korea was part of china to a certain extent of course during different kingdoms how over china was not an occupying force of korea at all throughout the historical period and i think between china and the korea for two thousand years the relations have been normally very knowing or more and good ok and the korean culture has really benefited. a raise any time say china are threatening isn't a respond to that but really is not making any sense at all ok let's let him respond to that i can see him shaking his head. i dast say that the u.s. state particularly want to be treated to an argument about history but history matters enormously in this region i suppose i'm a disinterested observer from the outside. the aggression thing could be argued in lots of ways but the claims that korea was in any sense part of china are deeply controversial and resent it there are lots of historical arguments but i guess maybe i mean i think it's a very what victor is saying will i suspect be seen in south korea though i'm not the one to say this as as as actually quite patronized like the point i draw the

they would get killed in china. emily: he left google in 2009, then google left china. what happened. ? .ai-fu: i was surprised new york times called me and asked me for a quote. they sit google just left china. i said i had no idea. i can't give you a quote. then i read about it in the news. didn't want to respond to the censorship demands of the chinese government. was that the right call? kai-fu: it is hard to say what is right or wrong. google is a value-centric company, so it will do things according to its values which we all respect, but on the other hand makes it impossible for the company to do business in china, and i would prefer to seek wouldment, and engagement give users more choices, and that would ultimately i think lead to the competitiveness and better products, but that requires following the law, and if you choose not to, then i guess you would have to exit. emily: do you think a google will return to china? butfu: it is hard to say, the core products cannot return and less they follow laws and regulations. some secondary products, facebook's oculus

with china's. the label as communists and states china subject of some modest compare where their weight they're not trying to run the world they're not even trying to run asia pacific i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because alonso was asian long history in their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so entrepreneur school but it's not also the product of the exploitation of people at the bottom what are known in china as migrants but they're not really migrants so. if you really. go to port to this my women workers you will find quite surprisingly. over the past five to seventy years they have experienced. greater income increase their. social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the n

and china. could be the consequences well let me just give you an example of what one chinese four five megaton warhead do to a city in the united states forgot through. the detonation of that weapon over a city would instantly ignite about six or seven hundred square miles on fire. and within twenty to thirty minutes all those fires would call us into a single gigantic firestorm or be no escape from it so all the people there would perish so the u.s. with say hundreds of. nuclear weapons on chinese cities well when you combine all the smoke from these nuclear weapons detonating it actually creates millions of tons of spoke black carbon spoke polarized above club level into the stratosphere it's heated by the sun and sacks like a solar collector and that smoke because of that will stay there for ten years or longer and what the smoke does is it blocks forming sunlight from reaching the surface of the earth. and it becomes so cold in a matter of just a couple weeks that will the temperatures will

this is made in china or made full of made to last made in china and since made in china. own this is tom all i can say is what is written but mccrimmon my style i am the queen of the night no reason started that candies are made in china. china can we test them for lead please i'm still using it so. i just take this out yeah. yeah this sucks this is made in china chinese everything. the labels are trying to sell you think we could like put the light in until they're done so well i mean then you can just like the grinch take all the short lengths to be that. the power strip is made in china interesting. huge surprise to hear about the recent ban on the us films and try out their socialistic in the. idiots they don't want their local films. to have any competition let's just mark this stuff and get it all around here. for you and i'm very happy about the event on pissed off tong the sox. will hide the body image of. the little i'm good to the realism. of them to the american dream. as was our one story house to house fourteen years and finally my parents have been named to

ambassador a direct plea to china to exert greater economic pressure on its ally and neighbor we need china to do more president called chinese president xi this morning and told him that we have come to the point that china must cut off the oil from north korea that would be a pivotal step in the world's effort to stop this international pariah but no such pledge from china instead it called again on the u.s. to explore a freeze for freeze scenario in which north korea would slow its missile program if the u.s. and south korea lowered their military posture on the peninsula this position supported by russia. we proposed a solution based along the principle of suspension for suspension which in visions of d.p. r. k. stopping missile tests while at the same time the u.s. and south korea decreasing the scale of their military exercises this in turn will pave the way for the principles of peaceful coexistence and peaceful discussions between washington and pyongyang. but this has been repeatedly and vehemently ruled out by the u.s. another round of joint exercises between the u.s. and so

we have all these americans now trying to know about china, trying to see that china is different. >> that was something you wanted to do, change the perception? >> yeah. it's important when they see your car, they respect you. >> for many second generation chinese kids living in america without parental supervision and unlimited amounts of cash, it's easy to feel like rules don't apply. and their antics have caught the attention of the media. what do you think americans think? >> they're bewildered, actually. like these asian kids are just reckless. you want things now. you want it, you got it. and you can keep getting it. but these things are not sustainable, right? dale. dale! oh, hey, rob. what's with the minivan? it's not mine. i don't -- dale, honey, is your tummy still hurting, or are you feeling better to ride in the front seat? oh! is this one of your motorcycling friends? hey, chin up there, dale. lots of bikers also drive cars. in fact, you can save big if you bundle them both with progressive. i'd like that. great. whoo. you've got soft hands. he uses my moisturizer. see y

is china. a major source of income, the new growth, will have to come from china. india, there is a large market, but there is hardly any growth. the main market is the english language films in china. so if china were to retaliate, it would be a battle of both parties. i do not wash to see that scenario materialize. ofwe have asked the chairman the film association of the u.s. to pass a message to mr. trump. let's leave the entertainment industry alone. no more, please. >> do you think there is some way in which entertainment is different? you talked earlier that the chinese have limits on the number of american films that come in. is the answer for both sides to have no limit, or do you think there is something about entertainment where people should be able to limit what comes in, what goes out? >> [speaking mandarin] china, although we say there is control, there's also different categories of production. there are different channels into china. observed some chinese investment in there will be no backtalk in the u.s. more and more companies are doing coproduct

beginning here in china and we will be building a china trade center here. on this line behind us we will have one hundred twenty thousand square metres of office space over five stories. hundred scientists meter. the center is set to accommodate around two hundred companies which will have excellent access to the european market from here the construction is being subsidized by the chinese government as part of a long term strategy. that also includes the new train link. it may not be making any money for beijing yet but the financial commitment makes do is confident that when it comes to the new silk road on future trade the chinese really do mean business. well many countries are profiting from china's multi-billion dollar project but some of china's partners are worried to be out of the loop let's bring in our finance correspondent andrea hearing from singapore china is teaming up with many partners but not everyone is happy who is it well just three main parties here we're talking about of course india its biggest competitor the second asian superpower

chasing china. one of the country's leading businessmen tells the bbc foreign tech firms must accept china's laws if they want to compete there. open to the world, open to twitter and facebook and google? and on the markets today we are seeing declines across the board in asia following a downbeat session in the us. we'll explain why traders are selling. should luxury brands be able to stop retailers from selling their products on online marketplaces such as amazon and ebay? that's the question at the heart of a decision being made by europe's top court today. it's a battle that's been ongoing for a decade and could have wide ranging consequences for internet shopping. the test case was initially bought in germany by coty, the multi—billion—dollar us beauty company whose luxury brands include marc jacobs, calvin klein, rimmel and chloe. coty argues it should have the right to choose who sells its products and how. that would allow the firm to protect its image and exclusivity as part of the glob

beginning here in china and we will be building a china trade center here. on this land behind us we will have one hundred twenty thousand square meters of office space over five stories. hundred twenty thousand meter. the center is set to accommodate around two hundred companies which will have excellent access to the european market from here the construction is being subsidized by the chinese government as part of a long term strategy. that also includes the new train link. it may not be making any money for beijing yet but the financial commitment makes do is confident that when it comes to the new silk road and future trade the chinese really do mean business. you grow it is a gigantic project costing the chinese hundreds of billions of dollars will it all be worth it let's bring in philip build ski he's the head of china desk and joins us now from bonn philip what is the long term strategy behind this. well what china's trying to do here is to find a new perspective for the chinese economy the chinese economy as you may know is not growing as fast as i

>> in china limited. chinese capacity has built up to the point where they produce more refined fuels than they though these oil refineries if they get the natural gas cut off, there should be enough to go around. we will see some impact in the rest of asia because china has become a big exporter of refined fuels like diesel gasoline, so those markets could get tighter and maybe raise profit margins for some of the other asian refineries in the region. david: interesting there. back in china, it seems as though every time we approach winter that we talk about the stories have been of china's reliance on coal. talk to us about the transition and then looking to move away from coal is coming along? this winter is not coming along very well. the government for years has talked a big game about making cleaner skies, and to be fair the central government really decided to put a lot of effort into it is sheer. they went to local governments and said we will grade you guys on your performance of getting people s

are you happy with china? >> i am happy with china. there is clear connectivity, and it also fills the gap, which is commodities, but there is still a lot we can do to beef up the valuation an opening the warehouse is by getting more chinese trading. , yes youlast question know, gold connect in 2018? >> we have london and hong kong come and at some point we may connect them, but early not 2018. rishaad: thank you so much. the chief it executive of the hong kong exchange charles li. next, the outlook for hong kong and china and an interview at the top of the hour. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ rishaad: markets kicking off the penulti

china economic relationship and i think we do need to take those very seriously but i agree with you that the tone overall is is too negative you know right now we have security concerns about china but that is to some extent inevitable with a rising power and i think overall i have worries about china too but most of its military activities that we don't like are in the uninhabited islands of the south china sea and they're not attacking other countries they're not doing things that historically you know rising powers that at the beginning of the twentieth century for example you know my letter should have been a little more measured not mike let me say with you here i mean. put yourself in the chinese position in beijing and they read this report here and then they hear from the american white house or the state department why don't you help us more on north korea i mean if i was sitting in beijing i said well what are you talking about these are your words this is your official policy and you come to us for help i mean it's really quite remarkable the same thing actually can be ap

america's biggest export to china was garbage literally garbage huge tankers full of waste and now china is hit the maximum capacity for garbage and toxic sludge and air pollution and people are choking to death on the street and mercury poisoning is killing babies and whatnot so the government's like hey you know maybe we should take less garbage from america so they put the kybosh on this old garbage export business and now that as you point out these virtual signallers in other words you know weasely types and portlandia which is a great show by the way are on able to exercise their virtue by composting their own banana peels and by growing you know their own organic plants in the backyard and dividing plastic and whatnot in the recycling bin they have to now pay that's the bottom line they got the pay well actually part of the problem has been that they do not recycle they do not separate plastics so if in fact in our own community you'll see that the recycling section is just you dump it all plastic paper. or anything so people have been putting their stuff down on moles wool sweate

before, china was such a big race. it will not have a big effect to solve its aging problem, and mike other entries. singapore can really leverage immigrations, but that's one small way of mitigating this problem. betty: again, that was james, renowned demographer in china, speaking to tom mackenzie. we are going to have much more ahead on tech companies. why ask why they say finding talent is the toughest task as they expand in asia. andrew joins us next. this is bloomberg. ♪ betty: this is "daybreak asia." i'm betty liu in new york. haidi: i'm haidi lun in sydney. our next guest says a good location on the top of the list when discussing tech trends in asia, and looking across this region, china, india, and japan seem to offer the greatest potential over the next decade. joining us now is the is a research executive director. it is not all about tax incentives. >> sorry, it's all about? haidi: it is not all about tax incentives. >> absolutely not. it is not all about tax incentives. we carried out a major study lar

pierre-yves: china is a big factor for em. 0being more optimistic on china makes us very comfortable with em in general. not everything in em. we are coming to a tighter level right now. the big thing next year will be differentiation. one factor will be politics. you have the big value opportunities in local markets. a lot of countries are beyond 10% of the yield. the election will matter. it will differentiate winners from losers. jonathan: i'm assuming you share his confidence around emerging markets? bob: i do. by the way, i'm impressed with the way china policymakers have handled things. we want them to rein in credit a bit. we talked to about how they snuck in a decorative rate hike on the heels of the fed. they are doing all the right things. if they are doing the right things, and you got this stimulus coming out of the developed central banks, you are going to have a pretty good environment for emerging-market debt. jonathan: i believe a number of years ago they delivered a rate hike on christmas day as well. bob michele, pierre-yves bareau, thank you for joining us. next up

china is not happy obviously about such a public rebuke about the red handed claim but then china i think it's also true to say has become accustomed to a different way of dealing with the united states over the past year has gotten used to these kind of tweets at the foreign ministry briefing friday in beijing there was no specific reference to the this latest tweet it will probably be ignored officially but the spokes person was asked about the allegations about the hong kong registered vessel seized by south korea about it being involved in this illicit trade the ministry says that it has been investigated and chinese customs has no record of this vessel visiting a chinese port since august it's claimed of course that this is a less illicit trade has taken place since then china says it doesn't know the whereabouts of the ship it can't rule out that it has been visiting other ports but as far as it knows it is not been doing anything any sort of illicit activity and has repeated that china is committed to the u.n. sanctions that will stand by the u.n. resolution and enforce sanctions a

to be like oh that's great you know china was shocked by this report china was stunned if you read the chinese media this week they were taken aback they did not expect this to come and they don't really count that much on the primacy of individual relations this is an institutional document even if some of it is just whatever language the language of annual reports nonetheless the chinese see in this report something that they did not expect they were very hopeful and i think the russians were earlier hopeful that trump would mean something new something less oriented towards aggression and towards regime change towards unit polar domination that america for ok gentlemen now that we've been around it looks like it doesn't i have to jump in here gentlemen we'll find out if this report actually is a blueprint for the future many thanks to my guests in washington and thanks to our viewers for watching us here at r.t.c. you next time and remember. how does it feel to be assured the greatest job in the world. it's as close to being a king as any job there is one business model helps to run

you think of the size of china, growth in china, you are adding to the world economy every year. indi: we will get to china just a moment. i can tell you really want to talk about it. before we leave, you mentioned one thing they look at is the yield curve, and this is one of the themes of this year, the flattening yield curve. more and more strategists talking about potentially, you know, the spread between the five and the 30 and the two and 10 immersing. one of the things janet yellen said overnight at bloomberg asked that i thought was interesting, she almost was like "disregard this as a predictable indicator of an upcoming recession." she is putting the blame on lower term premiums. is that a good explanation? should we pay less attention to this? mark: one of the issues with the way we look at yield curves is we have the kind of mental models they are all telling us about forecast inflation since i want, but mainly, they tell us about the structure of the market. the fed, and this is something i mentioned before, the fed have been buying back mortgage-backed securities. wh

from china. the market access or the market status that china is looking for. is that the strategy to press china am a what are the measures can we expect to see from washington? ambassador: there are a good issues between our two countries and it is important to have these open and frank discussions . there are areas we feel china has not been fair. there market is not open. you can use we chat in america but in you cannot use facebook here. these are examples of where we have -- do not have a level playing field or reciprocity. china has not lived up to its obligations to be a market economy. they need to make a just and changes to do that. -- adjustments and changes to do that. i come from the agriculture heartland of america, we are proud to have american beef back here for the first time in 14 years but we want to see more opportunity for things like pharmaceuticals and medical devices. the chinese have announced their going to open up -- they are going to open up more for insurance services

. >> china internet nationwide financial services and just in the name, the only thing accurate is china. there's nothing internet or nationwide about it. from our vantage point, this thing is a complete fraud. you called it a king zero. what does that mean #>> that means it is another one of these empty boxes where whatever real business there is, it is just a tiny fraction of what they report so it is hard to tell whether the percentage of lies parreater, but it is on with. meaning it is worth this question mark >> yes, worthless. is worthless? >> yes, worthless. shareholders don't even only operating business and we see that as a deliberate attempt to isolate them from anything that could possibly go wrong so one thing to understand and this is probably a bigger point, with these companies list , nobody ever gets in trouble for it. they don't have to worry about any jail time and by setting the company up this way, they'll have to worry that the shareholders are going to get hold of the company or assets so it is guys sitting in china, laughing at the gullibility of u.s. investors and

the one thing i know about china is i will never know china, it is too big, too old, too diverse, too deep. there's simply not enough time. that's for me the joy of china facing a learning curve that steep. this certain knowledge that even if i dedicated my life to learning about china, i would die mostly ignorant. that's exciting. it's too much and changing so fast. china has a population of 1.3 billion people. and the number of them who are joining an explosive middle class demanding their share of all the good stuff, infrastructure, the clothes, the cars, the gas, the fuel is the engine that might well drive the whole world. >> you like chinese food? >> anthony: yes. he is a professor at the university. like so many people you meet here, he was chinese but educated in american universities and has taught at yale, duke and arizona state. so you forgive me, economics are not my area of expertise. i wallow in ignorance, but china looks different every time i come. it's changing so, so, so quickly. how did that happen? >> china enjoyed a long period of peace. no serious enemy, no major

these big cargo ships were going to china return to china empty because of course america. doesn't export anything to china they only import she said well send us your garbage some of your corrugated cardboard for one thing and she recycled it re fabricated it in china and sold it back to the us essentially and she became a billionaire and there was a huge garbage trade flowing from america to china america's biggest export to china was garbage literally garbage huge tankers full of waste and now china is hit the maximum capacity for garbage and toxic sludge and air pollution and people are choking to death on the street and mercury poisoning is killing babies and whatnot so the government's like hey you know maybe we should take less garbage from america so they put the kybosh on the sole garbage export business and now that as you point out these virtual signallers in other words you know weasely types and portlandia which is a great show by the way are on able to exercise their virtue by composting their own banana peels and by growing you know their own organic plants i

. >> i think china has a strategy for the 21st century. that strategy is to become the leading global power in the ur asian continent. it's a fantastic economic opportunity, but it has a global strate strategy. the united states can't wish it away and pretend it can remain the global power. it's a new reality that china and the united states are coe global powers and have to find a way to coexist and solve together global problems rather than butting up against other and confronting. >> president trump actually spoke very moderately with moderation when he delivered the executive summary. y actual 55 pages contains very harsh language about china. the strategic competitor and taking america for a ride and having an unfair program. if you were china, what would you be thinking at a time when america wants to you help tame north korea? >> first of all i think china sees the trump presidency as more of an opportunity than a threat. i think they believe that they can deal with president trump and thou play him. this is a big strategic opportun

threat to thether china -- thread of the china story. a big push to cut pollution, what that has meant for the iron millsrket, china still higher quality iron that helped with the environmental curves. it also means they can meet margins when profits are quite high. they produce a product that is of a less high-grade. they have seen a dramatic turnaround in performance. in 2016, they rose more than 200%. they were the best performer among an index, australia's largest mining and energy companies, this year is the only to return a loss. challengeslds on the for the new ceo elizabeth gains. she is currently the cfo, she will arrive as ceo in february. she will need to turnaround performance, find a solution to the product.th china, the biggest market is turning away from the product it produces. if that is not enough, she will lead a drive to find new markets and potentially diversify into other commodities. a lot for the incoming ceo to wrestle with next year. kathleen: if any of our viewers want to know more, a terrific story top mining

ambitious bells and road plan linking china with asia europe and beyond china is trying to position itself as a helpful party to promote talks between pakistan and afghanistan both uneasy neighbors ever since pakistan's independence in one thousand forty seven that's what chinese foreign minister one year had to say on tuesday. china and pakistan are willing to look at including afghanistan other bases of of when when neutrally beneficial principles discussing appropriate means to extend china pakistan economic corridor sure afghanistan shall have a hiding. and this corridor will become part of what is known as the new silk road it takes its name from an ancient trade route one thousand years ago long caravans of camels brought porcelain spices and precious silk all the way from china to europe today the chinese government is investing hundreds of billions of u.s. dollars to revive this road by building ports and bridges and roads both in china and abroad this week we want to take you on a journey along the new silk road and take a closer look at the most important stations and toda

there was the retaliation of china. at thes a possibility top it could reignite a battle over management control and may bring a negative impact on deals out of south korea. if the chairman is convicted, there is a reconstruction plan. we are expecting a verdict around 2:00 p.m. local time where you are. what berdych should we be expecting, and what sentences might we see if they are convicted? little bit hard to predict. they said may be a 10 year sentence for the chairman and his father and founder. there are possible cases. sentences of more than three years can be suspended. is sentence more than three years, he could be taken into custody later today. the sentence could be suspended. i think he will be freed if he is found not guilty. korea: thank you, our chaebol reporter joining us live from seoul. china will take over the u.s. as a top importer in five years. we will look at why moody's is concerned about high levels of corporate debt. this is bloomberg. ♪ betty: it is done, the senate cleared the temporary fu

social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the new china. here it's not uncommon for three families to share one tiny flat. you know you would so see it it's a socialist country it was a call it was equality but i'm fortunately since the reform has started china has become one of the most unequal societies in the word the income gap is widening governments i feel have retreated some of the responsibilities left the markets to take over by the market does not always treat women kindly. private companies they would just refuse to high and child's bearing age women and sometimes when women become pregnant they want second because they don't want to pay the matelote leave and in fact a the income gap has grown much bigger between men one and your old boss. presided over the bloodshed and tear them square what would you say to the survivors of tiananmen square because so many of those did fight for what very saw as democratic change in china. in ninety eight hundre

checking china data, not yet. meantime, let's get a check of first word news and data with japan punching above its weight with paul allen. paul: japan's economy extended its expansion in the third quarter as the export recovery investment and inventories. it expanded 2.5% compared with a preliminary reading of 1.4%. business spending rose 1.1% and private consumption fell by .5%. clashes erupted across palestinian territory. president trump's decision came despite warnings from middle eastern leaders and u.s. allies and sets the stage for renewed violence. the hamas leader called for a new intifada, although it is not clear if there is a popular appetite for a third uprising against israel. brexit talks continue as the deadline of deadlines looms on friday. two sides are trying to reach compromise on the status of the irish border. the eu says progress is being made, although the u.k. will not confirm any deal is near. they have not confirmed to say if theresa may will go to brussels later. germany is a step clos

beginning here in china and we will be building a china trade center here. on this line behind us we will have one hundred twenty thousand square meters of office space over five stories. meter. the center is set to accommodate around two hundred companies which will have excellent access to the european market from here. the construction is being subsidised by the chinese government as part of a long term strategy. that also includes the new train link. it may not be making any money for beijing yet but the financial commitment makes do is burke confident that when it comes to the new silk road and future trade the chinese really do mean business. one of the most important commodities on that ancient silk road was spice folks dominates the german market for spices with an eighty percent share but a family from hamburg is making fast inroads thanks in part to social media. little ida is helping out today the creators of put their heart and soul into their business and they're getting some good footage for their you tube channel. we'd like to wish you a merry

coming war on china at this time. i really felt liberated as a journalist when i was getting to the truth as i was that's what this job. under serious skies a bomb shattered monument towards destructive powers yet amid the ruins the defiant still resist and somehow survived. the people in power investigates how the suburb of damascus has refused to crumble under the might of assad's army the job are one of two at this time on al-jazeera. a hastily called summit muslim leaders declare that east jerusalem is palestine's capital and call on the world to join the. blogs obama you want your life why headquarters here in doha also coming up north korea and trade relations are on the agenda is the south korean and chinese leaders meet. all sort of the round of syrian peace talks is underway in geneva but the two sides are actually talking. tough fight on home turf why indian prime minister narendra modi has been forced to take the lead in a regional election campaign. good have you with us muslim leaders have rejected u.s. p