in china the ballpark statistic. it is definitely part of this process of chinese search for meaning with the collapse of the thoughts. buddhism is large. the other question down front? >> yes, sir. >> wait for the mic if you could. >> this may be a follow-up to the question just asked but i am wondering if there is increasing pressure from chinese business men to perhaps enter into joint venturing, if you will, with the american business to help their economy and likewise is there more entrance in our country in american businesses. >> the trading relationship between our countries has been started to become robust in the 1980s. it really took off in the 1990s. it exploded after 2001. that said, the business community in america is split on how it views china. in the past, it used to be after the collapse of the soviet union and tinman square it was the main thing that kept the relationship on an even keel. now, back to the question if you are a high technology manufacturer and you want to do business in china. the

as regards china, the u.s. pursued a two-pronged strategy, seeking to engage china across all domains, economic in particular, but diplomatic and others, and at the same time, working at our allies and partners in maintaining our own forces in the region to preserve a balance of power that was favorable to our interests and the security of our allies. the goals of that policy were to deter thetability, to possibility of aggression, while waiting for engagement to work its magic. the u.s. hoped in effect to ,btain and to transform china to encourage its leaders to see their interests as lying in the preservation of that order, and to set in motion processes that would lead eventually to the economic and political liberalization of that country. as in europe, so also in asia. our ultimate aim was to build a region whole and free and open -- an open, liberal region. it has become important -- a -- apparent that this has not worked. china is far stronger, far richer, but it is more oppressive domestically than at a

-china relations.e expected to drop -- expected to address such issues like global trade, one china policy, and climate change. joining me is kevin rudd. he was the prime minister of australia from 2007 to 2010 and again in 2013. he now serves as the president president of the asia society

going to china, enabling us to do better in china. china has a consumption upgrade.l's becoming more globalized interviews, and taste , and in the way they consume. way for alibaba to take advantage of it. caroline: what sort of goods are we talking about? i am thinking a crackdown on luxury items will hit the french juggernauts. what will be sold in the u.s. to china? what we seeing with platforms is that you see apparel, fashion goods, mass-market price points. you see beauty products, health ,are products, gadgets electronics, a variety of things are doing well in china that were originally designed in the u.s.. they may have been manufactured in china, but were designed in branded in the u.s.. caroline: let's talk about another of your key investments, xiaomi. the way and having very powerful smartphones at a cheap price point. it seems that the competition is hot at home. when you see the company going? hans: four xiaomi, two fronts. they are the number two and number three in india now. initially to buy a phone in india, you had to go online to buy xiaomi. it t

the eu is already china's main trading partner, and china is the eu's second-biggest after the u.s.de comes to more than $1 million a day. the mantle ofn facilitating global trade. currently, finland's board members say they may not share the same values, that we share the goal of free trade. xi jinping has said that a prosperous and stable europe is conducive to the global economy. he has made statements like this, especially since the u.k. voted to leave the european union. haidi: this is not a bilateral relationship we have necessarily spend a lot of time looking at in the past. tell me about this relationship between finland and china. xi jinping's visit is a chance for china to resurface a relationship between china and the nordic reason. this is the first visit in my than 20 years, the last time was 1995. he will meet with finland's president. on this bloomberg chart, we can see the white line that shows finland's exports to china. it just crossed over with the blue line, which is china's exports to finland. posted a, finland trade surplus with china last 2002.the first since

china continues a strategy to control the south china sea. i testified last year that china was militarizing this critical international waterway by building bases on seven chinese man-made islands in the disputed groups. despite subsequent chinese assurances at the highest levels that they would not militarize these bases, today they have these facilities that support long-range weapons and placement of radio towers, barracks for their troops. china's militarization of the south china sea is real. i am also not taking my eyes off of russia. they flew bomber missions near alaska. it was the first since 2014. russia continues to modernize exercises itsnd considerable conventional and nuclear forces in the pacific. so despite the region's four significant challenges, it is my last word to you that we strengthen alliances and partnerships, working with like-minded partners on shared security threats like north korea and isis is a key component of our regional strategy. the five bilateral treaty alliances, australia, japan the , republic of korea

situation --y need some time for china a tough situation. they need some time for china. has a weak position in terms of the nato, how much they should be contributing. south korea, another huge trade surplus against the u.s. i would imagine that germany would be in the spotlight. shery: thank you so much for joining us, head chief asian economist. and our currency editor, thank you so much. the u.s. backs away from enabling china. >> it is 7:30 here in hong kong, happy thursday. it is easter weekend. we are 30 minutes away from asia's first major market open. friday, 7:30our p.m. wednesday here in new york where markets closed down, the s&p 500 down about 1/3 of a percentage. i am ramy inocencio in new york. shery: i am shery ahn in hong kong, you're watching "daybreak asia." let's get first word news with courtney collins. >> president trump says he will not brand china currency manipulator. he is changing a core campaign promise and blames a strong u.s. dollar for changing competitiveness. u.s. 10 year bond yields and the dollar fell after the report saying the currenc

the south china sea. meanwhile, with a rebalanced policy, too heavy on rhetoric and too light on action, years of senseless defense cuts and now the disastrous decision to withdraw from the trans-pacific partnership, u.s. policy has failed to adapt to the scale and velocity of china's valchalleng. that failure as called into question the credibility of america's security commitments in the region. this committee has grown increasingly concerned about the erosion of america's conventional military overmatch as states like china and north korea develop advanced capabilities to counter our ability to project military power. while america's military remains the most powerful on earth, we must adapt to the new realities we face. we must think differently about forward basing and posture, logistics and mother-in-lawization and our joint force for the renewed reality of great power competition. specifically on the issue of munitions, this committee has heard testimony each year about the qualitative and quantita

the president saying china can stop north korea's nuclear program. what's the united states -- >> reporter: sorry having issues with the earpiece, but this tweet and the statement president trump gave with the "financial times" is certainly -- well it's not phasing the chinese, they put out a statement a few hours ago saying during the overnight hours secretary of state tillerson had a chat with china's top diplomat and not mentioning at all any specific conversations about north korea. we know that the united states believes that china holds the key to reigning in north korea. they believe that china has economic leverage over the country they have not utilized but the bush administration also relied without success on china to solve the north korea problem, which is why president trump is saying the united states is prepared to go it alone, which means they might be willing to go at it alone, he said he would be willing to sit down and have a hamburger with kim jong-un as he said during the election campaign. the probably least likely according to

activities in the south china sea. it's time for the u.s. to push back in the way we do sensitive operations in the pacific today. these operations should be regular, unpublicized, undertaken by discretion and should not be constrained by the promise of chinese good behavior on other issues. fifth and finally, we will not be able to tame chinese power without strengthening our friends and partners. there are diverse initiatives that are required for success and i'll flag a few. the united states should first begin to seriously think about working with its partners to replicate china's access and denial capabilities. the united states cannot afford to put off the aid and enhanced training to tehran for much longer as we out to urge military spending and reforming concepts of military operations. as a matter of national policy, we should affirm our strong support for trilateral corporation whether or not the united states is party to these activities. as kelly emphasized, we should not give up on the nations of southeast

haidi: china construction bank, the of china, ag bank among names we are waiting for. next guest is positive when it comes to vibrations after a strong performance this year. he is the head of equity and credit for asia-pacific at ubs wealth management. we have seen this reaction across various asset classes in china, largely due to tighter regulations as they tried to clamp down on over leveraging, products proving to be a headache when it comes to viewators, but how do you bank profitability and china going forward given that they are struggling still with that lens -- bad loans? >> a quick distinction is important to make in terms of systematic risks in the chinese banking sector. there is a defined between the smaller ones, especially the big ones. they had their share of issues, but the source of risk is more modest. in that respect, the activities happening earlier on from the central bank and more recently brc 2-d riskshould be welcome. tothey do too much -- de-risk this space should be welcome. generally speaking, we are increasingly positive on the asian banks

china continues a strategy to control this t south china sea. testified that china was militarized in this international waterway by building bases on seven chinese manmade islands. despite subsequent chinese assurances at the highest levels that they would not militarize that support long-range weapons. dmien's militarization is real. i'm also not taking my eyes off of russia. it is on success it days for the first time since 2014. russia continues to modernize and exercises conventional and nuclear forces in the pacific. despite the reasons for cig inform cant chal lens, since my challenges, since my last wort to you we strengthened alliances and partnerships chls working on shared security threats like north korea and isis is a key component of our regional strategy. our treaty alliances, japan, the republic of korea are joint force efforts. we have also advanced important partnerships they are viewed that has helped underwrite peace. there is more work to do. we must be ready to confront all challenges from a tradition of strength and with c

-china relationship. as we all know, donald trump and some of his key advisers have targeted china for what they characterize as unfair trade practices, which they claim have jobs. millions of u.s. the rhetoric took something of a turn for the more dramatic, particularly after his election tabledsident-elect trump the so-called one china policy alongside trade issues, saying it could be perhaps a bargaining chip as part of a larger trade and economic negotiation. after some weeks, that very tense turn in relations reached thaw,nuous thought -- first with a call between chums to fire and president xi jinping of china, and most recently, there was the first encounter face-to-face between the president at mar-a-lago this past thursday and friday, so we are speaking today right on the heels of that very important first meeting. , it was changed quite dramatically in its complexion by the u.s. action in syria last week. we will talk about the effect that that had, among other things. in short, i really want us

china's not changing its trade laws. i don't see how trump can sign a bilateral investment treaty which calls upon limitations when he doesn't really respect that particularly international arbitration. but i think the progress that was made was what he calls the transaction. he probably let the chinese know and this is the trade-off. they want to keep that as well. two things. one you have to find less from other people. that's painless and i can see the grain contracts in the me contracts moving forward. i think that will happen and so on. you have to do something on the quote export site. i'm not quite sure what that will be that they are stuck about internal growth. by the way there will be a whole raft of unfair treatment cases that will come in for that he will end up with a court deciding whether it's legitimate or not and the congress will probably make some strange ruling. my real question to ask is why can't you accept or do you accept the fact that we can deal with this problem are what i call managed trade so

inside china.ng-edge technology, which we don't teach in college at all. so the human resource problem and the manpower problem is more and more -- getting more and more serious here in china. >> because everyone's going to the silicon valley? >> they offer better. obviously. oh, here are the -- >> these are the famous ribs? >> yes. >> maybe the number one thing that the seriously food-crazed traveler coming back from shanghai will tell you to eat other than the soup dumplings, of course? zeran paigu. or simply, cumin ribs. ♪ it takes two cooks working at once to make this dish. one deep fries the ribs in hot oil until just right. another toasts the ginger, cumin and other spices in a wok. and then in go the ribs. and if you are a devotee of what's called wok-hei, you sit as close to the kitchen as possible to capture that elusive fast-dissipating breath flavor of the wok itself. toss them around, coating those bones with all that good stuff, then serve. and because we like it to burn, thomas order

china urging coma on both sides. lira jumping as president erdogan claims sweeping new powers, the biggest changes in turkey. dump in ans data hour, looking at first quarter growth, 6.8%. let's bring up this chart, #6839 showing the potential for further gdp growth looking ahead, the blue line indicating that target the government put andlace, anticipating 6.5% 2019, a six .8% handle, but the data dump continues and we have industrial output, retail sales, and fixed asset investment, all of that out in 60 minutes. not exactly the most surprising of indicators. we were expecting that 6.8% for a second quarter, but the question is whether it is sustainable, and also at what cost good we had credit numbers showing momentum in terms of money supply, shadow banking still running hot and china, so we dig deeper into that within the next two hours. we are 30 minutes away from the open in china, that singapore, taiwan, malaysia coming online and sophie taking a look at how markets are faring. a thin session with a number of

we didn't hold back on criticizing china when we weught china was wrong, but also think knowledge when they moved in a positive direction. we knew when we needed their assistance, it had to be from the perspective of how we can advance something in our two national interests. you have to be able to sort the two separately. something that has come up less since the president took office, the issue of currency manipulation. here you have china with a trade deficit. is that enough to declare china a currency manipulator, how cautious should the treasury proceed? jacob: if you look at the criteria that are considered, now part of the technical process, the key issue is are they taking actions to drive down the value of their currency to gain unfair advantage? the way you measure that is are they intervening in order to devalue their currency? year, china has been intervening to support the r&b. that makes it challenging to look at the current situation and reach a conclusion that there is currency manipulation. clearly, there is a transition underway from a very managed exchange rate to a

china coming to this feeling fairly confident after china back to the one china policy. anything at them, wanting to be as prepared as possible. yvonne: let's bring in a china expert, chairman of the east asian institute live from singapore. it is interesting professor, we talk about the delegation that trump will be bringing at mar-a-lago like wrecks wilkerson -- rex tillerson and wilbur ross. who is it shaping foreign policy for trump? who is behind this right now? >> at this stage, no one is trying to shape anything. it is more a question of getting to know each other, the script has not been written out yet. but how to shape the script is what they are up to. the chinese are very experienced. xi jinping has been around for a ande, he knows the score, he knows what china wants. but he is not at all clear what president trump has in mind. i think he is quite right to say that he is prepared for anything, but not prepared to show too much of his hand. he wants to take it step by step because there is no rush. i do not think he is in any particular hurry to get things so

the us has a big deficit with china. we'd like to see china open

of rules in china?n 2% of the total market is pickup trucks. the with that, it is fourth-largest in the world become and what we have seen is the government is thinking about potentially changing some of the restrictions, which we think would grow the customer appeal for pickup trucks. a couple of provinces have done that already. andresearch we have done the initial orders we have on the new f-150, we think it is a huge opportunity to continue to build the ford brand in china. david: that was tom mackenzie's interview with ford ceo mark fields. let's look at the barriers to trade. is a former vice president for chrysler northeast danger -- northeast asia, bill russo. thank you for coming on the program. i want to get started with pickups in china. china 7-8 years. not once did i see a pickup truck. i wonder what your general thoughts are on that idea of introducing pickup trucks in china. >> everybody as looking for the next big thing, and you want to get there first, so what ford is doing is a smart t

china is america? export destination china is america's number one export destination for processing things like food that we engage in. the chinese want to be used, commoditiess and and they know american grown beef, corn, cherries, apples means quality and purity. there's a lot more that we can export and provide jobs for the american people. vonnie: we hope so. do you think the president will have -- will be able to be influenced by the chinese president. president trump does have a made in china policy. he's not a nationalistic, economically either. >> all countries have requirements of made in your own country. we have a lot of requirements for made in the united states, and china is doing the same thing. i'm sure germany and india are doing the same thing. we need to focus on opening up markets for each other. with the rising middle class of china, there is a great demand for american-made goods and services. certainly with the pollution problems that they have, china has enormous needs for ameri

in china.th a total investment amount of more than 800 billion yuan. but as i said, because of the astory and they were still lot of red tapes. a lot of the investors, when they are working in this market, problemsd a lot of like low efficiency and red tape lack of transparency. so that, we will continue to work on those problems. and secondly, we do try to introduce a different investment product. to hedgey to help risks. for example, in february of this fell on china to hedge foreign-exchange rates in the onshore derivative market. so that would provide -- to the hedging onshore. in the market. and secondly, they tried to make tax policies related to foreign institutional investors, , simple and china to more clarified. so to increase the tax policy transparency, that is also important. of the indexes, i would like to thank a lot of people here for your help, on recent -- including the china bond market. it is a good phenomenon and it is good for the future and it is good for institutional in

in china.o see what happens in france because, this election in france may be a lot closer than people think. most people think you will have two candidates in the first round. ton it will automatically go him. some polls that have come out in the last few days indicate that the second round may be a lot closer than people think. it think a lot of these are overhanging the market. the u.s. growth not being what people hoped it would be. happens in see what china. as i mentioned on your previous programs, the chinese are doing everything to stimulate the economy to keep it above six and a half percent, because they have the 19th party congress this fall. pick thehen they will thestanding committee of bureau, which is the number one in 14 issue for xi jinping. that.ave interest to keep do you thinke go, that the inflation numbers and what we see with bond yields is notthat the fed behind the curve with their rate cycle? with what i stick told you in the past couple of months. i think there will b

china.as all about whether president 0bama got a staircase or not from his air force one plane. it is all these things that will be symbolic of the relationship, i think, things that will be symbolic of the relationship, ithink, going forward. ina relationship, ithink, going forward. in a strange way you could argue that donald trump has already won by the very visual xi jinping coming to the united states to donald trump's, not just coming to the united states to donald trump's, notjust his nation, but really to his estate. and it is specifically for them, not on the sideline of some other summit. donald trump is setting the agenda. clearly the world is hopeful for a stronger unison between the two nations. and we are getting more footage right now. they are meeting inside that resort in mar—a—lago. body language is looking fairly positive at the moment. but as you say, trade is the big issue. i think in the long—term, after the niceties of the summit, that is when the tough work is going t

china has just china could be the dominant snooker superpower.ous and lucrative tournaments in the world. prestigious and lucrative tournaments in the worldlj prestigious and lucrative tournaments in the world. i think it just shows the significant growth in snooker generally, and globally, particularly here in china, it is... you know, that growth has been consistent and our vents are getting bigger and bigger. 0bviously delighted to see that happening. it is great for our players, they are playing for huge prize pools now. the one tournament china would love to stages the world championship. it is being held in sheffield since 1977, and the city has a deal to keep it there until 2027. but, in the future, could the tournament ever m ove the future, could the tournament ever move abroad? you can never say never. myself, iam ever move abroad? you can never say never. myself, i am passionate ever move abroad? you can never say never. myself, iam passionate about staying in sheffield, because that is what i remember, and the game starts. realistical

china. >> no longer take the excuses from china that they're concerned too, they need to show us, the only country that can stop north korea is china. china has to cooperate. this is now down to do we want to continue to see these ballistic attacks from north korea or does china want to do something about it. >>> let's bring in will ripley. good mortganing. how much influence do they really have over their nuclear program. >> reporter: did you notice the difference in messaging with president trump saying the u.s. will take action against north korea and nikki haley saying only china can stop north korea. when you talk about sanctions china has to enforce them because they are the only meaningful trading partner. preemptive military strike very unlikely although secretary tillerson didn't take it off the table when visiting here in asia but would create such a destabilizing scenario north korea would consider it an act of war, not something that the united states would probably do according

, china here is key. what we've been seeing in the past few days is also a shift in president trump's attitude towards china, which in this situation is probably the only way and the only country and the only government that somehow has leeway on north korea because of north korea's economic dependence on china. and so probably a clear shift in the attitudes towards china, at the same time the strong message of u.s.'s resolve. although at this stage, it looks like the u.s. is trying to find a diplomatic solution, political solution, and not trying to es ska la ka la -- escalate the tensions too far. >> i wanted to ask you this, too, we all know, the leader is unpredictable. but there's the fear, too, that u.s. president donald trump is, as well. this is what worries people, there's the brink man ship and for many watching across the globe, they don't know what's going to happen, next. and they are worried that the u.s. will strike. >> right. and as you said, both leaders are unpredictable in different way

at least for china i know united claims it has the most nonstop flights from the u.s. to china.here is a blowback here. very potential blowback here because the chinese population feels that united was discriminating somehow against this passenger, that can be a severe problem. united also has the most nonstop flights to china from the u.s., among u.s. carriers. big problema real because in terms of going to secondary chinese cities, united really has that market right now, along with chinese carriers. when it comes to chinese competition, they have more service than the others. that was the top trending story on weibo. that is china's social media. people are trying to figure out if this was illegal. could we see a lawsuit coming out of this? i think it is probable you will see a lawsuit. there is a statement this afternoon from two law firms in chicago that say they are representing him in that he released a statement through those firms and wanted to thank people for their support. they also said he is in the hospital. i think that because we have these attorneys on the case

in the next few hours china's president xijinping in the next few hours china's president xi jinping with president trump. he had some very harsh words for china during his election campaign. countries have their opinions on how the talks should go. our correspondence took to the streets of washington and beijing to find out more. i , ivory, cooperation, maybe let us offer little bit of our debt to them. shall we go down here? president trump likes to talk tough on china. throughout the election he promised to bring jobs back to the us and put america first. on the other hand, xi jinping us and put america first. on the other hand, xijinping says us and put america first. on the other hand, xi jinping says that free trade is the answer and that this is what will bring jobs to china and the us. what do you think president trump should be saying to his chinese counterpart? i'm sorry. i apologise. i have been perhaps unfair to you. i'm one of those people who thinks we should make more here. they are not a true democracy. that's the worst thing about china. social repression. who do you

now, china.andshake, the body—language and the words tonight — this is as good as it gets for diplomacy nerds. it's china meets america, xi jinping meets trump, and the world's waiting to see who emerges on top. perhaps they're not as different as they seem. nationalists, businessmen who both recognize the art of the deal. whether they both end up with one is the stuff of the next fascinating 2a hours. trump fans still remember what he said about china on the campaign trail. the question is, does china — and will it bear a grudge? look beyond the sun—kissed setting and you'll find a minefield. this is one of those encounters that matters. the big beasts get to stamp their ground in the same room, to the gaze of the world press. and this is where we really start to see who has the upper hand — xijin ping or the man who airs his diplomatic grievances on a chat show. the president of china's coming, a man named xijin ping. do you know xijin ping? i never heard of him. i don't know who he is. if you

/china relationship.t was a phrase directly borrowed from the bay beijing had hoped to approach it. we will see exactly how that changes when the president lands and the two are set to meet for the very first time. president has said it will be a difficult conversation, of course, given all of the criticisms that each government has been lobbing at each other. we're told by the white house here's what's on the agenda. first and foremost, north korea, defuse ugg the situation with china's neighbor as it gears up its nuclear ambitions and continues to build up this program and fire test missiles of varying degrees. then, trade and tariffs. of course that has been a controversial talking point of the president. finally, the south china sea but we are told by the white house not to expect any resolutions on any of these issues in one day. this is merely establishing the relationship going forward. >>> president trump's first face to face meeting with president xi could be tense, as kayla noted. the president'

with or without help from china. how are these comments going to affect the high stakes meeting with the president littater thi week? we have cnn's will ripley joining us now from beijing. what do you know, will? >> reporter: i know that so far publicly, chinese officials do not seem fazed from the comments in "the financial times" from the president. they put out a politely worded statement saying there is was a conversation between secretary of state rex tillerson and the top diplomat. they talked about the importance of the meeting. these are two powerful world leaders with different approaching who will get together on a golf course of all places, considering that xi jinping has banned public officials from golfing here in china. the u.s. thinks china is the key to reining in north korea. for a long time, china argued the united states needs to engage with the north. they do not have the economic leverage they feel they do. i can tell you from traveling to north korea and talking to officials there. they say they

many other countries manufacturing cheaper than china today, where wage rates are well below china.move up the curve and saying with people come partner with us and build more effective and powerful -- >> peter brookes, as we try and deal with the brave new world where china is increasingly getting ahead, there's been a lot of things thrown out there as potential solutions to helping our domestic economy. one of them, of course, is the tax on any imports coming in. do you think that's a worthwhile policy to pursue? >> well, you have to take a look at that, china will resist that, of course. the president has to have a very matter of fact conversation with president xi about trade. i mean, as we were talking about the challenges of bringing back some manufacturing jobs -- trish: so what if he rejects it. peter, so what? fine, he resists it. i'm asking selfishly for our economy, is it the right thing, the best thing, what do you say peter kiernan? >> i think what we want to do is build a detente. these are two men that understand each other. donald trump wants to build a man, talking

president underscored the need for china to take steps to label -- to level the playing field for china to take steps to level the playing field for american workers for reciprocal market access. the two sides noted the urgency of the threat of north korea's weapons program. they reaffirmed their commitment to denuclearize the korean peninsula and fully implement un security council resolutions. they agreed to increase cooperation and work with international community to convince the dprk to peacefully was all the issue and abandon it -- resolve the issue and abandon illicit weapons programs. the two side came to discussion over maritime security. president trump noted the importance of adherence to international norms in the east and south china seas and previous statements on non-militarization. he also noted the importance of protecting human rights and other values deeply held by americans. the two presidents agreed to elevate existing bilateral talks to reflect the importance of making progress on issues. they established a new, high-level framework for negotiations. the u.s.-china

"china is not a currency manipulator." he didn't say anything about i'm not calling them a currency manipulator because they're helping out with north korea. just china is not a currency manipulator, and that's true. most experts believe that china has not been manipulating its currency for some time now. so there really is no justifiable reason for trying to label china a currency manipulator. but yesterday, the president felt the need to link his acceptance of the truth about china's currency to china's efforts with north korea. now, if you're a trump voter, and you want to believe that, what you have to believe is that the promise donald trump made to you to bring back american jobs from china by forcing china to stop manipulating its currency is being abandoned so that china will help stop the madness in north korea.

we have also got china. china's growth remains pretty robust. however, there is some sense it may decelerate in the second half of the year. there is some hope as well that china will try to offset the property market the celebration with more infrastructure investment, that will help companies like umag sue and hitachi construction -- like kumatzu and hitachi construction. with mixed messages. haidi: the missing pace when it comes to abenomics, is there an indication they might switch this economic growth in export numbers to a more demand-driven performance were the spending will pick up? brian: it's kind of difficult to say. we have seen mixed signals. on the one hand, the labor market, you look at the jobless rate at the lowest in decades, yet wage growth is rising at a slower pace than it was last year. that is not good in terms of household sentiment and spending. imf raising its projection for japan gdp. sign. a good on the other hand, we see analysts setting back their forecast for when the boj mesa to taper, probably not this year -- wh

a view from china.reserve officials basically have given a stronger signal that they may shift away from the post financial crisis investment policy. they also said they see considerable uncertainty about the effects of a possible stimulus from the donald trump administration. but they said they do not know how quickly there will be phasing out of investments. the owner of krispy kreme will buy panera bread. that is as it expands its empire in the us market. panera has about 2000 bakery cafes in the us. fresh offerings appeal to health—conscious consumers. india. the next instalment of our week—long series looking at the property industry. first it was undeclared wealth, now it is property. india's prime minister is on a mission to stamp out illegal financial activities, as well as tax evasion. but while last year's tax bank caused a lot of inconvenience for many indians, a crackdown on real estate may actually help them. like many indianfamilies, estate may actually help them. like many indian families

and china.t heard the trump administration saying anything regarding human rights in china until now. : that had not been included on the list of things the u.s. was likely to talk to the chinese about. obviously, the trade issues and north korea and the geopolitical questions, arms sales to taiwan by the u.s. and chinese ventures into the south china sea. the trump administration would like to achieve some agreements or some coming together on the other issues. oliver: i wonder if the events in syria brought that into focus as we deal with human rights and andss how the entire region our equivalence abroad will be going with that. equivalents abroad will be doing about that. mike: the easiest thing he can do is put up a chart of the chinese yuan. china has been doing its best to prop up the currency. that is the issue here. the chinese are not manipulating the currency to their advantage. they did. they are not doing that anymore. china has some issues they would like to settle with the united

the president of china, will that tough talk lead to progress on trade with china.north korea, how can trump come away with a much needed wineed ed win. >> a very busy day. live at the white house. joe? >> reporter: chris, this really is a defining moment for president trump and this admi administrati administration. as you said he railed against china and his trade policies on the campaign trail. he promised a big win at the negotiation table. now going face to face with the leader of china certainly trades will be an issue. but these leaders have a lot more to talk about. >> these heinous actions by the assad regime cannot be tolerated. >> president trump confronting multiple international kgs nati including today's meeting with the chinese presiden

we believe china can do more. on behalf of the president, i am very grateful that even this week australia has taken steps to engage with china directly and encourage them to take more steps to bring that economic and the dramatic pressure to their. -- pressure to bear. make no mistake that the united states is committed to seeing this forward, in achieving what has eluded the low global --the world community for generations which is a nuclear free korean peninsula. >> justin from bluebird. >> thank you, -- justin from bloomberg. >> that you, mr. prime minister, what steps are you taking to improve trade after the president stepped out of ttp? mr. vice president, i want to follow up on north korea. some recent statements from the administration -- earlier, there was some controversy regarding the timing of an armada that the president has sent to the region which has led to mockery from the north korean and chinese media. they say it essentially underlies -- undermines the u.s. credibility. the president made a re

i want to make one comment about china that we talk about this bilateral with china. but because of supply chains are trade with china isn't just china. its factory asia. some of the trade deficit with china is because just like with factory north america and europe as factory europe, they have factory asia. some parts and components go to china, assembled, come to us but because trade is measured in gross, not in value added terms, we end up with a really big deficit with china. it's quite a bit more complicated than that. >> one of the things about your question, what struck me is the fact that at least the draft that has been circular of what's going to be studied on these trade deficits, it really missed a whole bunch of factors that were being discussed here. it was all about different aspects of trade policy, and some of these broader issues which have a bigger impact wasn't even in the list of things to look at. one question i have is, is this going to be a real from the bottom up look at trade deficits and understand them in the sense it was discussed here, or

something in china's dividend stock place here, something that is not been china's strongest suit.te from what we saw from the pboc this morning. liquidity is relatively high. yuaneference rate to the was set at the most since march 27. take a look at some movers in hong kong. let the board on the screen. on some moves in 9.9%, theket raising most in september of 2013. smart energy of over 70%, extending monday's gains. bmg shares now up 15%. developmente land up as well. china fortune on the rise following its plans for its project in the new profits. but look at how things are shaping up in asia. when it comes to what is moving and gaining in the project in tw profits. region, one is up 5.4% after asahi reports 2at they are offering trillion for toshiba's chip unit. gaining after jefferies upgraded the stock. the broker expects profits to read dan -- rebound on-demand. pickup in chinese demand for the extension of time ones smartphone supply chain. looking on the other foot here in terms of the taipei listed stock of china airlines on the decline. cement makers in shanghai all up

china. again, this is not something that is isolated between south us against north korea. and all kinds of things going on. china has a pivotal role to play, probably more than we do. i look for to them having those negotiations on mar-a-lago this weekend. host: are those topics you believe they will address? guest: those will be really strong topics, i believe. korea talk about north launching another bomb, another test, this is destabilizing to the area. for a in a resolution system only focus at north korea. it is not aggressive. it is protecting our allies in south korea and the 28,000 troops we have there. host: if you want to join in on the conversation with our guest about north korea and other call in, post on .witter a guest: i think he wants to be mechanized in the world as a legitimate superpower. of asiane chair pacific affairs and there, was brought up who is trying to hurt north korea? i cannot think of anybody. you look at the attack on his half-brother in malaysia when that

construction in china.irst quarter gdp saw a record number of starts in terms of long-term construction, so we are looking ahead to that. we will see how we at it is happening in terms of japan's komatsu and other construction makers in asia. yvonne: ramy inocencio on caterpillar. caterpillar is doing well in yvonne: asian market set to extend gains. that euro hangs on to its biggest advance since june. he pboc wants to control asset bubbles. yvonne: sansone's new phone suffers troubles. tinted screens and dodgy wi-fi. toty: north korea threatens attack an american war threat -- war ship. yvonne: this is the second hour of "daybreak asia." in hong kong. in newi am betty liu york. it is just after it :00 p.m. we had a big rally in the u.s. and we had financials leading the way. looking quickly at the open here in japan, looks like it is opening slightly in the negative. certainly some other factors to watch in asia aside from lingering risk of fact from the french collection -- election. yvonne: they're wait

it is a stunning reversal from one china currency manipulator.t is a stunning reversalfrom one of his key election campaign promises. mr trump told the wall streetjournal that he changed his mind because china has not been manipulating its currency recently, and that doing so jeopardise talks with beijing about how to deal with north korea. earlier i spoke to an economist about whether the us president was softening his trade stance on china. in the past, china has arguably used currency to push its trade policy. they have moved away from that over the past year or so, and i think although the past year or so, and i think althouthock, the past year or so, and i think although jock, donald trump the past year or so, and i think althouthock, donald trump is the candidate a year ago was very vibrant on this point, that is not currently today's situation. again, he is not looking for a fight but he will push them on market access on things like tech, financial services, steel, autos, that is where you will see a very forceful donald trump. the us tre

the bilateral summit last weekend with china, president trump repeatedly said he wants to involve china to help kind of broker more of a peace between north korea and the united states, to deescalate tensions, and that's something that we're waiting to see if china's willing to play that role but president sump said he'll use that brokerage and leverage from the chinese or go it alone in whatever way that means. we haven't heard the specifics of that. there's a few different angles you want to keep in mind when you're thinking of north koreans potential aggression as you look to this weekend and the other factors the trump administration put in play to show they will act on the world stage. >> sean, talking about china's role, they're telling both sides to cool down, take it easy, figure out what you're going to do, use your words, you know, in appropriate, in an appropriate way and at least publicly that's what they're saying, but let's not forget, china helped north korea build their nuclear arsenal. do we buy, can we trust china and their public stance and view on north korea? >> its