four chinese christians, -- for chinese christians these are , desperate times. beijing is also cracking down on buddhism. over the past decade over 150 tibetan buddhist monks have lit themselves on fire to protest china's belief and culture. jang -- jing jang the communist party has , imprisoned more than one million muslim in government camps where they endure around the clock brainwashing. survivors of the camps have described their experiences a deliberate attempt by beijing to strangle weaker culture and stamp out the muslim faith. as history attests though, a country that oppresses its own people rarely stops there. and beijing also aims to extend its reach across the wider world. as hudson's own dr. michael pillsbury has written, china has opposed the actions and goals of the united states government. indeed, china is building tats -- its own relationships with american allies and enemies that contradict any peaceful or productive intentions of beijing. in fact, china uses so-called debt diplomacy to expand its influence. today that country is offering hun

they also alert chinese consulates and embassies when chinese students and american schools stray from the communist party line. at the university of maryland, a chinese student recently spoke at her graduation of what she called "the fresh air of free speech in america." the communist party's official newspaper swiftly chastised her. she became the victim of a firestorm of criticism on china's tightly controlled social media. and her family back home was harassed. as for the university itself , its exchange program with china, one of the nation's most extensive suddenly turned from a flood to a trickle. china exerts academic pressure and other ways as well. beijing provides generous funding to universities, think tanks and scholars. with the understanding that they will avoid ideas that the communist party finds dangerous or offensive. china experts and particular know that their visas will be delayed or denied if their research contradicts beijing's talking points. even scholars in groups that avoid chinese of funding are targeted by that country. as the hudson institute found out fi

for chinese investment as you you know paused. maybe you're paying at the international investors they said our factory the main base play in china and now they continue to do that china is becoming more open and all the more chinese the probably are also going what five m. to europe to develop the our european business so i think it's mutual cooperation and a new jury investment just briefly should china is becoming more open trying to resist gradually increasing foreign engagement with its companies but mostly at a distance you'd have to admit. you know that's our unique role we can play because it's a joint ventures so we can help the chinese at a price to decrease the communication coast to wave the european investors we support the high quality chinese you know price to go to the european cup the markets while we bring the a g. of the new opportunities for the european base or to invest in china directly is that gen think you very much for joining us the c.e.o. of signing. thank you and just briefly was sorry to report you di

but the chinese market is really untapped. as the government of kenya, we want to support the growth to take the products there. but it has not done that. >> our manufacturing capacity is not fulfilled because we are not fully competitive yet and we do need government intervention to urgently address our competitiveness. secondly, there are no preferential trade agreements also with china. rishaad: at the same time, both manufacturers and kenya's leaders see the increasing number of chinese firms as a positive. >> we welcome chinese manufacturers to the manufacturing fold. manufacturing is part of the big four agenda driven by the government. and we really need as much investment. both local direct investment as well as foreign direct investment into kenya to create a strong manufacturing hub. rishaad: the president's big four agenda aims to boost manufacturing to 15% of the gdp from around 9% by 2022. and homere -- construction are the rest of the growth. >> just the extent of manufacturing we see is creating thousands of job

>> the chinese. reporter: chinese firms are turning the tropical wood into luxury floor panels, which are then shipped to germany, belgium, the netherlands, and elsewhere. xu: you have some wood that looks red or some wood that looks yellow, or even purple, like purple heart. it's purple. it's really rare for a wood species to be purple, actually, and people are like, "wow, we want to buy this." reporter: one company allows us to visit and take a look around. the family business has been operating in suriname for 20 years. for its director jimmy chen, time is money. each month, he ships ten tons of wood to europe alone. the business is a gold mine. but still, chen is restless. jimmy: if my business is having problems, i can't sleep. my brain starts rattling. the chinese mentality is to work hard. i once did double shifts for three years straight. reporter: chen's son is slated to take over the family business. the supply of wood seems endless, labor in suriname is cheap, and the government is generou

yes, so in 199a we first enacted tariffs on chinese garlic. the problem with thatis chinese garlic. the problem with that is those tariffs are assessed and build only after chinese exporters are proved to be illegally dumping garlic. so we would look to have enforcement of existing law, enforcement from homeland security and from customs. the nice thing about the new tariffs is they are all signed up front so chinese exporters can no longer use duty to get around these tariffs. that was ken christopher, a garlic farmer from gilroy, california. we have seen recently how artificial intelligence is making inroads into the medical industry as well as several hospitality sectors, and the global company liquidnet is looking to use ai global company liquidnet is looking to use al to create the same impact in the investment market. i spoke to the founder and chief executive of liquidnet and asked him which histories could benefit from technology leveraging. technology is a great enabler in this world today, so you see that technology is really destructive, and it has made more efficient the

—— having on the chinese economy? we have had data which rang some alarm bells, today we saw the people's bank of china change its policy to help chinese banks lend out more money and therefore boost the chinese economy. what is the picture looking like? clearly this has come at a very difficult time when china was already facing a much wea ker when china was already facing a much weaker and to the year in terms of its domestic economy, and so far, although the trade frictions are causing some impact if you are looking at sentiment, on actual trade figures, actual net exports, there has been a drag on the economy. you know, earlier in the year, the actual impact is really, for example, further depreciation expectations for the currency. the immediate impact is not actually on the trade volumes, as such. that is in the months to come. you say that is to come in the months to come, it is to come in the months to come, it is the same for the us as well. at the moment the us consumer is not really feeling the impact of th

people will be fully mobilized behind the chinese government and the chinese military. u.s. allies are rounding on washington as a trade dispute over metal tariffs reaches the world trade organization mexico canada and european countries are alarmed by washington's behavior and the potential damage it could cause. this collective resorts to dispute stance woman reflects the serious concern of the membership of the united states actions norway's worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns. donald trump slapped an import charge of ten percent on aluminum and twenty five percent on steel back in march america's biggest trading partners retaliated with taxes on a long list of u.s. goods banking strategist peter peter ross and strike thinks trump is not motivated by economic gain. to become a highly political highly charged environment you know there's additional political threats that you know if if the rulings don't go in the u.s. is way. that the u.s. would withdraw from the deputy oh

there is definitely steps the chinese can take. big structural changes like liberalizing the exchange rate, or opening the capital account, that is probably not stuff the chinese want to do. it is certainly not in america's interest for them to do it. so, i would say there is a sliding scale of changes. i think the problem is the chinese are resistant to doing anything because they feel they have a gun pointed at their head. shery: all structural changes you just mentioned, it is not like the chinese have not tried. they have tried, but at the same time there have been limitations and they worry about destabilizing their own economy. so, how much can china realistically do without hurting their economy when it comes to opening up their own market? evan: you have to separate liberalization of the financial sector from liberalization of the broader services sector. if they wanted to liberalize transportation or health care or logistics, they can absolutely do so in a meaningful way that would have a significant benefit for americans

they were chinese immigrants to the u.s. [applause] i was raised with a confluence t chinese parenting values. i always say that i had two tiger mothers in the house. but you know then i had these wonderful values that came to me from my american upbringing and the public school system. in 2010 my husband and i happened to move to shanghai for work,pp we're both journalists d 2010 was a monumental year if you're an education watching because of a test calls pisa, so the odc goes around to 70 countries and ranks 15 years old in math, reading, and science. and low and behold, shanking hi where he had just landed, china's trophy city of 26 million people came in number one in the world. president obama in his state of the union says asia's rise is sputnik's moment. arne duncan said this is a wake-up call for memories, and happened to be in shanghai with a kid in local public school. i wanted him to learn mandarin, but it was the coninfluence of circumstances that led me to want to pull back the currenten on smof some of these i

people will be fully mobilized behind the chinese government and the chinese military. u.s. allies are rounding on washington as a trade dispute over metal tariffs reaches the world trade organization mexico canada and european countries are alarmed by washington's behavior and the potential damage it could cause this collective resort's a dispute stance woman reflects the serious concern of the membership of the united states actions norway's worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns donald trump slapped an import charge of ten percent on aluminum and twenty five percent on steel back in march america's biggest trade partners retaliated with taxes on a long list of u.s. goods banking strategist peter ross and strike thinks trump is not motivated by economic gain. become a highly political highly charged environment you know there's additional political threats that you know if if the rulings don't go in the u.s. is way. that the u.s. would withdraw from the deputy oh it's importa

that is nature of the chinese regime at its heart. they have a lot of people and they use very blunt tools to try and reshape the organisation of their society. what do you think it tells us about xi jinping's vision for china? it reminds me of tiananmen square and the cultural revolution. this is the chinese particular brand of totalitarianism. rewiring people's brains so they come out either dead or agreeing with you. that seems to be the chinese model and it is not... the business of the internal minority, the russians and the chechens. there are parallels. but the chinese seem to have a particular way of going about it. people thought that as china had economic prosperity, people would then start wanting political change. and that things would change and thatjust hasn't happened. in the history of china, we have seen that before in 1976, i think, during the cultural revolution. mao zedong at that time felt that the people needed to be re—educated. the scale of this is staggering and the global times reported between january and

i didn't accuse the chinese. chinese being a colonial all it says i didn't accuse the chineselj i didn't accuse the chinese.” nearly said that are other forms of colonisation and one of those was neo— colonies and colonial. colonisation and one of those was neo- colonies and colonial. are you worried about the chinese when you say and other form worried about the chinese when you say and otherform of worried about the chinese when you say and other form of colonialism? they don't seem to be in any way angry with me. because of what i said regarding colonialism. do you see them as bringing about a new form of colonialism with their one belt 0ne road infrastructure products? no, that is ok. some people sell big pieces of land to the chinese where they are going to build a city which is very luxurious. it is for their people to come and live there. 700,000 of them. that is not foreign direct investment. foreign direct investment. foreign direct investment is about bringing money, bringing technology, setting up

to the chinese african research initiative. short-term, painful long-term gain. in terms of taxes. we want to pay for the opportunity. >> the question is, are those loans used in the right manner for the right project that will generate the right type of revenues for the african country? leadingis africa's producer of edible oils. local companies can grab opportunities its leaders pull together. >> you wanted to be a two-way street. you want access to the chinese market, you think you will get that. i think this is where we are becoming more productive. adding more value to our products. that is the great hope. will it happen? i think it is up to us as africans to make it happen. to make sure we do it in the right manner and become competitive. we are allowing china or europe to come in. i will to call the leadership in africa. you talked about the african union. it is still talk. it is nato. no action, talk only. we have got to make it happen. >> still coming up, chinese basketball fans are in for a two china games kicking off

>> the chinese. reporter: chinese firms are turning the tropical wood into luxury floor panels, which are then shipped to germany, belgium, the netherlands, and elsewhere. xu: you have some wood that looks red or some wood that looks yellow, or even purple, like purple heart. it's purple. it's really rare for a wood species to be purple, actually, and people are like, "wow, we want to buy this." reporter: one company allows us to visit and take a look around. the family business has been operating in suriname for 20 years. for its director jimmy chen, time is money. each month, he ships ten tons of wood to europe alone. the business is a gold mine. but still, chen is restless. jimmy: if my business is having problems, i can't sleep. my b brain starts rattlilin. the chinese mentality is to work hard. i once did double shifts for three years straight. reporter: chen's son is slated to take over the family business. the supply of wood seems endless, labor in suriname is cheap, and the government is gene

people will be fully mobilized behind the chinese government and the chinese military. u.s. allies are rounding on washington as a trade dispute over metal tariffs reaches the world trade organization mexico canada and european countries are alarmed by washington's behavior and the potential damage it could cause this collective resort's a dispute stance woman reflects the serious concern of the membership of the united states actions norway is worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns or donald trump slapped an import charge of ten percent on the low minimum and twenty five percent on steel back in march america's biggest trade partners retaliated with taxes on a long list of u.s. goods banking strategist peter rosen strike thinks trump is not motivated by economic game. it's become a highly political highly charged environment you know there's additional political threats that you know if if the rulings don't go in the u.s. is way. that that the u.s. would withdraw from the depu

people will be fully mobilized behind the chinese government and the chinese military will be fully mobilized into action and that means china and the united states may really stare at each other each other's i and these two nuclear weapon ob the countries you are talking about a possible i'm a god i'm evolving mankind as a whole the view from beijing victor gao director of the china national association of international studies thank you for a full and frank interview this hour. the devastating conflict in yemen has long been regarded as the world's worst humanitarian crisis but it's a war that's bypassed nearly half of people in britain according to a new poll what makes that more alarming is that the u.k. is the second biggest supplier of weapons to the country waging the bombing campaign is probably political report. it's taken the lives of thousands of civilians and caused an unprecedented humanitarian crisis and yet according to a new poll almost a conference the people in the u.k. have no i did that there is a war taking place in yemen a war in which a saudi led coalition is

a subsidy for was chinese manufacturers. you should expect to see this have an effect on alibaba and others. this will not be welcome news for them. there is a. where this treaty to be renegotiated. >> thank you. whatg up next, look at could be the next titanic of chinese debt. this is bloomberg. ♪ you're watching daybreak australia. let's get more on china now. there are problems piling up increasingly at home. local governments may have racked up debt. suggesting further defaults may be just around the corner. our guest joins us from hong kong. these are official numbers that we do know. this is in the gtv library. we talk a lot about the chinese debt gdp ratio. corporate debt makes up the lion's share. government debt is a small part. much ofook at this, how balance sheet liabilities are we talking about? aboutsue we are talking is financing vehicles. >> the actual number is difficult to put a handle on. that is what the chinese government is trying to figure out is how much of the debt in various forms are at the local

not just the yuan, but chinese equities. a lot of the etf's are pricing in a negative restart to the weekend that means all of asia is nervous. , in terms of theel economic story, really strong blowout numbers. that should be good for some countries in emerging markets that supply the u.s. consumer. clearly china is different and the tensions are clear to see. if we leave out china, are there parts of the emerging-market space you like? fabiana: there are, but 50% of the value added that is in chinese exports to the u.s. comes from the rest of asia. clearly, other countries will also be impacted if the trade war is continued to escalate. we feel like stable countries -- but weiwan, korea are concerned about the further escalation of trade wars and what you see is, although a base case scenario is at some point, we will come to an agreement, you have seen the impact on earnings revisions for countries. with a focus on treasury yields, how high does the market think treasury yields will go? how low do yields go on a bad number

chinese stocks keenly watched. aussie dollar trading at 70.76 after following to the two and a half-year low. we'll have jpmorgan's take on the chinese economy and the yuan. the senior ekist will be joining us in about 10 minutes. daybreak asia is next. ♪ ♪ heidi: i am haidi in sydney. australian markets have just opened for tray. shery: i am shery anh. >> welcome to daybreak asia. shery: asian futures are lower following a mixed day on wall street. the rand continuing to stride. -- continuing to slide. the fangs fell, facebook clo

are you worried about the chinese being a colonial... i didn't accuse the chinese, i merely said that are other forms of colonialism and one of them was neo—colonialism which was coined by president sukarno. that's what i said, i didn't accuse the chinese of... sukarno of indonesia, former. are you worried about the chinese when you say and a new form of colonialism? is that who you're pointing the finger at? they're still coming, they still want to invest in malaysia. they've seen me, many of them have seen me, even recently, and they don't seem to be in any way angry with me because of what i said regarding colonialism. but do you see them as bringing about a new form of colonialism with their 0ne belt 0ne road infrastructure products around asia? no, not at all, one belt 0ne road is ok. but, you see, some people sell big pieces of land to the chinese where they are going to build a city which is very luxurious. it is for their people to come and live there, 700,000 of them. that is not foreign direct investment, foreign direct inves

chinese don't see it that way. as i mentioned they see this debate in the white house, they see the american business community to be on their side. they see the maerp economists with the exception of one economist, peter navarro, who happens to have a harvard phd, and as long as they see this hope in beijing, they're probably not going to make an offer until the pressure is really ratcheted up quite a bit higher. >> were you surprised the president calling out china at the security council meeting? >> no, i think it's something that's been known by our intelligence community. vice president pence just to quote his speech an hour from now, he's quoted as planning to say that an intelligence official, a very senior one holding with china much more than russia did. >> caller: yes, hi, i appreciate your candor in saying i'm wrong, but all i can say is -- i'm wrong, wow, okay. >> that's why you shouldn't listen to me now, jennifer. i might be wrong again. >> at all of 10 years old when i would travel to western massach

are you worried about the chinese being a colonial... i didn't accuse the chinese, i merely said that are other forms of colonialism and one of them was neo—colonialism which was coined by president sukarno. that's what i said, i didn't accuse the chinese of... sukarno of indonesia, former. are you worried about the chinese when you say and a new form of colonialism? is that who you're pointing the finger at? they're still coming, they still want to invest in malaysia. they've seen me, many of them have seen me, even recently and they don't seem to be in any way angry with me because of what i said regarding colonialism. but do you see them as bringing about a new form of colonialism with their 0ne belt 0ne road infrastructure products around asia? no, one belt 0ne road is ok. but, you see, some people sell big pieces of land to the chinese where they are going to build a city which is very luxurious. it is for their people to come and live there. 700,000 of them. that is not foreign direct investment. foreign direct investment is abou

chinese car maker nio has a big idea — battery swapping. a driver rolls into a battery swap station, and a robot replaces the drained battery with a fully charged spare. quite a good idea. it has already opened stations in major cities across china. don't forget, let us know what you are spotting online. and what you think of the show more generally, if you like. use the hashtag, #bbcthebriefing. that is it for the business briefing this hour. i will have a quick show of the markets if we can. we have seen a bit of a downturn yet again when it comes us market. some earnings missed expectations that pulled the us market down a little bit, and we have seen the session in asia actually done as well. there are some concerns that they are cash—strapped companies, particularly in china, and that news in china coming in a little bit more downbeat was expected. that has pulled some of the markets down as well. that is it for the markets. i have plenty more for you in a little while, but i will see you in about ten minutes for the newsbriefing. se

people will be fully mobilized behind the chinese government and the chinese military. yes allies are rounding on washington as a trade dispute over metal tara three inches the world trade organization mexico canada and european countries are alarmed by washington's behavior and the potential damage it could cause. this collective resort to dispute settlement reflects the serious concern of the membership of the united states actions norway's worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns. trump slapped an import of ten percent on twenty five percent on steel back in march america's biggest trade partners retaliated with taxes on a loan list of u.s. goods banking strategist peter risen strike things trump is not motivated by economic game. become a highly political highly charged environment you know there's additional political threats that you know if if the rulings don't go in the u.s. is way. that the u.s. would withdraw from the deputy oh it's important to realize that everybody r

people will be fully mobilized behind the chinese government and the chinese military. the devastating conflict in yemen has long been regarded as the world's worst humanitarian crisis but it's a war that's bypassed nearly half of people in britain according to a new poll what makes up more alarming is that the u.k. is the second biggest supplier of weapons to the country waging the bombing campaign has more on those findings in a moment but first here's a look at just how much of a toll three years of war has taken on the yemeni people. i want to find out how much people in london know about set high do you know what's happening in yemen. so. i'm afraid i. don't. know sorry what's happening in yemen. there's a wall. saudi arabia. or some middle east politics i have no idea do you know what's happening in yemen sorry do you know what's happening in yemen. it's taken the lives of thousands of civilians and caused an unprecedented humanitarian crisis and yet according to a new poll almost half of the people in the u.k. have no idea that there is a war taking place in yeme

but i think the chinese policymakers were to realize that. professor, you see a transition when it comes to the smaller and private companies in terms of them being impacted by loosening monetary conditions. li: right. largelyors are unaffected by this. it has more to do with the bank financing. private sectors usually have to pick up the scraps and what is left over. and when the deleveraging is going on particularly in the shadow banking sectors -- they are being crushed by policymakers. and so you see these deteriorating financial conditions that the private sector is experiencing. that is what we see in the data. >> professor, thank you so much. we will have to leave it there. repressor li wei -- professor li wei from cheung kong graduate school a business. if you missed this interview, the bloomberg function. you can see us live as well as see the charts. if you have a question for our guests, lower left "ask of the guest a question" is right there. this is bloomberg. ♪ >> this is daybreak asia. us get a quick check of the latest busin

in the spratly islands and south china sea and what was different about this i think was the chinese fighter scramble. that sounds like an escalator. well the again from an american perspective the escalation was the chinese speeding to militarized these islands in the first place moving its military capabilities doubt into that region gauging a provocative behavior against the commercial activities said military forces of other minor countries in the region that have claim to those islands so it's a response to chinese intimidation rather excuse me how is chromos being intimate. in the south china sea there's been no military forces nobility bases there the chinese except the united states military base in the south china sea and that in the philippines is because the united states withdrew its forces in the philippines the united states is back in the philippines the philippines and the united states have an ounce to five different locations scattered all throughout the philippines where u.s. troops will be stationed on a rotational basis this threat to china from yet more u.s. bas

people will be fully mobilized behind the chinese government and the chinese military. and u.s. allies from around the globe around in washington as a trade dispute have the metal tariffs reaches the world trade organization countries like mexico canada and members are pushing the global body to review the level saying they're concerned by the impact of washington's behavior. this collective resort to dispute stance woman reflects the serious concern of the membership of the united states actions norway's worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns. donald trump raised import charges by ten percent on alum indian and twenty five percent on steel back in march washington says the move was for security reasons meaning it is effectively out of the juice stiction and even countries on good terms of america are imposing retaliatory tariffs pizza rosen strike a strategic first for to a strategist for a leading online swiss bank things that it's not about trade it's about trumps a reshapin

will it name and shame the chinese? and asian markets are making up some ground in early trade, but fears continue over the state of the global economy. microsoft co—founder paul allen has died aged 65 after complications arising from cancer. mr allen made his fortune at the software giant and went on to own several top—flight sports teams as well as becoming a leading phila nthtropist. according to forbes, he was the 21st wealthiest person in the world. dave lee reports from san francisco. paul allen and bill gates were childhood friends and they created a company that bought personal computers to the masses. it was mr allen who convinced mr gates to drop out of harvard to devote his time to microsoft, a decision that led to both men becoming among the richest in the world. as mr allen prepared to leave the company due to ill—health, they had fierce disagreements but they were on a similar page when it came to spending their vast sums of money. like mr gates, mr allen was an enormous philanthropist, giving more t

people will be fully mobilized behind the chinese government and the chinese military. u.s. allies from around the globe running around washington as a trade dispute of a metal terrorist reaches the world trade organization countries like mexico canada and e.u. members approaching the global body to review the level same neck and send by the impact of washington's behavior this collective resort to dispute stance woman reflects the serious concern of the membership of the united states actions norway is worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns. raised imports by ten percent on a minimum twenty five percent on stale back in march washington says the move was for security meaning it is effectively out of the jurisdiction and even countries on good terms with america are imposing. peter. just for. things that it's not about trade it's about trams reshaping of relationships which isn't popular it's become a highly political highly charged environment you know there's additional polit

coming up, in the next hour, the big chinese hack. a bloomberg investigation revealed hackers implanted tiny microchips in servers that infiltrated data centers of almost 30 u.s. companies , including apple and amazon. plus, new rules for testing self driving cars are out. that they take away drivers no , longer need to be human. we get the action from the hill. and medium is publishing its first novel a satire of silicon , valley written by a formal google executive. that is truth just as absurd and shocking as fiction? author jessica powell joins us later. to the top story, the most significant known supply chain attack ever on u.s. companies. a bloomberg businessweek investigation revealed chinese hackers implanted tiny microchips in servers that infiltrated the data centers of almost 30 u.s. companies, including apple and amazon. this is based on extensive interviews conducted with intelligence and corporate sources. both apple and amazon have disputed summaries of the reporting and so has the company that assembled the servers, a

-- the chinese economy. there is a lot of focus on whether this meeting in argentina will yield results. put a: bloomberg, they number out on what the gdp drag could be for 2019, in the vicinity of 1.5%. tom, let me get to you to try to figure out the extent of the slowdown in china's car market, and whether this latest measure by the chinese government is actually going to fix the problem. tom: that's the key question. this is another additional stimulus measure, if indeed is it -- it is implemented. this was reported by our team last night, that the chinese would look at a proposal of cutting the sales tax on smaller engine cars from 10% to 5%. we don't know the exact timetable, but that was reported at thee ndrc, officials state planning organization. it is a lever china has pulled before, and comes at a time when the market faces pressure, particularly smaller engine vehicles targeted by sales tax cuts. we look at four straight months of sales declines for the chinese auto sector, the largest auto sector

people will be fully mobilized behind the chinese government and the chinese military. u.s. allies from around the globe are rounding on washington as a trade dispute over metal terrace reaches the world trade organization countries like mexico canada and members are pushing the global body to review their level saying they're concerned by the impact of washington's behavior. this collective resort's a dispute settlement reflects the serious concern of the membership of the united states actions norway's worried that the united states would offer a purported justification that is so evidently divorced from real world security concerns. raised import charges by ten percent allow them in yemen twenty five percent on still back in march washington says the move was for security reasons meaning it is effectively out of the w.t. is juist stiction and even countries on good terms with america are imposing retaliatory tariffs peter rosen striker strategist for a leading online swiss bank thinks that it's not about trade it's about trump's reshaping of relationships which isn't

winner is glad that protectionist tariffs keep chinese competitors out of europe's markets. but the international trade in bicycles is a hotly fought segment and the companies trying to grab a slice of the pie will go to great lengths to do so. not long after the e.u. implemented punitive tariffs on bikes from china they began to arrive from cambodia indonesia and other places when it grew clear that the bikes were actually being made by chinese firms punitive tariffs against those countries were put in place. then tunisia began exporting them. and was soon slapped with tariffs. today components for the bikes are still mostly made in china but the frames are finished elsewhere like taiwan which because that's where the rules say value is added the bikes are then no longer subject to punitive tariffs when they're imported into the e.u. . so what happens when the market for bicycles isn't protected by high import duties in the us city of philadelphia. brian catholic used to sell exclusively american brands that had been produced domestically. but that changed a few years ago t

it was almost illegal for someone like me to know a chinese for almost all of american history the chinese came to america to mine gold and build the railroads and americans decided we didn't like the competition so in one thousand nine hundred two we had the chinese exclusion act which kept the chaney's out of the united states for about one hundred years so you have the largest population in the world that can come to the united states so at just the point we're putting up the statue of liberty saying we welcome everybody we were wrecked in a wall saying we welcome everybody except those cheney's. fear of a rising china today is the latest chapter in the history of propaganda but present to the chinese as uncouth and infant teil. to western popular and political culture the chinese became the yellow peril. and racial stereotypes pull the constant theme of fear and threat. as the t.v. show is actually. twisting his. revels in the stuff. so. this caricature of an entire people can see old enough or agenda. for the american to lead to in the nineteenth century china was a goldmine of drugs.

emmy's the german mechanical engineering and electronics expertise is not being challenged by the chinese the chinese are interested in large ticket projects often with a barter element that secures china commodities germany doesn't want to look for commodities in africa germany should be looking to invest long term train africans and to build long stirrer really long term business relationships there to that end they must invest more term against consultant and member of the nigerian german energy partnership thank you for your thoughts thank you. germany's unemployment rate has dropped to its lowest level since reunification in october below five percent in total two point two million people were without a job engineers masons programmers are in high demand in germany the solid labor market is expected to further boost consumer confidence and household spending by increasing headwinds the global economy. now coal miners in spain are fearing for their jobs more than one thousand of them will be unemployed by the end of this year alone as the country's government is refocusing on renewabl

people will be fully mobilized behind the chinese government and the chinese military. research says yemen's devastating war as claimed fifty six thousand lives over the past two years that some five times higher than previously thought despite it being considered the world's worst humanitarian crisis now a british charities found out that almost half of people in the u.k. are unaware that there's a war there at all even though the country is the second biggest supplier of weapons to the country that's waging a bombing campaign probably has more those findings than a moment of first here's a look at just how much of a toll three years of war has taken on the yemeni people. hi do you know what's happening in yemen. told me. i'm afraid i suppose. oh no sorry what's happening in yemen. there's a war saudi arabia. or some middle east politics i have no idea really do you know what's happening in yemen sorry do you know what's happening in yemen. it's taken the lives of thousands of civilians and caused an unprecedented humanitarian crisis and yet according to a new poll alm

said we have told the chinese what we want and want a reciprocal trading relationship. ofwill also look at the end november when there could be a meeting between president xi and president trump at the g20 meeting. that is one area analysts will be looking at closely. the ambassador was also asked about the personal relationship and said the president's' relationship is strong. haidi: our correspondent with the latest on the trade war and in terms of collateral damage, the bank of japan governor is the latest to sound the alarm on trade. an exclusive interview next. shery: extremists out on any interviews so far, tv is your function. you can find all the charts we showed you throughout programming on the right side, and if you have any questions, the lower part of your screen on the left. you can directly connect with us. this is bloomberg. ♪ haidi: i am haidi stroud-watts in sydney. shery: i am shery ahn. you are watching daybreak australia. the imf world bank meeting wrapped up with a clear message, trade tensions are hitting global growth. governor kuroda amon