for now, as china and forget how we view china. china views us, but in terms of trying to get to the maritime power, long time alliance with unified korea because it should be to hold the line. >> integrated with asia open by rule of law. as the ultimate end state we are aiming for. >> of course. this is such a word like a sacred word. if you talk about the unification, you have the benefits. the former president park with the jackpot. i want to quote this west germany's foreign minster. once he said in the interview, he is called like a kissinger in west germany. he said i never worried about reunionification officially. it can be considered as a experience that they give the upper hand. unification is far away and not too extreme. in between peace management versus balance. right now it's staged like security dilemma and having more weapons is kind of like arms race. and things like that. we don't want to live in a terror kind of state. or do they get a vote. >> to support the peace problem and democracy. they must be adjusted to

also saw china as a threat. so it -- they both, so it was only in areas where there was competition that i focused on. and i do not think there was really competition between the u.s. and china in latin america, at least during the time i was talking about. the u.s. was much more concerned about fidel castro and the extent the soviets in latin america. the example about namibia, this issue about china bringing its own labor, i think that is something that has become more and more of a problem in contemporary chinese projects than it was in the 60's. i think during the 60's, you are right, in the case of the trans am railway, there was thousands of chinese workers that were sent. i think there was also some appreciation in ways that these workers were toughing it out in africa. and you know, so there was, the reaction was a little bit more mixed. if you look at the range of african opinions about china and chinese aid in africa today, they are very diverse. you have some african leaders denouncing china and sayin

fare are probably sets too for russia and china, particularly for china, which does not want to have any kind of a failed state on its border that could send refugees across our give south korea and opening --. -- or give south korea and opening. betty: is this a win for the u.s. or is this actually a loss here? in the sense win that the international community is still united. one week ago, russia or china are both saying they were both not sure they could get any new sanctions. you are making a little more progress on that front. nikki haley said these measures will target about $1.3 billion in north korean revenue, which is an important percentage of the money, the hard currency they have. there are still big steps out there that could be taken that everyone seems to be a little bit reluctant to undertake. bill, whated, and are people reading into the fact that we have not really got in a north korean response yet? and that we have not gotten an other missile test since the one a few weekends ago. bill: i would not get into reading the mind of north korea, but there were expectati

united states, europe, and japan, by operating in china and exploding china's week export control. although china is improving laws, beijing has not done an adequate job of enforcing laws and sanctions against illegal exports to north korea. i provided several examples in my testimony. china remains north korea's supply condit for its nuclear weapons program. one of the priorities is to change that. the trump administration's efforts to sanction chinese and russian owned companies and individuals that significantly support the weapons programs is a positive step. unless china shows improvements in ending trade with north korea, united states should go further and sanctioned major chinese and russian banks and companies for any illicit north korean dealings. they have gotten away for far too long and faced to few consequences for turning a blind eye to the sanction busting activities of their citizens and those of north korea in using their economies for nefarious purposes. north korea has a diplomatic path on its isolation. any such negotiations would need to repair past mistakes w

south korea china is number one trading partner for south korea the trade partner between china south korea's double forget of south korea u.s. south korea japan combined china only so have i think the defense ministers are sort of understand that there's interest in priority of just supporting north korea giving plank check to north korea has not worked and we're not at the close of the endgame here and i think china needs to believe value should you showed earlier about you know the regime change was being a problem and charles has talked about the need to engage in gauge you said last week in an interview i'm all for information warfare we need to help the people of north korea rise up that's the long term game the north korean people bring about the change we need you can't really engage with you also encourage regime i'm not i'm not a promoter and engagement are locked only because i feel you have modern regime change in the not so. no not sometimes have you united states doing decapitation of e.g. but supporting the people rise up by supporting people of north korea because or a

china could do more because china had 97% of north korea's trade. however china is not willing to do some of the things that donald trump asked china to do. if you think about it, donald trump is trying to bully china and russia, and in some ways, south korea, into his own policy path. and china takes the view that sanctions will be ineffective. after all, china has had that kind of history, when china developed its own nuclear programme in the 1960s, china was isolated, mao was considered a madman and the chinese were willing to eat grass and have that nuclear programme. so china absolutely understands that sanctions would only harm ordinary people. and in some ways, because they are so indoctrinated by kim's views and the propaganda, they will sacrifice their own lives, so to speak, to have this nuclear programme. that takes precedence over everything, by definition. but china absolutely does not want a nuclear north korea, nor south korea, nuclearised. so china is in a difficult position, particularly now, china's influence over north korea deter

one step closer to china's own borders. and china does not want to see that. there is a difference between how china and the u.s. see north korea. the u.s. sees it as a rogue state which is breaking international convention and laws by developing illegally a missile and nuclear program. china doesn't see it like that at all. they see it as a survival mode, if you like. the u.s. is forcing north korea into taking this sort of action because north korea is concerned about its very survival and a nuclear deterrent guarantees that survival. so they are very different views between the u.s. and china as to what is behind this north korean ramping up its nuclear program. interestingly though, china certainly, even though it is the key ally, economically speaking of north korea, 90% of north korea's internal trade goes through china. china will say we have and are abiding by the latest round of u.n. sanctions which were posted in early august. so we are doing what we can. and it's important to remember in this that further sanctions the balance here is further sancti

do they want to china to do. yes and teaching is now sharply also criticized someone could not. be more clear action from. washington one china to put enough pressure on kids who used to bring oil to the negotiation table and in order to achieve this china would have to implement really painful sanctions i think this is what washington really wants you're describing them as painful sanctions and i know you've been at the border between china and north korea is it evidence that the functions are being imposed. or are have just been done don't you china order sitting next to north korea although beijing is read before to sanction north korea only that now that china in force with the sanctions as promised china stop the import of call them tech from north korea so pyongyang local corner of inform. all can log all our korean companies to china on the ground and i have already been working on a common woman most of them what you. call to leave china are working the sanctions are working now president trample visit ch

in china there. andrew stevens in china. thank you so much. >> bring in a cnn contributor and global fellow with the wilson center. he opened the associated press pyongyang bureau in 2012 and on the phone with us. >> thank you so much. what do you glean here from what we have been hearing this morning about north korea? can they be brought to the negotiating table? >> this was a major development. so i woke up here in seoul to these photos that paper with these photos of kim jong-un with this miniaturized nuclear warhead. this is one of the key aspects that they were trying to accomplish was to get a nuclear warhead small enough and light enough but powerful enough to put on an intercontinental ballistic missile to strike the u.s. something kim jong-un said he is doing this year and he is now saying he accomplished it. major milestone in terms of north korea. major provocation for the region that nuclear test that followed one after another today was massive. as somebody iting sitting here seoul to have a explosion of that m

the onus is on china to enforce these sanctions and to re-enter. the position of china when it comes to banking with north korea u.s. president donald trump has said one thing china is saying and maybe not can you clarify this for us. yeah look at president trump on thursday basically offered more sort of provocative praise of president xi jinping thanking him for the fact that he said china's central bank had now agreed that its banks would no longer deal with north korea well on friday evening china's official foreign ministry spokesman appeared to dispute that he said that wasn't what how china quite viewed it did or didn't conform with china's facts so that once more created a certain amount of confusion i think that what has happened is that privately china has gone along with this because it's worried that the united states might penalize one of its big banks there's been a lot of talk about that and china wants to avoid a situation where one of its banks could be excluded from the u.s. financial system but what it didn't want to do was to ha

military bases right on china's border and that really would be the doomsday scenario for china's leaders. adrian brown live for us in diamond dong on the china north korea border thank you very much indeed. what has been known as hurricane has now weakened to a tropical storm as it made landfall in the u.s. mainland at least eight people have died in the u.s. and dozens more in the caribbean along this destructive path people in the state of florida are beginning to assess the damage. reports from tampa. the search for survivors begins in the florida keys where fishes fear a humanitarian crisis and untold number of people defied evacuation orders ahead of him as a rival despite warnings and staying would be suicide. was lifted by the storm surge and carried across the highway one and posited about one hundred meters from where ridge line came from as the florida death toll rises in other parts of the state have begun to clean up the storm a category four hurricane at its first u.s. landfall left a trail of destruction from miami to naples further to the north the city of tampa is breathi

lifestyle change in china. 500 million customers in china. today, even more. more and more overseas customers joining the event. >> when i started with alibaba, the gdp per capita of china was $870. today, it is over $8,000. it is a tenant increase -- 10x increase. we have been very fortunate to be in this environment and road that wave. your smallto enable business, young people, and enable globalization. that is our direction. on the way there, we have more product. >> today if you look at the volume of the package on our platform, it is about 55 million a day. we strongly believe this will go to one billion some years later. a day. >> i'm telling my team it is like the way you climb mountains. when you are only 1000 meters high, you enjoy it. it is fun. new goal across 4000 meters, you don't have enough a year. you don't have a lot of people working together with you. you don't have anyone to share your thoughts and worries. are probably like 5000 or 6000 meters high. we are getting lonely. without a strong mind and for it, it is difficult

so the china, you know, china's leverage is limited. they haven't got it. -- they have got it, they could use it but it is the kind of leverage that could come-- have enormous blowback for them if north korea did fall apart. >> glor: people forget that, they think china and north korea get along, and they just don't. >> they don't. that is the old propaganda line about lips and teeth. i'm afraid it is not like that, if it ever was. north korea always in the cold war days used to play china off against the soviet union. they have got their own way of doing things. you know, the kim family business and dynasty, that is what drives them. it's not being nice to china or anybody else. >> glor: and do you believe people underestimate the kim dynasty? >> well, clearly they have, you know, we've had collapsist theories for years. it didn't happen. we had this guy come in and take over the country at age 30. we don't know too much about china-- north korean internal politics but we certainly know he didn't know how to run a country. he has done

let's move on to china. higher on are trading news that the government is eyeing a deadline to into sales of vehicles powered by fossil fuel. this would make china and the biggest market to set a target for facing out gasoline and diesel powered vehicles. tom mackenzie is tracking this for us. this is significant. is, although not all together surprising. byd backede likes of by warren buffett investing in electric vehicles on trading higher today on this news. automaker based in beijing have also invested heavily in electric vehicles. this is not surprising for the industry. there has been a lot of focus on government subsidies in this sector where. a lot of money has been produced in the whole ecosystem. china once to reduce its reliance on imported oil. also importantly sees this as part of an industrial strategy. they do one a play at dominating role in the electric vehicle market, and this is part of that pushed, batteries as well a key focus. that is why we have seen regulations to set a date for phasi

china already has this salami slicing policy in east asia, the sea, china sea, east china accumulating influence in such a way that it is hard to the u.s. to push back. i think at the core of what the u.s. has to do as long as the u.s. is committed to its position in asia is to strengthen alliances. that is the most important thing. the second thing that has to happen if people are going to push back against china does not necessarily involve the u.s. it involves other asian countries joining together here at instead of what the u.s. used kescall the hubs and spo relationship, it is now kind of a network arrangement. japan and india, japan and the philippines, you numb and india and india. all sorts of allied countries joining together in new types of security partnership to bolster the old u.s. alliance system, which is not as strong or dominant as it was. >> china once the u.s. there on their terms? richard: yeah. the fascinating thing about china is china has been a huge winner from pax americana. let's not forget that. the u.s. is the security guarantor in asia has provided a platf

china could turn off the tap. with north korea on the brink of becoming a fully fledged nuclear power, the oil from the storage tanks continues to flow. i spoke to the direct of defence studies and asked him how much influence beijing has over north korea. it has tremendous influence over north korea and if beijing wa nted over north korea and if beijing wanted to, it could end the regime like turning off the taps, essentially shutting off oil, natural gas, food supply. essentially north korea would not exist without china but the chinese are not going to do anything like that. they are attracted to dialogue and other formats. senior officials said they do not like the status quo, but do not like north korea with nuclear weapons but they look at the alternatives, a destabilised and north korean, civil wars, refugees, that it is even worse. in terms of dialogue, i do not think the north koreans are going to come to the table. they want to develop their nuclear missiles. i do not think the us want to come to the tab

adrian from what you're saying it seems fairly clear that china's responsibilities in china's ability to act in this is somewhat limited why is it so difficult for other members of the security council and in particular the united states for example to understand that its actions are restricted in some ways well i think there's a number of factors here i think that a number of members of the u.n. suspect that china has been backsliding when it comes to the in foresman of sanctions i've spent a lot of time in the past few months at the chinese city of done dong which is right on the border with north korea and really this is the city on which the sanctions burden falls this is where inspections take place or a supposed to take place of motor vehicles crossing over from china into north korea but the problem you have existed often the drivers will simply tell customs what we've got here are just building supplies nothing suspicious and they'll take the word of those drivers you know customs simply don't have the number of officials needed the number of inspectors to check every single w

china is either too hot or too cold for people. china is doing fine. made, athe reforms are lot of policies in place are taking shape. so this part of the world is in good shape. fore: china is preparing their party congress. xi jinping, liquidity and the changing with leveraging. how does that impact foreign investors? jonathan: the last five years has been about his plans to clean up large parts of society. he will focus on financial this time around. what he wants to do is open up marketplaces but open marketplaces that control fashion so they do not get out of control. this is how he came to power during the global financial crisis. he saw the damage that did and the extraordinary stuff he had taken to make sure this huge system risk. xi jinping is cautious. he understands the needs to put the market more at the forefront of the economy, but he does not want it to be uncontrolled. angie: china was one of the most inquisitive countries in the world. [please stand by] it looks like we just lost the signal for the interview between the clsa ceo and if

about 90% of all the trade north korea has is china. china is going to be key. china will be key and if we don't get to that part, we're not going to be able to sanction anything else, if china doesn't play a role, and then we got to look at those options. >> congressman cuellar thanks for your time. great to have you on "new day." >> thank you so much. >>> president trump threatening to stop trade with some major partners if they keep working with north korea so that a viable plan? a debate you do not want to miss, that's next. why do you do it? it's not just a pay check, you actually like what you do. even love it. and today, you can do things you never could before. ♪ ♪ you're developing ai applications on the cloud. finding insights hidden in decades of medical documents. and securing millions of iot sensors. so get back to it. and do the best work of your life. ♪ ♪ iso being cool comes naturally. on car insurance, and do the best work of your life. hmm. i can't decide if this place is swag or bling. it's pretzels. word. ladies, you know when you swi

and china. its understand what's happening in north korea and in contrast with the opportunities are and with that, i thank you for the extra time and yield back. i think that you make a very important point in terms of its focus. there is another element i thought with respect to the conversations. they are not afraid of the south korean attack north korean attack because there is a million man army on the border into 100,000 plus all the other hardware. with the issuwhat the issue is h korea is they feel that it's an illegitimate government in south korea that the founding of the korean peninsula when the occupation was over from japan it should have been unified under the dynasty. it's on getting enough nuclear weapons, hydrogen bombs that buy can turn over and say we are going to be reunified that we are going to be doing it under the regime. i think that is interesting information. it really complicates things in terms of the feeling of the regime. it may not be the focus of most north kore

relationship with china? secretary mnuchin: this is targeted at north korea, and anybody that wants to do trade or business with them. we appreciate the relationship with china, and we look forward to working with them. thank you, everybody. announcer: we heard more about the north korea sanctions with you and ambassador nikki haley. briefing in new york city and also discussed the iranian nuclear deal and the ongoing concerns over human rights in myanmar. this is 25 minutes.

but china isa population of rohingya's. but china is a security council member, a permanent member and they have been standing on the side of myanmar. it's difficult to predict at this point but definitely the world is looking at what is happening and they have been urging aung san suu kyi to stop the violence and they expect her to say something in this regard tomorrow. and we'll have full coverage of that statement from aung san suu kyi tomorrow night. stay with us on 0utside source — still to come: the wife of the ousted pakistani prime minister, nawaz sharif, wins a crucial by—election. secunder kermani will explain what it means for next year's general election. the former england captain, wayne rooney, has been banned from driving for two years, and sentenced to a hundred hours of community service after admitting a charge of drink—driving. the everton striker was arrested earlier this month after being pulled—over by police officers in cheshire. 0ur sports editor dan roan was in court. rooney spoke only to co

china's behaving badly so look what they are doing in the south china sea. they aren't building resorts as the south china sea they are building militariness haitians and a blue ocean navy so it's not the isolation of north korea acting badly. it's china as well expanding it. >> trish: so we need to do something about china. china holds the key to north korea and this is a confrontation that will have to happen at some point given what china is doing from a military perspective as you point out. >> the only thing you can do to china is put economic pain on them in some way, shape or form. >> trish: economic pain there is much much we can do. we've only sanctioned one bank. >> this is the only thing we were dealing with, the whole government, we're dealing with so many things on this front and don't think they don't know it. don't think they don't know the presidents in texas for the flood it's the most serious disaster we've had in this country. >> trish: good to see you guys thank you so much. still to come everyone the one thing to watch for in the week ah

only one country does, and that is china. china was quite literally shaken by the blast. north korea's nuclear test site is only 60 miles from the border. it will have sent a diplomaticjolt, too, coming just before president xi jinping opened this international summit. although he made no direct reference, he warned of the challenges to world peace. on state tv, the message was more blunt, with an official statement strongly condemning the test. there can be little doubt that the government here in beijing is rattled. once again, it has had to order emergency radiation monitoring along the border. but, despite the frustration, as always, it may be reluctant to punish north korea too hard. china has recently been stopping cargoes of coal and seafood, in line with toughened un sanctions. but its biggest fear is not nuclear weapons. it is the chaos that would come with the economic collapse of the impoverished state, shrouded in darkness, on the other side of this river. john sudworth, bbc news, beijing. let's take a look at some of the day's other news: thousands of people

not directed at china? on iran, is there a way to talk about to ramp up pressure like you were talking about, iran destabilizing activities throughout the middle east which a lot of your allies agree on without violating the agreement per se as secretary tillerson said -- is there a way to get allies to rally around more terrorism type and other sanctions while keeping the nuclear provisions in place? amb. haley: on north korea, the sanctions only impact those who continue to do business with north korea. if china does business with north korea, yes, it will impact them. if there are countries in africa that do business, it will impact them. it depends on countries that choose to continue -- to continue to support north korea when the new rest of the world is asking them not to. with iran, you have a couple of processes that take place. the president has the decision to make on whether to certify or decertify. that is u.s. law. that has nothing to do with the jcp away or the iran deal. u.s. law requires the

started in two thousand and twelve with a lust china that's let them a disease of china right she now so there's going to be a new owner who is going to be the same leader go exactly to day at all as i know they are ok the guy go in for ten years like she could be for another five years i think they appoint a new leader but you know this is a very unusual move the g twenty is like start this stuff like he's going to be around for a while looks like he's going to be going to the well probably you know it's not covered here on the news we've been here for the past few months is not covered on the news because everything is russia great russia great russia gate hillary clinton's mental breakdown all this sort of stuff that this is all this coverage so so americans are not informed about the world around them the important stories happening they were poor in story happening is the end of petrodollar the end of the u.s. as the number one only saw solitary supreme power and the rise. well there power let let's go back to our story here so the price of oil would because of the consolidation

we have seen a shyness than what he was saying about china's interest and priority in china wants to avoid instability in region collapse in north korea but china needs to see that we do not have much time left and does it really touch on a very one nuclear north korea what does that mean the missile possibly nuclear arms race in the north east asian region with south korea part of japan following those potential nuclear proliferation now we're very close to a conflict more than ever before i still think it's unlikely but we are they are china south korea china is number one trading partner for south korea the trade partner between china south korea's double we're going to south korea u.s. south korea japan combined china only so have i think the difference in it is a sort of understand that there's interest in priority of just supporting north korea giving blank check to north korea has not worked and we're not at the close of the end game here and i think china needs to leave value should you showed earlier about you know the regime change was being a problem and charles has talked

one, rand recognition is still very important in china. apple does have a very good brand in china. i would think in the next year that the iphone can probably get for the executives, so that is important in china. another thing is that it depends on the business model, how apple launches the platform in china. ,hen it comes to b2b business alibaba for e-commerce, tencent ar gaming, and with the facilities and the new phone, can they leverage these two platforms. own emoji, design scheme, and play the game together. that is a different experience. when i shop, i can create an experienced that is beyond the hardware that the people in china are looking for. of course you can leverage the two giants in china to help you. david: fingers crossed. thank you for joining us on the program. coming up on the program, we look at the suppliers in hong kong and how they will react to the launch in the premarket. that is coming up next. this is bloomberg. ♪ ♪ we are minutes away from the open of markets in china and hong kong. up 12 points, not. the past two days have not been bad at all. we

we are not at economic war with china, china is at economic war with us. i want china to stop appropriating our technology. china is, through forced technology transfer and through stealing our technology — but really forced technology transfer — is cutting out the beating heart of american innovation. interesting comments. earlier, i spoke tojuliana lui in hong kong who's been covering mr bannon‘s visit there. well, it's been a really interesting couple of days covering steve bannon. 0bviously tough remarks in that interview with charlie rose. even more tough words in a separate interview with the new york times a few days ago when he compared china to 1930s germany — presumably nazi germany in the 1930s. all this just ahead of a trip to hong kong where he would be the keynote speaker at a financial conference sponsored by a company that is owned by a chinese company. so a lot of irony that he was due to come to chinese soil, visit china, where he would be the guest essentially of a chinese company. so a lot of interest in his remarks. journalists

targeting china. and also james just looking at some of the comments coming in from the new he's the u.s. seems to have persuaded china if indeed that has happened we're not sure what's been going on behind the scenes to do more in terms of instructing their banks not to do any business with north korea but here mention is saying that the u.s. will call on russia to do more as well. yes what we. didn't hear any mention of that from either the russian foreign minister sergei lavrov or from the chinese foreign minister so it's not something may well have been coordinated there may been talk spying the scenes and we understand from president trump of the chinese central bank is telling other banks in china not to do business with north korea it's certainly not something that either foreign minister wanted or trumpet in the speech it wasn't something that was coordinated in the sense that they wanted to make it all a joint decision suggesting that some of this is being done somewhat reluctantly and that w

now to hold china and others to the internationally binding obligations to convince china's leaders to exert their decisive leverage over north korea. we do not seek that accelerated action. . . our secondary financial and trade sanctions the answer? do you want to go to -- ahead? >> mr. chairman thank you for that question. as you know we have the ability now an executive order to impose sanctions against financial institutions and we take that new authority very seriously. believe what they were the strongest measures that have ever been passed by the united nations they represent the floor and not the ceiling so we have to constantly take additional measures to make sure that they are implemented with full force and we are holding all countries accountable to cut off any revenue stream going to north korea and we are doing that and will continue to do so. >> thank you. ms. thornton do you want to add anything to that? >> thank you. i think what i would say is we are looking hard now at implementation. what we are doing now is working very hard to implement the new executive order wh

use china as crucial to attempts to stop killing and developing nuclear weapons china has strong economic ties with north korea accounting for about ninety percent of its foreign trade. earlier i spoke to steven burrill wake our correspondent in seoul south korea i started by asking him how important china's role is in developing channels of communication between washington and pyongyang if u.s. and north korea are in some kind of direct contact and presumably that's a diplomatic process that's going ahead without china's direct involvement and whether or not that you site sit down to talk will depend on a variety of factors particularly the preconditions that they place on any kind of talks north korea has historically resisted talks that were predicated upon its taking steps towards the nuclear as they should that being said china is of course very important to any sort of approach north korea given the amount of economic power that they have on north korea and i think some u.s. policy makers and analysts have in the past assumed that china has this sort of magic ability to affect north

the big story is china. the economic growth is coming back there and essentially, they are importing a lot more natural andto have cleaner skies reduce air pollution. last not least, there are a number of emerging economies, countries like you stand, jordan, or academies in latin america that are able to relatively cheaper lng given an abundance of the fuel right now. betty: you mentioned japan, the world's largest lng importer and korea come second. is that going to change anytime soon? is obviously trying to revive its nuclear capacity and building a fair bit of renewable energy. coal is relatively cheap at the moment as well. contribute toors the japanese demand going down over this time. in korea, the president's new policies are giving a lift to lng demand in that country. region the share of the of korea and japan, it is going to decline over time. chinese going to surge ahead and according to our forecast become the second-largest importer of lng by 2019 ahead of korea. will become the biggest importe

well of course as reported just mentioned china and russia especially china does not want north korea to collapse so realists here have long argued that economic sanctions and un sanctions will not work because china does not want north korea to collapse which means we will never see a sanction that's crippling that's having crippling effect on north korea and this is same thing again the origin of virgine that united states and its allies have worked very hard on had some very serious clauses but they were all kind of shut down and this came as a compromise because united states and allies could now afford to have russia and china stay out of it so this was a definite compromise but as a result of it the real this here is see u.n. sanctions again making almost close to no difference yeah north korea said it will respond to any further u.n. sanctions what's likely to happen next that i mean presumably we'll see more missile launches a nuclear tests you know this is a great opportunity for north korea because they can take this as an operative excuse to carry on more of their nuclear a

let's look to china to get china to have some influence in north korea. time's running out. liz claman, over to you. liz: trish, time is running out too between now and a meeting in just minutes. will he or won't he withdrawal from america from the paris climate exchange board? the commander-in-chief is about to meet with french president emmanuel macron about that and much more. they'll be going behind closed doors as i said in just minutes. get your business affairs in order. the businessman and chief already implored the un today to overhaul the way it runs. the president claiming the global group hasn't reached its full potential because of a floated bureaucracy and mismanagement. president trump also meeting with prime minister of israel benjamin netanyahu talking mi

china is a big country, there is not a consensus on anything in china. people have a different point of view. we need to be able to work with the chinese and understand them better. this means clearing the decks, this means all hands on deck. the 100t address different items that we have on the agenda with china, we have to pick some priorities. i would submit that north korea is one of them. i don't think any country can live with a nuclear -- a country aiming nuclear weapons at it. for the united states, this would be the first such country to do so in many decades. finally, this is a kind of gray area, there isn't space between peace and war. the idea that somehow we should strikeme preemptive against north korea, we would not get all of their nuclear materials, and most importantly we would have to make sure the south koreans are comfortable with that. if they are comfortable with that, they have to make sure that they feel they are willing what 20he risk of million south koreans within artillery range of north korea would need. option, it an easy wo

i think china is sending very deliberate messages to its banks and to other companies in china. there was an announcement today that the chinese commerce department sent an announcement that all north korean firms and joint ventures had to be shut douchblt we are working very closely but we'll continue to monitor it. we tonight to share actions. the urgency will be key to any economic pressure campaign. >> thank you. i thank you both for testifying and for your service to our country. you have said you use it to describe the ongoing but the essential elements haven't changed to push for further and improved u.n. sanctions enforcement globally and urging other nations to ket off normal trade. are have we seen quantity fiebl outcomes at this point? especially on the regime's ability to advance its weapons programs. we'll start with you. >> i think we are taking maximum advantage with countries around the world. i believe we have instituted a number of designations. we have had a series of designations. in china and other countries all of these target proliferation. it has had an i

china doesn't want to see the u.s. more powerful, more muscular military presence in this region either. so its lack of action, if you like, could lead to the u.s. stepping up its military presence here. so that may be a backdoor way of the u.s. putting more pressure on china to actually take some action on north korea. it's got 90% of north korea's trade. it has the power to change north korea, economically at least. >> we appreciate it. do stand by for us. i want to bring in barbara starr. she joins me now on the line. barbara, good to have you with us. the japanese government saying this was indeed a nuclear test. what can you tell us from the u.s. side of things. what are you hearing? >> so far the trump trump administration very early here in washington sunday morning, of course, has not spoken publicly about this. the president tweeting a short time ago when he got back to the white house from the hurricane relief operations in texas about that. so he's awake, but not tweeting about this. one can only suspect he

china limits feel exports to north korea and raising the pressure on kim jong un. also disclosed in is evil and where they will. liberal opposition leader is in a close race with the conservative prime minister. and the death toll from mexico's earthquake approaches three hundred searchers refused to give up hope for possible survivors. bronnie and state media has released footage of what it says is a successful test launch of a new ballistic missile a corum shahr has launched was launched rather just a few hours after it was unveiled at a military parade in tehran apollo stressed by u.s. president donald trump that washington may withdraw on the two thousand and fifteen iran nuclear deal present house and rouhani says tehran will not seek permission from any country to strengthen its defense possibilities and capabilities seen em cosell of reports in those one on one these are iran's latest ballistic missile with a range of two thousand kilometers they can reach much of the middle east including israel during his speech president hassan rouhani defended his countr

washington calling on china and russia to take action. and markets,sponse 1.10.r-yen above our global disruptors series, alibaba founder jack ma, his plan for international expansion. this is "bloomberg markets: asia." ♪ we thought it was going to be a quiet friday. i would not say there is a lot someise, but there is movement into safe havens. dollar-yen outflows coming through. ind is up, a move down -swissie. suisse on theedit japanese markets and how they are changing their outlook there on japanese equities. , 4055,look at my chart very straightforward. credit suisse is saying if you look at the headwinds facing japan, whether uncertain boj policy, a diminished case for a weaker currency, strengthening since the summer, and we've been 1.10, a flatlining in the markets. you take those two things together and look that the buybacks are tracking lower compared to last year, so it is benchmark right now. we are no longer overweight japanese equities. unsurprising as we move into the open of markets in china and hong kong come 30 minute

we have seen a shyness than what he was saying about china's interest in priority in china wants to avoid instability in region collapse in north korea but china needs to see that we do not have much time left and does it really touch on a very one nuclear north korea what does that mean they missed part of a nuclear arms race in the north east asian region with south korea possibly going to grow japan following those potential nuclear proliferation now we're very close to a conflict more than ever before i still think it's unlikely but we are there china south korea china is number one trading partner for south korea the trade partner between china south korea's double we're going to south korea u.s. south korea japan combined china only so have i think the defense ministers are sort of understand that there's interest in priority of just supporting north korea giving plank check to north korea has not worked and we're not at the close of the end game here and i think china needs to leave value should you said earlier about you know the regime change was being a problem and charles

use china as crucial to attempts to stop young and developing nuclear weapons china has strong economic ties with north korea accounting for about ninety percent of its foreign trade. earlier i spoke to steven burrill wake our correspondent in seoul south korea i began by asking him how important china's role is in developing channels for communication between the united states and north korea. if u.s. and north korea are in some kind of direct contact and presumably that's a diplomatic process that's going ahead without china's direct involvement and whether or not that you site sit down to talk will depend on a variety of factors particularly the preconditions that they place on any kind of talks north korea has historically resisted talks that were predicated upon its taking steps towards the nuclear as they should that being said china is of course very important to any sort of approach north korea given the amount of economic power that they have on north korea and i think some u.s. policy makers and analysts have in the past assumed that china has this sort of magic ability to aff

china. the planned sale of a chinese business, is positive, according to the company thing that it is seven out of 112 market in china have been closed, and it is still early in the session to see how investors are taking on the latest missile test from north korea. back to you guys. betty: thank you so much, sophie. with the market reaction. we will see reaction throughout the globe, jodi schneider our manager from hong kong is watching and also our managing director from government chris. in tokyo. chris, first to you, we have not heard anything yet from president trump. we are waiting to see if he will make any remarks during this dinner. what do we read into the no response yet from china or the u.s. to this? >> well, the white house has said the president trump was briefed on this launch by his chief of staff. the chinese have a regular foreign ministry briefing, and no doubt this will come up. i suspect we will hear the same from the u.s., as we have already heard from japan this morni

a sweet spot for china and i think for the market participants in china, right? because you're looking at some companiesefactors of no longer having to rely on sop banks. would be governance improved. you get more international investors scrutiny. from these comments that robert lighthizer made overnight about how the threat almost that china poses with its financial operators is a financial market and becoming more intertwined with the global markets. do you think there is that systemic risk that is then being introduced to the rest of the world? ding: i would say china would still have -- going to take a very measured steps in its financial reform. they were opening up further to introduce more competition, but i would say maintaining financial stability or the financial security is still the utmost importance for the government. so take for example the cryptocurrency liberalization for example, they will move forward whenever the market is stable and the foreign-exchange rate expectations are stable and outflow is eased. this is the conditions to move ahead wi

we have half a trillion trade deficit with china and china is using part of that money to subsidize north koreans to build bombs to kill us. that's nuts psms china is playing us for fools. i think we don't want -- i don't think dealing with the chinese is going to be successful. i think we have to be prepared for a military option. host:alen in oakdale, connecticut, also on that line for a military response. why is that, allen? caller: i think we've been talking long enough, nothing's getting any better, it's only getting worse. we have to tighten the crews on them, tighten the sanctions as we possible can, put a naval blackade around the country to keep any imports from getting in or they'll be forced to come to the table or china will rce them to basically back off or they may go in and change leadership to north korea because they don't want the north koreans flowing into china if there's a conflict. we're trying to send iran a message as well. if north korea can get tactical nuclear weapons may not set up world war 3 but iran will. you've got to basically -- we can't stop north korea,

secretary of state has arrived in china. and we're in cox's bizarre with an update on the range of crisis. spain's catalonia region is twenty four hours away from a political confrontation bands a session referendum a shuttle to take place on sunday campaigners for a yes vote complying schools are expected to be used as polling stations but the spanish government is insisting there will be no vote it says the referendum is in . deploying police to ensure no ballots cast people in favor of a united spain holding a rally in madrid opinion polls suggest forty percent of registered voters. want to break away let's take you live to the heart of the story our correspondent all is in barcelona for us i mean it's pretty clear neither side is actually prepared to back down here. absolutely not peter and that's led to many both politicians and people on the street describing both the central government and the regional government as two drivers in a car without brakes neither of them more willing to apply or to even look for the brake

china included. urges relevant parties to halt its deployment and remove related equipment here at the present the situation under peninsula is sensitive complex and the grave up in part is should remain core had it and avoid any rhetoric what action that would activate detention. the priority at present is to comprehensively and strictly implement your school council resolutions and the relevant parties should resume talks and negotiations rather than later endeavor to advance denuclearization and to maintain peace and stability of the peninsula and to consul should undertake its historic responsibility in this regard china will continue to advance dialogue and consultations work together with all relevant parties and make our positive and constructive after forty approach and appropriate settlement at an early date of the current nuclear issue but rather for attaining denuclearization and if what long term peace and stability of to peninsula thank you. that our present accurate china for his statem

really ought to keep pace with china. the other countries are not really threats to india so we don't india shouldn't really be concerned not pakistan not trimming pakistan as you know i mean for example a very small country because india so large. one can never be certain there are nuclear weapons can be destroyed in exchange while we can be certain we can make an extinct as a social organization. the walls of china continue to obscure india's allegedly new nuclear program from view. but many on all sides agree that a nuclear arms race on the subcontinent is underway. the potential fallout in the swallow tiled region is thinkable and while the indian state seeks to secure its dead and capabilities against its neighbors a lot more thought must be given on how to prevent the strays from spiraling out of control. in the aftermath of civil war peace and reconciliation i remember seeing in the absence of justice. people in power on earth chilling testimonies of atrocities suggesting or for teams have failed to conduct full an

was that in the words the words on fire and fury of those words were aimed at china to get china involvement this thing i'm not going to do all on on words that one particular president doesn't use or does use and i can hear him talk about north korea and the threat that it has to the mr mansell my point was that mr trump employs very unconventional language not only with regards to north korea but also concerning the united states' closest ally south korea which interest i'm sure i'm very close to your hardon chief find dot kind of language to rob a question and bone here's the president states if i were president i would use different language mr mandela to draw you back to the question i posed before that with president trump he said that they meaning the north koreans only understand one thing what do you think he could mean by one thing. no he said he said that everything is on the table so you can rule out anything when you say everything is on the table you do not marry down to one thoughts on a doornail asked me to get inside the mind of donald trump because i don't i'm not capable o