italy among. friends arena will provide a friendly atmosphere for the swedes they know if the italians are playing for their world cup lives the return match in italy will be in a much more difficult atmosphere. it is time to remind you of our top story this hour saudi arabia kuwait and bahrain of all of their citizens to leave lebanon and discourage future travel and meanwhile officials in beirut have demanded the return from lack of lebanon's former prime minister and suspect he's being held back after his surprise resignation last week. on i don't with your business update is on the way of the day. where i come from we have to fight for a free press i was born and raised in a military dictatorship with just one t.v. shadow and if you newspapers when official information as a journalist i have worked on the streets of many congress and their lives are

always the same for do social inequality a lack of the freedom of the press. corruption gun afford to stay silent when it comes to the fans of the humans and see them why do fools who have decided to put their trust in us. my name is johnny carson and i work a d.-w. . to. trump and she the most powerful leaders of the world facing each other at the apec summit in vietnam one carrying the message of america on the other promoting free trade saying globalization is an irreversible historical trend . also coming up after trump's visit to china beijing announces it will ease some

restrictions on foreign direct investment we'll talk to a man at the front with stock exchange. the united states implements against businesses in cuba a move that can also hit american tourists. welcome to do business. u.s. president donald trump is in vietnam where he's been stressing his america first message when it comes to trading at the apec summit off asia pacific leaders he said he has to open bilateral free trade talks with all of them but he said the u.s. would not tolerate what he calls chronic trade abuses with the region pushing ahead with a free trade deal without the u.s. policy could make him the ottoman out. during the apec forum in done us president donald trump stressed america's economic success under his leadership . a new optimism has swept all across our country

economic growth has reached three point two percent and going higher unemployment is at its lowest level in seventeen years. but directly after that trump expressed his displeasure with the supposedly unfair business practices and games the u.s. they ignored the rules to gain advantage over those who followed the rules causing enormous to store shims in commerce and threatening the foundations of international tray. china's president xi jinping couldn't let that lie and challenge trumps comments albeit indirectly by expressing his support for free trade. over the last few decades economic globalization has contributed significantly to global growth indeed it's become an

irreversible historical trend. at the beginning of the year trumps administration decided not to take part in the planned transpacific partnership. but according to the countries that remain. is on the way regardless of the u.s. decision. i believe that that's the best way for our store generate wealth. and when when for everybody concerned. now that america has taken the position to withdraw we respect that decision but eleven countries that by japan were trying to come up with a new version. just how much the t p p negotiations will progress is still unclear japan says there's a deal in place canada denies it the apec summit in vietnam would certainly provide

a way the framework for its. for more on that whole story i'm joined now by nicholas castle's from the j.f.k. institute on north american studies good to have you with us so that's quite an interesting set up we're seeing here on the one hand a not very diplomatic u.s. president on the other a chinese president who is a seaman opened up to two markets and embracing them how much of all that rhetoric rings true to you. well donald trump is that's just rhetoric that is having made two hundred fifty billion dollars in trade deals with china just you know the day before yesterday. he's now refusing to actually take the one power that's responsible for the mess of north american asia trip deficit so he's talking basically to the world crowd and he knows that but he needs to talk to them because

his electorate at home needs to hear him fight for what he calls fair trade at the same time at the same time he is very much under fire at home because of the f.b.i. investigations into alleged russian interference you know actually it's not going away that quickly that's not going away any time soon so he needed to bring something juicy back home that's china he needs to stay true to his rhetoric that's now the optics summit in so that is where we are so trump is playing to his home base is home and crowded and he is returning with a two hundred fifty billion dollars business deal with china what's china getting out of this that's very interesting because two years ago china unpacked its currency the renminbi from from the u.s. dollar so now when the dollar goes up there and he doesn't doesn't react as strongly and because of the resulting devaluation particularly chinese holders of us went on a spending spree china consequentially imposed some restrictions on these invest.

because many of them were going to roy and no china actually has some solid investment opportunities especially in alaskan oil where the cac investment fund and the bank of china. round about forty billion dollars china has smarted a president who last stretch strategic focus in the region well china also a lot of people saying that is strengthened because president a while ago decided to pull the united states out of the trans-pacific partnership t p p which as we just heard in this report the remaining nations they're still struggling to somehow get this deal off the ground what are they struggling with they don't have a leader the u.s. is the biggest economy china second. not even a close second and the idea back in the day when the obama administration pushed forty p.-p. was to outweigh china in the pacific on both fronts and security policy as well as

trade because you know they follow both routes at the same time that's why it's called a strategy with the u.s. having pulled out the remaining nations lek this leader and like the vision of saying what do you actually want from t p p t p p used to have a purpose it doesn't know ok and it's unlikely that to morrow at the asean summit in manila we'll be able to actually. gain the trust of leaders there to come up with you know it's difficult for them to find direction because as you mentioned the leader there is missing right now and you can ask there from the j.f.k. institute a north american studies thank you so much. of course we use the e.u. in the united states of criticize china for its restrictions on foreign investment in the finance sector now china is gradually opening up the industry according to the country's finance ministry foreign entities will now be allowed to own the majority in banks asset management and security up to fifty one percent instead of

the previous cap of forty nine percent and in three years all the restrictions on foreign entities will be lifted the chinese government says this is the right time to liberalize the financial sector. that is certainly something that to my colleague at the frankfurt stock exchange daniel corp was listening to very closely daniel why is now such a good time to liberalize the chinese market. while i feel monica that this again has to do a lot with donald trump and his latest politics because of course china has had this impaired for image for a long time to do very difficult to be very difficult when it comes to foreign investors and i do feel that they are just that they just waited for the moment you know at the time you know when they are saying well basically forget all the commons that we have made in the past investors do have the feeling at the moment

it is rather difficult to do business with the united states because of all this protectionism forget everything what we have done in the past and now it's time to do business with china and i think that's why we are seeing those changes and those comments ok so if now is the time to do business with china we're so far what were the biggest hurdles for foreign investors in china. well there were many challenges that are investors were facing when doing business with china this already started doing a simple wire transfer from europe to china can be very a challenge this continues also just look taining a visa for people that want to work in china this was a process that could that could take months sometimes even years and of course also the language i mean i was just in beijing a few months ago and really just you know speaking english and german and know chinese that sometimes even hard to go with

a taxi from one point to the other this is always you know that investors have also criticized also finding really well trained personnel in the future was always a change it was always a challenge so in really in order to make china more attractive for investors they still have a lot of homework to do. in frankfurt there for us thank you so much. well i'm sure you're all familiar with the jedi knights off a science fiction blockbuster style waltz well they've now been granted a new mission after saving civilization from imminent destruction and space and all tasked with boosting dismiss profits star wars is the most lucrative movie franchise of all time and disney is planning a brand new trilogy on the saga the entertainment giant hopes of more him to get back to the hills will calm nerves about its own moderate quarterly earnings profits were lower than expected to be cable and film divisions disney blames

competition from streaming service netflix it's now planning its own streaming service and exactly when the new star wars trilogy will begin is north korea. and the just a reminder of our top story donald trump and china's president xi jinping both appeared at the apec summit in vietnam one promoting america first while the other one stated globalization is an irreversible historical trend now you're up to date on the latest business year on d w thank you very much for watching don't forget to follow us on the social media for more updates and insights and i'll be back with more news in forty five minutes you then.

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