the us has long been critical about china using the wto is somewhat of an excuse, to you agree with theircism? again, this body, this institutional body, you can understand the purpose of having it. only look at the dispute between the us against china and what's happening in terms of the resolution between these disputes, it's probably direct contact or communication between countries are between governments, is really the most important step in terms of resolving the ongoing tensions that the world is facing in this department. is there anything that the wto can do to, build up its reputation as the global trade organisation body? it is about the reforms and about the process that it takes, especially when we come to this panel. again, without having the us and china present this week, it is hard to see anything concrete could occur and that is like you going to the fact that it is likely that better resolution is going to come between the united states and china in their own discussions at some point in time. able to speak to me earlierfrom hong kong, streaming live events is a feature

it is a huge electric vehicle market and with the us china tariffs as well but accelerated their move production. so they are now looking at when they can bring that mark —— to market in china as well. elon musk has been in a lot of hot water. we mentioned the tweet that he put out that they will ta ke tweet that he put out that they will take the company private when it turned out that he did not. they need to find a new chairman. that was one of the consequences of that tweet. the authorities saying that they need to remove him as chairman and chief executive. what is your ta ke and chief executive. what is your take on that? i think it is important that he is only stepping back from one of those roles because whether or not you like him he still driving force within the company. and his brains, they are important as well. absolutely. it is important to keep in there. that they do need somebody else in the leading role. somebody who knows the company as well, i guess you cannot nod as well as he does, that someone who does know the company. that the idea is that the chairman has to

those people together, have those kind of tedious multilateral trade discussions that may be the us and chinahe appetite for and present those is the tension solutions that they can pick and choose on later. and how important is the tone that is set by the us because the wto has been heavily criticised by president trump, there seems to be a complete flouting of wto rules in this trade war between the us and china? is the two big players in the world economy are not seem to be abiding by the rules is, what kind of incentive is there for any of the perhaps less mature economies to abide by the rules, which they may feel well, this is restricting our developmental growth as developing economies? restricting our developmental growth as developing economie57m restricting our developmental growth as developing economies? it is interesting as the former head of the world trade organization said, one thing we must give us president donald trump credit for is that in saying the united states will draw if the wto is not in form and shape up, choose the president's words, it has actually pushed everyon

biggest miner, bhp billiton, has trimmed its expectations of global growth because of the ongoing us—china the row will cut both us and chinese gdp growth by a half to three quarters of a percentage point. sharanjit leyl is in our asia business hub in singapore. if that is the case, bhp is a company that will feel it, won't it? that is what they are saying, and essentially as you said, they have there expectations the global growth. they are at calling it a lose—lose outcome. it is all according to the chief commercial officer who was speaking at a conference today saying that the trade row between the us and china will cut the growth rate of both countries, making neither of them immune to it affects. though he did go on to acknowledge that there has been no in —— material impact on bhp's been no in —— material impact on bhp‘s business so far. we know china's economy grew by 6.5% in the quarter's weakest pace since the globalfinancial quarter's weakest pace since the global financial crisis of 2008 and 2009, an analyst believe business conditions will only get worse before they get better

and this isn'tjust something that is contained between the us and china. is something that affects all of us, in particular developing economies like indonesia. that is what the indonesian finance minister had to say when she spoke to the bbc about this earlier. we see the globalisation and the relationship among countries, advanced, emerging and developing, is a win—win, mutually beneficial relationship. the advanced countries can continue to manage and maintain prosperity, while developing companies will emerge from poverty and become middle income. so there is a convergence in these cases. and today, i think this is no longer guaranteed and this will be a serious setback for world development. i just serious setback for world development. ijust got back from palu, which of course has just been hit from the deadly earthquake and tsunami. can indonesia pull this event tsunami. can indonesia pull this eve nt off 7 tsunami. can indonesia pull this event off? well, that certainly was the fear ahead of this annual summit in bali, some had said and some had fe

is seeking help from the us, china is seeking help from the us's trade goes through china, all of its food and energy, or a huge proportion does, so energy, or a huge proportion does, so there is quite a lot of leverage there. china has portrayed itself quite successful as the wronged party in this dispute, and upholding global trade practices. going after us businesses doesn't match that, and also trump frankly wants us businesses out of china somewhat, so playing into trump's gender is not necessarily a great result. fascinating, isn't it? charles, thank you, we will keep an eye on that. thank you very much. let's squeeze in some other business stories. facebook‘s uk subsidary paid $20 million in tax this year — that's around £15 million — triple the amount it paid in 2017. elsewhere, paypal‘s uk subsidiary has agreed to pay an extra $4.1 million — or £3 million — in tax following a review by british tax authorities. last week, chancellor philip hammond raised the prospect of a new tax for large technology companies which have frequently been c

don't agree to stop have to develop those weapons unless russia comes to us and china comes to us and they all come to is that they say let's really get smart and let's none of us develop those weapons china is not a signatory of the pact and has been investing heavily in land based missiles now some observers fear it could be joined by russia and the u.s. in a new arms race. more of the story with leo hoffman from the i can't see international campaign to abolish nuclear weapons he joins us from brussels highly oh there's a lot of criticism of donald trump today but this is a claim complaint that we've heard repeatedly from washington that russia is violating this treaty can't the argument be made that this treaty wasn't really working. well that's the irony in this of course we've heard over the years various complaints but instead of forcing the agreement simply decided to pull out from the agreement and this is just the last piece in a long string of actions by the current u.s. administration to undermine stability which would really reminds us nuclear weapons have

that's the risk of a trade war between the us and china warns the imf.p a conversation with the man driving vietnam's carmaker vinfast. the financial markets, the sharemarket in asia, some of them have hit lows. japan down over i% as the concerned over at trade wars in china continued to worry investors.

and staying with the us and china. ms from selling parts to a chinese company over national security concerns. the us commerce department said there was a "significant risk" that the chinese company — fujianjinhua — which makes memory chips and devices — could get involved in activities that may hurt us national security. tech giants including amazon, google and facebook will pay tax on their uk revenue from 2020. under plans unveiled in the budget firms will be taxed at a rate of 2% on their uk sales. shares in facebook, amazon and google owner alphabet all closed down following trade in new york. german carmaker volkswagen has reported an 18.6 percent drop in third—quarter adjusted operating profit to $3.99 billion. this has been blamed on weaker vehicle sales and headwinds tied to the introduction of more stringent anti—pollution rules. earlier this year, the firm saw its earnings hit by a 1 billion euro fine for its cheating around diesel emissions regulations. lots of corporate news out today. among those making th

you would not turn on the investments in the us or china but the two countries of course are locked inwar. if you had to choose, is their preference for the us, which helped to build your country as one of the shipping hubs of the world and dufresne shall i? sovereign countries i do not think shoes friends. sovereign countries ta ke shoes friends. sovereign countries take every decision, taking into consideration the importance and the objectives of their own country. the us has been our strong ally for many, us has been our strong ally for any us has been our strong ally for many, many years. it will continue to be our strong ally. we weren't really closely with the us in terms of security. there is a large important for investment from the us in panama and we are sure that will continue to happen, but we welcome foreign direct investment from other countries. at the same way that we are countries. at the same way that we a re careful countries. at the same way that we are careful with using our contractors, choosing our partners for any project, we will be careful with the incoming o

then there's the trade dispute between the us and china, which shows no signs of abating. s get more on this story from our asia business correspondent karishma vaswani, who's in bali for us. tell us more about the global outlook and to what extent it is more gloomy than the previous one? sally, the international monetary fund released its world economic outlook, its assessment of the global economy about 3/2 hours ago here in harley and they were very clear. in the language it used in the world can —— economic outlook, they said there are clouds on the horizon for the global economy and one big main reason for that, it was what you are saying earlier, trade tensions between the world's two superpowers, the us and china. the imf has downgraded its forecast for economic growth to 3%% but has also downgraded its forecast for the us and china because of the strait tensions. for this year and next year, even though it says these tax cuts are benefiting the domestic economy in the united states moving forward , economy in the united states moving forward, the trade tensions will

"re—education", "vocational training", to use china's euphemisms, suggest something limited and temporaryour evidence shows that the camps and prisons being used for that purpose are large—scale and seemingly permanent. the big question, then, is where does all of this end? and the history of mass incarcerations, of course, offers some pretty ominous precedents. from a vegetable field to another one of china's new schools. in less than six months, complete with watchtowers. we tried to film one of them. but once again, while trying to get to the truth, we're asked to leave. john sudworth, bbc news. earlier i spoke tojohn sudworth, and asked him for more on china's reaction. china says it is facing the real threat of terrorism in xinjiang. there have of course been a number of violent attacks. its answer is this programme of re—education, to use its phrase, this anti—extremism training which as you saw in my report, china appears to suggest that muslims are signing up for willingly. but of course, our evidence suggests a very different reality. and take that large site, the big site that w

indonesian finance minister not too long ago and she is concerned that against the backdrop of the us/ chinany emerging markets will be affected by the ongoing trade tensions and the rising interest rates in the us, so it isa rising interest rates in the us, so it is a very big theme here.|j rising interest rates in the us, so it is a very big theme here. i know you will stay right across that with us. you will stay right across that with us. thank you very much, for now. karishma vaswani making sense of the trade works in the disputes around the world. let's take a look at some of the other stories making the news. the australian units of citigroup and deutsche bank have been in court today — accused of criminal conduct over a $2.1 billion stock issue. the allegations concern arrangements for the sale of anz shares in 2015. the government accuses the banks of forming a criminal cartel to restrict the supply of anz shares or maintain the price of the shares. tech giant microsoft says it will invest in singapore—based ride—hailing company grab, as part of a new strategic partnership. the two

the other is that the us china trade war. ct real concerns about how these two economies, these giant economies of the us and china, will do in the coming years. we have seen international institutions like the international monetary fund downgrade growth outlook for both the us and china and there were worries about what that means for companies operating in both companies. —— countries. and then there is the emotional factor. that people are selling because other people are selling because other people are selling because other people are selling. that really undermines the fact that confidence, for the first time, i think it is fairto for the first time, i think it is fair to say, is being chipped away. because of all of these factors. at a point in the global economy where we possibly hitting a turning point terms of outlook and all cars for both economic growth and companies in the next few years. mentioning all those points at the other thing is that these markets have done so well for so long, people are seeing this now

no big surprise china remains on a watchlist that us treasury officials monitor. re according to them particular concern. the trump administration has, as you said, it has long argued that china keeps it artificially low. it raises particular concerns. it has strengthened relative to where it had been. economists now say it is more in line with china's economic fundamentals. the story is a little more about the us dollar's strengthening, particularly this year as us interest rates have risen. the dollar is up about 6.6% against the yuan this year. the stronger dollar makes american exports more expensive. thank you so much, interesting, sharanjit, keeping us across what is happening there. let us stay with what the us is up to with regards to trade with china. it has announced plans to withdraw from a 144—year—old postal treaty which the white house says lets china ship goods at unfairly low prices to the us. the united nations treaties as low international rates for packages from certain countries, a move originally designed to support poor relations. the us as th

table with 13 like—minded countries, including the eu, or do you sit on the other side with the us and chinae said they are concerned with noises coming from president trump threatening to pull the us out of the wto altogether. others have said it‘s the opposite, by threatening to do it he is focusing minds and pushing the wto to turn itself into a much more effective body even though people have known this has been needed for many years. though people have known this has been needed for many yearslj wouldn‘t try to guess at what his true intention is. but that is a possibility. i think the wto is in need of reforms and modernisation and the rules currently in place are from the early 1990s. this morning it was mentioned on a bbc interview bya it was mentioned on a bbc interview by a representative. that meeting will be starting in around five or six hours. let‘s take a look at some of the other stories making the news. eu economics affairs commissioner pierre moscovici says he‘s open to a constructive dialogue with italy over its budget plans. that‘s what he told the italian newspaper, la r

global markets fell on monday and that is all because of the fear over the us china trade war. beijing. china criticising the us for trade tariffs that have been imposed on chinese imports and that continues to affect asia markets as they reopened. this is how they ended. japan's nikkei was closed yesterday and we will monitor how the market reopens this morning. that is it for asia business report. we will have more from oursummit in business report. we will have more from our summit in bali next hour. thanks for watching. there is warmth and sunshine in the forecast and one more day of rain forecast and one more day of rain for scotland and northern ireland. by for scotland and northern ireland. by the time it pulls away later on tuesday and three the early hours on wednesday, past of the western highlands could see around 200 millimetres —— parts of the western highlands. this front has been hanging around fora highlands. this front has been hanging around for a few days. still with us on tuesday and still bringing strong winds and outbreaks of rain into northern ireland and

is having a trade war with the us anyway so as a currency manipulator it doesn't present chinaa downside risk. for the policy option china would choose to have a passive devaluation in the next six to 12 months in order to actually save themselves from a severe slowdown in the next 12 months. right, so you're saying they are trying to prevent the slowdown, so what does the lowering of the reserve ratio for the banks mean, obviously they are trained to spur on the growth, is it acknowledgement that they are losing the trade war? not saying that they are losing the trade forfilm at not saying that they are losing the trade for film at war but they need a response to the offset of the slowdown, this is part of bigger moves to do credit easing, fiscal stimulus, to support domestic demand and make sure that growth is not collapsing. many of us are familiar with tesla, the electric car maker. well, its second—biggest shareholder baillie gifford has taken an interest in neo, a chinese electric vehicle maker which recently listed on the new york stock exchange and a p pa re ntly on the

we have got a slew of economic reports this week in the us to china that will give us some clues.a produces 90% of the world's rice. we look at how climate change is disrupting production of this asian food staple. hello and welcome to this monday edition of asia business report, and sharanjit leyl. edition of asia business report, and shara njit leyl. it edition of asia business report, and sharanjit leyl. it is a brand—new week and inflation seems to be the big theme for investors and central bankers all week. —— i am. on tuesday, china post investment and inflation numbers, and we will see whether the trade war has begun to bite the chinese manufacturers. on thursday, the federal reserve releases the minutes of its last policy meeting, and investors will be reading that for clues on how strong the reserve bank thinks the us economy is and whether they will be more rate hikes than anticipated. on friday, third—quarter gdp numbers come in from china. also on friday, just how much progress has japan's central bank made on boosting inflation? we will find out the release of septemb

money is used to pay off china. the prime minister consulted all the leading economists and after consulting with everyone he decided that we should begin talks with the i.m.f. program for stabilization and recovery on the basis of which we can control the economic crisis as a program and still trying to go over there it's not alone in needing help argentina has taken on the biggest loan in the i.m.f. history turkey for its part is still rejecting i.m.f. aid despite its own crisis but it's in venezuela that the i.m.f. forecasts take on unimaginable dimensions said hyperinflation there could hit ten million percent next year. and our financial correspondent joins us now yes the i.m.f. has made it very clear it is lowering growth based on moves initiated by the u.s. so how is the news playing out back. well the i.m.f. is not necessarily famous for being super timely it was their forecasts for example when the i.m.f. is talking about emerging markets like turkey like brazil like for instance to having a tough time that

china with shipping so as trade shifts from china to other south—east asian networks you will see a realignment of intra— asia trade and some possibly back to the uss point trying to circumvent tariffs on chinese goods? well, manufacturing hubs can change. ships are obviously able to go wherever they want. moving out of china? the problem is we are going to be seeing some further disruption down the line, as you see this realignment of lanes. the problems will come in terms of our the shipping lines are able to pass some of those costs on as things become more complicated. are the costs already being passed on? in some cases yes and in some cases no. shipping has an inherently low freight rate at the moment, unsustainably so, and passing those costis unsustainably so, and passing those cost is only as a tricky business at the moment for some shipping companies. netflix and amazon are caught ina companies. netflix and amazon are caught in a tough battle in india to increase their viewer base, but there are also a number of home—grown brands in the fray. many indian production houses are making shows for the web in launching their own applications a

relations and talk about a whole government approach in the us to counter china's chinese policies and there have been a number of other steps before and after that that suggests a turn of the us policy toward a much tougher approach to china. from a european perspective, from a friend's perspective, how does all this look and how do you see this line of administration policy shifting world politics overall? >> there are a lot of people who are saying basically that our politics are back. i think they've never left this state and really, we believe it politics are back simply because so far for the last decades, our politics was overwhelmingly in favor of the west, especially of theus . and the fact is that we are simply seeing a revamping between world powers. obviously china is on the rise and that less obviously because we can discuss it in comparative terms to us is in decline, in comparative terms. the us will remain the main power for the decades to come. so it's always, it's not , it's always difficult moments. how to define a new balance between this emerging china and on the o

is rolling back a twenty five year old ban on the use of rhino horns and tiger bones in medicine china's cabinet said book allows thirty five doctors and hospitals to use parts from these animals raised in captivity excluding zoo animals in illegal trade will still be punished conservation groups all have a describe the move as a significant setback for efforts to protect the animals from extinction they fear their decision will lead to increased poaching of the fewer than thirty thousand rhinos and four thousand tigers still left in the wild and chinese folk medicine that part of believe to cure. a range of ale so. that's it for me on the business team but then i'll have an update for you of course in the next hour in the meantime to check out all social media things on twitter and facebook thank you very much for watching state of new businesses. like we were. when we were. in the percent of americans at some point in our lives will experience hardship listen. to. climate change. waste. pollution. isn't it time for. eco africa people and projects that are changing the lives are meant f

you have the us china trade warand markets. and confidence chipped away at isa war and confidence chipped away at is a combination of all of these factors. people are effectively selling their shares because other people are selling. no telling how much longer the sentiment will continue for but very nervous investors there today. thank you. asia—pacific equities took a beating — the indices fell about 2% with tech segments dragged lower by concerns over the outlook for semiconductor stocks. weaker us earnings stoke fears of economic slowdown as the nasdaq sees worst fall in seven years. european stocks took their lead from asia and wall street with mounting concerns over the global economy and the strength of forward guidance coming out of big companies in the united states. samira hussain has the details of what's ahead on wall street today. after technology led wall street to a sharp decline on wednesday, thursday is when some of the biggest tech companies get the chance to persuade investors that the good times are still ro

is rolling back a twenty five year old ban on the use of rhino horns and tiger bones inmates in china's cabinet said it will allow certified doctors and hospitals to use parts from animals raised in captivity excluding zoo animals illegal trade will still be punished conservation groups however describe the move as a significant setback for efforts to protect the animals from extinction they fear the decision will leads to increased poaching of the fewer than thirty thousand rhinos and four thousand tigers still left in the wild and chinese folk medicine their parts are believed to cure a range of evidence. that's it from me on the business team here in berlin close the whole well we'll have an update for you in the next star in the meantime check out our web site as to w. dot com slash business for more stories thanks for watching. them. to suit his dogs in kenya. only those of a generation he runs she jumps. the comic tells of the trials and tribulations of growing up finding a job and love the heroes speak the language of young people and give them the courage to shake and. three tho

and as a trade war continues between china and the us china is oil imports of u.s. oil in august china announced tariffs on sixteen billion dollars worth of u.s. imports of oil products including look at fide petroleum gas or l.p.g. and coal until now crude oil had been left out of the trade war china used to be the number two importer of u.s. oil behind canada and was the biggest buyer through the first six months of this year in june for example china imported five hundred ten thousands of barrels of u.s. oil per day according to the u.s. information energy information agency and that was approximately a quarter of the total of all of the oil exports that the u.s. shipped that month but last month september only thirty thousand barrels a day of oil were went to china and here with more is our. why is china veering away from this policy is it all about trade tell us well by there is a primary two reasons as china needs crude oil they have a growing economy and with sanctions on iran china is saying that it will continue importing from iran by china had previously in

us. there has been another angry exchange between the united states and china over trade. has hit back at the us secretary of state over his suggestion that chinese involvement in developing economies doesn't always help the local population. our asia business correspondent karishma vaswani is in singapore. nice to see you. so what is this latest twist? well, sally, if you needed any further evidence that the war between the us and china is not just a trade war, you really don't have to look any further. it looks like it is a war on all fronts, frankly. this time we are seeing strong words on chinese state media criticising the us secretary of state, mike pompeo's, comments on social media. he said china is engaging in predatory economic activity, in reference to beijing's one road programme, and also chinese owned enterprises to operate transparently, and that there actions are designed to benefit the chinese government, not the country they are operating —— one belt, one road. he also warned countries that when beijing shows up with deals that seem perhaps too good to be

the overall relationship between the us and china is going to remain complex for a long time. ain" china has "china 2025", not mutually exclusive but competing, so this is the yuan and its outlook, that's wanting to focus on, but obviously you have the trade war as a much bigger thing that we need to be worried about. that was steve brice from standard chartered private bank. ten yea rs bank. ten years ago today in fact, bitcoin was born, at least, the concept was, a mysterious person going by the fictitious name of satoshi nakamoto outlining how it would work, it is aimed to be a worldwide digital currency that governments and banks can't interfere with, so a decade on, who trades it, and why is bitcoin now valued in the thousands of dollars? let's take a look. hgppy happy birthday, bitcoin. now, before we head to the markets, let's look at what apple is doing because they're shining up some of the lesser—known products, it is adding features like facial recognition to the ipad pro and fast processors to some mac that have gone without updates in years. counting new iphones an

if, in the us, donald trump does go ahead with a 25% tariff on goods coming in from china in january he new year, what is next year's outlook when it comes to the trade dispute between the us and china? for the moment, what we have seen china? for the moment, what we have seen is that the sectors that are particularly exposed to trade, such as us companies that do a lot of business in china, or chinese companies that do a lot of business in the us, those have underperformed relative to the broader index. but in the us we haven't seen any colla pse in the us we haven't seen any collapse in confidence, so there is a risk that trade tensions could lead to a tightening of financial conditions in the us. in china, we have seen some tightening of financially the financial conditions. —— tightening of financial conditions. there is a general perception that the trade conflict does have numbers in fact on the economy as a whole. tobias adrian, we have delivered there. tobias adrian, there, the imf financial counsellor & director of monetary and capital markets. speaking to us there from bali.

agreement so we're going to terminate the agreement we're going to pull out unless russia comes to us or china comes to us and they won't go . do is when they say let's really get smart and let's none of us develop those weapons but if russia is doing it and china is doing it and we're adhering to the agreement that's unacceptable so we have a tremendous amount of money to play with the raw military the treaty has been in force since one thousand nine hundred eighty seven under the pact russia and the us required to eliminate nuclear missiles with a range of one thousand to five thousand five hundred kilometers but the deal does not include sea launched missiles it was seen as a key milestone in ending the cold war. russia has repeatedly said it will keep observing the treaty as long as the u.s. does however russian president vladimir putin said last year that if washington were to renounce example occasions moscow would do the same. for american partners the agreement will give an immediate and reciprocal response we have complied with the agreement and we will continue to do so as long as ou

us tariffs in an escalating trade war. but president trump is threatening to slap import duties on everything china sells to the us.jing, which accuses washington of protectionism and bullying, has so far retaliated with tariffs on $110 billion of us goods. it is running out of ammunition due to its trade surplus with the us, and may look at other ways of hitting back, such as throwing up fresh barriers to american businesses. the us measures are designed to punish china for what the trump administration says are unfair trade practices, such as intellectual property theft. those claims appear to be supported by a bloomberg report last friday claiming beijing had inserted spying devices into us computers via chinese microchips. jinny yan, chief china economist at icbc standard bank, joins me now. so we don't know what the official agenda is in terms of mike pompeo‘s visits, but trade is bound to be discussed, isn't it? i think visits, but trade is bound to be discussed, isn't it? ithink so, i think the escalating tension is clearly causing huge uncertainty for companies and who are making investment decisions that i

in some instances, china, other countries as well. the us subsidies to straight enterprises, it is bogus on intellectual property — — enterprises, it is bogus on intellectual property —— state enterprises. —— its focus is on. i think china would benefit by having more competition in government procurement, it would be good for china. there's modernisation that i think can help many countries in asia, china included. finally, you're heading into a whole weekend of meetings, what do you hope to achieve with the imf communicate when it comes out? we have to think asa when it comes out? we have to think as a community about the next downturn. we said there are downside risks in the future, we don't know but over the horizon somewhere there will be another recession, there will be another recession, there will be another downturn and it's worth thinking about how to be prepared. david lipton from the imf is speaking to me about what the focus is going to be for central bank governors and finance ministers from around the world as they sit down an

how china was able weaponize its manufacture supply chain. >> our sources tell us that it has subcontractors in china that build these motherboards. a unit of the chinese army was able to get chips at the start of the supply chain and they made their way into the united states. this is a scoop of bloomberg viewers, and explosive story. it may change has supply chains look. it may means that no chipmakers will locate in china in the future. the writers knew that it was a big story. they spent over a year working on it. with over a hundred and gott people confirmation of hardware manipulation from 17 sources. >> we appreciate your time today. for more on the super microchip hack we welcome dave merkel. in terms of the fact that the it will beed, unsurprising, the sheer scale of it are you surprised that? i think we are going to work on his audio. we will take a quick break. more on that hack when we come back. bloomberg. ♪ this is bloomberg markets. welcome dave merkel with us from san francisco. this is been a long ongoing investigation. it may not surprise many that this had ha

don't agree to stop have to develop those weapons unless russia comes to us and china comes to us and they all come to is that they say let's really get smart and let's none of us develop those weapons china is not a signatory of the pact and has been investing heavily in land based missiles now some observers fear it could be joined by russia and the u.s. in a new arms race. gorbachev warned on some of the dangers of a political roll back and read nuclearization. all right for more on this his cross to washington correspondent. hallett's u.s. allies have warned against decision to pull out of the treaty how much support is there in washington for the move and why well when you talk to nuclear arms experts they tell you that they are very concerned saying that this is and would speak very dangerous and that could go and arms race an excellent excellent increasingly cold war like behavior among the u.s. russia and china trump is also facing criticism from democratic lawmakers one. that this decision would be reckless that the white house has to consult the allies in eur

don't agree to stop have to develop those weapons unless russia comes to us and china comes to us and they all come to us and they say let's really get smart and let's none of us develop those weapons china is not a signatory of the pact and has been investing heavily in land based missiles now some observers fear it could be joined by russia and the u.s. in a new arms race. gorbachev warned on sunday of the dangers of a political roll back and read nuclearize ation. now some of the other stories making news around the world u.s. president donald trump stays cool if being made to stop the progress of thousands of one doing migrants making their way to the u.s. border he says they have to apply for asylum in mexico and if they turn to the u.s. will turn them away the group crossed into mexico from guatemala over the weekend. eighteen people have been killed and more than one hundred seventy injured after a train derailed in northeastern taiwan some of the carriages overturned in the crash which occurred when the cars randolf the tracks on a bend near a station investiga

what does all this saved to your7m tells us that china is continuing to expand these camps. a sense of the scale of the programmes. what we do not know is what is happening inside these camps. the chinese are denying. a p pa re ntly camps. the chinese are denying. apparently they learn to speak mandarin and pick up a trade. the views of relatives and those who have escaped these facilities paint a different picture. a prisonlike institution where people are subjected to mental and physical torture and forced to deny the religion, culture and language. what does the fact they seem to be growing say to you? will they be kept there for a long time? there is an indication that china wants to normalise this process. some people may indeed graduate and return to their communities but also new detainees will enter these facilities in the coming out and yea rs. facilities in the coming out and years. the goal is to set up a long—term process where china can rewi re long—term process where china can rewire its muslim population in xinjiang. eradicating extremism and terrorism but also

as the leadership in the learn when i think china will overtake the us china's got a good chance of doing that they were above everybody else people underestimate him and he actually may well be the most powerful country now is certainly the united states but i think china will definitely surpass it in the future but here's the thing china may well become the most powerful in economic terms the people are not so keen on beijing taking the reigns as the globe's moral compass and think the us is still the best option as the world voice of reason trying to place the rest would be copied in the hope of those scary. i lean more towards the usa for their democratic system and human rights so i don't think it would be better if china became more powerful however ranking leaders on doing the right thing and trump is well down the list lower than china's xi jinping. ojo sure. shake loose. but that's not to say that trump and doesn't have those who hang on his every word taze huge in the philippines it seems most people there love nothing more than an outspoken well to mention provocative man in co

how they are going to do that, the latest trade numbers coming out of china, you have to ask us. hina is selling more to the world than it is buying. interestingly enough, china's trade surplus with the united states is also much higher than it was when the trade warfare started. if you look at the monthly numbers, in september, the trade surplus was at 34.13 billion us dollars. that is china selling $34 billion more goods to the us than the other way around and that is, again, a record for the us trade surplus but also it happens after the tariffs kicked in. some of this signing this comes from companies frontloading their orders because they expected trade tariffs to kick in and they would want to get their goods out the door before it happened. thank you very much indeed. let's ta ke let's take a quick look at the markets. they have rebounded. japan's nikkei changed course and ended higher on friday, as investors took heart from gains in chinese shares on upbeat chinese export data. in europe... the volatility that swept global markets this week seemed to cool off a little. kim

suchlike beer talk of the coffee tea things that the climate change is going to do and they help with us china is where the most beers drunk forty nine billion liters a year a threat to the supply could cause a variety of problems the country's center for agricultural policy is on the case which i'm going to call it under the most extreme climate change scenario the beer supply in china will drop by approximately nine to ten percent and there will also be a clear increase of the price. actually china should also make efforts to upgrade crop seeds on technologies to produce a body that can be used to produce beer. more beer drinkers can start tightening their belts now and get used to the idea of a beer less future. so go and enjoy it as long as you can that's all for business thank you very much for joining us remember he can always stay up to date with the latest business headlines on our web site that's d w dot com next time you're in the back. maccallum. such. a much. the to. remain. silent if you ever have to cover of a murder the best way is to make a lot of accidents raring to me about m

an lx products company in 2010, 11 and i was involved in shipping on a daily basis to the south china, the usinternational shipping. customer for the industry of internationalshipping. i customer for the industry of international shipping. i was kind of shocked by how manual that is, i thought shipping a container would be like booking a flight, you go online, see a price, book but in actual fact online, see a price, book but in actualfact i online, see a price, book but in actual fact i waited 3—4 days for a price quote on a major lane like china to the us. when it was shipped the was no track and trace online, i did not know where the container was and when it finally arrived i received a bill which did not match the price quote. the entire industry was 20th century, none of the transparency and automation that we have come to expect another industries. for a small operators i conceivably be an advantage to come toa conceivably be an advantage to come to a price comparison site like yours but surely if it's a big company doing a lot of shipping isn't it cheaper for them to deal directly wit

beer talk of the coffee tea things and that the climate change is not going to go and help with us chinais where the most beer is drunk forty nine billion liters a year a threat to the supply could cause a variety of problems the country's center for agricultural policy is on the case which i'm going to call it under the most extreme climate change scenario the beer supply in china will drop by approximately nine to ten percent and there'll also be a clear increase of the price. actually china should also make efforts to upgrade crop seeds and technologies to produce barley that can be used to produce beer. for beer drinkers can start tightening their belts now and get used to the idea of a beer less future. to drink water you're watching the news i'll see you next time . as long as. you know good day. you know the banks are mine and so watch the language of the bank. speaking the truth global news that matters g.w. made for mines. here see how. high money is right in any of the dots a memoir so long there's. this week.

it is not something i think china would do. spying on uso not think they're trying to interfere. alix: to your point, those remarks from the vice president are released by the vice president and he does say that china uses debt diplomacy to expand influence. the first stone thrown. mr. ambassador, as you look at relations right now, does china need technology from the united states or have they that they can expand and go on without us? max: they want our technology. they are maybe 10 or 15 years behind the u.s. in the meantime, they're going to do everything they can to no longer rely on the united states. going to develop themselves as part as china 2025. they are going to be less reliant on the united states. david: thank you for your time today. max baucus. alix: also here with us on set is vincent reinhart. it seems like a logical conclusion would be, companies have to shift their supply chain. vincent: yes, they do. easy, how hard, how do look at something like that? vincent: that is the hard thing with trade. for high tech, a prepond

, or the ta riffs war between the us and china, or the tariffs on cars going to the us, and thenon, all the other issues they have to consider. yes, it is a complicated time certainly for the car industry as we have heard and in general as well, so what i would say is starting with the global trade tensions, we have had some progress, right, the us, mexico and canada have agreed, it has to be ratified in congress, but at least it has been progress, and i think this is telling. president trump himself might bea telling. president trump himself might be a trueblue protectionist, but the us probably is not and there's a lot of different crosscu rre nts. there's a lot of different crosscurrents. so oui’ there's a lot of different crosscurrents. so our take on this is that these tensions will continue but they will probably not lead to a full—blown trade war, and ultimately there will be concessions from a number of countries that have large surpluses with the us, because they need the us market. brexit is a different and more complicated matter, clearly, the risk of a disruption, dis

china admits it used to ta ke coming from? om executed prisoners and claimed it stopped the practise in 2015. but this campaigner believes that organs are still being harvested from prisoners of conscience, a spiritual movement based on vegetation with sent to this re—education camp in beijing, saying that the practitioners like her were given invasive and unwanted medical tests. i was immensely tortured but at the same time, they took all these practitioners to the nearest hospital and have a body tag, x—rays, ultrasounds and blood tests. three months. another detainee there was released last year also believes organs are being procured from prisoners of conscience. few times, they took my hand and said a window wrapped around my arm, and then took the needle over there and then took the needle over there and then took the needle over there and then took the blood out. and not just me, all of the practitioners. they force you to renounce or believes, if you do not do so, they will beat you up. they choose places like you lex,