chinese chinese foreign direct investment in europe, but how best to represent chinese money abroad without? chinatown, really? we can do better than that. now, this is more like it. nothing says chinese money abroad more eloquently than at giant distribution centre on the edge of a british city. this is part of airport city being built on the edge of manchester, with the aid of chinese money. the investment made by china may be less visible but it is growing and it is becoming strategically significant in the global economy. there has been a huge increase in foreign direct investment from china into europe. last year, it was up 90%. that has reached nearly 46 billion in europe. the chinese money flowing into europe is growing fast, and while britain and germany are at the forefront as recipients of that money, we irish are no slouches ourselves. we get the fifth largest slice of the chinese fti pie. private investors in china now represent over three quarters of the total investment into europe. it reflects a shift over the last year or two to away from investment by the big state—owned en

america for the chinese. chinese then moved throughout the west and moved eastward. so this is a story that begins in san francisco. but it also has a nationwide impact. >> from 1910 until 1940 hundreds of thousands of immigrants with majority from china would pass through angel island. >> angel island was a detention center. >> this is the part of the exhibit that we walk into that is an experience. >> what did it mean to exclude chinese. it meant the creation of an immigration bureaucracy. this part of the exhibit recreates a detention center. we see it as angel island because angel island was the biggest detention center on the west coast. this depicts an inspectors office. there are files. these drawers open and you can see the different identification cards the chinese were required to carry even children had identification cards to prove that he or she entered legally. >> this is not a happy place. people were stuck here. this was kind of --. >> it's a prison. you didn't know what your future would be.

the chinese new years parade is one of the largest celebrations of chinese new years outside of asia. technology is beginning to play a role in the float. >> it is the bay area. we have a float that is, i would say, 75% built. then the tech people do their stuff. >> reporter: when the parade arrives, you would think this crew could relax. >> we walk with the parade. we are usually in all black, with our floats, making sure that everything is okay. a few years ago, a child threw up on one of the floats, we were here to help. >> reporter: on this year of the rooster, parade float builders say they are on schedule to have everything complete by the parade. >>> look at the details and the color of the floats. that's incredible. ktvu will be broadcasting the parade right after this news cast. >> i have seen the parade for the past 15 years, i have never seen the weather this beautiful. >> today was the reason why i moved for san francisco. weather like this. >> we are lucking out for the weather. for the people organizing the parade, there is so much coordination. they have been asking me,

the chinese were worried about this. o the prime minister at the time, and they had a lovely lunch with nice cigars and said, you don't want to do that because we are an area of the world combined -- that have an asian script in common. the pragmatist or said, this is what -- the prime minister said, this is what they want, but they are not going to succeed. that suggests the commonality and the differences tween these countries -- between these countries. you have a script in taiwan as well as hong kong and singapore. the japanese partly is it. the koreans script is partly derived from chinese characters and partly not. vietnam is the same way. it is an area full of commonalities and strong contradictions that go deeper into history. >> if i could pick up on that theme, the chinese regard the koreans as crypto-japanese. they have never shaken off the japanese culture. dna that has proved the koreans are closer to the japanese than the chinese. the chinese are in a huff about that. they are concerned that the american-so

we went to chinese school, you know?the students at lincoln elementary school were from chinatown. there was a mix, for sure. some of my best friends were japanese and african americans, but it was largely a chinese community, and therefore, you didn't really get that much of a sense of the outer society at that young age. and you know, how do you get through that? you bond as siblings-- which i did-- and you do what parents expect of you, which is to work hard and study harder. you go to the additional chinese school, which again, divides you some more, because now you're hearing one dialect of cantonese at home with your parents and speak mainly that; you go to... >> hinojosa: because your parents came from a small village. >> yes, two different small villages in tianjin in china in guangzhou. and then you're learning a different of the more prominent dialect in chinese school. they're beginning to teach something called mandarin, by the way, on the side. that's three dialects of chinese, plus this newfangled language

meanwhile, chinese investment into europe grew by 90%.is gives the impression 2016 was a good year for western economies when it comes to foreign investment. so will this trend continue? well the uk is about to begin a two—year period of brexit negotiations and this echoes wider concerns over the health of the european union. france, germany and the netherlands are all set to head to the polls later this year and eurosceptic parties are gaining ground in all three countries. and in the us the uncertainty about what the trump administration means for future deals with china is very unclear. during the recent election campaign he vowed to impose punitive tariffs on chinese imports. add to that moves from chinese authorities to crackdown on money flowing out of china. chinese overseas deals could have been worth billions of dollars more if beijing had not blocked some 30 acquisitions with europe and the us. tim gee is mergers and aquisitions partner at baker mckenzie. you came up with a lot of that data. thank you for coming in. explain why

of the largest chinese communities in europe. and some say they are one of the most successful immigrant groups there. but because of this, there is growing inter-ethnic tension between france's asian population and the much larger north african community. "i do not like chinese people. i do not like them." he says. more about this conflict is coming up later in the program. europe is in the midst of a deep freeze and belgrade where temperatures have plummeted to minus 20 centigrade is no exception. hawa and his cousin saher are among the estimated 1000 refugees stuck in the serbian capital, trying to survive in desperate conditions. many like them have paid thousands of euros to flee the unrest in their homelands. however, hungary tightened border controls last year and effectively shut down the much used balkan route into mainland europe. returning home to afghanistan would mean facing torture by the taliban. attempting to illegally cross into hungary they say could swiftly end in arrest or beatings by border guards. their only

one is to stabilise the value of the chinese currency. remember, china p995 chinese currency.na pegs its currency. they have to control the amount of currency flowing outside its borders. the other reason is they don't want companies companies being bought, but that is how commercial transactions should work. that is more of an excuse. the real reason is that they want to control the capital markets, just as they control pretty much everything else in the financial markets in the country. i wonder what your take is on the future appetite of chinese investors investing in the us when we have quite convert of statements from donald trump, accusing china of manipulating its currency, questioning the one china policy. will that affect investors' willingness to pour money in?” think the rhetoric will have some impact, but i wouldn't overstate it. politically, there has always been a lot of tension between the us and china, but a lot of businesses do deals anyway. the chinese don't view donald trump that negatively. there are some who are worried, but there are some who are worried,

france's chinese diaspora represents one of the largest chinese communities in europe.ay they are one of the most successful immigrant groups there. but because of this, there is growing inter-ethnic tension between france's asian population and the much larger north african community. "i do not like chinese people. i do not like them." he says.

and to be proud of chinese heritage, and history. >> reporter: in 1958, businessmen with the chineseof commerce became the parade organizers. for glamorous young women, still caught between cultures. >> they were barred from participating in the miss america contest. >> reporter: chinese americans, shaping their own identities, with american style bathing suits, wearing crowns, and traditional chinese paper gowns. the parade grew to include american style marching bands, and boy scout troops, along with the traditional line dancers and dragons. yet the roots remained in chinatown businesses, community centers and schools. >> i built my first float in 1969. >> reporter: david lay is an asian art museum board member. >> when i first started it was a community parade, and anyone could just show up and be a part of the parade. >> reporter: as new waves of chinese imgrants began arriving, adding new diversity. >> now you've got chinese immigrating from all over china, from all over the world. chinese don't only speak cantonese. they speak all kinds of dialects from all areas of china, and

inclusion act and in further entitlements at chinese and korean students and whereas the asian-american figure out discriminates in the 1818 successfully challenged other chinese children and whereas shortly after following the case in the same year sunbathed schools were approved by the assembly bill for children with their migration of white children and led to the segregation the white school and legal challenges with the so 02 walling even callahan they petitioned for his 12-year-old daughter to attend the public school on al gore student instead of the segregated oriental school and whereas the city lay in ruins with the aftermath of the 1906 san francisco earthquake the policy passed restricting children of china's and japanese and corp. to the oriental school and when the same year the board of education decided to the oak family that protested the perusal to immoral the 12-year-old child the james government lodged a formal complaint with the u.s. ambassador that was a violation of the 1894 japanese treated of the non- school policy for japanese immigrants to the u.s. those acti

i don't like the chinese, i don't know why but i don't. >> the chinese have become too rich in france. reporter: too rich? and that's not fair? jugendlicher: i think it's not fair. they're now in a category of people with nice clothes and big cars. reporter: the 70,000-strong ethnic chinese community in france has earned a reputation for being hard-working and discrete. the north african communities are considered to be less successful as a whole. guylain chevrier: something new is happening and it's linked to a competitive ideology that's beginning to appear. the chinese are considered to be a community where things go well, where people manage on their own, and are quiet . compared to other immigrants who are much more demanding and consider themselves as victims and might consider this chinese community as competition. reporter: the chinese textile industry in aubervilliers has grown massively over the past 20 years. and more and more immigrants have come from china to make a better living for themselves in france. wu used to teach geography in china and is a pillar of the chinese

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

we chinese are making you great again.his provocation, because of is not replied very harshly by china's government. the spokesman called it just a mistake. it is not a criminal act, not a provocation, just a mistakeke. you should not continue. i think even in terms of the trade, there are some signs encouraging china's government supposing that the u.s. government is not going to go that far. combining china with japan and europe as three partners who are harming the united states by the same means, by manipulating the exchange rate. the fear of beijing was that beijing would be singled out as the sole enemy to be fought against. but now, the united states is hearing -- facing three very strong trading partners. if they treat one partner very harsh and the other not, it is not so convincing, and the economy is connected much more closely than trump could do anything to separate from other actions. melinda: ironically, however, by virtue of the fact that he left the transpacific trade ifeement, donald trump, anything, has

solution to these issues, it is going to come out of chinese traditional culture.so my sense is that this partnership between religion and the government around environment t is only going to get stronger and stronger. fred: there's hope these handshakes signal real support for ancient traditions of respect for nature in a society that has paid a heavy environmental price for progress in recent decades. qéaox ♪ amy: from pacifica, this is democracy now! the court concludes that the circumstances brought in here today such that we need to intervene the judiciary's constitutional role, therefore the court believes the above-described is necessary. the state is granted. amy:

solution to these issues, it is going to come out of chinese traditional culture.so my sense is that this partnership between religion and the government around environment t is only going to get stronger and stronger. fred: there's hope these handshakes signal real support for ancient traditions of respect for nature in a society that has paid a heavy environmental price for progress in recent decades. qéao

. >>> plus, the history of chinese immigrants in the bay area as we continue our coverage of the chinese new year celebration and this weekend's big parade. >> 9:00. the weather has been wild. and already we are bracing for the next round of rain. 17 in the santa cruz mountains was forced to close for a time yesterday. extreme flooding in the north bay. take a look at the bottom right quadrant. we watched a home slide down the hill a bit in san rafael. we are in the middle of a break before we brace for more rain tomorrow morning. even the break, gentlemen, has been fairly wet. >> as soon as i got in the car and pulled away from the house, it started dumping. it can be a little consistent rain. a lot of that water is up in the hillsides, the mountain sides and pouring down into the creeks and rivers. i'm concerned because i don't think this break is big enough. >> right. and i have heard that for the weekend, we will have a big wreak for the chinese new years parade. mark, is this break that we're going to have for how long? the bay area could sure use it. >> in fact there's another syst

new year, the white house sent belated happy new year's greetings to the chinese president and the chinese people. and then on friday, he did finally take his call with the chinese president and the white house put out a statement about it. quote, the two leaders discussed numerous topics and president trump agreed at the request of president xi to honor our one china policy. at the request of? president trump throws the one china policy out the window and puts it at less than zero and just as suddenly, he capitulates. if china wants that back, they have to give us something for it. and then it goes into effect. at the request of the chinese president. so what we get out of that big bargain is nothing. that was the big deal. you want this thing, you're not going to get it unless you give us something and what we want for it is nothing. you can have it. what kind of a negotiation is that? what was that about? why bother provoking china? why bother provoking that country in that way at the very outset of your administration if you're going to take it back when they ask. it was really strange

that is something authors on the chinese say as well. doesn't include cooperation in a number of areas. but i think as we think about the possibility of cooperation we need to do that with a hard headed sense of what each sides's objective is. where they may be in conflict as well. i wouldn't put aside the possibility of cooperation at all. in fact, cooperation needs to take into account the objectives of those thoughts. >> sir? >> i am russell king. retired federal employee. there is a cycle that goes communism is wrong and those that defend christian operation wouldn't undertake with it. donald trump, of course, deals with communism and he is a negotiator, and it seems that view wouldn't cooperate with congress. i agree with most of the defensive strategies here but it will provoke china to make economic retaliation against us. there is a lot of economic leakage. we have multibillion trade deficit with china. do you take the cooperative approach or the non-cooperative approach of pius 11? do you think what pius 11 said is significant?

solution to these issues, it is going to come out of chinese traditional culture.so my sense is that this partnership between religion and the government around environment t is only going to get stronger and stronger. fred: there's hope these handshakes signal real support for ancient traditions of respect for nature in a society that has paid a heavy environmental price for progress in recent decades. ñoln [applause] danny: i do want to first of all thank kenny [indistinct] and also nina simone for--simon for her--for their extraordinary work and for providing me with this opopportunity to b be herere ate 24th celebration of bioneers. i tried to remember the last time i was here, and it must've been at least a decade ago. and it's has grown

and we just handed that over to the chinese for how long, it's not clear. but they are worried about other aspects of the economy. he could make a lot of trouble for them. and they're worried, of course, about the political military aspects. >> a look at what america first means for the u.s. and the rest of the world when we continue. >> funding for charlie rose is provided by the following. >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> i'm cath tee kay of bbc news nilling in for charlie rose. america first has become the guidingetteos of president trump's early for ayes into foreign policy. the nationalist mantra often invoked throughout his campaign promises to pry tor-- pry-- prioritize american interests and national security above all else. the phrase was first conceived in 1940 by an organization that championed appeasement in the wake of hitler's rise. trump's revival of the slogan now raises questions about

can do to get the chinese into a cooperative relation.t would be nice if china woo help us but we know that they haven't really helped us over a long period of time. and they've given a lot of support both diplomatic material, technology to them. >> donald trump is it supposed to be having a working dinner with the japanese prime minister. something tells me this ballistic missile test from north korea is going to be front and center of that working differential gordon chang, always great to have your perspectives of this breaking news story. we'll have a lot more about north korea. the reports if you're just joining us is that north korea has fired a ballistic missile into its eastern sea. that is being reported by the south koreaen news agency. we'll have a lot more for you on the developing story, this as president trump meets with the japanese prime minister, shines abe in florida. new girl, huh? yeah, i'm -- i couldn't help but notice you checking out my name your price tool. yeah, this bad boy gives you coverage options based on you

you mentioned chinese military power overseas, sky, the heavens. generally don't use the heavens, use space, heaven to paradise for that cause each and writes that one. i know that us military defense is the report to prepare for the war in the future. do you see any possibility for china and the united states cooperation in this area to be more peaceful, many hotspots so from your conclusion, the whole report, it is -- do you see any space for the cooperation or reports? >> you should read evan's report. the focus of this report is defense strategy and in our defense strategy all about achieving our objectives and our objectives are protecting american lives, property, working with our allies, maintaining the free flow of information across the global pond and one element of that is clearly deterrence, trying to deter the outbreak of war. that requires us to think about how future wars might unfold and most effectively to prevent that. i said in my remarks a couple times that the united states is in a long-term series of competitions with a number

bob: the first point is the attack by the americans on the chinese management of the chinese renminbienminbi. it is interesting that the renminbi has recently been very stable. anna: we can just show this chart, while you are making that point, the stability of the currency. this is the volatility coming down, the largest drop since 2005. bob: the pboc has got a good stranglehold on the chinese renminbi at the moment. i would expect over the coming months, although there is a case for capital outflows for the renminbi to weaken, given the sense of the political sensitivity of the renminbi, i would a simple the pboc will continue to really strangle it around current levels. they don't want a fall in the renminbi, which would immediately result in an american reaction. that is point number one. point number two is look at what is happening to the structure of the chinese economy, which there is much more of the focus on domestic demand, what i call the new chinese economy, whether it be tech, the consumer sector, or health care. there is much less of a focus on the export sector. the ch

hisld trump has written to chinese counterpart and that's partly why were seeing some of these chineses doing well. he said he looks forward to a constructive relationship that benefits both countries. manus: he's not followed through on a promise to label china a currency manipulator buddies question the one china policy that's been a bedrock of the relationship between the two countries. a letter from america, he said i constructive relations, but it goes against everything he said on the campaign trail. his is an olive branch, do you think? >> probably. it's not the first contact between the new administration and china. it may be the first wreck contact since the inauguration between the president and president xi. having said that, it's quite significant that president trump is appointing his ambassador to china. governor branstad first had a relationship with president xi going back 25 years to win president xi was an agricultural student studying the agricultural industry in the midwest. so they have kept in touch. anna: so that's hopeful in terms of finding common ground. ambas

for me, it would be kind of chinese in my head smiling. it's hard to imagine, but this is how i would remember it. >> how does it feel to be the first foreigner in your position? >> it's very cool. >> do you want to make this a lifetime career for you? >> yes. i already started making it. i became professional. >> karolina, i'm sure there are a lot of professional shogi players out there watching abroad. how do you plan on reaching those people and, you know, expanding, promoting the game? >> so, the biggest problem now for shogi society is that we don't have enough materials to study. so, one of my goals would be to translate books from japanese to english in order to help people to get stronger at shogi. and the other problem would be shogi promotion. and i hope to have some internet events when i can show shogi to people. >> karolina, what is shogi to you? >> shogi's my life. >> and when did you start feeling that it was your life? how long ago was that? >> i guess from the moment i met it. was like -- >> 16? reading a manga? >> yeah, i

exclusion laws to deal with the chinese problem.is a way to hold on to people and be able to question them while their immigration status was being determined. >> reporter: the chinese exclusion act of 1882 had implications that stretched to the mid-1900s. >> exclusion laws were meant to keep out chinese laborers that were so restrictive. it really comes down to maybe five or six exemptions to them. so everyone is trying to get into those categories to be allowed to immigrant. >> reporter: when the 1906 earthquake and fire destroyed many records the chinese community saw an opportunity. false family were created for more people to find a way in. >> they're trying to come in as students and teachers, merchants, and children of citizens. and so because laws were restrictive people started to claim to be in those groups when they are not. >> reporter: that is why 10- year-old jeong came in with papers saying he was 8. his brother came in months earlier as his cousin. his mother entered the u.s. as their step grandmother. >> so they gri

products they could make it tough for chinese mobile handset makers to do business in the us.it is already very ha rdfought petronius we understand that it is already very hardfought petronius marveaux business to get into the us. it's a very complicated market and you need strong relationships with the carriers like the horizon or at&t —— ha rd carriers like the horizon or at&t —— hard for chinese handset makers. —— the horizon. with donald trump you have the possibility of higher tariffs. with that thread on chinese products, it could create a problem for them because their products are more expensive and what is happening is will people want to buy more expensive products? no. obviously it will make it hard for them but is the us market even worth it? we know it is an incredibly saturated market, you've got huge leaders like apple with the iphone and samsung. so why bother? the key to the us market is that it is not a market of volume like india or china itself, the us market is the crown jewels of all smartphone markets as we know it. it's the market of high—value. that is

in the chinese case, it is more transactional than in terms of power.econd largest army in nato is the northern country to syria. what are we doing to exacerbate the contradictions and tensions? we are enabling a proxy that the turkish government sees as a primary national security threat. mainly the syrian affiliate of the turkish workers party. this is strategic madness. it is all tactics. it makes no sense. i think he does look into the future. he exploits it. i think vladimir putin gets classified as a tactician. i think he does look into the future. he knows america's called abilities and short comings. he exploits the hell out of them. >> in this confusing world, what would you have america do? if you could sit down with donald trump tomorrow and he would listen to you? i'd youuld give him and of an ilg so he would have a base of values from which to operate consistently. then people could be allies and predict what america is going to do next. that is clearly not going to happen. that is the nature of this populist demagogue in which they fire up

this is one of the largest celebrations of chinese new year. each year the floats seem to get more intricate and of course technology is beginning to play a role. >> what you see behind us are the lighting guys who start to add there finishing touches. so we basically have a float that i would say is that he 5% build. they do their stuff and we finished around them. >> when the parade arrives, you would think that they could just relax and watch it go by. >> we don't have that luxury. we walk with the parade. we are usually in all black like ninjas and we are making sure that everything is okay so that a few years ago -- like a few years ago a child throughout they couldn't handle the movement. we are there to help. just inch dust just in case it >> someone throughout, that's our motto. >> and the chinese new year right here. ally parade coverage begins at 6 pm following the fox to news at 5 pm. >> i can relate to that kid. i missed it one year because i was pregnant and i would have had the same response. >> and, extreme winter weather and sti

this incredible piece of music you are playing is called chinese rhapsody, thatis playing is called chinese tel is a little bit about it, and how unusual is that that it was composed bya unusual is that that it was composed by a singaporean composer? well, i have been delving into the music of my roots more and more. and the idea of this concert was to present masterpieces of the west alongside contemporary composition. so this timei contemporary composition. so this time i am premiering two works, one by kam kee yong, a singaporean composer, and another by a chinese composer, and another by a chinese composer who wrote a solo violin piece for me. when i first heard kam kee yong's music, i was immediately drawn to it. it has beautiful impressionistic colours, and it celebrates, you know, characteristics of resilience, perseverance, joy. and i thought the timing was perfect to bring this to carnegie hall. what better way to usherin carnegie hall. what better way to usher in the new year than to bring music of a singaporean composer. and indeed, it is the chinese new year, as you say, the lun

may be a correction our translation from chinese to english. you mentioned the chinese military power -- we don't use the heavens. it's in a religion war. we'll use space. [inaudible] i know that the u.s. military defense for a report thatre prepare for the war in the future, do you see any also possibility for china and united states cooperation militarily in this area? that we could walk together and make this region more peaceful? somebody hard spots. so this conclusion are also didn't raise the hold report but from the introduction -- to feel any space for the corporation or eat even interexchange for that. >> first you should read evans report. the focus of this report and all of the reports of a series is defense strategy. that defense, our defense strategy is about achieving our objective. our objectives are protecting american lives and property, working together with our allies to help defend the. maintaining the free flow of goods of information across the global commons. one element of that is clearly determined. it's trying to deter

slapped tariffs on chinese solar panel products, and he year later, the chinese came back and put tariffslicone exports come in so in between, everyone has lost. they have lost orders from china , seen their workforce in the u.s. slumped 350 as a result come and the solution now is to build capacity in china, a $1 creatingoint venture chinese jobs, probably 650 chinese jobs, and it lost those 350 u.s. jobs, so the u.s. tariffs led to counter punches from china, and in the end, jobs are created on the mainland. haidi: so i guess the lesson here is unintended, unseen consequences? >> exactly right. it is not a unique case. there have been studies of other trade spats. one was 2009 over tires, studies show the tyer levies may have saved to some jobs in the u.s. in that particular industry, but over the entire economy, probably 2500 jobs were lost the cousin american consumers paid more on tires and had less money to spend elsewhere, and there were jobs lost in retail. are these tariffs considered, what is often overlooked is that counter measures are taken on the other side. history shows th

: the chinese communist party has provided kim jong nam with special security protection. that's why he's stayed alive even though pyongyang ordered his assassination. he was killed this time because he was outside of china. it means kim jong-un has long suspected that the chinese communist party is trying to topple his regime and establish a pro-china, pro-reform government in north korea. >> he says it's not likely there will be an immediate repercussion for pyongyang. >> translator: kim jong-un has a strong grip on power. otherwise, he wouldn't be able to do this sort of thing. so i don't believe there will be any big political turmoil soon. but north korean people follow confucian ethics and will not respect a leader who has killed his uncle and brother. as for senior officials, they've been afraid that the china/north korea relationship could worsen and the government could collapse at any time. they've been taking bribes and selling information for foreign currency so they won't go bankrupt if that happens. they're not working out of loyalty to the leader. i think th

the chinese worry that somehow the u.s. strategic advantage, that we'll have troops there, it will make china look back. we need to have a discussion with the chinese about our reaction, together with our allies and south korea, would be in the event of a north korean implosion. china doesn't like to talk about those issues but it's very important that we be willing to do that and establish, dare i say it, some level of trust with the chinese. it's been a bit of a rocky start for the trump administration. but as i mentioned, i thought that conversation the other day in which president trump did accept the one-china policy is a good step. and i know there's a lot of talk about whether russia could be helpful. in my experience they've never been helpful on this. i'll leave it to president trump to decide what he can do with vladimir putin. >> ambassador chris hill, thank you so much for spending part of the your weekend with us, i appreciate it. >>> much more on our breaking news, north korea's test of a ballistic missile and

december his quite better for chinese trade.w year, it could be a little it could bebut around 0%, because it is still very challenging and firemen globally. rishaad: it is, but you say cfo, my guest previously is of maersk asia. he seeing things a better story than the middle of last year. rishaad: definitely, the global economy this year, the u.s. economy, the forecast for u.s. gdp growth this year is around 2.3%. last year was 1.6%, so that is quite clear pickup in u.s. growth, and that u.s. is china's biggest export market, so from that perspective, things are looking up. also, emerging markets, india, brazil, russia, all seeing growth pick up this year, so that is pretty good news, but is china, the only challenge the rising costs, the labor costs. theaad: they are going up value chain, aren't they? it will take its toll, but we are still expecting exports to have risen here. but more so, the domestic demand picture, and how imports are faring in many ways. >> for imports, much better than export performance in the last few

the chinese retailers can order goods to carry on their sites. the products will be shipped to the online retailers, this way the japanese companies don't have to worry about delivery or collecting payment from individual consumers. the retailers in china use chat messaging to ask for more details. online sales of japanese consumer goods in china have climbed sharply in recent years. about $7 billion. and are forecast to keep rising. but the business consumers in china are different from japan. and it hasn't been easy for japanese companies trying to break into the chinese market. this is a small japanese cosmetics maker. the owner said she's having difficulty finding a reliable partner in china. her company serves creams made from natural ingredients. they are vulnerable to heat. but that caused problems when it cream liquefied. >> translator: we welcome word of mouth on the internet. but we are also afraid of rumors spreading. so i think there are a lot of risks in the online market. >> reporter: finding a reliable e commerce partner can be a c

the chinese economy is -- overheating. natural thing for china to do is to raise its interest rate, as well. two years ago or one year ago, that was hard to do. the chinese economy was on the verge of deflation. tend to push the economy further into deflation. if the economy is at risk of inflation already, up rate hike is not something you should do anyways. my concern is that we have not adjusted interest rates sufficiently. and therefore, if you look at the growth of credit supply in january, for example, it was a very large amount. despite the fact that banks are trying to control the amount that is extended. that indicates a credit demand softbanktrong, giving supply credit is very strong. the current interest rate is not at the right level. rishaad: thank you so much for from goldmanong yu sachs. just ahead, reignited rivalry, hong kong, singapore, baghdad, competing for ipos. we will have the details next. ♪ rishaad: you are back with bloomberg. the rivalry between china and singapore is heating up. --is because of

the mysterious disappearance of a chinese billionaire apparently taken from his hong kong hotel by chinese security agents. the latest on that story in our business update. the heated phone conversation between donald trump in the australian prime minister seems to show the new president is ready to fight with even america's most faithful allies. in the u.k. british mps overwhelmingly backs the brexit bill on wednesday. he gives the prime minister the power to trigger article 50 and start the process to pull written out of the eu. court ruled last week that parliament should have a say in the move. we will talk more about all of this. i'm joined by doug herbert. what more do we know about this white paper that's due to drop at any minute? >> it's all a matter of conjecture what the fine print is going to say. everybody has their own version of what they think brexit means. theresa may has given this very broad prescription. some hints of what we might find in that paper. brexit means out of the freedom of movement provisions of the european union. the campaigners was they wanted control of

here, they make authentic chinese cuisine, which often bears little resemblance to the chinese food americans. >> it's very authentic. >> yes. >> reporter: instead of show girls, this casino has dragons. >> the dragon is our center piece of the resort. >> reporter: they're a symbol of good fortune in chinese culture. the bar is eight-sided, also a sign of good fortune. what are the odds that your bloody mary would come with a chicken foot? but since this is considered a delicacy in china, may as well take a chance. but instead of cocktails, chinese often prefer tea, so the hotel offers a traditional tea service. you're from china? >> absolutely. >> reporter: winnie gao now lives in las vegas. >> the style, the design, people are so nice. >> reporter: the department of commerce estimates chinese travelers spend $6,000 to $7,000 per person, per trip, ranking the chinese as the highest spending group of international visitors. >> they spend a lot more money on shopping and retail here, and a lot of that is high end luxury shopping. >> reporter: lucky dragon isn't alone trying to cash in on the c

add to that moves from chinese authorities to crackdown on money flowing out of china.een worth billions of dollars more if beijing had not blocked some 30 acquisitions with europe and the us. takata shares were untraded in tokyo this morning, amid a glut of sell orders. that's on reports the airbag manufacturer has selected key safety systems — a chinese owned company based in the us, as the final bidder to back its restructuring. key safety systems — a chinese owned company based in the us, as the final bidder to back its restructuring. the japanese firm has been looking for financial support to help deal with billions of dollars in recall costs related to millions of potentially defective airbags. we will get the latest on that and all the other business stories. i must admit, president trump doesn't feature in my programme again today. and he picked the patriots to win the super bowl and he did. mass protests have continued in romania for a sixth consecutive night, despite a climb—down by the government. earlier, the government scrapped a decree to decriminalise som

the chinese have not done enough to enforce the sanctions against north korea.h goes through the river, the chinese are still getting supplies over that bridge. some why not try and play tough and see where that gets us? if we haven't got a good deal of -- i am saying what i heard on the campaign trail repeatedly. we have not had a good deal. they like the idea that donald trump is tough particularly on china. they liked the idea that donald trump is talking tough. jerome: i think if we talk too tough it is going to unleash a , propagation against us and a retaliation. host: and the fault line is north korea? jerome north korea is the most : immediate challenge. people don't realize we fought in 1950 to 1953 against china because china would not tolerate the collapse of north korea on its border. things have not changed. the chinese don't like the north koreans either as a people or as a government and it is reciprocated. north koreans don't really like china at all and you can see , there are a lot of meetings between the leaders of south korea and china. you d

interests, and one way we can do this is to say kim jong-nam was a chinese asset.e is under the projection of beijing because they wanted to have a kim in reserve in case they wanted to change the top of the north korean leadership. we have to remember that right now there is this spat between beijing. at the end of the day, the chinese and support the north koreans, not because the north koreans are friendly and helpful to the chinese, it's because the north koreans do things that are in the long term strategic interest of china, which is basically keeping office off-balance. >> jenna: interesting. we have talked about north korea for years now, it's something that has plagued our affairs in north korea, plagued a variety of different administrations. it president bush, and 2002, had this to say about north korea. i want to play a little bit of that for our viewers. >> north korea, as a regime armed with missiles and weapons of mass destruction while starving its citizens. estates like these and their terrorist allies constitutes evil. harming to threaten the peac

the biggest problem from the is p of chinese government ing's power. about to be reelected by the 19th party congress. there is a widespread belief that this man is not going to stop at the end at the second term, as he should, according to custom. and that he will find a way to perpetuate his power. i compare him some ways to stalin following lenin. in aman is following general, tactical way. he wants to perpetuate his power. asian dictators have found ways in the past, we had marcos in the philippines and parking south korea. putin has found a way to perpetuate his power despite their organization politically, etc. .utin is admired by ping how people cope with this, i don't know. but there is a continuing relationship. should not assume putin is only looking west. he is also looking east. and we have to be aware of that. >> what you think then ping makes of donald trump's proximity to putin? >> he doesn't know. he may think -- it is words. basis,got no substantive but he would be worried about it. and i think what we are doing east and west side, is

the chinese military has exploited those that are abilities. if someone looks at chinese modernizationbest over the years it has been logical and it has been systematic. it has been logically and systematically about taking away our ability to project power and reassure ouro allies. we see the buildup of chinese defensive capabilities and the move for more offense of capabilities. , the maine operational challenge, the main strategic challenge and the knives they and asia and the united states and west pacific is the anti-access area of denial challenge. there are a number of capabilities aimed at one thing will ability to project power as america's allies. strategic gamee for the states in the western pacific is first does the forward defense remain our best strategic option. carry thathould we out? the heart of this paper is those questions. stated concisely evan argues that a forward the men's remains as important now as it has in the past. retrenchment carries with strategicngers both and operational. you really need to stick to a strategy.