china china is a very interesting case right we have a growth in china slowing of forecasts from the around 6 percent in 200-100-2020 not the same as the double digit that we were used to in the previous decade but china cannot afford not to care about the environment they said we have evidence of from various sources and it is about $1000000.00 deaths per year premature deaths because of air pollution we have evidence of economic costs of pollution in china so china needs to get its act together about pollution and things are going on it's part of a bigger problem so it's not just more ambitious environmental policy it's also law enforcement it's linked to the rule of law in china which is another growing for growth priority on in our report and also the fact that the level playing field in competition the fact that you know older inefficient performing and less environmentally friendly firms would need to enter the market whether enjoy support that keeps them on the market so it's a bigger problem that needs to be addressed with a complex set of policies and these are the policies

we spoke to an expert on china richard mcgregor and asked him how likely it is that china will back down i think they're settling in now for a long trade war they're not nearly as exposed to the u.s. as the market as they once were they're not nearly as reliant on export exports as they once were now i think china is hurting it's chinese private companies which the exporters are hurting most china sort of a premier technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving way away to the u.s. so they're really settling in for a long term battle. finally investors looking to get a whole finch for the rising global demand to beat and get a piece of the action thanks to a south african app called my phone book yap allows best is to buy shares in a cow starting at $576.00 randall $36.00 and pays out between 5 and 4 percent interest once the animal is so the slaughter. project was started 4 years ago and now includes a 2000 and a. i said business with a. kick off. the. news it's a kind of culture walk. me a phenomena. reframe a look i

china buys with the european union for the massive investments in a new candidate state montenegro is competition good in this case. a good leader. those lucky enough to have access to dollars or euros are best off into iran's ground the anger is palpable. if the situation remains like this we'll have to leave iran we're trying very hard to get out of a country differently there's no future here. as you can see iranians need bread rather than nuclear programs they want their economic situation to improve the point is that you can't fill up your kids' bellies with nuclear energy. the new u.s. sanctions also make it practically impossible for german companies to do business with iran firstly because hardly any banks are willing to handle the payments leaving the iranians with no way to pay the invoices and also because washington has threatened retribution against any companies which continue to do business with tehran. out of the many companies which set out to rekindle their old business relationships as soon as e.u. sanctions against iran were repealed only 60 a lift and then more or

for china. well i think in many ways that's going to depend on what kind of monetary and fiscal stimulus that we see as a result of the way to the economy's performed in the 1st half of the year i think it's important to note that yes while we are seeing the slowest level of growth in 27 years in china this is being part of a decline that's been happening for some time and actually the extent to which we've seen it drop from around 6 and a half to $6.00 isn't that extreme actually growth the 1st half as a whole is around $6.00 so we could actually see with a little bit of stimulus towards in the 2nd half of the year we could actually see that perform a little bit better again and all of a sudden the trajectory that the cline isn't too extortionate and again it also depends on how much more this trade war those escalates if we continue to see targets being imposed naturally it is going to have significant implications but again it's then down to the point of the policymakers to decide what type o

then beef up the stock market so there's a possibility the chinese money will stay in china so. between those 2 options there is a possibility for capital flight but at the same time people trust hong kong and they they like the conditions with hong kong it's a gateway into china for the region so i think longer term its prospects are good once it's resolved these political issues radcliffe it can end there from business thank you so much for your insights. and now to some of the other global business stories making news. its profits more than doubled during the 1st half of the year they reach $1200000000.00 euros thanks largely to increase production of its a $320.00 aircraft european company is on course to be the world's biggest plane maker this year due to the prolonged grounding of boeing's 737 max jets. the former c.e.o. of folks like a subsidiary i would even push has been criminally charged over the diesel emissions scandal german prosecutors say he became aware of the cheating on emissions test in september 2015 at the latest that allowed to the effect it cost to contin

era china has just ordered 20 new a 350 s. from the european plane maker air bus in a deal worth 6000000000 euros it's the latest sign that airbus is expanding its foothold in the chinese market local carriers there are expressing more interest in european made planes thanks in part to trade tensions with the u.s. . is holding its 1st sale dedicated to sneakers their status as collectibles is growing some could fetch over a $100000.00 the shoes going under the hammer in new york include a pair inspired by the 2nd film backed out of the back to the future franchise. nobody likes a seafood go to waste but when it reaches its expiry date and has gone on sold shops often have no choice but to throw it away one japanese entrepreneur is tackling that part of the problem head on using little more than a bicycle and a website. unsold and uneaten it's estimated almost $28000000.00 tons of food ends up in japanese trash cans each year but grabbing the issue with both hands as you yes saito his innovative business aims to keep bread out

wants everyone to join it's at the end of the day against china. you know this is a very important issue at the moment you know there is always a strong rhetoric coming from the u.s. in the person of donald trump but we have the world the traits trading system has changed we have global value chains companies can shift profits from one country to the other and then we have china as a very specific big global player with a state owned companies where competition is not really an issue so the europeans and the u.s. have to cooperate stronger in light of the state owned companies from china taxation is only one issue just to mention other issues like individual freedom security of data it is not very constructive sustainable if europe if if the u.s. takes steps individually having china with a completely different trading system and not basically compatible in the long run with a competition oriented trading system and we haven't even mentioned china's tech behemoths weiwei. absolutely i mean there's been it comes to security reason i mean it's not on

china reports its slowest economic growth in decades so the trade dispute with the u.s. to blame for a slower growth simply china's new normal to break down the latest from beijing. also on the show the e.u. takes action against turkey for its gas drilling off the coast of cyprus will tell you what it means and how ankara has responded. and farmers in argentina could benefit from south america's new trade deal with the e.u. what about other sectors well it depends on who you ask. this is your business report i'm stephen beers in berlin thanks for joining us the chinese economy continues to cool new quarterly results showing the slowest growth in 27 years so does that mean china is on the ropes in its trade war with the u.s. well not so fast domestic demand is up and state support appears to be kicking in but china does have its work cut out for it. in the past 3 decades the chinese economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a major industrial powerhouse growth has been rapid for years double digits we

and china is negotiators in shanghai. what do you think will happen well i think their meeting in shanghai which is kind of significant itself we've just seen a new growth market opening there a growth stock market so there's just certain symbolism about it being in shanghai rather than in beijing showing there is going to be a business like approach i don't think we've been sort of already told not to expect too much from the talks that they're going to recess where they left off in may when the talks broke down in the meantime quite a lot has happened but we haven't really seen that much in terms of concrete developments so i think they're going to try and get to know each other again a little bit and then maybe look at these 2 sides and see what direction they want to trade talks to go but the political aspect is still very very strong both on the chinese side which doesn't want to show any weakness on the u.s. side which is very keen similarly not to show weakness and also to try and lord its economic strength over th

and painful lesson business china's economy keeps cooling. demand at home and abroad continues to fall to the latest quarterly results are in line with expectations they show state support is finally kicking in but that most stimulus will be needed as china's trade conflict with the united states rages on. in the past 3 decades the chinese economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a major industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter of g.d.p. rose by 6.2 percent solid by many standards but for china the worst performance since the early 1990 s. the government's been keen to offer reassurance but doesn't deny there are problems from. from one year and generally speaking economic performance in the 1st half of the year was within a reasonable range and has sustained momentum and overall stability. however we should also be aware that the economic conditions are still severe bo

china did pledge for their loans to african countries last year but doubts are creeping in for china the fear is that its investments in africa will not pay off as expected in april china declined to lend kenya 20 point $6000000000.00 for the 3rd phase of the rail line which seeks to extend it to lake victoria chinese lending carries risks for both sides african countries are worried they will not be able to repay the loans part 2 of the project is due to be completed this year if and when part 3 is completed remains uncertain. and joining me from nairobi is the correspondent joy doreen beera joy the mood bossa nairobi rail line it was mentioned this report this was sort of a prestigious project for chinese african development relations but it's had problems it's expensive it's underused according to projections compared with projections is beijing just calling a failure a failure here. well these 2 sides to that canyon looked at the project as the gateway to the intact east african region but as it is it appears you know when the president went to china to request for an extension o

and china regarding that trade a conflict and that china you know that's not only a central government but also a local government invest a lot into r. and d. research and development and other companies side to us well so china actually at the moment has the highest highest stick with the rate of indeed and that this so far we would just say that's a successful. is it something the west has to worry about worry about there was a very even state that is setting the standards in fields like artificial intelligence and. facial recognition. the research it's safe it's i think it's a it's not to really identify any of a country and the question is how you would do use of the technology so far in a china and lots of areas are leading and as. mentioned a facial recognition i'm telling the eye of the i.t. sec to us and to these i think as a host should be beneath it but what we need to spoil the environment a friend world how we use that and i don't think that's would be pose any threat to the other countries and if the other western countries and china would call me chip corporate each other

or institute the china study. first of all in. is the data in your view good or bad i think it's line with expectations most analysts have predicted something like 6.2 growth which is what we've got 6.3 for the whole quarter and this is in line with a longer term slowdown in china has been experiencing within the state growth targets of 6 to 6.5 percent how much can you blame those results on a trade war that well exports has fallen a little bit potentially because of the trade war but at the same time imports have been falling at a faster pace than exports and because of the way g.d.p. is calculated does actually means that the net export computer component of g.d.p. has been holding up quite well actually what's knocking off the most percentage point from growth is actually final consumption expenditure how much well can china take that if this trade war goes on and if this trade war escalates well i think china can has still has some reserves they have a large. a very large portfolio of foreign reserves the central banks in the

in singapore plastic is a global problem but also lots of it comes from the philippines vietnam china and conceptual other countries dumped more than half of the $8000000.00 tonnes of plastic ways that end up in the oceans every year according to a report from $22017.00 a is there enough awareness of void in plastics in the whole region. well there had at 1st the awareness has not been was not very wide secularly in developing countries like indonesia for example like what you cited even in countries like china that as big as china but now governments are starting to pay attention because of the revolution that's happening in their territories particularly in my reading life countries like the philippines malaysia indonesia and thailand. realizing this problem particularly for single released us single use crust excuse me so. this classical ocean problem especially in the marine territories are going to be kitty economies such as tourism which is very important economy of for some of these countries not to mention the threat that falls to public health and safety and very recently was

in china 25 strategy and says many countries and companies are all too willing partners and helping beijing become a world leader in the tech industry europe fails to protect its core interests we want to talk to one of the authors of that report in a moment but 1st here's more of that story if you want to journey deep into beijing's economic ambitions wild ways european style campus is a good place to start the telecommunications giant is emblematic of the country's plan to become a global leader in a number of key industries. government's made in china 2025 strategy reflects a desire to move away from low cost money factoring towards high tech as well as communications the chinese government is also investing heavily in transport energy and digitize ation traditionally it's gained a lot of its knowhow from abroad over the years the huge chinese market has attracted many foreign firms to the country including german car makers keen to carve out a nice. but in recent times china has been producing more homegrown firms in the area of electric mobility it's a ready proven itself with

and china so this is actually the 2nd order that airbus has gotten from china this year of a announced this really mammoth. deal worth about 30000000000 euros in march so they're sort of seeing china you. use these orders as a way to send a political message to the us you know china is the most important. market right now and so they're really getting they're really seeing an advantage. coming through through these training goshi asians so if you go any further in frankfurt thank you. the british travel group thomas cook is in a bad stalls with chinese investors about a rescue deal the agreement could be worth over 800000000 euros would see thomas cook's biggest stakeholder china's full sun take control of its true business the cash injection would give the struggling company enough money to trade through to the end of 2020 its chief executive calls the proposals pragmatic but admits they are the outcome that it wanted. one of the most instagram of all places in the world of the mountains and fjords of no white and once those photos are on insta the hordes of tourists followed now enti

we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were now i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're really settling in for a long term battle turkish finance minister bet on by iraq says he expects shopper interest rate cuts from the central bank claim such moves will bring down inflation many investors worry about the independence of turkey's central bank finance minister is the son in the war of president richard ty a better one who's pushed for lower interest rates to jumpstart the economy alice say lowering interest rates to fight inflation makes little sense in turkish lira weaken slightly after about ox comments. by a has

new approach now by china the government in china is boosting its specially artificial intelligence what exactly are they doing and could that be a model for european companies it could be a model in some ways they there's a lot of state support that's one thing that is more problematic in europe than previously and a lot of it is used for security which may not be an ideal model for many european governments as well but at the same time there's a sort of a flexibility and there's an energy about the innovation sector in china and the way the tracks venture capital and the way money is invested that is definitely something that we could probably learn here in europe there are also challenges though that china is facing. i would rather well there's we've seen the the trade war is probably the chief form some of its national champions in terms of technological advance like qual way are under a lot of pressure and are from the us there's a lot of pressure on intellectual property and about where china is getting its ideas from i think china likes to absorb ideas that there is copying going

and china in artificial intelligence yeah. but i'm wary about reporting yes it's germany's minister for economic affairs is getting a free ride in san francisco peter out my is visiting zeus start up that develop software for thomas driving a few clicks on the soup step and moments later the minister is off for a test drive in one of the start up self driving prototypes but for now he's taken the backseat to employees keep a watchful eye safety 1st of course just 20 short minutes later my hour reemergence and is impressed. that was the 1st time in my life that i was driving fully autonomous li through a city but it was really impressive what technology is capable of artificial intelligence and modern sensor technology which a lot of was actually researched and developed in germany i firmly believe that this technology will make tremendous progress in the near future and that's why it is important that germany states positioned in the front of these developments minister of my is visiting soups and handful of other companies in

membership now prefer to look to china. says europe has lost out on some economic opportunities he shows us the plans for the new pelias schatz bridge in croatia it will connect the southern coastline with the rest of the country even an e.u. member of croatia the china road and bridge corporation snapped up the contract beijing is planning a total of 900000000000 euros for its new silk road and wants to do a great deal in the balkans regardless of the implications. well one of the problems china's economy is facing is over the reputation for poor workmanship and that even applies to some of of its most sophisticated products like newell passenger trains the china rail $200.00 j. was launched a great fanfare and january connecting cities over existing tracks at speeds of up to 200 kilometers per hour but $21.00 of the $23.00 engines produced in the dolly on factory have already broken down that's a 91 percent failure rate and that's it from me and the business here in. the d w news is coming up right after this and right af

to chinese news agency shin watch it's about time because weak industrial numbers out of china have renewed fears that demand for chinese goods is beginning to fall off thanks to the trade conflict with us the producer prices index important there on the top of the industrial sector a sector that measures the cost of goods at the factory gate came in a 0 in june that's hard for 4 point drop from the previous month the weakest result in the last 3 years and that's also bad news from the car industry sales have been falling for 12 consecutive months. that's very business correspondent andrea hang from singapore where is this the 1st results of the trade conflict. well the trade conflict is only house responsible for what's happening in china with these numbers now there are 2 other 2 that 2 other push factors number one inflation now china has imposed some cooling measures to those producer prices that you mentioned but no there is no there's a worry that there's a bit of there's a bit lacking of an inflation especially with food inflation and that could lead to a deflation instead nu

news one from up next china. tech stock index to rival the nasdaq that's next on business will be here with that stick around i knew she would like to have your cup of. earth. home. of species. worth saving. given those are big changes and most start with small steps but global ideas tell stories of creative people and innovative projects around the world. but news that comes close to stop creating solutions and the 1st issue. could turn to content teaching the next generation of mental to touch on. music channels available to people to catch up and most are turning to doing something here for the next generation. the environment series of global 3000. a star is born china's answer to u.s. tech stocks index nasdaq is off to a stellar start but surging stock prices creating several new billionaires but analysts warn that the star market yet come barreling down to earth. also coming up norway's says it wants its sovereign wealth fund to become green but environmentalists say that's just lip service either way the f

you know africa many are now worried the trade war between china and the u.s. could affect the continent smaller and poorer countries hardest of all africa is heavily dependent on global trade and in particular on raw materials exports prices for resources like oil sink when china's economy loses steam and its demand for crude oil. that's especially true for north africa gross domestic product growth collapsed during last raw material slump in 2014 and after recovering it's back in the doldrums again the east africa offers a complete contrast it's the fastest growing region on the continent and growth remains stable at 6 percent this year. countries like kenya and ethiopia are driving the boom both of managed to diversify their economies set at manufacturing bases understandably so their own banking structures economists say that makes them more robust especially when crisis strikes. let's talk about this with to be our larkham one of john's minister your rival she is a senior economist at the guy institute for african affairs in hamburg to be here how dangerou

tone from the previous talks china is now confident and ready for a longer fight on the surface china will keep sending good wills to break the deadlock of the trade talks but deep in there my understand that china must rely on its almost a demand potential including vast countryside to manage the new risks and new challenges now if you say turning a crisis into opportunity how is beijing hoping to achieve that. interestingly minutes after the meeting of the politburo was published took it to twitter he said that china was supposed to start buying our agricultural products now knows they're doing so it's clear that farm products especially soybean is donald trump's weak point so even though the chinese media said china has bought 2000000 tonnes of soybean from the us but actually in fact those were all purchases and the number is far less so china can use it as a very a card that they have because it's a big problem for if you cannot have the american farmer support to win the 2020 and to buy or not to buy that. ok but of course at the same time this conflict is also weighing on chine

share was equivalent to 18 percent of china's total g.d.p. share in 1970 but by 2018 this number fell to 2.6 percent of china's g.d.p. so are many analysts believe that the city has experienced this slow motion seach from beijing that is china trying to make large investments in other business hops for example like the city of send to nurture hong kong input for the country's political economy we recently reported that investors are gradually withdrawing money from homegrown juju fear of beijing's influence what what is the situation there now. well it's happening quietly and slowly no major company dares to speak out for fear of angering the chinese government but there is this wave of concerns freddy into the community many international investors they really warry because they used to think that hong kong is a safe base for them to do business in china but if the hong kong government they cannot promise to actually drop that extradition deal then a lot of companies they might leave hong kong for other destinations what about the tourism in

china now requires most vehicles to meet that standard and we know now 5 percent of china's cars i eat cars and beijing plans for a car to make up 20 percent of its old vehicles by 2025 so it seemed to be a big market and very good business but we have to understand that 95 percent of the car market are controlled by a national car makers foreign car makers has not been able to make inroads in the united the market so thank you very much for giving us the lowdown on those low cost so thank you very much of images like these snakes one of massive trucks might not be what you think of when you think of protecting the environment researchers in sweden beg to differ they're working on a new system that will help loam whole truck is slash the c o 2 emissions but the the in use help to do that. the main problem with electric drive trucks is that their range is just far too low researchers near stockholm might have an answer they've developed the world's 1st test road for rail based electric trucks. the truck gets its electricity from this trial in future this electricity would come from rene

and china fizzle out. the stock markets wobble as investors await what could be the u.s. federal reserve's 1st interest rate cut in over a decade. and drinking water covering the year's drought stricken city of chennai else fails then bring in the precious cargo via rail. and then has one place to business the reality couldn't be any different chinese state media describes the trade talks as constructive today's meeting in shanghai only lasted a few hours and the americans said goodbye all they could basically agree upon was the next date in september in the us. a few pleasant smiles and exchange of niceties then u.s. trade representative robert light ties are in treasury secretary stephen minucci got down to business with chinese vice premier heard. there was little expectation of an agreement being reached before hand found the likelihood of that probably wasn't helped by the coinciding harsh criticism of china's economic policies 5 president trump one of his complaints that china makes promises but fails to follow through. and beijing wasted no time in responding and i

economic policies by president trump one of his complaints that china makes promises but fails to follow through and beijing wasted no time in responding and what our new teams will mean i think it's meaningless for the u.s. to pursue these maximum pressure tactics when someone is ill it's useless to ask someone else to take the medicine believe the us should show more sincerity in good faith when it comes to trade negotiations. the 2 sides positions appear to be hardening the white house has already impose tariffs on half of chinese imports and has threatened to go further china has hit back with its own tariffs the result levies on 300 $60000000000.00 into a trade hitting the economies of both parties. anyone who had hoped that the 2 sides who come together on wednesday was left disappointed when the doors were open data for hours a quick photo opportunity was all that was left to do the american delegation departed for the airport with nothing more to say. business consultant andrew day has been following the talks for us and the both sides are talking again we've got that and they're

china trade disputes. every 3 months japan the central bank carries out its 10 can survey of business sentiment the latest shows the country's manufacturers are in need of a lift each survey produces an index figure calculated by subtracting the percentage of businesses who say conditions are unfavorable for the percentage saying their favorable back in march large scale manufacturing had an index of plus 12 this time it slipped to plus 7 past lower than economists had predicted and the lowest since september 26th seem. the survey covers a period just before the weekend's kodi all meeting between presidents trump and she the resulting announcement that u.s. china trade talks will restart should give manufacturers a boost however they'll still have to contend with slowing global demand. a positive from this quarter's tank can result is that service sector sentiment is improving companies are planning to continue their spending plans suggesting solid domestic demand may at least be taking some of the weight

a welcome to do business asia want to jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a spectacular start today share prices soaring one company angy microelectronics technology jumped by more than 400 percent the so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors and missed it on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticized for high levels of speculative activity and a lack of governance. lots to talk about and i'm happy to have a reporter cliff it couldn't here with me in the studio who knows china and who is take a closer look at this new take a market and mazing launch to the stock market what explains such success on day one well it's only 2015 that we there were billions lost and investors really took a pasting back in china so what we're seeing now is a very significant event in that way and it's only it's basically grossest i

membership now prefer to look to china. but says europe has lost out on some economic opportunities he shows us the plans for the new pelias schatz bridge in croatia it will connect the southern coastline with the rest of the country even an e.u. member of croatia the china road and bridge corporation snapped up the contract beijing is planning a total of 900000000000 euros for its new silk road and wants to do a great deal in the balkans regardless of the implications. and that's it for me on the business of the limo business news notices back on stores unusual. business staging though d.w. business not business rather than news hour is next. to. where i come from we have to fight for a free press i was born and raised in the meantime the thanks are shipped with just one to the shadow and a few in his face for us one official information as a journalist i have work almost as friends not many can trust and the problems are all the same 14 the social inequality a lack of the freedom of the press. go up should work on the far

doom and gloom a number of factors are at play for one there are global issues an economic slowdown in china uncertainty surrounding brac there's the race to drive new technologies the crackdown on diesel continues. but there are home grown problems too mainly concerning this man car last grown the former nissan chairman has been embroiled in a downhill which has seen him accused of financial misconduct. the case has caused a further dent in an already shaky alliance with french carmaker ran no and japan's mitsubishi. between rising economic uncertainty and strained relationships nissan's workers are now bracing for news of who has to hasn't made the costs. the european central bank has kept interest rates unchanged leaving its benchmark refinancing rates at a historic low hero percent a hotly anticipated decision comes amid an ongoing battle to kickstart growth and race inflation in the euro zone business confidence keeps falling on fears of a slowdown and continuing uncertainty over breaks in the euro rose on the decision after hitting a 2 month slow earlier today. and for more i'm joined

and as china threatens to brace for tight tree tops on u.s. soil brazilian farmers step up to the plate. let's do business 1st italy now greece is on a collision course with the european union over its budget but using sworn in government in athens says it will stick to its campaign promise of tax relief but that could mean breaking the truck budget conditions imposed as part of the country's rescue program. it's a comeback 1st center right new democracy. it's election promises got the party the votes it needed the new cabinet says it's ready to get to work. we would go ahead with relieving the tax burden on households and businesses we will promote production productivity competitiveness quality at up to belittle and an outward looking approach of our economy. the new government says it wants growth and it needs investors to help with that that's why it's planning to reduce taxes for businesses and ordinary people but while its plan may have found success in greece the new administration in athens still needs to convince brussels the greek go

more infrastructure spending it wants to boost flagging growth rates and create jobs it's about time china has not leap frogged india is the world's fastest growing major economy with unemployment in asia biggest economy at its highest since the 1970 s. . india's finance minister laid out her plans to double the size of the economy a campaign promise of prime minister number and remoting peterson ready within our capacity to reach the prize clearly a new restaurant in the next. we need to invest savingly in infrastructure in digital economy and on job creation in small and medium forms india has been striving to modernize its economy but with unemployment at levels not seen since the early 1970 s. more needs to be done. the government's plan calls for new foreign direct investment in sectors like aviation media and insurance a cash injection for banks aims to end a credit crunch and there'll be tax relief for startups moves analysts say could boost the broader economy. if the macro numbers improve and things become more conducive to the money will flow to the broader market as well it's an

dollars to china's export import bank equivalent to about one 4th of its g.d.p. but the chinese say it's increasing footprint in the south pacific is nothing to worry about nevertheless after western allies overlook the south pacific as a somewhat sleepy neighbor to a stray or new zealand and the united states they're now responding in an effort to check growing chinese influence after cyclon destroyed congress historic parliament house last year the government 1st suggested china might pay to rebuild it then new zealand stepped in and now considering jointly funding the project. abas is on course to overtake boeing the european plane maker has already made more deliveries the 1st half of this year thanks to keen interest from china actually carrier and china has just ordered 20 new a 358 from the european plane maker a deal worth some 6000000000 euros is the latest sign that boss is expanding its foothold in the chinese market where local carriers are. more interest in european planes and some past the trade tensions with the us. meanwhile competitor boeing has

hello welcome to business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba. a dream start for china's new stock market some $25.00 companies began trading on the new nasdaq style tech board in shanghai with one logging a 400 percent advance what china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the u.s. . a welcome to the business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba start today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors listed on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticize

european countries are all too willing helpers in china's strategy to dominate the global spec industry. and sanctions want sanctions as iran's currency exports are being hit the stock market in tehran is thriving. is the business as welcome but 1st will christine legarde become the next chief of the european central bank e.u. leaders in brussels are still tousling over who will get the top jobs in the union today is already marks the 3rd day of deliberations with so far little results and little unity over who should head the european commission or become its top diplomat but is there no a breakthrough over who could become the new president of the european central bank with a leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based on a doozy what are you hearing there in frankfurt would she be a good choice. she would definitely had to have the right credentials gary hart with her background as a french finance minister who never gaited her country throug

in dealings with china it says western firms could lose their competitive edge. electric batteries bring the point home 7 ide of 10 of the world's biggest makers come from china. leaving european firms scrambling to catch up. with the studio is on a host most she conducted this study at the macarthur institute and i welcome to the studio this study is pretty grim reading for people here in europe what is be doing so ultimately go world domination or should we worried about this well as the ultimate goal clear is technological leadership on a global scale however we're not talking about technological leadership in every single aspect of technology and so you really see a difference in china's approach where the got to let's say more traditional high tech areas for instance and the ation in these areas china's content with chests developing the rest of have abilities that are sufficiently good so to say the products the components that acknowledge she does not need to be you know state of the art but sufficiently good a different story needs to be told in the in th

president trumps ongoing fights with china the e.u. and even his north american neighbors any criticism of trump's policies might have been inappropriate for a fed chairman but trump himself had on relentlessly attacked the fed's policies demanding larger rate cuts to support pledging to act as appropriate to sustain the expansion of the fed signaled possible future rate cuts for the benefit wall street however did not immediately react as such action had been widely expected. and let's go now to our financial correspondent jose luis de haro in new york who is it there you are so the decision finally made how are the markets reacting. you know it will stephen especially after listening to your own paul giving context . was more hawkish and done investors anticipated he was a very clear estate in just a minute cycle policy adjustment meaning it's different from the start of a long cut inside goal as we saw for example in 2007 obviously did not see it well with the investors who we are still seeing i believe 2 more rate cuts before the y