this is gps , the global public square. welcome to you all of you in the united states and around the world. i m fareed zakaria coming to you from new york. we ll begin today s program with monday s powerful earthquake. the devastation and destruction it has caused and the politicians that are now at play. also, the china balloon cry is, what is the fallout? i ll talk about all of that and more with david milibrand and richard haas. also, who is really fighting on the front lines for russia in ukraine? we will introduce you to the shadowy group whose mercenaries are a big part of the russia war effort. everything you need to know about the wagner group. and kim jong-un s hermit kingdom launched over 90 missiles last year. including an astonishing 23 in one single day. an expert will tell you why america s lack of attention to north korea s growing nuclear threat is a clear danger. but first, here is my take. in a state of the union address, president biden alluded to the
that is despite us china trade hitting a record high last year and with president xi increasing his power this expert what s wrong what s wrong tells us what this means. when will the rivalry have the consequences for the rest of us? we ll hear from the former head of the monetary fund s china division. the man behind brands such as intercontinental, holiday inn and crowne plaza tells us by a big expansion is not stopping him sleeping despite the delicate state of the global economy. welcome to talking business weekly. the us and china are the world s two biggest economies and for decades they have helped to power the global economy meaning that when they do well so does the rest of the world, but there is a growing amount of hostility between them whether it is spy balloons, differences over the war in ukraine, taiwan or coronavirus, those tensions are not always directly related to trade but they re having a growing impact on business deals. today the first shipment of some
to china now where us treasury secretary janet yellen continues her multi day trip and has expressed concern about what she called china s unfair trade practices . speaking in beijing, at the start of a four day visit, she called for healthy economic competition and criticized china s recent export restrictions on key minerals. china s premier said the us should meet china halfway and work to put bilateral relations back on track. despite tensions, the world s two largest economies did a record $690 billion in trade last year. here is some of what ms yellen had to say. the us seeks healthy economic competition with china but healthy economic competition were both sides benefits is only sustainable if that competition is fair. 0ur asia correspondent rupert wingfield hayes gave us his analysis of what ms yellen had to say. she talked about punitive
speaking in beijing at the start of a four day visit, she called for healthy economic competition and criticised china s recent export restrictions on key minerals. china s premier said the us should meet china halfway and work to put bilateral relations back on track. despite tensions, the world s two largest economies did a record $690 billion in trade last year. the days of talks included a roundtable focusing of climate finance earlier today. this morning she said it is critical for washington and beijing to keep working together on climate finance, let s listen to what she had to say. iam engaging i am engaging this critical time because there are disagreements between our nations. president biden and i believe it then the best interests of our peoples to put our relationship on a better track and to maintain open and