well, china knows this, but china's not a free and open society. to achieve the kind of gains and advancements in technology and in biomedical science and in so many other things, they have to steal what we do. sometimes by buying our companies. sometimes by cyber theft. sometimes by just these joint ventures, and they tell american firms you can only come to china if you give away your intellectual property. so china's taking huge advantage of us. intellectual property is the lifeblood of emerging industries and the good-paying jobs they provide. the american advantage of intellectual property is one of the main things that will keep us number one economically in this century, but not if we allow it to be stolen and taken advantage of, and the country that does that more than any other is china. intellectual property is the lifeblood, as i said, of emerging industries and the good-paying jobs they provide, so it's impossible to overstate the cost of i.p. theft to our economy and our workers. this sentence pains me. i think about it often. general

crackdown on china the barriers to chinese exports are supposed to protect american security and jobs but investors are seeing the start of a trade war. and this trendy watch company in detroit is key for the city's economic revival but it can't do without parts from you guessed it china. and some for business on the w m how you got to guess welcome to the program china said it is preparing tariffs on american imports in response to u.s. penalties on steel and aluminum the take effect today chinese officials vowed to defend against an even larger number of tariffs signed by president donald trump global markets are already worried china could hit everything from american pork and apples to steel pipes its commerce ministry said it encouraged trump to negotiate but gave no deadline trump has demanded reciprocity in trade and is threatening tariffs on up to sixty three arab misjudge the situation and underestimate our ability to defend our legitimate interests they've also underestimated the price they'll have to pay for their reckless behaviors. business leaders are warning that a full

china is rapacious. if we don't stop china, america will be a weaker place with fewer good-paying jobs, with less wealth, less strength, and we probably won't stay the greatest country in the world, although we deserve to because we play by the rules. so president trump has identified the right opponent, china. much better than both the obama and bush administrations did. both democrats and republicans have been blind to this issue, and trump isn't. good. but i would say to you, mr. president, don't swing blindly and wildly at our foe, china. establish a well-placed jab at china. set them back. let them know we mean business. president trump ought to rethink his plan so it actually achieves what he says he wants it to achieve. u.s. steel and aluminum workers have been battle be heavily subsidized products from china for decades. i know. i have newcorp in my state in auburn and chimung county. inial aluminum, i have alcoa in my state. our steel and aluminum workers deserve a more level playing field again

ambassador to china. david solomon has been named as a sole president and ceo of goldman sachs, the heir apparent to lloyd blankfein. whether wall street is happy. ♪ david: as we wait for the 10-year treasury auction, let's check on the markets right now with abigail doolittle. abigail: interesting trading action happening today. the industrial average is down about half a percent. there is a difference of about 1%. the industrial sector is weak today, while tech is going strong. the s&p 500 index, right in the middle. investors are consolidating those gains. is at a another record high on the day. the biggest streak since october of last year. industrialhat weakness, let's take a look at the gains weighing in on the dow. some of this could have to do with the fact that investors are digesting the 10% aluminum tariff, 25% yield terra, -- y ield tariff. names.a rally for these gains were given back to some degree. all the stocks affected by the tariffs are up slightly, except for boeing. 10-year, $21 bil

and china. we just had the news out a few moments ago about president trump citing -- signing this tariff against china tomorrow. how big of a concern is this for investors? patrick: i think it is a massive concern. a lot of investors have their head in the sand's. they are hoping that it will not be delivered. i already heard an investor saying, maybe he will only pretend to sign it. he is certainly waiting for the last moment. people are very hopeful here. i think the fact is, china said they will reciprocate. this is a very negative sign for markets. when does this take for tech and. -- end. do we think that time -- trump would just let that go? i do not think it is fully priced. very quickly we will see this start to dominate the whole fed story and the fed story maybe forgotten about by tomorrow. david: in fact, i was going to put those things together and asked what you thought? many of our guests have pointed out that a quicker pace of tightening is the biggest risk for markets. thinkhis

and do you see a contrast them with china ? then with china? very economically successful in the past 30 years without any elections. you are describing a world with too many elections to handle, which is economically unsuccessful. is that a contrast that you would recognise? this is something that the chinese government very much utilises in their rhetoric. look at the rest of the world, we used to look to america, the west, europe, for inspiration, but look at the endless elections, a lot of politics, and we need stability. we need a strong leader. we need to focus on economic... we are running out of time, butjust a quick word from everybody on what we come to the end of this programme, which is almost a look at the political model. who wants to go first? annalisa? certainly as an italian and looking at the italian model, there are serious doubts about how representative democracy has been serving the interests of the italian citizens. and there is more and more a reflection and debate about what has happened in china. as in, people admiring

and they said that's swallowed china. first, swallow korea and then china. he thought he would tell them about japan's advantage about where japan had to be to defend itself and not let other powers dominate china and the navy, historically has generally been more aligned to britain and america, the maritime powers with one very important exception, in world war ii. just as the u.s. has shifted this maritime to view, so has japan. war, in what is called in 1955 system, the liberal democratic party, the mainstream was, especially after with in the relations china, the mainstream was about china. to had to maintain a balance because it's china than the u.s. is. when they collapsed, that mainstream view flipped. tom the prime minister today, every japanese prime minister was called the anti-mainstream. that is much more pro-taiwan were maritime. taiwan, before the view ofion, japan was pretty positive but with democratization, the dpp has kind of aligned a bit with this maritime view. i was curious to go into thousand 61 i left them and was a private citizen. i

dream for example the final revitalization of china and china becoming part of the world of the common destiny of mankind and i think this does not mean that china will ever tolerate another authoritarian auto teller tarion rigor that we need to have more transparency of our accountability more openness there's article you are just we're almost out of time and i want to get one more question into joseph joseph how does all this affect the pro-democracy movement in hong kong very quickly please could almost at a time we see this. and it dictation that the general continuous nine policy towards hong kong there's no tolerance of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook page t

china does not want to trade war. pick women imports of studio or aluminum from japan do not pose a threat to u.s. national security. they have contributed greatly to industry and employment in the united states. so i wonder is could it's kind of interesting to see the products that mr younker is citing i mean steel ok heavy duty important part of economic growth bourbon and harley's mention i'm opening statement it's the sandbox right where kids in a sandbox box is preschool level no there's no there's no surprise about these products your opinion has picked i think peanut butter harley davidson. bourbon and orange juice specific things that are there not only very american but that hurt. workers or industries in industries that have republicans who. might be separated from trump in a hurry this way so there's been a being bourbon being kentucky and kentucky being the state ruled by the majority speaker in the senate the senate and so it would be interesting who's doing the congressman right there where that where it

russia used to be china's big brother today it struggles to accept that china is superior and she's also mentally we're told of course china and russia are cooperating on military to raise for geopolitical reasons but the new silk road has little support in russia because russia has its own eurasian project and with the shah she's a housing hero yeah and if you find any of these. groups you look at all stalin for putin as for stalin before him military strength is the primary factor position but that's just not enough in today's world and if acutely you need an efficient economy technology science if you were to work with putin's russia it has none of that in the cosmic stan and his backers stan are already turning towards china while trying to maintain a balance but russia's all talk with leaders go order china has the money all russia has is memories who glorious past it was when the overly copple for. people like to come to the bridge of orenburg to enjoy the sunset looking west towards europe but many confess that they're looking the other way more and more often. at this moment as i

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the us which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as as well. eventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two trade experts alex mahela bichon toronto and caleb in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent history this is

they bet wrong on china. they believed it was going to move incrementally to a more uralistic syem and a market economy, a much more open econ they are also saying that with this decision china moves from autocracy to dictatorship. how would you sum up the type of leadership we're about to see? >> i don't care what kind of title you call mr. xi or what kind of label you apply to china. all we want to look at is the policies president xi has been pursuing or the direction in which china is moving. if you look at the last 25 years for roughly about 10, 15 years china was more or less moving in the right direction. the society was opening up. the economy was becoming more liberalized, and engagement with the west. with the rest of the world was also moving in the right direction. you cannot say this about china for the last ten years or especially for the last five years when chinese society is becoming more closed. politics is much more repressive. foreign policy is creating a lot of tensions with the rest of t

organization so that china has filed more than four hundred six block chain patents last year china filed two hundred twenty five patents compared to i'm sorry that many in total china filed two hundred twenty five patents compared to the u.s. which filed a mere ninety seven patents however this does not take into account that not every company patents all discoveries and it doesn't guarantee that the patent will lead to any viable products some of the applicants include bank of america and mastercard international while the patents may not lead to too much they are helpful in attracting investor capital as well as preventing ownership disputes in the future. and when it comes to china here to discuss trade tariffs and some other trouble out there are two. trade experts alex mahela bichon toronto and caleb open in new york gentlemen thank you so much for joining us caleb let's start with you the big news is china reacting although some thought they might react stronger but china is playing a long game here what do you think's going on caleb. bart if you look at china's recent histor

or china? one would assume it would be the u.s., because it is the bigger economy and has the deficit and needs to eliminate it. i think it does come to a question of whether we move beyond this stage, sound and fury signifying nothing, to a trade war in earnest. nothing is happening despite the moves we are seeing. if it does come to something in earnest, the u.s. may be overestimating its strength. ,f you look at the categories american imports from china are largely consumer goods, computers, clothing, mobile phones. they are very dependent on china. typically more than 30% of american imports. these are important--- import-dependent. what will probably happen, is a push-up prices on domestic consumers. if you go the other direction, chinese imports from the u.s. -- soybeans has in one example, aerospace, things they do not directly affect consumers. on one side we have a dictatorship, and on the other, a democracy, one that is very solicitous of the views of businesses. they will be a lot w

what is china likely to do? think china's response to any sort of hawkish confrontational actions from .rump on multiple fronts i think china can use more diplomacy and dialogue. that's why they have sent two high-ranking officials to the u.s. to discuss these matters. china can provide more reciprocation as trump wanted come in terms of energy trade. i think petrochina will raise their u.s. energy import this year by 80%. and china can open up its the mystic market and financial system more open to the u.s.. this is the area that in the u.s. firms do have a competitive advantage. i think retaliation in terms of putting tariffs on the china -- the china would consider. haslinda: of course, we have the mpc meeting right now. we have xi jinping in power indefinitely. some are saying that, in the short term, that is great. there will be stability. but in the long run, it is open to policy mistakes. >> if you look at what xi jinping wants to achieve for china come in terms of realizing the china dream, and a lot of

and maintain a balance by close ties to china. always be closer to china than the u.s. is. when the ldp collapsed, that mainstream view flipped. and from prime minister to today, every japanese prime minister has been what once was called the anti-mainstream which was more pro-taiwan, more maritime. and so you've had this flip. in taiwan, which mike will know much better, before democracy, the view of japan was pretty positive. but with the dpp, with democracy, the dpp has aligned quite a bit with this maritime view. when i was in the nsc i could not go to the shrine for obvious reasons so i was curious to go in 2006 when i left the nsc and was a private citizen. i walked to the shrine and usually see the old imperial japanese rising sun flag. to my surprise when i walked in, there was a dpp flag flying. which proves the old adage the enemy of the enemy is my friend. the dpp on most issues is aligned with japan's opposition power, nuclear, power. on this one strategic questions, the dpp kind of aligns pretty well with abe. so, you have the u.s., japan, taiwan all kind of al

china yeah i don't think i'd ever play in china so is always the english premier league is always a top target for everyone and then also yellow european leagues but you can't just explode out of nowhere and it gives great opportunities for players like myself to set themselves off the football while still enjoying themselves. all right despite china never being on he's right friends making the most of the adventure. going over there prices and trying so a cup of much as a culture is part. because you don't really going to get much of a chance to say that i lived in china so one option you came and took it by fans. his family has flown from perth for the first time to watch imply and the pressures are. likely the coach has been giving him less game time triggering speculation that he might be on the way out. and he's club junge susu ning has no shortage of ambition or money it's on the buy a massive electronics group that has splashed close to one hundred million dollars on big name imports in the past two years and it's not just spending in china soon in bold italian super club into mi

president donald trump announces new tariffs against china triggering fears of counter measures meanwhile the e.u. is granted an exemption for now. and thousands of farmers in zambia are forced to leave their homes to make room for a large scale industrial agriculture will speak to some of the evicted families. it's time for business on the w m how are you going to get us welcome to the program it was an eventful day for white house trade policy president trump except at the e.u. and several nations from steel and aluminum tariffs at least temporarily a short time later he signed a measure placing sixty billion dollars in tariffs on a broad list of imports to the u.s. at the heart of both actions lies the same quote economic enemy in terms words china and a belief that trading partners must exist on a level playing field the tariffs will hit more than a thousand categories of chinese goods the identities of which are to come later transactions follow a trade investigation into china's acquisition of technology and trade secrets through unfair measures the outcome was no surprise china has

mark: how is your relationship with china? accusations of meddling with australia for reasons why you have these foreign interference laws, china warning it students of violence against the metal australian universities. does the increase of what we could call tensions between australia and china, does that ,ave negative impact on trade investment between both sides? mr. ciobo: the vehicle you questioned. you said the perceived chinese influence in australia was the focused of foreign interference laws. it is not the case. we don't want foreign interference into australia's political landscape regardless of who may or may not be behind it. we see lots of examples around the world, here in the u.k., lots of examples around the world where we see other nation attending to have influence and so this is not about china. this is about australia saying we are a sovereign nation and we reject interference, improper interference from any country, regardless. it's important to knowledge that right up front. in terms of trade and invest

and china. schwartzman is seen as close to beijing and president trump, and has reportedly counseled the president against imposing tariffs. he told bloomberg television china's leaders understand that as their economy develops, the playing ground needs to be level. >> there is no doubt that there is a serious imbalance between the u.s. and china in terms of market access, and tariff levels ,nd nontariff barriers investment limitations, and part of this happens in the natural course of things. >> u.s. agents are said to have -- the saipan's casino office. fbi investigators took documents from imperial international, the company says it knows nothing about the claim to raid and denies wrongdoing. in. attracted attention for the sure amount of money recorded at the saipan casino, which is larger than at the grandest resorts. angela merkel is starting her fourth term as german attracted chancellor, swearing-in -- six months of political drift. coalitions of the conservative is and the centerleft sp

president donald trump slapped china with fifty billion u.s. dollars in tariffs and he said there will be more as for europe trump says he's willing to talk no tariffs to ny but no promises for tomorrow i bring it off in berlin this is the day. we have right now an eight hundred billion dollars trade deficit with the world we have europe they have barriers that they can trade with us but we can trade with them we have australia we have argentina the word is reciprocal if they charge us we charge them the same thing we have brazil we've had this abuse by many other countries. to see korea but we have one particular problem and that's china i can't believe we've been able to take advantage of the united states for so long so those days are over. also coming up tonight facebook c.e.o. mark zuckerberg finally talking germany's government wants him in berlin testify. it's a long time to montag an explanation of why this could have happened with a chairman users in accounts very fact it and what facebook intends to do to stop anything like this from

ambassador to china -- the china ambassador to the u.s. that they wanted to avoid a trade war but would not back down it one was initiated. china also said they will work through issues through the legal processes through the wto and they want to see dialogue to scale back these tensions. in terms of further pressure point, key is agriculture. there is about $140 billion worth of goods imported into china and that includes soybeans. that is another potential pressure point. clearly, china -- and we heard this throughout the congress from policymakers and leaders, they want to avoid a trade war and will take a measured approach for now. they've also said they will not back down if trump escalates this. yvonne: perhaps this is the warning shot from china, tom. do we get a sense of how far china is prepared to go? they have touted a list of other pressure points in the past that they could apply on the u.s. should they choose to. they would escalated if they were to switch boeing orders to something else or start targeting companies like inte

dollar and china. fedleen: let's start with hikes because larry kudlow, cnbc contributor, played many roles on wall street. , to fightnamed donald trump -- tweeted by donald trump, the replacement of gary cohn. here he is talking about rate hikes. the market is going to take care of itself. and i hope the fed does not overdo it, and it seems like a mild warning to me. people think the economy does it need so many rate hikes. july, he was urging former fed chair janet yellen to show restraint and raising rates and in the past he said the feds inflation models are not working. and i don'te those, find it to be particularly aggressive towards the fed. let me tell you more about larry kudlow. staffrted his career as a economist at the new york fed chief economist at the office of management and budget under ronald reagan, involved in tax cuts. he has held tax cuts are good for growth won't overheat the economy is . talks about the groping signals for central bankers. as a cnbc contributor that is how i got

these projects are made by china and made for china. it's a play on the made in china slogan. so again, they're questioning how will this benefit us? and how are we not just giving away our resources? - in the target countries, there's a considerable amount of suspicion about the intent and the effect of the belt and road initiative. the questions include the sustainability of the projects, but also sustainability in terms of the debt and the debt load. - [narrator] beijing's unsettled relationship with taiwan presents another potential destabilizing force in the unlikely event that it escalates into conflict. - since neither taiwan nor china really want an escalation, they would each have to make terrible miscalculations to create a situation in which there is an escalation. it's always possible. people can blunder into it. - china has actually shown a great deal of nuance, strategic patience, wisdom here. i would be very surprised, and very disappointed, in chinese statecraft, which has generally been careful if chinese statecraft decided they had to go overly dramatic with

china is frankly not surprised. anybody who's been talking to chinese officials over the last couple years knows they have prepared for the possibility that donald trump would pursue a more confrontational approach on trade. they know exactly what they're going to do. they've said as much privately. they would attack american aviation manufacturing, boeing for instance. they would go after agricultural exports, places like iowa, which they know are essential to donald trump's political base. so this is the beginning of the game. this is by no means the last step. >> and what about the idea that this will kind of produce a greater erosion of the world trading system and order of, you know, the two main countries. the first and second largest economies in the world enter into some kind of trade war, liz. that doesn't bode well for the open liberal international order. >> no, it certainly doesn't bode well. and i think, you know, the hope will certainly be that, you know, other actors in the united states are going to

china says kim jong-un had visited china march 25 to 28, and met with president xi. arriving andng-un departing on that train after meeting with china's president, xi jinping. we have been talking with stephen engle over the past few days, we probably would not get confirmation until after this visit. it looks like that is the case. yvonne: it goes to show the improvement in their relations between china and north korea. is getting pyongyang serious about improving relations with the rest of the world, especially ahead of that summit with president trump in may. betty: making a tour with his counterparts. rio tinto officially out of the a billion dollar deal to sell its remaining mines in the past week. paul allen with more on the story of rio tinto. they reached the end of a long road here. that is right, it has been about five years in the making. it came to an end this week with an agreement to sell the kestrel project in queensland to a private equity firm, emr capital. project.lion for that it follows a deal where hail creek and valencia were sold to glencore. g

yet, the united states only imports about 2% of its sales from china, but china is -- steel from china, but china is flooding the global market, so it needs a global solution. the oecd has a mechanism for dealing with overproduction. that's the road i would recommend. vonnie: ambassador hill, it is quite clear that republicans are not behind this, lawmakers on the democratic side are not behind this either. so, who is this for? >> i think that the president is talking to a group of workers that are concerned about their jobs. my heart goes out to those workers, but i do think that we should deal with improving the economy and helping them take the jobs that are generated. ♪ >> president trump has made a lot about the trade surplus that china has with the u.s. would cosco consider buying more u.s. agricultural, food or other products, as a way of redressing that imbalance? >> i think cosco has been trying very hard to serve that purpose. if you recall, in november last year, president xi and president trump, the signing ceremony of a trade memorandum between cosco and adm, to buy u.s.

and china. >> in china ineffectually a tailwind to our chinese business. china benefit from that. what do i see going forward? if i think i would be playing the futures curve and would not be sitting here. wehink in general terms, expect pork prices to remain relatively low in china for the balance of the year. we expect some rebound. we have nothing over the past couple of days. be relatively to low in the u.s., lower than last year. there is a dynamic of newport plants in the u.s. there are about four newport plants. barring any trade instructions, the idea is that the space will be chasing those hogs and i would place upward pressure on it. when you look at the feature strip i would expect to the balance of the year that that will rebound, the prices will rebound. >> there but they can go much for joining us. ken sullivan. smithfield foods president and ceo in hong kong. thank you for joining us. back on the fed and the economy. the top beneficial endorsing the cautious rate hike path. it is not rate hike causing the but today. we had news around the new fed divisions a look at

and china. guest: we are seeing surprisingly strong numbers out of china this morning. industrial outs, define expectations to accelerate in the first couple of months of the year. beneath the surface though, we see some signs of weakness in domestic demand. in particular, we saw land sales crumbling. of course, if domestic demand is weaker, it raises the stakes for china in any concerns because if domestic demand is not there, china needs to rely even more on buyers in the united states. >> china announcing plans to merge its banking and insurance regulators as part of its wide-ranging overhaul across a lot of its major government agencies. take us through the spotlight proposals here. >> this is the biggest, major overhaul for the banking regulators since about 2003, about 15 years. overseas, about 4000 banks, so it gives it some indication of the scale and size of this. in terms of what it allows the government to do, is of course, have greater oversight over to -- two industries which have been responsible for a lot of shadow growth of banking. we have also been hea

i would not put too much emphasis on china versus u.s. and china to be good friends regardless. it just looks like good news market and more for the world. the united states is weighing out whether to impose a law for a china investment crackdown. big-name assets that they think are too sensitive. is this something that really moves the dial in terms of protectionism in the u.s.? depressed valuations, tech stocks, remove the flow of dollars back into the u.s. economy. rally has been dominated by these mega- caps which are virtually impossible anyway.over in a way, it is only fair in the sense there are restrictions on what you can do in china, the anyway. in aauto sector, the technology sector. there are restrictions in europe. famously, france with its yogurt. u.k. is probably the more open economy. look at unity, the netherlands, somewhat more restrictive in terms of takeover codes, etc. if anything, the u.s. looks a bit of an anomaly alongside the u.k. in terms of free-for-all. anna: alan, thank you very much. he staying with us on the program. next, we will be speaking to th

and china. the e.u. is actually one and british prime minister theresa may that any effort reach a separate trade deal with the trump administration could sink a deal on britain's exit from the european union. let's say good morning to craig girl i'm, senior market analyst joining us from across the pond. did you really think that britain's exit could be in danger, chris? >> the further layer of complication. they remained aligned on a number of issues from regulation to food standards, et cetera. whereas the u.s. is pushing for the u.k. to become less aligned with the e.u. and more aligned with that to secure trade deal. it is going to be ensuring that it gets trade deals with both regions while keeping both sides happy and that's not particularly easy. >> a precarious time is the ability of negotiations with the e.u. and that could be in jeopardy. at the top of her introduction to you about what is happening between the u.s. and china. there are now reports that there are going to be negotiati

it is our shared aspiration to safeguard china's sovereignty. territorial integrity and to wholly reunify our nation any attempts or tricks to split china are doomed to fail and will be met with condemnation and the punishment of history. joining us in our studio is david bender skee a fellow at the robert bash bosh academy here in berlin david thank you for joining us oh we heard that statement there how do you read this from president xi well the issue of what they call territorial integrity the problem as they see it of separatism has always been a real red line issue if we look at censorship this is an issue that always is a very strong red line and it's a point that they make very in phatic lee i think so i think it is a warning to regions like hong kong where since the occupy movement two thousand and fourteen we've seen a lot of discussion of these types of issues in hong kong sovereignty also regions like taiwan and of course she john and i think this is also about the political legitimacy of the party because this is an issue they can s

china is right. china needs the u.s. as much as it needs the u.s., but there is in beliefs.tion it is when both sides believe the situation is different that you get huge mistakes and things like trade wars. that is the first problem. problem sois a big to speak. and mnuchin going on, talking about this, the trade war, as you mentioned, there are talks going on between the u.s. side and the chinese side, but it was interesting to see william ferris' reaction to this. he is the chairman in beijing. this is what he said about any talks going on between the two sides. >> what i heard from many sources is the u.s. was not in many -- any mood to talk, and there it -- they are still not. i am not sure where these negotiations are going on, but i have heard nothing that there is communication going on. betty: brad, with the actions so far between the chinese side and the u.s. side, do they reveal there are in fact no talks going on? brad: presumably there are talks , but talks about what? ask right now is china will do less chr

and china. jonathan: inflation in line with expectations boosting futures and weighing on the dollar. how does that report this morning play into the views of the central banks? >> kiss them on track for three rate hikes this year. stableough we saw numbers, we are seeing a slow build in inflation. expanding at a more than 3% rate. it is not out of control, there is no need to panic, but there was reason to believe that they will reach the 2% target by the end of the year. >> china's latest data goes against the narrative that the country is shifting away from old industrial drivers towards a consumption-led economy. put that in perspective for us in light of the zoning trade war between the u.s. and china? guest: we are seeing surprisingly strong numbers this morning. defying x extensions to accelerate in the first couple of months of the year. many the surface belt, we see signs of weakness -- benny the surface though, we saw tens of weakness, in particular, land --ls crumbling and domestic la

china is considering some of the softer data that we got out from china, the manufacturing pmi data also in the mix. it seems the funds have been told to ensure they are not doing any big selling over this political event. it is always about trying to maintain an aura of stability during these events. haidi: tom, thank you so much. lots more to talk about, all about china. credit agricole's dariusz kowalczyk will be joining us later in the show. does it reflect the poor numbers we had yesterday, rish? rishaad: plus, our next guest expecting more volatility in chinese new economy stocks this year. we will be meeting ken wong next. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. rishaad: i'm rishaad salamat in hong kong, looking at the latest business flash headlines. noble group says it's very survival depends on a controversial restructuring plan -- its very survival depends on a controversial restructuring plan. had, quote, "no magic pill for investors facing a debt haircut." haidi: the operators of southeast asia's biggest gaming platform repor

is a sense in china that china can go forward even more strongly. the ways in which it wants to project power. this isjust an extension. the question is, what are the internal views of this shift? there are some in the civil society of china who are upset with this but i've talked to a good number of people in china who are not upset with this. they kind of like it. it's an opportunity for china to be stronger and an opportunity for their businesses to proceed in a stronger way. what about relations with united states? it's kind of interesting. president xi has gone a bit more solo and president trump has gone a bit more solo but there isa has gone a bit more solo but there is a big difference between the two of them. president xi is very experienced, a deep reservoir of expertise behind him. president trump doesn't have a lot of expertise, he is inexperienced. you'll find this development in china really will more starkly set up china really will more starkly set up some of the differences between oui’ up some of the differences between our two c

china. the center for strategic and international studies hosted this event. it's about an hour and 20 minutes. >> good afternoon. thank you all for coming. my name is chris johnson. i'm the chair china studies here at csis. i want to thank you everyone for squoing this today on discussion on taiwan, japan, tri lateral. i want to introduce the speakers here. i'll start off with vice admiral yoshida who joined the forces in 1979 as graduate of the national defense academy. where he served mainly on surface ships. over 35 years of professional managerial experience in the maritime defense and security air yachlt and offshore duties have included serving at the program center which developed anti-submarine as part of the egis program and six times at the ministry of defense where he was in charge of welfare, education, operations, and intelligence. he also served as defense at ashe in japan's u.s. embassy and final government assignment was commander of the region 58 command. joined washington

how reliant are they on china? >> china is a huge market for boeing. they put out these long-term market updates, 20 your forecast with a look at the market. china figures as the most twortant market, about replace the u.s. is the biggest travel market. they are traveling locally and internationally. this is a market they can't afford to lose. francine: the population in china was 1.4 billion. how big is the aviation market in china? >> we are expecting china will lead 6000 new aircraft in the next two decades. that's huge outflow from factories in europe and the u.s.. we saw this when trump was in china. he announced a big order for 300 aircraft. smaller aircraft, but also some wide bodies. this is where the growth is coming from. globally, china plays an important role. a lot of areas of growth have dried up. the middle east is not that engine anymore. europe is done with its replacements. growth in the u.s. is not as it used to be. china is where the action is. they produce locally. they have a leg up on boeing. that is not something they will be ke

korea's demands will be which will help china will because. it's a visit that would have seemed unimaginable just a few months ago where north korea was ignoring chinese appeals for restraint at an exhibition showcasing some of china's technological achievements the message appeared to be we can help you with all of this if you behave. china's leaders are fond of metaphors that are lavish banquet she told his guest that in the beautiful season of spring everything comes to life kim replied i believe our meeting will yield abundant fruit that could mean making good on his commitment to give up nuclear weapons the fruits of spring were apparent in the garden of the state guesthouse where friendship also seemed to blossom she accepted an invitation to visit north korea and told him he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing. well the us president donald trump gave his reaction to the meeting on twitter he wrote received the message last night from china that is meeting with kim jong un went very we