high from china down. i think managing expectations and i think the industry expects that the second half of the year you expect more travel from china. half of the year you expect more travel from china. how important our chinese tourists travel from china. how important our chinese tourists to travel from china. how important our chinese tourists to the travel from china. how important our chinese tourists to the global- chinese tourists to the global travel industry and sort of the economics of travel, if you will? the economics of trouble, absolutely. it s notjust about the numbers, the business growth. they drive employment numbers business success and that kind of things. in southeast asia round about 22.5% of all businesses in south were from china. so the number one in the pacific. there is a sense that such pent up demand after three years of the chinese have been travelling, it may be in the future they will want to try new destinations they haven t been to before. t
structural issue. but it s competition, i wouldn t call it cold war or even a crisis. zanny, what the biden administration is trying to do, it is exactly what ian said, which is to high mark certain pieces of the global economy and say these are areas where we wonder kind of isolate the chinese. even in the chip industry, most chips can trade freely on a globalized market. it s these top-end chips that they re trying to will that work or will this spill over into a more general economic conflict between the united states and china the two chargest economies in the world? so i think the jury is still out. i think you related very well what the u.s. is trying to do, which is to have a sort of surgical decoupling of certain areas to slow china down,
zanny, what the biden administration is trying to do, it is exactly what ian said, which is to hive off some certain pieces of the global economy and say these are areas where we wonder kind of isolate the chinese. even in the chip industry, most chips can trade freely on a globalized market. it s these top-end chips that they re trying to will that work or will this spill over into a more general economic conflict between the united states and china the two largest economies in the world? so i think the jury is still out. i think you related very well what the u.s. is trying to do, which is to have a sort of surgical decoupling of certain areas to slow china down, particularly in these high tech areas. it s worth pointing out, that s only one part of the broader u.s. economic geoeconomic strategy. the other part is a huge industrial policy at home. one of the other big things we ve seen is the enormous amount of money the u.s. has
that s very tame like the one china policy is still in force that may calm china down. if she says something of concern to taiwan s future, which i hope she does. that demands a chinese sponsor they will look like what they used to call us, sandra. they used to call us a paper tiger. china will look like a paper tiger if it doesn t do anything. sandra: she is expected to land in the next 30 minutes or so. real quick i want to put up on the screen, because we have now received this official video coming into us of taiwan s tallest building. the most iconic landmark. taiwan 101 welcoming the speaker s visit to taiwan. quick reaction, michael. the important thing is taiwan wants to be recognized as a country and want this to be an official visit and want to put up their flag and say we are the republic of china on taiwan. american executive branch policy has been to deny taiwan