china's unique culture compares china to seek a central place on the world stage. in the kissinger institute we are focused on the central aspect, his thinking for quite some time which is why i'm playing it. she have always rooted our analysis on a better understanding of how china sees itself so in this case how xi sees its culture and history and how this translates into policy. under the editorial stewardship of my colleague, who is somewhere around here the kissinger institute has been building a web platform called mapping china's cultural genome and this is a curated collection of chinese language materials and analysis pertaining to chinese culture, soft power and values under the leadership of xi. the purpose is to help americans understand the connection between his interpretation of chinese history and culture and the policies he is now pursuing. we believe this platform now more important than ever because of the overwhelming emphasis that xi places on culture and civilization in the work report which he mentioned 121 times. this is why we took the time

going to work with indonesia and japan and korea and try to him china and the problem is china so dominant now economically you've seen these countries start to fall like dominoes into china's lap as we talk as i mentioned you know both the philippines is already going over korea we put the fan missile system in green business you're in china. and you can see that south korea even sterger the maybe. maybe better relationship with china in trying to go away from the u.s. because he could all over asia do that just out of economic necessity china is their largest trade partner now not the united states we have no formal leverage to keep those relationships outside of a military which which china is also quickly catching up to so i think so because you know trade in economics in first taking care of the american economy is absolutely right by the president all right so the china pivot is dead. let me ask a hypothetical philosophical question herr donald trump's aims to pay doing the right thing and helping america transition to a new world where they are no longer the big global economic or m

to china and therefore china becomes america's biggest landlord as a way to address the debt problem the currency problem the dollar problem except i mean i realize it's a bit of an idea i put the five put us on huffington post about six years ago i saw the future. if you think this is a wild idea or does it have some possibility down. well particular to fannie and freddie i think i don't think cheney's want to take on that kind of a bankrupt outfit however as you mention the economy wise the economics positions have already slipped and china is the world's largest creditor. there's a report surfaces week which i've been talking about here on the show and also writing about it china has cities now there are large is countries economically speaking you know you have shenzhen now is equal to sweden germany g.d.p. chung do the call to norway you know the three hundred six billion dollar g b cities people have never heard of tongue shown as a g.d.p. that bigger than new zealand so we saw the single day that just happened i mean chinese we talked before on the show digital payments are fi

sorry in china yes that. the the there is now a need to talk to the us and this breaks all patent. to undertake this kind of forward planning contingency planning with the united states and on the united states part they realize that. china probably cannot deliver what was formally believe that they cannot deliver control over north korea they do not control north korea so perhaps more understanding on both sides then mr kelly will have to leave it for now but we thank you very much for your time as always david kelly joining us live from beijing thank you. back to some of our other stories now the un's humanitarian chief says warning of the worst famine the world has seen in decades unless the saudi led coalition allows aid into yemen fuel and food prices have skyrocketed since saturday when the blockade was tightened it is a stark warning from the u.n. official bizarre diplomatic editor james bays reports the security council has struck a different time. after three days of quiet diplomacy with saudi arabia

china likely won't be adding the u.s. to its list during a congressional hearing in october defense secretary james mattis said and it globalized world there are many belts and many roads and no one nation should put itself into a position of dictating one belt one road that said the one belt one road also goes through disputed territory and i think that in itself shows the vulnerability of trying to establish that sort of dictate the maddest was referring to there is a china pakistan economic corridor which india says passes through the disputed territory of kashmir so beyond the economic competition with one belt one road it seems there could be other road blocks to overcome before it becomes a real competitor. how does this if we crunch the way comparison here because they are so different project that's going to include a successful and obvious stay very broad of what about europe what effect could it have there while it's not as much of a threat to europe as it is to the u.s. for a few reasons even if the t.t. ip fal

china does not say that. but china acts in that sense, china first. why not? gudrun: actually, the chinese ambassador to the u.s. said, if ththe u.s. says america first, d we need to protect ourselves from the trade deficit, it is like looking in the mirror. so what you just said is reflected on the chinese side as well. melinda: in fact, andreas said earlier that certainly donald trump, or that china is not going to be looking to play a values-based leadership role, but that is hardly what donald trump is looking for either. his approach to foreign policy is explicitly transactional. so what would you say he will be looking for from xi jinping in this meeting in china, in terms of getting a good deal? andreas: first of all, i wanted to briefly respond to your previous question about the trade deals, because to me it illustrates that there are bigger issues, north korea and the south china sea that we will get to, but his response to these two trade deals is to me an illustration of his intellectual failure, and perhaps of the entire group around him, to under

it doesn't happen yet china is not intended apparently to do that instead china. despite all the declaration of protecting of free trade china and. chris hughes something else china. for example use euro just one sided to westm and without any. fair play of for the protection of in ways many china shut down the only market for european enterprises it is not the just the policy of xi jinping but she jumping continues and i think. it is quite obvious that the united staes in some term just follow china's example. donald trump says america first china doesn't say that but trying x. percent china first or not. well actually the chinese ambassador to the u.s. said if the u.s. says america come first and we need to protect ourselves from the trade deficit it's like looking in the mirror so what you just said is reflected on the chinese side as well and in fact. said to us a little bit earlier that certainly donald trump it or that that china is not going to be looking to play a values based leadership role but that's hardly what donald trump is looking for either his ap

china cannot bully the united states. the united states cannot bully china. but we have to stand up for ourselves and say to xi directly — without twitter and tweets, and so forth — you can't go any farther. trump and xi, two strong men with self—belief. but that's where the similarity ends. this is trump's guide — the art of the deal. it says you cannot be imaginative if you have too much structure. but this is the art of war. essential reading for chinese statesmen. it says know your enemy, know yourself. the supreme victory is to subdue your foe without a fight. in chinese opera, not everyone can be a winner. us superpower, chinese rising power. the real business starts now. carrie gracie, bbc news, beijing. the next part of this was part of beijing will be happening shortly. we expect president trump to be shown around the great hall of the people. there will be a ceremony there and our correspondent is there to bring you the event. stay with us. we'll be live in beijing for the very latest, in a few minutes. let's take a look at some of the day's

-china relations. with former u.s. ambassador to china stapleton roy. talks about the influence of chinese prison xi jinping. the wilson center, this is just under an hour and a half. >> i think we can start now. good afternoon everyone welcome to the woodrow wilson international center for scholars and welcome to those who are joining us live today on her webcast in c-span for this discussion on china's 19th party congress. my name is sandy pho and i'm a senior analyst on china and united states at the wilson center and i will be chairing this discussion but as many been a china's 19th party congress wrapped up last week in beijing. for those who follow china the party congress here is like "game of thrones" and awards season all rolled into one is how i described it to my non- non-china france three detailed profiles of who's who in china's political circles and how they are connected seem to pop up everywhere and everyone starts making predictions in who they think will make it on the politburo standing committee which is the pinnacle of power in chi

, china, china, china, china. china is so smart. china, china, china, china. again, china. i respect china. china doesn't respect us. china. china. china. i like china. >> bret: we will be live from china tomorrow. actually on the great wall of china. before we go, and look at the special report control room. at the man in the middle in the front row, the director, special report's director john walter. stepping away from the television business. thank you for keeping the show on the air. i feel like i'm casey case in here, a long distance dedication. thanks for inviting us into your home. fair, balanced, and unafraid, "the story" hosted by martha maccallum starts right now. >> martha: thank you so much, great coverage from china. we pick up "the story" from her here. you could get whiplash today from a torrent of reaction and the tea leaf reading into last night's democratic wins in virginia and new jersey on election nights, that one day each year we try to figure out what it says about where we are going. >> ev

apparently but will china emerge stronger as a result of his policies. to be frank we don't know they are very very contradictionary signals coming from china on their one hand the economy is facing a deepening crisis that we see it that the money involved are opened since. syria was four years still the grose stagnating and on the other hand the expenses are increasing very quickly not only for military purposes but also for insurance for prayers for star belies in the society for. fighting against economic. ecological problems around from that point of view i'm not very sure. whether she jinping this policy they mark. to organize the march dominated by state whether this policy would succeed in that in that sense would you say that the international press is overreacting when they say that jean ping is the new mousing dong yes certainly if we just compare mild to doing. in his last two years he was dying but nobody dares to say anything against him nobody dares to say anything against his policy and his henchmen just hated this top and instantly we cou

i spoke to a legal person in china and that he said china's policy is to wait it out. they have a lot of money involved, including investments. they will start there and in between 2012 and 2013, they invested in 128 projects. this trend is continuing during a president between xi jinping in 2015. $4 billion of deals we re jinping in 2015. $4 billion of deals were signed and just this year, a chinese company investing in a mess of steelmaker in zimbabwe. china is zimbabwe's of steelmaker in zimbabwe. china is zimba bwe's fourth largest of steelmaker in zimbabwe. china is zimbabwe's fourth largest trading partner and they put all of this together and call in all weather friends, rain or shine. there are some clouds on the horizon in zimbabwe that china is whether when the storm. matt, from what you just said, it sounds like china dominates and controls of the chinese economy. it is china being a very big or above. we are shifting our attention to saudi arabia and investors around the world are still watching nervously to see what will happen next. an anticorru ption ner

and western china as opposed to having to go east you know from the sea ports on eastern china and go through the straits of malacca they're going to go west on a rail and are going to get to europe quicker and that's already cheap because the labor costs in china but then it's going to be cheaper transportation so i think the other nations particularly in europe are going to be looking at this and say whoa there's a pretty good deal not too bad how what do you think this meant bump them up to the top of the heap as far as the world's economies the u.s. is one you think it's going to cost. overtake that i do actually i mean they have been on the verge of being the number one economy u.s. is right now but they are already they have ninety some countries that viewed that china as their largest trading partner we're about forty fifty two rather so they're already doing way they're going to probably overtake us as you know we've talked about it before they've got about a six percent gross domestic product growth we're struggling to get to you know two point two this year right six billion

reason white china southern -- china currently has roots that fly from china to l.a. and new york. he is very much focused on expanding to other cities in the u.s.. planes have about 250 flying from this airport. a key challenge for the other ande owned enterprises china and china eastern. china's policymakers want the airport here, this one being built in guangzhou to be major hubs for the region funneling flights from southeast asia into europe and the u.s.. china has to go into international if it will beat those trains and automobiles. business leaders, international policymakers. we will be speaking exclusively with the program director who happens to be the former chief economist at the world trade organization. this is bloomberg. ♪ david: this is bloomberg markets: asia. angie: we are back at the global -- asia global dialogue forum. we are joined by the program director. patrick is the former chief economist for the wto. patrick a think this is possibly what we are talking about right nafta this global age of and free trade. all of these global trade agreeme

even china cannot help because as. studies say show exports is to the west. not to china. is it economic so live or off. day it's in the west there i'm afraid we're going to have to leave it where we're out of time thank you to all of our guests on the program today. to go out and hustle. thank you for watching don't forget you can see the program at any time just by visiting the website out zero dot com for further discussion join us at our facebook page at facebook dot com forward slash a.j. inside story you can also join the conversation on twitter i handle at a.j. inside story from me adrian figure the whole team here in town thanks for watching i'll see you again. in the united states rights activists are still being targeted they have enough information that you found out. what raising surveillance from both the police and the f.b.i. is and not law enforcement and. fault lines investigates the scope of these agencies tactics and the impact on civil society. confidential surveilling black lives at this time on on.

china relations. though. china is willing to work with the united states to enhance cooperation and properly manage differences the spirit of mutual respect and mutual benefit. the visit has so far been a friendly one between two of the world's most powerful leaders but it isn't clear if they'll make real progress on the most pressing issues. let's take a closer look with melissa chan she's a journalist and fellow at the robert to bush to shift oh she's also worked in china as a correspondent for al-jazeera welcome to the doubly so donald trump appears to have dialed down he's anti china rhetoric why well so you'll recall that he even on the campaign shell said that china was raping the united states this is a huge to change and shift in terms of his tone now one thing is that before he became president he probably didn't realize that he needed china so much on the north korea issue so that explains part of the dialing down the other thing is this is a president that really values his one on one with lation s

not going to work that way because does china have that type of leverage that way because does china have that type of leverage over pyongyang. it does not of course it has some of all big nations it has the most leverage most trade with north korea goes through china they have the closest contacts but the system in north korea is not only very suspicious of the us it's also very suspicious of china so they have no real reason to give in and it's not like china could be pushing around north korea and they would listen to them all right so if beijing basically can't just walk into kim your mourns the office and say this is what you've got to do what can be aging off for the u.s. president they can make sure that the sanctions will be implemented more straightforwardly than in the past that's been a problem they have been the sanctions for a long time against north korea and they were not really followed up by chinese customs they are most strict about that now but then there's a lot of discussion whether sanctions are really a way to change north korea this big doubts about it so i th

in china in the region is what many garment exporters telling .inesses in china in the region is what many garment exporters telling me ;ses in china in the region is what many garment exporters telling me in is in china in the region is what many garment exporters telling me in the vietnam have been telling me in the past few days. made in vietnam but sold in new york. vietnam is one of the world's biggest garment exporters. and you can see why at this factory in ho chi minh city which produces everything from suits to coates every single day. —— coats. some of the best—known brands in america are made here under the watchful eye of michael. the us is still his biggest customer discipling out of the tpp, but that could change the pillar in the last two months we have seen sales increase with china. that is a probable business, a positive force, in the near future. probable business, a positive force, in the nearfuture. china is already a major customerfor in the nearfuture. china is already a major customer for vietnam's biggest coffee exporter and grains provider. it sells ric

even china cannot help because as. studies say show exports is to the west. not to china. is it economic so why. is it in the west there i'm afraid we're going to have to leave it where we're out of time thank you to all of our guests on the program today. to go out and hustle. thank you for watching don't forget you can see the program at any time just by visiting websites i was zero dot com for further discussion joined us at our facebook page at facebook dot com forward slash a.j. inside story you can also join the conversation on twitter handle at a.j. inside story from me or the whole team here and thanks for watching i'll see you again with. the new era in television news. it doesn't say that it's tough to do things in secret that are i mean we had actual victims who had survived the torture detention and this was the cause of my arrest if you could. just stay the fuck would you. like this conviction that everyone has a deep reservoir i'm going to if you can give them the opportunity and wonderful things start to

tough, very, very hard on china, pushing back hard on china. but of course the reality of the world as we need their money, their product, and we need their help on north korea. the president has had to choose a different tack as it relates to dealing with china. and he has, i think the term in washington, we say he has grown in office. when somebody abandons campaign promises, we say they have grown in office. he's deftly grown in office as it relates to china because the situation is probably more complex that he initially understood. >> shannon: you make a good point. if you are a true journalist, gushing over any president is not a good thing. i believe used the word gross. but we can agree there was a lot of gushing over the last president and everything needed on the international change -- international stage. we are focused on the north korea issue but another big one for the president while he's there in china is going to be trade. >> yeah, and what to do about china? we say we are going to have fairer deals in the business community t

in china, the u.s. and many other places policymakers have put us at the center working very closely on regulation. this is already very unusual. focusshining your prime or are you looking overseas as well? the overseas market is indeed bigger than the chinese market in terms of purchasing ability. we are making our way in china. we have deals with two local governments helping using our like urbanareas patrol. huge changes with a commercial deal and china. i expect our passenger drones to have more next year. we have a strategic partnership. a passenger drone will be a star in 2018. 52 millionived dollars in funding, are you still looking for investment or are you heavily funded? >> we will kick off a round of funding as the start mass production of our partnership -- of our passenger drones. we will also look at the large and you factoring in 2018. furthermore we have signed a deal and saudi arabia and several other european cities where we will need funding to support testing. >> putting their fleet

the challenge on china, north could row a is a danger but only a danger because of china. china has been weaponizing north korea. president trump talked about that in seoul. that's very important, that china is held accountable for sending weapons and arms and technology to the north koreans. >> laura: i hope you are right, gordon. i am concerned. mike, friend of mine today sent me an e-mail about goldman sacks. china's vern so wealth plan funds up to 5 billion in additional u.s. investments. his message was goldman is helping china take over our industrial sector a lot of money to be made with china buying up american companies, investing huge in the united states. >> there's a book about it by hank paulson when he accounts how he succeeded as representative of goldman sachs, showed the chinese how to convert state owned enterprises and pollute them in hong kong. they made billions off. this they're proud of it. >> laura: smithfield, china bought, they wanted to buy semiconductor industry in seatt seattle, they were shut down by the committee on foreign investment. they g

let's talk about china. china's large-cap index remains in the red. what some traders are seeing is it states -- state-sanctioned selloff. state sanctions selloff, where does it leave all the little people, the mom-and-pop retail investors? >> you got to look at the fact that the chinese markets had almost 20% this year. we are coming from an elevated base. sees not surprising we these tweaks taking place with the government looking to crack down on some of the excess euphoria. i do not think it is necessarily going to change very much. outlook is still reasonably positive and proving the doomsayerswrong. -- wrong. seems perception over the attitude of beijing on markets drives this up and down. which tells me, even when you go to 2015, the markets had not matured. is there anything on fundamentals to trust when it comes to this market? and of the day, nothing matters except this. steve: david, i absolutely agree with you. we do not have a country allocation specifically the china, preferring to play it through a more regional bunch of problems in our

but -- but, i don't blame china. amy: on a five-country trip to asia, president trump is now in china. after lavish welcome billed as a "state visit-plus," trump focused on the trade deficit with a country he once accused of raping the united states and called for china to sever ties with north korea. chinese president xi jinping said he is open to dialogue. >> both sides will continue to strictly and act all humans secured council resolutions. and at the same time, we are committed to continuing to solve the north korean nuclear issue through dialogue and talks. amy: then to the famine in yemen. blockading ships. >> they are exterminating the yemeni people. this.lim should be doing these are unjust operations. but it is that unexpected for those who kill children. amy: we will speak with yemeni journalist afrah nasser, facing death sites, she is in exile from human the continues to report on human rights violations, women's issues, and press freedom. she is here in the u.s. to receive international free press award

for workers displaced by china. his stake in this is much more what he can do for people back home. domestically, xi, is more focused on, china is displacing the u.s. as a local power. for xi, it is important domestically but in a different way, and he is showing that he will be standing next to donald trump as an equal, or, in some cases, perceived in china as a bigger man. of the other main driver of this conversation, tensions run north korea, perhaps the slightly toned down language pr -- we are getting to from this administration. lead -- it leaves room open for things when it comes to north korea, even though the russians aren't on board. >> it's interesting to listen to president trump. his tone was more measured. it you can tell very well -- clearly when he was, for lack of a better term, going off script. he was pointing to chinese business and -- businessman when saying, xi can encompass anything. there was hushed laughter, and he played to the crowd and said, you know what i am talking about come a buildi

china has to do you know what if china has to do something and china has to be the key to this china will decide what the outcome is and trump is is like a can buy his go yes buy be hay viewer and his words and his advisors all again all over the place the chinese know let me go to go to daniel here i think the chinese now at the end of the day they will get the deal they want because they don't like the situation in the north as well go ahead daniel that's true. well this is of ultimately a problem for china and for russia much more than the us a slightly of the scare tactics of warning us that there are nuclear missiles that are headed for a surge in baghdad cetera et cetera this is a chinese and russian problem and it has a lot more to do with trade and with regional security than when with global security but let's not forget one thing why are the north koreans pursuing a nuclear weapon why do they have one some say they may have one some say they don't despise what we may think of the north korean government it is a very rational rational response to a to an unstable part of the

in china. the internal commentary on the decision by the court in the hague is that it's a political setup job. that's the way which it's been run domestically within the chinese media, and they point to the political nature of the jurisdiction. - so what will the do now, and i think the answer is they'll go on behaving the way they have. i would be surprised if they escalate but they'll go on until they are faced with a penalty for their behavior. - [emcee] ladies and gentlemen, please welcome his excellency, the president of the people's republic of china, mr. hu jintao. (applause) - [narrator] in 2012, president hu jintao declared china's intentions to be a maritime power. current leader xi jinping has continued that policy. - ever since that, the entire chinese system has been advancing and developing their capabilities so that china can protect its maritime rights and interests. - in the most recent military strategy statement that appeared in may of last year, they made a very (mumbles) s

if you look at the china case, china has a lot of fla k the china case, china has a lot of flak from north the china case, china has a lot of flakfrom north korea the china case, china has a lot of flak from north korea for supporting un sanctions against pyongyang over the last few years. so there is a need to pivot away from that position to find an amiable solution. the truth of the matter is that entire east asian region, asean countries, a lot of countries stand to suffer. in all of the other issues like climate and trade are lost in the broader debate about north korea. and that's what the financial times points out in its editorial comment on this trip. so looking at china daily, the state—sponsored, that will be one angle on it, but the international press really focused on this key issue. interesting, though, as well, in that press conference they talked about so many other things. they did. some things i didn't expect like tackling drug addiction, for example. it goes to show the potential synergy that exist to boost relations between both countries. china and the us, lik

and that's it from china for the moment. there's absolutely no doubt that we will be back here pretty soon. in the meantime, you can catch all of the backstage fun on facebook and the bbc twitter for bbc click. thanks for watching and we'll see you soon. there has been a good deal of sunshine around today but pictures like this are going to be few and far between in the week ahead. the sunshine many of us have enjoyed todayis sunshine many of us have enjoyed today is about to be replaced by something cloudier, milder and wetter. the weather over the coming week will be coming in off the atlantic. the next frontal system. in ahead of it, clear skies this evening in the eastern side of the country, with an early frost. the cloud will build. rain in northern england, northern ireland and scotland, with snow of the mountains. it will be quite cold across northern ireland and scotland. much milder further south, particularly compared to recent mornings. quite wet start of the day across much of northern england, northern ireland

taiwan for example or china stance in the south china sea but i think the most important thing for china is to make this visit as pleasant as possible for trump so there would be no conflicts and the u.s. would not partly pushing with their own it's him and his we saw in that report you know donald trump and she isn't paying these are cute very different men different styles of leadership yet donald trump saying that they have forged a friendship how well do they get along. but she didn't ping is very good at telling audiences what they want to hear and that's a strategy that works especially well with donald trump so creating a friendly friendly atmosphere with donald trump is not too complicated they have selected him and both men also share something in common and that's a taste for power and and strongmen politics and that's probably where they can get a. good of these mathias bellinger following a donald trump's a visit to china thank you very much thank you. now to some other stories making news around the world the u.s. democrats have won to several high profile victories in state

people look china to china. is more interested in trade in making money and that is very attractive and i may be wrong but i don't see china trying to export its values in its institutions they're saying we want to make money you want to make money with us i would like to see the president of the united states make this a make the same message and take that to the do is asian interlocutors i don't see it happening go ahead michael well i think that you've covered a lot of area there in just in your comments that china china does indeed spread its own gospel if you will when it goes into asia goes into africa goes into latin america it's trying to assert its own influence in those regions what's in that what the united states is attempting to do and it's been doing for since the end of world war two is to keep. japan from rearming number one and south korea and japan from developing nuclear weapons when i was at the pentagon we worked very hard to keep south korea from developing its own nuclear weapons program a

china's unique culture compels china to seek a place on the world stage. the kissinger institute focused on this aspect of xi's thinking for quite sometime in our work, which is why i'm plugging it. we've rooted our analysis on a better understanding how china sees itself, xi sees it and history and how it translate to policy. under editorial stewardship of my colleague, who is somewhere around here, i don't know where she is, kissinger institute a web a platform, a curated, soft power under leadership of xi. the purpose is to help measures understand the connections between xi's interpretation of history and culture and the policies he's pursuing. we believe this platform is important important than ever because of the overwhelming emphasis on culture and civilization in the work report he mentioned 121 times. that's why we took time today. we'll introduce you later. first our speakers what this new xi era means, we have ambassador roy, founding development of emerit emeritus, kissinger, all over asia, ambassador posts, singapore, indonesia and china. rob

i don't blame china. as if china and the u.s. were allies like europe and the us tonight a u.s. president blinded by the minute i'm going off in berlin this is the day. forty five years ago u.s. president richard nixon visited china. it was the week that changed the world. we agreed not to replicate failed approaches of the past and there were many. we have benefited out to countries and indeed change the world. who can blame a country for being able to take advantage of another country. for the benefit of its citizens i give china great credit for that we will definitely write a new chapter in u.s. chinese relations. also coming up for twenty eight years the berlin wall divided this city today twenty eight years ago it divided no more how time flaw that's coming up in about ten minutes. we begin the day in a significant shift from china raping the american economy to china toasting the american president just over a year ago candidate donald trump attacked chinese trade policy and he vowed to teach beijing a lesson on free and fair trade we can't continue to allow china to rape

according to china's roadmap for opening up, china has announced a number of steps to promote market access. this speaks volumes of the broad space for further economic and trade cooperation between the two countries which would deliver great benefit to the people. we agreed to expand, and exchange dialogue between our two militaries at various levels, realized that a visit by us secretary of defense to china and a senior high-level chinese military delegation to the us and work to ensure the success of the first joint staff dialogue mechanism and the disaster management joint exercise and academic exchanges. we agreed to expand law enforcement and cyber security cooperation. the two sides reaffirmed that neither wants to become a safe haven for each other's fugitives and we will instruct confident authorities of the two countries to actively explore a long-term cooperation mechanism regarding fugitive recovery and repatriation of illegal immigrants. the two sides will continue the implementation of the five-point consensus reached in 2015 to enhance cyber security cooperations inclu

china is as important for the u.s. as the u.s. to china but it has been changing. we saw the exports and import numbers am a exports are up 7.5% but imports are moral -- more important. china is rebalancing from being export oriented into a more domesticon-based economy. you can see it in the numbers. from that perspective global trade to them is still very important, it is still the cornerstone of the economy. it is going forward and it is much more about financial reform and cleaner environments, exchanging and that will have an impact on this relationship. in the negotiations we will see in the next few days. toa: when you are looking develop a strategy around chinese assets and tapping into the rise of the middle class and the consumer society in china, how do you set about doing that constraints the chinese have put on themselves around the environment on -- and deleveraging the financial services sector, so what is the best way to play this? olaf: we are looking at financials, we are overweight in some of the banking positions. we do have an asset manager in

china is a member of a refugee convention. as a big country, the chinese government has an obligation to observe its international obligation, by lifting north korean defectors to go into china. the personaling, cult, the personal culture in north korea. it is really surprising. in north korea, when you reach the age of four or five, from the age of kindergarten, you are brainwashed. every morning, the young children of three or four years in supposed about -- to bow front of the portrait of kim jong-un, kim jong-il, and kim il-sung. they have to stand up and express their thanks before drinking milk. when there are apples, that apples are distributed to the population as a gift of kim jong-un. the kim jong-un regime established a full scale brainwashing system, depicting kim jong-un as a god. we should try to concentrate our efforts to educate the north korean people, that kim jong-un is not a god. he is just a normal human being. and his family is not the family of the gods. we should continue to tell the shouldorean people,

with china's. the label as a communist 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 to the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill 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 woodworkers you will find quite surprisingly. over the past five to seven years they have experienced. greater increase there in the social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and servic

whether china would welcome donald trump, who has 10 a big critic of china's moves in the south china sea and the reclamation products, whether they would welcome him as an arbitrator is yet to be seen. one thing we heard from the vietnamese side -- we did not hear from them. they declined to comment when asked about donald trump's offer to be mediator, but the philippines foreign secretary had this to say about donald trump as a possible arbitrator. >> your last question about president trump's offer to forate come we thank him it. it is a kind, generous offer, because he is a good mediator. he is the master of the art of the deal. so far not a lot of meat on the bones at the beginning of the asean summit, a lot of singing and dancing, and yesterday president rodrigo duterte at the request of donald j. trump saying his favorite song about a woman's love for a man, so there you have it. haidi: very romantic. trade also at the top of their busy agenda. is a self-styled dealmaker, but i'm wondering how he fares and this multilateral framework. he wants bilateral agreements that favor th

bank of china. share slumping the most in four months after the vendor failed to report improvements we have seen with other banks reporting and turned love asset quality. -- in terms of asset quality. it is actually underperforming major rivals, losing 3%. it is pairing that rally to 12%. this is what we have at the moment. a jump in impairment losses responsible for the selloff. ,aidi: looking at tencent rising 95% since the end of last year. e-book ipothe ipo of set to raise $1.1 billion. it is the online reading unit of tencent. it is like amazon's kindle store. ipo pricing of 55 hong kong dollars apiece, a market cap 06 $.4 billion. shares a set to trade on november 8 according to the prospectus. we will be looking ahead at this story and what it means for tencent and whether the stock has more to run. plenty more ahead. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual ch

is he talking about china there? >> china and russia. he said he sees china trying very hard to involve the problem and he hopes he see that is from russia as well. he's throwing more shade on russia than china. we're told president trump will meet with vladimir putin. we talked to asia officials they say the same thing chlg the progress china has made is significant but not sufficient. >> why can't china shut this down? >> can't or won't. >> why can't or won't china shut this down. does having a be-- >> the most common answer is that china would rather see a nuclear korea than chaos on its border that if north korean regime going down you're talking about a unified korea. that's the most popular analysis. my analysis is a little bit different. nine is that china's been actively supporting the north korean nuclear program for decades. if you look at what they're doing, the science technology, equipment, the machinery, everything, almost all testify either came from the chinese or came from china under the nose of the chinese government.