president hu. [inaudible conversations] [applause] [speaking in chinese] [speaking in chinese] >> vice president biden, mrs. biden, secretary of state clinton, ladies and gentlemen, and dear friends, i wish to thank vice president and mrs. biden and secretary clinton for hosting this luncheon for me and my colleagues. to begin, i would like to express sincere for your abiding commitment to u.s.-china relations. [speaking in chinese] [speaking in chinese] >> translator: this year marks the 40th anniversary since china and the united states reopened the door to each other. we cherished fond memories of the diplomacy, and dr. kissinger's visit to china 40 years ago. the handshake across the pacific between president nixon and china's leaders 39 years ago, and the early spring visit of mr. ping to the united states 32 years ago. these momentous events bare witness to the historical process in which the people of our two countries ended enstrangement and reviewed friendship. [speaking in chinese] [speak

the truth is president hu jintao is a capitalist pretending to be a marxist. one of the things they are concerned about is the value of their holdings as u.s. assets. they were looking for an answer from president obama that u.s. debt is a relatively safe place for them to be. the president to his credit did speak sternly to them behind closed doors, as it should be, about their currency being undervalued, about the big state subsidies that go to chinese state industries and also the theft of intellectual property, all of which give chinese goods and products a very unfair advantage over american ones. will things change? probably not immediately, but the benefit of this is having the american president air these things very publicly while the president of china is standing in the east room with hold on, mort. okay. let's make a deal. >> we want to sell you all kinds of stuff [ laughter ] we want to sell you planes. we want to sell you cars. we want to sell you software. >> reporter: presidents hu and obama agreed on a deal by which the u.s. will export billio

president hu.> translator: friends from the press, ladies and gentlemen, good afternoon. first of all, i want to express sincere appreciation to president obama and the government and people of the united states for the warm welcome according to me and my colleagues. just now i have had talks with president obama in a candid, pragmatic and attract good atmosphere with in-depth exchange of views and reached important agreement on china-u.s. relations and major international and regional issues of shared interests. we've reviewed the development of china-u.s. relations in the last two years. we positively assessed the progress we made in dialogue coordination and cooperation in various areas. the chinese side appreciates president obama's commitment to a positive and construct a china policy into stable and growing u.s.-china relations since he took office. i'll president obama and i agree that if mankind in the second decade of the 21st century. the international situation continues to undergo profo

president hu is in washington, d.c..i'm honored to be able to share my thought with members and staff of the united states congress. i'm with human right leaders here today. my name is ngawang. i spent 11 years in a chinese prison for wanting freedom. i was first arrested when i was 13 years old for wanting a free tibet. i was arrested when again when i was 15 years and my three year sentences was increased to 23 years in total. in prison, from the first day, they routinely beat me with water hose and many other kind of weapons. kicking and slapping they didn't even count. one day it looked like a telephone. it was an electric pot. he asked me, do you want to call your home? i replied my home didn't have telephone. he said, he went installed one. he put the object in my shorts and turned it on. my entire body shook in a way i couldn't control. i was only 13 years old. i endured beatings, torture, hunger, and solitary confinement. they tried everything to break my spirit. i now live in freedom in the unite, but every day

i have been candid with president hu about these issues. occasionally, they are a source of tensions between our governments. what i believe is the same thing that seven previous presidents believe. we can engage and discuss these issues in a frank and candid way and focus on those areas where we agree while acknowledging there will be areas where we disagree. i want to suggest there has than an evolution in china over the last 30 years since the first normalization of the relationship between the united states and china. 30 years from now, we will have seen further evolution and change. what's my approach will continue to be is to celebrate -- what my approach will continue to be is to celebrate the chinese people and the multiple areas where we have to what now is that we have certain differences, and and a partner needs to be honest when it comes to how we view many of these issues. that frank and candid assessment on our part will continue but that does not prevent us from cooperating in these other critical areas. >> [speaking chinese]

hu on thursday. president obama, who has to develop a relationship with congress, they know the mood in their districts and they faced midterm elections. a lot of people here especially republicans won those elections by campaigning against china. china is taking american jobs. it is mr. obama's task to demonstrate to the american people this investment, $45 billion in trade, it will directly benefit the american people and to have the white house pushing hard, saying that will support up to a quarter of a million american jobs. >> thank you. an american pastor has been banned from entering the u.k. by the government on the grounds that his presence is not conducive to the good of the public. pastor terry jones who leads the church in florida was criticized last year when he threatened to burn a copy of the kathethe gra. >> brandishing the koran he promised to burn, pastor terry jones caused international outcry when he told americans to follow his example on the anniversary of the 9/11 attacks. musl

and president obama greets president hu. the room fills. the evening begins.ents both offer toasts and a surprise. >> our national zoo will continue to dazzle children and visitors with the beloved giant panda. >> reporter: dinner begins. on the menu, surf and turf. lobster and ribeye. apple pie for dessert, an american meal, just as the chinese delegation requested. jazz fills the east room. even sasha and malia get to stay up. chris botti, dee dee bridgewater, and headliner, herbie hancock. just another day at the white house.

[applause] >> chinese president hu jintao's u.s. trip continues today. the chinese leader will give remarks to the u.s.-china business council on a range of international policy issues. president who will be introduced by former secretary of state henry. kissinger watch live coverage at two o'clock 30 p.m. eastern on c- span 2. "washington journal" is next. we will take your phone calls. yesterday, the house voted to repeal last year's health-care law but the senate will not vote on repeal bill. in a couple of hours, a g the houseavels back in to address committees to replace the 2010 health care law. live coverage is at 9:00 a.m. eastern. coming up this hour, democratic congressman peter welch of vermont joins us to talk about yesterday's health care about and what it means for his party. after that, utah congressman jason j fit to serve on the oversight committee will lay out some items that the committee will be investigating. later, the doctorsfr thomasiedan will discuss a new report on racial disparities for certain health problems. the "washington

you said president hu jintao is good for u.s. china relations. tell me what that blue print might be, ought to be. >> when i came to china on the first visit, when the communication was completed, jintao said to me this will shake the world. because we had been antagonists for 25 years. and it was the alliances for china which had been with the soviet union. now we have a different problem. the problem isn't to shake the world, the problem is to build the world in which in a paradoxical way both china and the united states face the same problem. from a different standpoint. americans think our values are relevant to the rest of the world. and there are many questions that we have a duty to spread our values throughout the rest of the world. the chinese don't spread spread their values. you can't be a chinese but they think they're universal and unique. so here are two of the most powerful countries in world in which there are a lot of problems that can be dealt with on a global basis. so we have to do it together in some fashion. which is not the

hu. -- endured stoically by mr. hu. lunchtime and mr. hu's only policy speech of the entire trip.ore of the reassuring messages that emerged on wednesday. he had a broader message, too. >> we do not in days in an arms race. china will never seek to dominate or to institute an expansionist policy. >> it was a conciliatory tone meant to call on the concerns felt in america and southeast asia about china's presence in the china seas. while statements like this are diplomatic, they were recently overtaken by events. china's regional strategy will remain a source of uneasy in east asia. wednesday night's state dinner was being picked over in washington. was mrs. obama's dress a homoagage to the chinese flag? >> i propose a toast. to our people, the citizens of the people's republic of china and the united states of america. >> the white house is getting good marks in washington for the way it handled this trip. mr. hu's statement that china has much to do as -- on human rights is being seen as an encouraging sign. >> while we appreciate those words, the united states will watch the act

president hu.want to express sincere appreciation to president obama and the government and people of the united states for the warm welcome accorded to me and my colleagues. just now i've had talks with president obama in a candid, pragmatic and constructive atmosphere. we had in-depth exchange of views and reached important agreements on china-u.s. relations and major international and regional issues of shared interests. we reviewed the development of china-u.s. relations in the last two years. we positively assessed the progress we made in dialogue, coordination and cooperation in various areas. the chinese side appreciates president obama's commitment to a positive and constructive china policy and to stable and growing china-u.s. relations since he took office. both president obama and i agree that as mankind enters the second decade of the 21st century, the international situation continues to undergo profound and complex changes and there is a growing number of global challenges. china and

i have been very candid with president hu about these issues. >> brown: hu did not respond initially, amid some confusion with the translations. but later, hu said this: >> ( translated ): china we do believe that we also need to take into account the different national circumstances when it comes to the universal value of human rights. in this context, china still faces many challenges in economic and social development. and a lot still needs to be done in china in terms of human rights. >> brown: the two presidents also addressed several other issues that have added to tensions between the two nations faced other contentious issues from u.s. concerns that china undervalues its currency for trade advantage to china's role in reining in north korea's nuclear program. and beijing's growing assertiveness in asia, especially in the south china sea. >> i absolutely believe that china's peaceful rise is good for the world and it's good for america. we welcome china's rise. we just want to make sure that that rise is done... that that rise occurs in a way that reinforces international norms

i believe we need to meet with hu jintao. we need to meet with all leaders but look them in the eyes and hold them to account for the egregious human rights -- >> we'll leave this program at this point to go live now to the south lawn of the white house for the arrival of chinese president hu jintao. hu jintao is in the united states for a two day visit. he's being welcomed by the white house by vice president joe biden and his wife jill biden. [inaudible conversations] [inaudible conversations] [background sounds] [background sounds] [background sounds] [background sounds]

chinese president hu jintao is visiting the united states. he and u.s. president barack obama met in washington on wednesday and discussed a wide range of issues including tensions on the korean peninsula. the two leaders held a news conference after the summit. obama praised china for increasing the flexibility of the yuan but urged hu to let the currency rise further. the president called on china to respect universal human rights including freedom of speech and religion. regarding north korea's nuclear issue, obama called on china to play a more aggressive role. >> north korea's nuclear and ballistic missile program is increasingly a direct threat to the security of the united states and our allies. the international community must continue to state clearly that north korea's uranium enrichment program is in violation of north korea's commitments and international obligations. >> hu said the u.s. and china share common interests and responsibilities on a wide range of international issues, but he added that there's still a gap between their positions,

last month pleaded the president hu gave the world unmistakable proof of his government's -- when he left the nobel peace prize committee no choice but to place the peace prize on an empty chair and because president hu would not let a proponent of gradual democratic reform out of his prison cell to receive the prius. most of you know that hu and his wife and friends placed under house arrest for fear that they would come to oslo to except the prius. in a country like china is inconceivable them the security and media campaign unleashed against lew and his supporters was approved at the very top by hu jintao himself. president obama is a 2009 nobel peace prize laureate and has an obligation to call for hu's released publicly and vigorously especially during his visit. having led a group of members in nominating him for the prize are was present in oslo city hall for the empty chair ceremony along with former speaker nancy pelosi and congressman david wu and everyone who is here ready to speak. there is a strong bond between peace laureates and over the years i had the privilege of me

that makes this year a transition period for the hu administration.ommunist leaders who seize power without elections can never -- can never free themselves from the challenge of maintaining the momentum that keeps them in power. the chinese government must show diplomatic achievements that can be seen by the public as being comparable to china's status as a global power >> reporter: you're saying this chinese government's hard-line diplomacy is a reflection of his lack of confidence in the steering of domestic affairs. if so, the government must be burdened by a mountain of domestic problems that are yet to be resolved. >> this year the communist party is expected to see the opportunity presented by the 19th anniversary of its foundation in july, to tout its historic achievements at the national people's congress to be held in the spring and that the communist party's meeting in the fall. china's leaders will unveil specific measures to improvement, and the much talked about policy of improving people's livelihood. the most sensitive domestic issues

later today hu will address business leaders. scott goldberg is in washington with more this morning. good morning to you. >> reporter: good morning, terrell. president hu will likely face a tougher audience today when he meets with lawmakers after spending yesterday with president obama and attending that state dinner that many saw as a sign the relationship between the u.s. and china is improving. chinese president hu jintao isn't expected to give the same warm welcome on capitol hill today as he did at the white house. >> to our people, the citizens of the people's republic of china and the united states of america. >> reporter: last night president obama and the first lady treated him to a lavish state dinner, complete with a celebrity-filled guest list. the 225 attendees feasted on an all-american themed menu, including maine lobster and rib eye steak, before enjoying a performance by jazz great kirby hancock. ♪ this morning, president hu will face congressional leaders, many of whom skipped last night's state dinner and alr

>> tom: hu also vowed today to give u.s. companies "equal treatment" in china, something president obama said is key to our mutual futures. >> with china's growing middle class, i believe that over the coming years, we can more than double our exports to china and create more jobs here in the united states. and i'm sure that chinese business leaders see enormous opportunities here as well. >> tom: presidents obama and hu used today's meeting to announce $45 billion worth of trade deals. from high-speed rail projects to new airplanes, the projects involve big u.s. manufacturers: boeing, honeywell, caterpillar and general electric. g.e. inked several deals with the chinese, including one to make electrical systems for commercial aircraft. china is working aggressively to develop its own aviation industry, and as darren gersh reports, deals like the one with g.e. are critical for the asian nation's global ambitions. >> reporter: this model represents one of the toughest business challenges in the world today. the chinese market

>> what president hu said is at this stage official policy. if for example, you look at the human rights action plan that was adopted a year and a half ago. they say right away that we have various human rights goals, we have various shortcomings. this is the progress we're going to try to make over the next couple of years, that's the official line. not to speak concretely-- it was very vague-- but to acknowledge you can talk about human rights so there is the resilliance to the argument you should not interfere in our internal affairs. >> rose: how bad is the human rights record in china, relative to whatever? >> it's getting worse. >> rose: really? >> what you saw really in the run-up to the beijing olympics is the security forces were empowered to really keep the lid on, and that greater empowerment has not been withdrawn. and so, you know, somebody like zhobow, the fact that he was given an 11-year prison sentence for subversion, that reflects a growing dominance of the security forces. >> rose: and what is the fear? >> well, i think they

president hu is at the start of the four-day visit to the u.s. joint press conference with president obama. that will be live at 1:05 eastern. and then at 2:00 we'll be live from the state department where secretary of state clinton and vice president biden and his wife jill will be cohosting a launch in honor of the chinese delegation. we will focus much of our programming today on the relationship between the u.s. and china. coming up at 10:30 eastern on this network, the house foreign affairs committee is holding a briefing to discuss current relations between the two countries including the impact of china's economic security and human rights policies on the u.s. florida republican congresswoman chairs that committee. and more coverage of the visit of the chinese president tonight as the white house hosts a state dinner in his honor. it will begin at 5:30 eastern as we'll show you guest arrivals for the dinner at 6:00 we'll have the arrival of the chinese president and his wife on the north portico of the white house. and then at 8:00, we'll

today, hu focused on greater cooperation. >> ( translated ): china-u.s. relationship is not one in which one side's gain means the other sides loss. rather it should be a relationship in which the two sides respect each other and endeavor to deepen strategic mutual trust. it should be a relationship that highlights common interests and cooperation in all fields. on wednesday, president obama raised one area of disagreement -- human rights-- and hu acknowledged china has more work to do. today, white house press secretary robert gibbs said the u.s. wants chinese actions to match those words, but he welcomed hu's statement. >> i think you would all have to strain your recent memory to find a leader from china traveling outside his country, or in, after meeting with the president on number of occasions making such a frank admission of improvement that needed to happen in country of china on human rights. >> brown: as he wound up his washington visit today, hu called for both sides to focus on the future. >> ( translated ): china and the u.s. are different in

and yet this is president hu china of today. now, i sincerely hope that as the president meets with -- that's president obama -- meets with president hu that humana rights issues are going to figure most prominently in these discussions, and the white house has indicated some direction int that regard. since i've been serving in congress, members of both sidese of the aisle have boldly challenge ld beijing on the ruthless treatment of democracy advocates and their families, religious minorities and womenre in families victimized by a callous policy of coerced abortion. let's turn to economics. a full estimate is that we owe t about $2 trillion to china, and we have a bilateral trade deficit approaching 300 billion and, of course, this posed weighty concerns. where appropriate, i believe wet must challenge china to abandonl its unbridled mercantilism which manifests itself in massive subsidies and other trade-distorting practices that contribute to this staggerings imbalance. i think, also, we must look ourselves in the eye in th

i have been very candid with president hu. with president hu about these issues.a source of tension between our two governments. but what i believe is the same thing that i believe seven previous presidents have believed which is that we can engage and discuss these issues in a frank and candid way, focus on the areas where we agree. while acknowledging there are going to be areas in which we disagree. and i want to suggest that there has been an e lution in china over the last -- an evolution in china over the last 30 years citizens first normization in relationship between the u.s. and china and my expectation is 30 years from now we will have seen further evolution and further change. and so what my approach will continue to be is to celebrate the incredible accomplishments of the chinese people, their of the chinese people, their extraordinary civilization, the multiple areas in which we have to cooperate not only for the sakes of our countries but also for the sakes of our world, acknowledge that we're going to have certain differences and to be honest as i t

hu also spoke with harry reid in what was probably an awkward meeting. >> hu and harry reid smile for the cameras, but the talks were overshadowed by comments made recently about the chinese leader, labeling him a dictator. many u.s. lawmakers vowed to bring up human rights in their talks with theremier, talks that were held behind closed doors. a number of leading u.s. politicians had snubbed the chinese leader in the evening before by declining an invitation to the dollar dinner held in his honor by the first couple. -- the gala dinner held in his honor by the first couple. [applause] he received an enthusiastic welcome when he spoke to members of the u.s.-china business council on thursday. billions of dollars of deals will be struck during the visit. he told his hosts at least some of what they wanted to hear. >> we will continue to intensify policies on reforms and openness in the areas of business, politics, and society. china will improve its social market economy and create a socialist system -- socialist economy based on the rule of law. >> a respected elder statesman introdu

that makes this year a transition period for the hu administration.ommunist leaders who seize power without elections can never -- can never free themselves from the challenge of maintaining the momentum that keeps them in power. the chinese government must show diplomatic achievements that can be seen by the public as being comparable to china's status as a global power. >> reporter: you're saying this chinese government's hard-line diplomacy is a reflection of his lack of confidence in the steering of domestic affairs. if so, the government must be burdened by a mountain of domestic problems that are yet to be resolved. >> this year the communist party is expected to see the opportunity presented by the 19th anniversary of its foundation in july, to tout its historic achievements at the national people's congress to be held in the spring and that the communist party's meeting in the fall. china's leaders will unveil specific measures to improvement, and the much talked about policy of improving people's livelihood. the most sensitive domestic issues

president obama is hosting chinese president hu jintao at a state dinner tonight. the main course: ribeye steak. but it comes with a side of diplomatic pressure mr. obama is pushing hu to improve human rights in china, but much of the talk and tension between the world's two biggest economies. economies so dependent on each other, involves trade. we have two reports, beginning with chief white house correspondent chip reid. >> reporter: chinese president hu jintao arrived at the white house to an elaborate welcome ceremony. ♪ ♪ as the two men greeted a group of students, president obama pointed out his daughter, sasha. despite that friendly gesture and all the pomp, president obama said during a press conference that in private meetings he challenged president hu on fundamental disagreements, including human rights. >> i have been very candid with president hu about these issues. >> reporter: in a rare concession, president hu admitted that a lot still needs to be done in china on human rights but gave no indication anything would change any time soon. the two lead

did hu succeed? nhk world's junpei yoshioka in washington. >> reporter: on thursday hu attended a luncheon in washington with corporate leaders. there he stressed that the strengthening of bilateral economic ties would help revitalize the u.s. economy. >> reporter: the united states had a $250 billion trade deficit with china as of november 2010. some participants in the keptic about the benefits to the u.s. of boosting economic ties. >> i think they were addressed, but many of the issues have a great deal of work that remains to be done. >> reporter: the chinese government has agreed to business deals with the u.s. worth $45 billion, including the purchase of 200 boeing aircraft. the deals were timed to coincide with hu's visit. but the perception of china as an economic threat is deeply rooted in the united states. u.s. lawmakers have voiced criticism over the yuan's exchange rate, which they say is causing the bilateral trade gap. there are even nonpartisan moves in the u.s. senate to implement sa

. >>> president obama and chinese president hu gin -- hu jintao are meeting at the white house. craig boswell reports from washington. among the serious issues, there's also a lot of pomp and circumstance. >> reporter: president obama welcomed chinese president hu gin to you to the white house with the full hon -- hu jintao to the white house with the full honors. the two countries have a huge stake in the economic state. >> nations including our own would be more prosperous and secure when we wok together. >> reporter: but cooperation means finding common ground on a range of issues. huh has been pressured to -- hu has been pressured to back north korea. >> nations are more successful and the world is more just when the rights and responsibilities of all nations and all people are upheld. >> reporter: china is also america's biggest lender and the chinese government has been criticized for manipulating the currency to give it a trade advantage. >> china will have influence in terms of how major global issues are resolved. the economy being significant, the climate being another

president obama and china's president hu met face to face. and, china agreed to buy $45 billion worth of u.s. goods, which could keep 235,000 americans on the job. and what about that thorny issue, china's record on human rights? jake tapper has it all tonight from the white house. jake? >> reporter: good evening, diane. white house officials say that more than 50% of the conversation between president obama and chinese president hu jintao was about jobs, opening up china's markets to u.s. goods to increase u.s. manufacturing. but that goal is often in direct conflict with the desire for the chinese to show more respect for human rights and on that front, there was a rare admission today by the chinese leader. morning broke with the pomp and circumstance of a state visit. >> on behalf of the american people, welcome to the united states. >> reporter: president obama declared that the two super powers have an enormous stake in each other's success. but the issue of human rights was present all day. in protests across the street about china's o

hu. china is to buy u.s. exports. it is welcome news here. >> it does not demand a lot of the infection. his mission will be to face that and persuade americans that in the future china can be a worthy friend. >> the chinese government is -- advertisements but the understanding is growing that they must work together. >> if we begin to pull away from each other, china begins to play games with a u.s.-that begins to try to everyone else to say -- u.s. that begins to drag everyone else down. inside, they sought to restore it the relationship. they will offer a recession battered world. crac>> we ask him about the important questions that have been raised brita china must do more, calling them for human rights. it will take time. fort president obama, it is going ok so far. there had been attention to human rights panetta they are pushing ahead with the protocol this evening. they are hosting famous stars and politicians past and present it is much about hum as anything else. >> how do you think he has come out with this

. >> as president hu jintao's as it continues, president barack obama has raised some sensitive topics in killing -- including currency and human rights. obama said china's currency is undervalued and should be dictated more by market forces. >>he pressed on the human rights record of china, reaffirming the u.s.'s commitment to pporng hihuman rights. the chinese president admitted his country has a lot to do in that area. the visit has been anticipated as the most significant meeting in recent times. that was reflected by events of the white house on the first full day of his visit. >> hu received a carefully choreographed welcoming ceremony after writing the previous evening. the 21 gun salute and fanfare reserved for state visit. images likely to go down well in beijing. it is a meeting of titans. u.s. president barack obama representing what is the world's most powerful country despite its faltering economy. chinese -- and the chinese premier hu jintao, leading of the emerging superpower that is the motor of the global economy. obama chose to underline the importance of ties with be

hu will also visit obama's hometown of chicago. >>> a u.s. media survey shows that president obama's support rate recovered to its highest level in nine months thanks to his handling of the shooting rampage in tucson, arizona. 54% of respondents said they approve of the president's performance, an increase of five percentage points from last month in the latest survey conducted by the "washington post" and abc television. 43% said they disapprove, down four points. the latest poll took place shortly after obama spoke at the memorial service for the victims in tucson. six people were killed in the gun attack on january 8th. that targeted democratic congresswoman gabrielle giffords. at the memorial, obama voiced concern about the deepening rift in u.s. society and called for national unity. his response to the incident, including the eulogy, was endorsed by 78% of respondents. the survey also showed that 55% of respondents believe that obama would be able to cooperate with the republican party on important issues. the result may reflect expecta

we will focus on hu jintao's visit to washington. this is a "washington journal." host: on capitol hill, the republicans in the house began debate yesterday over whether or not to repeal. this morning we want to hear from all of you and whether or not you changed your mind on this health care law. what has been your experience? do you still believe it should be repealed? the phone numbers are on the screen. "the baltimore sun" headline -- a new poll says 46% of those believe the law should be repealed. 40% say it should not. when you break that down by party lines, a 78% of republicans want the health care law repealed. 15% of republicans do not. 64% of democrats do not want to see repeal. 24% of democrats want it repealed. independents, 43% say repeal. 18% of independents have no opinion. we want to hear your thoughts. what do you think about this health care law? "the new york times" talks about the debate and the different aspects of its that you probably heard if you tune into c-span yesterday. here is the news analysis section of "the new york times ." "the co

officials present when gates met hu.raises the question whether hu, who is on his way out is really in charge or has already become a lame duck. question, who's in charge in china? the communist body or the military general staff and china's nationalistic hard- liners? i ask you, monica? >> h who's on first? look, you are still dealing with a communist government in beijing so there is a tight relationship between the political leadership and military leadership. obviously, hu is coming to see president obama. i think the number one concern the chinese is they are worried about the value of their holdings of u.s. assets. they are very worried about potential losses of a rapid sell-off of u.s. treasuries. u.s. debt is still relative. >> how much of that debt is -- >> am $1 trillion. >> how much of that is the total debt? >> of our total debt? >> no. >> 40% of their reserves. you are talking about the military, john. the military a couple of months ago was on a tear. we owned the south china sea, all of the islands, the ye