Geostrategic challenge with the rise of china poses for the United States, not just today but in the future. The communist party led people were public of china through unfair trade practices, intellectual property theft, market manipulation and very prominently, in my view, nonreciprocal treatment, not just in the economic round but in many realms i has been a fore in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds fastestgrowing economies averaging close to 10 growth from 19792015. In 2014 china overtook the United States ass the Worlds Largest economy purchasing power parity basis according to the International Monetary fund. I believe that there is a strong eipartisan interest hopefully we will see that today in establishing a longterm economic United States strategy with our allies that focuses on reciprocity, intellectual property theft, and ultimately, from the United States perspective out competing the chines
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
For our nation and world. Help them to realize that the power of your providence will enable them to navigate through every challenge and tragedy. Trusting in your might, may they embrace your promise to do more for them than they can ask or imagine. Lord, inspite of difficulties, disappointments, as despair, reassure them that you are still in control. Remind us all that in everything, you are working for the good of those who love you who are the called according to your purposes. We pray in your loving name. Amen. The president pro tempore please join me in the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one e nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president . The presiding officer the senator from iowa is recognized. Mr. Grassley i ask permission to speak for one minute in morning business. The presiding officer without objection. Mr. Grassley
Cspan radio app. Next, a conversation on the u. S. China relationship during the coronavirus pandemic. Well hear from former Trump Administration National Security advisor hr mack master. Mcmaster. This event forum hosted by the Hoover Institute was held by video conference. For more than a century our mission has been dedicated to generating policy ideas that promote individual, economic and political freedom, private enterprise and representative government. Today we bring you our newest online virtual series entitled hoover capitol conversations. This series will bring Hoover Institution fellows together with policymakers for indepth informed discussions examining some of the major policy challenges facing the United States and the world. By bringing together the players in policy development and policy execution, we hope to pull back the curtain on some of the discussions that happen behind closed doors traditionally. I hope you enjoy this fireside chat between those who generate t
Opecs cuts may be draining the glut. The bank of japan prepares for unscheduled talks as the coronavirus keeps extra pressure on the economy. Help for Small Business tops the agenda. Downside are seeing a start to trading on this final friday session of the week. Overwhelmingly, the concern over these escalating tensions between washington and beijing, and now also, beijings expected move to impose the National Security law on hong kong and we are watching, in particular, the start of mainland trading as well as hong kong trading and trading in the hong kong dollar but in the meantime, we are seeing a downside view when it comes to nikkei futures as well as kospi. Sydney futures looking to extend losses of. 4 in the previous session although we could expect to see some modest gains when it comes to the Energy Sector given the gains and that story when it comes to the continued rally in oil prices. We are also watching trading in new zealand. We had retail Sales Numbers out in the last