from berlin still to come as global trade time zones with the u.s. so worse enough business leaders and publishers from europe and china meeting homburg to explore free trade possibilities only meet the man who advises such as president xi jinping as coming up with a home free and business. at the top of the hour but in the meantime of course there's always the web site b w dot com how to protect. the. earth. home is of species. a home worth saving. given those are big changes and most start with small steps little ideas tell stories of creative people and innovative projects around the

world. to use the country when it comes to purchasing insurance and resource to try. to create interactive content teaching the next generation about what mental touch i should. use and all channels available to inspire people to take action and we're determined to build something new for the next generation coming along the ideas the environment series of global three thousand on t.w. and online. trying to reach europe at the hamburg summit he eighteen a gemini china says it's increasingly open to european investors they say that having a harder time doing business that we talked about and chinese president xi jinping turns to for advice. and the brags it british prime. it's recently has

two weeks to convince her skeptical parliamentarians to sign on the dotted line of a divorce deal with the e.u. faces a new study suggests the scale of damage to the british economy will be shocking. this is your business update on how the humphrey of glad you could join me well with no prospect of a resolution in china's ongoing trade dispute with the united states beijing is seeking to strengthen ties elsewhere including here in europe but that relationship hasn't been with has not been without its ups and downs either right now at the annual 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 appears that the more urgent. former german chancellor gerhard sure seen here on the left

had this to say about how american policy was changing the shape of europe's economic ties with china. the go. to mind i think both sides need to cooperate for free and fair global trade and not to be influenced by what's currently coming out us from america. one must fight for the foundations of an export nation that means free and open markets not to allow yourself to be told who you're allowed to trade with and to join in office 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 she will be george but i mean in europe we need to take a common stance against this you know want to do that we need partners among them as china there's no question about asia's kind of. 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. and indeed a recent survey by the european union chamber of commerce in china found that around half of european companies operating in china say that it's become more difficult over the past year and early our spokes you professor chang way way he's the director of the china institute at the fudan university in shanghai and i asked him what he made of that criticism. china's open door policy since four decades ago the hope is the more and more open you up. this is the long trend i do not deny maybe a certain point of particular problems but. you've got china for interested in growing. roughly fifteen percent a year for four decades a large they both imports and exports. similar tennis 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 influencer of xi jinping 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 businesses operating actually each other just as the number of new policies is which are particularly good for foreign best including germany best that's why you have say b.m.w. expend the investment in china and soon with the assurance comes the audience they're going to set up a company in shanghai so they are responsive to these new changes of policies in china that is on one side and take a look for example at china in europe that we had today ten of ita you know be ousted as the as c.e.o. of the general bought excrete. rights than two years off to the chinese company i'm

a day i acquired it he was very unhappy about that does that not indicate a holiday a chinese nine however two with european companies. done the exact that they can this case but the child is really for europe income strategic there is the world's largest consumer market the sky's the limit so virtually have to be there and from all point of view of course china has its own concerns. and no one major reason for the european currency i guess arise from the fact that you know the early stage or reform china needs for invests and china needs for in whatever technology etc. at this time the chinese become more competitive if so china become more choosy in more selective with better quality best and that's why we also talk about the national treatment for chinese companies for incumbents the saying

so in other words many foreign come to enjoy the laws of privileges before. their provision have been somehow always draw become national treatment that's one reason but still. events china choice is it because that's what you're saying is indicative somehow of a contradiction when china is saying that it is now the media 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 used to the case but do you anticipate resistance to common we saw concern for example from french president to money when michael german chancellor angela merkel 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 investments more inches for us nor whether the income the difficulty is on all of these are always there both

ways the point is those china and 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 united states and china for the world you mention the fact that the 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. as well but how do we get the balance right is china nuking to strike a balance truly 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 child then to trade with china because obviously the so many opportunities right professor john way

away from food on university in shanghai thank you for your insights thank you. one hundred billion pounds a year by twenty thirty that's what breaks it will cost the british people that's according to a new study commissioned by a group calling for a second break city referendum and sees a number of economic blow to see eight of the u.k. speech if it goes ahead with its divorce from the. drops in trade foreign direct investment and overall g.d.p. to the chuen all around four percent. all financial correspondent botts has got his eye all of the numbers from frankfurt we can bring him in now really one billion pounds a year is certainly steep we should bear in mind this survey was conducted by a group which is calling for a second referendum i mean how shocking is one billion pounds a year or not well it's a it's a big number and cumulatively of course it means

a lot we just heard the assessment by the economic expert that over time it would be something like five to ten percent cumulatively of g.d.p. and that's a huge number that means many many thousands of jobs lost detriments to companies and possibly also. companies going bankrupt because of the brics it hitting certain sectors and certain parts of business differently some more some less so it underscores what hardbacks or even any bracks it would mean and it makes the case for another referendum certainly very convincingly there's different numbers you can crunch but it perhaps helps those who would look for a second referendum if parliament didn't pass and i talked to people here in the market today lots of people think that it won't pass parliament this deal that was struck yesterday meanwhile markets looking up over italy for the first time in weeks tell us what's got them so hot beat. yeah just

a passing remark almost if you and i talked like that nobody would react here in the stock market but it was no none less than the louis you know my oh he's the deputy premier and five star movement leader and he signaled that he was prepared to be more accommodative on the e.u. deficit rule and so far italy wants to spend a lot more money in order to prop up the economy and fulfill voters' wishes he indicated some radiators to move away from that not offering any concrete detail but it sent the markets up tali and market most of all but these markets here in germany as well a financial correspondent for us in frank good to talk to you thanks. to an about turn from as even as its chief executives are traveling to saudi arabia for a conference hosted by state owned oil company around cope the visit comes a few weeks off to public pressure over the murder of journalist. prompted the men's chief joe case it seems out of a saudi investment event was eamonn says

a major contractor in saudi arabia the infrastructure giant is currently building riyadh's new subway system and is on track to further contracts in the future. a spokesperson said that case to meet only representatives of the company and no government officials. i doubt that you're up to date with the latest from the world of business for more find us on facebook follow us on twitter at d w on disco business i'm there as well at helen the c. humphrey is my handle and my colleague christophe kobo will be back in the next hour with plenty more business news for you thanks to a company and c.c. .

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with tim sebastian i'll be challenging those in power asking tough questions demanding arms. as conflicts intensify i'll be meeting with keep players on the ground in the sense as i'm. cutting through the rhetoric holding the powerful to account for the conflict zone. conflict zone with tim sebastian on t.w. . hello and welcome to tamara today coming up on this week's edition of. troubled times for treats spruce is a may just thoughts of would but climate change could put an end to that researches are now looking for alternative sources.