recognizes there is only one china, it's the people's republic of china in beijing, the u.s. does not take a position on taiwan's status. the u.s. position is that taiwan status i.e. whether blogs w to china or not, is undetermined. second, the u.s. policy under the taiwan relations act is the united states is obligated to provide arms, military equipment and services sufficient for taiwan to be able to defend itself, and that's a legal requirement under the taiwan relations act. and third really the most important principle that undergirds all of u.s.-taiwan policy is that any changes in the status quo between china and taiwan need to happen through peaceful means. in other words, it can happen by military force or coercion and it needs to be acceptable to people on both sides of the taiwan strait. in other words, in china and in taiwan. and so i suspect that is what president biden was trying to refer to briefly. >> what does taiwan want from the united states? >> taiwan wants u.s. support so that they can maintain its free, prosperous, democratic lifestyle and resist intim

recognizes there's only one china, it's the people's republican of china in beijing. the u.s. does not take a position on taiwan status. the u.s. position is that taiwan status, i.e., whether it belongs to china or not is undetermineed. the u.s. policy shows they are to provide arms and equipment and services sufficient for taiwan to defend itself and that's a legal requirement under the taiwan relations act. and third, really the most important principle that undergirds all of u.s. taiwan policy is any changes in the status quo between china and taiwan need to happen through peaceful means. in other words, it can't happen by military force and co-worse and needs to be acceptable by those in china and taiwan. so i suspect that is what president biden was trying to refer to briefly. host: what does taiwan want from the united states? guest: support so it can maintain its free prosperous lifestyle and resist temptation and political fresh influence beijing. host: jacob stokes, describe the military buildups by china. when did it begin and what does it look like right now. guest:

we are not in china. rep. castro: this is not necessarily have to be something that in flames tensions towards china. there is already in the united states, and in the congress -- [no audio] -- also have to define when they cheat. this could be a way to a greater understanding of their perspective. there are challenges that americans and congress face. i do not believe we have clearly defined what it is we should compete with china when they are competing with the united states and other nations. when they are cheating and when -- and what we need to call them out and finally when we ought to cooperate on certain issues like climate change or security in different regions of the world. jonathan: this is no small feat getting bipartisan legislation related to this center. it was introduced alongside republicans like gallagher. both of you have spent time talking about china and the challenges it represents. what you talk about it it different ways. you have characterized a challenge in different ways. you said

i mean, china is not trying to export its ideology. what is china's ideology? probably wouldn't make a lot of sense to us, but that's something for them. but we in the west are constantly exporting our values through the use of force. okay. i think you get people had a choice though. it's an easy choice to make luke ahead and jump in. yes, i agree with you, but if you look at taiwan, i mean the issue is not you with dates back to 949 and that part of check i checked, but time when the still there is still a thorn in the side of china and dumb, it's a danger because as you said, america is very much into security, and we've heard joe biden, a few weeks go out to say that job the why split defense made tally taiwan if ever attacked. and i see that there are, there is the only possible war issue that could to, you know, explode in the coming years. that's the only danger for the rest between europe in china. i don't see any real problem. we have a rope in europe. we need to re industrialize the continent. all we have to look, let me jump in here. look, let me jump

by china. but generally speaking, this is really fortunate, but on the other side, you know, few things to understand the role of china in the global climate change, you know, process 1st kind of does this sort of iconic making to break it. so yes, at this moment, china continues to be the word a largest, and i tried a year and somehow trying to also hold this binding global curve sort of positioning. meaning, china's action will form mentally, hopeless, accelerated on the be me and the curve so bad since the global ambition to achieve negative carbon by around the made up thanks, rate will be delivered. secondly, if you look at the reality today, there's something interesting numbers actually. somehow west media cannot really pay much attention to. if you look at the last year and globally 60 percent of the wind energy products and equipment provided by china. if you add solar and other renewable energy equipment facilities and products, china provides somewhere around the 70 percent of global

china's national interest. i mean, then we will, can watch our video about the economist magazine on our youtube channel in widely quoted remarks around the world ebay gene correspondence saying she gen being will try and unify china before he leaves office. when he may glove, he is very popular among the chinese people. he probably will be very long, so be in positions, not the unification of china. that is channel's mainland, with china's taiwan properties, is a major trend of our time. it will happen sooner or later. it will happen peacefully if we can, and not peacefully if it has to be. so we need to prepare for that day when the reunification will happen. and i personally believe no force whatever from whichever part of the world will be able to stand in the way of chinese people's reunification. now, you know, repeated an expert opinion over the decade saying china's economy was about to blow up with poor growth. all the rest of it. we have headlines in nature, nation media saying you have massive power

so for example, china only has one military base outside of mainland china. they are working very hard to place those military bases and other continents around the world but the united states in that respect still they have done a lot of work to expand their alliances around the world whether it's in africa, latin america or europe and they are doing it very quickly. >> when it comes to diplomacy and who is winning the influence between the united states and china, china has distributed 1.12 billion vaccines according to its own data. and the united states has delivered 190 million vaccines. the chinese vaccines may not be as effective probably but how do you think they have fared when compared and when it relates to sort of vaccine diplomacy coming out of the coronavirus pandemic? >> i feel among the members of congress that argued we should do more for the world obviously we need to make sure we take care of america and get people fully vaccinated and boosters in people's arms but also that we step up our efforts around the world. you are right, china prac

it is china willinu supercritical role. it is china willing to — supercritical role. it is china willing to play _ supercritical role. it is china willing to play that - supercritical role. it is china willing to play that critical . willing to play that critical role? is it willing to adapt out industrialise is austin markjohn has made commitments. it's emissions have quadrupled since 1990 but it says they will pick 42030. the blue line here shows is on target to do that, the right now, china �*s emissions are going up, unlike, for example, the us. john also wants to be carbon neutral by 2060. that part is shown here in red. us and the eu are for 2050. the context, though, is that the west's industrialised economies were created on the back of fossil fuels. president xi argues that the west wants developing countries to become wealthy or via a different route, the west needs to help. developed countries need to increase climate ambition and action and make concrete efforts to developing countries accelerate the transition to green and low carbon development. the pr

position in china. europeans are more than capable on conventional defense more or less with assistance. they outweigh russia in gdp and military power and i think they should. hopefully we continue pushing them on that front. finally, i do think we need to moderate the amount of defense spending. paradox of spending is you want to keep it low so you for the reasons private citizens decide where to put the money because if you spend too much in defense it can have a negative effect on the economy. and if you spend too much little and you can spend too much later. so, again, debate of my own view and certainly given the level of resources that are currently talked about being allocated by thenings effectively cutting defense budget. we have to be laser focused on the one scenario and not get caught up in thinking about other scenarios at the same time. >> let me pull a little bit because there's a common argument that you will find in defense strategies and i don't know how to describe it. it's a shortcu

the china of 2021 is not the china of 1971 or even the china of 2011. china today is challenging the united states and destabilizing the international community across every dimension of power. political, diplomatic, economic , military and even cultural. with an alternative and deeply disturbing global model of governance. i truly believe that china today led by the communist party and propelled by xi jinping's hypernationalism is unlike any challenge we've faced as a nation before. for decades, we have failed to curb its growing rage and its predatory economic behavior and aggressive efforts to coerce neighbors in the maritime domain. the crushing of the religious autonomy of tibet and campaign of genocide against the uyghur people and digital authoritarianism to suppress its own people. china today is more active and more emboldened thavren before. -- than ever before. there should be little doubt that the right framework for thinking about our relationship with china today is strategic competition. not because that is necessarily what we want. but b

so how exactly will washington county china? well, i mean, it's interesting the proposition that washington can counter china name for structure, but also including principles, right? because washington's investment is not just for building roads and bridges or dredging ports, it has to do with, you know, advancing gender equality and digitalization and, and lowering in quality in the region. but washington has a lot of baggage than china dawson. and so for me, the key question is to see how the bite and administration is able to implement these policies and whether it will be able to compete with china on infrastructure or whether this will remain an ideological battle round. and certain governments in the region will choose china because of the ease of access to finance and delivering large infrastructure projects. and others will choose washington because of their commitment to western principles that are coming from the white house. what about the, their interests? i mean, washington's interest could be boiled down to securi

and china, my friend,lays a supercritical role. ross: is china willing to play that role? industrialization has lifted millions of chinese out of policy. but will it adapt? let's check what china has promised and what is being done. china has made a number of climate commitment. it's admissions have almost quadrupled since 1990, to about 14 billion tons of co2 a year. now, it says emissions will peak before 2030. and it is on course to meet that target. right now, though, china's admissions are going up, unlike the u.s. and e.u. china wants to be carbon neutral by 2060. for context, the u.s. and e.u. are aiming for 2050. president she highlights correctly that western countries have been emitting high levels of carbon for far longer than china. industrialized economies were created on the back of fossil fuels. china says if the west once developing countries not to follow their example, they should provide more financial support. here is president xi. president xi: other countries need to make concrete efforts to help developg countries accelerate the transition. ross: the

can change china. i just doesn't make a lot of sense, this idea of having military tactics or directions against your largest trade partner. i think it just, it is flexing and that's, that's really what it is. but we live in a, you know, kind of post hypocritical age. and i, you start thinking about it here in one sense, we're about 226. everyone's concerned about china's, you know, making a commitment to, i'm getting, you know, coal down and they are say they're going to stick to their long term goals. but there's a fluctuation right now because it, but on the other hand, your pin is, are absolutely concerned that china will not be able to supply enough of title interior deals for cars. because why they haven't had enough electricity because they're not now having to burn coal. so on one hand, they say, oh, we want you to do these things on the other hand and say we want to do the opposite . and this is the problem today. there's no sense of irony or hypocrisy amongst any of the stations. they just si

china? that's the key point in the public markets, but china is a large predator, it has a policy of predatory and new colonial lending in the emerging world. in my view, that's not a constructive way to achieve financial stability. hence, my firm and continued objection to the biden treasury massive approval of an issuance of special drawing rights by the imf in the name of helping poor countries build reserve assets in the face of the pandemic. this on targeted, ill-conceived approach, is a massive subsidy to china and chinese objectives across the third world. my bill, h are 1568, the oversight act, would correct this approach and provide much more targeted and appropriate approaches for america in our advocacy. it sets a congressional approval for future allocations and does not allow americas representatives to the imf to vote for in favor of a country that has committed genocide in last ten years, repeatedly supported international term -ism. likewise with china, now the largest credit

she wants taiwan to be independent of china. this pro—beijing analyst believes china's show of military power is, in part, a message to the taiwanese president. huiyao wang also presents a second factor — that china is also being unreasonably provoked. the third possible reason for china's actions comes from retired us army general stanley mcchrystal. perhaps china is doing this now...because it can. it's different than five or ten or 20 years ago because the chinese military now has enough credible power to at least contest with the united states over the potential defence of taiwan. and that's a very different dynamic. and this different dynamic is one beijing is well aware of, not least because of what it's done in hong kong. injune 2020, china brought in new laws that drastically changed policing, democracy and freedom of speech in hong kong. the west condemned the laws, but they stayed. beijing had done precisely what it wanted — and that brings us back to taiwan and whether china may now feel emboldened to act. even

china. it has a sort of historical piece and then a way of looking at u.s. objectives and how to test weather we are better off being engaged or disengaged from china and so you'll -- she'll go through some of that and the panel will help her dissect that. before we get to that, we're just delighted to have congressman french hill, republican from arkansas, join us to provide keynote remarks not about the report, but sort of to help us frame the conversation about the u.s./china economic relationship and the financial relationship. congressman hill sits on the financial services committee in the house of representatives. he's ranking member of the housing community development and insurance subcommittee and important for this conversation, he's also on the subcommittee on investor protection, entrepreneurship and capital markets and the subcommittee on national security, international development and monetary policy. also in addition to that service, he served as one of two congressional rep

and in china, are so different. we are seeing that play out in organizations, playing out in the discourse. from the united states perspective, the rise of china is basically seen as a glass half empty, written to the liberal international order. the chinese, first and foremost, want a seat at the table. on a different project we did, we had chinese representation at one of the roundtables and they said china may have been allowed to play at the high table but they are always reminded about who owns the casino. it is seen as a restoration to a place where the country should have been all along if not for western predatory colonialism. we are seeing the end of an historic anomaly of china catching up, wanting to have a say in international relations, including in those standardization organizations. given the size of the chinese economy, they are actually underrepresented in most of the bodies, while the united states and european countries -- myself, i am from germany -- have export economies that benefit. when it c

the unification of china, that is china's mainland, with china. taiwan properties is a mega trends of our time. it will happen sooner or later. it will happen peacefully if we can, and not peacefully if it has to be. so we need to prepare for that day when the reunification will happen. and i personally believe no force whatever from whichever part of the world will be able to stand in the way of chinese people's reunification. now, you know, repeated an expert opinion over the decade saying china's economy was about to blow up its poor growth. all the rest of it. we have headlines in nature, nation media saying you have massive power goods. you learn human rights abuses, engine. jang, whoa. i mean is the power on in beijing? it looks like you have a lights on there. apparently call stocks for only 15 days left for the 6 biggest power generation companies. but 11300000 tons of the 21st september. when i'm talking about the power shortage in china, i would say to a very large extent that was inflated by china itself. why, because china now has declared to the world and has informed the

was to keep china at arms length. and china is happy to try to undermine her. but of course, there is a risk, a danger in this of that, her back firing that that drives more people in taiwan to rally around their president, especially when they see the shows of force or from neighboring china latina from scott harold, who's a senior political scientist at round corporation, he thinks china's recent sure a force is unlikely to escalate to a full invasion. at this point, beijing is looking to put enormous pressure psychologically and operationally on taiwan in taiwan society as well as i want armed forces. at the same time, beijing is in the signal to the rest of the world to try to elicit from the rest of the world. some sort of understanding from china that their position is correct and that taiwan will not be allowed to do things like join the comprehensive and progressive agreement on a trans pacific partnership or deep. and it's on official ties with the united states, japan, australia, and european actors. however

-china decuming. i'll introduce stephanie in a second, she'll introduce the report, she's been working on it for the last 8 months or so. it's a terrific contribution to the conversation about this charged topic of u.s.-china economic cooperation. i want to thank, before we start, the smith-richardson founding a. the smith-richardson foundation has been a generous supporter of the csis and our programs particularly. without them we couldn't do what wedo. i'm going to just turn to this to the stephanie, sorry, before we get to stephanie and the terrific panel that we have, i just want to say that this report, you'll see, provides a kind of, a really thoughtful methodology for thinking about our economic engagement with china. it has a sort of historical piece, and a way of looking at u.s. objectives and how to test whether we are better off being engaged or disengaged with china and so you'll -- she'll go through some of that and the panel will help her dissect that. before we get to that, we're deligh

understand china's goals. i am wondering if this is enacted and passed into law and the translation service center, gets erected and stood up, do you think we would then develop a more ominous understanding of china's goals or a more benign outlook? what do you think by this greater understanding what do you think the takeaways would be of the china we've seen that we live in that we live with today we are not in china. >> you broke up a little bit during that question. this does not necessarily have to be something that inflamed intentions towards china. there is already in the united states and in the united states congress. [inaudible] also how to compete with china, define when they cheat and so forth. this it could also be a way to achieve greater understanding and understand their perspective. and again, their challenges as americans that we face. for example i don't believe we have clearly defined when it is we should compete with china when they are fairly competing with china andnd other nations. but

china.— direct trade talks to come between the us and china. trade and economic relationship is — the us and china. trade and economic relationship is one _ the us and china. trade and economic relationship is one of— the us and china. trade and economic relationship is one of profound - relationship is one of profound consequence. as the two largest economies in the world, how we relate to the each other does not just affect our countries, it impacts the entire world and billions of workers. this bilateral relationship is complex and competitive. president biden welcomes that competition to support american workers, grow our economy and createjobs at american workers, grow our economy and create jobs at home. american workers, grow our economy and createjobs at home. he believes we need to manage the competition responsibly and ensure that it is fair. , ., , ., ., fair. divided administration has ke -t fair. divided administration has kept sanctions _ fair. divided administration has

>> i would not write off china. at aberdeen, we see adding to china. very stock and tried to sidestep policy headwinds where you can. but long-term i think it is still an attractive investment destination. aside from china, we have seen excellent numbers coming through from india. it is largely decoupled. there are not many connections from an economic standpoint from china and india. so the economy is in the early stages of what could be quite the upswing. there is a rebound from reopening from covid. there is a similar dynamic, maybe not as robust, but still dynamic from southeast asia. kathleen: japan does not seem to be on your list. they have an election coming up with a new prime minister pretty much already in place. how do you view japan right now? >> a little bit more cautious on demand from my perspective. there are linkages to china, which is impacting companies. personally, i am more focused on india and southeast asia. i think there are areas that remain attractive from a portfolio standpoint, like the hardware sector and anything on the l

by china itself. why? because china now has declared to the world and has informed the chinese nation by 30, by 2030 channel, need to have the p t of the c o 2 emission by and the 60 challenge to achieve neutrality. all c o 2 emissions as a result of that, the chinese government is really put in a lot of pressure to cold, sterile coal based power stations. and that actually was a big reason why there has been recently a big shortage of power in some places, abrupt of, of power supply without informing the people in a timely manner should be corrected. and then the government and power suppliers need to figure out a way to make sure that while china is absolutely doing the right thing to the c o 2 emission by closing down some other kobe's, the power plants, how china can manage to provide enough power from other sources to the end users, that's a challenge that china need to are going forward. the un says it's not gonna happen in time and have even in 2021 you're having problems. the fossil fuel emiss

china was and has always been his top priority. it. oh, so i mean, at the end of the bay, i mean i, i don't know of the cia is as big as, as bad as it wants to pretend it is than what it actually is. but the question still remains was china the foreign government jonathan toby was trying to give those secrets to that's still has yet to be investigated. and revealed for news use use. i'm fair in france, act. now after the break, a series of bottlenecks is creating a shortage on just thought everything. but who was to blame and is the us relying more in for an oil causing the global energy crisis? when we return ah, and i make no, no borders line to tease and you guys as a merge, we don't have a therapy. we don't have a vaccine. the whole world leads to take action. that would be ready. people are judgment, common crisis with we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great, the response has been massive. so many goo

then china has decision. i can say i'll give up to live to fight another way or i can try to escalate this. they lost in the immediate battle and they can do that, they could blow some tankers in the middle east but have probably not matter that much. or they could see launch nuclear strikes in america in we're really going to be angry and we can impose costs back on them by then that context it will be the ones are been what i think of as the burden of escalation. they are going to seem like the aggressor and the bad guy and we will be, fdr talked about our righteous might or the flashing sort of anger or vengeance i should say. that's not going to end well for them either. that kind of mixture is the right for emphasizing to his right strategy plus the right strategy for the american people. we can't have a strategy that relies on acceptance risks with a think about how we would get there. >> we're going to go to audience questions next. i want to hit you with one more because of one mature we talked about

and china. and followed the evolution of that engagement up through the present and, basically, the goal there was to understand the rational for engagement, so the u.s. wasn't engaging with china as pure benevolence, but a way of advancing u.s. objectives and we see an evolution over time of how those objectives were geo strategic initially, but how the economic objectives really became more prominent as that relationship evolved and then began to include things like global public goods and global norms as china became a much more important player on the global stage. so we took that historical framing and that historical understanding of how u.s. objectives are impacted by u.s.-china engagements and we brought it forward to the present and have used it in our frame work to evaluate both u.s. objectives and whether or not u.s.-china engagement in specific activities advances or hinders achievements of those objectives. so that's really the core of the framework. there are four distinct pieces t

and other waters around china. this is a very serious matter, and china condemns such incursions and they are not purely freedom of navigation exercises. they are using freedom of navigation as an excuse to challenge channel sovereignty and territorial integrity. and in such a way, china not only contends date, will prepare the consequences for such violations of channels. national interest. i mean, though, we were going watch our video about the economist magazine on our youtube channel in widely quoted remarks around the world image in corresponding was saying, she jim being will try and unify china before he leaves office. what he may give, he is very popular among the chinese people. he probably will be very long, so be in positions, not the unification of china. that is channels. mainland, with china's taiwan properties, is a mega trends allow time, it will happen sooner or later. it will happen peacefully if we can, and not peacefully if it has to be. so we need to prepare for that day when the re unification

certainly xi jinping's claims that _ china? certainly xi jinping's claims that china _ china? certainly xi jinping's claims that china will - china? certainly xi jinping's claims that china will have l china? certainly xi jinping's. claims that china will have to do —— taiwan will have to be absorbed by china. the taiwanese president has every right to feel anger and the people of taiwan have a right to feel frustrated that china will not seek to negotiate their differences as equals and respect the people of taiwan's hard—won democracy and i think president she is going to continue to try to rattle his sabre. the reality is that his sabre. the reality is that his sabre cannot achieve what he wants. there is no cost acceptable way for china to engage taiwan militarily because it would mean engaging taiwan the us, japan and many other countries, possibly the uk. and that is too costly for china to win that conflict and think that it could do in a way that was acceptable.- that was acceptable. today is the taiwanese _ that was acceptable. today is the taiwanese national -

she is living what china's leader xijinping has called the china dream. the ruling communist party's ambition of a moderately prosperous nation that it still controls, but it's facing competing pressures as it tries to make that dream a much cleaner one. timing is the key issue in all of this. not if china will cut emissions, but when. real estate agent, john, told me his country is an infrastructure monster. it will slow down when it's ready. build big might not have made china more beautiful, although on some roads you find surprises around the corner. but the people who talk to us were clear, it has made this country better. the communist party leaders here now have to work out how to keep this powerhouse economy growing and stick to their promise of a richer country but make it grow greener and more quickly than it currently is. robin brant, bbc news, wuzhou. wholesale gas prices reached a record high amongst a 40% and a single day. they then went on to fall after president vladimir putin said that russia might boost supplies to europe initial while a

-china relations? ethan: anyone who wants to see a world tt is not defined by a new cold war need to take a direction that china has had it under xi jinping seriously. i lived in hong kong for a year after the national security law took effect. iaw with my own eyes how civil society, that had long existed, was being smothered slowly, day after day. ancient jane, we have seen a massive crime against humanity take place. at the end of the day, we need to be able to walk and chegum at the same time. beijing is increasingly brutal and how treats places like hong kong. at the same time, the kind of escalatory path we are heading on offers no future for the world. also, i would add, while the west in washington are not to blame for china's actions in hong kong and xianjiang, when you have this overall unified nationalist message that washington is embracing around confronting china, this reinforces the same chaunistic, nationalist forces in china itself. that can contribute to an environment where china cont

this is clearly china _ say, china has reacted. this is clearly china pushing - say, china has reacted. this is clearly china pushing back. . say, china has reacted. this is clearly china pushing back. it| say, china has reacted. this is - clearly china pushing back. it shows you just how far we have come, i think, from the era just a decade or so ago, when the two sides looked to potentially be able to find a compromise, putting aside their differences, essentially kicking the vexed question of exactly what taiwan was down the line and strengthening business ties. the president made it very clear today that that era is over because the direction that china is taking, it is growing increasingly authoritarian and she sight of what happened in hong kong as a warning to the people of taiwan and she is saying that it is taiwan's democracy, its unique identity that needs emphasising and this was really an appeal to allies, two allies in the region like japan, but also further afield and particular, an appeal to washington. so, tensions

-china decuming. i'll introduce stephanie in a second, she'll introduce the report, she's been working on it for the last 8 months or so. it's a terrific contribution to the conversation about this charged topic of u.s.-china economic cooperation. i want to thank, before we start, the smith-richardson founding a. the smith-richardson foundation has been a generous supporter of the csis and our programs particularly. without them we couldn't do what wedo. i'm going to just turn to this to the stephanie, sorry, before we get to stephanie and the terrific panel that we have, i just want to say that this report, you'll see, provides a kind of, a really thoughtful methodology for thinking about our economic engagement with china. it has a sort of historical piece, and a way of looking at u.s. objectives and how to test whether we are better off being engaged or disengaged with china and so you'll -- she'll go through some of that and the panel will help her dissect that. before we get to that, we're deligh

we have the lowest gdp forecast for china. our china economist, last evening she said it will be forced. china is in a one story, but the rest of the world and the rest of the country looks ahead as august they are not too correlated with china, the earnings will be pretty decent. why, because the world economy is doing reasonably well, europe is good, a lot of these countries had severe covert problem which is getting better now. so i think x china earnings will be very good. rishaad: you say we have been living in a disinflationary world. you are absolutely right, nothing last forever. with various chart showing how china produces the factory gate prices that are so correlated with u.s. cpi, they are intertwined in effect. what you say to the prospect of that huge leap up and china's producer price numbers in their inflationary impact in the u.s.? you can't ignore that. >> i don't think we should ignore it, but all that chart tells me is the cycle that's correlated. to me, those charts look peaky. it's a very service driven

and china, also more in china, -- congress. republican leader mitch mcconnell offering a deal to raise the debt ceiling into december which will alleviate the immediate risk of a default. it came as president biden urged corporate leaders to help put pressure on gop lawmakers. pres. biden: if we don't, we will default on a debt that will lead to a self inflicted wound, risks of markets taking, wiping out retirement savings and costing jobs. shery: let's get more from our political news director. this is a compromise from mcconnell but i wonder how much this has to do with the congressional elections. democrats want to tie themselves to raising the debt limit? >> i don't think either is to be blamed for this and that is a lot of what is going on. democrats leaving a meeting with the majority leader chuck schumer said they were inclined to take the deal. we have not heard from the majority leader yet, we have been waiting to hear from him. but it looks like they are going to take the deal. which increases the debt ceiling and the

-china relations and growing , tensions between china and taiwan. the chinese military has condemned the united states for sending navy warships through the taiwan strait last week, accusing it of stoking regional tensions. u.s. allies britain and canada have also sent ships through the strait. this comes after china has recently conducted repeated air force missions into taiwan's air defense zone over the past year. for more, democracy now! co-host juan gonzalez and i spoke to ethan paul last week, research associate at the quincy institute for responsible statecraft, former reporter with the "south china morning post" in hong kong. his recent piece is headlined, "biden doesn't understand the 'new cold war.'" today, we bring you part two of our conversation. i started by asking him about the cia has set up a new mission center focused solely on china, which cia director william burns describing china as the “most important geopolitical threat” facing the united states. ethan: nicholas burns announced that the china missi center would be set up

and china. and followed the evolution of that engagement up through the present and, basically, the goal there was to understand the rational for engagement, so the u.s. wasn't engaging with china as pure benevolence, but a way of advancing u.s. objectives and we see an evolution over time of how those objectives were geo strategic initially, but how the economic objectives really became more prominent as that relationship evolved and then began to include things like global public goods and global norms as china became a much more important player on the global stage. so we took that historical framing and that historical understanding of how u.s. objectives are impacted by u.s.-china engagements and we brought it forward to the present and have used it in our frame work to evaluate both u.s. objectives and whether or not u.s.-china engagement in specific activities advances or hinders achievements of those objectives. so that's really the core of the framework. there are four distinct pieces t

, and do you think china her as china's economic ties have wanted any, any diplomatic influence in the region? of course, and also, i mean china, you know, has a very professional diplomatic service with a strong presence. and in fact, if we turn that on its head and we look at, you know, the bite and administration has yet to confirm ambassadors to the region. and so even on this a diplomatic front, china is presenting a much a stable and united front as it were, than after the change of administration at washington were no waiting to see had you been have some countries, for example, on the issue of recognizing taiwan has some countries clearly indicated that they're taking st. china's side well, i mean, they have done right. there was china's initial, a strategy or goal when it, it started developing relations with the region more strongly in the late 19 ninety's, early 2, thousands. what was to secure that switch, and it has managed it across a number of economies. that was more of the, you know, the, the political move, and then it became an economic move with loan, some financing