there's a kind of choice for any chinese leader makes about which ght of chinese history to adopt. even in the ming dynasty you had periods when china was exploring, the greatest explorer was out sailing with his 300 ships, and then soon thereafter the ming dynasty close back down. down. they burned all the ships in the same dynasty. >> peter the great versus others that you he. >> right. >> to what extent, is it even possible t know, how do i put this? that this is now the reality for the foreseeable future? or to what extent does he the t to put in real roots, or to what extent is there real pushback? >> a lot of questions rolled up in that. i think we can say fairly -- >> that's a -- >> i think we can say fairly he is amassed institutional power. as i mentioned control all those committees and commissions. he has hand selected the standing committee on the politburo and all the center commit himself. he is at various parts of the bureaucracy pledge loyalty to xi jinping himself as opposed to the party. he's done a a very good job of amassing this institutional authority. the que

if a chinese company, with close ties to the chinese government, had access to millions of americans' health records or banking records, that information could be used, for example, for espionage purposes. if they know who works in the state department and owes a lot of money to the banks or is deep in debt, has four kids about to go to college, maybe that person is a better target for an espionage operation. so there is this growing concern that information as we all know is power. and so it's something that when the committee was established in the 1970's was never conceived of. as i said before, energy companies, gas companies, steel companies. obviously a defense contractor. that would be a clear alarm bell. we don't want the chinese to control the company like that. but now it's a much broader range of things that if in the rong hands could be misused. cory: i would note we're talking about theoretical concerns from an espionage perspective. there have been cases of individuals being arrested in the u.s. who are charged with -- targeted by chinese spies because they knew these pe

in the chinese market or chinese football is willing to pay what that's worth golf is a scheme and. this building in beijing is chanon main square is where china's dreams of football glory are being hatched. the government wants to bring the world cup to china and ideally become world champions . football is an important part of president xi jinping strategy for becoming a sports superpower. force five feel that a football has for will publish shouldn't be underestimated so i'd love to be a global superpower you also need to be a cultural influence and you know for. instance with international cinema which generates enthusiasm and excitement and if the china's working on creating something like hollywood. football works in the same way it generates enthusiasm and creates a feeling of unity in a country if you do shaft and i. throughout much of its history china has wielded power and influence. president xi jinping is looking to position china back at the very top sport is one way to generate enthusiasm and strength. football is perfectly suited to that goal. including shine everythi

if a chinese company with close ties to the chinese government healthess to american records, banking records, that information could be used, for example, for espionage purposes. works in thewho state department and owes a lot of money to the banks or is deep in debt, has four kids that are about to go to college, maybe that person is a better target for an espionage operation. concern is this growing that information is power. , whensomething that cfius theas established in 1970's, never dreamed of. we don't want the chinese to control the company like that. but now, it is a much broader , if in theings that wrong hands, could be an issue. host: we are talking -- cory: there have been cases of individuals arrested in the u.s. who are charged with -- you are targeted by chinese spies because they knew these people were in dire financial situations and they have been charged with passing on sensitive american secrets to these chinese individuals for the beijing government. so there are tangible cases related. it is not theoretical at this point. host: is the focus on china when it com

pillsbury called chinese aggression. that's not my term. it is a term that was introduced in the 2017 national security strategy and then on the column here is the over 50 past policies and practices that china engages in in order to promote its economy worldwide. if you can say that one picture is worth a thousand words, this matrix is worth about a half a trillion dollars a year that contributes to the trade surplus of china using these various policies and practices, most of which are outside the bounds of international trading order. before i do that, let me just step back for a minute and talk a little bit about the administration's trade policy and trade philosophy. the president, president donald j. trump has made it clear that he's a free trader. he has made it aabundantly clear that for his administration trade should be free, fair, reciprocal, and balanced. and in a world where we had free, fair, reciprocal and balanced trade, we would have zero tariffs. we would have zero nontariff barriers. we would have zero subsidies to indust

chinese americans, 13,000 of them serve in world war ii and there were only 120,000 chinese americans living in the united states. so 13,000 represented 25% of the male adult population. and they were serving in the war. so my father-in-law was part of this. and also alan yee was part of the flying tiger. so what i would like to do -- i'm just honored that they're here and could make it. so i will call them up and if you would like to say a word or two and i'm sure that my colleagues here will be very patient with you. alan, you come up first, dale, and ronald third. okay, alan? alan? so if we have a little patience with him. he's tired. alan, thank you very much for being here. [applause] >> supervisor yee: dale king, would you like to say a few words? they have a combined age of 280, these three people. >> board of supervisors, i'm delighted to be here today. i'm excited to be here. i urge the supervisors pass the resolution it urge the congress to recognize the chinese who fought in world war ii. we have recognized japanese. we have recognized filipino. it's time we recognize the c

so some local chinese residents, white sympathizers, who supported the chinese community, launched a letter writing campaign to officials and with the help of the chinese government commissioner to the fair, they eventually got that attraction closed. but it didn't mean there wasn't anti-chinese sentiment anymore but they got that shut down. in 1939, china was already at war with japan, japan invaded china so china is deeply i am ed in this war with japan so the government of china did not send a delegation to the fair. they did not erect their own building but the local chinese community actually raised a great deal of money to erect their own chinese village, which was placed on -- also on the midway of the 1939 fair, which was then called the gateway, and they erected a huge chinese village with chinese acrobats, theater, artisans, producing traditional craft, in that way, the chinese community was very much a part of that 1939 fair. >> you grew up in san francisco? >> i grew up in santa rosa, just north of san francisco. >> i want to go back to something earlier you said, fire of

it's also what the chinese government tells us. if you read, for example, two documents, medium to long-range planning document in 2006, it pretty much lays out these industrial policies that are used to promote the chinese economy. and then, of course, there's the now banned in china, apparently. they banned their own policy. china, made in china 2025, this is extraordinary. this is a policy which came out with great fanfare. it's referenced repeatedly in different government documents as you can find and now there are reports out in the press that chinese themselves are suppressing that as a way of not letting you know that the intent of that report is to put forward a set of plans that would capture 70% of the production of the emerging industries of the future within seven years. extraordinary. as president trump has said, if we lose the industries of the future, we won't have a future. so some of you at least have the chart as a handout, and it will be up on the web available to you, but let me just now walk through what the c

not just chinese companies trying to buy u.s.t american companies trying to sell high-tech products to china try and step in and stop exports of high-technology products in the area china's trying to create for their 2025 program. it looks to be a big week for china u.s. relations. but otherariffs, things the u.s. is trying to do. manus: we just talked about the trip at the top of the show. look at the yuan. down for eight days in a row, longest losing streak since 2016. the rrr is supposed to be supportive, but it looks as if it is almost weapon icing the currency. -- weapon icing the currency. reporter: when the fed raised rates, the chinese did not raise rates. we are looking at a rising interest rate differential. the central bank is stepping in and adding this $108 billion of money that cannot be unleashed into the economy. they are making an effort to support growth, the deleveraging program. that will have an effect on the currency. i guess the hope is that it would have an effect on the stock market, which we are not real

on chinese investment. has some strong views presidentxi, saying he sparked a global backlash that transcends the u.s. and we will see a china's going to cave, given soe trade tensions we have seen. 2012 -- china 2025 has failed in that regard. >> trade is the big question, not just what does it mean for the u.s. economy and growth in other nations around the world, but also if market volatility continues in stocks and bonds. haidi: and that inflation question as well. we will be live in shanghai at the mobile world congress, the seventh year running for this event. we'll talk about the possibility are the potential of the internet of things in china and the rollout of five g across china. that's it for "bloomberg: daybreak australia." this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across

companies to chinese entities. the chinese government also uses its administrative licensing and approval process to force technology transfer in exchange for the numerous administrative approvals needed to establish and operate a business in china. e also assess china will use cyberespionage and bolster its cyberattack capabilities to support national security priorities which include technology acquisition. the i.c. and private sector experts continue to identify ongoing cyber activity from china. most cyber activities are focused on clear defense contractors or i.t. and communication firms whose products and services support government and private sector networks worldwide. and china's technology transfer mechanisms are paired with beijing's parallel strategy of military civilian fusion that expands civil military integration of defense and industrial bases to facilitate the construction of a national infrastructure connecting the p.l.a., state-owned defense research, development and government agencies under th

chinese markets.sing you want chinese, but not the enforcement trying to weaken the yuan. anna: what is the next stage of this story? parts of asia, their currencies, the countries that rely on china for demand. do we see that contagion of the week yuan spreading? -- weak yuan spreading? on how the dispute between the u.s. and china evolves. whether this will scale down or escalate further. there is a good chance that they will implement further import i think this will strengthen the dollar further. further import tariffs should be inflationary in the u.s., particularly in the u.s. economy that is running at full capacity. this should strengthen the dollar further on a broad basis. on the other hand, yes, the chinese economy outlook is worsening. i would not underestimate the power that the chinese authorities have over their economy. dampenve been able to any downward spiral in the chinese economy in the past. i think they would do so in the future. recently, we suck quite a significant to proceed a

this is around the chinese heavily censored internet.ounds of a separable public debate in a this can lead to jail time. china and the european union have promised to oppose trade protectionism. they said unilateral actions and push the world into -- they say it could push the world into recession. china and the eu are firmly opposing lateral is an and protectionism. triggerions could turbulence and even a recession. president trump has accused both aging and brussels of unfair trade. hasu.s. supreme court thrown out a government lawsuit. they prohibit merchants from steering customers to lower fees. it deals a blow to retailers looking to reduce the $50 billion to see if that pay to credit card companies each year. global news, 24 hours a day on air and on tictoc on twitter. powered by more than 2700 journalists in more than 120 countries, i am jessica summers. this is bloomberg. kathleen: let's get an update with sophie. see the nikkei 225 up by .5%. profitability improves, -- elsewhere, we are seeing u.s. futures tick higher there. th

he did not stop at the chinese. after the exclusion act was made permanent, he pursued the exclusion of nap knees, asian indians and even said horrible things about filipinos on the floor. exclusion acts of 1923 and 24 did bar asians, but imposed literacy tests, imposed quotas on people from other nations including eastern europe where julius kahn was from, and julius kahn did not vote in favor of either of those subsequent acts, and so that shows that he had this particular annimus against asians, and so he really did pursue -- he had a racist agenda. we have reached out -- we spoke with the jewish community relations committee, and they reached out to local jewish historians, who have confirmed our research, including a researcher named fred rosenbaum who has gone onto say the jewish communities in the east looked to jewish leaders in the west and said what's going on? they were horrified at this campaign that was driven from the west coast, and they were concern thad it would spread to the immigration policies wo

the chinese government.awmaker who had to resign basically after he was linked to chinese links to a businessman were exposed. since those laws were introduced the parliament, those relations have deteriorated further. dip mating rlings relations between the two countries have been in a deep freeze. rishaad: how do you think beijing will look at it? how did they react and r-how are they expected to react? >> we can see by the reaction in the past six months or so. they are very anowed by the way this is being presented by the australian government. not necessarily the legislation itself but the way they are accused around the edges of meddling in australian government. there has been talk by australian exporters in beef and wine, their shipments to china have been held up in chinese ports and they have been linking these diplomatic disputes to those delays. the foreign minister last movept directly blamed -- months directly blamed australia. and a chinese ambassador to australia blamed australia for having a

the chinese government? if the chinese company is investing in some technology, some business, something going on, as a practical matter, should we see that as the chinese government doing it? >> i would say the degradation -- but whether you have a wholly-owned state-owned company that is an element of the chinese government or a private company that the chinese government still has leverage over back in china, there may be a spectrum of risk. but at no point in that spectrum , is the risk at zero. ms. bingen: china international law says that all organizations and citizens shall support, cooperate with and collaborate , in national intelligence work. mr. thornberry: that's what i thought. mr. bacon? mr. bacon: i know cfius has an important role and we need to protect our technology and make sure it is not being sold or exported. i heard from a couple of companies that thought they were unfairly limited. and i want to know from the d.o.d. perspective shouldn't we have an appeal authority to say, cfius gets

but the chinese economy is doing quite well at the moment.rence to think that makes to how chinese people view the situation? even though the chinese economy is doing well, but i think the fact will be quite widely spread, because camino, agriculture products, those from the united states are affecting the food and meat price in china. that would affect the ordinary chinese people's life. we worried them in this case. what kind of global impact will this haveif what kind of global impact will this have if this gives escalating, on the lies and pockets of people at home? in general, the household price will go up, for sure. —— lives. given how much punishment united states is given to china, this will really have a ripple effect across europe. we will all end up in the sinking ship in this case. what next? what you think will happen next? what is your prediction? my modest prediction would be that the chinese ministry of commerce would somehow offer a list of tariff positions to respond to what the us has dubbed this wording. —— done this morn

the reopen of chinese markets, chinese stocks already languishing and near to your lows. we have chinese stocks futures pointing lower, falling another 20% since january when donald trump slept those solar tariffs on china. the index is likely to drop this week into a net year-to-date loss. testing the 200 day moving average. that meeting that took place a week ago in singapore, one later commitment seems to be being fulfilled. let's get the first word news from paul allen. >> south korea's defense ministry said a joint military drill with the u.s. plan for august has been suspended. commitment made by president trump at last week's summit with north korea's kim jong-un. kim is reportedly on his way to beijing for the third time in as many months to brief president xi on the summit and discuss negotiating tactic. theresa may has suffered a defeat on -- setting up about a without the commons on wednesday. lawmakers in the blood to house passed an amendment to ensure parliament can direct the final stage of negotiations. meanwhile, even leaders are considering issuing a for

the chinese markets.king real estate investments and other investments. now the environment is moving to an era of writing -- rising effects of this to declining fx of this. the structural case for rrr cuts is there. 60% should go to 33% of the next five years. rishaad: there is a lot of balance sheet tightening. a lot of clampdown's. guest: and they go hand in glove with that. you will see a moment where the economy implodes. banks are going to end up booking a lot of and deals and increase lending from all sites. that's something policymakers don't want. rishaad: why is it this particular policy and not another one? guest: they've been doing things like providing market liquidity to people. this is something that allows them to reach out to the broader segment -- rishaad: but the major interest rate cuts, the benchmark interest rate cuts. guest: the have not done that because they need the environment where the interest rates are rising. if they allowed to go to low in china, it could have a negative im

the us threatens a further 10% tariff on $200 billion worth of chinese goods.e dive — another low—cost carrier's set to announce a spiralling loss. we take a look at the challenges facing the aviation sector. and the markets in asia are headed in one direction thanks to the latest trade threats firing between the us and china. let's bring you more on the trade story dominating. president trump has just threatened to impose an additional 10% tariff on $200 billion of chinese goods in the latest turn of events in the us—china trade dispute. the move could be a major escalation of the row which threatens to take the us and china into a trade war. paul blake reports from new york. this announcement is the latest twist in what is becoming a tit—for—tat trade dispute between the world's two largest economies which could spiral into a trade war. last week the trump administration slapped 25% tariffs on up to $50 billion worth of chinese goods are prompting ageing to threaten retaliation. donald trump says he will impose a 10% levy on $200 billion worth of chinese good

stocks than chinese stocks. this extraordinary sense of bearishness toward china, when there is also the argument that it is very domestically, fundamentally -- it is a very fundamentally driven market? when youabsolutely, look at the correlations between chinese equities in the u.s., it is incredibly low. as you pointed out, why are we seeing shanghai down to the mid- teens, one us a nation is that it is a sentiment towards emerging market, and the ongoing argument that we are in the midst of an nem crisis. in fact, globally -- we are in a midst of an emerging market crisis. globally, we saw about 12 point 9 billion u.s. dollars leave the market over the past month. 8 billion which is a record amount, last week alone. over $5 billion of those was in em. flight, is a risk of and last week with the announcement by trump of a 200 billion dollar target, you saw flows going into australia. so despite the ongoing demand from china's investors for equity, there is still the negative sentiment generally speaking, to wh

chinese government subsidies which many foreign countries say that allows chinese. an ease to use goods and flood the world market with cheap goods so these structural changes how they vote will be much more difficult for china to commit to than the specific targets that the u.s. is seeking and florence just briefly we've seen a number of events in the past two days the u.s. imposing tyrus on its allies in the g seven finance ministers responding angrily so what impact is all of this having on those u.s. china talks if if any that's right so it was quite surprising that the u.s. went ahead with tariffs on its allies and it's going to make it more difficult for the u.s. to come to find other countries who are going to come together and want to confront china what they say are china's unfair trade practices because remember many of these countries also share the same complaints against china intellectual property theft chinese subsidies allowing overproduction and therefore world markets being flooded with cheap goods especially steel and aluminum because a large part

it was not what made chinese civilization so glorious. it was the chinese culture. chinese culture is very aware of this. they are consumers of other people's cultures. like to see enemies in the united states. clearly, japan is an example of the country that exerts cultural influence outside of asia. leadership, the goal would be to surpassed her panic in that regard as well. i am forgetting a very important criteria -- but those would be the criteria by which a chinese leader could say, we are now back to where we belong. there is a fifth one that i mentioned in my remarks, the complete recovery of all loss national territories, and i am looking at you, taiwan. as long as taiwan remains politically separate from the mainland, in the issue of to its rightful place in the world, will remain incomplete. >> we have not addressed north korea quite as much. -- referringewing to a certain type of theater. applicable to the joint forces at large. if you could talk about the role the ground troops you can widen the scope out more generally. >> we have talked a lot about no

today she is the chinese outreach coordinator for the weaker human rights project and joining us via skype is ryan a professor of history at loyola university in new orleans he is the author of the book the secret. history welcome to the stream both of you i want to start with a personal story we got a couple of them on twitter and of course we're not able to independently verify all of the facts and people are sharing them and they're resonating so should the mining size i haven't been able to talk to my family for almost two years now when there is quick contact they asked me to use chinese rather than week there i just got to know that my dad was taken to one of the camps three months ago and he had heart and leg surgeries just not long before that he continues that my dad is a law abiding citizen and the only reason i can make sense of his detention is that he travel to dubai and turkey even by saying this i'm already risking further arrests of my other family members. what do we know about the camps who gets put into the camp. cation camps before talk about aria education camps

versus the chinese right now.: and to add the products that will not be hit with tariffs, consumer goods will not be hit by the tariffs. looking ats really china 2025 and seeing what they can do to tackle that. you just said it obviously plays into what you would hope to be greater negotiations, and we have known on the chinese side, we were speaking to steven mnuchin as well. in light of the fact that the president that this morning that if we get chinese retaliation they will consider further tariffs, and we also had the trade representative as well, bob lighthizer, saying there will be more restrictions on chinese investment in the united date coming in the next two weeks. where does that leave any form of teacher trade negotiations and willingness on the chinese side to come forward here with options? that is the big question, and also the question of willingness on the u.s. side. basically, if the chinese respond, there will be more tariffs. so of course the chinese have already said they will respond, so now

takes on chinese investment b. does it really need china i mean we're talking about silicon valley here. well chinese investment in the last year into the u.s. in the tech sector has gone down and the concerns that president trump has been expressing about these the so-called industrially significant technology is not only economic it's political so it's about the place of the u.s. in the world again because it's quite so significant because china is getting ahead now is it getting ahead of a lot of countries as far as tech goes as far as ai goes are many of those high tech sectors you know could this also backfire because it doesn't want the us at some stage need china is a good partner. so i would i would break this issue down into two parts so one is the tariff issue and that's hugely problematic and that is and slapping on of tariffs on the e.u. china etc is not going to put america first that's one issue but there is a very important second issue which is china is getting very far ahead in this important very.

if the chinese system isn't accommodative of that, because chinese soes refuse to lay off workers, they refuse to allow for bankruptcies. then in a sense, if adjustment is costly, and i think we have some evidence in the united states during the last ten years or the first decade of the 2000s that adjustment in labor markets in the united states, in communities, due to shocks, has been particularly costly, then that would mean simply china isn't bearing its fair share of the costs of this, right? and this is a reason why we need to be thinking about this as potentially allowing our systems to coexist. second, there may be instances in which in particular industries that are heavily concentrated -- you think about strategic concerns in the economic sense, boeing airbus, high fixed cost. al gop list particular types of industries. with very few firms, allowing for if we think of state-owned enterprises, firms receiving subsidies, this could lead to strategic behavior or profit-shifting behavior that might give firms -- a firm in one country unfair advantage over firms in another. we might

chinese after reports of a crackdown. restrictions imposed on all countries accused of trying to steal technology. and. it's because of the trade dispute with. first of all how. is the u.s. . doesn't really need china talking about silicon valley. well chinese investment in the last year into the u.s. in the tech sector has gone down and the concerns that president trump has been expressing about these the so-called industrially significant technology is not only economic it's all such a political issue it's about the place of the u.s. in the world again because might so so it's significant because china is getting ahead now it's getting ahead of a lot of countries as far as tech goes as far as ai goes are many of those high tech sectors you know could this also backfire on trump because it doesn't want the u.s. at some stage need china as a good partner. so i would i would break this issue down into two parts so one is the tariff issue and that's hugely problematic and that is and slapping on of tariffs on the e.u. china

to limit getting ready chinese tech investment. security believed to be at risk.ber's london life line, the rests in a judge's hands. t may have won a key regulator over to its side. >>> and our interview with liu, morning side founder, a stake holder in shall me. how it is gearing up for the buck li public offering. plan, under the new treasury secretary steven nugent ill move to limit chinese tech investments in the us under the guise of national security china's ministry of correspondents didn't respond. secretary nujents took to saying to dispute it onbefl of donald trump, the tory is false fake new, the leaker doesn't exist or nose the tatement well: oining from new york to discuss, isaac stone fish, a senior fellow at the asian and in studio editor brad. starting with you, reading the lines or tweets,way is your read on this. a bear areke there's bear there. he seems to have been caught wall street he journal story talking about on , and seems to reflect fights between tradehawks like manoora who wants a more balanced strategy towards china. emily: we are se

presidents plan to rejuvenate the chinese economy and its redevelopment.age it will be a key sticking point. good to get your take on that, miranda, thank you. let's take a look at some of the other stories making the news. the board of german car maker volkswagen has failed to come up with a new leader for its audi division, after a six—hour emergency meeting. it comes after chief executive rupert stadler was arrested as part of the investigation into emissions test cheating. fujifilm has sued the firm xerox for over $1 billion for breach of contract and damages. the printer and photocopier company walked away from a planned merger earlier this year. the deal would have seen xerox merge its business with an asian joint venture, the company it operates with fuji, handing fuji majority control. an australian court has fined apple $6.5 million for refusing to fix iphones and ipads that had been serviced by third parties. australia's consumer watchdog took the tech giant to court last year following complaints from users about faulty devices. apple admitted t

billion of chinese goods. chinese equity at their lowest level since 2016. lost liquidity, recalibrating a world run by fed hawks and doves from the ecb and boj. and new pain, no gain, em equities sink, yields rise. is this time really different? david: welcome to "bloomberg daybreak." i'm david west and with alix steel. it is the world cup. this is himin, speaking at the opening of the world cup. saudi arabia versus russia. look at the hand gestures. russia won 5-0. you can see him saying, what are you doing to us? alix: vladimir putin saying, we are just better. they totally crushed them. david: this is not customer tennis. this is, we will be you no matter what. alix: did it feed into oil conversations. pump more oil, because we are better at soccer. risk off tone on this friday. s&p futures down by about 11 points. euro-dollar is up. still heading to be the worst week for the euro since november of 2016. a monster fall yesterday, but nonetheless it feels trade wars could be winning out today. spread, and this does not seem far-fetched. 1%.e down by 3/10

and china after washington moves forward with tariffs on chinese goods but beijing answers back. italy and france call for changes to e.u. migration rules following their dispute over a ship full of refugees. the head of the pakistani taliban is killed in a drone strike in afghanistan. and we'll have the latest on the well come up and russia as portugal's one out of banks that. welcomes the program a trade route between the world's two biggest economies china and the u.s. has escalated president donald trump says he will impose twenty five percent tariffs on fifty billion dollars worth of chinese imports saying the u.s. was being taken advantage of what beijing promised to retaliate quickly with its own tower of twenty five percent on u.s. goods also worth fifty billion to start in july ellen fisher has more from the white house. u.s. president donald trump has been hammering china on trade for months and a key or take morning on the white house north lawn where he held a surprise news conference he confirmed he was going to act we need protection everybody take him as the europe

as they gain from that confrontation only to see if chinese the chinese deny such commitments the chamber of commerce president tom donahue toady similar line saying this is not the right approach and in that regard we now move to a trade war and today we focus on china as we were just discussing and the united states to help us out we're joined by our team is correspondent alex mo hyla bitch a trade effort from toronto and from our new york studio artie's chinese experts caleb thank you both for joining us fellas alex let's start with you give us some detail on what the business round table in the chamber are saying. so the same business people that were loving the tax cuts and loving the deregulation are not loving the tariffs against china so much because they say that retaliatory tariffs from china are going to hurt a multitude of industries in the states including manufacturing farming and of course consumers in general now we have one guy here and this man really stands out when his voice is heard i think we've got to listen we're talking about gary cohn he's a former head of the na

the chinese middle class is asking for solutions to a lot of problems in society and the chinese companies. it means that we as western companies cannot rest in all laurels, we need to keep increasing our competitiveness. but it also means that chinese companies are becoming more competitive also on a global level. for china to encourage that development, the pampering and protection that we are seeing with discrimination against foreign companies has to stop, in order to expose these companies to full and fair competition, so they can take the next step? tom: despite these challenges, whether it is the regulatory environment or that increasing competitiveness, european companies were doing very well on average. 66% of them. being that revenues are up in 2018. what is the standout in this? mats: pharmaceutical companies, medical devices. one of the reasons they stand out i should say, european companies are becoming more successful because they are very nimble. they are adapting to the market situation, they are capping costs. but we need to do so much more in the future in view of the inc

from part of jack ma's loss of chinese retailing.ow investing in bricks and mortar as well as other asian companies that are in this phase, including a big company in singapore. it looks like it is decided that silicon valley is not the place to be, and with these continued investment curbs from the trump administration, we are not likely to see that change anytime soon. rishaad: thank you so much for that. haidi: jodie snyder bloomberg senior international editor. a down day when it comes to japan heading off to the lunch break. the yen story a big downside headwind there. >> machinery makers and electronics under pressure. .etailers sliding we saw retail sales in japan fall by the most in two years. automobile stocks gaining ground. that is a snapshot of what's going on in japan. this is bloomberg. ♪ this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business t

the chinese exclusion act when the chinese and americans became allies in world war ii. san francisco's a city of inclusion. our parks should celebrate inclusion now and carry that message for generations to come. thank you. >> supervisor yee: thank you. >> good morning, supervisors. my name is lindsey kwak. i'd like to give litit more background on julius kahn. he did not stop at the chinese. after the exclusion act was made permanent, he pursued the exclusion of nap s, asian ans and evenaid horrible things abouton the floor. exclusion acts of 1923 and 24 did bar asians, but imposed literacy tests, imposed qas people from other nations including eastern europe where julius kahn was from, and julius kahn did not vote in favor of either of those subsequent acts, and so that shows that he had this particular annimus against and asoeeall did pursue -- he had a racist agenda. we have reached out -- we spoke with the jewish community relations committee, and they rehed out to local jewish historians, who have confirmed our research, including a researcher named fred rosenbaum

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

this time by dropping half $1 billion in cash into the chinese retailer, jd.com. explore ideas through the united states and europe. as google prepares for long-term defense strategy. the move also offers google the ability to partner with a company that is had has its own religious did network just like amazon. this comes a week after google entered into a deal with a french retail giant. here to tell us more, we have got mark bergen who covers all things alphabet. and the senior fellow at the asia society. how does this fit into the broader e-commerce strategy? >> google is making a ship. they had their own shopping service called google express. the new strategy has been the partner. it is the enemy of my enemy is my friend. their enemy is amazon. strategy with their around asia and china in particular which is a partner with a lot of chinese companies looking to expand outside of china. >> amazon does not have a great china strategy. markets they are focusing on our southeast asia and indonesia. and google. they are looking other countries in southeast asia. i

section is that the chinese. the chinese minor tax was to reserve my opportunities to whites. it was designed to validate statutes in california. the territories which prohibited the chinese from test -- testifying against whites. section 16 intentionally, to not give citizens the right to own land. put did not just noncitizens into the production of the 1876 act, it was a different thing. it was more limited and designed to allow states to discriminate in land ownership on the basis of race against noncitizens. advantage ofook this federal position -- permission. and idaho statute allows for corporations and noncitizens to own land and pursue my name provided the chinese were persons of bungling dissent, are excluded. men, not achina resident of the state, should ever hold any real estate or mining claims. those are perfectly legal with act becausehe 1870 they were designed to protect that sort of discrimination. here, senator stewart, the proponent of this, made clear. he said the provision which has been added is one of great importance. it is of more importance to the hono