xinjiang is home to the old silk road.rossroads for trade, an important key to chinese economy. it's also where turkic muslims make up the majority of the population. % are kazakh. 46% are known as uighurs. >> that region, xinjiang region, it's the most encapsulated area in the world in terms of information. every single cell tower is monitored. uighurs need to install an app on their phone so china can track, access what they're saying what pictures and videos they're taking. >> authorities show up and say, you're praying too much. why are you putting gas in someone's car? why are you going out the backdoor instead of the front don't ca door of your house? if they don't like your answers, you can be detained for that. >> reporter: i've been coming here to report on these camps since 2015, a witness to the ever-present police state. driving around this town, you can see there's police officers everywhere. put your camera down, police right there. >> reporter: the chinese government says the crackdown is in response to risi

huge, at the minute, that policy, the very repressive policy inaction in xinjiang. at this, and western countries, too. it's very difficult, actually, to call how this will play out because afghanistan has always had this very sort of grinding, complex patchwork of conflicts and relationships. and no government that has ever truly controlled the country? so many regional power players. i went there when you saw the taliban, their resurgence coming back after we'd had september 11, 2001, sort of later, 2006, 2007, 2008, the taliban came back, foreign forces went in, there in the south near kandahar, the canadians, they had their operation there and went in to clear the area, and you saw on the ground, how hard it was even for a major western military, they had satellite photographs, daily planning, moving forward inch by inch, even that took weeks to dislodge the taliban. they left and they came back, snuck back into districts, targeted with explosives, suicide bombers, killed local officials working with the government. we are seeing a similarthing again. it's very

imagery to betteri understand what is happening with the mass internment camps of the uighurs and xinjiangerything, though, is just honestly a lot - more difficult now. i agree with what sha hua wasjust saying. i we should be doubling i down on our commitment to the regionjust because even the smallest thing... _ i remember a few months ago, i was working on a story - about movies in china and how the movie market— was doing really well| during the pandemic. and that is a very. non—sensitive story. we just wanted to get a few voices of movie—goers - into the story, something that normally i would have just - popped out of the office, gone across the street, i talked to a few - movie—goers, gone back and wrote up my story. but suddenly something that would have taken maybe 15 i minutes has broadened into a three hour, half. day ordeal where i have to coordinate with my. colleagues on the ground in china, you know, sendj questions and sort of have this whole back and forth. - and so it'sjust making our already limited ability- to cover the country. comprehensively that much more difficult. b

in xinjiang, it was idle after the discovery of a case of the coronavirus. surging delta variant fx production in asia and disrupt shipping. it will pose more shocks to the world economy. yvonne: cindy, we talked yesterday, now that the covid situation is looking better in china, does it help alleviate the bottlenecks in the port congestion we are seeing across the board? >> yes. it will definitely alleviate this pressure for the time being , but the problem is the unpredictable nature of the delta variant. will there be another accident somewhere in china or the rest of the world that will contribute to another disruption ? yvonne: we are losing cindy wong. out of type a, thank you for joining us. we have been talking about when it comes to shipping rates, we're seeing that, they are just skyrocketing. david: yeah, as rishaad was pointing out, the bulk index is the highest since 2000. a big part of that are the biggest and largest ships. that is vertical. high in at least -- highest in the seven years. rishaad: 10 times, some of these shipping rates, taking

so, for example, in xinjiang province, home to ethnically go muslim minorities. —— uighur.which has been growing for several years now. you will remember in 2019, huawei, the big telecoms giant, was blacklisted by the trump administration. you had 0utroot, a massive conglomerate, they had a big us ipo pulled. we even saw didi, its big new york stock exchange testing was heavily overshadowed by investigations into it by chinese regulators. now, of course, we do not know the full facts surrounding each individual controversy, but the bigger picture is one of huge chinese between the two countries. if you are asking how much things have changed in terms of us—china relations since president biden took over, you would have to say, not an awful lot. in terms of beijing's reaction to this, they say that united states is undermining rights of investors, they are undermining the globalfinancial investors, they are undermining the global financial market order, and that generally, this isjust a continuation order, and that generally, this is just a continuation of anti— chinese oppr

leaving first on may 30th was the xinjiang battalion, the motorized unit attached to the third divisioney left the area around meaux france headed on highways packed with civilians and threatening paris. it was difficult for those troops to get to the chÂteau thierry area. further trouble and their efforts was the fact they were driving for trucks and vans, not the detroit michigan variety but ones that had been made in england, a lesser quality. it's a 22 hours to reach an area nearby. here tires would often go flat. and the troops would have to stop and change the tires. but eventually they made it and. the seventh machine gun was lifted along the -- at the chÂteau. where they help the french. the monument can be seen from the chÂteau, on the river, we lose our camera near the river to continue our story. >> directly behind me is a monument a tribute -- where they helped stop the german -- penetrated this area during the second world war after the normandy invasion and kept the germans from penetrating even further into this area. they're grateful french place this monument and keeps

supply chain and trade concerns the white house is cracking down on silicon imports from china's xinjiang region. and in the u.s., a petition was filed asking that tariffs be extended to china-linked factories in malaysia, vietnam, and thailand the solar industry's association says the consequences of this could be, quote, severe. so tyler, a huge growth opportunity, but a lot of headwinds facing the industry right now. >> pippa, thank you very much. pippa stevens. >> our next guest calls for a pickup in volatility and a pullback, which she says could create a big buying opportunity for investors like you she's identified three stocks in three sectors that are underperforming so far this year utility, discretionary, and staples. she calls them best in class picks. we'll get to them in a moment. first, we bring in rachel aiken, vice president and portfolio manager with rockland trust. rachel, welcome. why are you persuaded that a pull hp back and more volatility is just around the corner? >> well, tyler, good afternoon, and thank you for having me. you know, i think all of us in the invest

questions about the origins of the covid virus in wuhan or the presence of uyghur concentration camps in xinjiangal to recognize the reality of taiwan is looking like an invitation to destruction. amid increased military exercises in the region the new admiral of u.s. indo-pacific command, their threat to invade taiwan is closer that than most people are to think. it's worth noting that russia invaded crimea soon after the 2014 winter games ended in sochi. to provide additional disincentive, the biden administration just authorized the first military sale to taiwan. the core stated purpose of the olympics is to play sport at the service of the harmonious development of human kind with a view towards promoting a peaceful society, concerned with the preservation of human dignity. effectively erasing an entire islands at the behest of larger countries does nothing to advance these goals. neither does ignoring on going human rights abuses and soon to be host nations. accepting a lie is not diplomatic. it makes you complicit and buying into this particular lie of chinese taipei leave the international

how about xinjiang and the slave labor, how about bullying neighbors and using 2020 as an opportunity. and with the olympics coming very quickly, next year, considering we just had the olympics, those are going to take place in beijing. about the last place in the world you would think of for winter sports. winter olympics are going to be there, that's like doing mardi gras in utah. we can't get our people to talk seriously about a boycott of that. so we're going to be celebrating olympics when there's slave labor in concentration camps just a couple hundred miles away in xinjiang. the idea that companies can capture this giant market, this goes back to when the british were fooling around in the opium wars and thought that's a huge market, we'll capture it. the chinese will never let you take over of this market. it's a mirage that our people keep pulling for. with the biden administration, they have continued some trump policies. if you're not sort of expanding them, if you're not adding new things, people figure out a way to get around export controls and get around some of the tar

we will look ahead to the start of trading in hong kong, shanghai, and xinjiang.markets: the china open" is next. this is bloomberg. ♪ ♪ >> 9:00 a.m. in beijing and shanghai. welcome to "bloomberg markets: china open" i am yvonne man. jay powell liens darvish, signaling a gradual withdrawal of policy support. >> it will not be intended to carry a signal regarding the timing of interest rate

haidi: the xinjiang is rejecting a regulatory move from the ipo.out the law form under -- law from under scrutiny at the moment? reporter: there were not many details in the notice but they are advising that the chip unit is being thrown by the crs e. that is why it has been suspended or the review of it has been suspended. we don't know what the deal is or what they are focusing on. this came to us on the weekend so it is hard to get more details. shery: what we know so far is that the chinese tech companies have really received the spotlight from regulators. reporter: they have indeed. they have indeed. there been cracking down on all of their private enterprises. it is from ride-hailing to food delivery and the pursuit of social stability. that being said, electrical vehicle companies and those related to that haven't been targeted and fits with china's ambition to cut down carbon emissions. it is not clear yet if that is linked to that. it might be completely separate. byd shares and others have rallied. so far, it is not clear if this comes as

we are coming down to the start of trading and hong kong, shanghai and xinjiang.this is been. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. (announcer) if you've struggled to lose weight, you might think you were born with a slow metabolism, but what you may have is insulin resistance. fat becomes trapped inside your body and it becomes very difficult to lose weight. now there's golo. golo works to reverse the effects of insulin resistance, increase metabolic efficiency, and targets stubborn belly fat. join over two million people who have found a smarter way to lose weight and get healthier. go to golo.com and change your life. that's g-o-l-o.com. >> it you

china, with its border with afghanistan, obviously that's the region of xinjiang, where china has thater truly controlled - relationships. and no government that has ever truly controlled the l that has ever truly controlled the country, yet so many regional power players. i country, yet so many regional power -la ers. , ., players. i went there when you saw the taliban. — players. i went there when you saw the taliban, their _ players. i went there when you saw the taliban, their resurgence - players. i went there when you saw. the taliban, their resurgence coming back after we'd had september 11, 2001, sort of later, 2006, 2007, 2008, the taliban came back of foreign forces went in, they're in the south new kandahar, the canadians, they had their operation there and went clear an area, and you saw on the ground, how hard it was even for a major western military, they had satellite photographs, daily planning, moving forward inch by inch, even that took weeks to dislodge the taliban. they left and they came back, snuck back into districts, targeted with explosives, suicide bombers, ki

want to overtake they invaded india they went into hong kong start throwing -- in jail, they have xinjiange look at you for leadership you are going to open up shop now and and an your operation in china after what we know about the ccp. >> we've had plans for 30 years going to china, and unfortunately we just said you can say you that about a lot of countries around the world when we do something in a foreign country for american foreign policy you may not believe but american foreign policy wants a jpmorgan to properly expand serve american companies other companies be part of that at a point in time they decide they don't want to do it we simply will not do it, it is not every country can do whatever it wants again not -- those some things you mentioned are terrible i think they are barking up wrong tree but me jumping responding all the time like a -- bunny doesn't is not going to fix the world, we will have very rigorous policies how we do business where we do business how we do american law and that is what we're going to do. >> as a fiduciary duty relates to vefk this chinese compan

there's a genocide going on in xinjiang and china has global ambitions that are just getting startedss us. so our bankers are facilitating that now, maria and that's the big problem. it's ironic because the original jp morgan, 100 years ago, was bringing european capital over, principally from london to finance the rise of the united states to build our railroads, build our steel companies. the original jp morgan helped build america, a real patriot. here you have american bankers financing the rise of our primary adversary. there's really no excuse for that. the hear no evil, see no evil approach here -- they're directly bank rolling our primary adversary and competitor and this is one of washington's most important problems that we have not yesterday focused on and -- not yet focused on. we will lose this contest. maria: let me put -- let me underline. that roger robinson was here yesterday and he said this, the greatest financial scandal in world history, the multi trillion dollar underwriting by a democracy of a totalitarian police state bent on its utter destruction courtesy of

stranglehold on the department of economic and social affairs to officially silence the weaker muslims of xinjiangthey used their status as members of the human rights council as cover for horrendous human rights violations in tibet, in mongolia, taiwan, hong kong, and on the mainland. in 2019 we confirmed whistle-blower testimony that revealed the office of the high commissioner for human rights sent the names of activists critical of the chinese communist party straight to beijing. and last year we watched the world health organization praised beijing for lying to the world about the severity of the disease that would eventually cause a deadly global pandemic. madam president, we're in damage control mode. by the end of 2021, the u.n. will hold nine elections for heads of specialized agencies and five for major funds or programs. we control exactly none of these positions. our task is twofold. first, we must fill these voids. we don't have a choice. but we must also inject accountability by holding ourselves accountable for the integrity of our own relations with the u.n. and foreign countries.

so for example, in xinjiang province which is home to uighur muslim ethnic minorities.listed by the trump administration. another group, the big chinese conglomerate they had a massive us ipo pulled earlier this year at the last minute. another�*s new york stock exchange listing was overshadowed by investigations into it by chinese regulators. we don't know of course the full facts surrounding each individual controversy but the bigger picture is one of his journeys between the two countries. if you asking, how much have things changed in terms of us — china relations since president biden took over, you would have to say, not an awful lot. in terms of beijing's reaction to this when they say the united states is undermining the rights of investors, undermining the global financial market order, and that generally this is just a continuation of anti—chinese oppression. bristol international balloon fiesta will be putting on a fiesta fortnight — it starts today and will see hundreds of hot air balloons taking off from multiple locations across bristol. it's been a diffic