Also in this playlist...
This transcript is automatically generated
Is here with a yet to sell you got the -- stuff he got to sell it.
What is gonna tell us about with the other big story of the last couple days and that's what's going on in China in Dallas going on -- with the banks in -- at their bank the bank of China sand.
We're gonna limit lending and that's freak everybody around the rest of the world.
There's -- reason for that.
-- -- kind of scared the way you refer to our our banker China because what happened today is Secretary Clinton basically read our -- the riot act.
Yes she's a diplomat says she did very nicely and she gave a very important speech of the Internet freedom and speech.
And she said.
This is what's important to us and China you're on the wrong side of history and I'm drastically every characterize what you said.
This is of course caused by the flap of Google where Google has made allegations that somebody.
-- in their systems.
And as result of that they may consider not doing business.
And also their -- consider no longer censoring to Google search results so lot of people worry what does this mean.
And Secretary Clinton gave him.
Previously scheduled to address that said as -- -- America -- very nice to listen to she read out -- she sided FDR's four freedoms and she added a fifth freedom the freedom of connectivity.
And she made a very.
A pro business.
Listing of what's important to us.
And the Internet and free information.
Is utterly important to our way of life.
And how we do business and you able to set some pretty gee -- statistics have for example.
10% increase in penetration of mobile phones in some country will lead to 1%.
And GDP that's pretty good.
And contain -- China listen.
You can't have these fire walls of that information.
We will have less trust in your businesses if we think that they're not getting.
Everything OK let me see here this big patriotic speech to -- actually listen -- -- they just give us.
And then what -- I -- to characterize it as as if she were my lawyer and I'm behind and thinking that this is a very elegant demand letter was she saying that China.
This is what's important to us you are.
Reaching something that's important to us we are going to go to court.
But fortunate this is what's important China to that this is this government -- preservation don't they have and doesn't China basically -- When you're telling me what to do -- -- -- you what to do well -- going to negotiation I believe the other guy has hand but I'm already sunk.
I understand what you're saying -- as you may know what's the reality that she may be interdependent argument and when you say that China you know has -- that's all this money.
But -- gonna for -- if they do not want us to go bankrupt right.
So this into dependents and I'm not quite sure that as a strategic approach we have to decide.
Who has hand and do they really have hand from a trade perspective as well we are so interdependent but it.
You -- they do they are protectionist and in many ways what do we have to hold over them what do we have as leverage to say.
You know you really needed -- -- doing this you really needed it I'm laughing because one of our allegations is that we're accusing them of stealing.
Our advantage which is the high tech his ability.
So that that's part of that the present dispute that we're gonna citizenship called for an investigation.
Into the hacking incidents he says she -- the results to be transparent.
So we're headed to court.
But do we win.
Only time will tell.
It -- that the government they they believe that their government's survival is at stake she'd make points at look at east Germany.
Look at Iran this is teetering as -- to the free flow of information.
Ultimately your government will fall.
Unless you take some sort of action because suppression is never ever.
-- -- workers in the -- still relatively young country.
They're still kind of coming up with rules that would be over this country from but young economically get very young economically as far as where you know as far as our conversation here.
They're they're making kind of creating rules as we go we have risks and inflation there now.
I get and a lot of people believe that it is the place to invest that the economy still booming there but can understand why.
He's -- a lot of people very nervous about it and sketchy about going over there.
Forty run of the mill or typical business if you -- a twenty -- perspective is a lot easier to do business in China.
Then in twenty years ago I mean.
I can get rich Chinese trademark application -- my desktop at this point I have some security that I'll be able to enforce my rights in a Chinese legal system.
But it twenty perspective things are going in the right direction but we have this thing looming on the horizon in the protectionist or dictatorial authoritarian government.
That's the problem -- for our partner in Moses is seasonal actual property.
Thank you so much good to see a human right.
Filter by section