and in both cases china loses for a very simple reason china was old china was vast but china had fallen behind technologically. her ships were not as maneuverable as the british ships. they would have stayed at the art. her cannons were woefully behind the chinese cannons were cast of bronze and made it in portugal in the 1600s. the british cannons were again the very finest there could be had in the most accurate. so britain handily won the first and second of these so called open wars and used that opportunity to demand the china open up several other ports, including ning paul. parts of shanghai chiensen etc. once this news became known this is what happened if we take a look at this political cartoon, you can step around. if you take a look at this political cartoon you get an idea of what was to happen. here we see china shown as a sleeping dragon, of course a reference to a napoleon's comment that china was a sleeping giant and fighting over the carcass. we see the british lion the russian bear the american eagle the french rooster etc. they're all farting over the carcass to be m

or china. competence so is their game plan the kind of play possum they say will take your funny money and will going to buy half of the s. and p. $500.00 until such time as a.o.l. the s. and p. $500.00 and then we will take your funny money more what's going on that's. the genuine it isn't the dollar and i think they will come out with a terrible currency to replace the dollar i think let me you ask as errors is very much a one party system and they need equal they want tried was so they want it you tried in the democrats. while the biggest blunder in economic system you have in that state was china and the oligarchs it. went to this government and what he wants changed twitter google censor america if you want cheering 1000000000 new customers in china and here in china it's all in chains while you're right the same thing with. china rock and then we are quo and he's moved everything and no china will. probably one who are without a shot being fired is nobody to sions are purchased by china n

discussion now on efforts to deal with china. we'll hear from former secretary of state henry kissinger and former senator joe lieberman on u.s. diplomacy and china's plan to be a world power. the mccain institute hosted this half-hour is that. event. >> it's my honor to pose this discussion with dr. henry kissinger and is a member of the board we welcome henry and thanking him for agreeing to participate in this virtual 2021 for him. henry and i agree to capture the spirit of the sedona forum that neither of us would wear a tie for this hearing so this is as close as we can get. i want to say first how important henry kissinger was to john mccain. a great source of counsel for foreign-policy and a loyal friend in every way. i was privileged on a couple of occasions to be together with henry kissinger and john mccain. one memorable trip overnight across the atlantic to go to the u.n. security conference in which we spoke on many topics and there was a way in which john and i were controlled by just hearing henry's stories which w

why does china have something to hide -- why, does china has been to hide? >> china has already fully cooperated, the operation started from the burst week of the discovery of the pandemic in wuhan. in 2020 early january. and throughout all of these months, china worked closely with the who and china was transparent in welcoming to bho experts which included many american scientists -- who experts which included many american scientists in wuhan and they had a conclusion. we need to use that conclusion rather than using politics and refused to put science above everything else. this is the attitude of china and i will propose we build up a global chronology for all of the evidences leading to the outbreak of the pandemic, including many evidences which have been discovered in the united states and in several other countries. by looking at all of the relevant data and evidence, we will have a better idea as to where truly this virus started. >> you say china was very transparent with the world health organization investigators. as we heard about report, they

or china. yes companies so as our game plan the kind of play possum they say well take your funny money and we're going to buy half of the s. and p. $500.00 until such time as we all the s. and p. $500.00 and then we will take your funny money more what's going on that's. the genuine is the change there was the dollar but i think they will come out with a terrible currency to replace dollar i think the us as parents is very much a one party system and they need equal they watch tried was so they want it you tried in the democrats fighting with while the biggest plunder and economic system you have china and the oligarchs ishq point in this better than anybody else traitor who will hear all sense or long or they want cheering $1000000000.00 in chad in here in china's or in in chains while you're right the same thing with. china rocks when we are grown and asian moved everything and no china will. probably run who are without a shot being fired is nobody titian's or china nobody and i standing on

for china here. we did not do business with the soviet union. overwhelmingly did not to business. and yet we are treating china as if it somehow -- it's almost on a benevolent, but a different power. it's all for money? it just makes my stomach turn. >> unfortunately it is. and that is why we are seeing business lobbies in the national security ox battling it out in d.c. right now. >> laura: hold on, i've got to interrupt you. this is a battle for the future of the world. i mean come our country versus china. that is it, that is where the whole shoot is. i love your book, but it's not just national security, this is human rights, this is economic dominance, this is everywhere earth material, this is every precious metal, this is subjugation of humans on a scale we have not seen in decades and decades. this makes the apartheid regime look hideous -- look, you know, modest to what's going on in china today. >> that's wanted 2% right and do you also -- we have the reserve currency of the u.s. dollar at

new zealand gets tough on china putting trade relations at stake with its biggest business one spot the shift and the asian pacific the global giant. just a dream most women aiming for top managerial companies in germany what's holding them back. and it takes me around for a decade now the countdown is on to the 1st flight in a real environment for a new way of getting to work. business career suicide or is little new zealand standing up to trading giant china going to spark a revolution smaller asian nations are closely watching as prime minister. makes a major policy shift that could make things a little uneasy. when it was time to condemn china's crackdown on the democracy movement in hong kong and its treatment of its minority muslim population in new zealand has been reluctant to sign up to statements from its 5 eyes alliance partners the center left government even suggested its partners were not showing enough respect for china new zealand's biggest trading partner and urged australia to be more cautious in their wording when dealing with the chinese government this prompted an o

and that is the ending of the war in china itself within the china theater. this is of course an integral part of world war ii and in fact, of course the china theater starting with the outbreak of the sino japanese war in 1937 is in its own right the single longest theater of the second world war as a whole and i think that's worth remembering just briefly in terms of the context when we think about what happened in i think some very packed very fateful days in 1944 and 1945. so just to remind ourselves it is worth remembering that the outbreak of war between china and japan which became the asian theater of or two and important part of it ahead of the pacific war started in july 1937. and therefore the chinese had been fighting the japanese for four and a half years before pearl harbor actually happened in other words both communist and nationalist chinese the communist thunder mounted on and the communists under shanghai sheikh coming together in an uneasy alliance during the course of those eight years. we also know that even though statistics then were v

-china including rep. stephanie murphy and dan sullivan and mark esper. >> my name is josh, columnist with the global section of the washington post. this panel will be about the china challenge, i'm honored to welcome to the stage now, three very distinguished public servants who all not only played a crucial roll in mitigating the united states for the china challenge who all have their own career and personal stories connected to the late senator john mccain. and i myself traveled with senator mccain for many years and many countries to watch him promote both the american interest in american values set up for the countries all over the world. and that is part what we are bringing you forward so part of what we are bringing forward as a country to the china challenges to the world. i would like to welcome you all to this panel right now. i would like to start off with a question and the question i am posting to each of you will start with you sen. dan sullivan. it's very simply this, at the beginning in

problem in china is nobody as we. you know it's a thing because there aren't any interest rate in a comment like new zealand english live by cash and the rest. as you. want news you need to do now and it's very difficult we could change one bundles of cashing now thanks and then at some point fannie mae and freddie mac. could be sold to china and then china would be america's biggest landlord and that my rang some bells or maybe not speaking of having people's bell rung joe biden wants to raise corporate taxes to 28 percent from 21 percent and double the capital gains tax to over 40 percent. this is a sound like a wedding formula to compete with china mats what do you think. i don't know i don't think he's running the show i don't know if he knows it he bernie sanders in income or harrison amc that are behind the scenes here he's going to end in disaster because the economy is not better you can't there is no recovery just a recovery just like we have to shake shrinks lation and there are lying about the information n

involves itself in a shooting war with china and in both cases china loses for a very simple reason china was old china was vast but china had fallen behind technologically. ships were not as maneuverable as the british ships. they would have stayed at the art. her cannons were woefully behind the chinese cannons were cast of bronze and made it in portugal in the 1600s. the british cannons were again the very finest there could be had in the most accurate. so britain handily won the first and second of these so-called open wars and used that opportunity to demand the china open up several other ports, including ning paul. parts of shanghai chiensen etc. once this news became known this is what happened if we take a look at this political cartoon, you can step around. if you take a look at this political cartoon you get an idea of what was to happen. here. we see china shown as a sleeping dragon, of course a reference to a napoleon's comment that china was a sleeping giant and fighting over the carcass. we see the british lion the russian bear the american eagle the french rooster etc. the

and china. and that was what was written on the paper in front of him that's what he said and -- two days later information about the virus started pouring in. and that sort of they thought lasted about two days and then you know after the virus hit, for a time as book details -- president trump continued to believe his xi jinping or at least wanted to believe his if good friend xi jinping that this was under control in two separate phone calls and told trump that it was under control and herbal medicine would go away when it got warmer and this fed into, you know, a process, in fact, in the white house that relaid a stronger response and contributed to suffering of americans. of course chinese government did this with countries all over the world in march and april, the chinese government blackmailed the united states government with our keeping -- in order to pressure fbi homeland to shut up about its conduct related to virus. you know, by the time it became clear to the president and everyone

was up to when you talk about the greater knowledge of the china made in china 2025 program, the greater knowledge about the united front efforts, the efforts of various organizations of the communist party to influence the us opinion leaders, us thinkers. business elites and there was , the changing climate was quite dramatic. but me ask you to hypothesize had hillary clinton been elected president, in 2016 might that have happened ? >> to be sure, if hillary clinton had been elected, the policies would have been different area that the strategies would have been different and the personnel would have been different and i think i do not think that he would have been able to continue what many saw in the obama administration is a large re-engagement focus, largely risk-averse and confrontation others policy. in other words, what we're seeing in providing an ministration right now is a something in between where the obama administration was and trumpet ministration ended up in that is a competitive based approach that sort of his clear eyed about the activities of the chinese leadership b

about china's trajectory? not at all. if you look at the history of our government, we had rolling disagreements with beijing about every conceivable thing. however, the manner in which we conducted our relationship with beijing at the time was professional, it was diplomatic, it was hardline, but we also managed to preserve the overall balance of the relationship. since then, of course, xi jinping has had a much greater period of time in office, he has become far more assertive than he was in the past and the australian government — the conservative government's response to the chinese has from time to time been measured, but at other times, frankly, has been rhetorical and shrill. what is your advice to companies and countries who want to do business with china but also want to raise these issues? well, the bottom line is it's always been a red line for china. i've had many, many disagreements with china on human rights in the past. from what you are saying, it sounds like working together as a global comm

s. military plot against china. we've been a lot of just very strange and unfounded accusations going back and forth. and very few serious scientists wanted to have anything to do with those kinds of claims, even if there might be some truth that matters. the problem with the credibility of the trouble ministration. that even when they said things that were correct or worthy of investigating people still kept their distance, it was something of a boy who cried wolf situation that donald trump created. of course, not only on donald trump, and it should be said as we heard him report that accidents happen all the time. and this could very easily simply be one of them. not because a conspiracy, not because of a bio weapon or anything sinister, but just because humans as we heard in the report or follow ok, but i us investigation whatever it finds. not just another brick in the wall of antagonism between the united states and china. oh, very much so, and we should see this in the bigger political contacts at the u. s. a

that is if china takes any kind of action against australian iron or imports into china. i don't see that at the moment. while brazil is struggling to get back on supply. that is a big deal on the downside. on the upside, you just have to have nothing happening for about three to six months. then each side can begin to talk to each other without the threat of further disruption happening. at the moment, there is nothing to talk about except discord. shery: to your point on iron ore, this gtv chart showing how beijing has been binging on the metal. we are seeing prices rallying. usually in these situations, when you have this rivalry, no circuit breaker, what is next? what happens in order to bring them to the table again? in diplomatic fears, this is quite a common occurrence. what could that circuit breaker be? richard: iron ore, the price is fascinating. because china is exacting heavy economic sanctions against eyes -- against australia. bilateral trade is going up. . the iron ore trade is booming. in terms of the amount, and also the price, so that is supporting the r

coast guard is actively battling communist china principles right now in the south china sea, where the cpp is trying to dominate and bully neighbors, john ratfliffe is with us this morning and i have to ask you your reaction why quote a communist dictator while speaking to the very men and women defending our coast and our country, do you think this is what is expected to send off china's bad behavior. >> it's poor judgment and it's what he's going to continue to be criticized about being soft on china he is the founder of the chinese commonest party in the chinese communist party there is no group that is treating women worst than the chinese communist party treating uighur women right now, millions of them. it is really poor judgment and will continue to open up the biden administration to criticism as they continue to make soft policy decisions that are good for china and not stand up in the chinese communist party. maria: it seems a another policy decision has highlighted everyday, president biden his worst move arguably is giving the u.s. vaccine technology to china waiving any pr

china has not cooperated with who. you have a series of scientists, some prestigious, shifting public views and statements, starting to say the lab leak theory is not a conspiracy theory -- it should be investigated. these include people like dr. anthony fauci, leading infectious disease expert in this country, -- who worked with the pool on -- wuhan lab, and so many others, so it has gone from a conspiracy theory to mainstream, and our article posted sunday, followed by a lengthy, excellent article examining the entire lab leak theory on monday has kicked off a debate to where president biden issues a statement saying i will double down on the intelligence committee efforts to find the answer to this. host: and based on your reporting, what you know about this lab in wuhan, china? what is its purpose? guest: it is certainly one of the leading institutes in china to study viruses. it was built with french help. i am told -- i have not confirmed this -- part of the deal is 50 french researchers give or take were suppose

the south china sea we clearly how that it is part of china. it's an indisputable part and in 19974 hong kong? if they check that box years ago it is a matter of concerned i know they had pay con command. that i will say this much they need to increase their defense spending and we need to look at more ways to cooperate. and greater cooperation with taiwan how do we incorporate into planning with the allies with the australians and others. but now european allies have a presence in the indo pacific such as the brits in the french. so more broadly in that regard of the defense of taiwan but how do we deter chinese aggressive behavior to stick to the principles we are in no are part of that communiquÉ. i will jump an issue to say this about taiwan. there involvement now this is a country who did incredibly well with covid in terms of how to prevent high infection rates they at not a member of the who at the same time we see china try to infiltrate itself and all these international organizations who, intellectual property organization and others

as we continue seeing ongoing sanctions and stress occurring between china and europe were china and the u.s., on the one hand, it is concerning, bound the other hand, investors need to be dipping in the u.s. and europe and one toe in the other market because that's where the future build is going to be. that's where digitization has moved in china. it's remarkable. investors need to be invested in that to take advantage of those efforts. those arguments and the diversification is what gets us into china on that basis. haslinda: speaking of china and the yuan, we are seeing the weaker yuan fixed today. is there a sense that perhaps the pboc is concerned about you on strength -- yuan strength? >> you have seen a significant -- returning. it's a bit more stable. i don't think i sense too much of a concern at this stage but as you start seeing pressure with the u.s. demand, i think you could see them pressurized again to make sure the exports stay very attractive. whether this has enough demand, i don't see that as a huge concern. yvonne: thank you for joining us from state street globa

china. first it was the clampdown on iron ore, copper, corn. the next victim as we talk about import clampdown's, it seems like a negotiating tactic out of china, but we did see movement in these core markets rebounding. it seems like those u.s. cargoes that were canceled there, not that big enough to shift the outlook. haslinda: top u.s. and chinese trade officials have just finished their first discussion. talks between the vice premier and a u.s. trade representative were constructive. let's bring in our china correspondent, tom mackenzie in beijing. it's constructive and very important. tom: as you say, this is the first set of talks between the sides since the biden administration took over. they said these conversations were constructive, candid, and will be continued. they both agreed trade between the two sides is important. we know katherine tai went into this wanting to keep policy continuity. she wanted to check china was living up to its commitments. they have emphasized they wan

the china open is coming up. this is bloomberg. ♪ david: it's only tuesday, but it feels like thursday morning. the hang seng index down, but momentum has come out of the asian markets. we will see what happens with the tech index. by a rough calculation, were already down 30% on the hang seng tech index from the peak. korean markets down 4% or 5%. we will get the inflation numbers coming out of china for april. keep in mind april was the second-best month for commodity prices in the last 10 years or so. keep that in mind. here's the open for you, the opening seconds. we're down about .7% on the csi 200. the 14 day rsi is in the high 40's. what is going up the last few days on friday and monday are volumes. have a look at the hang seng index in the open. we talked about the tech index, we are down 3.5% on that benchmark. 30% from top to bottom right now on that market. we are essentially on track for the biggest drop on that specific index since march 8. we fell 6.4%. inflation number, 6.8%. the estimate for pp

action in country like afghanistan or iraq or libya so china china obviously sees a double standard with these comments and sees how human rights become very politicized and used just to mobilize public opinion against them and that's part of what rick was discussing this thrust towards confrontation and war when these are countries who express openness towards cooperation and toward working together to solve global problems which is what we should be doing well jeremy further to that i mean you hear people on capitol hill saying you know america shouldn't be a nation building but when you compare it to places like china like you said that are investing in infrastructure projects all around the world should america probably do some nation building after much of our military have gone in to destroy those nations. well i think you know joe biden kind of woke up late there was a little conversation in january between joe biden boris johnson where they joe biden said oh look at china's one belt one road we need our own one belt one road and it's kind of waking up late in the game but maybe t

but what might be be learning out about modern china? what role it is going to play in the years to come. i'm delighted to have two discusses oxford university professor of history and award-winning author, latest book is called china's good war how world war ii shaping a new nationalism pick professor, thank you for joining me. >> terry, great to be here today. gerry: what are the chinese, how are they treating this, we heard they respond even really to wasn't biden's suggestion or demand for an inquiry saying this was typical u.s. manipulation of the facts so how is the chinese been talking about the origins of the virus in in their own expiration for it? >> i think, gerry, there are two conversations going on in china at the same time. one is short-term and one is long-term. the short term one is one that looks around them and says look, at the moment because of the extremely, you know, hard-core tactics that have tried to push on the virus basically shutting down large sectors of the cities even one infection that comes up basically

action in country like afghanistan or iraq or libya so china china obviously sees a double standard with these comments and sees how human rights become very politicized and used just to mobilize public opinion against them and that's part of what rick was discussing this thrust towards confrontation and war when these are countries who express openness tell saying you know america shouldn't be a nation building but then you compare it to places like china like you said that are investing in infrastructure projects all around the world should america probably do some nation building after much of our military has gone in to destroy those nations. well i think you know joe biden kind of woke up late those the conversation in january between joe biden and boris johnson where they joe biden said oh look at china's one belt one road we need our own one belt one road and it's kind of waking up late in the game but maybe they'll move in this direction and you don't see that china's approach to the so-called developing world there's a lot there that it brings benefits i mean you know china you

there's been a spike in interest in all things, china, your office, all china, is that where the new log had been. india's media has erupted with the chinese sentiment briefing invasion today. the for, along with boosting journalism, academic study about the country. it's also given a new prominence to a nice group of china watches aiming to understand the country from the inside when you hear the word kind of what the 1st thing that comes and denounce the mainstream western consensus on china. china for the past couple of months. these particular voices have all been speaking about one topic. what's guys coming at you from cash? our ancient city in john a with a reason why western matter in terms like force, labor, concentration, council and genocide. when they're talking about exchange and china, everyone is finally run over the call to pharmacy. as soon as the 1st thing i noticed about the video from rob dollar is the there are a lot of propaganda messages and right up. this is great in visit a cotton farm and change out. they're using drones to sprinkle pesticide on the field, li

the china challenge is large. china moves fast. china has very clear vision of where it wants to go. we need to match the competition that we're getting from china by having a clear vision about what kind of economy we want to have, what kind of strengths we have that we are going to build on, what kind of strengths we have that we still need to build on, and how we are going to relate to china first if china can make changes, second, if china cannot make changes. on the question that you've asked regarding forced labor and the anticompetitive practices from china, whether it's subsidies or other types of practice that is really create a global market domination that drives out competition in economies like ours, what i would say is this, that the u.s./china trade and economic agreement, this phase one agreement that we have, is the agreement that we have right now and it does have certain mechanisms that we will need to test out. in terms of building on building out where we need to be with respect to china, i'm looking forward to

or china. yes competence so is there a game plan the kind of play possum they say will take your funny money and we're going to buy half of the s. and p. $500.00 until such time as we all the s. and p. $500.00 and then we won't take your funny money anymore what's going on that's. a genuine where is the church is the hour when i think they will come out with a parable to replace the dollar i think you asked as harrah's is very much a one party system and they made their watch try to say they want it you tried in the democrats fighting while the biggest funder of economic system you have that state was china and the oligarchs ishq point in this better than anybody else. twitter google search long america they want sharing 1000000000 new customers in china and they're in china's all in chains while you're right saying you know must china rock when we are quote everything and you know china. has probably won the war without a shot being fired is nobody. china nobody and i standing on your program

at a time where china -- trump was saying positive things about china. steve: let me follow-up on that because the president said there were specific questions for china, the chinese government, and president xi jinping saying the investigation is now closed. what tools, blood pressure can the west put on china to reopen its investigation, specifically to find out what answers they need with regard to the lab in wuhan, china? >> well, there are a number of tools that can be used. i think there are covert tools, right? one of them is to respect our sanctions, use diplomacy, pushing the chinese leadership to be more open, using those methods. but one of the really striking aspects of the statement that the president put out was he directed the intelligence community to analyze -- and this is a keyword -- and collect more information about what happened on the ground in china. and the intelligence sources i've been talking to have said the word collapse is eagerly -- is -- collect is particularly significant because the president is urging them to do more t

yeah, i mean you had conversations where ethnic con, chinese, that's the majority in china, in china, we're talking to weaker is the ethnic turkic, muslim minority in china. that is, is experiencing a lot of suppression, right? there are detention camps you and has estimated that a 1000000 readers and other ethnic minorities have been put in these camps in china . and it's several legislative governments have called this and labeled genocide. so currently you are having people in china discussing genocide in china and some citizen saying, wow, i didn't realize this was happening. and that kind of intensity as like, whoa, this is like more than the 3rd rail, right? like this is just a kind of conversation. we wouldn't have in china, so it really was a matter of time. i think it's really important to, to point out a course that 1400000000 people in china. very few people were able to actually access the club house app. you're talking about only i phone users in february and march. so let's put it all in context. but still, it was just an incredible moment where you had an engagement bet

and in that context, china believes that the united states is trying to check china's rise. and in that context is countering from their perspective, again, what they perceive to be our influence and our efforts in this area. i think, in their perception, they are increasingly perceiving it as a zero sum game and that promotes in a sense their efforts to really push us out in a way. and to be a threat across a range of factors and see us as a threat to them in that context. >> let me change the subject. to what extent, and you mentioned this in your opening testimony and your written statement, expand a bit on climate change as a national security concern. the one i'm particularly concerned about is incipient migration from areas of the world that become, essentially, uninhatable because of drought, famine, extreme heat. do you see this as a threat multiplier? a national security concern as well as, of course, an environmental concern? >> i do, absolutely. part of the challenge for us is recognizing that climate change has just enormous impact in every aspect of our lives an

not criticism of its own country nomad land is unlikely to ever be shown in china. you're watching news thank you so much for joining us take a. train kids. that you love for weeks and glitter glitter glitter the. prejudice i got called a boy. with. little stores on the big stage.

or china. yes competence so is there a game plan the kind of play possum to say well take your funny money and we're going to buy half of the s. and p. $500.00 until such time as we all the s. and p. $500.00 and then we will take your funny money more what's going on that's. the genuine isn't the dollar but i think there will be no parallel currency to replace the dollar i think what we us as errors is very much at one party system and they need equal they want tried was so they want it you tried them in the democrats. while the biggest blunder of economic system you have china and the oligarchs. point to this better than anybody else. twitter google censor america they want cheering 1000000000 new customers in china in here and china's all in chains while you're right same thing with. china iraq and then we are quote meeting in who know china will. probably one who are without a shot being fired because nobody. china nobody and i sitting on your program of years eating chinese the issue russia

china's role and joe biden's response, coming up. we'll talk with ohio congressman mike turner on what the intelligence says about the intent behind covid-19 and the impact of owe biden's agenda. then four-star general and former vice chief of staff of the u.s. army, general jack keane, on the strength and courage of the u.s. military defending america during dangerous days. why the chinese communist party has been ramping up its military. plus, madness at the border. unknowns running into the country, disappearing into the interior of the u.s. hundreds of thousands of got-aways at the halfway mark of 2021. and a peak surge expected in the months to come. memorial day weekend, the unofficial kickoff to her when 200,000 plus -- to summer when 200,000 plus apprehensions are expected at the border. chad wolf on the biden administration's plans to house and i accommodate thousands of new migrants coming in. then highlights from the air, water and land from our exclusive coverage of the southern border where more fentanyl has been seized

secondly, if we look at the, the workforce here in china, china's rapid growth that we've seen, rapid economic growth these past few decades has been largely attributed to its massive workforce. and that massive workforce is gradually shrinking. and experts have told us over the next 5 years, china is expected to lose about 35000000 workers from its labor force. now the 2nd reason, the 2nd part of this is the other piece of work data. and that is that not enough chinese babies are being born even after trying to impose its true child policy. in 2016, we saw a bump, maybe in birth, in birds, in china. but that really decline very quickly. and we've seen a decline in the birth rate for the past 4 years. let's take a closer look at how china's population has evolved through the decades by 9969. china had a population of more than 800000000. 10 years later it introduces one child policy to balance. population goes with economic development. that policy is thought to have prevented up to 400000000 bess. in 2016, it was replaced, allowing couples to have children. but relaxing family planni

china, russia, modi, so forth. he also invited bangladesh, the marshall islands, because we wanted to hear from people about this demand for mitigation and adaptation. we depend on you. the president has put forward a proposal to double the amount we're doing for adaptation, and to triple the amount we're doing for resilience on behalf of other countries. there is a green climate fund, it has about $10 million in it. it's part of the larger commit made in paris for the world to mobilize about $100 billion on an annual basis by 2020, in order to help those nations do what they need to do, to respond to this crisis. we're at $80 billion right now. i think it's going to be very difficult in glasgow if the developed world can't step up. let me put this in perspective. $100 billion to try to help 138 nations, that some of them don't even have electricity. to be able to respond to what is happening. measure that against the fact that 2 or 3 years ago, we all spent here in america $260 billion just to clean up after three

of china, we did a lot of work in china in the 1990s. it's this vast mixing bowl in hubei province, this vast mixing bowl of goats and pigs and ducks and chickens and high population density. that's why the influenza viruses often arise out of china as well. we've got to figure this out. >> is there any way to scientifically prove that this occurred naturally without going to china? it seems like it hasn't been replicated yet with bats. explain that. >> well, i think that's exactly what we need to do. we need to -- that's why i'm talking about full access. i think really a detailed analysis of bat populations, all of the possible reservoir animals and people, and without that, it's going to be really hard to sort this out. it could be that some of the chinese scientists are already doing this. i haven't seen a lot published coming out of china about that. this is -- we know how to do this. we're able to unravel it for other major pandemics. we could do this for covid-19. we have the tools. >> dr. peter hotez, appreciate you coming on and

let's get more from our senior editor for commodity and china -- in china. which sectors are suffering? >> if you are a buyer of commodities you will be suffering the most because you have to put an enormous amounts of cash down and you are it is a situation where you are buying into a rising market. if you were buying copper, coal, corn, those areas of the economy, factories, power plants, farms, those of the people suffering the most at the moment. shery: what is the picture right now for chinese factories? >> if you are a fabricator of metal, so you shape metal into rods and wire and that kind of thing, and you sell your products further into the supply chain you are in a situation where you cannot pass on those costs, so that is where a lot of china's factories are squeezed, because what we have seen is ppi as jump to but consumer price inflation has not jumped because household spending remains low but softer, so the costs are getting stuck with chinese factories at the moment. haidi: we are seeing all power companies within china losing power as a resu

china has seen its best quarter, the u.s. will see its best quarter, and there is a danger of everyone extrapolating last year's gdp numbers into the future and that i think to some extent is why the market is correcting. we won't get such stellar turnaround in profits again. yvonne: are you saying we should overlook what some are saying, that tech valuations are looking stretch? we should ignore the margin debt that is fueling rallies like the one in taiwan and continue to buy? sean: unfortunately, or fortunately, the best asset class ring a bear steepening is equities. irrespective, you are going to have these drawdowns and the best disciplined to have is one of valuation. when we do get these corrections , sectors like the banks and yesterday the energy sector were not necessarily looking overvalued. it is about putting a level on the 10 year treasury where you don't -- where you feel comfortable and we think that is about 2%, then being discriminatory about what you are looking to purchase, which i think is a maximum arou

china is ally poor. and the more aggressive they are acting in the region, the more this situation of strength is going to play to our advantage. let me give you another situation of strength, mr. president, for the united states, particularly as it relates to china. it's a huge position of strength. it's our energy sector, the all-above energy sector for america. i mean, renewables, oil, natural gas, this is an area that for decades we have tried to become energy independent. we have tried to return thought status we had during world war ii, which was the world's energy super power in terms of the production of energy. the good news on that, mr. president, is we have returned to that. prior to the pandemic, the united states had once again become the world's energy super power. a lot of people thought we could never achieve that again. but we have. largest producer of natural gas in the world, bigger than russia. largest producer of oil in the world, bigger than saudi arabia. largest producer of renewab

this is the china great wall, that, inside "the washington post." david is joining us from south carolina. republican line. good morning, david. >> good morning. this is kind of a classic flip-flop and i'll just give a couple quick examples and then make a prediction that might be far out there, but you remember -- you may remember it in a few years. first of all, when the trump administration's health officials allowed states to set their own policy on masks and localities, et cetera, it was called by the left, no national plan. now, of course, this is the national plan, to let states do what they want but it's considered wise. and when the former president said this virus may have come from the wuhan lab, he's called racist. he was definitely called a racist comment. and it was shut down out of spite by the current president, the investigation into that. and now he's, of course, trying to look like a hero, and the other example i had is one of the reasons for the success of the vaccine, development so quickly, is that the prior administration guar

cameras will be set up to monitor activity in the area china has responded with the following china have a clear and consistent position on the south china sea issue and we have a channel to discuss the issue. and the 2 sides have a lot of the south china sea if you only consider one percent on the high school should both be committed to solving the issue. consultation. sound on steady development i'm trying to philippines relations meanwhile as china and the philippines aren't exactly seeing eye to eye china and indonesia are tightening tides this past weekend jakarta hosted joint military drills with china the head of the people's liberation army navy southern command off. or treaty for me told pioli today the exercises would help improve coordination between the warships deep in professional communication enhanced mutual trust and cooperation and jointly demonstrate practical actions to safeguard regional peace and stability as tensions increase in the south china sea many believe that exercises like this will continue as china and the west shore up their military might while building

interests within china. the guys on the ground here actually got the support from the chinese bureaucracy and i can see this already now. compartmentalization of politics on one thing and very harsh reactions from beijing. at the same time, they want to have more european business and make the extra effort in order to attract high-tech. it is also a bit strange because at the same time we still have the red carpet here. maria: thank you so much for your time and those insights and joining us on bloomberg tv. that was joerg wuttke, the head of the european chamber of commerce in china. anna: very interesting conversation. maria tadeo, our brussels correspondent. thank you to maria for bringing us that. coming up, central banks are in focus. we will discuss the market outlook with our market live team editor. this is bloomberg. ♪ anna: welcome back to the market open. european equity markets are on the front. u.s. futures also point higher. ven, our strategist joins us. central banks are making decisions tod

because we certainly do trade with china and china is a member of the world trade organization they have been since 2001 the problem though even though they're technically assimilated into our system and they did allow multinationals to come into china and use their people as cheap labor the problem is that there were other requirements for assimilation into our economic system but china didn't do so like china didn't privatized all their most valuable industries and still maintains control over a lot of them and on top of that china is now lending money to other countries and setting up a parallel payment system which competes with the systems created within the world . trade organization system and so that's the problem that our government is grappling with what do they do about a country that agreed to assimilate into the w t o system but is instead competing with. our involved our allies and our partners and this japan and so on well i can tell you this much there's a new nickname that's being kicked around d.c. and it's the quad which is the united states india japan and austra

because we certainly do trade with china and china is a member of the world trade organization they have been since 2001 the problem though even though they're technically assimilated into our system and they did allow multinationals to come into china and use their people as cheap labor the problem is that there were other requirements for assimilation into our economic system that china didn't do so like china didn't privatized all their most valuable industries and still maintains control over a lot of them and on top of that china is now lending money to other countries and setting up a parallel payment system which competes with the systems created within the world . trade organization system and so that's the problem that our government is grappling with what do they do about a country that agreed to assimilate into the system but is instead competing with that knowledge our involved our allies and our partners and this japan and so on well i can tell you this much there's a new nickname that's being kicked around d.c. and it's the quad which is the united states india japan a

there's a lot of data out of china. we've had china reporting strong trade numbers. what are the big takeaways from that? >> really strong trade numbers. exports growing over 30% in dollar terms from your earlier. imports also very high. over 40% in fact. it reflects a couple of things. it reflects very strong global demand for merchandise goods that are being made in china. that's reflecting the global economic rebound that we see going on around us. exports to the u.s. from china last month made up around 60% of all chinese goods sold abroad. continuing to shake off the trade war there. on the import side, it points to robust chinese demands. a lot of it is being impacted by commodity prices. these are bumper trade figures for china. it does signal more of a global story than a china story. with so much central bank and government stimulus through the world economy, people are buying goods as companies reopen. that is giving china a big lift. anna: thanks very much for joining us. some of the politics and economics dominating the u.s. china conversation right now.

action in country like afghanistan or iraq or libya so china china obviously sees a double standard with these comments and sees how human rights become very politicized and used just to mobilize public opinion against them and that's part of what rick was discussing this thrust towards confrontation and war when these are countries who express openness towards cooperation and towards working together to solve global problems which is what we should be doing what jeremy further to that i mean you hear people on capitol hill saying you know america shouldn't be a nation building some nation building after much of our military have gone in to destroy those nation. well i think you know joe biden kind of woke up late there was a little conversation in january between joe biden and morris johnson where they joe biden said oh look at china's one belt one road we need their own one belt one road and it's kind of waking up late in the game but maybe they'll move in this direction and you don't see that china's approach to the so-called developing world there's a lot there that it brings benefit