i focus in china, in the wealth gap, in china may, the village, in the southeastern part of this province and typical factory, just up the river, in the factory cluster in china's perl river delta. when i was 21 when i met him, for five years he had been a true migrant, he worked in shanghai and a big coastal city not far from shanghai but a number of different jobs when i met him, as you can see here, as a welder in an electronic component factory in the city, his girlfriend, comes from a migrant worker, in province, for migrant workers. they met their. in this small village, share the same surname that were distantly related in smaller villages in china, the best jacket, i met her outside the factory she was working in several months earlier, met her again, for two reasons, one was to help her parents with the rice harvest, the other was far more important, to renew her identity card. it that point going back to the year 2000 migrant workers in china were vulnerable to local police authorities, with proper documentation with up-to-date identity card, put into black jails held for ransom

china because china has always regarded — china because china has always regarded taiwan _ china because china has always regarded taiwan as _ china because china has always regarded taiwan as its - china because china has always l regarded taiwan as its breakaway province. — regarded taiwan as its breakaway province. and _ regarded taiwan as its breakaway province, and result— regarded taiwan as its breakaway province, and result has- regarded taiwan as its breakaway province, and result has been. regarded taiwan as its breakaway. province, and result has been shown to take _ province, and result has been shown to take taiwan — province, and result has been shown to take taiwan back _ province, and result has been shown to take taiwan back before _ province, and result has been shown to take taiwan back before too - province, and result has been shown to take taiwan back before too long, aithough _ to take taiwan back before too long, although we — to take taiwan back before too long, although we don't _ to take taiwan back before too long, although we don't know _ to take taiwa

china now accounts for 51% of global production, china's share of global book, 57% in may china not only sold 35% of the world entire supply but accounts for 70% of global production, chinese enterprise calculated roughly 83% of the global real market and fiber-optic cable and 51.6% share in 2019. they can swing prices, prevent domestic entry and 205 remedies thapped against firms in china of the u.s. alone. each of these orders represent the recognition fort china's committed illegal trade practices but during the three years, domestic industry lost jobs, cut benefits or lost market share. u.s. government should respond to china's capitalism through policies and investments directing an economic power with economic reform. we are at $22 trillion economy and civil investment allows it out the door whether it the next generation of medicine. accordingly infrastructure as indicated. 2019, 2.5% of gdp on infrastructure, downplaying from 4.2 in the 30s, 8% of the gdp. filled out the critical roles and improve education, union members, american workers are guaranteed the next tax dollars will

and china and china is not one cent of china g.d.p. gross and china china is also leave 800000000 people out of property accounting 70 percent of. war poverty level so they have a contribution in almost a total war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think also on the world you know the west encounter neither be more tolerant of china if the chinese do well you know like they obviously have a doesn't matter it's all white cat black cat as long as it catches mice with a contribution to the 31 3rd of the world g.d.p. gross you know never become a. conqueror any. continent or countries or send in troops to other countries or fight in you know that's what i want done to when you examine your call for more tolerance example for example for my last dollar that's the french that i know but the but also you know hundreds in a 10 tolerance a 1000000 weakest locked up in riyadh so-called reeducation camps tolerance of persecution of christians is that the kin

china and china is not one cent of china g.d.p. growth and china china is also leave 800000000 people out of private accounting 70 percent of. war poverty level so they have a contribution in almost a total war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think was on the ward you know the west encounter neither be more tolerant of china if the chinese do while you know like there is obvious server doesn't matter it's all white cat black cat as long as it catches mice with a contribution to the 31 3rd of the world g.d.p. gross you know never become a. conqueror any. continent or countries or sending troops to other countries or fighting in advance like i want them to when you examine your call for more tolerable example for example for my last dollar that's the french that no but the but also you know how lonesome a $10.70 weakest locked up in riyadh so-called reeducation camps tolerance of persecution of christians is that the kind of tolerance that you

-china problem. what dan outlined at the beginning, it shows, hey, this is a free world-china problem. and it's going to require a great deal of international cooperation. it's ongoing and needs to be expanded and so i think that we can compete effectively, certainly if the world's largest economies come together, and tell china, hey, you're not going to be able to remake the world order in a way that's favorable to you and unfavorable to us. you know, there's the saying that, you know, that the phrase that that president obama used during the last days of this cooperation engagement strategy that was a hopeful strategy that was not really grounded in reality, which is that we have more to fear from a weak china than a strong china. well, we're not trying to keep china down, but we do have quite a bit to fear from a strong china under the direction of the chinese communist party. so, it's just going to require us to be much more competitive. >> we have an avalanche of great questions from people part

beginning with china u.s. policy on. china want. welcome to. join us now even as the united states was bringing in a new administration on tuesday china was slapping sanctions against the old $120.00 eight's top officials of donald trump's administration including former secretary of state was sanctioned by china for colt lying and cheating the measures have been described as unproductive and cynical by biden administration officials the new sanctions underline the fraught relationship between both countries and if he needed any indication of how it can develop over the next 4 yes' president biden's nominee for secretary of state. had this to say during his senate confirmation hearing i also believe that president trump was right in taking a tougher approach to china i disagree very much with the way that he want about it in a number of areas but the basic principle was the right one and i think that's actually helpful. and there were other indications as well from blunt about the future u.s. stance on key issues with china secretary pump aoe d

beginning with china u.s. policy. change and what does china want. and what of u.s. allies in the region. expecting. welcome to. join us now even as the united states was bringing in a new administration on tuesday china was slapping sanctions against the old $120.00 eight's top officials of donald trump's administration including former secretary of state was sanctioned by china for colt lying and cheating the measures have been described as unproductive and cynical by. the new sanctions underlined the fraught relationship between both countries and if we needed any indication of how it can develop over the next 4 years president biden's nominee for secretary of state antony blinken had this to say during his senate confirmation hearing i also believe that president trump was right in taking a tougher approach to china i disagree very much with the way that he want about it in a number of areas but the basic principle was the right one and i think that's actually helpful. and there were other indications as well from blinken about the future u.s. stance on key issue

china is goingt, to have uh experts entering china. they are going to have to quarantine for two weeks and then they can start their work. it is a big step forward. public issued a rare rebuke of china last week for delaying travel. all of this reflects global concerns that china is obstructing efforts to find out how this virus came about. itm china's point of view, is not to fully engage with the notion that all of this stems from china, that china is to blame. question, how much can the who achieve? beijing has controlled all the research, all the data. >> from china's point of view, they have shared with a have. they don't have a lot either. i think we need to bear and mind -- bear in mind we don't have clarity on how many viruses including sars, lots of viruses that have come into the human population, how they came about. we do know china has pledged to taken.amples that were they are going to share environmental samples they collected and they pledged to share what they know about the expeditions to back caves around china -- ba

even though that is the narrative in the region is all about china, china, china. my book tries to kind of wrestle with that distinction. now just to conclude, then we can get into our conversation and question-and-answer period, looking to the future i see for possible scenarios. first, further bandwagon and with china. second, continued soft rivalry between these two powers as i described it. which can lead to competitive coexistence. third, a harder rivalry a polarization of the region between the two major powers. and fourthly, kind of a more neutral hedging. so ray, maybe you could put up that one slide i have two illustrates where i see the region today. now this slide is a snapshot of the presence, 2020. as i see it, long spectrum over these countries fall in general terms of their orientation. the book describes the metrics for this judgment. legacy most the country seven of ten or on the side of the neutral line. three are on the american side of the neutral line. i'd like to know even those three are not out towards the left hand end of the spectrum. : :

the 1st act of a deep crisis with china. if you would walk away without doing this or that and i really made the decision but we're not to do any business while we're usually doll made contact united states is fighting us with force and determinations we didn't expect them to hit so hard you push. how did it come to this how did the chinese telecom company while way find itself involved in new technological and geopolitical war. we're now in an era where technology artificial intelligence quantum computing telecommunications and cellphones are the commodities that are driving conflict at a global scale. the reason behind america's anxiety regarding one way is that its activity reaches much farther than telecommunications he who dominates will undoubtedly dominate a large portion of to moore's economy. a 5 g. network deep sea cables facial recognition cameras the cities of the future. is weaving a new technological web the covers the whole world. while away is something that's very dangerous you look at what they've done from

china's cyber bullies channel on all. china's could be catastrophic . china has strength of our economy. china is a threat to us supply chain security persistence was whereas businesses are world leaders in 's role you encounter. i said medicine, contaminated cosmetics auto parts and a few massive volumes as family of prc exploited the crisis by sending us a dvd directly hurting american citizens. foreign investment has proven to be right. china continues to pursue his investment to gain new technologies but it can produce domestically to develop its own field and secure access to critical supply chains. american companies are going out of business due to the unfair practices used by china in harming the likelihood of cows to hollow out on the other, the industry are critical to employ millions to the persistent and enduring threat was my chinese business tactics. china wants our visa systems to advance its military using a wide range of government, non-private actors and. they use visiting professors scholars students to steal information and replicate

he said repeatedly that a stronger china is a better china. he believes more powerful china will benefit the united states. that is certainly not a consensus view in washington anymore, it's not even in the view that barack obama has, but the question now becomes when he is the most powerful man in washington, what is he going to do? were gonna see a reversal of a lot of the top policies that were necessary that were implemented by the trump administration and designed to check the rise of china and growing chinese power around the world. for many, his rule feels like a communist throwback. that isn't just a concern of the people who live there, but the whole world should be on alert. that, when we come back. stay restless with the icon that does the same. the rx crafted by lexus. get 0.9% financing on the 2021 rx 350. experience amazing at your lexus dealer. because of the research that i've started to do on ancestry, with documents, with photographs, i get to define myself through the scores of people who lead to me. bring your family histor

and china. flooded chinese government like we set it less china relations sed i think the washington side will see a continuation of that relationship but a different style. but you said that the chinese government is also looking for a reset what do you mean by that. well the chinese government really has been very unhappy with the way how the trump administration's been dealing with china particularly in the last few weeks of the trump i mean astray shouldn't be over it nice it keeps on and relaxing control but meetings between u.s. officials and the american officials as well as the classification and all of what happens in shin john as a country all for genocide when it comes to the ties between the united states and china do you think that the direction the future course of ties between these 2 nations will influence how the u.s. approaches it starts with other countries in the region. i think it will go. where i think we have to is a new administration in washington which recognizes that a

and then the narrative is all about china china china so it looks like to wrestle with that distinction and just to conclude and looking to the future before these possible scenarios continued soft rivalry between the two hours that i describe that could lead to competitive coexistence and the high - - the harder rivalry and then a more neutral hedging women who can the one side to illustrate that this is a snapshot of the president as i see along the spectrum and general terms of orientation to describe the metrics you will see most of the countries are on the chinese side of neutral and you on the american side and even those three are the left hand into the spectrum may have substantial relations for all three cases and they are close to being neutral to those powers and in the assessment closer to china that is the snapshot of a bandwagon and in that region i just think it is overstated. but it is old and dynamic and two years of our six months from now there will be more movement viewers and readers need to understand it is a fluid situation and it can change because of two things.

there is a lot of criticism over china's behaviour, i south china, hong kong, i part of china, beijing feels it has the legitimate i right to do something about its own territory. there is a lot of criticism over china's behaviour, i but a more difficult question i for western commentators is, for a country of china's size, 1.4 billion people, _ its economic power and weight. we have seen a lot of| criticism, but not a lot of constructive suggestions — what type of relations - we want with china . in the years to come. i think that's going . to be a more difficult question for the decades to come, perhaps. - a lot of scratching of heads well beyond this celebratory year for the chinese communist party. the vaccination programme was boris johnson's justification for visiting scotland this week. why did the prime minister need one? because the pandemic restrictions imposed by scotland's government — to which powers have been devolved for more than 20 years — ban all but essential journeys. this, declared the first minister, nicola sturgeon, a champion of scotland separating from th

and china. all of our questions are really putting the e.u. back in the relationship with either the u.s., traditional relationship going back to world war ii and during the cold war, and then thinking about a new relationship with the e.u. and china. and it is actually giving the european union a little less agency in this. you are describing in many respects an e.u. that has seen -- that is an amalgamation of independent sovereign states but as a sort of separate power trying to secure its own sovereignty and its own place in the world, and then interact with others, but is not defining itself just in terms of the relationships between the u.s. and china. i think that does raise some major questions about how you handle this complex of relations. because, certainly, president trump did not want to coordinate with the european union on china. he repeatedly said, i'm not going to do all the heavy lifting and then have you take advantage of it. he didn't see the european union or even some indivi

china mobile and china unicom are seeking a review of this delisting. they want to take the company and shareholders. they want the review on january 20. plenty more to come. this is bloomberg. ♪ his is bloomberg. ♪ haidi: before we get a check of the markets, we have a miss when it comes to japanese exports for december. 2% rather than 2.4% as expected. a big fall of over 11% when it comes to the import number. let's get a look at the markets with sophie. sophie: lower reaction in the yen. singapore open to the upside. we are waiting on the boj decision. moving to the upside after u.s. stocks went to a record overnight. checking australia, the asx at an 11 month high with tanks and tech gaining ground. energy shares under pressure, below $53 a barrel. gold producers in sydney are gaining ground. trading 1870 this morning. some lift overnight for gold. this rebound in aggregate commodity prices has been a boon for commodity related equities. projections are signaling caution for optimism of the 122 msci materials index. 82 are expected to see prices

to china you do generally see. in a proven in the economic picture as are the coded numbers you know that as you know that the way the carbon numbers are reported in china does bring some questions as to how they are reported nevertheless if you do look at the 11th activity in the economy level movement of people across the economy it does suggest that at least the overall the high level picture of the cape situation in china is accurate ok catherine talking about china and economic activity there aiming to double the size of the economy by 2035 that's a big goal is it possible catherine so she didn't announce this at the end of nasiriyah and in his 5 year plan all the governments flogging if so achieving that kind of growth we would have to see china grow roughly 4.7 percent per annum which is probably somewhat achievable so to get the structural story behind china remains very much intact and by that i mean high incomes household wealth this is the shift urbanize a shift in the rise of the chinese consumer and th

to china you do generally see. in a proven in the economic picture as are the coded numbers you know that as you know that the way the carbon numbers are reported in china does bring some questions as to how they are reported nevertheless if you do look at the 11th activity in the economy level movement of people across the economy it does suggest that at least the overall the high level picture of the cape situation in china is accurate ok catherine talking about china and economic activity there aiming to double the size of the economy by 2035 that's a big goal is it possible catherine so she can bring analysis at the end of nasiriyah and his 5 year plan on the government so achieving that kind of growth we would have to see china grow roughly 4.7 percent per annum which is probably somewhat achievable to get the structural story behind china remains very much intact and by that i mean high incomes household wealth this is the shift urbanize a shift in the rise of the chinese consumer and this is why there's such

to china you do generally see. in a proven in the economic picture as are the coded numbers you know that as you know that the way the carbon numbers are reported in china does bring some questions as to how they are reported nevertheless if you do look at the 11th activity in the economy level movement of people across the economy it does suggest that at least the overall the high level picture of the cape situation in china is accurate ok catherine talking about china and economic activity there aiming to double the size of the economy by 2035 that's a big goal is it possible catherine so she i'm doing analysis at the end of nasiriyah and his 5 year plan all the government's money if so achieving that kind of growth we would have to see china grow roughly 4.7 percent per annum which is probably somewhat achievable so to get the structural story behind china remains very much intact and by that i mean high incomes household wealth this is the shift urbanize a shift in the rise of the chinese consumer and this is w

undermine china u.s. relations. which has fallen to their lowest points in 30 years. the current situation in china u.s. relations is not what china decides to see and the u.s. is completely responsible for all of this. the chinese citizens only to see the chinese communist party support our free and open society following a 4 year freefall and by the to retire there will be left to biden to decide where to steer this cell which relationship. joining us now from beijing is correspondent berlinger how has china reacted to the new president taking office in the u.s. . been very careful for now and has not been out and with the asked about the new president as many other countries in the world yesterday during the inauguration china has done something very interesting that has sanctions big number of high officials in the trump administration who are most at the to china and is said house sanctions them in a way that might harm their future korea's it has sanctioned them their family members and all companie

china tensions. as we speak the national security advisor ryan o'brien commenting in a statement saying that the u.s. is examining further options to respond to china. week's,he last politicize arrest of 60 people former elected officials for exercising their political rights under the basic law is the latest of many successive nails beijing has driven into the coffin of hong kong's democracy. coming from a statement from the national security office, talking about the trump ofministration declaring -- hong kong's free and open society at the hands of china. notsteve, it really will have relations, the fact that we have more controversy over taiwan. what is the trump administration doing now? stephen: it is well those comments data set -- it is interesting those comments. the u.s. has accused them of meddling in hong kong. the biggestviously perhaps flashpoint for u.s.-china relations in east asia. any other week perhaps this could be the world's top story. the united states essentially and according

policies of resisting china. what we are dealing with -- and i deal with myth -- with this in my book at length is the world's greatest power ship that has happened. countries are trying to position themselves in the new order that has emerged. shery: it will be a very tricky world order to navigate. ambassador, always great having your thoughts. geoff raby, former ambassador to china. we do have breaking news at the moment. we are hearing from the hong kong economic journal that kuaishou is seeking to raise up to five point $4 billion in hong kong ipo. this would offer the shares to 115 hong kong dollars. each in that hong kong ipo. they are offering 365 million shares according to the hong kong economic journal. this is a chinese video start up. bloomberg has learned they have drawn blackrock and apple dobby's investment -- and abu dhabi's investment arm. the hong kong economic journal reporting they are seeking to raise up to $5.4 billion in that ipo. coming up next, the engine asian presidencies the economy r

china. on january 23rd 2020 china announced that immediate academic had begun to spread in the city of rouhani in the center of the country. the chinese authorities decided to impose a lockdown on tens of millions of people the 1st of many that over the next few weeks would spread across the world here on that same day in geneva the director general of. world health organization was urging for calm rather than caution. make no mistake. this is though i mean merge and see in china. but. it has not yet become a global health emergency. over the next few weeks the daily reports coming out of china went from unsettling to allow me. the 1st cases seem to have emerged in wu hum that the end of 2019 near a way to market will live animals are sold and slows it in squalid conditions. it's here that a novel coronavirus is believed to have been transmitted from animals to humans and have claimed its 1st casualties. doctors treating those 1st cases in ruhani central hospital try to alert the authorities

and china. well it means a few things 1st of all you have to consider the fact that when we're talking about the u.s. and china and china has been taking as we've talked about on the show many times before a more prominent role worldwide and what does that ultimately mean well it means that more finance is being directed their foreign investment is being directed there and the converse of that china is making greater investments worldwide into other countries their road and build initiative obviously has been able to really expand their reach and influence around the world certainly with countries around the world that in the past the united states have more influence over so we're really watching kind of a shift in that in that power dynamic the u.s. which still holds the world's reserve currency i don't expect to see that change anytime soon but what we still hold that the us finds itself increasingly running behind china and that's somewhat problematic especially if you're looking at the fact

china mobile, china telecom, and china unicom are expected to be delisted soon. china mobile says it has not received notification from the new york stock exchange while the other to regret the decision. in other news, the u.s. congress has met with first time with nancy pelosi winning another term as house speaker. calls for a new generation of leadership. there was no other candidate and she achieve the required 50% of the vote to secure the gavel. it could be a momentous week with members preparing to debate and ratify joe biden's election win. to the u.k., financial firms have won a life line from italy where they can continue to do business even as non-eu companies. rome says it applies to any firms that applied before the end of last year. the u.k. and single market clinched a deal but critics say it accounts for 80% of the u.k. economy. byia's trade deficit jumped 26% as imports surged. inbound shipment rose 7% and exports flatlined. gold imports ballooned more than 80% from december of 2019 while petroleum products on the biggest decline for any commodity

we're joined now by fabienne crash were a journalist in china and currently in china has sealed off 2 cities following covert outbreaks leaving 20000000 people under strict lockdown how great is their fear that the virus will actually spread well actually had one for example i've not so affected by it but it is the feeling in the ring around the chinese new year that in mid february and the holiday season when usually more than 500000000 chinese on the move that traveling to their hometown and visiting relatives and for me it sounds like it is happy because the yet what the chinese new year season when things got out of control and the virus spread pretty hot within the country i already know from my thoughts those who work in state owned companies to cancel their visit family and i'm expecting if this remote drastic turn of events for the better then that will be a really big travel warning genoa trouble wanting and for the people in a province of the province if they already now go trying to go to beijing they have some problems so yeah it's quite dramatic. so i mean china of course

even though the narrative in the region is all about china, china, china. my book tries to kind of wrestled with that, that distinction. just to conclude, and we can get into our conversation and question-and-answer period, looking to the future i see four possible scenarios. first, for the bandwagon with china. second, continued soft rivalry between these powers as i described it which can lead to competitive coexistence. third, the harder rivalry, the polarization of the region between the two major powers, and fourthly, a more neutral hedging among the part of asean. ray, maybe you could put up the one slide i have to illustrate what i see the region today. this slide is a snapshot of the present, 2020, as i see it along the spectrum of where these countries fall in general terms of their orientation. the book describes the metrics for this judging. you you'll see most of the cos are on the chinese side of the neutral line. three, vietnam, singapore, the philippines are on the american side but i would like to know even those three are not out towards th

a china that uses predatory trade practices and a china that is now the leading source of espionage against the united states put all that together and they've decided to go after them. who could have imagined this company's great destiny. how is it grown so quickly to become emblematic of an entire nation one time in its history. when one was founded in 1907 china was in full growth. 10 years beforehand the new leader helping had launched his great modernization reforms with a single objective to elevate china to the rank of a world superpower. today's china is entering a new phase here we are now focusing our efforts on the modernization of farming and industry science and technology along with national defense so we can we do our country in a typically chinese way. in the 1980 s. when huawei was born when it was just getting started and. the chinese market economy was also in just getting started so the chinese government in beijing which is thousands of miles away in the north of china decided you know we're going to have a few cities where we're going to try out capitalism and

our way on the verge of a hot war now which china and if there's a war which china be the end of life on earth look you know it is the the reality is the united states hasn't won a war since world war 2 i forgot about grenada you know. and you could sort you could see the brilliance of the united states military police in what happened in washington on january 6th so the united. out out what does it call the afghan war which is only going on now for 20 years now we get in a war which china it's over it's over but the wars that i see the we have to start worrying about it going to start breaking out in the middle east as tensions keep rising around with ethiopia uganda congo libya syria turkey again when all else fails they take you to war israel which is going on with netanyahu running again and again and again and being brought up on charges that he can't still can't face now that doing it so are more concerned about that because the united states knows that if there's ever a war with china it's the end of the world so let's dig a little bit into u.s. dollar policy foreign policy in

to china you do generally see. in a proven in the economic picture as with a coded numbers you know that as you know that the way the carbon numbers are reported in china does bring some questions as to how they are reported nevertheless if you do look at the 11th activity in the economy level movement of people across the economy it does suggest that at least the overall the high level picture of the cape situation in china is accurate ok catherine talking about china and economic activity there aiming to double the size of the economy by 2035 that's a big goal is it possible catherine so she i'm doing analysis at the end of nasiriyah and his 5 year plan all the government's money if so achieving that kind of growth we would have to see china grow roughly 4.7 percent per annum which is probably somewhat achievable so to get the structural story behind china remains very much intact and by that i mean high incomes household wealth this is the shift urbanize ation the rise of the chinese consumer and this is why the

petrol china, china nysee, china unicom, proceeding to deal us to china stocks. china's oil majors maybe next to be de-listed. china'sing it remove three biggest telecom companies. largest oil producers as well, casino could be -most affected- sino could be most affected. currently one down for percent. opec planning to meet to consider production. the cartel says the outlook for this year is mixed with downside risks to juggle. energy experts say adele needs to be struck for the good of all memberountries.--all countries. >> 23 nations come together and look at and abyss of negative well prices, everybody sticks together. as prices go up, everyone's goes their own interests, saudi arabia, what you, russia another view, but they cannot afford to not have a deal. haslinda: let's bring in john energyl, director of gtd market intelligence fund, happy new year. it was a volatile year for oil which ended down 20% on the year. what will drive prices in 2021, the vaccine? >> well, you have to be very careful because the vaccine when we first got the announcement from pf

are we on the verge of a hot war now which china and if there is a war which china be the end of life on earth. look you know it is the the reality is the united states hasn't won a war since world war 2 i forgot about grenada you know. and you could sort you could see the brilliance of the united states military the police in what happened in washington on january 6th so the united. helped out what is it called the afghan war which is only going on now for 20 years now we get in a war which china it's over it's over but the wars that i see the we have to start worrying about it going to start breaking out in the middle east as tensions keep rising around with ethiopia uganda congo libya syria turkey again when all else fails they take you to war israel which is going on with netanyahu running again and again and again and being brought up on charges that he can't still can't face now that doing it so are more concerned about that because the united states knows that if there's ever a war with china it's the end of the world so let's dig a little bit into u.s. dollar policy foreign po

was 130 countries you have a country and china and china is not one cent of china g.d.p. gross and china china is also leave 800000000 people out of property cutting 70 percent of the world poverty level so they have a contribution in almost a 2. the war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think also on the war you know the western country need a bit more tolerance of china if the chinese do while a lot like there is obvious of a dozen matters of white cat black cat as long as it catches my eyes with a contribution to the 31 3rd of the world g.d.p. gross you know never become a 'd. conqueror any. continent or countries or sending troops to other countries or fighting you know that's like i want them to when you see example call for more tolerance example for example for my last dollar that's the french that. yeah but the but also you know in a 10 tolerance a 1000000 weakest locked up in riyadh so-called reeducation camps tolerance of persecution of christians is that the kind of tolera

to china you do generally see. in a proven in the economic picture as are the coded numbers you know that as you know that the way the carbon numbers are reported in china does bring some questions as to how they are reported nevertheless if you do look at the 11th activity in the economy level movement of people across the economy it does suggest that at least the overall the high level picture of the cape situation in china is accurate ok catherine talking about china and economic activity there aiming to double the size of the economy by 2035 that's a big goal is it possible catherine so she i'm doing analysis at the end of nasiriyah and in his 5 year plan all the government's money if so achieving that kind of growth we would have to see china grow roughly 4.7 percent per annum which is probably somewhat achievable so to get the structural story behind china remains very much intact and by that i mean high incomes household wealth this is the shift urbanize a shift in the rise of the chinese consumer and this i

china he sea as if they own the entire south china sea. how can the united states compete against a country that does not play by the rules of the global road? senator tom cotton was among the first lawmakers to raise the red flag on china's military on this program. he joins us now. thank you very much for joining me. >> thank you. good to be on with you. maria: let's start with these sanctions. what was your take-away of what we saw this past week as china is targeting additional individuals in america? >> maria, these sanctions against former trump administration officials are a dangerous and insidious escalation of china's effort to influence american policy. on wednesday, just moments after joe biden took office, a couple dozen trump administration officials were sanctioned by china. now, at first one might laugh them off, was sanctioned last summer and i laughed it off. the sanctions apply to any company or individual that associates with them. this is not so much designed to punish trump administration officials but to send a shot a

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china is popping new things on the u.s. this time in a bid to keep washington away from taiwan but what will it mean for future talks between the world's 2 largest economies we have a lot to get to through let's get started. in the latest controversy over the nordstrom to pipeline it appears eric insurance group one of switzerland's largest insurers is dropping out of russia's project this would make it the 3rd firm to pull out following threats of u.s. sanctions according to reuters the outgoing trumpet ministration is preparing a final round of sanctions on companies involved with the pipeline zurich insurance did not comment specifically on customers but said they have a comprehensive compliance framework in place and are committed to fully comply with any applicable sanctions regulations while the north stream 2 backers said the pipeline can proceed german media reported the group has delayed completion once again the 1200 kilometer pipeline running from russia to europe across the baltic sea is now 94 percent complete.

is it were of china against the would of freedom so i would say if china would do the earth usa japan and i would they say even the e.u. e.u. countries because their interest their trade interest would be damaged shoot taiwan be taken over by turn stark warning from there where taiwan's are president into germany thank you so much for joining us. and taiwan has lived with the threat of the chinese a vision for 7 decades but with china dramatically building up its navy and military in recent years the threat has presented new levels double international editor richard walker looked at the threat as part of the largest special report. february 2020 taiwan's air force releases this image to the media it shows a taiwanese jet fighter intercepting a chinese boma flying near its airspace a rank glimpse of the dangerous tension in the skies so we are spending our skies defending all our waters every more but in the last few decades this constant pressuring from the chinese side is like a stress test on multiple levels it's hardly going to demoralizing the taiwanese public but it's also simpl

china is -- it's now no longer a policy of america first, it's china first. russia is winning because he's fighting the institution of america about energy and independence. tomorrow i will send him a letter because he just went back and lied to us one more time. he's killing energy independence in america making russia and the middle east stronger. >> maria: i want to talk about the biden agenda and how the congress will react. also that xi jinping begin the doubles presentation. let's listen into the proceedings right now. >> donald john trump, president of the united states. >> president biden: the managers of that part of the house will be received and escorted to the wall of the senate. >> maria: congress when, we are taking him like watching the managers take their seats in this, i don't know if you couldt is certainly going accordingly and they will make some comments right now. what are you expecting from the republicans? will you get 17 republicans to vote for this article? >> no. and i question if all the democrats could be there. think about it. th

and china? we have not talked about a trade war for a wild but we have seen even in the last weeks and days of the trump presidency that the pressure continues to pile onto chinese companies. do you expect and easing in that relationship? -- an easing in that relationship? do you expect that to continue this year? >> thank you for raising this question because i think given that the market has been largely ignoring the progress of the trade war, we want to highlight that china has really been lagging behind in terms of implementation. given a new biden administration, we see some uncertainties in the u.s.-china trade and technology relationship. we think the new administration might be adopting a much more systematic approach towards china which may introduce much more certainty in terms of negotiation and progress in managing the relationship, but that does not mean the u.s. is going to go easier on china. we do see much more risks coming from especially the tech sectors when the u.s. is trying

of china. it just fell apart. both mongolia and tibet are independent. so, when you look at mongolia today and especially when you look at tibet today, this is the last time they look back and see themselves as independent nations. and china was so weak that it could not do anything about mongolia and tibet. and that land in between those two places is where the problem that the chinese are having exists today. sun yat-sen is a medical doctor and has not put together a military backup. so, yuan shikai who had been a general in the ching dynasty's army and had his own army the beiynang army and begins a military dictatorship. he actually tries to start a new dynasty. but in 1916 he is dead, there's an argument that he was poisoned but he's no longer the ruler. back up a couple of years. to 1914. and this is when the japanese with their british allies take on the german concession at qingdao. the chinese asked to take part, wanted to take part and really wanted once the germans were kicked out to

that is sinopec petro china. the big player in the drilling in the south china sea as well, that is what wilbur ross highlighted, saying cnooc allegedly is complicit with the ambitions of the chinese military, the pla, in its desire to expand and drill in the south china sea, as well as what he says is bully its neighbors, who are joint claimants to those waters in the oil fields of the south china sea, so adding cnooc to the entities list, this is essentially a commerce department blacklisting, it prohibits that company from accessing u.s. technology without permissions. haslinda: we know that inclusion is surprising. how does it impact the company? >> the impact can be twofold. first, operations. second, share price performance. for now, the u.s. comments department only restricts the group and access to technologies without permission, but that may also affect the parent company more than the group company, as it is more of an energy conglomerate and has different business exposure, but the impact for the list

china has repeatedly denied. the will high in lab said none -- the wuhan lab said none of their workers were infected. it is basically the back-and-forth that has been going on for one year. i think people just want to see that evidence that the u.s. has, if it has any. haslinda: rachel chang, asian consumer and health care lead. rishaad: can you hold a major international sporting event during a pandemic? organizers of the australian open say yes, but chaos has already erupted. we have 72 players unexpectedly forced to quarantine after covid-19 cases were detected on their charter flights. we are talking more than 1200 officials, players, and support teams arriving in australia for this tournament. already they are anticipating strict rules, including daily testing, 14 days stuck in a hotel as well, right? haslinda: that's right. what is one to do if you are a player waiting to compete? you practice in your room, of course. we have a player uploading videos of them practicing inside the room. you have to get cre

and china. well it means a few things 1st of all you have to consider the fact that when we're talking about the u.s. and china and china has been taking as we've talked about on the show many times before a more prominent role worldwide and what does that ultimately mean well it means that more finance is being directed their foreign investment is being directed there and converse leave that china is making greater investments worldwide into other countries their road and build initiative obviously has been able to really expand their reach and influence around the world certainly with countries around the world that in the past the united states have more influence over so we're really watching kind of a shift in that in that power dynamic the u.s. which still holds the world's reserve currency i don't expect to see that change anytime soon but what we still hold that the u.s. finds itself increasingly running behind china and that's somewhat problematic especially if you're looking at the fac

of china. it's cultural. probably the most famous novel in china is "ah q." by lu xun. i'll show you another slide in a moment about the importance to the chinese. the other thing is vernacular chinese. there was an attempt to get literature out to the people. to get literature out to the people, it had to stop being written in the classic manner. and so the idea here is to write magazines and books that can be read as normal novels, like we would in the west. you didn't have to read them in a foreign language which was ancient chinese. and one of the big issues here were the repudiation of confuciusism. that's going to be a theme throughout mao's reign because it was seen as anti-egalitarian. it was based on a set of superior and inferior relationships. and so it was one of the targets. boycott of japanese goods, that students understood who the problem was. the problem was twofold. the problem was the japanese. and the problem was governments in china that were too weak to oppose it. and that

the united states under biden will not get easier on china, but i think it will try and bring china to the table together with u.s. allies to discuss things very important for them all. there are be much less opportunity for accidents or misunderstandings, which is very important. i think stability would be very good for everybody. reporter: how concerned are you about recent developments in hong kong? >> there are tensions, but we have been very supportive of hong kong as a place to do business, but we hope they can be there for the medium term and they can benefit from it. reporter: what kind of recovery are you expecting? i know it's difficult to see the vaccination, the rollouts, different countries doing it at different speeds, but are you more optimistic about this year? >> i do hope that we will prevail over the virus, but this will not be immediate. there will be stops on the road. because of the health uncertainties, it will lead to an economic situation that may be not too dissimilar to the one we saw on the last quarter of last year, but as the year advances and vaccination

it's militarily a much more powerful china and it's a much more assertive, even aggressive china. and i think the biden administration will have to react to that and might do so differently. it will do so differently. it'll do it more with allies and focus more on human rights and so forth. but there's no honeymoon in us chinese relations. again, this is a very different china. the question about supply chains in particular, if we don't like dependency on china and then we have to offer an alternative, and i think it's going to behooves us working with others to come up with alternatives. if we don't like, for example, chinese 5g networks, well, we have to offer an alternative. and that might mean things in the united states or working with europeans or asians. but we have to come up with alternatives. the best way to make sure that china does not emerge as dominant is that we outcompete them. and i think in our history and in our capabilities, we can do that. but we have to, again, almost like the answer to des�* question, mr friedman. we have to put our own house in order. ame