-china rivalry. that was beginning but did not really fully flower until after china had made the strategic decision to engage with north korea, so i think the decision to engage and roll back the clock to restore north korea as a strategic relationship occurred prior to the advent of an increased u.s.-china rivalry but the magnification of the rivalry generated strategic space for north korea to maneuver in the context of things like the breakdown of the security council ability to pass sanctions punishing north korea for long-range missile tests and things like that. but there is another effect that occurred, that north korea, despite its desire to achieve strategic autonomy, in my view that is what north korea's main view was in terms of managing, to generate strategic autonomy of their own triangle with the u.s. and china respectively. instead of achieving that, what they ended up doing was to achieve greater dependency on china. so we are now in a situation in the context of the indo-pacific whe

and also along the coast of china to send the message to china. it is what the mafia would call a protection racket, right? i mean, this is the crack. busy of a gangster movie, you give us what we need and we'll make sure nothing happens to you. that's the deal. good deal for both sides, right. i mean from nat geo political arrangement, the world's largest chip maker, p. s m. c. was born to yes, i'm say the one that that's the and that's velocity met with it's solved for us as chip problem. and the us is military solve taiwan security problems with china. i mean here's the deal. henceforth, taiwan becomes dependent on the u. s. and the u. s. gets all the chips it needs to control the global tech sector so much so that by 2010, 92 percent of all the us chips are made into 192 percent. then somebody goes up, it's suddenly china and it's economy starts to boom. while this is going on, you know, explosive growth, the chinese star leading the way in the making of teammates and phones and monitors and computers and kitchen appliances. and uh, you know,

view of china. so all this money spent, the intention of china's global outreach will be revealed to people sooner or later. >> thank you so much for your time. a rising senior at berkeley so go bears. amb. o'brien: a lot of cal alumni year, this is great. >> i want to turn attention to industry and whether it be semiconductors or at large emerging technology and assertive interest in competition with china. see a lot of action in terms of export control, but we also have seen industry pushback against a lot of these actions the current administration has taken or is planning to take. i think coupled with the fact there are theories at times that pushes them to have capabilities on their own and have less reliance in the west for us, how do you balance the need at some level cooperate with the industry and make sure they're able to be profitable and became this presence in the indo pacific at the same time ensuring we are not furthering china's interest. amb. o'brien: it's a hard question, hard to f

south china sea. china's outsized and politicized influence within specific next generation industries and manufacturing supply chains, economic policies, artificially boosting chinese firms' competitiveness and behavior to influence democratic political system around the world. those problems are exactly where u.s. policy and legislative efforts should focus. but none of these military, diplomatic, or ideological areas of strategic competition with china will be changed by marginal adjustments in china's economy from current levels. even if china were to improbably reach the level of u.s. gdp. and china's slow pace of economic growth is more likely to weaken beijing's capacity to confront the united states and its allies in these areas rather than rapid economic growth, boosting china's capabilities over time. second, beijing is attempting to downplay public recognition of china's economic slowdown, both inside china and internationally. the most important propaganda message for china's leaders relat

[000:00:00;00] and why is the main goal of china? this cooperation in such a field with the russian federation was for them to evaluate the strategic tasks of china, and the whole world is divided not only for ukraine against ukraine . not because china likes russia or because there are any sentiments, because it will be a victory for the collective west, it will be a victory for western civilization and western weapons of western ideology, and china cannot do this allow and that's why we welcome a draw because russia can no longer win, even china understands this, russia could have promised the chinese , as well as its viewers, kyiv in three days, but it did not fulfill all its obligations, and a long war with china is not profitable for today and therefore, in order not to allow russia to be defeated, china will help it a little diplomatically, a little with technologies, a little with dual -purpose goods, but no more than that, china immediately spoke here from a refutation to an official spokesman came out a few hours later he li

she looked at me, and she said, "if you make china the enemy, china will be the enemy.owerful foreign ministry echoed key grievances in answer to a question about the trade dispute. rory: many of these points go to the independent policy choices of the australian government in a democratic system, including choices to do with legislation, with the funding of think tanks, with the freedom of the australian media, with diplomatic positions australia takes in the international system. so, it's simply untenable for any australian government to concede on those points. and i fear that, in a way, the chinese government has painted itself into a corner. stephen: in the same month that china effectively banned australian barley, another rural export was hit. female: four australian abattoirs have been banned from selling red meat into china. one of the meatworks is in casino in northern nsw, while three are based in queensland. patrick hutchinson: when we found out it was all hands to the pump exceptionally quickly. i certainly was on the phone for basically 72 hours just becau

china and russia to . but the reason why the chinese do push for the piece piece of resolution is not just i do listed it as practical purposes. let me give you a couple of quick reasons. if you think russian relation with the west in, in your, what, what was kind of is a conflict. but if you look at how russia and china and settled their older problem, there secured a problem at a more or less the same time when they will start to expand in the west. it was released as with the eastern partners, including china, all the, those central agents, they've actually been totally different, a mode of confidence building negotiations by last so high uh, you know, publish organizations. these are the same issue of the post. so with the space how to handle that, there are 2 radically different examples. the chinese peaceful, no push for peace resolution actually has its own examples and evolving russia. so if you say russia is the, the blame for everything. but russian has settled this religion with china in the eas

goods from china over the decades invested vast amounts of money and china. so that's a really strange way to be holding china back. this is our base, the rate calling we think from the chinese communist party saying that they're being encircled, they're being held back. it's all life is unfair. and yet, it appears to look at their own actions, which have been very detrimental to bilateral relations with america and with other trading partners. and they've certainly made far, no, so target off a lot of their major. so it's not necessarily fair that's all as well. next, in this relationship between the us and china, because china clearly has its own economic problems. back home, you've talked about how the us did, you know, is not looking to be careful from china and tiny, but relation still remain strain. so why should we be seeing this relationship go in the coming is, are they gonna get closer together? they're gonna repair these regulations now, or are they going to deteriorate that? um, well i think it's going to remain very straight. it's as simple as th

before that, we talked about how china's relations with russia and china's relations with ukraine were transformed , especially during the full-scale invasion, and now we are talking about what tactics the official beijing will adopt in relation to our state regarding the aggressor country in the near future and maybe then the second question is whether china will be ready to go to certain agreements, it is possible to sacrifice some of its interests or such progress has taken place. i mean in the solution of the war in ukraine here. years after the covid history and so on, china has undergone its own internal transformations , in fact, there has been such an even greater centralization of power, and china has also managed to remove the uyghur issue, the global international agenda, and with taiwan, things are far from the same it just looks like it used to look, as for what china calls the ukrainian crisis, unfortunately, it is not very adequate from our point of view, but the fact is that china does not need either russia's victory or defeat, and china sees the same thing in relation

and also along the coast of china to send the message to china. it is what the mafia would call a protection racket, right? i mean, this is the credit of a gangster movie. you give us what we need and we'll make sure nothing happens to you. that's the deal. good deal for both sides, right. i mean from nat geo political arrangement, the world's largest trip maker. p. s m. c. was born to yes, i'm say the one the but that's the and that's the velocity you met with it solved for us as trip problem. and the us is military solve taiwan security problems with china. mean, here's the deal. henceforth, i want becomes dependent on the u. s. and the u. s. gets all the chips it needs to control the global tech sector so much so that by 2010, 92 percent of all the us chips are made in taiwan 92 percent. then somebody goes out suddenly, china and it's economy starts the room while this is going on, you know, explosive growth, chinese start leading the way in the making of teammates and phones and monitors and computers and kitchen appliances. and uh, you know,

and also along the coast of china to send the message to china. it is what the mafia would call a protection racket, right? i mean, this is the credit of a gangster movie. you give us what we need and we'll make sure nothing happens to you. that's the deal. good deal for both sides, right? i mean, from that geo political arrangement, the world's largest chip maker, g s m. c was born to yes, i'm say the one that but that's the and that's the velocity met with it's solved for us as chip problem. and the us is military solved by one security problems with china. i mean, here's the deal. henceforth, i want becomes dependent on the u. s. and the u. s. gets all the chips it needs to control the global tech sector so much so that by 2010, 92 percent of all the us chips are made into 192 percent. then something else happens suddenly, china and it's economy starts the room while this is going on, you know, explosive growth. the chinese started leading the way in the making of teenage and phones and monitors and computers and kitchen appliances. and uh, you

china policy. i people have been much more more practical really and think about this and really expect democracy transition to occur time soon. i think. human rights issues are a genuine concern. american people and people in other parts of the world and so they're always going to be the agenda of the relationship. but i my in government gave me lead me to draw the conclusion that the only way human rights treatment is going to improve in china when it's the comes from chinese people and that international community never be able to do this through their actions even you know we can sanction people who use xinjiang cotton but frankly most of the chinese public stands with government and should jail exactly for elite or liberal members of the chinese public small element rule. yeah. so it just leads them buy chinese running shoes rather than western ones to sportswear. so it's not really going to change anything unfortunately. yeah. we should get to this next question, which is interesting. what ar

how did russia end up in china? he was put in such conditions that it was difficult for him to choose between the bad and the extremely bad, and that is why the chinese representative was forced to come to present his initiative, apparently this 12 step there according to the peace formula , but he understood that the alliance of civilized countries was formed, which will increase the pressure on russia, does this mean for china that he is late for this world train, he can no longer lead the process, so for china it means that he will be forced to change in the near and medium-term perspective, he will be forced to change his concept er. he went there within the framework of the confrontational concept , making statements er that he would take taiwan up to the military path, plus before that he appointed a minister of defense who was under sanctions, well, this is such a diplomatic gesture at the peak of the united states of america , he took many such steps, ah, deploying a confrontational scenario, now coming to t

-china rivalry. that was beginning but did not really fully flower until after china had made the strategic decision to engage with north korea, so i think the decision to engage and roll back the clock to restore north korea as a strategic relationship occurred prior to the advent of an increased u.s.-china rivalry but the magnification of the rivalry generated strategic space for north korea to maneuver in the context of things like the breakdown of the security council ability to pass sanctions punishing north korea for long-range missile tests and things like that. but there is another effect that occurred, that north korea, despite its desire to achieve strategic autonomy, in my view that is what north korea's main view was in terms of managing, to generate strategic autonomy of their own triangle with the u.s. and china respectively. instead of achieving that, what they ended up doing was to achieve greater dependency on china. so we are now in a situation in the context of the indo-pacific whe

and however, i think it would really re ignite the debates about china and our relationship with china in germany. if we see that chinese call made because of the subsidized to produce. yeah. and also compete with our co make us at a time when the german government, which is trustworthy since trying to strategy a month ago. and it's really deafening down. and the risk being in douglas, just in case of away from china that would really send mix signals. but on the other hand, many uh, misled um and also either your pin member countries, they have read when they attract more investment, right? because ultimately, if the chinese comic is producing this is also creating new jobs, right? so they use a certain incentive to subsidize them. but it could also really sheets up the debates in germany and about what sort of relationship we want to have with china going forward. well, that sounds like it's going to be a very tough balancing act. so greg oh, sebastian from merricks there. thank you for joining us. thank you. or and that's our show for me and the entire business team here in berlin.

south china sea, china's influence with many , boosting china's competitiveness, and behavior to influencecratic clinical systems around the world. those problems are exactly where u.s. policy and legislative efforts should focus. but none of these military, people met, or ideological areas of direct contact with china will change from current levels, even if china were to reach the level of u.s. gdp. china's slow pace of growth this unlikely to challenge these areas rather than economic growth boosting the capabilities over time. second, beijing is attending to downplay public recognition of china's economic slowdown inside china and internationally. the most important propaganda message for china's leaders related to the economy is the argument that china's economic rise is inevitable and this will reinforce china's rise in the power status. china believes they can influence the narratives through conventional domestic propaganda but also restricting the availability of economic data of stories they dislike. china's economic data should be understood as critical elements of china's inter

where is the china heading, co, china. i'd be heading for a liquidity trap here when consumers and investors are holding cash rather than spending so well, yes. kind of, i'm just kind of what's going on. i mean, um, in a way, um, companies have not really part of the company side is i've not really been hiring a lot of people, not spending a lot of money on the investment. mean, the numbers for private investments have been distorted level back to influenced by what's been going on in real estate, which is, is really bad. and sort of outside of real estate. private companies are still investing a bit, but the numbers are pretty weak. households and not really borrowing, there's been quite a lot of anecdotal stories about households paying off the mortgage is not taking out you mortgages. so confidence is really shots. nobody really wants to kind of step redneck. you're over the parapet. i think this is the dangerous, i mean, yes, the people just hold cash sit on cash. don't want to spend, don't want to borrow. this is a si

china relationship is not washington, it is china. have began to give chinese communist party's the agency in this nature in directing the relationship. i can give you one example. sequeira -- secretary raimondo was optimistic saying we will promote the american tourist to china and that is all good. in the meantime, the state department is issuing travel warnings to american citizens telling them not to go to china because you can be subject to arbitrary detention and arrest. this is why it is china's turn to change its policy. it is not the united states. another thing we have to remember is we have been a wrong policy until richard nixon until a few years ago in a sense we can only gauge china in limited area. our engagement which china is mostly focused on areas that would benefit china better than the united states, economic trade, trade, and cultural exchange, those are all fine. but now we have changed the policy to engage. u.s. china relationship is so comprehensive, every aspect of a normal sovereign relationship. so as oppos

is one of the biggest private employers in china in china. i think you'll be relying on that kind of business. why would also make the case that he's the best ones to manage relations been paging, but do people believe him given that he has this uh, deep uh, business interest with a china? or what is the question again? he responded, sir, yesterday he said he would be willing to sacrifice personal assets in china for the sake of taiwan, who has been a popular figure within taiwan. he's viewed as a symbol, that's why we need his business business success votes kind of course makes most of well i think that was some supports of the support of the main or position policy, nickel and dime that were really disappointed when she didn't win the nomination. for that policy, but i think the skepticism and that kind of the concern about his kind of just the lives in this page that he can really run taiwan like a business. and one of his opponents has already come out and said that running a government is a very different prospect. again, our on typefac

this week including china southern as well as both air china and china eastern later this week.ghts, but when you look at bookings for international flights, the response from chinese passengers hasn't been as strong as expected. let's bring in industry analyst francis who joins me now. expected. let's bring in industry analyst francis whojoins me now. of course, there have been a surgeon chinese tourists in a number of asian countries, but when you look at the bookings themselves, not as strong as what a little is worth hoping for —— a surge in. why is that? hoping for -- a surge in. why is that? �* , , ., hoping for -- a surge in. why is that? ~ , , ., ., hoping for -- a surge in. why is that? ~ , , a, a, , that? as you mentioned, the chinese carriers have — that? as you mentioned, the chinese carriers have just _ that? as you mentioned, the chinese carriers have just started _ that? as you mentioned, the chinese carriers have just started restoring i carriers have just started restoring domestic capacity late last year. in january, the chinese authorities lifted the internati

and the other argument, or the other extreme, is if china, china is wrapped in the cost of the china, does not collapse china most wrapped in others. so these are 2 extreme views of china, which has been going on for several decades. but the problem is, in the real world, there are seldom, you know. i mean, there are things that black and white in nature, but the western approach to anything internal, personal, interpersonal, or interstate relationship is one of the black and white that realities. there are many, many shades of, of different colors, different states, and other chinese, you'll also be approach to the issue is the, you know, if we're different we can work together. this is the confucius notion that the unity of the differences. ready harmony of the differences, the west of the approaches. but humans, the of the same is the us, we are the same. you are like us, your bundle, you know, your cultural, social, and religious economics heritage in order to be like us and you know, why should i ask, what is in store attractive about the american way of life? i mean, look at the

autos in china. there have been long disparity between the tariffs we have placed on chinese auto in arts before 2018. i think it was to 5% before we raised it -- 2.5% before we raised it. would you agree with me that the chinese advantage in ev's came out of the combination of a number of policy choices. one is the subsidies, the purchase subsidies, which were tens if not hundreds of billions of dollars. the second is protection of tariffs of the largest automobile market and ev market in the world, the u.s. is second. number three is lower environmental standards which allows them to refine and mind critical minerals at a cheaper rate. as well as lower labor standards . i think at the beginning of the ev industry in china, theft of intellectual property from western companies, particularly american companies. are those factors correct in building the chinese advantage. >> yes they all played a role. it came at the right time. these policies were initiated around 2010. by 2015 we started seeing the

and we know that this mayor is more about mainland china , that is , for friendship with china. somebraced and the history of hong kong has not taught us anything taiwan the fact is that not 100% of taiwanese are they defend the position of an independent taiwan about 70 percent yes but the arrest is aimed at mainland china and we have a clear to realize that legally taiwan is part of china let's take history let's say the last history of the 20th century when both chiang kai-shek who went to taiwan and mao zedong clearly considered taiwan as the territory of china , no one had objections here only after, as it were er china became communist, then different movements began on the part of the united states when in the 50s they signed a corresponding agreement there, but they still recognize er taiwan as a territory of china, so there is nothing strange here, different political views what about us? we have to mean the presidential elections next year, there will be an interesting situation when there will be a struggle between the supporters of independence and us supporters of return

and even that is a problem because we have china is over the last couple of years. china is cracked down on one of the tech education on the private sector or industry is that usually kind of laptop, young talent answer following that we still must lay often reduced operations for those types of companies that happen. some measures taken by the chinese government to try and improve the situation. so we had subsidies for companies to run. internship programs, subsidizing longer contracts for young people. but i think this decision is still publishing unemployment. they said, well, worry many inside and outside of china because it signals that in the sense, information itself is becoming politically sensitive and we never use the same. and recently, the officials have been discharging on a list from discussing the deflation re, situation is a concern. i think, but it's just going to become more difficult to analyze and understand the situation in china as it says, we live with the, with the time being with thanks so much for joining us today. james territory and type a, a state in northern

china claims the territory as art sea. china claims the territory as part of _ sea. the territory as part of its historical- as part of its historical boundaries, but international law does not recognise that claim. but with russia's invasion of ukraine, for example, international law was totally ignored as a professor in international law how can you make sure that all of these countries follow the law? i think that is an excellent point and that is a matter that the international community is increasingly concerned about in terms of the role of major superpower dates apparently ignoring international law and the russian invasion of ukraine in 2022 is perhaps the best example of that, we also need to be mindful that, as you know, there is a 2016 decision of an international arbitral tribunal was conclusively determined that this area of dispute is part of the philippines exclusive economic zone and that china has no territorial or maritime roads especially with response to this schole. there is a need for the major states in the major powers within this region to co

u on china. now and joining us with more is merrick's analyst, squiggles, sebastien, how good plans buy chinese carmakers to set up operations in germany, affect you, china trade tensions higher upon the? well, 1st of all, as many views might be where in recent years and months, especially if you're trying to trade, the relationship has become increasingly unbalanced. so what we mean by that is that our imports have steadily increased in recent years, but our exports to china actually stagnates and then some sectors actually also go down. so if we see more investment by the chinese comp, make us in germany that could help to some extent these, these trade tensions. because that would then mean that china is potentially sending us less of these higher goods, like electric vehicles. but draw the producing them here locally, so that could actually be beneficial for you trying to try to actions. all right, so that could help ease tread tensions by, of course, shifting production to germany. and of co

you know, i remember, you know, when i first started interested in china and reporting on china was around when china was entering the wto in 2001. and bill clinton, you know, had delivered this famous line when he was trying to argue for china's inclusion in the wto, which was, you know, he said, you know, if china joins the wto, the internet will know will start spreading there. and, you know, and and, you know, trying to control the internet is like trying to nail jell-o to the wall. right. and so, of course, the communist party will never be able to do that. and eventually, you know, ideas about democracy and freedom and the rule values will spread through china. right. and i think a lot of people believe that. i certainly believe that, you know, and i think and i think china was sort of believed it as well. i mean, i think a really afraid of the internet. they obviously censored it pretty heavily. but i think there was a kind of there was a turning point in china probably around sort of 12, 11, 2012 with the when when social media really started to spread in china quite widely. and i

glenn austin and china. i have been discussing a code of conduct in the south china sea for at least 21 years. why don't we have a legally binding court as yet or well, i think it's very important to know the motivation at interest on different policies. in this i think for, you know, a car on got a boss inventories. i really want to have a binding correspondence in south tennessee to prevent country, you know, to escalate all to use them. they do the power to transfer now the country. but for countries like china, you know, as the single most powerful state in the reason there is no point for them to, you know, create reduced by the content. so the content of actually follow the effort to be with the collaboration on the c o, which was fine. and so, but this one was a, you know, not biding. so all the countries of the states. yeah. really wanted to view a legally binding document which is called content. and they have been trying to, these can squeeze to themselves over china to do just come from the all th

china definitely does not want russia's victory. china needs a weakened russia.s, china is not ready to give up on russia today, and since this russia and this genie are tools in the hands of china to confront, first of all , the united states and with the entire west, because non-western countries have their own system of interests, these interests are very different and their visions i am the last sometimes i try, uh, a lot, a lot, not everything now, a lot in the sense of understanding the position and influence, if it is possible to communicate with representatives of non-western countries, i want to tell you that this is an extremely difficult process , extremely difficult, and because they have sympathy for russia and the fact that they have a certain allergy to the west, they see us in the future as western ukraine well, that's great but nevertheless they don't perceive the west like kyiv in many countries there is also anti-americanism that rather progresses that's why it there is no uh, very simple logic and some common denominator, because in my opinion

and a potential crisis in china with china over taiwan.n the conventional balance in northeast asia shifting at the same time that nuclear balance is shifting towards china. the question they are in terms of managing relations is could this be to increase chinese risk-taking? robert daly has a nice formulation work at the united states does the necessary prevents an erosion of the conventional balance in northeast asia that is a heavy lift and maintains the nuclear balance, the balance of terror we are not going to change china's long-term objective. they are all in on taiwan as part and are anxious to move forward on it but we can change the calculus decision so they will saykn not this year. we push it, push it often find time and diplomacy. that's the taiwan piece and i'm happy to say more on ukraine. let's let's do that. when you read in to your essay you have this fascinating section that discusses the basic principle document that came out in 2020 under which russia would employ nuclear weapons. a lot of this i believe was done by ge

would you, diplomatic, china's to china. and this map is also being released just days after the break. somebody can drive his bag where it's, and these peasants agent being in 5 minutes to move the met briefly and also a week ahead of the g. 20 summit in delhi, where chinese and indian delegations will be meeting again. is china setting the tone for this meeting? of the, you know, the timing is, is extremely important. it's no coincidence. this is so cord stranded map was released just after the big summit and just before the g 20 summit, nothing in china happens by coincidence. these moves, people always believe, carefully calibrated to send a message. at the big summit, there was much made about this conversation that she's eugene. she shouldn't big and a minister movie had. but it was very short and informed me conversation that they had in the need of loans, where they bought the tools to my de escalation. it wasn't a big meeting that it was made out to be. so the also, i'm just after this big step breaks, meeting, who

a wrong signals to china and the i wrong signals to china and the chinese — wrong signals to china andthey will feel it is _ chinese government that they will feel it is without _ chinese government that they will feel it is without consequences, i feel it is without consequences, what _ feel it is without consequences, what they have _ feel it is without consequences, what they have done _ feel it is without consequences, what they have done in - feel it is without consequences, what they have done in hong i feel it is without consequences, i what they have done in hong kong feel it is without consequences, - what they have done in hong kong and the threat _ what they have done in hong kong and the threat posed — what they have done in hong kong and the threat posed to _ what they have done in hong kong and the threat posed to taiwan, _ what they have done in hong kong and the threat posed to taiwan, with - the threat posed to taiwan, with consequences _ the threat posed to taiwan, with consequences. those _ consequences. those western countries — consequences. those western countries

china ties will probably set some kind of tone for u.k. china ties.ly some of the issues are different. there is a lot with the conservative government who are opposed to improving relations with china. in a speech earlier this year he spoke about his china policy and relations with china, it was quite controversial. i think you are seeing a general attempt from many different western nations and developed nations to improve ties with china. the french finance minister was just here. a number of other world leaders and senior leaders of different countries coming. i think this is all part -- we definitely see this as part of an attempt from various different developed nations to improve ties with them. lizzy: of course cleverley's former boss the prime minister liz truss to was a big china hawk dimension. thank you james for that update on all things china. now to pivot to corporate news bloomberg has learned that goldman sachs sale of its consumer lending unit green sky is entering the final stretch. it comes as goldman plans to sell its 29 billion i