the billionaire businessman had fallen out of favor with china's communist authorities china's commerce ministry says foreign direct investment expanded 6.2 percent last year despite the pandemic it says it reached a record high of nearly $155000000000.00 service sector accounted for more than 3 quarters of that dutch and british investment group sharply shares netflix have climbed sharply on news it has topped $200000000.00 subscribers the world's largest streaming t.v. service added more than $8000000.00 new users last quarter despite a price hike it says it will no longer needs to borrow billions to finance t.v. and movement productions the beggar friend says to have thousands you could jobs and at least 170000000000 euros in assets have left the u.k. for friends and brags that london is still allowed to operate your of transactions in the e.u. for 18 months after that all your a financial transactions will have to be settled within the euro zone. now for decades it has been one of the staples of cuba's communist system the nation has been giving many items of daily life to its people nearly

the ministry of commerce statement basically says companies or people in china, chinese or foreign, don'teed to comply with sanctions, and it allows companies to sue for compensation if their interests are damaged by such sanctions. these new rules did not name the united states by name that we know what they are implying. hong kong saysn companies with significant interest in china they need to tread carefully to avoid being subject to claims by counterparties in china. that attorney says the finance sector will be among those most affected by these new rules. turn to taiwan, the trump administration may be further challenging beijing's one china policy. week, this any other could potentially be the top story worldwide. the united states changing its definition and restrictions, moving the restrictions it has in place for decades now on its diplomats and military personnel and other officials in the air contact and interactions with taiwan. that obviously would provoke beijing and could lead to serious deterioration of that relationship. areagain, i caution, we nine days or thereabouts a

commerce and finance ministry, we are still seeing strong signs. will continue around points of raw materials. it will continue to move forward. as a result -- indonesia, we met with the bank of indonesia and a host of public and private companies. we are seeing very strong trends. herd immunity. we are seeing significant growth in the private sector and indonesia. we do think some of those will come to market over the next six to 12 months. we are seeing progress. all positive signs that we think the strong performance as indonesia. david: i cannot let you go without asking about the indonesia story. we have already started to see this plan among some of the shortened stocks. should i get into this? what would you say? >> stock prices are driven by fundamentals. they can see severe dislocations. early in my career, one of my traders kept reminding me that a stock going up is not necessarily a sign of fundamentals. that trumps in the short-term. as you start to see announcements like charles schwab withdrawing liquidity from retail option portfolio

the ministry of commerce in china in a statement said essentially -- companies or people in china do not need to comply with foreign sanctions. citizens allow chinese and companies to sue for compensation. a lawyer here in hong kong, nicholas turner said that companies with significant interest in china would need to tread carefully, foreign companies, particularly american companies. a u.s. was not specifically named in these rules but mr. turner said they will need to tread carefully to avoid being subject to claims by counterparties in china. and he said the finance sector will be among those most affected by the new rules. anchor 1: and there is another measure that could raise tensions between the u.s. and china with the trump administration throwing a bomb when it comes to another taiwan issue. >> this could be extremely significant or it could be nothing. how is that for an opening sentence? nine days to go until the trump administration is out and the biden administration comes in. biden't know how the administration will view the one china policy. this could be the final mov

security interests the commerce apartment has $45.00 days to decide which specific transactions will be banned under the executive order a spokesperson for the chinese foreign ministry weighed in on the move wednesday saying quote this is another example of the u.s. bullying arbitrary and heads of monic behavior the us is overgeneralizing the concept of national security and abusing its national power to unreasonably suppress foreign companies which is detrimental to itself and others the relevant measures will certainly have some impact on the relevant chinese companies but more importantly they may damage the interests of u.s. consumers and the country for more on this let's go ahead and bring in professor richard wolfe host of economic update and author of the sickness is the system when capitalism fails to save us from pandemics or itself professor always a pleasure what do you make of this latest move by the trump administration regarding these chinese apps. well if 2 it seems i find remarkable the 1st is that a president who sat with 14 days left is passing on the border about a star in niger and take up the 45 day in other words this is an order has absolutel

ministry said that the biden administration should learn lessons from the failure of what it called and derided as president trump's america only approach this of course comes after biden's nominee for commercery had said that the biden administration would make every effort to try to protect the telecom networks from huawei, as well as zte, what the foreign ministry said was a suppression of chinese companies and after she repeated that the biden administration would take an interdepartmental approach to be much more aggressive on china. so chinese state media had picked up on how the biden administration is going to have a multilateral strategy, a secretary of state and to the blinken confirmed overnight had made some of his first calls to traditional u.s. allies, japan and south korea, and the global times argued that the chinese have just as much as what jen psaki, the white house spokesperson said strategic patience as the united states, in order to win a battle with the united states, saying it has a very strong economy and also competitive companies. so still a lot of attention, frank, in the relationship as china waits to see exactly what the approach is going to be from the biden ad