or china. >> fair enough. >> china is managing its vulnerability to what happens in china. there has been no fresh new money from china to venezuela. the grace periods established for previous loans has been suspended and china has just given the amount of money enough for venezuela not to default on china itself. and is trying exactly as rightly said by the assistant secretary and china has also tied it with physical oil and so on, assuming that venezuela would be able to deliver them now. the point is that there's no necessary grand strategy. probably as far as being aligned and investing in supporting maduro, might more likely come from putin, not from china. china is managing but it's not ready apparently to invest more at the margin. as far as the caribbean, caribe has been quite important for them so they are managing that. >> shanti, any final thoughts? >> i think this conversation has been really rich and we've touched on many of the issues that you've highlighted in this issue. i didn't weigh in on your last question about the plateau versus growing, but one thing

china is 1.3 billion, and you can imagine it's not an easyjob. so obviously china... not an easyjob for who? for the leaders in china, in beijing. listen, i mean, china has actually done amazing things over the last a0 years. the economic reforms have basically lifted most poverty out of china, from the chinese. but how do you move that forward? now, we have 300 million middle class in china. how are you going to continue to meet those expectations? through increasing authoritarianism, then? well, i think there is a mix of — if you let all chinese behave the way they want to behave, i think china would be a very different place today. so i think you do need some sort of a top—down approach. but you're right. i mean, how much longer can you continue this way? but i think, for now, i think it's probably the best way for china, to have certain control, certain directions from the top. although hong kong operates very differently — that's why we have the two systems. hong kong is more market—driven, whereas china is more central, top—down approaches. so you acce

here's china in 2013. here's china in 2017. so there's been huge growth relative growth in bond issuance in china in just the post-crisis period, essentially driven by the explosive growth of the local government bond market. so china now has essentially call it the third largest bond market in the world, probably going to pass that of japan soon. and here's the growth, you can see year on year growth, this is in percent of gdp. here's the central government bond market. here's the local government bond market. huge shift in financing away from bank borrowing and other forms of borrowing towards these local government bonds. and this debt is used to finance construction and infrastructure. here you can see social housing, construction, land development, essentially that's what these expenditure is going for. and there's been a huge growth, as you can see, here's just another way of showing you, here's the sovereign bond market, pie chart of the whole, here's the local government -- local government bond market. here's corporate

of china. and this is not the way to have a good policy, and it's not the way to advance u.s. interests in the future. >> thank you so much. thank you so much, ambassador. i think we have run out of time, and we very much enjoyed this conversation about china that is growing, a country that has lifted hundreds of millions of people out of poverty that you often talk about in your reflections, and it's most definitely the most prominent hiss history of advancement in human history.

well, what's happening to china? is china different because of the scale of china? which is so much larger than all of these other countries. when did rampant economic growth begin in china? it didn't really begin with the reform and openness policies in '79. the period from '79 to '89 was a period of laying the basis for subsequent rapid growth in china. if you recall, they set up experimental economic zones in the south of china. and then you had the developments of '89 to '91 and then you reaffirmed in 1992. it was '93 when china's rapid growth took off. it was noted immediately by the american business community and it was totally ignored by the american political system which thought that nothing had happened. so we have only had about 25 years of rapid development in china. but what's going on in china right now? all of a sudden we discover that western ideas have become this dangerous element. so while we are saying that engagement with china failed, xi jinping is struggling with the influences that emerged as china has successfully modernized its economy and

goals development methods how china and china is the biggest. economy in the world today and by p.p.p. it was very interesting to learn how to china is going to develop develop relations with its neighbors and this is very important for russia and of course too many of our colleagues are gathered here in. obviously implementing this but when a man's belt in the road initially. promoted by our chinese colleagues they are going to strengthen be cooperation in your reship this goal really brings us together. and it provides for harmonious consistent and development out by throughout the continent russia has said a number of time use that they initially of proposed the chinese president. is very close to russia's idea of your region partnership which is all about integration. very. good. to integration a process that is taking place in your asia as russia is ready to take efforts to create transparent and convenient conditions for corporation or through the eurasian continent it's very important between that come up with proper responses to the risk

deal with china that lowers the u.s. trade deficit with china? pres. trump: i think a trade deal with china is good for the world. it is very important. we will see if it happens. we have never done a deal like this with china. it is a very unique set of circumstances. it is a massive deal. it is the biggest deal that is ever been made. there cannot be a deal like this wherever you look. this is the granddaddy of them all. we will see if it happens. it has a very good chance of happening. i think it will be great for both countries. it will be a much fairer deal for us because, over the years, we have lost a lot of money to china. china has done very well. i don't blame china. i blame the people that have sat at his desk. they should have never allowed it to happen. it will bring a lot of things back. it will be great for the united states. it will hopefully be good for china, too. it would be good for everybody. >> what is still left to be agreed to? pres. trump: we have things we're talking, intellectual poverty, protection -- property, protection, a

so it is true, globally, i would say. 0nce china goes to a country, once china invests a nd china goes to a country, once china invests and sets up a country et cetera, of course it will be much better if you can generate goodwill. but sometimes it will take time. let me give you an example. look at the bridge between hong kong, macau and china mainland. there are critics, many people say it will not make money. but i am sure in due time it will create so much benefit for the people in this part of china that eve ryo ne people in this part of china that everyone will be proud of that. and people will like you. alvin. you can never purchase respect, you can only earn it. this is my answer in response to parag. world is wondering what kind of rising power is going to be and what it will use its power for. so far there are positive aspect and people can see those and there are some negative aspect. but it is hard to say, still. i think the jury is still out and they are waiting to see if they can be convinced that china will use its power for lofty goals that it states in its beaches or i

or china out towards europe have been very much evolving in the last five or six years china is offering an opportunity for joining vestment that has its risks also in case a country is not able to repay that investor and therefore you will actually potentially fall in on the in the shape of the chinese investment that should not be the case in case of italy however when you look at the tribe administration today doesn't have any answer to the increasing presence of chinese investment instead of offering a win win scenario get out of the. in the dust works on trade disputes and trade disagreement potentially raising tires on aluminum raising tariffs on all the other key imports for just challenging and idea of globalization by pushing for the gender of the character first remy to travel very hard hold on hold on don't hold your i.r.s. or brother good try to hold those sobs gentlemen we have to go to a hard break and after that break we'll continue our discussion on china's state with our. join me every thursday on the alex i'm unsure when i'll be speaking to guest of the world of politic

to china. in an economic sense, the u.s. is already very near both employment. it's questionable how many extra goods and services we can actually produce and send over to china. you might see some repackaging of purchases that would already be made in any case, maybe some pulling forward of purchases that could be made in subsequent years or commitments being routed, instead of going through third countries. like canada allies or australia or countries in southeast asia selling less, but instead having the purchases go from the u.s. to china. even if those purchases happen, i think there is a basic sort of contradiction that you're talking about between one of the major goals that the trump administration had in launching this negotiation. adam just mentioned them here. is encouraging china to be a more market-oriented economy. i mean, that is kind of the whole reason for launching this negotiation. when china decides to make these purchases, many will happen through state owned enterprises. m

had china -- of u.s.-china diplomatic relations. it led off with jay. stapleton roy reflecting on his experiences growing up in china and this perspective -- his perspective on u.s.-china relations. >> thank you. let me get these out-of-the-way. good morning. >> good morning. honors a pleasure and an to meet with you this morning. the mission of global chinese connection as i understand it is to build relationships that will change the world. i am here this morning to talk about one of those relationships, the ties between china and the united states. it's a subject dear to my heart, and i think many of us here would agree that it's a relationship that has the potential to change the world. china for seven years during the japanese conflict in world war ii. my earliest memories of china as a three-year-old and four-year-old were of sitting in out and listening to bombs falling outside. believe that children are flagyl -- fragile blossoms and early childhood determines what you think about such issues, i should shudder in terror anytime i hear the name c

china is big china is sponsored china is high. the nation is striving for power to become the technology of the world. and road initiative it's twenty first century silk road it's been called by the red chinese martial plan or a state backed contain for dominance but does the trade go the way. we cannot let mutual suspicion so we all get the better of us from. your one straight but. this has to lead to a reciprocity that we are still struggling to achieve using in the much fun. china needs market. needs outside. europe in industries are increasingly falling under chinese control. for the collision to clear european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who way. is china spying on europe. none of those is naive. e.q. china relations facing new challenges time. a thoughtful. the only one on hardball and you said you were looking for the cl

china is big china is fine china is high tech. nation is striving for power to become the technology hub of the world. and road initiatives in twenty first century silk road it's been called by the rich chinese marshall plan back to campaign for global dominance but does the trade go late. we cannot let mutual suspicion get the better of us from. europe one straight but. this has to lead to a reciprocity that we are still struggling to achieve during in the months from now . european industries are increasingly falling under chinese control. of the. european enterprises need to get the same degree of access to the market as the chinese get in europe. china is a global player when it comes to digital infrastructure europeans have long been familiar with the dominance of chinese giants like who way. is china spying on europe. none of us is naive. china relations facing new challenges time and even a couple. you know hardball when you said you were looking for the closest possible relationship right here or should we disregard the sp

in china. consumer inflation jumped in march. the biggest increase in more than a year. while the trade talks rumble on, exports jump 14.2% in march from a year earlier. falling imports. the trade surplus balloon from the previous month. strong credit numbers with aggregate financing exceeding alexa and its. a trio of strong data points today. much higher than forecast. retail sales, it .7%. 6.4% was the number that got stamped on the bloomberg. joining us now to put it in context, our guest. chief portfolio manager of ark capital management in dubai. and a senior economist at anz. let me ticket to the economist first of all. good morning to you. you upgrade your growth target this morning on the back of this data. how much believed you put in the data that's in front of us? it's quite stupendous. >> right. ,n terms of the data today there are three takeaways from our side. the first is the 6.2% gdp growth for q1. it's in line with our expectations. we expect the growth to pick up from q2 onwar

and china. north korea sought rapprochement with china as leverage to bring truck to the leveraging -- negotiating table. in the same way, north korea uses the dialogue to put pressure on china. along with dialogue with the u.s., north korea is also developing inter-korean relations a red this forced china to intensify its diplomacy. north korea has reminded china of its energy. china seem to take a reactive position. north korea is of particular interest to china as a territory and cheap negotiations with the united states. faced with an american president, we need to talk with the north korean leader, china felt its need to restore its influence over north korea. at the same time, while china considers the peninsula's influence, it is not interested in any significant changes. it benefits from maintaining the status quo. for this reason, china would not favor north korea establishing closer ties with the united or rok. it would seek to control or interfere in the current process. experts say e

a long time china. joins us now what these actual stimulus measures and why could they backfire well with the trade war weighing so heavily in china they've introduced various measures they're investing in infrastructure to do all this they're making it easier to borrow money so they're cutting reserve requirements and cutting taxes for some corporates and trying to get everything to two to help boost the economy how they could backfire is because as you mentioned the government to china is already saddled with quite a lot of debt so it needs to try and balance the need to do this stimulus but also to make sure that it doesn't like things to run out of control as the o.e.c.d. has worried it certainly goes the idea of the building at a time that its economy is shrinking this is something china has done many times on that it helped bail out the global economy in many ways in two thousand and nine and it has got the right idea the problem is always finding this balance between letting letting the corporate

china. let me try to illustrate that for you. look at our bloomberg chart. this is the one your rate. this is where they came in. that is a 15 basis point discount from where it is. our editor is here. what do you make of this? what are they trying to do? >> as yvonne was alluding to, they are focusing on making sure that there is sufficient liquidity in the system. what they are not doing is cutting rates. either the benchmark lending rate which some economies -- economists anticipated they would do. r., the rr that would have unleashed more firepower into the banking system. one chris: of the interesting things about this is the focus ofliquidity -- chris: one the interesting things about this is the focus on liquidity and pboc monetary policy. it underscores how much the old-style, traditional economic arecy precepts for china prevailing. talking ago, people are about the pboc and china moving toward a market-based one is very. where interest rates would set whether they were focusing on

so democracy in russia, china and iran depend ultimately on the people of russia, china and iran. so the central message of the rise and fall of peace on earth is optimistic and pessimistic. there is good news and bad news. the good news is we have a formula for peace. the bad news, we do not know how to implement. and that leads to one final question. given that we cannot make the distributors of the piece, democracies and thereby restore democracy, what can we, by we i mean united states and other democracies do, to increase the chances that these desirable outcomes will come to test. what can we do tonight she's countries in the desirable direction. in my view, there are three initiatives. three policies if you like. the united states and other democracies can and should undertake to try to push the world in a desirable direction. first, you can and should adopt a refurbished version of the cold war policy of containment. during the cold war the united states and the democratic allies opposed the political design and resisted the military initiatives of the soviet union. in the

china sells far more to the us than the us sales to china. president trump wa nts sales to china. president trump wants this to change. but if anything, the trade war has made it worse. the trade deficit with china jumped 11% last year to a record $419 billion. the us jumped 11% last year to a record $419 billion. the us has also become concerned china might agree a deal but won't stick to it. us trade representative robert lighthizer has told congress that any agreement must be enforceable. china has made some concessions already including new laws to give protection to foreign firms. but according to bloomberg — there is a plan for 100% foreign owned companies to be allowed to operate in all sectors by 2025. as things stand, many need to form a joint venture with a local partner. we have agreed to far more than we have left to agree to. and in fact, i would say, i think i can say that some of the toughest things have been agreed to. we have some things that are actually easier right now that we're doing. but it's a very, very, using a word i don't like using too often, but it'

across talking china i'm joined by. my guest patrick lawrence in new york he is a foreign affairs commentator whose columns appear in consortium news in other publications also in new york we have remy p.a. he is a senior director at america's market intelligence as well as a research associate on political economy and foreign policy at florida international university and in paris we cross the from the he is president of asia center i'd jump in cross rules in effect that means you can jump in anytime you want and i always appreciate this but this program has been inspired by an article you wrote of the consortium news i saw the the white house's reaction to italy joining this initiative the chinese initiative belton road this is coming from the national the national security spokesman mark a has italy is a major goal of global economy and great investment destination no need for italian government to lend legitimacy to china's infrastructure vanity project well this is a lot more than of vanity project and it sounds mo

this is a display of china's new role of china's new power the burton road initiative is a signature project by sea jinping by the president who has been advocating or promising that he will lead in a sense of china as a world power now having all these word leaders traveling to beijing on a summit for a project that has been funded founded and is run by the chinese government is of course a display off this power somebody asked me could not report their critics off the belt road initiative some say the project reflects china's ambition to expand its influence and become a deal with superpowers how does maging respond to such criticism. this yasin a lot of criticism on the ballot and road project specially from countries that were previously kind of that were joining this project western countries have been wary for some time but a lot of countries in the global south have cancelled projects have renegotiated projects governments that were embracing this project were voted out of office so china how to address this at some point they promised more sustainable ecologically and financi

china southern up 9%. all at these chip stocks, on this trade positivity when it comes to getting a trade deal. chip stocks rising for a second day. now we are hoping that could propel higher. mc's chipset picked up as well. a lot of optimism on that front. this is bloomberg. ♪ >>: 20 9 a.m. in hong kong and 10:29 in new york. i'm su keenan with the first word headlines. president trump will meet the vice premier later amid signs that trade talks are edging toward a deal. top white house economic adviser larry kudlow says discussions are making "good headway," but no deal yet. property and an enforcement mechanism to ensure china honors its commitment. voted byparliament has the closest possible margin to block any chance of a no deal brexit. 313-312 with only one vote difference to stop the country from crashing out of the eu without a deal. although there is still no clarity on what such a deal would be. labor leader jeremy corbyn says initial talks with prime minister may for constructive but inconclu

will china be allowed to retaliate? on the chinese side, there's going to be a deep concern about stay on the table and which are removed. even a long way to go in stay e though time now appears short. >> amazon reported quarterly profit that exceeded analyst estimates as it focuses on cloud computing, advertising, and other high-margin businesses. it was not all good news, though. from mattthe details in seattle. numbers look good, but the stock in late trading has been fluctuating. what is going on? been blown out of the water from a net income perspective, just crushing expectation, but they also hinted that spending was going to proudly rise, that they have been on a relative positive terms of payments to build that the billions of dollars worth of data centers. that's probably going to pick up in the back half of the year as their need for capacity ramps up again. >> amazon did drop a bombshell saying it's going to change its prime day standard delivery just oneom two days to day. what is going on their? >> ethic t

kind of hope and then the people in china and not young students and young people in china they are not like our generation they brought they were brought up in the internet generation they when they process information it's much more to form for individual expression. and then in and then they want that they want to keep that they want to be able to do that so feet and everything went and then and then they when they realise the whole china's information flow it's like a manger scene from that like there's no google there is no facebook there is no twitter and then the only way you do it is we call it climbing the wall which is a v.p.n. and like that then it has been declared illegal in china so you can see the effort to try and if government trying to block inform manged in china and then we've got information there is no environment for people to to discuss to debate to exchange ideas so you can sometimes you can feel very frustrated and then you almost feel like the chinese students chinese young people. they don't care but i believe searching for truth and searching for. searching

really really is sest its relationship with china and its position towards china in the last years if we look at it i mean these complaints you already mentioned intellectual property so after dumping state aid that was hidden elect of france parents the like of market access i mean this long range that already has been there it's always been known european business always complained about this and now fine of the lead the e.u. has said we have looked on long enough we have looked on and not taking action we have not made clear where our interests are and we just finally need to take a stand so if you talk to europeans these days. here in brussels their word is this is the end of naivety towards china we just have to search our own position and our own interests and that is what this meeting is about and yes it will be it totally changed climate the more i'm only in stance of the earlier years with the e.u. would always says sort of complain a bit but then in the end given that is not going to be like that anymore it's all over do you what does china expect from the summit. well spoke

along the way so what's this new silk road all the ballots and what role does china play in hopeless . these workers are assembling cooling and heating units for industrial buildings they are later going to be shipped to the u.s. pakistan bangladesh and mexico you have dark or broad group is a company specialized in energy fission the air conditioning heating and air purifying they'd leave broadest planning for further international expansion. in that union and the delta raid initiative is a good opportunity for us to cooperate and to promote our business further we expect to see a lot of new opportunities where we are the other day she heard the. president wrote also called the new super road initiative is a massive investment program by the chinese government into international transport infrastructure in the past decade china has invested massively in its own infrastructure now it builds roads railways in ports around the world china says the initiative is designed to boost international trade and cooperation but critics see there's a means to extend china's influence beyond its b

mgm china and others at hold. this as worker incomes rise and tax cuts are stimulating the chinese economy. haidi: thank you. before we go to bloomberg markets asia, the resumption of trade from greater china markets after the three-day long weekend. this is how it is now in the monday morning trading session. the nikkei is flat after japanese equities climbed to a one-month high in the friday session. seoul treading water. here is trading in sydney, reversing losses that underperformed the broader region last week. most of the gains from energy and health care. we continue to see oil prices and iron ore prices rally this week. we also look ahead to a reopening of markets in china and hong kong and taiwan. shery: let's check on the futures. we are seeing u.s. futures under pressure after major stock indices finished on a six month high. taiwan futures up .6% and look at the chinese yuan, holding steady at the 6.71 level. they have been stuck here for eight weeks. stability coming through as we hear more trade opti

important to china. the one belt, one road initiative is with the view of 20 trillion u.s. dollars. at the moment, taking a small psuse. that is to do with the trade tensions and backlash with southeast asia. we are seeing this emerging. and i think that china is going to have quite strong growth onwards. chinese growth will upset the price of global growth as well. haidi: amanda, you talk about the structural measures being taken. i am wondering, at the same time, you are seeing this resurgence in issuance of local government debt and financing vehicles. isn't that the old playbook? isn't it fair to say that beijing has abandoned its deleveraging efforts? amanda: it is a very interesting point to note for the current market. it is one of the things i noticed that because of the trade tension, that could lead china to irrationally stimulate the economy. and that is creating more bad debts. the market was in the corrective mood since before this year. and the shadow banking was tightening. they want to im

market in china with the change the system of china and finally we discover the market economy that is winning the world is another called very efficient as well in raising standards for its people lifting millions out of poverty. in europe we never work and also in some part of the of the west europe when they were because of. the prize the individual to the collectivity in their work in chinese working from one thousand is a concept that seems the foundation of china but. is there any middle ground i mean we are talking not a major infringements on human rights or putting people into concentration. camps we are simply talking about streamlining policy on technical issues. with china is not going to sit around and. look for example to the agreement to worldwide today you are. of trade agreement or why the united states. members they negotiate to. be to delegate to negotiate to today you are. in front of. the want to negotiate with the european union and the single county example the second example europe has been through does make a. unique case in the story. and to the. security to b

. >> china has set its sights on the indian ocean. it's promising a bright future for all those who help reach its destination. but stung by land acquisitions, the people of rakhine state are still wary of getting on board the "belt and road" initiative. ♪ >>>> thihis is francnce 24. i am jeannie godzilla. these are the headlines. godula.genie party vox makes a first entry into p parliament. live coverage from madrid coming up. nothat the french

a short week in china. apmave important and manufacturing numbers out of china. we did get decent industrial profits over the weekend. it can be hard for people to get too much enthusiasm. china's main indices are in the midst of a correction. hard for people to get to bullish when they are about to go on a long break as well. we have also got the president saying he sees cloudy outlook for the global economy. there's plenty of reasons why traders would want to look back over the past quarter, see what has worked and what has not. we have also got banking results out. what they will be looking at is the outlook for the second and third quarters. we know the first quarter has been an improvement, but they want to know, is this sustainable? carry stimulus going to forward into the second or third quarter? that is what investors want to know. they are not ready to make a big judgment one way or the other. course we had u.s. gdp data on friday. president trump saying they smashed expectations. economists a bit more guarded. how might asia react to? mark: some of the

of china. this is bloomberg. ♪ china education group has reported a 43% increase for the first half of 2019. the cfo spoke exclusively with bloomberg with where they are seeing the next opportunities outside the mainland. have 200 targets in the country. we have close to 40 targets overseas. we are still looking for some foreign opportunities. when you're looking around at foreign opportunities, where you seeing the biggest potential for growth? we have some requirements. we prefer to be english-speaking. we can communicate with the management team as well as the students and teachers. the other thing, we would like to have some synergy with our school in china. the synergy will probably come from we can export our student to the school as well as we have the program that we can bring from overseas to our school in to bring it to our students. after taking this program, our students will get a foreign communication in addition to the local. >> there has been an interesting provision by the ch

china's economy grew slightly faster than expected in the first three months of this year and that's despite the country's ongoing trade dispute with the u.s. but some analysts say treat official figures from beijing with caution. and there are exceptions as the sun is so germany's premium come out of factories say they have been talking with the negatives market trends in china. visit of your business . and welcome the chinese economy grew faster than expected right during the first quarter of this year and let's say it was propped up by u.s. president donald trump backing down from a threat to escalate his trade for last month and government stimulus measures stocks closed on a thirteen month high on the news but some analysts doubts that official figures from beijing can be fully trusted. spring is in the air as china blossoms but that holds mainly true for the country's flowers and trees the chinese economy is stable but not blooming is brightly as in former years on the one hand there's the trade dispute with the u.s. that's taking a toll on exports and scared off investors and

makes big promises in brussels equal treatment of chinese and foreign companies back home but will china walk the talk. welcome to business i'm jenelle and in berlin good to have you with us president donald trump has lashed out at europe for subsidizing plane maker airbus saying that's made for unfair competition with the u.s. is boeing now trump wants to settle the score by launching a new round of tariffs on european products bringing together a decades long dispute and much more recent trade tensions. airbus isn't just an aerospace giant it's a pan-european collaboration supported in part by government subsidies a fact the united states says gives airbus in unfair advantage one that president trump wants to take action on via tweet he announced eleven billion dollars in new punitive tariffs on european products it's a conflict that has been brewing for fourteen years for their part their bosses european investors accuse the u.s. of propping boeing up with suspensions of its own both sides filed suit with the world trade organization and says both sides subsidies are on lawful. france

with china including china iran and venezuela. i think china is going to start a trade war with europe as well so that's on one side but at the heart of washington's narrative is that huawei could be forced by beijing to build him back doors or hidden methods of access and data into his products that would enable it to spy on foreign competitors steal intellectual property or even shut down foreign infrastructure remotely and i have to feelings on that because in the article does mention snowden and his revelations and one thing in terms of this seems like projection because they're saying that it could be used to steal intellectual property or have competitive advantage for their own national industry which of course was apparently done against brazil in petro bras and with our own spying technology but in terms of well as they say that ultimately southeast asian nations say that they calculate that they have to import a five g. technology anyway because they don't make it so who would rather have spying on you china or the u.s.

china are still sedans. we love our continental as well. when you grow the sales for the corsair or your suvs more generally, where does it come? where are looking to take market share? ,oy: as customer trends change and we are seeing that with the popularity of suvs, some come from sedans, but is also in the entry market. we have moving out of mass-market brands into luxury and that is the entry vehicle for them. we are also seeing empty-nesters who like to come down smaller like this size vehicle. they still want to luxury car. they want that cargo space. david: you understand this so well. marketing for all of ford, not just lincoln. are you looking to take it away from german car manufacturers or japanese car manufacturers or is it more from u.s. manufacturers? joy: we are willing to take the sales from wherever we can get them curate from the link in perspective, we are american luxury and leaning into our own brand dna. you can see that represented across our entire lineup. you said you will be making

china sells far more into the us than the us itself to china and president trump wants this to change. if anything, the trade war has made things worse. the deficitjumped11% toa things worse. the deficitjumped11% to a record $419 billion. the us is also concerned that china may agree toa also concerned that china may agree to a deal but will not stick to it. the us trade representative said to congress that any agreement must be enforcea ble. congress that any agreement must be enforceable. all this means that china has made some concessions. it has already changed some laws to provide more protection to foreign firms. foreign firms currently have to form a joint venture with local firms and that means sharing technology and commercial secrets. according to bloomberg there were plans for 100% foreign owned countries to be allowed to operate in the country from 2025. we have agreed to far more than we have left to agree to. in fact i would say, i think i can say, that some of the toughest things have been agreed to. we have some things that are easier right now that we are doing but it

and china. european auto sales and the weakness selling into china. i think we saw some glimmers of hope in demand there, that would be something to be excited about. i think if we got the substance of a real agreement, which is probably not going to come in the next couple of weeks, that could be something we really rewrite the script. jason: a lot of people don't realize how less important today today tradeportant is for china when their economy is only about 6% driven from exports. of what used 1/3 to be five to 10 years ago. ony have done a good job their economy, and the trade is regional with countries right in that region rather than the u.s. and europe. those are still big parts, but a lot of the trade is done within the asia region. david: like korean won and the aussie. lisa: that's what you've been getting some of the negative earnings out of south korea. buzz if you are sticking with us. meanwhile, we are getting some earnings. david: health care america has a nice beat here. $2.97, aser-share of opposed to $2.32 estimate. you can see they

s has china bottomed? and that's a question we'll have to shore up with more data, f.a.i., industrial production and credit growth. haidi: supply concerns and optimism over demand cents those commodities higher last quarter. that charlotte on the bloomberg showing that commodities had the best quarter in about flee years. the risks you talk about, especially only the demand side, how much of that can be offset by dovish central banks? >> sure, so in terms of what's central to commodities, it will be china. china counts for 40% to 0% of mining commodity consumption so what we're seeing right now and what was positive out of the two sessions was the local government bond issuance which is going to funnel into the infrastructure investment. that has limited about 800 billion yuan this year on top of last year. that sets the tone that we could see demand growth pick up. we expected the second half to be the positive half but if we've reached the bottom, that already may be translating through but a lot of econ

china defends its belgian road initiative officials say it's neither a geopolitical tool nor a death trap. and the russians on to get into south africa's marijuana market. i've been fizzling that steve is that the south african government has the. a three hundred fifty five million dollars lifeline to struggling utility eskom was originally planned for august but the state firm is on the brink of bankruptcy it's grappling with cash flow problems and a mountain of debt the company employs forty eight thousand people bank says it could operate with just fifteen thousand. it needs double that but just ahead of elections no one is planning on axing any jobs at all. south african finance minister tito authorized the eskom payment early a month after he himself compared putting more money into the ailing leviathan with pouring water into a sieve he said the cash would disappear straight into a bloated company which is neither technically nor financially able to carry out its prime task that of supplying south africa with electricity energy is south africa's weak spot state owned eskom is r

at the same time beijing also wants to strengthen ties between china china and taiwan after the pro independence taiwanese president took office in two thousand and sixteen and now with lots of people concerned about the nomic development in taiwan is coming as a very possible candidate because he is good at doing business and many people know it however his company fos com has has come under fire about its working conditions and high suicide rates in china over the years so he is controversial at some point will taiwan really prosper if he rules i guess only goddess of the sea would know the answer to the question thank you very much now when you think of the fashion world you think of paris or new york where these days you find that shanghai has become a new hub of fashion as well will and heels in china want luxury items and follow the newest trends and increasingly these trends are said by so-called fashion influences on instagram and other social media sites. here in shanghai top american designers latest collection is being presented to a select group of guests. and when john la was one of

and china. facebook fell after bloomberg millions ofthat facebook user records were found on cloud computing servers. we are seeing more broad optimism across the world. global stocks on the cusp of a bull market. almost 20% higher since december lows. let's see where the markets stand in asia. sophie. saide: that optimism looks to be transmitted to asia, where the future is pointing to modest gains, ready to track the rally we saw on wall street as trade talks continue in washington, d.c. we are ready to extend 11% advance for the msci aipac index. to keep on the radar, south korean figures, trade data from malaysia. keep in mind, taiwan is off-line for the holiday this thursday. shery: thank you so much for that. talking about the u.s. china trade talks. they are edging toward a deal with the white house economic adviser, saying negotiators are making good headway. joining us for the latest is bloomberg's trade and globalization reporter. how close are we to reaching a conclusion on the stocks

was one of the few lakes in china with suitable water for sturgeon. but the company's owners have also had to be creative. this sturgeon is a cold water species. cannot adapt to high temperatures. but will you hear through. the solution the fish are moved closer to the shore in summer their creeks from the mountains provide a constant supply of colder water. but the company breeds a wide variety of the fish including the highly prized beluga to breakthrough for the company's farmed caviar came in two thousand and eleven when kaluga queen convinced to look tenser to serve their caviar in first class today chinese caviar is enjoyed all over the world to say no money a distributor from the us supplies some of new york's top restaurants price quality and consistency is the issue. so proceeded to see the expectation for us put our customers. and in the past few years found a young child has also discovered what the fuss over caviar isil abouts. if . the law. the the. odd. coming. to our audience now come rushing anniversary of the law by and destroys the m

with china including china iran and venezuela. i think china is going to start a trade war with europe as well so that's on one side but at the heart of washington's narrative is that huawei could be forced by beijing to build him back doors or hidden methods of accessing data into his products that would enable it to spy on foreign competitors steal intellectual property or even shut down foreign infrastructure remotely and i have to feelings on that because in the article does mention snowden and his revelations and one thing in terms of this seems like projection because they're saying that it could be used to steal intellectual property or have competitive advantage for their own national industry which of course was apparently done against brazil in petro bras and with our own spying technology but in terms of well as they say that ultimately southeast asian nations say that they calculate that they have to import a five hundred technology anyway because they don't make it so who would rather have spying on you china or the u