obviously, this is what we should expect from the pboc. bank coming out and saying we are going to be gradual and then this is probably something we also expect from japan this week is that they need to focus on their communication with the market. when the market is starting to price in more tightening, they probably need to take the chance to reemphasize that. shery: i love that you went there for me because i wanted to ask about the boj next. we have been waiting for months for that policy review, so what are we expecting? sources telling us we could perhaps see some releasing of an analysis to show what an interest rate cut could actually look like. they seem to want to send some signals to the market. qian: i think -- i do not expect any major policy changes from the boj meeting because frankly speaking, i think when the boj already reached the limit on monetary policy, they do not have much room to change their policy significantly as they need to wait between the effects of further monetary easing, so i think in the last several wee

it is further suggesting the pboc could be scaling back its stimulus.uble is we have been preparing for some tightening from the pboc for a while now without much actual action from the central bank. manus: yeah, such as the boy who cried wolf. last week, the chinese bond market moved incrementally, like one or two basis points. keeping it real. from singapore. laura wright keeps it real everyday with the first word news from london. laura: global virus cases rose this past week for the first london almost two months. the world health organization says it is due to countries easing restrictions and people letting their guard down. in the u.s., infectious disease expert anthony fauci says health officials are closely watching a new variant detected in new york city. at a time when public officials were taking vaccines on camera to boost public confidence, sources say former president donald trump was privately given his first dose while still in office. he and his wife have had their second shots as well. this sunday, trump told everybody to go get their

try to moving to reshuffle the pboc's monetary policy committee.ies shift their focus from stimulus towards curbing risk. they were replaced them on the committee. shifting expert members after three years, according to state media. hsbc will reopen its main hong kong office after it was closed last week in the wake of three positive covid cases. they did a deep clean and disinfectant and precautionary matters remain in place. this came as a wave of infections hit the city's businesses. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. clash tom barkan sees a strong year for the u.s. economy as the pandemic proceeds, but there is no sign you of unwanted inflation. we have spoke to kathleen hays about the outlook for recovery. >> i think we will have a very strong spring and summer, even vaccines rolling out at a strong rate. if cases going down. -- you have cases going down. that is where this all starts. you have pen

will pboc start doing qa? -- qe?tively you think not yet, they possibly have room to cut rates, but ultimately china has a money, monetary growth target, and in order to achieve that target, they can cut rrr and have other measures but one mission they could use is to expand the balance sheet by qe purchases but without seeing if that is likely anytime soon it is certainly part of their toolkit. even though the pboc, they make hawkish comments with respect to a focus on deleveraging, it could well be that in the future we do see a pboc embarking on some sort of bond purchase program, and central banks globally have been doing that for many years now. even the bundesbank was doing that in the 1970's. haslinda: when it comes to the you want ,-the pboc- yuan, the pboc has made clear wants a stable currency. the yuan, has already given up all its gains for the year. what you make of that? >> the yuan is a long-term appreciation story. if you think about china's productivity growth relative to the u.s. and the rest of the

we have seen some pboc comments trying to rein in expectations. though -- that is a long way above 6% and 5% to the 5.7% that the pboc said would not be inflationary. mark: i think there is a nuanced picture from the abo say. the potential growth rate is a little below 6%, 5.7% for the next five years. but over the next year 5 -- but over the next five years average. they think it will be way above that. the base effects from last year and the so far stronger every. there is a picture that the pboc is trying to say -- that is a key point. the short-term rates are staying high squeezing liquidity. that is why am concerned that this is not sustainable. i don't think we will have a positive week ahead. anna: that ties into one ear concerns. let me ask about treasury markets. margaret -- markets were really rocked a few weeks ago. thinking about where gilts were heading and what that would do to risk assets setting off a narrative. it was the poster child for concerns around debt levels globally. yesterday's seven-year auction was lackluster but not a

for the pboc, it is the other way around.ns between the two central banks. it is even reflected and currency markets at the moment. haidi: what is the biggest difference between economic performance in this part of the recovery? it is at the -- is it the vaccination rollout? and what does that mean for parts of southeast asia, or even australia, where the rollout has been in doubly slow? frederic: it comes down, if you think about growth the next two quarters, it is all about vaccinations. we need normalization of activity. we need to reopen borders. remember, in southeast asia, many economies rely on tourism and travel in a broader sense, trade and nervous is. as long as we don't vaccinate the populations to a certain degree, then we can't relax those restrictions. the other risk, something we see in india, is that unless the population is vaccinated to a critical level, there is always risk of a renewed resurgence or a pocket of resurgence, which would close back down. so we need the vaccine, sooner rather than later. shery

china is really shoveling the pboc's monetary policy committee.on curbing financial risks. they will replace two others on the committee. this is in standard practice. global news, 24 hours a day, on air and bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn and this is bloomberg. haidi: the first face-to-face talks between china and the u.s. since president biden became president. we are joined by stephen engle in hong kong. we did not even get to the promise of the meeting between the leaders for earth day. where do we go after this airing of grievances? >> what is next? there is no roadmap for further talks and the way i look at it is the question is -- where do we go from here? that was the question going into the talks because the bar was set so low on expectations. it is now the question coming out of these two days of talks. including a high profile airing of grievances. in alaska. that is the question and i think both sides have gone back to their respective headquarters in

the pboc, similar.ce sheet is 7% bigger than six years ago, whereas the ecb has more than tripled. one of my colleagues points out it may make swap rates more relevant as bond yields is a macro element. anna: i suppose we know why this has happened because of the fallout of the pandemic and the way the ecb has been forced to act as a result of this. they ask questions of how long the ecb remains the largest. we know lockdowns will be in place the longest, and a lot of that is focused on europe. mark: yes, and an extra point to make, if you put this relative to gdp, it is more extraordinary. europe's economy is smaller than the u.s. covid is very relevant and it begs the question, which we may be able to ask christine lagarde, what is the exit policy? anna: christine lagarde will be joining francine lacqua 9:00 london time on "surveillance" to talk about this. another big talking point, let's talk about ipo's in london. the decline after brexit may be greatly exaggerated. ipo's are on track for a record

i assume the pboc is one of the first in your four sites.hat are you expect from the asian central banks into 2022 and the latter part of this year? michael: the pboc has already started to ease off of the stimulus in the middle of last year. interest rates have bounced back up to pre-covid levels, credit growth was slowing down and the message for 20 to anyone is moderation, gradually withdrawing this fiscal and monetary stimulus. we think that could transfer into 20 basis points in the second half of this year. the other central banks in asia, for the most part, you're looking at central banks that won't be in a hurry to tighten monetary policy. the ucb probably long after that. we think that by the middle of next year, most other asian central banks will have started raising rates but to be honest, it is not a tremendously high conviction view. the view is they want to be done with normalizing policy before the fed starts. that leaves them to or three years from this point to get that done. our view is by the middle of next year, most of

this gdp chart on the bloomberg, we have heard from everyone that the pboc may cut this.e stand? >> there have been mixed messages. there seems to be rather hawkish stance. the central bank is ready. this requires it to be stable. it should avoid set interns. we heard a bit more of a statement from the central bank. the latest statement did send stronger signals that perhaps the central bank and regulators will see the rising asset bubble and be ready to act on monetary policy. china will not only look at its domestic conditions but also to the external monetary conditions. what major central banks in the world are worried or relaxed. if china asked to soon, too quickly to cause overflow for this year. shery: we are seeing governments around the world opening the fiscal taps. what are we thinking about fiscal policies? >> we think chinese fiscal policy will start to consolidate. this will also decline. we see the demented fiscal deficit. shery: we will be watching the meetings very closely. thank you. there is more analysis ahead of what to expect out of china's meetings.

soon a former pboc advisor joins in the next hour.the eu is set to approve sanctions against the business interests of those responsible for last months military cute -- military coup in myanmar. this is according to reuters. it will happen on monday. we have more. dan, could we see some action? >> that is right. the eu has lagged. the u.s., canada, the u.k., inputting targeted sanctions on the coup makers after they took power on february 1. this action has been expected for a while from the eu. they hinted at this for a bit. it should come as no surprise. it shows the dividing line between the west and asia on implement inc. sanctions -- implementing sanctions to finish -- to punish the generals financially for the takeover and bloodshed we have on the streets. haidi: as we see the u.s. and china meet in anchorage today, is there a missed opportunity for beijing to play a greater role with its influence in myanmar. >> it hits at the core divide between the two countries. we saw the opening statements at the u.s. china meetings desce

and the pboc's monetary policy is prudent and not tightening.nk where you are in terms of that policy cycle is going to be much more prudent mall -- monetary policy. i would highlight that we do expect a drift lower in the total social financing and credit growth, which means that that part of the equation will not be as accommodated as last year. we expect some increases in the default trade, but overall no major risks on the market perspective. juliette: thanks so much. as always, have a great region -- weekend. from blackrock join us. what's get the first word news with vonnie quinn. vonnie? >> the government says it is determined to go ahead with the limbic games, despite concerns over the arrival of local fans. international travel began -- means difficult at best. local olympic committee say athletes deserve a chance to deliver a once-in-a-lifetime performance. >> [speaking foreign language] i believe the japanese people will feel more confident in hosting the games if we are able to show concrete plans within the next one month or so. the

it is unlikely, again that this data will radically change the view of the pboc. being digested by investors here. haslinda: tom mackenzie in beijing. more on this on the terminal. rish? rishaad: news breaking, this is concerning superannuation funds in australia. for the biggest pot -- pension pot. two pension funds moving a step closer to creating a $155 billion giant. they signed this deal to merge. it had been floated just a couple of days ago. the two saying they will be paving the way for the duration of a strong superannuation fund with the scale to deliver outstanding services at lower costs to members. the industry is worth something like 3 trillion aussie dollars. consolidation taking place there. haslinda? haslinda: as we been saying, central bankers or washington and tokyo will meet this week as investors continue to bet on the return of inflation and wait to see how policymakers will react. kathleen hays is here. kathleen, will the fed address market concerns from the massive u.s. stimulus spurring inflation? >> probably at the press conference with f

it is being led by the pboc.t was to the state teaming up with companies to set up a joint venture to hold this incredibly lucrative data that china's tech firms have accumulated over the years. we don't know yet what will happen legally. they will probably have to change the data privacy law here. we don't know what will happen in this joint venture but it would be a major step, a major escalation. >> we do have breaking news at the moment. japan is saying that a missile was fired from north korea. this was a ballistic missile. remember this after north korea fired two short-range cruise missiles. we had heard from president biden, reacting to those missiles saying that the north korea missile test is business as usual while we are hearing the japan coast guard. this after a couple of short-range cruise missiles were fired over the weekend. >> let's get the latest on that canal situation. work to dislodge that large containers are blocking the canal, more than 180 ships are gridlocked around the waterway. it is

it is unlikely it will change the calculation for the pboc.ere are some reports about more u.s. and china discussions about a meeting. any idea about what they would be talking about, and anything else going on geopolitically with beijing? tom: this is the south china morning post describing it as a potential meeting for a reset in relations. that arguably would be overstepping it somewhat. but they are reporting on we could be seeing a meeting in alaska between the top communist party official charged with foreign affairs, also possibly the foreign minister in alaska with their u.s. counterpart, the u.s. secretary of state antony blinken. we do not have a timeframe for this, but it would be significant of course. it would be the first high-level face-to-face meeting since the biden administration took over in january. so far the two sides have not offered anything significant or substantial in terms of olive branches. so it could be an opportunity to at least start conversations once again. talking of a breakdown in relations, london and beij

if i have to pinpoint one thing, it's probably the fact the pboc is tightening liquidity, not makinget injections into the market. it is that liquidity factor that is one of the biggest issues. until the pboc starts making net injections into the market, i think the chinese stock market will continue to struggle. anna: you mentioned keeping an eye on the australian dollar which could spread in the european session. what is going on on the new zealand dollar. we covered a few stories about people trying to ride out the pandemic. foreign buying a property or bubbles in the property market never far from the politics of new zealand. what are we seeing overnight? mark: i think you have pointed to the real issue. it is more of a new zealand dollar rather than australian dollar in terms of fundamental story today. it is the fact the central bank and government are trying to step up their pressure on this bubble market. new zealand is targeting t -- that and the aussie dollar has multiple stories. anna: thanks for the update on those stories. we will be back with mark throughout the program

the pboc over the weekend was reiterating that there were not high rates at the moment and they wouldt cut rates and it would stay stable. from an e.m. standpoint, central banks are behaving in an orthodox way. there could be some specific situations but right now, we don't see anything close to turkey. annmarie: fabiani fedeli, stay with us. coming up next, we will look at what is happening in the vaccine battle. this is bloomberg. ♪ >> from the second quarter, we want to manage to progress the vaccination in germany as quickly as possible and is flexibly as possible. annmarie: angela merkel speaking last friday on the importance of stepping up the vaccination campaign. the eu is upping its and take in -- its ante in its battle with u.k.. the drugmaker fulfills its delivery obligations to the european union. let's get to our bloomberg reporter in brussels, maria tadeo. how serious is the eu about halting the shipments? maria: it goes back to the underlying and -- it goes back to what was said last week. she singled out astrazeneca and referred to it as a company that had underperform

pboc is testing the digital you want in some parts of the country and it could be the first digital currencyssued by a major central bank. dow jones reporting that microsoft is an exclusive talks to buy san francisco based discord for at least $10 billion, and that the deal could be completed as soon as next month. earlier reports that microsoft favorite was among a number of suitors. rishaad: let's get to the market action and have a look at what is going on with japan as we head to the one hour lunch break. some of the companies that should be making waves. constructing new development building at its office in yamanashi prefecture, and technology solutions at the moment is going to be facilitating this shift towards the digital for -- visit -- the digital society. it cut its net sale for the year, and there could be reports with a plan to pick the buyer, and it is down to two groups. and a company there with a price target raised. this is bloomberg. ♪ want your workout to be easier, more effective, and more convenient? then you should try aerotrainer by golo. the new full body workout tha

analysts predicting that the pboc may trim the rrr for some banks as of march 5.uneven recovery when it comes to the growth on the mainland. haidi. haidi: jeffrey's head of china strategy research will be joining us for those big china and hong kong market opens after that bubble warning from regulators and also after that report in the china securities journal that we could see a rrr cut for some banks in march. let's take a look at the state of play when it comes to markets at the moment. fairly calm session as treasuries continue to stabilize. we had a decent bump when it comes to the fourth quarter gdp numbers out of australia. the s&p futures for the u.s. are up by .3%, looking like we will see a moderate open after the decline we saw in markets on wall street overnight. taiex futures up by .7% and you have ftse china a 50 futures looking like a pretty muted start to trading. before we go, this is a fun story we have been following. a japanese billionaire has kicked off a global contest to select eight crew members to join him on a private spacex flight aroun

government in some of their counteraction's to the pboc? always difficult to be scientific about gauging opinion in mainland china. we do know through the state media in china, through the social media, certainly there is a bombastic nationalist tone in terms of the rhetoric in the press ended in terms of commentary on social media. there does seem to be a broad groundswell of support behind the chinese because and against the u.s. side. there's definitely a streak of nationalism going on there. you only have to see what the chinese diplomats them selves are saying globally. so no doubt, and pinions -- no doubt, opinions are inflamed on both sides right now. jonathan: one rear area which of the few areas where we have agreement down in washington, d.c., how to confront a rival superpower. let's bring in mohamed younis now, gallup editor-in-chief. what have you learned in the bowling you have done recently? mohamed: our survey we conducted in the second half of february, we asked americans about the favorability or perception of a series of

china has moved to reshuffle the pboc's monetary policy committee as authorities shift their focus toward financial risks. the moves are i with the standard practice of shifting members after three years. the south korean defense minister says the country may strengthen military ties with japan to counter regional threats. boosting cooperation was necessary for security across the korean peninsula. >> the matter of history related issues. we feel that korea and japan relations are needed to what is -- are needed. what is work that is what is protecting the peninsula is centered around the u.s. alliance. we believe that the japan cooperation is a valuable asset. vonnie: global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. haidi: australia's covid vaccine rollout has been disrupted by severe weather in the state of new south wales. thousands of people facing evacuation as floodwaters rise. we have experienced torrential rain over the weekend. how disruptive has it bee

juliette: and your thoughts on expected tightening from the pboc, and the likely impact to?enerally expect authorities to adopt a prudent monetary stance for 2021. underpinning that is because of capital constraints for the banks in general. even though we saw a net profit, on the high [indiscernible] rating, in most cases banks are reporting flat or slight declines in core capital. as long as you have banks growing faster than the rate that they are retaining their profits and capital, the core capital still remains under pressure as a whole. that is going to limit the amount of credit loosening that banks can undertake. rishaad: you looked at the balance sheets of these lenders. and you find yourself looking at a healthy set of things. return on equity is pretty good for most of them, good capital tier one ratios and the like, and also the dividends for some of them. that is been the case for a while. why they've been so unloved and where they know finding that of? >> -- finding that love? >> part of the asset deterioration may not have fully surfaced, because of relief me

pboc has not done huge quantities of qualitative easing -- quantitative easing and has not pushed downway other countries have. looking ahead, after the economy has done well, they are looking at policy. i'm looking forward to the npc's for further clues about how much they might be willing to tighten on that front. it is something that has been very supportive of the renminbi and will be supportive going forward, particularly as powell is likely to and half an hour remind us how rubbish the reserve is going to be as the u.s. economy suffers from a wide output gap and unemployment. we think the renminbi will have lower, probably to around 625 later this year. we like the renminbi. it is one of the strongest currencies around. alix: as china tries to change up its economy, do you expect them to allow more channels for outflows? it seems like you would expect sufficient inflows to balance it out. is that fair? james: that's fair. we think that the renminbi is likely to be the bigger global reserve currency. i'm looking forward to the npc to see if there will be any more reforms announced

but i think q2 onward, china or pboc is the authority you want to watch more than the fed, more than ecb. the fed and the ecb are going to remain quite dovish in increasingly strong economy. china is going to become more hawkish. that is important for commodities. that is important for value. alix: we love talking to you. so great. bhanu baweja of ubs, thank you so much. coming up, we are going to look at what the u.k. government is doing to make london's financial sector competitive post-brexit. this is bloomberg. ♪ alix: the u.k. government wants to make sure that london stays attractive as a financial hub post-brexit, and it won't stop with overhauling rules for fintech. it is preparing a wide-ranging review of financial markets. bloomberg's finance reporter has the details. what is in this wide-ranging financial review? reporter: i think what the u.k. treasury is putting out now is going to be a paper in the summer, and it is going to be looking at a wide range of capital markets rules, so issues related to market structure, transparency regulations, and rules in the commodities

it went down 14% in a couple weeks after pboc, the peoples bank of china suggested they would hit these button on the money printing. delano, at some point powell will have to find a way to assuage investor anxiety. he could do it by saying something, not necessarily taking action but i still believe the fed will have to really calm the waters here? >> yeah, i agree. the fed, money printing has been a big boost of confidence to investors. i think that stays for the foreseeable future obviously. at some point when they do hit pause i think it will be more gradual, invest will be prepared for it. investors have confidence in the market in the foreseeable future. charles: want to get back to the good ol' days when the market goes up every day. great stuff. appreciate your expertise and your calm. china's xi is ordering his military be prepared to respond in these unstable times. what they are preparing for, what we should be preparing for later in the hour but first the los angeles teachers kwan is warning its members about posting any spring break photos to avoid any bad optics because

i think what pboc might do is because of this whole renewed focus on combating financial risks aftermy is more stable, there might be potential rate hikes, perhaps later this year in the second half, in the next few months. that is something i am definitely watching for, when monetary conditions tighten further. haidi: what are you seeing in terms of the measures we saw from authorities to take the bulk of burden, really keeping afloat pandemic hit firms. are we going to see more easing of those requirements? jason: those are undercut. even though there are two sections easing in march, there was still some guidance for banks to continue lowering financing costs. i think this regulatory pressure has eased somewhat, and i think the focus will be for the banks to recalibrate their support. this is done through a requirement called inclusive lending, which the big banks are required to grow this year. that is a target of a segment of the economy, not so broad-based. haidi: always great to have you with us. jason 10 from creditsights on chinese banks -- tan from creditsights on chinese b

. >> big used overnight from the pboc -- is that -- it is supporting as we see more product and classictional players come into the market. this supports wide acceptance of the product with more classical players coming in. my point of view is it is a long-lasting positive impact and more regulators will look into this product. i don't see the negative competition at all. >> the digital versions of fiat currencies, but more crypto -- does that latter part need to fall or is the allure and value of using these mainly because they are outside the purview of monetary policy? >> the question is how you want to tackle that one. for the beginning, we will see more centralized approaches before we have an open market. central banks will play a major role, especially for stable coins, central bank digital currencies. but we see positive effects coming from the small public approach to cryptocurrencies. it's hard to see -- you see the space developing quite fast, so it is hard to see how the development is growing. >> i imagine part of what you are looking at, things like acquisitions -- i know

haslinda: speaking of china, jim, we're hearing that perhaps the pboc may trim its rrr as early as this month. how much support will that provide? jim: i think it's an indication of more accommodation from chinese authorities. the one thing china has got behind it is the fact it has got a very clear centralized planning system. we have to be mindful that china, unlike major economies in the world, is a planned economy. tomorrow they are setting -- sitting down to discuss a strategy of self-reliance, a word borrowed from north korea, to make sure the korea -- i think china really is quite unique. unique is not a word i use lightly. but unique in terms of the way it is run and planned. i think that gives them a lot of support. rishaad: jim, what would move the bond market on friday, for instance, when the npc gets underway? tell me what you are expecting if it does move the needle in any way. jim: i think the issue is not unlike the 10, 20, 30 years ago, the job of the central bank has changed. independent central banks, which came about in the late 1980's, early 1990's, their job was to

we are seeing repo rates climb as the pboc has withheld adding cash to the system.landing for china's economy. the renminbi still looking attractive to pimco. noting that the terminal in the credit impose is doing little to's chain -- to change their constructive view on the currency. haslinda: jp morgan has troops -- has tweaked to their yuan forecast. what is there trajectory? sophie: they now see the yuan at sixth 35. one factor they are citing as they are seeing a more constructive environment for the greenback. they see the case building for a year of u.s. exceptionalism. rishaad: let's get straight to markets as we get those -- shanghai and shenzhen going to their lunch break. a bit of a turnaround taking place. the delta very big. 3% or thereabouts. all against this backdrop of good economic news. we have gas imports hitting records. despite the rosy picture being painted by the data, it does seem as though we have sentiment turning negative should a -- turning negative. the reform commission, plans for the future. want to leave you with images of the vice pr

haslinda: the pboc pulling back. is the market really prepared for it? a bit more used to the idea. we did have state media last week arguing for a more normal monetary policy, we had a liquidity squeeze in the run up to the lunar new year, which is normally a time where they are adding the quitting. we have seen markets come off. the best proxy for liquidity in the main market is the top stock that did exceptionally well last year. it is now down 20% from its peak, which is quite a plunge. that shows that people are going increasingly concerned about that. these comments are coming just days before the major meeting where they will lay out the top economic goals for the year. it doesn't a very clear signal that deleveraging and normalization of monetary policy are going to be key goals. rishaad: also, when we look at what he was saying, he talked about hong kong, hong kong was subject to its own regulations. what prompted that? what kind of message was he sending? guest: not entirely sure. one thing that has been clear, is that hong kong -- hong kong is

i think going forward, the pboc will aim to strike a balance.e hand, it will have to leverage the risk. and you will continue to see the leverage. on the other hand, it needs to continue to provide [indiscernible] in the recovery to continue into 2021 and beyond. at this point, we are looking at policy normalization happening gradually and slowly. they are not looking to cut rates further. i know they have talked about cuts coming soon. but i don't think -- i think they will proceed in a balanced manner. at the same time, there will be no tightening. shery: we will be back with you quote -- shortly. we will be discussing that a little bit more. plenty more to come on "daybreak: asia." this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to

on the pboc something to watch. everything from marrow inc. -- narrowing brett to slowing momentum. the next couple of weeks here. haidi: the mutual fund guides, the insurers, what are we expecting today? is there anything jumping out at you at the end of this very busy week? >> nbc, if there will -- if there was a surprise from the end --npc, thousand surprised to begin with. a lot of these are ahead of schedule. if it comes as a surprise, that may be something to watch. as far as state -- as farce today is concerned, -- as far as today is concerned, you're getting green in your screen today in asia. maybe a bit of gay going into the weekend. --yay shall mean has a buyback of 1.2 billion dollars. alibaba on the dow jones reports half the record fine. an earnings missing expectations at that. back to you guys. haidi: we will get more on the nbc. the lacquer surprises. beijing wrapping up its biggest political gathering. it showcases their confidence as they emerge from the pandemic as the only major economy to expand into i-20. our next guest is focusing on something else, china's p

look at alive index that tracks analysts takes on the pboc daily reference rate.ou will be able to follow the market pulse. haidi: shery, as we know, cyberattacks becoming more common. private comedies are not immune to that. -- companies are not immune to that. nine networks -- their production and broadcast facility's were interrupted by cyberattack. it could have been a work of criminal sabotage or the work of a foreign nation. shery, it comes at the same time as we hear of disruptions to parliament house emails and other internal functions. they are not calling it a cyberattack at this point, but investigations are underway. shery: we have seen cyberattacks in australia in the past. 2015, 20 16, high-profile attacks on the government. there are ports in the past that it was coming from china. -- there were reports in the past that it was coming from china. the defense -- the assistant defense minister saying there already 50,000 cybersecurity attacks last year. this is becoming very common, isn't it? haidi: that is it for daybreak asia. arctic coverage continu

kailey: i want to ask you about the pboc.tinue to tighten to suck liquidity out of the market? peter: we know they have concerns about the system, and that is one of the tools they can use. but also, they know that they need to keep the economy going. so they are going to be cautious just as everyone else's. -- everyone else is. guy: i think it is certainly going to be something we watch for very carefully. i do therefore wonder whether this geopolitical tension feeds into that narrative. a topic for another day. we really appreciate your time, peter. peter schaffrik of rbc capital markets. we are going to continue the conversation. we will talk more about what is happening with this european lockdown story. that is coming up. this is bloomberg. ♪ so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo h

the pboc has filed hundreds of patents on their digital currency projects.spending habits. they will have the ability to surveil at levels never seen before in human history. you do not want the chinese to have dominance in block chain technology. maria: i could not agree more. that's why i was so happy to hear what you had to say about this because this is a story that we are going to keep on. i know you sent a letter to the biden administration, urging the administration to work toward making america a leader in this technology. what are the key points that you made? have you heard anything back? and walk us through what the united states needs to do to ensure that the ccp does not beat us at block chain. >> china is years ahead of the u.s. in the cyberspace race of building and controlling the systems and the governance that will power the digital economy. this is a call to action. we are calling on the biden and the harris administration to make block chain a national priority and to establish a national action plan for block chain to ensure our technica