-china problem. what dan outlined at the beginning, it shows, hey, this is a free world-china problem. and it's going to require a great deal of international cooperation. it's ongoing and needs to be expanded and so i think that we can compete effectively, certainly if the world's largest economies come together, and tell china, hey, you're not going to be able to remake the world order in a way that's favorable to you and unfavorable to us. you know, there's the saying that, you know, that the phrase that that president obama used during the last days of this cooperation engagement strategy that was a hopeful strategy that was not really grounded in reality, which is that we have more to fear from a weak china than a strong china. well, we're not trying to keep china down, but we do have quite a bit to fear from a strong china under the direction of the chinese communist party. so, it's just going to require us to be much more competitive. >> we have an avalanche of great questions from people part

china's cyber bullies channel on all. china's could be catastrophic . china has strength of our economy. china is a threat to us supply chain security persistence was whereas businesses are world leaders in 's role you encounter. i said medicine, contaminated cosmetics auto parts and a few massive volumes as family of prc exploited the crisis by sending us a dvd directly hurting american citizens. foreign investment has proven to be right. china continues to pursue his investment to gain new technologies but it can produce domestically to develop its own field and secure access to critical supply chains. american companies are going out of business due to the unfair practices used by china in harming the likelihood of cows to hollow out on the other, the industry are critical to employ millions to the persistent and enduring threat was my chinese business tactics. china wants our visa systems to advance its military using a wide range of government, non-private actors and. they use visiting professors scholars students to steal information and replicate

even though that is the narrative in the region is all about china, china, china. my book tries to kind of wrestle with that distinction. now just to conclude, then we can get into our conversation and question-and-answer period, looking to the future i see for possible scenarios. first, further bandwagon and with china. second, continued soft rivalry between these two powers as i described it. which can lead to competitive coexistence. third, a harder rivalry a polarization of the region between the two major powers. and fourthly, kind of a more neutral hedging. so ray, maybe you could put up that one slide i have two illustrates where i see the region today. now this slide is a snapshot of the presence, 2020. as i see it, long spectrum over these countries fall in general terms of their orientation. the book describes the metrics for this judgment. legacy most the country seven of ten or on the side of the neutral line. three are on the american side of the neutral line. i'd like to know even those three are not out towards the left hand end of the spectrum. : :

i focus in china, in the wealth gap, in china may, the village, in the southeastern part of this province and typical factory, just up the river, in the factory cluster in china's perl river delta. when i was 21 when i met him, for five years he had been a true migrant, he worked in shanghai and a big coastal city not far from shanghai but a number of different jobs when i met him, as you can see here, as a welder in an electronic component factory in the city, his girlfriend, comes from a migrant worker, in province, for migrant workers. they met their. in this small village, share the same surname that were distantly related in smaller villages in china, the best jacket, i met her outside the factory she was working in several months earlier, met her again, for two reasons, one was to help her parents with the rice harvest, the other was far more important, to renew her identity card. it that point going back to the year 2000 migrant workers in china were vulnerable to local police authorities, with proper documentation with up-to-date identity card, put into black jails held for ransom

china because china has always regarded — china because china has always regarded taiwan _ china becauseakaway province, and result— regarded taiwan as its breakaway province, and result has- regarded taiwan as its breakaway province, and result has been. regarded taiwan as its breakaway. province, and result has been shown to take _ province, and result has been shown to take taiwan — province, and result has been shown to take taiwan back _ province, and result has been shown to take taiwan back before _ province, and result has been shown to take taiwan back before too - province, and result has been shown to take taiwan back before too long, aithough _ to take taiwan back before too long, although we — to take taiwan back before too long, although we don't _ to take taiwan back before too long, although we don't know _ to take taiwan back before too long, although we don't know yet... - to take taiwan back before too long, although we don't know yet... in - although we don't know yet... in terms _ although we don't know yet... in terms of— although we don't know yet... in terms of ta

china now accounts for 51% of global production, china's share of global book, 57% in may china not only sold 35% of the world entire supply but accounts for 70% of global production, chinese enterprise calculated roughly 83% of the global real market and fiber-optic cable and 51.6% share in 2019. they can swing prices, prevent domestic entry and 205 remedies thapped against firms in china of the u.s. alone. each of these orders represent the recognition fort china's committed illegal trade practices but during the three years, domestic industry lost jobs, cut benefits or lost market share. u.s. government should respond to china's capitalism through policies and investments directing an economic power with economic reform. we are at $22 trillion economy and civil investment allows it out the door whether it the next generation of medicine. accordingly infrastructure as indicated. 2019, 2.5% of gdp on infrastructure, downplaying from 4.2 in the 30s, 8% of the gdp. filled out the critical roles and improve education, union members, american workers are guaranteed the next tax dollars will

china tensions.l security advisor ryan o'brien commenting in a statement saying that the u.s. is examining further options to respond to china. week's,he last politicize arrest of 60 people former elected officials for exercising their political rights under the basic law is the latest of many successive nails beijing has driven into the coffin of hong kong's democracy. coming from a statement from the national security office, talking about the trump ofministration declaring -- hong kong's free and open society at the hands of china. notsteve, it really will have relations, the fact that we have more controversy over taiwan. what is the trump administration doing now? stephen: it is well those comments data set -- it is interesting those comments. the u.s. has accused them of meddling in hong kong. the biggestviously perhaps flashpoint for u.s.-china relations in east asia. any other week perhaps this could be the world's top story. the united states essentially and according to mike pompeo, the u.s

china and china is not one cent of china g.d.p. growth and china china is also leave 800000000 people out of private accounting 70 percent of. war poverty level so they have a contribution in almost a total war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think was on the ward you know the west encounter neither be more tolerant of china if the chinese do while you know like there is obvious server doesn't matter it's all white cat black cat as long as it catches mice with a contribution to the 31 3rd of the world g.d.p. gross you know never become a. conqueror any. continent or countries or sending troops to other countries or fighting in advance like i want them to when you examine your call for more tolerable example for example for my last dollar that's the french that no but the but also you know how lonesome a $10.70 weakest locked up in riyadh so-called reeducation camps tolerance of persecution of christians is that the kind of tolerance that you

he said repeatedly that a stronger china is a better china.the united states. that is certainly not a consensus view in washington anymore, it's not even in the view that barack obama has, but the question now becomes when he is the most powerful man in washington, what is he going to do? were gonna see a reversal of a lot of the top policies that were necessary that were implemented by the trump administration and designed to check the rise of china and growing chinese power around the world. for many, his rule feels like a communist throwback. that isn't just a concern of the people who live there, but the whole world should be on alert. that, when we come back. stay restless with the icon that does the same. the rx crafted by lexus. get 0.9% financing on the 2021 rx 350. experience amazing at your lexus dealer. because of the research that i've started to do on ancestry, with documents, with photographs, i get to define myself through the scores of people who lead to me. bring your family history to life like never before. get started for f

and china and china is not one cent of china g.d.p.ross and china china is also leave 800000000 people out of property accounting 70 percent of. war poverty level so they have a contribution in almost a total war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think also on the world you know the west encounter neither be more tolerant of china if the chinese do well you know like they obviously have a doesn't matter it's all white cat black cat as long as it catches mice with a contribution to the 31 3rd of the world g.d.p. gross you know never become a. conqueror any. continent or countries or send in troops to other countries or fight in you know that's what i want done to when you examine your call for more tolerance example for example for my last dollar that's the french that i know but the but also you know hundreds in a 10 tolerance a 1000000 weakest locked up in riyadh so-called reeducation camps tolerance of persecution of christians is that the kind

china is succeeding. where are they succeeding significantly, it is in the corrupt regimes. ... >> the exposure of the pernicious forms of aggression and then and it was a groundbreaking connection showing the full range of the parties and voted out of government because of the corruption there there was political backlash many examples of successful of chinese aggression but they are doing and we have to be concerned that we can compete effectively the united states and other societies. >> i really love the way that you frame the choice not between the us and china but sovereignty and servitude that is really powerful. interested in both perspectives of the relationship dynamic between president xi and kim jung-un with the nuclear posture. >> i think hr has some insights and i word say they are both very frustrated with one of a on - - one another and to hr's point where global order does china want they have articulated it in a has a lot to do with to be servile but korea and vietnam in particular is sa

beginning with china u.s. policy on. china want. welcome to. join us now even as the united states was bringing in a new administration on tuesday china was slapping sanctions against the old $120.00 eight's top officials of donald trump's administration including former secretary of state was sanctioned by china for colt lying and cheating the measures have been described as unproductive and cynical by biden administration officials the new sanctions underline the fraught relationship between both countries and if he needed any indication of how it can develop over the next 4 yes' president biden's nominee for secretary of state. had this to say during his senate confirmation hearing i also believe that president trump was right in taking a tougher approach to china i disagree very much with the way that he want about it in a number of areas but the basic principle was the right one and i think that's actually helpful. and there were other indications as well from blunt about the future u.s. stance on key issues with china secretary pump aoe d

we're joined now by fabienne crash were a journalist in china and currently in china has sealed off 2 cities following covert outbreaks leaving 20000000 people under strict lockdown how great is their fear that the virus will actually spread well actually had one for example i've not so affected by it but it is the feeling in the ring around the chinese new year that in mid february and the holiday season when usually more than 500000000 chinese on the move that traveling to their hometown and visiting relatives and for me it sounds like it is happy because the yet what the chinese new year season when things got out of control and the virus spread pretty hot within the country i already know from my thoughts those who work in state owned companies to cancel their visit family and i'm expecting if this remote drastic turn of events for the better then that will be a really big travel warning genoa trouble wanting and for the people in a province of the province if they already now go trying to go to beijing they have some problems so yeah it's quite dramatic. so i mean china of course

of china. it just fell apart. both mongolia and tibet are independent. so, when you look at mongolia today and especially when you look at tibet today, this is the last time they look back and see themselves as independent nations. and china was so weak that it could not do anything about mongolia and tibet. and that land in between those two places is where the problem that the chinese are having exists today. sun yat-sen is a medical doctor and has not put together a military backup. so, yuan shikai who had been a general in the ching dynasty's army and had his own army the beiynang army and begins a military dictatorship. he actually tries to start a new dynasty. but in 1916 he is dead, there's an argument that he was poisoned but he's no longer the ruler. back up a couple of years. to 1914. and this is when the japanese with their british allies take on the german concession at qingdao. the chinese asked to take part, wanted to take part and really wanted once the germans were kicked out to

to china you do generally see. in a proven in the economic picture as are the coded numbers you know that as you know that the way the carbon numbers are reported in china does bring some questions as to how they are reported nevertheless if you do look at the 11th activity in the economy level movement of people across the economy it does suggest that at least the overall the high level picture of the cape situation in china is accurate ok catherine talking about china and economic activity there aiming to double the size of the economy by 2035 that's a big goal is it possible catherine so she i'm doing analysis at the end of nasiriyah and in his 5 year plan all the government's money if so achieving that kind of growth we would have to see china grow roughly 4.7 percent per annum which is probably somewhat achievable so to get the structural story behind china remains very much intact and by that i mean high incomes household wealth this is the shift urbanize a shift in the rise of the chinese consumer and this i

of china. it's cultural. probably the most famous novel in china is "ah q." by lu xun. i'll show you another slide in a moment about the importance to the chinese. the other thing is vernacular chinese. there was an attempt to get literature out to the people. to get literature out to the people, it had to stop being written in the classic manner. and so the idea here is to write magazines and books that can be read as normal novels, like we would in the west. you didn't have to read them in a foreign language which was ancient chinese. and one of the big issues here were the repudiation of confuciusism. that's going to be a theme throughout mao's reign because it was seen as anti-egalitarian. it was based on a set of superior and inferior relationships. and so it was one of the targets. boycott of japanese goods, that students understood who the problem was. the problem was twofold. the problem was the japanese. and the problem was governments in china that were too weak to oppose it. and that

china is goingt, to have uh experts entering china.are going to have to quarantine for two weeks and then they can start their work. it is a big step forward. public issued a rare rebuke of china last week for delaying travel. all of this reflects global concerns that china is obstructing efforts to find out how this virus came about. itm china's point of view, is not to fully engage with the notion that all of this stems from china, that china is to blame. question, how much can the who achieve? beijing has controlled all the research, all the data. >> from china's point of view, they have shared with a have. they don't have a lot either. i think we need to bear and mind -- bear in mind we don't have clarity on how many viruses including sars, lots of viruses that have come into the human population, how they came about. we do know china has pledged to taken.amples that were they are going to share environmental samples they collected and they pledged to share what they know about the expeditions to back caves around china -- bat cave

and china?ked about a trade war for a wild but we have seen even in the last weeks and days of the trump presidency that the pressure continues to pile onto chinese companies. do you expect and easing in that relationship? -- an easing in that relationship? do you expect that to continue this year? >> thank you for raising this question because i think given that the market has been largely ignoring the progress of the trade war, we want to highlight that china has really been lagging behind in terms of implementation. given a new biden administration, we see some uncertainties in the u.s.-china trade and technology relationship. we think the new administration might be adopting a much more systematic approach towards china which may introduce much more certainty in terms of negotiation and progress in managing the relationship, but that does not mean the u.s. is going to go easier on china. we do see much more risks coming from especially the tech sectors when the u.s. is trying to leverage his

the 1st act of a deep crisis with china. if you would walk away without doing this or that and i really made the decision but we're not to do any business while we're usually doll made contact united states is fighting us with force and determinations we didn't expect them to hit so hard you push. how did it come to this how did the chinese telecom company while way find itself involved in new technological and geopolitical war. we're now in an era where technology artificial intelligence quantum computing telecommunications and cellphones are the commodities that are driving conflict at a global scale. the reason behind america's anxiety regarding one way is that its activity reaches much farther than telecommunications he who dominates will undoubtedly dominate a large portion of to moore's economy. a 5 g. network deep sea cables facial recognition cameras the cities of the future. is weaving a new technological web the covers the whole world. while away is something that's very dangerous you look at what they've done from

was able to provide leadership for over the reluctant consent of china china was offended was upset was insulted and this will come back to haunt the w.h.o. and the world to this day. 3 years later the sons convent of iris completely disappeared and the w.h.o. had appointed a new director general. margaret chan who had come to worldwide attention as director of health in hong kong during the sars outbreak took over as head of the organization. i would like to thank my country for nominating me to this post. and also i would like to thank the hong kong and macau special administrators regional governments along with the central government provided me with a lot of support during the 3 months of a campaign trail. margaret cho and was a statement of intent by beijing the w.h.o. was a prime objective in its international strategy the new director general had a new and extremely powerful instrument at her disposal to reinforce her independence the newly composed international health regulations revised and consolidated in 2005 by the member states of the w.h.o. . which always assume a remote

and china. well it means a few things 1st of all you have to consider the fact that when we're talking about the u.s. and china and china has been taking as we've talked about on the show many times before a more prominent role worldwide and what does that ultimately mean well it means that more finance is being directed their foreign investment is being directed there and the converse of that china is making greater investments worldwide into other countries their road and build initiative obviously has been able to really expand their reach and influence around the world certainly with countries around the world that in the past the united states have more influence over so we're really watching kind of a shift in that in that power dynamic the u.s. which still holds the world's reserve currency i don't expect to see that change anytime soon but what we still hold that the u.s. finds itself increasingly running behind china and that's somewhat problematic especially if you're looking at the fa

and china. i think that does raise some major questions about how you handle this complex of relations. because, certainly, president trump did not want to coordinate with the european union on china. he repeatedly said, this is about the u.s. relationship with china, i'm not going to do all the heavy lifting and then have you take advantage of it. he didn't see the european union or even some individual european countries like germany -- the u.k. was extolling the idea of a golden age of u.k. relations with china -- as a partner on this. i think that does raise some questions, particularly in light of the e.u. investment agreement with china, about how we work this out. let me ask ian, first of all, about -- obviously, there has been a lot of heavy breathing here in the united states about that agreement. there was a tweet from jack sullivan, obviously in a mild way because of the restrictions on the incoming administration being able to engage in any way -- any formal way with foreign counterp

how much of the landscape of china. how much do they have on this whole mess of the chinese capitalism. an interesting point to make. i don't see that happening now in most cases it is a nationalistic issue and i think the average mainland it feels resentment towards the protesters and hong kong. they were tremendously a source of worry the party and sovereignty above all is an issue that animates them going back to the history of becoming colonized 100 years ago. it would bring more people to the streets and there would be a strong reaction globally including from the u.s. and china made the calculation that it was worth it because they are so concerned and so worried about losing control over this key part of china they decided we are going to go in really heavy-handed. >> we have had a good shot at this point about a lot of things bubbling under the surface for quite a while. but it's basically shaped our whole reality in the last year which is the pandemic, the coronavirus. how has this sort of accentuated or change

treaty allies against china that is something like 59% of global gdp against china, they are workingtogether and were in a stronger position and that's a major advantage that china does not have, it does not have friends and trusting partners. >> i think that is a wonderful place to in, did you want to add in the final comment on that topic. >> thank you for that. >> thank you so much tom for the conversation today and we would like to think the center for hosting this discussion and go check it out and thank you again for today. >> "washington journal" every day we take your calls live on the air of the news of the day and we discussed policy issues that impact you and coming up tuesday morning executive director for women's of america first discusses the term probably in washington county the 2020 presidential election results in edward with the election law ohio state university will talk about the challenges to the 2020 presidential election, watch she's been "washington journal" live tuesday morning and join the discussion for your phone calls, facebook comments text and tweets.

front china -- from china it may be a warning shot from china not to continue down this path, we willto see. confounded,e left as we have seen with china telecommunications companies, the flip-flop club on the new york stock exchange last week and the delisting starting yesterday. kathleen: a lot to keep your eye on and we do not know what joe biden is going to do. that will be a big story for the first part of 21 when it comes to china. when we look at the markets what we are hearing from big , just this week. far as a biden administration's view on china, he has been tough on china as well. he also, as a senator he signs that 1979 s-taiwan relations act , which put into place these protocols, which the trumpet administration is now or partly in direct contact unwinding. it will be interesting to see the china policy from the biden administration in the early days of the administration. on the telco companies, we have seen a number of banks and money managers talk about disinvesting in these telco companies to comply with the deadline, overnight january 11. it is january 12 here in t

china and china is not that wasn't of china g.d.p.ross and china china is also leave 800000000 people out of property accounting 70 percent of. war poverty level so they have a contribution in almost a total war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think was on the ward you know the west encounter neither be more tolerant of china if the chinese do while a lot like there is obvious server doesn't matter it's all white cat black cat as long as it catches mice with a contribution to the 31 3rd of the world g.d.p. gross you know never become a. conqueror any. continent or countries or sending troops to other countries or fighting in advance like i want done to when you examine your call for more tolerable example for example for my last dollar as the french that i know yeah but the but also you know how lonesome a $1.70 weakest locked up in ri and so-called reeducation camps tolerance of persecution of christians is that the kind of tolerance that you'

in the next 4 years for china in the u.s. it's really a competition of winning more friends and from the e.u. china a comprehensive investment agreement to the r. e.c.p.a. involving many asian countries china has tried to prevent the u.s. from joining forces with its allies so the biden stray ssion can expect beijing to be more and more assertive on the international stage as a world leader and using its mass market and this rich resource to win more friends and pressure those countries that don't agree with them so they're in taipei thank you. it is time now for a look at some of the other business stories making news in south korea the billionaire de facto head of samsung j.y. and levy has been jailed for 2 and a half years on corruption charges this comes after the high court in seoul overturned lee's original suspended sentence because bing insisted the former president park geun pig in $27.00 t.v. . reports say the trump administration has told companies including chip maker intel that it is revoking certain licenses to

and then the narrative is all about china china china so it looks like to wrestle with that distinction and just to conclude and looking to the future before these possible scenarios continued soft rivalry between the two hours that i describe that could lead to competitive coexistence and the high - - the harder rivalry and then a more neutral hedging women who can the one side to illustrate that this is a snapshot of the president as i see along the spectrum and general terms of orientation to describe the metrics you will see most of the countries are on the chinese side of neutral and you on the american side and even those three are the left hand into the spectrum may have substantial relations for all three cases and they are close to being neutral to those powers and in the assessment closer to china that is the snapshot of a bandwagon and in that region i just think it is overstated. but it is old and dynamic and two years of our six months from now there will be more movement viewers and readers need to understand it is a fluid situation and it can change because of two things.

and china the u.s. has some major issues with china and right now the u.s. wants to hurt china so badly that they're going to hurt america in trying to hurt while way and that's really a shame it is and right now the trump ministration is trying to move forward with these chip regulations to block shipments from the world's largest contract chip maker taiwan t.s.m. c. and that's always one of big always biggest chip suppliers so it's all even prepared for something like this to happen there we've been very working very hard on the so-called plan b. i got back from some very intense meetings in china more than 2 weeks ago and saw the progress that we're making right now we're selling our 5 g. equipment around the world with no american components as you may know more than nearly $300.00 american companies want to sell the water we spent over 11000000000 dollars last year this can impact $40000.00 american jobs directly so these jobs are on the line if america decides for some unknown reason they're not going to allow american companies to sell the wall which

china and china is not one cent of china g.d.p. gross and china china is also leave 800000000 people out of property accounting 70 percent of the world poverty level so they have a contribution in almost a total war but i think you know we need to really explain that well and then probably we need to have a better. look at china because i think was on the ward you know the west encounter neither be more tolerant of china if the chinese do well you know like there is obvious server doesn't matter it's all white cat black cat as long as it catches mice with a contribution to the 31. 3rd of the world g.d.p. grows you know never become a. conqueror any. continent or countries or sending troops to other countries or fighting in advance like i want them to when you think that your call for more tolerable example for example for my father it has to finish that no but the but also you know how lonesome a 10 tolerance of a 1000000 weakest locked up in ri and so-called reeducation camps tolerance of persecution of christians is that the kind

the 1st act of a deep crisis with china. connected with huawei did not do it for them and i really made the decision it's like simpler not to do anything that was what we usually doll made but by june ited states is fighting us with force and determination we didn't expect them to hit so hard to push. how did it come to this how did the chinese telecom company way find itself involved in new technological and geopolitical war. we're now in an era where technology artificial intelligence quantum computing telecommunications and cellphones are the commodities that are driving conflict at a global scale. the reason behind america's anxiety regarding one way is that its activity reaches much farther than telecommunications he who dominates will undoubtedly dominate a large portion of to moore's economy. a 5 g. network the cheap cables. facial recognition cameras the cities of the future. is weaving a new technological where the covers the whole world. while way is something that's very dangerous you look at what they've done fro

and china. all of our questions are really putting the e.u. back in the relationship with either the u.s., traditional relationship going back to world war ii and during the cold war, and then thinking about a new relationship with the e.u. and china. and it is actually giving the european union a little less agency in this. you are describing in many respects an e.u. that has seen -- that is an amalgamation of independent sovereign states but as a sort of separate power trying to secure its own sovereignty and its own place in the world, and then interact with others, but is not defining itself just in terms of the relationships between the u.s. and china. i think that does raise some major questions about how you handle this complex of relations. because, certainly, president trump did not want to coordinate with the european union on china. he repeatedly said, i'm not going to do all the heavy lifting and then have you take advantage of it. he didn't see the european union or even some indivi

china mobile and china unicom are seeking a review of this delisting.nt to take the company and shareholders. they want the review on january 20. plenty more to come. this is bloomberg. ♪ his is bloomberg. ♪ haidi: before we get a check of the markets, we have a miss when it comes to japanese exports for december. 2% rather than 2.4% as expected. a big fall of over 11% when it comes to the import number. let's get a look at the markets with sophie. sophie: lower reaction in the yen. singapore open to the upside. we are waiting on the boj decision. moving to the upside after u.s. stocks went to a record overnight. checking australia, the asx at an 11 month high with tanks and tech gaining ground. energy shares under pressure, below $53 a barrel. gold producers in sydney are gaining ground. trading 1870 this morning. some lift overnight for gold. this rebound in aggregate commodity prices has been a boon for commodity related equities. projections are signaling caution for optimism of the 122 msci materials index. 82 are expected to see prices rise. the a

more than china.eijing says action against chinese companies will undermine america in global markets and u.k. government is warning the latest drivers locked down will last for several months as reported infections hit their highest levels since april. boris johnson called parliament that pandemic restrictions will be lifted only gradually as the situation changes. the lockdown is expected to sla sh the u.k.'s economic growth. rising virus numbers in japan are expected to trigger a state of emergency in tokyo. local media say prime minister suga will impose new measures which will last at least one month. the move empowers authorities to keep people at home and order businesses to close or limit their operation. bloomberg economics use the emergency cutting .7% off national gdp. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haidi. china's leading coronavirus effort

this comes four days after the nyse said it would remove shares of china mobile, china telecom, and chinacorn. jeffries called this u-turn bazaar. -- bizarre. saudi arabia is reopening its borders with qatar. leaders in the region are planning to meet. iran has seized a south korean tanker hours before announcing it will ramp up its nuclear enrichment. most opec members including saudi arabia are opposing russia's proposal to hike supply. discussions continue today to give the group more time to resolve its differences. it casts doubt on an increase of 500,000 barrels a day the market had been expecting for february. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. anna: england's and mainland scotland are once again under a lockdown as the u.k. struggles to control the virus. more than 50,000 cases of the virus have been counted. boris johnson said the weeks ahead will be the hardest yet. the country of already under extreme measures it is clear that we need to do more together to bring this

there is a lot of criticism over china's behaviour, i south china, hong kong, i part of china, beijingomething about its own territory. there is a lot of criticism over china's behaviour, i but a more difficult question i for western commentators is, for a country of china's size, 1.4 billion people, _ its economic power and weight. what are the legitimate rights for a country— what are the legitimate rights for a country like — what are the legitimate rights for a country like that? _ what are the legitimate rights for a country like that? - we have seen a lot of| criticism, but not a lot of constructive suggestions — what type of relations - we want with china . in the years to come. i think that's going . to be a more difficult question for the decades to come, perhaps. - a lot of scratching of heads well beyond this celebratory year for the chinese communist party. the vaccination programme was boris johnson's justification for visiting scotland this week. why did the prime minister need one? because the pandemic restrictions imposed by scotland's government — to which powers have

and china. flooded chinese government like we set it less china relations sed i think the washington side will see a continuation of that relationship but a different style. but you said that the chinese government is also looking for a reset what do you mean by that. well the chinese government really has been very unhappy with the way how the trump administration's been dealing with china particularly in the last few weeks of the trump i mean astray shouldn't be over it nice it keeps on and relaxing control but meetings between u.s. officials and the american officials as well as the classification and all of what happens in shin john as a country all for genocide when it comes to the ties between the united states and china do you think that the direction the future course of ties between these 2 nations will influence how the u.s. approaches it starts with other countries in the region. i think it will go. where i think we have to is a new administration in washington which recognizes that a

are we on the verge of a hot war now which china and if there is a war which china be the end of life on earth look you know it is the the reality is the united states hasn't won a war since world war 2 i forgot about grenada you know. and you could sort you could see the brilliance of the united states military the police in what happened in washington on january 6th so the united. helped out what is it called the afghan war which is only going on now for 20 years now we get in a war which china it's over it's over but the wars that i see that we have to start worrying about it going to start breaking out in the middle east as tensions keep rising around with ethiopia uganda congo libya syria turkey again when all else fails they take you to war israel which is going on with netanyahu running again and again and again and being brought up on charges that he can't still can't face now that doing it so are more concerned about that because the united states knows that if there's ever a war with china it's the end of the world so let's take a little bit into u.s. dollar policy foreign p

-china relations.the form in which these will be administered will be different, with a more multilateral list approach -- multilateralist approach, a more predictable approach that will bring more stability to the relationship. the united states under biden is not going to get easier on china, but i think it's going to try to bring china to the table, together with u.s. allies, to discuss things which are very important for them all. one advantage of this approach is that we're goin gto s- -- going to see much less cause for accidents and misunderstandings. this is important for the world. i think that this stability will be very good for everybody. >> how concerned are you about recent developments in hong kong ? >> well, hong kong will continue to be a very important international financial center. they are -- there are tensions there, but we have been very supportive of hong kong as a place to do business, and what we hope is that calm can be there for the medium-term, and we will all benefit. >> w

and china policy.i got a 1,500-dollar honorarium from the university for spending several days engaging with students, talking with students about careers in the foreign service and talking about issues related to africa. i expressed to the committee early on my strong and frankly unacceptable what i saw in terms of what the confucius institute was doingg in georgia. i saw them engaging in poor black communities with the poorest of people. it's the same thing that i've seen in africa and i was appalled by it. and i've expressed my strong regret for having given that particular speech at savannah university and if i had it to do all over again i wouldn't have accepted. i've spoken about china for 35 years working across the continent. in 2005, i raised the concern about the chinese sending back north korean defectors. i raised concerns about how the chinese engage in africa and how they are maligned in influences and efforts have undermined the prosperity of the african people. and i see what they are d

a challenge from china. that wed not forget need china to participate in many international joint initiatives, be it climate or in relatedwe see developments china has been doing. we need them on board for global arms control, artificial intelligence, and military buildup. there is a set of things where we need china to be a part of the solution and not just look challenge, as others put it in stronger words. formalizing partnerships and not including china may create some where itxclusive clubs would be more difficult to work with china's issues where we want. we have to find the right type of solution. i would like to say a few words partnerships for we need countries to want to have partnerships. currently the only country in latin america with which we have a partnership is columbia, and they have asked for it. have asked for activity around building integrity and military forces and so forth, need a mexico, it would roll from mexico to have that partnership from nato. nato would be interested and we hav

no that's you there chitchat is published by china c.d.c. used to to a virus the chinese kind of assizes at the chinese are kind of intimate because i.z.'s you can go and check of the cheetah that's a can of january i think you it was reported here it was reported here that the shanghai public health clinic will send. the genome and it was going to shut down one of the newspapers here while you know you have a lot of rumors you have a lot of it give you know something different from from here you go and look ask laska pfizer ask of fire and of by and track they direct that they give you a vaccine go and a check with them where did they get the sequence to sensitize the gene to deliver their a marni vaccine i think that's very clear they claim either are you their publication new in the journal magazine they claim they dolly the secrecies from the cheetah is a global initiative or all you friends of ours sharing is called it's us that's case that. organization for the word to share the you for the virus but let me myself we pick other ways or

china mobile, china telecom, and china unicom are expected to be delisted soon.received notification from the new york stock exchange while the other to regret the decision. in other news, the u.s. congress has met with first time with nancy pelosi winning another term as house speaker. calls for a new generation of leadership. there was no other candidate and she achieve the required 50% of the vote to secure the gavel. it could be a momentous week with members preparing to debate and ratify joe biden's election win. to the u.k., financial firms have won a life line from italy where they can continue to do business even as non-eu companies. rome says it applies to any firms that applied before the end of last year. the u.k. and single market clinched a deal but critics say it accounts for 80% of the u.k. economy. byia's trade deficit jumped 26% as imports surged. inbound shipment rose 7% and exports flatlined. gold imports ballooned more than 80% from december of 2019 while petroleum products on the biggest decline for any commodity measure and pharmaceuticals s

but not china alone. while mr. blinken and i have policy differences, some of them very serious i have confidence in his ability to represent our nation on the global stage. it's important for a new president whether they be a republican or democrat to have qualified senate confirmed officials in a cabinet without delay. over the past week we have worked to confirm nominees for some of the most critical federal departments and agencies are the secretaries of state, defense, treasury as well as the director of national intelligence has each been confirmed byd the senate with broad bipartisan support. we will continue to process more of the president's nominees in the days ahead. four years ago art democratic colleagues approached president trump's nominees with the grab wake up antics including everything from intentional delays to brazen theatrics. in most cases this behavior wasn't a reflection on the nominee or their qualifications but of our colleagues antipathy towards president trump. clearly we are

robust buying in china.ing out the industrial sector has pretty much recovered back to pre-pandemic levels thanks to stimulus. rio aiming to ship a record amount of iron ore in 2021, 325- 340 million tonnes. some of rio other products not faring as well, the outlook for copper was down 4% on the air but beat estimates. rio seeing that rising substantially in the coming year. aluminum rose 4% on the air, seen as doing -- year, and that is seen doing better in 2021 as well. these are the first numbers, but the new ceo on the job 19 days. one of his challenges rio tinto relationship with the indigenous communities after the obstruction of an ancient heritage site. he is working to rebel trust, and call this result a straw dust to rebuild trust and call this performance -- he is working hard to rebuild trust and call this a strong performance. kathleen: things are looking strong today? paul: a four-week high for iron ore, and as long as china keeps this to mila's taps opened the big miners should do well. rio ti