fresh round of us china trade negotiations i'm joined by richard mcgregor senior fellow at the institute in a sydney good to have you with us and i understand that you know the political scene in china very well you've written a book about chinese premier pain and the tone between the 2 sides is not exactly friendly these days what's at stake for she and his leadership. well i think she and the rest of the chinese leadership have come to conclusion that it's not really worth they go sharing their earnestly with donald trump because they realize if they make any concessions they make a deal it we back to something more a couple of weeks later so i think. a much sterner approach a much stricter approach remarks tougher approach to negotiations now got a bottom line which they're very clear about they're not going to give any concessions to the u.s. unless the u.s. removes all tariffs so i think all in all see jim ping is realize that he can't give too much away to donald trump because it would hurt him but. so what exactly is china's negotiating tragic strategy because a prolonged trade wa

we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were about i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're really settling in for a long term battle turkish finance minister bet on by iraq says he expects schopper interest rate cuts from the central bank claim such moves will bring down inflation many investors worry about the independence of turkey central bank finance minister is the son in law or of president branch of thai a better one who's pushed for lower interest rates to jumpstart the economy alice say lowering interest rates to fight inflation makes little sense the turkish lira weaken slightly after about ox comments. by

we spoke to an expert on china richard mcgregor and i asked him how likely it is that china will back down i think they're settling in now for a long trade war they're not nearly as exposed to the u.s. as the market as they once were they're not nearly as reliant on export exports as they once were about i think china is hurting it's chinese private companies which the export isn't hurting most china sort of premier technology companies are way is also under a lot of pressure but i don't think china thinks it will get much even way away to the u.s. so they're really settling in for a long term battle. finally investors looking to get a hoof into the rising global demand for beef and get a piece of the action thanks to a south african i am told my phone bill you have allows businesses to buy shares in a cow starting at $576.00 randall $36.00 and pays out between 5 and 14 percent interest once the animal is so the slaughter project was started 4 years ago and now includes a good 2000 animal. i said business with. my 1st boss was the sawing machine. where i come from women are almost by