i was at the world bank for three years, and we are so much aware that conflict in so many places is driven by lack of food. to have food in abundance around the world is fundamental to keep peace. you can only have good agriculture and food production if you do it in a sustainable way. this is more and more driven in the minds of people in brazil, including all of the people in agriculture. this, brazil is also a country that pays a lot of attention to its energy matrix. energy usedf them in brazil comes from clean sources. more than 80% of our electricity comes from clean sources. more and more, when the power and solar has been important in addition to traditional hydropower. we also have biofuels. moreazil, we consume ethanol than we consume gas. this really has a tremendous impact. to doaged to use this -- this using very little land. as we see the consumption of sugar changing, this is good. in sugar, the cultivating of people, income for many but more and more in a high-tech approach. major source for that, not only for cars and et producingt also in electricity. we do not wast

what are the world bank, ims and agent development bank doing to support the initiative? >> i can speak for them, they are both very focused on transparency and making sure that china follows rules of transparency that are consistent, making sure that have been taken on by those countries, sustainable, and affordable. there is proper financing for infrastructure. and money, loan to own, that is appropriate. >> how do we make sure they are not overly indebted to china and initiating predatory contracts? >> those are conversations that we have had consistently, there is a lot of support from a lot of our allies on this issue. >> i'm about to run out of time. >> the gentleman from connecticut, recognized for five minutes. >> thank you, madam chair, thank you, mr. secretary for being here. i want to revisit the treasury decision to list associated entities under control at the time, by the russian oligarchs, i want to remind you of that pattern, congress was informed december 19th, the day that we are breaking for the holiday break, it is treasury's intention to deal with the

malpass physic of madagascar ethiopia and mozambique meeting with the country's leaders and visiting world bank funded projects the bank said on friday it had increased emergency support from mozambique zimbabwe and malawi to seven hundred million dollars after those countries were battered by a psych loan in march. we're in prime minister. money is meeting with economic affairs commissioner pierre moscovici and rabat morocco the meetings will focus on how to improve and further develop the partnership between morocco and the and the european union especially in the fields of economic and social development. adidas has reported strong sales for the first quarter of twenty nineteen driven by continued growth in developing markets as well as in china and russia shares in the german sportswear giant reached record levels friday on the back of a six percent rise in turnover which continues the winning streak for the company uses market value has grown by twenty billion euros since two thousand and sixteen to sing the company's value to just shy of fifty million euros. the czech republic made headli

the world bank as - others as well. the reason for this, is they bring resources. and i'm not just talking about money. but, resources as a natural - national -- that you might not have. secondly, national actors, sometimes you come with baggage. and, that is not always good, in terms of a teasing - achieving the impact that you want. sometimes it can be really useful to work through other agencies mom - --. finally, there is a question of legitimacy as well. legitimacy, i think is something which is subjective. it is basically, how you are seen by the audience that you are trying to - by those that you are trying to impact. and, legitimacy is not just, it's not some vague concept. it actually means leverage and impact. and it means actually getting the results that you want. so, i would say, there is definitely an important role for multilateral actors, because of what they can bring to the table. >> in a way, strength is being multilateral strengthens the voice of the country. the government of the society, instead of having many individual donor countries coming

we're working through the imf and world bank. so this is an issue.e your concerns, and it is very topical and timely. >> what are we doing with the imf in order to have them pressure china to adopt global norms and practices? are we doing something in that regard? >> we are at both the imf and world bank, where my previous undersecretary david malpass, this is one of his big priorities. and i've personally had conversations with the governor of the people's bank and other senior people there on debt transparency. so this is the -- the french ar leading an effort on this. there is a lot of unity on this issue. >> i'm concerned internationally and particularly latin america. do these developing countries have tools, including internal governance systems that will enable them to appropriately evaluate the wisdom of the china belt and road initiative and other projects, and if not, what are we doing to try to engage that issue in itself? >> well, this is an important area of treasury where we provide technical assistance. and this is a specific area wher

marketing specialist raytheon architects world bank employees and contractors for the pentagon that sounds like the worst beach party ever or. i would be horrified if i walked into a room and somebody was likely over there over there by the window there isn't. a marketing specialist. i am gone no do not invite me somewhere with a marketing specialist. and just 2 days ago it was revealed that a death threat was sent to the peace group code pink by a former member of the us military far right venezuelan opposition activist luis medina a former u.s. marine and volunteer for why do aid stunt told code pink embassy defenders we are coming to get you with plenty of ammunition honestly when you find yourself threatening to murder these people. then you probably should reevaluate your life you know you have got a bit of a rage problem. next week maybe i'll send a bomb to pee wee's playhouse. do you think it creates some rough me to moments when you're constantly sitting on your friend's face. just wondering when you put it all together this spokespeople for the cool loving crowd were market

of mine and i knew a lot of politicians in the west but i rebelled for example when the when the world bank and i.m.f. came to me as saying this is the plan this is what you have to do that i'm sorry i cannot accept that and i went to washington to have the serious discussions then with jim wolfensohn and i bet a presentation at the board of the world bank which is not the standard thing to do in fact i got the support of the russian director those at that they had surprising the whole idea was that we can you cannot develop our army know with this program that comes let's say from africa or somewhere well and here just last month your current prime minister nicolas kind of film mounted that america doesn't support it doesn't comment enough on the armenian democracy why do you think he cares about what wattle there whether the sun the minority here to comment on the wall at my prime as it has with the to say first of all i mean you know is a parliamentary republic and the role of the president is not. the role of commentator of what they were this or that politicians including the prime min

have the serious discussions then with jim wolfensohn and i bet a presentation at the board of world bank which is not a standard thing to do in the fact that with the support of the russian director those at that they had surprising the whole idea was that we can you cannot develop our army know with the stamp program that films let's say from africa go somewhere well and here just last month your current prime minister nicolas kind of film mounted that america doesn't support it doesn't comment enough on the armenian. democracy why do you think he cares about what washable there were. no t. here to comment on the was my prime as the to say first of all i mean you know is a parliamentary republic and the role of the president is not the role of a commentator of what they were this or that politicians including the prime minister had a source and i am sorry for our phrase the. president of the bo so it's not uncomfortable this is let me rephrase it i'm sure you would agree that the relationship in the united states is important for your country because it's a major source of foreign inves

n, is there more scope for cooperation with the world bank? has the relationship been with the new president? jin: during a spring meeting in washington, i had a good meeting with the newly appointed president of the world bank. we had a very good exchange of ideas. i gave them background information about the cooperation between the world bank and aiib. our risk is satisfied by the excellent relationship. i have told him we are dedicated to work with the world bank and standards. with high over the last three years, we have worked with the world bank on financing a number of projects. this is very good. and i think it is a very good beginning. ,rancine: one final question industrial output, retail sales investment also more than expected in china. do you worry about the strength of the chinese economy? , the chinese government is fully aware of the challenges, particularly against the current geopolitical situation. sure that the chinese government could handle all of the tough challenges. they are very experienced weathering the storm's of 1

japan has reportedly been calling on the bank not to grant new loans to the world's second largest economy critics say lending beijing money which is in turn loans to emerging economies for projects like it's must have belt and road initiative represents a double standard so far though there's no sign of funds for china drying up. the a.d.b. has stressed that the priority will be on known threat how beijing to combat climate change and endeavor it says that will benefit economies across the asia pacific region. and i'm joined now by business is clifford coonan who has long experience covering china clifford the asian development bank isn't the only multinational lender that signal close look at chinese status is that's right the world bank is also examining it now and i think people are das questions about do we really need to be lending money to china when as we saw last week we have the belgian road forum in beijing of which china highlighted how it's lending money to other countries in the region and to build its influence and to to move into other parts of the world so i think people a

right so in the us comparatively become a much better place to do business or in the world banking index it stands at $77.00 position right now the more the government wants to bring it down to or under 50 and that has been an important focus area for them so that is a ping that they are like to be focusing on so we definitely think that probably in the coming years india will become a better place to do business of one and thank you very much for your analysis. the fear of missing out despite sanctions north korea says $450.00 domestic and foreign firms have turned up toward spring train fare china russia pakistan and poland are among the exhibitors at the company's fork a fine line it's supposedly the largest trade fair north korea has ever hosted. on the show because medics from china. and textiles aren't trying gets from syria also proudly on display sorry so the hermit kingdom's answer to coca-cola. is for the city to do stories so it's 100 percent made from our country's raw materials it's just like coca-cola it's good for suggestion and promotes blood circulation in your brain. th

isn't the only multinational lender that signal close look at chinese status is it that's right the world bank is also examining it now and i think people are starting to ask questions about do we really need to be lending money to china when as we saw last week we had the belgian road forum in beijing of which china highlighted how it's lending money to other countries in the region and to build its influence and to to move into other parts of the world so i think people are wondering now what is going to happen with with lending and china now the a.t.p. says that it will keep lending for climate change product projects in this case talk about china is that something that's just really needed in china or is this just sort of a face saving measure to keep lending to them but i think as we saw in the in the report just there you can see the era beijing i mean pollution has got a lot better for the environment is very much on everyone's minds so i think projects words environmental issues are something they feel they can still they can still lend the money for i think it's also part of this is a

organization estimates that $7000000.00 people a year die prematurely as a result of pollution the world bank estimates the cost to the global economy in last labor is around $225000000000.00. and just briefly pops ariana has unveiled her luxury fashion brand with louis taught me m.h. in paris is the latest the realises business ventures which includes cosmetics and moderate the flesh and offers a full range of clothing shoes and excess ribs. cofer. nice to visit with you. you go to india. * from trash. to tread. textile waste from garment production is cluttering be involved. in india bangladesh. a fashion label from a stone enough is doing something about it with a well thought out up cycling. 30 minute dublin. if you. think. with the senses. recognise and experience the inexpressible. the cultural magazine. arts 21. 1 t.w. . you're a big idea but what's become of it and what will it look like tomorrow. t.w. gets ready for an in-depth look at the european elections asking the questions that matter for european voters hopes for the new parliament what challenges lie ahead the wrong way to la

also the world bank has its own list as well doesn't it yes and i can mention that . so in the top 10 ranking of the countries we are making the most business 6 are from africa i mean 6 countries are from africa means that there are a lot of changes for our german enterprises and for others what about the advice that you give to s m e's 2 small or medium sized enterprises there are a lot of already involved in africa i guess they could be a lot more they could be a lot more and they just have to to make market analyze this to see in which countries they want to do they want to do business and in which region also because africa is also very well organized region so you have said that you have seen that for instance and they just have to see with their product that was they want to to deal we've where it's the most so they need local partners they need to do their homework also tell me from the other point of view what's your advice to africans or germans good countries good companies to do business with also it will be that's why it's very important also to have a goo

organization estimates that $7000000.00 people a year die prematurely as a result of air pollution the world bank estimates the cost to the global economy in last labor is around $225000000000.00. and just briefly pop star rianna has unveiled her luxury fashion brand with louis vito not me m.h. in paris fenty is the latest the reality is business ventures which includes cosmetics and moderate the flesh an office a full range of clothing shoes and excess records. the phone lines the business with. eco india. from trash to trim. textile waste from garment production is cluttering the environment. in india bangladesh. a fashion label from a stony up is doing something about it with a well thought out upcycling. 90 minutes w. . germany's economy. not a constitution 1st 17. there's no foraging for germany. seems basically 10 seconds this is. shifting powers the old order is history the world is real you know is in itself and the media's role is keep the topic in focus of the global media forum 29 change today one out of 2 people is online who are we following whom do we trust debate and shape the futu

the haslinda:of world bank. you are willing to ease your policy. -- aaa rating of the world bank. you're willing to ease your policy. with that make it easier? >> -- would that make it easier? >> that is something to review. the board would seriously consider using the policy. this hit to growth has increased the output even more. we are not seeing -- credit has also slowed down. aggregates are where we want them to be. what we will be watching his external conditions and the rupee. wellupee has reacted very given the impact of these events. we have actually seen the rupee appreciate during the course. there was some depreciation after the attack in april. now we are seeing it appreciate last week. haslinda: they have wanted this tech transfer to change forward. what are the views on that? where are you in the conversation? you have been in talks with regional as well as global. legislation is in parliament. year to do the conversion. part of the revitalization, we withooking at a strategy someone and give us the guidance and know-how. we have been talking globally and regionally.

forty six out of one hundred ninety countries for ease of doing business that according to the world bank's doing business report for twenty nineteen now to talk more about this we're joined by joined or even be into she's joining us from nairobi hi joy so now joy germany calls this a hell its main focal area in africa but there was recently some criticism from the shares a terrier minister who is saying that europe could actually be doing more on the continent what should we make of all of this well i think maybe he was putting it in context of the e.u. being a little too late in terms of helping the silo region in terms of infrastructure development but i think the e.u. and gemini particular have been in the saddle region for quite a number of years in fact they've completed a thing together we've committed over six hundred sixty five million euros to the development of infrastructure and that is rules in energy access as well as in helping you know we've humanitarian aid as well so maybe the e.u. might give italy to the party but they definitely have stepped up the development aid as wel

organization estimates that $7000000.00 people a year die prematurely as a result of air pollution the world bank estimates the cost to the global economy in last labor is around 200 $25000000000.00. so and just briefly pop star rianna has unveiled her luxury fashion brand with louis taught me m.h. in paris fenty is the latest the reality is business ventures which includes cosmetics and moderate the flesh it offers a full range of clothing shoes and accessories it's. just a business with. the feeling. i was fishing when i arrived here. slept with 6 people in a room very similar it was hard. i even got white hair. that did my language hit me a lot this gives me a little push maybe 2 in truckloads of say if you want to know their story. it's her fighting and reliable information for margaret. the frantic burglar the turks guide for germany's booming chuckle i love berlin. 15 inches 50 stories and 15 very personal tips from berlin is a very best features of a. good. book no planet for our hero max series starts may 25th on d. w. . europe a big idea playbooks what's become of it and what will it loo

the past decade the number of people living in poverty has risen to 40 percent according to the world bank. the newly elected member of parliament or dean dean says only the president can reverse the trend. if i. get sick we'll take a plane and go to the u.s. or europe for treatment by the state the hospital is always on strike that's why we made going on strike eagle i know it's not popular but we have to do it to help the poor. the opposition excuse of sweeping away basic freedoms so we can tighten his grip on power his supporters say he's just got a different style of government. still to come here. a chinese construction company is being accused of disrupting a front. current state. of donald trump. hello again and welcome back to your international weather forecast all across europe we're looking at a very wet scenario that is coming into play particularly down here across the southern part of europe deserve low pressure they're watching coming out of western europe is making its way towards the south and by tomorrow we're looking at some very heavy rain across much of italy across pa

these are described by the world bank -- not me, ththe world bank -- as the "golden decade" in b brazil'shistory,y, with radicalal reduction of poverty, a a massive extensioion of incln of mararginalized d populatio, large parts of the population -- afro-brazilian, indigenous -- who were brought into the society, a sense of dignity and d hope for the population. that couldn't be tolerated. after lula's -- after he left office, a kikind of a "soft coup" take p place -- i won't gogo through the detail, but the last move, last september, was to t take lula da silva, the leading,g, the most popular r figure in brazil, who was almost certatain to win the forthcoming election,, put him in jail, solitary confinement, essentially a death sentence, 25 years in jail, banned from reading press or books, and, crucially, barred from making a public statement -- unlike mass murderers on death row. this, in order to silence the person w who was likely toto win t the election. he's the most important political prisoner in the world. do you hear anything about it? well, assange is a similar case: we've go

closely associated with the cost and volatile parties have been looking at exploiting that for the world bank but in the last 5 years with the new interim want to go and what has happened is people have started taking releasing more closely than cost so when to be. in the early action as well as now they have started exploiting religion so now it's the issue will fall off of us and them against minorities the move lim the christians that there is a new list of the hindus who are a majority so now the struggle between the young people is. already mentioned they will be i did this is very very close to the heart and their identity primary identity right now is their religion in terms of this does not mean that the opposition for example could not see this trend that this is how young people think of potential talk about issues such as employment potential just. for the i did to be is that some of the. opposition was focused primarily on the agenda. and employment on the money that happened in india on the new tax museum that's coming but these were not important to the young people if you will

and south africa is the world's most economically unequal country according to the world bank.ns. unemployment at 27% nationally, is at 50% for workers under 25. the party has failed to truly overcome apartheid's legacy, making space for radicals. just look at the rise of the economic freedom fighters, a party that encourages anti-white sent irmt ef and land distribution without any consequences. it always seems impossible until it's done. thanks for being part of my program this week, i will see you next week. y day, we put our latest technology and unrivaled network to work. ♪ the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. ♪ because the future only happens with people who really know how to deliver it. because the future only happens with people we're finally back out in our yard, but so are they. scotts turf builder triple action. it kills weeds, prevents crabgrass and feeds so grass can thrive, guaranteed. our backyard is back. this is a scotts yard. when it comes to reducing the evsugar in your family's diet,m. c

ticking time bombs that have been warned by focus all over the world the likes of the i am in the world bank the unemployment rate is far too high a lot of young people not doing anything and so that is the key thing rebecca addressing the issue of jobs bringing back effacement into this economy. christine in johannesburg thanks very much for that update. you are watching data news live from berlin stay tuned for a shift which is up next where we find out.

world needs to hear. 'sder majuro -- maduro dictatorship, crime and lawlessness has also spread. we are told that these in venezuela don't rob banks because with inflation what it is, money is worthless. instead they rob restaurants for food. turned gangs have streets into war zones. venezuela has the highest murder rate in the world, more than 70 people murdered everything will day -- every single day. but the maduro regime is not only a threat to the venezuelan people. it is aalso recognize threat to the peace and security of our region as well. the rising desperation in venezuela has fueled a mass exodus the likes of which we have literally never seen in the western hemisphere. as i said, more than 3 million venezuelans have abandoned their beloved country, and it is estimated that millions more will follow in the days ahead. venezuela is a failed state. history teaches failed states no no boundaries -- know no boundaries. terrorist groups seeking to profit from the misery of the visitors wailing -- the venezuelan people everyday. has stood aside well people flee, but has accepted the aid and comfort of regimes in iran and russ

in other action one of the biggest borrowers on the planet from the world bank. simultaneously trying to play thepart of a grown up on the world stage.china , it is time to join the big kids table and play by the big kids rules. right! you are the second largest economy in the world and you're still growing. in 1980 we were 15 times the size of you. and now we are just one and and a half times as big. if this keeps up, you could actually overtake us. but i suspect before that happens, they will be forced to grow up. that's because all of those loans, again come on the top bar was on the planet. all of those loans from the world bank, they will start drying up. all of you always should know that members of the chinese communist ruling party, they all seem to have a sensitive ego. so sensitive that they have taken a real dislike to me. someone who dares to tell it and them, like it is. and this week a state media news presenter launched a personal attack on me. watch. >> she is so sure of u.s. victimhood, so indignant that her eyes practically spit fire. if you are

but world bank has actually just released a report that if belt and road is compacted, the world tradingosts will cut down by 1-2%. the global economic growth will increase by 0%. now, number china has a great three, opportunity for the global liberal system. i mean, today jpmorgan just concluded its 15th china global conference in beijing. actually, the chairman of said, that china has witnessed, the transformation of china benefit all countries in the world from the growth of chinese economy. so that china is now also, the opportunity, china is largest market in the world. now it was 400 million middle-class next year it will , be 800 million. china actually has established china actually has established 850,000 companies in china. u.s. has set up 16,000 companies in china. china is the largest market in the world, and the china export -- canada, actually, today's "global mail" said for the last 12 years has increased 12%, last year, 18%. so it's a great market for canada. thank you. [applause] griffiths thank you. : and, again, we'll get more time in the rebuttals to finish off your p

the past decade the number of people living in poverty has risen to 40 percent according to the world bank. newly elected member of parliament or dean dean says only the president can reverse the trend. if i put the stallone gets sick we'll take a plane and go to the u.s. or europe for treatments paid for by the state the hospital is always on strike that's why we made going on strike eagle i know it's not popular but we have to do it to help the poor. the opposition an accused of sweeping away basic freedoms so he can tighten his grip on power his supporters say he's just got a different style of governing. nicolas hawke al-jazeera could do. on the northern tip of arctic norway there's an unexpected new industry there a photo nolens a usually known for their rich fishing waters where people still make a living from the same but i know i went rather more extreme explains that. 0 degrees. you won't find too many cold and halibut fisherman here one of the northernmost surf beaches in the world and one of the coldest day you can see nude in the phrase in winter darkness or under the midnight

cannot take it for granted, with the work and eat and this is not only us, but friends from the world bank, this is not only about the market comedy, it's about specific sectors in our country, how we can develop a better sector. and improve services and technology in all these new industries relatable technology, biotech, et cetera for that is why international development. they need a good education and good job creation. that is why we are very committed to investment not ownership in columbia. i would like to say that we have these national level focused in the 17th of them. but we also have the national of the annas club, the columbia park. the prosperous country and more equal country. so we believe that through the reality entrepreneurship we will have reduction of 40 columbia in a more inclusive country, more everything. why, because at the beginning of the century columbia, we used to have 50% in columbia after the 17 years we have reduced poverty, their 29% right now. and it looks nice, 29% compared with 50%. but this is not nice, this is not first, this is not acceptable. becaus

loving countries of the lima group and g-7 are working to build support for venezuelan at the imf, world bank and interdevelopment bank. together, we will get aid. the venezuelan families rekindle acess to trade finance so that venezuelans can get goods back on the shelf, extend lines of credit for businesses and help the venezuelan government meet basic needs. once venezuela's democracy is restored, venezuela's future will be bright. and let me be clear, there can be no bystanders in the cause of freedom in venezuela. across this hemisphere, across the world. the united states today again calls on all nations of the western hemisphere to stand with the venezuelan people as they rise up to restore freedom, democracy, and libertad to their nation. freedom springs from the hearts of people all over the world. but as history records, it has always sprung in particular from the hearts of people here in the new world. and i believe with all my heart that freedom will continue to ring, not only across this land, but across this hemisphere, across this hemisphere of freedom. and venezuela will one d

and world bank, the number of cell phone subscriptions topped 8.1 billion in 2018, surpassing t worldopulation of 7.6 billion. >>> leading the news, one of hollywood's biggest stars making an impassioned plea on capitol hill. ben stiller testified before the senate foreign relations committee to advocate for syrian refugees driven out of their homes by eight years of bloodshed. >> in many parts of the world, the term refugee has unfortunately become politicized despite the fact that refugees are real people with real stors. >> stiller shared stories from his time as a good will ambassador for the united nations refugee agency. >>> we have anupdate about a 9-year-old girl hit by a car. the video shows the moment a driver flew into this yard in georgia and slammed into her. after being hospitalized with a fractured skull and a broken pelvis, she's now home. >> i'm doing good, just a few days ago i was walking, but noww i can'talk because it's going to like damage my pelvic bone even mo >> with a long road to recovery ahead, laderihanna sayshe is thankful for everyone who has prayed for

is the fact that the share of the public sector banks in the indian banking system is amongst the highest for any country in the world of a to a 3rd of all the laws in india's banking system are provided by the state or in banks it is the average across the developing nations is closer to one 3rd so yeah . this imbalance where the public sector such a large draw all in does a financial sphere in india is one of the major constraints to india's long term growth potential. good to speak. across the world fish stocks are under threat from overfishing and a changing climate and now rising ocean temperatures could threaten one of the most intact and important fisheries on the globe nick clark reports now from the low for 10 islands in arctic norway. this is what made norway rich long before oil take told all scray in then millions filled drawing rocks across the lafave denial and winter off the winter fishermen here have cashed in on the annual migration south from the barents sea it is a tradition that goes back thousands of year is called his colt it's got it and then it's hold out to dry for several months and what you

but right now, of course, it is an interesting time with lots of big forecasters, the imf, the world bankecord highs. this is about central banks. and central banks pushing away from last year‘s trends of extra tightening. it will suggest money will remain quite cheap and interest rates will remain low in most of the large economies in the world. come backin large economies in the world. come back ina large economies in the world. come back in a few minutes to talk us through the papers. including your gift ideas for baby 5ussex. i would donate to charity. that is what they want. i was thinking of a teddy. i might do a teddy as well! charity is a great idea. 5till teddy. i might do a teddy as well! charity is a great idea. still to come, bring up a global beer brand, we will get the inside track on cobra, we talk to the founding chairman in the studio. before we talk about beer and babies, let‘s focus on something else for a little bit. despite the flow of worrying economic use in the uk, especially in the first—half, european chief financial officers, those with primary responsibility fo

he signed up to a very important report with the world bank about ten years ago called china 2030, fareedidies, open the free market, open up china to much better financial conditions. they want to maintain the commanding heights of socialism, but the debate has been over how much to let the market really open up. and leo hough and his side has been disadvantaged because as president xi fought to take over china in 2011, 2012, he courted the hawks, especially on the economy and the military. so i agree with kevin. politics in beijing are very, very important. and i think president trump frankly knows all about this. >> rana, so at the end of the day, you have this standoff. both sides are inflicting pain on each other. there are people who argue that china is hurting more because it is more trade dependent. oer on the other hand, it's a dictatorship where the united states is a democracy and it feels the pain more viscerally. who's going to blink? >> i think in the short-trm, china has more pain to take, but they're also taking a long view. i was really stuck by xi's latest speech, talkin