miss of a i could change every aspect of life, but run those reports not from las vegas. inside the cabin or as las vegas convention center a. i is the buzz word behind a plethora of new products. there's an a, i sleep pillow, to stop you from snoring, an a i tool to help you put on your makeup, a power lights and speakers to help you relax in a robot that will very slowly hand you a drink and a little a puppy to make you feel all warm inside ai, a, ai, um, its blowing into just about every product category you can imagine and into just about everything you can find in the home right now. and with the profusion of products come far, region claims a is more like humans finding fire than it is anything else. there's not really been something like it. the trouble is a lot of a tech just doesn't work like a so called social robot that's supposed to show empathy. there's quite

a lot of hype that goes into artificial intelligence. the idea that it can do anything and everything kind of pervades itself out into the, the public imagination. and then everyone tries to use it for everything by some estimates, more than 80 percent of a projects fail twice the failure rate for non a products. backing up the view that a i will change the world over 9. a, i is an imperfect tool, programmed in deployed by humans. it doesn't think or act on its own. not yet anyway. they make things up, right? they're not again, reporting faxed to you. they're not telling you the truth of the matter. they're trying to give you the most typically likely to be accepted. answer based on your prompt. one of the factors is that the people hire being a, i are the ones who stand to benefit most from it. like the ceo's of generative a i companies and advanced computer chip makers, many cases,

company outreach if that's a big be made to either invoke all such everybody claiming the key i can do it all or even fear in some cases such as by saying that added genocide, anything both of these extremes act to a large extent and correct. none of this means that, hey, i will not eventually provide benefits in certain industries or change the way that people work and live. but for those expecting and immediate revolution, it's best to remember the old saying buyer and investor the where rob reynolds l g 0 las vegas. and you can find more on our website. so i'll just say we're a dot. com is continue sent on. obviously are off to the bottom line, the on counting the cost from inflation to geo political tensions and trade routes. we

look back at the main challenges, but of him to the global economy in 2024 and what's installed for 2025. will it be a year or 2 with bloom or i'll put you in a 2nd. counting the cost on i will just say around the there's no limit to have a dream container. stuff in your own event, you know, counter and things a hi, i'm steve clements. i have a question with the us distracted in the middle east. and despite from his bluster about a new trade war with china, this trying to really have anything to worry about. let's get to the bottom line. the united states has the biggest

economy in the world, but china is 2nd and catching up real fast. and this has made america well, really, increasingly test the american politicians, both democrat and republican, have been talking for decades about the need to counter the threat of china. and it's growing influence not only in africa and latin america, but all over the world. it's not just about banning tick tock. china produces 8 times more steel than america and double the number of cars and trucks dominates the solar industry and controls 80 percent of the minerals needed for electric vehicles. so despite the trade attention, so let's call up a great wall of tariffs, launched by president elect donald trump in his 1st term, and continued by president joe biden. how worried is china about relations with the next from white house? welcome to this special edition of the show coming to you from the doha form and cut our where we're talking with victor down the vice president of the center for china and globalization in beijing. i'm so glad you were able to join us today.

thank you very much and let me just start out there been a lot of changes in the global topography of leadership over 4000000000 people voted in elections this year. and one of those elections was in the united states. my country and donald trump won that election. donald trump has had a lot to say on china, and he's been very tough on china. but my sense is, china is not freaking out about donald trump. but what is your view of how china sees the coming? trump years, 1st of all, congratulations on donald trump's. when in this presidential election, he actually deserved it. and now he not only has won the presidency of the repub, which is has now be in control of the house as well as the send it. so its sweeping, we for mr. trump as well as the republican policy team a little bit. i mean, not to be too facetious, like one party rule. well,

it would never be. well, how do roy in the united states, you know, in 4 years times or a year times, or 12 years time, there will be a change of these issues in the white house. and for the 2 houses, it may change in 2 years, all 4 years. so i've seen good change is the rule of the game rather than uh, no change always continues in the same potty control of the united states. having said that, i think i do a maya. i don't want trump for demonstrating authenticity, indeed issue and control of himself as well as the environment. when an attempted assassination lies, life was committed. he really impressed many people including me. and it meant that mr. trump had a mission today, and he wants to get his chopped out. so it depends on what exactly he wants to do.

he wants to do a revolution inside the united states, and he also wants to promote his mega in the welsh. and i think uh uh whenever he will do all accomplish for the for me, for years the united states will not be the same as it is today. well, as i hear it, a lot of the maga or make america great again, rhetoric has a lot to do with bashing china, talking about tariffs against chinese products, dealing with chinese threats around the world. and there is a kind of china hysteria if you will, in part of the political rhetoric of that. so i'm, i'm interested in how you're hearing that. are you hearing it differently than i am? first of all, uh, tire of seems to be the preferred instrument for mr. trump. on, on everybody, all for his incoming administration. however, i would say someone need to really tell mr. talk to the president elect as soon to

be the president of the terrace, paid by the american people. mostly the consumers. it's not paid by china, all the chinese government at all. so in the says, the tariffs against china, or against the canadians on the mexicans, or any other country on a kind of tax against the american people. it is one of the reasons why it could feud inflation and enrolled it the quality of life of the american people. i'm sure mr. trump tazz about a more balanced x rate, but tariff is probably the worst instrument he can wield on imports. there must be other ways which can help the americas achieve the strategic goal with them. for example, in free t the terrace, because the tyrants page by the american people some smart people, i know,

see that power is like the stock market. it's a function of future expectations, and if you look at china in the future, it looks like it's got a great future. it's growing bigger footprint, greater economy becoming, eventually the largest economy in the world. and some people look at the united states as somewhat contracting strategically, more diminished ambitions, more negatively in managing what it has and says they see a rising. china is somewhat of a sinking america. how do you see it? my view is that there is no competition between china and the united state. really, really? why? because a china is a head of the united states in many areas. these other states is head of china in many areas, but natural endowments for china and the united states are completely different. on the other hand, tunnel will continue to grow. i remember the 1990 is when i was practicing investment banking with morgan stanley in new york. and the hong call us was about

8 times as big as china in terms of the size of the economy. now, time that is handled the united states, if we use purchasing power parity and you for use a nominal exchange rate, china is anywhere between 65 to 70 percent of the united states. however, if you listen to you know, mosque who's very influential, these are the president he liked. uh, i don't know. trump, he keeps saying that by the middle of the century, the size of the challenge is economy will be doubling the size of the us economy. i think you may have some reason to save is and i see china will continue to grow sooner or later channel will be larger as an economy compared to with united states using officially exchange rate. when exactly that moment will be, i do not know, maybe 20302035, etc. however, i think this is not the real competition. if there is one competition between the

united states and china, the real competition, i would say that will be, for example, if china wants to impose its audiology, it's political system is way of doing things on to the united states or vice versa . the united states want to change china into a completely different system, but i can assure you travel has no desire, no capability, no willingness, no resources to do that at all, against any other countries specially i guess, united states in on victor let me ask you about national security and foreign policy interest of china and, you know, somebody look out there in the world. we were all sort of woke up one day and chinese diplomacy was key to resolving a major tension here in the middle east. we're talking here in doha, and china ended up being the bridge between the saudis and the iranians in a normalization arrangement was really shocking. united states was not involved. is

this an indication of a more robust and engage strategies for policy in real deep dispute? well, i would say china's effort to achieve a rough pressure bond between saudis and the radians. it was a turning point in chinese diplomacy. why? because the full decades shuttle have very good relations with saudi arabia on the one hand with the wrong. on the other hand, many times so these will tell china, well, given our special relationships, why them to downgrade your relationship with the wrong kind of said know, china. so what do you, relations are very important about china? uranium relations also very important and to launch the same thing. but sooner or later, trying to reach the point and trying to sense, why couldn't i bring michael relations with the saudi arabia and my relations with iran to the same table. bring the 2 great countries together and

convinced them that refreshment is better. i think that's the turning point and it so fortunate that both the saudi arabia's and the uranium is a listened to this and the chief rock pressure of all this will be a lead box event. not only for the be the least, but also for the islamic face of different a few nations. and as each other wants to do more of these uh, your brakes or skin diplomacy was he trying to be very actively engaged with other countries. tried to solve the dispute between and among themselves. well, you know, one of the big raging conflicts in the world right now, of course, is ukraine and russia's invasion of ukraine. i paid careful attention to what china has said about a concerns over sovereignty. but when not wanting to intervene, sometimes to be honest, it's confusing to me to listen to chinese diplomats describe which side of the line there on. but clearly,

another part of this is the relationship between china and russia that has no bounce, that you know is, is uh, pronounced to be very, very deep. but i guess my question to you is, you're so much larger than russia economically. they may have a lot more new your weapons, but are there behaviors of russia in this relationship with no bounds? they give you concern? well, i see in china is doing the rising, or would you russia and ukraine just stop the war from day one and keeps talking to them in that home and urge you all the other countries now to really pull multi onto the fi. you bring the wall to him and as quickly as possible before it's too late. if you look at the middle east and again here at the doha, for a lot of conversations about a potentially completely re shaped middle east in which a domino effect of october 7th, and the mos attack against israel and the response against garza which had led to expansion into conflicts with has belie 11 on, you know,

with iran. now we see in syria, and russia of course, is involved in syria deeply r r a. ron, we're is china in this map. what are your points of concern, where the tensions and relationships as you see it, or you just sitting on the sidelines from day one. again trying to cold on israel. and the policy is to cease 5. because china 40 respects the leads you may rise on the policy and people john has been promoting this 2 state solution for. do you think there's any chance of a real tuesdays solution? no, i think we have to achieve that because that's the only way to reach the be the least of his menace of perpetual fight. perpetual walk between the israelis and the arabs. far from you and president joe biden, you're on the same page. why do you think president biden has failed so dramatically in achieving a 2 state solution?

i think present vitamins and his administration is not serious about really promoting the 2 state solution because they very much a sweet into providing unlimited financial support. military support to israel. now with all of the us, unconditional support is real, cannot sustain, is long lasting war against the policy is by no more than 40000 innocent palestinian civilians are being killed. 75 percent of them. women and children, including many technical and this has been generally being labeled as an atrocity is as a general side, etc. and israel is full 15, all the goodwill it has accumulated, ever since it's independence. and i've seen prime minister netanyahu is really turning himself into opposing upgrade liability because he's not helping israel in any constructive way. is bringing israel more and more into

a call now. and also the spreading of wall in the middle east may eventually be very damaging to the funding modal interest. they get too much interest of the is there any people anyway, so i think uh the united states should do the rising. i'm always confused when the american government said we want to give unconditional support to israel. i see the need to revise that. they need to say if israel is doing the pricing, we want to give them on conditional support. if israel is doing the wrong thing, if is, was committing atrocities on general side, for example, why should the united states the biggest, the most important, most across the country, a country in the world give unconditional support to israel for the prime minister netanyahu is being opposed by up to more than 75 percent of the people, the israel, the want to each team away from the office. they want to send him to prison for

example. so i think we, i would really talk to him about the situation where probably a prime minister netanyahu wants to, uh, for the escalate to avoid being called to offer him that legal. uh, a clock my off that i started personally is, are you surprised victor? i'm, this may be too strong a term, but are you surprised from your perspective of also being a major stakeholder? you're now involved in this region. more china is more involved in this region of the input tense of care of states with regards to policy situation. i've been surprised that there hasn't been stronger actions activities across the board of no air of state has ripped up its peace deal that had a peace deal with his real. and they're still believe that perhaps down the road there, there could even be a saudi is really normalization, despite what we've heard from savvy leadership recently, there might ignore the palestinian state issue and proceed in some normalization.

i'm just interested in whether people think that palestine in the and, and just situation policies can be ignored to get to a different place there. and are you worried about that? i'm not worried about that. if you listen very carefully to what the kingdom of saudi arabia has to say, they put it very clearly on the table. they basically, they will, will be happy to normalize relations with israel on one condition that is, before they do that, the 2 state solution should be realized. i think that's the very good position for us. i will be or even after all, it is a spiritual di da. it just follow the load and it has a lot of responsibilities on his shoulder to recognize israel before israel agrees to a 2 state solution. may be considered as a big trail of the policy and people to stop the words and also let him down many muslims, and the higher ups for the real pursuits of the legion to meet the interest of the

palestinian people. because fundamentally is raised and the policy is should be viewed equal with each other. if anyone says is radius, i'm also pure rather than the palestinian. so the pod see is even 0 to the is radius. and therefore they should not be given equal protection. that itself is an insult to islam, is things out to the muslims. and i can think the kingdom of saudi arabia is called self, would ever tolerate a prospect like that. another area of major chinese diplomatic investment and economic investment is this organization called the bricks. bricks was actually a kind of accidental collection. you know, brazil, russia, india, china, south africa, now it's expanded to include other nations including the u, a. e, and some others. but i'm interested in when you think the bricks is serious. like

if it's a serious challenge to the us dominated economic order of the dollar, the swift system, whether that's changes intention to undermine the reserve currency status of the dollars. well, 1st of all, breaks is serious and the now the, or do you have 10 member states and the fact that country like turkey applied to join breaks and turkey is a member of nato, is really becoming a turkey loves that had its bets, which would be a turning point if turkey officially joins brakes as a full member or saudi arabian, so the already a revise already. i mean one foot in and yes, i don't go to the media just, but i don't think breaks is anti america or is disruptive. i personally, i'm not a big fan of d dollarization, but i really firmly oppose weaponized in the data or what the nice in the swift system. because if you want to rip an ice that all of these other countries assets

will, for example, and exclude other banks from the sort of system. fundamentally, philosophically you'll create such a level of despair, all apprehension that you will to do something as an alternative. therefore, when i listen to mister donald trump talking about slapping 100 percent tariff organs in the country, which wants to come up with an alternative carzillo, for example, you was talking about brakes members. i think president trump soon to be. we'll need to declare that no one should weaponized at all. no one should weaponized. this was says that who reduced the pressure on many countries which want to really have an alternative to the dollar. because the worry about the webinar, ization of the, of all the, the worry about the webinar as agent on this web system. so we need to really call

a spade a spade. and if noise is going to have a nice, not all the why should any of the country really spend a lot of time to come up with an audience alternative to the top? there is a stand off where many politicians want to preserve and protect tie ones autonomy and democracy. and that's a real point of tension for some people. and there's been a worry about what's been folded in hong kong and the trying and sentencing of democracy. protesters in hong kong, and then of course there are people who point to domestic issues inside china, the state of status of the wiggers. i'm sure you've discussed this many times with that arena. that package is something that is generating more and more political interest in support. in, in us politics and that affects national security it's, it's a very big issue with marco rubio, who is the likely next sector estate very much for the next national security advisor. so i don't mean to go on and it, but i'm just sort of interested in whether there is an understanding about the

sensitivity of those issues at the highest levels of katrina is government? well, 1st of all, i want to tell your global audience that i certainly believe many people in china in high positions. also believe like i do that without democracy. you can also a small deny ization. although a democracy does not have one the single for which suits all the countries, every country need to come up with its own adapt taishan to democracy and democracy to its own national circumstances. now the 2nd thing is autonomy of taiwan. do my best judgment? need to be preserved for the benefits of the people in taiwan as well as for china as a whole. now eventually peaceful reunification which will be much better than any other form and one country to system or even one country to resist them. for example, can be figured out, and the americans worry about the supply chain of the 70 conductors. i think john,

that can be flexible enough to declare the whole island of taiwan as the, because the free trade zone in china. and they will be guaranteed to inc and out for the semiconductor chips of all kinds. so i think we need to focus on really what's the most important matter that is the sovereignty and the territorial integrity of china. and the fact that there is only one china and taiwan being part of china on that basis. a lot of flexibility is an adept ations can be worked out to satisfy the legitimate interests of many countries, especially the united states. because the united states care about free flow of chips in out of taiwan, it, which you might view, may be a very legitimate consideration. if president trump, who likes to be a president to engage in a lot of 1st goes to tie one, will china be able to live with that?

no, i think if that happens, the diplomatic relations between china of the united states will be broken 1st. because china will never allow any country in the world, into the united states of america to have relations with both china on the one hand and taiwan on the, on the if you want to bets on taiwan since the united states has been on tie. while the national, who is the government several times in history, then you need to walk away from china. that's the, a quick pro cold situation. i don't think any real need to all the united states. want to solve it. you as relations with china, which has a population on more than 1400000000 people for the sake of encouraging separatism of taiwan. it's not worth it and it's not going to work. well, we'll have to leave it there. victor, gal, vice president of the center on china in globalization. thank you so much for joining us. thank you very much for having me. thank you. so what's the bottom line?

china believes that america isn't circling it strategically trying to curtail china is military and economic growth. it sees in america that's desperately trying to hold onto its crumbling global status. while china is global footprint groves. but there are no guarantees about the future. for china, with its growing power, it could easily overstep and suffer, especially if the world smaller country see it more as a predator than a friend. and theoretically, at least, america could improve its global standing by decreasing its hypocrisy and working with some of these nations that are in real need. but for now, both sides are watching each other with a lot of distrust. it's a potentially toxic group that will impact the world over the coming year. and that's the bottom line, the, the grace of the damage close to the precious gross. lots of chile is being

reversed with one of the world's biggest at the conservation projects. they're pretty emblematic of the pedagogy and if they're plentiful and they're calm like this one is, then you know that the system is coming back and that they feel no surrender. and that's why you know i, for 3 wilding patagonia on, i'll just say era. the colleges with the natural disasters increase concern and people across the globe are taking action at times. running founders the lower comes in germany,

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31st 2025. for more information, please visit the awards official website at w w, w dot h t a dot q a the . by the time i get into office, all hell will break out in the middle. is us present to elect donald trump to month to mess with this? this is rarely caps, its health and cons. that all the time he starts his time the voluntary johnston. this is so i'll just say a lot from deluxe also coming up more is ready strikes of trust because the strip 49 people are killed since dawn, with many more traps under the rubble.