of this is asia. with us emerging market stocks ended a 6 day winning streak today on dismal data from china its economy grew at its slowest pace in nearly 3 decades and the quarter weak demand at home and abroad is hitting production the trade war with the u.s. doesn t help either. leap from the steelworks of rouhani to the container ports of guangdong and to shanghai as luxury shopping malls growth in the world s 2nd largest economy is losing its gloss china s g.d.p. grew by 6 percent in the 3 months to the end of september the weakest growth since china started reporting data by quarters in 1903 officials warn of an increasingly challenging environment yes and you do the economy maintained overall stability in the 1st 3 quarters however we must know that given the complicated and severe
accommodating themselves to this new reality? absolutely. look, asian countries have been more fearful of china than anyone else and felt that long before trump was e lektselected office and launched this trade war and activities. every country in the region has an outstanding border dispute with china or legacy sort of tension with them or even very recent instances of an altercation in the maritime domain. all of china s neighbors are quite suspicious of it, but they share this geography, they share this asian mega region. they want to find ways to accommodate their largest trading partner and what is interesting and i don t think it s reported enough so i m glad we re able to talk about it now, china is learning to accommodate them. it s not just that they get bullied and step back and accept
the systrelationship for decade. and indeed, the e.u. in the only has a free trade agreement that it signed earlier this year with japan, it wants to have a similar agreement with the asian countries of southeast asia and one with india and companies are getting into the chinese market more heavily to substitute for american rivals like boeing. so the situation that will unfold is that the european asian trade relationship is really going to strengthen. it s $1.6 trillion today that could easily grow to $2 trillion, $2.5 trillion per year while america s trade with europe and america s trade with asia will stagnate or decline. so what you re describing is a world in asia that is moving forward and the united states to a certain extent is being left behind. i mean, the most visible symbol of this is probably the u.s. opting out of the chance pacitr
what china wants. you can see china learning it has to accommodate neighbors if it wants to succeed. i think that the asia we re heading towards is not one unilaterally dominated by china but one in which a, the united states should still be there playing a very important role as a security guarantee but also one that really restores what asian history has been, fareed, multipol multipolar. you have deep, rich civilizations that are confident the way india is becoming, the way japan still is, even the southeast asian countries rising up and speaking for themselves and that will be a stable asia in the long run. fascinating view from asia. always a pleasure. thank you so much, fareed. next on gps tensions are rising between the u.s. and china in another way when we come back, find out why the u.s. and china are facing off over science. the first survivor of alzheimer s disease
partnership. we can do a before and after comparison. the united states is clearly no longer heading security order in asia such as we knew during the cold war. so we have to really look at the individual relationships that asian countries have with the u.s. one by one. japan of course remains an american ally but look at south corey, korea, they are moving forward with belton road initiative, collaboration with china to enhance the industrial exports. australia has just announced it does not want to see american missiles stationed at darwin. so we really have to look one by one to see where american geopolitical leverage or points of influence will remain in the years ahead. and do they worry? do asian countries worry about the rise of china or are they