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

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 that it doesn't care. see 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 vetch in toronto and caleb maupin 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 hist

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 or totally wrecked area and rigor 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 and very quickly please could almost at a time we see this. and it dictation that beijing will continue its hundred 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

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

and china? are we on the verge of a trade war we'll talk with peter navarro up next live right here as we look ahead on sunday morning futures we'll be right back. great, another dead end. sarge, i just got a tip that'll crack this case wide open! turns out the prints at the crime scene- awwwww...did mcgruffy wuffy get a tippy wippy? i'm serious! we gotta move fast before- who's a good boy? is him a good boy? erg...i'm just gonna go. oh, you wanna go outside? you gotta go tinky poo-poo? i already went, ok? in the bathroom! as long as people talk baby-talk to dogs, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. let your inner light loose with one a day women's. ♪ a complete multivitamin specially formulated with key nutrients plus vitamin d for bone health support. your one a day is showing. are finding themselves morin a chevroletple for the first time. trying something new can be exciting. empowering. downright exhilarating.

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

has been talking to china for 20 years and china usually does what china wants to do. he did say when i asked him that the question of a trade war and the impact of the outlook on policy was discussed at last week's meeting. he does say there is quite a risk to the trump strategy right now. that is we got a full-blown shockwar and it is a big to confidence, business confidence, consumer confidence. he says these are very important to the economy and that could hit stocks and bonds, hit bond yields, raise the cost of financing. that could slow down the economy. the president of the atlanta fed also spoke on friday. he referred the question of tariffs, the reaction of trading partners as a counterbalancing downside risk for the fed to be watching. he said the trade dispute has more innings to run. he thinks we might be seeing more negotiating going on. he is also reflecting the view, let's wait to see what really happens. we have got a lot of trade salvos being fired back and forth. it is also possible that some agreement will come out of this and we will avert something

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

a concern for china. notable, the moderates tone taken by china's policymakers around these tensions. not want you to exacerbate them. we know china has hinted it could take totally measure is parade it has been playing those down. the question comes as to when china will feel compelled to act. whether it needs to push back. certainly, they would likely have a material impact. this affectcould drive to turn china into a powerhouse? goodthink that is a really point. there are a couple things to consider. has laid out a plan. heavily investing that. it is the domestic agenda as well. there is a potential clash, tensions between the desire by the president and his team to insert greater coming a stte party control over a broad range of society. private enterprises as well. in the changesat in the last few weeks. greatergreater party controls. they want to have this innovation. the other tension comes when they look abroad. greater party controls. they want to have this innovation. the other tension comes whe

relevant parties is china because reluctantly china has been enforcing u.n. sanctions against its old ally and neighbor china didn't want to do that it's always said that the only way to resolve this crisis is through dialogue but i think there's one other issue here sami china doesn't want to be sidelined china believes it's done you know the hard job of bringing north korea to this position and while china was reluctant to enforce sanctions it clearly now a knowledge is that those sanctions have brought about economic hardship in north korea which in turn has brought north korea's leader to the table now but they don't want to be sidelined they don't want to be sidelined during what is going to be a real moment of history a very important moment of history perhaps one of the a moment of history that's up there with you know richard nixon visiting china in one thousand nine hundred two they want to be part of that they want they don't have a situation where you know all the glory is going to president donald trump because china feels that its efforts behind

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

so, is that risk the real in china's growth targets -- de railing china's growth targets? george: i am not sure. it feels like we will have to wing it on the basis of what ever the tweet is from the white house. it is a dangerous course of action when you announce unilateral trade tariffs, as the president has just done on steel and aluminum. it is dangerous when you do that in a generic sense. in many ways, these imports from china are very small. the major exporters to the united states of steel and aluminum are canada, mexico, brazil and south korea. china has been in washington for the last few days, trying to negotiate and talk with the united states government about trade. we don't really know what transpired. evidently, not very much. it is a big problem. china is kind of biting its time at the moment. -- biding its time at the moment. president or the united states government were to push this to the point where china felt humiliated or offended, they might do so directly or go to the world trade organization and appeal for allies to help them. it is worrisome. the

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

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

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 there were 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 vetch in toronto and caleb maupin 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

long trade dispute with china the u.s. president says he is protecting american security and jobs of the markets all more convinced than he's ever starting. to do business on crystal president the. and who takes pride in soaring stocks is rattling the markets global shares plummet as the united states in ounce a hike in import tariffs for china a key supplier to its massive consumer oriented market fears are increasing the donald trump is rushing headlong into a trade war with the world's economic powerhouse in asia china has already threatened to retaliate if the united states does not back down. now after an election campaign where he pledged to address china's seventy three hundred seventy billion dollars trade surplus with the united states donald trump ordered an investigation of chinese business last year is survey among u.s. companies revealed four main gripes first they claim chinese firms require foreign companies to form partnerships in china then steal technology and close down the joint venture second chinese c

that's coming from china they could come up with something bigger what's going to bring china to the negotiating table they've done that with the e.u. they've done it with canada and mexico how is america going to get china to talk about reducing the trade deficit with the u.s. this is not the way to do it you know china is a major investor in the united states what kind of damage could these measures do if the spread were trade war breaks out some say it is here by now you know well this is going to be quite damaging for u.s. companies that invest in china for chinese companies and invest in the u.s. of course it's all kind of a part of a strategy for trying to go against china's made in china twenty twenty five strategy now they're focused on improving their technology and automation robotics big data to future proof their manufacturing industry what trump doesn't like is that china is buying up country companies from abroad to take their know how back to china has blocked many of the technology deals that china wants to do in the u.s. but is the same with europe europe doesn't lik

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

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

that are made in china that come from china. we have to do this in a way that we can protect american jobs and keep costs down for consumers. >> i think that will happen. i do not believe there is going to be a trade war. i think the chinese will do a tit-for-tat but it will be completely symbolic. the reason, you look at today, talking about putting in trade tariffs on agricultural products but you look at the agricultural companies and they're not down today. they are just flat. they were down a little bit yesterday. and so that's, that's an element of, you know, that we have -- lauren: obviously hitting the farm belt is hitting the trump base. that is almost a slap in the face for the president. >> it is but again nobody really believes that the chinese are going to do anything more than symbolic. it will drive up prices of food there. it will drive up inflation. they can't get the food any cheaper anywhere else. and so that's a problem. lauren: yeah. prices go up for chinese consumer too. i have to ask you, do we trust china

field other than china. i want to check in stocks in sydney which is a mixed bag with --ors and gold producers bluescope steel is gaining ground and we have the ceo telling bloomberg that the tar iffs are good. now let's get to first world news. courtney: first up, the u.s. will impose tariffs on steel and aluminum imports with an announcement expected next week metal meetings with executives, president trump said would be a long-awaited protection for the industry and the decision may provoke publication -- retaliation. the european union wells respond necessary.r >> they have been horribly treated by other countries and they have not been properly represented and more importantly because of that, workers in our country have not been properly represented. courtney: the u.s. ambassador to mexico is stepping down during a wave of senior officials delete the state under the trump administration. a 30 year veteran was appointed by president obama in 2016 and she leaves a string between washington and mexico cit

made him it can only bring disaster to china to us and the whole world . china does not want to trade war. studio or aluminum from japan did not pose a threat to u.s. national security and you can track 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 either 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 this 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 wher

we are far from that in china. haidi: in the context of china's opening up and reform ambitions as well as the looming trade war with the u.s., do you think this takes on significance? michal: symbolically it certainly is a very strong position by china to say, we are not buying into all this protectionist talk coming from the u.s. we are buying, we are inviting foreigners. we are making great efforts to liberalize and open up. but in terms of sort of actual impact, first of all we will see exactly what the trade war means and if it is a bargaining position, or does it become stickier. regardless of that, u.s. flows into china will even triple this year because refiners are looking for more u.s. grade. let's put that in context. perhaps a 300,000 barrels a day when china is importing 8.6 million of oil. there will be a lot of rhetoric, then there is reality. haidi: great to have you on for us. the asia analyst, ahead of trading starting in china at 9:00 today. rio tinto is concerned about trade tensions between chi

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

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

-china relations. donald trump recently signed legislation that would improve relations between the united states and taiwan. if you are a person of a certain age you'll remember that all of the stuff in your house used to come from taiwan. this would encourage diplomatic activity between the two countries and that has infury ated the chinese. taiwan is an island north and east of hong kong. the u.s. does not formally recognize the island as an in dependent nation because china forbids it. they consider it a province even though china has its own democratically elected government. before 1979, the u.s. did recognize and have diplomatic relations with taiwan. that is what everybody treated as china and turfed taiwan aside for a more lucrative relationship with the peoples republic of china. we decided it was more lucrative to support china than taiwan. joining me now is gary lock, a commerce secretary under president obama before becoming the obama administration's u.s. ambassador to china. before he se

export to china was soybeans china is also already announced an investigation into sorghum green something these don't sound very sexy but they hit midwestern states that are very pro-choice. up and so if china wants to pursue some of the same strategy as the e.u. proposed pursuing which was selecting certain. firms out of very selective states for example i think harley davidson was out of wisconsin that was going after paul ryan his home state this idea of let's put pressure on those states that are allied with the people who are putting these in a place if they say we can have a political effect on trump then maybe they go with agriculture but yes if you are a retail if you're a retailer in the u.s. if you're wal-mart you're nervous they have a huge operation overseas if you're building things in china as a lot of u.s. firms are you're nervous and then there's also been speculation that what if china chooses to dial back its purchases of u.s. government debt there are enormous purser of u.s. treasuries that could be destabilizing so they have options this is a tangled web of globalism o

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

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

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

also coming up china says it will fight to the end trump goes ahead with new tariffs that will hit sixty billion dollars worth of its trade every year amid growing fears of a global trade war find out what the german government's transatlantic expert thinks. leaders heave a sigh of relief at their summit in brussels they hear that europe will be exempted from crumbs of steel and aluminum tariffs for the time being. i'm sorry so much got the good to have you with us u.s. president donald trump once again dominating the world's agenda with two moves replacing his national security advisor and proposing trade tariffs against china on security it was well known the trump and his former national security adviser didn't always see eye to eye so it was no great surprise when he named a conservative bush era hawk john bolton as his new with national security advisor trump announced on twitter that bolton would replace a general master bolton has advocated using military force against iran and north korea so his appointment could mean dramatic changes in the administration's approach to crises ar

not just china. if you could, i know this is a lot, and you can amplify it in writing if you want, if you could address your strategy or the administration strategy on global steel overcapacity addressing that, pushing back on thea and thirdly, beyond cheating china does, working with allies to address those systemic trade cheaters. >> first of all, i would -- we don't have the numbers but i would shorten my response by saying i agree with almost every single thing you said and i only add the "almost" because i have to dice it to make sure there wasn't something notionally i agree with. i think you're right as a matter of fact and as a matter of tone. and i think that administrations for years haven't dealt with the problem and it's not one of these problems that's going to go away with the invisible hand because there is no invisible hand. everybody else is acting. i would also note in the '80s it was at that point a serious problem also and the reagan administration -- and i had the honor to do thi

korea demands will be which will help china. 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 kim he was welcome to visit china again the visitors left happy adrian brown al-jazeera beijing. well china and north korea have a mutual defense treaty signed decades ago but chinese leaders have tried to convince their neighbors to stop developing nuclear bombs the chine

chairman, china forces technology transfer if you want to do business in china. it's a huge area, and it affects almost every technology company that goes there. the third part, the way we analyze analyzed it, they force technology licensing at less than economic value. the third one is, they have a program that's really hundreds of billions of dollars that's state-owned buying of technology in the united states, and it's very complicated and difficult and it's not market driven either, but it's very effective in something that we have to worry about, and then the fourth leg of this, the way we see it, is the issue of just plain old ordinary cyber theft. now, you ask about remedies, so technically, to me, among the things one would consider would be tariffs, and i'll address that right know because that's your specific question and i know concern, mr. chairman, but also restrictions on investment. we have senator cornyn, who's a leader -- one of the leaders in expanding the program, something that we're very strongly about, want to encourage. the idea, if the pre

is that a concern for china? claire: to china it is a trade surplus. yvonne: a trade deficit for this month. claire: oh, for this month. it is not a concern because we think it might be temporary. yvonne: due to seasonal distortion? claire: yes. chinese new year. yvonne: we saw a sizable drop or the month. is the reason to believe this is more than seasonable? claire: we have to be a little more careful because of the -- it's better to look at it pboc number to see the reserve. it's largely stable over the year. yvonne: claire, thank you. jetties conglomerate dan tower group is not concerned by trade tensions between the u.s. and china. said he will continue to look for assets in the u.s. concerned.ot two big powers like china and the u.s. should be partners in a trade war will not take place. the two countries need each other, i think. >> do you expect to face more hurdles in the u.s. market? does it make the u.s. market less attractive to you? >> so far i have not felt so. >> they are looking at giving and thatore power could potentially impact compa

up to this point we're pushing china, we'll pressure china. you and i had conversations on the show. china doesn't have the same interests as north korea as we do? by the way some sanctions, evasions, tactics, china turning something of a blind eye. trish: maybe we're playing tough. maybe we're playing tough. china, you're not cooperating on north korea. we'll stick 25% tariff on all the steel you send here. >> trump is following through on campaign promise. he is standing up to chinese manipulation and chinese economic aggression. but when you stand up to bullies sometimes unexpected things could happen. we shouldn't expect this to be painless. trish: it's not. we're down 500. there is pain in the markets. buck sexton, thank you so much. >> good to see you. trish: look at pain again. market tanking amid the news of new tariffs on steel and aluminum imports. we're going straight to the nyse next for more reaction. trish: air raw huckabee sanders in daily briefing talking about tariffs. >> he is making that announcement. >> he is concerned abou

it is china that has been enforcing sanctions against north korea china didn't want to do this it's always believed that the only way to bring about a lasting peace on the korean peninsula is true dialogue but now it's almost having to accept that in fact sanctions have worked here we have of course two of the world's most unpredictable leaders president trump and kim jong un and of course in today's politics two months is a very long time but if this event happens it's going to be an event laden with history the sort of history that accompanied president nixon's visit to china in one thousand nine hundred two that led to the united states stablish ing diplomatic relations with china. the united nations coordinator in syria says government shelling on a rebel held on klav is putting an aid convoy risk strikes hit eastern of all the justice thirteen red cross trucks were entering the area the delivery of food and supplies was s'posed and on thursday because of the fighting the u.n. says the shelling happened despite safety assurances from those in the conflict including russia earlie

-china pension? kenny: i think the private equity industry will have to be more specific into the industries they pick. there is a lot of capital raised -- and in terms of the countries that they need to invest in asia and particularly in industries they should be investing in -- the selection will be more stringent. the returns may be a bit more lopsided, but that is what i think is what happened. in the last two years we see capital raised in this industry. haidi: what are your clients asking you the most about and what are they concerned about at the moment? our clients are mostly chinese, and are deeply concerned about the volatility. they are indeed actively thinking about planning to enter a stage in their life where they do family planning, which didn't happen three or four years ago. this questions about how to think about this -- and all these questions are unique in asia and has been asked before. toare planning ourselves provide full-service not just on investment but things other than inv

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

rishaad: china does not want to see instability, hence why -- tim: china, i think china wants to see a stable and strong europe. brexit was a little shocked to them. there are populist pressures in other countries. europe might be strong enough to pull through this, which i think is what the chinese are hoping. this is an important partnership. not something brought up in the national people's congress. tim: not specifically, but what we have seen from xi jinping, they will be some rhetoric about greater opening in the chinese economy. we after the party congress, greater stakes in financial businesses and so on. there may some more measures along those lines that would fit. rishaad: let's look at the way china needs the eu, and vice versa, if we have this world going into a more protectionist phase, given what donald trump is doing with steel and aluminum just being the first salvo in a trade spat, hoping it is not a trade war. tim: since trump's announcement, eu and china again have been aligned on something in response to a u.s. position. we saw that previously on climate change,

china is saying that the u.s. tariffs set a very bad precedent. 225re seeing the nikkei easing gains and chinese large caps losing 1.2%. shares are seeing declines for a second day. i want to check in on the eight h-share gauge. dropet for the worst today since july of 20 -- worst two day drop in july of 2016. sliding 2.2% ahead of results due out this thursday. it is expected to round out a solid earnings season for china 's top oil and gas players. after theyom, rising turned bullish on the stocks after evaluations, saying they will be defensive in a volatile market. rishaad: looking at facebook and that story with the rest of the first word headlines with paul allen. paul: the fallout from facebook's data scandal is spreading. it is redefining -- redesigning privacy settings. say things are being reviewed to make sure they make the correct trade-off in regards to user data. topbook is no longer the punching bag. amazon is the new target. capng $53 billion in market on wednesday. it came after axios said preside

and china? are we on the verge of a trade war we'll talk with peter navarro up next live right here as we look ahead on sunday morning futures we'll be right back. pssst. what? i switched to geico and got more. more savings on car insurance? a-ha. and an award-winning mobile app. that is more. oh, there's more. mobile id cards, emergency roadside service... more technology. i can even add a new driver... ...right from her phone! geico. expect great savings and a whole lot more. maria: welcome back trade fears rocking stock prices after president trump announced new tariffs and restrictions against china. peter navarro is the director of office of trade and manufacturing policy and he joins me now peter it's good to see you sir thanks for joining us. >> good morning maria. maria: tough week for markets on these policies. what are people missing, peter? >> i do think it was an over- reaction based on incomplete information. you have a virtue us cycle of global synchronized growth as you talk about

well china says yes plenty of measures to fight bag areas of. in pods so i've been through all the electronic chips and spies don't forget you know china is h.-u. the largest manufacturing base for some of the largest our u.s. electronics companies such as apple as well as intel and of the u.s. also has traits up last surprisingly in the small area of every culture and that's where china presence d.t.p. is actually are hitting at it's actually launch a probe into u.s. exports of soybeans saw them and is studying ways to restrict shipments also have been coming into the country and these are target and other crops that mr trump's support and some politically important farming states and china can quickly also throw out non-tariff obstacles to trade such as stepping up safety inspections and the people were essential for goods and to the country so these are some of the tit for tat things that china could do to the u.s. to get back all right linda was just talking them michael about some hot rhetoric from china towards the united states do you thi

in china. this is bloomberg. ♪ betty: this is "daybreak asia." i am betty liu in new york. yvonne: i am yvonne man in washington. turning up the heat on china, trump calling for tariffs and restrictions on china. let's get the tom mackenzie. he has the story from beijing. good to see you. president trump slapping tariffs on steel and aluminum, he did mention this is not the only stop, the next seeming to target intellectual property. tom: this is the stage where it becomes concerning for china, they don't need to be too concerned about the metals tariff. but in terms of broader tariffs on a broader range of sectors, yes, that is going to get china's attention. politico say they have three sources who told them trump was presented by robert lighthizer, representative, with a package of tariffs worth of 30 billion u.s. dollars a year on chinese imports. trump said the amount is not high enough. lighthizer has long been a china hawk, he will go out and come back with a higher package. the offici

and china. haidi: that was the singapore economic development board chairman speaking to haslinda amin. -- onature to bloomberg bloomberg to bring to retention is tv . it to watch us-- live our catch up on previous interviews you might have missed out on and do a deep dive into the securities were bloomberg functions we talk about. you can also join in on the conversation and send us instant messages, questions for our guests. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ rishaad: haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. rishaad: i am rishaad salamat. the business flash headlines. , squaringook at apple up to google in education, a market it helped to pioneer, but it has allowed to languish and is releasing a new ipad for students that targets google's chrome book laptop as they have become popular in schools. what about pricing? for students and teachers. meanwhile, others can buy it for $329. apple introduced a new servic