had china -- of u.s.-china diplomatic relations. it led off with jay. stapleton roy reflecting on his experiences growing up in china and this perspective -- his perspective on u.s.-china relations. >> thank you. let me get these out-of-the-way. good morning. >> good morning. honors a pleasure and an to meet with you this morning. the mission of global chinese connection as i understand it is to build relationships that will change the world. i am here this morning to talk about one of those relationships, the ties between china and the united states. it's a subject dear to my heart, and i think many of us here would agree that it's a relationship that has the potential to change the world. china for seven years during the japanese conflict in world war ii. my earliest memories of china as a three-year-old and four-year-old were of sitting in out and listening to bombs falling outside. believe that children are flagyl -- fragile blossoms and early childhood determines what you think about such issues, i should shudder in terror anytime i hear the name c

to china. you might see some repackaging of purchases that would already be made in any case, maybe some pulling forward of purchases that could be made in subsequent years or commitments being routed, you know instead of going through third countries being brought into china. you may have allies like canada or australia or countries in southeast asia selling less, but instead having the purchases go from the u.s. to china. each if the purchases happen, i think there is a basic sort of contradiction that you're talking about, between one of the major goals that the trump administration had in launching this negotiation which adam has mentioned here. you know, which is encouraging china to be a more market-oriented economy. i mean, that is kind of the whole reason for launching this negotiation. when china decides to make these purchases, many will happen through enterprises. many people i've spoken to, are the purchases reinforcing the role of the state rather than working toward that goal of m

of china. and this is not the way to have a good policy, and it's not the way to advance u.s. interests in the future. >> thank you so much. thank you so much, ambassador. i think we have run out of time, and we very much enjoyed this conversation about china that is growing, a country that has lifted hundreds of millions of people out of poverty that you often talk about in your reflections, and it's most definitely the most prominent hiss history of advancement in human history. i thank you for sharing with us these wonderful insights and your wisdom for going forward. thank you. >> thank you. thank you all. [ applause ] >>> now more from that event, which included a discussion on the current state of u.s./china relations and whether it is leading to a new cold war. >> let me see a show of hands. how many of you are from outside of washington? outside of washington, but you're living in washington, though, right? no. how many of you are originally from china or studying here from china? oh, w

china is big china a sponsor china is behind change. the nation is striving for power to become the technology of the world. second road initiative it's twenty first century silk thread it's been called by the rich chinese martial plan dates back to campaign for global dominance but does the trade go the way. we cannot let mutual suspicion so we all get the better of us from. your once trade but. this has to lead to a reciprocity that we are still struggling to achieve using in the months from now . european industries are increasingly falling under chinese control. or the result of european enterprises need to get the same degree of access to the market as the chinese get in europe the last two films. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who away. is joining us spying on europe. none of us is naïve. the new china relations facing new challenges time and even. on. their honeymoon are hardball and you said you were looking for the clos

or china. >> fair enough. >> china is managing its vulnerability to what happens in china. there has been no fresh new money from china to venezuela. the grace periods established for previous loans has been suspended and china has just given the amount of money enough for venezuela not to default on china itself. and is trying exactly as rightly said by the assistant secretary and china has also tied it with physical oil and so on, assuming that venezuela would be able to deliver them now. the point is that there's no necessary grand strategy. probably as far as being aligned and investing in supporting maduro, might more likely come from putin, not from china. china is managing but it's not ready apparently to invest more at the margin. as far as the caribbean, caribe has been quite important for them so they are managing that. >> shanti, any final thoughts? >> i think this conversation has been really rich and we've touched on many of the issues that you've highlighted in this issue. i didn't weigh in on your last question about the plateau versus growing, but one thing

china is 1.3 billion, and you can imagine it's not an easyjob. so obviously china...b for who? for the leaders in china, in beijing. listen, i mean, china has actually done amazing things over the last a0 years. the economic reforms have basically lifted most poverty out of china, from the chinese. but how do you move that forward? now, we have 300 million middle class in china. how are you going to continue to meet those expectations? through increasing authoritarianism, then? well, i think there is a mix of — if you let all chinese behave the way they want to behave, i think china would be a very different place today. so i think you do need some sort of a top—down approach. but you're right. i mean, how much longer can you continue this way? but i think, for now, i think it's probably the best way for china, to have certain control, certain directions from the top. although hong kong operates very differently — that's why we have the two systems. hong kong is more market—driven, whereas china is more central, top—down approaches. so you accept, then, that there is

of china.is bloomberg. ♪ china education group has reported a 43% increase for the first half of 2019. the cfo spoke exclusively with bloomberg with where they are seeing the next opportunities outside the mainland. have 200 targets in the country. we have close to 40 targets overseas. we are still looking for some foreign opportunities. when you're looking around at foreign opportunities, where you seeing the biggest potential for growth? we have some requirements. we prefer to be english-speaking. we can communicate with the management team as well as the students and teachers. the other thing, we would like to have some synergy with our school in china. the synergy will probably come from we can export our student to the school as well as we have the program that we can bring from overseas to our school in to bring it to our students. after taking this program, our students will get a foreign communication in addition to the local. >> there has been an interesting provision by the chinese go

so it is true, globally, i would say. 0nce china goes to a country, once china invests a nd china goest will be much better if you can generate goodwill. but sometimes it will take time. let me give you an example. look at the bridge between hong kong, macau and china mainland. there are critics, many people say it will not make money. but i am sure in due time it will create so much benefit for the people in this part of china that eve ryo ne people in this part of china that everyone will be proud of that. and people will like you. alvin. you can never purchase respect, you can only earn it. this is my answer in response to parag. world is wondering what kind of rising power is going to be and what it will use its power for. so far there are positive aspect and people can see those and there are some negative aspect. but it is hard to say, still. i think the jury is still out and they are waiting to see if they can be convinced that china will use its power for lofty goals that it states in its beaches or is it going to bea states in its beaches or is it going to be a much more sharp

across talking china i'm joined by. my guest patrick lawrence in new york he is a foreign affairs commentator whose columns appear in consortium news in other publications also in new york we have remy p.a. he is a senior director at america's market intelligence as well as a research associate on political economy and foreign policy at florida international university and in paris we cross the from the he is president of asia center i'd jump in cross rules in effect that means you can jump in anytime you want and i always appreciate this but this program has been inspired by an article you wrote of the consortium news i saw the the white house's reaction to italy joining this initiative the chinese initiative belton road this is coming from the national the national security spokesman mark a has italy is a major goal of global economy and great investment destination no need for italian government to lend legitimacy to china's infrastructure vanity project well this is a lot more than of vanity project and it sounds mo

here's china in 2013. here's china in 2017. so there's been huge growth relative growth in bond issuance in china in just the post-crisis period, essentially driven by the explosive growth of the local government bond market. so china now has essentially call it the third largest bond market in the world, probably going to pass that of japan soon. and here's the growth, you can see year on year growth, this is in percent of gdp. here's the central government bond market. here's the local government bond market. huge shift in financing away from bank borrowing and other forms of borrowing towards these local government bonds. and this debt is used to finance construction and infrastructure. here you can see social housing, construction, land development, essentially that's what these expenditure is going for. and there's been a huge growth, as you can see, here's just another way of showing you, here's the sovereign bond market, pie chart of the whole, here's the local government -- local government bond market. here's corporate

of china. and this is not the way to have a good policy, and it's not the way to advance u.s. interests in the future. >> thank you so much. thank you so much, ambassador. i think we have run out of time, and we very much enjoyed this conversation about china that is growing, a country that has lifted hundreds of millions of people out of poverty that you often talk about in your reflections, and it's most definitely the most prominent hiss history of advancement in human history.

well, what's happening to china? is china different because of the scale of china? which is so much larger than all of these other countries. when did rampant economic growth begin in china? it didn't really begin with the reform and openness policies in '79. the period from '79 to '89 was a period of laying the basis for subsequent rapid growth in china. if you recall, they set up experimental economic zones in the south of china. and then you had the developments of '89 to '91 and then you reaffirmed in 1992. it was '93 when china's rapid growth took off. it was noted immediately by the american business community and it was totally ignored by the american political system which thought that nothing had happened. so we have only had about 25 years of rapid development in china. but what's going on in china right now? all of a sudden we discover that western ideas have become this dangerous element. so while we are saying that engagement with china failed, xi jinping is struggling with the influences that emerged as china has successfully modernized its economy and

china is big china is sponsored china is high. the nation is striving for power to become the technology of the world. and road initiative it's twenty first century silk road it's been called by the red chinese martial plan or a state backed contain for dominance but does the trade go the way. we cannot let mutual suspicion so we all get the better of us from. your one straight but. this has to lead to a reciprocity that we are still struggling to achieve using in the much fun. china needs market. needs outside. europe in industries are increasingly falling under chinese control. for the collision to clear european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who way. is china spying on europe. none of those is naive. e.q. china relations facing new challenges time. a thoughtful. the only one on hardball and you said you were looking for the cl

goals development methods how china and china is the biggest. economy in the world today and by p.p.p. it was very interesting to learn how to china is going to develop develop relations with its neighbors and this is very important for russia and of course too many of our colleagues are gathered here in. obviously implementing this but when a man's belt in the road initially. promoted by our chinese colleagues they are going to strengthen be cooperation in your reship this goal really brings us together. and it provides for harmonious consistent and development out by throughout the continent russia has said a number of time use that they initially of proposed the chinese president. is very close to russia's idea of your region partnership which is all about integration. very. good. to integration a process that is taking place in your asia as russia is ready to take efforts to create transparent and convenient conditions for corporation or through the eurasian continent it's very important between that come up with proper responses to the risk

deal with china that lowers the u.s. trade deficit with china? pres. trump: i think a trade deal with china is good for the world. it is very important. we will see if it happens. we have never done a deal like this with china. it is a very unique set of circumstances. it is a massive deal. it is the biggest deal that is ever been made. there cannot be a deal like this wherever you look. this is the granddaddy of them all. we will see if it happens. it has a very good chance of happening. i think it will be great for both countries. it will be a much fairer deal for us because, over the years, we have lost a lot of money to china. china has done very well. i don't blame china. i blame the people that have sat at his desk. they should have never allowed it to happen. it will bring a lot of things back. it will be great for the united states. it will hopefully be good for china, too. it would be good for everybody. >> what is still left to be agreed to? pres. trump: we have things we're talking, intellectual poverty, protection -- property, protection, a

and china. china is omnipresent these days from investments to high technology to geostrategy, and it's also become quite a factor in u.s./eu relations as well. the united states under president trump announced a fundamental shift in u.s. policy towards china, a whole of government approach that was announced here at hudson institute by vice president pence in his historic october 4th speech, and now after years of largely benign view in china, of china in the eu, a view that was parallel to largely benign views held here in the united states by leading opinion makers, viewing china as a strategic partner, as an engine for markets and investments, china is now viewed with shall we say greater nuance in the european union. recent guidelines given by the european commission and european internal affairs service talked about china simultaneously as a country with a partner with whom the eu, i'm quoting, has closely aligned objectives, a negotiating partner with whom the eu needs to find a balance o

or china out towards europe have been very much evolving in the last five or six years china is offeringan opportunity for joining vestment that has its risks also in case a country is not able to repay that investor and therefore you will actually potentially fall in on the in the shape of the chinese investment that should not be the case in case of italy however when you look at the tribe administration today doesn't have any answer to the increasing presence of chinese investment instead of offering a win win scenario get out of the. in the dust works on trade disputes and trade disagreement potentially raising tires on aluminum raising tariffs on all the other key imports for just challenging and idea of globalization by pushing for the gender of the character first remy to travel very hard hold on hold on don't hold your i.r.s. or brother good try to hold those sobs gentlemen we have to go to a hard break and after that break we'll continue our discussion on china's state with our. join me every thursday on the alex i'm unsure when i'll be speaking to guest of the world of politics

and china. days is omnipresent these from investments to high technology to geo-strategy and it has also become quite a factor in u.s.-eu relations. the united states under president trump announced a fundamental shift in u.s. policy toward china, a whole of government approached announced here at hudson unit -- princeton institute by mike pence in his october 4 speech and now after years of largely benign view in china of china in the eu, a view to largely benign views in the united states by leading opinion makers viewing china as a strategic partner and engine for markets and investment, china is now viewed with greater nuance in the european union, recent guidelines given by the european commission and the european external affairs service talked about china as a country with -- a partner with whom the eu has closely aligned objectives and partner where there needs to be a balance of interest and economic competitor and systemic rival promoting certain models of governance, the need to have

and china. omnipresent these days. from investments to high technology to geo-strategy. inhas become quite a factor u.s. relations. the u.s. under president trump announced a fundamental shift in u.s. policy towards china. the whole of government approach that was announced here at the hudson institute by vice president pence and his a historic october 4 speech. a largely benign view in china and of china and waseu become a view that parallel to the benign views held in the u.s. by leading opinion makers, viewing china as a strategic partner and an engine for markets and investment. china is now viewed with greater nuance in the european union. by theguidelines european commission and european talkedl affairs service about china simultaneously as a thetry, a partner with whom eu has closely aligned objectives and negotiating artners, the eu needs to find balance of interest and economic competitors in pursuit of technological leadership and a systemic rival promoting alternative models of govern

china trade talk.nk about the will that we are in, i think the carry is something the investors will keep looking for. that gives you a positive backdrop for the asian credit. isthe theme we saw last year that bond yields are backing up again. have we reached the point of equilibrium? that change your forecast when it comes to the credit market? neeraj: i don't think it changes a lot for the credit market. for credit markets, we are still in a positive environment. the rates are more symmetric here. you have growth stabilizing. even if you see some slowdown and parts of the world, i would argue that we are not any work is to a recession in the u.s.. from the standpoint of the the market has, started to price at the risk of recession. i think that will be used to some extent, treasuries are finding a lower range than last year. i think the treasury moves too much further up from here. >> there is a dollar bond issuance that we have seen. it has been quite rampant. saudi aramco, you have tencent from las

turned out to china or me just some it is underway in beijing as china showcases its expansion of a key infrastructure project known as the belt and road initiative leaders from some thirty seven countries are discussing the gigantic project but china's president xi jinping. the north five years ago it set to boost trade between china and the world there are concerns that the project could lead to a market monopoly by china. so what does the china belt and road initiative mean it's the new version of the silk road what does it involve one route runs through central asia and moscow all the way to korea in italy it consists of roads and really raise as well as our stations daily communication networks and pipelines now there is the maritime silk road which will connect china with europe africa and southeast asia china is already in mr invested billions in infrastructure projects long the rich but critics are warning that president xi is gigantic project sponging its partners into debt giving china increasing power here's what the chinese president had to say. the delta road is not an excl

china summit in brussels today could well offer some indications of where things are headed china is one of the your opinions most important trading partners commerce between the two has almost tripled since the turn of the century according to the e.u. statistics office that's mainly due to china's share of global trade and went from five and a half percent in the year two thousand to more than fifteen percent and twenty eighteen now last year the value of e.u. china trade volumes combined in a six hundred and five billion euros in brussels the bloc will be maintaining pressure on beijing to open its markets further the european union also once more action against product piracy and intellectual property theft something european companies active in china complain bitterly about now chinese premier league has arrived in brussels for the summit with a universe he has described china and the european union as quote important partners more cooperation deals are expected to be signed during the meeting as the trading relationship between the two has been growing mr lee will co-chair the

s pet project plunges partners into debt while giving china will power. these workers are assembling cooling and heating units for industrial buildings they are later going to be shipped to the u.s. pakistan bangladesh and mexico un dar or broad group is a company specialized in energy fission the air conditioning heating and air purifying lately broadest planning for further international expansion. in that union and the delta raid initiative is a good opportunity for us to cooperate and to promote our business further we expect to see a lot of new opportunities where we are all the down. but end road also called the new super road initiative is a massive investment program by the chinese government into international transport infrastructure in the past decades china has invested massively in its own infrastructure now it builds roads railways in ports around the world china says the initiative is designed to boost international trade and cooperation but critics see there's a means to extend china's influence beyond its borders. that we are that is the

many obstacles so if this trade war drags on it would definitely influence china and china as. it colony world the terrorists and it will reflect on its g.d.p. growth number so from thank you very much. it was staying in china more than a quarter of all new passenger cars sold worldwide are sold there so the mood at the shanghai motor show could be better in the first quarter sales in china have fallen by fifteen percent to five point one million units and this year the car market will continue to go down german premium in the factories have been able to buck the negative trend so although shanghai comes at the right time for them to push sales with several world premiers. there's no sign of a sales crisis on shanghai streets german luxury brands like miss eighty's audi and b.m.w. are watching their sales climb and climb b.m.w. wants to boost revenues with a long wheelbase version of its mid-range car the high earning it middle class in china wants much more leg room in the back because they like to be chauffeured. no the big parties not over this is the largest market in the w

and china. china is omnipresent these days from investment to high technology to geo strategy and a factor in u.s./eu relations, as well. the president announced a fundamental shift in policy towards china, announced here at hudson institute by vice president pence in his historic october 4th speech. and now after years of largely benign view in china -- of china in the eu, a view parallel to largely benign views viewing china as a strategic partner, as an engine for markets and investments, china is now viewed with, shall we say, greater nuance in the european union. recent guidelines given by the european commission and the european external affairs service talked about china simultaneously as a country, a partner with whom the eu, and i'm quoting, as closely aligned objectives, and needs to find a balance of interest and economic competitor in pursuit of technological leadership and systemic rival promoting alternatives, models of governance. this need to have a more nuanced approach to china

china defends its own road initiative officials say it's a geo political tool nor a death trap. and the rush is on to get into south africa's marijuana market. let's do business south african government has thirty three hundred fifty five million dollars lifeline to struggling utility eskom the bailout was originally planned for august but the state firm is on the brink of bankruptcy it's grappling with cash flow problems and amounts of debt the company employs forty eight thousand people the world bank says it could operate with just fifteen thousand. it needs double that but just ahead of elections no one is planning on axing any jobs at all. south african finance minister tito authorize the eskom payment early a month after he himself compared putting more money into the ailing leviathan with pouring water into a sieve he said the cash would disappear straight into a bloated company which is neither technically not financially able to carry out its prime task that of supplying south africa with electricity energy is south africa's weak spot state owned eskom is responsible fo

towards china. then you see a coalition of forces coming together in a lot of ways. the conservatives cadiz conservative action group, they are very focused on china. then you have a coalition of four forces in mr. trumps base but broader in society. people that don't like foreign influence they don't like immigration, you know who there they are, china is the focus for these people. evangelical christians. they are very concerned about china. this paradigm comes from richard matson who is a very prominent sociologist at the university of california san diego. the third are the people who have lost their jobs or think they have lost their jobs. the elites are seen as not helping them. there are manufacturers who have lost their businesses because of china and the elites have not helped them. what does this mean? it means we have a situation that is continuing to grow and has momentum and it will outlive mr. trump for sure. the question is where will we go? it is uncertain because you have this force

on this china. some very minute you did meet the reasons for being interested conscient uninvolved in the arctic first of all the polar institute of child has done extensive research to make the chinese leadership realize that they are. melting of the arctic. courses extreme weather patterns in china with monument of the structure of the in the last ten years. only a few months only a few months later check out the like the polarity shochu pointed out the continuity melting of the greenland ice sheet more stole the shish and salt in china will be uninhabitable during this century show. the climate changes in the arctic constitute a threat to infrastructure and to a whole sheet fish in china secondly. becoming the largest economy on the planet it is inevitable they will take a look of the resource rich area likely off like every big economy has taken a look at resources from all the possible certainly with the north and she wrote opening up and shortening the dishes but you can china europe and ameri

was one of the few lakes in china with suitable water for sturgeon. but the company's owners have also had to be creative. this sturgeon is a cold water species. cannot adapt to high temperatures. but will you hear through. the solution the fish are moved closer to the shore in summer their creeks from the mountains provide a constant supply of colder water. but the company breeds a wide variety of the fish including the highly prized beluga to breakthrough for the company's farmed caviar came in two thousand and eleven when kaluga queen convinced to look tenser to serve their caviar in first class today chinese caviar is enjoyed all over the world to say no money a distributor from the us supplies some of new york's top restaurants price quality and consistency is the issue. so proceeded to see the expectation for us put our customers. and in the past few years found a young child has also discovered what the fuss over caviar isil abouts. if . the law. the the. odd. coming. to our audience now come rushing anniversary of the law by and destroys the m

with china including china iran and venezuela. i think china is going to start a trade war with europe as well so that's on one side but at the heart of washington's narrative is that huawei could be forced by beijing to build him back doors or hidden methods of accessing data into his products that would enable it to spy on foreign competitors steal intellectual property or even shut down foreign infrastructure remotely and i have to feelings on that because in the article does mention snowden and his revelations and one thing in terms of this seems like projection because they're saying that it could be used to steal intellectual property or have competitive advantage for their own national industry which of course was apparently done against brazil in petro bras and with our own spying technology but in terms of well as they say that ultimately southeast asian nations say that they calculate that they have to import a five hundred technology anyway because they don't make it so who would rather have spying on you china or the u

and china. i think the market has run to run. people will be allocated within china. precisely what we are doing, selling the winners, buying stock that has even less behind it in this type of rally. i think that is pretty natural. overall, i think we think that the outlook remains pretty strong. yvonne: we had that property coming out of china for march. 0.06% month over month. the property market seems to be picking up as well. you mentioned about picking up some of these laggards. the property stock has been on a tear. are you going to rotate other sectors now? sarah: we have, we have taken some profit out of property. we are still active in the property space. if you go back a year ago, chinese property developers are complete dogs, nobody wanted to on the stocks. they had a very good year. we are really careful about what we all. we want to make sure we are in the large-cap liquid developers. the better quality developers that have lower gearing. these kinds of properties are operating in tier one and tier two cities. you have to be careful what you on. you can t

, new china was founded. we chinese have since stood up and held our future in our own hands. [applause] pres. xi: over the past seven have, basedin china on realities, constantly explored the way forward to practices and have succeeded in following the path of socialism with chinese characteristics. today, china has reached a new historical starting point. however, we are keenly aware that with all we have achieved, there are still many mountains many shores to navigate. continue to advance along the path of socialism with chinese characteristics, deepen sweeping reforms, pursue quality development, and expand opening up. we remain committed to peaceful toelopment and will endeavor build a community with a shared future for mankind. forward, china will take a series of major reform and opening up measures and make stronger systemic and structural moves to boost higher-quality opening up. expand market access for foreign investment in more areas. fair competition boosts business performance and creates prospe

in china.onsumer inflation jumped in march. the biggest increase in more than a year. while the trade talks rumble on, exports jump 14.2% in march from a year earlier. falling imports. the trade surplus balloon from the previous month. strong credit numbers with aggregate financing exceeding alexa and its. a trio of strong data points today. much higher than forecast. retail sales, it .7%. 6.4% was the number that got stamped on the bloomberg. joining us now to put it in context, our guest. chief portfolio manager of ark capital management in dubai. and a senior economist at anz. let me ticket to the economist first of all. good morning to you. you upgrade your growth target this morning on the back of this data. how much believed you put in the data that's in front of us? it's quite stupendous. >> right. ,n terms of the data today there are three takeaways from our side. the first is the 6.2% gdp growth for q1. it's in line with our expectations. we expect the growth to pick up from q2 onward.

and china. north korea sought rapprochement with china as leverage to bring truck to the leveraging -- negotiating table. in the same way, north korea uses the dialogue to put pressure on china. along with dialogue with the u.s., north korea is also developing inter-korean relations a red this forced china to intensify its diplomacy. north korea has reminded china of its energy. china seem to take a reactive position. north korea is of particular interest to china as a territory and cheap negotiations with the united states. faced with an american president, we need to talk with the north korean leader, china felt its need to restore its influence over north korea. at the same time, while china considers the peninsula's influence, it is not interested in any significant changes. it benefits from maintaining the status quo. for this reason, china would not favor north korea establishing closer ties with the united or rok. it would seek to control or interfere in the current process. experts say e

and china is just bigger and it has more products so what does china have to do. with when china faces certain the restrictions and attempts by certain countries to slow down its development what does china have to do in this situation china has to strengthen the fundamentals of international economic relations international trade and create conditions for promoting these goods how should china do this it should develop a transport infrastructure poor it's a. railroad through the trucks roads and this is what china does the choice that's how it all started and then it became obvious to the chinese leadership and to us as well that this is not enough that we need to strengthen the fundamentals of the international treaty international economic cooperation which is russia interested in the off course we are with your growing trade of course we are interested and we want to use our transit potentials more we have the trends siberian line we have the baikal more reliant on. you're going to invest a lot of money down with it so we plan to build new roads and we plan to

a long time china. joins us now what these actual stimulus measures and why could they backfire well with the trade war weighing so heavily in china they've introduced various measures they're investing in infrastructure to do all this they're making it easier to borrow money so they're cutting reserve requirements and cutting taxes for some corporates and trying to get everything to two to help boost the economy how they could backfire is because as you mentioned the government to china is already saddled with quite a lot of debt so it needs to try and balance the need to do this stimulus but also to make sure that it doesn't like things to run out of control as the o.e.c.d. has worried it certainly goes the idea of the building at a time that its economy is shrinking this is something china has done many times on that it helped bail out the global economy in many ways in two thousand and nine and it has got the right idea the problem is always finding this balance between letting letting the corporate

we're going to win the war china and russia and others are prepared to win that war. well. as an aside regarding this i recommend that everybody read michael hudson super imperialism because he talks about this in fact the u.s. does prefer very high oil prices because it requires more dollars to be sent overseas and then there for them to buy more bonds like fannie mae freddie mac. bonds and u.s. treasury bonds so they need said more and more dollars overseas so that's one thing about that but i also want to turn back to that big and the reaction to the federal reserve bank and their minutes because another part of that tying to china is a tweet from joseph young c m e big queen futures recorded five hundred forty six million dollars in volume on april fourth and most of it came from asia according to bloomberg with china seeing a strong o.t.c. bitcoin buys as reported by c.n.n. ledger it seems like the overall interest in crypto in asia is rising fairly rapidly right when gold is unavailable to buy and it's hard to buy gold you know if you're sovereign like china the

much fairer deal for us because over the years we have lost a lot of money to china and china has done very well and i have said all of the time i do not blame china, blame the people sitting at this desk. they never should have allowed it to happen. so it will bring a lot of things back and i think it will be great for the united states and i think it will be hopefully really good for china and for everybody. reporter: what is there left to agree to? president trump: we have things. intellectual property and protection. that are inffs discussion right now. we have a number of things. we have agreed to far more than we have left to agree to. in fact i would say some of the toughest things have been agreed to. we have some things that are easier right now that we are doing. but it is a very comprehensive deal, very complete. we discussed everything. we talk about everything. started they said we would never talk about the lit -- about intellectual property but it has been talked about and highly negotiated. whether it is farmers or technology people, all of them will be really happy and

hey, bob. >> and it's about china. the semiconductor etf just shy of a historic high and that was a year ago and the simple reason is china so the five s&p companies with the biggest exposure to china, hey, guess what? they're all semiconductors, qualcomm, micron, qorvo, broadcom, texas, 50% of it comes from china trade talks have risen and so have semiconductor prices and in fact, semiconductors are the leadership group among tech and cyclicals this year. amd is up 60%. lam research and applied materials and broadcom they're all up 20 to 40% not surprisingly, there has been a very close relationship between semiconductors and the china stock market itself. look at this chart the semiconductor etf is up 20%. shanghai is up 28% and the two have been moving in lockstep virtually for the entire year. the markets are pricing in a lot of optimism here and broadcom, for example, is a big apple supplier and we know all about the softness in china where apple gets 20% of its revenues and the whole play is based on stabilizing

china is big china a sponsor china is trying to change. the nation is striving for power to become the technology of the world. and road initiatives in twenty first century. it's been called by the rich chinese marshall plan dates back to complain dominance does the trade got the. better so. we cannot let mutual suspicion. so we get the better of us. you're one straight but. this has to lead to aggressive prosody that we're still struggling to achieve using them much fun not. nice outside. european industries are increasingly falling under chinese control. it is going to play european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who play. instruments spying on europe. none of us is naïve. china relations facing new challenges time. the only one on hardball and you said you were looking for the closest possible relationship right here or should we disreg

and one point five percent for china. do them up. the self-inflicted wounds the tribute void to the gods messages clearly aimed at american and chinese trade representatives in the weeks now they've been trying to find a solution to this simmering trade conflict the clock is ticking and international economists hope to trumpet ministration who heat the warning. all right for more let's bring in john milton my loan at the franklin stock exchange good morning to you janelle amid all the doom and gloom the market holding up. good morning monica well pretty well considering the docks appears poised to follow the lead of asian markets which of course have been boosted by optimism over a potential u.s. try and china trade deal now of course there's been a lot of news for the markets and i just this week that outlook just being one the deadlock over brags that being another all of those of bad news to be sure but none of them knew bad news and these are these are ongoing developments and investors are very familiar with this narrative alrea