Peter Lewis joins US out of Hong Kong.

Peter Lewis joins US out of Hong Kong.

Hello Peter, Hello Andrew. Right.

Hello Peter, Hello Andrew. Right.

We've got the EU and China talking about trade right now, and we've got a very interesting mediator.

We've got the EU and China talking about trade right now, and we've got a very interesting mediator.

Yes, Italian Prime Minister Georgia Maloney. She's been in Beijing for four days. She met with President Hu Jinping. And as you know, relations between China and the EU are not great other moments. The EU is very concerned about the rather large trade deficits it runs with China, and it's concerned about particularly electric vehicles that it says are being dumped on the European market at below cost, partly because of all the subsidies these companies get from the Chinese governments.

Yes, Italian Prime Minister Georgia Maloney. She's been in Beijing for four days. She met with President Hu Jinping. And as you know, relations between China and the EU are not great other moments. The EU is very concerned about the rather large trade deficits it runs with China, and it's concerned about particularly electric vehicles that it says are being dumped on the European market at below cost, partly because of all the subsidies these companies get from the Chinese governments.

So tensions are a bit frayed.

So tensions are a bit frayed.

There's been investigations by the EU into China, retaliatory investigations by China and for things like wine and cheese and so on. But this Maloney says that she could be a mediator in all of this and she can help mend relationships between the EU and China. Well, I don't know how much China is going to see. Miss Maloney is as a neutral interlocerateur in this because she doesn't have a great track record in terms of being friendly to China. She pulled Italy out of the Belton Rote initiative. You remember, Italy was the only G seven country to join the big infrastructure projects that president she set up the Belton Vote initiative. She said that was a big mistake, it was a waste of time, it brought no benefits to Italy. When she became Prime Minister, she pulled Italy out of that. She had also has been one of these supporters putting tariffs on Chinese companies, particularly ev makers. And then if you go back even further back in two thousand and eight, she was actually a junior minister in Sylvia Bernasconi's government and at the time of the Beijing Olympics, she urged the boycott of the Olympics. So a China's human rights record. So I don't know how much China is going to see her as being someone that that's that reliable when it comes to mediation.

There's been investigations by the EU into China, retaliatory investigations by China and for things like wine and cheese and so on. But this Maloney says that she could be a mediator in all of this and she can help mend relationships between the EU and China. Well, I don't know how much China is going to see. Miss Maloney is as a neutral interlocerateur in this because she doesn't have a great track record in terms of being friendly to China. She pulled Italy out of the Belton Rote initiative. You remember, Italy was the only G seven country to join the big infrastructure projects that president she set up the Belton Vote initiative. She said that was a big mistake, it was a waste of time, it brought no benefits to Italy. When she became Prime Minister, she pulled Italy out of that. She had also has been one of these supporters putting tariffs on Chinese companies, particularly ev makers. And then if you go back even further back in two thousand and eight, she was actually a junior minister in Sylvia Bernasconi's government and at the time of the Beijing Olympics, she urged the boycott of the Olympics. So a China's human rights record. So I don't know how much China is going to see her as being someone that that's that reliable when it comes to mediation.

Please tell me if you can speak Mandarin.

Please tell me if you can speak Mandarin.

She can't, of course.

She can't, of course.

Okay, you would have thought that you would have had an independent mediator, perhaps from the Americas or whatever, because she's got a dog in the game. But there we go interesting. We'll watch that very very carefully. Now, TikTok and in China, and of course America doesn't like it. What's their problems?

Okay, you would have thought that you would have had an independent mediator, perhaps from the Americas or whatever, because she's got a dog in the game. But there we go interesting. We'll watch that very very carefully. Now, TikTok and in China, and of course America doesn't like it. What's their problems?

Well, it says that first of all, it spies on American teenagers, collects loads of data about them, and then sends it back to China, which Beijing can then use to target the American audience through social media and in particular young people in China, influence their their approach and beliefs on China and even influence things like the elections. Now, TikTok denies that. It says it doesn't send anything back to China, and if it was asked by the Chinese government, it would refuse to do so. Now that would be rather difficult, I think for TikTok because the Chinese the government does expect its companies to sort of be another arm of the state, if you like. So the US government has put a ban on TikTok. It's got to either bite beside the divest itself of TikTok by January or face a countrywide ban. TikTok is suing the US government now in the latest briefing that the US government has just filed. It says that by Dance and TikTok have this secret sort of social media platform, internal media platform called Lock, and it uses that to spy on Americans and get their views about controversial subjects like abortion, like gay rights and so on, and then feeds that back to China through this system called Lock, So that the US government says that this really the gates TikTok's arguments, that it's got this this independence if you like service, this data service that's been set up by Oracle, which stores all of TikTok's data and can make sure that none of that goes back to China. Well, the US government says, of course, that's all violated by this this Lark system and other things that TikTok does.

Well, it says that first of all, it spies on American teenagers, collects loads of data about them, and then sends it back to China, which Beijing can then use to target the American audience through social media and in particular young people in China, influence their their approach and beliefs on China and even influence things like the elections. Now, TikTok denies that. It says it doesn't send anything back to China, and if it was asked by the Chinese government, it would refuse to do so. Now that would be rather difficult, I think for TikTok because the Chinese the government does expect its companies to sort of be another arm of the state, if you like. So the US government has put a ban on TikTok. It's got to either bite beside the divest itself of TikTok by January or face a countrywide ban. TikTok is suing the US government now in the latest briefing that the US government has just filed. It says that by Dance and TikTok have this secret sort of social media platform, internal media platform called Lock, and it uses that to spy on Americans and get their views about controversial subjects like abortion, like gay rights and so on, and then feeds that back to China through this system called Lock, So that the US government says that this really the gates TikTok's arguments, that it's got this this independence if you like service, this data service that's been set up by Oracle, which stores all of TikTok's data and can make sure that none of that goes back to China. Well, the US government says, of course, that's all violated by this this Lark system and other things that TikTok does.

I really feel for some poor Chinese person who has to sit there and see the mountain of TikTok produced by American teenagers and try to ascertain some sort of sense to it all.

I really feel for some poor Chinese person who has to sit there and see the mountain of TikTok produced by American teenagers and try to ascertain some sort of sense to it all.

You know, American American teenagers.

You know, American American teenagers.

If you answer, they say, we don't care, and we psactly, They say, I'm not that interesting.

If you answer, they say, we don't care, and we psactly, They say, I'm not that interesting.

Even why does the government want all this information on me?

Even why does the government want all this information on me?

They say whatever? And I don't vote anyway, and by the way, have you seen the lads from Surta And this is how we dance. I know, I get this, So there we go. All right, give me with the smart stuff Apple. Apple has dropped out of the top five smart phone sellers in China, I would presume because the Chinese phones just get bitter and bitter from more the technology they've stolen.

They say whatever? And I don't vote anyway, and by the way, have you seen the lads from Surta And this is how we dance. I know, I get this, So there we go. All right, give me with the smart stuff Apple. Apple has dropped out of the top five smart phone sellers in China, I would presume because the Chinese phones just get bitter and bitter from more the technology they've stolen.

That's what the US government will say.

That's what the US government will say.

In fact, it's noticed the board that now all top five manufacturers in China are domestic manufacturers.

In fact, it's noticed the board that now all top five manufacturers in China are domestic manufacturers.

So the number one is Railway.

So the number one is Railway.

Which has faced a lot of sanctions from the US but nevertheless has been able to develop chips to power it's iPhones. And then also you've got ferns like Vivo and Opper up there shall Be, which also has been developing electric cars, is up there. The top five Apples dropped down to number six, although Apple says it's still got a very strong business in China. But if you look at Apple's results which came out yesterday, in fact, it did report that its sales in Greater China area, which includes Mainlanchai, the Taiwan, and Hong Kong, declined six percent, So it is coming under a lot of pressure from these local rivals that introduce competing products. Someone did say to we are they going to go the same way as BlackBerry did? I don't think so, because Apple has got a whole ecosystem around it. It doesn't just depend upon the iPhone. It's got particularly its services like iTunes and its cloud business. So it has got a very big ecosystem that can offset the decline in sales in China. In fact, we saw that in Apple's results yesterday they still managed I think a five percent gain in revenues.

Which has faced a lot of sanctions from the US but nevertheless has been able to develop chips to power it's iPhones. And then also you've got ferns like Vivo and Opper up there shall Be, which also has been developing electric cars, is up there. The top five Apples dropped down to number six, although Apple says it's still got a very strong business in China. But if you look at Apple's results which came out yesterday, in fact, it did report that its sales in Greater China area, which includes Mainlanchai, the Taiwan, and Hong Kong, declined six percent, So it is coming under a lot of pressure from these local rivals that introduce competing products. Someone did say to we are they going to go the same way as BlackBerry did? I don't think so, because Apple has got a whole ecosystem around it. It doesn't just depend upon the iPhone. It's got particularly its services like iTunes and its cloud business. So it has got a very big ecosystem that can offset the decline in sales in China. In fact, we saw that in Apple's results yesterday they still managed I think a five percent gain in revenues.

Yeah.

Yeah.

Yeah, Well interesting as I've always been confused that why BlackBerry did not work, and maybe it was just a product before its time, because the encryption that was available on BlackBerry's will go down. And just to treat these days with all their with all the sort of stuff that's happening right now, Peter, I like to thank you very much, enjoy your weekend, enjoy the Olympics, and we'll talk again later.

Yeah, Well interesting as I've always been confused that why BlackBerry did not work, and maybe it was just a product before its time, because the encryption that was available on BlackBerry's will go down. And just to treat these days with all their with all the sort of stuff that's happening right now, Peter, I like to thank you very much, enjoy your weekend, enjoy the Olympics, and we'll talk again later.

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