in a way that gave china deaf in china could keep everything under control and have it go their way. claire read negotiated for the us on trade with china, from 2006 to 2014. she says china, long term goal is to dominate future proof industries like artificial intelligence, semi conductor chip, and pharmaceutical. for china to acquire the kind of international influence, the u. s. has had for decades, it will need to deepen its relationships, although not a formula line. the bricks that brazil russia, india, china, and south africa has attracted some attention. in china, the state from media has praised the bricks alliance for boosting, what it called non western styles of multilateralism. but alliances don't guarantee harmony. the relationship between china and india, both bricks members is a good case in point home to 1400000000 people. india is the worlds fastest growing big economy. but its relationship with china is currently overshadowed by a fraction border dispute. tens of thousands of soldiers from both sides are stationed on the more than 3000 kilometer long border. hardly

i think what happened with the rise of changing ping is china's own playbook changed the, the china of changing ping as radically different from the china of who jan tower, jones of men, and even dung shall ping. then take my word for it. read the 20th party congress report. it talks about the shin. should i add a new era? and the law, should i the older i was there 2535 years of guy go ok. fun reform. an opening. so this is a brand new china domestically and a more assertive china internationally has a surprise to you. was there a moment where you realised that things were not going in the direction now a lot of people anticipated. i think there are 2 things which stand out for may 1 on pure politics. now if you look carefully at she jan ping's leaked speech on ideology and propaganda in july of 2013. this is anne and i looted no holds barred. ah, knock them down, knock them down, drag them out, fight with every thing that the west and united states in the democratic world holds to be near and dear in terms of freedom and the international order based on that. and when it was leaked b

and china is going to be blah. but the rest of the well, you've also said it all now depends on she to in pin, getting it right. what does he need to get right? well, he needs to get everything right. because he said that the parking it leads api thing api. where in china and beyond china, where anna is concerned. so he has to get the con economy, right. he has to get his foreign policy, right. he has to get a social policy, right. if he doesn't do so, make mistakes can be very, can be made. and they will have consequences for the people of china and also for the rest of the world. could you outlined some of what those potential consequences might be? well, the cielo corbett, policy work sample is causing significant slow down in a chinese economy. the policy on the real estate market is again, causing economic or financial instability in china. if he insist on using force against taiwan, we may be facing the situation when the united states and china will be actively in engaging in military hostilities with each o

and china can now prevail and influence largely the direction of u.s.-china policy. fundamentally, it is a kind of inter-capitalist competition in the chinese market -- that leads to this deterioration of u.s.-china relation. amy: i want to go to taiwan. xi jinping lauded his government's response to the covid-19 pandemic, address the economy, foreign policy and praised nations crackdown on hong kong claiming hong kong shifted from chaos to government . also addressed the issue of taiwan which has become this flashpoint between china and the u.s. >> the resolution of the time when issue is a matter for the chinese ourselves to decide. we insist on striving for the prospect of peaceful reunification the greatest sincerity and the greatest effort. however, we're not committed to the use of force. amy: your response? >> i thinkes, it is obvious there's more -- i know people and taiwan are nervous. at the same time, i see people in taiwan are very protective of the human rights they have. they organize themselves together and want to maintain that freedom. they are alert

from china. i put it to you that the writer at the global china harbour this is we are already at war, this is we are already at war, this is we are already at war, this is a constant thing, izzy wright, as taiwan constantly engaged in a cyber war with china? �* , engaged in a cyber war with china? �*, _, ., , china? it's quite continuous, for example _ china? it's quite continuous, for example when _ china? it's quite continuous, for example when the - china? it's quite continuous, for example when the us - china? it's quite continuous, - for example when the us speaker nancy pelosi visited, we have seen one single time the peak 23 times higher than the pre— distributed denial of service attack, trying to shut down the websites of the ministry of national defence or the president's office, they didn't succeed in revealing any sensitive and the nation or exposing the confidential documents and at the height of the attack is quite visible to everybody, so because of that there is a renewed i

she set about pursuing what he hailed as the china dream. to turn china into the world's dominant power under see john has become more assertive on the international stage fuel by a growing patriotism at home. much of it based around changing things, image as china's strong man. but she has also ever seen increased limitations on freedoms. expanding online censorship in cracking down on opposition, voices and leaked humans link she directly to human rights abuses against the muslim minority wiggers. in 2018, the to term limit on the presidency was removed and paving the way for a 3rd term in office and allow and see to effectively reminding power for life. i city mean power for a life a why does he want to hold on to this power and do you think he has china's best interest in mind? you know, i think and i think he, i think he thinks he does. he definitely has a version of what he thinks is best for, for china in his mind. and power is, is something that is obviously appealing and, and there's definitely that element he does enjoy his powerfu

sea have angered china's neighbor, his r. i do relations with the united states or at their lowest ebb for years, while tensions between the you and china could escalate if she strengthens his commitment to a confrontational foreign policy. while the rest of the world is easing cove, at 19 restrictions, chinese authorities of intensified their efforts to contain outbreaks, with strict loc downs, mass testing and lengthy quarantines. the 0 cove approach is one of she's landmark policies. it's also turning into the most potent test of his leadership so far. at least one person was arrested in beijing for hanging, a protest banner in the city. such protests are highly unusual. he can on the growth under she is suffering and fears of a global recession, triggered by the war and ukraine, have hit confidence any hint of china's future direction will be followed closely around the world. a burning question hanging over the congress is succession. who comes after she that report by demi is clifford cooney who joins me now in the stud

maintenance in a board and i'm in china claim sovereignty to over 80 percent of the south china sea. and under the leadership of she's in pain. it has dramatically expanded its presence here. hundreds of chinese navient coast guard vessels, petrol, the waters, swarming reefs, and harassing and attacking filipino votes. 6 years ago the philippines brought a case against china before an international court. a tribunal ruled that beijing had been unlawful in its occupation of filipino fishing grounds. but china has ignored the ruling. china's land grab has robbed christopher de vera of a large part of his income. but with, as he and all, as i get the lesson not being allowed to fish, there is hurting me. imagine they are, the early ones allowed to fish inside the shoulders and even though the scarborough shoal is hours a month, i long tharp in young scull water. the formula is that young on top of that chinese clam harvest, does have destroyed the coral on the reef and decimated fish stocks to vera says, you know, but despite that, some members of his crew have gone fishing now under th

inside china. and a lot of people, they can't get the cutting-edge technology, which we don't teach in college at all. so the human resource problem and the manpower problem is more and more -- getting more and more serious here in china. >> because everyone's going to the silicon valley? >> they offer better. obviously. oh, here are the -- >> these are the famous ribs? >> yes. >> maybe the number one thing that the seriously food-crazed traveler coming back from shanghai will tell you to eat other than the soup dumplings, of course? zeran paigu. or simply, cumin ribs. ♪ it takes two cooks working at once to make this dish. one deep fries the ribs in hot oil until just right. another toasts the ginger, cumin, and other spices in a wok. and then in go the ribs. and if you are a devotee of what's called wok-hei, you sit as close to the kitchen as possible to capture that elusive, fast-dissipating breath flavor of the wok itself. toss them around, coating those bones with all that good stuff, then s

china relations? >> xi jiping has made it very clear that he wants to rule forever and that his rule should be over everything. i think we should take that seriously. a nation with incredible wealth. as i said, a remarkable people. we should do everything we can to make sure that we demand the chinese communist party behave. i don't think xi jiping has any intention on doing that so we can look for this confrontation to increase. not because america wanted to increase, not because we are asking any of the nation to choose, but the rule of law matters. enforce contracts matter. sufficiently transparent. these things matter to every family all across the united states of america. we have a responsibility to get things right. >> one more question. >> thank you. i'm luke, senior fellow at the hudson institute. seven out of eight in nato and with new geopolitical route -- reality with russia which means arctic council corporation and any practical means will have stopped and not be operating in the foresee

are now china's territory to but by doing that china expanded its claim of the south china sea to 90percent . so basically it's supporting that shared international body of waterand now is in china's own backyard . now any fisherman from other country is going to access it or oil exploration trips that china will send its coast guard . sometimes china's neighbors to drive them out in the name of protect china's territory. so it's this if i build it, it's mine strategy. hathat's what we call gray zone tactics. and china it's important we understand that because now, based on its success in the south china sea now china is using the exact same strategy on the land to deal with defending land border disputes with other countries . so foreign policy last month published a stunning discovery. basically china was building three villages inside the border of bhutan, a small country that shares borders with china. inside its border and even though it's historically and for the longest time even in the 80s china's own mac claimed this land belonged to bhutan but china build three villages there so o

so what does this leave china? what, what a, china is options. china has options. i would say i wouldn't say that they are necessarily very effective. so let me start by very simple. they can ban apple or microsoft or, you know, like be harm to the tech industry as users the other than they can do is to play with critical components to, to supply chain, whether semiconductors, electric vehicles, green energy, yes. so, so you know, they control the processing of key or help they can play with that is not a big minor thing. and finally, they can just and this is key, create their own, their own ecosystem, maybe not as advanced. but the point if they could produce that uses less advanced to me, come back those bigger semiconductors for purposes that might not be necessarily the same level, but that allow them to continue to upgrade rather than just give up on, on that. and that brings us to, to ecosystems bifurcation. okay, really good to talk to lithia garcia. however, from hong kong she missed for asia pacific at and t bank. thank you. gee declared in 2014, the deve

so china's, china's always been, you know, one of the major, your energy consumers and one of the major energy producers, officials and monday, mondays press briefing, said that china has stood up to the tests and effectively cushion the negative impacts against the backdrop of a number of negative factors that happened earlier this year. so we talk about the countries plan going forward. the official did give a glimpse of where trying to head it going forward. as you know, china will get full play to coal as what he caused the ballad stone in be energy makes and further explore audio and gas. and he also said that the goal here is to raise the annual overall energy and energy production capacity to over 4600000000 tons of standard call 2025. and it will end up in the long run trying to plans to build the clean energy supply system that increased when that solar had hydro power and nuclear power. so as the country will work to ensure that the share of non fossil fuel energy and total energy consumption rises to 20 percent by the year of 202525 percent year of 2013. and finally died. the

resident to repatriate back to china. mr. garland: good afternoon, i am joined today by fbi director ray. attorney general's from the eastern district of new york. over he justice department has taken several actions to disrupt cri mr. garland: good afternoon, i am joined today by fbi director ray and attorney generals from the eastern district of new york. over the past week, the justice department has taken several actions to disrupt criminal activity by individuals working on behalf of china. as always, the defendants are presumed innocent until proven guilty. earlier today, in the eastern district of new york, a complaint was unsealed charging two chinese intelligence officers of attempting to obstruct the communications of a u.s. based telecommunications company. the complaint says they were encouraged to steal confidential information. the defendants believed they had recruited the u.s. employee as an asset, but in fact the individual was a double agent working on behalf of the fbi. as the complaint alleges, the defenda

and china china about xi jinping but the fact is the u.s. decided to contain china before xi jinping claimed the abolishment of the -- etc.. so it is a structural problem. on the individual. -- the individual plays an important role that is a good question, that i cannot emphasize the structure -- what i mean by structure problem is that this is a structure where the u.s. had never faced a difficult challenge with the country so compatible economically, militarily, technologically, >> mr. li: but -- [indiscernible] technology is not talent but china is different. this is what the chinese called the number one country in the number two country. -- [indiscernible] i did not buy that but i see the tension. number one, number two, it is what you said. both have their problems because these things happened at the time the united states as you said, we have a problem with our politics, economy more than ever -- politics economic -- social, and cultural war going on. mr. friedman: and we are still an enemy is what you're saying yeah. mr. li: we are

china can catch up. i think it is certainly, people talk about will catch up and it did not happen. it he did not deliver. the question is how long will it take. according to bill gates, china will catch up quickly because technology in china developed in this area. >> just to wrap up and we will open to the audience. i am uncomfortable with where u.s. china relations are going. for the main reason is that i don't know where this is going. i asked myself some days what exactly are we fighting about? are we afraid china is going to occupy chinatown? what is this thing about? all i know is that we are going forward. i think in the years 1979 to 2019 as an epic and i call it the epic between the u.s. -- between you woke up one day and you want to supply chain. you want your kids -- if you're chinese run, you wanted listed on the -- if you look at the world during those years, it was a period a lot of people were in poverty. there was a lot of globalization. at the center of that whole process was not u.s. c

china is not an exception. china has embarked on very different ways, the dynamic zero covid practice, which has saved as many people as possible. in all policy -- in all honesty, the johnny's record is the best in the world. china has demonstrated -- really saving as many as possible. in this way the zero covid policy will remain. however, it does not mean it will be further modified. i am pretty sure after the 20th party congress, the quarantines will probably be reduced. rishaad: but fundamentally, we have had countless numbers of guests point two the damage being done to the economy and perhaps even china's place in the world. how much pain is this policy likely to cause, and how much is the cost that the authorities will endure with it? victor: two points. one is china's official position is if you look at the overall total cost from the beginning of the pandemic up until today, china's overall cost is very low. mainly because china has a system which will spring into action whenever infections are detecte

, which even if people disagree with his handling of china, he redirected the debate on china messily was not the american people work in his handling of the pandemic and talk about that. >> sure, and remember taking "taking back trump's america" falling to the memoir from a different smoke in trump time, is a detailed analysis of the pandemic on the politics of that and in fact again, trump time, this arson he swing the communist honeys coming to sign the so-called skinny deal in january of 2020. and i'm sitting in the audience in a cold sweat, fully aware that there possibly bad things going on in wuhan for the virus and i was probably the only person in the room, without concern but i had written you 6 mentioned earlier, in the chia wars book a book i actually predicted the communist china would cause a global pandemic into the millions my antenna, they were up and from that, january 2020, there's the famous meeting and it is famous on historical for me in the situation room on january 20th, 2020. the president had to me there to bring the task force over to supporting his band on

if you invest in china. they need some time to see how all this will unfold especially with what is coming next. when dealing with covid, always the consumption recovery. even though the gdp is better than expected, investors still concerned about retail and the unemployment rate. when the recent earnings with consumer names and be softer outlook, it is early to say when investor sentiment might turnaround a bit. rishaad: charlotte yang, thank you very much, and thanks to stephen engle, our chief north asian correspondent. let's get to our guest, joe. what are you making of not just today's price action but the weekend's political pronouncements from beijing? do they change the landscape in your view? >> thank you for having me. what's kind of remarkable about the party congress and the work report is the extent to which there is continuity, not only in the sense that we have at least one more term of xi jinping, but also continuity in what was contained in the report. there were not any new policy framework

who would better tell china's stories, make china's voice heard, and present a china that is credible, appealing, and r espectable? and we will better show the world china's culture. [applause] nine, improving the people's well-being. and raising quality of life. this country is its people. the people are the country. like the commonest party of china, it has led the people to establish and develop the people's republic. [applause] it has been fighting for people support. bringing benefits to the people is the fundamental principle of governance. working for the people's well-being is an essential part of the parties commitment to serving the public good and exercising governance for the people. we must improve people's well-being's in the course of settlement and encourage people to work hard to meet people's aspirations for a better life. we must strive to realign, safeguard, and advance these governmental interests of all our people. to this end, we must do everything within our capacity to resolve the the most practical problems that are the direct concerns to the people. we will

how do you expect china to respond? >> china has been well aware. it has been redoubling efforts to be self-sufficient in chip manufacturing. from this point on, we can expect on financing, they already got huge financial support from the city and provincial government, supporting a large fund trying to develop the sector. the second one is talent. in the past decade, china has been hiring aggressively from taiwan to replenish its talents in terms of entrepreneurs and engineers to develop the domestic sector. at this point, there has been a bottleneck. in the past three years, the labor inflow into china has been significantly slowed and the economics have been much dimmer than before. there has been some shaken confidence about where china can go from this point. if they can keep up, there is a chance china can develop quite fast to produce chips. anchor: do you that perspective? the intention is to try and set chinese chipmakers back. they do that? >> i think the measures, you can see the rationale behind the u.s. administration. you look at this

and out of the south china seas. i would be glad to answer questions about hong kong and taiwan but i want to direct your attention to the south china sea because we don't pay enough attention to what's going on although it is important. to reflect a new tactic that's the thing dealing with the communist party. they have new tactics so what's happening at the south china sea is a trial run of the tactic. it means that it's without using military. basically it enables the country to expand its territories without having to fight a traditional war that's what they call the gray zone tactic when it expanded in the south china sea. so it is a very strategic body of water in southeast asia. it's a major trade route so 90% of the trade going into china goes through that and china and several countries including malaysia, philippines and vietnam share claims of this body of water. sometimes the claimant overlaps. so there are historical disputes over what area is yours versus mine. this is also the area with huge mineral an

we must uphold and improve china's socialist system. we must consolidate and develop a public-sector and encourage support and development of the nonprofit sector. we will work to see the marketplace and resource allocation and the government better plays its role. we will modernize the industrial system in pursuing economic growth, we must continue to focus on the real economy. we will fund a new industrialization, and boost china's strength in manufacturing product quality, outerspace, cyberspace and digital. we will advance rural advises -- revitalization across-the-board, putting other development first and consolidate, expand our achievement in quality. we will build up china strength in culture and promote the revitalization of culture and systems and organization in countryside. we must bring forward the foundation for security on all fronts and ensure china's farmland. with these efforts, we assure that china supply remains firmly in its own home. we will promote coordinated regional development. we will thoroughly implement coo

/chinas relationship. secondly i thought among the many important discussions inct your book, your sections on the views of beijing was used from washington did an excellent job of conveying these two sets of views youou articulated. some of this the beginning of the conversation. could you highlight some the gaps and perception you see between washington and beijing and how they specifically add to the risk of bilateral conflict? >> and the reason i spent so long on this is prince as a practitioner. if you sit down which i have done before to some extent as a kid diplomat sitting in a room back in the period of my career, any objective analysis of an exchange is well be on the talking points of the meeting. that is simply the tip of the iceberg most of which lies beneath the surface. what lies beneath the surface is an accumulated set not so much natural interest in values but deep deceptions of the other side. it's quite critical bm pack that to each other so we understand what's driving the broader poli

i think the world is changing tone~ _ china. i think the world is changing tone~ china — china. i think the world is changing tone. china should be afraid of the world, _ tone. china should be afraid of the world, not— tone. china should be afraid of the world, not the other way around. the us led _ world, not the other way around. the us led western democracies, i blame them for— us led western democracies, i blame them for the past decades of appeasement. they contributed to this point. — appeasement. they contributed to this point, that taiwan could be a flashpoint. — this point, that taiwan could be a flashpoint, but they have passed the point of— flashpoint, but they have passed the point of change and the us is sending — point of change and the us is sending the right messages to china, that china _ sending the right messages to china, that china should be afraid of the world, _ that china should be afraid of the world, not— that china should be afraid of the world, not the other way around. it world, not the other way around. [it leaves world, not the other

the 19 ac, china's g d. p accounted for less than 3 percent of total global i put with us accounting for more than a 3rd. since then it's played an extraordinary game of catch up. the us share of global g d p have fall into less than 25 percent with china and our accounting for over 18 percent trying to would like to be in the position that it has been historically way back in the day where it was center and others interacted with china in a way that gave china deaf and china could keep everything under control and have it go their way. claire read negotiated for the us on trade with china, from 2006 to 2014. she says, china, a long term goal is to dominate future proof industries like artificial intelligence, semi conductor chip and pharmaceutical for china to acquire the kind of international influence, the u. s. has had for decades, it will need to deepen its relationships, although not a formula line, the bricks that brazil russia, india, china, and south africa has attracted some attention. in china, th

and for china overall with d, w, a, china analyst, clifford coolant here in the studio. and with your book and he's the head of the you chamber and commer of commerce emerging. welcome to both of you, your. let me start with you. did you find any positive news for western companies in using things speech yesterday was all about audiology, a line in the country behind him. it's this week as a victory lab for him, so there was nothing that's going to disturb the masses. so there was not much on specifics there when it comes to business. i think there are more ways for us to use a particular. the topic about self reliance, china feeling the heat from usaa and trying to basically become less dependent globalization and hence that's good news for us. and clifford over to you china state and part of either says, we're going to stick with the 0 covert strategy. jumping has hailed this as a success. why does he want to stick to that if it's so detrimental to the country's economy? well, at this stage it's, it's a policy that he will be judged on because he started early and he d

alternatives to china. we see that investment of u companies and china has been declining. is china going to become in for this is just another foreign market. no, it's certainly the size wise. it's too important. in particular for car chemicals, machinery, those companies that fields have to invest more and more is just too big and too important. but you're right. many ways that companies are looking at alternatives when want moving out of china. we're looking into india, southeast asia, even back into the european union in order to see where we can do stuff. and of course, the longer china rates for the 0 tolerance policy, the more the movement is for new investment going to other places something which of course there will be irreversible. so china, in front of me is opening the doors in other countries for european investment, or mr. she also said that he's not ruling out force when it comes to what he says, uniting taiwan with china. how prepared are western companies in china should have come to that

and i think this is the reality in china. now, china does have says issue. there is a short list of things that people are not around to talk about. for example, hawaii independence, hong kong, independent to better the, the banners we go independent. for example. these are couple issues and china and the challenged people. so all the government inc stamping out these very controversial issues for example, and we all united together to fight against the separatist double bonds in taiwan. or originally, a couple of years ago you, hong, hong, this is not to dissent. this is really people getting together for, for the same direction of maintaining sovereignty and territorial integrity. if anyone believes that china does not have freedom of expression on the internet or your mobile phone, then come to china and see what exactly is happening on the ground. now i would say the chinese consumers spend more time on internet and on their mobile phone, probably them people in many other countries. part of the reason is because the broadband system is very good. 5, g i

and china. washington has impose sweeping controls on exports of semiconductors, also known as microchips to beijing. american companies will be restricted from selling advanced chips to china and supplying chinese firms with tools to make their own. department of commerce says it is to prevent sensitive technologies from falling into the hands of china's military intelligence and security services. the u. s. has been trying to boost its own semiconductor industry. in august, president joe biden approved $52000000000.00 in federal subsidies for new manufacturing plants and research. china is trying to move ahead of us manufacturing. it's no wonder, literally the chinese communist party actively lobbied against the chips and science active. i've been pushing in the united states congress. the communist party of china was lobbying in the united states congress against passages legislation and the force of some work france and the other team bought it. the united states has to lead the world of pro

and china. washington has imposed sweeping controls on exports of semiconductors, also known as microchips to beijing. american companies will be restricted from selling advanced chips to china and supplying chinese firms with tools to make their own. department of commerce says it is to prevent sensitive technologies from falling into the hands of china's military intelligence and security services. the u. s. has been trying to boost its own semiconductor industry. in august, president joe biden approved $52000000000.00 in federal subsidies for new manufacturing plants and research. china is trying to move ahead of us and manufacturing them. it's no wonder, literally the chinese communist party actively lobbied against the chips and science fact that i've been pushing in the united states congress. the communist party of china was lobbying in the united states congress against passages legislation and enforcing some work friends and the other team bought it. united states has to lead the world

-china relationship. secondly, i thought among the many important discussions in your book your sections on the view from beijing of the united states and the views from washington did an excellent job of conveying these views and you're takenn, did some of thist the beginning of our conversation but could you highlight some of the gaps in perception you see between washington and beijing and how they specifically add to the risk of bilateral conflict? >> guest: yeah. the reason i spent a lot on strategic perceptions as part of the product of my own experience as a practitioner. if you sit down opposite xi jinping, which i done before and to some extent others, as asd diplomat said in a room with deng xiaoping back and meso have area in my career, any objective analysis of an exchange is that talking point of the meeting. that is simply the tip of the iceberg most of which lies beneathh the surface. what lies beneath the service is an accumulated set not just of national interest and national values but d

south china sea. i will be glad to answer questions aboutti hong kong and taiwan there's a lot of content in the book also i attentionrect your to the south china sea not only to reflect the new tactic but that's dealing with the communist party it's a new tactic with each aggression but we are playing a catch-up game so what's happening on the south china sea? is the initial trial run so it means without using the military so if you enable a country to expand its territory without having to fight the traditionalio war. so this work when china expands to the south china sea and with a body of water in southeast asia so 90 percent of the trade goes in china and the several countries including malaysia and vietnam share claims on this body of water so there is a historical dispute of what area is yours versus mine? it's also the area with oil and gas deposits but is a huge deposit of natural resources. you cannd understand why all the country share the body of water with the economic interest to maintai

in china. and other things we have to be very careful about, the management team mentioned company revenue will be much worse in the first half of next year. that is something we have to be very careful about in the most likely scenario is that the companies this year, there revenue growth will be 40% end next year, less than 10%. that is what we are worried about. and last but not least, the company has also indicated some of its capacity would be underutilized. that is not a good sign because tsmc is the leader in the industry. if there capacity is underutilized, i think other of their peers, they will face the same problem. that is something we also have to watch for. haidi: bloomberg intelligence analyst charles shum. let's get to vonnie quinn with first word headlines. vonnie: a deal is in the were -- in the works between twitter and elon musk to take the company private. twitter attorneys say the tesla founder is under investigation by federal authorities. the u.s. sec sent a letter earli

you know, china isn't there, china is not trying to create a new center of a ball type. whole world is simply reacting to the kind of constant pressure that's coming from the united states as it seeks to maintain and see gentlemen in terms of this new standards. yes, they all. busy are people who work with them, if, if china was a corporation, people would saying yes, she's taking control, he's shaking the range. he's putting his team in. now remember, whatever happens from here on out is going to be unchanging pain. you know, they always say the winner wants the ball right now. she has the ball and he's under tremendous amount of pressure that he's created for himself to deliver. so this idea that, you know, he's just going to sit back and have a golden palace. he doesn't live that way and he's not interested. wants to move try and i had, i think everyone here, but i agree on that. you just might not agree on the way that he does it. but results will speak for themselves. ok. i, stephan austin, says she's paying has the ball and the way he's created the situation is he's reacting to p

looking at china as a foreign policy actor one of the challenges in dealing with china internationally that you you really address head-on is what you call a leninist predisposition to maintain secrecy at all costs and this propensity you suggest reinforces a view that china is untrustworthy and the idea is if it's not truthful with its own people. it can't be trusted and i would add that. and we see china's comfort with straddling what looked to the west is some very divergent even contradictory international positions contributes to a view that china prefers ambiguity or dissembling a lot of people policy makers might even label this opportunism on the part of china in your book you you make mention the case of scarborough shoal where after chinese vessels crowded around a philippine control to disputed shoal that created a dangerous standoff and and the with the us allies the philippines navy over the show in the united states negotiated a withdrawal the philippines navy dutifully with drew in china remained others might point to hong kong and in an assessment that china failed to u

so what does this leave china? what a china, china is. options target has options. i would say i wouldn't say that they are necessarily very effective. so let me start by very simple. they can ban apple or microsoft or, you know, like be harm to the tech industry as users the other than they can do is to play with critical components to, to supply chain where the semiconductors, electric vehicles, green energy. yes. so, so you know, they control the processing of key rare help they can play with that is not a big minor thing. and finally they can just, and this is key, create their own, their own ecosystem, maybe not as advanced. but the point if they could produce that uses less advanced chemical back those bigger semiconductors for purposes that might not be necessarily the same level, but that allow them to continue to upgrade rather than just give up on, on that. and that brings us to, to ecosystems. bifurcation. okay, really good to talk to lithia garcia herrera from hong kong. she's called midst for asia pacific at the texas bank. thank you. g declared in 2014

and i think this is the reality in china. now, china does have says issue. there is a short list of things that people are not around to talk about. for example, hawaii independence, hong kong, independent to bethany, the vendors, we go independent, for example. these are couple issues and china and the challenge people. so all the government inc stamping out these very controversial issues for example, and we all united together to fight against the separatist double bonds in taiwan or originally, a couple of years ago. you, hong kong, this is not to dissent. this is really people getting together or for the same direction of maintaining sovereignty and territorial integrity. if anyone believes that china does not have freedom of expression on the internet or your mobile phone, then come to china and see what exactly is happening on the ground. now i'll say the chinese consumers spend more time on internet and on their mobile phone. probably them people in many other countries. part of the reason is because the broadband system is very good. 5, g is very po

i'm china. when china sits, when, when it often means china wants to ring twice, high geopolitical conflicts and crises are re forging alliances. staging at under she didn't pick, had seen kootenai as allied in the common presentment of the united states. and has some countries are finding themselves in a tricky balancing act between friends and foes? this is a big, big issue. what india, it's a, it's a survival issue. that though, coming up on business beyond for the best part of a century, the united states have been the world's undisputed economic superpower. after world war 2 inexperienced, enormous growth driven by ramp and consumerism and a growing faith in free enterprise. the fall of communism in 1989 further solidified faith in a western that system. economic barriers style of countries rushed to fill demand in an ever more connected global marketplace. the effect on world trade with dramatic in 1950 is sort of $63000000000.00. within 10 years that figure had more than doubled by 1998 a

we want to engage with china. and so this discussion showed a very clear will to avoid being naive, but neither did we want to embark her in systematic confrontational have we have our own model to develop into repealed to model and form our relations with china warner. we have to ensure that we can respond to the way that our program is organized and has it been some time. now. those great consensus and convergence amongst the european leaders on the importance importance of truly developing a strategic autonomy. the capacity to be less dependent in strategic terms, to increase my independence in strategic terms. but also as part of that to reinforce and diversify ad partnerships with the rest of the world. more, we had a summit in february in brussels, with african countries and partners, which was an opportunity to build the foundations for a new relationship and had a new mutual relationship partner to partner across africa. are we wanting to ensure that we, the leaders can deliver on our promises? we don't wa

and i think this is the reality in china. now, china does have says issue. there is a short list of things that people are not around to talk about. for example, hawaii independence, hong kong, independent to better the, the banners we go independent. for example. these are couple issues and china and the challenged people. so all the government inc stamping out these very controversial issues for example, and we all united together to fight against the separatist double bonds in taiwan or originally, a couple of years ago. you, hong kong, this is not to dissent. this is really people getting together for, for the same direction of maintaining sovereignty and territorial integrity. if anyone believes that china does not have freedom of expression on the internet or your mobile phone, then come to china and see what exactly is happening on the ground. now i would say the chinese consumers spend more time on internet and on their mobile phone, probably them people in many other countries. part of the reason is because the broadband system is very good. 5, g is

president xi of china reiterated at the recent chinese communist party congress that china wants to strive for the prospect of peaceful unification with taiwan but that he would never promise to give up the option to use force. just sum up for briefly the mood for us, the reaction to that possibly new threat? that's a familiar message, we have been hearing that for quite some time. of course, we have to prepare ourselves to face the authoritarian expansionism but that has been the case for as long as i can remember. so people have not been at all worried by this renewed threat? not especially worried, of course, we've been seeing renewed interest in, for example, countering disinformation, service security attacks and so on, but i think the overall mood is quite calm. ok, because china has claimed taiwan as part of its territory since 1919 but now, according to intelligence from the united states, president xi wants to accelerate the programme and unify taiwan by 2027. so you've got this time frame. we've seen increased military activity, spy planes, bombers, missiles being fired over the

south china sea. and under the leadership of she's in ping, it has dramatically expanded its presence here. hundreds of chinese, navy and coast guard vessels, petrol, the waters, swarming reefs, and harassing and attacking filipino votes. 6 years ago the philippines brought a case against china before an international court. a tribunal ruled that beijing had been unlawful in its occupation of filipino fishing grounds. but china has ignored the ruling. china's land grab, has robbed christopher de vera of a large part of his income as he and all as i get the la garza not being allowed to fish, there is hurting me. imagine they are, the early ones allowed to fish inside the shoulders and even though the scarborough shoal is ours, a someone balance tharp in angus got award was held on me that young on top of that chinese clam harvest, does have destroyed the coral on the reef. and decimated, fish stocks to vera says, you know, one. but despite that, some members of his crew have gone fishing now under the

the investigation continued in china so they were in china for two weeks. all they did was read the report. they didn't even get into the database or walk around the lab. the longer time-lapse between when this has happened versus her research and investigation. the longer it goes on the heart is his to find out what happened -- the harder it is for us to find out what happened. i do think this is a wake-up call and if have to follow it. if we go back to business as usual then we deserve it. our government, it's going to happen all over again. so this is a wake-up call for all of us and keeping pressure under politicians could to continue to investigate and hold china accountable for what happened with the coronavirus because very few people can claim to walk out of this unscarred. there's a public pressure to keep this in the news and to keep the vaccinations going. we need to keep that w going. you mean politicians are country? what they want most is for this to gour away. when you investigate with the public have to keep the pressure andn demand. as the

in china? come together. you know, almost like a tree in agreement on the sensitive, technological light and in the room for that seems very, very limited. in fact, on the global trading front is very little consensus amongst members of the w t. o to come to any kind of agreement on the global rules of the road. you know, they've tried for many times and all over the past few decades and have not succeeded. so it's very difficult to see any one defining the transpose of technology as constituting normal in our exchange of trade goods and services between country and the you are clearly using that sovereign exception in this case. so no trenches are absolutely going to riots. are they going to rise not only in this matter of field of semiconductors, but it is going to have ripple effects elsewhere and no one should really close the watch the block vincent i was a bit you know, in any case called, aggravated after the nancy pelosi visit a few months ago. yeah, let's talk a little bit more about taiwan. we menti

you know, china isn't there, china is not trying to create a new center of a ball type. whole world is simply reacting to kind of constant pressure that's coming from the united states as it seeks to maintain and see gentlemen, in terms of this new standards. yes, they all. busy are people who work with them, if, if china was a corporation, people would saying yes, she's taking control, he's shaking the range. he's putting his team in. now remember, whatever happens from here on out is going to be unchanging. ping, you know, they always say the winner wants the ball right now. she has the ball and he's under tremendous amount of pressure that he's created for himself to deliver. so this idea that, you know, he's just going to sit back and have a golden palace. he doesn't live that way and he's not interested and he wants to move try and i had, i think everyone here, but i agree on that. you just might not agree on the way that he does it. but results will speak for themselves. ok. i stephan, austin. says she's paying has the ball and the way he's created the situation is he's reacting

why is china exempt from --? why aren't they subjected to the same rules and regulations our companies are? i think they are going to build the shanghai stock exchange. we are seeing the digital you on -- yuan on the rise. i think the global permanency of the u.s. dollar is always going to be the superior for now, but we have to keep an eye on this digital yuan because if it is in 140 companies -- countries, it becomes more competitive and gives them the ability to avoid sanctions because it is not part of the global dollar currency. >> it is an important issue. we have a geo economic center that has been doing a lot of work on the digital yuan and has a digital currency tracker. we have a number of questions coming in from the audience. the next one, you spoke about the department of commerce. have you and your colleagues on -- house foreign affairs committee -- leadership? >> i met with the new directory. of the bureau of industry and security. he's got a department of defense background. i think for too long t

how does this affect your relationship with china? because china is one of your big partners... mm—hm. ..economically, trading, and yet it's this foe that we've been discussing. and there's talk about a silicon shield, that this kind of supply of microchips can protect you from an attack by china. yet, on the other hand, it could also prove a very attractive, valuable acquisition for china. so, how do you see it? yeah, i think the silicon shield, so—called silicon shield, is a symbol of the trust that the entire world places on the made in taiwan chips, because as you mentioned, the chip power everything from the military to science and so on. the trustworthiness of the manufacturing of those chips, the cybersecurity, for example, the e—187 cybersecurity standard were built from taiwan to ensure the trustworthiness of those chips in its computation. that is very important. so we see that as truly an asset, that made in taiwan, m—i—t, the "t" also stands for trustworthiness. and so i think this idea that things made from taiwan can power the science and military and wha

and i'm going to hold this company, went in china clinic on san 6 percent of its troops in china. i mean, i do see this is make sense. so i'm a thing, you know, it's a gesture on the u. s. government, but i hope that we're not really ready for us. that are so much i'm a really big on me, a lot of the opposition from the business community. i don't think this going this policy as was part of the can carry that far. no blanket check. so you claim us what the republican leader in the us house of representatives had to say about further aid's ukraine. he says the boyland missing and i have failed to handle its own domestic issues. and the economic crisis is just one of them. i think people are going to be sitting in a recession and they're not going to write a blank check to ukraine. they just won't do it. and then there's the things, the biden administration is not doing domestically, not doing the border and people begin to weigh that ukraine is important. but at the same time it can't be the only thing they do and it can't be a blank check. yes, me now let's look quick. so the mous

sea have angered china's neighbors. all i do. relations with the united states are at their lowest ebb for years, while tensions between the you and china could escalate if she strengthens his commitment to a confrontational foreign policy. while the rest of the world is easing cove, at 19 restrictions, china's authorities have intensified their efforts to contain outbreaks with strict lock downs, mass testing and lengthy quarantines. the 0 covert approach is one of she's landmark policies. it's also turning into the most potent test of his leadership so far. at least one person was arrested in beijing for hanging, a protest banner in the city. such protests are highly unusual. economic growth under she is suffering and fears of a global recession, triggered by the war and ukraine, have hit confidence any hint of china's future direction will be followed closely around the world. a burning question hanging over the congress is succession. who comes after she well, correspondent bobby and customer is following that histo