and clients of china. chinese finance is a reality and where it's delivering something of value to developing countries we will not convince them otherwise. chinese officials are sensitive to the backlash on the debt issue right now and now is the time to exploit that by seeking a change in policy and practice, not by drawing battle lines in developing words that are unlikely to hold, but by working with allies to pressure chinese officials in settings that matter to them. settings like the world bank, imf and the g20. thank you. >> thank you, mr. morris. miss segal. >> mr. chairman, mr. ranking member, thank you for the opportunity to contribute to today's discussion. i was asked to speak about the international monetary fund and also to address china's strategic approach to projecting economic power and influence globally. imf was for the international monetary system and does this by three principled activities. it monitors the development of its members through imf surveillance. and second loans to bal

human rights council bring to bear on china right now. it's a good question one which i think that perhaps so fewer people who are directly involved in the human rights community might feel the answer better than i am but taking a step back and looking at the current situation more broadly i think this is we live right now in a moment where it's easy to be quite cynical actually about the power of journalism about the power of academia about the power of human rights organizations to raise these issues and actually affect change on the ground especially in places like china which are seemingly very powerful and and a very immune to global criticism but i think that the situation that has been unfolding in syndrome actually is is breaking that mold to some extent it's really been the efforts of journalists places like al jazeera organizations like humans right human rights watch the work of a wide and growing network of scholars that have actually brought this crisis to global attention and i think that this is a policy actually there's a

china. or to china it's time for you. at the moment a terrorist mysterious than the most important officer under her leadership i believe is out just like a terrorist to me said. you golden era hugh to be hung sed to a new level c. because russia and china are now considering cross border payment systems hundred billion dollars of trade in twenty eighteen you don't think washington will be telling downing street even while you tell the business here it's really dangerous this because they're cutting out the dollar from international trade well i think many ours are comes from apart from us maybe even support of these because they would like to see who powerful countries rights are only one powerful countries so just like a you many countries the as is the reason why they want to create your royal is because out there was a counter is that because the really maybe it's better to give up using dollars yeah m.f. of course is backed by washington money and has quite a track record in half. i think maybe you were alluding to t

the people's republic of china led by government leaders in beijing and the republic of china that is capital in taipei china regards taiwan as a breakaway province and refuses to recognize its sovereignty the taiwanese have full diplomatic ties with only a few countries because beijing makes it impossible to have official relations with both taiwan is one of the world's leading producers of computer technology and has one of the wealthiest economies in asia. ok let's introduce our guest now and joining us from taipei via skype. legislator for the ruling democratic progressive policy the d.p.p. from beijing china tangan a china political analyst and also from taipei fabrizio member of the taiwan strategy research association at taiwan center for international strategic studies a very warm welcome to all of you teaching as we record this program the results are only just starting to come in but what are they indicating so far i think it's zero defeat for party my party and we realize that people are not happy about our performance for the past two years so we countries are that we need

in the south china sea china has a position to what's taiwan. very different position so i think even if there was an agreement this weekend the relationship will be rocky and in times and i think we just have to jump in here though quickly just to explain like we're talking about this in sort of layman's terms the u.s. congress has been for years concerned about china's trading practices that it's not that donald trump woke up and dan said let's pick a fight with china this isn't a concern of members of congress and they've even articulated as recently as in a letter in the last week to the white house look at don't give in to china don't strike an agreement at the g twenty and less china and its predatory trade practices what do they mean by that intellectual property theft flooding the u.s. market with cheap goods these are things that the u.s. president the u.s. congress which rarely agrees they all agree that this is hurting the american consumer and could affect american prosperity long term right so i think that you're right there. in ter

i do think apple and other companies relied on china for -- reliant on china for the supply chain have a lot of opportunity to mitigate risk from tariffs. as it pertains specifically to the xs, with a higher average selling prices, they don't have to sell as many units to bear the fruits of a financial -- from a financial standpoint. brad: do you agree with that? this is not been a great season for apple. shares are down, suppliers are renting back production. -- ramping back production. a 10% tariff, perhaps apple can mitigate it somewhat but it cannot be good news for apple in the holiday season. >> absolutely not. i do not think this is good news for pretty much anyone. the consumer, apple, or the suppliers. the suppliers are already losing money on apple because they squeeze them so much. apple puts multiple suppliers -- apple plays multiple suppliers against each other to get the best prices. from that standpoint, they will mitigate the 10% tariffs if those come into effect so, but i do not think it matters. iphone is not selling as well as expected. we saw four apple suppliers ma

-- china -- japan has picked significant -- has significant exposure to china. we think china will grow strong forever. it is not. as we see signs of it, it is starting to affect global trade. that was always the case, structural slowdowns for china before the trade war exacerbated the negative sentiment. i'm wondering about how flexible supply chain relocation is around this part of the world. is there an argument to say there are companies because of the trade war uncertainties but also rising costs in china, they are rearranging their supply chain to come out of vietnam or pakistan? do expect to see reallocation and that dynamic change here? not seamless. is china relies on durable business supply chain for some production processes. these seamless. we don't know all of the micro as they unfold. but it has to be disruptive. china is the biggest traitor in the world, it -- trader in the world, imports and exports. some supply chains are flexible and others are not. what is going on has to be causing some disruptions. we keep talking about a potential compromis

the people's republic of china led by government leaders in beijing and the republic of china that is capital in taipei china regards taiwan as a breakaway province and refuses to recognize its sovereignty the taiwanese have full diplomatic ties with only a few countries because beijing makes it impossible to have official relations with both taiwan is one of the world's leading producers of computer technology and has one of the wealthiest economies in asia. with. ok let's introduce our guest now and joining us from taipei via skype a legislator for the ruling democratic progressive policy the d.p.p. from beijing china tangan a china political analyst and also from taipei fabrizio member of the taiwan strategy research association taiwan center for international strategic studies a very warm welcome to all of you teaching as we record this program the results are only just starting to come in but what are they indicating so far i think it's zero defeat for my party and we realize that people are not happy about our performance for the past two years so we countries are that we need t

you've got china for interested in growing. roughly fifteen percent a year for four decades a large they both imports and exports. similar tennis let me look at your investment we do talk about you know european investors say that there have been increasing barriers you often refer to as a key influencer of xi jinping i'm wondering when you go back to beijing where you perhaps be recommending that he remove some of these economic barriers which make it difficult for european businesses operating actually each other just as the number of new policies is which are particularly good for foreign best including germany best that's why you have say b.m.w. expend the investment in china and soon with the assurance comes the audience they're going to set up a company in shanghai so they are responsive to these new changes of policies in china that is on one side and take a look for example at china in europe that we had today ten of ita you know be ousted as the as c.e.o. of the general bought excrete. rights than two years off to the

human rights council bring to bear on china right now. it's a good question one which i think that perhaps so fewer people who are directly involved in the human rights community might be able to answer better than i am but taking a step back and looking at the current situation more broadly i think this is we live right now in a moment where it's easy to be quite cynical actually about the power of journalism about the power of academia about the power of human rights organizations to raise these issues and actually affect change on the ground especially in places like china which are seemingly very powerful and and a very immune to global criticism but i think that the situation that has been unfolding in syndrome actually is is breaking that mold to some extent it's really been the efforts of journalists places like al jazeera organizations like humans right human rights watch the work of a wide and growing network of scholars that actually brought this crisis to global attention and i think that this is a policy actually there's a set

and china. our part of the chinese government influence operation is globalist billionaires are putting full port court press on the white house to advance the g20 in argentina. the mission of unregistered foreign agents, that's what they are, they are unregistered foreign agents to pressure this president into some kind of deal now, two points have to be made abundantly clear about this. first of all president donald j. trump has done an incredible job, incredible job on trade. he has had the courage and wisdom to stand up to the globalist elites, to stand up to countries of the world that are engaging in unfair trade practice is nonreciprocal trade high tariffs, hide non-tariff barriers using the world, using the united states is the bank of the world and running up a trade deficit every year of over half a trillion dollars which is a pure transfer of wealth abroad. job factors in money. that's like a reverse more gig -- the mortgage on the country. donald j. trump is done an amazing job of ad

. >> views on china are often mixed. again, china builds up enormous amounts of goodwill by building infrastructure. these markets are desperate for better metro systems, road systems, especially in these small to midsize economies where it is not easy building infrastructure. but at the same time, there are some concerns. one refrain you often hear from locals, whether it is individuals or companies, is that chinese companies will often win or come out on top. >> in the next 10 or 15 years, or the next 15 years, the world will invest about $90 trillion in infrastructure, mostly in emerging markets and developing countries. so whilst that sum is a very large sum, it is only a couple of percent or less than the world's infrastructure investment, and it might be 3%, 4%, 5% of the infrastructure investment in asia. so it is very big, but we shouldn't overdo the magnitude of this in the context of infrastructure investment. ♪ stephen: in its simplest form, china is looking to revive the roots of the ancient silk road with

china's leading by far the way just google the you know china capital expenditure china cap ex and there are leading the way by far in semiconductor capital expenditure so vesting in innovation are investing in you know creating new products for the markets whereas our corporations are tending to. not invest in any new innovation but instead just handing it out to some oligarchs who are like ok this game is over for our economy let's just take as much as we can and live in a happy. retirement for us as china takes off they're also leading the way tony is leading the way in oil refinery x. investment and also our telecoms where of course we have you know basically the telecoms have divided up this nation down to individual states or territory so you know it's usually just one telecom company that provides the internet internet infrastructure to an area that's your only option so what are you going to do if they if they have bad service you have to use them anyway. so i want to look at one story as well that ties with both of these in that trumps tariffs on china and his sanctions on them

and china is the terror of so china's being a little bit punitive here too in its own little way around the back of a corner by not buying as much u.s. oil and turning to canada so that's a ding in that direction as well but their second. very fuel to this oil that's dirty oil that we have here that's bitching and china needs the secondary level of that oil as well as the oil for fuel because they have a huge boom in building so that stuff it's basically tar so you can use that for roads you can use that for runways you can use that when you're putting roofs on buildings so they see that secondary stuff that a lot of people say is the bad stuff as a beneficial to them so when they ship it over to china they can use that oil on both ends. the we talk about the price differential alex i mean we'll be talking about a little bit later and see what the numbers are at the closing bell but is way down again today just north of sixty dollars for the west texas intermediate but i'm sure the chinese are going to could all of a sudden buy more u.s. oil now with this trade war tit for tat going on

china about this have a listen to this china spokeswoman she was talking on november fifteenth at a beijing news conference. just shanghai we welcome one tension attempts to understand the situation changing is an open region but we were firmly opposed ill intension and biased attempts to interfere in affairs of our local government or rashly criticised china over its internal affairs. i'm just wondering what do you do what is possible. i mean to me two things jump out one is we need to get independent credible investigators into sion jam and we really haven't had that we haven't had the un have the ability to go there and produce a comprehensive report from the region itself or we at human rights watch had to do all of our research from outside of the country and although we heard heartbreaking stories about kids we came up in the middle of the night missing their parents or families being separated of torture of deaths we're doing all of this remotely so people need access that's the first thing and then the second is that other countries need to stand up to china and say that thi

be ip addresses in china they know things like that for example the ip address in china or somewhere set up by china and they try to infiltrate with their messages there's a common knowledge over here in taiwan fifty cent's army in china they are roaming the taiwan internet world for example some of our candidates have their facebook. with the chinese language use in their facebook account and this is being seen us china trying to influence how was the election and of course china is also trying to get in connect it with some of the local politicians or local organizations some of them trying to get benefit from china things like that has been seeing us china trying to interfere in our election do you think the china's leaders will feel that their strategy of strangling taiwan economically diplomatically is working and that now they're going to double down on their efforts to try to bring about reunification in five to ten years even sooner . that is something that many people here in taiwan have been discussing about in taiwan selection committee seeing. chinese success all their in

the reason is we invest in china for china. the money we are investing is for the benefit of the chinese consumer, enterprise. if you gothing is back to 2006, 90% of the money invested in risk, series a companies, that has come from u.s. dollars. there is not a healthy ecosystem in early-stage technology companies. our view right now is healthy. >> interesting you say it does not affect your approach. do the trade tensions affect the flow of money from chinese investment? there are fears it could be weaponize does part of this tit-for-tat. is largely u.s. dollars that have come into china. we have not a hesitancy on the behalf of the limited partners to invest. on the u.s. side, we have to be careful when we are investing. certain limited partners and the money from certain partners would fall under restrictions. that is going to become a complexity for investors. >> where are you at with fundraising? >> we just launched in the fundraising. we should have the ability to close that next year. >> what are you planning to do with

lou: -- this china and a dependence on china for that reduction. that's got to change, obvious, as you say. some other things have got to change. one is, it's a communist government. they have expansionist, and that's being kind, they have colonial, it seems at times, but certainly imear y'all imperatives within their foreign policy that they seem to be shocked that an american president would resist as this one has. >> yeah. well, shi gin ing who for more than a decade has been dropping hints that china is the world's only sovereign state. basically, what he's saying is americans, japanese, whatever, are just mere subjects to the greater glory of the chinese court. you know, the important thing for us is that those trade that we have, you know, our factories in china are producing profits that china is then using to put into its military which is con firing itself to fight -- configuring itself to fight mornings. there's a long chain here. it's also, of course, security because china needs an enemy, and they've identified us. lou: well, they've id

number 2 -- it's clear that china wants to dominate the south china sea, the east china sea and all the countries of asia, economically. >> and do you think it's limited to economic hegemony or do you think there's a military hegemony that they also seek? >> well, certainly, they're building ships and planes and missiles and the like a lot faster than anybody in the world. and, regrettably, a lot of that's financed by the american consumer at walmart. i think what's important here is that, from the american point of view, all we seek is peace and prosperity. and in order to do that, we have to defend our markets and our economy against the kind of unfair trade practices that many countries engage in, china, of course, being the outlier, because what's different between china and, say, japan and europe is that it's a non-market economy. it's a state-directed economy. >> your primary concern, it seems to me, has been, in the last 15 years, a concern about the hollowing out of the american economy to china, specifically the manufacturing base. >> correct. >> and i just wonder to what exten

and many farmers are abandoning palm oil cultivation to help see china's demand. i haven't dared to drive on so far maybe doesn't change the future that's it from us for now if you want to learn more about their stories go ahead and visit d.w. dot com slash business and of course you can check out our social media feeds at facebook and twitter i'm krista coram delenn for me and the entire team thanks for watching. much much. much. much much much. much. much much. much much much much. much. much. much. much much much much. more. russia is becoming a hotbed of any company by a lack of information and stigmatize ation in some cities h.i.b. is spreading rapidly. here in the several involves russia stage of the epidemic has been moving to new faces making a definitive transition from the so-called fall notable groups to the bane of jewish. h.i.v. in russia today on t.w. news like we were. when we were. in the percent of americans at some point in our lives while experienced hardship to listen. to. wants. from an. informant. was. my. my. my. all we can be the generation

the issue of china's -- the nonmarket economy and whether china fits the wto system. last july, the united states offered a paper on china's economic model and the point of the paper was the economic model is essentially inconsistent with wto norms. and i had a big back and forth with my chinese counter part, in fact people said that it was the most exciting time that they have ever seen at a general council meeting and my reaction was this place must be pretty boring. so we really need to grapple with the nonmarket economy of china and its implications for the wto. and so we're moving forward. we'll talk about this try l tri-lateral process about the forced technology transfer. but that is another issue. so those are some of the things that we are trying to dance at the the -- advance at the wto. but without the u.s. leadership, without u.s. speaking up, i don't think that the reform effort at the wto would have been initiated at all. i think we would have been still sleep walking at the wto. but inside is the united states is pressing these issues, people there have

take a look at air china, korea china up close to 8%. singapore airlines also bucking the gains, when it came to profit. profit tumbling more than 80%, they have been damped by the oil costs. they do say that we could have a theund in the later part of year periodic of course, we're talking about brent crude prices weakening despite saudi arabia's plans to cut production. we have more to come, this is bloomberg. ♪ ♪ yvonne: a quick check on the latest business flash headlines. boeing slumped on week deliveries for their cash cow plane, on worries about security. low shipments last month are at risk of missing annual target as it tries to overcome part shortages that have slowed production. bloomberg intelligence as they nextto deliver 72 737s month and the next to hit targets. a threat to them been on the .orld word -- oneworld alliance comments are a further deterioration with relations with qantas. he said that there is no point in being oneworld if other partners of your qatar as a threat. the cofounder and chief executive of indi

needs for invest and china needs for in whatever technology. at this time the challenge become more competitive so china becomes more choosy in the more selective with better quality investment that's why we also talk about the national treatment for chinese companies for incumbents the saying so in other words many for income to enjoy the laws of privileges before if you have provision have been somehow always draw become national treatment that perhaps one reason but still. invest china choice isn't there because that's what you're saying is indicative somehow of a contradiction when china is saying that it is now they need it in globalization at the same time we are seeing i mean it does seem that international cooperation is growing more challenging for allister to trade is a growing investment from s.d.i. is growing in china this year still the case but do you anticipate resistance to common weeps or concern for example from french president to mine when michael german chancellor i'm going to market has also said what about german tech int

and china but japan the euro zone and u.k. certainly have glaring imbalances in financial bubbles that might burst at any time the u.k. probably has one of the worst and most obvious problems caused by years of easy money but has diverted attention from the slump in the savings rate so he looks at the savings rates that's a euro zone which is kind of down the u.s. is actually kind of up since the financial crisis you case has plummeted to near zero the savings rate we're going to get into that about how steve kean was right and basically he blames. austerity for it but austerity and steve kean did warn on this show what was it two or three years ago maybe four years ago that financial a steady would cause economic disaster in the united kingdom because it would cause the savings rate to plummet because if the government's not spending that it could only come from somewhere that has to come from either savings or the government so it with the savings rate that low you would think the economy would be growing faster because it s

in china you can buy that car. the trumpchi gs4 they want to bring it to america but they're rethinking the name. they're not sure if the vehicle will sell here right now true, random, and interesting. have a great day "squawk box" is next move to the enterprise-grade cloud that's built to handle all your apps. ♪ ♪ the ibm cloud. the cloud for smarter business. the ibm cloud. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> good morning trump takes on jerome powell again blaming him for the market selloff and gm's job cuts. we have the president's comments. >>> and the president's tweets about gm

talking about china partially why hasn't this deal i n f been proposed to china so far i mean u.s. national security as a drum paulton says russia and the u.s. need to hold strategic talks about china missiles which pose a potential threat to russia as well that's what he said that's how he put it do you think maybe washington is seeking to pit moscow and beijing against each other . well you will remember or i i don't want to make you older than you are you you won't remember but you've read about it that during the nixon year or as the idea was to play the so-called china card against the soviet union to china toward washington and away from moscow in the rest there is no china card any longer the old kissinger idea that you could play off china against russia is gone russia and china are becoming perhaps historic allies economically politically militarily strategically this has happened due to a lot of factors however you're right i mean china now has to be included in any new nuclear arms arrangements that involve these regional intermediaries and immediately misses my own feel

that is what is happening with china. even if we have seen china to stabilize its currency over the last month -- that is what these reserve outflows show us -- china will also open the possibility to let its currency devalue. if the dollar is going to strengthen again against other emerging-market currencies, as i suspect, then the renminbi will follow the other emerging-market currencies and not the dollar. china will not contribute to growth, and that will be a headwind for emerging markets. the trade war impact is much smaller than we all think. i am skeptical about any deal between the u.s. and china, but i don't think it is that important over the next year. yousef: we have to leave it there. of course we did see china lifting some foreign investment ns in the last few hours am a may be an important signal. now let's get you a preview of what is coming up later on in the show. we talk about the situation in turkey. theturkish president says jamal khashoggi recordings have been handed over to the u.s. we will get int

so what is different about what china is up to? tom: china is really big. 1.4 billion people. so if china continues to move toward the technology frontier, continues to raise productivity, they are going to overtake the united states in be the world's largest economy. and i think that is kind of an existential fear to many in washington, d.c. the second fear is that chinese politics are not like that in germany, japan, or south korea. it is a single party state, a rival to the u.s. so that economic rise comes with a bunch of geopolitical baggage. carol: let us get down to with. it. what is at stake? what has china become good at compared to the rest of the world? what countries have to be worried? tom: it puts them head to head with germany on autos and taiwan on semiconductors. with south korea on electronics, automobiles, shipping. so those economies are the ones that faced the most significant challenge from china 2025. one of the oddities is that in most of the sectors china is targeting, the u.s. is not a major player. carol: staying with china's plans, "bloomberg busines

china u.k.'s chancing or to china it's time for you. at the moment to terrorist mysterious the most important officer under her leadership i believe was out just like a terrorist to me said. you golden era hugh to be hung sed to a new level c. because russia and china are now considering cross border payment systems hundred billion dollars of trade in twenty. you don't think washington will be telling downing street even while you tell the business here it's really dangerous this because they're cutting out the dollar from international trade well i think they need ours or comes from apart from us maybe even support of these because they would like to see who powerful countries rights are only one powerful countries so just like a you many countries the as is reason why they want to create europe because out there was countries because the really maybe it's better to give up using dollars yeah of course backed by washington money and has quite a track record in. i think maybe you were alluding to that institution with respect to africa.

china's leading by far the way just google the you know china capital expenditure china cap ex and there are leading the way by far in semiconductor capital expenditure so investing in innovation investing in you know creating new products for the markets whereas our corporations are tending to. not invest in any new innovation but instead just handing it out to some oligarchs who are like ok this game is over for our economy let's just take as much as we can and live in a happy like retirement for us as china takes off they're also leading the way train is leading the way and oil refinery x. investment and also our telecoms where of course we have you know basically the telecoms have divided up this nation down to individual states or territories so you know it's usually just one telecom company that provides the internet internet infrastructure to an area that's your only option so what do you going to do if they if they have bad service you have to use them anyway. so i want to look at one story as well that ties with both of these in that trump's tariffs on china and his sanctions on

relationship with china. i began with the trump adminstration national security strategy that refers to china as a strategic competitor. through the section 3 investigation, another action that the administration has gone even further and accuses china being an unfair competitor, and this seems fair and accurate. but to compete, the u.s. should not just criticize, then you have an affirmative strategy and the start with emphasizing u.s. strength and seizing opportunities to demonstrate better u.s. alternatives. our strengths in my opinion start with our model of the private sector and not government support leading the way. second, are deep and long- standing relationships with the allies around the world who share our values and ideas, not just having transactional arrangements. while china may have spent $1 trillion over the last five years, i think it is far more important that just in the indo- pacific region alone, the u.s. has $1.4 trillion in trade annually and has invested over $900 billion in the reg

china trade war. but first rethink your budget or face fines that's the message from the european commission to its elite the government in rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit. the father of the world wide web says the internet is broken but that he has a plan to fix it speaking at the website. tech conference in lisbon this week tim berners lee said that there's been a big change in the web since he invented it nearly thirty years ago his foundation has released a new contract for the web with guidelines for companies governments and individuals to protect an open web the contacts will be published in may next year at a moment when half the world's population is expected to be online now it's been described as the greenest

and china. basically it's all of eastern europe minus the united states and china. they've tried hard to use push this agreement towards a substantial conclusion that, india has been the holdup all along because next year is a election-year and there's been disagreements with members about the level of ambition for trade rules. it looks like they won't get quite the conclusion they want to be able to announce and this means that this trade agreement will drag on into next year and likely beyond. but there will be a lot of discussion around that as well. so, vice president pence will give the speech at aipac and in his engagement with his asean counterparts, and that his intervention of the east asia summit, the countries will look for reassuring message that gives a little more detail about the free and open pacific means for the u.s. commitment and vision for the region. there is some concern about u.s./china policy, the strategic rivalry. countries appreciate a strong u.s. presence in the regi

rishaad: will you limit yourself to just china? >> our focus now is china. it is the biggest and fastest growing ev market. in a couple of years once we establish ourselves in china, we will look outside to see other opportunities. rishaad: international partnerships? >> we are looking in a number of areas, car technology, autonomous driving sensors. rishaad: one of the big european car markets? >> we will never rule anything out. rishaad: thank you. motors. we are invited, all of us, to try the cars. yvonne: sounds good. coming up, the wheel has been spun on the world's biggest gaming have. we have more on the outlook. this is bloomberg. ♪ yvonne: we have stories about oil speaks drop, the feud between melania trump and a white house aide that is reported to have ended with the sacking. on tictoc, how bob iger may miss a $60 million bonus. high rollers and high-stakes on as uncertainty over china's gaming licenses could stall investments in the macau. casinos, 16 years macau openedum -- its doors. $33as seen revenue grow to billion. the trade war could se

is accusing china of theft. it comes 10 days before the leaders of the two nations meet at the g20 summit in argentina. the professor of global affairs at the johns hopkins university school of international studies joins us now from washington. welcome to the show. it is great to have you with us. there seems to be more consensus within the united states and u.s. allies that the trump administration is not wrong in addressing these concerns over china, especially when it comes to ip theft, but are they right on addressing these grievances now? there is a pretty broad consensus internationally and in the united states that chinese trade practices have been a problem for quite a long time and there are concerns around other unfair practices. critiques that have been raised of the trump administration's approach is the president seems to be focused mainly on the trade deficit, which is not the center of gravity in this dispute, and also that he seems to be following a policy that separates the united states from o

you guys at the nftc do argue the china and u.s. trade relationship needs to be fixed but you believe we're going about it in the wrong way. if you were in the room with these two men this weekend, how would you advise them to settle this dispute >> i would think that the most important thing is that they start to actually seriously negotiate on the issues that the u.s. cares about we accept there are a lot of problems with china's commercial practices, affecting our industries and our technologies. we think the appropriate way to go about it is to get the rest of the world on our side, to focus on building a multilateral effort it would have been a good thing if we had gone ahead with the tpp agreement that would have brought in japan and other countries in creating rules that the chinese wouldn't have been able to ignore we missed that opportunity we still have the chance to work with europe, to work with japan, with our pebest trading allies n north america to put pressure on china to conform to international norms and to start t

china relationship. i think that it is no question, he is a driving force in how the trump administration is looking at its talks with china. no deal will get done without his hand. said, where i depart from grade is that china has offered a starting point. still --ard there is what we need is confidence building measures. need the u.s. to suspend further actions that would escalate tensions. there is a lot riding in the g20 meeting and argentina. we will see where that takes us. >> how favorable our confidence building measures for businesses? how long will it take until we get something concrete and a breakthrough? >> given the range of issues , we are being discussed know that the vice premier and secretary of treasury did have a talk last weekend. what we need is three things. first for china to come with meaningful market access in other kinds of openings to provide some confidence in the u.s. administration area. intellectual property and trade secrets and forced technology issues. on the other sid

xijingping reiterating that china is a champion for globalisation and free trade and that china would start to open up its markets to foreign investment. what is really interesting in hearing from these two top brass in the chinese government at these international forums the chinese government at these internationalforums in the chinese government at these international forums in the space of two days, it pretty much suggests one thing, that they are incredibly worried about this china/ us trade spats and they are not the only ones. pretty much everyone else i have spoken to at the forum, including the likes of former australian prime minister kevin rudd, has said likewise. many have acknowledged the us is firmly entrenched in a trait spot with china but they accept that how they get along will determine global stability and growth. thank you so much. the new economy for is taking place in singapore, interesting to hear what the delegates are discussing. a much weaker yen injapan, higher across the board in asia, markets are ina across the board in asia, markets are in a real holding

around he really china and imposing unilateral tariffs on the chinese exports china does not want to have a trade war with the united states china does not want to have a conflict with the united states but if the united states really wants to impose these things onto china i think the chinese people will be fully mobilized behind the chinese government and the chinese military on friday the trumpet ministration announced that washington's reimposing old sanctions against iran that was lifted as part of a twenty fifty nuclear deal donald trump took to twitter to taunt tehran with the news in a post that resembled the tiger line from game of thrones now the sanctions which are slated to come into effect on monday follow america's unilateral withdrawal from the iran nuclear agreement in may of the new sanctions come on top of the ones already imposed by washington and focus heavily on iran's oil sector penalizing states that refuse to stop imports of crude oil from iran meantime the u.s. secretary of state says the main target is the iranian government. the sanctions hit at core areas

and many farmers are abandoning palm oil cultivation to help see china's demand. i haven't dared to drive on so far maybe doesn't change the future so that's it from us for now if you want to learn more about their stories go ahead and visit d.w. dot com slash business and of course you can check out our social media feeds at facebook and twitter i'm krista coren delenn for me and the entire team thanks for watching. the to. cut cut. cut cut cut cut. cut cut cut. cut. cut. cut cut cut. cut. the fast pace of life in the digital. shift as the lowdown on the web showing new developments and providing useful information on the wheaties flames and interviews with makers and users the. next on t.w. . we make up about week watches over half of the under educated we are the seventy seven percent. want to shape the continent's future. market and join african youngsters testing share their stories their dreams and their challenges. the seventy seven percent. platform africa's charge of. entering the conflict zone with tim sebastian faulks have been challenging those in cost

the economy in china has slowing down faster than even china expected to. as we are seeing a natural depreciation, they are trying to manage it. they are not necessarily worried about the level it gets too, but the pace of decline. i think we will continue to see that depreciation through the end of the year. i don't think they are afraid to let it hit seven. i think that is a mental threshold for the market. i think that is going to happen and it is ok for them. i think we will get to seven, we will breach it at some point and it's not going to be that much of an event. michael: i just made this chart , for aou were talking little bit later. this is china's export growth. look on the right side there. this is a country that is slowing down? no it's not. you see the did when donald trump announced tariffs. is everybody buying chinese goods while they can before the tariffs go up, or will they continue to? conventional wisdom. exports from china to the european union, which is not imposing tariffs, were up a significant amount as well, 14%. so, is china goin

and china but japan the eurozone and u.k. certainly have glaring imbalances in financial bubbles that might burst at any time the u.k. probably has one of the worst and most obvious problems caused by years of easy money but has diverted attention from the slump in the savings rate so he looks at the savings rates that say euro zone which is kind of down the u.s. is actually kind of up since the financial crisis you case has plummeted to near zero the savings rate we're going to get into that about how steve kean was right and basically he blames austerity for it but austerity and steve kean did warn on this show what was it two or three years ago maybe four years ago that financial a steady would cause economic disaster in the united kingdom because of a cause the savings rate plummet because if the government's not spending that it could only come from somewhere that has to come from either savings or the government so it with the savings rate that low you would think the economy would be growing faster because it suggests

china. or to china it's time for you even at the moment a terrorist mysterious than the most important officer under her leadership i believe is out just like a terrorist to me said. you golden era hugh to be in hong sed to a new level c. because russia and china are now considering cross border payment systems has been a hundred billion dollars of trade in twenty eighteen you don't think washington will be telling downing street even while you tell the business here it's really dangerous because they're cutting out the dollar from international trade well i think many ours are comes from apart from us maybe even support of these because they would like to see who powerful countries rights are only one powerful countries so just like a you many countries. as is the reason why they want to create your royal is because out there there was a counter is that because the really maybe it's better to give up using dollars yeah m.f. of course is backed by washington money and has quite a track recor

-china trade war. but this enhanced process is part and parcel of the broader escalation and trade tensions between the u.s. and china and it reflects the u.s. government's concern about maintaining technology advantage. that: how confident argue decisions can be made objectively in the context of the geopolitical environment we find ourselves in? my impression is cvs -- cfius is not holding up cases. some cases are getting blocked but some are also getting through. has become a it politicized process, but there is no question this process is reflective of the broader concerns about keeping u.s. technological advantage. companies will have to reckon with that and think about it as part of the due diligence before they come to the table. bloomberg came out with a really shocking report that suggested the likes of amazon and apple are being infiltrated .y the chinese chips the companies denied that later. is that sort of think not beyond the realm of possibility and what are the types of security risks a

and china. speaking of semiconductor stocks, if you look at this chart on your bloomberg, it shows the one-day percentage change in the stoxx index. you can see how volatile it was in october, but on the whole, the bear has prevailed. does this mean that all of these trade worries are priced in? will there be more pain to come? >> i think it will be the case that there will be more pain to come. i think the fall in the stoxx index was mostly driven by week or deteriorating trade earnings. when it was announced last month, the stoxx did not move a great deal. >> what could be a black swan as you look at the trade dispute unfolding? where would you say that investors are overlooking key risk? dan: i think that the political angle is quite a severe one. in june, the trump administration instructed various ranches of the bureaucracy to do better and enhance export controls. on thisrt control region will be the first and not the last action from the administration. the market is paying attention to t