china is succeeding. where are they succeeding significantly, it is in the corrupt regimes. ... >> the exposure of the pernicious forms of aggression and then and it was a groundbreaking connection showing the full range of the parties and voted out of government because of the corruption there there was political backlash many examples of successful of chinese aggression but they are doing and we have to be concerned that we can compete effectively the united states and other societies. >> i really love the way that you frame the choice not between the us and china but sovereignty and servitude that is really powerful. interested in both perspectives of the relationship dynamic between president xi and kim jung-un with the nuclear posture. >> i think hr has some insights and i word say they are both very frustrated with one of a on - - one another and to hr's point where global order does china want they have articulated it in a has a lot to do with to be servile but korea and vietnam in particular is sa

in asia was 130 countries you have a country and china and china is not one cent of china g.d.p. gross and china china is also live to 800000000 people out of province economies 70 percent of the. war poverty level so they have a contribution in almost a total war but i think you know we need to really explain the well and then probably we need to have a better. look at china because i think was on the world you know the western country neither be more tolerant of china if the chinese do while you know like there is obviously a dozen matters of whitechapel aca as long as it catches mice with a contribution to the 31 3rd of the world g.d.p. gross you know never become a. conqueror any. continent or countries or sending troops to other countries or fighting in advance like i want them to when you examine your call for more tolerance example for example for my last dollar that's the french that the yeah but the but also you know how lonesome a $1.70 weakest locked up in rio and so-called reeducation camps tolerance of persecution of christians is that the kind of tolerance that you'

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

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

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

this comes four days after the nyse said it would remove shares of china mobile, china telecom, and china unicorn. jeffries called this u-turn bazaar. -- bizarre. saudi arabia is reopening its borders with qatar. leaders in the region are planning to meet. iran has seized a south korean tanker hours before announcing it will ramp up its nuclear enrichment. most opec members including saudi arabia are opposing russia's proposal to hike supply. discussions continue today to give the group more time to resolve its differences. it casts doubt on an increase of 500,000 barrels a day the market had been expecting for february. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. anna: england's and mainland scotland are once again under a lockdown as the u.k. struggles to control the virus. more than 50,000 cases of the virus have been counted. boris johnson said the weeks ahead will be the hardest yet. the country of already under extreme measures it is clear that we need to do more together to bring t

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

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

there are new cases still in china. china has still, however, have a grip on the economy and is on a solid way to recovery. but the new biden administration presents as a huge opportunity, which china takes seriously, to improve u.s.-china relations, to reduce the misgivings and to really focus on areas of collaboration more than competition, for instance, on the fight for the pandemic on climate change. and china recognizes that the biden team is technical, professional, rational, can hold an adult's dialogue. there is a lot of room for china through negotiations and dialogue to give a bit more to the u.s. in terms of trade and investment and even structural changes through on the institutional rules. and china will be looking forward to more collaboration and to repair the relationship and hope to have a constructive dialogue with -- a constructive relationship with the u.s. >> so from your point of view, the chinese are really welcoming the change in administration. >> china held -- holds no illusion that the pressur

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

is china ramping up the pressure on taiwan and why now. well certainly china has been rounding up pressure on taiwan since 2016 actually since the current president in one in taiwan was elected we have to understand that sign one is much more independent minded than her predecessor and she has refused to recognise the one china principle so we've seen a lot of a lot of pressure from china for the last 5 years but certainly over the last year this pressure has increased even further more military drills and much harsher rhetoric and now that we have a new administration and washington would be coming by in the midst ration certainly what we are probably looking at right now is an attempt by china to kind of test the waters and see what kind of reaction or what kind of bus approach will be new by doing the miss tracing have told words of the taiwan china situation to that and how do you think that the biden administration is that he to approach time and taiwan. well one thing that quite interesting is for a very long time in washington espec

they are the actual official government of china there's a whole dispute between china and taiwan over this but what the trip ministration has done for the last few years is they have in many ways normalized a relationship with taiwan that other administrations have not normalized so for instance selling weapons directly to taiwan that is a very new thing the trumpet ministration has been doing and now talking about what might come pale what talked about was kind of setting china aside and having these direct communications and relationship with taiwan in going around beijing to do so and that makes the chinese very angry and so essentially what the chinese have said as a result of that is you don't have a right to do this you are embarrassing china you are damaging our relationship by doing this you're probably catering and therefore we're going to impose sanctions on u.s. officials because of this it really has been interesting to see how the trumpet ministration a sort of gone where the u.s. hasn't gone in decades whenever it comes to relations with taiwan and that's likely while we

china fought back with u.s. airplanes and soybeans but trump came back again with even more and on it went. >> after a volatile first day of the second quarter, major indices weighed down by technology sell-offs and escalating trade tensions between the u.s. and china. >> it made headlines and move markets but the much bigger problem with theft. i spoke to former microsoft president and motorola ceo above others who explain the cost of that fact. >> 90% of companies are using the microsoft operating platform and only 1% pay for it. >> without any pressure from the u.s. government, talking about $10 billion plus for example that would go into profit. you want to compete in china, you have to usually turn over your intellectual property to a local alliance. quite frankly, i made the decision about eight years ago to essentially get out of china. >> and motorola's case, data was said to be stolen and transferred directly to the chairman of huawei technologies, one of the biggest offenders of intellectual property t

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

no that's you there to shut is published by china c.d.c. used to to a virus the chinese kind of assizes at the chinese are kind of intimate because i.z.'s you can go and check of the cheetah that's a can of january i think you it was reported here it was reported here that the shanghai public health medical center released the genome and it was going to shut down one of the newspapers here while you know you have a lot of rumors you have a lot of would give you know something different from from here you go and look ask laska pfizer ask a fire and of buy antec they direct that they give you a vaccine go and a check with them where did they get the sequels to sensitize the gene to deliver their a marni vaccine i think that's very clear they claim either are you their publication new in the journal magazine they claim they dolly the secrecies from the cheese that is a global initiative or all you friends of ours sherry it's called it's us that's case that. organization for the word to share the you for the virus but let me myself we together

there's no stopping china while the rest of the world struggles with the fallout from the pandemic china's trade surplus hits a 5 year high i watched as china's a strength mean for the global economy we talked to the president of the european shame but in china about their latest report into the country's decoupling a strategy. also coming up more posed to brics its supply disruptions the supermarkets in britain warning of food shortages in northern ireland. hello welcome to your business i want to johnson good to have you with us 535000000000 u.s. dollars that's the size of china's trade balance off to exports grew in 2020 lifting its us to a 5 year high that despite the groan of virus pandemic and the trade war with the united states in december exports surged 18 percent on the previous year supply problems elsewhere helped to boost demand for chinese goods china's robust recovery also drive domestic consumption of foreign products with imports also beating expectations. and a report just released by the european chamber in china implies that the asian powerhouse has long managed its int

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

and china. which there was not under the trump ministration whether it happens or not i don't know and it could be that we go in for a period where. the ministrations test each other but it could just be that we get lucky and that the 2 superpowers and we're going to be living in a 2 superpower our world for many years the 2 superpowers realize that working together will be more successful than trying at least metaphorically to make war and great talking to you thanks so much for a job interview thank you very much. last march a sudden nationwide lockdown in india prompted internal migration on a massive scale tens of millions of workers returned to their villages after losing their jobs in cities it's estimated more than 120000000 people lost their jobs and there were real fears many of the unemployed would return to work in the cities where the government has announced billions of dollars in aid but he hasn't reached everyone elizabeth purana reports from new delhi. riots one of the 5 bicycles

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

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

so there has been a real dissolution of china public opinion shows they now see china as anee enemy and someone who is hurt the economy. the engagement with china was a bipartisan project leading the way it donald trump to become president and moving the policy in a different direction which at the same time which has been supported opinion including those who did not like donald trump so just as he was a great force in 2016 his campaign was juiced up by the opposition to families have always on the white house and running against jeb bush and hillary clinton in the generalsh election, so seeing that hostility toward china and the arrangements with china was the first of his candidacy and going forward, not just because of what trump did but because of the failure of the hopes including me had about our relationship with china , that will be a permanent fixture in our political environment and for the republican party in particular as the out party with the democratic party of these there are some members of his foreign-policy establishment wants to maintain with china. >> thank you ver

-china relations. i think that the form in which these will be administered will be different, with a more multilateral list approach -- multilateralist approach, a more predictable approach that will bring more stability to the relationship. the united states under biden is not going to get easier on china, but i think it's going to try to bring china to the table, together with u.s. allies, to discuss things which are very important for them all. one advantage of this approach is that we're goin gto s- -- going to see much less cause for accidents and misunderstandings. this is important for the world. i think that this stability will be very good for everybody. >> how concerned are you about recent developments in hong kong ? >> well, hong kong will continue to be a very important international financial center. they are -- there are tensions there, but we have been very supportive of hong kong as a place to do business, and what we hope is that calm can be there for the medium-term, and we will all

a challenge from china. that wed not forget need china to participate in many international joint initiatives, be it climate or in relatedwe see developments china has been doing. we need them on board for global arms control, artificial intelligence, and military buildup. there is a set of things where we need china to be a part of the solution and not just look challenge, as others put it in stronger words. formalizing partnerships and not including china may create some where itxclusive clubs would be more difficult to work with china's issues where we want. we have to find the right type of solution. i would like to say a few words partnerships for we need countries to want to have partnerships. currently the only country in latin america with which we have a partnership is columbia, and they have asked for it. have asked for activity around building integrity and military forces and so forth, need a mexico, it would roll from mexico to have that partnership from nato. nato would be interested and we hav

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

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

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

the msci index up about 0.5 percent, china stocks need exposure to china as u.s. tech and trade competition will stay elevated this year. the csi 300 index up 1%. rishaad: looking at the sct, seeing whether it is reflective of the broad asia-pacific, what is going on with the thai baht, in the bank of thailand, the baht advancing again against the dollar after helping low income individuals. the nifty expecting a flat start. we will be looking at lenders as these shadow banks manage challenges to recover from the pandemic and their asset quality set to deteriorate. there we have it. haslinda: let's get to our top story. president-elect joe biden's treasury secretary meeting resistance from republicans on her call to act big on stimulus. janet yellen says she is prepared to take on what she calls china's abusive trade and economic policies. let's get the full picture from our seer -- our senior editor. let's talk about the one point trillion dollars relief plan, no surprise it is facing resistance from the gop. >> no surprise at all. this is something we have targe

s stance and china, from diplomatic and trying to cope china into the global economy. trump changed that to set it up as more of an -- a rivalry. one way he has done that is going after huawei, china's big tech super company. a lot of people think joe biden take some stance between the two, sort of diplomatic and competitive economic rival stance that there are still tariffs in place on $370 billion with of chinese imports. those are actually good leverage for biden to try to exact some concessions out of china going forward. the folks who follow this will say that we've spoken to feel that there will be some kind of middle ground between the tough economic approach that trump carved out and the way of the past that never really got the u.s. government very far. guy: thanks for the update. let's carry on the conversation and talk more about the relationship between china and the united states. still with us is kit juckes. back in 2018, we got down to 625. the chinese economy by the data over the weekend is continuing to were ahead driven by exports. how much more you w

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

looking at china data. no one i know digs deeper on china than mr. miller. he joins us right now. your note is very strong. you speak of deceptive data out of china. what is deceptive? leland: i think if you focus only on headline growth numbers, you are going to get a very cheery story right now because the recovery is better than any other major economy in the world. the true question for markets should not be whether china can nail a certain gdp number in a particular quarter or year. it should be how healthy is the growth. is it sustainable going forward? when you look at a consumption economy, it is the weakest part of this recovery. you see it in the retails data, the services data, both in our data and government data. tom: you have talked for years about deceptive data in china. do you look at the vector of which way they are moving, or is it so messed up now, even the trend is deceptive? tom: -- leland: since the virtual standstill from covid, we have not seen as intensive a recovery. we saw a reco

but the views are, from china experts we speak to, is china is unlikely to take significant retaliatory moves before the biden administration arrives. they want to open up a window to start conversations. but they have threatened to retaliate. they put in place new laws around restricting foreign investment in some areas, ranging from telecoms to the agricultural sector, that will come under greater scrutiny. we'll have to see what happens. we're waiting to see an official response and expecting a press conference in an hour or so. again, it's unlikely they're going to take dramatic action before the biden administration takes place. francine: tom, thank you so much, joining us with great insight. xiaomi wasn't the only country to be blacklisted. speaking exclusively to bloomberg, the u.s. commerce secretary, wilbur ross, blamed the company's drilling actions in the south china sea. >> cnooc is the largest oil company in china, and one of the largest oil companies in the world. they've been using mobile rigs, one in particular, to bully countries like vietnam and others on what they cal

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

china will continue to promote sustainable development. china will fully implement the 2030 aoyño for sustainable development and will do more on transforming and improving its industrial structure and energy mix at a faster pace and promoting a green, low carbon way of life and production. i have announced china's goal of thriving to reduce carbon dioxide emissions by 2030 and achieve carbon neutrality before 2060. meeting these targets will require trumepd s hard work from china. yet we believe when the interests of the entire humanity are at stake, china must step forward, take action and get the job done. china is drawing up action plans and taking specific measures already to make sure we meet the set targets. we're doing this as a complete action to uphold multilateralism and protecting our shared home and realizing the sustainable development of humanity. china will continue to advance science, technology and innovation. science, technology and innovation is a key engine for human progress. a powerful weapon in tackling many global

he said repeatedly that a stronger china is a better china. he believes more powerful china will benefit the united states. that is certainly not a consensus view in washington anymore, it's not even in the view that barack obama has, but the question now becomes when he is the most powerful man in washington, what is he going to do? were gonna see a reversal of a lot of the top policies that were necessary that were implemented by the trump administration and designed to check the rise of china and growing chinese power around the world. for many, his rule feels like a communist throwback. that isn't just a concern of the people who live there, but the whole world should be on alert. alert. that, when we come back. hope is the light in all of us that cannot be extinguished. to stir that fire, university of phoenix is awarding up to one million dollars in scholarships through this month. see what scholarship you qualify for at phoenix.edu. these folks, they don't have time to go to the post office they have businesses to grow customers to care

and china the u.s. has some major issues with china and right now the u.s. wants to hurt china so badly that they're going to hurt america in trying to hurt while way and that's really a shame it is and right now the trumping ministration is trying to move forward with these chip regulations to block shipments from the world's largest contract chip maker taiwan t.s.m. c. and that's always one of big biggest chip suppliers so it's all even prepared for something like this to happen there we've been very working very hard on the so-called plan b. i got back from some very intense meetings in china more than 2 weeks ago and saw the progress that we're making right now we're selling our 5 g. equipment around the world with no american components as you may know more than nearly $300.00 american companies want to sell the water we spent over 11000000000 dollars last year this can impact $40000.00 american jobs directly so these jobs are on the line if america decides for some unknown reason they're not going to allow american companies to sell the wall which woul

-china trade relations? we see that chinese potentially looking into new companies that have these ties after president trump had his executive order looking into these chinese companies and they had ties to the military and china. is this tit for tat? is there a chance for this becoming caught in the crosshairs as a foreign brand, particularly with the encouragement of watching homegrown brands to succeed? bill: geopolitical risks are present, we can't ignore them, but the reality is, the tesla votes for china makes tesla sticky in china. tesla has been this tip of the sword for opening up his retail consumer interest in electric vehicles. much like the apple iphone did for the smartphone. what tesla has done is they lit the candle and shown the market the way towards electrified vehicles and raised consumer interest in the category, which is good for china and the market for building electric vehicles, it's good for china as a market for retail consumer interest. the china has a national policy for electri

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

china's foreign minister spoke of a new crossroads in a recent interview. >> china hopes that the next u.s. administration will resume dialogue and cooperate, so that bilateral relation will return to the correct track. >> reporter: a chinese expert says improvements will not be easy. >> the strange ties between the two countries will be eased in the short-term. but it will be difficult to fully improve them. it is likely that criticism and sanctions in relation to china's human rights record and religious issues will be stronger than during the trump administration. >> when it comes to china's relationship with japan, the country is expected to also seek closer ties in 2021, with an aim to arranging high-level talks. a key point of tension is china stepping up activity in water around the senkaku islands in and the japanese maintain the islands are an inherent part of japan's territory. it says there is no issue of sovereignty to be resolved over them. one expert says it's unlikely any changes in china's interactions with other countries will happen overnight. >> it may require time a

david: let's talk about that in china. that makes a great jumping off point when you look at the pboc and what they are doing, repeating their promise to keep risks under control in the country. let's bring in kathleen hays or to make sense of this. somewhat conflicting signals may be? on the one hand, he said one thing, but the money market rates doing another. how should we interpret these things? kathleen: i would say money markets are nervous because the chinese economy has picked up so nicely that they are figuring, isn't the pboc going to say, we need to remove stimulus? yi gang, he's the governor of the people's bank of china, said again that they are pledging they won't prematurely start removing stimulus. they want the economy to keep growing, and he also mentioned they are carefully managing debt risk. this is something that maybe isn't so new, but markets are nervous. let's hear it in yi gang's word. >> looking forward, our monetary policy will continue, and we will keep a dedicated balance between supporting th

and china as if china has not broken promise after promise across the world. >> maria, that is right. there is a hopeless naivety amongst the biden administration of and one of the disturbing patterns we have seen come out this week with biden nominee after iran nominee a warm embrace of china. you want to talk about the most dramatic shift the next four years will entail is the biden crawling into bed with china. i asked multiple biden nominees for example whether they would maintain wall weight on the entities list because a global espionage company masquerading as a telecom company but neither one of the single biden nominees to keep them on that list and today, the senate foreign relations committee, we had the confirmation hearing the ambassador of the united nations, she disclosed that just a little over a year ago october 2019, she gave a paid speech before confucius institute. confucius institute as you know paid for by the chinese communist party, paid for by the chinese government and engage in espionage and propaganda. i authored bipartisan legislation that shut down confuc

china. but if we look at our competitor china, access to the market, for example, well, the americans have a phase i one agreement with china. china has with the asia area its economic agreement, but also other democracies like australia, canada, switzerland, therefore, it is worth explaining the european union negotiated a new economic investment agreement, because it is better for our investors to have a level playing field and access to the chinese market. >> it is not political with china, that is not where you are headed? >> we have a relationship with china, as a systemic rifle, a negotiating -- we have a relationship with china. china has its own goals. we will watch closely whether the deeds are following the words. it is good to have a cooperating partner. as i said, it is an economic competitor, and i think we can live with that. >> that was the e.u. commission president speaking in brussels. we are taking you back to washington, where vice president harris at the inaugural event,

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

under the circumstances, it is a symbol of what china in the past has been and what china in the future can become. wallple who can build a like this certainly have a great past to be proud of, and a people who have this kind of a past must also have a great future. my hope is that in the future, perhaps as a result of the beginning we have made on this journey that many, many americans, particularly young americans who like to travel so much will have an opportunity to come here as i have come here today with mrs. nixon, and the others in our party. that they will see this wall and think back to the history of this great people and they will have an opportunity, as we have had an opportunity, to know the chinese people and know them better. one of the results of our trip we hope may be the walls that are erected whether they are physical walls like this, or other walls, ideology or philosophy, will not divide peoples in the world. that peoples, regardless of their differences and backgrounds and their philosophies, will have an opportunity to communicate with each other, know each othe

next on real america, nixon in china. behind the scenes look at the diplomatic breakthrough, this compilation of film and audio recordings from our ice sources was produced by the richard nixon library in 2012 and consists of films by this informal super eight home movies and white house communication sound recordings. >> president nixon's departure for china, february 1972. [applause] >> mister vice president, mister speaker, members of the congress and cabinet, i want to express my very deep appreciation to all of you who have come here to send us off on this historic mission. ar!÷<%ujt)pn leadership of that house and senate who are here. we, have course, are under no illusions that 20 years of hostility between the peoples republic of china and the united states of america are going to be swept away by one week of talks, that we will have their. we must recognize that the government of the people's republic of china and the government of the u.s. have had great differences. we will have differences in the future. but

in the midst of rising china taiwan tensions. between china the should be impossible. china also warns any push for taiwan's independence means wolf i also going to explore what does the u.s. of taiwan have to china's challenge plus. taiwan's mulls a rule change that could be a way out for young students from political crisis. by british welcome to news a sure glad you could join us the united states says there is no reason for tensions between china and taiwan to escalate to confrontation the remarks come as a senior chinese official warned that any moves towards taiwan independence could mean war the shop and rhetoric from beijing matches increased military activity by its forces against taiwan the aim analysts believe is to place a new u.s. administration and taiwan on check. taiwanese air force pilots are on high alert this may be just a simulated drill to show how fast we can take to the skies far to recent months they've been doing it for real the president laid bare the threat from their nearest neighbor. who are in the past year our radar stations have detected

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

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