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Dec 26, 2016
12/16
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imports the china and over the south china sea. we have seen the offshore yuan versus the dollar trade lower following these tweets, and the question is whether this is more empty rhetoric from donald trump or whether he will be taking a more confrontational line with china. >> very much the word out of beijing is that he is not president yet, and perhaps he is being badly advised. they are doing everything they can right now. >> america's four-decade one china policy may be put to the test with president-elect donald trump, saying no one can tell him who to talk to. this comes after the uproar after his phone call with the president of taiwan. he says his attitude will depend on securing better trade deals with beijing, and the one china policy he says may be china's policy, but not america's, unless he can make a deal. what is the buzz on the ground in beijing as to how china is likely going to react here? >> there has been no official comment so far, but we have had an indication from the state media as to how some here feel. th
imports the china and over the south china sea. we have seen the offshore yuan versus the dollar trade lower following these tweets, and the question is whether this is more empty rhetoric from donald trump or whether he will be taking a more confrontational line with china. >> very much the word out of beijing is that he is not president yet, and perhaps he is being badly advised. they are doing everything they can right now. >> america's four-decade one china policy may be put to...
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Dec 24, 2016
12/16
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positive for china. exports exceed imports, that is a fact. a lot of is also generated from the service industry, so in the long run, china's economy looks good. and there are a lot of chinese companies who are looking overseas to acquire businesses, but they keep getting shut down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? fair.needs to be china welcomes foreign , so other countries should also welcome chinese investors. >> this is a massive undertaking, the transition of the economy, but you can see, the research side, the consumer side, the tech side is going very strongly. the chinese firms are beginning ageinvest in lower-w economies in the same way that other businesses used to invest in china, vietnam, myanmar, africa, and effectively replicating the stage of development they went through and other countries and building infrastructure to create trade flows, trade corridors. as ever when you're trying to do something very ambiti
positive for china. exports exceed imports, that is a fact. a lot of is also generated from the service industry, so in the long run, china's economy looks good. and there are a lot of chinese companies who are looking overseas to acquire businesses, but they keep getting shut down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? fair.needs to be china welcomes foreign , so other countries should also welcome chinese investors....
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Dec 19, 2016
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china policy. mr. orlins: does this, excepting a call when he is not yet president, i would argue that what our prohibition is about official contact and since he is president-elect and not yet president, that actually is not an official contact. no? that is ager: well, good way to describe it. [laughter] -- orlins: sense that it since i look to avoid confrontation that is the way i choose to describe it. i look to the secretary of state in taipei and i know since i worked in the state department there are prohibitions. i said wait a minute, you're not supposed to be here. he's a, i have been named but i have not taken off yet. i am not official. so there is precedent for that kind of contact. so what do you think after that , the president-elect was out a tweet after he criticized and i had to write it down to have it precise. "did china ask us if it was ok to devalue their currency, making it hard for our companies to compete? heavily tax our products going into their country? the u.s. does not t
china policy. mr. orlins: does this, excepting a call when he is not yet president, i would argue that what our prohibition is about official contact and since he is president-elect and not yet president, that actually is not an official contact. no? that is ager: well, good way to describe it. [laughter] -- orlins: sense that it since i look to avoid confrontation that is the way i choose to describe it. i look to the secretary of state in taipei and i know since i worked in the state...
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Dec 3, 2016
12/16
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china says taiwan is not its own country. china says taiwan is part of china. we decided in the 1970s, to recognize one china, just one chinese government with its capital in beijing, that was a change for us. we changed course after decades through great diplomatic pain and achievement, we made the decision to acknowledge that the chinese government is the one and only chinese government. we do not maintain separate diplomatic relations with taiwan any more. not since the 1970s. but today donald trump called and spoke with the president of taiwan. and then released this statement, announcing the call as one of his calls with world leaders today. if you don't follow this stuff, a call to taiwan, a call between the president-elect of the united states and the president of taiwan, it may not seem like the biggest deal in the world. hey, it's just one phone call, why is this a big deal. this is something we don't do as a country. this is something we haven't done on push, very carefully for decades. this is the first time a president-elect of the united states has
china says taiwan is not its own country. china says taiwan is part of china. we decided in the 1970s, to recognize one china, just one chinese government with its capital in beijing, that was a change for us. we changed course after decades through great diplomatic pain and achievement, we made the decision to acknowledge that the chinese government is the one and only chinese government. we do not maintain separate diplomatic relations with taiwan any more. not since the 1970s. but today...
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Dec 5, 2016
12/16
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china is firing back. an editorial in the people's daily -- that's the official newspaper of the chinese communist party -- and it comes with this warning to trump, writing international relations 101. china is an independent sovereign state with its own national interests. as a sovereign state, china sets its own policy and can retaliate if necessary. so what is donald trump doing? right now we're get something very mixed signals from trump and from his inner circle. just yesterday, trump's top aides crisscrossed the airwaves to insist that his call with taiwan's president was not a provocation with china. >> chuck, this was a courtesy call. >> nothing new should be read into it? >> well, i don't think so. >> does this signal a change in policy or was it just a phone call? >> it was just a phone call at this point. >> the folks inside trump's transition are leaking the opposite view. "the washington post" is reporting that trump's call was an intentionally provocative move, and it was planned weeks ahead
china is firing back. an editorial in the people's daily -- that's the official newspaper of the chinese communist party -- and it comes with this warning to trump, writing international relations 101. china is an independent sovereign state with its own national interests. as a sovereign state, china sets its own policy and can retaliate if necessary. so what is donald trump doing? right now we're get something very mixed signals from trump and from his inner circle. just yesterday, trump's...
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Dec 20, 2016
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china. grew up in china, educated in harvard, stanford, a u.s. citizen. jing, let me start with the election of donald trump. what impact do you think his election is going to have on u.s./chinese relations, the most important relationship in the world today? he's said some pretty menacing things. he's said a lot of things. how worried are you about a sharp decline in the quality of the u.s./chinese relationship? >> well, good morning, roger, thank you very much for your kind introduction. and good morning, everyone. in terms of u.s./china relations, clearly there will be a lot of uncertainties. mr. trump on the campaign trail said that he would grant chibra china a currency manipulator on day one and impose a tariff on chinese exports. let's look at the economic factors. to brand a country a currency manipulator, there needs to be three conditions. number one, this country needs to run a large current account surplus in excess of 3% of gdp. number two, this country needs to have a very larg
china. grew up in china, educated in harvard, stanford, a u.s. citizen. jing, let me start with the election of donald trump. what impact do you think his election is going to have on u.s./chinese relations, the most important relationship in the world today? he's said some pretty menacing things. he's said a lot of things. how worried are you about a sharp decline in the quality of the u.s./chinese relationship? >> well, good morning, roger, thank you very much for your kind...
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Dec 3, 2016
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that may have already gone to china or may soon go to china. >> so that's why there's a much greater fear in failing to catch chi mak. >> in 2004, the chinese didn't have a strong navy capability. they were really a brown water navy. a navy stable to operate in shallow water. chi mak chose the chinese efforts to be able to expand their capabilities into blue water. >> if these technologies are lost, then it means we don't have that edge. so, god forbid, if there's ever a conflict in the pacific that involves china with us on the other side, then i believe lost technology will cost u.s. lives. and that's one of the things that makes me angry. >> in the fbi we have to follow principles, policies and laws. and one of those is we have to have the evidence. our greatest fear initially was, will we catch chi mak doing what we thought he was already doing? >> the thing that hit me hardest about this case was that we've got a man who came here for better opportunity and, in fact, was a spy. sent by china to come here, pledge allegiance to the united states. he took an oath with a full intent
that may have already gone to china or may soon go to china. >> so that's why there's a much greater fear in failing to catch chi mak. >> in 2004, the chinese didn't have a strong navy capability. they were really a brown water navy. a navy stable to operate in shallow water. chi mak chose the chinese efforts to be able to expand their capabilities into blue water. >> if these technologies are lost, then it means we don't have that edge. so, god forbid, if there's ever a...
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Dec 10, 2016
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has leverage with china right now, you know, china desperately needs the u.s. economy to keep its growth rates up and its middle class growing and trump is going to use that leverage. >> and mike, josh earnest didn't spell out, i don't think he could spell out the progress that supposedly we've made with china but trump spelled out in another tweet some of the problems we have had with china, he says did china ask us if it was okay to devalue their currency making it hard for our companies to compete, heavily tax our products going into their country, the u.s. doesn't tax them or to build a massive military complex in the middle of the south china sea? i don't think so. >> well, i think what china probably was most upset about was donald trump's indiscretion, but as china and the rest of the world are learning is that the president elect speaks his mind. how refreshing is that, david? someone that tells the truth. and the people that are concerned about his behavior, they are the same people who said that when he ran he would never get the republican nomination
has leverage with china right now, you know, china desperately needs the u.s. economy to keep its growth rates up and its middle class growing and trump is going to use that leverage. >> and mike, josh earnest didn't spell out, i don't think he could spell out the progress that supposedly we've made with china but trump spelled out in another tweet some of the problems we have had with china, he says did china ask us if it was okay to devalue their currency making it hard for our...
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Dec 21, 2016
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inside china but then it would be more amazing for people in china to discover what they have in their own country because people in china have no idea. they did not even know some of the species existed or where they can find them. all they see is brick walls and cities. everyone, in the back of the head knew that this was something that could be done, could be an industry and people are interested in making film and that is the start of something brilliant. incredible talent. if you're scared of heights close your eyes now. one man who isn't is alan eustace, a senior google executive who in 2014 broke the world record for the highest parachute jump. he took a balloon more than 135,000 feet into the stratosphere and skydived back to earth. the space suit he wore is now on display at the smithsonian's national air and space museum in virginia. jane o'brien kept her feet firmly on the ground and went to take a look. what goes up must come down but simply reaching the earth's stratosphere was the first challenge for alan eustace. it took more than 2 hours to ascend 25 miles and around 15
inside china but then it would be more amazing for people in china to discover what they have in their own country because people in china have no idea. they did not even know some of the species existed or where they can find them. all they see is brick walls and cities. everyone, in the back of the head knew that this was something that could be done, could be an industry and people are interested in making film and that is the start of something brilliant. incredible talent. if you're scared...
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Dec 21, 2016
12/16
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he strengthened china? >> well, china is the largest trading nation in the world so tpp had 12 countries, not including china. so it seemed strange the chinese -- the transpacific trade partnership excluded the largest trading nation in the world. >> because it was strategic to offset china. >> well, u.s. and china are partners but competitors. we must remember that. so countries in the region including korea, australia, japan, the philippines which have been under the u.s. security umbrella perhaps have to rethink whether they can count on the same level of reassurance from the united states in terms of. >> that's created anxiety. >> well, they had to rebalance their relationship with china and the u.s. >> there's a global supply chain these days. couldn't china in the event of the trade war we've been talking about couldn't in effect stop production of the iphone tomorrow? >> it could, it would hurt apple first and foremost. you can imagine what that would do to inflation in the united states. what that w
he strengthened china? >> well, china is the largest trading nation in the world so tpp had 12 countries, not including china. so it seemed strange the chinese -- the transpacific trade partnership excluded the largest trading nation in the world. >> because it was strategic to offset china. >> well, u.s. and china are partners but competitors. we must remember that. so countries in the region including korea, australia, japan, the philippines which have been under the u.s....
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Dec 6, 2016
12/16
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government of china." china views taiwan as a threat and could destabilize an already fraught relationship. trump had a choice, downplay the call or declare he's taking u.s./china relations in a different direction and he seemed to indicate the former. "the president of taiwan called me today to wish me congratulations on winning the presidency. thank you." >> so this was an intentional sort of challenge to the foreign policy establishment, to the u.s./chinese diplomatic establishment? >> no, chuck. this was a courtesy call. they called to congratulate the president-elect. >> so courtesy call, not a change in policy? >> exactly. >> the chinese government took a similar approach. its foreign minister saying, "this is only a little trick put up by taiwan. i don't think the u.s. government will change the one china policy." but negative coverage of the call seems to have gotten under trump's skin as it so often seems to and yesterday he followed up with a couple of tweets striking a very different tone. "did
government of china." china views taiwan as a threat and could destabilize an already fraught relationship. trump had a choice, downplay the call or declare he's taking u.s./china relations in a different direction and he seemed to indicate the former. "the president of taiwan called me today to wish me congratulations on winning the presidency. thank you." >> so this was an intentional sort of challenge to the foreign policy establishment, to the u.s./chinese diplomatic...
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Dec 6, 2016
12/16
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china relations into sharp focus. it was the first time since 1979 that american and taiwant ease leaders have spoken in a broke from practice. it was a routine congrat la tore call but on sunday night he rit sized china economic and military policies in a series of tweets. dm china a front page editorial in the daily warned the united states risked a confrontation with beijing. the obama administration said the national security council officials spoke with their chinese counterparts to reassure them of u.s. commitment to the one china policy. joining me now is ian bremmer, the of the eur asia group, a global political risk consulting firm and ripped haass, the president of the council on foreign relations. his fourth coming book is called guess what. am pleased to have both of them here. so i begin with you, richard. how serious is this? how did it happen? and what is going to -- how will it play itself out, is where i want to go in this? >> it's pretty serious in the sense that the call as you said broke, i would s
china relations into sharp focus. it was the first time since 1979 that american and taiwant ease leaders have spoken in a broke from practice. it was a routine congrat la tore call but on sunday night he rit sized china economic and military policies in a series of tweets. dm china a front page editorial in the daily warned the united states risked a confrontation with beijing. the obama administration said the national security council officials spoke with their chinese counterparts to...
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Dec 21, 2016
12/16
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east china losing the war? —— is china. no matter how bad it is, we can't say that china is losing the war. that there just tell you, it is tremendously bad in beijing and surrounding area. over 400 million people have been affected. my own personal friends when they go to beijing are experiencing in tamil bleeding for no reason —— internal bleeding. and they have gone back to shanghai. we have spoken to you almost every year for the past three yea rs almost every year for the past three years and you are very supportive of the chinese government and their measures to basically improve the pollution problem. what more needs to be done? they need to shut down coal—fired power plants. they made an announcement to shut down over 20 coal—fired power plants. the equivalent of all of united kingdom and spain's coal capacity combined. they need to have more monitoring and transparency into pollution data. in 2015, at the beginning of the year, they announced a strict environmental law which not only has transparency but gi
east china losing the war? —— is china. no matter how bad it is, we can't say that china is losing the war. that there just tell you, it is tremendously bad in beijing and surrounding area. over 400 million people have been affected. my own personal friends when they go to beijing are experiencing in tamil bleeding for no reason —— internal bleeding. and they have gone back to shanghai. we have spoken to you almost every year for the past three yea rs almost every year for the past...
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Dec 3, 2016
12/16
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recognize kt fap the one china principle is the political foundation of china/u.s. relations. now donald trump is on the defensive. in fact, last night after all of this hoopla, he did tweet out this. he said, interesting how the u.s. sells taiwan billions of dollars of military quilt but i should not accept a congratulatory call. kellyanne conway saying this. >> i can't comment beyond what was said. i won't do that. this is the president-elect and he'll be president of the united states imminently now. he's well aware of what u.s. policy has been. >> reporter: so donald trump's transition team backing this call, defending this call. but many lawmakers, former ambassadors, a lot of people saying this bucks tradition. this bucks protocol. and this could pose a dangerous threat to the u.s. martin and christi. >> thank you very much. >>> we get more on china's reaction, steven yang joining us live from beijing. give us some context, steven, because we did hear from china overnight. and part of what came specifically from their foreign ministry spokesman there. really s
recognize kt fap the one china principle is the political foundation of china/u.s. relations. now donald trump is on the defensive. in fact, last night after all of this hoopla, he did tweet out this. he said, interesting how the u.s. sells taiwan billions of dollars of military quilt but i should not accept a congratulatory call. kellyanne conway saying this. >> i can't comment beyond what was said. i won't do that. this is the president-elect and he'll be president of the united states...
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Dec 12, 2016
12/16
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china, flying nuclear capable bombers over the south china sea for the first time in an apparent warning to president-elect trump. this after trump questioned whether the united states should keep its long-standing policy that taiwan is part of one china. we'll get reaction to all of this from a democrat on the house intelligence committee andre carson. and our correspondents, analysts and guests are standing by. first, cnn's ryan noblestower i. what's the latest? >> reporter: it's been a busy day for donald trump here on 5th avenue as a parade of potential administration officials have made their way into trump tower. as the trump transition continues to take shape, the president-elect remains at the center of a fierce debate over the alleged role of russia in an attempt to interfere in the presidential election. tonight, donald trump refusing to accept cia reports that conclude russia attempted to intervene in the presidential election, tweeting can you imagine if we tried to play the russia/cia card? it would be called conspiracy theory. this just hours after telling fox flues t fox n
china, flying nuclear capable bombers over the south china sea for the first time in an apparent warning to president-elect trump. this after trump questioned whether the united states should keep its long-standing policy that taiwan is part of one china. we'll get reaction to all of this from a democrat on the house intelligence committee andre carson. and our correspondents, analysts and guests are standing by. first, cnn's ryan noblestower i. what's the latest? >> reporter: it's been a...
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Dec 16, 2016
12/16
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faith in china. sophie: what are we looking at? >> we saw emerging-market currencies get hammered in response to the fed more .ositive first rate hike the next step according to a number of analysts and traders are looking at china. can they, and will they, have the willingness to continue to support the yuan instead of letting it depreciate faster? reservesthe drop in either chinese, they have been depending -- defending the currency. $279 billion of their reserves depleted, down only $3 trillion, but down from $4 trillion. rishaad: a quarter of their reserves. stephen: there is concern. now china's desire to see the yuan fall is critical to providing, preventing a bigger flight of capital out of china in anticipation of further renminbi weakness or one-off. it exacerbates by what trump has been saying, labeling china's currency as [indiscernible] he wants a stronger you want, but he is also talking up a stronger dollar. which one is it? rishaad: with the fed, when they act, they reverberate globall
faith in china. sophie: what are we looking at? >> we saw emerging-market currencies get hammered in response to the fed more .ositive first rate hike the next step according to a number of analysts and traders are looking at china. can they, and will they, have the willingness to continue to support the yuan instead of letting it depreciate faster? reservesthe drop in either chinese, they have been depending -- defending the currency. $279 billion of their reserves depleted, down only $3...
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Dec 11, 2016
12/16
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china relations. since that time china has accumulated a lot of foreign exchange and money and trade surplus and has used that to its benefit including military modernization. the leader when it normalization occurred in 1979 and lived until 1997 explicitly wanted to develop china economically for several decades before really moving to expand the military on a more modern and that's pretty much what has happened. you have to decide what you think about that. that's part of the narrative. of course we have had a lot of benefits. after you weigh the benefits of this normalization against the cost. certainly you would have to put on the column of benefit that if we look on the cold war we had two wars that involved china. korea and then vietnam for a very painful decade. china was involved directly in both of those wars. and since normalization whatever you want to inc. about other trends we haven't had conflict in asia. and that i count to be a big plus for everybody in asia including the united states
china relations. since that time china has accumulated a lot of foreign exchange and money and trade surplus and has used that to its benefit including military modernization. the leader when it normalization occurred in 1979 and lived until 1997 explicitly wanted to develop china economically for several decades before really moving to expand the military on a more modern and that's pretty much what has happened. you have to decide what you think about that. that's part of the narrative. of...
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Dec 13, 2016
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-china relations may look like. rishaad: what could be driving banks to invest in the $100 million investment fund. this is bloomberg. ♪ >> a quick check of the business flash headlines. the accounting firm in charge of due diligence over the bank [indiscernible] id value is estimated at $1.5 billion. shares touched a record low on monday. .ow down 11.25% in seoul rishaad: jeff bezos has been a vocal critic of donald trump. he is attending wednesday's gathering of tech leaders called by the president-elect. elon musk and sherry sandberg and larry page will be there. may hope to find some common ground. >> there is a couple of things that are pretty important potential changes that we could see in the corporate finance arena for us. the first is a shift on repatriation of foreign earnings and that is government permanent solution, not a tax holiday. we would be hit -- very happy with it. that would give us more about,lity and we talk it gives us flexibility across m&a and dividends, across buybacks. and then there
-china relations may look like. rishaad: what could be driving banks to invest in the $100 million investment fund. this is bloomberg. ♪ >> a quick check of the business flash headlines. the accounting firm in charge of due diligence over the bank [indiscernible] id value is estimated at $1.5 billion. shares touched a record low on monday. .ow down 11.25% in seoul rishaad: jeff bezos has been a vocal critic of donald trump. he is attending wednesday's gathering of tech leaders called by...
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Dec 4, 2016
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trade flows with china -- so many asian countries depending on trade with china. affect -- how will that complicate asia's credit quality concerns? scenario -- the donald trump administration imposes tariffs up to 45% on china's imports into the u.s. and that will have a -- that will have an effect on other countries. countries including malaysia, indonesia, and parts of singapore and hong kong and even australia. definitely, if that comes up, that will slow down export growth in gdp growth. of course, the devil is in the details of when this is going to be imposed. but any increase in trade restrictions will be negative. betty: what you mean by the recent global selloff of bonds -- that they have not been fully transmitted to local credit spreads. what could that mean? when we tendally, to look at credit spreads, we the markets including the u.s. and the u.s. dollar. what we have seen in terms of spreads going up, we have seen upcross-border bonds going 25-40 basis points. the impact has been much more muted. because of two things. the banks are still the largest
trade flows with china -- so many asian countries depending on trade with china. affect -- how will that complicate asia's credit quality concerns? scenario -- the donald trump administration imposes tariffs up to 45% on china's imports into the u.s. and that will have a -- that will have an effect on other countries. countries including malaysia, indonesia, and parts of singapore and hong kong and even australia. definitely, if that comes up, that will slow down export growth in gdp growth. of...
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Dec 5, 2016
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and china, the u.s. and russia, and he deferred on that thing he's not a policy expert, but one thing he knows, the forward march of technology cannot be stopped by a single election. we talked about what this means for the global economy, as specially the -- especially the global tech economy. listen to what he had to say. we have $12 billion of value created, 25% in china, and then the rest in the rest of the world -- my prediction is in the next 10, 20 years, this trend will continue and many more trillions of dollars will excitingd in this space. so, i'm not good at short term predictions, what's going to happen next year, but i would bet the next 10, 20 years we will see a lot of value coming out of places like silicon valley, beijing, tel aviv, london, bangalore. milner, a guy with very lofty ambitions. he is spinning about 40 5% of his time and funds in the night of states. of his time and funds in the united states. he spins very little time in russia. he recently contributed a hundred million do
and china, the u.s. and russia, and he deferred on that thing he's not a policy expert, but one thing he knows, the forward march of technology cannot be stopped by a single election. we talked about what this means for the global economy, as specially the -- especially the global tech economy. listen to what he had to say. we have $12 billion of value created, 25% in china, and then the rest in the rest of the world -- my prediction is in the next 10, 20 years, this trend will continue and...
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Dec 2, 2016
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we have seen close coming out of china greater than going into china. one suggestion being that chinese investors are looking to buy stocks in hong kong, moving money from renminbi into dollar assets to capture capital gain and dividend yield, but also to capture the currency play as the renminbi weakens, the hong kong dollar assets appreciating. ,f investors in china continue you can see more outflows. haidi: that will be another key gauge of outflows. that'sucer tells me stars aligning and ducks in a row, so there you go. rishaad: a problem stacking up for the bank of china, the pboc under pressure from the falling yuan and wave of capital outflows. china correspondent tom mackenzie is in beijing. what is at this time? tom: another burden weighing on the shoulders of the pboc as they look to january, when there will be a reset of this conversion quoted that the chinese people are allowed to use, up to $50,000 every single year. is tradingthe yuan near that eight year low, there is concern there will be a rush for the exits. if you consider that 1% of
we have seen close coming out of china greater than going into china. one suggestion being that chinese investors are looking to buy stocks in hong kong, moving money from renminbi into dollar assets to capture capital gain and dividend yield, but also to capture the currency play as the renminbi weakens, the hong kong dollar assets appreciating. ,f investors in china continue you can see more outflows. haidi: that will be another key gauge of outflows. that'sucer tells me stars aligning and...
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and china. the one china policy through which washington, d.c., and beijing have had the official diplomatic relationship and by cl tcan which the u.s. has maintained a relationship. >> thank you very much for the reaction from beijing. >>> all right. donald trump's tweets made some bold allegations. andrew stevens has been examining them for accuracy. so, andrew, let's fact check what donald trump had to say about chin start with his suggestion that it was ma nipulating its currency. true or false? >> well, the manipulation donald trump is referring to is the devaluation of the chinese yuan. there's no doubt the yuan has been losing value since the election of donald trump. but this is really a story about the strength of the u.s. dollar rather than china actively meddling in the currency markets to bring the value of their currency down which makes their exports cheaper. if you take a look at what's been happening in the currency markets, the yuan has been much more resilient to falling agains
and china. the one china policy through which washington, d.c., and beijing have had the official diplomatic relationship and by cl tcan which the u.s. has maintained a relationship. >> thank you very much for the reaction from beijing. >>> all right. donald trump's tweets made some bold allegations. andrew stevens has been examining them for accuracy. so, andrew, let's fact check what donald trump had to say about chin start with his suggestion that it was ma nipulating its...
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Dec 19, 2016
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and china over the u.s. gettingown, perhaps traders some reason to pull back amid the dollar's strongest quarterly rally since 2008. net long positions on the bloomberg dollar index increasing. if we look at dollar-yen, those are at their highest this year after a surge in the spot rate. a little bit of pullback in the dollar today, money moving into that fate haven that is the yen. fct data, a planned production boost from libya stalls and investors are the most optimistic on oil since the slump began 2.5 years ago. that is looking at net long. longs,unds adding to wti goldin nadal drums. prices have fallen for six straight weeks. hedge funds have cut their bets on a rally to be lowest since february. manus: thank you very much. great round up on what you can focus on in the market. let us focus on bp. they have focused their relationship with abu dhabi by swapping $2.2 billion of their own stock for state in one of the emirates largest on-shore oil conglomerates. anna: signs of growth next year following m
and china over the u.s. gettingown, perhaps traders some reason to pull back amid the dollar's strongest quarterly rally since 2008. net long positions on the bloomberg dollar index increasing. if we look at dollar-yen, those are at their highest this year after a surge in the spot rate. a little bit of pullback in the dollar today, money moving into that fate haven that is the yen. fct data, a planned production boost from libya stalls and investors are the most optimistic on oil since the...
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is part of china. it's not just taiwan according to president duerte, trump said that duerte is going about his fight against the drug lords, quote, the right way. that's a very violent fight. the same president duerte who also, by the way, insulted president obama. washington's been critical of the philippine government's execution of drug dealers without the benefit of judicial proceedings. so let's bring in the cnn politics senior reporter and gordon change, daily beast columnist. trump's call from a leader of taiwan, really a breech of protocol here or was it just a mistake or is he subtly trying to send a message to china? what's your favorite on this? >> that's the answer to that question we don't really know, martin. it's certainly a clear breech of the protocol and practice of the way u.s. relations with taiwan and china over the taiwan issue have been conducted for 40 years. i think it's too early to say yet whether donald trump is previewing a new emphasis and approach in the u.s. policy towa
is part of china. it's not just taiwan according to president duerte, trump said that duerte is going about his fight against the drug lords, quote, the right way. that's a very violent fight. the same president duerte who also, by the way, insulted president obama. washington's been critical of the philippine government's execution of drug dealers without the benefit of judicial proceedings. so let's bring in the cnn politics senior reporter and gordon change, daily beast columnist. trump's...
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i don't know why we have to be bound by a one-china policy unless we make a deal with china having to do with other things, including trade. i mean, look, we're being hurt very bad ly by china with devaluation, with taxing us at the borders when we don't tax them, with building a massive fortress in the middle of the south china sea, which they shouldn't be doing. frankly, they're not helping us at all with north korea. you have north korea, nuclear weapons, and china could solve
i don't know why we have to be bound by a one-china policy unless we make a deal with china having to do with other things, including trade. i mean, look, we're being hurt very bad ly by china with devaluation, with taxing us at the borders when we don't tax them, with building a massive fortress in the middle of the south china sea, which they shouldn't be doing. frankly, they're not helping us at all with north korea. you have north korea, nuclear weapons, and china could solve
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Dec 29, 2016
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they called it the china dream. by 2049, they want the united states out of east asia and want to be the regional hegemon. they would prefer to do it peacefully. they want the united states to peacefully retrench and ithdraw and let the chinese be withdraw and let the chinese be the dominant power in asia as they have been for five millennia. between the opie moors of any 1840's and the chinese communist revolution, they want to restore what they think is their rightful place in the world. they are on a roll since 1979 in their economy following economic shifts in power like that. the modernization of the chinese military is incredible and incredibly fast. they want to do it peacefully, but they are preparing to do it violently if they need to. if you want to deter, there's a lot of diplomatic action but the baseline of deterrence is a strong, capable military, peace hrough strength. >> the only thing i would like o add is what the chairman said at lunch, i hope they understand what he is saying. i hope they have de
they called it the china dream. by 2049, they want the united states out of east asia and want to be the regional hegemon. they would prefer to do it peacefully. they want the united states to peacefully retrench and ithdraw and let the chinese be withdraw and let the chinese be the dominant power in asia as they have been for five millennia. between the opie moors of any 1840's and the chinese communist revolution, they want to restore what they think is their rightful place in the world. they...
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/china relations. the sound and steady growth of the bilateral relationship as well as bilateral cooperation in major fields would be out of question. also, chris, there are concerns that the president-elect is not receiving as many intelligent briefing as past president elects to which donald trump says he doesn't necessarily need to receive them on a daily basis because he is a "smart guy." chris? >> all right, jason, thank you very much. we have russia and china in the crosshairs. with russian interference the question is motive and what's fueling a little bit about these questions about motive is the gap between the cia and fbi and their findings because right now they don't line-up completely. let's bring in barbara starr to break down conflicting information. is that the right way to characterize it? >> you know, chris, good morning. these are assessments by the cia and the fbi and if they don't have exactly the same assessment, you would think that is something the president would want to know a
/china relations. the sound and steady growth of the bilateral relationship as well as bilateral cooperation in major fields would be out of question. also, chris, there are concerns that the president-elect is not receiving as many intelligent briefing as past president elects to which donald trump says he doesn't necessarily need to receive them on a daily basis because he is a "smart guy." chris? >> all right, jason, thank you very much. we have russia and china in the...
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it to china in unprecedented act." trump followed up with another tweet. "we should tell china that we don't want the drone that they took." expected to be back in the hands of the americans on monday. "xi jinping prepare for rocky relations with the u.s. that trump's real thinking is very difficult toll fathom." and accused of adding fuel to the fire and concluding he seemed emotionally upset but no one knows what he wanted to say. trump is not behaving as a president. former governor of the state of washington, gary locke, joins me now. there are a lot of people who feel that the u.s. has been getting played and rolled by china, that china has done all kinds of things in terms of its economic relations, that it has stolen intellectual property and finally someone is going to get tough and crack down on the chinese. what is your response to that? >> first of all, lots of cases have been filed against china and the wto and we have won those and forced china to change their trade policies. we've also imposed a lot of du
it to china in unprecedented act." trump followed up with another tweet. "we should tell china that we don't want the drone that they took." expected to be back in the hands of the americans on monday. "xi jinping prepare for rocky relations with the u.s. that trump's real thinking is very difficult toll fathom." and accused of adding fuel to the fire and concluding he seemed emotionally upset but no one knows what he wanted to say. trump is not behaving as a president....
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>> i think it will -- it could potentially in the south china sea -- i think china's been going their own route there. i'm more concerned truthfully with relationships with north korea. how japan sees this. how other nations in asia see this kind of an approach where it's an unknown communique without informing allies that are dependant on these kind of relationships. so it is more than just a tete-a-tete with one other country. whenever you have communications like this you have to consider the whole of the alliance and the strategy writ large. those are some of the things that mr. obama has been slammed for that he hasn't had coherent strategies. this is a one-on-one nation communique that is just not good for that part of the world. >> admiral williams, same question. do you worry about the contested south china sea, for example? >> i do, there's $5 trillion of trade that flow through the straits in the south china sea area. i guess some time ago, president obama has been a little bit -- i guess more acquiescing to china's demands. it happened in the -- it's happened in a couple of
>> i think it will -- it could potentially in the south china sea -- i think china's been going their own route there. i'm more concerned truthfully with relationships with north korea. how japan sees this. how other nations in asia see this kind of an approach where it's an unknown communique without informing allies that are dependant on these kind of relationships. so it is more than just a tete-a-tete with one other country. whenever you have communications like this you have to...
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china sea. and there china has claimed but that taiwan and other smaller countries dispute in that region nap was regarded as a provocative action. china has also voted in recent days against the united states on the u.n. security council on syria-related measures where previously china a abstained. these moves taken together appear to some in the diplomatic community to be calculated messages from china to the president-elect. sort of warning trump and warning the united states th that -- that actions like flouting the one china policy come with consequences. obviously, there have been no, no military attacks or anything along those lines, flying nuclear-capable bombers along the disputed region was, though, something china had not previously done before. >> and we've heard throughout the election so many times donald trump bashing china over its trade practices, but then we also heard him yesterday when he was on fox weighing in on the south china sea dispute. and north korean nukes. what is t
china sea. and there china has claimed but that taiwan and other smaller countries dispute in that region nap was regarded as a provocative action. china has also voted in recent days against the united states on the u.n. security council on syria-related measures where previously china a abstained. these moves taken together appear to some in the diplomatic community to be calculated messages from china to the president-elect. sort of warning trump and warning the united states th that -- that...
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cpi year on year from china. and the correction we have, 3.3% for the year on year, as opposed to the number expected of 2.3%. at the moment, 1.5% moved to the outside was month on month, not year on year. so that is what we have currently going on. the ecb sent shock waves through europe and bond markets, more hawkish and dovish than expected -- expected. they will buy fewer bonds per month. does that work or not? >> that is the question of the day. especially if you're a global bond trader. cutecb announced it won't its monthly bond purchases to 60 billion euros a month from 80 billion euros. you could call that a tapering, right? that was not expected it, so that hit the market hard. but notwn the road, now. the extended its bond purchases six months past the march 2017 and date. nine months, now they are to the end of next year. that is more because they said they would be done at the end of the third quarter. we would get a six-month extension. means 540 billion euros more purchased than it would have been o
cpi year on year from china. and the correction we have, 3.3% for the year on year, as opposed to the number expected of 2.3%. at the moment, 1.5% moved to the outside was month on month, not year on year. so that is what we have currently going on. the ecb sent shock waves through europe and bond markets, more hawkish and dovish than expected -- expected. they will buy fewer bonds per month. does that work or not? >> that is the question of the day. especially if you're a global bond...
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>> i would not presume to advise the president-elect on china policy, but i would warn him that china is very willing to flex their military muscle. if you remember george bush jr. in the first month of his presidency had to face a china crisis with one of our navy jets got clipped by a chinese plane, it was grounded for ten days. for ten days seized our people -- >> happened back then. >> and even under bill clinton he had a china confrontation with warships being put in there. so for donald trump it's been a lifelong campaign against the chinese, but it has real world foreign policy implications. >> but charles payne, we've always -- with the chinese. one thing weird or refreshing about donald trump is he's not. >> he's not. but again,amy's got a point with respect to mexico and canada are going to fold on nafta. that's going to be pretty easy. but china already they flew that long range nuclear bomber, you know, they have militarized or they're militarizing that manmade -- >> so you'd be afraid to take them on? >> no, you have to. the longer we wait, the more powerful they become.
>> i would not presume to advise the president-elect on china policy, but i would warn him that china is very willing to flex their military muscle. if you remember george bush jr. in the first month of his presidency had to face a china crisis with one of our navy jets got clipped by a chinese plane, it was grounded for ten days. for ten days seized our people -- >> happened back then. >> and even under bill clinton he had a china confrontation with warships being put in...
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and china, one certainly on taiwan, one over the south china sea, one over trade. all very dangerous tense issues, without any articulation of exactly what the change is, other than we're going to be tougher here. and the thing is that each of these has a potential for an escalating conflict. the south china sea, you have u.s. war planes flying over those islands. i was on one of them last year, coming in very close proximity to chinese war planes. you have u.s. war ships sailing by those islands coming very close, as well. as you raise that tension, those conflict points, one of those, whether it's in the military sense or as van says, in a trade sense, has the potential to blow up, to some degree, and when that happens, it's not just the chinese that pay, right? it's americans who potentially pay as well. >> we're going to have more on this conversation. we're going to focus on a completely fake news story. a member of the trump transition team, and the man who opened fire at a washington pizzeria. later, protesters trying to stop an oil pipeline score what looks
and china, one certainly on taiwan, one over the south china sea, one over trade. all very dangerous tense issues, without any articulation of exactly what the change is, other than we're going to be tougher here. and the thing is that each of these has a potential for an escalating conflict. the south china sea, you have u.s. war planes flying over those islands. i was on one of them last year, coming in very close proximity to chinese war planes. you have u.s. war ships sailing by those...
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and it risks infuriating china with one china policy which claims that taiwan is part of china. trump tweeted after. interesting how the u.s. sells taiwan billions of dollars on military equipment but i should not accept a congratulatory call. china released this statement, we urge the revolution side of the u.s. to adhere to the one china policy abide by the pledges in the three joint china-u.s. communiques and handle issues related to taiwan carefully and properly. >>> democrats are asking president obama to declassify intelligence after new information specifically to help donald trump win. cnn's jim sciutto has details now. >> christi, we are learning there's new information that russia's election-related hacking is believed to have been intended to help spear the election to donald trump. democrats now want president obama to make this information public. >> reporter: democratic senators are pressing the obama administration to more forthrightly state that russia's meddling in the u.s. election was intended to help donald trump. multiple sources tell cnn. the democratic pre
and it risks infuriating china with one china policy which claims that taiwan is part of china. trump tweeted after. interesting how the u.s. sells taiwan billions of dollars on military equipment but i should not accept a congratulatory call. china released this statement, we urge the revolution side of the u.s. to adhere to the one china policy abide by the pledges in the three joint china-u.s. communiques and handle issues related to taiwan carefully and properly. >>> democrats are...
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into china. there is the tipping point. 2015, $15.3 billion in overtaking u.s. flows into china. muchad: thank you very indeed. right, still ahead, unpacking the latest trade data out of china, hsbc's insights on this. you're watching bloomberg. ♪ rishaad: we are back. this has turned out better than was expected, but can the positive trend continue into next year. let's bring in julia wang. we are waiting for this trade data. what are you looking for in that data? think that when you look at , fairlyand imports modest contraction. i think we're looking for the pace of contraction to be somewhat smaller, but nonetheless a bad year for exports. step the market thinks about is what this means for the currency, and the fixings came out today. it has been that they cfo's of the market over the past month and has continued to edge up, become weaker. rishaad: today was a stronger fixing, but -- >> yeah, so, it has been stronger than expected for a couple of days. i think they are trying to manage the pace of weakness in the currency, but the broader data that comes out today and , pe
into china. there is the tipping point. 2015, $15.3 billion in overtaking u.s. flows into china. muchad: thank you very indeed. right, still ahead, unpacking the latest trade data out of china, hsbc's insights on this. you're watching bloomberg. ♪ rishaad: we are back. this has turned out better than was expected, but can the positive trend continue into next year. let's bring in julia wang. we are waiting for this trade data. what are you looking for in that data? think that when you look at...
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china is extremely sensitive about the one china policy. anyaad: trying to brand country as a currency amid later, moving beyond that, if we look beyond the rhetoric, what about any real impact? >> i'm not sure about real impact. trump is walking a very dangerous line. at some point in time, you want a certainut beyond point, you don't want to take a certain chance. on the other hand, if you look at the evidence over the past hass, the taiwan dollar risen against the greenback, but the chinese currency has dropped almost 6%. that is a huge almost devaluation, depreciation in any. of time. -- in any period of time. i'm sure he has his reasons. the real impact is he good push things beyond a certain point where it could affect the entire asian economy. a good have a knock on effect and currency stocks and all of that. sophie: leading into perspective here, china is a behemoth. taiwan, but we are seeing with the u.s. relationship in this region, what else can we anticipate here? take a look at the economics of taiwan. >> they have been plannin
china is extremely sensitive about the one china policy. anyaad: trying to brand country as a currency amid later, moving beyond that, if we look beyond the rhetoric, what about any real impact? >> i'm not sure about real impact. trump is walking a very dangerous line. at some point in time, you want a certainut beyond point, you don't want to take a certain chance. on the other hand, if you look at the evidence over the past hass, the taiwan dollar risen against the greenback, but the...
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i spent a lot of time covering china and in china. china is extremely sensitive to the most minor shifts in rhetoric, diplomatic signals, policy shifts, et cetera. to have the president-elect tweet out, we know the way donald trump uses twitter, this is expressions of his policy positions, to have a president-elect tweet out two very, i don't know if antagonistic is the right word, but very firm statement, shall we say, on major policy issues between the u.s. and china, economic policy, foreign policy with the south china sea, that signal a substantive shift from a bipartisan decades-long bipartisan approach to china, right, on those issues, but also in terms much tof taiwan that g back to 1979 recognizing beijing as the seat of china as opposed to taiwan. when that happens from the president-elect, that's major. that's substantial. while china's public statements have been very measured, saying well, this is a trade relationship that has benefited both sides, i have heard and i think this is quite credible, that inside china's foreig
i spent a lot of time covering china and in china. china is extremely sensitive to the most minor shifts in rhetoric, diplomatic signals, policy shifts, et cetera. to have the president-elect tweet out, we know the way donald trump uses twitter, this is expressions of his policy positions, to have a president-elect tweet out two very, i don't know if antagonistic is the right word, but very firm statement, shall we say, on major policy issues between the u.s. and china, economic policy, foreign...
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and china last year. more of that is imports than exports, true, but americans are consumers as well as producers. if we begin to block off access to our markets, they block off access to their markets even more, that is not good for americans. does russia due to chinese relations? russia is complicated. the last few years have been dominated by talk of russia and china working together against the united states. it is a murky game. i am not sure how that will play out. after the election, almost all emerging markets went the -- immediately after election, almost all emerging markets went down, because there was expectation of fiscal stimulus, and fed tightening, that would pool dollars back into the u.s. the exception was russia. markets because the where more accommodating with even the lifting of sanctions. vonnie: if you look at the bloomberg at the primary winners, there is another russian index in the top 10. you are just back a few months ago from some baltic states. what did you make of the reacti
and china last year. more of that is imports than exports, true, but americans are consumers as well as producers. if we begin to block off access to our markets, they block off access to their markets even more, that is not good for americans. does russia due to chinese relations? russia is complicated. the last few years have been dominated by talk of russia and china working together against the united states. it is a murky game. i am not sure how that will play out. after the election,...
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>> the one china policy is nonnegotiable as far as china is concerned. we have seen a commentary piece in the "the global times" saying is a novice and he is being manipulated by conservative consultants. it is mixed messages that china is having to deal with. they have seen the potential wh- which of itself was protocol breaking. yvonne: since new ambassador to china being named, terry branstad, seen as a friend of china, and yet they hear these strong comments and trump particularly as well as on things like trade and being labeled the currency manipulator, and now this questioning of the one china policy. yvonne: tom, thank you. tom joining us live from beijing. up next, more accusations are leveled at the korean president park geun-hye. what might happen when she leaves office and loses immunity from prosecution. this is bloomberg. ♪ yvonne: you're watching "daybreak asia." i'm yvonne man in hong kong. ramy: i'm ramy inocencio in new york. hundreds of thousands of people rallied on the streets of seoul, keeping up pressure on authorities to remove
>> the one china policy is nonnegotiable as far as china is concerned. we have seen a commentary piece in the "the global times" saying is a novice and he is being manipulated by conservative consultants. it is mixed messages that china is having to deal with. they have seen the potential wh- which of itself was protocol breaking. yvonne: since new ambassador to china being named, terry branstad, seen as a friend of china, and yet they hear these strong comments and trump...
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-- outside of china. i think all evidence points to the contrary that this money, no matter how they provide in additional liquidity, is ending outside of china. joe: let's shift gears to the u.s.-china relationship, which is already in the spotlight with the incoming administration in the u.s. donald trump hinting that the one china policy could be contingent on some sort of new trade deals, new trade discussions. how is china likely to respond to these noises? chris: this is absolutely crossing a red line for china. this is not something that they will take lightly at all. they were probably willing to tolerate the phone call to taiwan. it seems very reasonable from a policy perspective for the incoming president to push china to open up its own markets, which are incredibly closed, for both investment and trade. however, discussing the one china policy and even disavowing it as president-elect trump seemed to do, that is absolutely crossing a red line for china and not something they are going to take
-- outside of china. i think all evidence points to the contrary that this money, no matter how they provide in additional liquidity, is ending outside of china. joe: let's shift gears to the u.s.-china relationship, which is already in the spotlight with the incoming administration in the u.s. donald trump hinting that the one china policy could be contingent on some sort of new trade deals, new trade discussions. how is china likely to respond to these noises? chris: this is absolutely...
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you said that china -- the united states accepts china's one china policy that taiwan is part of china. that is not historically correct. the u.s. position is that taiwan's future is to be determined by the mutual consent of the chinese and taiwanese people. so it's not the same as saying from the outset that taiwan is part of china. i think the phone call is, frankly, almost an american media and expert tempest in a chinese teapot. the content of the call was perfectly routine for the leader of the one country to congratulate the leader of another country. i think we're making much too much of the perceived change in u.s. policy. mr. trump -- >> so then if it's too much is being made of it, why would china call the white house and say be careful? >> because china always does that, number one. number two, i think the american media and experts have virtually invited china to react harshly. because i think we reacted faster than the chinese government did. so i don't think we should make much more of that. what's really at stake here is that china resents and objects to any visibility,
you said that china -- the united states accepts china's one china policy that taiwan is part of china. that is not historically correct. the u.s. position is that taiwan's future is to be determined by the mutual consent of the chinese and taiwanese people. so it's not the same as saying from the outset that taiwan is part of china. i think the phone call is, frankly, almost an american media and expert tempest in a chinese teapot. the content of the call was perfectly routine for the leader...
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Dec 16, 2016
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moves china is making in the south china sea. a lot remains to be seen about what happens here. i guess we will be watching to see if current president obama will mention it in his press conference that is coming up. it was not on the agenda, but he will be reacting to it now. sahil kapur, nick wadhams, to a. we are -- thank you. we are awaiting the press conference with president obama to see what he talks about before he goes away for the holiday. we will for comments on china and russia with all the hacking information. we will bring that to you as soon as it begins. this is bloomberg. ♪ scarlett: mrs. bloomberg markets. i am scarlet fu. oliver: comedy markets are closing in new york. abigailt to it doolittle. on the week it is a different story. gold is down 2%, a big decline on that federal reserve rate hike. the dollar climbed pressuring gold. this is gold six decline in a row. gold has been down every week since the election. bloomberg and in yellow we have gold and in white we have the 10 year yield. ,e see as yields ha
moves china is making in the south china sea. a lot remains to be seen about what happens here. i guess we will be watching to see if current president obama will mention it in his press conference that is coming up. it was not on the agenda, but he will be reacting to it now. sahil kapur, nick wadhams, to a. we are -- thank you. we are awaiting the press conference with president obama to see what he talks about before he goes away for the holiday. we will for comments on china and russia with...
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Dec 5, 2016
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-china policy. and his advisers are down playing this as a courtesy call, denying any policy shift before trump has taken office. but unsurprisingly, the white house and state department are worried about the fallout. here's josh earnest. >> it's unclear what the strategic effort is, what the aim of the strategic effort is, and it's unclear what benefit could be experienced by the united states, china, or taiwan. but i'll leave that to them to explain. >> donald trump has promised to strike a hard bargain with china on all aspects of u.s. policy from trade to the economy, to security. and this is a man, wolf, who has written about china as an enemy, about taking away what he called china's advantages. so i think it would be fair to say that donald trump knew the message he would send to china. there's a new sheriff in town. but it doesn't seem to be completely mapped out. >> how is china reacting to all of this? >> reporter: aside from those editorials, they're playing it cool for now. they're criti
-china policy. and his advisers are down playing this as a courtesy call, denying any policy shift before trump has taken office. but unsurprisingly, the white house and state department are worried about the fallout. here's josh earnest. >> it's unclear what the strategic effort is, what the aim of the strategic effort is, and it's unclear what benefit could be experienced by the united states, china, or taiwan. but i'll leave that to them to explain. >> donald trump has promised...
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more signs of china cracking down on speculation. at least on their commodities markets. 2%, 2.5%.s up back to the opec story. what are we seeing as far as effects? airlines and oil producers, very basic, plain, vanilla. chinese airlines down. southeast asia, east asia. airlines,oard, qantas so forth. i won't go through this, but fairly substantial gains through a lot of these regions. let's see how far this actually holds. these are extreme gains we are seeing in this space. host: let's explore this a little bit more with craig mcmahon, asia-pacific head of research at wood mackenzie, one of the biggest energy analyst firms. we get good insight into how the oil prices going back to their glory days. does this really mean? -- what does this really made? not the glory days, that is for sure. i think what it does mean is we are going to see the balancing in doing oil markets between supply and demand really being accelerated. oil demand is forecasted next year at about 1.4 million barrels per day. local oil supply is forecasted to grow
more signs of china cracking down on speculation. at least on their commodities markets. 2%, 2.5%.s up back to the opec story. what are we seeing as far as effects? airlines and oil producers, very basic, plain, vanilla. chinese airlines down. southeast asia, east asia. airlines,oard, qantas so forth. i won't go through this, but fairly substantial gains through a lot of these regions. let's see how far this actually holds. these are extreme gains we are seeing in this space. host: let's...
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china, china, china! >> trevor: chyyyna! ( laughter ) quick question, how are you going to fight a country when you can't even pronounce their name? chyyyna. chyyyna. sounds like a toddler who just learned the name of her private parts. chyyyna! chyyyna! chyyyna! that's where my ties come from! ( talking like a baby ) and, by the way, why do donald trump's suits fit so poorly? i don't understand why they fit like this. they're made for you and by you! why would they fit so badly? i wouldn't be so shocked his suits fit like that because he exaggerates his measurements to his tailors. no, my arm's this long! ( laughter ) since the '80s, trump has been itching to pick a fight with chyyyna. even though it's 44 days till he officially takes office he's already started (bleep). >> in an unprecedented move mr. trump took a call from taiwan's president, breaking tradition. >> calling it a blunder. >> phone call touched you have a weekend diplomatic fire storm with china and broke decades of presidential protocol. >> trevor: yep, onc
china, china, china! >> trevor: chyyyna! ( laughter ) quick question, how are you going to fight a country when you can't even pronounce their name? chyyyna. chyyyna. sounds like a toddler who just learned the name of her private parts. chyyyna! chyyyna! chyyyna! that's where my ties come from! ( talking like a baby ) and, by the way, why do donald trump's suits fit so poorly? i don't understand why they fit like this. they're made for you and by you! why would they fit so badly? i...