for example it's very close to china and china has very much closer relations to china in a more direct sense than for example the us and europe graphically and demographically there's also a large chinese community in australia and however i think as china is seemingly more aggressive on the xi jinping in the pacific asia region stradley and now in the last few years wanting to kind of tighten also its policy against china and also impose tariffs and be more cautious and because they are more direct in contact with china and they feel more threatened and i think that but to their reactions from the region i think the euro up and the u.s. can now kind of look for us and use australia as kind of a and this example of what would happen if. at the beginning of the show we have this quote from you where you said to us where there's a doable know if would be willing to accept known western leadership or was very intriguing to us a little bit more is i think that of course there's the debate washington's kind of putting forth that it's not about fighting china it's about fighting an authorita

exports to s china. quite the opposite happened we are now at $400 billion at deficit to china and you know, whole u.s. industries have moved to china. something like three or 5 billion american jobs have been moved to china between 2001 and today and so they are eating our lunch and i think that president biden and i'm pleased that he recognizes that. >> host: would we be in a better position trade wise if we had entered the transpacific partnership there at the end of the obama administration beginning of the trump administration? >> guest: trade wise it would've made no difference. in fact, trade wise we might have been in a little slightly worse position because that agreement was not going to open a significantly any significant markets for us in asia. remember, we called it a transpacific agreement but aside from japan the other major asian countries will be vietnam, malaysia and singapore and those are not big markets. we did bring japan into it but nothing in the agreement was going to increase o

in china and it has a very. strong trading relationship and i think germany's always called for example merkel she's always caught in between. protecting business interests this is the human interest and human rights and democratic values and i think that europe is deciding how much their way. will we prioritize business trade economic development with china or will we take a step back and look at the human rights situation in china. turns and you're nodding. to the bottom line is the path to a united or any kind of coherent european china strategy or policy goes right through berlin berlin is going to be determinant as it was in the case of the comprehensive investment agreement and it has to strike that balance between its economic interests which are growing with china and dependencies and the human rights values questions. we haven't talked yet about taiwan beijing of course views taiwan as an indivisible parts of its territory taiwan for its part wants greater independence it's going to be interesting to se

the us—china trade deficit is at all time highs between the us and china. number two, the phase one trade deal would set very specific benchmarks for chinese purchases of american agricultural and energy goods over a two—year time period. the chinese, as of today, are still 40% short of their benchmark of purchases for. . .for the first year. so the phase one trade deal didn't work. and as i'm sure you know, stephen, the whole purpose of the trade negotiation when it was launched was to solve long—term structural issues in the us—china trade relationship, ipr protection, forced technology transfer, chinese state subsidies. the phase one trade deal dealt with none of these issues. so to use your rhetoric, stephen, the trump strategy, yes, was very confrontational, push back, prodding china at every opportunity, but it was not very competitive. it didn't improve the american competitive position vis a vis china. it was just very confrontational. so let's move on then. you don't see any real positives out of trump's trade policy. what about his policy on

for example it's very close to china and china has very much closer relations to china and in a more direct sense than for example the us and europe graphically and demographically there's also a large chinese community in australia and however i think as china is seemingly more aggressive on the xi jinping in the pacific asia region a strategy and now in the last few years one thing to kind of tighten also its policy against china and also impose tariffs and be more cautious and because they are more direct in contact with china and they feel more threatened and i think that but to the reactions from the region i think the you're up and the u.s. can now kind of look for us and use australia as kind of a example of what would happen if. at the beginning of the show we have this quote from you where you served us where the global north would be willing to accept known western leadership rosary intriguing to us a little bit more is i think that of course there's the debate washington's kind of putting forth that it's not about fighting china it's about fighting an authoritarian state b

and china. francesco parisi has decided on a partner to help trust expand not china but a european investor the port of hamburg. he stresses that this is a purely economic calculation but he doesn't deny that political factors also played a role or easy remembers the cold war and is worried about any new confrontation. he's called for a situation where there was another cold war. be a matter of concern for me personally and for my business in general for me in general. as a citizen of the european union. we conceive it international trade for sure a bridge we could see that to be helpful to. keep in mind the peace. the debate about the role europe will play in the trade war between the u.s. and china is nothing new and is not limited to the economy. the asperity i hope to some european leadership because if not europe risks becoming the battlefields to china any less say that horrid can be the 3rd key player in the global arena i hope that's what europe decides today and it should all be fodder.

and china. francesco parisi has decided on a partner to help treat us to expand not china but a european investor the port of hamburg. he stresses that this is a purely economic calculation but he doesn't deny that political factors also played a role parisi remembers the cold war and is worried about any new confrontation. these calls rotation to situationally there was also another cold war. to ease their method of closure for me personally and for my business in general it will not for me in general also as it is as a citizen of the european union. we can see that international trade for sure a bridge we could see that to be helpful to. keep in mind the peace. the debate about the role europe will play in the trade war between the us and china is nothing new and is not limited to the economy. i feel scared ok i hope to some european leadership because if not europe risks becoming the battlefields to china i mean usa and europe can be the 3rd key player in the global arena i hope that's what e

and something that china stands ready to china is a century maybe he's. smart. and they're going to function into the united states picking one of their their system doesn't work our system but there is one area where the u.s. can step up in a new way narea where hope for the future is in short supply climate scientists agree that the world is on course for devastation if it fails to cut back further on carbon pollution for most extreme state john kerry is biden for climate policy in appointment showing this was a top priority experts say that the u.s. has a big opportunity to combine reviving its economy with cutting its emissions and helping other countries do the same right now green recovery still a huge luxury for a majority of. the u.s. has a huge role to play in that not only in its own development aid on its own overseas international. but you know how they. let me banks and i think we were in the eye on that. other country. on earth. sort of leadership navigating international institutions doesn't grab the limelight something where the u.s. still has un

, is not for china. due to china's different cultural historical experiences from and to any kind of discussion about democracy. his propaganda. so i think they believed the concept the most people have accepted itself any are not willing to take of the fight for china. yan: and in the call them who were reporting on covid-19. and they have been jailed. received sentences for speaking up. in researching for this book investigative journalism in china, did you encounter the citizen journalists . amelia: i was too afraid to contact them directly while i was in china. i communicated with them when i was in the u.s. electronically. in the did not want to go to china bring in trouble. i guess they are still around. and putting great risk to their own lives to raise awareness . including sipping is important is new information about covid-19 infections. in wuhan . star infarction a lot of the journalists have essentially been sent to prison for reporting on covid-19 . and throughout held in isolation . and the

they are live from him bones from china. but it's so piers that the countries that profit from china's goods are worried about competition when the southern route is finished usually iraq and when goods can also be imported through the greek quarter or sort of via serbia italy. that you want sometimes even a competition choice made by chinese investment is dangerous to us. that's the view shared by the serbian government who says it has a friendship of steel with china since the start of the coronavirus pandemic in early 2020 cooperation has expanded even more. but despite that the european union remains serbia's biggest financial backer serbia is on the fence trying to maximize its gains from both sides. when chinese aid arrived in serbia during the pandemic raging but on as much political spin as possible between the lines the message was clear china's success in combating the virus reflected the strengths of the chinese system. what it failed to mention was that the e.u. had paid to transport the aid from china to serbia.

china should in the dog house for what it did. it seems like china is in the white house instead. joining to us react, former secretary of state, mike pompeo. when you were in government, did you see any intelligence that indicated tedros and the w.h.o. had a financial incentive to some of the pedal whatever china did? >> there is no doubt that dr. tedros was china's hands picked leader for the world health organization. it was the politicization that got trump and the team to determine we need to leave the world health organization. killing tens of thousands of people here in the united states. destroying billions of dollars in wealth. he didn't do a thing to either prevent this from propagating, to hold china accountable when they clearly covered up what they knew in january 2020. jesse: when tedros flies to speak at peking university, i am sure you have some intelligence assets on the ground to give you a hint what transpired there. common sense tells you this guy is in the [inaudible] somehow. at this point do you believe people think now the w.h.o. said china is clean, no lab

it's china's make a project the new silk road a trade network between china and the rest of the world which could turn the old world order on its head. with j.c. . hugo goes our cave on the. south oceans it seems a good job you have a single. bite of a god to fight it. wasn't. china is investing in bridges poor. it's railway tracks and roads around the globe. over 70 nations are already part of the new silk road. europe sees the chinese as welcome investors the boards of paris has been under chinese ownership for several years and the chinese are now also showing interest interest in italy. you've got an up until it is of great importance for china again it's at the center of the mediterranean just of the kind of african on it and a strategic point for the new silk ramzan that viral and. he fish it the more the chinese and i get here a is the emerald of the mediterranean or my god it was revealed critics warn that china is using the new silk road to cement its power around the world and divide europe. when they say you make an economic agreement with a country that doesn't respect hum

for a 2nd and get your thoughts are they china is now that 80 years old largest trading partner china has passed the u.s. for the 1st time last year in foreign direct investment there are many china naysayers but the data just caves looking better and better for china we are thoughts on china they certainly have handled co-head crisis better than any other country and what i what i mean by that is that their g.d.p. is now bouncing back in a way that no other country is experiencing and i liken it to a post world war 2 era where the us kind of won that war there and their economy was intact and they became dominant the same psych china has won the covert war and that gives them a huge advantage going forward but what are your thoughts on china metz well what i mean china i discussed knew about 2 years ago listen china's massive problems in the world i mean news news newsies you know good starting in china obviously you know i don't know if you can trust their g.d.p. numbers man or they've got a very tight relationship with hunter biden with the money that was transferred onto biden's o

got my flame throwers ready to go right because we are talking to dan collins who's an expert on the china u.s. trade relationship this is a perfect time to discuss what we're going to be discussing here and that is the shortages and those crucial chip shortages a semiconductor is right us to explore immediate actions to address chip shortage says the nikkei and this was 1st squawk tweeting about it and they were talking about well you know there's loads of production shutting down for automobiles and things like that because there's an actual shortage of semiconductors i guess partly because of the supply shortages that are emerging due to covert restrictions at many manufacturers and on top of that we have a lot of demands because if you think about it t s m c is the biggest one of these that taiwan semiconductor manufacturing corporation and they are almost the sole provider to a 6 for the chips so there's a lot of demand from the between sector for these chips there's a lot of demand from the gaming sector which are all these kids locked down at home loads of people buying high tech eq

what is china's relationship with the military? >> china has interest in irma being stable. i would say she is right. they would be better off if there was a return to the nld government, so they would have an investment in that. on the other hand, china has a cautious approach, less aggressive and pushy than the united states. it already appears to be the case they were involved in negotiations between the nld and the military for a couple days before the event happened. china is interested, concerned, it will not push too hard, but it should be on the side of restoring the status quo. kim: what is your take on the role of china? >> i agree with both of our guests. china has a big role to play, a very complex and historical, economic relationship, they have a lot invested in myanmar. it is a big risk for china to side with the military. there is already a lot of anti-china sentiment in myanmar amongst civil society, and if they are seen as taking the side of the military, i think it is going to make the initiative much more challenging if there is a return to democracy. kim

it was what the western society caught the free china versus the communist china i can today and later on of course there is the narrative has become you know the democratic time and worry versus dictatorial c.e.c. let's face it i don't think there can be a wise and reasonable us policy biden policy towards i want a war zone controversy on human rights if there is not a new honest sufficient public understanding about this he issue and i'm afraid my friend that that's an. adverse to what is really going on in the public but you know michael you 9 know very i mean in the 1st days of the of they abided ministration american troops were moved out of iraq into syria i mean one of the 1st foreign policy moves they made ok it didn't even really make the headlines you had to really go to antiwar dot com or something like that to find that out so i mean what i'm kind of beating around the bush here is are we going to see a reset of the obama administration with some nuance taken over from the drumbeat ministration of the by the administration michael yes i think you're right on biden of course

, the western concept of democracy is not for china due to china's different cultural and historical experiences and any kind of discussion about democracy activism is u.s. propaganda. that seemed to be a widely believed concept most people have accepted so there's a small percentage of people even willing to take up this fight for a free china. >> i know they call them citizen journalists. we were reporting on covid-19. they've been jailed and received sentences for speaking up and telling the truth about covid. in the course of researching for this book and doing investigative journalism did you encounter these citizen journalists? >> i was too afraid to contact them directly. i communicated them when i was in the u.s. electronically because i didn't want to go to china and bring them trouble, but yes they are still around and they are putting great risk to their own lives to raise awareness to these issues including something as important as new information about covid infections. it's a very unfortunate a lot of the journalists have been sent to prison for reporting on covid. and

and china who are evermore lou. i think in terms of globalism technology and growing together yes it is always contention those issues there's arguments about intellectual property particularly as regards pharmaceuticals and technology but what the trump administration aspired to do was what they called decouple i mean this was a level of for ross a tea and a trade war that nobody welcomed or even anticipated i don't think the trumpet ministration tis better that they. china was one of their 1st targets and that was the when trump said oh trade wars are an easy win it's not going to be a problem or they don't expect retaliation that it expected to go on as long as it didn't get as as horrific horrible as it as it became so there's a lot of bad news coming out of the by administration but i have to say that this is one piece of good news it's it's reasons for optimism all we really need is a restoration of some kind of trade diplomacy and a little bit of peace the the trade war was devastating and it in intensified t

cell phones in china all it's already launched 05 g. is is 10 x. the speed of 4 g. the real 5 g.'s a nexus mean more g. so this is going to open up all types a new industry so the 1st countries they get they're going they're going to have the businesses ready and the applications built to run in a 5 g. world and we just are way behind for example you have what 5 see the possibilities for tele surgery right you can i was served in one city or in one country perform an operation on a patient in another country is in $500.00 to laugh in a and there's no late and say and of course that is. maybe just think about that in terms of what the possibilities are in terms of simultaneous synchronized logistics medicine but the u.s. is now lagging behind and in a huge way but i remember joe biden who any were for his comment when china was led into the world trade organization he said wait a minute if this fine because i'll never compete with us come on man they'll never compete with the u.s. and now he's running the show in washington to say what would it be fair to say that they're underesti

for example it's very close to china and china has very much closer relations to china and in a more direct sense than for example the us and europe graphically and demographically there's also a large chinese community in australia and however i think as china is seemingly more aggressive on the xi jinping in the pacific asia region. and now in the last few years wanting to kind of tighten also its policy against china and also impose tariffs and be more cautious and because they are more direct in contact with china and they feel more threatened and i think that but to their reactions from the region i think the you're up and the u.s. can now kind of look 1st and use australia as kind of a and this example of what would happen if. at the beginning of the show we have this quote from you where you said to us where there's a global no forward be willing to accept known western leadership was very intriguing to us a little bit more if i think that of course there's the debate washington's kind of putting forth that it's not about fighting china it's about fighting an authoritarian sta

and china. francesco parisi has decided on a partner to help trast expand not china but a european investor at the port of hamburg. he stresses that this is a purely economic calculation but he doesn't deny that political factors also played a role parisi remembers the cold war and is worried about any new confrontation. these calls rotation situationally the warri of another cold war. is there a method of closure for me personally and for my business in general it will not for me in general also as it is as a citizen of the european euro. we could see that international trade for sure a bridge we could see that to be helpful to. keep in mind a piece of the debate about the role europe will play in the trade war between the u.s. and china is nothing new and is not limited to the economy. the asparagus i hope to some european leadership because if not europe risks becoming the battlefields to china and the usa and europe can be the 3rd key player in the global arena i hope that's what europe deci

for example it's very close to china and china has very much closer relations to china in a more direct sense than for example the us and europe graphically and demographically there's also a large chinese community in australia and however i think as china is seemingly more aggressive on the xi jinping in the pacific asia region. and now in the last few years is wanting to kind of tighten also its policy against china and also impose tariffs and be more cautious and because they are more direct in contact with china and they feel more threatened and i think that but to the reactions from the region i think the you're up and the u.s. can now kind of look 1st and use australia as kind of a example of what would happen if. at the beginning of the show we have this quote from you where you said to us where they're doing bono for do willing to accept known western leadership or was very intriguing to us a little bit more is i think that of course there's the debate washington's kind of putting forth that it's not about fighting china it's about fighting an authoritarian state because i thin

yeah you know he talks about extreme competition being the driver between china and the united states the problem with that statement you know he said that the u.s. is going to be very tough because he mentioned specifically president geo over in china referring to president g. has been very tough and very bright but he also said this he says he does not have a democratic small d. bone in his body right and we all know that's absolutely true but the reality is what biden is talking about is competing with china and being competitive with china this is totally in agreement there but the problem is that biden did not talk about the issue of whether or not we can compete on a level playing field that has been the argument that's been made certainly was made over the last 4 years by the trump administration the former administration that was and how are they essentially were saying china does not have a level playing field with the rest of the world therefore we have to level the playing field in order to compete by didn't really talk about that the president this time did not say much ab

between philippines and china so. if there are few takers for an asian they know where george already mentioned it but i think it's really important here in a live look at how mainstream media the main broadsheets how they describe one bowls the under ball and ministrations you know over the last few decades that it's all it's very him bone it's all it's very value driven. i mean we just have a few days ago in the new york times to low octane writers talking about they have the west now it's the great. alliance against me and my democratic forces them china and russia and all that which all you know it sounds all nice and fine but that doesn't again go back to what no interest might not always point out to people the great alliance the defeated non-theism a very different players involved in the middle and they had one goal and they they achieved it history would turned out differently on that but you know he's constantly playing on his bow you know meeting you know hiding for gay rights in thailand recently when we'r

even though that's 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, and we can get into our conversation and question and answer period. looking to the future, i see four possible scenarios. first, further band wagoning with china. second, continued soft rivalry between the two powers as i described it, which can lead to competitive coexistence. third, the harder rivalry, porlarization of the region between the two major powers, and fourthly, kind of more neutral hedging on the part of acian. so ray mainow can put up that one slide i have foe where i see the region today. this slide is a snapshot of the present, 2020 as i see it. longest spectrum of where the countries fall in general terms of there orientation, and the book describes the metrics for this judgment. you'll see most of the countries, seven of ten on the chinese side of the neutral line. three, vietnam, singapore, philippines, on the american sites of the neutral line but even those three are not out towards t

china relationship or uk-china relationship or west and china relationship to have these things happening. connell: let me talk to you about that relationship more broadly now. as you know president biden had the first phone call with the chinese president xi xinping. apparently they spoke two hours. takes a long time to translate the conversation. they spent two hours on the phone. a lot of things came up. the comment the president made that china eating our lunch. talking about infrastructure spending whereas in the past he was referring that couldn't happen overall, what do you make of, whether president biden is going to shift from what we saw during the trump administration or maybe continue some of these policies? you know brought up taiwan, for example as a big concern? >> so i think this is a question that china watchers have been monitoring very closely and everybody wants to know the definitive answer to this. connell, i guess i would say the signal that we've gotten from president biden and bide administration, biden team since the election, since before the election and the ca

-china relations since the opening to china in the nixon administration. do you think there is a new atmosphere in washington, or does it feel to you more like the biden administration is continuing some of donald trump's hardline policies? >> well, fareed, i think about a few basic things here. so let me try to make my points one by one. first of all, china's development, china's growth has been made possible by the hard work of the chinese people in our more than 40 years of reform. this is a historical fact. to say otherwise is against the facts and certainly not fair to the chinese people. internationally, china always stands for the basic norms coming in international relations as embodied in the purposes and principles of the united nations charter. we will always support multilateral institutions, the international system centered on the united nations, including, for instance, w.h.o., w.t.o. and a number of others. and we already contribute more troops than other members of the security council to the un peacekeeping operations. we're already contr

president biden is indicating a new era in relations when china -- with china. saying the two superpowers are in steep competition but no conflict. he says there is no particular reason why he has had to speak to see jinping but says that there has not been time yet -- to speak to see jinping. but says he is not had time yet. virus infections in the u.s. continue to slow. a new study warns that further surges of the more transmissible variant will likely become the dominant strain. president biden says it's unlikely that the country will achieve herd immunity due to a shortfall of vaccine delivers. even though schools reopen only under certain circumstances. president -- president biden: you have to have fewer people in the classroom and ventilation systems that have been reworked. rcd's acting commissioner is going to come out with science-based judgment within as early as wednesday. as to what the minimum requirements are. >> global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countri

one, china through the project, china has made itself a great power. china has become more significant to more countries in the world while america has become less significant to more countries. and i would say that to give you kind of an example. the european union operates on the basis of unanimity. tsome of the european union is going to announce a politics position, all of the members of the european union have to vote for it . china has essentially bought part of a place in greece. and is building this rail from hungary of two serbia. and it was preparing to buy the major electric power generator in portugal. when china does these things, and effectively makes it very difficult for e.u. to make a united statement. so politically it's given china in norma's power globally. it and the same time, it creates a lot of jobs in china. in the equipment is the being exported to build all of these facilities. and that then changes the trade lane and distribution of supply chains in china's favor. so think it is been very successful trip for china. i'm sorry

commerce between china and the e.u. is projected to increase at the close of last year the 2 reached a new trade deal but many economists say caution is still needed even as economic ties become stronger. china is still discriminating against foreign companies in the awarding of contracts stealing intellectual property and copying products. for more i'm joined now by bantling here he is member of the european parliament and chair of part the parliament's trade committee from the socialist and democrats group so it's good to have you with us before we talk a little bit about china relations 1st of all why does the european union need a new trade strategy to start off with. well one k. yes i think it's certainly clear the old sessions trade policy so just cutting down the terrorists and the. trade barriers is not separate should to the. face of this climate change is fired laxness inability so european union has big. trouble it is a trade policy and he should use it in a hallway and that's how it's very important to her y

know mine so and actually the relationship between the nazi government and china has been wont so china has as much interest as a resume to restore democracy so this that this we cannot you know isolate and say that you know they could do you trade the that the process if it is in the un security council they could walk behind the toss all the advantage of china as they could talk to the armed forces they need minority forces as well so china has a. rather quite a lot of leverage inside the country ok michael shaadi do you agree with that is china as interested as the rest of the world in the restoration of democracy or what is china's relationship with the military being like in myanmar. china has an interest in burma being stable that depends on how they calculate the relationships between different groups i would probably would say that probably therapies right they they would be better off if there was if if there was a return that they had all the government so they would they would have an investor that on the other hand china has a more cautious approach to a state or so it will

going to stick by their values and china recovered in a v. shape economy professor wolf in your opinion what's the takeaway from this are are you seeing what hillary seeing here or something else. no i see a long term trend i suspect we agree about that even if the details vary i think americans particularly at got to understand that the chinese economy is of our how they handle risk coded way better than the united states they have avoided the economic catastrophe that we have here accompanying that they are moving quickly they already were a growing power they've grown sastre than the united states for the last 25 years the europeans are dealing with a rising power over there and a declining power here and however uncomfortable and upset that makes people it's partly because we haven't been willing to face it before this new agreement is another step just like this week announcing by tesla and general motors that they're building a $5000.00 electric vehicle in china for export to the world or hollywood's announcement that they now depend on

so the rise of china you know adapted to the price of china by doing a vast amount of business in china and because you need to expand there and vote with their feet as an asshole for example opening a big plant in in her not in and now the latest test slope into a manufacturing plant in shanghai. citibank is expanding its business including derivatives you know i think it's j.p. morgan recently ordered open derbez trading in china you know american business loves china american government doesn't necessarily but a large portion of america that job when he comedy don't you know why because the government doesn't because then it finds someone it gets off the hook by blaming someone else gentlemen that's all the time we have you want to think like us in washington basking rich and in beijing and i want to thank our viewers for watching us iraqis the next time remember crossed. i might. show somebody an accident where a car goes through a i kneel sign at the intersection. suggest to the witness said they saw us down side instead of the eels sign. in these experiments many will adopt this s

morgan recently ordered open derbez trading in china you know american business loves china. american government doesn't necessarily put a large portion of american banjo in the comedy don't you know why because the government doesn't because they need it fine so much it gets off the hook by blaming someone else gentlemen that's all the time we have you want to thank my guest in washington basking rich and in beijing and i want to thank our viewers for watching us here are to see you next time remember. because there's a survival guide book stacie just to start to. be sure it's going to get him back. oh heck no. repatriations look at the rest of 70 years. bill of the separate kaiser report. seems wrong but i. just don't. get to see palin just days after. and in detroit because the trail. when so many find themselves worlds apart we choose to look for common ground. joe biden say's diplomacy is back while using his 1st major foreign policy speech to lash out at russia promising a tough line against the kremlin. popular video sharing network kicks off there's little local child

it's a much more much softer approach you know china is a competitor. and what yes it does talk about on car on the ins on the best i don't place china as just a competitor of the at the moment and you don't think it's really interesting here is that it seems to me and you and i have known about this many times and has russia this is this is russia gate absolutely leading into boerum policy because he's and this is a domestic issue in the united states mint and then with china will you have the n.b.a. and you have disney and it's so much more complicated because his comments about china where i mean not just buzzy it was muddled i mean i really didn't know what kind you. want to make me go back to market but this is an administration that is nick's listed lead time russia and china to gather as competitors adversaries even enemies in the case of russia this is something and an incoming administration has never done before go ahead yes i mean the sudden a big contrast with the time of obama is of course there is no cause for the reset so there's nothing

toward china well it's yeah i mean it's hard to say i mean there's nothing that china doesn't know basically i mean there are so many people in so many sensitive positions if you go you know most of the ph d.'s we graduate are from china or india so we stop producing a lot of p.g. candidates and things like mathematics and physics you know we basically import students for those programs so they're everywhere in high sensitive areas and i think only the last year or so that. us f.b.i. place like this you're starting to look at this chain has a confucius institutes that were set up at most campuses and united states united states is putting in action against those interest she quietly issued a u.s. law at the deal it's only 4. men around don't see many russians stand and stare but the cats another story ok so the u.s. dollar turns 50 in august doesn't live all the way to that 50th anniversary what are what are china's plans post dollars. post dollar i think you know it's a free chip right now the united states is a free rider on the global trade system right we print stuff and we get stuff for

writing about china. i think that needs to happen. in terms of a possible reset, i do think that we are going to see some nice words on both sides. i think it's likely that the biden administration will take a much less sort of i would almost call aggressive approach that we've seen under the trump administration. i guess biden said yesterday in a "new york times" interview that he's not going to immediately lift the tariffs that trump has imposed but it wouldn't surprise me if those are downplayed or eventually lifted. some of the technology restrictions that haven't actually necessary been instituted anyway but the trump administration has announced a ban on tiktok, for example, which they keep giving them one more week. hasn't actually happen. it's even less likely that those bands will be carried out so that's all good i think. i do think, this is an important point in my mind, what we've seen an election in just one of these two capitals, right, it washington, and i think in beijing we have seen it m

for example it's very close to china and china has very much closer relations to china and in a more direct sense than for example the us and europe graphically and demographically there's also a large chinese community in australia and however i think as china is seemingly more aggressive on the xi jinping in the pacific asia region stradley and now in the last few years wanting to kind of tighten also its policy against china and also impose tariffs and be more cautious and because they are more direct in contact with china and they feel more threatened and i think that but to the reactions from the region i think the you're up and the u.s. can now kind of look 1st and use australia as kind of a and this example of what would happen if. at the beginning of the show we have this quote from you where you served us where they're global no 4 do willing to accept known western leadership roles very intriguing to us a little bit more if i think that of course there's the washington's kind of putting forth that it's not about fighting china it's about fighting an authoritarian state becau

and china. francesco parisi has decided on a partner to help trust expand not china but a european investor the port of hamburg. he stresses that this is a purely economic calculation but he doesn't deny that political factors also played a role or easy remembers the cold war and is worried about any new confrontation. these cultural situation with the war another cold war. to me as a matter of concern for me personally and for my business in general your love for me in general also as a as a as a citizen of the utopian you're. we can see that international trade for sure a bridge we could see that to be helpful to. keep in mind a piece of the debate about the role europe will play in the trade war between the u.s. and china is nothing new and is not limited to the economy. i just battle to i hope to some european leadership because if not europe risks becoming the battlefields to china and the usa and europe can be the 3rd key player in the global arena i hope that's what europe decides to do t