so the us now now leading errors on another one hundred million of them were towards china china china cat mask that is it is it doesn't. enough its proposals in about sixty billion. if you're a tragedy is trying to find as bottlenecks. has been changing which is expressing a secondary street as part of part of the native. her program ran right wing workforce. no not. really. find time to order for the trees. nineteen eighty three and china. but the reason we sold bank on constantly changing escalating. a common concern and isn't as terrorists and reported to him to come into effect. complete freeze the chinese on a crowded street pretty clearly really washington's crossing airs [inaudible] i don't. overall it will re do you usually. an overall because exchanges were. all future. orders grows so so you do not know. and that. china. was in shanhai slightly looser slash last year here lifting is this really three or more indian out out. twenty twenty five different from the street treason which which uses china had a little extra proper death and entrance. fees industrial robots. first.

china? mary: china. krishna: both. bryce: china. david: the -- jonathan: the bank of england had a rate hike. next move a rate hike for a rate cut? mary: hike next year. krishna: nothing. jonathan: stay digital forever? -- neutral forever? krishna: they should not have raised rates this time. bryce: they have to go higher. they need some cushion in case brexit goes poorly. jonathan: what do we see first on the 10-year treasury? what is next? mary: 250. krishna: 250. bryce: 350. jonathan: i did not expecting a consensus. great to catch up with you. mary bowers, krishna memani and bryce doty. from new york for our audience worldwide, that does it for us. see you next friday. this was bloomberg "real yield." this is bloomberg tv. ♪ mark: this is first word news. the white house says instead of retaliating china should address long-standing concerns about its unfair trading practices. the u.s. accuses china of using predatory tactics to obtain u.s. forcinggy, including american companies to hand over trade secrets for access to the chinese economy. if the administration goes ahead with plans on $

china? >> china. >> both. >> china. jonathan: the bank of england, a rate hike. -- rate hike.the next move a rate hike or a rate cut? >> rate hike, but next year. >> nothing. >> yes. >> they raise rates this time. they have to go higher. they need some cushion in case russia goes poorly. jonathan: what do we see first on a 10 year treasury? 350 or 250? >> 250. >> 250. >> 350. jonathan: great to catch up with you. from new york, that does it for us, cnn friday. this was bloomberg real yield, this is bloomberg tv. ♪ >> iran preps for renewal of sanctions. opec ramped up production and violence erupted between yemen and saudi arabia. >> i'm alix steel. welcome to bloomberg commodities edge. the

china china cononfirming frm restauaurant. to twenty five sixteen billion dollars dollars chinese goods goods to take attack effect on the third. major changing it said it was it was forced. he was in his heart. things day the cat characters include food cannot cancel motor voter is not just just really quick china china as well as a whole diesel diesell. equipment on the other side movement in the them judiciously world the world's largest economies habitat total total billion dollars worth of the check out of products and more loving lessons. coululd be tending. in all european union and australia long tons of f fre trade trade agreement federica mogheririni any the reason i say thihis quite a quite intense i can. listen and johnson on the only also says -- thrown out of his face [inaudible] but according. testino's lord. because nonstop changing and take it right out of it founder jonny laws must we don't usually. considering andrew move causing waters. recess century jeffrey wright have not heard back about. percent must mostly though there's a question as from regulators. holders because because not now suspended and changes as it doesn't have also attending adding to the manufacturing transplant china it's first. day state earlier. changing. which forced one on we don't judge local partner

china? mary: china. krishna: both. bryce: china. jonathan: the bank of england had a rate hike. move a rate hike for -- hike or a rate cut? mary: hike next year. krishna: nothing. jonathan: stay neutral forever? krishna: they should not have raised rates this time. bryce: they have to go higher. they need some cushion in case brexit goes poorly. jonathan: what do we see first on the 10-year treasury? haven't done this for a while. 3%, 3.5%, or 2.5%? mary: 250. krishna: 250. bryce: 350. jonathan: i did not expecting a consensus. great to catch up with you. mary bowers, krishna memani and bryce doty. from new york for our audience worldwide, that does it for us. see you next friday. this was bloomberg "real yield." this is bloomberg tv. ♪ >> the major stories driving headlines from the region this week. president trump says he expects to meet with iranian leaders soon, but the nation's foreign minister tells him to try respect and set of threats and sanctions. enjoy ad "stock markets pump for july, powered by a revival in the banking sector. and as a crisis deepens, we examined ho

china? mary: china. krishna: both. bryce: china. jonathan: the bank of england had a rate hike.move a rate hike or a rate cut? mary: hike next year. krishna: nothing. jonathan: stay neutral forever? krishna: they should not have raised rates this time. bryce: they have to go higher. they need some cushion in case brexit goes poorly. jonathan: what do we see first on the 10-year treasury? haven't done this for a while. around 3%, 3.5%, or 2.5%? mary: 250. krishna: 250. bryce: 350. jonathan: i did not expecting a consensus. great to catch up with you. mary bowers, krishna memani and bryce doty. from new york for our audience worldwide, that does it for us. see you next friday. this was bloomberg "real yield." this is bloomberg tv. ♪ alix: fuel standards under attack. the trump administration wants to wipe out california's electric vehicle mandate. companies from steel to hogs to grain, the impact on producers and industrials. u.s. to iran, it's your move. iran preps for renewal of economic sanctions. opec ramps up production. violence between yemen and saudi arabia. ♪ alix: i'm al

when american companies invest in china, you transfer know-how and technology are a plus if you want to do well in china, to be considered a friend of china and you'll get better treatment in china. so all of that is going on. what the administration is doing is something called section three 01 of our trade the process if we identified unfair trade practices, we can target those practices with terrorists. that's exactly what bob lighthizer in this industry are doing. you're stealing intellectual property. we are going to start restricting access to the american market because we're not going to help you make those industries global leaders because we are not going to get access to your market and secondly, you'll destroy the rest of what we can do here at home and be flooding us. right now, since china came into the wto, we've run for $.2 million worth of trade deficits for china. there's a big discussion among economists. the gdp house for fact there is. negative net exports at a very major rate 750 million in manufacturing last year that is a very detrimental effect of wealth in your economy. we've got to get this trade situation strai

china? the u.s. or china? mary: china. krishna: both. bryce: china.han: the bank of england's -- we did not even mention it this week -- we have a rate hike. is the next move from the bank of england a rate hike or a rate cut? mary: a rate hike, but next year. krishna: nothing. jonathan: stay neutral forever? krishna: they should not have raised rates this time. bryce: they have to go higher. they need some cushion in case brexit goes poorly. jonathan: really, really, quickly, what do we see first on the 10-year treasury? haven't done this for a while. around 3%, 3.5%, or 2.5%? mary: 2.50. krishna: 2.50. bryce: 3.50. jonathan: i did not expect a consensus, and we almost did. great to catch up with you. mary bowers, krishna memani and bryce doty. from new york for our audience worldwide, that does it for us. see you next friday. this was "bloomberg real yield." this is bloomberg tv. ♪ alix: fuel standards under attack. the trump administration wants to freeze miles per gallon targets at 2020 levels and wipe out california's electric vehicle mandate. th

china and the u.s. with the u.s. slumping more threats on china and china saying it will not back down. ina not backing down. they have been ramping up their retaliation because the chinese central bank has been stepping in to support the yuan while it did that, following the record losses that saw the currency closing in on the key milestone of seven per dollar. we are joined by an investment officer. the market was trying to -- we have seen tariffs on copper and lithium, coming from china. retaliation is there but miners rallied in europe because they were pleased with support for the yuan. >> you saw the pboc mentioned how they would raise requirements if you will short the fx. i have a feeling what the market is thinking, there is a lot going on. everyone knows negotiation is in full view of everyone to see but you look at the u.s., you are tariffsabout 10%, 25% on an economy which is going at 2.9%. it will hurt consumer strategy. if i am equity buyer, i take that into account how much can be delivered from the fight of the u.s. and if it is 4.1%, i am bullish. recently. a bad run on

china. now that we are in somewhat, i don't like to call it a trade war. our country is doing very well but china is having a very tough time. i think china makes it much more difficult in terms of our relationship with north korea. i could not wait any longer. i have been telling you about china for long time. when i came to office, i purposely did not do much because of wanted to see what we could work out. $400 billionlosing or 500 billion dollars a year and it is going to china and coming away from our taxpayers, i cannot let that go on. we are being very strong on china. i think it is all going to work out, our country has gone up and they are having a hard time. i think china probably has a great influence over north korea. i have a fantastic relationship you chairman kim as probably know. we'll have to see how it ends up. i have to move with china from the standpoint of trade. it was really not fair to our country. for many years, presidents just close their eyes. i'm not talking about president obama, i'm talking about many presidents. they close their eyes and hundreds of billions of dollars a year were pouring out of the united

china and china is keeping awfully quiet on this. the chinese are massive investors, the chinese are massive investors, the chinese government listens to chinastead of the eu and the us saying, as they've done, and the uk as a former colonial power, saying, calm, have a quick word with the chinese and said to them to tell the government to keep calm. interesting you say that, before robert mugabe stepped down from power... was pushed from power. however you want to describe his removal, emmerson mnangagwa went to china and discussed what was going on there prior to any of this taking place. a very interesting point you're making. let's hope we get the word from the electoral commission soon as to who's got the presidential vote in zimbabwe. we'll see how today goes, we will be live in harare through the day on the bbc. to the business insider, it's an exclusive, a league from the home 0ffice reveals theresa may could keep free movement of people even in the event of a no deal. keep free movement of people even in the event of a no dealli keep free movement of people even in the event of a no deal. i tell you what's fascinating about this, if

china us. as the dispute continues, it is notjust china or the us that is affected. asian economies are intricately linked to china'ss. many made in china products have components from other countries, and so what hurts beijing hurts countries further afield like south korea, taiwan or singapore. our asia business correspondent has the full details. in the 50 years he has run this business, this man hasn't seen anything quite like this. he and his daughter, joyce, are trying to figure out how their family business can avoid becoming a potential casualty of the us china trade war. they make speakers in this factory in singapore, and also have factories in vietnam and china. the worst case is you impose a 25% tariff... now they have found out that the equipment they make on their chinese factory is on the latest list of chinese goods the us is targeting. if these tariffs come into effect, their chinese made speakers could be up to 25% more expensive for american customers. we are sandwiched. we have a little voice, our voices were probably drowned out. hopefully it finds its way to somewhere, and this threat will ceas

china is very important to iran's economy china is now currently iran's biggest trading partner trade between these two grew in fact by more than eight percent in two thousand and seventeen china buys more crude oil from iran than any other country something like eight hundred thousand barrels a day and those figures really tell you how china provides such an important economic artery to iran the question hour is what will the united states do to china once it begins to sanction iranian oil on november the fourth will it penalize china china has various ways i think of getting round sanctions it can use banks that only deal in the chinese currency rather than the u.s. dollar that's one way but as we've seen in the past the united states has been quite prepared to go after chinese companies that are violated sanctions against iran the giant chinese telecommunications company. is a case in point it was heavily fined by the united states and is still recovering from that fine iran of course is important to china for other reasons geo political reasons china sees iran as playing a pivotal role in its one build one road project this is china's plan to increase its economic influenc

china is the route. -- various things go to china. i do not like to call it a trade war. china is having a very tough time. china makes it much more difficult in terms of our relationship with north korea. now, i knew that that i could not wait any longer. been talking -- i've been talking about china for a long time. i wanted to see if we could work out north korea. when you're losing more than they cannot a year, let that go on. strong on china and it will all work out. having a hard time. i thinkhave to see but china probably has a great influence over north korea. i have a fantastic relationship with the chairman as you probably know. we will just have to see how it all ends up. i have to move on china from the standpoint of trade because it was not fair to the country. just for a money, for many years, the president's close their eyes. not president obama, many presidents. hundreds of audience of dollars a year was pouring out of the united states and taxpayers and everything else. i think we will have a very positive impact. if you look at the polls, based on the polls, i

china's beijing's. absolutely anxious to control the situation what has caused the problem you would look at the there the complexity of all the ethnic groups in china china as a multiethnic country consisting of the six ethnic groups of course the hang chinese accounts for more than ninety five percent of the total population but there are you know sort of over five body ethnic groups and only the. the. first and the tibetans are causing problems the rest are living in ok great harmony with the hang chinese but that now the reason is because in recent years as you highlighted earlier there was a must migration of the hang chinese into seeing django and then disenchant people feel that they're being overwhelmed and also. feel that those erosion of their culture and access to jobs and soar so forth so the kind of measures a president measures. can be counterproductive. ok. does the feel of extremism justify putting one million people is a sort of defense detention forcing them to change the system of beliefs well first of all i would like to thank you. for bringing to your audiences attention the fact that hundreds of thousands of weekers are indeed held i

china is in the fire line. i think the u.s. and china relationship has a lot of problems. there isn't a lot china can do at this point. china is to stay silent. don't respond always. get --respond, you may you might get the other side more excited. rishaad: something's going to give at some point because that is what is going on. , trade was going rapidly anyway. tariffs will not kill china's export machine. the issue is, if you really get into this fighting mode and spook multinational companies, the supply chain could be taken out. that is the ultimate downfall for china. it is the confidence of multinational companies in china for its management. it's important to stay calm. that is the best policy. rishaad: andy, stick around. is goingw at what else on with first nude -- first word news. roslyn: britain and the european union say they will negotiate continuously from now in a bid to reach a deal before the u.k. crashes out of the block. talks are entering the final stage and common ground can be found. muster, brinton -- britain expect this in the market. is time for britain to stand up for itself in the world. >>

however this does not mean that mr trump will also come to an agreement with china china is a geopolitical contender and china for many many years has treated us and all of foreign companies as a whole unfairly and they'll fall i think there's still a huge risk that in the end president trump will put tariffs on all imports from china and europe briefly how important for global trade would be a renegotiate nafta deal. i think this is a very important paulton signal which also supports my view that there will in the end be an agreement between the united states and the european union that means we we are not seeing a global trade war but we are seeing a trade war with the united states and china this is bad but better than a global trade war. chief economist at comerica park thank you for your insights. now here in germany a sentiment among executives improved significantly in august according to the munich based research group its latest survey of company heads shows that they are somewhat more satisfied with the current business climate germany's records trade surplus and the ongoing negotiate negotiations b

him look, china is out to really make us into a second class country, but then he has his billionaires praising china as the force of the future. so i think this is one of the many approaches china this goodwill and pro-china policies that our government still has. i've advocated, as you know, we should have an inventory. congress should demand an inventory all the federal government programs in place, many of them for 40 years, that help china. many in the government are following jimmy carter's orders from 1979 that every department of the government must have a joint commission or a partnership with china and find some way to help chinese economic growth, even in nuclear reactor safety, for example, we provide them knowledge of nuclear reactor safety. sometimes very obscure areas. we had the faa have a team in shanghai to teach them how to build airliners safely on the theory we all want airline safety. mark: so nobody is in charge? >> no, there never has been a czar for china, always a matter of what the president is concerned with. mark: when we come back, i want to ask but the way the chinese government has insinuated itself into academia in this country to affect how youn

china has gone down in value. investors are not betting on china anymore. china has been pushing back publicly on this. there is strong evidence that suggests they can't long endure a trade war. they are much more export exposed than the united states is. we have a $19 trillion economy. we export about $130 billion worth of good the china every year. china's economy on the other hand is really export dependent. it is not driven on internal consumption. if china uses access to the u.s. market, it is going to feel a lot of pain. so the leaders in beijing have a really important decision to make coming up. do they let their currency drop further in value, which is going to drive investment out of china, which is a bad thing for them? do they troy to prop up their currency which would exhaust their foreign reserves which are well over $1 trillion, but they will come down in a hurry or do they make the reforms they have been promising to make for the last 18 years? that is certainly what i hope the outcome is there. and so you have seen this kind of escalation between the u.s. and china. i'll be happy to get

administration share the view that china has isolated itself in this tears discussion and they want to send a message to china are making clear if that they don't just you know depend on china and if china doesn't get more flexible they will do more trade free trade with europe possible with mexico and that you know china really needs to rethink and maybe get a little bit more flexible all right down for us at the frankfurt stock exchange thank you daniel. after a four day strike by ryan as irish pilots the budget airline has agreed to mediation to solve the dispute irish pilots union force a welcome the decisions on three and a half thousand passengers were affected by the latest industrial action which comes as ryanair faces increased pressure to improve working conditions yeah i succumb to three hundred jobs or to move them to potent pilots in several countries warning they will strike again next friday. evian be ten years old and the home sharing website has disrupted the travel industry like no other turning tenants into hotel years but resistance is growing in many places including in at the german city of new nick which is threatening to find the company for shaking

china says this is pa rt intelligence. china says this is part ofan intelligence. chinaf an ambitious industrial policy that president trump sees a growing threat from a rival that, even now, insists some foreign firms hand over their precious technology. there are calls for some optimism this week. a fifth round of trade talks between china and the us. it is china's turned to go to washington. we seem to have lost rob and there in shanghai. hopefully we will hear more from him in the next hour when we are back on air with him. despite the first round of ta riffs him. despite the first round of tariffs which went into effect in july, we saw china's trade data for that month showing growth in exports and the trade surplus with the us remained at a near—record high. over the longer term, the consequences of a trade war could trickle down to the rest of asia. it will have an impact on business confidence. it will increase risk aversion globally. we may see emerging market currencies weaken against the us dollar and the consequences are quite broad. so we know they are talki

china sea. as the admiral described, in may, dod disinvited china from participating, something china have done n 2014 and 2016. traditionally, the united states engages in multilateral framework in the pacific. china prefers to a dress territorial disputes with other regional partners on a bilateral rather than a multilateral basis. as the big dog in that block you can understand why they feel that way. the association of southern asian nations, including indonesia, thailand, and singapore, generally favored norms and are wary of china's territorial ambition. while their ability to influence china appears limited, bilateral engagement can help avoid confusion and avoid incidental, accidental, the unintended consequences of everybody's presence in the competing claims and avoid conflict. taken alone, the clause is only one tool to bring to bear. laws of in changing behavior may be limited because the lack of enforcement provisions. the united states could ratify the clause in takeaway china's space argument, which is that the united states has no standing at all to assert or defend rights. i par

china tensions. -- u.s. china tensions. taiwanesee impact on manufacturing in china. we are told that at least some of the manufacturing is being shipped to southeast asia. and he could quantify and contextualize that, being shipped up to southeast asia? new investments they made in southeast asia rather than china. my second question would be in regards to the -- agreements. anti-want intention to join not. do you think it will be allowed to join that. i appreciate your views on the -- happened next year maybe sometime even in the future. i don't have the exact number to tell you how many enterprises shipped their factories to southeast asia. this kind ofhas number. i have not seen the government try to publish a number like that. as far as i know, there are some manufacturing industry in china. to southeasted asia. they don't just make new investments, they actually moved the coast of the acceleration of china's investment environment. that actually happens. a little bit before the new policy. say, the new policy actually meets with structural opportunity. it is a di

china's pigs, ducks and chickens. i need so much of it that it buys a lot from the us. —— china need so much of it. of it that it buys a lot from the us. -- chinahe trade war between china and the us has not had an impact on agriculture in this area, not at all. that is about to change because china has just hit us sorghum with a 25% tariff, which should mean more demand for the farmers growing it here. translation: last year, the profit for sorghum was rather then from saudi. we've heard some conflicting stories since we got here from farmers and traders. some say the cheaper imported american sorghum has hurt business, but others say there has been no change really, it is still very profitable. what you see around me in the field though is that china is currently unable to produce enough of this crop to meet its own needs, so as china hammers american farmers in this crop trade war, it needs its own to grow more and it is notjust sorghum. soya bean is crucial. without it to feed china's pigs, there is no pork on the table, but most comes from america. the issue now is that imported sorry from the us is cheaper and the prices of our soya beans

export of america to china for a long long time was garbage and that china saying we don't want your actual garbage not garbage products but actually. tons of garbage and on china saying we don't want your garbage so china is rejecting the model so if america you know this what trump is doing is in reaction in a lot of ways to what china is insisting that we do so he might call it like us to trade war but you know china's already been in a trade war with doing a trade war for years there now we're trying to react to it meant if china is really subsidizing the us with cheap steel sheeple loman cheap solar panels for example let's study your spread of it who benefits from that what china is doing if that's really accurate is saying there take the stuff we manufactured we're going to give it to you jerry who benefits us consumer max if the us consumer benefits it's good for the us mad by us consumer over the us worker wages are gone i've been outsourced to china so prices are going down have been for a long time but not as fast as i wages so they're all temp assange is let's reverse that equation let's get prices up let's get wages up as well because you can start

turkey possibly china is another option turkey has been deepening its relations with china and it's increased you talking about sharing similar ideas of an economic strategy with china china may offer some support but again the size of turkey's demands from for alone is something that even china could. really perceive that only europe and the united states can offer the financial support the turkish economy needs sustain itself. with the very latest for us from istanbul thank you dorian. now to some other stories making news around the world and afghan officials says at least one hundred security forces and twenty civilians have died in ongoing fighting fighting in eastern province afghan forces are battling taliban militants for control of the city of a key provincial capital the taliban launched an assault on the city four days ago . hundreds of people have been injured five seriously after part of a wouldn't probably not collapsed at a music festival in northern spain authorities say many people were on the boardwalk in the city of diego when it came way at around midnight on sunday none of the injuries to start to be life threatening. to rancho rains and thunder

people living in china, they will believe what the global times, the state owned tabloid says, that they have salvaged it and it has avoided the fate of becoming china's syria or china's? as you know, that there are sizeable western individuals whojoined that there are sizeable western individuals who joined the forces in syria, but none of the western government had been setting up internment camps for anyone who might be having tendency is to take up might be having tendency is to take up arms against the western interest. do you know what china means by and abnormally long beard? that is, i have seen religious figures in christian and jewish communities, especially in new york, when you walk around some parts of new york you will see jewish individuals with a long beard. that sort of beard is considered a sign of extremism in china. so these are among the measures that have been, particularly in the last year and a half or so, introduced? the growing beards style. but it is aimed in your view at visible identification of somebody as a uighur? yes, because that would make it look different to the chinese. another one is preventing people who cover their bodies and t

china china found a welcoming climate in portugal. portugal was in my car for a long time so there was always a traditional connection and the biggest investments came during the crisis they were really important for us. you've seen the potential problem and is working on transparency regulations for certain foreign investments applied to the e.d.p. they would function like this portugal first screams to chinese companies parallel to that list been informs the e.u. commission in brussels along with the other member states they then screen the chinese bid themselves and give their feedback portugal let us the final decision on whether the deal goes ahead or not. bidding for e.d.p. is still underway and it's still not clear how tight the new iraqi elections will be some countries want a minimum of outside interference including portugal hungary and greece. china now seems to have its own presence at the negotiating table along with the government heads of the european union. thanks for watching. a new coach. will come. there to tell him in turn turn to the top. chef on. more intrigue international talk show for journalists discuss the topic of the week he's president rather one to blame for turkey's economic crisis should europe should germany prop up the man who served his country into an october say and. find out on quadriga coming up short of. quadriga in sixty minutes on. lehman brothers ten years on a story of ambition greed and megalomania. we're so clever the elite control the rich. of investment bankers the carousel with never stop. everybody draw the wanted to ignore the reality of the whole thing might blow off in many cases of a system that spun out of control. and. the crash the investment bank lehman brothers start september thirteenth on t w. for no one is legal and their big kickoff. a warm welcome to the new season here on kic

trade disputes with china, china has taken out $500 billion a year from the united dates for many years. so we cannot let that happen. we started working a little bit against china. we have a great relationship with china. i have a great relationship with president xi. he is a great man of the great resin. we have to straighten out our trade relationship, because too much money is being lost by us. china is the route. 93% of the product and various things that go into north korea go to china. i do not like to call it a trade war. our country is doing well, but china is having a very tough time. i think china makes it much more difficult in terms of our relationship with north korea. i knew that, but i cannot wait any longer. i've been talking about china for a long time. i wanted to see if we could work out north korea. when you're losing more than $500 billion a year, they cannot let that go on. we are being very strong on china. it will all work out. our country has gone up, and they are having a hard time. we will have to see but i think china probably has a great influence over north korea. i have a fantastic relationship with the chairman as you probably kn

export of america to china for a long long time was garbage and that china saying we don't want your actual garbage not garbage products but actually. tons of garbage and i'm china saying we don't want your garbage so china is rejecting the model so if america you know this what trump is doing is in reaction in a lot of ways to what china is insisting that we do so he might call it like us to trade war but you know china's already been in a trade war with doing a trade war for years there now we're trying to react to it meant if china is really subsidizing the us with cheap steel sheeple loman cheap solar panels for example let's study your spread of it who benefits from that work china is doing if that's really accurate is saying there take the stuff we manufactured we're going to give it to you jerry who benefits us consumer max if the us consumer benefits it's good for the us mad by us consumer over the us worker wages are gone i've been outsourced to china so prices are going down have been for a long time but not as fast as wages so they're all temp assange is let's reverse that equation let's get prices up let's get wages up as well because you can start b

unfortunately some people misunderstood this and kind of -- as a china of china program. chinais to promote its own interests, which nothing could be further from the truth. >> views on china are often mixed. china builds up enormous amounts of goodwill by building infrastructure. these markets are desperate for better metro systems. road systems. at the same time there are some concerns and one refrain you often hear from locals, whether it's individuals or companies, is that chinese companies will ften win or come out on top. >> we're here in the oldest of china's four great ancient capitals. home to the han dynasty and the terra kata warriors. but on this trip, the eastern most point of the ancient silk oad. in its simplest form, china is looking to revive the roots of the ancient silk road with modern infrastructure, economic corridors by road and rail, leading major ports dry and wet to a maritime silk road that circles back to china. but the reality is much more complicated. >> traditionally when we think about maritime silk, it might be westbound, but given the increased

china china found a welcoming climate in portugal. always in my car for a long time so there was always a traditional connection and the biggest investments came during the crisis they were really important for us. in the potential problem and as working on transparency regulations for certain foreign investments applied to the e.d.p. they would function like this portugal first screens the chinese companies often. parallel to that list but informs the e.u. commission in brussels along with the other member states they then screen the chinese bid themselves and give their feedback portugal they're not the final decision on whether the deal goes ahead or not. getting thirty peers still underway and it's still not clear how tight the new iraqi elations will be some countries want a minimum of outside interference including portugal hungary and greece. china now seems to have its own presence at the negotiating table along with the government heads of the european union. there around two thousand chinese companies doing business in africa well materials are the main focus and africa's a huge market the chinese products are creating the necessary infrastructure to mine resources also as the ideal supply to sell to customers but the africans doing all the hard work of a not being treated right. cruising through kenya at one hundred twenty kilometers an hour the new rail line between the port of mombasa and the capital nairobi went into service just about a year ago it took twenty five thousand kenyan workers some three years to build the initiative and finance behind the whole operation a chinese construction company local construction workers are working for chinese companies throughout africa but unions are becoming increasingly critical of the working conditions. a large number of africans working for chinese companies have no legal cont

china's door. china is being laid at china's door. china is of course the biggest donor to north korea. te with the united states and donald trump believes that the outcome, one of the outcomes of that dispute, is that china is, in effect, backing away from brokering this denuclearisation of the korean peninsula. this is not good for donald trump, is it's we made such a song and dance about the meeting in singapore with chairman kim, and suddenly he is backing away from the commitment, or what is presumed to have happened then. yes. 0ne presumed to have happened then. yes. one would argue that this is part of donald trump's negotiating strategy. he cancelled that singapore summit and then reinstated atjust a few days later, a sort of act of brinkmanship, when he felt that the rhetoric from north korea was not particularly friendly. the outcome, he has described as the story. there have been signs for a while, though, that the north koreans have been dragging theirfeet, that the north koreans have been dragging their feet, and that the north koreans have been dragging theirfeet, and donal

government there but i think it's something google has to do google can't ignore china to ignore china is to ignore the world in china increasingly nowadays doing the right thing is about trading off the evil when i think to. chinese friends actually many of them are hopeful that they can use google in china because they would like that the alternative to the near monopolists which is baidu it would be a really interesting scene if there were two big search engines in china taking out rather than one big such engine in china. google has had a foothold in china before operating there from two thousand and six to two thousand and ten often coming into conflict with government censors then after getting cyber attacked and discovering that the g. mail accounts of chinese human rights activists had been hacked it reevaluated its policy a company whose stated mission is to organize the world's information effectively pulled the plug on itself in china walking away from the world's biggest internet market eight years later google wants back you and it knows that president xi jinping is government will only permit that if go

clause, wed the believe we can send our forces into china's easy or anyone -- into china's eez and china can do the same to the u.s.. .hina believes that, too it does send its military forces and other nations easy's -- other nations eezs. china has a whether right to regulate foreign military activities related to territorial disputes in the , accepting sea china's claims to sovereignty over the inhabitable islands could permit china to expand the eez in which china claims a right to regulate -- forbid military activities. the united states has never taken a position on the competing claims to sovereignty over land features in the south china sea. it does take the position this claim should be resolved coercion, without intimidation, threats, or the use of force and in a matter consistent with international law. in 2013, the philippines sought to do just that. arbitration on the role of historic rights and the maritime entitlements of the south china sea. certain maritime features and the entitlements they generate and the lawfulness of chinese actions that the philippines alleged viola

china china over instrumentalists that welcome to this day. right. twin twenty eight days. in the music business [inaudible] together. richmomond meant that it ist is we met him at all. a lot landing rating since even even thirty years ago. yeah why don't. you want to change and a lady and i'm very sleazy and you can tell us about how it relates. and address last up [inaudible] they lose. is i so so so. structural and yeah. nine times and then try to try. to but in the nineteen ninety nine and ten to two men and the she should clear higher some is ability and the e illegal instance. was what there is tested. another ballistic lately. am ready readings [inaudible] i find. jewish jewish time and he america. and now. as as i usually just means these rigorously [inaudible] my goodness. this is what is missing -- in. and and and and how how to roll we rivers was -- and i look. let's let's what. even even currently. yeah yeah so anyway. is visitors are after [inaudible] and may either. i mean i mean anthony need. a little it was a thinly has last summer. totally when amanda satur

china's deficit with malaysia. large -- theyt a export a large amount of goods to china. they're saying of chinaestment, they could address the deficit. the trade is worth about $92 billion and malaysia is china's in the trade partner region after vietnam. this is an important relationship and a big focus for the malaysian prime minister was to do outreach with chinese investors and say we have reviews ongoing to ensure we don't take on too much debt, but equally our doors are open to what they would describe as a rational and sustainable chinese investment. yvonne: certainly more of a welcoming tone from the prime minister given some of the criticism he has had a some china backed deals in malaysia. tom, thank you. tom mackenzie from beijing. the world's biggest shipping company says the u.s. economy will be hit many times harder than the rest of the world by an escalating global trade war. says they-maersk ceo have not been heavily affected. four volumes, pretty much no impact. the tariffs on steel and aluminum is not really impacting us at all. what is important for us is what happens to cons

china has many means to counter u.s. tariffs it did not detail what those means are. we've been getting hints in the state press as to what china's next steps might be. for example, china'state paper had said china prepared fully for a soybean standoff, saying china has enough soybeans in storage and also will not seek u.s. imports, but will buy from other sources and curb demand. there's been talk about china finding a new way and different technologies for a low-protein technology for animal feed it also said that u.s. tourism will likely take a hit in the next couple of months, there's a huge holiday here in october, it's a week-long holiday. chinese spend a lot of money the press has been quoting the chinese consulate in san francisco which has been issuing travel warnings for san francisco, las vegas, as well as seattle. brian? >> eunice yoon, thank you very much by the way, some of those chinese tariffs now reportedly could be extended to liquefied natural gas. lng is expect ed ed to be one oh greatest growths for this country. there are six under construction, five more in project phase, 11 more being studied. those are hundreds of thousands of construction jobs g

china. china is a great market. liz: not dairy queen blizzard technology? >> no. we have a lot of dairy queens in china. only. i think there are 500 or so dairy queens, something like that in china. liz: wells fargo, wells fargo writes a lot of mortgages. warren, yet another revelation with wells fargo, they foreclosed on 400 homes by accident, because they didn't realize some of these owners deserved loan modifications. just in the last couple hours they have had to fire a bunch of brokers who were fudging on their meal receipts. at with point do you put aside the investment opportunity and say, this is so embarrassing, there is incompetence at some levels, i'm out of this stock? >> people, they have the wrong incentives initially. liz: different things in a row. >> well, i will guarranty you, everything berkshire is doing today with 370,000 employees, we have things are being done that are wrong. i hope we catch them fast. i hope if we do catch them i hope we do something about it. you do not have a town of 370,000 people and leave your doors unlocked. liz: so you're not there yet with wells fargo. ap

china. china's been taking out $500 billion a year from the united states for many years so we can't let that happen so when we started working a little bit against china and we have a great relationship with china. i have a great relationship with president xi, i think he's a terrific man, a terrific person. but we have to straighten out our trade relationship because too much money is being lost by us and as you know, china is the route to north korea. 93% of the product and various things are going to north korea go in through china. so i think that now that we're in somewhat -- i don't like to call it a trade war. and our country is doing very well, but china's having a very, very tough time and i think that china makes it much more difficult in terms of our relationship with north korea. i knew that but i couldn't wait any longer. i have been talking about china for a long time. when i came into office, i purposely didn't do much with respect with trade in china because i wanted to see if we could work out north korea but when you're losing 400 to 500 billion dollars a year and it's going to china, coming away from our country, our taxpayers, i ca