Xi and Pence Trade Barbs at APEC Summit

Nov.18 -- Fears are rising of an economic cold war possibly dividing Asia. This comes after the APEC Summit in Papua New Guinea ended on Sunday in disarray. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Asia."

[zmike]

Xi did not mention US at all，he was very much talking about how to cooperate and contribute. and it is audience choice to believe it or not.

[azure]

No worries China, US is having cold war with everyone, even with her own Allies, and everyone moving up the economic ladder, it is not your fault. It's inevitable. No matter what you do, so just keep up your own pace!!!

[bingkuxyavong]

The U.S should leave Asia and everyone within ASEAN would rather stick with our regional neighbors near home. The U.S is actually causing political, economic and social war within ASEAN community and with our neighbors.

[CCMphilip]

Unfortunately, the US is already drown by its own enormous debts... She also imposed trade tariffs on its 'traditional' allies. Holding back international aids.
And progressively withdrawing from global signed treaties (Paris climate agreement, arms nuclear treaty with Russia, NAFTA treaty, universal postal union...etc.)

I am curious on what capacity and credibility would the US be able to call on developing countries to depend on the US moving them out of poverty.. Both capacity and credibility seems questionable.. There is also no US' substitute for the Chinese's Belt & Road Initiative.. only criticisms. Maybe it's time for the US to do something concrete.. and I'm sure she can.

[netsurfer]

The world should get united against the US bully!

[livefreeordie]

Can anyone in the US tell me you really think the Trump administration offers a better option for Belt&Road? What's that called? Wars and sanctions? Option? what's your option for our "sh!!thole countries"!!! let's hear it

[aleaiactaest]

Why doesnt the US start its own "One Belt One Road" project? They sure need to upgrade their infrastructure. This going after China is total distraction...

[tanggo]

Pence's words carry no weight. Ignore

[ramlee]

Host and Xi already standing in the middle and together. The picture sum it all

[JSLeow]

Great Asia said:

The US government debt is US$21, 745, 000, 000, 000 now. China and Japan are holding US$1, 200, 000, 000, 000 each. They don't have the appetite to buy more US treasury bonds; in fact, all the rich countries across the world won't be able to buy much more. In the future, the US government can only borrow from the children and grandchildren of the Americans. So, how long can the US continue to use debt to sustain its economic growth?

Moreover, China is the world's largest trading economy with more than 130 countries count China as their largest trade partner. China total global trade volume is slightly above US$4 trillion (only about 30% of its GDP), and trade with the US is only US$500bn of the US$4 trillion. Trump's 25% tariff on Chinese goods will make China feel uncomfortable but not painful. Sadly, the 25% tariff will be absorbed by the American consumers and importers. Where to find US$500bn alternate sources in such a short period of time? Searching for alternate sources will involve money, time and risk.

I have said many times, the US economy is a bubble economy that is being sustained by debts, even the mighty US armies are being sustained by huge debt. Because the war industry is also an important growth engine of the US bubble economy.

Stupid Trump and his incompetent team will have NO CHOICE but to hold back the tariff on the next US$250bn Chinese goods because this US$250bn are consumer goods. It will hit the American consumers directly and cause the inflation rate to rise. It will result in the Fed raising the interest rate. Raising the interest rate will burst the highly inflated US economy and stock bubbles. Implementing the tariff on the final US$250bn of Chinese goods is tantamount to detonating a nuclear bomb in the US economy.

[siyuanlee]

Clearly, China is no intention to against anyone, we are just a developing country and have many people live in poverty, we want cooperation to make more people out of poverty.

[harrymotter]

Free america!!!Return america to indigenous americans!!!

[JMOpinion]

Nice to see a leader who stands up for America !!

[JOSEPHWONGAU]

Will US fund projects in the Pacific free of charge?

[endlessfreedomful]

0:35, look how Pence waved hand, he's actual an robot

[Ottovonostbahnhof]

“we don’t drown our partners in sea of THE biggest debtor in world, to its biggest creditor when the creditor refuse to keep offering credit for larger military budget that mostly turn into explosions in other countries.

[thejeffinvade]

US government simply doesn't have the money to compete. China's belt and road initiative is a 1 trillion dollar commitment, US is only offering 60 billion, do the math.

[zunwang]

US Marines banging on the door "Open the door, we are friendly US troops delivering democracy to your country!" (nobody answers the door) "Damn it! Demolition squad gets ready!"

[naifchen]

Pence, Us will be a partner? Rather than America first? Lol

[markbr]

Pence spoke the truth. It was blunt and direct but it is the truth