the overhang of the china- u.s. relationship? >>gsx is such a unique example. hopefully it is not representative of chinese adrs. it is such a rare situation where so many different independent research firms look at a company in such a great detail. so much online tracking, etc. and everyone reach the same conclusion, that is that the company is mostly fraud. the financials are likely to be greatly exaggerated. students and teachers and certificates are likely to be fake. it is a truly sad story. nowadays in china -- you have a new business coming to the u.s. with billions of dollars of market cap by a fraudulent business. it is beyond comprehension that a sophisticated -- that any institutional investor will possibly look at this company from the long side and get involved. we spent roughly 1000 hours looking into companies and talking to tutors and x employees and students and parents. nothing we found that can prove it is a real business. it is astonishing. >> jail born capital founder and ceo -- j: warren capit

north korea is a concern but it's a different kettle of fish if you like to compare to china with china what we're seeing is an expansion of its military orbits political and claims over the south china sea which a graphical claims if you like expressed in military terms by the occupation and the construction of artificial island in the occupation off island with military assets and that's causing a direct concern to a lot of states within the asia pacific particularly countries in the around the south china sea southeast asian countries like vietnam in particular philippines and what's happening here is that they're trying to secure the few lines of communication for this is expressed in terms of the modernization and expansion of naval assets quite naturally so in order to secure these maritime waterways from scenarios in which they could be altercations with chinese national battle or naval and commercial in nature which could lead to an inadvertent escalation between partners so that that's really a significant concern and defense commitment and investment are our channel towards th

when joe biden sa s, china and... when joe biden says. i'm — china and... when joe biden says. i'm not _ china and... when joe biden says, i'm not going - china and... when joe biden says, i'm not going to - china and... when joe biden says, i'm not going to let. says, i'm not going to let china eat our lunch and the implication of that is that the us is going to disengage from china and compete very aggressively against china in different parts of the road economy, do you think he may be making a mistake, a self harming mistake?- making a mistake, a self harming mistake? making a mistake, a self harmin: mistake? , , harming mistake? the problem is that china is _ harming mistake? the problem is that china is also _ harming mistake? the problem is that china is also is _ harming mistake? the problem is that china is also is making - that china is also is making her lunch and they make a lot of what we consume and the intermediate products, we are where we are and it's not an easy situation to get out of and i think obviously will be desirable to find a more

to someone in china. it's been decades since the fall of spain's fascist regime but old wounds still haven't healed if you're going into the bottom 3 and that's. because only from your . own freedom are the people we supposed. to meet in the 1st of the 6 me new order that i'm interested. seen cause me to you know. from their mothers and given away and forced adoption. to this day mothers still search for grown children. for their parents. the world is driven by a dream shaped by one person. here to ask. and interesting week in the crypto world as big court has retreated from its all time highs a theory it has risen once again and the hottest crypto on the internet. didn't do as well on joe's day as investors had hoped for the break it all down with co-host juan and jeffrey tucker editorial director of the american institute for economic research geoffrey let's start with you what happened with bitcoin and why has the price retreated from the all time highs by about $10000.00. because those highs in riddic

haslinda: china coal anchor -- china markets coanchor tom mackenzie. tuesday we get the latest read on u.s. inflation never's and stay tuned for insight from policymakers next. this is bloomberg. ♪ >> this growth we are expecting the second half of this year will be very strong. >> i think there will be more inflation in 2021 then in recent years. >> headline inflation will likely move above 2%. >> we know there's going to be a price surge this year. >> i am bullish on the rebound but we have a long way to go. >> we want to re-center inflation expectations at 2%. >> we expect in our baseline most of that to be transitory, and for inflation to return either this year to around 2%. >> we want inflation to average 2% over time and when we get that is when we will raise interest rates. haslinda: fed officials reiterating commitment to 2% inflation ahead of the big u.s. cpi. and boston fed president joined the fray same policymakers should be humble about the level of confidence in inflation, and said there risks to both overshooting and undershooting the

with renewed purpose to be china could it take in china. that the threat of climate change and combat the threat of china are saving the pain of watching it basically goes on like that some of called the quad the asian nato we say officially denied because it is not a minute to alliance for the 1st time canada is participating in a joint exercise in the pacific ocean with the nations decries the one. definitely not a military alliance as ever though bear self-interest is likely to be the main enemy of this group they 1st got together back in 2004 to respond to the boxing day tsunami when they tried to go steady off towards. make it all a bit more fish or they realized it wasn't going to work because none of them really wanted to annoy china. now almost 15 years after they gave up on the court in the 1st place they're back and they realize they do want to know with china now because the us is scared of being used as the global bully indios just have a border clash with china literally with sticks and australia is facing economic sanctions fr

in china, csi 300 fluctuating since that data dump in china. you want to look at quarter on quarter numbers, and we see weakness when it comes to the yuan. relatively unchanged on the currency. strong retail sales was the standout number, the positive aspect rising 34.2% from a year ago as gdp climbed a record 18.3% in the first quarter. that is on an annual basis. the monthly picture tells a different story with growth momentum slowing down. soaring debt levels have put beijing's policy makers on guard. we will be looking at global markets across the board. in europe, france is the latest country to record more than 100,000 deaths due to covid-19. a humbling moment for president macron, who refused to lock down the country for a third time in january, choosing to tighten covid hotspots. there are growing concerns among policymakers over the delay to the next generation eu recovery fund. >> i'm deeply concerned by the delay and implementation of the recovery plan. >> in the last 10 years we must realize we had periods of underinvestment in most

china and the u.s. are still the world's top polluters, as global amateurs rise past critical levels. both countries are setting critical goals. will climate change turn them into unlikely allies, or create another point of tension? >> china has an ambitious goal. while it currently accounts for one third of global emissions, president xi alleged china will be carbon neutral by 2060. beijing plans to slow commissions growth, hitting a peak by 2030 by boosting nonfossil fuel sources and green tech, reducing pollution, and pushing to quote, electrify everything, while hooking more industries up to carbon-free energy. not to be outdone, u.s. president biden is aiming to beat china by a decade. he wants zero emissions by 2050, and an emissions-free electric grid in 15 years. both countries have picked key paris accord figures to lead their effective strategies. he has a record of deals with the u.s., while john kerry initially took a beijing a swipe -- took a swipe at beijing's plans, he now says he hopes t

that puts china in notice. if china builds, it will go against the treaty. rishaad: justice, thank you. a former philippine supreme court justice joining us. japan's premised are wanting to build a trusting relationship with the u.s.. and becomes the first foreign leader to meet joe biden in person to read china will be a prime focus as they discuss issues ranging from human rights to taiwan. they both plan to issue a statement in the situation and the taiwan strait. as well as announcing a 2 billion-dollar initiative on 5g technology. it is all about striking the right balance and that is the crucial part. have to take a break. taking a look at some of our top stories. ♪ rishaad: ge saying it is going to use its unit take on tech giants like apple who also have big ambitions in the electric car market. we spoke exclusively to bloomberg. >> it was spun off from geely to become a new company. products, teams, organizations, are no different than any other tech or internet company. >> how much of a threat do you see from the likes of wally and apple -- huawe

what is china's commitment? china has committed to net zero carbon emission by 2060 and reduce emissions by 60% by 2050. for china, the plan is actually very detailed. they have a step—by—step how to do that own transportation, industry and consumer site. so i think that in terms of china, i think that in terms of china, i don't think —— i don't worry about the plan. i worry more about the plan. i worry more about others that come out without a plan to achieve that. in terms of what it means for china, just talking about the practical side, china, just talking about the practicalside, it china, just talking about the practical side, it will have to close down nearly 600 coal—fired power plants to meet these climate changes. it is currently running over 1000 coal plants. more than half of the world's capacity. do you think china will deliver on its commitment and its promise to meet net zero by 2050. it sounds like a long time away but it is a huge challenge to meet that target.— but it is a huge chal

let's go out to see more on this story in china we have talked about this in china. china is the first to experiment with the yuan. they are more ambitious with the rollout. what more can you tell us? >> reporter: julianna, i was talking to the governor of the pboc we discussed the digital project which began back in 2014 it is very much focused on replacing the cash and coins in circulation and focused on retail payments on consumers there have been a number of projects now the pboc is looking to expand and hoping to allow foreign visitors at the beijing 2020 olympics to use this. in the discussion, you have to bring up the current digital currency like bitcoin and others we discussed that now. china cracked down hard on bitcoin in 2017. banning trieading. in the course of that discussion, it seems like the pboc is having a little bit of a change of thought around bitcoin. i asked if the pboc is considering change any of the tough regulation around bitcoin. let's listen to what he had to say. >> the main role for cryptocurrency assets going forward. as the investmen

china said the u.s. was responsible for the world not setting targets set by the paris agreement in 2015. president biden is trying to establish the u.s. as a leader on global climate action. it will be all about china today when president biden meets with japan's prime minister. this will be the president's first in-person meeting with a foreign leader since taking office. china shadow will loom large almost every topic. the two are expected to discuss human rights, taiwan, and supply chains, amongst many other issues. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. alix: retail traders could be back, or maybe they never went away. a new report from jp morgan found the options trading has bounced back following a dip in march. who is driving that? do it yourself investors. it is not just the u.s. in the stocks on reddit or on robinhood. it is across the globe. poland is seein

and china really turned sour. not least because of president trump's withdrawal from the paris agreement the sort of return of the u.s. to the multilateral system with the return to paris is an opportunity to heal some of those wounds between the u.s. and china and to rebuild a working relationship on climate and that we need in order to get to 1.5 degrees as a sort of jointly agree to paris but i think it's going to be a difficult road i don't think that we're going to immediately see the kinds of warm relationship that might have existed in 2015 come back the geopolitics of that relationship more difficult than ever but i do think that there is a possibility to carve up an area of common interest in essentially the existential risk posed by climate change and the national self interest of both the united states and china in the carbonite in the their economies it's an opportunity as you say but perhaps the only area that both countries need to agree on at the moment because every journey has its. scrapes but i w

and china. did the u.s. jobs report friday, more created, today it increase your bullishness? >> i would say it is a positive catalyst, of course. if you have been bullish, march was a tough month but now that we are heading into the second quarter earnings season, also we will get the second-quarter economic releases from, particularly from china, i think we are heading for a very positive start to the second-quarter. so i would not say it is our increased are bullishness but it confirm the case, which was we had to hold on during a tough march. kathleen: so if you are going to stay in equities and try to add to your position, what would you go into? you like tech a lot of people are cautious because and has been purchased so much and gone up so much, or, particularly if you look at china, because of the concern about the government tapping down on tech companies more -- tamping down on tech companies more? >> certainly in tech in particular we need to be selective. we like some sectors within

on t.w. . 18.3 percent that's china's g.d.p. growth for the 1st quarter it marks the biggest jump since china began its quarterly valuation some 30 years ago we get some analysis from our correspondents also coming up japanese fishermen are frustrated by tokyo's decision to release treated water from the fukushima nuclear power plant into the sea they fear it will scare away bias the government says the water is safe. and university students in brazil are struggling to make ends meet amid the pandemic instead of getting a degree many are forced to do needlework studies in ruins. business i want to go jones and berlin good to have you with us. china's economy grew a record 18.3 percent in the 1st quarter of 2021 that compared to the same quarter last year and that's according to the country's national bureau of statistics it's the biggest jump in g.d.p. since china started keeping quarterly records in 1992 the bigger however is heavily skewed as the surge in growth comes off a contraction in the 1st quarter of last year when the

., china? i think it is very important. i think with _ china? i think it is very important. | think with the _ china? i think it is very important. i think with the summit _ china? i think it is very important. i think with the summit is - china? i think it is very important. i think with the summit is also - i think with the summit is also going to reveal to us is how closely allied are these parties or these allies when it comes to the china challenge. just a few weeks ago, with the foreign ministers in the defence ministers of the united states and japan issued a statement where japan directly calls out chinese behaviour that undermines international order, this is new. it's also a reference to stability in the taiwan strait we want to see whether there confirmation that there is calling out of chinese behaviour will be a part of the diplomatic speak between these two countries. the diplomatic speak between these two countries. , ., , ., countries. the self-governing island claim by mainland _ countries. the self-governing island claim by mai

so let's move to china. china is expected to surpass the u.s. as the world's biggest economy i 2028. china is gaining on u.s. and military power as i'm sure you know. do you believe that a military conflict with china is inevitable? >> i don't. i don't believe it's inevitable and i think the key aspect of the united states ensuring it does not become inevitable is demonstrating the credibility and will on the military side where we sit at dod tooth for any such effort that would violate direct u.s. interest. that of course will be only -- overall nationals could approach. that is diplomacy led. so there are lots of other areas in which the united states and china will contest the rules of the national road in the economic sphere and other spheres. also opportunities for cooperation that help to build, away from conflict. but in military realm i think what we can do is, first, sure we understand installation patterns and try to avoid unnecessary escalations. but at the same time, secondly, demonstrate that will and credibility to deter aggression

ofwh china's capabilities. assurance of allies. at a time when many allies are questioning whether america is o willing to play its traditional role in the world, is it willing to defend allies, if we start cutting back the nuclear arsenal that's meant to defend the s entire free world, we're going to exacerbate their fears and that's just not me saying that, that's something i've heard froa allies. we want a hedge against an uncertain future, is something the npr says. russia and china are expanding the size of their arsenals. new start put in tomorrow, if russia decided to pull out. so we need to think about that. having icbms does give us that hedge, it would allow us to increase the size of our arsenal if we wanted to, and achieve our objectives. the primary purpose of nuclear weapons is to deter. the enemy gets a vote. if russia or china decided to he attack, we would want to achieve our objectives, and icbms helps us to do that, helps us to limit damage. cutting clearicbms, cutting the number of icbms mea

and china forcing public opinion. the logic also -- offers a re-think of counterproductive policy and chinese officials appear to be prioritizing a show of strength over global public opinion. thanks for joining us. this is it, isn't it? a lot of noise being made in beijing is not really for global consumption, is it? it is down to really domestic -- actually, domestic popularity, if you will. >> that is absolutely right. we are hearing so regularly now about this kind of fiery rhetoric. china really doubling down on criticism and essentially threatening companies, saying they will have to use these companies or products coming from the region to retain access into the market. this is useful for domestic public support and stirs up nationalism in a way that the party enjoys, but we have seen public opinion around the world really souring toward china. rishaad: you said in essence we have a situation leaving western corporate in an invidious position, doesn't it? >> is it's really such a challenge. over the last two de

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

china is seen reporting

to be china free and open it close it and help the unless you china. to be china i constrain course power china committing to addressing the world's defining challenge the rise of china moment of crisis something. to be china. and china. about the threat of climate change and combat the threat of. china i'll save you the pain of watching you basically goes on like that some of the quad the asian nato we say 50 deny because it is not a minute to your lines for the 1st time canada is participating in a joint exercise in the pacific ocean with the nations to rise of the. sea definitely not a military alliance as ever though bear self-interest is likely to be the main enemy of this group they 1st got together back in 2004 to respond to the boxing day tsunami when they tried to go steady off the words and make it all a bit more official they realized it wasn't going to work because none of them really wanted to annoy china. now almost 15 years after they gave up on the cord in the 1st place their back and they realize they do want to annoy china now because

china's number two. russia's not in the top ten. in fact, my home state of texas has a larger economy than russia does. but russia is focused less on the quantitative and more on the qualitative. and unfortunately for us, they may have a more limited tool -- tool kit, if you will, but where they use it they are effective and for some cases more dangerous than the chinese are. give you an example -- one area, you know, china has a hard time in -- they can't get in a race with us where economically or with china they have to compete. but what they're doing, for instance, in places like space, you know, they're focusing on hypersonics and the kinds of weapons that can target our satellites and our vulnerabilities there. they're looking to get the most bang for the buck, if you will. and they're very good at it. and the other thing that russia has going for it is -- is putin is probably the most dangerous world leader there is. and because putin has less accountability than even president xi has. china is unified in a way that they're g

could be a major tailwind for the future globalization of china's currency 1st china will probably want to do to r. and b. was trading partners which would then help to listen status as a political settlement currency and once that becomes the norm it's likely that the army preserves the could further rise as the world further deep dollar rises and analysts or past that share among the reserve currencies may reach about 5 percent by the end of 2025 and this would imply a demand of over $300000000000.00 or the arm b. and meanwhile the flipside u.s. trade policy could lead to more a dollar i think specially in the middle east and russia under the guise of national security trump apparently made a global mess of things lobbying on unilateral sanctions on iran and got so in general competition it's very good and finally there's a challenger now to the u.s. diesel other countries can actually choose what to use and so really it really is the end of the u.s. is ability to unilaterally call all the shots. create inside as always on a lot of stake here with a lot of moving parts christiane than

where you look at you know china's future returns what china is becoming how it's growing what it's going to be china was getting a premium on its power today how would you advise a government like the by the administration to turn that around. no 1st 1st i do think it's very important on one side not on don't underestimate american power i really didn't i didn't personally i do believe that the us keep main to the 1st power in the world photo coming to gates you know there are so many assets in this country so when you've got so much creativity you know from the universities to the business community. and the 2nd advice would be not overestimate china you know where i do believe that right now people are all making china a sort of a monster you know we should and could meet any mistakes which we don't face any problem actually china has its own problems 1st a demographic disaster you know china is moving east going forward to move demographic transition in 20 years that we went for in one century there are social problems under-resourced chinese austere living you know not just pov

china relations will still remain rocky for the foreseeable future and the market counter that china appears to be pursuing a 3 pronged me in term strategy so 1st they want to continue maintaining a non hostile external environment and then focus on domestic priority meanwhile they will continue to reduce dependence on america and also continue to expand the reach of chinese influence over c. so in particular beijing has been allocating a huge amount of capital to push china down the path of technology in that so domestic development is now focused on things like semiconductors as we talked a lot about ai biotech aerospace etc and also faced with the prospect of being cut off or having curtailed access to american supply chains chinese leaders have also pushed to diversify their economic relationships with other nations and also to strengthen the sufficiency so china's rising living standards have fueled the external demand for commodities as well as things like a lot of luxury goods and other sectors so this demand has made trading partners that specialize in these industries more d

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

diplomats diplomatically tell the people's republic of china the p.r.c. to back off our commitment to taiwan is rock solid we've of course taken note. with great concern the pattern of ongoing p.r.c. efforts in attempts to intimidate in the region including in the context of taiwan taiwan will likely be a major part of prime minister sukkos talks with president biden in addition to the topic of what to do about china's disputed and military backed claims over islands that japan claims in the east china sea. because that is the true under no country can protect its peace and security by itself amid such a complicated environment with the us and cooperation among allies and friendly nations is essential to what it can get the debt in just as japan needs assistance from the likes of the united states the u.s. needs to maintain japan as a strong ally. japan is course the world's 3rd largest economy the most powerful democracy in asia and a critical advanced technology partner with whom the united states going to be looking to both you know deter china from th

and china the u.s. commerce department announcing these 7 chinese supercomputer developer companies are now on the export blacklist this move now bans american companies from exporting technology to the groups without a license so why are they banned and a statement made by the u.s. commerce department quote the 7 added to the entity list were involved with building supercomputers used by china's military actors its destabilizing military modernization efforts and or weapons of mass destruction programs the relevant personages on the u.s. side should abandon the cold war game in 0 sum thinking friday china fired back at the move saying the us should treat china u.s. relations objectively and rationally and do more things that are conducive to the healthy and stable development of china u.s. relations many would die out containment and suppression by the united states cannot stop the pace of china's scientific and technological progress only strengthen china's determination and will to innovate independe

china obviously we can't compete with china when they can huge they can put huge tariffs on our goods but we can't do the same according to w t o rules and that can tell in effect create is like a reserve now that the resource curse so you don't need it like why go through the cost and effort of of manufacturing when you could just print money and give it to the elite 1st and then it might trickle down to the people in the middle of the country and yes i small type level to focus on the moral ambiguity of the central planners on the money printers. and so to keep somebody who's the c.e.o. of a wall street bank employed during a downturn in the an economy where they would have been fired or their bank would have gone out of business that would be a normal business cycle but the money printing has kept these insolvent institutions going and kept their c.e.o.'s being pay tens of millions or $100000000.00 or more so for every c.e.o. of a wall street bank that because of the moral and babylon so the central planners the central bank that your own pal. that means a 1000000 unemployed men an

or china's technology brings serious surveillance risks but china is condemning the u.s. for declaring beijing has committed genocide against weaker muslims and other minorities in the western region an associated press investigation released its findings in june uncovering the chinese government was forcing birth control measures on ethnic minorities including i.u.d. fittings contraceptives and even abortions and sterilizations but according to china's foreign ministry spokesperson the allegation it's a false may phone to you could be a fact based on the lies and false information of the individual and say china forces the us side has the clear the genocide exists in china's chain young which is the most preposterous lie of the century it caused a serious affront and it insulted the chinese people and wantonly trampled on the international law and basic norms governing international relations the added sanctions and trade restrictions are reportedly leading china to get the upper hand on taiwan's technology and talent from its local semiconductor industry as taiwan force

or sun troll bank back digital currency by china. well this is something that we've talked a lot about before china's been developing this c.b.d. for a few years now ever since 2014 so it's really nothing new in terms of how it works from a user's point of view it's very similar to existing commercial digital payment methods in china ali pay or we try to pay to join us for the fun generate the q.r. code that can then be scanned by the source payment terminal and the digital army is designed to replace circulating cash that's a quaint and bang so for my government employment what you said was absolutely correct that digital rb will get policymakers greater visibility into how money flows around the monitor around the economy and also to allow them to experiment with targeted monetary policy interventions for specific economic classes regions or groups and while all that down while and good it also means that the government will be able to see exactly how you spend your money when where and how much making the block the civic transacti

china is said to be considering a plan to support china huarong. sources tell us the pboc may appeal more than $15 billion of huarong's assets to help clean up its balance sheet and refocus on its core business. it's also said to be in the process of transferring distressed assets into a separate offshore entity. haidi: coming up, more analysis on the markets. that is it for "bloomberg daybreak: asia." market coverage continues to look ahead to the open of trading. bloomberg markets china open is next. this is bloomberg. ♪ (announcer) back pain hurts. you can spend thousands and still not relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. david: this is my kitchen table and also m

it is 5% of china's population but 13% of the population of china. the population is growing and it is going to be very important in disposable income and marketplace value. 70 million people is exactly like south korea, so a big market and younger audience. do you get the sense you are under invested >>? does 30 billion -- >> do you get the sense you are under invested? >> we keep incrementally adding more, but the most important thing is to find the right location. we are focused on quality land, so we don't want a bidding war with our peers. we want to find a good location and to provide quality services. >> you mentioned triple digit growth in china last year. is that a rate of growth that realistically we can expect over the next five years. >> our guidance for growth is double-digit growth. we are bringing 24 klm projects and next five years and double digits for the contracts themselves for -- so we are very optimistic about the greater bay area and china as a whole. >> is a closer to 11 or 99 -- is it closer to 11 or 99? what with the revenue

china russia or on the other europe's biggest trading partner is not china lot of united states it was a taker by that because of the sordid belt that i was describing with traders and trucks coming in with goods from china to europe the price of the earth and so we are or. europe is in a very difficult position of trying to sort of. position itself and it needs of course investment and it needs trade ok well i mean if we can i just say if we discount. what comes out the b.b.c. about syria and us stations and every nato nation really one might argue that a syrian family maybe on the outskirts of a glib is going to be thinking you know we have a 70 percent extreme poverty in syria 60 percent unemployment. they reported the rebranding of isis and al-qaeda are in syria to kick off another war in syria it couldn't come too soon help from powers like china and russia and this with iran even while why are they being so-so. not trying to not being slow i mean but the fact is that the united states and europe as sanctioned any effort to reconstruct syria and i mean let's be clear we're not tal

a mere might is in china's arms even without this military coup it would be closely connected to china but the problem is what else could we do we could condemn it equips to step through sanctions and this leads us to this old and familiar debate about sanctions sanctions do have effects yes but most of the time as we can see in russia and in many other cases they do not have the intended effects they are created for so i would have my doubts whether strong words from western countries even military economic sanctions would really change the behavior of this brutal military regime in the end it will be up to the people of myanmar they take the courage to do the streets they risk their lives they don't need only start strong words they would need anything else but this is what we do not supplied to them they are getting. rhetorical support but that's it in the end that has been the case in the past and look unfortunately it will happen this time as well. and i was schneider political scientist at berlin's free university speaking earlier today w. news meanwhile in germany you corner vir