The worlds secondlargest economy. President xi jinping is working to extend that economic power well beyond his countrys borders. Xis vision is called one belt, one road. He wants to create a modernday silk road, improving roads and ports to form a gigantic economic bloc stretching all the way to africa and europe. One country is set to play a particularly Important Role in this initiative. That country is myanmar, led by state councilor Aung San Suu Kyi. A key part of xis plan is this route linking Southern China with Myanmars Rakhine state. Completion of this route would link china to the indian ocean without passing through the malacca straits, a development that would have significant strategic and economic benefits for china. In 2010, work began on construction of two pipelines along the new route. One for natural gas was completed in 2013. The other for crude oil was completed the following year. They pump these fuels 770 kilometers from the indian ocean to the chinese border. Th
O appellate body may fall into disfunction even next month should be here the urgency of the given field would form needed to be undertaken immediately the w t o has come under fire from groups across the political spectrum for decades but just what exactly is the role of the organisation and how do they affect trade across nations lori wallach of Public Citizens global trade watch joins the show to bring us up to speed on the moves of the mysterious giant we have this and so much more today so lets dive right in. There are effectively 13 days left for china and the u. S. To nail down the details of a phase one deal in order to avoid yet another escalation in the trade war that has already cost consumers and Companies Millions of dollars in lost productivity u. S. President donald trump has threatened another wave of terrorist by december 15th that will hit for the 1st time the supply chain of the consumer goods if a resolution is not met while merely a few weeks ago we had messaging o
A position that both sides want to pin all of their trade hopes on was certainly for the u. S. I think hong kong was a very important card to play and it was a way for trying to exert maximum leverage either sign phase one of the deal or i will sign off on the legislation that obviously has not worked and in fact backfired on china because china is clearly trying to separate the 2 issues one saying this is a political move and were talking trade these are 2 separate issues and we should try to keep them separate and so thats why they sanction the u. S. Vessels which clearly doesnt really have any effect at all whether no effect on trade no effect on Economic Activities the u. S. Ports and vessels can clearly dock anywhere else in the philippines singapore australia anywhere else so really has no effect is more so a reputational thing so no going back to phase one of this trade deal where we seem to be looking like were further away from it what happens to businesses and consumers if ph
Separatist activities and thereby undermining chinas National Sovereignty and security kristie i actually have a couple questions for you on this it seems like were hitting a new Tipping Point in this trade war and that Tipping Point is hong kong and we talked about the importance of this legislation but is this really a position that both sides want to pin all of their trade hopes on was certainly for the u. S. I think hong kong was a very important card to play and it was a way for trying to exert maximum leverage either sign phase one of the deal or i will sign off on the legislation that obviously has not worked and in fact backfired on china because china is clearly trying to separate the 2 issues one saying this is a political move and were talking trade these are 2 separate issues and we should try to keep them separate and so thats why they sanction the u. S. Vessels which clearly doesnt really have any effect at all whether no effect on trade no effect on Economic Activities t
A new Tipping Point in this trade war and that Tipping Point is hong kong and we talked about the importance of this legislation but is this really a position that both sides want to pin all of their trade hopes on was certainly for the u. S. I think hong kong was a very important card to play and it was a way for trying to exert maximum leverage either sign phase one of the deal or i will sign off on the legislation that obviously has not worked and in fact backfired on china because china is clearly trying to separate the 2 issues one saying this is a political move and were talking trade these are 2 separate issues and we should try to keep them separate and so thats why they sanction the u. S. Vessels which clearly doesnt really have any effect at all whether no effect on trade no effect on Economic Activities the u. S. Ports and vessels can just clearly dock anywhere else in the philippines singapore australia anywhere else so really has no effect is more so a reputational thing s