i mean china has no conditions in fact over fifty percent of china's loans to africa and latin america is backed by commodity things like energy and food and it's a very important for china to have sort some sort of backup but overall i don't think people should consider china as some sort of aid provider. chinese entrepreneurs go over to african countries build up factories and change the landscape of africa it is out of their self interest and not the fundamental thinking of helping african countries i still think the countries like the u.s. and europe probably take really the moral high ground in this issue but what's really has changed in the past decade in africa we have to we have to admit that the chinese is actually taking the lead here not the western countries i mean so how about the the big criticism of course over these projects is that many of them a simply not needed by many of these countries in africa they may benefit twenty years down the line but they're certainly not benefiting anyone now and when countries can't pay back the loans to pay for them in the first place

and who can help europe never go trina so europe is going to work with china instead of opposing china because america is china if you don't mind we're going to go through all three of those adams step by step but we'll start with trump. you mentioned w t o he wants to pull america out of the w here he was skeptical of their concessions from the very beginning when he became president if that actually happens if america is out of there and ization what would that mean for w t o and for the global economy here actually are some good news for you the good news is the rest of the world won't carry on with w t o. with or without the united states and just a few days ago i had a conversation with mr pascal lamy the former head of the world biggio for many years and he said kishore the wu can carry on without the united states and the unitas is surprisingly will pay a price if it leaves the deputy oh so this is where i think the united states should think very carefully because at the end of the day if you want to curb some of the unfair trade and economic practices of china and some of them

syria or china's libya? as you know, there are sizeable western individuals who joined the forces in syria. but none of the western governments have been setting up internment camps for anyone who might be having tendencies to take up arms against the western interests. do you know what china means by an abnormally long beard? that is...i've seen religious figures in christian and jewish communities, especially in new york, when you walk around some parts of new york, you will see a jewish individual with a long beard. that sort of beard is considered a sign of extremism in china. so these are among the measures that have been, particularly in the last year and a half or so, introduced? that includes growing a beard for style. but it is aimed, in your view, at visible identification of somebody as a uighur? yeah, because that would make you look different than the chinese. another reference has been to dissuade people who cover their bodies and veil their faces from entering railway stations and airports. th

according to reporters without borders china you can see from the mass media in hong kong. there are many many opinions even against the hong kong government against the central government they are still in hong kong that is the will situation so one course hong kong hong kong in the world press freedom in the x. has gone from fifty fourth place to seventy third over the last five years you proud of that are. the only is that are the mass media in hong kong still quite a dependent and they will not be intimidated by by and the r r passion from the hong kong and this treasure not essential government that is that we are that i see in hong kong today well they say they are being intimidated they're saying the being threatened they're saying that journalists are being courage to self censor and you saying what they just don't know what i'm talking about can see from the loose paper every day there's still much criticism is allowed in hong kong in twenty sixteen you said. you you said you were king to push chinese subjects in secondary schools especially history and you said th

country to china actually they respect the basic law. not say they are do they say they do but it's just a slogan no no no because as annoying in hong kong i can say that in hong kong now up we all of us respect the basic law we obey the base at all and we hope that we can still work under the legal system existed legal system and so that we can enjoy the one country two systems that is quite important when it's in becoming a slogan is in one country two systems it's more and more one country one system and i want to draw your attention to what a senior chinese official leaf a said in november hong kong is obliged to respect the constitution of the people's republic of china uphold the constitutional order and safeguard national unity in other words forget of merge your basic law this is a document that is much more important now as a part and parcel of china's certainly hong kong we must respond to constitution of the p.r.c. i've just nitride many everyone in germany you must respect our constitution is the saying same case in hong kong

as african leaders are gathering beijing for the forum on china africa corp criticism of china's investments on the continent are getting louder concerns are growing that by building costly infrastructure in african countries china is also saddling the partner countries with debt as these partners are financing the projects with chinese banks now that's likely to be one of the reasons why chinese president xi jinping has announced on monday that his country is to provide sixty billion dollars in financial support to africa with no strings attached. they're looking for more investment dollars and aid from china that's why so many african leaders have traveled to beijing and its great hall of the people their expectations were met by promising remarks from china's leader. on more than one point three billion chinese people and over one point two billion african people have always pursued a shared future president xi jinping told his audience we respect africa love africa and support africa. you feed holds. and then the part that really matters. here which you call a parts year for china is wil

guarantee its rights and freedoms for at least fifty years now pro-democracy campaigners charge that china hasn't lived up to its commitments my guest this week here in hong kong is horace chong vice president of the largest probating party and a member of the city government's executive council will he stand up for the rights of people here or allow china to curtail the. forests are welcome to convert their thank you last year the beijing government made it crystal clear that it no longer feels bound by the joint declaration it signed with britain in one thousand nine hundred eighty four why didn't you stand up for the rights of the people of hong kong when they said that. our fame to the officer pushed position is that after signing the joint decoration hong kong has been returned to china and then the hardcore fans will be in town or for some of our home country but there's a binding international agreement which china signed and these rights and freedoms are supposed to be respected for fifty at least fifty years sure that was written down this is a. an accord which was registered with

by anyone's measure china's belt and road initiative is a massive project. , oking china to the world road, rails, see and pipeline. europe,central asia and africa and the middle east, south east asia and india. upgrades to its ecosystem. welcome to the we continue to navigate china's belt and road initiative. we begin this program and mumbai, known as the gateway to india. not so welcoming to china's belt and road initiative. countries with massive economies accounting for more than one third of -- but with a long history of mistrust. think it's understandable india is nervous about having this giant neighbor growing so quickly. is nervousd india about this and doesn't want china to be planning the asia infrastructure. for india tontial benefit if china is financing good infrastructure projects around the region. >> amongst the neighbors -- that we canies become and the shift that can become highly indebted. they share a contentious border the question is should they be concerned about bri, i think they will be most concerned with countries that border them would have traditionally h

i mean china has no conditions in fact over fifty percent of china's loans to africa and latin america is backed by commodity things like energy and food and there's a very important for china to have sort some sort of backup but overall i don't think people should consider china as some sort of aid provider. chinese entrepreneurs go over to african countries build up factories and change the landscape of africa it is out of their self interest and not the fundamental thinking of helping african countries i still think the countries like the u.s. and europe probably take really the moral high ground in this issue but what's really has changed in the past decade in africa we have to we have to admit that the chinese is actually taking the lead here not the western countries i must say that the big criticism of course over these projects is that many of them a simply not needed by many of these countries in africa they may benefit twenty years down the line but they're certainly not benefiting anyone now and when countries can't pay back the loans to pay for them in the first place then

will not reverse course or shut the door closed china will open still wider to the world china will not interact market barriers but will expand access to the chinese market of all developing countries in the world china has been the fastest in over winning up to a level and paralleled by others when it comes to overall tariff reduction china has accomplished more than what it committed when joining the w t o the breast of china's openness in services is close to the average level of developed countries this november china will host the vast international import accessible in shanghai it will be yet another major step to open china's market countries are welcome to take an active part in the event the belt and the road initiative proposed by president xi jinping is a public good china offers the world we indeed it has grown into the largest platform for international cooperation it aims to deliver benefits for certain consultation and cooperation the initiative is old been transparent and inclusive it is based on international routes and laws and it aims to achieve environments. fri

patrick boone is china researcher. we were in the international class because we'd gone abroad to arab countries kazakhstan judge accused speculator and britain was then what was every day lifeline right. after breakfast we were dissing there was no interruption . without the communist party there would be no nor china with songs like that we had to study the nineteenth party congress and repeat what a great person a president using bringers in order great country china is. it's all for in washington for them to accept that you were chinese and you have that it's a national unity is size to make you feel you are part of the nation you don't need to keep your own ethnic identity it's just really like ethnic cleansing practice so it's really terrible. because i call thora these have warned cairo at that he could be endangered by what he has said. you have to be strong and have the courage to speak the truth. if we don't say what's going on there who welcomes them and that's why i'm making a statement to the songs by. con

china has felt burned. china is likely and where he -- wary of giving trump any kind of victory ahead of the upcoming midterm elections in november. donald trump wants to show he is being tough on china. who will give ground? i am a bit of a pessimist if you ask me because there is a lot of optics at stake here. trump hardline on china, really resonates with the industrial belt around the great lakes --tes but it also worries worries and the farmland stan -- farm land states with chinese retaliation. it is a delicate balance here. keep in mind china has not yet agreed to hold the next round of talks and that is key. the commerce ministry had his -- their weekly meeting yesterday, their regularly scheduled meeting and they basically had the chance to say yes, we welcome the talks. he did not. actually colette -- criticize this escalating trade war as a situation for all parties, and he said it is hurting the globe. the foreign ministry out of china did say that they will company round of talks but again, the

discussing the outlook for china and beyond. we have this economic data out of china. retail sales coming through etter than expected. production key number. 6. is the figure. 6.5 year on year to date. it's also exactly what the economists were predicting. down a fraction year on year after the last month's reading but indeed slightly higher year on year as well as other once in pipeline. i think investment slightly weaker. 6.6 was predicted growth. we had 5.3 brs. that's the figure we have -- we had 5.3%. that's the figure we have. 5%. and we were looking at 5.1% in july for that one as well. so retail sales slightly stronger. here's david. david: eight shares up .4%. we have now indeed turned lower here on mainland markets here. simply goes to -- remains quite weak. 1% here on the c.s.i. shanghai composite still remains very close to that four-year low. -- in y if a, 2016 fact, 2016, that's about 30 or so points from where we are right now. of course, the small caps, china index, as you can see there, down half of 1%. very quickly, let's try and change this up. retai

china's holdings of u.s. treasuries fell to a six-month low in july, just as a trade war between the world's two largest economies began heating up. beijing's ownership of american bonds, bills, and notes, slipped to 1.17 trillion dollars. increased its holdings as did saudi arabia, taiwan, singapore, and france. the bank of japan has left its monetary stimulus program unchanged after adjusting its policy settings for the first time in nearly two years in july. the central bank maintained its 10 year bond yield target, asset purchases, and guidance on interest rates, as predicted by by 51 economists surveyed bloomberg. that leaves the boj further behind its global peers, who are moving to return to precrisis monetary policy. u.k. and the european union have signaled their readiness to work to break the deadlock in brexit talks as britain's prime minister prepared for a crucial summit aiming to persuade e.u. leaders to back her plans. chief brexit negotiator, michel barnier, repeated his offer to rewrite his b

run the trade surplus with china. my bet is production will move out of china, which it has been doing anyway because chinese labour is now more expensive, so low—end production will move to vietnam, cambodia, african countries and therefore avoid tariffs. it will still be chinese manufacturers but operating abroad. and the higher end companies, some will move to the us. presumably this is with the idea of bringing jobs back home, actually labour costs in the united states make it very hard to think you could bring many of these jobs home. donald trump is trying to wage the war on globalism, and globalism is a big problem in europe as well, the business of importing labour and goods, the hopelessness of trying to impose tariffs, everybody is adjusting, the whole political class is adjusting to the global economy and globalisation of labour. the problem is he seems to not grasp the complexity. i don't think he does complexity. we did not talk about apple. he wants apple to not only conceive everything in california b

and china. while we understand that concern, this is not a choice that we would have the people of southeast asia contemplate. as we look at the growing data set of chinese predatory economic statecraft and assertive behavior that includes notarization of the south china sea, in an attempt to operationalize an unlawful sovereignty claim, choices are clear, not between being in one camp or another, but of two vastly different aspirations. so, the choice is really between partnership or domination, independence and self-reliance, or a mortgaged future. full sovereignty or coercion. international law and norms or claims and control. southeast asia will remain essential to our thinking as to how to best implement this demonstration's free and open indo pacific vision, and we will continue to build on our already strong relationships that is shaped the region in which all regions can enjoy freedom, peace, and prosperity. once again, thank you for the opportunity to speak here today, congratulations,

>> president trump turns up that he china. iffs on $2 billion of good on china. beijing finds a way out of the tariffs for some of its products. elon musk announces a japanese villain will be the first person -- a around the moon on a japanese billionaire will be the first person to run the moon on a spaceflight. welcome to "surveillance." . am nejra cehic in londonder francine lacqua is on assignment . the shanghai composite rebounding after it closed at a 14-year low yesterday. a similar picture in europe after a risk-on in equities, not by much, but the stoxx 600 to some .2%. ,peaking of commodities yesterday we saw a significant life in industrial metals. today, we did see copper dropping, but it did recoup itself in the asian session, and we are in the positive section now. meanwhile, the 10-year treasury yield not doing a lot. if anything, it was raising by one basis point earlier. 2% three the italian 10-year, some disagreement over the budget. coming up on "surveillance," we will speak with howard shores at 9:30 a.m. u.k. time in this show. first words ge

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

president donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u.s. goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on look you saw groove on we keep stressing that the dialogue and consultation based on quality good faith the need to respect is the only right way out of the trade dispute going on that what the u.s. is doing now shows no sincerity and goodwill for found out soon that china's counter attack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliation president trump appeared to think the move was enough to force china to the negotiating table so china

moves away from china? both are bringing opportunities and challenges to us, but more opportunities and opportunities and challenges. it has forced us to balance our trade with other countries. we are not adversaries with anyone. them, andus, we need we cooperate on an equal footing. haslinda: how concerned are you that trumps tariffs would now be focused on vietnam, given that it trump himself has said that after china, he would be looking to the rest of the trading partners in asia? >> last time i told trump that i agreed with him, that we need to trade. our that what we shipped to the u.s. is actually benefiting american buyers and investment inflows from the u.s. to vietnam is also very positive. vietnam on this are exploring ways to boost its growth.and it has artie talked about establishing trade deals upon from the 12 deals it already has today. shery: and of course, coming as are seeing more trade tensions between the u.s. and china. has susceptible will vietnam be? haslinda: shery, vietnam is susce

information to better unable to vote is china exploits are transparency and open society china is also being introduced to the concept of sanctions being thrown in the same basket with moscow over beijing's purchase of russian weapons in this narrative the trade war waged by the us on china fits like a glove after all the purpose is the same to hurt a nation's economy our trade imbalance is just not acceptable. china is market distortions. and the way they deal. cannot be tolerated when it comes to pushing an independent foreign policy china and russia cut from the same cloth this trend is also propelling beijing to the top of the u.s. diplomatic kill list we do monitor very closely what appears to be an effort to expand their in their own region in places like africa latin america the pacific islands asia and we are concerned by some of the tactics that the hunt for chinese spies is in full swing too as if the land of the american dream has been rid of russia's agents and what seems to be a new fad in this china dominated collection military rivalry taiwan is a breakaway province from

what's the message that china is sending over well china sort of the russia russia trying to lure china closer to its and since twenty fourteen the least but russia has always been eager on on sort of forging this alliance china was usually very reluctant to do so because it's all russia's being too images and have to quit cricket so if provocative now it's a signal that the can also go with the russians on reconsider if. false the days. of the discontent ones which is of course a message to washington and coalition of the discontent in the past these drills is important you know they were seen as preparation for possible confrontation with china but now for the first time chinese troops are taking part in them and this is a major change in which to keep that in mind while we take a look at what the head of russia's national guard had to say he's a staunch putin supporter and this is what he had to say about putin's outspoken critic alexian of all these take a listen. well look who are you know on the i want to understand who you are where you come from and why you are clearly the produ

they anticipate to make the production run and there's a link to china and directly to china. these pop culture vinyl figures are wildly popular with kids and millennialist alike but the new list of tariffs includes toys so costs will go up big corporations are able to adjust and switch manufacturers but you know a small shops like us we have to roll with the punches and try to figure out changing our actual business strategy in order to adapt and evolve president be pleased to note that you can buy this figurine of him here at tom's models for about eighty dollars and of course it's made in china what he might not be so happy about is the chorus of criticism from businesses large and small over his china trade policy. wal-mart the country's biggest retailer told the trumpet ministration quote the immediate impact will be to raise prices on consumers and tax american business the head of the u.s. chamber of commerce which lobbies for big business in washington says a trade war is the single biggest threat to the economy right now very few people in the business community have

it has to respond, the communist government of china, the communist government of china, the ruling party here, has two big facet that justifies its the ruling party here, has two big facet thatjustifies its legitimacy. 0ne facet thatjustifies its legitimacy. one is the economic growth, this is the 40th anniversary of reform and opening up china's miracle, increasing gdp per capita almost 50 times, making the standards of living of the vast majority of the people quite decent. the second area is national rejuvenation, national pride. this affects both. you have the economics and the pride. the economic tariffs are certainly suboptimal in all respects about china must respond because it has to maintain the dignity of the country. it does so in a way that it signals that it wants this to resolve. it won't resolve soon, no one expects it before the election, but it is very important to understand from the us point of view what the real issues are. what are the real issues, briefly? there are five real issues, briefly? there are five real issues, i do not include the trade deficit as one of t

on china. this is profound in the markets? michael: not so much. david: look at shanghai, it has been down and down and now it shot up. is it just buying the news? michael: if i could play the stock market, i wouldn't be sitting here. to be happening is there are rumors that the chinese government will come out with reports in the same way the u.s. did for agriculture business. report out this week that said six of 20 sectors expect a hit to profits and nine have lower profit expectations because of this. they expect companies to take a hit. 50% 100% of companies will pass 100% prices to -- 50% to of companies will pass along prices to consumers. lisa: shanghai has had their worst experience. there has been a response that if you don't get the worst, this is a buying opportunity. every jitter we have had has now an opportunity up until . a lot of analysts are saying we think u.s. stocks should be doing better than they are and they are being held back because of trade concerns. if you don't get

by the way china is way too cheap. china trades, its market cap is 40% of its gdp. that is where ireland trades. china, ireland, no. china is too cheap. we'll get through this i'm actually buying stocks. i like fact we're playing tough. it will work out. >> i'm buying chinese stocks too? >> are you? good man. trish: thanks so much. we'll be right back. people tell me all the time i have the craziest job, the riskiest job. the consequences underwater can escalate quickly. the next thing i know, she swam off with the camera. it's like, hey, thats mine! i want to keep doing what i love. that's the retirement plan. with my annuity i know there's a guarantee. annuities can provide protected income for life. learn more at retireyourrisk.org >> thank you very much. a great honor to be with a very good friend of mine, president moon of south korea. we're having a very important set of discussions today, tomorrow, the next day. we've been having them for quite some time. since you first gained office and you're doing a terrific job. i think we're doing a terrific job togethe

china is market distortions. and the way they deal. cannot be tolerated when it comes to pushing an independent foreign policy china and russia are cut from the same cloth this trend is also propelling beijing to the top of the u.s. diplomatic kill list we do want it to her very closely what appears to be an effort to expand their influence beyond their own region in places like africa latin america the pacific islands. and we are concerned by some of the tactics that the hunt for chinese spies is in full swing too as if the land of the american dream has been rid of russia's agents and what seems to be a new fad in this china dominated collection military rivalry taiwan is a breakaway province from beijing's standpoint while from washington's it's a lucrative arms export opportunity no wonder the massive new us three hundred and thirty million dollar weapons deal with taiwan fell flat with china washington is definitely afraid the china is in the passingly many economists are predicting that sooner rather than later china will have a

-china trade tensions. president trump wants to go ahead with tariffs on $200 billion of chinese goods, and the wall street journal reports china may turn this down to restart talks. joining us is bernie kohn. are we seeing a game of bad cop, good cop when it comes to trump and mnuchin? bernie: you have hit it on the head. the question is are they tired of trump's pressure tactics? have they struck trade deals with mnuchin before, only to have it vetoed before? there are signals in both directions. either way it sets up a week in which officials that were due to come to washington for talks, it may not happen at all or may not produce much. haidi: do we know anything about the timing of when such tariffs would go into effect? bernie: that is our understanding. it has been reported monday, tuesday. we have reported it might be in the next few days. i had don't know any of that -- i don't know any of that is wrong. there are a number of wheels turning. one is whether the tariffs are at a point where you are p

china and they die. so this is just a one way conveyor belt. and it ends into the other and this is supposed to be entertaining. we asked the aquarium's we investigated and the government ministries supervising them to respond to our findings of mistreatment they all declined. i to find out how the parks source their animals we put on hidden cameras and meet a key industry adviser he's helped many aquariums acquire their marine mammals from around the world. third thing would be to you. know if they. did like that what do you. feel you have to do that that's how you get down there which i think that funky. we've told him we're developers looking to set up a marine park who knows to tell us. what you know and i go. this unusual challenge. you really. don't get it if you know you go seek out how you like your money because those. who have to tell. you it was like this. after buying the animals consultant advises us that to get them into china we will have to bribe quarantine officers that's a little bit you know we were promised what. we did to y

what about china? jose: it seems trade tensions between the world's to biggest economies are not using any time soon. if trump escalates the turf battle, that could increase the risk of beijing starting to focus on the operations of american companies in the country. it is running out of goods bought from the u.s.. let's not forget that the u.s. imported three dollars of chinese products for every dollar of american products going to china. this came after shrub said that he was expanding penalties in the form of $267 billion in chinese products. that was on top of the $50 billion of chinese products. washington is posed to raise tariffs at any moment. brent: how are u.s. companies responding? how is a -- jose: some of the providers in asia -- after trump pressure the iphone maker to bring back manufacturing to the u.s. as a way to avoid impact of tariffs on some of its products. let's not forget that apple has contributed to the u.s. economy with $350 billion over the next five years. we need to take

are testing china's. resolve towards protecting its its territorial claims in the area are you surprised. when we see around the world that now people are talking about the at the china model for for global order world order as an alternative to the western order but when we talk about things like this i mean this is certainly not something that the west we would find appealing do you think that people tend to forget the reality of you know what the party that's being banned for example i think that's why it's important that we discuss these issues when we talk about the china model we usually talking about china's economic success and of moves many people in other countries look at china and say we also want to have growth figure right that way but china is a big package it's not only economic growth there's a lot of dark areas that are involved too and when you look at china you can contrary pick this china and not have that china it's all one package and you get the whole deal there you get the whole d

china will not reverse course. china will open still wider to the world. it will expand access to the chinese market. been the fastest and opening up unparalleled when it comes to overall tariff reduction china has accomplished more than what committed when w -- when joining the wto. this november, china will host the first international import expo in shanghai. it will be another step to open china's market. countries are welcome to take part in the event. proposed by the president, china offers so world. it has grown into the largest platform for international operation. it delivers benefits for all through cooperation. the initiative is is open and inclusive and based on international rules and laws at it aims to achieve environmental friendly and sustainable development. it is about pursuing, prosperity through greater commentary. by september this year over 130 countries and organizations have found agreements on the road to cooperation with china. china will host the second forum and we welcome all parties to attend. china is the largest developing c

soybean win to china. the duties have hit my state hard because about 60% of our state soybeans are shipped to the rest coast by rail. dr. johansen, when preparing the methodology to determine payments under the market facilitation program was any consideration begin to recent until a shipping disparities within each commodity? >> so, great way. based on the facts are very obviously complicated to consider but certainly we have been asked to look at that issue. when we put the current methodology together, we did not do regional affects. there were a number of factors to consider there transportation certainly being one of them. availability of storage, storage capacity being another. and availability as you know of rail shipment capacity to the pacific north west relative to barge capacity to the gulf. those are factors we're actively examining and looking at, and will be continuing to provide the secretary with that type of information. >> will you take these unique regional impacts into account if you y

i will china respond to another blow from china? -- from president trump? david: will they use the currency as a weapon? formal that simply be a byproduct if and when we approach that? last 60 minutes of trade and hong kong, we are approaching a lunch break which coincides with the end of the public common period. that's the line in the sand. anything can happen. they may announce something. they may not announced something. we flesh into the details. as far as equities, this is the picture. down for a seventh straight session. the biggest weekly drop going back to march. we talked about that. in terms of where the money is going, uncertainty there. we're seeing assets bid up. southeast is a bond yields continue to push up. part of that might be these acute stories. inflation in the philippines, currency an issue in indonesia. equity futures pushing down. with the exception of china equity market. we'll talk more about where we go with that. nfci 300 quite cheap. let's change this along. have a look at this one. obviously, chinese currency very much in focu

president against china take a listen regrettably we found that china has been attempting to interfere in our upcoming twenty eight teen election coming up in november against my administration they do not want me or us to win because i am the first president ever to challenge china on trade and we are winning on trade we are winning at every level we don't want them to meddle or interfere in our upcoming election. alexander you saw the reaction there by the chinese foreign minister and he basically shrugged his shoulders when he heard the translation this accusation that came out of the blue has there been more reaction in new york. well you're right it was a real bombshell here and people in the security council were looking at themselves asking themselves what it is all about it's we have to say that the president has talked about this topic before saying that it was not only russia to meddle in you as elections but also other nations such as china for example but to make such accusations in such a high a profile setting and the security council meeting when the chinese foreign mini

china's government has reason to be cautious over shinji. since the ethnically driven unrest that flared up in two thousand and nine there has been periodic violence and bloodshed attributed to negro movements including one attack at the heart of the capital tiananmen square beijing's response however putting a community of eleven million people under surveillance incarcerating so many in the name of indoctrination has been wildly disproportionate china's government argues it's out to stop what it calls the three forces separatism extremism and terrorists and china's media apparatus has adopted that term parroting it in the same unquestioning way much of the us media did with the so-called war on terror it will continue to don't change the. fund. beijing's man in shin jong chan one war was made party boss there after having cut his teeth in another ethnic trouble spot to bet he has adapted some of the security measures used in tibet to shin jump including a clear focus on surveillance and technology. things like police checkpoints every few

and china. that includes xe yuma. 10%s forecasting a further to 15% decline for emi equities. they already dropped 8% over the past 12 months. em countries are continuing to demonstrate agility --for jody from argentina. the government technology and they will fall into a recession this year and next. sustained growth also took a heat. goldman cutting its view on indian stocks on expectation the economy will face headwinds. jpmorgan going against the grain, saying buy em and cut u.s. stocks, warning we will lose our edge after this year's sugar high. oxford economics also calling for an inflection point here, as the dollar's fate is determined. oxford economics see the key is chinese stimulus, with real estate and heavy indicators 22 support for global growth. lastly we cannot overlook the impact of a trade spat on supply chains. that could see southeast asia capitalizing companies reconsidering business in the u.s. and china. found abouturvey one third of more than 430 american companies have o

sanctions as part of the one belt one road policy in china well look i mean china becomes of all when they put a man on the moon ok then american will take notice and they'll be like well who wants china there's a country called china what maybe we should get our you know you mentioned culture there and soft power and the character of a nation america if it's faced with an existential threat like china becoming a superpower will get its act together and like we did during the cold war after russia put up sputnik the u.s. landed on the moon that's why mention the moon and look if we have an existential crisis coming down the path of guys like trump and other entrepreneurial you know leaders will mobilize the country and. i welcome this challenge because right now america doesn't have anybody else there to play with you know kind of bored with it would be great if we had another superpower out there so here's what bloomberg says about that one ballots run road policy as a result of the one child policy both to boost the long term prospects of its own economy and to expand its influence

jurisdiction if the united states was also sanctions on china definitely china will not step down and china i think will have all the moral reasons to increase its military cooperation with russia and possibly even important more planes and and pry missile systems from russia and this will provide more solid support for comprehensive cold relations between russia and china and this specially in the military cooperation area you're well early days is still as you saying it to be seeing quite what china means but when it's telling america to bear the full consequences but i'm sure a time will tell we'll be following that story with your help as well no doubt to go straight to the china national association of international studies thanks for being on the program thank you for having. source in germany now their fathers appealing to authorities to relaunch the investigation into his son's death almost a year ago marcus hempel died of her fight involving for refugees on the c.c.t.v. footage marcus in the black and his friend a show with a group it was later judged have been self-defense o

china has some ten million catholics. this is the end of a process that's really the beginning it's also important to remember that while it's come to fruition under pope francis if pope benedict had a letter to chinese catholics in two thousand and seven he was working for the same goal. john paul the second had made legitimate a number of illegitimately ordained bishops so this this is really the work of thirty years and three pontificates the objective of the accord is not political but it's pastoral what that means is the faithful in china that they have bishops who are in communion with the pope but at the same time recognized by the chinese authorities. has more from the chinese city of chengdu. and what's being described by both sides as a provisional agreement the vatican will now recognize seven bishops here in china that were originally appointed by the chinese government now that is a big move because previously the vatican said that the pope himself had to appoint but they are now recognizing the seven essenti

we get overwhelmed by all the headlines in the china trade -- china-u.s. trade dispute. >> you're looking five years to 10 years ahead in terms of your investment strategy, so what areas are you looking at? >> our business will continue to grow because the world will keep growing, and international flows will keep growing. planes.and commercial 48 thousand in 20 years, just an indication of how the world will continue to become more global. that's what we are doing and corporate banking, serving companies with financial needs around the world. we will keep investing. the areas we are doing that predominantly in is our payments business and china. juliette: how do you get china right in this environment? sjoerd: you have to lean forward. it is such a once-in-a-lifetime opportunity that i think we have to lean forward in terms of investing, so it's about people, it's about capabilities, and just sticking with it. notwithstanding some of the ups and downs that the market may have. juliette: you're based in dubai and we recently saw jpmorgan among the banks th