for more, wendy cutler vice president of the asia society policy institute and former us diplomatjoins us now. trade relations like other parts of the us relationship with china are tense. while a lark of trade still continues to flow between the two countries tariffs remain in place export restrictions remain in place and try never increasingly is imposing regulations making it very tough for us companies to operate in their country. interesting though because economic ties still happen where discussions with geopolitical issues and onto the defensive front just shut down so we just now have bill gates and elon musk visiting china she would feel more positive about the economic side of the relationship was not clearly beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part. of the relationship versus the military part- military part. one thing i will be looking military part. one thing i will be looking out
and she explained how she viewed relations between the two countries well, trade relations, like other parts of the us relationship with china are tense. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? well, clearly beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, and one of the things i will be looking at over the next day now is whether there is a pathway for the secretaries on the economic team for president biden to visit beijing in the coming weeks are coming months. so
between the two countries. well, trade relations, like other parts of the us relationship with china are tens. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it’s operate in their country. it s interesting. operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? the economic side of their relationship? well, clearly bei ina relationship? well, clearly beijing seems relationship? well, clearly beijing seems more - relationship? well, clearly - beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, and o
on the cost of borrowing. it s theirfirst meeting since president erdogan won a new term in a recent election runoff. the turkish lira is currently on its longest losing streak in over two decades. also due this week us fed chairjerome powell will deliver the second of his twice yearly reports to congress on monetary policy. analysts are hopeful they ll get more clarity on what the fed intends to do next. there have been growing concerns that monetary tightening is pushing the global economy into a recession. earlier, i spoke with steve cochrane of moody s analytics and he told me if we were seeing signs of that. well, the risk towards global recession are definitely high is not the rate of growth around the world is slow, particularly in europe and north america, well below potential. so any kind of shocked could hit the economy and one of the shocks could be a couple of surprise industry hikes. could push the economy over into a recession.
re election bid with a pitch to union members in the working class city of philadelphia over the weekend. mr biden has been seen as the most pro union president in history. and the bloc is a key part of his electoral campaign. this also marked mr biden s first political rally since he announced his bid in april. this week is shaping up to be an important one and we re keeping a close eye on thursday. that s when it s decision time in ankara the central bank of turkey will announce its latest decision on the cost of borrowing. it s theirfirst meeting since president erdogan won a new term in a recent election runoff. the turkish lira is currently on its longest losing streak in over two decades. also due this week us fed chairjerome powell will deliver the second of his twice yearly reports to congress on monetary policy. analysts are hopeful they ll get more clarity on what the fed intends to do next. there have been growing concerns that monetary