i mean, because they rely on beijing for the cheapest exports and times like this. well, i entirely agree with the premise your question. is it a sensible thing that decouple, given the price is earning higher susan higher? wouldn't you want to maintain those relationships and keep prices commodities, and manufactures? because as low as possible? absolutely, i think the assume the rational thing to do, however, my own experience, i realize that sometimes people don't do the rational thing and i'm not sure we can count on true by and do the right thing. perhaps one is exhausted, all the other possibilities for come enter, but i don't see i'm not terribly optimistic that i think we might see at the trade will break out between the u. s. and china just at the very worst moment. and now christy, before we go, where are you seeing this trade war and to kind of octavio is point, where were you seeing that going here in the next 6 months, up to 4 years of the vitamin ministration? well as well by ministration. they seem to be less more so defensive, less offensive, like wh

our reporter is in beijing tracking this story. lucille, first of all, the timeline, walk us through it. reporter: that's right. the public basically came to learn about this incident over the weekend. the female employee involved alleges this is something that happened almost two. weeks ago she was unsatisfied with how executives handled the situation and took to the company internet to publish an 8000 page long account of everything that happened to her including allegations of going on this work tricked then being pressured to drink than being sexually assaulted by a client as well as her boss. -- then being sexually assaulted by a client as well as her boss. dani: what happens next? reporter: we are watching to see what -- if there will be a criminal conviction in this case. we have a lot of awareness raising. for example, lawyers going on the internet saying, what are you culpable for if you witnessed something like this happening? manus: what does it mean for the broader #metoo movement in china? reporter: the #metoo movement

now. beijing denies that these cases all linked. but the canadian government has described schellenberg death sentence as arbitrary . and it's really important to look here at the timing as well. schellenberg was arrested 1st in 2014, but in 2018. he was initially sentenced to 15 years in prison, but shortly after among wanders rest, he was hurriedly re trials. and then we saw the subsequent change in his sentence to execution. leonor messy has touched down in france after agreeing a deal with paris, sandra men, former barcelona football star wave to the fans. they had gathered to greet him at the airport. he made the journey from spain with his wife and 3 children being reported, he's agreed to you deal with an option to extend to 2024. ah, it says i just did get around them. now at the top stories, the governor of new york state, andrew cuomo has just resigned. in the past 20 minutes, he had been under intense pressure. after the states attorney general alleged he had sexually harassed multiple women call denies the charges, but a

but maybe they should be turning more towards beijing or at least heating. what aging sees as the line or the direction that the asia pacific region should go in. and at the very least thing, twice before. antagonizing beijing. ok. katrina you there. bring in the view from china. thank you very much indeed. katrina yes. vice president come. harris is in singapore. to reaffirm washington lines is in the asia pacific region. harrison's match with the thing, a pre and president and prime minister. you discuss number of issues including teachers, islands, and china. see the crisis in me and my and the situation in afghanistan. there is no question there will be and should be a robust analysis of what has happened. but right now, there is no question that our focus has to be on a vacuum waiting, american citizens, afghans who worked with us and vulnerable afghans, including women and children. that has to be our primary focus and where we are placing our attention on the issue of afghan assent. and to that end, we have seen a successful draw down of the embassy.

beijing has a chance to dazzle the world. officials -- >> alibaba was a major sponsor of the tokyo games. >> tokyo 2020 marks the very beginning of the digital transformation journey. a lot of this will take place along the way. we do have a clear roadmap. >> let's look at the latest business headlines. this is in this elusive twenty-year alliance for life insurance products. they are subject to regulatory approval. this was above the state-controlled company evidence for the first time since the start of the pandemic. the latest big oil giant to oppose earnings boosted by the -- >> take a look at markets right now. it is really about the precious metals. iron or getting hit by what was it was urgent dollar. that is with the markets seem to be pricing in right now. they are selling modern -- commodities in the crosshairs. we are inching a little bit closer to that 1700 line when it comes to gold. take a look at china tech. a little bit of a mixed sector. alibaba, lower. there has been some reports of a four-month investigatio

and as these big tech companies about more and more powerful, i think is really scared beijing. i think it's sort of happen pretty quickly. this is them assuring the more of an iron fist in a crackdown but, but the problem is the way they've gone about it. it told me as a $1.00, 0 $1.00, how not to do it because it's come out of left field 24 hours later. the rules change and investors ultimately are, are holding the back, right. i mean, the stocks of massively underperformed, and i think for these companies to regulatory goal post, no one knows when you wake up in the morning what's going to be new, whether the gaming, tutoring, stocks or e commerce, and it's really turned into a har movie when it comes to the china tech sector, right? so it's taking everybody by surprise, but there's always when is, there's always loses, right? in terms of finding a winner here, i mean, radically the winner, it's by u. s. path. because if you're a global investor, i heared from investors in the u, as europe and asia, you're just seeing a massive relocation from chinese tech to us, tech compani

here is more now from beijing. reporter: we don't have any details into what is inside the cia report, but already beijing is on the defense and working to discredit the report before its findings are made public. on wednesday, china's foreign ministry held a special media re-thing and the foreign industry spokesperson accused the u.s. of politicizing the investigation into the origin of the coronavirus. and said that washington is trying to shift the blank -- shift the blame and point fingers at beijing for its failed -- shifting -- officials have been taking the opportunity to promote their own theory as to the origin of the virus, saying it could've originated in a u.s. lab in the state of maryland. during the briefing, the spokesperson admitted this was an unlikely possibility and that beijing was only pushing this because of the u.s. itself pushing its own assertions. >> cuban children between eight and 13 are taking part in clinical trials of the countries own covid-19 vaccine. they are receiving the third va

with these games, beijing has a chance to dazzle the world. officials are said to want at least five gold medals, another challenge for a country historically weak in winter sports. emily: bloomberg's annabelle droulers. all right. that's it for "bloomberg technology." as the curtain falls on the tokyo olympics, delayed and curtailed by covid-19. japan's athletes can chalk it up to a triumph, having bad more medals than ever before. for prime minister yoshihide suga, it is more likely a letdown, unlikely to help his chances in the looming general election, or provide much of a boost to the economy. 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. the closing ceremony wrapped up the 32nd summer olympics in tokyo, marking the end of one of the strangest games ever. outside the stadium, protesters rallied about the concerns of the cost of the event and coronavirus in tokyo, while inside, athletes waived to everyone, but not spectators. one of the flashi

it's not just beijing. this has spread countrywide. in wuhan they're testing all 11 million residents. they've had several confirmed cases. you may look at those numbers and say altogether they've got since july 20th, several hundred cases. compare that to the rest of the world. doesn't even rank. however here in china they have this zero case goal. they're determined to meet that. even if it means reverting to these extreme measures which are playing out right now. the claim is this is all coming from an imported case from russia. they say it's linked to the delta variant. dates back to july 10th. a plane from moscow landed in china. an airport worker getting sick. that spread out from there. you have to remember the timing of all this. it's summer travel. you have people coming together. all of the tour sights for the most part are starting to shut down. they're taking this very seriously. the timing needs to be noted that we're six month ts to the start to the start of the 2022 olympics in beijing. jim? >> thanks to david culver in

not ome here in beijing, but across china. so you have the travel restrictions in place to protect the capital and so they want to treat this like a fortress. and we have seen this before with beijing but they are permitting anyone with high risk areas to come into the area, they're tracking you through contract traces through qr codes and if the virus is found here it is quickly suppressed. they're likely to get it back under control but it is a huge threat when you look at bringing the rest of the world into china for these olympic games. >> and it is just six months away. good to see you. thank you. >>> and thank to all of you for joining us today. i'm erica hill. "at this hour" with kate bolduan starts right now. >>> hello, everyone, i'm kate bolduan. here is what we're watching "at this hour." at this hour, the senate infrastructure bill set to pass in just minutes giving president biden a big bipartisan victory. politics over children. several republican governors blocking mask mandates instead of trying to keep kids saf

it is even in beijing. it is all across china and it is worrisome and it will be difficult for them to get this back under control. haidi: struggling to get under control also is southeast asia, another 19,000 new cases in thailand and indonesia. it seems likes only people want to get vaccinated but don't have access to vaccines right now. michelle: the only way to get out of the virus in the end is vaccinations and that's what we are seeing in indonesia. they are having tens of thousands of cases every day, over 1000 people dying in indonesia every day and they are seeing how important it is to get this kind of protection. other places in the world have not yet had that experience so they are not as desperate to be vaccinated. in indonesia, they want that, and instead they are leaning back on the same mitigation strategies we have seen before -- social distancing, asking, increasing restrictions through the beginning of august trying to get the cases under control. but once the horse is out of the barn, it

and moscow in beijing appear to be an agreement on afghanistan. both were highly critical of the decision to withdraw all us troops. my september, with concerns that have canister on which board is china, could again become a haven for armed groups like al qaeda. when china is foreign minister, when ye met taliban officials last month, he urged the delegation to distance themselves from what he called terrorist groups . analysts say it's signaled concerns that china and other countries will be left to deal with the fall out of the rapid us withdrawal. why did biden push this so suddenly and so severely and within chinese circle is also russian and some other places. they believe that this was, you know, basically saying, okay, we broke it, but it's not in our backyard, it's in yours, russia, china, shashika, stan, all the rest of the sounds. more ball games also involving russia. but this time with a force from pakistan, a joint special forces, drill close to the afghan board up preparing for whatever scenario that may unfold from the taliban risi

the duck in on one of the best restaurants in, in beijing to montana. we can see we can see jamie, jamie, ben, phil, it's samuelson, business partner, chris, you can see k finance as well. keith winery was the clubs, chief executive. he left the club when villa ran into financial trouble. why not claimed he was forced to resign and food and aston villa? the union has obtained the statement, but why not prepare for an employment tribunal? he had deep concerns about charles finances. nothing was known about him that could be independently verified. my concern with the 3rd i suppose it billionaire of a string of companies mister sharp did not have a grasp of basic financial modeling. during his discussions with the fail, samuelson had an advantage that we would love to say because he also obtained the private records belonging to village chief executive. keith whiners case will find this when we suspended. it wasn't allowed to talk to the media because we had to get the benefit that goes see who was talking. i was numbers because he was talking to me in 20

if so, what's in it for beijing? >> yeah, they certainly are. i expect they will make afghanistan part of them in part they'll do that because it's a propaganda win after the united states has failed on the ground in kabul. they don't want to fail the state in afghanistan they would be concerned about the rise of islamic fundamentalism and support for uighur successionism in the etim movement this is something china is very concerned about. also because long term the potential for being able to exploit rare earth metals and developing infrastructure that matters for post fossil fuel energy production is something the chinese would be interested in though i will say the difficulty in creating that infrastructure and actually bringing that -- extracting those resources and bringing them to market is extraordinary. >> i was going to ask you, you mentioned down the road. we're familiar with the infrastructure dreams they have. can we talk about that plan and whatever hard assets afghanistan might have to provide? >> not really, carl. you and i remem

you live in beijing? katrina. thank or is there some other news now? hospital in the us state of louisiana have been forced to evacuate dozens of patients to hurricane either knocked out power to many areas, including the entire city of new orleans item a landfill on sunday, and has been since downgraded to a tropical storm. at least 2 people have died. philip reports now from mississippi . hurricane either took everything it had passed. this is the grand aisle of the coast of louisiana. one of the 1st places she roared into it was the worst thing from above, either ripped off the roof after ruth. down below, she brought him the water, stella with ankles, me almost chuck levels. so we just put the dogs on the counter. and then we climbed into the attic across louisiana. they watched as either cause the chaos a devastation, one of the worst storms to ever hit the us mainland. i beg, of damages catastrophic. it's worth it being in the 20 years that i've been the parent and we've seen several hurricane. even hospitals were not immune from ida inside code

an attempt to use human beings is bargaining leverage. katrina, you has this update from beijing. he has technically 10 days to appeal the sentence, but that appeal process is very long, very uncertain. and it's unlikely that he'll be able to overturn this guilty, but the verdict here in china, 99 percent of all criminal cases that face court are found guilty. now we're getting some more details from this verdict, which was handed down from a court in done on city, which is on the chinese north korea border. west babel lived and operated his travel and cultural exchange of business for many years. now it says that he was found guilty of providing state secrets and thus sentenced to 11 years in prison, the confiscation of his personal property and deportation. now it didn't play when he would be deported. the canadian government says that this is most likely that he will be deported after serving his 11 years of sentence. but we do know that in the past, china has deported foreigners before serving the entire prison sentences. so this could be potentially a bargaining chip for agin

bit of a broadside to beijing. juliet fish absolutely, really interesting comments from the vice president on her first trip to singapore, the biden administration saying the united states is not asking countries in asia to choose sides. and that their engagement in the region is not against anyone country. we just heard, harris wrapping up those comments. michelle, your thoughts? michelle: as you mentioned, afghanistan has been a distraction all trip, something she needed to address. more importantly, the vp had been at pains not to engage on the china subject directly but she did get into that here, she mentioned the south china sea, she mentioned beijing undermining the rules-based order. she did reaffirm that the u.s. does not want any country in the region to have to choose, so they are really reaffirming their commitment to being present in the region and the indo-pacific, it term that predates the current administration, but continues the u.s. policy of trying to get more involved in the region. one part was

david: edwin chan there on all the latest out of beijing. let's bring in our next guest. he's not really changing his view given everything that has happened. joining us now out of kentucky i n the u.s., dan fineman, cohead of asian equity strategy. as always, good morning from asia. always a pleasure to have you. what will be the return of this? dan: i am sorry, can you repeat that? david: what is the alternative? dan: there are good alternatives in asia. one would be in the, which is coming out of a very severe pandemic and we think it will be seeing a quite rapid economic recovery as the pandemic eases. another option is singapore aware investors are heavily underweight. it is another vast recovery story for this year and had a deep downturn for this year. but the pandemic is not much of an issue anymore. it has heavy tech exposure on the export side. korea we like ram and memory, autos, the banks. those are three markets you can look at as alternatives to china and they are pretty sizable markets as well. david: so you are underway to china? that doesn't mean you don'

this time over the listing of equities, as beijing has continued its crackdown on shares sold overseas on friday, the securities and exchange commission and now it will require chinese companies looking to list on exchanges in the us to disclose the risk of government interference in their business and further explain their legal structures. these firms must also reveal if chinese regulators denied them permission to lift on us exchanges. now, with american markets sitting at or near record highs, chinese listings in the country have reached a record $12800000000.00 so far in 2021 according to data from or affinity data. now the increased scrutiny comes after ride sharing giant dd global wet public on the new york stock exchange at the end of june, shortly after beijing took issue with the company due to concerns over cyber security practices. and in the aftermath, dds. dr. more than 30 percent from its ip price on sunday, in response chinese securities regulators, said the to site need to uphold the spirit of mutual respect and strength and communications on regulating china related s

we do have the beijing olympics coming up. are there any more investable sectors that are safer from risk? >> people like that because it is the first company in hong kong extended exposure in the u.s. the community likes this one. the current market is tricky. these companies are trying to increase power. they are more toward where the high premium market is. this is good as well. they are a big operator in china. this is a good time to buy. shery: it was great getting your thoughts. thank you. let's get the first word headlines. >> thank you. brazil's central bank lifted its key rate by one percentage when -- point. this comes as the economic recovery and a severe drought strains and expectations that inflation will be about target next year. consumer prices are also staying elevated. inspector general of the world health organization once a moratorium on booster shots to get poorer countries help in vaccination rates. he said a hold should remain in place until the end of september. they want to vaccinate at least 10% of th

janis mackey frayer reports from beijing. >> the countdown is on. villages are built. venues have been fine-tuned. the water cube where michael phelps swam now the ice cube for curling events. the iconic bird's nest revamped, too. >> we're ready to go. >> reporter: but the pandemic looms large here. the ski jump center, the stands can hold 10,000 people. whether anyone will actually attend will depend on covid. it will mean a winter olympics like no other. for nearly 3,000 athletes. like figure skater nathan chan. >> i would at least like to have my patients there. safety is the number one concern. >> the virus isn't the only obstacle. with growing national calls for a boycott over china's crackdown in hong kong and alleged rights abuses of uighurs and u.s. lawmakers are demanding a diplomatic boycott, controversy that beijing owes organize committee is reluctant to address, but in a statement to nbc news china's foreign ministry criticized attempts, to quote, hinder and destroy beijing's plans adding the mistake of politicizing sports is bound to fail. at stake janis

xi jinping saying beijing is determined to hit its major economic and social development targets. data shows that these crackdowns are beginning to hurt the economy. steel output, decarbonization, infrastructure and the like, there is certainly some impact now. it is difficult to quantify, but we are seeing some signs of it. rishaad: against the backdrop of beijing trying to level of power level society and make it more egalitarian. you have been looking at this as well. david: yeah, it is easier to quantify, say, if they are doing something that you can measure them. if you look back a couple of months on how much steel output has come down, but that said, it was more difficult, and yvonne and i were talking about this earlier. this is about something else, by the way. when you start targeting property, that makes up such a big part of final demand for the economy. we are not saying that is the big risk, but if that goes wrong, then 8% consensus target for this year, it is a worthless point. >> and equity strategist joins us now. what do you make of this crackdown regulatory over

what's behind beijing stance? could be followed by other countries who's how the biggest shipping port in the western hemisphere cannot cope with the trillion us stimulus. ah, so from trinity a to south africa, the pandemic has reopened or exposed existing economic and political challenges. failures to tackle unemployment, the accumulation of debts, rising inequalities relating to social unrest with no end to the health crisis inside. as a 3rd wave takes a grip across africa, the international monetary fund has warned. the gap between rich and poor nations is widening. while the i m f, increased its full cost for advanced economies growth this year, the washington base institute cottage grateful cost for emerging and developing economies. the i m. f is blaming the unequal deploy to vaccines are holding back growth. about 40 percent of the population in advanced economies had been fully vaccinated. while that figure is just 11 percent or less in emerging markets and low income developing economies. a repeated cool

a live report from beijing. that's next. 5 key nutrients that can help you fall asleep faster, stay asleep longer, and wake up refreshed. the brand i trust is qunol. -hey. -hi. whoa, nice car. thanks, yeah. i actually got a great deal on it too, although my interest rate is awful. have you checked your credit? i got like a free score from some app or something like that. but lenders don't even use that score. creditrepair.com has a free credit snapshot that can show you exactly what's happening with your credit score. and killing my interest rates. well, great seats though. -thank you. -like really. just knowing your score won't improve it. instead, work to actually fix your credit with creditrepair.com. >>> officials in china are trying to contain a growing number of covid cases. with 15 high-risk areas now reported in 13 provinces. some cities are conducting several rounds of mass testing as new local infections continue to rise. journalist monisha tank joins us from singapore. china is using all the tools ava

john leo in beijing -- liu in beijing. annabelle droulers. at about: --annabelle: the u.k. has changed the health service mobile app so fewer people will be told to solve isolate in an effort to limit disruption from the so-called pandemic. under the changes, only those who have come into contact with an infected person within two days prior to a positive test will be alerted rather than within five days previously. a surge in pings has caused havoc companies as staff are forced to stay at home. imf approve the biggest injection to help countries deal with mounting debt and the fallout from the pandemic. the creation of the reserve assets, known as special drawing rights, is the first 250 billion dollars were issued just after the global financial crisis in 2009. the u.s. has reached president biden's goal of having at least 70% of adults at least partially vaccinate against the coronavirus about one month later than planned. san francisco and surrounding counties are reinstating march requirements in indoor public spaces regardless of vaccination status. new york city is r

and conversely, beijing can be relied upon that beijing is willing to work with the stakeholders and can essentially keep any promises it does make. but at the same time, it's being very non committal at the moment about those promises it's sofa pointed blame at the us saying that the u. s. has made this mess so the us should clean it up. but at the same time paging one's to play a role in afghanistan reconstruction, if i, potential expansion in its investment opportunity is looking at the resources that i've gone on has looking at how the country can be useful. and the expansion of its belt and road initiative. so they're all opportunities for aging there. but at the same time, aging is also aware that this, this whole situation presents a lot of risks for china, namely, and some of its security. it doesn't want to say have gone to san, become a breeding ground for terrorists or extremis, especially because china shows a small border with a gun assigned it. in the past, we've had some separatist fighters enter china's sion jung region through that border. so trying to does not want

hong kong entering a bear market as beijing unveiled a new data privacy law that delivers another blow to chinese tech. the u.k. says it will take a more detailed look at nvidia's purchase of cambridge-based arm on competition grounds. nvidia didn't really talk about this on the call. astrazeneca is going to seek regulatory approval for its new antibody -- we are below 1.17. in terms of the technical set up, it looks quite troubling. we will talk more about that with kit juckes. alix: where the equity pain lies, that is what i want to examine. the answer is no. one area you definitely think would continue to get hit today would be the golden dragon china index, the chinese listed adrs in the u.s. you had alibaba at another record low. the majority of chinese equities again up to the woodshed, particularly if you are a technology sector come yet we are up by 0.3% today, so definitely a buy the dip feel despite more oversight coming from the chinese government. russell 2000, the longest selloff since february, now up 0.6%. definitely off the highs of the session with the euro getting a l

quite the latest out of beijing. there has been an assault that were not really broached in china until the #metoo movement in 2018. but this alibaba case has put it back in the spotlight. let's get some insight from carol wallace. she is an expert on women and gender studies. tell us why you think beijing is acting now. >> i think there are a few reasons the story is quite dramatic and horrifying. the fact that the women released to the post on we chat and then i don't know if you saw the to of her in the cafeteria with the megaphone handing out flyers and once that gain traction, she talked to some exit -- some executors in alibaba. once a blow up online, there was no way alibaba could ignore it. the ceo has made a very apologetic statement about how the culture has to change and these kinds of things. i think the public sentiment is very real. when me too first started, other young women who faced sexual harassment, sexual assault in the workplace could tell their stories as well and other stories about alibaba. t

beijing will step up efforts to hold -- halt the spread of covid-19. a post on the city's wechat account announced to the move. they had two local cases on sunday. in eastern china, they suspended all flights in and out of the airport after a rise in delta infections. wildfires in turkey are forcing evacuations as firefighters worked to contain more than 100. cities including istanbul barred visitors from visiting the forests and parks due to the fires, which have claimed at least eight lives. parts of italy and greece are also affected. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. shery: still ahead, sydney matches its highest cobra case counts ever as brisbane goes into lockdown. leslie russell tells us where she thinks things go from here. next, president biden's infrastructure deal is done. details i had. this is bloomberg. ♪ this is bloomberg. ♪ >> i was very optimistic the fall would be a very strong labor marke

. duck in on one of the best restaurants in, in beijing, montana. we can see you can see jamie, jamie button phil. it's tom wilson, business partner. as chris you can see finance as well. keith winery was the clubs, chief executive. he left the club when villa ran into financial trouble, whiners claimed he was forced to resign and sued shaw and aston villa. the unit has obtained the statement that wine is prepared for an employment tribunal. he had deep concerns about charles finances. nothing was known about him that could be independently verified. my concern with the 3rd, suppose a billionaire with a string of companies mister shout appeared not to have a grasp of basic financial modeling. during his discussions with the fail, samuelson had an advantage he would say, because he also obtained the private records belonging to the village chief executive, keith, why know the case? we'll find this when we suspended it. it wasn't the last talk to the media because we had to get close see who was talking. i think if i was numbers because he was talking

another canadian sentence by court in china to 11 years in prison for spying will have the latest from beijing. in a set bank for president julia bolton, r o, brazil's congress votes against his drive to end electronic voting ahead of next year's election. the best way i can help now is if i step aside, new york's governor resigns andrew cuomo quit allegations of sexual harassment. ah, the televisions advance in afghan astonishes no sign of slowing the groups captured its 9th provincial capital. on tuesday it took 5 the bad and polychrome re both in the north and foreign city in the south west. the group has also may gains in traditionally anti taliban provinces. emergency talks are being held in doe har, but in the afghan government and the taliban. the u. s. enjoy to have kennesaw has warned the group. any government that comes to power through force will be isolated from the rest of the world. the un says more than 240000 people have been internally displaced since the town of an offensive began in may. as the us troops withdrew charlotte bellis is incapable. the taliban have certainly pick

along with the manager roberto to mateo, to beijing, to duck in on one of the best restaurants in beijing to montana we can see can see jamie, jamie baton. phil is samuelson, business partner, chris, you can see the case on us as well. keith winery was the clubs, chief executive. he left the club when villa ran into financial trouble. whiners claimed he was forced to resign and sued, shaw and aston villa. the union has obtained the statement, the wine is prepared for an employment tribunal. he had deep concerns about shell, its finances. nothing was known about him that could be independently verified. my concern with a 3rd of suppose a billionaire with a string of companies mister shot, appeared not to have a grasp of basic financial modeling. we also have a statement that samuelson sent to the english football league after a meeting to discuss his suitability to be a director of aston villa. nick craig the f l head of legal affairs had describe samuelson as a master of concealment. craig asked questions about the dutch investigation into samuelson the ledge money laundry. samuelson repl

beijing enterprises brought them for about $1.6 billion in 2016. a thai energy company will spend $430 million to buy a texas electricity plant, the first step of a push or expand into the u.s. power market. it says it will own closely held temple generation, whose facilities can be supplied by the thai energy company's own natural gas. the deal is expected to close in the fourth quarter. we have breaking news out of japan. we are getting the producer price inflation numbers for the month of july, coming in at 5.6%. it is an acceleration that was faster than expected and also an acceleration from the previous month when it came in at 5%. the month on month number is also faster than expected with cpi accelerating to 1.1% instead of the .5% that economists had expected. we are seeing the base effects on these numbers but not surprising given that we have had a rising commodities price with chinese ppi also surging this week more than 9% for the month of july. plenty more to come on "daybreak asia." this is bloomberg. ♪ shery: -- shooting up the we

were seeing beijing trying control as she is expected to bid for a third term. authorities have taken heavy-handed the past and the scale of this has been really jarring and the severity of the moves we sold beijing tutoring industry did nonprofit and they crackdown on tencent and ali baba are raising questions about the profitability and growth in a new journal reported regulator on u.s. ipos accompany with sensitive user data. that is a major issue for china especially if u.s. china tensions are escalating. it's possible that that creates risks for chinese companies listed here as well. beijing is doing outlying 60s a week schedule that was used by many tech companies and strongly encouraging to give back more to society as a large shift that emphasizes common prosperity and it could mean social good over profit which makes investors wary. jack: i've long advocated international diversification you'll never know when the rest of the world would do great things for your pro folio but your sketching out a risk reward scenario that doesn't sound too favorable to

the joining us live from beijing? well, in the coming out of the un security council is expected to discuss afghanistan. diplomat say they've been preparing a draft statement which would threaten sanctions and a firm a taliban lead government would not be recognized as diplomatic editor james bass. here are the un, they are following the situation extremely closely. the un security council will meet on monday to says scott, what's been going on the very fast moving and fluid situation in afghanistan. i'm told the secretary general antonio terrorist will be briefing himself the security council about what's been happening on the ground, what they understand about the taliban plans and about the security situation as foreign diplomats are leaving from cobble airport. the u. n. are not evacuating at this stage. i'm told you and staff are confined to the bases. they are not going anywhere. they're not carrying it out, any work, no humanitarian work by the un at this stage. clearly, it will be interesting to hear from all

now, beijing is pursuing a different thing. from that perspective, these companies are not do similar to some of the essay wheeze, state enterprises. you probably need to benchmark these growth starts -- growth stocks. not one to one, but at least you should can -- should see some conversions between these growth stocks. haidi: the technical style as we could be setting up for a longer-term list reversal ride. our foreign investors that are flagged when it comes to the regulatory risks if they were not already aware? >> i think we are still in the phase of trying to find the equilibrium from both policymakers and china, and investors side. we had a selloff last week. the investment banks went into a meeting to tell them and reassure them that these are very targeted moves and we are not anti-capitalists. they also tried to set up some boundaries when it comes to the crackdown. at the same time, international investors need to have a better feeling of where all these directions that they want to go in. we are still in this phase

now. beijing denies that these cases all linked. but the canadian government has described schellenberg death sentence as arbitrary . and it's really important to look here at the timing as well. schellenberg was arrested 1st in 2014, but in 2018. he was initially sentenced to 15 years in prison, but shortly after among wanders rest, he was hurriedly re trials. and then we saw the subsequent change in his sentence to execution over the us in the final weeks of its withdrawal from afghanistan, russia, and china preparing for any regional security threats. china shares a border with up gone to sun and is increasing co operation with moscow in a series of military drills. but there is more to their strengthening relationship as adrian brown reports from hong kong. nearly half a century ago, these 2 neighbors fought a brief, portable, but the latest china, russia military drills showed that house realty is now in the past in this mock battle, the enemy is unnamed. it's a military partnership that's strengthening, thanks in part to both

we'll have the latest from beijing in a set back for the president. 2 brazil's congress votes against then the electronic voting ahead of next year's election. and the roar of the motorcycle drowns out, says of covey that the biggest bike rally in the us. ah, it's just gone 7, g n, t. and it's de tooth paste talks here. and how between the afghan government and toddy, bon, emergency diplomatic efforts and cancer come as the group continues to make dramatic battlefield advances, enough can stand the taliban as tightened its grip and now controls 65 percent of the country. according to the e. u. in the past week, it's taken 9 provincial capitals, the latest being partly homely and 5 in the north and foreign city in the south. the un says more than 240000 people have been internally displaced since the time the bond offensive began and main tens of. busy thousands flight the neighborhoods . as the tale bond advanced. families have been piling into the country's capital. cobble living in parks and streets with no resources. go now live to dogma. rob mcbride, it joins us from cobble. so ro

the rest of the top chinese tech executive among one jo, that same year, katrina, you has this from beijing were getting some more details from this verdict but was handed down from a court in dundas city, which is on the chinese north korea border west, pavel lived and operated his travel and cultural exchange business for many years. now. it says that he was found guilty of providing state secrets and thus sentence to 11 years in prison. the confiscation of his personal property and deportation. now it didn't say when he would be deported. the canadian government says that this is most likely that he will be deported after serving his 11 years of sentence. but we do know that in the past, china has deported foreigners before serving the entire prison sentences. so this could be potentially a bargaining chip for aging in the future. the congress in brazil has voted against the return to paper balance that next year's presidential election. it is a major blow for the president, jaya balls in our he's been pushing to end electronic voting, claiming it's opened to fraud without providing any