at the moment if you if we look at the discussion about the chinese company huawei and zte and then to eat and all which is like the i.t. industry of china of china like is there a way of of that industry becoming part of the european 5 g. networks for example and what's the u.s. reaction and what is like with all the companies supporting like little tiny parts for any of the goods to u.s. companies than so the big danger i think is that europe and germany will be kind of a might be a victim of a decoupling system of 2 systems so the rivalry at that point will not be healthy a tall it will lead to a very very big problem for for the germany common a commie for the european economies and then also for the world economy so i think there is a point where we everybody has to go back and say do we do do we really want thought and to what extent do we to do we want to to put our positions forward and not and not withdraw who has touched on it's already according to critics of beijing business with china really turns place on an even playing field and that's not the only problem. chancellor a

most people say it is like zte. one is from a revenue perspective. their parts in the u.s. a no go. i don't think there were high hopes for that that would occur. that is now clearly off the table. the second part of it is their internal development. rnd.e ar i think the risk there is in the near-term, slightly less. you would long term, run the risk of creating this dramatically different, dramatically parallel development track. this is what we spoke about earlier, and that occurs at the rnd level for chips. in the near-term, not a big deal in our view. but in the long term, pretty substantial. yvonne: when it comes to development of 5g, will china lead the race? anand: 5g, the value proposition still remains mixed. 5g in china is slightly different because it is being pushed by government. the adoption there will be aggressive and fast. the value proposition, the business case for 5g is not that clear. yvonne: why is that? e of the things about 4g is that you get more data faster. the 4g to 5g bump is there, but are you willing to pay for that? the korean market shows th

peter: zte and huawei, two of china's most important tech companies are restricted on purchases of chipscritical components from the u.s. is xi jinping going to say that is not a problem or is he going to say we have to redouble our efforts to develop our own supply chain that does not depend on the u.s. and as jason said, that has long-term consequences. supply chains take a long time to create. there a lot to it. lining up trusted vendors, making to your specifications, and we are seeing it now. we are seeing that change happening where the u.s. companies -- and i talked to some of them, are finding ways to put plants or move production to vietnam, thailand, taiwan, and they are doing it out of necessity, not preference. jason: we talked china trade with the new dean of columbia business school. carol: appointed dean over the summer after teaching for 21 years at the school. he spoke about how the trade war impacting students crossing borders and is an mba degree worth it? costis: we are constantly looking at the cost of education and trying to take it out of the equation. we work on p

they have already exported it via zte another chinese company down to venezuela where they are implementing the social credit system down there. i mean, we cannot allow a nation like this with the kind of values it has to be able to expand. you are right lou, 600 billion dollars a year in intellectual property theft, that robs americans of jobs. it robs americans of opportunities. they are trying to steal a lot of the technologies as it relates to 5g because they know that will be the network of networks. everybody will want to go to those things. it is going to be, you know, it is going to be the centerpiece of our new technologies. quantum computing, artificial intelligence, i mean the list -- it is not just about 5g. it is about all of these things and president trump gets that. he's trying to put policies in place to address it all. lou: and this president has as you put it he's gotten it for a very long time. morgan wright, good to see you. >> thank you, lou. lou: up next, my thoughts on the gap between president trump's historic accomplishments as president and how he is being portray

and it really looked like what they were going to do when they dealt with the zte and huawei issue earlierut in this negotiation, they seem unwilling. and yet, what exactly is being sought? shery: unwilling or unable given there is more consensus this time around within washington, that something needs to get done against china. anne: there is. but consider this. china would be completely willing to announce several billion dollars worth of soybeans, soybean purchases, auto parts, and some kind of tariff reduction. and then trump could declare victory. he's not doing that surprisingly. shery: let's bring in the hong kong protest right now. 17 weeks, i'm starting to lose count. this is going on for a very long time. putting a lot of pressure on president xi jinping. stayelevant will hong kong as we continue to see this political pushback and as we had already seen from beijing that they wanted to boost other parts of the mainland? anne: beijing has been talking about that for 20 years, replacing hong kong with chong i -- with shanghai. it simply can't happen because the whole point of havin

way, he's almost setting the president up and saying you know if you go easy on them like you did on ztehich last year the president lifted any problems then you might have a problem. >> that's the best point about this, it is very specific. this is hardly an endorsement of president trump's foreign si policy what whatsoever. china has been hurting. they have been front loading the gpd to get ahead of the tariffs. it is going to get worse. if you look at what's going on in the united states, this has been going on for 18 months, every month we hear we're going get a trade deal. we have had the opposite effects. we have become more isolated. manufactured activity has been down for two straight quarters which is a manufacturing recession going on our country. our farmers have been bailed out for 28 billion dollars. i think it is tough to say we are winning this trade war. right now president trump is in danger of going down as herbert hoover. he wants to go down as andrew jackson. >> maybe many companies have been overreliant on china, google being an example, the fact they are moving thei

even if we are successful in convincing our allies that huawei and zte equipment presents significant security risks we've got to have an alternative to point them to. and if we look ahead to the technologies of the future, we need to step up our commitment to funding scientific research if we hope to compete in the decades ahead. it likely will mean a different kind of defense investment strategy. i've worried for some time that we are investing -- we are investing in the best 20 kt century military that money can buy. with much of the conflict, unfortunately ipt unfortunately in the 21st century will happen in domains like cyber, space and misinformation. and many of these areas, like satellites, like supersonics china is rapidly becoming our peer. china spends 250 roughly, but that $500 billion delta, china is investing in all of these cutting edge technologies. the united states needs to ensure that we are no longer overinvesting in legacy systems and platforms. our defense budgets need to better align with the fact that the battlefield might not be the south-china sea. it could b

temperature, not bringing huawei, zte, and other issues like that. both sides like a deal.there is some kind of a deal, we do not know how long it is going to last, so president trump sometimes changes his mind. they like consistency. if they reach a deal, they will try to find some way to keep president trump's feet to the fire so he does not change his mind. paul: ok. we do get something incremental, which seems to be the best case scenario for the talks next month. what looks like being the easiest thing to achieve that both sides can agree to? max: we are all holding our breath, hoping that is what happens. even if it is interim, it is better than nothing. we are likely -- my friends in china, my american friends in china, are more pessimistic about china's economy. on the other hand, there's is rising consumer growth in china which keeps america's business in china, and i think that is helpful. shery:, the flipside of that argument is we are still -- ambassador, the flipside of the argument is we are still seeing issues between the u.s. and china if you only agreed to

president not to let hauwei off the hook or use it as bargaining chip as he did with hauwei's rival zteyear. soros called great foreign policy achievement, i'm shocked actually. >> just like every other democrat in the country, a liberal with a further that's further moving left and embracing that sort of communism authoritarianism. maria: yeah. >> with soros, soros is a liberal and you look at what china has been doing, it's something that does come from the framework of, you know, mind set that a lot of the top leaders in the democratic have now embraced. you see bernie sanders, he does not refer to china as an enemy when it very much is. maria: the president has changed the conversation on china, no doubt about it, george soros has to know that even though he's so against donald trump, i mean, huge supporter of hillary clinton, huge supporter of the democrats, you can't ignore what this president has done on china. >> he says that china -- he's talked for literally years, china is a dangerous rival and at the very end of it he points out why he would be writing this, founder of open