the causes of their decline the researchers are calling for storage of measures before germany's natural environment suffers serious damage. you're watching news still to come on the program they are leaving and drove companies flee catalonia as spain's political crisis escalates with madrid threatening boycotts can the region afford to go it alone. all that more in just a few minutes time it will be business news with ben physical and he will see you then thanks for watching and seroquel in berlin we'll see who gets. to. take a trip to a world of boundless ambition. the young entrepreneurs eager to tackle global

challenges and. join should just that's not a german entrepreneur award winner two thousand and fifteen as he travels through asia looking for the next big business idea. big trouble big he was really a passionate about because you're going to stick to this for a long time and it's something you don't we like them it's hard to keep on pressing our ten part series founders rally starting october twenty third on g.w. . the power struggle in spain intensifies madrid says it will seize some of the catalan regional government's power as investors are again on edge. a game of chinese checkers china's latest growth to make president xi look great but is he

fudging the figures. and is the reform friendly president businesses all warm and fuzzy about forms labor market overhaul. and fizzle and let's do business spain is one of the euro zone's main economies and it said to enter uncharted political waters that's weighing on european stocks they lost about half a percent on the day but there is a winner in all this flag makers produces it going full tilt to satisfy growing demand from both sides of the secession dispute the rallies of only grown in recent weeks but the political uncertainty is bad for most other business. it started with the banks now hundreds of medium sized companies have either left or are considering leaving the region since the independence referendum they include financial institutions like i shot down utilities company guys not around and sparkling wine maker fresh anette spain's economic minister blames the cattle and

regional government for the exodus the population is growing uneasy still he's not afraid of a run on the banks. out there that's the two dollars catalonian money institutes are both protected by the safety mechanisms of the european central bank the spanish guarantee fund and the federal government and that's why we don't think there will be any limits on the money that the customers can withdraw. the firms pulling out site turnover as their main reason for departure with spain their most important market they fear a catalan declaration of independence could lead to the country boycotting kettleman products independence for catalonia could have a detrimental effect on the ailing spanish economy to catalonia is the industrial heartland of spain the region generates a fifth of the country's economic output. chinese economic growth slowed marginally in the third quarter six point eight percent isn't all that bad slightly down the

previous quarters but on target for the year as a whole despite that indicating stability the national statistics agency wants a volatility it says the economy is at a crucial stage of restructuring and china's central bank is warning about a sudden collapse in asset prices up to so much growth maybe the economy could help that's all the talk at this week's communist party congress but critics say they've heard that a fall. it's a project that typifies the extent and speed of china's growth in just two years time this building site in beijing will house what could be the world's largest airports at twelve billion dollar investment that comes as chinese president xi jinping hailed a new economic era it's all about looking outward freedom which will push forward a new situation of complete openness openness brings progress closing yourself off

will inevitably lead to falling behind china's open door will never close it will only be opened further. but critics say the door is far from open many foreign companies complain about the difficulty of accessing the chinese market and accuse the government of failing to implement necessary reforms. one big issue the government is trying to tackle however is soaring desks the sum total of what china owes is now valued at two hundred forty six percent of its g.d.p. that sparked fears of a financial collapse for the world's second largest economy the true cost of debt fuelled growth has yet to be revealed let's analyze this with the european perspective from frankfurt conrad joins us now financial correspondent how justified are the fears of financial collapse remembering of course. it would be an even more worrying situation if china were the world's top economy which it could

be. well economists find a lot of reasons why those fears should not be exaggerated we're talking mostly about domestic debt the chinese are great savers so the fundamentals of the economy look quite resist quite resistant and resilient and there are a few more reasons ben but i know this is a platitude but the markets are driven by psychology and it's very difficult to read and predict the undercurrents of the common mind of investors remember how last year at the beginning of twenty sixteen the markets the i could see markets in china slumped and everyone in the world became nervous because of that so i guess it's really worth taking a very close look at what's going on in beijing well investors the moment are taking a very close look at what's going on in beijing could you describe what's going on as being akin to perform. well.

the talk about reform in beijing of course like everything coming out of china should be taken with a great grain of salt everyone knows that the president of china talks about a more open economy the reality in business looks quite different that's the same with the growth numbers coming out of china china has a long story and history of doctoring its economic data but the mere fact that for example this data more or less comes in line with what had been predicted by the government in beijing is reassuring for markets and we have to live with that i guess who come on let's have a listen in to one investor he's based in beijing and had some very interesting things to say about as far as access goes for foreign firms in china. well we've

heard these these talks and i think all those who are holding the speeches especially the governor of the central bank are probably convinced that that's the way to go but what we see on the ground is that reform state owned enterprise reform is not happening actually at the contrary we're creating more and more gigantic monopolies like a railway or in shipping. there's increased pressure to repatriate date therefore foreign companies in order to have them all in china you have issues about the car market where you have none protection i mean you have more or less protectionist measures were going to be implemented so all this is very worrying and the mood of our foreign businesses has turned from eldorado to a more much more complicated situation so conrad are we going to be left with a much more complicated global financial structure if china's in control.

that was tough talk from the man on the ground invading and i guess that we should rather see corporation with the chinese of course nobody wants to china to be in control nobody wants a state like george orwell's one thousand nine hundred eighty four governing the rest of the word but what choice do we have we have to see corporation and talk carbo's in there in frankfurt thank you very much another nation under pressure to reform is france president obama core signed his contentious labor market reform into law last month it aims to drive down unemployment by making it easier to hire and fire trade unions call it an attack on workers' rights or to businesses think. here in the heart of paris guy tommaso works tirelessly all day every day

washing painting and repairing to ensure his business is a success. so teamed up with two other friends from the suburbs to found a rather original kind of start up a sneaker care service mazower expects a man or woman called selection as the new president of france to give his business a boost. supports young entrepreneurs in school i always got the impression that i was expected to just find a job and subordinate myself to some bosses but my caller said don't look for a job look for customers. with you know. hiring staff to service sneakers is expensive plus getting into a conflict with employees can seriously harm a small business operation. french labor laws are very employee friendly and it makes it almost impossible to fire them. butcher session for

example has lost several court cases against staff now he's much more careful. oh my goodness you don't think it's as if you're married to them. and it's hard to break up one of them. every time you have to pay significant compensation and ensure that they get vocational training that they don't play you that's a major burden for a small business i think if you put the point that you don't focus well. but the unions insist on the stipulations if labor law work to be softened they say big companies would exploit the situation to hire younger staff and. the unions are concerned that my call is a big to business friendly. and all will be long wants to exempt big companies from having to report profits are under broad that means they can

declare french profits by a branches abroad it isn't difficult then they say they've made losses in france so they can fire people and then employee is it will be unable to go to court to demand compensation that i bought the football he plays. guitar has never wanted to work for another company he's part of the young creative and hard working friends that president might call envisions and that more and more french people are identifying with. all those sneakers of my business.

laundry guy international talk show for journalists discuss the topic of the week the right wing politics in europe has a new face sébastien courts one austria's recent election by taking the venerable people's party to the right what does that mean for europe to find out the quadriga

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