shirley yu?it is important for us to identify does the us really want to de—globalise the us really want to de—globalise the world today? they have been a lot of criticisms about the us in that fashion. i personally don't think so. i think the us wants a decent —sized world, they want to remove china out of certain key components of its global value chain, but certainly the nus has no capacity and it would be totally unrealistic to think that the us is going to produce everything, i'm sure. so the us is going to look for other emerging markets that looks and feels just like what china used to be and to recalibrate this global supply chain and so the us is going to move further down into the other emerging markets to recalibrate, but at the same time i don't want to think that this is a unilateral action because china is moving supply chains closer to home as well. thank you very much. do you wa nt to well. thank you very much. do you want to respond to what you have heard are to panellist say? no

shirley yu., last week we heard the news that china just announced it is going to build its first chip university. this university is going to do nothing, the curriculum is going to be centred around the ict industry and not only that it is going to work closely with huawei's chip maker to bridge this gap between education and the commercialisation, so china is basically saying, the us can ban selling chips and equipment to china, but now i am going to attract the best and the brightest of global talent, the professors, the professionals from the industry to teach in china, so as long as china has the brain capacity, it is only a matter of time that china is going to have the products, so this fundamental competition, economically speaking, between china and the us is going to be centred on technology, but the core of technological competition is on talent. what does this mean for countries vying for the best brains? because we know that the united states does attract the brightest and the best f

us.i: shirley yu with we have some breaking news again.ng kong exchange listing approval monday, according to the ifr. we really heard they had won approval from's china securities for a hong kong listing after a delay because of a conflict of interest. we know the hong kong hearing when it comes to that panel of external professionals that needs to happen before its hong kong listing takes place is still yet to be held. group -- plenty more to come on daybreak asia. this is bloomberg. ♪ is bloomberg. ♪ kathleen: u.k. business is being urged to ramp up deals with a no deal brexit. the government told eu officials not to bother coming to london to continue negotiations, but also says the door remains ajar. schneidern this, jodi joins us from hong kong. what is boris johnson's next move? is this posturing or what? jodi: looks like it may be some posturing, maybe a game of chicken. as you note, negotiations have indeed stalled, some would say broken down. the prime minister announced friday he will focus now on preparations to leave the eu si