on the program china hosts a trade show in shanghai this week as the government promises to open up the country's economy more ben falloon will have more in just a minute that is coming up here on news i'm sorry kelly in berlin you're up to date thanks for watching have a great day. where i come from we have to fight for a free press and was born and raised in the media telling the painter she would just want to be shot now and if your newspapers when official information as a journalist i have walked off the streets of many characters and their problems are always the same towards you solution inequality a lack of the freedom of the press. corruption work on the floor to stay silent when it comes to the sounds of the humans and see them right through fools who have

decided to put their trust in us. my name is paris and i weren't. even mean. to do that at. china puts on a massive show of economic openness and import trade fair in shanghai full of promises that president xi jinping remains fuzzy on details and to trade or not to trade that's the question for many multinationals doing business with iran new sanctions are in full swing and they could mean big penalties. i mean physical and let's do business the chinese economy continues to flood the world market with cheap exports while importing relatively little is that about to

change will beijing is promising to open its markets in a move that appears to be goodwill the government putting on a lavish import fair to portray the country as a vision of globalization. china presents the typical images you'd expect from a modern dictatorship brilliant light spectacles shanghai by night and singing children with flowers. the architect behind the event is chinese president xi jinping he's flown in numerous heads of state from all over the world. in a world of increasing globalization this lure of the jungle approach where the winner takes all will only lead to a debt and inclusiveness cooperation a mutual benefit the only ways forward. u.s. president donald trump was not at the fair in anger over the high trade plus he slapped punitive tariffs on around half of chinese imports and is threatening with

more china is now making vague promises to open their markets based imports and reduce the surpluses from we're going to china will further lower tariffs improve the level of convenience for customs clearance reduce the institutional costs in the import sector. will accelerate the development of new types of business models such as cross border electronic commerce bargain. china currently exports around five hundred billion dollars worth of goods to the u.s. every year but only imports one hundred sixty five billion dollars. the international exhibitors in shanghai including americans can only hope the import tax is more than just propaganda. material joins us now from shanghai mathias what's the significance of this explore with a trade war raging on. well the first thing you notice about this expo

is that it's different from other expos it doesn't have a clear focus actually a sector of the economy machinery you have cars your food you have a bit of everything everything that china even orders and this is clearly a political expo where these exhibit is they are there to show case china's openness the openness of china's economy as the government wants to see it it is a political export it is a show it wants to promote china as a champion of free trade that's how china sees itself or likes to promote itself it is a bit of a propaganda show these companies doing a good job of showcasing that openness i mean how open is the chinese market becoming while the complaints of the office of business is a foreign business is no and there are lots of restrictions in the chinese market there are sectors that anti only closed for foreign businesses there are rules that

hinder foreign businesses to do their own to set up their own companies they have to find a chinese partner in order to do so certain things there and there are rules where companies fear that they would have to disclose stray secrets if they entered the chinese markets the list is long china has done a few steps has lifted a few of these restrictions but this isn't in and in a very small scale a few tears have been lowered and a few rules have been. opened a bit but overall china's economy remains under tight control of politics exactly that's what i hear time and again from businesses so what do the foreign companies that they're at the show expect from the shark. well this is not really a business event as some people has have told me it is more an event they

use to promote themselves politically and to improve their political relations their relations with the government most of them told me they would not really expect a lot of business going on this year the government has made it clear that it expects them to take part or it has told them that it really wishes them to take on it in this exhibition and i just want to thank our reporter in shanghai mathias bowing out on that import trade show that the chinese are putting on which sounds like more of a show thank you. thank you u.s. sanctions against iran have come into force a target the energy financial and shipping say that is and countless companies from other countries currently doing business with iran are affected deila the p.s.a. group that makes it one and joe and many others have suspended their activities in iran most european oil companies including top tog are also winding down operations

a rainy an oil shipments to europe of fallen by fifty percent over the past year the united states wants the european union to drive down its rainy and oil imports to zero it also want to run cut off from the international financial swift system the global cross border payment their work. now brussels promised to help european companies affected by the same actions and they promised they would do a lot more we asked me to talk as head of the german iranian chamber of commerce in hamburg what support these companies are getting. well it is the real disappointing part and the disappointing news of this day a lot of regions and countries so looking at china looking at russia they've managed to get waivers for their major trading productive and they can continue to trade specially oil with iran the e.u.

gave a lot of strong political statements they were talking about blocking sanctions they were toy king about a special vehicle for financial transactions we were and nothing came at least up to today i can tell you none of our member companies has one practical step forward one practical support from the e.u. or from our ministries in in berlin that you show was practically nothing to support the iran deal we had took us there let's go over now to our financial correspondent frank conrad burns and to find out more about the monetary effects of this story and the effects on the oil price conrad. yes there was no immediate effect on the oil price today on the contrary the prize for american crude even continued its decline which means that since the beginning of october of

the price for crude depending on the type has lost between fifteen and eighteen percent clearly all those waivers that the united states grant nations like iran like india or turkey where you know the u.s. allow those countries to continue to buy iranian oil has had some impact and something else is playing into here into this as well at the level that the price for crude is on now between sixty three and seventy three dollars per barrel depending on the type this means that american oil producers can work profitably especially the notorious producers of shale oil they need prices of above fifty dollars a barrel to be profitable and now they can contribute to contribute to the supply which means that of course the oil price is kept more or less in check and it's a massive contribution they make the u.s. now have become the biggest oil exporter in the world what about other companies

though conrad european companies caught in the crossfire of these u.s. sanctions on iran. well all sorts of companies of course are facing problems now as the united states consider their sanctions to be extra territorial they think that their sanctions can also apply to businesses here in germany that maybe have nothing to do with the united states that have no business with the united states but which have business with iran and also you know given that the impact of the u.s. in the financial world on the financial markets is so intense. german companies that continue to do business with iran risks risk to be thrown out of the financial markets completely. banks in the u.s. but also financial institutions here in europe might be saying no we won't do business with you as long as you stay in business with iran that's why it's so

important that our governments not only the european union but also in that the national governments come up with hands on solutions and with the less you know lofty political talk and here they see what they do come up with conrad was in there for us in frankfurt thank you. japan's softbank logged an eight fold jump in profit during the last quarter to seven point four billion dollars chief executive my my son yoshi's son has been criticized for his close ties to saudi arabia off of the money comes from their son condemned the killing of journalists she by saudi forces today will continue to do business with the saudi king. and you've heard of the hyperloop now here's a first look at the tunnel that makes it possible tech entrepreneur even musk who was behind the project has tweeted a video after apparently walking the full length of a two mile long tunnel that's been dug up for a test starting next month and because of the public will also get to experience

hyperloop once the tastes of completed the technology is supposed to change how we travel by making it possible for trains to move at speeds of nine hundred kilometers an hour. that's pretty fast nice doing business with the. the.

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plague. the teenage. forgot to w.'s november focus. hello welcome to eco india a sustainability magazine that puts the focus on innovations and solutions that help you make an informed choice to live a better tomorrow starting this week we bring you ideas from across india and europe and the stories of the people that make them possible i'm sunk that i'm cool coming to you from mumbai in india so.