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In DC force of this Peter was talking about the cyber security discussions going a pretty big role.
It secretary lose this it to China we've been talking a lot about it on this program as well markets now and we had.
The US cyber consequences unit director Scott -- gone with -- recently and he offered this sobering statistic wants us.
-- carrying it out about ten times the scale of economic espionage because the whole rest of the world put together -- When China steals and business secrets and technology it matters a lot more than if a country like say France or Japan does.
And with us from Washington this case investment strategist chief trader you.
For our view is so wanna talk about the relationship between the US and China but this issue of cyber security.
-- the cyber war how is that change the relationship here especially recent.
-- do you think.
Yeah basically it's still the same old story.
-- where China United States are we friends worry follows them we just still can't really figure exactly that relationship about writing this -- -- wrote a security threat to spend there.
2000 not actually is -- actually hot packed into our system I -- that.
At 35 the -- Task for the joint strike a fighter a program -- -- from their US basically has changed.
-- the strategy based everywhere.
Every since that story came out about the building in Shanghai ever since that.
And I don't think it's just does what we have been more focused on it as well but ever since that story came out.
It seems like people are looking at China a little differently.
Then they had even the people who -- come -- and said and ended proponents of the economic opportunity over there but investing in China about how we need China about how they need does all that type of stuff.
Seems like -- a little bit of a different attitude you don't sense that.
Yeah I hear that we have we do I think the differences -- -- cyber security -- breaches that basically I think a lot of countries by -- each other especially up with i.'s national security kind of stuff right but when people are doing that usually you don't released.
The commercial that industrial secret so basically -- Chinese are using a lot of fat and to create unfair competition and that's what the world community don't like.
And also -- US has change in strategy I think basically US has been pretty reserved about is cyber offensive capability and actually pretty reserving naming China.
That didn't work so now we're saying hey it's you and we want to tell you how the forty cyber task forces.
Thirteen our offensive so price if you were to attack -- wolfpack back and that it's working right now.
Exactly so it's a little bit on -- -- -- side and they claim their victim and we say that our companies are in the and that's the backdrop for all of this aren't.
Wanna talk you about what you dealing -- trader don't talk to about investing especially in because every time we have young we talk about China digitally because our stock market here.
And his secretary lose trip there as a backdrop for all -- our stock market here's been doing great we're showing a chart -- the S&P 500.
Against the Shanghai composite this is basically us vs them United States vs China and our stock market is doing.
Well a lot better why would so maybe it'll change but why would someone want to invest.
Given all the risks and and everything else why would someone want to invest in China as opposed to just having the money here on the United States -- case for.
You have right now he can't pass while the money is coming to the United States not only country and try haven't even come -- -- right.
The right now yeah I economically the world still that's sort of kind of a stagnant but we're still with the bath house in a rough neighborhood that's what everybody wants to come the United States investors -- -- -- -- I challenge -- -- -- -- -- change at all -- is China becoming more attractive.
Alternative or are you more worried because of all these headlines we've talked about about putting money you putting your money investors' money in China.
Yeah I think tribe has more of a wild card I think if it does -- -- I think you probably get more return.
But you know I think is a little bit more stable -- -- typical risk reward type of scenario so do you wanna take more risk.
I ordered to she -- -- return would you go off I'm not rule more stable if you're looking with the ability.
United States is actually the place to be.
Over China however if you believe that hate when the world economy does recover and start to be a little bit more robust China is probably going to -- lead again and then.
You wanna be in China -- -- wants I don't think there's a little bit risk reward tradeoff there you do Chang always good to have you on from -- investments thanks a lot and you.
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