| 00:00:06 |
Scully, Steven - Host
IN CHINA. JOINING US IS DAMIEN MA. THE NEW CHINESE PARTY CONGRESS LOOKS TO THE YOUNGER GUYS FOR NEW IDEAS. WHAT CHANGES CAN WE EXPECT HERE IN THE U.S.?...
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| 00:00:31 |
Ma, Damien - Analyst
WROTE THAT, IT WAS REVEALED ON THURSDAY MORNING THAT SOME OF THE YOUNGER GUYS DID NOT MAKE IT INTO THE COMMITTEE. WE WILL HAVE TO WAIT ANOTHER FIVE YEARS...
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| 00:01:18 |
Scully, Steven - Host
TO READ A COUPLE OF SENTENCES AND GET YOUR REACTION. IF EVERYTHING IN CHINA IS GOING SO WELL, WHY DO SO MANY OF ITS CITIZENS THINK ABOUT MOVING HERE?...
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| 00:02:13 |
Ma, Damien - Analyst
BASICALLY TRUE. WHAT SHE IS TALKING ABOUT IS THAT THE CHINESE ELITE IS VOTING WITH THEIR FEET. THEY ARE CONCERNED ABOUT EDUCATION SYSTEMS IN CHINA....
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| 00:02:44 |
Scully, Steven - Host
US THROUGH THE NEW LEADERSHIP IN CHINA. GUEST: THEY CUT IT
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| 00:02:49 |
Ma, Damien - Analyst
DOWN BY TWO. LET'S TALK AND MORE DECISIONS. XI JINPING WILL BE THE HEAD OF THE MILITARY.
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| 00:03:02 |
Scully, Steven - Host
HOST: HIS BACKGROUND. GUEST: HE IS TO
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| 00:03:10 |
Ma, Damien - Analyst
RUN LARGE COASTAL PROVINCES -- HE USED TO RUN LARGE COASTAL PROVINCES. HE HAS LINEAGE WITH MAO TSE- TUNG. THE PERSON WHO WILL BE THE PREMIER IS RANKED...
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| 00:03:40 |
Scully, Steven - Host
BACKGROUND? GUEST: HE
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| 00:03:45 |
Ma, Damien - Analyst
CAME FROM A POOR PROVINCE. HE HAS A PH.D. FROM A FAMOUS UNIVERSITY IN CHINA. HE HAS A SOLID COMMAND OF ENGLISH. HE IS SEEN AS MORE OF A REFORMER. HOST:...
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| 00:04:02 |
Scully, Steven - Host
STRONG MIDDLE- CLASS OR IS THERE A DISPARITY BETWEEN THE POOR AND THE WEALTHY IN CHINA? GUEST: THAT IS THE MOST
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| 00:04:11 |
Ma, Damien - Analyst
SERIOUS PROBLEM FOR THE LEADERSHIP TO ADDRESS, SOCIAL INEQUALITY. THERE ARE 200 MILLION PEOPLE ARE CONSIDERED MIDDLE CLASS. THEY ARE DEMANDING AN EXPECTING...
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| 00:04:31 |
Scully, Steven - Host
CIRCLING CHINA THROUGH SOUTHEAST ASIA AND NOT GOING TO CHINA. IS THAT A POLITICAL MESSAGE TO CHINA? GUEST: CHINA WILL SEE IT
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| 00:04:45 |
Ma, Damien - Analyst
AS SUCH. THAT HAS RAISED CONCERNS FROM BEIJING. THEY SEE IT AS IN SUCKLING CHINA IN SOME WAYS. HOST: THIS ALL
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| 00:04:59 |
Scully, Steven - Host
THE RIGHTS WILL THERE BE A CHANGE IN POLICY TOWARD TAIWAN? -- THIS AUTHOR RITES, -- WRITES, WILL THERE BE A CHANGE IN POLICY TOWARD TAIWAN? IS AN ECONOMIC...
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| 00:05:34 |
Ma, Damien - Analyst
ECONOMIC INTEGRATION THAT HAS DRAWN TOWARD TAIWAN. THEY FACED ENORMOUS ENERGY AND ENVIRONMENTAL CHALLENGES. IN CONSUMPTION HAS DOUBLED OVER THE LAST...
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| 00:06:08 |
Scully, Steven - Host
IS CHINA'S POPULATION TODAY? GUEST: IT
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| 00:06:14 |
Ma, Damien - Analyst
IS 1.3 7 BILLION PEOPLE. THE COUNTRY IS GETTING MUCH OLDER THAN THEY WANT. THEY ARE NOT HAVING ENOUGH CHILDREN TO REPLENISH THE OLDER POPULATION. THAT...
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| 00:06:34 |
Scully, Steven - Host
WE ALL CHINA AS A REPRESENTATIVE OF OUR DEBT? GUEST: IT
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| 00:06:41 |
Ma, Damien - Analyst
IS AROUND $3.30 TRILLION. 30% OR 40% IS U.S. TREASURY OR U.S. ASSETS. HOST: WHAT
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| 00:06:51 |
Scully, Steven - Host
IMPACT DOES THAT HAVE WHEN WE NEGOTIATE WITH CHINA ON OTHER ISSUES LIKE TRADE OR ENVIRONMENTAL ISSUES? GUEST: THEY DO
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| 00:06:59 |
Ma, Damien - Analyst
NOT HAVE THAT MUCH LEVERAGE. THEY DO NOT WANT TO HOLD THAT MUCH DEBT BECAUSE THE U.S. DOLLAR IS STILL DOMINANT IN THE WORLD. THEY ARE IN A BIT OF A WEAKER...
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| 00:07:24 |
Scully, Steven - Host
DAMIEN MA. WARREN IS JOINING US FROM MARYLAND ON THE DEMOCRATS LINE. CALLER: I WOULD LIKE TO
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| 00:07:44 |
CALLER, -
ASK CALLER: CHINA BUYS
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| 00:07:51 |
CALLER, -
UP MINERALS BUT CHINA DOES NOT ADDRESS RACIAL PROBLEMS THAT HAPPENED AROUND THE WORLD. THEY ARE ON THE SIDELINE WITH THE IRAN PROBLEM AND IS REAL PROBLEM...
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| 00:09:44 |
Ma, Damien - Analyst
LIKE WE HAVE A HEALTH CARE DEBATE, IS HAVING THEIR OWN. THE COMMUNIST PARTY DISMANTLE THE ENTIRE SOCIAL WELFARE SYSTEM AND THEY ARE TRYING TO REBUILD...
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| 00:10:31 |
Scully, Steven - Host
CHINESE RESIDENTS HOW THEY VIEW AMERICA, ALL KIND OF RESPONSE TO YOU THINK YOU WOULD GET? GUEST:
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| 00:10:36 |
Ma, Damien - Analyst
THEY STILL BELIEVE AMERICA IS THE MOST DOMINANT POWER GENERALLY. THEY LIKE AMERICA BUT I ALSO THINK THERE ARE INCREASINGLY YOUNGER LIBERAL NATIONALISTS...
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| 00:11:16 |
Scully, Steven - Host
CHILDREN GO TO SCHOOL YEAR ROUND? GUEST: NO, THEY USED TO
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| 00:11:21 |
Ma, Damien - Analyst
HAVE TO GO ON SATURDAYS BUT THEY DON'T HAVE TO GO ON SATURDAYS. HOST: JUSTIN IS JOINING
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| 00:11:26 |
Scully, Steven - Host
US FROM TEXAS, DEMOCRAT LINE -- CALLER: I WAS
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| 00:11:32 |
CALLER, -
CURIOUS WHAT THE IMPLICATION IS AND WHAT WE CAN TAKE FROM THE FACT THAT WHOSE INTEL PASSED ON AND THE CHAIRMANSHIP OF THE MELON -- THAT HU JIN TAO PASSED...
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| 00:11:49 |
Ma, Damien - Analyst
IS A GREAT QUESTION. THAT WAS ONE OF THE BIGGER SURPRISES COMING OUT OF THE PARTY CONGRESS. HE STEPPED DOWN AS HIS OWN PERSONAL LEGACY TO SAY HE WANTED...
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| 00:12:33 |
Scully, Steven - Host
PARTY CONGRESS IN CHINA BUT YOU SEE THIS ONE IS DIFFERENT. GUEST: THIS IS THE FIRST
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| 00:12:38 |
Ma, Damien - Analyst
TIME YOU DON'T REALLY HAVE AN ELDER STATESMAN WHO CAN BROKERED DEALS AND SELECTED THE PERSONAL PERSONALLY. THE PREVIOUS PRESIDENTS WERE PERSONALLY SELECTED....
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| 00:13:18 |
Scully, Steven - Host
SPENT A NUMBER OF YEARS IN SHANGHAI AND BEIJING AND HAS WRITTEN FOR MANY PUBLICATIONS. HE IS CURRENTLY THE CHINESE ANALYST FOR THE EURASIA GROUP. ANCHORAGE,...
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| 00:13:36 |
CALLER, -
MORNING TO YOU. I WOULD COMMENT ON YOUR HEALTH CARE AGENDA. I CONSIDER MYSELF A MIDDLE-CLASS PERSON IN AMERICA. BECAUSE OF OUR HEALTH CARE AND LACK OF...
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| 00:14:43 |
Ma, Damien - Analyst
CHINESE ARE TRYING TO TREND DOWN THEIR MILITARY. THEY DON'T WANT A FORCE THAT IS ROUGHLY 1.3 MILLION PEOPLE. CHINA HAS ALWAYS BEEN A LARGE ARMY IN QUANTITY...
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| 00:15:34 |
Scully, Steven - Host
ASIANS -- CHINESE VIEW AMERICANS. GUEST: THEY ARE PROBABLY NOT
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| 00:15:46 |
Ma, Damien - Analyst
A HUGE FAN OF OBAMA OR ROMNEY BUT I THINK THEY STILL LIKE PRESIDENT OBAMA. THE U.S. ELECTION WAS PROBABLY THE MOST HIGHEST TRENDING TOPICS ON THE CHINESE...
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| 00:16:41 |
Scully, Steven - Host
WHO IS IT CENTERED BY? GUEST:
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| 00:16:44 |
Ma, Damien - Analyst
GOVERNMENT. THEY RAISE COMMENTS -- A RACE, AND IT LITERALLY DON'T LET PEOPLE ON. -- THEY ERASE COMMENTS OR THEY DON'T LET PEOPLE ON. HOST: ARE
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| 00:17:00 |
Scully, Steven - Host
THERE PEOPLE MONITORING THE 300 MILLION TWEETS OR SOCIAL NETWORKS? GUEST:
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| 00:17:09 |
Ma, Damien - Analyst
THEY HAVE ENTIRE OFFICES LOOKING AFTER THIS. HOST:
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| 00:17:15 |
Scully, Steven - Host
CONN., INDEPENDENT LINE, GOOD MORNING. YOU ARE ON THE AIR. TURN THE VOLUME DOWN ON YOUR TELEVISION SET AND GO AHEAD. I WILL PUT YOU ON HOLD. LET GO TO...
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| 00:17:35 |
CALLER, -
GOOD MORNING AND THANK YOU. I AM VERY INTERESTED IN ASKING ABOUT CHINA AND THE FACT THEY ARE A COMMUNIST COUNTRY. I'M A LIBERAL DEMOCRAT LIVING IN...
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| 00:18:30 |
Ma, Damien - Analyst
FRANKLY, ABANDONED PURE COMMUNISM A LONG TIME AGO. THEY SAID WE NEED MARKETS IN MORE CAPITALISTIC IDEOLOGY. THEY WERE VERY PRAGMATIC. THAT'S WHAT CHINA...
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| 00:19:16 |
Scully, Steven - Host
US FROM ILLINOIS ON OUR REPUBLICAN LINE. CALLER: HI, MY
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| 00:19:23 |
CALLER, -
QUESTION IS ABOUT FREE TRADE. HOW IS CHINA GOING TO IMPLEMENT MORE FREE TRADE? DONALD TRUMP SAID YOU STOLE 6 MILLION TONS FROM AMERICA AND YOU CONTINUE...
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| 00:20:17 |
Scully, Steven - Host
TO KODAK BUT WASN'T THAT TECHNOLOGY TRAIN -- CHANGING? ARE YOU SAYING THAT THE CHINESE PEOPLE ARE TAKING JOBS AWAY FROM AMERICANS IN TERMS OF PHOTO PROCESSING?...
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| 00:20:36 |
CALLER, -
ALL JOBS, CHINA IS TAKING JOBS FROM AMERICA.
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| 00:20:41 |
Ma, Damien - Analyst
GUEST: TO REALLY DISCUSS THIS ISSUE, YOU HAVE TO LOOK AT THE BROADER CONTEXT OF GLOBALIZATION OVER THE LAST 10-15 YEARS. FOR THE LAST DECADE, CHINA HAS...
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| 00:21:49 |
Scully, Steven - Host
LOOK AT THE NEW BRAHMI'S UP ELECTION -- THE NEW BURMESE OPPOSITION LEADER, HOW DOES THAT AFFECT THE GEOPOLITICAL BALANCE IN THE REGION?
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| 00:22:03 |
Ma, Damien - Analyst
GUEST: CHINA HAS TRADITIONALLY HAD A STRONG INFLUENCE ON BURMA. OBAMA'S FIRST STOP WILL BE TO BURMA. THE OUTGOING PREMIER IS RIGHT THERE. THE CHINESE...
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| 00:22:52 |
Scully, Steven - Host
EYE ON THE PRESIDENT'S TRAVELS THROUGH SOUTHEAST ASIA, TOM DONELIN WAS SPEAKING ABOUT THEIR RELATIONS. [VIDEO CLIP] >>
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| 00:23:06 |
Unidentified Speaker, -
GETTING THE RELATIONSHIP RIGHT IS SOMETHING WE WILL GET RIGHT IN PRESIDENT OBAMA'S SECOND TERM. WE HAVE TAKEN STEPS TO THAT THIS MORNING IN BEIJING. THIS...
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| 00:24:02 |
Scully, Steven - Host
TO WHAT HE WAS SAYING, I WANT TO GO BACK TO YOUR PIECE ON FOREIGN AFFAIRS -- AS THE U.S. TRIES TO REBALANCE ITS STRATEGIC PRIORITIES AND ASIA -- EXPLAIN...
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| 00:24:17 |
Ma, Damien - Analyst
IS REBALANCING STRATEGIC FOCUS ON RESOURCES. IT IS A WAY -- IS POINTING THEM AWAY FROM THE MIDDLE EAST. IT IS CLEAR THAT U.S. INTEREST IN ASIA IS ENORMOUS....
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| 00:24:53 |
Scully, Steven - Host
JOINING US FROM OHIO ON THE INDEPENDENT LINE, GOOD MORNING.
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| 00:24:57 |
CALLER, -
CALLER: I WOULD LIKE TO KNOW WHETHER THE GENTLEMAN THINKS THE CHANGE IN LEADERSHIP COULD HAVE A CHANGE IN CULTURAL GENOCIDE THAT THE CHINESE ARE INFLICTING...
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| 00:25:15 |
Ma, Damien - Analyst
DON'T THINK THE POLICY ON TIBET WILL CHANGE ANYTIME SOON. THAT IS A TOUGH ISSUE. MANY PEOPLE DOMESTICALLY IN CHINA AND ABROAD ARE WORKING ON THIS ISSUE....
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| 00:25:30 |
Scully, Steven - Host
HOST: ARE THE ROOTS TO THAT? GUEST: TIBET TO THEM IS
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| 00:25:36 |
Ma, Damien - Analyst
A COURT SOVEREIGNTY ISSUE. THEY FRANKLY HAVE NEVER HAD A VERY INVITING POLICY ON TIBET. IT IS THE SAME WITH JINGDAO WHICH IS A BIG REGION WITH ETHNIC...
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| 00:26:13 |
Scully, Steven - Host
TAIWAN BUT KERRI HAS SOME OTHER COUNTRIES IS INTERESTED IN -- GUEST: JAPAN
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| 00:26:24 |
Ma, Damien - Analyst
HAS BECOME A BIT OF A WORST RELATIONSHIP IN THE NEAR TERM. WE THINK THAT RELATIONSHIP WILL PROBABLY BE A TOUGH ONE TO RESULT PRIMARILY OVER THE ISLAND...
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| 00:27:07 |
Scully, Steven - Host
RICHARD NIXON WERE ALIVE TODAY, WITH THE RELATIONS BE EXPECTED -- BE WHAT HE EXPECTED BACK IN 1972 WHEN HE NORMALIZED RELATIONS WITH CHINA? GUEST: IF...
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| 00:27:22 |
Ma, Damien - Analyst
ALIVE, I THINK HE WOULD BE VERY SURPRISED AT THE RESILIENCE OF THE BILATERAL RELATIONSHIP. THESE COUNTRIES COME FROM VERY DIFFERENT HISTORIES AND VERY...
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| 00:27:57 |
Scully, Steven - Host
LEGACY?
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| 00:27:59 |
Ma, Damien - Analyst
GUEST: IS VERY MIXED. XI JINPING SAID MAO WAS 30% RIGHT AND 70% WRONG. HE DOES NOT REALLY REPRESENT THE MAINSTREAM THINKING IN CHINA, MAO. THERE'S STILL...
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| 00:28:26 |
Scully, Steven - Host
TEXAS AND ARE DEMOCRATS LINE -- CALLER: NICE SUIT TODAY,
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| 00:28:33 |
CALLER, -
STEVE -- MY QUESTION IS MORE TOWARDS PAKISTAN. IT SEEMS LIKE CHINA DOES NOT LET GO OF THAT RELATIONSHIP. OTHER COUNTRIES ARE VILIFYING PAKISTAN THAT CHINA...
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| 00:28:59 |
Ma, Damien - Analyst
I THINK THAT IS A FAIRLY ACCURATE PORTRAYAL. CHINA WILL NOT REALLY CHANGE ITS RELATIONSHIP WITH PAKISTAN. WITH THE U.S. PRESENCE LEAVING AFGHANISTAN AND...
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| 00:29:28 |
Scully, Steven - Host
A PIECE THAT APPEARED IN "THE FINANCIAL TIMES." CAN YOU ELABORATE? GUEST: THE
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| 00:29:58 |
Ma, Damien - Analyst
STATE-SECTOR PROBLEM MONOPOLIZES MANY SECTORS AND I HAVE SUCH POLITICAL POWER AND ECONOMIC CLOUT. IT WILL TAKE A LOT OF EFFORT AND POLITICAL WILL FROM...
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| 00:30:18 |
Scully, Steven - Host
NEW HAMPSHIRE, REPUBLICAN LINE, GOOD MORNING. CALLER: I HAVE A
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| 00:30:23 |
CALLER, -
QUICK QUESTION ON THE CHINESE ATTITUDE TOWARD JAPAN AND THE SOUTH CHINA -- SOUTH CHINA SEA CONFLICT. WHY HAS THE CHINESE STRATEGY CHANGED OVER THE LAST...
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| 00:30:53 |
Ma, Damien - Analyst
OFFICIALLY, THE CHINESE HAVE NOT CHANGED RHETORICALLY ON THEIR POLICY. IN 2009 AFTER THE FINANCIAL CRISIS, THERE WAS ARGUMENTS WITHIN CHINA AMONG THE...
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| 00:31:54 |
Scully, Steven - Host
HOST: GUEST: THAT'S
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| 00:32:00 |
Ma, Damien - Analyst
GOING TO BE EXTREMELY TOUGH. JAPAN HAS A SECURITY TREATY WITH THE UNITED STATES. THEY RELY TO SOME EXTENT ON A U.S. PRESENCE THERE. THAT WILL BE A...
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| 00:32:39 |
Scully, Steven - Host
INDEPENDENT LINE -- CALLER: IN THE
|
| 00:32:45 |
CALLER, -
SHORT TERM, MANY THINGS BEING DISCUSSED -- CHINA IS BEHIND THE UNITED STATES -- LONG TERM -- WHAT DO YOU THINK THE EFFECT ECONOMIC-WISE WILL BE FOR THE...
|
| 00:34:07 |
Ma, Damien - Analyst
PROBABLY BE A BURGEONING ECONOMY IN AGGREGATE GDP TERMS. MOST ECONOMISTS TEND TO PROJECT THAT. EVEN AS THEY BECOME THE BIGGEST ECONOMY IN TOTAL, IT IS...
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| 00:35:08 |
Scully, Steven - Host
WOULD YOU SIZE UP RELATIONS WITH CHINA AND WHAT WILL HAPPEN MOVING FORWARD WITH THE NEW LEADERSHIP? GUEST:
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| 00:35:14 |
Ma, Damien - Analyst
THE U.S. RELATIONSHIP? I THINK WE ARE IN FOR A MORE CHALLENGING FIRST YEAR. WE HAVE TWO TRANSITIONS AND ALTHOUGH THERE IS CONTINUITY ON OUR SIDE IN WASHINGTON,...
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| 00:35:43 |
Scully, Steven - Host
VERY MUCH FOR ADDING YOUR PERSPECTIVE ON THIS TOPIC, THANK YOU VERY MUCH. TOMORROW MORNING, WE WILL BEGIN WITH A CONVERSATION ON THE DEBT AND DEFICIT...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.