dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian or totally wrecked area and rigor that we need to have more transparency for it and ability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong and very quickly please could almost at a time we see this. and it dictation that p.j. will continue its nine policy towards hong kong there is no tolerance of the pro-democracy movement it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook

these projects are made by china and made for china. it's a play on the made in china slogan. so again, they're questioning how will this benefit us? and how are we not just giving away our resources? - in the target countries, there's a considerable amount of suspicion about the intent and the effect of the belt and road initiative. the questions include the sustainability of the projects, but also sustainability in terms of the debt and the debt load. - [narrator] beijing's unsettled relationship with taiwan presents another potential destabilizing force in the unlikely event that it escalates into conflict. - since neither taiwan nor china really want an escalation, they would each have to make terrible miscalculations to create a situation in which there is an escalation. it's always possible. people can blunder into it. - china has actually shown a great deal of nuance, strategic patience, wisdom here. i would be very surprised, and very disappointed, in chinese statecraft, which has generally been careful if chinese statecraft decided they had to go overly dramatic with

or china?, because it is the bigger economy and has the deficit and needs to eliminate it. i think it does come to a question of whether we move beyond this stage, sound and fury signifying nothing, to a trade war in earnest. nothing is happening despite the moves we are seeing. if it does come to something in earnest, the u.s. may be overestimating its strength. ,f you look at the categories american imports from china are largely consumer goods, computers, clothing, mobile phones. they are very dependent on china. typically more than 30% of american imports. these are important--- import-dependent. what will probably happen, is a push-up prices on domestic consumers. if you go the other direction, chinese imports from the u.s. -- soybeans has in one example, aerospace, things they do not directly affect consumers. on one side we have a dictatorship, and on the other, a democracy, one that is very solicitous of the views of businesses. they will be a lot weaker on the chinese government. risha

and maintain a balance by close ties to china. always be closer to china than the u.s. is. when the ldp collapsed, that mainstream view flipped. and from prime minister to today, every japanese prime minister has been what once was called the anti-mainstream which was more pro-taiwan, more maritime. and so you've had this flip. in taiwan, which mike will know much better, before democracy, the view of japan was pretty positive. but with the dpp, with democracy, the dpp has aligned quite a bit with this maritime view. when i was in the nsc i could not go to the shrine for obvious reasons so i was curious to go in 2006 when i left the nsc and was a private citizen. i walked to the shrine and usually see the old imperial japanese rising sun flag. to my surprise when i walked in, there was a dpp flag flying. which proves the old adage the enemy of the enemy is my friend. the dpp on most issues is aligned with japan's opposition power, nuclear, power. on this one strategic questions, the dpp kind of aligns pretty well with abe. so, you have the u.s., japan, taiwan all kind of al

china. the center for strategic and international studies hosted this event. it's about an hour and 20 minutes. >> good afternoon. thank you all for coming. my name is chris johnson. i'm the chair china studies here at csis. i want to thank you everyone for squoing this today on discussion on taiwan, japan, tri lateral. i want to introduce the speakers here. i'll start off with vice admiral yoshida who joined the forces in 1979 as graduate of the national defense academy. where he served mainly on surface ships. over 35 years of professional managerial experience in the maritime defense and security air yachlt and offshore duties have included serving at the program center which developed anti-submarine as part of the egis program and six times at the ministry of defense where he was in charge of welfare, education, operations, and intelligence. he also served as defense at ashe in japan's u.s. embassy and final government assignment was commander of the region 58 command. joined washington

has been talking to china for 20 years and china usually does what china wants to do.say when i asked him that the question of a trade war and the impact of the outlook on policy was discussed at last week's meeting. he does say there is quite a risk to the trump strategy right now. that is we got a full-blown shockwar and it is a big to confidence, business confidence, consumer confidence. he says these are very important to the economy and that could hit stocks and bonds, hit bond yields, raise the cost of financing. that could slow down the economy. the president of the atlanta fed also spoke on friday. he referred the question of tariffs, the reaction of trading partners as a counterbalancing downside risk for the fed to be watching. he said the trade dispute has more innings to run. he thinks we might be seeing more negotiating going on. he is also reflecting the view, let's wait to see what really happens. we have got a lot of trade salvos being fired back and forth. it is also possible that some agreement will come out of this and we will avert something that ev

and they said that's swallowed china. first, swallow korea and then china. he thought he would tell them about japan's advantage about where japan had to be to defend itself and not let other powers dominate china and the navy, historically has generally been more aligned to britain and america, the maritime powers with one very important exception, in world war ii. just as the u.s. has shifted this maritime to view, so has japan. war, in what is called in 1955 system, the liberal democratic party, the mainstream was, especially after with in the relations china, the mainstream was about china. to had to maintain a balance because it's china than the u.s. is. when they collapsed, that mainstream view flipped. tom the prime minister today, every japanese prime minister was called the anti-mainstream. that is much more pro-taiwan were maritime. taiwan, before the view ofion, japan was pretty positive but with democratization, the dpp has kind of aligned a bit with this maritime view. i was curious to go into thousand 61 i left them and was a private citizen. i

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the us which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries that it doesn't care. see that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela vetch in toronto and caleb maupin in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent hist

russia used to be china's big brother today it struggles to accept that china is superior and she's also mentally we're told of course china and russia are cooperating on military to raise for geopolitical reasons but the new silk road has little support in russia because russia has its own eurasian project and with the shah she's a housing hero yeah and if you find any of these. groups you look at all stalin for putin as for stalin before him military strength is the primary factor position but that's just not enough in today's world and if acutely you need an efficient economy technology science if you were to work with putin's russia it has none of that in the cosmic stan and his backers stan are already turning towards china while trying to maintain a balance but russia's all talk with leaders go order china has the money all russia has is memories who glorious past it was when the overly copple for. people like to come to the bridge of orenburg to enjoy the sunset looking west towards europe but many confess that they're looking the other way more and more often. at this moment as i

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry there were that many in total china filed two hundred twenty five patents compared to the u.s. which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela vetch in toronto and caleb maupin in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's

long trade dispute with china the u.s. president says he is protecting american security and jobs of the markets all more convinced than he's ever starting. to do business on crystal president the. and who takes pride in soaring stocks is rattling the markets global shares plummet as the united states in ounce a hike in import tariffs for china a key supplier to its massive consumer oriented market fears are increasing the donald trump is rushing headlong into a trade war with the world's economic powerhouse in asia china has already threatened to retaliate if the united states does not back down. now after an election campaign where he pledged to address china's seventy three hundred seventy billion dollars trade surplus with the united states donald trump ordered an investigation of chinese business last year is survey among u.s. companies revealed four main gripes first they claim chinese firms require foreign companies to form partnerships in china then steal technology and close down the joint venture second chinese c

that's coming from china they could come up with something bigger what's going to bring china to the negotiating table they've done that with the e.u. they've done it with canada and mexico how is america going to get china to talk about reducing the trade deficit with the u.s. this is not the way to do it you know china is a major investor in the united states what kind of damage could these measures do if the spread were trade war breaks out some say it is here by now you know well this is going to be quite damaging for u.s. companies that invest in china for chinese companies and invest in the u.s. of course it's all kind of a part of a strategy for trying to go against china's made in china twenty twenty five strategy now they're focused on improving their technology and automation robotics big data to future proof their manufacturing industry what trump doesn't like is that china is buying up country companies from abroad to take their know how back to china has blocked many of the technology deals that china wants to do in the u.s. but is the same with europe europe doesn't lik

they bet wrong on china.hey believed it was going to move incrementally to a more uralistic syem and a market economy, a much more open econ they are also saying that with this decision china moves from autocracy to dictatorship. how would you sum up the type of leadership we're about to see? >> i don't care what kind of title you call mr. xi or what kind of label you apply to china. all we want to look at is the policies president xi has been pursuing or the direction in which china is moving. if you look at the last 25 years for roughly about 10, 15 years china was more or less moving in the right direction. the society was opening up. the economy was becoming more liberalized, and engagement with the west. with the rest of the world was also moving in the right direction. you cannot say this about china for the last ten years or especially for the last five years when chinese society is becoming more closed. politics is much more repressive. foreign policy is creating a lot of tensions with the rest of the

what is china likely to do?'s response to any sort of hawkish confrontational actions from .rump on multiple fronts i think china can use more diplomacy and dialogue. that's why they have sent two high-ranking officials to the u.s. to discuss these matters. china can provide more reciprocation as trump wanted come in terms of energy trade. i think petrochina will raise their u.s. energy import this year by 80%. and china can open up its the mystic market and financial system more open to the u.s.. this is the area that in the u.s. firms do have a competitive advantage. i think retaliation in terms of putting tariffs on the china -- the china would consider. haslinda: of course, we have the mpc meeting right now. we have xi jinping in power indefinitely. some are saying that, in the short term, that is great. there will be stability. but in the long run, it is open to policy mistakes. >> if you look at what xi jinping wants to achieve for china come in terms of realizing the china dream, and a lot of the ambitiou

autos going in to china while u.s. only levies a two point five percent tariff although we do have a twenty five percent tariff coming in for chinese pickup trucks but how do you see this all working out i mean all of those are a big deal you talk about jobs both in china and here it's really important what he thinks going to happen. well let's back up for a moment now at this point china makes more cars than the e.u. the usa and japan combined it's roughly twenty six percent of the global car market and at this point we're also seeing that the quality gap between american made or imported cars and domestic chinese cars is being eroded and the chinese leadership is essentially at the point where they're saying that look ok that if if you know some high tech billionaire in china he wants to import a cadillac that's made in michigan he can afford to pay more for it this is a luxury thing but mastic lee that they should be utilizing the domestic car manufacturers there's a lot of different car manufacturers in china you'v

china is a large and growing source of revenue for some of the largest american companies, and chinasing nontariff barriers around access to their domestic market for multinationals. what did you think of what the treasury secretary said over the weekend, steve mnuchin, when he said, look, we do not want a trade war but we are willing to go ahead. how do we read between the lines on that? well, i think it is certainly... it is certainly encouraging that they are using this asa encouraging that they are using this as a negotiating ploy. that is what it seemed like from the get go, i think the actual tariff measures are afar think the actual tariff measures are a far cry from what the trump campaign spoke about in terms of the actual rate. i think it is a negotiating ploy to get further access will open up access for us companies in china's domestic market, or two in courage china to buy more imports from the us. —— to encourage. lessing courage in is that it does not seem to be a durable solution, if they convince china to simply buy more semiconductors or aeroplanes or autos, it isn'

crackdown on china the barriers to chinese exports are supposed to protect american security and jobs but investors are seeing the start of a trade war. and this trendy watch company in detroit is key for the city's economic revival but it can't do without parts from you guessed it china. it's time for business on the w. and how you got to get us welcome to the program china said it is preparing tariffs on american imports in response to u.s. penalties on steel and aluminum the take effect today chinese officials vowed to defend against an even larger number of tariffs signed by president donald trump global markets are already worried china could hit everything from american pork and apples to steel pipes its commerce ministry said it encouraged trump to negotiate but gave no deadline trump has demanded reciprocity in trade and is threatening tariffs on up to sixty billion dollars in chinese imports the chinese have said they'd prefer to convince washington to change course but they also say they won't be bully them it's obviously arrogant they've misjudged the situation and underest

haslinda: qc retaliation from the likes of china? china in particular?uld say chinese government has proven itself to be an extremely savvy, astute operator. for whatever they do, i expected wide,very astute, very and very clever. that is the world we live in these days. these sorts of things tend to grab the headlines. there's more fundamental and the story things happening, like the continuing rise of hundreds of people in china, india, southeast asia into what we call the global middle class. regional and international tourism is moving. international tourism is growing at twice the rate of the global economy. technology, so those are much bigger and more with no lesser old-lineut so-called industries like steel and aluminum, these days, we have much bigger things going on in technology, internet, and towards the lifestyle. haslinda: you're talking about china. we see an excel region of china's investments into indonesia. do you see that taking even more yes, it short. haslinda: can you quantify that china has gone from, five years ago, being are neve

china says kim jong-un had visited china march 25 to 28, and met with president xi.un departing on that train after meeting with china's president, xi jinping. we have been talking with stephen engle over the past few days, we probably would not get confirmation until after this visit. it looks like that is the case. yvonne: it goes to show the improvement in their relations between china and north korea. is getting pyongyang serious about improving relations with the rest of the world, especially ahead of that summit with president trump in may. betty: making a tour with his counterparts. rio tinto officially out of the a billion dollar deal to sell its remaining mines in the past week. paul allen with more on the story of rio tinto. they reached the end of a long road here. that is right, it has been about five years in the making. it came to an end this week with an agreement to sell the kestrel project in queensland to a private equity firm, emr capital. project.lion for that it follows a deal where hail creek and valencia were sold to glencore. glencore had an a

and china. >> in china ineffectually a tailwind to our chinese business. china benefit from that.ee going forward? if i think i would be playing the futures curve and would not be sitting here. wehink in general terms, expect pork prices to remain relatively low in china for the balance of the year. we expect some rebound. we have nothing over the past couple of days. be relatively to low in the u.s., lower than last year. there is a dynamic of newport plants in the u.s. there are about four newport plants. barring any trade instructions, the idea is that the space will be chasing those hogs and i would place upward pressure on it. when you look at the feature strip i would expect to the balance of the year that that will rebound, the prices will rebound. >> there but they can go much for joining us. ken sullivan. smithfield foods president and ceo in hong kong. thank you for joining us. back on the fed and the economy. the top beneficial endorsing the cautious rate hike path. it is not rate hike causing the but today. we had news around the new fed divisions a look at another whi

missile and nuclear bomb tests and china suspended colin imports from the north last year china's overall trade with north korea declined by more than ten percent in two thousand and seventeen and that appears to be a major economic blow considering china accounts for almost ninety percent of total trade well let's bring in our panel now from saul carroll the director of m.k. news a new site focused on north korea from beijing on a tank and an investment banker and advisor to the chinese government on economic and development issues and from chicago father of the chicago council on global affairs welcome to you all mr ken jong un's first trip to a foreign country since taking power in two thousand and eleven just how significant is that and does it mean that north korea is now ready for more engagement on the nuclear issue. well it's significant in the sense that it is condolence first of a trip overseas it's been six years since he became leader. and going to china in his father's ahmed trained seems like a small voice of security it is a priority but you know it is for the north korean

-china pension?i think the private equity industry will have to be more specific into the industries they pick. there is a lot of capital raised -- and in terms of the countries that they need to invest in asia and particularly in industries they should be investing in -- the selection will be more stringent. the returns may be a bit more lopsided, but that is what i think is what happened. in the last two years we see capital raised in this industry. haidi: what are your clients asking you the most about and what are they concerned about at the moment? our clients are mostly chinese, and are deeply concerned about the volatility. they are indeed actively thinking about planning to enter a stage in their life where they do family planning, which didn't happen three or four years ago. this questions about how to think about this -- and all these questions are unique in asia and has been asked before. toare planning ourselves provide full-service not just on investment but things other than investment,

how reliant are they on china? >> china is a huge market for boeing.-term market updates, 20 your forecast with a look at the market. china figures as the most twortant market, about replace the u.s. is the biggest travel market. they are traveling locally and internationally. this is a market they can't afford to lose. francine: the population in china was 1.4 billion. how big is the aviation market in china? >> we are expecting china will lead 6000 new aircraft in the next two decades. that's huge outflow from factories in europe and the u.s.. we saw this when trump was in china. he announced a big order for 300 aircraft. smaller aircraft, but also some wide bodies. this is where the growth is coming from. globally, china plays an important role. a lot of areas of growth have dried up. the middle east is not that engine anymore. europe is done with its replacements. growth in the u.s. is not as it used to be. china is where the action is. they produce locally. they have a leg up on boeing. that is not something they will be keen to monitor. guy: let

field other than china.to check in stocks in sydney which is a mixed bag with --ors and gold producers bluescope steel is gaining ground and we have the ceo telling bloomberg that the tar iffs are good. now let's get to first world news. courtney: first up, the u.s. will impose tariffs on steel and aluminum imports with an announcement expected next week metal meetings with executives, president trump said would be a long-awaited protection for the industry and the decision may provoke publication -- retaliation. the european union wells respond necessary.r >> they have been horribly treated by other countries and they have not been properly represented and more importantly because of that, workers in our country have not been properly represented. courtney: the u.s. ambassador to mexico is stepping down during a wave of senior officials delete the state under the trump administration. a 30 year veteran was appointed by president obama in 2016 and she leaves a string between washington and mexico city over p

ambassador to china -- the china ambassador to the u.s.to avoid a trade war but would not back down it one was initiated. china also said they will work through issues through the legal processes through the wto and they want to see dialogue to scale back these tensions. in terms of further pressure point, key is agriculture. there is about $140 billion worth of goods imported into china and that includes soybeans. that is another potential pressure point. clearly, china -- and we heard this throughout the congress from policymakers and leaders, they want to avoid a trade war and will take a measured approach for now. they've also said they will not back down if trump escalates this. yvonne: perhaps this is the warning shot from china, tom. do we get a sense of how far china is prepared to go? they have touted a list of other pressure points in the past that they could apply on the u.s. should they choose to. they would escalated if they were to switch boeing orders to something else or start targeting companies like intel, apple, or cow c

is a sense in china that china can go forward even more strongly.t wants to project power. this isjust an extension. the question is, what are the internal views of this shift? there are some in the civil society of china who are upset with this but i've talked to a good number of people in china who are not upset with this. they kind of like it. it's an opportunity for china to be stronger and an opportunity for their businesses to proceed in a stronger way. what about relations with united states? it's kind of interesting. president xi has gone a bit more solo and president trump has gone a bit more solo but there isa has gone a bit more solo but there is a big difference between the two of them. president xi is very experienced, a deep reservoir of expertise behind him. president trump doesn't have a lot of expertise, he is inexperienced. you'll find this development in china really will more starkly set up china really will more starkly set up some of the differences between oui’ up some of the differences between our two countries and the tensi

we are far from that in china.xt of china's opening up and reform ambitions as well as the looming trade war with the u.s., do you think this takes on significance? michal: symbolically it certainly is a very strong position by china to say, we are not buying into all this protectionist talk coming from the u.s. we are buying, we are inviting foreigners. we are making great efforts to liberalize and open up. but in terms of sort of actual impact, first of all we will see exactly what the trade war means and if it is a bargaining position, or does it become stickier. regardless of that, u.s. flows into china will even triple this year because refiners are looking for more u.s. grade. let's put that in context. perhaps a 300,000 barrels a day when china is importing 8.6 million of oil. there will be a lot of rhetoric, then there is reality. haidi: great to have you on for us. the asia analyst, ahead of trading starting in china at 9:00 today. rio tinto is concerned about trade tensions between china and the u.s.. the

is that a concern for china? claire: to china it is a trade surplus. this month. claire: oh, for this month. it is not a concern because we think it might be temporary. yvonne: due to seasonal distortion? claire: yes. chinese new year. yvonne: we saw a sizable drop or the month. is the reason to believe this is more than seasonable? claire: we have to be a little more careful because of the -- it's better to look at it pboc number to see the reserve. it's largely stable over the year. yvonne: claire, thank you. jetties conglomerate dan tower group is not concerned by trade tensions between the u.s. and china. said he will continue to look for assets in the u.s. concerned.ot two big powers like china and the u.s. should be partners in a trade war will not take place. the two countries need each other, i think. >> do you expect to face more hurdles in the u.s. market? does it make the u.s. market less attractive to you? >> so far i have not felt so. >> they are looking at giving and thatore power could potentially impact companies like yours looking to m

china is right. china needs the u.s.ds the u.s., but there is in beliefs.tion it is when both sides believe the situation is different that you get huge mistakes and things like trade wars. that is the first problem. problem sois a big to speak. and mnuchin going on, talking about this, the trade war, as you mentioned, there are talks going on between the u.s. side and the chinese side, but it was interesting to see william ferris' reaction to this. he is the chairman in beijing. this is what he said about any talks going on between the two sides. >> what i heard from many sources is the u.s. was not in many -- any mood to talk, and there it -- they are still not. i am not sure where these negotiations are going on, but i have heard nothing that there is communication going on. betty: brad, with the actions so far between the chinese side and the u.s. side, do they reveal there are in fact no talks going on? brad: presumably there are talks , but talks about what? ask right now is china will do less christening and cross

demands will be which will help china. it's a visit that would have seemed unimaginable just a few months ago where north korea was ignoring chinese appeals for restraint at an exhibition showcasing some of china's technological achievements the message appeared to be we can help you with all of this if you behave. china's leaders are fond of metaphors that are lavish banquet she told his guest that in the beautiful season of spring everything comes to life kim replied i believe our meeting will yield abundant fruit that could mean making good on his commitment to give up nuclear weapons the fruits of spring were apparent in the garden of the state guest house where friendship also seemed to blossom she accepted an invitation to visit north korea and told him he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing. well china and north korea have a mutual defense treaty signed decades ago but chinese leaders have tried to convince their neighbors to stop developing nuclear bombs the chin

-china ties.ation he will have to have with his colleagues in washington given that tensions are being exacerbated. it does have experience politically. the premier will get a second term. there.rise certainly a less powerful position that his predecessor. once, that was xi jinping. we will get additional confirmations, likely some -- the finance minister in some military posts as well. it will wrap up tomorrow. . -- tamara. -- tomorrow. david: thank you. backtracking on economic dialogue with china. japan is a market where fundamentals seem to be going out the window. the mismatch between shares and earnings. this is bloomberg. ♪ votes to relax david: this is daybreak asia. betty: we have breaking news right now. more on the mueller investigation. a reiteration of what we have been hearing from the white house. tire, commenting in any mail statement that the white house is not considering or discussing robert mueller. white house not discussing or considering firing robert mueller, but there is a

and china? the verge of a trade war we'll talk with peter navarro up next live right here as we look ahead on sunday morning futures we'll be right back. great, another dead end. sarge, i just got a tip that'll crack this case wide open! turns out the prints at the crime scene- awwwww...did mcgruffy wuffy get a tippy wippy? i'm serious! we gotta move fast before- who's a good boy? is him a good boy? erg...i'm just gonna go. oh, you wanna go outside? you gotta go tinky poo-poo? i already went, ok? in the bathroom! as long as people talk baby-talk to dogs, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. let your inner light loose with one a day women's. ♪ a complete multivitamin specially formulated with key nutrients plus vitamin d for bone health support. your one a day is showing. are finding themselves morin a chevroletple for the first time. trying something new can be exciting. empowering. downright exhilarating. see for you

china is considering some of the softer data that we got out from china, the manufacturing pmi data also in the mix. it seems the funds have been told to ensure they are not doing any big selling over this political event. it is always about trying to maintain an aura of stability during these events. haidi: tom, thank you so much. lots more to talk about, all about china. credit agricole's dariusz kowalczyk will be joining us later in the show. does it reflect the poor numbers we had yesterday, rish? rishaad: plus, our next guest expecting more volatility in chinese new economy stocks this year. we will be meeting ken wong next. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. rishaad: i'm rishaad salamat in hong kong, looking at the latest business flash headlines. noble group says it's very survival depends on a controversial restructuring plan -- its very survival depends on a controversial restructuring plan. had, quote, "no magic pill for investors facing a debt haircut." haidi: the operators of southeast asia's biggest gaming platform reporte

rishaad: china does not want to see instability, hence why -- tim: china, i think china wants to seetable and strong europe. brexit was a little shocked to them. there are populist pressures in other countries. europe might be strong enough to pull through this, which i think is what the chinese are hoping. this is an important partnership. not something brought up in the national people's congress. tim: not specifically, but what we have seen from xi jinping, they will be some rhetoric about greater opening in the chinese economy. we after the party congress, greater stakes in financial businesses and so on. there may some more measures along those lines that would fit. rishaad: let's look at the way china needs the eu, and vice versa, if we have this world going into a more protectionist phase, given what donald trump is doing with steel and aluminum just being the first salvo in a trade spat, hoping it is not a trade war. tim: since trump's announcement, eu and china again have been aligned on something in response to a u.s. position. we saw that previously on climate change, when

well, china knows this, but china's not a free and open society. to achieve the kind of gains and advancements in technology and in biomedical science and in so many other things, they have to steal what we do. sometimes by buying our companies. sometimes by cyber theft. sometimes by just these joint ventures, and they tell american firms you can only come to china if you give away your intellectual property. so china's taking huge advantage of us. intellectual property is the lifeblood of emerging industries and the good-paying jobs they provide. the american advantage of intellectual property is one of the main things that will keep us number one economically in this century, but not if we allow it to be stolen and taken advantage of, and the country that does that more than any other is china. intellectual property is the lifeblood, as i said, of emerging industries and the good-paying jobs they provide, so it's impossible to overstate the cost of i.p. theft to our economy and our workers. this sentence pains me. i think about it often. general

and china. he is seen as close to beijing and donald trump and has reportedly counseled the president against tariffs. >> there is no doubt that there is a serious imbalance between the u.s. and china in terms of market access and tariff levels andnontariff barriers investment locations. and part of this happens in the natural course of things. juliette: global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. guy. matt. matt: asian stocks fluctuated and the yen gained some ground after u.s. equities fell for the third day in a row. this as traders suggested comments from -- larry kudlow. joining us from singapore is mark cudmore, bloomberg mliv strategist. become -- he is newly protectionist when it tradeto the china-u.s. relationship but he seems to be a strong supporter of nafta. can we take some soulless and solace in that? too markets.atters it is not just a story about canada and mexico good there will be a ramifications

and china?re we on the verge of a trade war we'll talk with peter navarro up next live right here as we look ahead on sunday morning futures we'll be right back. [thud] [screaming & crying] ♪ [screaming & crying] ♪ [screaming & crying] [phone ping] with esurance photo claims, you could have money for repairs within a day... wow! that was really fast. huh. ...so it doesn't have to hurt for long. hmm. that's insurance for the modern world. esurance. an allstate company. click or call. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. maria: welcome back trade fears rocking stock prices after president trump announced new