemen, friends, looking forward, china will follow the new development and the strategy of innovation driven development and redouble our efforts to foster new growth drivers by shifting the growth model, improving the economic structure, and creating new growth momentum. such efforts will not only bring china high-quality development, but also new growth opportunities for the global economy. i have faith in the bright prospect of china's econ

we don't even need to contain china. we need to make sure that china does not become a power that dominates the region in the international system. that is a doable and achievable goal and i think we should see it as part of a broader foreign policy that seeks to prevent hegemony. but it is hard work and we are in for a long struggle. >> i want to ask you about your trip to hong kong in a minute, but to connect this back to the political resonance, in the beginning you critiqued the universalist project, we're going to help make the world, care about everything no matter where. if you're middle-class american and you have been very articulate on what is going on in hong kong, why should we care about what is happening? whether they are democratic or not, does it affect the average middle-class person in the united states? sen. hawley: great question. i think hong kong is indicative of what beijing is capable of and what they want to do to everybody if they have a chance. first hong kong and then the whole region and then

>> i think xi jinping,ou china's president expects that china will win this war and think that china has a number of advantag advantages, not just the much larger population. also perhaps he thinks is stronger work ethics that impresses me when i go to china. but i think china's leaders assume that democracy is outrageous. they have of course an extremely negative view of democracy and they would ever dream of you introduce an china, we just remember the tea on crush of cs leaders in the cold war, don't do with the soviet union did and don't liberalize. the chinese are optimistic that they will win this because they are catching up with us economically and because of our political system and internal divisions we are not going to be able to go. >> when we come back, your view, long view of history two. ancient and otherwise. how do you think we fair, do you think they win, how do you think the united states bears. ladies and gentlemen don't forget virtually every week that you can watch levintv, go to blaze tb.com/mark to sign up, lease tb/mark to sign up, call 844 levintv and don't

they say if china, u.s. reach a phase one deal, both sides should rollback existing additional tariffs in the same proportion simultaneously based on the content of the agreement, which is an important condition for reaching the agreement. >> this development in the talks came from china earlier today. we did have u.s. official also confirming there is talk of rolling back the tariffs. these are a lot of if's. it is really a significant comment for the sides to make because i think a lot of people were asking, what is china going to get out of any phase one deal? china's number one demand is for the tariffs to be rolled back. no new ones to be put in place, but also the existing ones to be repealed. it would be pretty significant and suggest the fact this is what is potentially going to keep china at the table to wrap up these talks. some bright spots come exports declining less than expected in october but rising on some trade optimism. imports did not contract for the sixth straight month. >> the emphasis

be done is not china. you know, when you have six schools in baltimore in which last year not a single student and six schools, not a single student could pass the state math and writing exam, you have a crisis that would be there whether the chinese existed or not. so, we need dramatic d performs at our own system. we need to reform the pentagon. this is a tired bureaucratic structure. i try to remind people that it was built in 1943 so that 23000 people used carbon paper and manual typewriters could manage a worldwide war. now, we have ipads, smartphones etc. and we still have 22000 people. its maniacal and of course this was everything down and make something too expensive. you have huge zones of reform that we need. the chinese currently are mopping up all sorts of international organizations by basically bribing countries and they will end up either being the leader or having picked the leader with the amazing range of national organizations. we are not even prepared to think about a campaign on the s

china builds and controls key infrastructure, china acquires valuable resources and commodities and china exports its culture through no cost media, mobile devices and educational initiatives. in the process china often also exports corruption. the united states and europe should reinvigorate our relationship with african nations, relationships we build over decades of active trade assistance and security partnerships. similar opportunities exist in the indo-pacific, especially the nations recognized down side of chinese engagement. china believes it is a global leader, but for that to be true it must act like one. china acted like one very well when it recently took steps to combat fentanyl, a real problem in the world. next month china will have to expel more than 10,000 north korean workers from its borders to comply with the u.n. security council resolution it voted for. china voted for. china must demonstrate what role it wants to play. the united states and europe must ask ourselves how do we ensure the intentional -- the international system maintains its commitment to its values,

china. i think the base case is you are going to see more companies that will move their manufacturing operations out of china. in the case of apple, apple may never be able to move its smartphone manufacturing out of china, but it may be able to have more parts manufacturers move their own supply chains out of china, which could help it avoid some of the tariffs in addition to tim cook's efforts to manage the administration there. taylor: mark, i want to switch gears a little bit as well. we saw some technical glitches when disney had to keep up with passport thieves and hackers. we have had apple tv plus have some glitches when it comes to the rollout of their films. one of which they had to pull back. is apple tv plus prepared to be a media company? mark: yes. i think apple's infrastructure for video streaming, the application development it has had for a number of years has been there. so, i think apple, their cloud infrastructure on the consumer side is not normally great, but there hav

how big a threat is china do you think china is? i think it is the most existential threat since the most existential threat since the nazi party in world war ii. i think it is far greater threat than the soviet union ever was. it is the number two economy in the world and its reach into the government's and all the institutions of the west far exceeds what the soviets could ever manage. according to the us government, china has gained the system of international trade and still the newest technology. the result has been a huge wave of factory closed yours and job loss. more and more companies came to the conclusion that partnering with china ultimately was not turning out to be profitable and could actually be downright negative. china's more assertive military in places like the south china sea has also alarmed policymakers in washington. as has china's stated aim of becoming the world leader in new technologies like robotics and ai. if china were to succeed in these areas then it probably supplant the united states as the leading

rhetorical used to be china has not buying from brazil china wants to buy brazil and now that that discourse has softened very significantly and i would say that there is a serious risk that brazil may also be tempted into the arms of china and b r i just like the $152.00 countries that are part of it especially as the brazilian economy continues if it continues to run into trouble and the brazilian economy is not doing well and the fewer alternatives that brazil has the more likely it will be that it will turn to china because b. r i offer is easy money in the short term but it comes with other problems so brazil beats to be very careful and brazil's economy is quite sluggish right now so tell me is it time to let more economies into the club and create a more level playing field within brics. that's an interesting idea i did say that the bricks concept is pretty redundant enough it was always a controversial concept at least politically because these bricks economies are very different economies you know some of them are democracies some of them are not mousies they have great effect they

it all depends how china reacts. china knew this was coming. they knew the president had his hands died. how does -- his hands tied. how does china respond? they will definitely scream and shout. whether they will take any concrete action -- we saw the u.s. go after officials in shenyang. this bill is somewhat connected it allowed sanctions that were not there previously. the rest is similar to what the president can do already. from that aspect, it is more, what does this mean for markets and the trade deal? tom: you touched on this a little bit. does the review process start immediately? what are the prospects of the sanctions? the u.s. state department already reviews hong kong's autonomy every year. they issue a report. antill definitely of the e. this is not something the u.s. does not already look at constantly as far as the reviews of whether hong kong is autonomous from china. the president could pull the whole thing. he already has that power regardless of the bill. the big question now is, how does china respond to that? yvonne: thank

in addition to the china times the one long group on c.t.v. and. one of taiwan's most widely watched t.v. channels the company didn't get it start in the news business though it is time. ones largest manufacturer of rice crackers and soft drinks. for the company and its chairman sayang ming mainland china is not only a mega market the one that's according to an analysis of one once financial statements has netted them nearly $15300000000.00 new taiwanese dollars in subsidies since 2007 that makes china worth staying on good terms with. oh and also. the way in which $11.00 pushes chinese propaganda is infamous and i'm not just talking about its actions this last year or so with a long history to the groups german firing man took control of the china times in 2008 the paper began to change dramatically over the following years as it aligned itself with beijing and its goal of reunification that's idea will be out so. investors like want want don't buy taiwanese companies to generate profits but use them as political assets in their dealings with beij

janet would certainly want to —— china would certainly want to —— china would certainly want to —— china would certainly want to because it has been pushing for more access to india markets and that is something india markets and that is something india has been resisting and that is one of the main reasons india also walked out of the negotiations when it was coming to the trade talk. —— the trade agreement. india has been wanting to give more —— india's thinking is that if they let china more access, it will allow cheaper chinese alternatives and it will hit their own market. what this does is during their bilateral meeting at brics, it could add to the existing baggage between india and china when it comes to trade because remember there are several outstanding issues, especially on that trade deficit which is heavily tilted in favour of china. me so much for that. i am sure you will be watching that. i am sure you will be watching that summit very closely for us. as we discussed on yesterday's programme, china is facing a major crisis as the price of pork has dribbled. the co

we don't even need to contain china, we need to make sure that china does not become an imperial power that dominates the region. that is our aim. that is a doable and achievable goal and i think we should see it as a broader foreign policy that seek to prevent hegemony by any power anywhere, but it is going to be hard work for into a long struggle, in this country with china. >> i want to ask about your trip to hong kong in a moment, but just to connect this to a political residents, and the beginning of your speech, you critique this universalists project where you have the world a democracy everywhere. if you're a middle class american and you have been very very articulate and outspoken on what's going on in hong kong, why should we care about what's happening in hong kong? does that really affect the average or, last person in the united states. >> hong kong is a collective of what beijing is capable of. first, hong kong, then taiwan than the whole region, and then we get to what beijing has already been telegraphing, which is they want to shut us out of the region. they want a re

china trade war but there's also china's working out a deal with the information on that one or that's an important one it's going to be just as fundamentally reshaping of the environment as it is with the u.s. because it's in the investment area china is being asked to to make important commitments in that area and to really scale up its game but china has as i said passed the foreign investment law it has made many of its provisions now are going to be consistent with what the uro's wanted there's still difficult questions on in the area of industrial subsidies which is an area which also the u.s. and china had discussed but broke down in the course of in force ability so we have to be interesting to see how china approaches those industrial subsidy discipline issues with the euros which it could not finalize with the u.s. and if we have it with the euros that's just great i think frankly for the global trading system interesting. international policy specialist with the institute for . american studies thank you so much for joining us to get it again soon. commerce secretary wilbur

have you been to china? i have been to china. when was your last visit to china? i think it was about three years ago. i think in china, you will find that people are very free, very happy. you can't feel it? people are harassed, are threatened, they have a lot of complaints? no, you can see smiling faces on the chinese people. yes, people have some complaints. in any society there are complaints. but people have their channel, you know, to make their complaints known. we have the national people's congress, we have the political consultative conference. you know, if china did not have politics, if our people have no democracy — but china's democracy is chinese democracy, with chinese characteristics. you can't use your standard to judge other countries, just like we will notjudge you based on our standard. let's talk then about xinjiang, one of the provinces in western china which sees the greatest repression. now, you will know as well as i do, in recent days we've seen a new slew of leaks of official communist party documents which show the extent of the repr

conference on trade and development in geneva says both china and the u.s. are losing their trade war. washington's trade war with china continues to draw fire from other quarters as well. there's a lot of people who have frustrations in the u.s. and europe about chinese policy and i think many of these are warranted in terms of intellectual property rights or forced technology transfer or lack of reciprocity in trade investment i don't really think the way trump is approach these is the best way to deal with them i think there are efforts that you could make with the chinese that have their own interest in reducing some of these barriers so some will say the focus on china had been long overdue i think we'll have to see what he actually produces out of it because i think there's a better approach that approach might take into account america's overall appetite for goods from other countries the commerce department says though trade is declining with china the u.s. is more than making up for it by buying from other nations. and how's the trade we're impactin

we don't know what china can do with this kind of social data in aggregate, what it tells china about our society. they can see who we talk to, what we talk about, where we congregate, what we capture on video. not all of tiktok's users are just kids. some work in government or for the military. others are celebrities or work for major american companies in positions of influence. what does it mean for china to have a window into such users' social live? why would we leave that window open? the other empty chair belongs to a company that has helped open china's window on american consumers, apple. we're accustomed in hearings like this one to hearing about apple as a good corporate citizen. it encrypts its messages. it limits its own data collection from users and gives them privacy controls. but apple's business model and business practices are increasingly entangled with china, a fact they would rather we not think too much about. china is essential to apple's bottom line, both on the supply and the demand sides of their business. apple's investments in chinese production have helpe

disadvantaged in china now. creating new balance links requires that chinese market access procedures be accelerated to make more transparent to enable foreign companies especially innovative ones to establish themselves in china with confidence. of the question. she repeated his mantra about globalisation and opening up chinese markets to foreign investment but he offered no new initiatives to ease trade tensions with washington and europe. china has been feeling the pressure of the trade war growth has tumbled to 6 per cent prompting the country to seek a new ways to boost the economy. job for china will be happy to conclude high standard free trade agreements with more countries will also speed up negotiations on the china e.u. investment agreement of china japan south korea free trade agreement and of china gulf cooperation council free trade agreement. on the e.u. delegation will now try to seize the opportunity he now heads to beijing where he hopes he can build on the shanghai goodwill with she to address

answer is still to boo in china. here in the rural province of shandong this man has asked us to conceal his identity to protect his family's reputation. leming is not his real name. just like a good idea and he is in the terminal stages of lung cancer he's been taking the same drugs but it hasn't stopped his concert from spreading. having spent nearly all his family's savings on treatment he was about to give up. for the meet catherine out of the fla. look at ohio us look. through this all ok got it together than ever before that. but then leaving discovered a company that gave him a new home. here he's able to access treatment in medicines not available to him in china. i got there. with the help of the company's founder young chen leeming has his 1st consultation with his new doctor 4000 kilometers away in delhi. yes. i'm. sure there's a lot. of you going. to see his new doctor in the us and buy the drugs he recommends without breaking china's nose leming has decided to travel to india with the help of young chen'

and abroad and later as china u.s. tensions continue to rise tech programs have found themselves in the crosshairs christiane is back with the show today to break down how video sharing app has come under fire in congress and of course as we go to break here you know birds at the close. is you'll media a reflection of reality. in the world transformed. what will make you feel safe from. isolation community. well you go in the right way or are you being led so. direct. what is true. is free. in the world corrupted you need to descend. to join us in the depths. or a maybe of the shallows. thousands of american men and women choose to serve in the country's military and the decision lives every song came to a complete. the day that i was raped. you know told to shut up but they'd kill me and i see how it destroyed my life any screamed at me and he made me come in and you graham my arm and he write me this bird think if you take into account that women don't report because of the extreme retaliation and it's probably somew

quality founder ren junk fate is a legend in china. he wants to counter widespread claims and accusations that his electronics empire is too closely involved with the powers that be in beijing. you want to go high selling knowledge titian's have to talk about that we have to market persuasive products they are our best argument for all. the controversy is about the future of the internet while way as a global leader in 5 g. technology which radically speeds up data transfer that boosts capacities to steer and monitor citizens and traffic something that makes 5 g. dangerous. although of course we can guarantee germany that we won't pass on any data that's a promise or for what we. call way produces marvelous surveillance technologies such as the city of the future where nothing goes unseen the chinese police state exploits the technology ardently but chancellor merkel has ruled out excluding qual way entirely from germany's own 5 g. network resistance is mounting though even in her own party it is for me it's about huawei without having

that how china can help africa or how african benefit from china. can benefit from china. i think a lot of our experience, our ideas, our know-how, can enable and help african young people. meanwhile, i start to think, how can china help in a more official way? china put a lot of effort in africa. , i heard avery young lot of doctors in my hometown, they have to go to africa for a year to help. africa,today china and africa can learn a lot from developedt how china in such a quick way, how we lift poverty out of there. we are not in a hurry. we don't have a plane yet in the first, we areause very profitable. we have a lot of things we are year makingthis sure we have enough investment for the future. >> do you know what exchange you will be looking at? >> we are not thinking about where yet. >> jack ma speaking with bloomberg. are a look at how markets trading in asia. the nikkei under a little pressure. we continue to see strength for the japanese yen. it has seen its longest winning streak against the u.s. dollar since may. the kospi holding steady. the asx 200 being led

what tools could china use? tom: they do have some tools, that most of them are double-edged swords. think about delaying the trade talks, for example. the economy here remains under significant pressure, and we know beijing is incentivized to get that partial deal, to alleviate that pressure. so with trade talks, they could do that, but the flipside is the economic pressure here. in terms of other measures, they could restrict the import of u.s. goods, but most u.s. goods coming into china already have tariffs on, so its not clear that would have much effect. and chinese officials have been touting things that would, if published, restrict some companies from the chinese sector. but china is going out of its way to attract fti and that would undermine their attempts to attract investment flows. in terms of diplomacy, they could do things to make it more difficult to impose those sanctions on countries like iran and north korea. so they do have some measures, but most of them have a potential four-ball black --

and china, china and the western world are different when it comes to human rights, democracy and this difference will not go away and we have to assert that occasionally and china knows probably it has to live with it so in my view i think this is hopefully just a modest spat but nothing that will take china away from the big picture, safeguard its own economy by signing a deal with the u.s. on trade. >> the issue is it started off with a trade deal of the exports, trade deficits, then moved to currency discussion and technology war but u.s. companies are being targeted and singled out for having exposure -- too much exposure to china we saw that with the case of the nba if they get outspoken or something along the political lines, even though the u.s. president has signed into law support of the protesters so there is a reaction do you not expect there to be ramifications for u.s. companies in dealings with china >> i do not expect serious ramifications from that because ultimately in the big picture china needs the u.s. companies more than vice versa despite its strength in some foc

china has just approved him. he will be the seventh commissioner of police since hong kong was handled over by britain to china in 1997. he replaces -- he retired on monday after 35 years in the police force. stay with us. plenty more to calm. -- two,. -- to come. this is bloomberg. ♪ paul: this is "daybreak asia." i am kathleen hays in new york. chinese consumers are rediscovering their appetite for iphones. apple shipped devices to the mainland. a 6% increase earlier. gurman, whoin mark covers apple for us. his iphone 11 that much better or has tim cook just come up with a better' better sales strategy? year, they were very muted upgrades. they did not have a lot going for him. the iphone, they have this new midnight green collar. about -- a bunch of bells and whistles. they did not have that last year so the obvious take is of course this year is better and if it was not better, it would be a disaster. everything seems to be on track at least on this topic for apple. kathleen: do you think they have really d

response to this topic china has been, up until now, content china has been, up until now, co nte nt to china has been, up until now, content to sit back and let the protests go on in the hope that they will run out of steam stopping most of those opposition candidate ran with and either explicit or understood alignment with the protesters and they have one with resounding victory. that means the protest movement has great momentum and it is not going to stop. and that's the point, isn't it? this huge momentum they have gained today after what has been a very difficult fortnight where protests have carried from the weekend right through the week, and caused massive disruption to everyone in hong kong. the protest movement has become increasingly radical, as the youngsters leading at have become more frustrated, as they have been distressed by what they see as police violence, and as it has escalated, i think china's calculation is this is going to peel off moderate and ordinary hong kong as. the selection suggests that people are broadly still very sympathetic to the goals of the pro

and china ?uperseding hong kong the city can-- hardly compare with the 1.5 billion in china and the 300 million in the u.s. concern remains the u.s. for a business. we see more potential over the next 10 years in these two countries. hong kong will remain one of the top five hubs for business in the future. rishaad: why is it such a big watch hub? >> hong kong has got the chance to be a trading platform. rishaad: it always has been. >> i am sure it always will be in the future. shopping, it was especially a major destination. when you have a couple other cities important for other mainly ahong kong was shopping destination. you see how much variety and new concepts which exist in hong kong. it remains a magnet for many nationalities. i remember when the japanese were coming in in big numbers. destinations been a for high end luxury. yvonne: what are you doing to capture these chinese buyers? are you doing things catering to their taste? >> what we do in mainland china is more what we do in the re

china trade dispute help india's jewelry industry on the whole. well not exactly there was a lot of expectations from indian companies as you just seen that their indo china china and use their trade wall will help india really exports but actually it does not happen in fact in the month of october our own julie exports are in fact us dumbed down almost 6 percent and this trend is expected to continue for the rest of them and actually regions in march or next year so what has happened is there's a black swan event of course a lot of india's trio james and your rates were supposed to uncle and as you pointed out just down with your program earlier of that hong kong is going through a kind of protest which is a feature that in fact is the 3 in between india and hong kong over 35 percent of india's their own soldierly who through phone call and this is in fact in the industry a lot. there was some hope that other sectors of the indian economy could also benefit from the tussle between the u.s. and china did that materialize well not exactly again no

is china. even over several phases we may not necessarily change the way they do business in the way they approach the world. i actually think the pompeo his remarks at that dinner, are starting setting the stage to see we might have to get tougher on china in a way that that have to deal with economics but when it comes to the stock market, phase i, the tariffs. it has to be settled. >> went illuminative. we just got word that the president is speaking to reporters about trade china and much more. we will bring you his comments, just is soon is they come in. we'll start spreading the news that president trump is leaving new your, is he doing it to get a boost in 2020. we will debate that coming up next. >> president, is go to more hospital full hard-working hospital full hard-working americans. (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums cooling sensation. do you want me to go first or do you want to

generally speaking no china exports far more goods to the us done done the opposite and likewise china invests heavily into u.s. financial markets but there is a weakness on the american side and that is particular to gartner group cultural products and this is something that comes up time and again in negotiations the american side demands purchases of agricultural goods this is the to clear him important at the moment because the us is heading towards election in 2020 and in the states that do exports are good cultural goods to china a lot of them are voting for trump which means that if he can secure a trade deal for them they might not come off and go through him. so given all of that how likely is it then that we will see a settlement this year well there was the talk of the so-called face one trade deal now we've heard we've heard similar stories before just been promises of purchases of these are great cultural goods but usually what happens is that it doesn't tiriel us this time markets has been the case in the past markets have responded to to with hope towards a trade deal we

china trade war and the u.s. acquisitions that we just spoke about we bring in the editorial director at the american institute for economic research jeffrey tucker jeffrey thanks so much for joining us today i want to dive right in and start with the ongoing trade war contrary to media reports both sides are saying that they're close to a phase one deal but will we see the signing of that partial deal before the end of this year. i think it's likely they'll be some cosmetic deal if not before the end of the or maybe for the 1st of the year just just for political reasons for hopes that markets can begin to calm down but i don't really think it's going to amount to anything so here's what's really important to keep your eye on here what china wants is a lowering of the tariff barriers so they comes top of this for tele route telling tory measures that matters more than anything else the trumpet ministration does not want to budge any aspect of the terrorists at all this is very critical to understand the tariffs

and china. we will not be made to choose your how they threaded that needle is going to be quite difficult. francine: are the protests and the responses to them linked to the trade talks? no.ew: in our view, especially from the chinese side. the chinese side has been good at keeping these issues separate. traded separate from tech from investment from hong kong. it is the top administration that has lumped these things together, for example bringing huawei into the trade meal dixie -- mix. we are not confident the talks will fall apart the chinese have been good keeping these issues separate. francine: andrew polk from trivium and julian from rathbones. coming up next, blade runner. hen musk flips the script as unveils an electric-powered pickup cyber truck in los angeles. this is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any ti

china seemingly winning china's got 5 g. we don't have 5 g. they're moving to 60 they have all sorts of technologies that we don't have there is a sort of anger going on and the dishonesty in the game you're seizing somebody else's assets but now i want to turn to a headline this week and that's why the madeira story is relevant it's relevant to an ongoing gold versus between debate that we've been following peter schiff of course says between is fake money it's a ponzi scheme blah blah blah he says gold is the only way to go is the only way to store your wealth well of course the nation state of venezuela had their gold seized that happens on an individual level but here on the nation state level with bitcoin venezuela's president maduro touts trey's or bitcoin wall and national television on november 6th president of venezuela nicolas maduro a parrot on state run television venezuelan television corporation holding a crypto hardware storage device allegedly developed major wallet supplier trace or the video is posted on th