she looked at me, and she said, "if you make china the enemy, china will be the enemy.owerful foreign ministry echoed key grievances in answer to a question about the trade dispute. rory: many of these points go to the independent policy choices of the australian government in a democratic system, including choices to do with legislation, with the funding of think tanks, with the freedom of the australian media, with diplomatic positions australia takes in the international system. so, it's simply untenable for any australian government to concede on those points. and i fear that, in a way, the chinese government has painted itself into a corner. stephen: in the same month that china effectively banned australian barley, another rural export was hit. female: four australian abattoirs have been banned from selling red meat into china. one of the meatworks is in casino in northern nsw, while three are based in queensland. patrick hutchinson: when we found out it was all hands to the pump exceptionally quickly. i certainly was on the phone for basically 72 hours just becau

[000:00:00;00] and why is the main goal of china? this cooperation in such a field with the russian federation was for them to evaluate the strategic tasks of china, and the whole world is divided not only for ukraine against ukraine . not because china likes russia or because there are any sentiments, because it will be a victory for the collective west, it will be a victory for western civilization and western weapons of western ideology, and china cannot do this allow and that's why we welcome a draw because russia can no longer win, even china understands this, russia could have promised the chinese , as well as its viewers, kyiv in three days, but it did not fulfill all its obligations, and a long war with china is not profitable for today and therefore, in order not to allow russia to be defeated, china will help it a little diplomatically, a little with technologies, a little with dual -purpose goods, but no more than that, china immediately spoke here from a refutation to an official spokesman came out a few hours later he li

view of china. so all this money spent, the intention of china's global outreach will be revealed to people sooner or later. >> thank you so much for your time. a rising senior at berkeley so go bears. amb. o'brien: a lot of cal alumni year, this is great. >> i want to turn attention to industry and whether it be semiconductors or at large emerging technology and assertive interest in competition with china. see a lot of action in terms of export control, but we also have seen industry pushback against a lot of these actions the current administration has taken or is planning to take. i think coupled with the fact there are theories at times that pushes them to have capabilities on their own and have less reliance in the west for us, how do you balance the need at some level cooperate with the industry and make sure they're able to be profitable and became this presence in the indo pacific at the same time ensuring we are not furthering china's interest. amb. o'brien: it's a hard question, hard to f

-china rivalry. that was beginning but did not really fully flower until after china had made the strategic decision to engage with north korea, so i think the decision to engage and roll back the clock to restore north korea as a strategic relationship occurred prior to the advent of an increased u.s.-china rivalry but the magnification of the rivalry generated strategic space for north korea to maneuver in the context of things like the breakdown of the security council ability to pass sanctions punishing north korea for long-range missile tests and things like that. but there is another effect that occurred, that north korea, despite its desire to achieve strategic autonomy, in my view that is what north korea's main view was in terms of managing, to generate strategic autonomy of their own triangle with the u.s. and china respectively. instead of achieving that, what they ended up doing was to achieve greater dependency on china. so we are now in a situation in the context of the indo-pacific whe

and also along the coast of china to send the message to china. it is what the mafia would call a protection racket, right? i mean, this is the credit of a gangster movie. you give us what we need and we'll make sure nothing happens to you. that's the deal. good deal for both sides, right? i mean, from nat geo political arrangement, the world's largest chip maker, p. s m. c. was born to yes, i'm say the one that but that's the nancy pelosi met with it solved for us as trip problem. and the us is military solved by one security problems with china. i mean, here's the deal. henceforth, taiwan becomes dependent on the u. s. and the u. s. gets all the chips it needs to control the global tech sector so much so that by 2010, 92 percent of all the us chips are made into 192 percent. then something else happens. suddenly, china and it's economy starts the room while this is going on, you know, explosive growth, the chinese star leading the way in the making of teammates and phones and monitors and computers and kitchen appliances. and uh, you know, autom

how did russia end up in china? he was put in such conditions that it was difficult for him to choose between the bad and the extremely bad, and that is why the chinese representative was forced to come to present his initiative, apparently this 12 step there according to the peace formula , but he understood that the alliance of civilized countries was formed, which will increase the pressure on russia, does this mean for china that he is late for this world train, he can no longer lead the process, so for china it means that he will be forced to change in the near and medium-term perspective, he will be forced to change his concept er. he went there within the framework of the confrontational concept , making statements er that he would take taiwan up to the military path, plus before that he appointed a minister of defense who was under sanctions, well, this is such a diplomatic gesture at the peak of the united states of america , he took many such steps, ah, deploying a confrontational scenario, now coming to t

south china sea, china's influence with many , boosting china's competitiveness, and behavior to influencecratic clinical systems around the world. those problems are exactly where u.s. policy and legislative efforts should focus. but none of these military, people met, or ideological areas of direct contact with china will change from current levels, even if china were to reach the level of u.s. gdp. china's slow pace of growth this unlikely to challenge these areas rather than economic growth boosting the capabilities over time. second, beijing is attending to downplay public recognition of china's economic slowdown inside china and internationally. the most important propaganda message for china's leaders related to the economy is the argument that china's economic rise is inevitable and this will reinforce china's rise in the power status. china believes they can influence the narratives through conventional domestic propaganda but also restricting the availability of economic data of stories they dislike. china's economic data should be understood as critical elements of china's inter

a wrong signals to china and the i wrong signals to china and the chinese — wrong signals to china andthey will feel it is _ chinese government that they will feel it is without _ chinese government that they will feel it is without consequences, i feel it is without consequences, what _ feel it is without consequences, what they have _ feel it is without consequences, what they have done _ feel it is without consequences, what they have done in - feel it is without consequences, what they have done in hong i feel it is without consequences, i what they have done in hong kong feel it is without consequences, - what they have done in hong kong and the threat _ what they have done in hong kong and the threat posed — what they have done in hong kong and the threat posed to _ what they have done in hong kong and the threat posed to taiwan, _ what they have done in hong kong and the threat posed to taiwan, with - the threat posed to taiwan, with consequences _ the threat posed to taiwan, with consequences. those _ consequences. those western countries — consequences. those western countries

south china sea. china's outsized and politicized influence within specific next generation industries and manufacturing supply chains, economic policies, artificially boosting chinese firms' competitiveness and behavior to influence democratic political system around the world. those problems are exactly where u.s. policy and legislative efforts should focus. but none of these military, diplomatic, or ideological areas of strategic competition with china will be changed by marginal adjustments in china's economy from current levels. even if china were to improbably reach the level of u.s. gdp. and china's slow pace of economic growth is more likely to weaken beijing's capacity to confront the united states and its allies in these areas rather than rapid economic growth, boosting china's capabilities over time. second, beijing is attempting to downplay public recognition of china's economic slowdown, both inside china and internationally. the most important propaganda message for china's leaders relat

and the other argument, or the other extreme, is if the china, china is wrapped in the cost of the china does not collapse china most wrapped in others. so these are 2 extreme views of china, which has been going on for several decades. but the problem is, in the real world there seldom. you know, i mean, there are things that black and white in nature, but the western approach to anything internal, personal, interpersonal, or interstate relationship is one of the black and white that realities. there are many, many shades of, of the different colors, different states, and other chinese you lost the approach to the issue is the, you know, if we're different we can work together. this is the confucius notion that the unity of the differences. ready harmony of the differences, the west approaches majority of the same is the us. we are the same. you are like us, your bundle, you know, your cultural, social and religious economics heritage in order to be like awesome, you know, why should i ask, what is in store attractive about the american way of life? i mean, look at the visit to race. lo

from china over the decades invested vast amounts of money and china . so it's a really strange way to be holding china back. this is our base. all right, common belief things from the chinese communist party saying that they're being in circle, they're being held back. it's all life is unfair. and yet they refuse to look at their own actions, which have been very detrimental to buy a lot of trouble. a since with america and with other trading partners, and they've certainly made far knows that target off a lot of their major. so it's not necessarily fair. that's all so well next in this relationship between us and china because china clearly has its own economic problems. back home, you've talks about how the us is, you know, is not looking to be comfortable from china entirely, but relation still remain strain. so why should we be seeing this relationship go in the coming years? is, are they going to get closer together? they're gonna repair these revelations now, or are they getting deteriorate for us as i'm well, i think it's going to remain very str

-china rivalry. that was beginning but did not really fully flower until after china had made the strategic decision to engage with north korea, so i think the decision to engage and roll back the clock to restore north korea as a strategic relationship occurred prior to the advent of an increased u.s.-china rivalry but the magnification of the rivalry generated strategic space for north korea to maneuver in the context of things like the breakdown of the security council ability to pass sanctions punishing north korea for long-range missile tests and things like that. but there is another effect that occurred, that north korea, despite its desire to achieve strategic autonomy, in my view that is what north korea's main view was in terms of managing, to generate strategic autonomy of their own triangle with the u.s. and china respectively. instead of achieving that, what they ended up doing was to achieve greater dependency on china. so we are now in a situation in the context of the indo-pacific whe

i'm glad you could join us. china says it won't publish. use unemployment data until it reviews how the data is collected. the announcement comes over to both of high youth unemployment hovering around 21 percent. the lack of data at the time the china is attempting to rebound from a popular corporate induced economic slump, isn't in spite and confidence overseas and at home. imagine spending thousands of dollars on lottery tickets. many here have done that in this little boop in beijing junk. people are betting on the luck to make money if they can't find jobs in a flailing post. been demick economy. luxury sales and china have increased by more than 50 percent, vis you most likely because of most unemployment affecting young people across the country. with my friends all agree that will be unemployed after graduation. most. i'm so worried when thinking about finding a job, i become very anxious. i just don't want to think about it for now is a freshman i think it depends on the industry you're in, so it's easier to find jobs in the indust

glenn austin and china. i have been discussing a code of conduct in the south china sea for at least 21 years. why don't we have a legally binding court as yet or well, i think it's very important to know the motivation at interest on different policies. in this i think for, you know, a car on got a boss inventories. i really want to have a binding correspondence in south tennessee to prevent country, you know, to escalate all to use them. they do the power to transfer now the country. but for countries like china, you know, as the single most powerful state in the reason there is no point for them to, you know, create reduced by the content. so the content of actually follow the effort to be with the collaboration on the c o, which was fine. and so, but this one was a, you know, not biding. so all the countries of the states. yeah. really wanted to view a legally binding document which is called content. and they have been trying to, these can squeeze to themselves over china to do just come from the all th

and also along the coast of china to send the message to china. it is what the mafia would call a protection racket, right? i mean, this is the credit of a gangster movie. you give us what we need and we'll make sure nothing happens to you. that's the deal. good deal for both sides, right. i mean from nat geo political arrangement, the world's largest trip maker. p. s m. c. was born to yes, i'm say the one the but that's the and that's the velocity you met with it solved for us as trip problem. and the us is military solve taiwan security problems with china. mean, here's the deal. henceforth, i want becomes dependent on the u. s. and the u. s. gets all the chips it needs to control the global tech sector so much so that by 2010, 92 percent of all the us chips are made in taiwan 92 percent. then somebody goes out suddenly, china and it's economy starts the room while this is going on, you know, explosive growth, chinese start leading the way in the making of teammates and phones and monitors and computers and kitchen appliances. and uh, you know,

and also along the coast of china to send the message to china. it is what the mafia would call a protection racket, right? i mean, this is the crack. busy of a gangster movie, you give us what we need and we'll make sure nothing happens to you. that's the deal. good deal for both sides, right. i mean from nat geo political arrangement, the world's largest chip maker, p. s m. c. was born to yes, i'm say the one that that's the and that's velocity met with it's solved for us as chip problem. and the us is military solve taiwan security problems with china. i mean here's the deal. henceforth, taiwan becomes dependent on the u. s. and the u. s. gets all the chips it needs to control the global tech sector so much so that by 2010, 92 percent of all the us chips are made into 192 percent. then somebody goes up, it's suddenly china and it's economy starts to boom. while this is going on, you know, explosive growth, the chinese star leading the way in the making of teammates and phones and monitors and computers and kitchen appliances. and uh, you know,

to china.f net selling. what would change your attitude on china? do you anticipate any meaningful stimulus coming out of policymakers? lori: one of the challenges with china is we will see some stimulus we believe that it won't be enough to stop the decline. we expect this property market rehabilitation will take several years and probably be a headwind for growth in china for quite a bit of time. that is against a backdrop where global growth is also slowing. there is not any release valve for china. we are not very constructive there. shery: lori heinel, always good to see you. global cio at state street global advisors. you can go to tv if you missed part of the conversation and you can go to today's edition of daybreak to find our top stories. dayb . you can customize your settings so you only get the news on the industries on the assets that you care about. this is bloomberg. ♪ paul: hedge fund engine number one jennifer says it is time to invest in u.s. factories and railroads.

where is the china heading, co, china. i'd be heading for a liquidity trap here when consumers and investors are holding cash rather than spending as well. yes. kind of, i'm just kind of what's going on. i mean, um, in a way, um, companies have not really private companies that is not really being hiring a lot of people, not spending a lot of money on the investment. mean, the numbers for private investments have been distorted level back to influenced by what's been going on in real estate, which is, is really bad. and sort of outside of real estate. private companies are still investing a bit, but the numbers are pretty weak. households and not really borrowing, there's been quite a lot of anecdotal stories about households paying off the move, which is not taking out new mortgages. so confidence is really shots. nobody really wants to kind of step redneck. you're over the parapet. i think this is the dangerous, i mean yes, the people just hold cash sit on cash don't want to spend, don't want to borrow. this is a situati

a legally binding code of conduct in the south china sea between china and the 10 member association of southeast asia, nations or also young has been seen as a way of preventing these classes. but 21 years of discussions. however, you did very beautiful, and she has why, on the back to the full control in the south china sea disabilities capturing mo, attends confrontations between the philippines in china just a few weeks ago these incidents leading to another diplomatic dispute. these are just one of many taking place with beijing over these hotly disputed waters. the south china sea is a resource rich globally significant shipping area, most of which beijing can sit as a part of china, as indicated by what it calls the 9 dash line. but several neighboring countries have competing claims that with different parts of the sea and the various islands in between, and they're willing to fight for them. it's basing is actions that have raised tensions, innovation to boiling points in recent years, accused of building legal structures. these ones documented by the philippine military on

china policy. i people have been much more more practical really and think about this and really expect democracy transition to occur time soon. i think. human rights issues are a genuine concern. american people and people in other parts of the world and so they're always going to be the agenda of the relationship. but i my in government gave me lead me to draw the conclusion that the only way human rights treatment is going to improve in china when it's the comes from chinese people and that international community never be able to do this through their actions even you know we can sanction people who use xinjiang cotton but frankly most of the chinese public stands with government and should jail exactly for elite or liberal members of the chinese public small element rule. yeah. so it just leads them buy chinese running shoes rather than western ones to sportswear. so it's not really going to change anything unfortunately. yeah. we should get to this next question, which is interesting. what ar

and however, i think it would really re ignite the debates about china and our relationship with china in germany. if we see that chinese call made because of the subsidized to produce c and also compete with our co make us at a time when the german government, which has just released its china strategy a month ago. and it's really dumpling, down on the risk. and douglas, just in case nobody from china that would really send mix signals. but on the other hand, many uh, misled um and also either your pin member countries, they have read when they attract more investment, right? because ultimately, if the chinese comic is producing this is also creating new jobs, right? so they use a certain incentive to subsidize them. but it could also really heat up the debates in germany a more about what sort of relationship we want to have of china going forward. well, that sounds like it's going to be a very tough balancing act. so greg o sebastian from merricks there. thank you for joining us. thank you. and that's our show for me and the entire business team here in berlin to buy and take care o

, has been operating china for decades and is one of the biggest private employers in china in china. i think you'll be relying on that kind of business where we're going to make the case that he's the best one to manage relations and paging. but do people believe him given that he has this deep uh, business interest with a china? so what is the question again? he responded, sir, yesterday he said he would be willing to sacrifice personal assets in china for the sake of taiwan, who has been a popular figure within taiwan who has viewed as a symbol of ty, we needs business to business success folks kind of course makes most of the world i think that was some support of the support of the manual position policy the core meantime, that were really disappointed when she didn't win the nomination for that policy. but i think the skepticism and that kind of the concern about his kind of just the lives in this page that he can really run taiwan like a business. and one of his opponents has already come out and said that running a government is a very different prospect. again, our on typefac

china's trade troubles. exports and imports fell sharply injuly, sparking concerns for the global economy. taking a bite out of fake burgers. beyond meat shares fall more than 15% because of falling sales. welcome to world business report. we start in the world's second biggest economy, china. that's because the country saw a big fall in both exports and imports in july. it's a worrying sign for the health of the global economy given so many countries do so much trade with china. chinese government data shows that the value of exports fell 14.5% compared to the same month a year ago. that suggests the rest of the world is buying less stuff. the value of imports also fell by more than expected. down 12.4% onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. the figures will concern china's government who are grappling with economic growth. the quarterly growth figure was just 0.8% in the april tojune period as the country continued its post—covid recovery. and last

secretary ramimondo sas china is uninvestable, but china bites back. >> the ceo of abb says he's pessimistic on china and the properties and construction sector, but in an exclusive interview he says he's hopeful for a turnaround. >> china continues to be pretty soft. it's a big market, though, so it's not dead. it's still living there, but not really developing as we had hoped. >>> and hurricane idalia picks up strength as it approaches the coast of florida, threatening to become a category 4 storm while oil producers batten down the hatches and prices become higher. >>> a very warm welcome to the program, everybody. let's kick off the show with some fresh data out of germany. inflation in germany's industrial heartland rose, coming in slightly higher than in july. regional data is a keenly watched sector ahead of a national flash inflation print due later today. money markets have raised their intents, sending prices higher across the yield. a couple of important ones. the seat of hess, what is home to francs has has come up higher. up 0.2% very ssus 0.3% in the mh of july. then we've got

washington says it's not about china. does anyone convince him what does it only mean for the region? this is inside story, the other welcome to the program. i'm the clock, a new era of co operation. that's how you as president joe biden has described his meeting with the leaders of south korea and japan at camp david in maryland. the 3 heads of state pledge to deepen the security partnership in the asia pacific. the meeting scene hasn't been to project units in the face of china is growing influence in the region. a nuclear threats from north career change has been out so, so i mentioned within hours had carried out drills in time in these waters, taiwan accuse china of intimidation of japan, south korea, and the us condemned. it's dangerous and aggressive actions. so sub for it in japan, a neighbors, but they've never been friends for decades. they've struggled to become deep historical grievances. just look at the g, a political tensions of problem together. the biggest concern is china is growing incident and that inc

and today, that's china. why?ause china, for two reasons, one, china has dominated the processing of these critical raw materials. so it offers a market to mining companies to export their product to china, where it will be processed. but that's not all. china is also dominating the manufacturing of end applications. so, for instance, your electric vehicle, your battery and your semiconductors. we'll see that the processing of these key raw materials takes place in a single country, which in itself is a big threat. well, my first guest is a man on a mission. he's been tasked with overseeing mineral security for the united states. he also leads the transnational mineral security partnership, known as the msp, which includes india, japan, the european union, the uk and australia and others, but not china. he's the us undersecretary of state for economic growth, energy and the environment. jose fernandez, a real pleasure having you on the show. and jose, let me start with this, it's been suggested, jose, that this re

a disadvantage for annually developers in china. there are also shortages of sophisticated chips and semi conductors. the technology is everywhere in surveillance cameras and facial recognition devices. what's clear is that a ice pine purpose is to serve the communist party. to vote for each of those deputy china. a bureau chief is josh chin. he was kicked out during the pandemic and is joining us from sol. china is cyber space administration is prohibiting companies from using facial recognition to analyze as new city or religion and reports that must be used when sanctioned national security. how public interest or disrupt the social order. but that would apply to all state bodies. will it? yeah that's, that's exactly right. um so these, these new laws um, are quite restrictive on their surface in terms of how facial recognition can be used. but they leave a really large car bout for national security, which in china is it is a very broad concept. and it's one that includes political security, which basically means that sort of an

before that, we talked about how china's relations with russia and china's relations with ukraine were transformed , especially during the full-scale invasion, and now we are talking about what tactics the official beijing will adopt in relation to our state regarding the aggressor country in the near future and maybe then the second question is whether china will be ready to go to certain agreements, it is possible to sacrifice some of its interests or such progress has taken place. i mean in the solution of the war in ukraine here. years after the covid history and so on, china has undergone its own internal transformations , in fact, there has been such an even greater centralization of power, and china has also managed to remove the uyghur issue, the global international agenda, and with taiwan, things are far from the same it just looks like it used to look, as for what china calls the ukrainian crisis, unfortunately, it is not very adequate from our point of view, but the fact is that china does not need either russia's victory or defeat, and china sees the same thing in relation

and we know that this mayor is more about mainland china , that is , for friendship with china. somebraced and the history of hong kong has not taught us anything taiwan the fact is that not 100% of taiwanese are they defend the position of an independent taiwan about 70 percent yes but the arrest is aimed at mainland china and we have a clear to realize that legally taiwan is part of china let's take history let's say the last history of the 20th century when both chiang kai-shek who went to taiwan and mao zedong clearly considered taiwan as the territory of china , no one had objections here only after, as it were er china became communist, then different movements began on the part of the united states when in the 50s they signed a corresponding agreement there, but they still recognize er taiwan as a territory of china, so there is nothing strange here, different political views what about us? we have to mean the presidential elections next year, there will be an interesting situation when there will be a struggle between the supporters of independence and us supporters of return

china and russia to . but the reason why the chinese do push for the piece piece of resolution is not just i do listed it as practical purposes. let me give you a couple of quick reasons. if you think russian relation with the west in, in your, what, what was kind of is a conflict. but if you look at how russia and china and settled their older problem, there secured a problem at a more or less the same time when they will start to expand in the west. it was released as with the eastern partners, including china, all the, those central agents, they've actually been totally different, a mode of confidence building negotiations by last so high uh, you know, publish organizations. these are the same issue of the post. so with the space how to handle that, there are 2 radically different examples. the chinese peaceful, no push for peace resolution actually has its own examples and evolving russia. so if you say russia is the, the blame for everything. but russian has settled this religion with china in the eas

and even that is a problem because we have china is over the last couple of years. china is cracked down on one of the tech education on the private sector or industry is that usually kind of laptop, young talent answer following that we still must lay often reduced operations for those types of companies that happen. some measures taken by the chinese government to try and improve the situation. so we had subsidies for companies to run. internship programs, subsidizing longer contracts for young people. but i think this decision is still publishing unemployment. they said, well, worry many inside and outside of china because it signals that in the sense, information itself is becoming politically sensitive and we never use the same. and recently, the officials have been discharging on a list from discussing the deflation re, situation is a concern. i think, but it's just going to become more difficult to analyze and understand the situation in china as it says, we live with the, with the time being with thanks so much for joining us today. james territory and type a, a state in northern

would you, diplomatic, china's to china. and this map is also being released just days after the break. somebody can drive his bag where it's, and these peasants agent being in 5 minutes to move the met briefly and also a week ahead of the g. 20 summit in delhi, where chinese and indian delegations will be meeting again. is china setting the tone for this meeting? of the, you know, the timing is, is extremely important. it's no coincidence. this is so cord stranded map was released just after the big summit and just before the g 20 summit, nothing in china happens by coincidence. these moves, people always believe, carefully calibrated to send a message. at the big summit, there was much made about this conversation that she's eugene. she shouldn't big and a minister movie had. but it was very short and informed me conversation that they had in the need of loans, where they bought the tools to my de escalation. it wasn't a big meeting that it was made out to be. so the also, i'm just after this big step breaks, meeting, who

providing a convincing case in evidence of what china's behavior looks like. will china stop? probably in some areas not, if the strategic objective is to continue to intimidate taiwan. they will probably pay that price. but the rest of the world is watching. other nations that don't have the benefit of knowing what is going on, our responsibility is to share the insight you have with a number of people. it is not good enough to keep it within classified channels so that your own decision-makers are the most omniscient. you need to use that information for effect. and that requires a sense that you have to use it quickly be for it becomes perishable. and this can also be a tool, a probe within its own right. this is a way of revealing or watching how the chinese respond and what are the things that cause them to react and pull back. as opposed to things that might be more aggressive. rear admiral studeman: it highlights the true character of the chinese, the true nature. people want to understand the nature of the danger. if they understand the nature of the danger, they can p