he'll be meeting secretary raimondo during her visit. certainly, i think the us—china bilateral relationship is probably the number one concern for us companies operating in china right now. a lot of uncertainties. so we are very happy that secretary raimondo is visiting china as we speak. what issues will you be asking to raise when you meet her, especially given when she says she won't be pulling her punches, but she intends to be practical? certainly, i think us—china are the two largest economies in the world and the two countries need to figure out a way to work together on mutually beneficial opportunities. we still believe that china is a very strategic market for us companies and many of our companies are here for the long—term and they try to find a way to grow here. at the same time, the two countries are dealing with issues as well and i think certainly the us side has recently issued an executive order on export controls on a few sectors such as semiconductors and ai and quantum computing. so i think secretary raimondo probab

commerce secretary gina raimondo has spoken exclusively to cnbc's eunice yoon. she warned chinese measures against u.s. companies will hit investors' confidence in the country and call on the government to level the regulatory playing field. raimondo said china needs to work with confidence. >> there's an appetite certainly for u.s. business to continue to do business in china, but what they tell me is that when the regulatory environment is unpredictable, when they're not sure why their companies are being raided or when they're not sure why there's such a strong preference for chinese companies or local content requirements, all of those regulations make -- it's an unlevel playing field for the u.s. business, it's unpredictable, and so my message was there's a desire to do business, but we need predictability, due process, and a level playing field. >> raimondo also said there is no guarantee the u.s. will take more action against china. >> the president's been very clear that we have to protect our national security. we can't compromise or negotiate when it c

raimondo held meetings with the officials at the culture and tourism bureau.he channels are now a show of g goodwill, but some feel more concrete actions are needed moving forward. i'm sam baddas, nbc business news. >> in terms of market reaction, you have green across the board for the asian markets. hong kong up 1.9%. 1 1.2% higher in shanghai. it has been a global rally taking place. different pictureto the post jackson hole reaction this time last year. >>> turning to currency markets. the sterling is also holding relatively steady against the dollar at 126.12. the u.s. dollar is flat against the chinese currency. we have the global head of barclays now to talk about the currency markets. >> good to see you. >> let's kickoff with the yuan. pboc has been trying hard to arrest the decline which was 5% over the dollar this year. even if the pboc is able to arrest the decline, what will it take to actually reinvigorate the currency? >> i think the only way for a sustainable path of yuan strength is growth for chaina. in the same way they are trying to control

raimondo addressed that with the min minister. there is no room to compromise or negotiate on american security. >> some of the talks wrapped up a short time ago, eunice. where are you right now and what is the agenda for the rest of the day? >> reporter: she will head to an event where she will meet several business leaders within china as well as the government officials. she will be at the ambassador's residence. she will meet people there. what also people have been discussing here is what really tangible can come out of the meeting. she mentioned working groups as a way to try to improve the engagement between the two sides which she says is really important to avoid miscal miscalculation. another point which is interesting for viewers is there's been a lot of talk of how her trip could lead to a deal for boeing. that's because the chinese have wanted to upgrade their fleet for several years and haven't done so. critics are saying it is a concession that is not a concession. >> eunice yoon, thank you. >>> the u.s. commerce se

let's start in china where us commerce secretary gina raimondo has been meeting premier li qiang at a meeting in beijing, hoping to thaw the economic relationship between the two countries. raimondo said america does not want to decouple from china and said they should cooperate on areas of global concern, including climate change, artificial intelligence and the illicit fentanyl trade. while premier li told raimondo that us—china trade is "ballast stone and stabilising anchor" in relations. here's katie silver. gina raimondo�*s visit is just the latest in a series of top american diplomats who have recently visited china. that includes treasury secretary janet yellen, the secretary of state antony blinken and us climate envoyjohn kerry, all in the last three months. but despite all of these meetings, relations between the world's two largest economies are at the most tense in years. last august, the us passed the chips act, specifically aimed at growing the domestic chip—making business and blocking china's industry. beijing has responded in turn, including restricting exports of two

gina raimondo�*s visit is just the latest in a series of top american diplomats who've recently visitedna — that includes treasury secretary janet yellen, the secretary of state antony blinken, and us climate envoyjohn kerry, all in the last three months. but despite all of these meetings, relations between the world's two largest economies are at their most tense in years. last august, the us passed the chips act, specifically aimed at growing the domestic chip, making business and blocking china's industry. beijing has responded in turn, including restricting exports of two materials, gallium and germanium to the us. these are key ingredients in making chips and it all comes in the same week as export controls kick in in the netherlands, preventing one of the world's biggest makers of chip—making equipment, that is asml, from exporting without a licence, something china has complained about and analysts have said would only make us—china relations worse. a little earlier i spoke to james early, chief investment officer at bbae, a digital investment company — and asked him what he hope

secretary raimondo says that she intends to be practical.ensions have been high between the world's two biggest economies. as the us and its allies blocked china's access to advanced chips beijing restricted shipments from a chip company and also find anotherfirm for doing chip company and also find another firm for doing what china called unapproved statistical work. china called unapproved statisticalwork. eric china called unapproved statistical work. ericjohn is statistical work. eric john is the statistical work. ericjohn is the present of the american chamber of commerce in shanghai and he will meet secretary raimondo during her visit. he told me what it has been like all american businesses there at the moment.— at the moment. the us china bilateral relationship - at the moment. the us china bilateral relationship is - bilateral relationship is probably the number one concern for us companies operating in china right now. a lot of uncertainty. so, we are very happy that secretary raimondo is visiting china as we speak. what issues wil

united states says and that's what raimondo's visit is trying to reinforce.elf is fine, especially in those services that are not national security relevant. in those areas where national security considerations are important, then there needs to be a small yard and a hyphen �*s. == small yard and a hyphen 's. -- hi sense. there _ small yard and a hyphen 's. -- hi sense. there has _ small yard and a hyphen 's. -- hi sense. there has been a - small yard and a hyphen 's. -- hi sense. there has been a lack- small yard and a hyphen 's. -- hi sense. there has been a lack of. sense. there has been a lack of clarity in what the united states wants. do you think we can get clarity? i wants. do you think we can get clari ? ~ ., �* , , wants. do you think we can get clari ? ~ i, �*, clarity? i think that's why she's in china, clarity? i think that's why she's in china. one _ clarity? i think that's why she's in china. one of _ clarity? i think that's why she's in china, one of the _ clarity? i think that's why she's in china, one of the latest _ clarity? i think that's

gina raimondo _ bring us up to date? gina raimondo had _ bring us up to date?s before she got on the plane if you are looking for a tagline for the strippers the us needs protect what they must promote where they can and that is a very delicate dance to strike. one of the first meeting she will have later today will be with the chinese minister of commerce in one of the main topics of discussion will be the technology will we have here been hearing about. relations can turn you to be tense as the us works with its allies to block china's access to advanced semiconductor chips with export controls in place, the us says they are worried the us says they are worried the technology will be used by china's military at a time when geopolitical tensions between the two are incredibly fraught. in retaliation to that, beijing restricted shipments from the prominent ship company maker micron technology and find a consulting group million for doing under approved statistical work entertained by chinese nationals who are working for the company back in april. gina raimondo

as we have been reporting, us commerce secretary gina raimondo was in beijing this weekend. we will get to that shortly but firstly i want to bring you breaking news about a chinese property giant, ever grand whose shares have started trading for a second day this morning and they are now down about 14%. on monday after the suspension was lifted since march last year the shares tanked by nearly 80%. it basically lost more than $2 billion in market cap. on friday the company said it met guidelines that are set out by the boards for its shares to start trading but the company was once china's largest real estate company but it has defaulted back into 2021 and it is believed to have had at least, at one point, more than $300 billion in debt. recently told investors that it lost more than $80 billion over the last two years and yesterday morning just before its shares started trading it also told us that it lost another 11.5 billion in the first six months of this year. that is still half of what it lost last year. recently the company filed for bankruptcy protection in the unit

that's how american businesses are describing its according to commerce, secretary gina raimondo will look into the claim making classrooms guns say, hey, how schools in the us spending tens of thousands of dollars on public proof is the state of your business on robots invalid, and welcome to the program c, u. s. commerce, commerce and 2nd straight has warranted that some of us businesses now view china as an investable gina raimondo was speaking during a visit to beijing and asking for anything strange relations between the wells 2 biggest economy. she says us firms might cease operating and china without prompt action to improve the business environment. the 2 countries are engaged in a trade dispute, this seeing that employees restrictions on each of his exports as well. let's get more on this from correspondent and ty, pates of some hon. i asked him why us businesses might now consider china investable. that is mainly because it has become highly risky for the u. s. companies to invest in china, especially after basing revised a lot earlier this year to counter spite activities.

secretary gina raimondo is meeting with chinese leaders. you are watching "squawk box" on cnbc. >> announcer: this cnbc program is sponsored by ibm. ibm. let's create. introducing watsonx a platform designed to multiply output by tailoring ai to your needs. when you watsonx your business, you can build ai to help coders code faster, customer service respond quicker, and hr handle repetitive tasks in less time. let's create ai that transforms business with watsonx. ibm. let's create. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers flexible spending limits that adapt with his business. he used his card to furnish a new exam room, and everyone was happy. built for dr. petsworth business. built for your business. amex business. >>> on this week's s

>> well, there's a couple things on secretary raimondo's agenda.ng tourism to the united states. that means we would also increase tourism to china. china is taking foreigner as hostages, so what we're doing is to encourage people to go to disneyland we're asking americans to put themself at risk a at a militant state. this is something we should be asking for, actually demanding, is that china start taking deliveries of the 737 max. china has still refused to do that and it really is unjustifyable. instead of going into china and begging china to do these things, we should be imposing costs for this unjust at this ue behavior. if we do that, maybe we have a chance of convincing xi jinping to do the right thing. getting on our knees, bowing, this is not going to work. maria: i don't know what else the u.s. can do, michael balboni. this is coming after all of this provocation from communist china, undermining the united states and i hope gina raimondo doesn't go out to dinner with anybody who is going to order her nooned order her psychedelic mushro

i'm wondering how you feel about gina raimondo being the latest to go over to china?leased with the dialogue? >> i'm not. and, remember, that raimondo went to china after it was revealed that the chinese hacked her emails? why go? after you have been robbed you don't track down the robber only to ask them if there is anything that they missed. why are all our top officials flying to china? it makes us look desperate and weak when we send all our cabinet officials there. even though the ccp continues its aggression and especially since neither blinken nor yellen nor kerry came home with any tangible concessions from the ccp. beijing has refused to take serious action on fentanyl. won't establish a military-to-military dialogue with us to avoid war and the ccp is still openly supplying moscow with war materials. and it also appears on this trip we made concessions as raimondo agreed to enter into negotiations over our export controls, which will make it much more difficult to get other countries to match our export controls. and strengthen the arguments made by u.s. com

what you have with these visit of gina raimondo and mr clovelly is a recognition that you have to dealwithin ten years or so china could still become the number economy in the world and you have to deal it. it's the new realities stop i do want to ask you about brics and others as well but do these most recent meetings between china and the us and uk, do they signal at least an effort to ease tensions or warming ties even between china and the west? i was so you have to make the distinction within china, uk relations and china and us relations. i think it is wonderful that the british foreign secretary went to china because as you know, the uk's started until it was very badly damaged when you elected prime ministers like borisjohnson ministers like boris johnson and ministers like borisjohnson and liz truss who, the world was shocked that you went from a country that produced great prime ministers, prime ministers then like boris johnson and mistrust. i think rishi sunak is doing. the case between us and china, that is the defining relationship of our time because the global geopoliti

what gina raimondo said in beijing was important, even on this point. of the trade between the u.s. and china focuses heavily on national security related issues like rare earth sent critical minerals. there is a large swath of u.s. exports, as well as chinese imports into the united states that do not have anything to do with national security and we need that trade and economic relationship to function and serve again as it has in the past as a balance, a stabilizing force, as we see more competition for natural secured -- for national security issues. the u.s. is going to continue to work with allies and partners to strengthen its resilience dealing with those issues where we are vulnerable to china having rare earth situations where they have so many of the raw materials in china. the u.s. is thinking about how can we brought an out those critical minerals supply chains so we are not vulnerable to that. alix: i've been covering commodities for 17 years and i been hearing the rare earth thing for 17 years. amy celico, appreciate it. breaking news. gu

let's start in china where us commerce secretary gina raimondo has been meeting premier li qiang at asaid america does not want to decouple from china and said they should cooperate on areas of global concern, including climate change, artificial intelligence and the illicit fentanyl trade. while premier li told raimondo that us—china trade is "ballast stone and stabilising anchor" in relations. here's katie silver. gina raimondo's visit is just the latest in a series of top american diplomats who have recently visited china. that includes treasury secretary janet yellen, the secretary of state antony blinken and us climate envoyjohn kerry,

the us commerce secretary, gina raimondo, is in beijing for talks with her chinese counterparts."profoundly important" that the world's two largest economies have a stable economic relationship. the two sides have been wrangling over a wide range of issues, including the supply of microchips. monica miller has the latest from our asian business hub in singapore. secretary raimondo told reporters, even before she got on the plane, "if you are looking for a tag line for this trip and mission, it is that the us needs to protect what they must and promote where they can." and that is a very delicate dance to strike. one of the first meetings she will have will be with china's minister of commerce. one of the main topics of discussion will be the tech war we have been hearing so much about. relations continue to be tense as the united states works with allies to block china's access to these advanced semiconductor chips with export controls that are in place. the us has said they are worried this technology will be used by china's military at a time when geopolitical tensions between

commerce secretary gina raimondo met with her chinese counterpart, and raimondo said stable relationshipshe u.s. and china are profoundly important. pointing out the two countries share $700 billion in trade every year. raimondo also said she would not compromise matters related to national security. and this is what we heard from this quote, i am ready to work with you to get to foster a more favor only policy requirement for stronger cooperation between our businesses to bolster bilateral trade and investment in a stable and predictable manner, unquote. now, this visit comes during a time of deep economic times with china. china is dealing with slumping exports. and property crisis. deal with youth unemployment that is so bad that the government has stopped releasing data for youth unemployment. this trip to shanghai follows a flurries of visits from the u.s. treasury secretary in july and tensions have flared not only gopher geopolitical issues but trade and access to technology like chips and also raids conducted by the chinese of u.s. consultancy firms. china is looking for ways to b

we look at the takeaways of gina raimondo's visit next. keep it here with us.vs are pretty... flex. schedule one for you... or the whole crew. plus, they're free. really? healthier is getting a flu shot on your schedule. cvs. healthier happens together. fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. >> we agreed to establish a new commercial issues working group, a formal working group which will involve u.s. and chinese government officials, and importantly, u.s. and chinese commercial private sector representatives, as we seek solutions on trade and investment issues and to a

commerce secretary gina raimondo is in shanghai today, wraping up her trip to china. the u.s.to take steps to ease trade tensions during her trip. raimondo announced a new bilateral forum to discuss export control measures after meeting with china's commerce minister. raimondo claimed she rejected an appeal from beijing to reduce export controls on u.s. technology. she said u.s. business wants to do business in china. joining me with a look at communist china and doing business there is the former u.s. trade representatives the author of the new book, no trade is free, robert lighthizer back with us. thank you for joining me. >> great to be with you. maria: you had among the most tough and serious trade policies when you were with the trump administration. i want to get your take on this administration's response to communist china with all of these provocations, anything stand out to you from gina raimondo's trip so far? >> well, first of all, it's remind ourselves how hostile of an adversary china is. you know it. most of your listeners do. but they want to be number one in

commerce secretary gina raimondo thinks the u.s.rtificial intelligence with china. it is coming up. stay with us. ♪ >> this week with "mornings with maria". we are spotlighting the top young conservatives making a difference. today superstar tomi lahren on why she's taken a stand on the social issues that matter to americans. wednesday, former mva big man in his canter freedom on why stated up to china was more important than basketball. and thursday former university riley gaines on her quest to protect women sports, that is all here on "mornings with maria". this segment is brought to youa by fidelity wealth management. gh from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. ♪ tourists tourists that turn into scientists. tourist taking photos that are analyzed by ai. so researchers can help life underwater flourish. ♪

side, i think it's good that secretary blinken, yellen and raimondo are there talking to the chinese,f these tensions that are inevitably going to fester. i'm hopeful there will be no further escalation of tensions, but i think the harsh reality that any deescalation is probably not quite in the cards any time soon. >> and finally, when was the last time you were there have you been there recently >> i was in taiwan i've been to asia several times, but not to china i mean, from the east coast, it's very difficult to get to china because u.s. airlines aren't allowed to fly over russia, which means that you're flying to san francisco and then one of the things that i think will come out of the raimondo visit is, an increase in the number of flights that you -- went from about 150 flights a week, down to a dozen. i think the more that the people -- the two sides are talking meeshgts with one another, the more that you'll see things stabilize. >> hard for you to get on the ground in china? >> very difficult. >> thank you appreciate it. >>> as we head to break, check out the biggest gainer

to china as an investable gina raimondo was speaking during a visit to beijing, aimed at increasing strange relations between the world's 2 biggest economy. she says us firms might cease operating in china without prompt action to improve the business environment. the 2 countries are engaged in a trade dispute, this seeing that employees restrictions on each of us exports as well. let's get more on this from correspondence and ty paid. so some hon. i asked him why us businesses might now consider china unimed investable. that is mainly because it has become highly risky for the u. s. companies to invest in china, especially after basing revised a lot earlier this year to counter spite activities. a many for in business now afraid of being targeted by the chinese government says updated definition of espionage is very vague. and also paging recently rated several consultants. the companies from the us detaining local staffing and imposing heavy 5. this prompt for income companies to we consider whether it is a wise decision to do business in china. but the chinese embassy in washington has t

let's start in china where us commerce secretary gina raimondo has been discussing concerns about restrictionsn american businesses, including the chip makers intel and micron. she is on a 3—day visit to china where she is meeting with officials and business leaders in an attempt to thaw the economic relationship between the two countries. here's katie silver. gina raimondo and her visit is the latest in a series of top american diplomats who have recently visited china including janet yellen secretary of state antony blinken and us climate on oyoo john kerry. all in the last three months, despite all of these meetings, relations between the world's two largest economies are at their most tense for years. last august the us passed the chipset aimed at growing the domestic chip making business and blocking the chinese industry, beijing has responded in turn including restricting exports of gaily to the us to ingredients and making chips and outcomes in the week exports controls kick in the netherlands preventing one the biggest makers of chip equipment exporting without a license, something chi

that's how american businesses are describing its according to commerce, secretary gina raimondo will look into the claim making classrooms guns say, hey, how schools in the us funding? tens of thousands of dollars on public proof is the state of your business on robots invalid, and welcome to the program us columbus, columbus secretary, as well into that. some of us businesses now view china as an investable gina raimondo with speak, enjoying a visits to beijing. and asking for things strange relations between the wells, 2 biggest economy, she says us firms might cease operating and china without prompt action to improve the business environment. the 2 countries are engaged in a trade dispute. this, seeing that employees restrictions on each of his exports as well. let's get more on this from correspondence and type hates of some hon. i asked him why us businesses might now consider china investable. that is mainly because it has become highly risky for the u. s. companies to invest in china, especially after basing revised a lot earlier this year to counter spite activities. a many

gina raimondo says it is important that u.s.nd china reestablish ties as she kicks off three days of talks with officials. she warns the u.s. will not compromise on matters of u.s. security. washington tightened rules on businesses in china. what a busy morning for china news, joumanna. to my mind from the market, the real standout piece of news is the halving of the stamp duty on trading. this is a clear effort from authorities to bring investment back to the country. the view is that it is a piecemeal measure not necessarily to offset the property market. >> if you look at the measures announced the last couple weeks, one take away is the hurdle is high for them to come out with a massive extraordinary stimulus. what they have come out with is little measures here and there to shore up sentiment and alleviate the problems in the property stekector. they are short of coming out with a massive big bang solution to what is going on here. i think we will have to see how the data evolves and if there is more contag tagion from the

gina raimondo was speaking in beijing, the fourth official to visit since june. bring in stephen engle who has been covering this visit. what stood out to you? the right things are being said at this went. >> right now the right things are being said but keep in mind rolando as commerce secretary has been an architect in the biden administration on x work controls to china. and again, it's been one year since jake sullivan, national security advisor, called these controls a new teaching asset and that the united states needs to maintain as large of a lead as possible in foundational technologies like logic and memory chips and the like. rolando has been onboard essentially and that has created political differences no doubt between china in the united states. the message seems to be shifting a little bit from the biden administration as this is the fourth essentially cabinet level minister or secretary from the united states that included jake sullivan and janet yellen john kerry and gina raimondo to go to beijing since june 2 kind of repair the relationship and

raimondo said it was profoundly important to have stable ties but the trade centre says it is unclearhat beijing's position should be doing this visit. from the chinese perspective it is unclear what exactly they expect to do and what it is that they should be delivering or how they might orient themselves differently that would satisfy american demand and from a us perspective they want to make sure that the chinese understand us concerns, understand where the parameters on policy are and i think the big challenge is, for everyone else, where are those parameters, where is defence stop and is that where it will ultimately land and does keep growing taller. for the rest of us in asia that is a very important question. b5 us in asia that is a very important question. as you mentioned _ important question. as you mentioned she _ important question. as you mentioned she is _ important question. as you mentioned she is the - important question. as you | mentioned she is the fourth high—level official to visit china but i want to ask you why the secretary of commerce not a trade representa

and a staggering 382.3 billion last year i gina raimondo or bret stephens or anyone in the d.c.. actually, i think they would be happier if we had a bigger trade deficit with china. euphoric cheaper stuff that we can buy here, right? of course, this means china will get even richer and be able to buy even more weapons and threaten more people, no more what happens, the answer from the establishment is always the same, we need more engagement with china. is china booming? we should have more engagement with china? we share a responsibility, show that china and the united states can manage their differences and find ways to work together on urgent global issues. the united states stands ready to do just that work with you if that's what your desire. >> laura: economically? let's do ccp level propaganda and encourage americans to invest in china because that's what raimondo was doing with their women executive meeting today. and is china supporting russia and ukraine? of course china is supporting russia in ukraine. that's no big deal. >> we have been very clear about ukraine, as l

commerce secretary gino raimondo made the remarks.ightened tensions between china and the u.s. as china faces mounting economic challenges ranging from a real estate crisis to slumping exports. cnn christy joins us live from hong kong. what more can you tell us about this critical moment for the world's top two economies. and what this visit is expected to cover >> secretary raimondo visit underway, it's day two of her four-day visit to china. earlier today, she met with the chinese commerce secretary, her chinese counterfeit after the meeting, she said stable meetings between u.s. and china are quote proudly important. also added the two country share 700 billion dollars in annual trade. raimondo also said she would not compromise on matters related to national security during this visit. a message we heard earlier from the u.s. treasury seetary when she visited. as for the chinese side, we heard from the commerce secretary of china, i'm ready to work with you to foster a policy to bolster bilateral trade and investment in a stable a

national interest but gina raimondo and all are against decoupling.on china policy, it's whether it's a c compromised and corrupted china policy based upon dealings with senior most leaders, led by the president's family itself. maria: that's exactly right. we've gotten more information just in the last couple of days from former ukraine prosecutor viktor shokin, he spoke with fox news about the 2016 firing when he got fired because he was investigating burisma. he detailed the corruption within the company and how the biden family was involved. listen to what viktor shokin told brian kilmeade. watch. >> i have no doubt that there were illegal activities engaged in my burisma. the criminal case had been started before me, the founder and ceo of burisma, started bringing in people who could provide protection for him. hunter biden was among them and the corruption network expanded as a result. maria: he was very clear, ben. he said joe biden took a bribe. >> yeah, he did. and he also claims that his wife life -- he had attempts on his life multiple tim

let's start in china where us commerce secretary gina raimondo has been meeting premier li qiang at auple from china — and said they should cooperate on areas of global concern, including climate change, artificial intelligence and the illicit fentanyl trade. premier li told raimondo that us—china trade is �*ballast stone and stabilising anchor�* in relations. here's katie silver.

but gina raimondo said she didn't want washington to cut links with the chinese economy.prove relations. meanwhile, there ae mounting concerns about the chinese property sector. but gina raimondo said she didn't want washington to cut links with the chinese economy. she is on a four—day trip to china to try to improve relations. the day before more than two billion dollars was wiped off evergrandes market value when it resumed trading for the first time in almost 18 months. now, another property developer, country garden, is causing concern, it was meant to post results today but failed to do so. here's our asia business reporter monica miller. it's china's largest property developer by sale volumes, at least until this year. but like so many chinese real estate businesses, it has been hurt by weak property sales. i mean, this is what you have to take into consideration — the value of homes themselves have plunged as the world's second largest economy starts to cool off. that means lower sales, coupled with tighter access to money in recent years, has caused a tight cash

cooperation is a key part of secretary gina raimondo's visit. she is making it a point to reiterate there is no room for compromise or negotiation on matters of national security. that includes cybersecurity, where the federal government is now warning of a hidden threat to america's infrastructure. >> that's right, john. american officials are scrambling to make sure potential weaknesses in the software used to operate american and for tructure of not been penetrated by chinese and russian hostile actors. their focus in on the threat to so-called open source software, developed by hobbyists and others and put in the public domain, software companies are using structure systems use large chunks of open source code in their programs. the fear is hackers could be developing this code, releasing it to the public, which cedes vulnerabilities in the open world. on august 10th, the cybersecurity and for structure and infant security agency asked of the open source community for ideas on how to secure the code. a government official told cnbc that they

maria: gina raimondo same decoupling is not in the u.s. economic or national security goals.ert lighthizer yesterday about the very topic and here's what he said. >> and we have to have a phased-in clear policy of strategic decoupling. we have to disentangle our technologies and future technology is not dependent. our defense industry is dependent on china and the third part of strategic decoupling has to go outgoing and ingoing investment. it can only be in situations where it helps the united states. this is the capital market but also the individual investors. we should have a clear policy where they invest in our interest. maria: joining the atlas organization founder and the author of the latest book, the decisive decade a must read, jonjonathan d.t. word back with. i know you agree with robert lighthizer in terms of decoupling. you heard what gina raimondo said no decoupling, what do you see that this administration may not be seen? >> i think you starting to see a divergence in views on what to do in china there is a lot of consensus on the china challenge and threat,

let's start in china where us commerce secretary gina raimondo has been meeting premier li qiang at aeeting in beijing — hoping to thaw the economic relationship between the two countries. raimondo said america does not want to decouple from china — and said they should cooperate on areas of global concern, including climate change, artificial intelligence and the illicit fentanyl trade. premier li told raimondo that us—china trade is �*ballast stone and stabilising anchor�* in relations. here's katie silver. the united states feel threatened as they were our allies and we view the export of chips in to the development of an advanced chip industry in china as threatening. so the export controls too. at the same time, the administration has been sending signals to american business about the consequences of investing in china. this notion of them going over there and saying that we want to continue the relationship is very conflicting and ambiguous. to give you an idea, since before donald trump became an president, china's share of us import is down by 25%. in the first six months of

>> when mondo -- raimondo sits at the nexus of this china-u.s. relationship emma because her department deals with both trade promotion, promoting business, international business and trade restrictions, so that connection with some very real world issues in a way that perhaps -- this is no criticism or aspersion on them, but perhaps top officials like antony blinken or treasury secretary yellen are not in quite the same way. she also serves at the intersection of the broader trends that you talked about or hinted at, which is the competition between the u.s. and china, where china has been extremely critical of restrictions taken by the u.s. and its allies while the chinese economy is slowing, and all of this contains or bears risk for the global economy at large. so if you frame it that way, the stakes are actually quite high. shery: you mentioned secretary blinken, secretary yellen's visit, and we had the climate envoy john kerry eating the chinese policymakers, but they came back sort of empty-handed. what will be the measure of tangible prog

commerce secretary gina raimondo says the u.s. and china are taking new steps to ease their economic tension for communication. >> the government to government level business to business level is critical to helping to resolve those challenges. following a 4 hour meeting with china's commerce minister monday, the 2 agreed to create a working group to talk through ongoing disputes. topping the list, the future of semiconductor exports and getting the chinese government to pull back from attacks on u.s.. businesses in china have made huge progress just today. rimando is now the latest top biden administration official to travel to china. how should the american public purse seen this type of dialogue? well, i hope they perceived we were talking and now we are. bill writes, help guide u.s. trade relations with china. under president clinton hopeful this will be a return to a period where we least a relationship or were we to talk to each other and complain? honestly, but things that were going he says, well, communication is a good s

host: they wrapped up of secretary raimondo's trip.oth sides, one word hung over secretary raimondo's four-day trip. uninvestable. speaking to reporters after her second day of meeting, raimondo said tuesday night that american businesses have complained to her that china has create hand evermore difficult in unnervousable because it's -- uninvestable because it's become too risky. >> has spoken the -- guest: she has spoken the truth. for a long time, america has been bamboozled by the chinese reality and they have cut all the type of sharing with the international community. and china has cracked down on americans -- in firms in china. so basically, china is a very uninvestable environment that's why you see this dramatic exodus of american and the european companies. what remain in china actually is just a few very big ones. so i think that she is talking about the chinese reality. but there's many reasons over there. she didn't go into the depth about why this environment has become uninvestable. host: the headline of a column, the

secretary raimondo: a year of arbitrary decisions, lack of due process.ens of millions of dollars in fines for reasons that are not clear. my point is that actions speak louder than words. as long as that is happening on the ground, that makes it very risky for u.s. businesses to shery: do business here. shery:for more let's bring in bloomberg's -- international economics reporter eric martin. there were higher expectations going into the visit and there were for other u.s. officials. what has this achieved? eric: absolutely. this visit has in a way reset communication, at least. reopening the communication between the commerce department and the chinese communist party government in beijing. it is really important. the trade channel had traditionally been open. we had seen a lot of interaction. traded delegations, trade promotion by the commerce department helping to promote the sale of u.s. produced goods in things that do not endanger u.s. national security, cosmetics being one. different consumer products. this is an important part of the commerce sec

secretary gina raimondo joins us now first on cnbc. mad tam secretary, good to have you. thank you for having me. >> everybody is coming out and commending your visit. we're hearing from the chamber of commerce, from the travel association, american airlines, mgm resorts, everyone is encouraged you're talking. do you expect to see results as a result of the dialog you just had? >> well, i certainly hope so. you need to put it in context. i'm the first commerce secretary to be on the ground in china in more than five years, so the lack of contact and discussion has certainly not been helpful to solve problems. i was very clear with my chinese counterparts that, you know, action speaks louder than words and although some of their recent, you know, rhetoric and their 24-point plan has been positive, we need to see action because right now it's getting tougher to do business in china, not easier, and i'm hopeful, privately, i was able to be a bit tougher in my conversations, and i was very clear, u.s. business wants to do business there, but they need a predictable transparen

gina raimondo says u.s.sses are seeing china become on investable because it is getting too risky there, so where does that leave her potential meeting with president xi? >> well, lizzy, i want to maybe manage expectations on this potential xi visit. this is gina raimondo's last day in china. she has already left beijing for shanghai and we have not heard any word on whether she is actually meeting with the president. she has held talks with not just her counterpart in china, but with some other major leaders, including the premier, li qiang. she has at least made some outreach efforts and has been able to meet with some major leaders. what gina raimondo is saying, what u.s. businesses are expressing in china is not entirely new right. we had a survey from the american chamber of commerce in china earlier this year talking about how for the first time in i think 25 years or so. china now was no longer seen as one of the top three sources of u.s. companies working in china. sentiment has been pretty weak for

sell wares to 1.4 billion people we are going to do it doesn't it start to at stop you have gina raimondopodium in became saying things got to change i am sure chinese shaking in boots after that speech, meantime, meta just announced it shut down what is called largest known only covert influence operation in the world meta announced removed more than 7700 facebook instagram accounts linked to chinese law enforcement the campaign aimed at advancing chooiven's interest discrediting adversaries impacted more than 50 acts dating back to 2019 how come not seeing response from the administration, does this not stop at does this not start at the top? >> it does. but biden, is trying to rerevives engagement with china as core pillar of strangle despite approach having failed over two decades perhaps to cool temperatures,going into the election, doesn't want to see economic downturn or certainly doesn't -- constantly afraid of provoking chinese communist party, forgetting that marxist lenÍn regimes few concessions appeasement get more gross we need to maintain convention military pressure on them

gina raimondo tells us what the biden administration really wants to get out of china.ghthizer and robert o'brien are here next to tell us what our policy should be. don't move. ♪ to duckduckgo on all your devie duckduckgo comes with a built n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch, it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. ♪ >> i spoke with president biden to, you know, obviously hear his direction. and what he said in that call, which is what he has said time and time again, is that we, you know, the chinese people deserve a good economy and prosperity. we have no interest to hold china down, to hold china back, to hold the people down. >> brian: and no interest in strategic decoupling. well, what about us? don't americans deserve a good economy in the biden administrat

something raimondo to nice. we're not targeting china, we're targeting certain behavior. the chinese government is defending, it's treating us the saying it's working to improve market access, the 70000 that operate here. expectations for this visit that the opening of new communication channels is seen as a business and a positive step to stabilize ties. and it support another step towards a meeting between president sto biden and student team at the apex summit. later this year. katrina you all to 0 staging indigenous leaders and activists and brazil, calling from nationwide protests because of prior to the way of life. supreme court judges are about to make a ruling that may limit the rights to one's extra lands. and as monica again ikea reports from may, i just never politicians are debasing legislation to allow looking and foaming and protected territories. indigenous people across brazil when it's more facing threats to their survival for 2 years they've been urging the supreme court to take action and confirmed their rights. twin sister, lance, tribal leaders warni

but still gina raimondo has that there are some things off limits for discussion. and that concludes anything in bolding, national security. so that is also a big elephant in the room and that will be continued to be present. a button has reacted to the shooting of 3 black people in florida by saying white supremacy has no place in the united states. police say the attack in jacksonville was racially motivated. how did you to construct a pull? so from washington dc, the the youngest victim was 19 and other was 29. the eldest was 52. all 3 were at the stuart, just like any normal saturday. all 3 were black. they will try to sterilize what happening and blame mental health issues. more racism is not a mental health issue. the community of jacksonville florida read the loss and multiple vigils on sunday. one was held at a historically black university, one kilometer from the shooting scene. policing the shooter 21 year old ryan palmetto or had driven to the university 1st. they say he stopped at a parking lot or he dawned a bullet proof, vest mask, and rubber gloves.