let me bring in here from beijing done you've heard what the other two guests have had to say a lot of this seems to be about technology technology transfer and what the americans are calling technology fixed china is about to move up in sectors it's about to move into the tech world and that seems to be what's driving this is china stealing technology. well. i'm in no intention to defend a lot of practice is the chinese government does it does give unfair comparative advantage to a lot of state owned enterprises but in terms of stealing technology i think there are different interpretation of it because if we're talking about protecting the domestic industry this is an industrial policy than many countries have adopted in their earlier stage of development so we're talking about development policies here you can just open up the market say like the south african one nine hundred eighty s. because before your you have industrial base opening up the market to foreign investors there's bluntly will cause very devastating results because then you will pretty much from lose all your indust

in beijing also the u.s. seems to be suggesting that china is cheating that it's not playing fairly. well those are nice talk points but you'll notice that our my colleague hasn't brought forth any particular evidence to that fact the issue is that since donald trump came forward and became president he has been largely involved in a what he does best which is trying to shade the reality of what is happening china has been rising for quite some time if you look at what the u.s. has been able to win at the w t o we're talking in excess of three quarters of the time if there are real cases out there where where are they and where have they been lost where has china been stealing there's this narrative that goes on constantly and that seems to be on challenge that china has been doing all these nefarious things yet there isn't a scintilla of proof the instances where you had intellectual theft have been very simple to explain individuals have been stealing things in order to make profits for themselves i know th

beijing also and the u.s. seems to be suggesting that china is cheating that it's not playing fairly. well those are nice talk points but you'll notice that our my colleague hasn't brought forth any particular evidence to that fact the issue is that since donald trump came forward and became president he has been largely involved in a what he does best which is trying to shade the reality of what is happening china has been rising for quite some time if you look at what the u.s. has been able to win at the w t o we're talking in excess of three quarters of the time if there are real cases out there what where are they and where have they been lost where has china been stealing there's this narrative that goes on constantly and that seems to be on challenge that china has been doing all these nefarious things yet there isn't a scintilla of proof the instances where you had intellectual theft have been very simple to explain individuals have been stealing things in order to make profits for themselves i know tha

china trade standoff escalates beijing hints at choking off vital rare earth exports to the u.s. . also on the show their boss celebrates its 50th birthday in true middle age fashion contemplating past successes and failures. and spinning an old tradition into a new revenue stream how kenyan farmers are swapping high risk crops for silk production. welcome to dean of the business i'm stephen beard symbolism it's good to have you with us while way officials complain the us president donald trump is applying the full weight of the american state to kill their business a spike that the chinese telecoms giant is now appealing to u.s. courts to find in the firm's favor arguing the u.s. ban has hardware is unconstitutional meanwhile the trade dispute between the 2 nations continues to simmer with beijing now threatening to restrict key mineral exports to the u.s. for huawei the case is clear politicians in the us i use in the students often entire nation will come after a private company they are using every it tour they have including legislative. and diplomatic china us they want to pu

i might go that far most beijing residents use the bikes for much shorter distances for the so-called last mile from the subway to their office or home for the first time in quite a while the number of bike journeys is growing zoned out that's devices the chinese ministry of transport on behalf of the german government does far off unified that that was the positive effect of all the various bike sharing company i seeing them and us and officials started rethinking things in the cities and instant governments and it's a big discussion in many urban areas today all over the world the question of how we can get people to enjoy riding by ascot. most roads in beijing have a bike lane like this and we're going to take a look now in what condition they are. this one is nice and why then pretty comfortable to ride on even if there are. a couple of obstacles along the way i just managed to squeeze past one car making a turn and there's another issue too many vehicles stop or park on the bike path then you have to swerve into the car lane so a less than perfect situation. and there are other n

for months washington has been accusing qual way of spying and delivering data to leaders in beijing is distant weiwei is something that's very dangerous you look at what they've done from a security standpoint from a military standpoint it's very dangers from general a clear rebuttal that u.s. government has provided no evidence to assure that our way is a courtesy threat there's no gun no smoke. only speculation speculation that has landed way on the so-called entity list of companies u.s. firms contrails with google's already announced that it won't provide updates of its smartphone operating system android to while away chances of u.s. companies including chip maker has come under pressure meanwhile the u.s. chinese trade will recess collating beijing has suggested it might limit textbooks of rare earths to the u.s. in danger in the tech and defense industries that the u.s. defense department told congress on wednesday that it was already trying to reduce its reliance on the minerals from china the world's largest producer of rare earths . and let's go now to our financial corres

. >> this is what beijing looked like 30 years ago. baback then, china was c callee kingngdom of bicycles. but then, urban planners had a different idea. for decades, they did evererythg they could to make beijing more car-friendly. around six million vehicles now clog its roads and highways. and the kingdom of bicycles has become thehe capital of traffc jams. thenen, two years ago, colorfl ntal bikes s suddenly began appepearing everywhere. all l you need to use one e bry is thepppp, and they cost less ththan 30 euro cents per hour. so a anyone with a smartphone n now find a bike practically anywhere. i went to find out if the new chnology iencouraging people to get out of their cars. mobike was the first bike-sharing company. it launched in 2016, a and now claiaims to have 2 200 million s worldwidide. >> at fifit there was cut-thro mpetetitio therere were over r a hundrd companies s on the markeket. now there arare just three or fr leleft. wewe're not makiking a profit , but we're gegetting there e biy bit. our reresults in sepeptemb

adrian but given that trump has now ordered tariffs on chinese imports how is beijing likely to respond. well i think the question is how proportionate will china's response be now we haven't had any details yet as to what china thinks about trump's decision to basically now tax all chinese imports into the united states any word we get will come via the website of the commerce ministry here in beijing and it may not happen today may happen on sunday or indeed on monday now the chinese delegation and are on their way back to beijing knew her actually gave a nother interview before he left china left the united states i'm sorry admitting that actually there had been disagreements in the discussions with the united states one of the sticking points came down to what china said it was going to purchase there was a misunderstanding mr hurd seemed to say he also said changes are natural before any deal is finally signed but he also added that the talks are going to continue and it's worth bearing in mind that there is actually a glimmer of hope here elizabeth because these new terrorists tha

beijing says it won't swallow bitter fruit and apps upon it china just announced it will raise tariffs on u.s. goods in response to washington doubling its tariffs on china but u.s. officials warn the trade war is hurting both sides. also on the show pakistan's e.q. is a 6000000000 dollar lifeline from the international monetary fund i meet high inflation and massive debt. and after the opening of the rice market in the philippines small farmers feel for their livelihoods. alone welcome to business asia want to get jones good to have you with us the u.s. china trade route enters a new chapter beijing has just announced it will impose tariffs on $60000000000.00 of u.s. goods from the 1st of june this comes just 3 days after washington doubled to duties on a raft of chinese exports and while the economic saber rattling continues u.s. consume us stands to foot the bill. fish textiles in footwear if they're made in china they're about to get a lot more expensive for u.s. consumers. that's after the u.s. hike duties on those goods to 25 percent more terrorist might be coming according to u.

and he joins us live from beijing. we await the response. yeah that's right and we haven't had that response yet nick when it comes it'll come via the website of the chinese commerce ministry here in beijing and the question is how proportionate will that response be on the issue of tariffs china doesn't really have much room for maneuver because of course it exports far more to the united states than the other way around so it doesn't have as many potential targets as the united states does but it could still make life actually quite difficult for american businesses here in this country could delay the issuing of new licenses that u.s. companies and other foreign firms need to operate in china it could delay custom clearances on u.s. imports and of course it might decide to start selling that large chunk of u.s. debt it owns in the form of u.s. treasury bonds but a lot of analysts argue that actually that would actually backfire on china and hurt china's economy it's difficult to know nick just how you know worried china's leaders are righ

is very at odds withjeremy attitude to beijing is very at odds with jeremy hunt and attitude to beijing is very at odds withjeremy hunt and others attitude to beijing is very at odds with jeremy hunt and others who have takena with jeremy hunt and others who have taken a more consolatory line to beijing. ithink taken a more consolatory line to beijing. i think others have talked about a golden age of cooperation, but that is not a view shared by governments in. which is one of the reason that other people have said, well, if anybody was going to be mounting a robust rebuttal of this idea of cooperating with wildly, it could be him. -- with huawei. i deny thinking this is domestic politics unravelling or will be —— will they be thinking this is domestic politics unravelling or... ? they will be watching very closely. they we re will be watching very closely. they were grilling the prime minister about why britain's is getting so close to a company that is vulnerable to coercion by chinese data security. there are very real fears there. it should be said that britain already does have

in beijing also. the u.s. seems to be suggesting that china is cheating that it's not playing fairly. well those are nice talk points but you'll notice that our my colleague hasn't brought forth any particular evidence to that fact the issue is that since donald trump came forward and became president he has been largely involved in a what he does best which is trying to shade the reality of what is happening china has been rising for quite some time if you look at what the u.s. has been able to win at the w t o we're talking in excess of three quarters of the time if there are real cases out there where where are they and where have they been lost where has china been stealing there's this narrative that goes on constantly and that seems to be on challenge that china has been doing all these nefarious things yet there isn't a scintilla of proof the instances where you had intellectual theft have been very simple to explain individuals have been stealing things in order to make profits for themselves i know th

can beijing afford to restart a full-blown trade war now? there has been a a sisignificant economic slow down here in china with the gdp considerably plateauing at a level that is much slower than it has been in the past. it is still l ch higher r than e avererage in the world, but definitetely an economicic slown here in china. the thing is, the chinese levelels -- has more levevers to use to contrtrol an economomic slowdown than the united statess has b because its a more centralized economy then a completely market econonomy. we c can expect china to be able storm b bymore of a injecting morore liquiditity ino the chinese economy, but this will have itits o own problems,e increasesed debt. it is also important to o note that 20%f china's gdp comes from exports, a a sizable c chuk that wilill be direcectly impacd by a raise in tariffs.s. but again, t this could d also t the americican economy because f the way tarariffs w work is thee generalllly distributeded down e liline to the consumer. those consumers being americans who are buying ch

billions of dollars worth of chinese goods as the two countries failed to resolve their differences beijing says it will retaliate what will the impact be on the global economy also coming up. the first results from south africa's election showed that the ruling a.n.c. is heading for its was outcomes in its twenty five years in government. drawing with the party of nelson mandela. and a right kidney company google for plans to make its debut on wall street we speak to the driver discussed struggling to make make ends meet and i'll skip the company's low wage business model has come to an end of its travel. it's a standoff that could have far reaching negative impacts on the global economy at the stroke of midnight of washington time the united states increased talent's on some two hundred billion dollars of imports from china the move comes as the two sides failed to resolve the dispute over trade over the last few hours investors appear to have taken some parts from the fact that the talks are due to start up again today. but this has on settle so the was economically this france's finance

beijing also and the u.s. seems to be suggesting that china is cheating that it's not playing fairly. well those are nice talk points but you'll notice that our my colleague hasn't brought forth any particular evidence to that fact the issue is that since donald trump came forward and became president he has been largely involved in a what he does best which is trying to shade the reality of what is happening china has been rising for quite some time if you look at what the u.s. has been able to win at the w t o we're talking in excess of three quarters of the time if there are real cases out there where where are they and where have they been lost where has china been stealing there's this narrative that goes on constantly and that seems to be on challenge that china has been doing all these nefarious things yet there isn't a scintilla of proof the instances where you had intellectual theft have been very simple to explain individuals have been stealing things in order to make profits for themselves i know th

beijing retaliates and its trade dispute with us and markets tumble on fears that things are spiraling out of control so is there still time for a deal between the 2 nations give you the latest. also coming up attacks on 2 saudi tankers in the persian gulf was the real target the price of a barrel of oil. and counterfeit in poor quality drugs are threatening hundreds of thousands of patients on the african continent we'll tell you what's going on. below and welcome to business i'm stephen beard's in berlin good to have you with us u.s. china trade row has taken another turn with beijing announcing it will increase tariffs on 60000000000 dollars of u.s. goods from the 1st of june this comes just 3 days after washington more than double duties on a raft of chinese exports the economic saber rattling is hitting businesses and consumers on both sides of this feud. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of u.s. imports. raising tariffs will not solve any

for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates the highways bridges railways ports a network stretching across asia africa and even into europe part of countries are often eager for investment and for improvements infrastructure the new silk road is a charity project of course china is lending money and spreading debt sri lanka even hand the report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon they'll be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employees hopes to further expand aided by china's belto

coming up, jamie dimon, from the global summit in beijing. don't miss that interview on bloomberg tv. the $38 billion takeover plan is superior, giving chevron four days to boost the offer or walk away. executive saidef he is willing to end if the price gets too high. profiles aredit taking on more and more debt. , didatest ability record not indicate any course of action to rein in markets. refused tohin has release president trump's tax returns. this rejection opens the door for democrats to pursue more forceful means including issuing a subpoena or filing a lawsuit. turkey has ordered a rerun of elections in his temple. allegedng ak party widespread irregularities in the original election. erdogan has been criticized for undermining democracy. extinctions face according to a new report that calls for global action. climate change is cited as the third biggest cause along with pollution and changes in the way the land and sea are used. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analys

china trade route as beijing an ounce retaliatory tariffs on u.s. goods in response to washington doubling its telling. come to do business africa monica jones and berlin good to have you with us and we are starting in same barber which has throttled its energy output in a bid to conserve a dwindling supply of electricity the state power utility has introduced rolling power cuts that will last up to 8 hours a day those outages are more than just inconvenient they could cripple key industries especially mining which accounts for more than 3 quarters of zimbabwe's export with a country already in a deep economic crisis public anger at the government is growing now that crisis has seen shortages of u.s. dollars fuel food and medicines as well a soaring inflation that is eroding earnings and savings to ease some of the pain were citizens and are helping themselves to the assets of former president robert mugabe some barbarians flocked to former president robert mugabe's farm after learning that his belongings were up for sale the auction was organized t

china trade standoff escalates beijing hints at choking off vital rare earth exports to the u.s. . also on the show their boss celebrates its 50th birthday in true middle age fashion contemplating past successes and failures. and spinning in old tradition into a new revenue stream how kenyan farmers are swapping high risk crops for silk production. welcome to you business i'm stephen beard symbol and it's good to have you with us while way officials complain the u.s. president donald trump is applying the full weight of the american state to kill their business despite that the chinese telecoms giant is now appealing to u.s. courts to find in the firm's favor arguing the u.s. ban on its hardware is unconstitutional meanwhile the trade dispute between the 2 nations continues to simmer with beijing now threatening to restrict key mineral exports to the u.s. . for huawei the case is clear politicians in the u.s. i use in their skins off an entire nation will come off a private company they are using every it tour they have including legislative and administrative and diplomatic to chi

for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt and road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates the highways bridges railways ports a network stretching across asia africa and even to europe partner countries are often eager for investment and for improvements the old infrastructure the new silk road isn't a charity project of course china is lending money and spreading debt sri lanka even handed report to the chinese after nearing default and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon will be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employees hopes to further expand needed by china'

for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt and road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates to highways bridges railways ports a network stretching across asia africa and even to europe part of countries are often eager for investment and for improvements to own infrastructure the new silk road is a charity project of course china is lending money and spreading debt sri lanka even hand the report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon will be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employees hopes to further expand aided by china's

and chinese trade officials in beijing the date has yet to be determined so from that sense they're still talking to each other and even donald trump suggested on friday that he could roll back these new tariffs sense implied and so quickly to have them imposed but the question is how soon could that happen and how soon will u.s. and chinese negotiators be meeting once again it doesn't seem as if the process has been torched full whole whole scale but it does mean that this process of trying to get a trade deal between the 2 countries something that seemed almost completed a week ago is now going to take that much longer in order to achieve and this really does come down to whether the negotiators can somehow put aside a lot of the political rhetoric coming not just from washington brunt but from beijing as well and actually work out a deal that can be approved by their raw governments on both sides of the pacific that is the challenge isn't it thank you very much ron and jordan in washington well let's get a view from china now because adrian brown has this report from the capital beijin

so why is this move being seen as beijing. so why is this move being seen as so beijing. so why is this move being seen as so significant? well, these rare minerals are a critical component in making things like iphones, electric vehicles and advanced precision weapons. and this is being seen as a veiled threat against the us and its technology companies. china is upping the anti in the trade war with the united states by saying it would make supplying domestic chinese companies with these minerals before fulfilling demands by other countries —— ante. technology is increasingly being seen as another industry in which the two countries are waging the trade battle. in 2018, china produced about 78% of rare earths. it owns about 40% of global resources. and staying with the ongoing trade war, the us has declined to identify any of its major trading partners as currency manipulators. however, it did find that nine countries including china require close attention as washington presses tariffs and negotiations to address trade deficits. president trump has repeatedly accus

for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates to highways bridges railways ports a network stretching across asia africa and even to europe part of countries are often eager for investment and for improvements to the infrastructure the new silk road is a charity project of course china is lending money and spreading debt sri lanka even hand the report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon they'll be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employees hopes to further expand aided by china's b

chinese shares look rotten today beijing says it wants swallowed to have fruit as washington raises tariffs again but u.s. officials contradict trump admitting the trade was hurting both sides. allege sabotage attacks on the world's most important oil. warnings to ships in the strait of hormuz that they could be next. and the turkish lira keeps falling against the dollar as faces a rerun of its contested merril vote. had been physical and it's to business china says it will not yield on matters of principle that's not stopping stocks from resuming their slump you want also down on the trade impasse between the world's top 2 economies the united states has doubled juvies on a raft of chinese exports and while president donald trump gloat he's now got beijing right where he once said his own advisers admit the reality is different. fish textiles and footwear if they're made in china are about to get a lot more expensive for u.s. consumers. that's after the u.s. hike duties on those goods to 25 percent and more terrorists might be coming according to u.s. trade representatives president donald

relations adrian brown al jazeera beijing. the un says at least 65 migrants have drowned while trying to reach europe from libya after their boat capsized in the mediterranean sea a boat sank early on friday after in countering strong waves off the tunisian coast near the town of syphax another 16 people rescued by the tunisian navy is the deadliest migrant sinking since january meanwhile italian authorities have seized a charity boat which rescued 30 refugees and migrants off the libyan coast it was a scorcher in support of lampedusa by police after picking up the migrants from a sinking rabbit donkey italy says the boat was seized for aiding and abetting human trafficking. well now to venezuela the u.s. has imposed sanctions all 2 shipping companies involved in trade with venezuela the u.s. treasury department says the restrictions are in direct response to the arrest of an opposition member the vice president of venezuela's national assembly a guy has been put in a military prison on treason charges he's accused of supporti

for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt and road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates the highways bridges railways ports a network stretching across asia africa and even to europe part of countries are often eager for investment and for improvements to own infrastructure the new silk road isn't a charity project of course china is lending money and spreading debt sri lanka even hand the report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon they'll be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employees hopes to further expand aided by c

there's a number of ways beijing could hurt the u.s. here, rest assured they're going to try to do it. >> the beautiful letter from xi to trump earlier this week, what will be the message later today. >> they could try to block mergers, limit american investment in certain parts of the economy, and china is a big part of sort of the global supply chain. >> the leverage is on the u.s. side at this point. >> let's bring in cnn's michael moore live in washington. good morning, nice to see you this morning. i want to listen to something the president said yesterday explaining why he is being so tough on china, and why he loves tariffs. >> i'm different than a lot of people. i happen to think that tariffs for a country are very powerful. we're the piggy bank that everybody steals from, including china. we have been paying china $500 billion a year for many many years. >> we know that the president has framed this incorrectly. you know, it's not a piggy bank that other countries reach in and take the money. we buy stuff from them. we get stuf

beijing has put duties on $110 billion of us goods, blaming the us for starting "the largest trade war in economic history". 0ur asia business correspondent karishma vaswani joins us now from singapore, where she has been following the story. karishma, welcome to you. it seemed to come out of the blue this tweet. things have been going so well, do we know where it has all gone wrong? that is not clear to be honest and you're absolutely right, things did appear to be moving on a a positive pace. remember, just last week, we have the us trade delegation led by the us trade secretary stephen nguyen and the trade representative robert lighthizer. they were in beijing at the end of last week and at the end of those talks, mnnuchin actually tweeted that those talks we re actually tweeted that those talks were productive and they would move to washington at the end of next week. —— mnuchin. we have had the threats of further tariffs as you just explaining in those tweets and thatis just explaining in those tweets and that is not going to go down well with beijing. and there are reports, i

all chinese imports question is how will beijing respond. yes indeed there has been no official response so far other than those comments you heard from her china's chief trade negotiator who's been leading the talks on the chinese side since they began almost 10 months ago once we do get word it will come via the commerce ministry website that could happen on saturday it could happen on sunday it could happen on monday strangely enough the stock markets here in china started to stabilize on friday that was after president trump had announced he was raising terrorists and 10 to 25 percent on $200000000000.00 worth of chinese goods i think there was a feeling that as long as the 2 sides are talking then there is hope so i think you know the chinese government also factoring that into their decision as to how they respond to the question is what will be the proportionality of that response on the issue of tariffs china doesn't really have much room for maneuver because of course it exports far more to the united states than the other way aroun

why do you think beijing backpedaled? according to the report we saw, if there was some sort of law that was made between the u.s. and china when it comes to force tech transfers, ip protection, what ultimately do you think led to china to backpedal? was it a miscalculation to do so at the last minute? this is a fairly common negotiation strategy on the part of china. that is to say, it appears to be an agreement, but we have not fully finalized it and therefore there should be some adjustment. i think that is part of it. in addition to that there is also a strong perception on the chinese side that concessions which the united states asked for what amounts to a restructuring of the chinese economic system in a way that would inhibit growth going forward. they were reluctant to do so. what this means with ip, for example, is there would be more effort in the united states, which is already begun if you look at statements from the former deputy attorney general, the director of the fbi, toward law enforcement as a way of p

ok let's go live now to go to you in beijing you were talking there about the the trade talks that have been going on between the u.s. and china this is a very delicate balancing act isn't it for china. that's why time is in a very difficult position for months now it's been saying that they oppose these u.s. sanctions that they're disrespectful and that there's nothing illegal about the way it does trade with iran and furthermore chinese companies themselves chinese energy companies have invested billions of dollars into iranian oil fields so certainly they want to maintain a very good relations with iran moving forward but as we heard just then they have other interests i need to consider and the prior's you right now is really coming really wrapping up this trade war with the united states china's economy is slowing and they really wants to see a solution to the end of these tit for tat tariffs which are really disaster abating the problem and so they may not want to risk that relationship they may not want to risk a deal going forward both sides have said that they could be at the h

beijing had shifted from communism to a more market driven system chinese cinema found a new impetus the possibility of commercial success led by the example of movie makers in hong kong filmmakers on the mainland started experimenting with new johndroe action movies t.v. dramas chick flicks from comics even satire. the producer it was clear to mainland chinese producers just how much potential domestic market had was having come of age watching hong kong cinema in the eighty's and ninety's they began to invite filmmakers from there to come over with industry over the model for china it was diverse it had stars and it played with different genres and what's interesting about some of these films is precisely because of the popularity of the people involved they can push the envelope a little bit. big shots funeral had a lot of comedy revolved around product placement this was a very cynical way of making money by putting large corporations products into the film at the same time the story of the film was about the corruption of everyday life by advertising and market culture unfunctio

let's cross -- summit in beijing. let's cross over to stephen engle with the man who oversees their china operations. stephen: mark leung is getting the marching orders, and he is our guest. and so much for joining us. take marching orders coming from jamie dimon as well because of all of the mentions you are seeking approvalsfor, licenses for. we don't want to call it a jv, a majority ownership. we know jamie does not like the term jv, because you want more control. can you shed more light on what is next? the asia-pacific banking head said it should be licensed by the end of this year. mark: that is what we are expecting. we have been working diligently to get prepared for approval is granted. we feel excited about the opportunity. it is a response to our impending need to serve our clients onshore and across our borders. we have finished our hiring. 80% of our hiring is done and we have key candidates identified. we should be in a good place to get ourselves ready for inspection and hopefully licensing before the e

china imports far less compared to how much the us imports from china so one thing beijing could do is to double the existing ta riffs could do is to double the existing tariffs but that would hurt chinese consumers. alternatively, it could make things harder for american companies operating in china but that could damage its reputation and the fact that ageing hasn't said how oi’ the fact that ageing hasn't said how or when it will retaliate means it may still be hoping to come to an agreement with the united states and there is still some time because the ta riffs there is still some time because the tariffs won't apply because that will already in transit, when the deadline passes, and with the shift across the pacific, that gives the two sides a grace period of up to four weeks to negotiate a settlement which could just be in time for the 620 which could just be in time for the g20 summit which will be taking place in osaka, japan injune when xijinping and place in osaka, japan injune when xi jinping and donald place in osaka, japan injune when xijinping and donald trump are like

for beijing just one stone in a larger mosaic the new silk road it's our theme today on made in germany. now officially it's the chinese government's belt and road initiative a trillion euro series of infrastructure projects meant to smooth the way for chinese goods across the globe that translates to highways bridges railways ports a network stretching across asia africa and even to europe partner countries are often eager for investment and for improvements the old infrastructure the new silk road is a charity project of course china is lending money and spreading debt sri lanka even handed report to the chinese after nearing the fault and then there's the geo political significance china is aiming for a new influence on world markets. these are cooling and heating units for industrial buildings soon they'll be shipped to the u.s. pakistan bangladesh and mexico the manufacturer broad group a company headquartered in hunan china specializes in energy efficient air conditioning in the next few years the firm with more than three thousand employees hopes to further expand aided by china'

has stressed that the priority will be on known threat how beijing to combat climate change and endeavor it says that will benefit economies across the asia pacific region. and i'm joined now by business is clifford coonan who has long experience covering china clifford the asian development bank isn't the only multinational lender that signal close look at chinese status is it that's right the world bank is also examining it now and i think people are starting to ask questions about do we really need to be lending money to china when as we saw last week we had the belgian road forum in beijing of which china highlighted how it's lending money to other countries in the region and to build its influence and to to move into other parts of the world so i think people are wondering now what is going to happen with with lending and china now the a.t.p. says that it will keep lending for climate change product projects in this case talk about china is that something that's just really needed in china or is this just sort of a face saving measure to keep lending to them but i think as we saw in

beijing retaliates and its trade dispute with us and markets tumble on fears that things are spiraling out of control so is there still time for a deal between the 2 nations we'll give you the latest. also coming up attacks on 2 saudi tankers in the persian gulf was the real target the price of a barrel of oil. and counterfeit important quality drugs are threatening hundreds of thousands of patients on the african continent we'll tell you what's going on. and welcome to your business i'm stephen beers in berlin good to have you with us the u.s. china trade row has taken another turn with beijing announcing it will increase tariffs on 60000000000 dollars of u.s. goods from the 1st of june this comes just 3 days after washington more than double duties on a raft of chinese exports the economic saber rattling is hitting businesses and consumers on both sides of this feud. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of u.s. imports. raising tariffs will not s

and china and make or break trade talks for the threat of a new tariffs hanging over beijing. the e.u. is accused of caving into u.s. bullying after denouncing iran's plans to resume nuclear work. but francis assures a new north all clergy to report sex abuse and cover ups within the catholic church also south africa's ruling party on course to stay in power despite its worst electoral hourman since the end of apartheid. u.s. and chinese lingo she has have been holding talks to rescue a trade deal that appears close to collapsing the chinese vice premier met u.s. treasury secretary steve miniature and others in washington d.c. the u.s. is preparing to increase tariffs on hundreds of billions of dollars worth of goods imported from china accusing them of breaking earlier commitments the chinese deny this they say they'll retaliate. i have no idea what's going to happen i did get last night a very beautiful letter from president xi let's work together let's see if we can get something. but they renegotiated the deal i mean they took whether it's intellectual property theft they

do you think that could change do you think the authorities in beijing will try a bunch of measures, think this is not enough and start looking at one? >> if you look in the big scheme of things, the yuan is one of the few currencies that has failed to deprecate against the dollar the seven level has been so important in terms of psychology if the data continues to weaken, particularly if this last round of tariffs goes ahead after june, the path of least resistance is to allow it to weaken it will help the export sector monetary policy has been eased we've seen an injection in liquidity over the past few days one of the small rural banks in china has been under stress. it's an easy way to accommodate policy >> so you're saying q3 that could start to happen? >> we think the risk is after this g20 summit, if you don't generate progress, dollar/china does go through seven. >>> i want to pick up on the end point, the longer term effect of the supply chain changes from a currency perspective what other asian countries are you looking at that could benefit from these shifts in supply chai

programp here in the come alive out of beijing. jonathan gardner read >> the asian equities strategist. a lot more besides. the hang seng, down 0.4%. this is bloomberg. ♪ >> i am emily chang and this is bloomberg technology. leadership under fire. boardl hear from one member trying to change the power dynamic. alibaba is considering a mega deal that will bring china's largest

a tale of terrorist strong and twitter washington issues fresh terrifying towards beijing at a time of war talks were supposedly going well catching markets off guard. also on the show the city where more startups are born per capita than any other we take you to tel aviv and israel the site of an ongoing tax. and the sharing economy comes to be key think we'll look at a german app back to the next be far worse to cross progress in search of pollinators. welcome to the w business i'm joined on in berlin thank you very much for joining us now trade talks between the u.s. and china appear to be going smoothly for weeks that is until a surprise threat by u.s. president donald trump to ratchet up tariffs on chinese goods this friday and to impose a fresh round of duties effectively covering all chinese exports markets all over the world were caught off guard. the trade conflict between the u.s. and china has lurched from crisis to crisis but even on friday there seem to be grounds for optimism donald trump paled progress in averting a full blown trade war with xi jinping china but the deal

spent in beijing, but there were a number of sticking points. the question really is not whether there is going to be a deal at this point, but when they pull the court on this. a lot of people believe that donald trump will be looking at this as a political card, as he battles on towards his re—election campaign. there are reports that president trump is making concessions, particularly on cyber theft, and the chinese are also making concessions in terms of opening the banking system. can you confirm this? well, these are discussions that have been held. the issue is, as always, when you make a deal, there is always somebody unhappy. there has to be some give—and—ta ke. unhappy. there has to be some give—and—take. i don't know about the concessions on cyber theft, i think the issue is that china has shown a considerable amount of movement both with the legal process and a number of laws that have made it much, much more difficult for cyber theft. remember, china it much, much more difficult for cybertheft. remember, china is it much,

last week, when the talks were going on in beijing, it looked positive. the mood music was dotting the is and crossing the t‘s. was dotting the is and crossing the t's. is about test efforts agreement so t's. is about test efforts agreement so they wouldn't be legally binding and enacted into chinese law. when they did that, really, it went they weren't actually able to have the legal consequences that the americans wanted. they might have done but china had a jet — may get out ofjail card with the change. what do you think is going to happen? will negotiators agreed today? will china move on this? happen? will negotiators agreed today? will china move on thi57m is unlikely we will see a revolution — make resolution today. we might see a move from china to delay. it won't work with trump, not today. and also with trunk being so strong and vocal. —— trump. and also with trunk being so strong and vocal. -- trump. there is a domestic political element to this because we have the us presidential elections coming up and it looks like the leading demo

relations adrian brown al-jazeera beijing. an already as an international economist a lancaster university in the u.k. he says he's not expecting a breakthrough as the u.s. china talks are set to continue. i'm not sure these are crunch talks i'm not sure in other words of a true negotiating teams are sitting in a room today in washington could do much person in a sense kelly to this situation to a level where i think there must be a frank and wide ranging conversation between the two presidents are to break the scene passive because of the two negotiators then they always have to report back to them and then all of this other than can come up with a tweet of it completely changes the strategy so crunch talks today possibly possibly not our course we don't know everything that they will be able to see or are much of the team committed to on both sides while but the other there are two issues to think about of the long term as you mention and the immediate effect that the fact that the markets have not moved or are not moving mu

a tale of terrorist strong and twitter washington issues fresh terrify at towards beijing at a time of war talks were supposedly going wild catching markets off guard. also on the show the city where more startups are born per capita than any other we take you to tel aviv in israel the site of an ongoing tax process. and the sharing economy comes to be keeping a look at a german app that connects be far worse to prop programmers in search of pollinators. welcome to d.w. business i'm joined on in berlin thank you very much for joining us now trade talks between the u.s. and china appear to be going smoothly for weeks that is until a surprise threat by u.s. president donald trump to ratchet up tariffs on chinese goods this friday and to impose a fresh round of duties effectively covering all chinese exports markets all over the world were caught off guard. the trade conflict between the u.s. and china has lurched from crisis to crisis but even on friday there seem to be grounds for optimism donald trump paled progress in averting a full blown trade war with xi jinping china but the deal

china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of u.s. imports. raising tariffs will not solve any problems but china will never surrender to external pressure we have the determination and the ability to safeguard our legitimate rights and interests. more than $5000.00 u.s. products including american airplane parts and liquefied natural gas are among exports to be hit by the new tariffs from the beginning of next month washington sanctions announced on friday activated a new 25 percent duty on nearly $6000.00 categories of products from china. after announcing his new tariffs president donald trump took to twitter to assure his people that china would foot the bill for them saying we will be taking in tens of billions of dollars in tariffs from china but on us t.v. one of trump's chief economic advisors was forced to admit that u.s. citizens were going to be splitting the bill with chinese consumers despite beijing's bluster by setting the june 1 date ra