the chinese believe -- they were chinese aid projects would be more than just a project. they would be models. aid would show how chinese was more selfless and altruistic than american aid or soviet aid. this would in turn, ultimately create a model of economic cooperation -- both sino-american cooperation and south south economic cooperation. aid china implemented it assure thattried to they look different from american and soviet a project. they had a different symbolic geography. how did they look different? one of the things that the andese always insisted on they became known for in africa was that chinese technicians were expected to adopt to local living conditions. they couldn't demand imported luxuries. part of it was because china wasn't in a position to send over air-conditioners and refrigerators in the first place. nonetheless, china was saying look how our technicians live and work in the old -- fields beside africans. i praise the chinese just for this. it enabled some people on the proceed the chinese as brethren. are youous criticism is getting this from

exaggerating chinese influence. not always understanding that just because somebody went to china or received a from china it meant they were absolutely committed to spreading this throughout the third world. thank you very much, those were good questions. >> this has to do with the extent of self-awareness on both sides. by the 1950's, the united states was at least aware that the racial problems that you talked about in the book were not exactly helping it. they were trying to massage or at least manipulate the message. they knew they had a weak spot. they had to spin this in some form or fashion. is there any sense that the chinese were self-aware of the practices or policies they engaged in hurting themselves? you mentioned in the book, the war with india in the early 90 60's, the treatment of tibet, i assume they don't advertise. as you approach third world leaders or would be leaders, are they aware that they are should themselves in the foot or at least engaging in practices that may not help them achieve the

there were two chinese armies, six chinese divisions. the british army and to divisions fighting in burma in march and april of 1942. one americans sa we will not supply any combat troops, ground combat troops to burma until merrill's marauders in 1944. he is not committing any americans other than his immediate staff. what did stillwell think of chiang kai shek? narrative. chiang kai shek and stillwell really begin not to get along right here. six divisions that were sent down were supposed to follow stillwell's orders and the regiment commanders would not follow his orders and less they called back and got chiang kai shek to agree. that is not how you fight a war. stateell was given four department advisors. today our commanders are given for policy advisors. we have a relationship with the state department in a lot of ways. general betray us had his state petrausnt -- general had his state department guys testify. this is john service and this is john pat davies. these guys are going to get pilloried during the mccarthy era as being s

there were two chinese armies, six chinese divisions. the british army and two divisions fighting in burma in march and april of 1942. one american and his staff, we will not supply any combat troops, ground combat troops, the burma until merrill's marauders in 1944. anys not commanding americans other than his immediate staff and four state department guys. what did stillwell think of chiang kai shek? this is my narrative. the question and answer anywhere, i will go through this narrative. and stillwellk really begin not to get along those 6re because of divisions that were set down were supposed to follow stillwell's orders and all the core commanders and division commanders and regimental commanders would not follow his orders unless they call back and to agree. kai shek that is not how you fight a war. four stateas given department advisors. today our commanders are given foreign-policy advisers. we have a close relationship with the state department in a lot of ways. general petraeus had his state department guy and they testified b

the chinese say you're not worthy of becoming chinese. you can't become chinese. you can imitate us, but it won't be too close. the closer you come, the more i will give you a little bit. if you give me enough respect, i will give you a present. >> if we go to the question about the basis for potential meaningful cooperation, some sort of way out of the historical peril. the trump administration is putting a lot of weight on the joint of the peninsula saying , that korea may be the way in which we find a something. to what degree do you believe there is a opportunity there for a meaningful breakthrough? let's confine it to the u.s.-china relationship on the north korea question. >> let me back up. i think this is a good question. during the obama administration there was the climate deal, economic relationship and it's not been great. it seemed like it was heading in the wrong direction, so i think the question of the vacuum on the positive legislature and the small ball being put in that. obviously, there is constraints on some of the scientific space exploration

hong kong is braced for the arrival of the chinese president, xijinping.e injust a short while ago, and he arrived really on two counts, 20 years of chinese rule in hong kong, and this is the point at which carrie lam will be inaugurated as the new chief executive of hong kong as well. as you can see that, a number of dignitaries gathered, waiting for xijinping to number of dignitaries gathered, waiting for xi jinping to arrive. juliana liu is in hong kong. obviously a significant moment, but on many levels and the security around this trip tells its own story, doesn't it? absolutely. we are expecting the president to be coming down from his plane any moment now. after he touched down in hong kong the police boats behind me started making several runs around our position. security is at unprecedented levels. news reports there are already 10,000 police officers on duty to ensure his safety. of course that essentially means that local citizens, ordinary citizens, will be very unlikely to get anywhere near to the president and first lady. he is expected to b

the chinese navy.so japan will be a significant player but the question and i think this is what eli point he made earlier, the economic gravity has shifted so dramatically that i have no alternative to deal with you as main market, main investor, you as the person who i'm dependent upon. i think you'll see the security relationships that we built up there in the philippines in the first instance and south korea, i predict it's extremely stressful alliance and ultimately perhaps even japan. >> i think we are going to follow the rules here today and finish on time. i want to thank all of you for coming and i hope you'll join me in thanking our terrific panel. [applause] [inaudible conversations] >> this morning we will have coverage of former fbi director james comey testimony before the senate intelligence committee. see it live starting at 10:00 a.m. eastern on c-span3 or c-span.org where you could also read the former director's opening statements now ahead of the hearing. and if you're on the go, yo

the chinese say you're not worthy of becoming chinese. you can't become chinese. you can imitate us and to the extent you do it won't be too , close. the closer you come, the more i will give you a little bit. if you give me enough respect, i will give you a present. >> if we go to the question about the basis for potential meaningful cooperation, some sort of way out of the shoals, some way out of this historical peril, the trump administration is putting a lot of weight on the joint of the peninsula saying that korea may be the way in which we find a -- find something. to what degree do you believe there is a opportunity there for a meaningful breakthrough? let's confine it to the u.s. china relationship on the north korea question. >> let me just back up for a i second, think this is a good question. during the obama administration there was the climate deal to the iran deal, economic relationship and it's not been great. it seemed like it was heading in the wrong direction, so i think the question of the vacuum on the positive legislature and the small ball be

the chinese government will not let it occur.eir administration. the fact that includes things like getting people to believe they are chinese, that is concerning. the guardian reporting on the new look ken. all six versions. it looks like a boy band. lam the versions. it looks like a boy band. i am the same age as cat as ——i am the same age as ken. are they going to make a fat boy ken? they say they have. not as bumpy as me. absolutely fascinating chat. thank you to you for watching as well. hello, once again. as has been the case in recent days, tuesday brought 30 degrees quite widely across the southern half of the british isles and, as they say on the bbc, other heatwaves are available. if we get to sa on wednesday that will put us well up the league table. not quite into pole position compared to 1976, but certainly up there. of course, wednesday is the summer solstice. for some, the real start of summer. and it will certainly feel that way, starting with 20 degrees in the south of wales and into the west country, down into

the chinese premier addresses the world economic forum in china. we take you there live. >> we are waiting for lines out of dalian. we will get the news as they make their way on the terminal. let's see what we get. markets mixed. 43% up, 43% down, the rest unchanged. cross assets, looking like this. most on the way out. we are basically flat. no pickup in volume except for taiwan and china. have a look at these stocks leading gains. one standing out to the downside , but next across the currency space. commodities, the big story gold. it was a story. you had goldfinger, if you will. prices have recovered a little bit, but still $10 before the price plunge yesterday. sovereign bonds coming yields on the way down across the board. was a market event yesterday with a cold, but you put everything together and scale it here, near theme lowest levels on record, so does a really change a lot of things. a great chart here. talking about china here, what we have seen, the csi is down about 900 points. we have seen four straight gains into monday. as you se

the chinese have not honored that promise and the british government has ignored it. since 2014's umbrella revolution, the people of hang congress have had harsh restrictions on their freedom. hong kong's pro-beijing government is slashing lawmakers with expensive lawsuits and a backhanded attempt to disqualify them from their seats. people's access are being rounded up and detained by hundreds for exercising their rights to protest the new government. five book sellers were abducted, smuggled across the border to china, forced to confess so-called confess their so-called crimes on national television simply because their employer sold books critical of beijing. and just this week the democracy activist and heroes of the umbrella movement, joshua and nathan were arrested while peacefully protesting the of chinese' president and where they unfurled a banner of cho. mr. speaker, i want to commend this body, especially congressman chris smith of new jersey, for the resolution he put forth earlier, a resolution that recognizes the contribution to democratic freedoms as a

the chinese president will address them in the coming days.ou see the flags of hong kong as they are and chinese national flags. they have similarities. one is decorated by the five golden stars on the other is the white bohemia smaller. the airport is engulfed with these flags and chinese culture and our hong kong gas, they were mentioning the importance of educating the next generation about his identity and the principle of the one country to system policy. it's very important to educate them, many of the young kids standing at the airport, welcoming the chinese president were born after 1997, after the handover. for them, how to understand the connection between the mainland and hong kong, what would you suggest. >> first of all, i think to understand hong kong as part of china is just to understand the earth will revolve around the sun. it's reality. i think everyone will need to understand that. >> what's listening to what he has to say. >> dear friends from the press, today we have a good day and it's a bit warm and hong kong. you're wa

there's been no official reaction from the chinese government so reaction from the chinese governmentith very terse statements, saying essentially the us should really be minding its own business. in terms of civil liberties in hong kong, hong kong is guaranteed freedom of expression under the one country, two systems framework, but certainly in recent years local media especially has been saying the chinese government has been interfering, sometimes directly, with their work, and sometimes it's commercial pressures, they say, that have limited their freedoms. thank you for the update. chris patten was the last governor of hong kong and he's published a book called first confession sharing his personal thoughts on his time there and what lies ahead for the region. my colleague babita sharma asked him if 20 years later the people of hong kong feel let down by britain. i think they do. i think they feel that we let down their parents‘ generation, and they are worried that we will let them down as well, and so am i. it's one reason why i've spoken out in the way i have. we have obligatio

are chinese companies against chinese companies.so china knows that it needs to compete by bolstering ip, but in the meantime what are we to do in america? here is my thinking. if you are -- if you are thinking that china can make whatever we make at the press of a button, look at the chinese safety scandals. look at the thousands of scandals over there and look at the hundreds over here. so a very recent one was the san francisco bay bridge where the death plates, football field death plates were sourced from a large chinese enterprise and the welds were coming back cracked and rather than fixing the problem california transportation authority decide today fire inspectors, avoid that bridge in an earthquake. but you know, this is not on outside case, if you look at the high-speed rail industry which is a perfect case study of china copying ip for the high-speed rail technology, you know, from hyundai and kawasaki. yet, if you look at that infrastructure project, it has been an example of corruption and lack of safety. so the crashe

the chinese authorities a very the introduction of chinese equities at this stage of this story.sk you,as going to what does this do to risk, because in 2014 we saw the big boom and bust in chinese markets. as our colleague was saying, we get more institutional investors ,n china, maybe that's a good but maybe crises in china will be transmitted around the world a little more because of this. our does that overstate it? your question is absolutely right. , what the chinese authority want since the beginning of the capitalist story of the chinese economy and chinese markets is exactly to what happened at the end of the 1990's when we experienced a huge inflow going into the country, going into the asian equities, creating a bottle and then a crash. chineseexactly what the authority wants to avoid at the time. the chinese economy is stable because since 2008, in the wake of the subprime crisis, what we observed is credit growth is running 4%-5% a year faster than the normal gdp growth, meeting we are in excess credits for a long run, creating over the next five years or something l

-- chinese influence, chinese food.vegas, or a hotel in singapore, you have to consider what will the chinese think. is that exciting? uh -- >> minji: it's exciting that we finally have an influence that we wouldn't. like china is sort of in the spotlight in a central stage now that we wouldn't have dreamed of like, say, only a decade ago. >> anthony: for me, i think, uh, you know, the communist menace that we used to always talk about in america, i think the most terrifying scenario is that china becomes a completely free-market, non-socialist, non-communist society, because you'd bury us. [ laughter ] "how to win at business." step one: point decisively with the arm of your glasses. abracadabra. the stage is yours. step two: choose la quinta. the only hotel where you can redeem loyalty points for a free night-instantly and win at business. the average family's new, but old, home: it stood up to 2 rookies, 3 terrible two's, and a one-coat wondername". it survived multiple personalities, 3 staycations, and 1 tiny announ

the chinese government said, no dialogue.ave tried to return to your homeland several times. you have said, arrest me and then take me back to my homeland. and then i can continue that dialogue in the courtroom of china. even in the form of indictment. are you serious about that? despite the comfortable life in taiwan, you would rather go back to your homeland to face a court and make your case for democracy? and then i could see my parents, at least in the form of a prison visit. to continue unfinished business. i remember one of our respected teachers back in 1989 who was in the street and supporting us. now she is a dissident in china. she says if you are not in prison, there is something morally wrong. iam moved. can there be democracy in china? in your lifetime? absolutely. i have to be optimistic. i watched one of the early bbc shows interviewing the mahatma gandhi. he was optimistic. thank you very much. good morning. london may not have been the sunniest place across the country, yesterday, but it was the warmest, wit

all right, we have the firebird youth chinese orchestra. she's coming up next. robert: and welcome back. the zither is a unique instrument, and it takes a unique person with talent to play it. the zither is a string instrument that dates back to 433 bc, and yet it was played for us by a very young, talented musician, anh tran, who intentionally or not gave that historic instrument a contemporary sound. i was impressed by the artist and her artistry. here's anh tran on the zither. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ robert: the very talented and charming anh tran. well, coming up to close our show, one of my all-time favorites, the pounding rhythms of san jose taiko are coming up, so stay with us. of san jose taiko from its very early years. i did a special report on a group trying to preserve and enrich the traditional form of japanese drums. it didn't take long before the group was getting local, national, and international attention for its ever-evolving music. here's a segment we taped with an ensemble from san jose taiko. franco

how a chinese company enters a market for a chinese brand, and north america is a high barrier for mostompanies related to the trade issues. about 100 top brands like huawei, tencent, alibaba come all facing different issues. to --of times is related yes? haidi: sorry i'm going to have to cut you off. but certainly you do have these marquee names from the chinese tech space amongst your clients. next, the godfather of pc in china why entertainment brings new opportunities. this is bloomberg. ♪ rishaad: china it is a huge market for venture capitalism. with early investments in tencent, see trip, the founder is seen as the godfather of the chinese vc industry. >> we pay a lot of attention to artificial intelligence, and also enterprise software. data mining and cloud computing, database technology, those are the areas. >> is the entertainment sector of particular interest for you? >> for myself, i see a lot of opportunities because by now china's film screens, the number of film screens already has exceeded the total number of u.s. screens. in the u.s., roughly 40,000 screens. china is 1

when we talk about peranakan, a fusion of malaysia in and chinese food, culture techniques and chinesee unique to singapore. garlic, dull and dull, and quite unique to singapore. garlic, dulland dull, chile, shrimp paste, lemongrass, cassia lime leaves and a lot of aromatic stuff that we blend into the spice paste. so, really, the key of the qasim is how you balance the different spices and flavours to create the base. everything just revolves around that. i would say is that success when we start to see young people come in to a traditional style of cuisine. that is important because it is the young people who will carry on this culture, the stories as well as the flavours. he will be cooking for both of us. you have been watching newsday. stay with us — it's been 20 years since asia was hit by a regional financial crisis. we will find out what happened to malaysia. looking forward to that. but you are paying for that meal, ricoh. and we'll leave you with this. to some of you it might look like a piece ofjunk, but someone's just paid a lot of money for it. this is a complete model of

see i approved chinese domestic shares for inclusion.ved domestic shares for inclusion, almost as $7 trillion market, a bigger role in etf's and 401(k) retirement plans. be included,ll comprising .7% of the global emerging markets gauge. >> when you do all the computations, the number of shares in the market cap and all of that and you look at what could investors put into the through the shanghai and shenzhen connect program with hong kong, the ceiling was restrictive, so therefore what we are able to do is speed up the regulators and see if we can .et it done in one step our announcement is two steps just to make sure we have enough room. him as cia off reclassifying saudi arabia, msci has held off on reclassifying saudi arabia and argentina. nigeria would not be reclassified as a standalone market. the news south korean president said he would like to meet kim jong-un before the end of the year. korea must play a prominent role in regional politics and a presidential visit to pyongyang was a good idea. he says he shares president trum

the chinese government said no, no dialogue.ally tried to return to your homeland. yes. i know several times. four times. and in a sense, you've said, "arrest me." yes. but then, take me back to my homeland, partly then because maybe then i can see my parents. and then i can continue the dialogue in the courtroom of china, even in the form of indictment and plea. i want to have that dialogue. are you serious about that? very much. despite a comfortable life in taiwan, and believing taiwan is a working democracy, you would rather go back to your homeland, to china, to face a court and make your case for democracy? and then i can at least see my parents. even if it is in the form of prison visits. and to fulfil and continue unfinished business we started 25 years ago. i remember one of the letters of one of our prospective teachers back in 1989, who was in the street supporting us. and nowadays, he's a known dissident in china. she says, nowadays today, if you are not in prison, there is something morally wrong there. i'm moved. w

president xijinping president xi jinping arrives to celebrate 20 years of chinese rule. more than 60 countries have now been hit the latest cyber—attack. an expert tells us this is the future of conflict. i'm kasia madera in london. also in the programme: the first woman jockey to win australia's biggest horse race is suspended after failing a drugs test. putting singapore's traditional cuisine on the global map — we meet the chef who won peranakan food its first michelin star. good morning. it's 8am in singapore, and 1am in the morning in london. we start in hong kong, where extra security measures have been put in place for the arrival of the chinese president xi jinping. he is due to arrive in the next few hours to mark the 20th anniversary of the handover of hong kong from britain to china. it's his first visit to the city as chinese leader and protests are expected. 26 pro—democracy activists were arrested on wednesday, after occupying the "forever blooming golden bauhinia," a monument to the reunification. chris patten, the last governor of hong kong, spoke with bb

unusually, you sold out of your chinese state, out of the chinese market.rowth?|j learned potentially losing out on growth?” learned in my various guises by working in china that you either go big or not at all. half in and half out, you get murdered. it was a competitive market in china. there was a lot of working capital required to succeed and we would never have had the resources to do china justice. cardinal health are doing a very good job. it would have meant we had to close down other operations in other markets where we have leadership positions. i would rather be a strong leader in the markets i operate in rather than be a weak player in china where local players have me for breakfast. you have got quite big clients and drug companies, like gs k, pfizer, novartis, this has been impacted greatly by consolidation. how has it impacted you as a drug distributor? you win some and you lose some, we have had some major changes in the last three or four years. we benefited from some of those as partners see us benefited from some of those as partners see

the chinese need the americans and the americans need the americans and the americans need the chinese the chinese realise as well but china has significantly strengthened its hand for its claim in these south china sea as a result of its activity. what about these artificial islands? they were built during the 0bama administration and nothing was done. is there anything the claimant can do together with the claimant can do together with the americans? there are number of claimants. the asean group has tried u nsuccessfully. claimants. the asean group has tried unsuccessfully. the chinese government has been quite clever to undertake bilateral discussions, notably with the philippines. it has scored some victories essentially by exchanging or offering favourable loa ns exchanging or offering favourable loans and development loans in exchange for quiet acquiescence. loans and development loans in exchange for quiet acquiescencem the end you see it as a lost battle? the battle may be lost, the walk can still be won. it is not going to be a war that sees china withdraw from the south chin

dollar, chinese there,ign bonds out creating the yield curve.eady for the offshore market yet. we need to see more. if we have seen it, i think we will instill the appetite for chinese sovereign onshore -- i am sure that is going to come. betty: that is a long way off. exactly. in terms of now, then, where do we buy? where do you buy? alicia: korea and mexico. debt to gdp is very low. this is what i would buy. yvonne: you mention about this in hong kong as well. it could be a way to internationalize the yen as well. without full convertibility, do you see the remedy -- taking the renminbi taking a share of the markets right now? alicia: no. i am not ready for the onshore market. the underlying risk is on onshore bonds, mainly -- thatn help people look at from a different jurisdiction, but it is not going to be a game changer. it is a good start. it is not good create this fully, you know, fl demand for a new market. it is just the beginning. yvonne: if you are looking at long-term's, do you think china can afford to go into full of affordability

we chinese consumers are crazy about that. we need that. >> last year, ma told president trump he'd help create a million jobs in america. it's part of him making good on that pledge. this wants to be the foot locker of china. they've been selling their products on the platform for about nine months an say they've seen incredible growth and have hired five or six people here in the united states to keep up with demand. other businesses here at gateway have similar stories. like a family owned ginsing manufacturer and even big brands like gerber baby food. >> i believe that we can create at least four to five jobs a year and if if the business stumble, we need 20, 30, even 40 a year. >> we see as the wave of the future for the business. and because of the growth, we've been able to create tons of new jobs up to about 20 this year. >> ger significant expansion international markets. this is really requiring us to build new capabilities. >> the entrepreneurs here are excited about the prf selling their prukd prukds in china, but

we hope to ask the chinese government to protect the interests of hong kong.nse of years of thousands of protesters were in the streets of hong kong. could think president xi draw similar demonstrations here? >> i think it will be more people come to the streets again than 5-10 years ago because the fact is in the previous five years, when hong kong is still far away from democracy, a book publisher and businessmen can be thinkped and objected, i those incidents already proved that hong kong people really worry is one country, two systems in name only, or one country overrides two systems? that is why july 1 and after this i believe there will be hundreds of thousands of people to come for the street and ask democracy. >> what you want to hear from president xi. >> i hope that he could aware that hong kong people are not the ones advocating for independence. we hope to protect hong kong and ask for democracy and to ensure judicial independence and free economy and hong kong. separating yourself from the independence movement in a way, right? >> you have always

there has been no official response from the chinese government yet. they might ask them to stay out of chinese business. hong kong hasn't issued an official statement. they will take a softer, more nuanced line. indeed, free press is something hong kong enjoys under the one country two systems formula. this is a right that is guaranteed in the basic law. in recent years, especially local journalists in the basic law. in recent years, especially localjournalists have said, they have complained about interference, direct interference from the chinese government. they have also said that commercial pressures a re have also said that commercial pressures are making it more difficult for them to express their views. the youth of hong kong have been a driving force behind many of the protests. some even want self determination, others independence. has president xijinping at determination, others independence. has president xi jinping at rest the issue? yes, rico, he has in a quite frank statement in a meeting with top hong kong government officials. he app

a chinese editor put the question to her. a growing wealth gap. a chinese editor put the question to herli wa nt to editor put the question to herli want to give our younger generation hoped for the future of hong kong. in terms of the economy the hope lies in diversifying the economy so it is not just lies in diversifying the economy so it is notjust financial services and tourism, i want more attention on technology and creating quality jobs for people, for young people. certainly i i know that housing is important. i want to give young people the sense of hope. and, yet, this generation, some of whom in 2014 spent nearly three months on the street protesting for democracy, they may look at you and say that you have been there for the best pa rt you have been there for the best part of 40 years. it had the housing job, the developmentjob and now you are saying you are going to sort this out? the root of the problem is the politics because hong kong is a stitch up between the rich and the rulers and we do not get a look in. the government has inc

flapping sanctions on chinese -- slapping sections on a chinese bank. >> the government seems to be irritated, saying they hope that the trump administration will correct the mistakes and bring the chinese and u.s. relations back to the right track. it is not just about sanctions against that bank, there was an arms deal between the u.s. and taiwan. so there is obviously irritation right now that will probably not stop trade relations between the two biggest economies on the planet. christoph: thank you. australia is extending their own record as -- record, they have not seen a recession and more than a quarter of a century. one other four quarters to be precise. experts say that when growth does not occur for two generations -- many people do not know the meaning of economic crisis. correspondent: australia swimming and economic success. this month, the country claimed the world record for the longest time of uninterrupted economic growth. australia's last contraction was in 1991, and even then it was a blip. for the 26 years since then, it has been on

no chinese economy which means there be no chinese political system we have not been willing to use the elements of our national power because we've been so afraid of the chinese once we do things that's going to change that with the temple ministration i think that could very well change and there's reporting in japanese newspapers that trump gave presidency to him being in the mara lago meeting you talking about one hundred days to solve this that means on july sixteenth or at least july seventeenth we're going to find out if the trump administration has the political will to impose those costs on china and that hundred days is just a rumor but it also coincides with commerce secretary wilbur ross his hundred day plan to reduce the deficit with china so i think that there probably is something to it and we're going to find out in july so many links quickly before we go last question our secretary of state rex tillerson has said that he may ban americans from traveling to north korea that we don't want another author warm beer or lisa ling's sister laura being to. to them that's a good

banksry to target chinese -- target a chinese bank to put pressure on north korea.s this they right approach -- this the right approach? ? >> both president trump and president moon jae-in believe there need to be sanctions on north korea, and this is an important step three we saw in iran, you could argue that sanctions did work and got them to the negotiation table. secondary sanctions are in place. julia: they are slightly different in their approach, heause south korea, when first came to power, he said he was in favor of engaging with north korea rather than this more upfront sanction response we have gotten from president trump. there are little differences, and when we look at the language we have seen from this administration, they keep reiterating the relationship is ironclad here. things have changed, shortly. -- surely. >> i think the aspect is that both leaders feel that the alliances lynched in for security, peace, and prosperity in the region, and for that, you have to have a dini clear eyes -- do nuclear eyes -- denuclearize north korea. if we do get

we have seen kong to chinese sovereignty.me people detained and now released. how great are those tensions and what are they over? the tensions and what are they over? the tensions are absolutely enormous. the people of hong kong, in particular the younger generations, wa nted particular the younger generations, wanted democracy. democracy, as we understand that in the united kingdom. the chinese government under xijinping will kingdom. the chinese government under xi jinping will not accept hong kong becoming a democracy. and this is where the basic tension lives. how much more liberal is the attitude in hong kong compared with china even 20 years on? the basic attitude between people in hong kong and in china, very different. hong kong, having been a british colony for 143 years, believed in democracy, human rights and an independent judiciary. democracy, human rights and an independentjudiciary. those are not values that are generally shared and believed on the mainland of china and certainly not by the chinese government.

on two chinese individuals and one chinese shipping affirm the treasury and the top administration accuse them of having contacts and helping. the missile and nuclear program all of north korea a chinese bank has also been sanctioned it is being accused by the united knighted states of laundering money for north korea now these are some pretty serious steps. out from the united states considering that the us president donald trump has in the past always wanted to talk about his relationship. with the chinese president she's in paying and that's a weekend trip they had together to his results in florida in mara lago since then there has been criticism from the us presidents. toward the ad chinese government and its president she's in paying so not all is well in that relationship and when the presidents of south korea and the united states come together. itself just north korea that in a sense is in that meeting with them at its china as well of course which has a significant influence upon those relations. philip thank you very much indeed for the crowd of that in the very noisy town of t

many of the big businesses are owned by chinese indonesians.t against them, we might see some of the money in the country right now are repatriated overseas or elsewhere. and they would be a big concern for the country. notwithstanding that, as i was saying, strong growth rates in indonesia will turn around the economy. the finance ministry is really tried to make headway. we will have more on the asian financial crisis with my special show this weekend. you are reporting from the philippines on that? so lots more for our audiences. watch out for the special report, posted by our guests, which will be on saturday and sunday. with that, we and this edition of asia business report. sport today is coming up next. you are watching bbc news. doctors at great ormond street hospital have been told they can switch off life support for a terminally baby after his parents lost their final legal battle. 10—month—old charlie gard suffers from a rare genetic condition and has brain damage. his family wanted to take him to america for experimental treatment.

after talking with chinese leadership, he said he will meet with the chinese leader.s a good relationship. americans need to build on that. chinese have the not got control over north korea's. if they reduce them to conditional poverty, it will not say when they surrender that they give up nuclear weapons. haidi: it is an opportunity for beijing to step up. after that remarkable speech president xi gave with the idea china is filling in the vacuum of potential being left by the u.s., global trade, liberal values, is it the opportunity for beijing to show it wants to make a meaningful step towards making -- >> absolutely. on climate and north korea, you have an opportunity for china leadership, leadership about to be confirmed by the party meeting in a couple months' time. you have leadership china with y to be seen as a global leader in a way we never thought possible six months ago. everything president xi said in the speech has been rendered even more likely. very largely it is about very good made for his support on north korea. with tough prime minister turnbull,

the bigger risk cleared he is what is happening within china and the chinese economy, given that chineseit market within asia, that is the key with what happens with the economy there and the policy outlook within china is really important to that market. rishaad: ok. i was looking at european debt, even greek 10 year yields are now 5.3%. who thought that would happen a few months ago even? yeah, exactly. the world has become a low yield, low growth, low inflation place. haveere where you actually places like greece that are being backed up by the imf and the ecb, there is generally support for all of these markets giving you a positive yield, whether investors are taking too much risk to get that little bit of extra yield is a question where there will be a day of reckoning in the future, but this low volatility environment encourages investors to continue down that path. rishaad: actually, people are also looking at the data in europe and thinking to themselves, do we need more stimulus? do we still need this bond buying program? mario draghi will be talking in portugal tomorrow. any h

will this put an end to the chinese companies and theirforeign buying an end to the chinese companiesir foreign buying spree, an end to the chinese companies and theirforeign buying spree, paying eye—wateringly high prices for foreign assets? the tide has turned already. for instance, delian, controlled by the richest man in china, he owns legendary pictures in the us along with an attempt to get dick clark productions, which did not happen in the end. the tide is turning. much of that is trying to stem the capital outflows and it is about the pressure on the currency, the rnb, as well. and there is money flooding out to hong kong. we are seeing the tide turning. we are not seeing the tide turning. we are not seeing levels last year and this year repeating again. the chief executive of fox com says the company will invest more than 10 million us dollars in a display making factory in the united states. the taiwan —based company is the largest contract electronics maker and a major supplier for apple. largest contract electronics maker and a major supplierfor apple. he says he is optim

in about an hour's time, we will hear from the chinese premier.f things is speculated about what he might talk about, including the state of the economy. from our perspective, let's turn to our first guest. he is russia's deputy minister of economic development, alexey gruzdev. thank you for your time. we talk about the russian economy, but what are you expecting or hoping to hear about the chinese economy from the premier in about one hours time? >> of course, we are anxious to hear, because the chinese economy is undergoing some new adjustments and transitions from the more traditional expert oriented model to a new, innovative one. we are reporter: how much more reliant is the russian economy on china today, given the scandals and the trump administration attached the rice -- russia, and the oil prices. china is russia's biggest trading partner. how much more reliant are you on china today? >> china is our main trading partner, and trade accounts for 14% of russian trade. of course, we are steady partners. we rely on each other. i would not say

this is the elephant in the room for the chinese government.t this movement even exist in hong kong, a place which is supposed to have prospered under chinese leadership. he did tackle the issue. we were waiting for him to tackle it. he did that last night. and he is not really likely to be facing direct challenge during his trip to hong kong. there have been sporadic small—scale protests against him because of tight security. he is unlikely to face that had on. as you know, you meet a lot of people in hong kong who said the beijing leadership doesn't seem to get that oui’ leadership doesn't seem to get that our dna in hong kong is a little bit different from the mainland. we value certain freedoms here. many people have told me that china really wa nts people have told me that china really wants hong kong to be another province of china. is that fair? just a a few hours ago the us state department issued a statement asking china to respect those rights in hong kong, especially the freedom of the press, and this isjust one of the press, and thi

sophie: we are seeing chinese stocks on the back foot. sx 300 game. weakness once more. hung saying down .2% -- hang seng down .2%. is rebound in energy prices helping oil players in sydney, trading higher by .4%. helping to also support gains across the region here. take a look at the currency drop, the yuan snapping a .3%, and the yen trading at 111.14. the yuan steady after the pboc said the daily fix slightly weaker. asian bonds looking mixed as treasury yields tick slightly lower. as our mliv opines, the bearish turn is not enough to bring back global deflation. that could provide some and the test for stocks. industrial metals in white outperforming. i want to pull up some market ,overs this morning, tencent rising over 1% after a drop on wednesday. as kate telecom gaining 3.5%, the most in three months, after samsung security said the stock is undervalued given it is the biggest shareholder in sk hynix. rishaad: thank you very much indeed. let's get over to paul allen in sydney for first word news headlines. paul: thanks. china has rejected president trump should

he understands trade craft and can speak fluent mandarin chinese. he lied to the fbi and the chinese have great incentive to get him out of the country to see what's in his head. prosecutor john gibbs told the court that the chinese gave mallory a phone to communicate with them and had indicated he was setting up a bank account in another name where the chinese could allegedly deposit money. prosecutor argued m mallory has money troubles and the only money he made is what the chinese paid for the two white papers he made for them. prosecutors said today they were still analyzing some of the items out of the house. the judge said that he wanted to know a little bit more about the letters that he was given today by people that were trying to vouch for mallory's good character. he asked if the defense could tell them whether or not any of these people who wrote the letters knew beforehand mallory was facing these charges. the judge was then given the indication that everybody that wrote these letters did know what mallory was facing. the judge seemed s

chinese regulators now instituted new rules that limit under what circumstances and for how long chinese companies can both trade. there's been another issue. limits on how much that could be taken in and out of the market at any one time. but the creation of direct stock links between shanghai and hong kong and shenzhen and hong kong, the two big exchanges in mainland china, now make it far easier to get money into and out of the mainland stock market. all right. what does all this mean for investors? it means if you own international indexes through exchangex chan change-traded funds, for exampl the chances are you'll be owns much more china stocks if this goes through. it will take place over several years, by the way, indexers don't have to go out and buy hundreds of stocks immediately in the chinese mainland market. of course, there's es tfs for all this. the biggest of all shares, emerging, the similar of eems are out there, if you want more direct exposure to mainland china stocks, symbol kba is one example created specifically to attract the index msci is using. part of the decis