America and China's Race for Asia Hots Up, with Japan Looming

Joe Quinlan, Managing Director and Chief Market Strategist at the US Trust-Bank of America Private Wealth Management in New York, discusses China President Xi Jinping's comments that Chinese outbound investment will total $1.25 trillion over the next 10 years, the China-US 'race' for Asia and the possibility of a rising geopolitical threat due to Japan and China's re-militarising efforts.

He also talks about the health of US corporate earnings, weak growth ex-USA, perceived above-average valuations on US shares and Fed policy.