well, china knows this, but china's not a free and open society. to achieve the kind of gains and advancements in technology and in biomedical science and in so many other things, they have to steal what we do. sometimes by buying our companies. sometimes by cyber theft. sometimes by just these joint ventures, and they tell american firms you can only come to china if you give away your intellectual property. so china's taking huge advantage of us. intellectual property is the lifeblood of emerging industries and the good-paying jobs they provide. the american advantage of intellectual property is one of the main things that will keep us number one economically in this century, but not if we allow it to be stolen and taken advantage of, and the country that does that more than any other is china. intellectual property is the lifeblood, as i said, of emerging industries and the good-paying jobs they provide, so it's impossible to overstate the cost of i.p. theft to our economy and our workers. this sentence pains me. i think about it often. general

crackdown on china the barriers to chinese exports are supposed to protect american security and jobs but investors are seeing the start of a trade war. and this trendy watch company in detroit is key for the city's economic revival but it can't do without parts from you guessed it china. and some for business on the w m how you got to guess welcome to the program china said it is preparing tariffs on american imports in response to u.s. penalties on steel and aluminum the take effect today chinese officials vowed to defend against an even larger number of tariffs signed by president donald trump global markets are already worried china could hit everything from american pork and apples to steel pipes its commerce ministry said it encouraged trump to negotiate but gave no deadline trump has demanded reciprocity in trade and is threatening tariffs on up to sixty three arab misjudge the situation and underestimate our ability to defend our legitimate interests they've also underestimated the price they'll have to pay for their reckless behaviors. business leaders are warning that a full

china is rapacious. if we don't stop china, america will be a weaker place with fewer good-paying jobs, with less wealth, less strength, and we probably won't stay the greatest country in the world, although we deserve to because we play by the rules. so president trump has identified the right opponent, china. much better than both the obama and bush administrations did. both democrats and republicans have been blind to this issue, and trump isn't. good. but i would say to you, mr. president, don't swing blindly and wildly at our foe, china. establish a well-placed jab at china. set them back. let them know we mean business. president trump ought to rethink his plan so it actually achieves what he says he wants it to achieve. u.s. steel and aluminum workers have been battle be heavily subsidized products from china for decades. i know. i have newcorp in my state in auburn and chimung county. inial aluminum, i have alcoa in my state. our steel and aluminum workers deserve a more level playing field again

dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian or totally wrecked area and rigor that we need to have more transparency for it and ability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong and very quickly please could almost at a time we see this. and it dictation that p.j. will continue its nine policy towards hong kong there is no tolerance of the pro-democracy movement it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook

or china? one would assume it would be the u.s., because it is the bigger economy and has the deficit and needs to eliminate it. i think it does come to a question of whether we move beyond this stage, sound and fury signifying nothing, to a trade war in earnest. nothing is happening despite the moves we are seeing. if it does come to something in earnest, the u.s. may be overestimating its strength. ,f you look at the categories american imports from china are largely consumer goods, computers, clothing, mobile phones. they are very dependent on china. typically more than 30% of american imports. these are important--- import-dependent. what will probably happen, is a push-up prices on domestic consumers. if you go the other direction, chinese imports from the u.s. -- soybeans has in one example, aerospace, things they do not directly affect consumers. on one side we have a dictatorship, and on the other, a democracy, one that is very solicitous of the views of businesses. they will be a lot w

ambassador to china. david solomon has been named as a sole president and ceo of goldman sachs, the heir apparent to lloyd blankfein. whether wall street is happy. ♪ david: as we wait for the 10-year treasury auction, let's check on the markets right now with abigail doolittle. abigail: interesting trading action happening today. the industrial average is down about half a percent. there is a difference of about 1%. the industrial sector is weak today, while tech is going strong. the s&p 500 index, right in the middle. investors are consolidating those gains. is at a another record high on the day. the biggest streak since october of last year. industrialhat weakness, let's take a look at the gains weighing in on the dow. some of this could have to do with the fact that investors are digesting the 10% aluminum tariff, 25% yield terra, -- y ield tariff. names.a rally for these gains were given back to some degree. all the stocks affected by the tariffs are up slightly, except for boeing. 10-year, $21 bil

and maintain a balance by close ties to china. always be closer to china than the u.s. is. when the ldp collapsed, that mainstream view flipped. and from prime minister to today, every japanese prime minister has been what once was called the anti-mainstream which was more pro-taiwan, more maritime. and so you've had this flip. in taiwan, which mike will know much better, before democracy, the view of japan was pretty positive. but with the dpp, with democracy, the dpp has aligned quite a bit with this maritime view. when i was in the nsc i could not go to the shrine for obvious reasons so i was curious to go in 2006 when i left the nsc and was a private citizen. i walked to the shrine and usually see the old imperial japanese rising sun flag. to my surprise when i walked in, there was a dpp flag flying. which proves the old adage the enemy of the enemy is my friend. the dpp on most issues is aligned with japan's opposition power, nuclear, power. on this one strategic questions, the dpp kind of aligns pretty well with abe. so, you have the u.s., japan, taiwan all kind of al

and china. we just had the news out a few moments ago about president trump citing -- signing this tariff against china tomorrow. how big of a concern is this for investors? patrick: i think it is a massive concern. a lot of investors have their head in the sand's. they are hoping that it will not be delivered. i already heard an investor saying, maybe he will only pretend to sign it. he is certainly waiting for the last moment. people are very hopeful here. i think the fact is, china said they will reciprocate. this is a very negative sign for markets. when does this take for tech and. -- end. do we think that time -- trump would just let that go? i do not think it is fully priced. very quickly we will see this start to dominate the whole fed story and the fed story maybe forgotten about by tomorrow. david: in fact, i was going to put those things together and asked what you thought? many of our guests have pointed out that a quicker pace of tightening is the biggest risk for markets. thinkhis

these projects are made by china and made for china. it's a play on the made in china slogan. so again, they're questioning how will this benefit us? and how are we not just giving away our resources? - in the target countries, there's a considerable amount of suspicion about the intent and the effect of the belt and road initiative. the questions include the sustainability of the projects, but also sustainability in terms of the debt and the debt load. - [narrator] beijing's unsettled relationship with taiwan presents another potential destabilizing force in the unlikely event that it escalates into conflict. - since neither taiwan nor china really want an escalation, they would each have to make terrible miscalculations to create a situation in which there is an escalation. it's always possible. people can blunder into it. - china has actually shown a great deal of nuance, strategic patience, wisdom here. i would be very surprised, and very disappointed, in chinese statecraft, which has generally been careful if chinese statecraft decided they had to go overly dramatic with

and do you see a contrast them with china ? then with china? very economically successful in the past 30 years without any elections. you are describing a world with too many elections to handle, which is economically unsuccessful. is that a contrast that you would recognise? this is something that the chinese government very much utilises in their rhetoric. look at the rest of the world, we used to look to america, the west, europe, for inspiration, but look at the endless elections, a lot of politics, and we need stability. we need a strong leader. we need to focus on economic... we are running out of time, butjust a quick word from everybody on what we come to the end of this programme, which is almost a look at the political model. who wants to go first? annalisa? certainly as an italian and looking at the italian model, there are serious doubts about how representative democracy has been serving the interests of the italian citizens. and there is more and more a reflection and debate about what has happened in china. as in, people admiring

dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian or totally wrecked area and rigor we need to have more transparency for it and ability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong and very quickly please could almost out of time we see this. and it dick asian that beijing will continue its hundred nine policy towards hong kong there's no tolerance of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to

china is a large and growing source of revenue for some of the largest american companies, and china has also shown a propensity or a preference for using nontariff barriers around access to their domestic market for multinationals. what did you think of what the treasury secretary said over the weekend, steve mnuchin, when he said, look, we do not want a trade war but we are willing to go ahead. how do we read between the lines on that? well, i think it is certainly... it is certainly encouraging that they are using this asa encouraging that they are using this as a negotiating ploy. that is what it seemed like from the get go, i think the actual tariff measures are afar think the actual tariff measures are a far cry from what the trump campaign spoke about in terms of the actual rate. i think it is a negotiating ploy to get further access will open up access for us companies in china's domestic market, or two in courage china to buy more imports from the us. —— to encourage. lessing courage in is that it does not seem to be a durable solution, if they convince china to simply b

china. the center for strategic and international studies hosted this event. it's about an hour and 20 minutes. >> good afternoon. thank you all for coming. my name is chris johnson. i'm the chair china studies here at csis. i want to thank you everyone for squoing this today on discussion on taiwan, japan, tri lateral. i want to introduce the speakers here. i'll start off with vice admiral yoshida who joined the forces in 1979 as graduate of the national defense academy. where he served mainly on surface ships. over 35 years of professional managerial experience in the maritime defense and security air yachlt and offshore duties have included serving at the program center which developed anti-submarine as part of the egis program and six times at the ministry of defense where he was in charge of welfare, education, operations, and intelligence. he also served as defense at ashe in japan's u.s. embassy and final government assignment was commander of the region 58 command. joined washington

china does not want to trade war. pick women imports of studio or aluminum from japan do not pose a threat to u.s. national security. they have contributed greatly to industry and employment in the united states. so i wonder is could it's kind of interesting to see the products that mr younker is citing i mean steel ok heavy duty important part of economic growth bourbon and harley's mention i'm opening statement it's the sandbox right where kids in a sandbox box is preschool level no there's no there's no surprise about these products your opinion has picked i think peanut butter harley davidson. bourbon and orange juice specific things that are there not only very american but that hurt. workers or industries in industries that have republicans who. might be separated from trump in a hurry this way so there's been a being bourbon being kentucky and kentucky being the state ruled by the majority speaker in the senate the senate and so it would be interesting who's doing the congressman right there where that where it

has been talking to china for 20 years and china usually does what china wants to do. he did say when i asked him that the question of a trade war and the impact of the outlook on policy was discussed at last week's meeting. he does say there is quite a risk to the trump strategy right now. that is we got a full-blown shockwar and it is a big to confidence, business confidence, consumer confidence. he says these are very important to the economy and that could hit stocks and bonds, hit bond yields, raise the cost of financing. that could slow down the economy. the president of the atlanta fed also spoke on friday. he referred the question of tariffs, the reaction of trading partners as a counterbalancing downside risk for the fed to be watching. he said the trade dispute has more innings to run. he thinks we might be seeing more negotiating going on. he is also reflecting the view, let's wait to see what really happens. we have got a lot of trade salvos being fired back and forth. it is also possible that some agreement will come out of this and we will avert something

autos going in to china while u.s. only levies a two point five percent tariff although we do have a twenty five percent tariff coming in for chinese pickup trucks but how do you see this all working out i mean all of those are a big deal you talk about jobs both in china and here it's really important what he thinks going to happen. well let's back up for a moment now at this point china makes more cars than the e.u. the usa and japan combined it's roughly twenty six percent of the global car market and at this point we're also seeing that the quality gap between american made or imported cars and domestic chinese cars is being eroded and the chinese leadership is essentially at the point where they're saying that look ok that if if you know some high tech billionaire in china he wants to import a cadillac that's made in michigan he can afford to pay more for it this is a luxury thing but mastic lee that they should be utilizing the domestic car manufacturers there's a lot of different car manufacturers in china you'v

missile and nuclear bomb tests and china suspended colin imports from the north last year china's overall trade with north korea declined by more than ten percent in two thousand and seventeen and that appears to be a major economic blow considering china accounts for almost ninety percent of total trade well let's bring in our panel now from saul carroll the director of m.k. news a new site focused on north korea from beijing on a tank and an investment banker and advisor to the chinese government on economic and development issues and from chicago father of the chicago council on global affairs welcome to you all mr ken jong un's first trip to a foreign country since taking power in two thousand and eleven just how significant is that and does it mean that north korea is now ready for more engagement on the nuclear issue. well it's significant in the sense that it is condolence first of a trip overseas it's been six years since he became leader. and going to china in his father's ahmed trained seems like a small voice of security it is a priority but you know it is for the north korean

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry there were that many in total china filed two hundred twenty five patents compared to the u.s. which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela vetch in toronto and caleb maupin in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's

china yeah i don't think i'd ever play in china so is always the english premier league is always a top target for everyone and then also yellow european leagues but you can't just explode out of nowhere and it gives great opportunities for players like myself to set themselves off the football while still enjoying themselves. all right despite china never being on he's right friends making the most of the adventure. going over there prices and trying so a cup of much as a culture is part. because you don't really going to get much of a chance to say that i lived in china so one option you came and took it by fans. his family has flown from perth for the first time to watch imply and the pressures are. likely the coach has been giving him less game time triggering speculation that he might be on the way out. and he's club junge susu ning has no shortage of ambition or money it's on the buy a massive electronics group that has splashed close to one hundred million dollars on big name imports in the past two years and it's not just spending in china soon in bold italian super club into mi

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the us which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are to two. trade experts alex mahela vetch in toronto and caleb walton in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent h

long trade dispute with china the u.s. president says he is protecting american security and jobs of the markets all more convinced than he's ever starting. to do business on crystal president the. and who takes pride in soaring stocks is rattling the markets global shares plummet as the united states in ounce a hike in import tariffs for china a key supplier to its massive consumer oriented market fears are increasing the donald trump is rushing headlong into a trade war with the world's economic powerhouse in asia china has already threatened to retaliate if the united states does not back down. now after an election campaign where he pledged to address china's seventy three hundred seventy billion dollars trade surplus with the united states donald trump ordered an investigation of chinese business last year is survey among u.s. companies revealed four main gripes first they claim chinese firms require foreign companies to form partnerships in china then steal technology and close down the joint venture second chinese c

president donald trump announces new tariffs against china triggering fears of counter measures meanwhile the e.u. is granted an exemption for now. and thousands of farmers in zambia are forced to leave their homes to make room for a large scale industrial agriculture will speak to some of the evicted families. it's time for business on the w m how are you going to get us welcome to the program it was an eventful day for white house trade policy president trump except at the e.u. and several nations from steel and aluminum tariffs at least temporarily a short time later he signed a measure placing sixty billion dollars in tariffs on a broad list of imports to the u.s. at the heart of both actions lies the same quote economic enemy in terms words china and a belief that trading partners must exist on a level playing field the tariffs will hit more than a thousand categories of chinese goods the identities of which are to come later transactions follow a trade investigation into china's acquisition of technology and trade secrets through unfair measures the outcome was no surprise china has

that's coming from china they could come up with something bigger what's going to bring china to the negotiating table they've done that with the e.u. they've done it with canada and mexico how is america going to get china to talk about reducing the trade deficit with the u.s. this is not the way to do it you know china is a major investor in the united states what kind of damage could these measures do if the spread were trade war breaks out some say it is here by now you know well this is going to be quite damaging for u.s. companies that invest in china for chinese companies and invest in the u.s. of course it's all kind of a part of a strategy for trying to go against china's made in china twenty twenty five strategy now they're focused on improving their technology and automation robotics big data to future proof their manufacturing industry what trump doesn't like is that china is buying up country companies from abroad to take their know how back to china has blocked many of the technology deals that china wants to do in the u.s. but is the same with europe europe doesn't lik

mark: how is your relationship with china? accusations of meddling with australia for reasons why you have these foreign interference laws, china warning it students of violence against the metal australian universities. does the increase of what we could call tensions between australia and china, does that ,ave negative impact on trade investment between both sides? mr. ciobo: the vehicle you questioned. you said the perceived chinese influence in australia was the focused of foreign interference laws. it is not the case. we don't want foreign interference into australia's political landscape regardless of who may or may not be behind it. we see lots of examples around the world, here in the u.k., lots of examples around the world where we see other nation attending to have influence and so this is not about china. this is about australia saying we are a sovereign nation and we reject interference, improper interference from any country, regardless. it's important to knowledge that right up front. in terms of trade and invest

haslinda: qc retaliation from the likes of china? china in particular? is the i would say chinese government has proven itself to be an extremely savvy, astute operator. for whatever they do, i expected wide,very astute, very and very clever. that is the world we live in these days. these sorts of things tend to grab the headlines. there's more fundamental and the story things happening, like the continuing rise of hundreds of people in china, india, southeast asia into what we call the global middle class. regional and international tourism is moving. international tourism is growing at twice the rate of the global economy. technology, so those are much bigger and more with no lesser old-lineut so-called industries like steel and aluminum, these days, we have much bigger things going on in technology, internet, and towards the lifestyle. haslinda: you're talking about china. we see an excel region of china's investments into indonesia. do you see that taking even more yes, it short. haslinda: can you quantify that china has gone from, five years ago, be

and china. schwartzman is seen as close to beijing and president trump, and has reportedly counseled the president against imposing tariffs. he told bloomberg television china's leaders understand that as their economy develops, the playing ground needs to be level. >> there is no doubt that there is a serious imbalance between the u.s. and china in terms of market access, and tariff levels ,nd nontariff barriers investment limitations, and part of this happens in the natural course of things. >> u.s. agents are said to have -- the saipan's casino office. fbi investigators took documents from imperial international, the company says it knows nothing about the claim to raid and denies wrongdoing. in. attracted attention for the sure amount of money recorded at the saipan casino, which is larger than at the grandest resorts. angela merkel is starting her fourth term as german attracted chancellor, swearing-in -- six months of political drift. coalitions of the conservative is and the centerleft sp

president donald trump slapped china with fifty billion u.s. dollars in tariffs and he said there will be more as for europe trump says he's willing to talk no tariffs to ny but no promises for tomorrow i bring it off in berlin this is the day. we have right now an eight hundred billion dollars trade deficit with the world we have europe they have barriers that they can trade with us but we can trade with them we have australia we have argentina the word is reciprocal if they charge us we charge them the same thing we have brazil we've had this abuse by many other countries. to see korea but we have one particular problem and that's china i can't believe we've been able to take advantage of the united states for so long so those days are over. also coming up tonight facebook c.e.o. mark zuckerberg finally talking germany's government wants him in berlin testify. it's a long time to montag an explanation of why this could have happened with a chairman users in accounts very fact it and what facebook intends to do to stop anything like this from

dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian or totally wrecked area and rigor we need to have more transparency of our accountability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong and very quickly please could almost at a time we see this. and it dictation that beijing will continue its hundred nine policy towards hong kong there's no tolerance of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to

demands will be which will help china. it's a visit that would have seemed unimaginable just a few months ago where north korea was ignoring chinese appeals for restraint at an exhibition showcasing some of china's technological achievements the message appeared to be we can help you with all of this if you behave. china's leaders are fond of metaphors that are lavish banquet she told his guest that in the beautiful season of spring everything comes to life kim replied i believe our meeting will yield abundant fruit that could mean making good on his commitment to give up nuclear weapons the fruits of spring were apparent in the garden of the state guest house where friendship also seemed to blossom she accepted an invitation to visit north korea and told him he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing. well china and north korea have a mutual defense treaty signed decades ago but chinese leaders have tried to convince their neighbors to stop developing nuclear bombs the chin

dollar and china. fedleen: let's start with hikes because larry kudlow, cnbc contributor, played many roles on wall street. , to fightnamed donald trump -- tweeted by donald trump, the replacement of gary cohn. here he is talking about rate hikes. the market is going to take care of itself. and i hope the fed does not overdo it, and it seems like a mild warning to me. people think the economy does it need so many rate hikes. july, he was urging former fed chair janet yellen to show restraint and raising rates and in the past he said the feds inflation models are not working. and i don'te those, find it to be particularly aggressive towards the fed. let me tell you more about larry kudlow. staffrted his career as a economist at the new york fed chief economist at the office of management and budget under ronald reagan, involved in tax cuts. he has held tax cuts are good for growth won't overheat the economy is . talks about the groping signals for central bankers. as a cnbc contributor that is how i got

china is frankly not surprised. anybody who's been talking to chinese officials over the last couple years knows they have prepared for the possibility that donald trump would pursue a more confrontational approach on trade. they know exactly what they're going to do. they've said as much privately. they would attack american aviation manufacturing, boeing for instance. they would go after agricultural exports, places like iowa, which they know are essential to donald trump's political base. so this is the beginning of the game. this is by no means the last step. >> and what about the idea that this will kind of produce a greater erosion of the world trading system and order of, you know, the two main countries. the first and second largest economies in the world enter into some kind of trade war, liz. that doesn't bode well for the open liberal international order. >> no, it certainly doesn't bode well. and i think, you know, the hope will certainly be that, you know, other actors in the united states are going to

yet, the united states only imports about 2% of its sales from china, but china is -- steel from china, but china is flooding the global market, so it needs a global solution. the oecd has a mechanism for dealing with overproduction. that's the road i would recommend. vonnie: ambassador hill, it is quite clear that republicans are not behind this, lawmakers on the democratic side are not behind this either. so, who is this for? >> i think that the president is talking to a group of workers that are concerned about their jobs. my heart goes out to those workers, but i do think that we should deal with improving the economy and helping them take the jobs that are generated. ♪ >> president trump has made a lot about the trade surplus that china has with the u.s. would cosco consider buying more u.s. agricultural, food or other products, as a way of redressing that imbalance? >> i think cosco has been trying very hard to serve that purpose. if you recall, in november last year, president xi and president trump, the signing ceremony of a trade memorandum between cosco and adm, to buy u.s.

and china. guest: we are seeing surprisingly strong numbers out of china this morning. industrial outs, define expectations to accelerate in the first couple of months of the year. beneath the surface though, we see some signs of weakness in domestic demand. in particular, we saw land sales crumbling. of course, if domestic demand is weaker, it raises the stakes for china in any concerns because if domestic demand is not there, china needs to rely even more on buyers in the united states. >> china announcing plans to merge its banking and insurance regulators as part of its wide-ranging overhaul across a lot of its major government agencies. take us through the spotlight proposals here. >> this is the biggest, major overhaul for the banking regulators since about 2003, about 15 years. overseas, about 4000 banks, so it gives it some indication of the scale and size of this. in terms of what it allows the government to do, is of course, have greater oversight over to -- two industries which have been responsible for a lot of shadow growth of banking. we have also been hea

and china. guest: we are seeing surprisingly strong numbers out of china this morning. industrial outs, define expectations to accelerate in the first couple of months of the year. beneath the surface though, we see some signs of weakness in domestic demand. in particular, we saw land sales crumbling. of course, if domestic demand is stakes forraises the china in any concerns because if domestic demand is not there, china needs to rely even more on buyers in the united states. >> china announcing plans to merge its banking and insurance regulators as part of its wide-ranging overhaul across a lot of its major government agencies. take us through the spotlight proposals here. >> this is the biggest, major overhaul for the banking regulators since about 2003, about 15 years. overseas, about 4000 banks, so it gives it some indication of the scale and size of this. in terms of what it allows the government to do, is of course, have greater oversight over to -- two industries which have been responsible for a lot of shadow growth of banking. we have also been hearing about p

it is our shared aspiration to safeguard china's sovereignty. territorial integrity and to wholly reunify our nation any attempts or tricks to split china are doomed to fail and will be met with condemnation and the punishment of history. joining us in our studio is david bender skee a fellow at the robert bash bosh academy here in berlin david thank you for joining us oh we heard that statement there how do you read this from president xi well the issue of what they call territorial integrity the problem as they see it of separatism has always been a real red line issue if we look at censorship this is an issue that always is a very strong red line and it's a point that they make very in phatic lee i think so i think it is a warning to regions like hong kong where since the occupy movement two thousand and fourteen we've seen a lot of discussion of these types of issues in hong kong sovereignty also regions like taiwan and of course she john and i think this is also about the political legitimacy of the party because this is an issue they can s

and china. the e.u. is actually one and british prime minister theresa may that any effort reach a separate trade deal with the trump administration could sink a deal on britain's exit from the european union. let's say good morning to craig girl i'm, senior market analyst joining us from across the pond. did you really think that britain's exit could be in danger, chris? >> the further layer of complication. they remained aligned on a number of issues from regulation to food standards, et cetera. whereas the u.s. is pushing for the u.k. to become less aligned with the e.u. and more aligned with that to secure trade deal. it is going to be ensuring that it gets trade deals with both regions while keeping both sides happy and that's not particularly easy. >> a precarious time is the ability of negotiations with the e.u. and that could be in jeopardy. at the top of her introduction to you about what is happening between the u.s. and china. there are now reports that there are going to be negotiati

i would not put too much emphasis on china versus u.s. and china to be good friends regardless. it just looks like good news market and more for the world. the united states is weighing out whether to impose a law for a china investment crackdown. big-name assets that they think are too sensitive. is this something that really moves the dial in terms of protectionism in the u.s.? depressed valuations, tech stocks, remove the flow of dollars back into the u.s. economy. rally has been dominated by these mega- caps which are virtually impossible anyway.over in a way, it is only fair in the sense there are restrictions on what you can do in china, the anyway. in aauto sector, the technology sector. there are restrictions in europe. famously, france with its yogurt. u.k. is probably the more open economy. look at unity, the netherlands, somewhat more restrictive in terms of takeover codes, etc. if anything, the u.s. looks a bit of an anomaly alongside the u.k. in terms of free-for-all. anna: alan, thank you very much. he staying with us on the program. next, we will be speaking to th

dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian auto teller tarion rigor that we need to have more transparency of our accountability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong very quickly please could almost at a time we see this. and it dictation that the general continuous nine policy towards hong kong there's no tolerance of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook page t

president donald trump slapped china with fifty billion u.s. dollars in tariffs and he said there will be more as for europe trump says he's willing to talk no tariffs to ny but no promises for tomorrow i bring it off in berlin this is the day. we have right now an eight hundred billion dollar trade deficit with the world we have europe they have barriers that they can trade with us but we can't trade with them we have australia we have argentina the word is reciprocal if they charge us we charge them the same thing we have brazil we've had this abuse by many other countries. obviously korea but we have one particular problem and that's china i can't believe we've been able to take advantage of the united states for so long so those days are over. also coming up tonight facebook c.e.o. mark zuckerberg finally talking germany's government wants him in berlin testify. for a long time demanding an explanation of why this could have happened with the chairman users in accounts very fact it and what facebook intends to do to stop anything like this

president donald trump slapped china with fifty billion u.s. dollars in terrorists and he said there will be more as for europe trump says he's willing to talk no tariffs tonight but no promises for tomorrow i'm bringing off in berlin this is the day. we have right now an eight hundred billion dollars trade deficit with the world we have europe they have barriers that they can trade with us but we can trade with them we have australia we have argentina the word is reciprocal if they charge us we charge them the same thing we have brazil we've had this abuse by many other countries. obviously korea but we have one particular problem and that's china i can't believe we've been able to take advantage of the united states for so long so those days are over. also coming up tonight facebook c.e.o. mark zuckerberg finally talking germany's government wants him in berlin testify. it's a long time to montag an explanation of why this could have happened with a chairman users and can't spare fact it and what facebook intends to do to stop anything like t

and china. jonathan: inflation in line with expectations boosting futures and weighing on the dollar. how does that report this morning play into the views of the central banks? >> kiss them on track for three rate hikes this year. stableough we saw numbers, we are seeing a slow build in inflation. expanding at a more than 3% rate. it is not out of control, there is no need to panic, but there was reason to believe that they will reach the 2% target by the end of the year. >> china's latest data goes against the narrative that the country is shifting away from old industrial drivers towards a consumption-led economy. put that in perspective for us in light of the zoning trade war between the u.s. and china? guest: we are seeing surprisingly strong numbers this morning. defying x extensions to accelerate in the first couple of months of the year. many the surface belt, we see signs of weakness -- benny the surface though, we saw tens of weakness, in particular, land --ls crumbling and domestic la

korea's demands will be which will help china will because. it's a visit that would have seemed unimaginable just a few months ago where north korea was ignoring chinese appeals for restraint at an exhibition showcasing some of china's technological achievements the message appeared to be we can help you with all of this if you behave. china's leaders are fond of metaphors that are lavish banquet she told his guest that in the beautiful season of spring everything comes to life kim replied i believe our meeting will yield abundant fruit that could mean making good on his commitment to give up nuclear weapons the fruits of spring were apparent in the garden of the state guesthouse where friendship also seemed to blossom she accepted an invitation to visit north korea and told him he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing. well the us president donald trump gave his reaction to the meeting on twitter he wrote received the message last night from china that is meeting with kim jong un went very we

demands will be which will help china. india it's a visit the would have seemed unimaginable just a few months ago where north korea was ignoring chinese appeals for restraint at an exhibition showcasing some of china's technological achievements the message appeared to be we can help you with all of this if you behave china's leaders are fond of metaphors that are lavish banquet she told his guest that in the beautiful season of spring everything comes to life kim replied i believe our meeting will yield abundant fruit that could mean making good on his commitment to give up nuclear weapons the fruits of spring were apparent in the garden of the state guesthouse where friendship also seemed to blossom she accepted an invitation to visit north korea and told him he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing well south korea greeted news of the china summit with keen interest kathy novak has the reaction from seoul. the south korean government says it welcomes the visit by kim j

china does not want to trade with. pick women imports of studio or aluminum from japan do not pose a threat to u.s. national security. they have contributed greatly to industry and employment in the united states. so i could it's kind of interesting to see the products that mr younker is citing i mean steel ok heavy duty important part of economic growth bourbon and harley's mention i'm opening statement it's the sandbox right where kids in a sandbox box is preschool level no there's no there's no surprise about these products the european union has picked i think peanut butter harley davidson. bourbon and orange juice specific things that are either not only very american but that hurt. workers or industries in industries that have republicans who. might be separated from trump in a hurry this way so there's been a being bourbon being kentucky and kentucky being the state ruled by the majority speaker in the senate the senate and so it would be interesting who's doing the congressman right there where that where it is

you talk about china and has cleveland has pointed out in the program we import to .2% from china. it's a very low number. what's your recommendation on how we can get tougher with china as it relates to a better byproduct to the u.s. trade agreement. >> it hardly affects china at all. the president has indicated they are going to do something very real about china stealing our trade secrets, hockey and the like. they are very serious trade differences. they engage in a lot of abuses and those need to be addressed. tariffs are not the way to do it. hopefully we'll see what the president feels that the end of the month because china is the real problem, not the european union and i'm glad he's finally focusing on that which previous presidents haven't done. eboni: absolutely. we will either ratepayer. steve forbes. >> thank you. appreciated. after the break, i.c.e. wants to deport an illegal immigrant charged with a deadly hit-and-run. we will tell you why he is out walking the streets. we call that the golden hour. evaluating patients remotely is where i think we have a potential t

-china pension? kenny: i think the private equity industry will have to be more specific into the industries they pick. there is a lot of capital raised -- and in terms of the countries that they need to invest in asia and particularly in industries they should be investing in -- the selection will be more stringent. the returns may be a bit more lopsided, but that is what i think is what happened. in the last two years we see capital raised in this industry. haidi: what are your clients asking you the most about and what are they concerned about at the moment? our clients are mostly chinese, and are deeply concerned about the volatility. they are indeed actively thinking about planning to enter a stage in their life where they do family planning, which didn't happen three or four years ago. this questions about how to think about this -- and all these questions are unique in asia and has been asked before. toare planning ourselves provide full-service not just on investment but things other than inv

-china ties. it will be a tricky conversation he will have to have with his colleagues in washington given that tensions are being exacerbated. it does have experience politically. the premier will get a second term. there.rise certainly a less powerful position that his predecessor. once, that was xi jinping. we will get additional confirmations, likely some -- the finance minister in some military posts as well. it will wrap up tomorrow. . -- tamara. -- tomorrow. david: thank you. backtracking on economic dialogue with china. japan is a market where fundamentals seem to be going out the window. the mismatch between shares and earnings. this is bloomberg. ♪ votes to relax david: this is daybreak asia. betty: we have breaking news right now. more on the mueller investigation. a reiteration of what we have been hearing from the white house. tire, commenting in any mail statement that the white house is not considering or discussing robert mueller. white house not discussing or considering firing

the difference is, if you look at how china developed in the past 30 years, the reason china could prosper was because deng xiaoping put in reforms after chairman mao's death, the first was to move into a free market economy, and the second was to put in institutions to end the single person rule until death, which very much collapse the economy and one of the most populous countries of the world. so we have a collective leadership since the late 1970s. we have fixed term successions, every ten years the leadership gets thrown out and a new one comes in. since 1988. and yet xiaoping, who you mentioned, who was the supreme leader who came behind chairman mao, he only ever led the association in the last few years of his life, yet he was paramount leader. why does xi jinping need the title of president any longer? can't he have his years in the spotlight and then move behind the curtain? xijinping has had lots of years in the sun, but this is a man who grew up in the isolated compound. he is the son of one of the great ten marshals in china who founded chinese communism. so he grew up with t

china says $3 billion in u.s. goods, pork, aluminum and steel pipes, fruit and wine could be subject to tariffs of as much as 25%. the list does not include u.s. farm products for now like soybeans. >> could be negotiated a little later. >> president trump says that trade with china must be addressed. >> the largest deficit of any country in the history of our world. it's out of control. >> u.s. tariffs against steel and aluminum products are set to take effect today. however, some countries including china -- canada, mÉxico and eu member countries have been granted temporary exceptions, lauren. lauren: you can see futures are down pretty sharply right here in the u.s., down 100, it was down 200 earlier but this is a volatile market. s&p futures down by 8 points, nasdaq futures down by 47 and quite honestly for the month of march, this could be the worst performer for the dow in 17 years. david nelson, chief strategists, sean ohara, good morning, gentlemen, what a day. start with you, sean, what exactly is affect

. >> brangham: en as that trade ficit with china has grown, american exports to china have also grown. last year, ty rose to $130 billion. the president's new taxes and tariffs could impact roughly 1,300 chinese imports, products we buy and wear and use every single day. but will these tariffs have the desired effect? ian bremmer is president and founder of the eurasia group, as well as a global researchew professor atork university. welcome. >> good to be with you. >> brangham: the stock market did not like the t trifday, it seems. what's your take on them? >> well, there's no question that a 700-plus point drop is probably the largest we've sen in decades on the back directly on the actio of an american president. so that's significant for a president who's been talking up the marke with reulatory rollback, corporate tax reductions. business has generally been very thppe markets take a big dump, unlike trump's threatenedri s to allies all over the world, the corporate community has been increasingly saying t the trump administration we think you need to beougher on china, we're not