and what we've seen in the south china sea is continued militarization of land speeches in the south trying to see we've seen china continuing its encroachments into the exclusive economic zones of coastal states. we've also seen china and hundreds at times of vessels to surround features that are occupied or administered by other countries in the region. now, just briefly, if you could, relations between australia and china haven't been great in recent years to say the least. there's a new government in camera now. could this be a turning point? deputy prime minister of australia and defense minister of australia rigid miles spoke out the shine village. i love. i think his words were very well chosen down. they were of a moderate tone. but at the end of the day, australia is going to be taking a principal approach, and it's not going to be allowing china to exercise economic coersion against it as we've seen china exists in the past. and so i'm not sure that we are likely to see improvements or relations between australia and china. if our china continues with actions that are proble

specifically the south china sea. that issue has been discussed at length over the coals that this security summit here in singapore. he made a note saying that china has very good relations with countries in the region specifically on countries. and he urged countries in the region to work together to prevent those outside the region from making the south china sea troubled waters. that, of course, a strike against the us. he also told directly about us china relations and said that it is a mistake for the us to continue to regard china as an adversary or, or even an animal to use the phrase at the word fully a lot throughout his speech and remarks that china is not a bully and use the words that we are all clear who the bully is. he said that china with development out. it was a speech that, of course, contained some forceful language directly, mostly after he left, but also took her time to speak in a positive tone about china engagement in the region cicily with se, asia and countries around his south trying to see

also in the south china sea and the east china sea, where there is a danger that the military brinkman ship between the air force is a navies of china. the united states and the u. s. allies could get out of control . and that's what lloyd austin, the u. s. defense secretary was referring to on saturday when he spoke of the need to improve communication between these 2 sides to prevent things spiraling out of control. now the message to the overriding theme of this conference has been china's desire to warn the united states the time for containing china is over. that period has passed. what really rankles china? i think most of all right now is the security block that the united states wants to form with india, japan and australia, and the defense minister from china on sunday accused the u. s. of trying to hijack countries in the region. his message is simply this, you cannot trust united states, look at the calamitous withdrawal of us forces from afghanistan. and it's true that what happened that afghanistan did give a number of leaders in asia. pause for thought under the marches,

his surveillance planes was cut off by a chinese fighter jet in international airspace over the south chinal be watching those defense contractors in australia. also coming up, china pmi data, we talked through the risks of china's ambitious growth target. china rolling out stingless plans in an effort to boost the nation's economy. we speak to bnp paribas equity management. the market opens are almost upon us. this is bloomberg. ♪ another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ >> we are counting down to asia's major market open. oil prices continue to gain in the asian session. this after saudi arabia raised prices for the region. we are seeing the rebound in asian economi

i'd like to ask you about the south china sea, which i understand is one of your areas of expertise and they genes disputed claims . china has called for quote, turning the south china sea into a sea of peace, friendship and co operation. do you think this signifies any kind of a different approach from beijing? right now, what the problem is isn't what china says, it's what china does. and what we've seen in the south trying to see is continued militarization of land speeches in the south trying to see what we've seen on china continuing its encroachments into the exclusive economic zone is of coastal states . we've also seen china sent hundreds at times of vessels to surround features that are occupied or administered by at the countries in the region. now, just briefly, if you could, relations between australia and china hasn't been great in recent years to say the least. there's a new government in camber now. could this be a turning point? the deputy prime minister of australia and defense minister of australia, richard miles spoke at the shop village. i love, i think his words wer

clear in his speech that china will fight if necessary on all the contentious matters, such as the south china sea, which has been discussed at length during the course of these 3 days. security summit, he made the point that china actually has very positive relationships with other young countries. and while talking about the south china sea, he also appeared to take a swipe at the us, noting that countries within the asia pacific countries that actually have a stake in the south china sea must work together to prevent countries outside the region from turning into troubled waters throughout the speech multiple swipes as the u. s. he did make a note specifically about china us relations, noting that it is a mistake for the us to continue to regard china as a threat, an adversary or even an enemy. and at china is open to dialogue, so long as those taking place at a place of mutual respect. throughout his speech while talking about many contented issues that have been discussed here at the shangri la dialogue in singapore, he made the point that china is not a bully used the was that i think we

they denied allegations a chinese jet intercepted and australian surveillance aircraft over the south china sea. australia says the chinese aircraft flew in a dangerous manner but beijing said that is unreasonable. nasa will launch three rockets in june and july from australia's northern territory. it's the first time the space agency has used a commercial pad outside the u.s. in its more than 50 year history. it is privately run by -- the prime minister says it would be the first nasa launch from australia since 1995. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. shery: coming up, or exclusive interview with the ceo of morgan stanley australia as the bank holds its summit in sydney. we will discuss the new direction under the government and why aussie equities are becoming the furred destination for wall street strategist. just ahead, bond yields sore as rates are raised by 50%. this is bloomberg. ♪ haidi: more than 50 central banks around the world, including th

being taken by its military, not just in the area of taiwan, but also in the south china sea and the east china sea. and the big worry is this is that the military brinkman ship could one day, spiral out of control. feagins defense minister has told the summit that the regions biggest security threat is not conflict, but climate change. pacific islands are seen as some of the most vulnerable in the world to changing weather patterns. it v g. we are not threatened by geopolitical competition. in our blue perceive it continent, machine, guns, fighter jets, gray ships and boom battalions, not our primary security concern. the single greatest threat. glo, very existence is climate change. it the sentence where he hopes and dreams of prosperity. human induced, devastating climate change, sri lanka, prime minister says he may have to burn, buy more oil from russia to ease fuel shortages. that's the spider pushed by western leaders to block russia as energy exports. in the aftermath of the ukraine war, there been months of protest calling for the government to resign. us through lanka, faces

also naval maneuvers being taken by its military, not just in the area of taiwan, but also in the south china sea and the east china sea. and the big worry is this is that the military brinkman ship could one day, spiral out of control. all right, thank you so much. adrian brown, reporting from hong kong or fiji defense minister has told the summit that the regions biggest security threat is not conflict, but climate change as civic islands are seen as some of the most vulnerable in the world to changing weather patterns. in v g, we are not threatened by your political competition. in our blue pacific continent, machine guns, fighter jets, gray ships and boom battalions, not our primary security concern. the single greatest threat, glo, very existence is climate change. it the sentence where the hopes and dreams of prosperity, human induced, devastating climate change poles of opened in france in the 1st round of parliamentary elections, presidency. monterey microns coalition currently holds the majority of seats in the assembly. and now he's facing a challenge from a left wing block nearly 2

supports it at the same time putin has always supported xi's efforts to take taiwan and control the south china sea. it's a never-before -seen wake-up call russian forces may be conducting drills in nicaragua russia is now full of worries in ukraine but what does that mean? this means that a country in south america wants to let others countries come here to conduct exercises, what about china, what about other countries that pose a real threat to the united states. if not caragua, say russians. yes, they can say, yes, and the chinese in the first years from the founding of our country adopted the monroe doctrine, which the united states insists that no foreign country, at that time it was about europeans, have the right to be absent from south america and because of this and the caribbean crisis happened. by the way, if not our friend, then it is acceptable. quite a partner already in

south china sea have continued. these include number one, arm chinese encroachments upon the exclusive economic zones of various coastal states. the defense chiefs met on the sidelines of the shangri la dialogue. the most significant security summit in the region. organizers say the importance of the 3 day conference is mostly about what happens behind closed doors. if you're one of the more than 2 dozen defense ministers that come to the shangri la dialogue, you're coming not just to speak, but in order to have a range of bilateral meetings. secretary austin also met with defense officials from southeast asia as the u. s. seeks to reassure countries of its commitment to the region, while beijing's influence continues to rise. china's engagement on the economic front has been sustained, not just john in the last year or 2, but it's been sustained over decades. and in terms of its trade engagement with the region, while most of the world's attention will be on the u. s. and china for the countries in the region. the

sea, challenging china's claims to those waters in the south china sea over freedom of navigation. but sources say increasingly beijing is making it a key talking points, warning the united states not to sail through the taiwan strait as it is seen as provocative. china views the taiwan strait as part of their exclusive economic zone. again, as you mentioned, the minister said that beijing would fight to the end if taiwan backed by the united states made any move towards independence. shery: stephen engle there with all those geopolitical tensions in the region. let's get over to vonnie quinn for the first word headlines. vonnie: staying at the shame log dialogues, where australia's defense minister says his country needs to prioritize relations with certain island nations' woes. this counterpart is in singapore, ending a two-year diplomatic phrase. canberra continues to support the one china policy. >> we have made clear that our respect of taiwan and china has not changed. we have a one china policy. we do not support taiwanese independence. we don't support any unilateral action

they did that in the south china sea. now they own it. it's. there's, they're not going to give it back, they're not going to negotiate. and taiwan doesn't have the military capable to do that to help even so if it's going to be a us, china fight for an island, the united states doesn't really recognize as a country. there's a big problem there. fiji defense minister has for the summit that the regions vegas security threat is not conflict, but rather climate change. pacific islands are seen some of the most vulnerable in the world to changing weather patterns. in fiji, we are not threatened by your political competition. in our blue pacific continent, machine guns, fighter jets, gray ships and burn battalions. not our primary security concern. the single greatest threat. glo, very existence is climate change. it the sentence where the hopes and dreams of prosperity, human induced, devastating climate change. sure, lanka is limiting the amount of fuel people can bi weekly. it planned to impose quote us to deal with a severe shortage. but the en

. >>> the philippines has terminated talks with china over joint oil and gas exploration in the south china. the country's foreign secretary cited concerns the project could undermine the nation's sovereignty. outgoing president rodrigo duterte signed a memorandum with chinese president xi jinping in 2018 on joint exploration. china later proposed a project in the philippines exclusive economic zone. one condition set by beijing was to put aside an arbitration ruling that rejected china's claim over most of the south china sea, but the two countries could not resolve territorial claims in the waters. the foreign secretary said that president duterte ordered the complete termination of the discussions. >> three years on and we have not achieved our objective of developing oil and gas resources so critical for the philippines. but not at the price of sovereignty. not even a particle of it. >> the foreign secretary also called on the incoming philippine administration to protect the country's sovereignty. the president-elect is set to take office on thursday. >>> separately, the philippines ap

an acceptance of all countries in the region of its claims in the south china sea. cs the most effective approach here from countries like australia and other u.s. allies in terms of countering the risk from china? i thought it was interesting that with the visit from the chinese prime minister, we saw specific island nations showing some doubt and reluctance as to what beijing was proposing. victor: absolutely. the key approach that a lot of like-minded nations will be taking is to be reinforcing the military and diplomatic links between each other and also a focus on foreign aid. very much, china takes a trade first approach. it has an enormous checkbook. it is wonderful that countries like australia have good relations with other states in the region, but money talks, and we nations also have to be able to have that checkbook to be able to counter that influence. so you will see a focus on forming military links with the u.s. and each other, but also a focus on producing financial support the way a prosperous region does in that way, to help keep china out. shery

you know, there's a parade of navy ships, crews, aircraft through the taiwan strait and south china seany chinese military ships in cuba or in hawaii or anywhere, but we see that paraded in front of china on a rapid basis. and then, there's a violation of the taiwan communique between china and the us government. and actually... well... ..there�*s more official contact, so china was basically responding, was pushed into the position. but china has said very correctly china will have to defend itself for independence... ..for its sovereignty and territorial integrity. if taiwan gets independence, china will absolutely... there's an anti—secession act passed by the national people's congress. china will actually defend itself, absolutely. crosstalk. be explicit... yeah, be explicit with me. i'm just wondering, with your actions in taiwan, particularly some of the flight paths of your military aircraft, with your actions in, for example, the solomon islands, where you've signed a security pact, obviously, in an island nation right in the pacific ocean, some of your other actions, for examp

in the south china sea region, the intercept resulted in a dangerous maneuver which did pause the safety threat to the p, a craft and its crew. the strategy in government has raised at concerns about the incident. hundreds of israeli settlers stormed the alex, most compound adorn, under the protection of israeli forces in cash lead to confrontations with palestinian worshippers. it's wholly violence last week during israeli flag de marches in the midst. of course of all the parties, joycelyn, multry, nationalists, israelis, charles had racist less and forth with palestinians. meanwhile, i'll just their immediate network continue to demand a rapid, independent and transparent investigation. is the killing of it's janice and milky pied westbank, serene elbow actually was shot in the head by rally forces while she was on assignment in janine, on the day of her funeral is ready for the storm the procession and starts beating mourners, causing pull barriers to nearly drop her coffin. it didn't stop thousands of palestinians from marching through occupied east jerusalem to take part in her fun

taiwan and the south china sea are likely to be on the agenda. the south pacific region will also likely be discussed. both united states and china have been stepping up their engagement there. participants will likely take up the invasion of ukraine as well as north korea, which has recently launched a series of ballistic missiles. ukrainian president volodymyr zelenskyy is scheduled to give an online address on saturday. >>> y >>> now, to eastern ukraine where two british citizens and a moroccan captured by pro-russian forces have been sentenced to death. they were accused of illegally fighting on behalf of ukraine's government as mercenaries. russia's news agencyays the two british nationals were captured in mariupol in the donetsk region in mid april. the moroccan was caught in donetsk back in march. >> they were judging the circumstances in which i helped the situation, all because i surrendered to the donetsk people's republic. >> the court is not internationally recognized. ukraine and western governments have condemned the decision. in a t

the theaters that we've spoken about with taiwan and with southeast asian and -- sorry, with the south china sea and the east china see remain -- china sea remains so significant. eight, the continental periphery, belt and road initiative, to give china better strategic depth all the way to europe and turn that into a theater of economic opportunity and, therefore, ultimate foreign policy complies with the interest of the chinese system. nine, the r -- r.o.w., the rest of the world. africa, latin america and the rest of asia and, hence, why the belt and road initiative again, but china's new posture many terms of international development assistance is seen as enhancing china's ultimate global numbers, if you like. which brings us to ten which is changing the rules of the international system itself. in i a manner more compatible, s we discussed before, with chinese authoritarian values. and chinese national interests. but through the institutions of global governance where china then through its economic diplomacy has much greater levels of diplomatic support and individual votes in the uni

south china sea have continued. these include number one ah, chinese encroachments upon the excuse of economic zones of various coastal states. the defense chiefs met on the sidelines of the shangri la dialogue. most significant security summit in the region. organizers say the importance of the 3 day conference is mostly about what happens behind closed doors. if you're one of the more than 2 dozen defense ministers that come to the shangri la dialogue, you're coming not just to speak, but in order to have a range of bilateral meetings. secretary austin also met with defense officials from southeast asia as the us seeks to reassure countries of its commitment to the region. while beijing's influence continues to rise. chinese engagement on the economic france, it has been sustained, not just john, in the last year or 2, but it's been sustained over decades. and in terms of its trade engagement with the region, while most of the world's attention will be on the u. s. and china, for of the countries in the region. th

clear in his speech that china will fight if necessary on all the contentious matters, such as the south china sea, which has been discussed at length during the course of the 3 day security summit. he made the point that the china actually has very positive relationships with ozzy on countries. and while talking about the south china sea, he also appeared to take a swipe at the us, noting that countries within the asia pacific countries that actually have a state in the south china sea must work together to prevent countries outside the region from turning into troubled waters falls across funds have just opened for the 1st round of voting in the legislative elections. 48000000 citizens are eligible to vote for the 577 members of the national assembly that india hundreds of marches had been taking place across the united states, calling for stricter gun laws that were organized after a speed of shootings including last month and texas were 19 school children and 2 teachers were killed. i'm here because i don't want anybody to live this nightmare a more no matter your politics. no one should.

the minister also talked about all the content of issues such as the south china sea. he did, he raised to that he himself and his counterparts in oregon have successfully been able to manage these issues. and that freedom of navigation is in fact not under threat, as the u. s. minister said yesterday in his address, he also added when talking about the south china sea, that it is important that countries that are actually in the region should prevent countries that are outside the region from turning these waters into traveled, sees. so throughout the speech, really a message that the asian region is for asia to manage and that the us should really not meddle in its affairs. china also to route the chinese minister also throughout the speech, accused washington of attempting to bully china. that was something that he alluded to many times throughout the speech. he also stressed that beijing would never fully all the countries in the region. and he really stressed that that is the point of difference between washington and beijing's approach. fidget, defense minister h

in the south china sea region, the intercept resulted in a dangerous maneuver which did pause the safety threat to the p 8 aircraft and it crew. the strategy in government has raised at concerns about the incident. still had an al jazeera, 11000 kilometers from chief, while the world's biggest exports of a grain is under threats from the war in ukraine and cleaning up everest. we're going to tell you about our campaign to improve conditions of the world's highest mountain. ah ah hello there, it's all about the heat across northern areas of south asia in particular for northern areas of india, places like new delhi, sing hot and dry conditions, dangerous heat here and it is going to continue as we go into the new weak temperatures, edging up into the early forty's, across northern areas, but for pakistan you can see the whole coming in 46 degrees. it's going to be on the up this week. lots of hot and dry conditions with just a light wind. but some relief we have to head further south, we got the southwest monsoon, bringing some heavy arrange the likes of carola as well as sri lanka, some

taiwan and with southeast asian, sorry with the south china sea and the east china sea remains so significant 8 the continental periphery belton road initiative to give china greatest strategic depth all the way to europe and turn that into a theater of economic opportunity and therefore ultimate foreign policy compliance with the interests of the chinese system. 9 the row the rest of the world china is the traditional champion of the g77 in both africa and latin america and the rest of asia and hence why the belton road initiative again, but china's new posture in terms of international development assistance is seen as enhancing china's ultimate global numbers if you like which brings us to 10, which is changing the rules of the international system itself in a manner more compatible as we discussed before with chinese authoritarian values and and chinese national interests, but through the institutions of global governance. which china then through its economic diplomacy has much greater levels of diplomatic support in in individual votes in the united nations. and in securing and the cand

he also made comments about contentious matters, such as the south china sea remarking that china is deliberately spanking tensions with illegal operations in the waters of the indo pacific to day that today on saturday, on the 2nd day of the shangri la dialogue, a press conference was held by a senior official from the chinese military. and he remarked that while the u. s. is strengthening its military presence in the asia pacific and beating up its security arrangements such as orcus, consolidating military alliances. it seems to be from china's perspective that the us is intending on creating chaos in the are in parts of the asia pacific to directly quote the lieutenant general john john john, he said, is the u. s. trying to destabilize the asia pacific. china will never allow which that is the initial sort of preliminary response to the speech fight, lloyd austin. but of course, to morrow on the final day of the shangri la dialogue, we will hear from the chinese defense minister general way from whole. and his speech has been highly anticipated. the analysts that we have been spe

you have north korea, the chief south china sea, theissue korea, the chief south china sea, the issueynamic coming from europe, animating this conference, the war in ukraine. i think the tone was set byjapan's prime minister when he said that ukraine today could be east asia tomorrow, and that is a chilling line. the issue of taiwan was at the forefront of people's mines. this is what the us secretary of defence lloyd austin had to say on the matter. irate of defence lloyd austin had to say on the matter.— of defence lloyd austin had to say on the matter. ~ , , ., , ., , on the matter. we witnessed a steady increase in provocative _ on the matter. we witnessed a steady increase in provocative and _ increase in provocative and destabilising military activity near taiwan_ destabilising military activity near taiwan and that includes pla aircraft — taiwan and that includes pla aircraft flying near taiwan in record — aircraft flying near taiwan in record numbers during recent months and nearly— record numbers during recent months and nearly on a daily basis. we remain— and nearly on a dai

there, the european union should form a unified position on the south china sea. hungary and greece, which simply went into conflict with everyone there. in past years and hmm, they called there, they went to a direct scandal, at some point it seemed that italy, too, would take such positions, uh, would stand up. well, the situation has somehow changed, but this is a huge pressure from chinese money and the chinese market. it won't disappear. well, really. this is very correct and , uh, i think the argument and the position of south korea here is very revealing, which is invited, which participated in the nato summit but constantly emphasizes that it does not participate in anti-chinese campaigns. what about european countries? yes indeed, china is the main trading partner of the european union today, but, uh, in europe itself, uh, the opinion is heard, uh, quite often. and what, and european-chinese relations, nevertheless deteriorate. yes, uh, for example, analysts. consulting companies green mental, which is headed by the notorious niall ferguson , a very famou

with china, it is a strategic set of challenges, including in the south china sea. of the day, velocity with china is going to be confront china where you must. but cooperate where you can. so it is a different feel between the two nations of russia and china. jonathan: always wonderful to hear from you. i do not think you are a broken record at all. i think this is important. chancellor schulz is speaking now. and this idea that nato will label china as a systemic challenge, once again exposing weakness of german foreign and economic policy over the last several decades. this is europe's biggest trading partner. if they are about to call china a challenge, it is a critical economic vulnerability for germany that has yet to be addressed in a material way. lisa: he just said he expects china not to undermine russia sanctions. what does that mean when china is importing a record amount of oil on a dollar basis from russia? when you look at how much there is some sort of economic partnership between those nations, at what point does it trigger an aggressive approach, e

just a matter of particular concern, given that china is militarization of the the islands in the south china sea. i think so, and i think that's a major concern. the us, the southeast asian countries, i'm paying attention to being the natural that connects to freedom of navigation in southeast asia as maritime fishery and all those maritime territory claims. the whole concern stuff is asian countries. a lot. so that's a factor that i think the regions paying close attention to any remains to be seen what china intend to do with that new axis. right? we'll leave it there for the time being, but always a pleasure talking to you about the song from the in your college of asia and the pacific. thank you so much for joining us today. thanks for having me. ah, thailand has become the 1st asian country to legalize growing and consumption of mattie wanna smoking it, remain span though. growers will have to register with the government and when offered in food or drink its strength will have to be limited. the aim is to give a boost to the agriculture sector and no one has a problem with that. i. the

if lee, that is states keep provoking cations or all the taiwan strait, for example, or in the south china sea, then china can make our way to the american coast, all of the atlantic coast, as well as on the pacific coast, a war between china, the united states will trigger, i'm a gather, so both baking and washing them need to do whatever they can to promote peace rather than agitate full war. next again, alliance president of the center, the china and globalization many thanks your time. we appreciate it. thank you for having me. i'll thank you for joining us here in arthur international. we're back at the top of the i was more we see that ah, well don't middle alex, she's just so you columbia, not in columbia. nobody but i just bought a level that he thought young my real name is logical is law school of college with orange, a fit on which it is public, your fear to be a number big enough feel. okay. that make it look like which in now she did the way volley april, really not to them as is, you know, if there is no way that was yellow, they just had like, i don't, i don't bus a deal. th

to be in the indo pacific but in the south china sea. the u.s. pecially recently as extraordinarily unsafe and dangerous. for example china interception of australian surveillance aircraft in the region and a canada surveillance aircraft. china sees operations at safe and professional. given these positions what progress can be made. that's the real question we hope to find out more about later on this evening. ukraine remains an issue here that hangs over all of this. and underscore that point, ukrainian president zelenskyy will be speak tomorrow afternoon. >> all right. we'll check in with you later in the day. thanks so much. >>> coming up next, nasa is beginning a new study on ufos. when the space agency is hoping to find. stay with us. now i want to say congratulations, but it's also disappppointing. what do you mean? that's it? i've got nothing left. hey if i were you, i'd try warm milk. enough out of you! hi! oh go.. is this really helping? good days start with good nights, so you may want to talk to your doctor about both. [ sleep app ] i'

they did that in a south china sea. now they own it. it's there's, they're not going to give it back. they're not going to negotiate. one doesn't have the military capable to do that. but, but i didn't recently hinted even though of the state department later on how to retract some of what he said that he would defend taiwan if it was to be attacked by aging. do you see that happening? you know, with bite in talking about focusing more in asian security issues. well, that happened during the bombing ministration as well. and of course, later for trump, but there was no uptick in military support for time one. there were some arms cells, but the japanese didn't do anything. there's a lot of talk about japan getting involved into one defense issues and increasing the security expenditures. and they really haven't done anything australia the same saying that a pretty slow getting on board on some of this stuff. so if it's going to be a us china fight for an island that the united states doesn't really recognize as a country. there's a big

it is where of course the theaters we spoke about taiwan and southeast asia i'm sort of the south chinasea in the east china sea remain so significant. the continental preferring to give china greater strategic depth and turn that into a theater of economic opportunity and ultimate foreign policy compliance with the chinese system. nine the rest of the world. china is a o traditional champin in both the rest of asia china'i new posture in terms of national develop motive systems functioning as enhancing global numbers if you like. which brings us to ten, changing the rules of the international system itself and it mattered more compatible as we discussed before with the authoritarian values. in chinese natural interest to the institution of global government for its economic diplomacy is much better levels of diplomatic support and in securing to take control over international institutions. a machinery which is now able to deliver those changes on the ground from their position the organization is now setting energy standards for internet governments in the world on the products in 5g

the minister also talked about all the content of issues such as the south china sea. he, he raised that he himself, and his counterparts in oregon have successfully been able to manage these issues. and that freedom of navigation is in fact not under threat, as the u. s. minister said yesterday in his address, he also added when talking about the south china sea, that it is important that countries that are actually in the region should prevent countries that are outside the region from turning these waters into traveled seas . so throughout the speech, really a message that the asian region is for asia to manage and that the us should really not meddle in. it says china also to route the chinese minister also throughout the speech, accused washington of attempting to bully china. that was something that he alluded to many times throughout the speech. he also stressed that beijing would never fully all the countries in the region and really stress that that is the point of difference between washington and beijing's approach. in other news, ukraine says russian shelli

the owners of hong kong's famous jumbo floating restaurant say it capsized sunday in the south china sea as the craft began taking on water due to adverse conditions. the restaurant first opened in 1976 and in its heyday could see to more than 2000 customers. it was towed out of hong kong last week from an undisclosed location after being forced to shut down during the pandemic. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. rishaad: still the come, seeing a tough six to 12 months for equities in india, but he remains bullish over three to five-year period. he joins us later on. plus, cryptocurrencies show signs of stabilizing after last week's slump. we will take a look at what is next for crypto markets, coming up later this hour. this is bloomberg. ♪ rishaad: we're talking markets. we are seeing futures across the board for british, european, and u.s. futures, all lending support to the rally we are seeing across this part of the world. let's get back to

and the intent is for china to change australian policy, including on issues of the south china sea, nterference. stephen: on his reading, the trade sanctions flowed from demands by china's communist party for retaliation against any perceived threats or criticism of china. scott: xi jinping has instructed china to resolutely defend ainst any internal or external threat to the communist party, and so that so-called "battle stance" has become embedded within the party, within the ministry of foreign affairs, and its wolf warrior diplomacy, and down into economic units, including the ministry of commerce, the state administrations of customsnd quarantine. so, if you're a mid-level official in one of those economic departments, your incentive, the way that you get ahead, is to appeal to that spirit. jane: economic coercion is a very deliberate activity to try and make the australian government change its policy stance. it's certainly not clear that that's what beijing has set out to do and nor is it clear that they have achieved that goal, but i think what we can say is that by the time

nato to extradite the pacific region, which means that our next line of defense will be in the south china general. if you look at what is happening, otherwise it becomes just completely. it is clear that you considered yourself entitled all these years to commit chaos far from your borders. well , there are nostalgic, i understand the british empire, you have far left abandoned seeds. uh, and uh, you're so nostalgic, but when, uh, the districts are announced just now, i was talking about it. e across the ocean from the united states by areas where there is a threat to the united states and are simply leveled with the ground, then, uh, the iraqi masul, then the syrian rakka, then belgrade, then chaos is going on in libya when the state is destroyed. just imagine for a moment , if in your neighboring ireland, which still occupy half of the corresponding island, they took and abolished the english language. or let's say in belgium they would cancel french, and in switzerland they would cancel french or german or italian, how did europe look at dunight? i'm not even going to develop this idea

the world's top five emerging economies -- brazil, russia, india, china, and south africa are holdingual summit virtually for the third time this year due to the pandemic . the brics meeting is taking place against a complex geopolitical backdrop, from the war in ukraine and trade disputes between china and the u.s. to a global economy trying to recover from the fallout of covid-19 pandemic. chinese president xi jinping hosting this year's summit has , criticized the west handling of the ukraine crisis and called for coordination to prevent disruptions to the global economic recovery. translator: it has been proven time and again that sanctions are a boomerang and a double-edged sword to politicize , instrumentalized, and weaponize global economy, and to willfully impose sanctions by taking advantage of one's dominant status in the international financial and monetary systems. it will only end up hurting one own's interests as well as those of others, and inflict suffering on people around the world. hashem: for vladimir putin it was an opportunity to showcase his allies' support. chi

some of the, of these topics of discussion, not just concern over the situation in taiwan, the south china sea. and we have heard from us officials basically describing that . ideally they would, they would like to achieve god rails in the us, his relationship with china, basically aiming for competition without an escalation, without conflict as well. now we, we do expect that over the course of the 3 day summit, both defense chief will speak publicly just delivering a speech that is aimed at not just the audience of delegates. and analysts that i hear, but well, leaders and specifically those in the asia pacific, they will be watching very closely to see what the 2 defense chiefs of the world superpowers have to say about their vision for stability and security. in this part of the world, i was here, it's jessica washington live in singapore jessica, many things. japan is opening its borders to tourists. again under a lightly controlled application process. foreign travelers are only allowed to visit with guided package tours. they must wear masks and have health insurance. japan limits