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May 3, 2024
05/24
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particularly china. i look forward to hearing from our witness chairman today and coming out of this hearing with an improved understanding of our relationship with china and how we can work together to protect america's agriculture interests. thank you. >> i thank the gentleman. the chair would request other members to submit their opening statements for the record. the witnesses may begin testimony so ensure there's ample time for questions. please welcome mr. dusty johnson to introduce our first witness. >> governing the nation should be a team sport but unfortunately there are a lot of free agents in politics and people don't understand the value of shared vision and efforts. luckily our speaker this morning my friend, my governor, knows how to work together. i don't think there's a month that goes by she doesn't show the leadership necessary to have her teamwork with our team whether it is protecting farmland from the chinese communist party and getting tiktok off government devices and making sure
particularly china. i look forward to hearing from our witness chairman today and coming out of this hearing with an improved understanding of our relationship with china and how we can work together to protect america's agriculture interests. thank you. >> i thank the gentleman. the chair would request other members to submit their opening statements for the record. the witnesses may begin testimony so ensure there's ample time for questions. please welcome mr. dusty johnson to introduce...
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May 3, 2024
05/24
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-- leverage china. i think that's far better than tariffs war that ultimately the last president got engaged in. and why? everybody has leverage on a tariff war, they just keep upk the ante. if you want to really have an opportunity to deal with this market, if you want to have an opportunity to deal with the factors of competition and realizing that this is an adversary, i think the t.t.p. was a far better strategy. yes, the market access program is helpful to our american farmers and processors and it's oversubscribed and i have legislation that would double the funding for that. twhrao can come to pass with -- whether or not that can come to pass with our challenges with the farm bill remains to be seen. so let me just ask for starters, your testimony focused on china and their agricultural supply chain. the pandemic i think we really understood that our supply chain is in need of assistance at every level, especially in agriculture. with biotechnology and plant tools and other potential to help prod
-- leverage china. i think that's far better than tariffs war that ultimately the last president got engaged in. and why? everybody has leverage on a tariff war, they just keep upk the ante. if you want to really have an opportunity to deal with this market, if you want to have an opportunity to deal with the factors of competition and realizing that this is an adversary, i think the t.t.p. was a far better strategy. yes, the market access program is helpful to our american farmers and...
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Apr 29, 2024
04/24
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to be about china. on the question of ukraine, this is the area where the four countries are the closest in terms of position. all of them are very concerned about russia's wa and all of them see asr -- -- war,, they see it as problematic and they see it necessary for the prosperity and security of europe. also because of the signal for aggregation it sends to china and north korea and all of them have placed sanctions on china and have helped with aid to ukraine. in terms of views from the countries on the ip 4 grouping, from the first meeting of nato in 2020 two, partner country official strongly emphasized the importance of the bilateral relationships between nato in each of these countries. there remains a priority for those groups. the fact of the matter is that the ip four grouping has gained in prominence in the last couple of years and as a result of this, the countries understand how best to take advantage of the fact for their national and regional goals. we have discussed the benefits of the
to be about china. on the question of ukraine, this is the area where the four countries are the closest in terms of position. all of them are very concerned about russia's wa and all of them see asr -- -- war,, they see it as problematic and they see it necessary for the prosperity and security of europe. also because of the signal for aggregation it sends to china and north korea and all of them have placed sanctions on china and have helped with aid to ukraine. in terms of views from the...
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May 5, 2024
05/24
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well business operations in china. so that is a sign of how business is across the board view china and so unwittingly chinese the chinese leadership as of helping along this this decoupling that is desired by it by some people and whether we want it or not it is happening for these combined reasons which is extraordinary. what would have what would the case today if people in washington, republican strategists like you and maybe democratic strategists, were saying, well, you know, we need less exposure to china because that's making us too vulnerable and. the chinese government, we're making it as attractive as it was in nineties. then we would have a problem. they are actually helping an extraordinary confluence events, but absolutely just to stay on sort of our alliances, not only in europe but in asia. just following up on that question, you just answered and then i'm going to get the ambassador in before we turn it over to the audience. i was actually quite pleasantly surprised and very of orcus whenever the deal
well business operations in china. so that is a sign of how business is across the board view china and so unwittingly chinese the chinese leadership as of helping along this this decoupling that is desired by it by some people and whether we want it or not it is happening for these combined reasons which is extraordinary. what would have what would the case today if people in washington, republican strategists like you and maybe democratic strategists, were saying, well, you know, we need less...
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but international supplies are almost down to 0 because china one's chinese equipment in china. so, what should be done about that? what does the job you need to do? what does the you need to do? because of course, the worry is if the you, if job is too harsh and to china. yeah, and that's going to take away a lot of opportunities that business have to, that says in europe have to sell into china. i think, you know, and in this context you is kind of caught between a rock and a hard place. what as outside of the ones that you have to us a being a getting really tough on china, independent, was abiding. isn't control attempting to control both a tough on china and, and on the other hand, we have so much business going on for a german corporations in china. and we also have supply chains coming from china, which i super important. so you have to find his own role and in its own sales confidence in dealing with china and the level playing field. and what does that look like specifically? yeah, because of course we, he was talked about level playing field with for the, for a long ti
but international supplies are almost down to 0 because china one's chinese equipment in china. so, what should be done about that? what does the job you need to do? what does the you need to do? because of course, the worry is if the you, if job is too harsh and to china. yeah, and that's going to take away a lot of opportunities that business have to, that says in europe have to sell into china. i think, you know, and in this context you is kind of caught between a rock and a hard place. what...
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May 2, 2024
05/24
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not just china. it damaged our reputation as reliably for the market the tariffs and the retaliation trade actions jeopardized our place in this markets and damaged in-country relationships developed over decades. at times our customers looked elsewhere for needs to avoid trade risks or duties. as the united states considering actions to protect our security interests we need to maintain and protect our economic trade interests as well. soy bean growers need certainty that we will maintain market access in china. my written testimony has three policy recommendations, number one, reject legislative attempts to repeal permanent normal trade status. asa is concerned that revoking pntr will severe consequences, soy bean exports were the first agricultural commed comodity impacted. pass a farm bill that meets the plead of u.s. agriculture t. should have invest ment in trade promotion that are critical to the long-term success of soy abroad. funding levels and the foreign market program largely unchanged f
not just china. it damaged our reputation as reliably for the market the tariffs and the retaliation trade actions jeopardized our place in this markets and damaged in-country relationships developed over decades. at times our customers looked elsewhere for needs to avoid trade risks or duties. as the united states considering actions to protect our security interests we need to maintain and protect our economic trade interests as well. soy bean growers need certainty that we will maintain...
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May 2, 2024
05/24
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and with china. there's also a long history in the middle east but long history of religious schism but history with shiites dispersal through arabian peninsula. just try to give some color as to how the motivations of these countries may man nest broadly as sort of antiu.s., antiwestern force but actually aren't just using the example of iran is a representative and interlock in the region where shiite population and many different countries that have collapsed systems themselves and, therefore, iran becomes -- irani government becomes central force in these local political dynamics. the way people talk about proxy forces in iran is that they are very easily and directly connected to do tehran. the houthis are connected, on the other side of the puppet string or even small tariffs that work in the region as well. it's not that straightforward. there are influences and desires that marginalized shiite forces in the region and political forces in the region would like to impose or equalize and tehran
and with china. there's also a long history in the middle east but long history of religious schism but history with shiites dispersal through arabian peninsula. just try to give some color as to how the motivations of these countries may man nest broadly as sort of antiu.s., antiwestern force but actually aren't just using the example of iran is a representative and interlock in the region where shiite population and many different countries that have collapsed systems themselves and,...
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May 1, 2024
05/24
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if you look at china, the population _ region. if you look at china, the population is _ region. if you look at china, the population is ageing, i region. if you look at china, | the population is ageing, this was a challenge for china over the medium term. that accounts for why they revise our global forecast. if you move the other way, then you have india, where you have a population is much younger, every year you have significant people working... sa ivet saivet you would mention china their commonality seeking to fix the economic challenges? demand is pretty weak. that is partly due to what is happening in the property sector. there are several measures to address the property sector. but that said, confidence in the property sector has not come back. what we have been advocating to the government is to put in place policies to address in a straightforward way the property market stress. we have talked about three policies, one, of course, you have seen the yen moving and the right implications for the currency.— and the right implications for the currency. one thing that
if you look at china, the population _ region. if you look at china, the population is _ region. if you look at china, the population is ageing, i region. if you look at china, | the population is ageing, this was a challenge for china over the medium term. that accounts for why they revise our global forecast. if you move the other way, then you have india, where you have a population is much younger, every year you have significant people working... sa ivet saivet you would mention china...
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and even though china said the visit was to promote development of the china, you relationship a is a concentration of salts with one of the most pro european of europe. salita is gap. elf is in berlin, and this is the day the year. and the world today has entered a new period of turbulence and change the future of continental very clearly depend on our ability to develop relations with china and a balance mount of china in the u. s. 2 important forces in the world should continue to see each other as partners also coming up as israel stands, silence for holocaust remembering today. benjamin netanyahu speaks out against the critics of the war and gauze history. he says, has told israel the necessity of defending itself. i pledge here today from jerusalem on this all across, remembered state. if his role is forced to stand alone, israel will stand alone until the views of the s and around the world. welcome. as we start the day was she didn't things visit to the union is 1st in 5 years, the chinese president, health trilateral adults and parents with his friends come to find them on th
and even though china said the visit was to promote development of the china, you relationship a is a concentration of salts with one of the most pro european of europe. salita is gap. elf is in berlin, and this is the day the year. and the world today has entered a new period of turbulence and change the future of continental very clearly depend on our ability to develop relations with china and a balance mount of china in the u. s. 2 important forces in the world should continue to see each...
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same thing saying that this is a strategic relationship between china and from china, and b, e, u. this comes, as you said, after weeks or months of tensions when it comes to the commercial for license of the trade license a to see a in europe and china. europe is threatening to increase terrace on chinese electric vehicles as it suspects that the chinese government is providing state subsidies for the sector and aging in retaliation, is looking into maybe a imposing of duties levies on liquor coming from europe. and that would mostly hate friends con, yet. so these 2 need, as we'll be talking about, that they will also be talking about international conflicts, especially in ukraine, the one in ukraine with him on my call of a friend sweet of believe that a china can play a crucial role in ending the war. the talk to us more about that lisa, cuz china says it's neutral regarding the ukraine conflict. and yet it's a deliberate supplies to russia that are said to be used to support its war effort . and ukraine does not a one because really expect to persuade john his present to shift
same thing saying that this is a strategic relationship between china and from china, and b, e, u. this comes, as you said, after weeks or months of tensions when it comes to the commercial for license of the trade license a to see a in europe and china. europe is threatening to increase terrace on chinese electric vehicles as it suspects that the chinese government is providing state subsidies for the sector and aging in retaliation, is looking into maybe a imposing of duties levies on liquor...
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and he is again telling china what they need to do and china is telling him what he can do with it. we're going to play that for you when we come back, stay right there. the march, the 22nd 1943. during the great petri, we'll take the shirts and munch fatality and 118, run down the belly, mercy, and village of clotting around the ship of the person. if i did the new wish in las vegas, yes or no. this one, most of the rooms, 240 you to you. $149.00 people died including $75.00 children of age was practically wiped off. the face of the la new blue loves the live arching could of charlotte was noisy, and we'll use porter as follows. oh, shoot was hard really. i really usually don't you feeling, you know? so the infamous battalion responsible for the atrocity included over $100.00 ukrainian national is from west and ukraine because of the picture. all right, let's see what. okay. and so far as the new e phone, that's a lot of those to you guys pursuing your opportune um with them. us customers declassified criminal cases from the central archive of the k g. b of the rules shed light on
and he is again telling china what they need to do and china is telling him what he can do with it. we're going to play that for you when we come back, stay right there. the march, the 22nd 1943. during the great petri, we'll take the shirts and munch fatality and 118, run down the belly, mercy, and village of clotting around the ship of the person. if i did the new wish in las vegas, yes or no. this one, most of the rooms, 240 you to you. $149.00 people died including $75.00 children of age...
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Apr 29, 2024
04/24
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china prohibits data transfers out out of china to other countries. we should actually start prohibiting data transfers to china because we need to have reciprocity on this. so this is critical to the united states and it's the story that people are not talking about when it comes to musk and tesla in china. maria: i mean, what i'm worried abothe china element in a tesla should i be worried that somebody could take over the car, drive the car into a lake? should i be worried that there's any influence from the chinese communist party in a tesla that i may buy in america. >> yes to all of your questions and one of the things, we see musk saying these adoring things about the communist party of china and that is a worry because remember, musk not only owns tesla, he also owns spacex. spacex is critical to america's efforts to get back into space and go to the moon and we've got to be concerned that china will use its influence over musk which now is even more considerable, to influence spacex decisions. maria: yeah. great points. meanwhile, china's fore
china prohibits data transfers out out of china to other countries. we should actually start prohibiting data transfers to china because we need to have reciprocity on this. so this is critical to the united states and it's the story that people are not talking about when it comes to musk and tesla in china. maria: i mean, what i'm worried abothe china element in a tesla should i be worried that somebody could take over the car, drive the car into a lake? should i be worried that there's any...
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May 2, 2024
05/24
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while keeping pace with china's needs? how do we reduce our reliance on one country without undermining a necessity of a strong export market? how do we think smartly about policies that mitigate threats while protecting our best assets ? today's witnesses come to the table with lived experience and decades of knowledge on china and these very questions and i welcome each of you and i look forward to the discussion. with that, i would like to welcome distinguished ranking member, mr. scott, for any opening remarks. >> thank you, chairman. ladies and gentlemen, the purpose of today's hearing is to discuss the influence that china has on american agriculture. but unfortunately some of the rhetoric surrounding this topic may derail us from tackling the real issues at hand and may contribute -- hopefully not -- but may contribute to violence against asian americans. and i want all americans to know that we are on the agriculture committee condemn all bigotry, including race motivated threats and acts of violence. this is about
while keeping pace with china's needs? how do we reduce our reliance on one country without undermining a necessity of a strong export market? how do we think smartly about policies that mitigate threats while protecting our best assets ? today's witnesses come to the table with lived experience and decades of knowledge on china and these very questions and i welcome each of you and i look forward to the discussion. with that, i would like to welcome distinguished ranking member, mr. scott, for...
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Apr 28, 2024
04/24
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experience in china. it was zero high—level contact over those years until 2023, whenjanet yellen made her first visit, and then we had a series of visits. this was a huge relief to business, because now we're talking and the governments are looking for solutions. the chinese government isn't ignoring us companies�* concerns. in fact, they've been issuing a series of policies promising further reduction of the negative list, liberalisation of cross—border data exchange, which were some of the bigger concerns of us business here. we just hope that those policy statements will be soon followed by implementation. you spent many years in china. give us a sense of some of the lessons that you've learnt being over there. in a0 years, i've seen lots of cycles of economic growth and contraction, but that's set against the long—term incredible growth story and being able to see the quality of life improving for the vast majority of chinese people. so i think my biggest lesson is it's really important to ta
experience in china. it was zero high—level contact over those years until 2023, whenjanet yellen made her first visit, and then we had a series of visits. this was a huge relief to business, because now we're talking and the governments are looking for solutions. the chinese government isn't ignoring us companies�* concerns. in fact, they've been issuing a series of policies promising further reduction of the negative list, liberalisation of cross—border data exchange, which were some of...
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what does that mean for japan and china relations or, or for all this and china relations in the region as well? i think we have to broaden the scope a little bit. you know, france was very unhappy with the development office. recall in that australia broke purchase contracts for friends submarines in favor of us nuclear submarines. and now we see japan and south korea cooperating with august and the possibility that they might join it with both countries already increasing our purchases of us weapons is august the pacific equivalent of nato. we would eventually be part of nato. would simply cooperate with nato, or will it remain largely separate? we don't have answers for these questions, but we have seen france expanding naval patrols in the south pacific with the explanation that france needs to be present for risk relevance. and even that france may provide a buffer between august and china, or other potential conflicts that couldn't turn a spiral out of control and further in peril of the global economy. and so, you know, european relations and therefore, further diminished perhaps
what does that mean for japan and china relations or, or for all this and china relations in the region as well? i think we have to broaden the scope a little bit. you know, france was very unhappy with the development office. recall in that australia broke purchase contracts for friends submarines in favor of us nuclear submarines. and now we see japan and south korea cooperating with august and the possibility that they might join it with both countries already increasing our purchases of us...
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May 2, 2024
05/24
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most of that from china. these are products that as i said, protect our plants from weeds, insects, and diseases. we have offshore them. we have to ask the question first. why are they offshore? i would say it's because of the excessive regulatory burden we have in the united states. we need reasonable and durable regulatory systems to function to make sure that we can have these plans functioning either here or with one of our friends and allies around the world. you know, it takes time to bring this back. these critical components were used to produce crops and pewter livestock and take care of our livestock, you're not going to do it overnight. it probably will take you 10 years to bring the capital back here and build the facilities and hire the people to get this done. it's going to take time but we've got to start now. and this is why i say we need a national agriculture strategy to support food security in the united states and our economy. if we can't bring these resources back, we will be very, very
most of that from china. these are products that as i said, protect our plants from weeds, insects, and diseases. we have offshore them. we have to ask the question first. why are they offshore? i would say it's because of the excessive regulatory burden we have in the united states. we need reasonable and durable regulatory systems to function to make sure that we can have these plans functioning either here or with one of our friends and allies around the world. you know, it takes time to...
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May 6, 2024
05/24
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and china wants— autonomy with china. and china wants to — autonomy with china. and china wants to see how far it can push — wants to see how far it can push that, how far it can pull paris — push that, how far it can pull paris towards itself. there problems the relationship because the electric vehicle was — because the electric vehicle was truly damaged france's domestic industry and that is of the — domestic industry and that is of the two leaders have to figure _ of the two leaders have to figure this week.— of the two leaders have to figure this week. and once he leaves france, _ figure this week. and once he leaves france, the _ figure this week. and once he leaves france, the chinese i leaves france, the chinese leader will be in headed to serbia and hungary, tell us about the significance of this. china has been fancying serbia and hungary for a decade now and hungary for a decade now and what _ and hungary for a decade now and what is happening is basically china is charging of historical grievances with serbia _ historical grievances with ser
and china wants— autonomy with china. and china wants to — autonomy with china. and china wants to see how far it can push — wants to see how far it can push that, how far it can pull paris — push that, how far it can pull paris towards itself. there problems the relationship because the electric vehicle was — because the electric vehicle was truly damaged france's domestic industry and that is of the — domestic industry and that is of the two leaders have to figure _ of the two...
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Apr 29, 2024
04/24
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or japan, short china. what happened last week on price, if you outperform or delivered alpha because you were underweight china, you might need to rethink that to preserve the performance. your 200 day, for example, with the hand saying china -- hang seng china, we have taken it out and it remains to be seen if earnings are able to deliver the fundamental story because i will bring in another report out of bloomberg intelligence, they released it sunday, earnings growth that is still a u.s. story, 17%. we had a bloomberg global index, 128 stocks, bloomberg intelligence crunch the data, and companies that have reported earnings so far and expected earnings, they put the data together, it is easiest the u.s. market story and flows are coming into the chinese market this monday morning. haslinda:. starting to see them leading that rebound. let's get to the border markets, and working out with yen reaching 160, avril is on top of thosea stories. avril: all those factors that play for asia specific markets, dav
or japan, short china. what happened last week on price, if you outperform or delivered alpha because you were underweight china, you might need to rethink that to preserve the performance. your 200 day, for example, with the hand saying china -- hang seng china, we have taken it out and it remains to be seen if earnings are able to deliver the fundamental story because i will bring in another report out of bloomberg intelligence, they released it sunday, earnings growth that is still a u.s....
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May 6, 2024
05/24
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and about europe's naivety and unwillingness to see china, the new china, for what it was. so there is, in a way, the possibility of an american—european alignment here. i think what president xi is trying to do is break that. he's doing it with traditional chinese diplomatic manners, coming here, being very, very fulsome in his praise for france and its historical importance and its grandeur and the role of charles de gaulle in recognising china back in 1964 and all of this. the way they talk to the french, flattering france's sense of its own destiny. it talks to germany in a rather different way. to the germans, china talks as a purely commercial partner and promises all sorts of commercial deals if it tows the line and, for example, blocks the european investigations into dumping practices and so on. so the chinese interest, quite clearly, this is the big picture, is to split the europeans from each other and from europe. that's what's going on here. let's speak to professor kerry brown, director of the lau china institute at king's college london. thank you very much
and about europe's naivety and unwillingness to see china, the new china, for what it was. so there is, in a way, the possibility of an american—european alignment here. i think what president xi is trying to do is break that. he's doing it with traditional chinese diplomatic manners, coming here, being very, very fulsome in his praise for france and its historical importance and its grandeur and the role of charles de gaulle in recognising china back in 1964 and all of this. the way they...
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9.0
May 4, 2024
05/24
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china? so, in china, it's very, very difficult to get access to independent media. this has long been the case... the internet actually arrived in china in 1989, the same year as the tiananmen square protests. and ever since then, there have been restrictions in place on the internet preventing people accessing information about this event, and any other protests that have taken part since. the internet is the main area for users to consume news nowadays, and there are more than one billion people on the internet in china, and it's very much the case in china that there are equivalents of all the platforms that we use here in the west. so instead of google, you've got a chinese service called baidu. instead of youtube, for example, you've got chinese services that exist the same. and all of these have to answer to the chinese government regulator. um, the environment is completely saturated by state media—run or affiliated outlets. and if you want to access independent media... so, for exa
china? so, in china, it's very, very difficult to get access to independent media. this has long been the case... the internet actually arrived in china in 1989, the same year as the tiananmen square protests. and ever since then, there have been restrictions in place on the internet preventing people accessing information about this event, and any other protests that have taken part since. the internet is the main area for users to consume news nowadays, and there are more than one billion...
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Apr 29, 2024
04/24
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FBC
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, china does not even allow the tiktok that our kids see to be offered in china itself. they have a much more sanitized version, china does not allow google and does not allow meta, they keep our companies out, what was particularly ironic, there were these reports of chinese officials themselves lobbying members of congress not to put the divestiture in place. i think we'll see huffing and puffing from the chinese what they will do and if this is a normal free enterprise entity, they would salute the fact that the companies becomes available and be sold for high price and collect data and even on the tesla piece beforehand and collecting data off the tesla users in china but also the ability for tiktok to be used as a propaganda tool between our country we have a enough differences we don't do the chinese communist party by slightly selecting the algorithm for favorable stories towards that regime they never give american companies were doing business in china the opportunity to get a fair fight in the courts and they said they're going to fight this and take it where u
, china does not even allow the tiktok that our kids see to be offered in china itself. they have a much more sanitized version, china does not allow google and does not allow meta, they keep our companies out, what was particularly ironic, there were these reports of chinese officials themselves lobbying members of congress not to put the divestiture in place. i think we'll see huffing and puffing from the chinese what they will do and if this is a normal free enterprise entity, they would...
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Apr 28, 2024
04/24
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why is he in china? tesla is struggling a - he in china? tesla is struggling a bit too compete _ he in china? tesla is struggling a bit too compete with _ he in china? tesla is struggling a bit too compete with other - bit too compete with other car—makers globally, in many markets, electric car sales have slowed down a little bit recently. even in china, which is the biggest electric car market in the world. the growth rate is not growing, it has a bit. tesla is facing ferocious competition from a bunch of very price competitive electric brands. and what about the optics of all this and the politics, rather than just the economics?— this and the politics, rather than just the economics? right, well, china coming _ just the economics? right, well, china coming out _ just the economics? right, well, china coming out of— just the economics? right, well, china coming out of the - just the economics? right, well, china coming out of the covid, . china coming out of the covid, reopening since last year has faced a bunch of economic challen
why is he in china? tesla is struggling a - he in china? tesla is struggling a bit too compete _ he in china? tesla is struggling a bit too compete with _ he in china? tesla is struggling a bit too compete with other - bit too compete with other car—makers globally, in many markets, electric car sales have slowed down a little bit recently. even in china, which is the biggest electric car market in the world. the growth rate is not growing, it has a bit. tesla is facing ferocious competition...
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May 6, 2024
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into china and these companies. we have seen a lot of ev makers and there's probably going to be consolidation and mna deals and i know bnp paribas was involved in, i believe, the venture with renault, so you have already had some exposure there. what kind of mna in the ev space and also if you can see ipo's coming down the pipe for hong kong in the ev space? stephen: bmp is committed to carbon transition. this is a great subject for us to talk about. you highlight some of those opportunities and the opportunities are in consolidation for sure but they are also in manufacturing efficiencies and battery technology and over the course of the next few days, we are going to be talking about all those subjects with some of the leading experts. we have byd on the automotive side among many others. we will be diving into those themes with our most important clients here. stephen: it's not just china. that's talk about what you are doing in the asia-pacific. a bit of a different path towards china. we have seen some of the
into china and these companies. we have seen a lot of ev makers and there's probably going to be consolidation and mna deals and i know bnp paribas was involved in, i believe, the venture with renault, so you have already had some exposure there. what kind of mna in the ev space and also if you can see ipo's coming down the pipe for hong kong in the ev space? stephen: bmp is committed to carbon transition. this is a great subject for us to talk about. you highlight some of those opportunities...
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May 6, 2024
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i think that whilst they would like china to use its influence, i don't think they would trust china to come up with an offer that that ukraine would find acceptable. so it's pretty mixed. but again, you know, china's been very passive in this, and there's not much sign that china's going to get more active at all. it's interesting to me that he brought ursula von der leyen into the discussions today and of course they travelled together, i think it was last year, to china, but she seems to take a more hawkish position vis a vis china than perhaps chancellor schulz does. ursula von der leyen definitely takes more hawkish position. she has initiated a whole series of trade probes, for example, at the request of macron. but i don't think schulz is very happy with them. he doesn't, you know, he's more concerned about preserving the trade that germany does have with china rather than being as assertive as the commission would now like to be over things like subsidies. but the imbalance of trade and the threat to the european economies is such that that von der leyen is now pretty robust
i think that whilst they would like china to use its influence, i don't think they would trust china to come up with an offer that that ukraine would find acceptable. so it's pretty mixed. but again, you know, china's been very passive in this, and there's not much sign that china's going to get more active at all. it's interesting to me that he brought ursula von der leyen into the discussions today and of course they travelled together, i think it was last year, to china, but she seems to...
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May 6, 2024
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i focus on china and asia policy so i think a lot about china and maligned influence including this space. i did have the opportunity to do some work for the department of defense to look how china is competing. looking at this industrial model and telecommunications and the smooth force industrial policy and one question is, is that possible? and in some ways it is. the fact that generic drugs in the united states are manufactured in china so broadly with the supply-chain issue. china starting to occupy value chain and animals on toxicology research getting a dominant position which watching china as part of the playbook. they dominated the processing, too. they want to dominate this middle and and you can gain a lot of leverage. china can get a lot of leverage about enterprise so i think one day we will wake up looking at the critical mineral processing. it is my understanding china is a fast follower and 1.5 trials every for we have but there will be a little state there's a lot of studies on break assignments and how it fits with warfare. i will and rising a lot of scientists say what
i focus on china and asia policy so i think a lot about china and maligned influence including this space. i did have the opportunity to do some work for the department of defense to look how china is competing. looking at this industrial model and telecommunications and the smooth force industrial policy and one question is, is that possible? and in some ways it is. the fact that generic drugs in the united states are manufactured in china so broadly with the supply-chain issue. china starting...
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Apr 29, 2024
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on a surprise trip to china. breaking records: can the uk stock market keep on climbing on the back of last week's highs? and counting the cost of your favourite cuppa: we take a look at the impact of soaring tea and coffee prices. hello. i'm sally bundock with all your latest business news. we start in beijing where tesla boss elon musk landed on sunday on something of a surprise visit. in his second trip in less than a year, the tech billionaire met with china's number two official, premier li qiang, who is reported to have described tesla's business in the country as a "successful example" of economic cooperation. mr musk said tesla is looking for "more win—win results". he's expected to be making the case for the enabling of a self—driving feature on tesla cars in china as the electric car giant faces falling sales and increased local competition. for more on this, we can go live to our china correspondent stephen mcdonell in beijing. it was quite a few are when he arrived. he wasn't expected and he showe
on a surprise trip to china. breaking records: can the uk stock market keep on climbing on the back of last week's highs? and counting the cost of your favourite cuppa: we take a look at the impact of soaring tea and coffee prices. hello. i'm sally bundock with all your latest business news. we start in beijing where tesla boss elon musk landed on sunday on something of a surprise visit. in his second trip in less than a year, the tech billionaire met with china's number two official, premier...
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May 3, 2024
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let's linger on china. looks like the domestic players that android faced are gaining market share against the mark -- market for iphone. if you see that in the counterpoint research data. is that the case, where the domestic players are gaining market share, what does it mean for qualcomm? >> the way you should think about our position in china in the handset market, we have been very focused on the premium and high tier snapdragon. so when an android oem from our customers -- show me,-show meat and others, when they are selling a flagship device, not only do we have the modem content, we have the ai engine and the processor and that has been a positive development and has been driving the increase, especially with the make changes to our premium device. the fact that the android flagship intranet with the chinese oems had been stable and proven to be resilient and seeing positive momentum, chinese users buying better phones, that is a good story for qualcomm and it is reflected in the numbers. haidi: qual
let's linger on china. looks like the domestic players that android faced are gaining market share against the mark -- market for iphone. if you see that in the counterpoint research data. is that the case, where the domestic players are gaining market share, what does it mean for qualcomm? >> the way you should think about our position in china in the handset market, we have been very focused on the premium and high tier snapdragon. so when an android oem from our customers -- show...
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Apr 30, 2024
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but especially in china the localisation is key in china because we do have a totally different internet service ecosystem here and chinese brands understand the need much better than foreign brands. local brands have introduced large language models that work well with chinese. and even for the high—end consumers they do not have such deep pockets as before so consumers are shifting to local bands that make brands. local brands are growing fast in the high—end segment expressly for huawei with its new in—house and it is understandable for chinese concerns to buy high—end domestic products. concerns to buy high-end domestic roducts. , , domestic products. samsung says it exects domestic products. samsung says it expects demand _ domestic products. samsung says it expects demand for— it expects demand for smartphones to decrease in the coming months. the world maker of men read gibson televisions reported a tenfold prior rise in operating profit. prices of memory chips have risen sharply, by the boom in artificial intelligence to dig shared office space provider wework has reach
but especially in china the localisation is key in china because we do have a totally different internet service ecosystem here and chinese brands understand the need much better than foreign brands. local brands have introduced large language models that work well with chinese. and even for the high—end consumers they do not have such deep pockets as before so consumers are shifting to local bands that make brands. local brands are growing fast in the high—end segment expressly for huawei...
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Apr 30, 2024
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in china as well.— eye on what's happening in china as well. mentioning the strenath china as well. mentioning the strength of— china as well. mentioning the strength of the _ china as well. mentioning the strength of the us _ china as well. mentioning the strength of the us dollar, - china as well. mentioning the | strength of the us dollar, how is that impacting us here in asia. is is that impacting us here in asia. , ., ., ., , . asia. is going to affect the debt and _ asia. is going to affect the debt and asia _ asia. is going to affect the debt and asia has - asia. is going to affect the debt and asia has a - asia. is going to affect the debt and asia has a very . asia. is going to affect the l debt and asia has a very us dominated debt including chinds— dominated debt including china's well and if the us interest— china's well and if the us interest rate stays higher for longer, _ interest rate stays higher for longer, that means the artist dollar— longer, that means the artist dollar w
in china as well.— eye on what's happening in china as well. mentioning the strenath china as well. mentioning the strength of— china as well. mentioning the strength of the _ china as well. mentioning the strength of the us _ china as well. mentioning the strength of the us dollar, - china as well. mentioning the | strength of the us dollar, how is that impacting us here in asia. is is that impacting us here in asia. , ., ., ., , . asia. is going to affect the debt and _ asia. is going to...
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May 6, 2024
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is indeed doing that, if china _ whether china is indeed doing that, if china is— whether china is indeed doing that, if china is subsidising the electric car industry to sell cheap cars to eurone, — car industry to sell cheap cars to europe, and indeed you see all these brands _ europe, and indeed you see all these brands going into europe. and if we focus _ brands going into europe. and if we focus on _ brands going into europe. and if we focus on france, especially when they are — focus on france, especially when they are now celebrating the 60th anniversary of the relations between beijing _ anniversary of the relations between beijing and paris, they do have a relationship in terms of development. france has played a significant — development. france has played a significant part in china's nuclear power— significant part in china's nuclear power plants across the whole of china _ power plants across the whole of china in — power plants across the whole of china. in terms of investment, these are proiects — china. in terms of investment, these are projects that involve bi
is indeed doing that, if china _ whether china is indeed doing that, if china is— whether china is indeed doing that, if china is subsidising the electric car industry to sell cheap cars to eurone, — car industry to sell cheap cars to europe, and indeed you see all these brands _ europe, and indeed you see all these brands going into europe. and if we focus _ brands going into europe. and if we focus on _ brands going into europe. and if we focus on france, especially when they are —...
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May 1, 2024
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may have over trade relations of china, over companies in china, whether in china itself or coming out of china, that would hold a significant amount of data, possibly even sensitive data of us citizens. so there is sort of, i would say, something that could be understood, something that can be appreciated. i think, though, a line of question taken too far can sometimes possibly undermine the image and understanding of how the u.s. is viewed in different parts of the world. not just in asia, not necessarily only in singapore. so there is, i think, a fine balance the needs to be struck between some of the security sensitivities and also the overall image and impression that the u.s. would want to continue project and portray to the rest of the world. >> i think we have time for one more. yes come in the back. >> thank you. i am a georgetown law, have a question for the ambassador from singapore. you are listing the free-trade agreements of asia right now and you are saying how the u.s. is not part of it or not even knocking on the door. whereas china is. i was wondering, it seems like c
may have over trade relations of china, over companies in china, whether in china itself or coming out of china, that would hold a significant amount of data, possibly even sensitive data of us citizens. so there is sort of, i would say, something that could be understood, something that can be appreciated. i think, though, a line of question taken too far can sometimes possibly undermine the image and understanding of how the u.s. is viewed in different parts of the world. not just in asia,...
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there are no such things as over capacities in china . that's obviously something that the you had said in advance. they've been complaining about a too many chinese products that were then coming into the e u market. it seems like both positions, both sides seem to be a bit far away from each other right now. well, here in germany, squiggly about sleeter of the main opposition party. the use of a right christian democrats has been re elected as party chair, with 90 percent of the boat. the victory was expected for the man who will likely challenge chancellor. all our faults and the elections next fall, the conservative cd, you see a few blocks are talking opinion polls with nearly as much support as the 3 parties in the current governing coalition combined. this is nina. how's the is following the city party congress for us and georgia's me, the great lake maps has now been re elected as party lead. here he got pretty good showing there. this is mean he has a shot. it'd be coming with ex, german transfer. all of them and vote just went t
there are no such things as over capacities in china . that's obviously something that the you had said in advance. they've been complaining about a too many chinese products that were then coming into the e u market. it seems like both positions, both sides seem to be a bit far away from each other right now. well, here in germany, squiggly about sleeter of the main opposition party. the use of a right christian democrats has been re elected as party chair, with 90 percent of the boat. the...
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and i think china also ends at sending as turnouts to the moon. i run to the year of 2013, which would not only be scientifically important, but also be a political prestige of cost of the chinese leadership. one to show that they are and not on the economy as a superpower. but they also has some, somehow in advantage of science and technology. so there's a political aspect at play here. let's, let's talk a little bit more about the science behind it. though you've alluded to the fact that there will be more missions to come in the future. we know that in 2019 and china already pulled off a historic for soft landing on the far side of the moon. but that was just a, a one way journey. can you tell us a little bit about how this is a more ambitious trip? isn't that so as to the, in the year of 2019 and time has sent tongue the full mission to the false side of moon and it's more robust, few working down to day. and but this mission, i mean the tongue, the 6, and they will not only send the, send the land to the faucet of moon, but also collects, whi
and i think china also ends at sending as turnouts to the moon. i run to the year of 2013, which would not only be scientifically important, but also be a political prestige of cost of the chinese leadership. one to show that they are and not on the economy as a superpower. but they also has some, somehow in advantage of science and technology. so there's a political aspect at play here. let's, let's talk a little bit more about the science behind it. though you've alluded to the fact that...
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and it's more hard line approach to china. and when it comes to taiwan, specifically, he said the europe shouldn't quote answering to crises, but the notes are over its own and essentially, and so when it comes to the question of taiwan, if they didn't, the comes off in these negotiations. remember, that's not a done deal. we, i think from the perspective of type pay or expensing or at least hoping that the con will reiterate the importance of peace and stability across the taiwan strait. but remember, there was such a broad agenda to deal with here. so from, for canada, across trades across your coastal concerns in europe and the type hey, i think is not really expecting the donaldson news launch when it comes to the question and type pay. now when it comes to those other countries, the shooting ping is visiting hungry and so it'd be a, again, we're not really expecting anything to come a vote is these countries have been much more closely aligned with beijing on is to replace compositions hungry, of course, long but the one
and it's more hard line approach to china. and when it comes to taiwan, specifically, he said the europe shouldn't quote answering to crises, but the notes are over its own and essentially, and so when it comes to the question of taiwan, if they didn't, the comes off in these negotiations. remember, that's not a done deal. we, i think from the perspective of type pay or expensing or at least hoping that the con will reiterate the importance of peace and stability across the taiwan strait. but...
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in china later this month. and as you said, china has been rob direct to send to outright, to condemn the russian aggression in ukraine. obviously, i'm on a call. i still hoping that he, that seats him being will shift his position at least a little bit. also, given that china is interested in a good trade relations with europe, i'm not by convince him to at least maybe change somehow his policy on delivering you will use equipment that can be used in russia to provide weapons, to produce weapons for the aggression in ukraine. so thank you very much. that was our correspond at least louis in paris. the you are watching the, the unit is coming to live from berlin. before we go, just reminder of the top story we're following for you this our israel's army has called on people in rough to move to a so called humanitarian area ahead of and then to to pay that a sold on that city in southern gaza. israel says the assault is key to eliminating some us, but it has triggered widespread global alarm. more than a 1000000
in china later this month. and as you said, china has been rob direct to send to outright, to condemn the russian aggression in ukraine. obviously, i'm on a call. i still hoping that he, that seats him being will shift his position at least a little bit. also, given that china is interested in a good trade relations with europe, i'm not by convince him to at least maybe change somehow his policy on delivering you will use equipment that can be used in russia to provide weapons, to produce...
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Apr 29, 2024
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now he's gone straight to china. he shows us the power dynamics and the skill in all of this, navigating geopolitics. caroline: yeah -- craig: yeah, that has been mutual backscratching for years now. tesla was the first international foreign car company to be allowed to operate in china without having to read to a joint venture with a local manufacturer. it was a huge win for elon musk and something that he fought for for years. the construction of the plant for tesla was record time. extremely timely in the sense that musk was really ramping up the model 3, trying to remodel y out. they were able to keep the plant running even during pandemic, when other plants in china had a difficult time opening back up from the initial shutdown. so, china has very much supported tesla when tesla needed it most. we are seeing u.s. companies pull back a bit from china, maybe at least derisk a little. apple did that in india. a similar move. it's clear that musk doesn't see the -- urgency to do that. ed: terrific reporting, thank y
now he's gone straight to china. he shows us the power dynamics and the skill in all of this, navigating geopolitics. caroline: yeah -- craig: yeah, that has been mutual backscratching for years now. tesla was the first international foreign car company to be allowed to operate in china without having to read to a joint venture with a local manufacturer. it was a huge win for elon musk and something that he fought for for years. the construction of the plant for tesla was record time. extremely...
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Apr 29, 2024
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i like china. i think it has already gone up from where it was at the end of january by about 15 percent and i would say there is at least another 15 coming between now and the end of the year. haidi: how much vulnerability for emerging markets? the indonesian story was a big surprise last week. china is improving on a marginal level. are there risks? mark: there are risks because of the fed taking time to cut. i don't think other central banks will follow, but they will wait for the fed. if the fed does not cut until september, no emerging-market is going to. and that will impact markets, i agree. some have such good stories that they can go up regardless of whether central banks are delayed. one is india. the others i would not say have superstrong stories. so yes, domain rate cuts act as headwind on stock markets. haidi: what do you see for japan, given we see the boj and we've got a graphic, it was soft against the u.s. dollar, these are multi-year lows. how long do you see that persisting and
i like china. i think it has already gone up from where it was at the end of january by about 15 percent and i would say there is at least another 15 coming between now and the end of the year. haidi: how much vulnerability for emerging markets? the indonesian story was a big surprise last week. china is improving on a marginal level. are there risks? mark: there are risks because of the fed taking time to cut. i don't think other central banks will follow, but they will wait for the fed. if...
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history since the collapse of the soviet union, china, as the north, korea's only allied, the a china does not really have north korea under control. i'm getting. a chinese proverb says that with our lips, teeth are cold. with north korea, china would have problems, which is why the government and john yang try take immense liberties with beijing mom to her scope. so you don't even have to kind of go to the car. during the north korean famine, the chinese cent rice, china is keeping north korea alive because korea is a buffer zone for china. 2 the united nations repeatedly imposed economic sanctions against north korea, if it did not comply with international rules. officially, china supported this approach unofficially, however, trade with north korea continued the tim jones. good. you've cut me off that kim jong came to power cortez north korea launch 2 satellites in 20122013 international sanctions followed with the china seems cooperative foot. so that's a few months later due to much the trade of the boat out now goes continuing almost on change as you go from that. why not didn'
history since the collapse of the soviet union, china, as the north, korea's only allied, the a china does not really have north korea under control. i'm getting. a chinese proverb says that with our lips, teeth are cold. with north korea, china would have problems, which is why the government and john yang try take immense liberties with beijing mom to her scope. so you don't even have to kind of go to the car. during the north korean famine, the chinese cent rice, china is keeping north korea...
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May 6, 2024
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and china _ strategic autonomy with china and china wants to see how far he can push _ china wants to see how far he can push that, — china wants to see how far he can push that, pull paris towards itself and there's problems with the relationship and electric vehicles realty— relationship and electric vehicles really damaged france's domestic industry— really damaged france's domestic industry and that is what the two leaders — industry and that is what the two leaders had to figure out this week. and once _ leaders had to figure out this week. and once he leaves france, he will be moving to serbia and hungary and what is the significance of these visits? , ., , what is the significance of these visits? , . , , ., , visits? they have been showing up over a decade _ visits? they have been showing up over a decade and _ visits? they have been showing up over a decade and what _ visits? they have been showing up over a decade and what is - over a decade and what is happening is china _ over a decade and what is happening is china is— over a decade and what is happening is chin
and china _ strategic autonomy with china and china wants to see how far he can push _ china wants to see how far he can push that, — china wants to see how far he can push that, pull paris towards itself and there's problems with the relationship and electric vehicles realty— relationship and electric vehicles really damaged france's domestic industry— really damaged france's domestic industry and that is what the two leaders — industry and that is what the two leaders had to figure...
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May 1, 2024
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, it actually helps to deter china, whether it is in taiwan or the south china sea or other places. it is our assessment that xi jinping was sobered, you know, by what happened especially in the first year of the war. he did not expect that ukraine would resist with the courage and tenacity that the ukrainians demonstrated. he did not expect that the united states, who he believes is a defining power, would step up in the way the president has led with all of yours or to show solidarity with ukraine as well. that has had an impact far beyond ukraine or european security and that is what is at stake today. >> we look back at that $60 billion and say it was a bargain compared to what we would otherwise spend. mr. chairman, my colleagues i think almost all of them went over 1.5 minutes so let me say in the last 15 seconds that our threat assessment -- >> i think the record will stand corrected. you have a couple seconds. >> director hans, i will take it for the record, but there is, in the document, reference to the serious issues that we are confronting in space right now. had i more
, it actually helps to deter china, whether it is in taiwan or the south china sea or other places. it is our assessment that xi jinping was sobered, you know, by what happened especially in the first year of the war. he did not expect that ukraine would resist with the courage and tenacity that the ukrainians demonstrated. he did not expect that the united states, who he believes is a defining power, would step up in the way the president has led with all of yours or to show solidarity with...
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Apr 30, 2024
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of market share in china, but challenges are growing in china. it is key in china because we have a totally different internet service ecosystem here and they understand the legal needs of local providers with large language models that work well in chinese. and even for the high—end investors they do not have a deep pocket as before. so value for money devices from local brands typically have higher stocks. local brands typically have higherstocks. local local brands typically have higher stocks. local brands are growing fast in the higher segment especially for huawei and i think it is understandable for chinese consumers to purchase high—end domestic products. consumers to purchase high-end domestic products.— domestic products. what does a - - le domestic products. what does apple need — domestic products. what does apple need to _ domestic products. what does apple need to do _ domestic products. what does apple need to do to _ domestic products. what does apple need to do to maintain l domestic products. what does. apple need to do
of market share in china, but challenges are growing in china. it is key in china because we have a totally different internet service ecosystem here and they understand the legal needs of local providers with large language models that work well in chinese. and even for the high—end investors they do not have a deep pocket as before. so value for money devices from local brands typically have higher stocks. local brands typically have higherstocks. local local brands typically have higher...
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May 6, 2024
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that's partly because of weakerfrom china. there's weaker from china. there's offsetting weakerfrom china. there's offsetting factors that will boost deened mas including prive consumption should hold up. but also government spending should do well. this is all because of the election—related spending that tends to provide a good boost to growth overall.— tends to provide a good boost to growth overall. speaking of the election, _ to growth overall. speaking of the election, indonesia - to growth overall. speaking of the election, indonesia is - the election, indonesia is currently in a leadership transition. is that been seen as a market risk?— as a market risk? there is a little bit _ as a market risk? there is a little bit of _ as a market risk? there is a little bit of that _ as a market risk? there is a little bit of that which - as a market risk? there is a little bit of that which is - little bit of that which is always the case when you have some uncertainty as a result of a political transition. so, for example, investment spending tends
that's partly because of weakerfrom china. there's weaker from china. there's offsetting weakerfrom china. there's offsetting factors that will boost deened mas including prive consumption should hold up. but also government spending should do well. this is all because of the election—related spending that tends to provide a good boost to growth overall.— tends to provide a good boost to growth overall. speaking of the election, _ to growth overall. speaking of the election, indonesia - to...