china. but that this alliance is short-lived anyway. there is an incredibly good job at showing us this is an illusion, this alliance. it will not just disappear because of internal differences. it is not an alliance that can easily be driven apart. but this is something which very much still exists in the minds of europeans. what have russia and china just don't get along with each other anymore? do we really have to interfere? isn't this something that will not last anyway? there will not be strategic moves to break this alliance apart, but this is the hope which covers up the lack of european action. the last point, let me go back to one of the shapers of this russia and china approach in germany for a long time, angela merkel. there is also a perception of china especially in economic circles in europe that still sees china in pre-xi jinping times, still thinks about china as a main economic exporter that underestimates the utilization of china and also underestimates the military links

russia is dependent on china in ways that china is not dependent on russia. but who is standing up for this alternative vision and pushing back most vigorously against the west? it is russia, not china. in that respect, it is not clear to me that they see themselves as russian partners and at some point russian greatness will not allow us to sustain that posture. bay: we have a question in coming from in from a member online. >> we will take the next question from robert hormetz. >> i would like to follow-up up richard's point on the trade issue. because one of the most important elements in trying to contain this grouping particularly in china, and to get other countries who you mentioned might be more attracted to china because of trade relations, the united states needs to have a coherent trade policy with countries other than the g7 oecd countries , which means a number of the emerging markets, global south. the problem is, in this administration, which you would have thought would have been inclined in that direction, it has been the opposite. like the p

china has not made good — next two years. china has not made good on _ next two years.as not made good on their— next two years. china has not l made good on their agricultural purchases forfour years made good on their agricultural purchases for four years and if confirmed, next week, i would start pushing for them to resume the purchases and event i would conference with president trump on whether he believes that there should be inaudible.— believes that there should be inaudible. ., �* ,, ., inaudible. scott bessent also outline how — inaudible. scott bessent also outline how the _ inaudible. scott bessent also outline how the trump - outline how the trump administration could use tariffs for several purposes. firstly to address unfair trade practices, second, as a tool to raise revenue for the federal budget, and that, as leverage in trade negotiations. as for the use of sanctions, he said he was 100% on board, increasing sanctions on russian oil makers. the edge fund me is seen by many as a safe pair of hands for one of the country's most important economicjobs, m

i think china's economy is a curious _ is? i think china's economy is a curious thing _ is? _ is? i think china's economy is a curious thing to behold, - is? i think china's economy is a curious thing to behold, on| a curious thing to behold, on the one hand you have what everybody i think really understands and sees a lot of nowadays, which is a very advanced modern sector that is advanced modern sector that is a world leader in things like electric vehicles and batteries, wind and solar equipment, and a lot of manufacturing. this is a very dynamic part of the economy, but it is only about seven to 10% of the economy. much of the rest is pretty much flat on its back, actually. and so the numbers which came out for china today, which confirmed the government's target was met, it is always met every year, are a bit of a fiction, really. and don't really tell the full story about how challenged large swathes of the economy are by debt, by poor productivity, by overproduction... productivity, by overroduction. .. productivity, by overroduction... ., overproduction... tell me mo

and china. pointta that i i came up with that and i talk about that is you mentioned my time in congress, on intelligence committee, i became director of national intelligence and i was on other side of court curtain it wasor clear that china and china alone presented greatest national security threat. that was not something that i had seen as a member of congress. irwas pleased to see in unclassifiedt respect a recognition and a it is about that, that china poses that threat. unfortunately, what worries me most about china is that they have a lot of momentum, they didn't just become our number one adversary over night, we should have been talking more honestly and candidly, of china. how they are a near peer competitor to u.s. in so many places we look up on, what worries me, they are a near peer competitor and they have a lot of momentum and unified focus. in their effort and the way they are approaching this they want to replace u.s., they have a lot of resources to devote to that and dedicat

we get the china, you know, they call it the china curse. we get the china curse. their better and their air is dirty. carmel gat that our gift from china. >> all right. so talking about trump, about china, that has been the hallmark of trump's career. now though, china is pulling out all the stops to cater to trump. the vice president headed to his inauguration. chinese kids are even learning the ymca write the song heard at about every rally that's going to be performed at trump's inauguration. artists are making sculptures of trump, and there's one person very close to trump. oh, extremely close his partner. in fact, right now in governing, who no doubt is hoping that trump will be won over by all the flattery well, i'm a big fan of china. >> you can say that i mean, i've got a lot of fans in china. >> well, the feelings are also repeated. >> elon musk i mean, of all the people in trump's inner circle, musk has the biggest financial stake in china. i mean, it's it's you can't underestimate it. it's crucial to his entire business empire, to his hundreds of billio

most about china? and they are interrelated in terms of those questions. >> david, to the first question, china is both, they're both an adversary and a competitor. but they should be more of a a competitor and less of an adversary then and it's the other way around right now. we want to compete with china. we want to compete with anyone. american greatness is founded on competing in winning on a level playing field but that's not what's been happening and that's not what has allowed china to rise and what we now see from what you talked about the threat report from the intelligence community that china is our greatest adversary in the sense of the only other nationstate that is capable of challenging and even supplanting the u.s. as the world superpower, economically, militarily and technologically. we talked appropriately, david, about the great power competition that has become a term that we talk about in dealing with china and russia and its appropriate but i d a term with in it which is a greater

is not the us against china. other countries need to protect their sectors against china. if you have tears coming on china from, from the you, from brazil, from countries in, in south east asia because of the same, i have a fair trade practices that china is using when it comes to electric vehicles. you also have concerns throughout the world, including the united states, but everywhere else about china is excess capacity that they're dumping into markets at this. hollowing out some, some of the industrial bases that, that you see in the us and you see elsewhere. so part of this is going to be use the world, you know, it is, you se, asia in parts japan, korea, what are they going to do visa v, china? and then how is china going to react? because if you see this, you know, china plus one this, this diversification of supply chain out of china because of the tariffs, the us has been putting out. it's not just the us and the japanese in new your opinions that are diversifying out of china. it's the chinese who are

china, figures show the econom i china, figures show the economy grew _ i china, figures show the economy grew by - i china, figures show the economy grew by 596, - i china, figures show the i economy grew by 596, hitting i china, figures show the - economy grew by 596, hitting the economy grew by 5%, hitting the target set by the government but that is one of the slowest annual growth rates in decades and comes of the world �*s second—largest economy faces a number of challenges. with donald trump sets return to the white house next week with a promise to hit china up with even more tariffs. some experts have warned the country faces a tough year ahead. let's turn to our newsroom for more on this. tell us about this 5% number and what it means. tell us about this 596 number and what it means.— and what it means. those numbers _ and what it means. those numbers just _ and what it means. those numbersjust coming - and what it means. those numbersjust coming in i and what it means. those l numbersjust coming in and numbers just coming in and showing as you mentioned that china's economy did

and china -- u.s. and china, or do we focus on u.s.china coordination on challenges and third countries? and i don't think we landed on one. i think we need to continue to probe where there's more opportunity. but it was certainly a theme of our conversations. and i mentioned on that note that -- we did do some conversations and workshop looking at international institutions aside on how track twos can be made more effective in the new environment. and one of the observations we heard on each side is that sometimes these track twos are more productive when focused on multilateral issues opposed to bilateral issues which are simply too contentious and a third party is brought into the conversation so i think triking alating thinking about conversations bilateral relations in a broader context, might be a common, common thread here. i want to open up to our audience i'll call on the men first -- [laughter] >> but i see we have a question back here. >> my name is roger, and i'm an editorial contributor on technology policy for the hill ne

china can be helping the us in general.

we will look at what's in store for us—china relations.lus, trump wants greenland but does greenland want him? we hearfrom a danish lawmaker and some greenlanders in a special report. welcome to newsday, i'm steve lai. we begin in los angeles, where fires continue to rage with attention turning to forecast warnings of an increase in high winds overnight. authorities say they are prepared for the change in weather, which will put the whole of la county under fire threat. so far, 2a people have been killed and several others are missing. tens of thousands of people have been forced to leave their homes and officials say they will not be able to return for at least four days. these wildfires are on track to be among the costliest in us history. accuweather has increased its preliminary estimate of financial losses from the blazes to between $250—275 billion. reiterating those sentiments, california governor gavin newsom said that 1a,000 people are actively working against the fires in what he says could be the worst natural disaster to hit th

these are the china and then how is china going to react? because if you see this, you know, china plus one this, this diversification of supply chain out of china because of the tariffs, the us has been putting out. it's not just the us and the japanese, and the your opinions that are diversifying out of china. it's the chinese who are diversifying out of china and what is that going to do? there is upsides and downsize for countries for where china is diversified. so it really is, is not just that, that what's gonna happen between the us and china. it's all the, the effects from it, in addition to enacting to your point, adrian, the us is also going to put tears on other countries, canada, mexico, the you, we're going to see that as well. and so yeah, we're, we're in for a lot of tension in, in trade going forward throughout the world as a result of donald trump's presidency and his approach to an america 1st agenda. i'm glad you brought up the canada there. what are we to make of, of that nonsense of also his threats to, to take greenland

and china promised a lot. it promised that the existing ways the existing freedoms in hong kong would survive for 50 years own currency tax, administration, government, common common law, freedom of press freedom of assembly, freedom of religion all the freedoms that we in open take for granted. this was further codified the basic law, a sort of mini constitution that china wrote and imposed on hong kong and it did promise as you to move towards full democracy which i mean think about it it's just not a big deal honestly. was electing the city council, electing the mayor, the chief executive of the legislative council, even little things proved to be too much, for china. and as you said in 2014, they, they, they back those promises. and the people of hong kong enough. you know, it's been almost decades and you're moving us. what about all these promises? and that's when the students took to the streets and you know very different dynamic between the students and jimmy and apple daily. but they were all trying

is going to beat china in ai. does this morning's executive order actually move the needle in a meaningful way, and what does that leave out. >> if you think about ai infrastructure, and am always reminded of a book that i may or may not have read in the late 1990's, "guns, germs, and steel." the book made the case that mason succeeded when they were able to marshal their natural resources to get a competitive advantage. if you think about it i like the electricity of our era. if we can prevail on a key for us to continue to lead the world, that will ultimately be an infrastructure exercise. it's good to be chips, data, talent, it's going to be the energy piece. specifically to your question, i think what the biden administration has put out today sends an interesting signal in the following way -- we have identified that there is roughly $175 billion of dry capital out there globally, looking to invest in ai infrastructure. there is an understanding that there's going to be such a need for it, in part, driven by

mil speaking about rachel reeves in china. , speaking about rachel reeves in china. �* , china.ppening in _ china. all sorts of things happening in the - china. all sorts of things i happening in the economy china. all sorts of things - happening in the economy this week, cost of borrowing has gone up. rachel reeves as a trainer to start discussions with the government there about how britain and china are improving their change and have attained about 600 millions, quite amount —— like a small amount of benefits. it should not be there with a cap in hand, as he pleaded. the trouble that government is facing on the economy is partly due to the difficult situation that they took over when they won the election. my chancellor, said that the previous government, liz truss and rishi sunak, what they did to the economy cannot be blamed. to the economy cannot be blamed-— to the economy cannot be blamed. , , blamed. the first thing they did when they _ blamed. the first thing they did when they came - blamed. the first thing they did when they came into - blamed. the first thing they i

it is on the budget. -- rachel reeves back from china.— back from china.t is a question of _ back from china. it is a question of timing. - back from china. it is a l question of timing. right back from china. it is a - question of timing. right now interest rates have gone up and that will have an immediate effect. it is already affecting how the market is expecting rachel reeves to manage the physical conditions. will she have to announce more austerity or tax hikes? these are offsetting factors for growth. because the spelling has gone down, will the bank of england not be able to cut interest rates as much as the market had been anticipated? and that is another factor. been anticipated? and that is anotherfactor. where is the been anticipated? and that is another factor. where is the ai effect is likely to be a more subtle, a more gradual effect so the timing of the two issues are not necessarily a natural offset. yes, ai will hopefully generate productivity and growth over the medium and longer term but unfortunately hit to interest rates will have a

in china right now?interesting phase and i say that aware that donald trump is about to come into power but ultimately it feels like there might be an opportunity for the u.k. to chart a slightly different path. it's pretty obvious at the moment that we have not put tariffs on electric vehicles and i know that was discussed between rachel reeves and her counterparts in beijing so there are potentially opportunities to carve out a different way of engaging with china and certainly something we saw in our sentiment survey was increasingly british companies are seeing opportunities to support chinese companies going globally. our financial services and legal services are world class and i think that is something where our members have seen real positivity this year and helping china to navigate the global landscape as it goes global. >> what are the remaining challenges that your members bring up for you when it comes to that market share and opportunity in china at a time of slowing chinese growth? >> it's

in particular on china in the next administration.e are trading flat as we have scoop after scoop from the washington-based colleagues. bitcoin fended off risks intimate. trading 2.2% higher. perhaps looking towards where we can see trump in the next administration eyeing crypto. a look at in terms of the individual movers. a key story of the day. we are analyzing if elon musk could take over the u.s. operations of tiktok. it is being eyed by chinese officials and by meta. there are concerns running the fact that they will be offloading some of the lowest performers at a faster rate. slap off by 6% if tiktok u.s. could be staying for longer here in the u.s. by january 19, it is deemed it has to be banned or divested. good that you divested elon musk? -- could that be divested elon musk? where has this narrative come from that officials, not bytedance but chinese officials might think elon musk could be a good owner of this key social media company question mark sarah -- company? sarah: they have and evaluating options for tiktok shoul

do you think china can get around this? what's the goal in china has already been blocked in china. in fact, because china has been blocked, china has trying to develop is boons indigenous technology. let's see, ties be mentioned deeps the china just may be available at such cheap price. people can trying to use. i did see par $6000000.00 tokens for only $0.50 united states. i think they, i would not be able to compete with what us has done is you wrecked the digital for a living wall and basically is keeping up vast majority of the world market. choose a chinese software, so it's not interesting, isn't that interesting? nice one, the carl kevin over to you. what washington has naming 18 of his closest allies, free all for restrictions with these chips, but that still nato, an e u members coming under these chip expos limits. is that by design or is that just a mistake? your thoughts? kevin? i think it is another situation where the by the administration is trying to make it difficult for the incoming administration to operate. we've seen the same thing when it comes to russia and u

the nearly $1.5 billion port majority owned by china's cosco shipping, is china's latest belt and roadtaken the us as peru's main trading partner, a trend that could widen across latin american countries, as donald trump threatens tariffs under his america first policy. critics warn of overreliance on china and jeopardising the existing relationship with the us with some of trump's aids pushing huge tariffs on old merchandise coming through the port. but for peru's minister for foreign trade, ursula leon, it is not a cause for concern. translation: our agreements with china enhance our- competitiveness without compromising other markets. peru must navigate a delicate balancing act. for now, the port stands at both the beacon of opportunity and a source of uncertainty in a world bracing for heightened trade tensions. the bbc has found that some workers at chinese fashion retailer shein�*s suppliers in guangzhou are working nearly 75 hours a week. that clearly exceeds china's labour laws which is set at a maximum of 44 hours a week. in response, shein has said it requires all supply chai

is going to beat china in ai. does this morning's executive order actually move the needle in a meaningful way, do you think, and what does it leave out? >> so if you think about ai infrastructure and i'm always reminded of a book that i may or may not have read in the late '90s, guns, german and steel, and made the case that countries succeeded, nations succeeded when they were able to marshal their natural resources and if you think about ai as the energy of our nation, how we work, play, impact everything, but to be able to prevail on ai for democratically led u.s. ai to lead the world that's ultimately an infrastructure exercise in and the guns and steel of this area an is ips ch -- chips, data, and the energy piece. and to get to specifically your question, i think what the biden administration has done today sends an interesting signal in the following way. we've identified there are roughly $175 billion of dry capital out there globally looking to invest in ai infrastructure. there's an understanding that t

how worried are you and how worried is china about that?stors are worried about tariffs, notjust china but everyone. but what we saw in the latest trade data is certainly a front loading of exports to us. so more than 10% increase in exports to the us because of the threat of incoming tariffs. but this is also really a lesson to be learnt. more resilience of chinese exporters and others as well, and also to diversify trade partners away from traditional partners. on thursday, trump's pick for treasury secretary, scott bessent, signalled a tough stance on trade with china when he faced questions from the senate. michelle fleury has the details. if confirmed, scott bessent, donald trump's nominee for treasury secretary, would play a key role in what's expected to be a tough economic stance on china. now, in his testimony, bessent said free trade must be balanced with fair trade and argued that china should not be allowed to flood us and global markets with its products. during questioning by republican senator roger marshall, bessent also emp

so like a futures in china. this is creating social boss and really attracting those consumers in china. so when they're reading this kind of social boss is easily attracting those consumers why more price closures and looking for a value in china. but what we see is that at the desk do having us from customers taking us over there. so the strong customer who knows is actually supporting the performance of that but, but if we look at overall pictures, uh, customer ones, you more size change. and also the company shows is really affecting at the, in china, locally. so this has 1000 can see of a preference. what does apple the need to do to regain its foothold? it's still in the top 5 in china. i mean, i have a time slipped out, but what does it need to do to regain? can see have a preference cuz they have to win back consumers in china. yeah, it need to create more while factors. so right now what we are looking at is a i, but uh, when it comes to a i, when it comes to china, it needs the approval from chinese go

, . ., china.ure of that next week, _ china. we may get a picture of that next week, thank - china. we may get a picture of that next week, thank you - china. we may get a picture of that next week, thank you for| that next week, thank you for speaking to usjulia. my colleague has written an article looking at the challenges faced by the chinese economy in 2025. that is available on our website and on our mobile app as well. the world bank has named rising trade tensions and terraces big threats to growth. it is forecast that the global economy will grow by 2.7% this year, that would be one of its weakest performances since 2019. tariffs are a central part of donald trump �*s economic vision, as we have been discussing. he is a ready pledged arabs on the united states �*s as trading partners of mexico, canada and china on his first day in office. speaking of donald trump, his america firstjobs policy has stirred debate over the role of foreign workers in the economy. at the centre of this are the h

china is imposing what they call china one principal on the world. which is very different, you know, from our china policy. can you kind of describe how we can push back on that and how need to make sure we are shaping their conversation? sen. rubio: yeah, and first is to understand that the one-china policy, the u.s. policy toward the issue of taiwan has been consistent and reaffirmed by every administration since 1979. does the combination of the taiwan relations act with assurances that make clear the united states, we are not going to pressure taiwan into any arrangement. we are not going to tell you when we are going to stop. have made no commitment to helping them in national defense. we are not going to force any outcomes and we reject any effort to coerce, intimidate, and/or forcibly drive time want to do whatever china wants them to do. that has been our position and that is the position under president trump's first administration and i anticipate it will be in the second. within that context it is important for us to find every opportunit

china is now at both ends of our panama canal. as you follow the canal, chiefn is on both -- china is on both sides of the canal. they're saying, no, you don't understand, this is just for trade. well, this can quickly be converted into something else. look, as president trump and i recently noted, the panama canal is a vital trade global route that includes 40% of all the u.s. container ships. at some point america must wake up to what is happening. we cannot rely on an adversary to supply us with needed goods. and then they make the decision of what they will send us or what they will not send us. our ally in taiwan, we need to have a stronger tie with them. i want to thank chairman ship -- chairman ship -- talking about shipping, i guess, we can talk away, but i want to thank chairman smith for sponsoring this critical piece of legislation. listen, all my colleagues from ways and means are here to talk on this same subject. and we will continue this work to do this. but i think as we go into the 21st day of january, we'll see t

s. china tensions over there, so he's still an easy things. so if software, if ever kind of really great walls that goes from the factors from the ad, beatrice and other things you can focus on is creating walls that goes from the hardware perspective. so from hardware perspective and from a i, this is something desktop i can look at it, it's was use is summer, is creating while factors to an consumers to make then keep spending a poll as also discounts on its products. but china has recently decided to subsidize homegrown smartphones and other electronic, somebody's like to put for the pressure on, on, on apple. in particular, as you say, some samsung isn't really affected here because it's market share so small but, but it's not going to affect awful. we see that the impact will be limited. so 1st thing, this subsidies is salt times. so in terms of the impact and in terms of the type you're, you will bring the impact the impact. well, believe that in some of the time periods. so it's a continuous, that's the subsidies is quantity available i

china, by farthe make up 150 of all vehicles sold. china, by far the biggest sold. sold. china, by far the biggest market has seen soaring sales. but in the us and europe, including the uk, demand has hit a speed bump. with around 1 million diesel models still on the road and a big used car market here, there is still a lot of work to be done. norway's electric revolution is shifting up a gear and sales of new fossilfuel cars tail shifting up a gear and sales of new fossil fuel cars tail off. but the journey to zero may take a little longer. adrian murray, bbc news, oslo. in south korea — a trial for suspended president yoon suk yeol is set to begin in less than two hours. the constitutional court will hear arguments on whether to uphold parliament's decision to impeach mr yoon over his failed martial law bid. so far there hasn't been any major effects on markets — as the benchmark kospi index is trading flat. before we go, major hollywood studios have pledged millions of dollars to help with relief efforts for the la wildfires. so far disney and warner brothers dis

well, rachel reeves has gone to china.unny to see if anything she does there is in front of the same golden boat. well, certainly it's creating as many headlines, this trip, as that one you're talking about. so we'll discuss that on saturday's newscast. newscast. newscast from the bbc. hello, it's laura in the studio. and it's paddy in the studio. and it is saturday, and we are talking about china for a good, serious reason, because rachel reeves is off on her travels, trying to, you know, warm up the connections in order to do business with china, which is, you know, a massive mega economy that she believes very strongly the uk cannot ignore. it's the world's second biggest economy and the uk's fourth largest single trading partner. but she goes there at a pretty sticky time when her political opponents are saying she shouldn't have gone at all. yes, she says, "not engaging with china "is no choice at all." she's written her own article in the papers today, which i've read, and here is rachel reeves explaining why she's t

peace _ translation: china's efforts to promote peace talks _ translation: china's efforts to promote talks and - promote peace talks and political settlement have been well recognised by the international community. facing global challenges only through solidarity and cooperation can we jointly opened up a bright future. china will work with the uk as strategic partners to uphold open cooperation and tap into corporation highlights to achieve results, adding new impetus and positivity to a development of our relationship. past experiences have shown as long as china and the uk respect each other, see common ground or aerial sharing differences, our relationship will be able to achieve sound development. hong kong can become a bridge for even closer cooperation between our two sites. both sides agreed to step up collaboration between competent authorities in economic and financial sector and compare notes on the implementation of deliverables and priorities. to make cooperation deeper and broader. both sides agree also to hold the next dialogue in the uk at a proper time. thank you. t

they're going to the children in china, this huge pressure to succeed. at the end of high school, every student, like one year in king, my sits, the final exam is the account with them and see the days later, the children are allowed to make a phone call. ray ray can finally speak to mother. here's a samsung eliza industrial jose serial. again, yes, that was the problem i have has. uh so yeah. to ask to this know on 10, ha ha, ha, ha, ha, ha, ha, thank you. the center. oh, the is also talking to his mother. he said the, the alarm uh yeah, i agree, but it says it on your, on your condo or us or sure. usually the scenario again. oh, you guys are good. you the little by the, the, the charge by me and your call, you know, the, the home, the uh, the, [000:00:00;00] the home uh, what do you, uh, when you're telling you the, the the, the the the little mouse which was the building that could buy a new instruct arrives at the camp, his box contained helmet, some guns that simulate real gun fire. the place the rules of again they called town to strike, is based o

that is, one thing we export to china. they import a lot, one few things we export is in great capacity the long-term contracts tied up either directly to china or third country, they in turn send its to china. i think it has to be on the table. as a number of other measures we have in leveraging as we engine -- engage chinese, i believe they have world's largest surplus refining capacity, that is one more area where our energy policy will be criticalou in bringing geopolitical stability with them. >> i am focused on china, i want to turn to humanitarian issues. i -- fully support israel's ability to respond to hamas, i am very concerned about how it has played out in terms of massive humanitarian conditions in gaza, will you help lead the world in responding to those humanitarian conditions? and there is a proposal for a broad regional agreement that would provide security to israel, peace with all their arab neighbors, building on the abraham accords in return would create ail framework to have a concrete sketches toward

and china on climate. not only of the governmental levels, but the nongovernmental levels, academic and research levels. very, very good work. we need to build on that and find the areas of cooperation. what we have to aspire to, in my view, a relationship of constructive competition. it will be competitive. but constructive competition as opposed to cold war and potential conflict. and we have to really go to work at this and be consistent and do it on a professional basis, quietly come every day, day in and day out, and make it a number one priority. brian: i want to turn these folks loose on you and take a couple of questions from the audience. there's a little bit of energy in the room so i'm going to merge a couple of questions. let's start here with barbara upfront and then we will go back to the lady in the black sweater. >> great to see and thank you for your support. over the last 15 months in particular, i've been thinking a lot about international accountability, crimes against humanity, double

the nearly $1.5 billion port majority owned by china's costco shipping, is china latest belt and roadertaken the us as group's name trading partner, a trend that could widen across latin american countries, as donald trump threatens tariffs under his america first policy. critics mourn an overreliance on china and jeopardising the existing relationship with the us would some of trump apartment aids pushing huge tariffs on old merchandise coming through the port. but for peru's ministerfor coming through the port. but for peru's minister for foreign trade, ursula lyon, it is not a cause for concern. translation: our agreements _ cause for concern. translation: our agreements enhance - cause for concern. translation: our agreements enhance our- our agreements enhance our competitiveness without compromising other markets. peru must navigate a balancing act. for now, the port stands at both the beacon of opportunity and a source of uncertainty in a world bracing for items trade tensions. apple's water directors recommend investors voted as a shareholder push to abolish its diversity prog

and as a land of liberty, america, not china, must late and as a land of liberty, america, not china, must lead the world in the development of ai. this comes as the us tighten its control of advance semiconductors and under the new measures, chipmakers like tsmc and samsung are required to tighten their due diligence processes for customers and in particular, chinese firms. the commerce department have put sanctions on 16 companies that said were acting quote at the behest of ageing. gregory allen, the director of ai centre at the centre for strategic and international studies. he summed up the biden administration status me. the biden administration is not going out quietly, they are going out with a bang. and just this week, there have been three major new executive actions in the first three days of this workweek. so one monday, we got the ai diffusion rule which puts in place new restrictions on the export of ai chips, notjust of china which had already been pre—existing, but to countries around the world and that's designed to tamp down on a smuggling of chips to china which had

china, china dominates the clean energy and manufacturing critical materials, supply chains.ure the market of the future and create new dependency. the united states must win that contest. we will shape the global economy and plan for decades to come. let me close with this. like many of you i've dedicated significant portion of my career to our nation's foreign policy. was chair of the foreign relations committee as a senator, vice president for eight years, now president of the united states. put together one of the most competent foreign policy teams i would argue in american history sitting in this room before my eyes. throughout my career the world has gone underground tremendous change. but certain things have always held a true. at our best america leads not only by the example of our power but the power of our example. the past four years we have used that power, not to go it alone but instead to bring countries together to increase shared security and prosperity. to stand up to aggression and to solve problems through diplomacy whenever possible here defend democracy

on the technology ahead of china. ~ , w , ~ , china.e must make sure ai is safe and trustworthy. _ china. we must make sure ai is safe and trustworthy. and - china. we must make sure ai is safe and trustworthy. and good| safe and trustworthy. and good for all humankind. in the age of ai, it's more important than ever that the people must govern. and as a land of liberty, america, not china, must late the well in the development of ai.- must late the well in the development of ai. this comes as the us _ development of ai. this comes as the us has _ development of ai. this comes as the us has once _ development of ai. this comes as the us has once again - development of ai. this comes as the us has once again tied l as the us has once again tied in its control of advanced semiconductors. underthe in its control of advanced semiconductors. under the new measures, the chipmakers like tsmc and samsung are required to tighten the due diligence processes for customers and in particular, chinese firms. gregory allen with the director of the ai

lng to china. should we be strengthening the chinese economy by sending them l and g >> i think that is a good point to raise in that regard. i will tell you that is one of the things that will have to be discussed in the broader relationship with china. and that is it is one of the things we actually export to china. they import a lot this way. few things we export is great capacity these long-term contracts that tied up directly to china or through third countries. some of this is exported to a third country who sends it to china either as a direct sale or by-product. so i believe that has to be on the table as a number of other measures that we have in leverage as we engage the chinese in this geo political perspective. i will point out the china have i believe the world be largest surplus refining capacity. and that's one more area where i think our energy policy will be critical and bringing some geo political stability to our relationship with them. >> focus on china but i want to turn to hum