with renewed for a bit to be china could it take in china. that the threat of climate change and combat the threat of china or saving the pain of watching you basically goes on like that some of called the quad the asian nato we say 50 denied because it is not a minute to your lines for the 1st time canada is participating in a joint exercise in the pacific ocean with the nations to comprise the one. definitely not a military alliance as ever though bear self-interest is likely to be the main enemy of this group they 1st got together back in 2004 to respond to the book day tsunami when they tried to go steady off towards. make it all a bit more official they realized it wasn't going to work because none of them really wanted to annoy china. now almost 15 years after they gave up on the cord in the 1st place they're back and they realize they do want to annoy china now because the us is scared of being used as the global bully indios just have a border clash with china literally with sticks and australia is facing economic sanctions from beiji

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

china is seen reporting

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

i would hope that we can engage with china in a collective way which finds benefits for china as well as for others in the region, the indo—pacific point you were making, and for the rest of us, rather than leaves everybody wondering what's going on and you end up with a kind of 1914 conflict by accident, because of changing capabilities. i think we are moving away from the unpredictability we had in the last few years towards something which i hope is a bit more predictable. and you've seen a very firm position from the americans and others against russia, for example, with substantial sanctions applied in response to the latest bits of cyber warfare. i think russia is getting a clear message. i want to end by switching focus and rather dramatically shifting subject matter, but it is, in a sense, linked. we've talked a lot about the future of britain's role in the world. you, in the early 1990s, spent a couple of years working very closely with prince charles in his office. you know him very well, and many of our viewers around the world will, of course, have watched the funeral of

china. to the threat. across the country. welcome to news asia it's good to have you with us japanese prime minister you're she said to be the 1st world leader to visit u.s. president joe biden on friday reports suggest an increasingly assertive china will be a key theme of the talks japan is also a security ally of the united states and both have defined the nation as a quote cornerstone of peace security and prosperity in the indoor pacific region i'll be discussing that further with an expert in a moment but 1st this report. and presidents and a prime minister new to their leadership roles but each with years of experience treading the fine line of tough diplomacy. increasingly the main tools of such diplomacy look like this. u.s. exercises with asian allies meant to deter aggression. aggression especially from the chinese who have just this week sent fighter jets to skirt taiwanese airspace. taiwan itself proclaims its strength by showing off new naval hardware. all this as u.s. diplomats diplomatically tell the people's

we also had the china credit impulse rolling over. and a significant underperformance on the back of regulatory concerns. it was a very divergent kind of first quarter. what stood out to me in that light was despite that, looking at the dollar, china is below 650. china is discounting a much more synchronized global growth outlook as the vaccination outlook picks up and the european commission expects 70% of the population to be vaccinated in july and they come or to terms with the idea that the chinese policy posture will be much more calibrated and specific to how much they are importing and it will be less of a blunt tool than it was in the past. the last thing that will matter a lot in terms of the fed meeting is the market started here thinking that the fed would be the first mover because the market u.s. would be the fastest to recover and while the u.s. has been fastest to recover it seems they won't be the first mover or asset purchases as we have seen in the last week where the ecb will probably release a pepperidge program i

china's perspective, when they look at the _ china's perspective, when they look at the nrap— china's perspective, when they look at the map where _ china's perspective, when they look at the map where shane _ china's perspective, when they look at the map where shane jan - china's perspective, when they look at the map where shane jan lies, i china's perspective, when they look at the map where shane jan lies, it| at the map where shane jan lies, it is bordered — at the map where shane jan lies, it is bordered by— at the map where shane jan lies, it is bordered by eight _ at the map where shane jan lies, it is bordered by eight countries, - is bordered by eight countries, afghanistan _ is bordered by eight countries, afghanistan and _ is bordered by eight countries, afghanistan and to _ is bordered by eight countries, afghanistan and to russia. - is bordered by eight countries, afghanistan and to russia. iiriliiej is bordered by eight countries, afghanistan and to russia. we are talkin: afghanistan and to russia. we are talking about _ afghanistan and to russia. we are talking ab

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

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

growth story in china? >> that is one of the questions for europe, as it is for a lot of the emerging-market equities. for europe, you have this chinese growth. we have seen chinese manufacturing has rebounded strongly what was lacking a little bit, which is interesting to say with 18% growth in the first quarter, but where it was lacking somewhat was consumption. we still need a little bit more to come through from the consumer in china. we have seen credit growth started to ease off a little bit. we will see what the bank of china has to say later this week, and if it does feel like it is taking its foot off the accelerator a little bit, it could be something of a headwind for europe. generally speaking it is manufacturing and exports continue to do well in china, that should help into european equity markets. annmarie: on the political side, we are going to have an update from berlin on the future of the csu, cdu partnership. are there economic risks from this? >> not at this point. there are a couple of

w. . 18.3 percent that's china's g.d.p. growth in the 1st quarter and it marks the biggest jump since china began its course of evaluation some 30 years ago we get some analysis from our correspondents also coming up the japanese fishermen are frustrated by joe his position to release treated water from the fukushima nuclear power plant into the sea they fear it will scare away the bias of the government says the water is safe. and university students in brazil are struggling to make ends meet amid the pandemic instead of getting a degree and many are for. to do menial work in a study in ruins. welcome to do business on one of the johns in brooklyn good to have you with us so china's economy grew at a record 18.3 percent in the 1st quarter of 2021 that compared to the same quarter last year and that is according to the country's national bureau of statistics is the biggest jump in g.d.p. since china started keeping quarterly records in 1992 the figure however is heavily screwed as the surge in growth comes off a contraction

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

china? i and balancing against a rising china? ~ , , china? i think it is very important _ china? i think it is very important and - china? i think it is very important and i - china? i think it is very important and i think. china? i think it is very i important and i think with the summit is also going to reveal to us is how closely allied are these parties and allies when it comes to the china challenge. just a few weeks ago before the ministers of defence ministers of the united states and japan issued a statement where japan directly calls out chinese behaviour that undermines international order. there was also a reference to stability in the taiwan strait and we want to see where there is confirmation that this more direct calling of chinese behaviour will be part of the diplomatic speaks between these two countries. you diplomatic speaks between these two countries.— two countries. you mention taiwan there, _ two countries. you mention taiwan there, the _ taiwan there, the self—g

dr is china's president is china president biden's foreign policy number one. absolutely we see in his speech that he builds a lot of this on the relationship that china and the competition with china he also addresses many of the challenges united states faces in the global competition said we really see very new. pricing he is the sighing and revolutionary also when it comes to foreign and security policy. he's also talked about the return to. internationalism a return to working with other countries to achieve his goals. we look at america against china but we look at europe against china there is no consensus of approach there is that. well i mean past certain areas where the united states. areas of cooperation with china for example the whole issue of climate protection. or efficient use of often sources is something where he started it entering and out of china and of course. and in certain areas there is more. cooperation between the e.u. and china but in other areas the united states clearly show that it's not only competition with china but he also see

on fox news take a listen they're going to give our country away to china china will take over this country if they don't do something very quickly and they've been very very weak and china and we beat john that so badly and then cover it came along and it was back to step one now as you know there are obviously problems with the truth there and what the former president is saying but despite that there are people who will not buy biden's tough stance on china how do you keep how do you get through to those people what thought he laid out a specific example in the 2nd part of the speech when he said i don't see why we should be producing wind turbines or why should we should actually purchase any of those wind turbines in china we can actually build them in texas or in pennsylvania or in west virginia and i thought that was a compelling case that he continued to say well we got a purchase in america but we also got to build an american i think the way to sell that is actually say this all has to do with american jobs and american infrastructure and we can't rely on the chinese anymo

so many claim that they were from china. i wonder why that was. by the russians were born in china. maybe democrats -- diplomats or there was a advantage to claiming they were from china. >> they fled the communist revolution in 1917. they were the white russians. >> not the cocktail. >> yes. they fled into especially manchuria. >> he and tibet. that is where we got the tibetan nativity definition, which was a lot of fun. we had to scroll through that line by line, how they were designated and whether or not they were really chinese or were they another ethnic group. and i know that this book is about chinese americans, but we did find a lot of other nations asian ethnicities in our research that were categorized as chinese, but were not chinese. and they were clearly not chinese. and we couldn't remove them from the roster. it's under 150. we couldn't remove them from the rosters because according to the u.s. military they were chinese. so that was our default. if the u. s. military recognize them as a chinese person than we have to accept them as a chinese person. >> very interest

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

deliveries in china were up 60%. jp morgan sold $13 billion of bonds, the largest deal ever by a bank. it's taking advantage of some of the cheapest borrowing costs in years to boost its capital. the sale follows the bank's best quarter ever, investment baking fees up 57%. chinese carmaker geely says the new electric carmaker will give it an edge against big tech and the ev market. its president told us delivery of the new car effective in september. it's targeting 50,000 sales by 2022 after two more models are added. >> it was split up from geely in order to become a brand-new company, no matter its brand or product, team, organization, or culture, which is no different from any other tech or internet company. laura: that's the bloomberg business flash. anna? anna: thanks very much, laura wright in london. he was banking giants smash profit estimates. ceo's are optimistic on the recovery ahead. we hear what bank of america's ceo had to say. that's next. this is bloomberg. ♪ >> at the end of the day, the economy ef

make a difference here china's got some leverage here but china doesn't seem to have an interest in doing that they haven't shown that yet the association of southeast asian nations which is me m.r. is a member of they could they could have some real impact here they generally have a policy of mana difference in each other's internal affairs the lately we're seeing stronger statements coming out of members such as singapore indonesia philippines malaysia thailand but they're going to have to really do more and they're going to have to step up the pressure politically soon if it's going to make a difference. in malaysia thank you very much for this assessment. and the u.s. president joe biden has unveiled a 2 trillion dollar infrastructure plan called a day once in a generation investment that would allow the united states to outstrip china as the world's economic power. 50 years people can say this was. the. future. is one time company roughly 2 trillion dollars in the future spread largely over 8 years. generated store job growth historic an economic growth businesses to compete cr

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

of 2.3 percent which was the lowest for china for some time but it was difficult because china was the only major economy to post worth during the pandemic now we have to keep in mind that economic growth in china has been quite an even a large pos of it is thanks to a very strong industrial sector a lot of exports as china has been exporting many products around the world as other countries have been affected by lock downs and also by state to lead infrastructure building where we haven't seen so much of a rebound in modest strongly down i see in retail consumption which has remained quite worth relatively for the last year and definitely in the last few months we are expecting the chinese to continue growing but it's not going to have the same momentum we're not going to see a figure of about 18.3 percent as the year continues that's going to slow quite a bit due to a number of reasons people i haven't really recovered the same levels of confidence that they had prepaid debit is still holding quite tightly on to that post strings have been quite conservative with their savings and ch

was in no position to lecture china top diplomat young. united states does not have the qualification to say that it wants to speak to china from a position of strength u.s. secretary of state anthony blinken has been equally blunt our relationship with china will be competitive one should be collaborative when it can be an adversarial one it must be there had been hopes that under president joe biden the relationship would be less confrontational that it had become under his predecessor biden and chinese president xi jinping met many times when the 2 vice presidents analysts say that biden's china strategy is based on a stronger alliance with allies i think he's done a very good job of messaging. which is to say to the chinese that the the old rules of the past one apply anymore. and and they've been very tactically astute economic diplomatic and even military tensions between the 2 rival superpowers are continuing to rise relations are fraught on a number of issues the south china sea dispute the well documented evidence of human rights

to someone in china. it's been decades since the fall of spain's fascist regime but old wounds still haven't healed during. the times when you and. me from your. own freedom of the people we suppose. you mean on the bus with us is mean older than just. seen cause me to you know. have newborn babies were torn from their mothers and given away and forced adoption. to this day mothers still search for grown children. for their parents. seemed wrong. but. just don't. get to see how does this come back to. and in detroit. betrayal. when so many find themselves worlds apart we choose to look for common ground. and interesting week in the crypto world as bit quiet has retreated from its all time highs a period has risen once again and the hottest krypto on the internet those coins didn't do as well on dirge day as investors had hoped so let's break it all down with co-host juan and jeffrey tucker editorial director of the american institute for economic research jeffrey let's start with you what happened with bi

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

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

the taiwan issue concerns china's sovereignty and territorial integrity and china's core interests china has no room for compromise we urge the u.s. to have a clear understanding of the situation earnestly abide by the one china principle and the provisions of the 3 sino us joint communique and not play with fire on the taiwan issue the u.s. should immediately stop any form of official exchanges with taiwan handle taiwan related issues carefully and properly and do not sin taiwan independence forces wrong signals so as not to bring subversive impact on china u.s. relations and the peace and stability of the taiwan strait. well to discuss that more than just the weather between these 2 countries are going to very unstable for us to our official thanks for joining me steve. ok so let's talk about this climate change obviously very important and that's what the preface of this conversation that is happening between the united states and china but you think they're going to go anywhere considering all the outside factors or is climate change being used as a negotiating tool by both countries

we are going to continue to play tough with china. we are going to continue to use all the tools at our disposal to protect american workers and businesses from unfair practices by the chinese government. the reason that we have not made those changes is really that. we need to continue to be aggressive with china. >> european countries aren't happy with the tariffs on steel and aluminum. the president is going to the g7 summit soon. you expect to see any news related to that when that summit occurs? ? >> i expect robust discussion between now and then. the europeans are not happy. i've had many discussions with my counterparts in the eu. they are our allies. europe is not a threat to american national security. china's oversupply and flooding their market and our market with cheap steel, that's a national threat. we need to work with europe to prevent china from doing that. haidi: that was the u.s. commerce secretary speaking with david rubenstein. lots more to come on daybreak australia. this is bloomberg. ♪ haidi: we have breakin

china's g.d.p. grew by a record 18.3 percent is the 1st quarter this year as compared to the same period from last year while the restoril still recovers from the core of the virus pandemic. a group of pro-democracy activists in hong kong will be sentenced in the coming hours for taking part in antigovernment protests and 2019 among them is the veteran campaign a martin lee who helped launch the city's largest opposition party in the 1990 s. and media tycoon already behind bars in connection with a separate case is also being sentenced today the 2900 protest was spurred by beijing's squeeze on freedom in hong kong live now to hong kong and our correspondent there adrian brown so adrian in theory what kind of sentences might these people be handed down. peter this is a magistrate's court which means the maximum sentence that the magistrate can hand out for a single conviction is 2 years with 3 years for multiple sentences but it's possible that the prosecution could appeal against that and have the c

militarily, economically, china and china alone intends to is u supplant the u.s., we received a lot of push back it was not the political narrative that the left wanted, they wanted russia to be the bad guy. intelligence was clear, mark, i fell strongly about it, i did something that directors of national intelligence had not done before, i wrote an op-ed, saying that china is our number one security threat. you point out, intelligence can't be ignored. you saw 27 page unclassified hospital put out tracking the op-ed and i wrote, saying that china is our greatest national security threat. mark: digging into this. we see when china has done on hong kong. once the freest place on the face of the earth. they destroyed it. they are devouring it. we see what they have done in south china sea, they claim it as their own. they built the military islands inn they threaten any navy and any ship that come through the area, they have their sites, this is important, on taiwan, they threaten japan, they threatened vietnam, vietnam has sort of cozied us to us, they are concerned about the way chi

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

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

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

and iran as were talking about china potentially invading taiwan. >> the deal with china and iran is a strategic partnership that they set for 25 years these are two like-minded countries that want to change the rule-based order that exists they resent the united states and like-minded democracies around the world iran musser control dominate the middle east, they had their way in achieving a lot using the proxy wars in syria and yemen undermining the government and our rock and already controlling lebanon so what is this deal really about, the steel in china coming to ron's assistance to give them cash flow which they desperately need because of the u.s. imposed sanctions and as a result the other countries imposing sanctions on iran have crippled their economy. this is a big deal because it takes a lot of the pressure off from the united states on her allies and also take the pressure off for them to have to come back in and negotiate any idea of dividing the administration, a better deal than what we have as opposed to removing the sanctions for their willingness to come back and

and china are going to be involved. day mahomet and to my fellow panelists i think is bay in port and both the optics in terms of understanding that this issue is a non-negotiable issue i think as we noted in the insert that no one country as president biden had indicated can go it alone so i think both for president biden and for president xi jinping it is not just about of photo op but it's about the fact that both have recognized how important this issue is in going forward and the fact of the matter is that time has been lost and the time that has been lost in terms of delivery in terms of implementation of action and you know going forward on deliberating and with you getting the risks around to change and adaptations to energies has actually cost us a lot so i think in that context is very important in terms of recognizing that climate change represents more than just about 2 countries coming together but it's about the global governance arena the multilateralism it's about action in terms of going forward but of

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

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

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

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

can work with china. parallel policies and key personnel could open up a new front of cooperation between the two economic giants. chinese diplomats have warmth that working together will depend on biden stance on issues including trade, hong kong, and taiwan. >> those issues will never be traded for anything that has to do with climate. that's not going to happen. >> the two countries are also finding their own journeys to net zero problematic. china acknowledges it will be an uphill battle. china's total coal use is still rising and it needs to balance economic goals with rating and pollution. partisan divisions in the united states may force biden to compromise on big policy leads. whether the two major economies clash or collaborate, one thing is certain. zeroing out emissions is a key aspiration for both. shery: ahead of president biden's covid -- summit, our next guest was based in sydney during the bushfire crisis and he says that the transition will be hard but it's not too late frost really a to

china's g.d.p. grew by a record 18.3 percent of the 1st quarter of this year as compared to the same period last year as well the rest of the world still recovers from the global pandemic. a group of pro-democracy activists in hong kong will be sentenced in the coming few hours to taking part in antigovernment protests in 2019 among them is the veteran campaigner martin levy who helped launch the city's biggest opposition party in the 1990 s. a media tycoon already behind bars in connection with a separate case is also being sentenced 229000 protesters spurred by beijing's tightening squeeze on freedom across hong kong live now to adrian brown who joins us from hong kong adrian just take us through what we're expecting to happen. for peter what's happening now inside west how the magistrate's court is that defense lawyers are putting forward mitigating please try and get a more lenient sentence for those 9 activists who are now on trial now of course this court has become a familiar sight to our vie

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

china and the u.s. . do the. relationship and not improving is still there we are hopeful that it can but obviously not a straight forward these days really cuts to many thanks indeed for bank balance thank you. a weather update next here on the news then we'll look at why pakistan has blocked social media we'll have a live update from islamabad also. the attack on hama began on the 24th how much weeks later some families have played the violence i feel trying to revive areas i'm adamant half a northern might be telling you some of the story. that is for look at this a perfect moment for a goal for in hawaii. really it will be here to explain what all this is about a little later. however it remains disappointingly cold across much of europe with members signs of slightly warmer weather coming into western parts as we go into the early part of next week it's cool because we got this area of high pressure drawing in the cool moldea northeasterly winds down across much of europe at present we got some rather wet we