qualified engineers than europe and america taken together. and they work harder. so who is going to win this long term? so the right strategy is to actually negotiate with china, do deals with china. so whilst we still have something to bargain for, we get a better deal with china may be for china to produce some of its factories in europe and the us. produce some of its factories in europe and the us. which is fair enou~h, europe and the us. which is fair enough. but europe and the us. which is fair enough. but i europe and the us. which is fair enough, but i wonder, - europe and the us. which is fair enough, but i wonder, do - europe and the us. which is fair enough, but i wonder, do you . europe and the us. which is fair. enough, but i wonder, do you think is some do that there is a risk, a real risk that the chinese could take the compound semiconductor technology and use it for military purposes? technology and use it for military reuroses? , , ., ., purposes? yes, there is
shanghai? in shanghai president lula da silva attended shanghai? in shanghai president lula da silva attended the - lula da silva attended the inauguration of his protege and former brazilian president as head of the new development bank. that s an international bank. that s an international bank established by a group of emerging countries including countries like brazil, china and others. his speech really focused on how the institution gives emerging countries around the world an alternative to traditional international banking institutions like the imf. he also proposed moving away from the us dollar in international economic transactions. other than that he was at innovation centre of the chinese tech giant huawei, considered a security risk by the united states, and facing export restrictions from the white house. all of this is being interpreted in brazil and media are signalling at least a slight realignment of brazilian foreign policy away from the
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