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Secretary of state antony blinken visited beijing a few weeks ago — meeting with china's president xi. let's now bring in professor eric how it's from the university of hawaii and eric's work focuses on china's economy. thank you so much for joining us on the programme. i guess secretary yellen is seen as friendlier to beijing compared to mr blunn can. do you think she can achieve more than their secretary of state? think that janet yellen�*s portfolio is more amenable to the kind of issues that china is interested in resolving between the two countries. the us and china had record trade, ...

Basically, before things deteriorate further but i think generally we shouldn't expect too much from this visit. there are too many issues to deal with for the single visit. yes. deal with for the single visit. yes, and much as _ deal with for the single visit. yes, and much as these _ deal with for the single visit. yes, and much as these two _ deal with for the single visit. yes, and much as these two countries don't see item y, they are still intrinsically linked. trade between the two hit record levels last year and despite all the politicians in the rhetoric about them not getting on, ult...

Of trade, $690 billion. there is a lot for us to gain. but we have to protect ourselves and we certainly can't look weak to your point but we also have to be wise about how we engage. >> julie: in any business negotiation you have to come in with a position of strength and we don't have that right now. as far as negotiating power or leverage we have none. there is an influential chinese trade policy advisor who told a chinese newspaper the restrictions were a well thought out heavy punch and just a start. he added if restrictions targeting china's hi-technology center continue counter measures...

It is one of the leading organisations trying to smooth business ties between the two superpowers however, the latest survey found that for the first time, china is no longer a top three investment per priority for the members of most members thinking again about where to spend their cash. and a growing number, almost half, think china has become less welcoming to foreign companies over the last year. despite that sense of pessimism about the future, us china trade had a record high of $690 billion even amid the ongoing impact of the covid pandemic and lurking in the background, the tariffs or...

Differences over the war in ukraine, taiwan or coronavirus, those tensions are not always directly related to trade but they're having a growing impact on business deals. today the first shipment of some 480,000 bottles and cans of coke was loaded aboard a special train here in hong kong heading for china. trade and business have been at the heart of the us—china relationship since the end of the 1970s when the likes of coca—cola and ibm became some of the first foreign companies to take advantage of china opening its economy up to the rest of the world. now, many of the world's biggest co...