cheng li. i am born in germany. i have been here 67 years. people are always taught that the chinese people are so far in advance, or have been forever. why on earth would you stupid stoop down and steal our secrets that people in america have worked hard to get. i do not think that is very nice and professional. you have enough people that you can find out your own industrial things. guest: first, i am chinese, but i am a chinese american i became an american citizen 10 years ago. i do not want to defend china. in the interest of not just the u.s. or the west but emerging markets like china. is dominated media by fear. there is a certain validity the president has touched an important part of american lives -- security, and physical safety. these are all important. we should also put in perspective that this is not the only country doing this type of thing, and certainly china might be behind with intellectual property rights, but the issue of cybersecurity is a global issue. it could be argued that china could be a victim. i think this is a

cheng li joins us for the conversation. he's a senior fellow at the thorton china center. thank you for joining us. but our leaders and countries looking from the summit? >> guest: there's three levels of obt? >> guest: there's three levels of object is. first are the concrete issues, especially north korea and cybersecurity and economic relationship between the united states and china. they concern about the regional security and tennessee, particularly american position in these areas. also come the second level is the relationship whether it can and mutual respect and the third level, both leaders called the new type of the major power relationships should be cooperative rather than conceptual. these are the three levels of object days. >> host: aside from the specifics, how does the economies of the two countries factor in? >> guest: the most important concern for both leaders because both countries facing economic challenges in her china, particularly economy slowed down. both countries understand the importance of trade and the market access and also many other issue

our guess where dean chang and cheng li who talked about the chinese economy. this is an hour and a half. >> it is in california today that president obama and the chinese president, substitutable me for two days in a short sleeve summit. it will take place at the annenberg center located at sun aliens in california. a picture today in the "financial times" to the shirtsleeves vindicating is going to be more casual nature. a combination between the two leaders about a variety of topics were focusing on these topics over next two segments on this morning's program. cheng li for brookings institution joins us. >> guest: thank you for having me. >> host: what are both leaders and countries looking for the summit? >> guest: there's three levels of object is. versus concrete issues and especially north korea and cybersecurity and also economic relationships between the united states and china. for china they also offer that can turn about the regional security and the south china sea and east china sea in these areas. also come the second level is the personal relat

cheng li, i've been listening to you for about an hour. my call is about our trade agreement that we have with china. it is lopsided and i don't think we had to do that. that is the cause of the right of china. as far as you being a communist country, we get into this name calling thing like the lady called it this and that and the other. this is a reflection on our country. i was born and raised here in america is proud of america. to be an american citizen. and i do know that we are an immigrant country. what i am saying is i think that we should be fair with the currency. and the trade policies. so, china has to come forward with the honesty and put these things on the table here and that is all i have to say. what you have to say about that? i would agree with mccaul's john arrow assessment. i think that china contributes to the consumption of the united states because they know that price and it is an expensive product and wal-mart and kmart but now also it contributes to the other prices at the high end of the products and putting te