his perspective on the future of president xi's china?l: one of the great observers of china and chroniclers of china in the united states. looking back at 100 years of the communist party, china is going to have a big celebration marking its history. it will try to tell a very particular story of what the chinese coming's party is and what its history looks like. when orval looks back at this as somebody who has lived it very directly and chronicled the very powerful the last several decades, he sees a much more complicated story than the one xi jinping is going to try to tell us the summer. orville is very sad about the course of china and the lack of access the people like him have to a country they have traveled in and lived in for many decades. he sees a more uncertain future then that triumphant clear certain image that xi jinping is trying to pervade. also a degree of hope that there will be changes in china. jonathan: always good to catch up. the situation is not changed as far as the u.s. and the rest of the world. the u.s. and e

we are awaiting president xi jinping tacoma deliver a speech.ver a speech. we are told it is an important speech. yesterday we heard about the need for new heroes to carry china into the next century. outlining how far the communist party has come in the last 100 years but also the grip over the party and country. this as we continue to see disputes and intentions over hong kong and other regions in the south china sea, not to mention taiwan as well. alibaba is making a comeback after paying the antitrust fine, part of a crackdown on the internet empire. the e-commerce giant is planning to invest in sydney.com -- suny.com. what do we know so far? >> my colleagues have just reported that a consortium led by alibaba has neared a deal by the stake in a conglomerate. that would be on top of the 20% stake alibaba already owns in suny.com. this is another salvo over the stranglehold of electronics and the fact alibaba is joining shows the company is ready to get back to dealmaking. we are hearing an announcement could be made next week but negotiation

on the anniversary _ president xi jinping. on the anniversary of— president xi jinping.e founding of president xi jinping. on the - anniversary of the founding of the chinese communist party, many questions over hong kongfuture loom large. next say introduction of the national security law a year ago is giving china complete control of this semi—autonomous city. control over its territory has long been a goal of the chinese communist party. every chinese schoolchild is taught about the 100 years of emily asian, when china was weak and divided by foreign nations, when hong kong was still a british colony. there is no doubt the law is changing hong kong. this man was one start of the student protest movement. translation: student protest movement. tuna/mom— student protest movement. translation: ., ., ., ., translation: most of our generation is auoin to translation: most of our generation is going to this- _ translation: most of our generation is going to this. they _ translation: most of our generation is going to this. they are _ translation: most of our generation is g

president xi jinping receiving the highest honor. it will be given to those who served the party in an outstanding manner, individuals and groups as well. that is today. we are hearing on thursday, july 1 the actual 100 anniversary of the founding, the president will give what state media are calling "an important speech." perhaps more about china's rise. of course, there will be news about poverty alleviation, which is a cornerstone of the communist party, 72 years in power. today is just the beginning. july 1, obviously, the anniversary. tomorrow is the one year anniversary of the imposition of the national security law in hong kong. haslinda: these metals are called the july 1 metals. the u.s., meantime, -- china's economics of pharmacy. two hours ago, the u.s. has approved two bills designed to boost u.s. development. tell us about that. stephen: two bills, and the middle and working through the foreign affairs committee on semiconductors. but of the two bills passed by the house, one is to give funding to the national science fo

partly, xi jinping was trying to respond to these new circumstances.same time, china is hoping to have more respect from the rest of the world now that it has economic and military power. it has been longing for the credibility and respect, and the problem is, those shiny things don't come automatically. host: if the words change, will policies change? who are they trying to speak to by changing the tone? >> it's a good question. it's hard to imagine it will be a 180 degree change in strategy. in xi jinping's speech, he did call for a more humble china, but at the same time, he emphasiz that china has to be more open and more confident. it seems that some chinese diplomats have been outspoken and sometimes aggressive on social media. it's not clear this time whether this speech will trigger complete change. host: i wonder if it is possible to know how the public will react if this image is for a global audience. it is very hard to gauge public opinion in china due to censorship and the political surveillance in the country. but i think we can expect mo

coming up, the communist party -- xi jinping said the communist party must stay true. discuss with anna ashton with the u.s.-china business council. this is bloomberg. ♪ matt: this is "bloomberg markets." the president of china says the communist party needs new heroes to carry it into the second century. calling for officials to call on the problems of the people. the leader urged the chinese people to live proper lives. >> all party members must be aware of, observe and practice the ethics, aim to be clean people and do clean deeds. matt: now for a discussion on the -- first of all, what is going on in china right now and then the xi and widen relationship we bring in and ashton of the u.s.-china business council. it seems like a great time to take stock as we reach 100 years of the communist party in china. it clearly changed so much over the last decade and reduced some heroes, i would have thought of its own, jack ma, but in the last few years they have been clamping down on innovative leaders. what happened to china that seemed to maybe be leaning towards more ca

let me go back to president xi jinping. from your perspective -- president biden has talked about his relationship with president xi jinping. what do you know about that personal relationship? guest: biden is very proud of it. he put out the number 24 number total hours in conversations. they gave him a pinocchio or two. it was not a full 24 hours, but he has had a lot of conversations. he says he is the western leader who has spent the most time with president xi jinping. that is important. president trump also had a personal relationship with president xi jinping. they exchanged a lot of letters. they had meetings in person. the idea of having a good relationship, trying to understand your counterpart is a good one, but the question comes, what do you take away from all that interaction? president biden reversed himself very courageously to see china as the major challenge to our country. if he thinks xi jinping is clever then those meetings were important and they gave joe biden insight. he is not dealing with a stupid p

xi's economics armor will oversee china's third-generation chipmaking push. involvement of one of his most trusted lieutenants highlights the importance. as other powerhouses raise to shore up their own industries. coming up, australia's already slow vaccine rollout hits another speed bump as officials narrow the age range for astrazeneca doses. more on that story shortly. this is bloomberg. ♪ this is bloomberg. ♪ kathleen: back to the news we got earlier, olympic organizers may be setting a cap at 10,000 fans. it comes as japan is setting to end its state of emergency. stephen engle has been tracking this. steve, some big steps, but so far, so good. looks like we are going to get some olympics in tokyo. stephen: we might get it after all. of course the olympics have been delayed a year. they start july 23. we have a bit of time. and the vaccination effort for the elderly in japan has begun and will continue in earnest for some time. there is still broad support for canceling of the game among the japanese public, but still, the organizers and the ioc and oth

i would watch xi jinping's speech very closely for any signs of that. does start to change, how does that affect their economic cooperation as the u.s. is also trying to really restart industries that won't be reliant on china? ian: i think for a very long time, the difference between the u.s. and the chinese economic systems were in china, the state captures the corporations, and in the u.s., the corporations capture the state. they have so much special interest power that they can ensure the regulations work the way they want them to. increasingly from the united states, you have a move, and brian deese was quite transformational on this point, saying we are not going to change china's policies, and the united states needs a national industrial policy. we need to be promoting national champions. we need our corporations to become more patriotic. to the extent that there is an alignment, it is increasingly the united states moving towards more interventionist, more strategic, and that won't create less competition from the u.s. and china. it will creat

it seems president xi at least once to see a change.ry: is this a reflection of everything that happened during the pandemic? why now? tom: really good question. pew research did a research of people in 14 different nations. the results were that the image of china deteriorated rapidly last year as a result largely of the pandemic. certainly the fact that china's image globally has taken a battering is part of the calculation. but also this wolf warrior diplomacy has not worked, the argument of many. you need not look further than the european union and philippines, which seemed willing to have closer ties with beijing. that now is certainly not in the cards. you see that investment treaty with the eu has fallen apart. pretty frosty relations between the philippines and china. you also have the fact that president biden has been pretty successfully in reforming these alliances. you saw that in terms of sanctions between the u.s., eu and others over china's alleged abuses. we will have to see whether or not these comments from president

, i'm interested in what he's doing to stop xi jinping and protect america's freedom. embassy, consulate in houston, there was spying going on in our energy industry and great research in institutes of texas. i've seen no evidence of that today. the chinese communist party presents the most significant challenge to our way of life of any adversary that we have out there today. i heard them the other day say they were competitor, china was a competitor. europe is a competitor. japan is a competitor. the chinese communist party wants to take us out. they want to world to operate on a system that looks like the one that they operated, tyranny, hours spent as hallmark of success, i promise you xi jinping will see as weakness and our children and grandchildren will live in a united states that's very different. maria: it was you that pointed out that the ccp has a way of getting inside, they are behind the wall at this point. they have put people in academia, in hollywood and that's why you were able to indict people like the chairman of the biology department at harvard be

so nationalism runs very high, and nationalism under xi has been one of the most potent instruments, weapons, really, of the communist party, and i think that the 100th year anniversary, the performance of it, just is another way in which, you know, this is being expressed. >>> when we come back, i'll ask the panel, are we watching the start of a new cold war? more sun, more joy. neutrogena® beach defense® the suncare brand used most by dermatologists and their families, neutrogena® for people with skin. neutrogena® you need an ecolab scientific clean here. and you need it here. and here. and here. which is why the scientific expertise that helps operating rooms stay clean is now helping the places you go every day too. seek a commitment to clean. look for the ecolab science certified seal. ♪ ♪ they can finally come on over again. the covid-19 vaccines are here. it's up to you. spray, lift, skip, step. swipe, lift, spin, dry. slam, pan, still...fresh move, move, move, move aaaaand still fresh. degree. ultimate freshness activated when you move. people everywhere living with type 2 di

he loves president xi jinping like the devil loves sin. if president xi told dr. tedros to join the taliban, he would say where's the line? the only way to get him to do his job is for president biden to sit him down and say look, dr. tedros, the american people pay your salary. the american taxpayer puts up $900 million every two years. we're your biggest financial contributor, either do your job or we are going to withhold the money and if that offends you, i will help you pack. with respect to china the people of china are good people. but dr. -- or president xi, who runs china, is a gangster. he is right out of good fellows. if you turn the other cheek to president xi, he will just stab you in the neck. now, he will on occasion do the right thing, but only when constantly supervised and cornered like a rat. so, to get him to cooperate here's what president biden is going to have to do. he is going to have to enlist the support of the u.k., canada, australia, maybe new zealand, india, japan, south korea, and the european union and together we're going to have t

when he was vice president and president xi was the premiere of -- i president xi was the premiere ofsident in china, they got to know each other very well, but it became clear in the presidential election that the one area of bipartisan agreement on both sides was being very robust on china. stan; was being very robust on china. stay with us, was being very robust on china. stay with us. james. _ was being very robust on china. stay with us, james, because i want to talk about the bilateral meetings going on today. as well as the main issue of the summit, there are these simmering tensions over the post—brexit trade deal between britain and the eu and how it affects northern ireland and there have been some key meetings in the last few hours, so let me run through them. borisjohnson, here, talking to the french president emanuel macron, according to the french side, macron told boris johnson that he wants to reset franco british relation but only if they agree. boris johnson franco british relation but only if they agree. borisjohnson also sat down with outgoing german chancellor ang

xi jinping ambitions are beyond just economic supremacy.ear he wants china to be the number one superpower not just economically but militarily as well, a threat but militarily as well, a threat equally as oh, i've traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance. trelegy for copd. ♪ birds flyin' high you know how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new dawn, it's a new day... ♪ no matter how you got copd it's time to make a stand. ♪ ...and i'm feelin' good ♪ start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhal

philip: the main message that xi and the party are sending is that they are really good for china andthe party that has had so much success building china and ling it into the world's second-largest economy. they are basically using this anniversary to say we deserve more time in charge. dani: any big announcements we are expecting? philip: thursday, we expect xi to announce china has achieved this goal that has been around about four decades since they started reform and opening up, and the wording is a bit wonky, but that china has achieved the building of a moderately prosperous society. this is a goal that has been trotted out from leaders all the way through, and xi jinping seems set to say on thursday we have accomplished this in the party, and they will take credit for this accomplishment. dani: thank you so much for staying on top of this for us. the big question for markets is can the cyclicals trade come back and who will win, germany or england? yousef: i am going to say england will win. dani: i like it, i have to support them, the home team. that is it for us, the europea

where the grade is incomplete the obama biden administration at 25 percent president xi and they said in 2016 we will not militarize the south china sea. but yet when they started to do that secretary said john kerry and others when you do freedom of navigation readiness plummeted we rebuilt that during the trump administration. the big issue, we are not there yet fully you cannot cut by 25 percent four years and thank you have a strong military. where will they be on the military? you have members of the democratic party chuck schumer, sanders who put bill on the floor. 14 percent across-the-board. that's part of the democratic party. where is joe biden? and secretary austin be to put forth the military budget? so that's out there one final one a huge comparative advantage that the trump administration supplier to the pandemic we were the world's energy superpower to produce more natural gas or renewables in any and this is an enormous strategic vantage. as it relates to china and the energy policy curtailing the production making the russian and iranians very happy. there is a debat

xi, the hud of coronavirus research at the wuhan laboratory. she was told that a novel coronavirus caused and outbreak of pneumonia close to her laboratory in wuhan.

also, president xi's lovable imagery think. by china's president is looking to create a kinder, softer version of his country. we will discuss with the bloomberg's new economy editorial director next. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. turning to our weekly segment on the new economy where we examine how global leaders are trying to solve the world's biggest challenges. china's president is urging officials to create a trustworthy, lovable, and respectable image for the country. it is a sign beijing may be looking to smooth its hard-edged diplomatic approach on the global stage. for more, we welcome andy brown, bloomberg's new economy editorial director. what does this response to maybe donald trump leaving, joe biden moving in -- a response to a global shift toward multilateralism? it seems like this is the xi jinping we saw at davos five years ago? andy: i think it is partly an acknowledgment that the biden administration is doing a pretty good job building alliances now around the world th

xi jinping is tapping a top deputy to help domestic chipmakers overcome u.s. sanctions and take on biden's revival plans for the industry. sources say president she's economic advisers will oversee the third-generation chipmaking push. the involvement of one of the most trusted lieutenants highlights the importance of the initiative for beijing as other global semiconductor powerhouses, including japan and south korea, race to shore up their own industries. still ahead, we are in beijing for a major online shopping festival. jd.com is expected to pocket billions of dollars from its event. plus, the boj is seen drifting further away from the fed, already battling a ballooning balance sheet. our decision day preview is later. this is bloomberg. ♪ y preview is later. this is bloomberg. ♪ kathleen: china's consumption demand is in focus as the shopping festival kicks off at online platforms such as jd dotcom have launched promotions as early as last week to stoke purchases. tom mackenzie is underground at the jd.com headquarters. what are you watching out for? tom

ainsley: before that in december of '13 xi called biden his old friend.iden responded by saying this. mr. president, thank you very much. i say to your colleagues i hope he you don't think i trespassed on taking advantage of my friendship with the president to keep him as long as i did in the other room. but i thank you very much, mr. president, for the opportunity to meet with you again. brian: what happens is since that time president xi has basically gotten rid of all elections and made himself ruler for life. belligerence of china gotten the whole world astounded. the ones that weren't extorted by the belton road program. the way he looks the president responds to the russian president and he hears the way he is approaching china, expecting them to be members of the community saying that they want to do the responsible thing, he is very worried about the direction of our foreign policy. listen. >> this whole thing is absurd. i have got 16 parts of my economy that i consider to be no-go zones. what about the reps of america's economy. so this thing was

there's some tone with that going on today with that very angry language. >> jiayang, xi does seem to nationalism that rana was talking about, there is an element of populism there. it seems to work domestically as it does in many other countries. >> yes, it really does feed upon itself. i think that's what makes this revolution of nationalism so potent, because even among the young, especially those who have not suffered in the culture rev l -- revolution, the great step forward, they have only created china in its successive, economic reforms that have brought prosperity into the country, and they buy into xi's rhetoric of seeing the world beyond china's enemies. the u.s. being one of the possible enemies of china is seen as a country that is determined to bring shame and undermine china's future development. for the young, especially millennials and gen-z who have grown up more connected to the world than ever, they see this as something that they must rally against. so for the rising generation of the chinese, they do, i think, buy into deceased nationalism because it is so strict

obviously a biden xi meeting would be another disaster.n our national interests to let this guy and his team of amateurs meet the ccp without adult supervision. is that of seeing the president get humiliated in europe but it could be catastrophic to put them in the same room with xi. republicans on the hill need to start demanding detailed confidential briefings from the biden foreign policy team. we need to know in detail what issues would they plan to raise with president xi, what issues with expert the ccp to raise with biden and what sort of leverage do we have. what leverage does the ccp have. we also need detailed briefings on the situation and i, the latest from hong kong, what a 7 with the leaders and what is happening with the ccp's military buildup. defense secretary more austin and the entire pentagon team needs to be grilled relentlessly. how would the ccp likely affect i, what could we do in response, what technological advances does ccp have now and what are we doing to counter those advantages and so on and so on. meanwhile

we had a very dramatic intervention by president xi jinping last year when he basically said, we areghurs, china in hong kong and china and taiwan. is the relationship going to sourfurther, do you think? and is there a sense that the g7 nations are on the same page when it comes to china now? i think that the relations will probably stay the same as they are. i think china has really accepted the g7 criticism over the uighurs, over hong kong, and i think they are really just going to stay on course with what they have been doing, frankly. we had some conciliatory words from xi jinping earlier this week, when he said that he thought china needed to use warmer words when addressing the outside world, but we haven't really seen... that is one speech, you know? so this kind of wool diplomacy, as we have been getting from chinese diplomats over the past few years, that has got quite a long track record and i think it would take more than one speech from xi jinping to really change the course on it. there is a different kind of structure that exists, isn�*t there, in this? there is the qua

china's leader xi jinping private enterprises to develop.ub —— communist party in control, hence this endorsement earlier this it year. translation: a party in the state will offer support and provide guidance when private enterprises have difficulties. therefore, private enterprises should strive to thrive bravely. should strive to thrive bravely-— should strive to thrive bravel . , , , bravely. thrive, yes, but with a -a bravely. thrive, yes, but with a party there _ bravely. thrive, yes, but with a party there to _ bravely. thrive, yes, but with a party there to supervise. i a party there to supervise. almost half of private firms now have a party committee. as chinese commonest mark their centenary, the recent struggles of this man tells you a lot about doing business in china. when i spoke to jack ma a few years back, he was approaching the height of his power. a co—founder and boss of alibaba, the world's biggest retailer. china's most famous business purpose —— person, a card—carrying party member. but late last year a crackdown came

jinping. delivered -- president xi jinina. ., delivered -- president xi jinuin, ., ., jinping.e - jinping. you are right. i therefore with the china relationship with the united states, but also china relationship with the europeans in japan and relationship with the europeans injapan and others like australia. it is a variable many years, with the international relations scholars will call a variable geometry. you will need radical differences on the question of taiwan from east china sea, south china sea, and xinjiang. and what is called economic corrosion for the but of the other hand, you will have those areas where their plaintiff demands that china and the us work hand in glove and that is climate, so the ability therefore to were g7 to walk and chew gum at the same time on the geopolitical and human rights radical differences g7 with china on the one hand while still working collaterally with climate change is part of the necessary outcome. i think political leadership gathering will be capable of doing that. you mentioned _ capable of doing that. you mentioned australia

maria: i want you to hear president biden talk about xi jinping recently. i was astounded at the comments and, again, we still do not have a clear understanding of what biden's policy is on china. here he is just a few weeks ago. watch this, governor. >> i've spent more time with president xi of china than any world leader has, 24 hours of private meetings with him, just an interpreter. 17,000 miles traveling china and here. he firmly believes that china before the year 2035 is going to own america because autacracies, we are the only nation organized on an idea. maria: that's it, governor. xi jinping, the president of china thinks he will own america within 15 years. that's what you heard from president biden. governor: it's really astounding. the origins of covid, one of the biggest cover-ups in the history of the country in terms of what they did with the gain of function research, understanding that these researchers had been infected in the fall of 2019 and then to cover it up for months and then to not be viewed at is something of upmost importance to

as china's communist party prepares to celebrate 100 years in power we take a look at president xi's vision for the future. hello and a warm welcome if you have justjoined us on bbc news. in florida, around 150 people are still unaccounted for four days after the collapse of a i2—storey apartment block. officials in florida said the death toll from the disaster had risen to nine afterfour more bodies were found in the ruins. the building is in the town of surfside in miami dade county, a residential complex called champlain towers which crumbled to the ground in just 12 seconds trapping people inside. rescuers have been searching the rubble of the 55 apartments using dog teams and sonar equipment in the hope of finding survivors. our correspondent will grant is at the scene and sent us this report. these things aren't supposed to happen in america. the infrastructure of the richest country in the world, in one of its richest cities, is meant to be solid and reliable. but when the 12 storeys of champlain towers collapsed, almost 160 residents disappeared beneath the rubble in seconds.

>> one of them remarkable things about president xi is how badly he has managed relations. the largest exporter in the world and all the importing countries around him have hostile relations with him. it has got very serious for him on that level, and also militarily. his love has been called by the americans -- his bluff has been called by the americans. and nato has put a foot in the water here. so i think the situation there is much more aligned that it would appear to be, and also much more dangerous for the chinese. >> the thing is, george, how much can nato do, to reign and china's influence? if you take a look at huawei, it made inroads in two infrastructure in europe. you take a look at costco, it bought a majority stake in a major port in greece. so it begs the question, how much nato can really do? >> united states had this problem around the world. and had many assets, and the solution was nationalization. the nation took away those assets are redefined them or text them. when you have an investment in europe -- or taxed them. when you have an investment in europ

the white house now considering high-level talks between president biden and chinese president xi jinping as the president still has not pressed china about the origins of covid-19. we will get into it all morning long. house republicans want report, $2 million diverted. markets reporting flat this friday morning. we are kicking a look the week that was where the federal reserve begun tapering conversation. the nasdaq higher by 27 and a half right now. this after mixed day on wall street yesterday, investors weighing hawkish outlook from the federal reserve with new gains in technology. dow industrials down 210 points yesterday but the nasdaq up 121. that's almost 1% and the s&p was down by almost 2 at 4:00 o'clock on wall street. european markets this morning are mixed. take a look at the euro zone indices here with new rules there. the ftse 100 down 45, cac quarante up 3 and dax indicater by 68. in asia overnight mixed story. hang accepting in hang congress best performer. mornings with maria live right now. ♪ ♪ ♪ maria: now top stories that we are watching the morning. wide open border

xi reciprocated telling biden let me, again, warmly welcome you to china my old friend. bret? >> bret: peter doocy in geneva. peter, thank you. let's bring in our panel early ben domenech publisher of the federalist. juan williams fox news tributer and trey gowdy former congressman from south carolina. ben, your thoughts about what we heard today and what has come out of this. >> well, unfortunately, i think that what we heard today is an indication that once again the biden administration is going to give up the store when it comes to all of these different aspects of american policy. and my question about their foreign policy in this early going really is what are we getting back in return? when we give them the nord stream pipeline, when we eliminate the sanctions against the people involved in that, when we set these arbitrary red lines that will obviously not be honored when it comes to russian cyberattacks, when we engage in restarting the iran deal or any other number of foreign policy decisions, what is it that america is getting in return? i realize that the cri

president xi jinping and he honestly thinks he's going to own us within the decade.on to that is, okay, i'm really glad, mr. president, that you understand the strategic threat china now poses, but my next question is what's the plan and there doesn't seem to be a plan and that's what, i think, is the most upsetting because it's not just us against china. it's us against china plus russia and where are we with our european allies? it would be very difficult for the united states to stand up alone against both of these adversaries joined tat hip. gerry: finally, kt, when you look at jinping and putin and the way they look at biden and this administration, what's your sense of what they are thinking? it's hard to escape the sense that they actually -- they don't see a really formidable adversary, do they? >> no, and the world is now at a tipping point. the chinese and the russians, they are going around the world, america's days are over. democracy doesn't work in the 21st century. look at the financial crisis in 2008, look at the pandemic. democracies don't know how t

only one in 10 australians have confidence in xi jinping.arkable when you consider half the country had confidence in him in 2018, that recently. haidi: a couple of some details that jumped out at me. one is that there is the growing activity over the economic strength of china which previously i think would have been seen as a benefit for australia, and the other thing is is there much at attribution to canberra's role in this? natasha: you are absolutely right. it is still our largest trading partner. that economic relationship is still growing. this is a fascinating development. negative public opinion in australia i think has been responding to security issues, foreign interference, to the crackdown in hong kong as well as to human rights abuses in recent years. what we have seen shift in the past year's after china has targeted australian industries with a campaign of economic coercion, australians have now seen the economic growth in a negative light so you can see that just a few years ago, made in china australia thought that china w

how does president xi get to the fit cycle? -- get to the fifth cycle? hundredth anniversary of the communist party will be a celebration of the development in the last 40 years. looking forward, there are opportunities, investment in technology come efforts to boost fertility to offset the demographic drag from the one child policy. president xi will hope you can deliver on his objective of doubling the size of the economy again by 2035. also the overhang of debt, the slow down of the state sector, and decoupling from the united states and its allies, which threatens to slow the cross-border flow of ideas, which has been a driver of china's development. tom: if you're in shanghai and you wonder back on one of the streets, eve moved back to the french concession where all of the west -- you move back to the french concession where all of the west had their own neighborhood. i've been to the house, it is a museum, the history of the communist party. how attached is the museum to the chinese people? tom o.: it is a great question. when the communist party

next guest says regardless of how the investigation turns out, the government of chinese president, xi a lot to answer for if president biden should be leading international effort to punish the regime chief of staff and national security at advisor to president cheney, senior vice president of the hudson institute. thank you for being here. you say even without knowing exactly where the buyers came from, we still need to hold time to account because it's role in unleashing the virus however it came about was deplorable when you think about the cover-up, people think exiled or even being killed by the regime to shut them up. the fact that they allowed people to leave wuhan and go to other countries when they wouldn't allow them to go to other places in china shows that they were purposely infecting the world with this, right? >> i think that's correct. good to be here, good to have this opportunity with you. i think the president is going to have to ask himself, as are other world leaders, whether xi jinping's government acted responsibly after this deadly virus was loosed wuhan and ca

. >> china steps of its intervention in the market, the move threatens to undermine president xi's pledge to make -- to give markets better freedom. you can see, the s&p 500 ended down by about 0.5%. it was down 1% after jay powell said you have to take those dot plots with a grain of salt. stocks recovered some of those losses but bonds did not recover much of their decline in price. last week, the 10-year down to 1.42%, quite a rebound. how much further will bond yields have to go? for the dollar, up nearly 1%. this is the best closing gain in a year. oil, a little lower. in part because of the worry of the fed tightening, but not hit very hard because there is news of growing inventories. the oil market has a bit of reprieve. haidi: the fed, addicting two rate increases by the end of 2023 as the economy recovers. projections showing 13 out of 18 officials favoring that, up from seven in march. jerome powell also confirmed policymakers have begun talking about talking about tapering. >> the federal open market committee kept interest rates near zero and maintained our asset purchases. t

you've spoken about how you spent more time with president xi than any other world leader.there going to be a time when you might call him, old friend to old friend, and ask them to open up china to the world health organization investigators who are trying to get to the bottom of covid-19? >> we know each other well. we are not old friends. it's pure business. >> that might be news to president xi because when biden visited china as vp, he spoke fondly of their friendship and xi reciprocated, telling biden let me warmly welcome you to china, my old friend. >> shannon: peter doocy traveling with the president. thanks. president biden is describing his summit with vladimir putin as positive saying he did when he came to do. let's get reaction from to mainstream team. former state department official david tafuri and daniel hoffman. great to have you with us. >> thanks, shannon. >> shannon: former president trump took a lot of heat over his relationship with vladimir putin and here's how he is weighing in tonight. >> we gave up something that was unbelievably valuable. i stop

the american workers the winner and general secretary xi is the loser.ays in the lead? i was astounded to hear him make this comment this past week, listen to this , got to get your reaction. >> china is going to eat our lunch, come on, man. that means, i know, they're not bad folks, folks, but guess what , they're not competition for us. >> i've spent more time with president xi of china than any world leader has. he firmly believes that china before the year 3035 is going to own america, because of hypocrisies can make quick decisions. maria: i mean, explain this comment to us. there you have the president of the free world saying i've spent more time with the communist dictator xi-jinping than any other leader and they believe they are going to own america within 15 years. that said, full stop. what's your plan to stop that? >> yeah, i can't speak for president biden but i can tell you, the reason why i came into government is under secretary of state was because of what i saw in china. i've been going there since 1,981. my last trip when i was runnin

to deal with putin, a fairly one-dimensional player, will be the practice run for how he deals with xiutin has issues in ukraine that biden needs to deal with. that is frankly far, far easier than dealing with taiwan, than dealing with the genocide that is happening with the uighurs, compared to putin's human rights violations. so i hope that the biden team got their sea legs under them this time, because there are much bigger things up ahead. >> sarah, welcome to "nightline." thank you both for your time tonight. >> thank you. >> thank you. >>> the bill is passed. >> coming up, days before the anniversary, a new holiday. like many people with moderate to severe ulcerative colitis or crohn's disease, i was there. be right back. but my symptoms were keeping me from where i needed to be. so i talked to my doctor and learned humira is the #1 prescribed biologic for people with uc or crohn's disease. and humira helps people achieve remission that can last, so you can experience few or no symptoms. humira can lower your ability to fight infections. serious and sometimes fatal infections, in

against the last 3 newspapers, it shows you that they no longer care about world opinion at all and xicrack down of any sources of descent and take it one step further and spread propaganda through social media. eric: and what is the result of beijing not caring? you would think at least that would be something similar to international community guardrails against egregious behavior, if that's going out the window, they are basically doing whatever they want? >> right, they can do whatever they want and it tells us a couple of important things. it tells us that china is not going to be real interested in major international agreements if they won't allow free press in hong kong, how can we expect them to live up to climate agreements or arms control. it really is bad from the standpoint of looking at agreements that we might want with them over the next few years, probably not going to happen. the second thing it tells me that xi jinping, china's president, is becoming more and more like the revolutionary leader who cracked down so hard on china and turned it inward and we see xi jinpi

putin, and about -- about xi as well, and we had a long talk. she was very generous. i don't think she would be insulted, but she reminded me of my mother, in terms of the look of her and just the generosity. i said, man, it's been a long time. she said, maybe we can stay longer. we can hold the cars up. she was very gracious. >> the bidens stood on either side of the queen as the u.s. national anthem was played, and the president participated in the inspection of the honor guard. he was walking there across the windsor castle courtyard. then they made their way inside for the meeting and tea time. the royal family tweeted out a photo of the trio inside the state apartments, the meeting lasted just a bit over half an hour. and andrea mitchell joins us, you had a great, big interview with antony blinken earlier. let's talk about his observations, and we're just getting a push alert as well. i want to quickly if i can ask you what came out of israel, specifically inside the knesset, that vote that prime minister benjamin netanyahu has been officially removed from power,