forward grab back easily maintained a one hundred percent lead time records. you're watching the news coming up ahead new to such puts a much higher than expected price tag on briggs it and it says the british people will be the one spin for it. to one hundred people have done story and much more coming up for you shortly due to the deed of the news if you can. see her first day of school in the jungle. first listen to. doris grant a moment arrives. in the joint direct attack on her journey back to freedom tooth you know where interactive documentary. is going to tame returns home

on t.w. dot com. fluent in fighting for the case to be taken seriously in the world of work here's what's coming up women's talk. for your. smart talks smart stand on the edge of brain creasing lean dangerous time buffer how to code for moms. anymore. trying to meet your about the hamburg summit here in germany china says it's increasingly open to european investors they say they're having a hard time doing business that we talk to them on chinese president xi jinping times two. also coming up the breaks it builds. it is prime minister to resign may

has two weeks to convince has skeptical palminteri him to sign on the dotted line of a divorce deal with the european union a new study suggests the scale of damage to the british economy will be shocking. this is your business update on how the whole frame but ed glad you could join me with no prospect of a resolution in china's ongoing trade disputes with the united states beijing is seeking to strengthen ties elsewhere including here in europe but that relationship hasn't been without its ups and downs either and right now at the annual humbucker summit here in germany chinese and european leaders from the world of business and politics are hoping to smooth out some of the issues that have divided them in the past. china meets europe the focus of this annual gathering has always been on finding common ground but this year with the rise in u.s. protectionism looming over proceedings the hunt shakes taking place here appear

that bit more urgent former german chancellor gerhard schroeder seen here on the left had this to say about how american policy was changing the shape of europe's economic ties with china. if you go. to my and i think both sides need to cooperate for free and fair global trade and not to be influenced by what is currently coming out just from america but one must fight for the foundations of an export nation that means free and open markets i'm not to allow yourself to be told who you're allowed to trade with and who join in office in this very moment this tendency towards this kind of extreme nala see on the side of the americans is a big problem for an export nation like germany for an export you know sure to be george but i mean in europe we need to take it common stance against you know what to do that we need partners with among them is china there's no question about asia's better stargell. europe turning to china in the fight against us

protectionism a pretty remarkable pivot towards a country that's itself long been accused of not being open for business. the most and joining me now in the studio is chang way way he's the director of the china institute at the fudan university in shanghai professor chang's thank you very much for joining us here on d.w. now beijing openness when it comes to international investment that said a recent survey conducted by the european chamber of commerce said that around the halls of european companies operating in china over the past year say that it's only become more difficult what do you say to them well actually if you look. when the policy since four decades ago. is the more and more open you up. this is the long trend i do not deny maybe one of the particular problems but.

you've got a child of four interested in growing. roughly fifteen percent a year for four decades a large they both imports and exports. small tain yes let me look at your investment we do talk about you know european investors say that there have been increasing barriers you often refer to as a key influence or. i'm wondering when you go back to beijing where you perhaps be recommending that he remove some of these economic barriers which make it difficult for european business is operating actually each other just as the number of new policies is which are particularly good for foreign best in couldn't germany best that's why you have say you have to expend the investment in china and soon with the assurance comes the audience there can set up a company in shanghai so they are responsive to this new changes of policies in

china that is on one side and i'll take a look for example at china in europe then we had today tale of ita you know be ousted as the as c.e.o. of the german reebok tics group. released in two year is off to the chinese company i'm a day i acquired it he was very unhappy about that does that not indicate a holiday chinese line however towards european companies. i do on the exact particular this case but the charge is really for european companies strategic there is the world's largest consumer market as the sky's the limit no limits so virtually have to be there and from all point of view of course china has its own concerns no one. major reason for the european concern i guess arise from the fact that you know at the early stage of reform china needs for invest and china needs for in whatever technology. at this time the challenge become more competitive so

china becomes more choosy in the more selective with better quality investment that's why we also talk about the national treatment for chinese companies for incumbents the saying so in other words many for income to enjoy the laws of privileges before if you have provision have been somehow always draw become national treatment that perhaps one reason but still. invest china choice isn't there because that's what you're saying is indicative somehow of a contradiction when china is saying that it is now they need it in globalization at the same time we are seeing i mean it does seem that international cooperation is growing more challenging for allister to trade is a growing investment from s.d.i. is growing in china this year still the case but do you anticipate resistance to common weeps or concern for example from french president to mine when michael german chancellor i'm going to market has also said what about german tech interest

i mean can you see that i may be some increasing difficulty from the european union it wants to draw up guidelines when it comes to chinese investment is more interesting for us nor whether the income the difficulty is all more true these are always there both ways the point is those china in germany in china you i engage in talks and negotiations and this is important it's much better the case between china united states trump is wrong to choose trade war this is damaging for both the united states and china for the world you mention the fact that there have been and there probably will be increasingly with any relationship difficulties which need to be ironed out between europe and china of course the u.s. is well but how do we get the balance right is china nuking to strike a balance. child prefer balanced trade you know that's why china held it's the world's largest the first ever import export in shanghai

just last month i was present there and you met a lot of german investors and traders this to want to invest in china then to trade with china because obviously of so many opportunities right professor john way way from fudan university in shanghai thank you for your insights thank you. one hundred billion pounds a year by twenty thirty that's what brags it will cost the british people according to a new study commissioned by a group calling for a second break that referendum and sees a number of economic blows in the u.k.'s future if it goes ahead with its of was from the e.u. they include drops in trade foreign direct investment and overall g.d.p. to the tune of around four percent. and of course our financial correspondent ollie's bartz has got his eye on the numbers from frankfurt let's bring him in now really one billion pounds

a year is steep we should point out that that survey was conducted by a group calling for a second a referendum how shocking or not would you say that assessment of damage to the british economy actually is. i would say that's a shocking assessment i mean it's still have to put the number and perspective if you're talking about one hundred billion pounds a year that's a huge sum but if you take the gross domestic product that is the total performance the volume that the british economy generates it's probably going to be up around two trillion pounds this year so one hundred billion that's about five percent now that doesn't sound like all that much but if you have five percent less g.d.p. for example well that meets the definition of a major recession and not reverberates through the whole economy and costs jobs costs company profits creates turmoil in the market and ultimately is also likely

to lead to political difficulties not least if this would be continuing for years so yes it is a shocking number but we don't really know how accurate that can be it's so hard to look into the future especially in this situation all right meanwhile i got news today that the chairman of mitsubishi called a school has been sacked of accusations of not being transparent about his pay briefly is this becoming a trend are we seeing the end of towering salaries the caught items briefly. i don't think so you'll find it time and time again that people who are called in to rescue companies will be compensated with princely sum in the end if they are successful it's worth it to their shareholders and also alternately to the economies in the political system the people that the. business remains business all financial correspondent leibowitz thank you. an about face

from a german industrial giant siemens its chief executives all traveling to saudi arabia for a conference hosted by state owned oil company around cote the visit comes a few weeks off the public pressure of the mud all the journalist jamal khashoggi. kaizad to pull out all a saudi investment event demons is a major contract in saudi arabia the infrastructure giant is currently building riyadh's new subway system and is on target for further contracts in the future as a means by expressing said. to me only representatives of the company but no government official. said york today with the latest from the world of business for more find us on facebook and on twitter i'll be back with more business news in the next hour and.

we make up over a week watch on a possible debt and up budget by we are the civil service or. they want to

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history. everyone. seems to be out of commission. was. digital africa starts december twelfth on to w. . it's a time for waltzing rather than debating german president trunk fell to steinmeyer at the capital's most important social event the press fall. it's friday night's nov twenty third and some two thousand three hundred guests from the fields of politics media business and culture are arriving at berlin's adlon kempinski hotel while german chancellor angela merkel traditionally.