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Business Matters: China Warns Against Trade War

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18/01/2017 GMT

China Warns Against Trade War

BBC World Service - Business Matters, China Warns Against Trade War

China's President Xi Jinping warns there are no winners in trade wars.

China's President Xi Jinping tells the World Economic Forum there are no winners in trade wars, in comments seen as a rebuke to US president-elect Donald Trump.

Relations between the US and China don't look like getting any warmer in the near future. Donald Trump's questioning of the One-China policy on Taiwan hasn't gone down well in Beijing. Now President Xi Jinping has used his appearance at the World Economic Forum to attack President-Elect Trump's protectionist views. Is China about to steal America’s role as lead cheerleader of free trade and globalisation? We hear from a Chinese tech entrepreneur, Daisy Guo, and investment banker Anthony Scaramucci who is on the executive committee of Mr Trump's transition team.

British Prime Minister Theresa May has revealed her negotiating position for leaving the European Union, indicating a preference for a hard Brexit out of the single market and the customs union. Critics say this outcome would mean Northern Ireland and the Republic of Ireland once again being split by a hard border, with ramifications for the economies on both sides. Danny McCoy of the Irish Business and Employers' Confederation outlines the issues at stake.

Juliana Liu in Hong Kong brings us up to date on stories making the headlines in Asia, including China investigating the factories accused of making fake food seasoning and US tech companies in China laying off workers. 

How should politicians best respond to satire and shaming? If you're Donald Trump it seems no imitation or skit can pass without a comment in kind. Alec Baldwin and Meryl Streep have both recently been on the sharp end of his late-night tweets. We discuss with comedienne Aida Rodriguez how Mr Trump's victory is changing political stand-up comedy.

Plus Nicole Childers, senior producer for Marketplace Morning in Los Angeles, joins us as a guest and explains how the business of buying and selling sneakers is becoming so big that some shrewd shoe traders are able to give up their day jobs. 

Fergus Nicoll is also joined throughout by Madhavan Narayanan in Delhi, who is a columnist and tech writer.

(Picture: Dollar and Yuan - Picture Credit: Fred Dufour/Getty Images)

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