amazing perspective a new understanding of how the leaders of the engine settlements and all of them my own stability. scientists hope the discovery will shed new light on the mayans who consider this huge cave sacred. quite spectacular save a did the news of monica jones is coming back coming for you and she has a business fact coming up very shortly you're watching the news coming to you live from berlin. when i'm traveling to be comfortable. but i also want to stay up to date on the latest news events.

and d.-w. make that part of traveling easy because it's available and thousands of hotels resorts and cruise ships worldwide. or have you found a domain signing on the subject that shows d w in your room you can learn a great price or two d. w. dot com travel questions. at the. apple wants to pay taxes and the reason donald trump's u.s. tax reform well the take giant says it will call for taxes on around two hundred fifty billion dollars in overseas cash and create thousands of jobs in the united states. also. coming up

a beijing released better than expected growth figures today adding stronger exports and infrastructure investments to the economy we get some analysis from the marketer institute for china studies. welcome to your business and we're starting with some good news for air bus that's just in emirates airlines has announced it would buy twenty a three eighty super jumbos with an option of sixteen more the deal is worth sixteen billion dollars and comes as a big relief for the european aircraft maker earlier this week abas c.e.o. old john lee he had admitted the a three eighty program would have to be discontinued if a deal with dubai based emirates didn't happen soon the a three eighty the largest passenger plane in the world has proven to be too big for many carriers toting airbus proudest project into a nightmare for the company. but tech giant apple says it will pay thirty eight

billion dollars in u.s. taxes and create thousands of new jobs in the u.s. under a new five year investment plan the tax bill stems from the more than two hundred fifty billion dollars in overseas cash held by the take giant well that is more than portugal's amul g.d.p. by the way and it's things that apple refused to bring back to the u.s. under the previous higher corporate tax rate the company says its thirty billion dollars capital investment plan will create twenty thousand new jobs. looks like donald trump's tax reform is having some impact after all and my colleague to ponder who took a close look at this development first of all to paul not me what does apple's move mean for the u.s. economy i guess that's donald trump and he's a ministration will be more than pleased well obviously it is good news for the trump administration and of course for the u.s. economy we're talking about twenty five thousand jobs that an apple has announced

and of course they also say that they plan to invest three hundred fifty billion dollars over the next five years a whole lot of money. this is great news for them because obviously for success it shows that they are tax reform is working its what he said exactly american companies are taking money back to the u.s. of course is a thirty eight billion tax bill on that money it's called a reputed tree ation bill that's what it's called and i was going to be paying that and that's also money for americans as well so the government gets to spend that money so there's a lot of money involved and that's a good thing when you are getting it that was the case that that's the point because the money is will be taken out of some way in order to go back to the united states and when it comes to apple i mean. it's still owes a lot of money into taxes certainly to ireland thirteen billion euros and it's always that for several years now. are there any is there you correlation between

what's happening now and the impact in ireland there is some correlation so the e.u. wants to pay island fifteen or thirteen billion dollars in back taxes island doesn't want the money because obviously they were giving a lower tax bill because it gave them a competitive edge but the e.u. has argued that they want e.u. countries to compete on the same level so island has felt that that's unfair because obviously they want to come to maintain this. competitive edge and that's been the main issue the fact that our poll is taking two hundred fifty two billion dollars or so well most of it isn't actually an island back to the u.s. means island can go back to the e.u. and say well told you so now they're taking money out of the e.u. and we're losing this competitive advantage that we've had so obviously this is a good thing for island because it strengthens its argument against the e.u.

well the interesting scenario of the country would not want to receive tax payments but staying with the european union i mean where does it leave it in terms of competitiveness because the tax breaks of the tax reform in the united states in terms of corporate tax that's no really is it it's not about low but the fact is that apple would have still had to pay fifteen point five percent percent it's paying on this two hundred fifty something billion dollars and that's the main issue so they have still had to pay it even if they left the money outside the country now they're taking the money back because they know that tax cold in the u.s. is not going to change we don't know what's going to happen in ireland we don't know what's going to happen in the e.u. for the next couple of years so apple is basically avoiding the risk and for the e.u. that's a bad thing because obviously it means it's losing its competitive advantage at least when it comes to companies that can put their money in the u.s. certainly we'll have to keep an eye on that but for now to bond thank you so much

for taking a close look at that situation. well turning to china which manages to impress yet again fresh data shows its g.d.p. grew by six point nine percent in twenty seventeen exceeding many experts forecasts and a moment we'll talk to a china analyst about the asian powerhouses potential but first some facts and figures. china remains one of the world's most powerful economic engines its booming growth over the past decade has easily outpaced recent growth in the u.s. . over the past ten years china's share of global output rose from eleven to eighteen percent other emerging markets are also grabbing larger shares of the global economy the trend is reversed in the u.s. which slipped from eighteen to fifteen percent. china's flourishing export market is one reason for its strong growth. the country's building boom has provided in additional boost and not only are chinese earning more money than in the past

they're spending it. consumption is on the rise benefiting the retail sector and the real estate market. companies are investing in production to feed the growing demand for goods from china. but the biggest investor is the government especially in infrastructure nearly a trillion dollars have been earmarked for the one build one road initiative and ambitious project to develop trade corridors to central asia the middle east and europe. so impressive numbers there certainly and for more i'm joined by maximillian counterfeited economic analyst at the macarthur institute for china studies good to have you with us and i'd like to first of all pick up on the very last point that we had in this report's namely that public spending government investment specifically in infrastructure is playing a major role in china how important is it for the chinese economy well first of all

thank you for having me now in the in the last quarter we've seen a shift towards more consumption driven growth infrastructure inspect investment is still very important is still a very large part of the group is to grow from thirty percent to the for the whole year but we have seen a slowdown in infrastructure spending especially compared to two thousand and fifteen levels when it was roughly fifty percent of growth now six point nine percent is the g.d.p. growth that the numbers that were released today by by china how important is growth for the country it's definitely important the chinese have said some pretty high have goals for themselves which seem to reach by twenty or twenty specifically the doubling of g.d.p. in income compared to twenty twenty levels of two with two thousand and ten levels but but what level of growth is actually desirable for beijing well i think they would like a reasonably high levels so our calculations have indicated that they need to reach

something around six point four percent for every consecutive year up until twenty twenty twenty to reach these targets and obviously the higher growth you have the more leeway you have to make reforms to. supply side reforms environmental reforms and also to deal with china's large debts. problem all right about to problems look into that in just a second but there's obviously also a shift in the way that china operates and the economy from for many many years it was the will switch shop and china no longer wants to be that it wants to turn towards a high take society and economy and that transition takes some time less quantity more quality how do you see that playing out well this is a policy that of london during and during the early in the year by xi jinping and what they're aiming for here is to shift to. think the high tech sector to have more inclusive growth that is as they say but i think to some extent this is

a truth this two purposes of this is also a nice way of packaging a transition to slightly lower growth to frame it in more positive terms. in terms of something dropped here quite surprising we've seen that out found direct investment has slumped significantly actually and for the first time in almost a decade what's behind china lost its appetite acquiring companies all over the world but wouldn't say so companies certainly haven't and the chinese government have actually had to step in and prohibit foreign chinese company and the process from purchasing various assets across overseas companies like for some. dolly and one giant h. and they have been buying hotels airports and golf clubs and all kinds of things overseas so the honeys governments have stepped in and they've said we were create what you buying high tech enterprises but we don't want you to buy things such as

golf clubs and movie studios because there's no benefit to there for the chinese economy the long run just briefly how healthy is the chinese economy in your view i would say that the chinese economy is healthy as a whole but there are some very serious problems particularly the problem with with debts and you see that the. whose economy is not utilizing credit in a very efficient way so. incremental g.d.p. has been generated for one unit one additional unit of credit has been decreasing steadily ever since the financial crisis ok so there are some clouds on the horizon . economic analyst at the institute for china studies thank you so much thank you for having me. and that brings us to the end of business update here on d w i'm going to get john's thanks for keeping me company and don't forget to take our defeat from we'll see you soon.

going to. europe. unite. to find. what binds the continent to our goal right answers and stories of.

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