imports the china and over the south china sea. dollar trade lower following these tweets, and the question is whether this is more empty rhetoric from donald trump or whether he will be taking a more confrontational line with china. >> very much the word out of beijing is that he is not president yet, and perhaps he is being badly advised. they are doing everything they can right now. >> america's four-decade one china policy may be put to the test with president-elect donald trump, saying no one can tell him who to talk to. this comes after the uproar after his phone call with the president of taiwan. he says his attitude will depend on securing better trade deals with beijing, and the one china policy he says may be china's policy, but not america's, unless he can make a deal. what is the buzz on the ground in beijing as to how china is likely going to react here? >> there has been no official comment so far, but we have had an indication from the state media as to how some here feel. the "global times" describing donald trump a

positive for china.xceed imports, that is a fact. a lot of is also generated from the service industry, so in the long run, china's economy looks good. and there are a lot of chinese companies who are looking overseas to acquire businesses, but they keep getting shut down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? fair.needs to be china welcomes foreign , so other countries should also welcome chinese investors. >> this is a massive undertaking, the transition of the economy, but you can see, the research side, the consumer side, the tech side is going very strongly. the chinese firms are beginning ageinvest in lower-w economies in the same way that other businesses used to invest in china, vietnam, myanmar, africa, and effectively replicating the stage of development they went through and other countries and building infrastructure to create trade flows, trade corridors. as ever when you're trying to do something very ambitious, you w

china policy. mr. orlins: does this, excepting a call when he is not yet president, i would argue that what our prohibition is about official contact and since he is president-elect and not yet president, that actually is not an official contact. no? that is ager: well, good way to describe it. [laughter] -- orlins: sense that it since i look to avoid confrontation that is the way i choose to describe it. i look to the secretary of state in taipei and i know since i worked in the state department there are prohibitions. i said wait a minute, you're not supposed to be here. he's a, i have been named but i have not taken off yet. i am not official. so there is precedent for that kind of contact. so what do you think after that , the president-elect was out a tweet after he criticized and i had to write it down to have it precise. "did china ask us if it was ok to devalue their currency, making it hard for our companies to compete? heavily tax our products going into their country? the u.s. does not t

and china.t would improve relations. >> as sun li points out china town evolved into unique community. >> talk about grand avenue. >> this part is the most picturesque and visited by the community. it was built by the people who survived the earthquake and wanted to reinevent china town. >> you have the ideal chinese american family living in the public housing. so we have a happy endsing that ends of this hundred years of chinese american history where you have healthy chinese families living in china town. >> that was as good as it was going to get at that time, right. >> absolutely. >> soon china town would be in need of a ren na -- renaissa . >>> new award-winning restaurant is in the heart of china town. much needed renaissance of -- >> they both were it was time for a change. but having a conversation of how it should change or what should change about it to bring it into the next it's next life. for me this is about getting the conversation started about, about what products we believe in

what he has heard to say about the one china , accusing china building fortresses in the south chinat china should not be doing that, so he is constantly pushing. but remember, he is the president-elect, not the president. china is continuing to be muted and its response to this controlling from trump. -- controlling from trump. the real question is what will be policy after he takes presidency. we're just getting a breaking news story from malaysia, the malaysian ringgit has the climbed to the lowest level since the 1998 asian financial crisis, dollar strength playing out here. dollar worth of the highest since the 1998 financial crisis, the ringgit the lowest since then as well, quite something. right, let's move on and have a check of the business flash headlines. airbus has suffered a blow to program, iran380 dropping the plane from its fleet upgrade. tehran reduced its order in a revised contract the superjumbo. airbus has already cut production as demand dwindles. the only carrier to give the aircraft a major role in its fleet. ukraine is to nationalize its biggest lender follo

china says taiwan is not its own country. china says taiwan is part of china. we decided in the 1970s, to recognize one china, just one chinese government with its capital in beijing, that was a change for us. we changed course after decades through great diplomatic pain and achievement, we made the decision to acknowledge that the chinese government is the one and only chinese government. we do not maintain separate diplomatic relations with taiwan any more. not since the 1970s. but today donald trump called and spoke with the president of taiwan. and then released this statement, announcing the call as one of his calls with world leaders today. if you don't follow this stuff, a call to taiwan, a call between the president-elect of the united states and the president of taiwan, it may not seem like the biggest deal in the world. hey, it's just one phone call, why is this a big deal. this is something we don't do as a country. this is something we haven't done on push, very carefully for decades. this is the first time a president-elect of the united states has

china is firing back. an editorial in the people's daily -- that's the official newspaper of the chinese communist party -- and it comes with this warning to trump, writing international relations 101. china is an independent sovereign state with its own national interests. as a sovereign state, china sets its own policy and can retaliate if necessary. so what is donald trump doing? right now we're get something very mixed signals from trump and from his inner circle. just yesterday, trump's top aides crisscrossed the airwaves to insist that his call with taiwan's president was not a provocation with china. >> chuck, this was a courtesy call. >> nothing new should be read into it? >> well, i don't think so. >> does this signal a change in policy or was it just a phone call? >> it was just a phone call at this point. >> the folks inside trump's transition are leaking the opposite view. "the washington post" is reporting that trump's call was an intentionally provocative move, and it was planned weeks ahead

in china.nd even though trade is controversial, i think there is a consensus that investment is basically good. it is job creating, that, if president-elect trump is , he would say yes. investment creates jobs. think it is a reasonable theory to come up with that president-elect trump will president obama could not conclude, the bilateral investment treaty? that it will look to a business person as a little hesitant through and job creating? and that it would be a way to kind of lay a constructive foundation at the beginning of an administration? because they were this close to getting it done that they couldn't get it done. is that something that you think may be in the cards? sec. albright: not if that tweet t he you read is what i thinks. they would have to be a number of adjustments on tariffs and a number of different ways of looking at it. and the question is, whether in a negotiation on a bilateral treaty -- bilateral investment treaty -- for: so china would open sectors to u.s. investme

and china, but how about china and the u.s., what is the difference? they have much stricter rules on prescription of opioids for non-cancer cases, cases like [indiscernible] allow use in certain cases, but there are restrictions, which is why you see much greater control in china than the u.s. as i said, yes. there are risks in china as well, something to keep an eye on. ramy: what are the risks that china really does need to look out for? anjali: as i said, the sprawling health care system. in china, there is a lot of local doctors who are starting to learn about plate -- pain management and opioids. it is important to make sure : the education and understand where opioids are best used, the risk, addiction, and that the drugs are prescribed to people who really need them, and they don't reach people who would not benefit or get addiction. ramy: all right, thank you. bp has cemented its long relationship with abu dhabi with a $2.2 billion deal for sikh in one of the largest oil concessions. give 10% share of adco, abu dhabi gets 2% share in return. >

china. grew up in china, educated in harvard, stanford, a u.s. citizen. jing, let me start with the election of donald trump. what impact do you think his election is going to have on u.s./chinese relations, the most important relationship in the world today? he's said some pretty menacing things. he's said a lot of things. how worried are you about a sharp decline in the quality of the u.s./chinese relationship? >> well, good morning, roger, thank you very much for your kind introduction. and good morning, everyone. in terms of u.s./china relations, clearly there will be a lot of uncertainties. mr. trump on the campaign trail said that he would grant chibra china a currency manipulator on day one and impose a tariff on chinese exports. let's look at the economic factors. to brand a country a currency manipulator, there needs to be three conditions. number one, this country needs to run a large current account surplus in excess of 3% of gdp. number two, this country needs to have a very larg

that may have already gone to china or may soon go to china. >> so that's why there's a much greaterr in failing to catch chi mak. >> in 2004, the chinese didn't have a strong navy capability. they were really a brown water navy. a navy stable to operate in shallow water. chi mak chose the chinese efforts to be able to expand their capabilities into blue water. >> if these technologies are lost, then it means we don't have that edge. so, god forbid, if there's ever a conflict in the pacific that involves china with us on the other side, then i believe lost technology will cost u.s. lives. and that's one of the things that makes me angry. >> in the fbi we have to follow principles, policies and laws. and one of those is we have to have the evidence. our greatest fear initially was, will we catch chi mak doing what we thought he was already doing? >> the thing that hit me hardest about this case was that we've got a man who came here for better opportunity and, in fact, was a spy. sent by china to come here, pledge allegiance to the united states. he took an oath with a full intention

has leverage with china right now, you know, china desperately needs the u.s. economy to keep its growth rates up and its middle class growing and trump is going to use that leverage. >> and mike, josh earnest didn't spell out, i don't think he could spell out the progress that supposedly we've made with china but trump spelled out in another tweet some of the problems we have had with china, he says did china ask us if it was okay to devalue their currency making it hard for our companies to compete, heavily tax our products going into their country, the u.s. doesn't tax them or to build a massive military complex in the middle of the south china sea? i don't think so. >> well, i think what china probably was most upset about was donald trump's indiscretion, but as china and the rest of the world are learning is that the president elect speaks his mind. how refreshing is that, david? someone that tells the truth. and the people that are concerned about his behavior, they are the same people who said that when he ran he would never get the republican nomination

china was diplomatic, but what did china say?rter: alison, they did not illicit response to the tweets. the minister for foreign affairs stopped by saying reaffirming the bilateral relationship with the u.s. and china, and under scoring what he was calling the mutual trade benefits the two countries enjoy as a result of the relationship. he went on to say that china is not in the habit of speculating the actions of president-elect trump or his transition team. he went on to say that china doesn't comment on the personalities or styles of foreign politicians. instead, he said china comments on policy. that begs the question, what is the policy and will the chinese and u.s. policy change? there was a phone call with the taiwan president that broke protocol which was met with concern in beijing. the tweets adding to the concern. we know that trump took a hard line against beijing on the campaign trail. the question here in china is whether this is just tough talk that appeals to president-elect trump's base or if it is a signal of r

he strengthened china? >> well, china is the largest trading nation in the world so tpp had 12 countries, not including china. so it seemed strange the chinese -- the transpacific trade partnership excluded the largest trading nation in the world. >> because it was strategic to offset china. >> well, u.s. and china are partners but competitors. we must remember that. so countries in the region including korea, australia, japan, the philippines which have been under the u.s. security umbrella perhaps have to rethink whether they can count on the same level of reassurance from the united states in terms of. >> that's created anxiety. >> well, they had to rebalance their relationship with china and the u.s. >> there's a global supply chain these days. couldn't china in the event of the trade war we've been talking about couldn't in effect stop production of the iphone tomorrow? >> it could, it would hurt apple first and foremost. you can imagine what that would do to inflation in the united states. what that w

china relations into sharp focus. it was the first time since 1979 that american and taiwant ease leaders have spoken in a broke from practice. it was a routine congrat la tore call but on sunday night he rit sized china economic and military policies in a series of tweets. dm china a front page editorial in the daily warned the united states risked a confrontation with beijing. the obama administration said the national security council officials spoke with their chinese counterparts to reassure them of u.s. commitment to the one china policy. joining me now is ian bremmer, the of the eur asia group, a global political risk consulting firm and ripped haass, the president of the council on foreign relations. his fourth coming book is called guess what. am pleased to have both of them here. so i begin with you, richard. how serious is this? how did it happen? and what is going to -- how will it play itself out, is where i want to go in this? >> it's pretty serious in the sense that the call as you said broke, i would s

government of china." china views taiwan as a threat and could destabilize an already fraught relationship. trump had a choice, downplay the call or declare he's taking u.s./china relations in a different direction and he seemed to indicate the former. "the president of taiwan called me today to wish me congratulations on winning the presidency. thank you." >> so this was an intentional sort of challenge to the foreign policy establishment, to the u.s./chinese diplomatic establishment? >> no, chuck. this was a courtesy call. they called to congratulate the president-elect. >> so courtesy call, not a change in policy? >> exactly. >> the chinese government took a similar approach. its foreign minister saying, "this is only a little trick put up by taiwan. i don't think the u.s. government will change the one china policy." but negative coverage of the call seems to have gotten under trump's skin as it so often seems to and yesterday he followed up with a couple of tweets striking a very different tone. "did

inside china but then it would be more amazing for people in china to discover what they have in theirs existed or where they can find them. all they see is brick walls and cities. everyone, in the back of the head knew that this was something that could be done, could be an industry and people are interested in making film and that is the start of something brilliant. incredible talent. if you're scared of heights close your eyes now. one man who isn't is alan eustace, a senior google executive who in 2014 broke the world record for the highest parachute jump. he took a balloon more than 135,000 feet into the stratosphere and skydived back to earth. the space suit he wore is now on display at the smithsonian's national air and space museum in virginia. jane o'brien kept her feet firmly on the ground and went to take a look. what goes up must come down but simply reaching the earth's stratosphere was the first challenge for alan eustace. it took more than 2 hours to ascend 25 miles and around 15 minutes to parachute back to earth, at times travelling faster than the speed of sound. pre

east china losing the war? —— is china.china is losing the war. that there just tell you, it is tremendously bad in beijing and surrounding area. over 400 million people have been affected. my own personal friends when they go to beijing are experiencing in tamil bleeding for no reason —— internal bleeding. and they have gone back to shanghai. we have spoken to you almost every year for the past three yea rs almost every year for the past three years and you are very supportive of the chinese government and their measures to basically improve the pollution problem. what more needs to be done? they need to shut down coal—fired power plants. they made an announcement to shut down over 20 coal—fired power plants. the equivalent of all of united kingdom and spain's coal capacity combined. they need to have more monitoring and transparency into pollution data. in 2015, at the beginning of the year, they announced a strict environmental law which not only has transparency but gives organisations days to change. what about the pro

faith in china.ophie: what are we looking at? >> we saw emerging-market currencies get hammered in response to the fed more .ositive first rate hike the next step according to a number of analysts and traders are looking at china. can they, and will they, have the willingness to continue to support the yuan instead of letting it depreciate faster? reservesthe drop in either chinese, they have been depending -- defending the currency. $279 billion of their reserves depleted, down only $3 trillion, but down from $4 trillion. rishaad: a quarter of their reserves. stephen: there is concern. now china's desire to see the yuan fall is critical to providing, preventing a bigger flight of capital out of china in anticipation of further renminbi weakness or one-off. it exacerbates by what trump has been saying, labeling china's currency as [indiscernible] he wants a stronger you want, but he is also talking up a stronger dollar. which one is it? rishaad: with the fed, when they act, they reverberate globally.

recognize kt fap the one china principle is the political foundation of china/u.s.elations. now donald trump is on the defensive. in fact, last night after all of this hoopla, he did tweet out this. he said, interesting how the u.s. sells taiwan billions of dollars of military quilt but i should not accept a congratulatory call. kellyanne conway saying this. >> i can't comment beyond what was said. i won't do that. this is the president-elect and he'll be president of the united states imminently now. he's well aware of what u.s. policy has been. >> reporter: so donald trump's transition team backing this call, defending this call. but many lawmakers, former ambassadors, a lot of people saying this bucks tradition. this bucks protocol. and this could pose a dangerous threat to the u.s. martin and christi. >> thank you very much. >>> we get more on china's reaction, steven yang joining us live from beijing. give us some context, steven, because we did hear from china overnight. and part of what came specifically from their foreign ministry spokesman there. really stu

china relations.ce that time china has accumulated a lot of foreign exchange and money and trade surplus and has used that to its benefit including military modernization. the leader when it normalization occurred in 1979 and lived until 1997 explicitly wanted to develop china economically for several decades before really moving to expand the military on a more modern and that's pretty much what has happened. you have to decide what you think about that. that's part of the narrative. of course we have had a lot of benefits. after you weigh the benefits of this normalization against the cost. certainly you would have to put on the column of benefit that if we look on the cold war we had two wars that involved china. korea and then vietnam for a very painful decade. china was involved directly in both of those wars. and since normalization whatever you want to inc. about other trends we haven't had conflict in asia. and that i count to be a big plus for everybody in asia including the united states whi

-china policy. of course, chinese officials ra react the throughout the weekend first with the call to the white house asking for clarification and a slew of statements that have come out from the chinese over the weekend continuing to urge the united states to stand by take one china policy. carol? >> jessica schneider live outside of trump tower. later this hour, alexandra field will join us from beijing to discuss china's reaction to all of this. let's talk about that and much much more. with me, cnn political analyst rebecca berg, national political reporter for real clear politics. karen tumulty from "the washington post," andrey brower, former lieutenant governor of south carolina and cnn commentator bakari sellers. welcome to all of you. what do you want to talk about first? we got a lot on the plate this morning. let's start with jill stein. she's expected to speak at any moment about this recount and is holding this rally in front of trump tower. what is she expecting to gain from that? >>

-china relations may look like.ld be driving banks to invest in the $100 million investment fund. this is bloomberg. ♪ >> a quick check of the business flash headlines. the accounting firm in charge of due diligence over the bank [indiscernible] id value is estimated at $1.5 billion. shares touched a record low on monday. .ow down 11.25% in seoul rishaad: jeff bezos has been a vocal critic of donald trump. he is attending wednesday's gathering of tech leaders called by the president-elect. elon musk and sherry sandberg and larry page will be there. may hope to find some common ground. >> there is a couple of things that are pretty important potential changes that we could see in the corporate finance arena for us. the first is a shift on repatriation of foreign earnings and that is government permanent solution, not a tax holiday. we would be hit -- very happy with it. that would give us more about,lity and we talk it gives us flexibility across m&a and dividends, across buybacks. and then there is also tax reform.

trade flows with china -- so many asian countries depending on trade with china.ia's credit quality concerns? scenario -- the donald trump administration imposes tariffs up to 45% on china's imports into the u.s. and that will have a -- that will have an effect on other countries. countries including malaysia, indonesia, and parts of singapore and hong kong and even australia. definitely, if that comes up, that will slow down export growth in gdp growth. of course, the devil is in the details of when this is going to be imposed. but any increase in trade restrictions will be negative. betty: what you mean by the recent global selloff of bonds -- that they have not been fully transmitted to local credit spreads. what could that mean? when we tendally, to look at credit spreads, we the markets including the u.s. and the u.s. dollar. what we have seen in terms of spreads going up, we have seen upcross-border bonds going 25-40 basis points. the impact has been much more muted. because of two things. the banks are still the largest provider of capital to borrowers. and

and china, the u.s.on that thing he's not a policy expert, but one thing he knows, the forward march of technology cannot be stopped by a single election. we talked about what this means for the global economy, as specially the -- especially the global tech economy. listen to what he had to say. we have $12 billion of value created, 25% in china, and then the rest in the rest of the world -- my prediction is in the next 10, 20 years, this trend will continue and many more trillions of dollars will excitingd in this space. so, i'm not good at short term predictions, what's going to happen next year, but i would bet the next 10, 20 years we will see a lot of value coming out of places like silicon valley, beijing, tel aviv, london, bangalore. milner, a guy with very lofty ambitions. he is spinning about 40 5% of his time and funds in the night of states. of his time and funds in the united states. he spins very little time in russia. he recently contributed a hundred million dollars to find extraterrestria

and china over the u.s.tingown, perhaps traders some reason to pull back amid the dollar's strongest quarterly rally since 2008. net long positions on the bloomberg dollar index increasing. if we look at dollar-yen, those are at their highest this year after a surge in the spot rate. a little bit of pullback in the dollar today, money moving into that fate haven that is the yen. fct data, a planned production boost from libya stalls and investors are the most optimistic on oil since the slump began 2.5 years ago. that is looking at net long. longs,unds adding to wti goldin nadal drums. prices have fallen for six straight weeks. hedge funds have cut their bets on a rally to be lowest since february. manus: thank you very much. great round up on what you can focus on in the market. let us focus on bp. they have focused their relationship with abu dhabi by swapping $2.2 billion of their own stock for state in one of the emirates largest on-shore oil conglomerates. anna: signs of growth next year following more

and china.he one china policy through which washington, d.c., and beijing have had the official diplomatic relationship and by cl tcan which the u.s. has maintained a relationship. >> thank you very much for the reaction from beijing. >>> all right. donald trump's tweets made some bold allegations. andrew stevens has been examining them for accuracy. so, andrew, let's fact check what donald trump had to say about chin start with his suggestion that it was ma nipulating its currency. true or false? >> well, the manipulation donald trump is referring to is the devaluation of the chinese yuan. there's no doubt the yuan has been losing value since the election of donald trump. but this is really a story about the strength of the u.s. dollar rather than china actively meddling in the currency markets to bring the value of their currency down which makes their exports cheaper. if you take a look at what's been happening in the currency markets, the yuan has been much more resilient to falling against

we have seen close coming out of china greater than going into china.uggestion being that chinese investors are looking to buy stocks in hong kong, moving money from renminbi into dollar assets to capture capital gain and dividend yield, but also to capture the currency play as the renminbi weakens, the hong kong dollar assets appreciating. ,f investors in china continue you can see more outflows. haidi: that will be another key gauge of outflows. that'sucer tells me stars aligning and ducks in a row, so there you go. rishaad: a problem stacking up for the bank of china, the pboc under pressure from the falling yuan and wave of capital outflows. china correspondent tom mackenzie is in beijing. what is at this time? tom: another burden weighing on the shoulders of the pboc as they look to january, when there will be a reset of this conversion quoted that the chinese people are allowed to use, up to $50,000 every single year. is tradingthe yuan near that eight year low, there is concern there will be a rush for the exits. if you consider that 1% of the po

we trump: i do not see why need to be bound by the one-china policy unless we make a deal with china. they are taxing us heavy at the borders when we do not text them. -- we are mess of building massive fortress in the middle of the south china sea. >> trump already angered china when he took a congratulatory call from taiwan's president. he is the first u.s. leader to officially talk to at taiwanese leader in four decades. genie: the champions league is coming up in february. we have found out who will be playing whom in the final 16. the big games to watch our monaco versus massachusetts city. and for the other fans out there, pfg versus arsenal on a. it is december. christmas is coming to while santa claus may be almost sameness -- most famous for flying through the skies with addedindeer, he has diving to his skill set. underwater santa is a biologist at the guadalajara zoo in mexico. he wanted to give them and their visitors a different take on yuletide fun. he will do that throughout the rest of december. time now for a business news. we want to show you who has been in the fish

is part of china.st taiwan according to president duerte, trump said that duerte is going about his fight against the drug lords, quote, the right way. that's a very violent fight. the same president duerte who also, by the way, insulted president obama. washington's been critical of the philippine government's execution of drug dealers without the benefit of judicial proceedings. so let's bring in the cnn politics senior reporter and gordon change, daily beast columnist. trump's call from a leader of taiwan, really a breech of protocol here or was it just a mistake or is he subtly trying to send a message to china? what's your favorite on this? >> that's the answer to that question we don't really know, martin. it's certainly a clear breech of the protocol and practice of the way u.s. relations with taiwan and china over the taiwan issue have been conducted for 40 years. i think it's too early to say yet whether donald trump is previewing a new emphasis and approach in the u.s. policy towards taiwan.

china relations? >> as part of the shanghai communique, so of the clear advantages and obligations obligations, i will not separate my views from the shanghai communique from established procedure. also, at this moment, uh call reaction of the of leadership of the determination to see if a dialogue can be developed. but it is no question that the policy of opening to china is based on the premise. >> does this excepting a call when he is not yet president, i wanted to argue with prohibition it is about official contact and since he is president-elect and not yet president that is not official contact? no? >> that is a good way to describe it. [laughter] >> cents i look to avoid confrontation, a but i do recall pdf running into a deputy assistant secretary of state because i worked with the state department with the prohibition days said you are not supposed to be here he said i have been named but i've not taken officer lance nonofficial. so there is precedent for that but after that turmoil the presi

china, flying nuclear capable bombers over the south china sea for the first time in an apparent warning to president-elect trump. this after trump questioned whether the united states should keep its long-standing policy that taiwan is part of one china. we'll get reaction to all of this from a democrat on the house intelligence committee andre carson. and our correspondents, analysts and guests are standing by. first, cnn's ryan noblestower i. what's the latest? >> reporter: it's been a busy day for donald trump here on 5th avenue as a parade of potential administration officials have made their way into trump tower. as the trump transition continues to take shape, the president-elect remains at the center of a fierce debate over the alleged role of russia in an attempt to interfere in the presidential election. tonight, donald trump refusing to accept cia reports that conclude russia attempted to intervene in the presidential election, tweeting can you imagine if we tried to play the russia/cia card? it would be called conspiracy theory. this just hours after telling fox flues t fox n

>> well, with china -- china's claims are basically the entire china sea, they are their waters becausends and the island ownerships are in dispute and need to be determined by rule of law by the people have countries that have conflicting claims. china has acted unilaterally and has caused a very dangerous situation. we strongly disagree of how china has pursued this issue. it's not only the waters are claiming, the air is exclusive to them. we do not recognize that. the international community does not recognize that. now, we don't know exactly where this vehicle was -- neil: right. >> if it were in international waters this is an extremely dangerous act by china. neil: it follows other provocative actions, just yesterday off the coast of taiwan following on actions they took last week when the leader headphoned to congratulate trump and they responded by a show of force off the coast of taiwan, tripling up and quadrupling up with russian military aircraft they had purchased. where is this going? what does your gut tell you? >> well, clearly what we are trying to do is get the countri

and it risks infuriating china with one china policy which claims that taiwan is part of china.. interesting how the u.s. sells taiwan billions of dollars on military equipment but i should not accept a congratulatory call. china released this statement, we urge the revolution side of the u.s. to adhere to the one china policy abide by the pledges in the three joint china-u.s. communiques and handle issues related to taiwan carefully and properly. >>> democrats are asking president obama to declassify intelligence after new information specifically to help donald trump win. cnn's jim sciutto has details now. >> christi, we are learning there's new information that russia's election-related hacking is believed to have been intended to help spear the election to donald trump. democrats now want president obama to make this information public. >> reporter: democratic senators are pressing the obama administration to more forthrightly state that russia's meddling in the u.s. election was intended to help donald trump. multiple sources tell cnn. the democratic pressure comes after mu

however in china it is based on the recognition. recognition of the beijing, as china as china. a one china policy. you recognize china as the seat at the u.n. security council. you recognize china beijing as the seat of government of china and taiwan something different. to have the us head of state call the taiwanese head of state, there is a reason that hasn't happened for 40 years. because those communications between the heads of state should be between the head of the chinese state and the u.s. state. this is not just a disruption of protocol. it is something that has enormous diplomatic and political meaning, certainly to china. i'll tell you tonight it is a 100% certain there are heads spinning in beijing. >> it is in essence truly incredible that this is happening tonight. jim, thank you. i want to go to ivan watson now. our senior correspondent based in hong kong, actually here in new york tonight. and we're awaiting the chinese response. obviously early in the morning in beijing. >> 8:00 in the morning on a saturday there. so it is a bit early. and it will be very int

he also accused china of building up military bases in the south china sea and said china had not donenorth korea, so he has been vocal on this. china has been listening to my but on the other side he wants to appoint to china as an ambassador, the iowa governor terry branston, seen something as a china friend. he has known president xi jinping for quite some time. so what they are trying to work out is whether this is a thought through strategy that trump will take to the negotiating table to win over concessions, or whether it is grandstanding from trump to play to his face. rishaad: tom mackenzie joining us there from beijing. ousted head tata's taking another swing at cyrus mistry at an emergency general meeting. we will be live in mumbai. sophie: plus, the proof is in the pudding. our next guest says we will have to wait and see on whether oil producers stick to their word on output cuts. this is bloomberg. ♪ rishaad: a quick check of the latest business flash headlines. hyundai merchant marine up after announcing it will join the world's biggest shipping alliance on a limited bas

the one-china policy which has china in a very, very concerning level.so you are seeing, you know, donald trump being provocative when it comes to china. and, as you kind of pointed out, sometimes less so when it comes to russia. >> mark, thank you very much. we'll be right back. technology is the only thing that really entertains us. i'm gonna use this picture on sketchbook, and i'm going to draw mustaches on you all. using the pen instead of fingers, it just feels more comfortable for me. be like, boop! it's gone. i like that only i can get into it and that it recognizes my fingerprint. our old tablet couldn't do that. it kind of makes you feel like you're your own person, which is a rare opportunity in my family. (laughter) ♪ ♪ see ya next year. this season, start a new tradition. experience the power of infiniti now, with leases starting at $319 a month. infiniti. empower the drive. i thodid the ancestrydna toian. find out i'm only 16% italian. so i went onto ancestry, soon learned that one of our ancestors was eastern european. this is my ancestor w

china is extremely sensitive about the one china policy.d: trying to brand country as a currency amid later, moving beyond that, if we look beyond the rhetoric, what about any real impact? >> i'm not sure about real impact. trump is walking a very dangerous line. at some point in time, you want a certainut beyond point, you don't want to take a certain chance. on the other hand, if you look at the evidence over the past hass, the taiwan dollar risen against the greenback, but the chinese currency has dropped almost 6%. that is a huge almost devaluation, depreciation in any. of time. -- in any period of time. i'm sure he has his reasons. the real impact is he good push things beyond a certain point where it could affect the entire asian economy. a good have a knock on effect and currency stocks and all of that. sophie: leading into perspective here, china is a behemoth. taiwan, but we are seeing with the u.s. relationship in this region, what else can we anticipate here? take a look at the economics of taiwan. >> they have been planning. on

/china relations. the sound and steady growth of the bilateral relationship as well as bilateral cooperation in major fields would be out of question. also, chris, there are concerns that the president-elect is not receiving as many intelligent briefing as past president elects to which donald trump says he doesn't necessarily need to receive them on a daily basis because he is a "smart guy." chris? >> all right, jason, thank you very much. we have russia and china in the crosshairs. with russian interference the question is motive and what's fueling a little bit about these questions about motive is the gap between the cia and fbi and their findings because right now they don't line-up completely. let's bring in barbara starr to break down conflicting information. is that the right way to characterize it? >> you know, chris, good morning. these are assessments by the cia and the fbi and if they don't have exactly the same assessment, you would think that is something the president would want to know a

it to china in unprecedented act." trump followed up with another tweet. "we should tell china that we don't want the drone that they took." expected to be back in the hands of the americans on monday. "xi jinping prepare for rocky relations with the u.s. that trump's real thinking is very difficult toll fathom." and accused of adding fuel to the fire and concluding he seemed emotionally upset but no one knows what he wanted to say. trump is not behaving as a president. former governor of the state of washington, gary locke, joins me now. there are a lot of people who feel that the u.s. has been getting played and rolled by china, that china has done all kinds of things in terms of its economic relations, that it has stolen intellectual property and finally someone is going to get tough and crack down on the chinese. what is your response to that? >> first of all, lots of cases have been filed against china and the wto and we have won those and forced china to change their trade policies. we've also imposed a lot of du

what was china's reaction? >> reporter: alison, officials are used to hearing tough talk on the subject of china from candidate trump on the campaign trail. they may not expect to hear from president-elect, but that is what they got. the tough line against beijing. he tweeted it out, but it is met with tempered response. a spokesperson from the ministry was asked about the response from china. the response to reaffirm the importance of upholding the bilateral relationship to focus on the economic and trade ties with the two countries. the spokesperson went on to say china would not speculate what is motivated the actions of president-elect and his team. china doesn't comment on the character or style or personality of foreign politicia politicians. they respond to policy. that is the big question. what will the trump policy be toward china? if this doesn't suggest the policies will change under the trump administration, that is yet to be seen. state news has weighed in. one op-ed was penned and that up ended th

a military confrontation with china in the south china sea? it lead to a trade war with china and i'll throw out a third thing, north korea. north korea's getting very close to have a nuclear weapon it could place on a missile. china is our leverage to stop north korea from doing that. >> but, but isn't it possible, china's also building military installations in the south china sea, right? it's becoming more and more aggressive militarily. the united states is worried about that. cheap steel on states like ohio cheap chinese steel and that makes the manufacturing jobs go away in the rust belt of america. so, when you consider those things, which are more important to people's lives, frankly, in the short-term, right? then, then, again, donald trump's supporters would say, go for it, donald. >> right. well there's a lot of agreement that there are problems with china. but i think that two issues. one is how is he conducting this kind of diplomacy. twitter is not subtle nor are the statements he makes. that can have dangerous consequences. and