earlier i spoke with wendy cutler — vice president of the asia society policy institute — and she explainediewed relations between the two countries. well, trade relations, like other parts of the us relationship with china are tens. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it’s operate in their country. it's interesting. _ operate in their country. it's interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship?— the economic side of their relationship? well, clearly bei'ina relationship? well, clearly beijing seems _ relationship? well, clearly beijing seems more - relationship? well, clearly - beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, a

between the world's two largest economies have for more, wendy cutler vice president of the asia society policy institute and former us diplomatjoins us now. trade relations like other parts of the us relationship with china are tense. while a lark of trade still continues to flow between the two countries tariffs remain in place export restrictions remain in place and try never increasingly is imposing regulations making it very tough for us companies to operate in their country. interesting though because economic ties still happen where discussions with geopolitical issues and onto the defensive front just shut down so we just now have bill gates and elon musk visiting china she would feel more positive about the economic side of the relationship was not clearly beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part. of the relationship versus the military part-— military part. one thing i will be looking — military part. one thing i will be looking out _ military part. one thing i will be looking out over - military part. one thing i

sorry daniel's is the managing director of the asia society policy institute and in the united states and joins us tonight from new york. welcome to the day in miss daniels, the white house respondents to the situation in the south china sea, with a grave warning. let's have a quick listen to a john. kirby had to say it, it won't be long before somebody gets hurt. that's the, that's the concern. with these unsafe and unprofessional intercepts, they can lead to misunderstandings. they can lead to miscalculations when you have pieces of metal that size, whether it's in the air or on the sea, and they're operating that close together. it wouldn't take much for an error in judgement or a mistake to get made and somebody could get hurt. and that's just gotta be unacceptable, should be unacceptable with them as well. with so much at stake, what stands in the way of productive the escalade, tory talk here as well. is there a number of reasons that both sides things that the ball is in the other countries court to, you know, create a more favorable condition for a productive dialogue? from th

she is also a senior fellow at the asia society policy institute. thank you forjoining us.icant milestone given the level of distress there is between the two countries. yes. given the level of distress there is between the two countries. yes, it is a significant _ between the two countries. yes, it is a significant milestone - between the two countries. yes, it is a significant milestone but - between the two countries. yes, it is a significant milestone but i - is a significant milestone but i think we should temper our expectations because there is a great deal of distrust between the two countries right now. the bilateral relations is apparently at a historical low point so i think the expedition overall is fairly low, so as your correspondent said earlier, the visit was derailed by the spy blimp saga earlier this year. the stakes are high but the purposeis year. the stakes are high but the purpose is about dispelling misconceptions, it is about signalling the intent to convert and listen, which are very important to stabilising the bilateral relations. the americans wi

the asia society policy institute vice president joins us now from tokyo, wendy cutler.reat to have you with a spear i can just imagine how both sides will try to -- great to have you with us. i can just imagine of how both sides will try to lower the bar on what comes out of these meetings headed into july. what are you expecting? >> first of all we are expecting secretary ellen to visit. she's been anxious to visit now for a few months. we need to see secretary blinken go to beijing first. there are a lot of issues yellen can work on with china. particularly macro economic stability and dealing with restructuring debt for developing countries. there are opportunities for cooperation. china has been reluctant to cooperate. let's see whether her visit advances cooperation in either of these important issues facing the global economy. >> how much of that unwillingness to cooperate is of course given washington's actions lately? we were already talking about how ahead of this visit or around this visit we could see an executive order by the biden administration that would