consequences going to the twenty twenty alexion but also for china will be economic consequences there's a fair among some some apparently in china that if they that the talks fail having got this fall then the next round of talks would see the u.s. be even tougher and go sure it's negotiations and also president xi is under a certain amount of domestic pressure because of the economic slowdown in china he needs a victory too on the economy he can bring back some deal with the u.s. would be very good for him so there's a lot of incentive to reach should deal right now there whether that's by march with us it's unclear all right she had thanks for that she had written c. in washington now the rescue mission as been called off in bangladesh's capital dhaka after a huge blaze tolls from several buildings in the old town at least seventy people were killed and forty others injured in a fire broke out in a residential complex which housed a chemical and plastics warehouse it took hundreds of firefighters nearly twelve hours to bring it under control and your challenge he has more from

minister expressing his disappointment in brussels brocking the merger, saying the decision serves china's economic there are now a growing number of calls for the european commission to revisit its anti-trust policy to allow for more cross-border m&a, as china's state-owned crcc continues its expansion across europe john, back to you. >> thanks, seema now let's get to sue herrera for a news update. sue? >> hello, everybody. here's what's happening at this hour secretary of state mike pompeo welcoming the french foreign minister to the state department for a bilateral meeting. high on the agenda, continued support of the effort to defeat isis in syria and iraq >>> pope francis says he hopes his trip to the uae will help relations between islam and christianity he signed a major document during his trip with high-ranking islamic religious figures calling for peace and harmony between all faiths yesterday, the pope acknowledged the sexual abuse of nuns by priests and bishops. >>> here at home, fisher price is recalling 44,000 children's barbie dream campers the power wheels can continue to run after

and now china, of course, is a looming economic threat and militarily, but i think as far as, you know, which one has punched us in the face recently, russia did. and they're gonna continue to punch. >> you've become this outspoken voice on foreign policy, specifically with russia, because of your intel committee assignment, but if you ask all of the heads of all of the intelligence agencies, anything that they agree on, besides agreeing that russia interfered in our 2016 election, the thing they most agree on is that china actually presents the most severe and significant long-term economic and national-security threat to this country. why, if that's the case and you believe that, do you spend the overwhelming majority of your time on russia? >> yeah, i don't spend the overwhelming majority of my time on russia, but on the -- >> certainly on talking about it, certainly on television, certainly in your tweets, and certainly, also, on your legislation. i mean, the largest bulk of legislation that you've written has been in response to the president and also with respect to russia. >> i

it's been a big week for economic news — with everything from slowing economies in europe and china — it all is dharshini david, our economics correspondent. the us and china moved closer to settling their trade dispute this week, or did they? all eyes are on that very tense relationship between the two. they have called a 90 day truce in the trade war, and that expires on the 1st of march. at that point, we could see tariffs being raised once again. has there been any signs of any progress? well, they have been meeting and i have said that they wa nt to meeting and i have said that they want to meet again. now, of course, women like us know all about the dating scene. it was a while ago. of us. but we all know that one date and suggesting meeting up again doesn't necessarily mean you are going to live happily ever after. there is a long way to go. it depends if they keep texting you after that first date. do you think that happens? president trump seemed quite attached to his phone. they have thrown the rule book out of the window, they might have done the same with the dating rule b

financial system technology but the energy dominance is intended to be able to consider contain china economic to russia as well with good nor extreme in. their initiatives and you see therefore you see the blueprint iran is the blueprint thank you for bringing that up because it seems to me as this you know polar moment evaporates this is accounts for the belligerence the united states now. you know i think symbolizes the the rhetoric coming out of john bolton's mouth is that we see this threatening rhetoric against iran it's always been there but it's really been ratcheted up right now and we have this also seen china as a threat or as the polar moment evaporates to maintain that had germany. there is there will be. on the table as they always say the use of force yes and i think iran is a new example it's quite clear that they expect to be able to crush the economy and drive people into such poverty. that they may rise up and overthrow your historical evidence of that happening why do they continue down a path where. the blueprints for those kinds of changes never come about facing because.

the united states is asking china to change its state led and planned economy, the party and the government should stop interfering in economicat's unlikely for china because that's the model of the chinese economy and what they have been running the last 40 years. the olive branch the chinese government is offering so far is introducing the foreign investment law which will somehow try to prevent the forced economic transfer. who stands to win or lose out of this, we often said no one wins in a trade for bob are some real losers who could be severely affected and i'm thinking about the global supply chain, we don't realise how interconnected countries are fun to trade. most of the business sectors are explored orientated, china has served as a very important hub for the double supply chain. with the chinese economy slows and china can no longer provide the hub function, what is the next so—called china to replace that? there's clearly challenge is there of trying to get the deal done. but how optimistic are you that there will be a breakthrough? the clock is ticking, pressure is on, will it happen? as i said, it will be a pa

if you step back, it seems to me --t china has a moving away has been moving away from market-based economic reforms and towards more central planning, morris they control. state-controlled. will that change? the trade talks will be market opening, market-based and we think if china opens their stops ato us and china lot of the difficulties with ownership and technology transfer and so forth, we will export huge amounts of goods and services legally to china. if this is done right, both and thed both economies world economy will benefit and prosper, ok? to stop unfair trading practices, we have got to make this reciprocal, have the rule of all and that would help stem china's economic decline. right now, as you know, i said this three or four months ago, i wish ill. market-based economies work. the ip theft issue, have they admitted to that taking place? they have got to admit they are at fault first. have they done that? larry: there has been acknowledgment the problem exists. i do not want to go deep. one of the points of success in said earlier,s i a lot of specifics were put on deepable

united states is really a very dangerous sign so the sort of possible in circle moment over a china's economic and military might. be just really watched and to see what could really do afterwards trump is always say. he recently he's been saying that he would be open to a new treaty with china be open to joining a new change the perhaps between america russia and itself. well it is always the principle of china. china will never aggress over other territories over other nations' national security and china will a lot of peace because of the four decades of open door and reform the chinese people earned through their hard work and also through their close perception of what really peace means for people's life so china would like to see world peace on the regional peace. so i think chinese government is. getting a very much involved. defending the chinese national interest by bringing the the patient from the escalation so i think china is proposing a friendly and sincere dialogue so i think china's position is rather open as how to maintain the peace and stability of the world and particularl

economic and policies that matter. we will be speaking with big names, u.s. chinainess council, china asset management, and a china chairman. that is weekdays from 8:00 p.m. new york time, 1:00 a.m. london time, and 9:00 hong kong time on a.m. bloomberg television. now, as we come to the end of another week, the clock continues to tick toward march 29, when britain is scheduled to leave the eu under the terms of article 50. it is unclear what kind of brexit the uk's heading towards. so, how can investors play sterling? here is what we have been hearing. >> as brexit uncertainty continues to swirl, some analysts are trying to forecast events that many of their peers have said is untradable. naraj patel says that in the event of the shift toward a softer brexit, he'll strength in -- cable will strength between 1.38 and 1.40, and that a hard brexit could still boost the pound. he says it could settle between 1.34 and 1.35. but extending article 50, increasing the uk's political limbo, it would be the worst of all, taking it to 1.30. david bloom of hsbc says staying in

how can china keep that, how can be thenforced, what will benchmark for success? will chinay, surrender some of its more economicmbitions in an era when the u.s. and china are competitors rather than partners? yes, you can see china buying more growth and taking steps to let american companies operate more freely in china, but when it comes to putting a break on china's ambitions, i don't think anybody really thinks she's you think he will make major concessions in that area. will makexi jinping major concessions in that area. >> oil plunged on both sides of the atlantic after president trump again tweeted that prices are too high. he also called on opec to "take it easy." recently rallied on optimism that the cartel would go beyond what it had pledged to balance the market. an overall price gain of 20% this year due to production cuts of opec and its allies. the united states has announced more sanctions on venezuela claiming that the maduro regime blocked international aid convoys. mike pence says this was the desperate act of a tyrant clinging to power. groupcall on all leader nations to immediately freeze th

haidi: in the broader context of china's economic relationship with new zealand, how reliant is new zealandde with china? matthew: very reliant. china has become new zealand's largest trading partner. takes ays a lot, quarter of all of the goods exports. the surge in chinese tourist numbers in new zealand has helped make tourism our largest exporter. any tearing of the relationship could have significant economic consequences for new zealand. sophie: with those economic ties, what is the new zealand government saying about its diplomatic relationship with china? matthew: ardern has fought quite forcibly about these claims about the deterioration in the relationship. she says the relationship, while complex, remains strong. she accuses the opposition up fear mongering and misinformation. she says there is nothing to see here. i think there will be quite a lot of scrutiny on this relationship for some time to come. sophie: our wellington bureau chief matthew brockett in this latest chatter. you can get a roundup of the stories you need to know on this edition of daybreak. it is right there on

the water and therefore they are now trying to focus also primarily because of the progress on china economic order dulce so did want to become a part of the chinese have red gums that they're so does of course and raise billions of dollars in budgets on perhaps the highest rates also the chinese announced over forty five billion dollars and then brought structural projects in all of that so did warn people to people relationship to focus on the prime minister cone britain's. dollars in august on a prisoner languishing in so d j is a crime and should be delayed because they've got close to his heart and that their families while waiting in august on anxiously for them the saudis then read just announce that they are releasing over two dollars in august on a prisoner who are in jail and saudi arabia it must also be understood that one of the large there's progress on the population and of god as they did saudi arabia almost two point five million buckets on a label and white collar. dad to hide it joining us from as i'm bad science can all . but as well as government members of the european pa

the u.s.ghthizer said team is pushing for significant structural changes in china's economic model asas ways to ensure beijing keeps its promises. his downbeat comments contrast with president trump's apparent optimism. president trump's former legal fixer has laid out a litany of allegations against his former boss, despite being assailed by republicans as a convicted liar seeking publicity. michael cohen said everyone's job is to protect trump and that most people know they are expected to live for him. fed chairman jay powell has told see that it is hard to slashing regulations has boosted economic growth. saying that while the tax cuts have given a short-term lift, the long-term results are hard to predict. he said he plans to announce plans to shrink the fed balance sheet in the coming weeks. >> we work out the framework of a plan that we hope to be able to announce soon that will like the way all the way to the end of balance sheet normalization and that will result in the end of asset runoff sometime later this year. >> global news, 24 hours a day, on-air and @tictoc on twitter

china. we know, we understand what we need economically, what do we need from them militarily.is this going to hurt us with north korea. >> we have a summit coming up and i don't know how we could make it harder. we're in a trade war, now we're talking missiles. we want north korea to to give g range and medium rank ballistics. we're going in with two strikes against us. >> thank you for being here. he's an msnbc national security analyst. >>> now to the east and setback for israeli prime minister netanyahu. they postponed a decision on whether to indict him on corruption charges. that's interesting. they recommended netanyahu be indicted on charges he received expensive gifts from rich my friends and granted favors for more positive news coverage. in an article he said the attorney general was giving into pressure to indict him. despite the legal drama, he's still the favorite to win in april's election. last week at the economic forum, i spoke with the former u.s. attorney libby about the election process. >> it is based on security, peace and identity and this is connected d

china's trade and economic policies are coordinated through five-year and 10-year plans. those plans are backed by china's resources. they are aimed at fostering national champions, advancing china's economic and technological ambitions and ensuring full employment in china. they are implemented at the expense of other economies in the theft of other intellectual property and without regard to the global trade rules for human rights of workers. these are structural economic challenges that american workers and companies face in trading and competing with china. while this administration confronts the same challenges with china the previous administrations haves afaced, it's chosen to use tactics and tools that previous administrations of both parties did not. the administration's tariffs have been sweeping, disruptive, controversial and for some sectors painful. the administration's promise is that high-risk approaches will yield high rewards my concern is that we are about to see the administration use the same from time to time ineffective playbook that has been applied

and china's economic slump, we are passed it. do you buy that argument? eddie: not sure just yet. i still think there are a lot of problems out there, china is working on their economy and i think it's far too early to say we are clear of those hurdles. also, even in the u.s., where i'm still optimistic, but i still think there are big problems with china and other areas of the world. the idea that the fed targets the stock market or that this bed put is out there. this seems to be taken more seriously in light of the fed's response to turmoil lately and some things that chair powell himself has said. do you buy that? what do you make of the fed's view right now on the stock market? eddie: they say they do and they do pay attention to it, but given volatility, i think they were spooked last year when they saw the drop in a lot of construction related stocks in october and november. i think that helped them change their mind. i think the expectations in the fed futures, that affects -- it is a two-way street. i wouldn't say there is a fed put but they do pay attention to the market

china sees it being driven. the idea is to link 10 cities in the southern chinese mainland. the economic powerhouse of china. ng and macau much more closely into it. hong kong is set to become this international financial sector which is going to be able to help drive economic growth, drive finance into southern china. macau these it's a becoming a tourism and leisure center, but also a center of a former portuguese colony. also a center for portuguese language yuan trading and other portuguese language trade. they are talking about reaching out to brazil. a huge, great big plan. the document being released is light on some detail though. haidi: there is some anxiety for those that are resisting greater integration. david: that is one of the details i think we need to look at, because a lot of people in hong kong worry that closer economic ties with china is going to erode the one country, two systems, the autonomy that guarantees the independent policy and political system in hong kong. it is something that has been raised, the united states has raised it when it talks sometimes about the close economic inte

no doubt 2018 was a weak period for china's economic growth.hery: thank you so much for your time today, peter. you can get a roundup of the stories you to know to get your day going in today's edition of daybreak. user terminals or on mobile in the bloomberg anywhere at. you can customize your settings so you only get the news on the industries and assets that you care about. this is bloomberg. ♪ t. this is bloomberg. ♪ haidi: let's get a quick check of the latest business flash headlines. top apple supplier foxconn says it will go ahead with a new factory in wisconsin after talks between the chairman and president trump. the announcement is a reversal of last week's news foxconn was ready to abandon a project with the promise to deliver 13,000 new jobs. foxconn secured massive incentives to build the plant. wisconsin's new governor says the deal is quote, lousy. haidi: a group is selling his last plant at a hong kong airport, ending plans for an enormous residential project. the land will be bought for about $500 million u.s. they raised almo

beginning, to what extent will japan be able to decouple its relations with china on the one hand, have strong trade and economic relationships while continuing to view china as a -- not just a strategic rival, but as a military threat as well. >> okay. eric, just simple prediction. is there going to be a u.s.-japan trade, banana, whatever you want to call it, this year and how does your -- it's a yes or no question. and how does that -- your judgment on that affect ability of the u.s. and japan to positively or negatively to work on other things first of all in the trade and economic realm whether it's the tri lateral work with the eu on the agenda of, you know, forced technology transfer and state enterprises or broader things in the alliance that they could be working on other than this which is going to take a lot of time. so, first yes or no question, is there going to be a deal or not? >> well, i guess so -- >> that's not a yes or no. >> i think the odds of an agreement of some kind that have trump administration will claim as a victory by the end of the year are decent. whether that is a comprehensive fre

earning results earlier which were very positive amidst all of these economic headwinds, economic slowdown in chinaral economic and political uncertainty. are you seeing that reflected across spending? tom: in our business we are doing very well and looking forward to a strong your ahead. cybersecurity is not something that is negatively impacted by those trends. every enterprise needs security solutions more than ever. that is a good reason why our security business is growing so rapidly. 2019, welook ahead to are seeing a strong year for growth and with our earnings-per-share, we forecast the midpoint of the range at 14% year-over-year in 2019. emily: how big is the addressable market for your security products? tom: i think it is very large. today we focus on the denial of service prevention and something application layer attacks -- stopping application layer attacks for consumer websites. there is a much bigger market protecting enterprises with their employees and applications and data from, for example, data breaches. we have developed a new zero-trust security architecture we are bringing t

look at copperas industrial metal, demand is often seen as a proxy for heavy industry stocks in china's economic strength or weakness. china accounts for about half of the global demand. morgan specifically says china's thirst for copper is expected to pick up this year and could drive prices from where they are now, $2.78 a pound to $3.12 a pound. trade credit insurer has a new report out saying business failures and insolvencies in china will rise 20% this year. that on top of 60%. take a leap of faith because we don't know the outcome of trade negotiations, but where is the trade you see far viewers. >> i'm sorry. liz: that's okay. i wouldn't get too far ahead of the curve here. they are kind of getting over a little bit. it is not over until it's over. back and forth, eventually this will get resolved and all of those industries in fact there is better than negatively impact did will be the heirs of any trade deal. just pick your poison. all of those hurt by it are clearly going to benefit if the deal is done. liz: i know how you think. is it like that the caterpillars and the billions of th

the thought was, if we help china long in terms of developing them economically, that political reform will follow. we lost that bet because that hasn't happened. china has doubled down on authoritarianism and they are fundamentally run by a very close chinese communist party. when you think of china, you could unchanged and think of all the wonderful things that's inside the culture of that country. you have to think of who runs it, chinese communists running and they run it with absolute iron hand and control of the people. what they are about is now in writing and in public discourse it used to be in the closet, so to speak, until the president came along and he has set some serious for minimal goals for them. one to dominate and control the pacific, the asia-pacific region at the expense of the united states, and to try to drive us out of there and cut off the relationship that we have with our allies. two, to replace the united states. in the late 2030s, 2040s we replace some of the world global leader and they are about doing this to have a couple pillars to accomplish it. one is

china wants to strengthen economic friendship with neighboring countries. but india has been a reluctant member. rcep also generates a lot of economic benefits. mainly because china's level of protection is still high and india's level of protection very high. rcep negotiations, out of the total 19 chapters, seven chapters have been basically agreed on. some progress is going on. but there are difficult chapters which are market access issues, in particular india is very much afraid of the negative impact of trade liberalization on domestic industries, because already chinese -- cheap chinese products are now flowing into india. india would be further exposed to chinese products. intellectual property, ecommerce, these are difficult issues and differences in views among countries relatively large. but negotiation will likely be concluded this year. china's softening position and, of course, it depends on india's election outcome. hopefully, modi continues to be supported and can be more forthcoming because a lot of time -- more time and leeways are provided

economic weakness. case in point is apple and china.will get news .ater of the playstation 5 that will be an important factor. sony has other important bets on semiconductor technology for both cameras and 3-d sensing. essentially, those should provide engines going forward, as well as his ability to turn out hits from its movie business. those three pillars are the ones to watch, the movie business, semiconductors, as well as playstation. just making sure all of those three engines are active at any given time so the company can keep going forward. was a 2.5ate reaction year low. the question is really how analysts will adjust their outlooks, at least near-term, and recommending on sony going forward. yvonne: you talk about some of these headwinds, at least in the short and medium term. is there a sense that this is what we have been hearing, or is it sony's specific story? perhaps we have reached a peak when it comes to growth from sony. moment.think it's the you can lump it together with the rest of the tech sector. toy is just as vu

perhaps been a little more successful in extracting concessions from china than the other way around >> i think in terms of the economic exposure, china is obviously the one suffering more you can see that last year the stock market in china has been underperforming significantly versus the u.s., but that has narrowed towards the end of the year i think because of the economic ek posure of this trade tension, china is suffering much more, and that's why the u.s. has been quite successful so far in getting concessions out of china. i think there would be a point in time where, you know, china will only accept reasonable compromises. >> right so we're getting closer to that point, as you say, because president trump doesn't really have the incentive to apply extra tariffs here given its approaching the says next election just in terms of what resolution we're going to see yes, we could see something potentially a deal on the good sighted of things, but until intellectual property, the technology transfer, i mean all of these types of issues will presumably take a long -- a lot longer to be resolved, and the question is w

china once to send an economic friendship within neighboring countries. but, india has been reluctant member. also, it generates a law of economic benefits mainly because china's level of protection is still high in india's level of protection is very high. as the negotiations out of the total 19 chapters, seven chapters have been basically agreed on going on but there are chapters which are market access issues, in particular india is very much afraid of the negative impact of trade on domestic industries because cheap chinese products are now flowing into india and india would be further exposed to chinese products. intellectual property, e- commerce, these are difficult issues and differences in views among countries. the negotiation will likely be concluded this year. china softening position and of course it depends on india's election outcome. hopefully, they will continue to be supported in this term and can be more forthcoming because a law of time, more time and leeway provided to india. after all, india has kept the gdp at the same as com the co

/china economic relations. last year we asked if economic relations would -- if you can put up the slide, please. we asked if relations would improve, remain the same, see gradual increasing friction or deteriorate in a trade war. and i think overwhelmingly people came out either in c or d. and i think that was a pretty good prediction in the sense that in 2018, the trump administration imposed tariffs on plus or minus $250 billion worth of chinese imports. china retaliated on -- i've forgotten what the number is. 100-some billion worth of u.s. imports into china. and we're obviously caught in a discussion now. so we're going to ask about that. and we're going to now have a new question, which is, will trade tensions between the united states and china be resolved this year? i think is the implication. the question. so you've got four answers there. interesting. keep voting. we're drifting a little bit there. no, i'm still holding out for b. here. but -- okay. we're close. bill, do you think the audience is in

that includes the impact of china's economic slowdown. pretax profit came in below expectations at just under $20 billion while the bank's ct ratio also dipped. as you can see, investors unimpressed by these results down 3.5% as we speak. now, cfo use been stevenson told cnbc that market conditions in the final months of 2018 grew particularly challenging for the firm listen in. >> we went in for a disappointment and we did commit to positive tours. we were very much hit by adverse markets in november and december, which meant that we saw readiness drop about $1 million frm relative to q3 costs were up 5.4% we had negative tours of just over one i think underneath that cost growth what you saw is a continuing commitment to invest very, very strongly into a combination of growth and digitaltransformation. investment growth was up over 10% on the prior year. i do think as we go into 2019, you'll see it's continuing to invest heavily, but i think we are already starting to be a bit more cautiouson some of the head count growth we would have

we're getting word that china's economic czar heading to washington, d.c. later this week.trump getting closer to fulfilling a major campaign promise? ♪ with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. we're the tenney's and we're usaa members for life. call usaa to start saving on insurance today. and we're usaa members for life. state of the art technologyt makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. charles: we're waiting fresh comments from president trump. first let's talk about the trade negotiations between the united states and china. they resume today in washington, d.c. joining me to weigh in, david nelson has come back, money map strattist dr barton joins us. bloomberg reporting that talks are focused on china no longer manipulating their currency so they don't get around potential future tariffs. this might be a mak

they say that china's economic system cannot be changed. to be state-owned enterprises and these so-called national champions and that's the target of the talks, so i think the president is right. the signing ceremony in which the president of china actually legally agrees to this new framework is going to be a big try triumph. liz: what about huawei, there is a group of senators pressing the u.s. government to exclude huawei from providing solar energy generation not to mention networking equipment. how important is the u.s. market to huawei and that's been a real point of contention. >> yes, it has, huawei is a problem that the president has already said he's willing to kind of mix into these talks and consider. huawei has got some advantages and they've already sold a lot of equipment inside our country especially in small towns and rural areas. liz: is that a bad thing, michael? the fear is that they've inserted and i have this from very good sources, that they've inserted spying equipment within it. that has been the very public accusa

only friend in the region happens to be china and because of the economic interest that it has because of the part it plays in the china pakistan economic program so that would sort of sustain pakistani economy clearly but it is going to be a blowback effect on pakistan in turn especially we have already seen the white house condemning the attack in cast me in heavily on digital undeservedly at the same time they were already given. indicates thems that i need to do something from the european quartus also we are witnessing something similar that our c.e.o. who was coming lynch him closer to pakistan in recent years in terms of produce arms do is also reluctant to be a partner in any kind of to at least strikes in india so it doesn't walk down when on pakistan in the long run it doesn't bode well on the customary eskridge instance in the long run want to do is going to do is keep the indians march is to control the territory much stringently primary. amma lendu. electorate in south asian politics from lancaster university thank you for your time well spain's prime minister has called t

national security and state department responsible for china policy told the committee regardless whether we are talking about the chinese economic coercion, human rights or the south china seas. military or diplomacy and hope that that's going to be the silver bullet. do you agree with that? >> it's going to take a whole of government approach. >> can you say a word about that quickly about why it's important to use all of our tools of national power and not just military power for the united states and the region it is our values, and whether they are allies, part or his or nations that merely aspire, they compete more pronounced china is china s starting dollars around very perniciously through the mechanisms we talked about earlier we need strong sustained investments in education and research thank you mr. chairman. what ca can congress do to help better fulfill the mission. what do you need from us? spinnaker support the last two years has been incredible. having those budgets it could be executed and it's critically important to the efficiency of the department of defense and execution of all th things we do from contracti

power and economic have to china there are very few countries around the world that can stand. by and i mean we're starting to see the u.s. obviously with the trumpet ministration pushing on the trade but we'll see how that ends up we've seen the e.u. germany in particular in pressuring china for opening up the financial system but at the end of the day it's a it's a good point i mean who what can you do to pressure the chinese government act and behave any in these waves when you have been quite developing road initiatives that have billions of dollars that are going to africa and countries in southeast asia we've these countries all going to the chinese government how can you when you have even the u.s. or the chinese government being largest purchaser of treasury bills how do you how do you fight effectively that economic hat that china and the let's look at the bigger picture and try to give credit if those and it's of the chinese government about this particular measure introduced don't you think that's from the own words a please as far as we are concerned as far as the

as it battles with china, economically, politically and militarily, one small country is saying it's taiwan, off the coast. taiwan's president sat down with cnn for an exclusive interview. the threat from china was top of mind. >> translator: china's ambitions and aggression are not just targeting taiwan but also other countries in the region or even worldwide. >> reporter: taiwan is a vibrant democracy of 23 million people and the close u.s. ally self-governed nor seven decades. but beijing still considers it a part of its territory to be retaken by force if necessary. and since he took office, chinese president xi jinping has increased military drills near the island. >> translator: the military threats china poses on taiwan grow every day. >> reporter: the threats faced here could increasingly affect what the u.s. might see from beijing. thai's government say china might have meddled in the government last year not unlike what russia did to the u.s. in 2016. beijing denies that. the trump administration believes china could to the same thing to the u.s. in 2020. and then there's h

possible sanctions to lift on north korea because i think china's concern the biggest concern of china is economic development of north korea when you talk about china are you talking about the chinese authorities or both the chinese people because you're very much coming from a social media perspective yeah. the chinese media chinese state media. about the chinese public actually they also don't think that it would be such a remarkable some eight they were after this break people on social media they were saying that we know that this is a political show and it's just a comedy and we're laughing about it. a comedy ehrlich or a major setback for the u.s. president. i don't think it's a setback at all i mean i think the expectations were probably a bit too high driven by trump himself yeah but he was trying to skill things in no rush but at least we're talking i mean let's roll back the clock to a year and a half ago fire in fury talking about rocket. rocket missile tests towards towards it was a really tense moment. but it's bigger than your button then this is only a year and a half ago another s

stable economic china. most people have forgotten under george w. bush's administration. six weeks after he took the oath of office, an american spy plane was down. a chinese fighter jet ran into it. we landed safely on an enormous air base and plane, although taken to pieces and photographed was sent back. that would not happen 20 years ago. at that time, $800 billion of trade was something the chinese were not ready to give up. our relationship has been problematic and it did need to be shaken up. as consumers good bargains from china with their manufacturing. and the walmart of these had the trading relationships with the china individually. this sucked us in. w t oh comes in and tries to come in and we are are under this illusion they are played by nwto rules. rules. it is part of a larger strategic issue. it is like great britain and the united states at the beginning of the 20th century, both economic rivals, one coming up, one going down. huge difference is both of the democracies, to be charitable a

future as he's presenting in this belton road the belton road it is the intention by china to create your asian economic superpower with china at its center notice that they're doing it through trade not through threats not through threats to invade not through threats of throwing marmite jars at them and we have. our you know it's none of that is just trade the way the very old fashioned way the way the world used to work two thousand and three thousand four thousand years ago this means a system of very gated trade networks strafing the world a kind of twenty first century silk road the ancient network of trade routes that connected east and west and was immortalized in the works of the explore marco polo china is putting together nothing less. then an interconnected system of transport energy and digital infrastructure that would gradually develop into industrial clusters and free trade zones and then an economic corridor expanding construction logistics energy manufacturing agriculture and tourism culminating in the birth of a large your asian common market to put it more simply chinese in americans