How much commitment is there . We have china announcing a net zero target. We have japan leading in hydro. Can asia lead the way in clean energy . Yeobee yin i am very optimistic about this because of the size of the market. I think with china, making that type of commitment, it helps for countries to make the same type of commitment. I agree with president jin. I think china can reach the goal because of the market. Aen you have the market and government that says you have to reach this, what will happen is innovation. As we innovate, the price will go down. I am very optimistic. There is one thing i think how do you open up to make it competitive to drive Competition Among prices . We are quite regulated. Can we make it more deregulated . To make this a competitive market, that is when you drive innovation. Some of the things policymakers in asia should think about, how in oururther liberalize own way to drive innovation . I am very optimistic. On this very important issue of the fin
Colleges are told to offload holdings of mainland companies. Australia signs a deal to make any covid19 vaccine for all. The government will distribute should it prove successful. More vaccine optimism playing out in australia. Lets look at how we are shaping up in terms of the u. S. Future session. Another renewed push of momentum in u. S. Markets overnight, hitting the record, propelled again by the same names. Also betterthanexpected u. S. Housing data. 2016 helping out sentiment, as well. We have positivity when it comes to the active futures trading at the moment. The nikkei 225 trading in chicago, looking flat at the moment ahead of a trade balance numbers, as well as machinery orders. We do have the topix, best performer in terms of Global Markets so far in this month of august. We are looking at broad weakness when it comes to the u. S. Dollar. The dollar sinking to his lowest levels since may of 2018. Im worried about the u. S. Economy with yet no relief package, stimulus pack
Story an explanation of why and rejection is so reviled and all of this is coming up right here but were going to give. With a bold declaration by china that seems to imply that its simply had enough with quote us stretch to interfere and will now move forward to the dollar rise and strike back against the United States by creating a global currency to compete with the u. S. Dollar china has long considered joining russia and fighting back against u. S. Control of the worlds ability to trade or transfer goods without u. S. Interference or say so but now china is announcing that its actually preparing to be cut off from the u. S. Financial system. And theyre taking what appears to be real steps to protect itself. Why or maybe the better question is why now ok the reason is that while the United States has been heavy handed in the past it has never according to china and chinese experts and officials gone so far as to weaponize the u. S. Dollar the way that the trumpet administration is
The committee on Foreign Affairs will come to order. The chair is authorized to declare a recess at any point and all members will have five days to submit statements, materials and questions for the record subject to the length, limitations in the rules. To insert something in the record please have your staff email the previously mentioned address or contact of the full committee staff. I see that we have a quorum and before i go forward i understand the speaker of the house, miss pelosi, will be stopping by this hearing and i ask unanimous consent she participate in any point she arrives during the hearing. So ordered. There she is. Madame speaker, would you like to make some remarks . Thank you very much, mr. Chairman. I thank you and mr. Mccaul, mr. Eliot engel for having this hearing today. It is with Great Sadness that i come here because we had such optimism and such hope. The u. S. Congress has always spoken in a bipartisan house and senate, democrats and republicans, with one
Gains in the region today. The csi 300 has been up 6 in the past five days, the biggest months. N four margin traders have returned and the stock rally is kicking off. The hang seng up 133 points. We are seeing the dollar slightly weaker, but marginal. We are watching the aussie, in t he red here now. They are all over the place. Aussie, j. P. Morgan saying expect low 60s. It is difficult to model the recovery we are seeing. Number more positive. We are watching oil, coming off of a four month high and likely to end the month in the green. Gold with four weeks of gains. Tom the u. S. Senate has given final approval to legislation that would impose sanctions on chinese officials, cracking down on dissent in hong kong. Page in his warning a strong countermeasures if the u. K. Act in response to the National Security law. Warning a strong countermeasure if the u. K. , australia and the u. S. Active response to the National Security law. In the measures appropriate the senate at this point