largest chinese school. enrollment totals 16,000 from kindergarten to high school. the school was originally founded for immigrant chinese to learn their native language cambodian parents have been allowing them to learn chinese. chinese signs can be seen around town. >>> chinese companies dominate cambodia's garment industry. this episode follows the growing influence of the chinese community in cambodia. >>> this man migrated to cambodia 16 years ago, he serves as a consultant for chinese companies here. today was the mid item harvest festival. a major chinese seasonal event. parties organized by chinese residents were held all over town. he attended a party for people from his home the venue was a chinese restaurant owned by one of them. he mostly gives consultation to clients about b2b problems and relying on his network of acquaintance acquaintances to several hundred employees. >>> few residents find it necessary to go overseas. among meetings of chinese citizens in cambodia, the group was relatively s

largest chinese school. enrollment totals 16,000 from kindergarten to high school. the school was originally founded for immigrant chinese to learn their native language cambodian parents have been allowing them to learn chinese. chinese signs can be seen around town. >>> chinese companies dominate cambodia's garment industry. this episode follows the growing influence of the chinese community in cambodia. >>> this man migrated to cambodia 16 years ago, he serves as a consultant for chinese companies here. today was the mid item harvest festival. a major chinese seasonal event. parties organized by chinese residents were held all over town. he attended a party for people from his home the venue was a chinese restaurant owned by one of them. he mostly gives consultation to clients about b2b problems and relying on his network of acquaintance acquaintances to several hundred employees. >>> few residents find it necessary to go overseas. among meetings of chinese citizens in cambodia, the group was relatively s

this has been the biggest cloud in all of american chinese -- chinese-american society.lack america history as well. >> u.s. family endured and prospered. symbolized by this rare photograph. >> it showed that my grandmother and his colleague, business colleagues were on equal footing with the white businessman. >> finely. >> yes. i must say walter hass and his associates were jewish and they may have felt persecution in their history as well. they loved san francisco. walter hass was born in san francisco just like my grandmother. they shared a bond. they had to struggle extra hard to get ahead. they talked about how to improve prayed through u.s. and china. it would improve relations. >> as sun li points out china town evolved into unique community. >> talk about grand avenue. >> this part is the most picturesque and visited by the community. it was built by the people who survived the earthquake and wanted to reinevent china town. >> you have the ideal chinese american family living in the public housing. so we have a happy endsing that ends of this hundred years of ch

the chinese claimed the entirety of south china sea as chinese lake.on scare miles and as i understand, this is breaking news, if i understand from what i've read, this was close to the philippines. neil: right. >> maybe within the philippines zone. this is harassment. look, you're operating in what we consider to be our lake and we are not going to put up with it and we are going to go after you. they have done similar things to us. neil: going back to the famous donald trump's phone call from president of taiwan that really started this in that neck of the woods and that this is just an escalation from that. >> well, we don't know, the chinese will have to tell us. we have seen the sort of incidents before. we've seen when our surveillance ships have been -- neil: you find it odd that this long 12 hours that they have ignored us? forget about responding. tell us to stick it or whatever. they are not saying anything. >> well, this is how the chinese operate. they don't want to escalate crisis but they wanttous take on board and wonder why they did thi

chinese relationship. whether it is economic, military , security, is the most important relationship. and therefore, make decisions based on a lack of information. it is very dangerous. beijing is not overly insulted by what was said , or that people are thinking this is the policy. we do not know what the policy is yet. >> let's see. right here? >> i am a reporter with the chinese news agency. doctora question for kissinger. my question is, some people say the phone call was just a diplomatic number by the president elect due to his lack of knowledge. >> i think secretary kissinger has made it clear he does not to talk about those issues that you are raising. so, let's move on to the next issue. >> my question is, some people think it might be mr. trump intentional move to test china's spotlight. china's reaction could be read as weakness, leading into more provocation and bullying. my question is, how would you deal with that? >> look, i have tried to explain .o this group i have now seen 10 american ad

after the chinese sailors yesterday stole this navy drone, the bowditch apparently radioed the chinese ship that took it. they demanded that they give it back. the chinese basically said, yeah, we hear you, then they sailed away with it. the u.s. has now issued a formal diplomat complaint to china over this issue. it's not entire clear why china took it. this is not like when they kept our high tech surveillance airport that crashed on hainan island and sent it back to us in a number of boxes apparently trying to reverse engineer as much of the equipment as they could. this little drone thing, it's cool, but it's not going to have a lot of intelligence value to the chinese. this is a commercially available thing. if china wants one of these, they're expensive, they're about $150,000, but you can just buy them. this particular one does belong to the u.s. navy, though, and china taking it and refusing to give it back is basically just a one-finger salute to the united states of america. it's meant to be an embarrassment, meant to be an insult, meant to be a diplomatic provocation. and th

the chinese market is not a real stock market.s not connected to fundamentals, either profits or the economy. because no one knows what the proper level is, it's a casino. >> chinese stocks in a bear market for the second time in seven months. down 20% from the december high. >> my take on china is china has a serious challenge and set of challenges to convert from exports and construction stimulated by easy money to domestic consumption of goods and services. so, yes, it is a serious problem, but is it something easily surmounted or is it a disaster? people have gone from the first to the second. ♪ angie: january's worst-case scenario did not come to pass. but throughout the year, the financial world kept a close eye on economic data coming out of china. let's take a look back at some of the most significant numbers. ♪ >> a day of dramatic headlines with china dominating the news. the pboc governor broke his long silence. what did he say and what was significant about it? >> his key message is we are not going to push the currenc

a chinese economic group picked up to 7% last month. surgeon trading volume on the yuan.e you on -- jan -- to the $4imbing billion in december as of monday. the jan -- yuan -- is unemployment rate unexpectedly rising the first times in three months. meanwhile, inflation dropping more than anticipated to success of 1%. the boj has said japan will take in deflationrward in 2017. to sheila having an absolute nightmare this session. dipped down about 12% in tokyo, the lowest in a month. as its u.s.ss nuclear business and businesses like westinghouse. that is of course it's subsidiary. nikkei thing is about $850 million. nhk exciting $4.3 billion. -- expecting $4.3 million. have quitlawmakers the ruling party since voting for her impeachment. the force was surely with disney over the holiday weekend. rogue one, a star wars story comic collected some $96.1 million at the box office. beating the animated feature saying, which came second. this is what it looks like market wise. japan on the way up at one corner of 1%. that one pretty much flat

the chinese yuan against all other currencies, the chinese yuan is not particularly weak, so that is. the second point is that the dollar has basically searched recently. if you take the revaluation reserves, that basically probably marked down the chinese reserve by 32 billion dollars, $33 billion. the second thing is expectation from the chinese residents that the chinese aren't might depreciate and that is why they are trying to pack up and take the money out of the country. billion or to $30 some amount. if you take those things into consideration, there is capital flight, but it is not as severe as the numbers that show. the key point is that this is a policy that cannot be sustained. they need to do very dramatic reform in the foreign exchange market. they have to float the exchange rate. you cannot control both foreign exchange rate and interest rates . it is impossible to do both. at the same time, having capital mobility. they are trying to achieve three things at the same time and it is not possible. the chinese government has to wake up and realize that you cannot do this

year, a new roller coaster for chinese markets in particular.t would have to be early. >> do you think the circuit breakers that are designed to mitigate volatility actually contributed to it? >> some are saying it did. >> china is having a night. eating to work very early in 2016. sources say the nation has taken steps to support equities and currency following yesterday's 7% tumble on the shanghai composite. >> sweeping intervention today by the government, intervening to shore up the stock market. they intervened for currency. and the bank putting into the system to keep a lid on borrowing costs offset capital flow. >> you're not seeing a hard landing, right? >> i think we see a hard landing already and we had a hard landing in commodities. we might have a hard landing in the economy. the chinese government soft land the economy without a big disaster? yes. meeting as theed worst start for chinese markets in decades. the reference rate by the most since august and a forced global exchanges to shutter early. circuit suspends the breaking rules

-chinese relations in the future.t may be cloudy now but it will clear up and be sunny in the coming years. [applause] mr. orlins: last, but certainly not least, i want to thank both secretarial bright and secretary -- secretary kissinger and secretary albright for joining us today. you have both contributed to world peace in ways too numerous to enumerate. if i started to list all of your accomplishments, we would not have time for any questions. so i just thank you for being here. let me start with the question for secretary kissinger. secretary albright: can i just interrupt and say how happy i am , to be here with you and with my good friend henry kissinger. you mentioned today was the 20th anniversary. well, dr. kissinger was the first person to call me when i was named secretary of state. and he said, madeleine congratulations you will do a , great job but you have taken away my one unique characteristic of being an immigrant secretary of state. and i said, no henry. i do not have an accent. [laughter and applau

. >> new year, a new roller coaster for chinese markets in particular.rading had to be closed early. >> do you think the circuit breakers that are designed to mitigate volatility actually contributed to it? >> some are saying it did. >> china is having a night. plunging team getting to work very early in 2016. sources say the nation has taken steps to support equities and currency following yesterday's 7% tumble on the shanghai composite. >> we had sweeping intervention today by the government, intervening to shore up the stock market. they bought financial stocks. they intervened for currency. the central bank intervened with 20 billion u.s. dollars to put into the system to keep a lid on borrowing costs offset capital flow. >> you're not seeing a hard landing, right? >> i think we had a hard landing already and we had a hard landing in commodities. we might have a hard landing in the economy. >> can the chinese government soft land the economy without a big disaster? thanswer is yes. >> china's stocks regulator is said to have called an unscheduled mee

but one of the major decisions there were constant clashes between the chinese san the soviets. and we would look at the map and come to the conclusion that russia was the attacker in these circumstances. so we have the problem of deciding that these two countries where should they be? and we decided it is not in the american interest in the moves that culminated 1971. and in my first meeting so now, here we are and then and said what is so mysterious about china? i forget it was negative was but he said think about it. we hundred million of us and to in so that we ought to learn of feet to others thinking and motivations and butter is applicable today? >> and with the carter administration working with the national security council i was there with the normalization. and i watched wide had been in fact, an organized way to follow up on what dr. kissinger had done to proceed with normalizing the relationship. i was sitting aside the situation room constantly seeing different people go with and then all of a sudden wonderful moment came back with the chinese leader coming to the

. >> that's a typed chinese script.t on your computer. >> no, i don't have it. >> so where did it come from? >> very hard for chi to explain. we thought we had him. we really thought he was going to turn and talk to us at that point. but he didn't. he dug his feet in, and it was frustrating. it was frustrating because we knew -- we knew that he knew we had him. we all knew that he was lying, and he just refused to open up. >> when i interviewed chi mak for the second time, with omar lopez, another ncis agent, i'll never forget walking into the jail and chi waved at me. very unusual to see chi mak wave. i really thought the way our interview ended two evenings earlier that he'd never want to talk to me again. but that day, he waved, and he wanted to talk. so we brought him in. we didn't really have a great plan for how we want to talk to chi. we just started talking to him about the navy and its technology. and we built rapport. chi mack wanted to be the smartest man in the room. he wanted to be the professor. we therefo

not from the chinese point of view.hey put up a number of articles that the radar, when it is converted, takes hours to convert, when it is converted to long-range it has 1800 mile range. that covers the chinese icbm silos, all of them, and that is enough missiles at the site in south korea. the entire chinese icbm force, according to them, was neutralized. and fairly cheaply. this is kind of interesting. graphics a number of they have published showing that what the radar an in japan can do. the chinese are thinking ahead, but they are asking what is the cost, of ballistic missile defense compared to these very, -26 cheap df-21 and antiaircraft carrier missiles? that's two things for you -- taiwan and the price of countering the opponents. >> that's right. andy? -- like talkedng about the chinese looking at multiple dimensions. one thing that really strikes me about taiwan, and i hadn't thought of this until a colleague raised the issue in his book, is to some extent taiwan really functions in a similar way to west ber

so the initial chinese reaction was quite muted. the scwebt kin ease reaction has gotten stronger because again, it wasn't accidental. how serious, potentially very. i don't mean in the sense of a short-term crisis but essentially so much of what the united states is doing in the world is pred kateed on a nonconfrontational relationship with this country called china, 1.3 billion people. and this, what we call choreography with tai-wan allowed it t is basically a fiction that allows the united states to maintain a good relationship with china and maintain basically relationship, though informal with tai-wan an allows us in principal to establish this enormous economic relationship to deal with regional challenges like northkorea, to deal with global challenges like climate change. and the question is by putting in play the one china policy which has been u.s. bipartisan policy now for four decades raises questions about whether this relationship will continue to at least have large elements of cooperation. there is an entire school

the initial chinese reaction was quite muted.he subsequent chinese reaction has gotten stronger because it was not accidental. how serious is this? potentially very. i do not mean in the sense of a short-term crisis but so much of what the united states is doing in the world is predicated on a nonconfrontational relationship with this country called china that has 1.3 billion people. this choreography with taiwan has allowed it. it is basically a fiction that allows the u.s. to maintain a good relationship with china and a basic but informal relationship with taiwan and therefore allows us in principle to establish this enormous economic relationship and deal with regional challenges like north korea, global challenges like climate change. by putting in play the one china policy which is a bipartisan policy for four decades, it raises questions about whether this relationship will continue to have large elements of cooperation. there is an entire school of thought among so-called realists that the relationship between the great p

right, chinese savers snapping up u.s.cts eager to convert their yen into other currencies. this is an exactly a vote of confidence when it comes to the yuan. >> that's right. we know they have been trying to squirrel their money offshore. this is a way they can hedge against the yuan downside, but not take their money outside, not try and squeeze around those quotas. now chinese banks are offering come at of these wealth management products, u.s. dollar and australian dollar accounts at home, offering a lower interest rate, 2% to 2.5% versus 3% or 4% on yuan deposits, but there being snapped up quickly. rishaad: one lot came in and they were all gone in 60 seconds. exactly, but it is still a small portion of the $21 trillion worth of savings. financial diversification can't be a bad thing here. is it a worrying trend when it comes to china's policymakers. is inevitable. china did not used to have savings options. the middle class is looking for ways to hedge their bets it did. it is not so worrying as long as the tide doe

and that is the chinese stock market. check out shares of the fxi, the etf that tracks the chinese stock market. lower now for eight straight days. tracking for its worst month of the year. this all comes as chinese state media warns of looming trade showdown with the u.s. how serious could this be, and which stocks could get caught in the cross-hairs? ambassador, we kick it off with you. >> first of all, the question is, is china a currency manipulator, have they been engaging in unfair trade, practicing for a long time. all arguments on both sides of the ledger. and no question that china has been accused and convicted of dumping steel, of dumping a lot of natural resources, dumping a lot of products. when you look at the currency, the chinese yuan, they're not manipulating the currency. and chinese currency has outperformed a number of core trading partners of ours, relative to the dollar. i don't think they should be called a currency manipulator. and, in fact, they are now weathering their currency against asia and m

and english, oui’ immediately, in chinese and english, ourcaptain immediately, in chinese and englishd saying we are a civilian aircraft, not a military aircraft, but it didn't make any difference, they repeated the threat to leave the area over and over again. as we fly on the full extent of the construction is revealed. the lagoon is teeming with ships. a cement plant is visible on the new land. then for the first time a clear view of the new runway china is building here. a chinese fighter taking off from here could reach the philippine coast in nine minutes. in the last year, china has built at least seven new islands and three new runways in the south china sea. one here at mischief reef, another at subi reef and the biggest of all at fiery ci’oss. and the biggest of all at fiery cross. the aim is to reinforce china's claim to the whole of the south china sea. america and its allies are now responding. and over the radio we now hear one of them. what we're hearing is an australian military aircraft asserting freedom of passage. more than 40% of the world's trade passes through th

restaurant chinese food was an essential part of being in new york.not know how to use chop sticks as a new yorker, you are a terrible new yorker. >> do you speak like a brooklyn person? >> anthony: it is a tough accent. it is more of a -- i live right next to it my whole life. the accent -- >> oh, we just want to hear -- >> anthony: not for nothing. >> that's brooklyn? >> anthony: i can use a little more wine. no. >> nothing, nothing. all right. [ laughs ] >> anthony: shanghai chef, jack jack jackie chu preparing the food style that not every one can afford it and among more and more everyday can afford it. >> what is it? we have tomatoes and potatoes, that's it? >> anthony: that includes bones and fat. this is about a thousand dollar worth of stake. even if tim wants to serve this good old beef, this is still the best the quick trip behind the bookshelves. >> anthony: wow. >> this side shows our interest in wine. >> anthony: this is the house collection? >> that's correct. now i want to show you the membership area and the bourdain area. and it is a

it's not used by the chinese. they don't describe what they've been doing for the last ten years in our vocabulary. their version of what they're doing is back to the 1955 challenge by chairman mao. he had a list of indicators, a kind of net assessment, if you will. and i'll say a couple of sentences about that word. he had a kind of a net assessment of how we would surpass the americans. and at that time, they've since changed this, but at that time it was steel production was the single most important measure by which they would surpass america. and that led to an episode in which between 20 and 30 million people died. it was not predicted by u.s. intelligence, by the way. it was 1958. it was called the great leap forward. all over china they set up communes and canteens for free lunch and began to set up backyard blast furnaces. why? to surpass the americans in this single indicator of net assessment. now, to my left, the doctor and i used to sit at the same time in net assessment. the fall of '92, as i recall.

one, to see exactly what the chinese are doing, and two, to test to see if the chinese would try to stope of this area is, according to most countries, international airspace. just 140 nautical miles from the philippine coast we spot new land. this place is called mischief reef. until a year ago there was nothing here, just a submerged atoll. now look at it. millions of tons of material have been dredged up to build this huge new island. then as we close to 12 nautical miles, this. down below we can see a pair of chinese navy ships. our pilots are nervous. they want to turn away. we're a civilian aircraft flying over international waters and yet we're being repeatedly threatened. so what we're getting is the chinese sending out that message, foreign military aircraft, unidentified military aircraft, leave the area immediately. in chinese and english, our captain replied saying we are a civilian aircraft, not a military aircraft, but it didn't make any difference, they repeated the threat to leave the area over and over again. as we fly on the full extent of the construction is revealed.

the chinese warning comes after mr. trump suggested straying from the so-called one-china policy. >> i don't want china dictating to me, this is a call to me, i didn't make the call, people say do not take a call, that is disrespectful to be honest with you to not take it. lou: joining me now lieutenant colonel ralph peters, what do you make of chinese warning that it is either their way or it is going to unravel? >> the chinese are used to get their way, they have been get their way for 44 years since -- nixon went to china. and both parties, through successive presidencies allowed china to run rough shod over us, poor brits gave hong kong to china in its wave of good feeling even ass whic chinese were robbing us all blind. they are agressive in south china sea, and not helping with north korea. my question, what has gotten for last 44 years out of china. and secondly, yes, you know i have some reservations about some of trump's policies, but when it comes to china, any get them, they need a slap in the face, that is t

you know what causes chinese restaurant syndrome?> anthony: "ooh, i have a headache. it must have been the chinese guy." >> go: most of the traditional, very famous dishes of sichuan cuisine are not made from chef. it all comes out from the family. >> eric: uh-huh. >> go: so, family dishes is the key of sichuan cuisine. >> anthony: in my quest to set eric's perfect hair on fire, i have arranged dinner with this man, go sa, who runs the sichuan cuisine museum here. he takes us to a neighborhood favorite for some typical local dishes, like pickled chicken feet, cartilaginous little bits of gnawable goodness. >> eric: how do you eat this one? >> go: just bite it and don't eat the bone, though. >> eric: no, no. oh, it's good. >> anthony: it's delicious. >> eric: it's spicy also, yeah. >> go: yeah. very spicy. have some beer. >> eric: but the food is really good, but the spice is a little bit of a challenge, i have to say. >> anthony: oh yeah. now we're talking. you're gonna love this dish, my friend. >> go: yeah, that's a -- find the chi

chinese relationship. think it is absolutely essential, and there are so many aspects to it so i hope very much that there is a learning process here that how you are a race what's been said, i think, if i were going on the other side into a discussion i might say what exactly did you mean by that so i think it's hard not to consider it, but i accept that. >> i haven't been asked to go to the trump tower. [laughter] >> one of the bright shining moments in u.s. china relations was the agreement between president obama and president she on climate change. that really was the view of many in the community, that this was an example of america and china jointly leading the world and the myriad of global issues, if the united states and china could cooperate on them, we them, we would have a chance of solving them. if we don't cooperate, then we are doomed to failure and climate change, the obama administration did a great job of getting that and ultimately signing the paris agreement. >> secretary, which we do

so many of the stories though are about chinese culture. chinese tales and things like that. how do westerners relate to it and how can you make them relate to it? >> well, as we know, shen yun was a revised in culture. many of us know that duller the cultural revolution in china and the 1960s. the chinese government suppressed that kind of a traditional culture. so -- and a lot of things have been lost. so shen yun wants to bring backseat the rich culture and telling stories of historical characters and what they stand for. for example, one year they had a general and then that stands for loyalty. and also there's a misallegiance and i'm not sure if you heard about the monkey king. and then goes -- these stories reflect braveness and courage and righteousness. so i think that the audience will understand the performance for the universal language of dance music. >> it's interesting because it's not a matter of enplightening audiences who aren't aware. a lot of chinese aren't aware of the aspect of their history and they get to see it in the show. >> we have a lot of chinese

additional tweets right after saying the chinese are taxing our goods coming in and if we chinese areursthe expanding their military and manipulating a currency. he did not say it was not a big deal, he doubled down on it. charlie: he said all of those things during the campaign. said a lot of things during the campaign. the question is what will he do as president-elect now that he has a team around. the chinese government, their view of trump when i met them all of a week ago was we don't know this guy, but he's a businessman. he's not going to be criticizing us on human rights or our domestic, internal policies. if he is a hard negotiator, we are hard negotiators, too, but we can deal with that. if you saw she jinping when he gave his speech a couple of weeks ago, that was the one speech at that summit -- obama did not give a speech there. he said we are the one that's going to lead and drive globalization. the united states is not. this is very different than the china richard and i have been talking about for years, that they are small, they are not ready. this is a china that sees

one of the major decisions made was between the chinese and the soviet. we came to the conclusion that russia was probably the attacker and most of the circumstances so we had the problem of decidingcg if these countries get into conflict, where should the united states be a. so we decided that it wasn't in the american interest for china to be defeated in such a conflict so out of this moves that culminated in my first meeting with the prime minister, i was reading a statement and i said now here we are in this mysterious country. what is so mysterious about china and i said something i forget what it was but he's a think about it. 800 million of us and we are not mysterious to each other. i think this was advice that it was important to take and which is still valid today. i think the chinese cultural background is different, and therefore it is important to understand the way that china looks at these problems. >> you were secretary of state just as china was joining the wto. talk about the relationship at that time and what lessons you learned from th

the chinese regularly accuse the u.s. of using ships to spy on chinese military activity in the region. you have people like senator from arizona saying that the chinese are expanding militarily because of u.s. weakness. on other side there's an argument to be made they are only do so lashing out like this because of a consistent u.s. naval presence in this part of the world. >> we've seen them make moves in the past two weeks in the south china sea that have been questionable and elevated tensions perhaps between the two countries. how do you see this continuing? is it going to escalate? >> well, i think for that, you have to look at what's been going on with the incoming administration and frankly the u.s./chinese relationship under the incoming trump administration has gotten off to a rocky start. you have the comments about taiwan and one china policy and him taking a phone call with the president of taiwan and sending out the tweet you mentioned off the top here, getting noticed in chinese state-run newspapers, no of

i'm about to take off on a trip the chinese government has tried to stop. miles from the philippine coast we spot new land. this place is called mischief reef. until a year ago there was nothing here, just a submerged atoll. now look at it. millions of tons of material have been dredged up to build this huge new island. then as we close to 12 nautical miles, this. down below we can see a pair of chinese navy ships. our pilots are nervous. they want to turn away. we're a civilian aircraft flying over international waters and yet we're being repeatedly threatened. so what we're getting is the chinese sending out that message, foreign military aircraft, unidentified military aircraft, leave the area immediately. in chinese and english, our captain replied saying we are a civilian aircraft, not a military aircraft, but it didn't make any difference, they repeated the threat to leave the area over and over again. as we fly on the full extent of the construction is revealed. the lagoon is teeming with ships. a cement plant is visible on the new land. then for the

i know many chinese people, i know many chinese businessmen, and they laugh at the stupidity of our politicians. they can't believe it. >> so what would you do if china were telling you straighten up, fly right, don't lecture us about our currency, on and on and on, what would a secretary or a president donald trump say or do? >> i'd tax the hell out of them. i would tax them back to china. >> all right. thank god for videotape and he was talking to me. that was donald trump more than six years ago. and it's been a consistent theme of his, as a businessman, as a politician and now as president-elect of the united states. this week china seems to be sending him a message. u.s. navy seizing a u.s. underwater unmanned drone in the south china sea and more flare ups like this are happening on a frequent basis. amy, what's going on here? >> well, i noticed your interview was in may of 2010, and as you mentioned donald trump -- >> you were 6. >> yes, i was a mere wee little child. and donald trump has been campaigning on china his entire life. >> he's been very consistent on that. >> i would not pres

-chinese relationship? >> well, good morning, roger, thank you very much for your kind introduction and good morning, everyone. well, in terms of u.s.-china relations, clear ly there will e a lot of uncertainties. mr. trump said he would brand china a currency manipulator on day one. he also said he would impose a 45% tariff on chinese exports. so let's just look at the fundamental factors? to brand a country a currency manipulator there needs to be three conditions. number one, this company needs to run a large current account surplus in excess of 3% of gdp. number two, this country needs to have a very large bilateral trade surplus with the united states. and number three, this country would have to engage in constant one-sided foreign exchange intervention with the view to devalue the currency so china only fulfills one -- china still runs a very large trade surplus with the united states. on the other two measures, china actually doesn't really need the requirement so based on fundamental factors, china

chinese media runs stories of his success -- a chinese car made in the usa. much quicker.t we can avoid the risk of the logistics of coming across the ocean. chinese investments in the united states doubled to 18 billion euros. it is a new record and a new page in the side of globalization. stephen: let's check what is happening on the markets. european shares trading up at this midpoint in the trading day . in the u.k., inflation hit its highest level in more than two years, driven by rises in the place of clothing. gains onll seeing london's ftse 100 up by a third of 1%. unicredit is to slash another 14,000 jobs as a 12 billion euro restructuring plan. that is on top of the 18,000 staff cuts enacted by the bank last year. time to raise $13 billion in new capital. that will be the biggest ever share issue in italy. as the company tries to restore profitability. unicredit shares are up by almost 8% in the last -- genie: thank you for that look at the business news. it is now time for our "this review." haxie meyers-belkin is on the set to take a look at headl

we're glad to be able to highlight chinese folk singing. a performer from evergreen high school. welcome. >> hello. >> give me an idea of what attracted you to a traditional art form. >> what attracted me to this traditional art form was when i go to china oftentimes i see like the beauty of the nature, especially when i visit my hometown. i'm able to see the rice fields and able to see the grapes growing and the lotus inside the ponds and especially i really like it when i get to see like the fish like blow bubbles in the pond. it's really cool. so like when i see the beauty, i just really want to find a way to portray it and i feel like music is a great way to portray the city. that's why i chose to sing folk songs. >> especially the traditional songs, had you? >> yeah. >> how about the song you chose? does it have a connection to what you were talking about? >> it's about my hometown. it's from my hometown and it's chinese name is called -- w in english just means the waves of the lake, and it talks about the harvest of fish and lotus ro

for chinese deals in 2015-2016. german companies at the rate of one in every two weeks. the german economy minister is demanding the european union strengthen powers to next deals or -- mix deals or impose conditions on outside companies. there are the arguments. free-market proponents say it is difficult for the chinese regulations and make it harder for foreign companies to buy chinese firms, but the chinese companies are much more free to shop around in other countries. they argue that china gains an unfair advantage on economic you see financing, provided by government-backed banks. the other argument is chinese firms have saved companies from bankruptcy in the united states. a study in germany drew similar conclusions. they warned that chinese overseas investments could turn into a trojan horse, and that introduces the politics and values of the country. critics respond that is a cold war mentality. now chinese companies face a new uncertainty. donald trump. >> they take our money, they take our jobs. and we ow

i'll chinese side is a threat to the premier league?ance to manage in china but thinks more players will go there. with their population and the fact people will go out and watch football at that level, only time will tell whether it's the right thing to do or not. the club's not going to turn that money down and certainly the player isn't. it's possible to build a successful football league with foreign talent in a country where the national team fails. they could ask england fans. china aims to win the world cup. if so, the next generation must be better than the current one. in a recent world cup qualifier, china lost to syria. earlier i spoke with rogan taylor, director of the football industry group at liverpool university. i began by asking why the chinese super league is willing to spend huge amounts of money on players like ronaldo. football has been pronounced as being good by xi jinping. you need to think about one single business, it's the government's business, all of it. —— think about china as one single business. if the b

they could even reach the chinese property market.tephen: we knew this was going to happen, but we still had selloff of emerging-market currencies. what will it do for the domestic economy that is also quite fragile with debt load and recovery? we have a six part commentary coming from state media. if you are having insomnia, look at that. it goes through the point. shenhua news agency says the impact of the housing move should not be overly exaggerated. they are looking at expectations of housing prices according to the chinese government, not expected to rise much in 2017. it will not have a big impact on the stock market. they are managing expectations because there is a herd mentality. they want to prevent that stampede. the dollardge that will depreciate in 2017 and remain stable if not appreciate against the basket of currencies , but here is the main line. chinese public should not exchange you want for u.s. dollars. -- yuans for u.s. dollars. and the days when the united states seizes and the whole world catches a cold have go

what are the chinese going to do as a counter response where d.c. china moving next in with a2ad with the current strategy is to the upcoming next-generation that is taking place here? >> it is addressed to both of you but to reassert that question you see that military strategy as only 10 percent. the question focuses on military. there are a few on technologies for example, that is very different that i discuss in the 180 year marathon that what you can get from other people and get other countries to fund your national science that is why we have a -- they have won tentative agreements and in beijing. and then with the national science foundation. they try for that in china. and if the chinese complaint with the ministry of science and technology so that's is part of the grand strategy to surpass the americans with a first laid out as a goal of 1955. but to do that this seventh comprehensive sectors and the most important sector they decided fairly recently it is science and technology. , and as they try to make us claim to a new discovery is thi

-chinese relationship going forward? if you look at what has happened, it is the latest negative incidents in terms of the relationship with both sides. it all surrounds the incoming trump administration. donald trump taking a call in early december from the president of taiwan and questioning the one china policy and tweeting about this latest incident and its drawn the ire of the chinese government. whether that is part of the trump administration plan going forward we are not sure. the tough take on china. it is safe to say on the chinese side that the chinese government given statements not happy so far with the take and the track of the incoming trump administration. matt rivers, cnn, beijing. >> matt rivers, thank you. >>> all that black friday hype. the deals are still there. retailers rolling out new deals ahead of christmas weekend. saturday was what the retail folks call super saturday. more than 155 million people said they would shop for holiday gifts. that makes super saturday busier than black friday. you c

i mean, for some chinese individuals they do have quite a lot overseas business.ve out of china to the off—shore accounts, but not all the chinese have overseas markets. a lot of people who don't have that kind of overseas market, they're more looking for hedging purpose. i can share with you, as you know, as of now we have about 118 billion us dollar deposit from... and despite the $50,000 cap rule, the head of can china research at ocb bank, forecasts a further depreciation of the chinese yuan against us dollar in 2017. before we go, here is a look at the markets and as you can see in our markets boards, the nikkei 225, up about 75 points. the hang seng index gaining 42 and the all ordinaries index in positive territory. most of the regional boards are in positive territory. this is after the dowjones industrial average closed yet again at another record high. it's 17th at another record high. it's17th record since the us election, ending within 25 points off 20,000. so good day so farfor within 25 points off 20,000. so good day so far for the global markets. th

but usually, those incidents occur much closer to the chinese mainland than this one.y the chinese know if this was intended as a signal to the incoming trump administration. pentagon officials say it look likes will the chinese ship simply saw a chance to disrupt american operations and went for it. scott. >> pelley: david martin at the pentagon tonight. david, thank you. a moment ago woe heard from president obama on syria. in the ruined city of aleppo, these green buses came to evacuate civilians bombarded by syrian and russian planes. but the been interrupted by fighting, and elizabeth palmer picks up our story. >> reporter: around the clock, buses rolled from east aleppo into rebel-held areas of the countryside nearby, and the exodus continued this morning air, stream of ambulances carrying the injured. it's estimated that 8,000 to 9,000 civilians and rebel fighters have left so far, crammed into any vehicle that moved. with no choice but to start again in unknown territory. some found comfort, even joy, as they were reunited with friends they weren't even sure we

for chinese deals in 2015-2016. the chinese have been snapping up german companies.demanding the european union strength empowers to impose conditions on outside companies. there are the arguments. free-market proponents say it is up for the chinese regulations make it harder for foreign companies to buy chinese firms, but the chinese companies are much more free to shop around in other countries. they argue that china gains an unfair advantage on economic financing, the divided by -- that are provided by government-backed banks. the other argument is chinese firms have saved companies from bankruptcy. a study in germany drew similar conclusions. the chinese investments turn into -- that introduces the politics and values of the country. others respond that is a cold war mentality. now chinese companies face a new uncertainty. donald trump. >> they take our money, they take our jobs, and we owed $1.6 trillion. >> u.s. regulators will be headed by the donald trump secretary. anna: that was just one of the many quick takes you can find on the bloomberg. you can also fi