it came as opposition leader rollo didn't get called for mass protests on election day. at a. time for some business china's president is active all over again painting a beautiful picture of the business friendly china which few outsiders recognize his speech to the communist party congress drawing skepticism from abroad. also coming up businesses in china beware the country is cracking down on v.p.n. which many use to safely transfer that data. i'm daniel winter and this is your business news update welcome to the program in his speech of the communist party congress on wednesday she promised to protect the rights of foreign investors saying all businesses will be treated equally but so far the

reality of doing business in china has yet to catch up with the chinese president's promises. privatization and a more open economy five years ago that was chinese president xi jinping his plan for economic reform. more free market less state control many hope that would mean the break at the state owned companies. opening the door to more private businesses. allowing the currency to float and a fight against corruption. but five years on many are disappointing. and there have been some successes in recent years china's leadership is again promoting economic nationalism. the country's huge state owned enterprises are once again determining the communist party strategy. that's true of many private companies too. and the yuan is largely back under the control of china's

central bank. foreign companies are also dismayed at beijing's about turn xi jinping punished greater access to china's market the promise that hasn't always materialized. in many cases foreigners can only manufacture and market products in the people's republic with the chinese business partner at their side and there are restrictions and getting profits out of the country so many are listening to the speeches at the party congress with more than ten just skepticism. foreign companies inside china prize their secure data connections with their headquarters that way they can keep sensitive information within the sub but now china is set to ban the technology that makes this easier many see it as yet another obstacle to doing business in china. i'm calling is a german company that provides data system consultancy to foreign firms with

operations in china. the beijing government is now planning to block access to virtual private networks all v.p.n. . encrypted connections that tunnel data traffic to a proxy server. b.p.'s cost just a few euros and have become a critical tool for secure communication between foreign based companies and their headquarters. they're also used by millions of individuals to circumvent china's censorship system. because. most of our clients are very concerned. if not horrified upon it. because of how dependent they are come on v.v. ends. for been going on for lawson and. the author of interfered with b.p.'s before especially in the run up to communist party congresses but the regime had appeared wary of enforcing a complete lockdown on v.p. ends probably out of consideration for the business world but in the new year

beijing will order telecoms providers to close the data tells us this is serious this time they mean it and they'll go through with it too. many details remain unclear. but for the european business community in beijing china's internet policy has always been troublesome. we see it as kind of sort of a tax on doing business in china and and that's not good for trying to you what you were looking at creating more productivity more efficiency in the economy certainly ensuring that companies have readily timely and stable access to information is important and it hurts foreign companies even more and there's more in store for those companies a new law on cyber security introduced even more rules to an already highly restricted technology regime certain data may now only be stored on the main one for example for foreign companies in particular the assessments and adjustments involved will be a major burden. in the service ultimately the cyber security law means that

you're not being compliant you can get your company into serious trouble it could even mean the company being closed down or having to disclose all its data and no company want to start this worst immigrants going to. what is already clear is that the new law will make life difficult for small farm based into prizes and prevent others from even starting up here. this man is billionaire investor george soros he's given a whopping eighty billion dollars to his charity the open society foundations that amount represents a huge chunk of the hunt garion of investors well for twenty three billion dollars his charity fund civil society groups that promote education democracy public health the soros isn't alone other american billionaires like bill gates and mark zuckerberg have also donated huge chunks of their wealth. so if he is following

this for us from new york sophie how does sources charitable contributions stack up in the pantheon of big billionaire donations. quite well i would say soros open society from dayton is now the second biggest after gates foundation and would really makes him unique though is that he has the political donor very different from gates who has been funding education and health issues for example and there are not many donors on the left side of the political spectrum i think he's the only one actually of this magnitude on this side who we have mercer for example and the call brothers on the right side but as thorough has always been known for being really bold and sure about his investment on wall street he is quite the same when it comes to his own they should so he basically has strong opinions and acts accordingly no matter what doubling down is his way of investing and often aiding and leading his foundation it seems the open society foundation

has been under a lot of pressure recently from hungary to india and as a statement thoros as just stumbling down and talking of solid foundations the federal reserve has released its snapshot of the u.s. economy what's the outlook. well yes then you know i think the most interesting and important thing is definitely at the end frighten and the quite interesting thing about inflation is that even if they break on a me and the tightest labor market in years that a little to move the needle on inflation the fed correctly right but increase in wages and the cost of materials as modest in this report and no one really seems to know why inflation is just remaining on that low level but the fed two percent inflation target still appears out of rates so the u.s. economy defying expectations but not in the way that they'd like so fishman's can wall street thank you for that. recent conflict around iraq's oil fields is

a fact of the country's ability to take advantage of its resources baghdad hired british oil company b.p. back in two thousand and thirteen to draw a plan to exploit fields in the north of the country the deal was put on hold that's the chaos of fighting so-called islamic state this week iraq's army recovered all fields from kurdish forces now the iraqi government is turning to b.p. once again. these oil fields in kirke of the biofuel both iraqis and kurds they have now been recaptured by the iraqi army the iraqi oil minister is making plans to exploit the fields he asked british oil giant b.p. to help kirk could have as many as nine billion barrels of recoverable oil b.p. is a new here since two thousand and nine it has been helping increase production a trailer one of the world's largest oil fields the fact that the oil fields were

kupchak by iraqi forces dashes the kurdish regions of economic self-sufficiency after a vote for independence in september the current filled account for more than half of the daily production in the kurdish region. the island nation of fiji is a high risk of rising water levels brought about by climate change that pleading for help the head of next month's climate summit in bonn but they're also taking direct action creating debt that institutions can buy now with that money fiji hopes to invest in green initiatives and stem the tide at least for now. they arrived by canoe. the island's residents precious documents in hand desperate pleas for help in paper form fiji is on the brink of being completely destroyed by climate change and this is the man their prime minister who will deliver their pleas to the un climate summit in bonn. and he's brought along some ideas of his

own to. the host. government. and only the third and the. green bones to save such ecological securities are a way of financing environmental and climate protection projects of encouraging investment in things like renewable energies so far they only exist in from and japan. we must. go back to. what has happened in the storm and the level of the. oh never good record of success. countries like fiji need investment and to be taken seriously by industrial nations to roll developing and emerging

economies the ones with high global c o two emissions yet they're the ones suffering the most from the resulting climate change. and that wraps up another business update if you want more you can check us out on twitter and facebook i'll be back with more same time same place same.

people in east africa threatened by starvation what are the causes of the situation . we focus on five specific problem areas. journalistic project tries to find the answers why africa goes green our topic this week on w news online hijacking the news. where i go wrong the news is being hijacked journalism itself has become a scripted reality show. it's not just good versus evil us versus them black and white. in countries like russia china turkey people are told it's that simple

and if you're a journalist there and you try to get beyond that you are facing scare tactics intimidation. and i wonder is that where we're headed as well. my responsibility as a journalist is to get beyond the smoking mirrors it's not just about being fair and balanced or being neutral it's about being true. twenty was born golf and i want to be the other. my name is along that i live by. i'm a mexican conductor. come with me and meet great musicians and friends from all over the world. we're now in paris.