china are already being built. now for more on this, i am joined by steven chang. he is the director of the china institute at so us at the university of london. welcome stephen. so are we to imagine china as waiting in the wings for western sanctions to take effect and potentially pulling moscow closer? i don't think the chinese government is particularly looking forward to a wall over ukraine. but if the russians shouldn't been late and western sanctioned should be imposed, the chinese government is ready to give russia to helping her. now how, what sort of form would that helping hand take? well, it will be like you say, trying to becoming a market for a range of russian moment, cheerios and goods, particularly care and energy products. china will be helping russia in terms of your financial services. again, that is all these things are helpful to try the itself. they are not simply helping russia out of o truism. it is mutually beneficial for russia and china. well, perhaps you can tell us a bit more about that than what is in it for china, especially as we are

it's interesting, steven, china really trying to strike an impossible balance here.n't praised the invasion, they haven't criticized it. tell us the situation there. >> reporter: michael, impossible is really the keyword here because on one hand china is obviously trying to maintain or strengthen their alliance with russia. with this partnership now being described as having no limits, according to both leaders after their recent meeting here, and then, of course, publicly they are still paying lip service to this long-held principle of national sovereignty and territorial integrity as the most sacred aspect of its foreign policy. remember, china still recognizes ukraine as a sovereign nation. that pledge seems to be increasingly hollow given their recent reaction. china is trying to minimum a's its exposure to the unprecedented severe sanctions against russia given the enormous trading volumes china has with the u.s. and e.u. dwarfed that with russia. given how impossible it is to juggle, they have long pointed out china cannot avoid making a hard choice. china has

steven, china walked a tightrope with russia back in 2014 when putin invaded crimea.s repeating this act, but is that sustainable with the condemnation against russia this time around? >> it's an impossible balance for them to strike. on one manned they are trying to maintain or strengthen the alliance in russia, and the partnership being described as having no limits by the leaders, and obviously russia will rely on china to reduce or minimize the unprecedented severe sanctions because of the invasion, and there's still lip service to the territorial integrity. as of now, china still recognizes ukraine as a sovereign nation even though that pledge obviously turning increasingly hollow given what is going on and their response so far. of course, given china's enormous trade volumes with the u.s. and eu, dwarfing that, and all of those are impossible to juggle and that's why experts say they cannot avoid making a hard choice. according to many, they have, indeed, decided to side with russia despite their public insistence of being impartial, judging the matter in tryin

here's our china correspondent, steven mcdonnell, on the chinese leader's rare intervention.offering their suggestions that everything should be done, you know, pull out all stops to try to tackle the latest covid outbreak in hong kong. on the face of it, people might hear those words and think, so what? you know, it's kind of broad language and as if people in hong kong wouldn't be doing their best already to try and tackle the crisis. two things, though, that are very significant about this. one is that this is the first time it seems since wuhan, when this all started, that he's so directly injected himself into the way a city is handling this crisis. so, we've had other outbreaks in xi'an, in nanjing, you name it, but we didn't have xi jinping offering this sort of direct instruction in the same way we're getting for hong kong. what this shows is how concerned the chinese government is about the situation there. and i think chinese officials, they're having the communist party leader so directly placing himself into this, it will focus their minds and, you know, try to ge

china. laura? >> steven, thank you. appreciate it. >>> back here to inflation watch now.lained bitterly about increased costs and rising inflation but they keep spending. >> cappuccino. thank you. >> starbucks, for example, raised its prices in october and again just last month. the coffee giant ceo says it's planning more price hikes throughout the year. all those price hikes but it's not scaring people away from their frappes and lattes. it's up 13% globally and 18% in north america. we saw something similar at mcdonald's like the detergent makers are raising prices but sales are still going up as well. so far americans complain bitterly about inflation but they're still -- >> you've got to wash your clothes. >>> joe biden out with a brand-new plan to fight crime hours before his visit to new york city. we're going to bring you details on that. >>> the far out plan for the international space station. how they plan to get rid of it. that's ahead. (woman) wow, that's something.g. (burke) yoyou get a whole lot of somethg with farmers policy perks. [echoing] get a quote to

has that had an effect on your manufacturing in china? steven: not in a material way.ths, it did not impact our airspace business . now we are seeing when they have a bit of an outbreak, they do incredible mast testing -- they test the whole city within a few days and if we have a factory there, it will take some people out of work for a few hours and we are able to pick up the capacity with people willing to work on the weekend to pick that up. it has not materially impact our supply chain and it is actually good the way they are doing the mass testing. it's a matter of a few our disruption and it gets things back on track. haslinda: how is it all playing out -- where are you seeing recovery? steven: we hit the bottom in the february, march of 2020, so it has been two years. it has been coming back gradually month by month in three different sectors. domestic china came back really quick about a year and a half ago. it's not quite where it was in 2019. but it is play close to where it was three years ago and international china is going to be constrained for a little

join can joining me is steven miller and dinesh desousa. china is rising and america is faltering. canada is moving towards martial law. is the tide turning? >> i think it is. the reason it is turning is what people are looking for when they think about freedom is nothing more than the scope or the space to normalize their life. we are not talking about some exotic exercise of freedom. we are talking about things like going to work, getting your kid to school. this is freedom in the normal sense of the term in the same commonsensical sense that i am free to move my arm. biden and the left have stigmatized freedom in such a way that they are making the -- presenting the idea that it is somehow not freedom if it affects somebody else. all freedom affects somebody else. if a woman takes a job as opposed to staying home, that affects the workforce. that affects her husband. that affects her children. it's not as if the normal exercise of predom doesn't have an impact on others. the real question is, does it hurt the rights of other people. if i swing my arm, it makes contact with your

tom: do you like the china sovereign still and south africa? stevene not changed much in terms of the forecast for the treasuries there. we think it is 1.5 by the year end. the year is still young. some of these markets led by south africa look very interesting now that their real rates are so high compared to their equity rates. china we think is still using and that has been a win-win market now. that trend is still taking place. francine: stephen, thank you very much. as always, steven major the global head of research at hsbc. we will have the story next on whether the prime minister can hold onto power. this is bloomberg. ♪ tom: welcome back to the open. we are 53 minutes into european trading day. the markets in europe are currently turning down. the only standout is the ftse 100 turning up by 0.4%. every other sector is read. we see the yields and the german five-year bond rating into the positive territory for the first time since 2018. sterling at 1.35. technology is remarkable given meta and amazon is killing it with aws, advertising, and th

steven jiang joins me from beijing. china wanting to focus on the olympics and not the covid cases. how is it being covered there? what is the mood? >> reporter: the mood is celebratory but i think probably not because of the games, at least not yet, but because today is the lunar new year. happy year of the tiger to you. the authorities in beijing have sealed off a few apartment blocks in a neighborhood not far from the bird's nest. that's the stadium where the opening ceremony will be held in a few days. this obviously because of a few fresh cases of covid here and thanks to the government's continued zero covid policy here. but inside the olympic bubbles which are completely sealed off from the rest of beijing, more covid cases as well with the authorities saying 24 people on monday tested positive including athletes. some of these athletes are now speaking out about their covid status including american bobsledder alana myers tater. she tested positive a few days ago. she's a three-time olympic medalist. this is her fourth games here. this is the most special because she actuall

day nine, of course, of the winter games in china, despite the adverse weather steven was referring to a delay of over an hour, really challenging conditions. it would be swiss great marco odemeyer to celebrate his gold medal. the 24-year-old overcoming the heavy snow and all the poor, really challenging visibility that had been causing havoc. many in the field actually really struggling to even deal with the conditions in the first place, the mist and the fog taking old, but the swiss great showing all of his class, resolve, expertise, coolness personified to beat slovenia and france amid really challenging conditions there. oddermatt was the favorite going into this. he leaves the giant slalom standings having won four of the five races, having finished second in the other. no surprise, he shows his class and wins gold. the chinese capital there in beijing, they're coated for the very first time during these games. a really heavy snow and they're right to just sludge it away there. and these are the scenes around the genty snow park, as well, where the women's ski free style were sup

steven jiang standing by in beijing following the backlash to china's response to the crisis. jumanna caratachea in istanbul tracking turkey's response to ukraine, and jim bittermann in the european union. jim, we are seeing a major shift of europe coming to ukraine's aid. fill us in. >> reporter: germany was probably the most major. the french european minister said this is a gigantic step forward for germany because they have now said that -- olaf scholes said they are going to spend 100 billion in upgrade offenses over the next few years, 100 billion euros. this is something the u.s. has demanded of germany, asked, requested of germany for years, for decades, and now this attack from russia has basically forced the hand and changed minds in germany. so they are going to increase their defense spending over the next few years. one of the interesting things about that sound bite you played from justice burrell, the head diplomat for the european union, he mentioned in that news conference, in fact this is $500 million in aid to ukraine, it's not going to just be ammunition an

cnn's coy wire joins us from jiangsu, china, but first let's bring in steven jiang live in beijing.pattern on that doping scandal story. but bring us up to speed on what's happened so far? >> we now know that valiyeva's name has been on the roster for tuesday's figure skating event, which is adding suspense and urgency to that virtual hearing held by the court of arbitration for sport, because their decision will obviously determine whether or not she can indeed compete in that event. the international olympic committee is not saying much about this case, kriciting an ongoing process. but a complicate factor is that positive sample was calculated on december 25th, well before the winter olympics. that's why this actually falls outside of the jurisdiction of the ioc. that's why the russian doping agency says she's been passing her doping tests both before and after that date, including testing negative since she arrived here in beijing and the russian federation both saying they have no doubts over her honesty, pointing to the circumstances surrounding the positive test results, sayi

china expert speaks mandarin cantonese steven mosher senator rubio is on my podcast today and he saidhat he was concerned about a potential for some of our athletes to be subjected to perhaps a contagion while they're therep ,that he doesn't put anything past the chinese havingas to lir there. and obviously he's done so muchh work on human rights in china. are you concerned for their health in beijing? well, i can't speak to the medicine or the medical part of it becausein i mean, i have information that others have access to. but i canre tell you that we don't have any transparency if in fact there are health risks, if in fact there is some novel new disease or an n outbreak of a new variant of covid or whatever , we wouldn't know about it. there's no way the chinese government is going to be transparent about that , that they weren't transparent about it when when the crisis first emerged and they won't be they will not be transparent about any risks that the athletes run to their health or well-being, be it anything from air quality all the way down to to a new pandemic or a new di

china and russia. but i wanted to get with elie ho honig and stewart stevens. gentlemen, good evening to you. stewart, former vice president mike pence saying former president trump is wrong, he could not overturn the election. the question is, why now? >> yeah, look, i don't think that we can be at a point where we're praising the vice president of the united states for doing his job. he took at oath of office saying he would protect the constitution against all enemies foreign and domestic. mike pence was at the middle of a conspiracy, and instead of calling the fbi, he called dan quayle. monahan talked about defining decency down. dumbing decency down. we're dumbing democracy down. at the very least, he should have done this a long time ago. and the fact that he's out there saying it and people are acting like this is a big deal shows how far we're fallen. >> you're right. he took an oath. and i've been critical of mike pence for a lot of what he's done. but when push came to shove, he did do his duty, which he swore the oath to on january 6th. refused to go along with overturning the elec

china's rise. this is not going to stop or subside during the upcoming games. isa? >> stevensive report on the pipe bomb planted in jerusalem in 2021 and the vip that came dangerously close to one of them. that is next. yep, it's go time with wireless on the most reliable network. ok, that jump was crazy! but what's crazier? you get unlimited for just 30 bucks. nice! but mine has 5g included. wait! 5g included? yup, even these guys get it. nice ride, by the way. and the icing on the cake? saving up to 400 bucks? exactly. wait, shouldn't you be navigating? xfinity mobile. it's wireless that does it all and saves a lot. like a lot, a lot. >>> a new york police officer killed in the line of duty has been laid to rest today. wilbert mora received a hero's ride to the cathedral. he was responding to a domestic dispute in harlem last month. he's being remembered as a hero in life and death. his organs were donated to several patients in need of transplants. >>> now the house committee investigating the u.s. capitol riot is speaking with another top aide to former vice president mik

china in asia. isa. >> that's the image we were showing our viewers of the many times, the 38th time they've met. steven jiang there for us in beijing. thank you very much, steven. >>> u.s.a. swimming has issued a new policy for all transgender athletes wishing to compete in elite events going forward. a panel of experts will find whether transgender women have any unfair advantage over people who have been women by birth. the development of the elite policy acknowledges a competitive difference in the male and female categories and the advantages this presents in elite head-to-head competition . >>> plus more british lawmakers are telling borison sob to step down. that's next. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. yep, it's go time with wireless on the most reliable network. ok, that jump was crazy! but what's crazier? you get unlimited for just 30 bucks. nice! but mine has 5g included. wait! 5g included? yup, even these guys get it. nice ride, by the way. and the icing on the cake? sav

china's human rights abuses. more on that. the current tensions have prompted a new warning from the fbi. cnn's stevens warning? >> reporter: well, christine, the fbi's urging olympic athletes to leave their personal phones at home and instead bring a burner device to the beijing games citing security concerns. obviously this is not a shocking revelation. before this warning some national committees have been telling their athletes to do this and reminding them of the pervasive high tech surveillance both online and in the real world. for travelers coming to china regularly before the pandemic, this has been known for quite some time. obviously high profile in nature of the olympics has us under a global spotlight. another issue of growing concern is the covid cases inside the so-called closed loop, the olympic bubbles. 32 olympic personnel tested positive on tuesday in the bubbles. this is part of the reason. as you mentioned, why the torch relay is such a truncated area in and around beijing in a very controlled setting. this might not be a bad thing. remember back in 2008, before the beijing games,

steven miller, america first legal founder, forme senior white house adviser. also with me, dineshas d'souza, conservative commentator and filmmaker. dinesh m, china'srising and america is faltering under biden. so free speech is under attack here. canada is moving toward martialn law, but is the tide turning? ur >> i think it is and the reason it's turning is because what people are looking for when they when they think about freedom is nothing more than the scopen or the space to normalize their life. we're life not talking about soe exotic exercise of freedom. we're talkingng about things lie going to work, getting your kid to school. your kid and so these are this is freedom and the normal sense ofm the term in the same commonsensical sensee that i am free to move my arm. now biden and the left have stigmatized freedom in such a way that they're making the they're presenting the idea that somehow it's not freedom affects somebody else. but allll freedom affects. somebody else. if a woman takes a job as opposed to staying home, that affects the workforce, that affects a a husband that affects our children. so i it's not as if the normalsn exercis

china as well. banner said from the 0 call it strategy. if the rest of the world cannot get to get informed opinions at all costs luckiest on needs. on fridays thought about steven critical debate wide rip would claims that legal constitutes an interesting chill thread to rush up. what is precisely his actions that we did this insecurity in the region in depth analysis of the days global headlines inside story on al jazeera, ah ah, of the top stories on al jazeera, the sour, the reuters news agency is reporting that ukraine's president as hell talks with bell russian president, alexander lucas jenko, viola. debra zalinski says lucas jenko assured him that bella russian troops will not move in to ukraine. meanwhile, ukraine has agreed to whole talks with russian officials at the bell russian border . this is russia's president vladimir putin further res. tensions by ordering his military command to put its nuclear deterrence forces on high alerts. he says it's in response to aggressive statements by nato and economic sanctions against moscow . the nato chief un stolberg has called putin statements dangerous and irresponsible. meanwhile, russia stepped up its mili

competing for china earned gold in the woman's halfpipe adding to gold in big air and silver in slopestyle. covering the games from every angle, coy wire joins us on the latest. first bring in steventhrough what happened with kamila valiyeva and the reaction as well. >> reporter: kim, it was just heartbreaking to watch valiyeva compete on thursday night. her performance was such a stark contrast from what we saw a little over a week ago, that near perfection she displayed. the dark cloud of doping allegations seemed to be hanging over not just her but her teammates as well. the tension, drama, a lot of tears, not just tears of joy from all of these young athletes. now the international olympic committee president thomas bach held a press conference not long ago. he felt disturbed watching valiyeva compete seeing how much immense mental distress she was under. what upset him even more was how valiyeva was treated by the adults on the russian team afterwards. here's what he said. >> after we saw how she was received by her closest entourage with such what appeared to be tremendous coldness. it was chilling to see this. rather than giving her comfort, rather than to try to help her.