it was the need of the news coming up ahead for tearing domestic demand and bruising us tallis of drive the economic growth in china to slowest lebanon or was hosea as the concerns are growing over a knock on effects for the global economy. and humphrey will have that story for you coming up shortly do stay with the dad in his if you get. the. serial killers ten close to use. violence robber games. and the ugly and only prison feature of life in the one nine hundred twenty s. brooklyn has meshed almost weekly they find close's and their mantra count or the river spray i should. put the criminals don't reckon with him detective superintendent comes to about. revolutionizes problems of procedures and

established extensive record systems like the foundations of modern policeman as much as what demon genoese was doing back then was basically the same as today's confines of the firm lim metropolis of crime. starts january twenty ninth on g.w. . china very soon slowest economic growth since nine hundred ninety sparky concerns about the knock on effect for the global economy we'll talk to an economist to find out whether it's time to worry also coming up the world's twenty six richest people owners march is the poorest fifty percent so says oxfam and its annual report but the study's facing criticism over its methodology. d.w.

these people trying to make a difference in the world social entrepreneurs taking their high minded ideals to heart altitude at the annual meeting of the world economic forum in davos. this is your business update on how in the home free in berlin glad you could join me china's growth rate has slipped to its lowest point in almost three decades fuelling concerns over a knock on effect on the global economy and prompting questions as to what's behind the slowdown and whether the rest of the world should be worried. once upon a time chinese economic performance wasn't global news those days are long gone the country's growth rate now act as an indicator for the health of the entire world's economy no wonder then that this announcement was so hotly anticipated. according to preliminary estimates the total value of china's gross domestic product was nineteen point zero three trillion you on. that amounted to

a six point six percent year on year increase that figure outstripped the anticipated goal. six point six per cent it may not sound too shabby but take a look at this a decade ago chinese economic growth was hovering around ten percent in the year since then it's slowed steadily and what's worrying investors is that no one knows when that decline is going to end. the reason for china's slowdown armada fold domestic issues like a slowing property market are putting pressure on growth but even more worrying to the global markets is the continuing trade dispute with the united states the two countries are currently holding a ninety day trade truce which their leaders agreed to after dining together at the g. twenty summit in argentina. for their trade talks are set to take place next week but after months of volatility a resolution may still be far off

a further escalation could have a dramatic impact on the chinese economy potentially setting in motion a decline in the rest of the world to. an i.r.s. spoke to dr marcus valle he's a senior economist and trade specialist at the university of st gala and i offered him how the chinese government was dealing with this economic slowdown have put monetary and fiscal a stimulus into the country to force order and i will probably continue to do so the main question the key question is really whether. a country which has been doing free trade and free market economy for the last thirty years aligned with state controlled political system can succeed in continuing to do so i think the jury for the way the chinese government is actually running and managing its economy is due to be out in the next ten years because we will see lower growth rates in china because the country is developing more and more so it's just normal

that these expectations will just be slower i mean that is a fascinating question and as you say we have to back potentially get used to slower growth from the world second largest economy but what with that and main is the potential of a knock on effect and export that nation like germany for example it is actually important i mean take a company such as volkswagen that i think is up to forty percent of its revenues being directly and indirectly depending from from china even siemens involved ten percent of this so it's very. for a country such as germany but since the quality and the way how the chinese economy shall develop in the next ten years will be changing it will open up advantages and challenges for countries such as germany take the electrified and autonomous contracting systems i mean china and that's the good thing it was a state owned state controlled country has basically ordered that it has to be changed and there are options and opportunities for all these countries who can do so and china has never been good in inventing new things very good at copying

intellectual capital so there are many many options and advantages for countries such as germany with its car industry with the u.s. and other parts of the industry so it's very important but there are a lot of opportunities and right there relatively optimistic view there of doc to mock is there from the university of think alan thank you very much for your views this morning. and he really in a haze minted every two days where while the poor just keep getting poorer that is according to a new report published by oxfam the nonprofit organization says that the fortunes of the world's wealthiest rose by twelve percent last year while the poorest half of humanity three point eight billion people so wealth to climb by eleven percent oxfam accuses governments of exacerbating the income gap by undertaxed corporations and the wealthy while underfunding public services some economists claim the charity ignores evidence that the number of people living in extreme poverty

worldwide has actually been falling for years. well that report released to coincide with the opening of the annual meeting of the wild economic forum in davos a gathering of the global elite also in the alps and other so-called change may cause social entrepreneurs during business for social cause he's already caught up with a few of them in the swiss alps. some are enjoying the piles of snow and icy temperatures but others are taking a little time to adjust. ernest darko arrived from south africa this morning for the social entrepreneur has made it his goal to improve his country's health care system and he's come with a message from a demographic point of view a lot of growth is going to come from africa most of the world growth is going to begin to slow down africa is just rising and it is critical that we get it right for africa and part of getting it right is ensuring that you have a healthy population and that the social and physical well being is maintained.

other social entrepreneurs have come with provocative ideas that they want to grow like it on highclere he knows it won't be easy to bend the years that this heavy weight event but he's going to do his best his project in israel organizing jobs for disabled people has been very successful the main difference is that old business the looking for the same and same thing for profit social entrepreneurs are trying. to solve different different problems so we we bring another thing to the table we bring different things to the table and it's a great opportunity for us to give a different angle of things to the business and to produce to the government and vice versa they want to move mountains and change business as usual foundation has supported the work of social entrepreneurs for years now at least by giving them a highly visible stage its network will continue to grow. vision people and we are all caught up in the same problems in this way will be able to

better solve them one person alone will never manage that the social entrepreneurs can't do it the governments can't and businesses can't either but if we all work together and include researchers and universities the more make it a lot farther down the road competency of field she invited the social entrepreneurs are also here to discuss new business models with experts from all over the world working together rather than at cross purposes that's what indian social entrepreneur has come here to emphasise in the social sector you can't acquire another and you but you can collaborate with that in jew so in the new social order collaboration is going to be the key word and globally collaborating social enterprises are going to make the change the vision of a more just world the need to work towards common goals ideas that have arrived in davos b.m.w. and dima are to join forces to develop self driving cars that is according to the

german financial daily hundreds blat they say that the aim is to split development costs and establish an industrial standard for autonomous driving both car makers for the tech giant google is going to dominate the market with its automotive operating system according to the newspaper well this new competition from second valley could end the legendary rivalry that turned both brands market leaders. british prime ministers recently is expected to reveal her poll and beef of bragg's it later at this off to her initial deal was well and truly turned down by british lawmakers and with so much uncertainty businesses and governments in the rest of europe are increasingly having to make contingency plans for a no deal scenario some of the first firms that would feel the media effects are just across the english channel and the french port of county. the one store account they've just a few kilometers away from the ferry relies heavily on british business at the

moment british customers are allowed to pretty much follow up their cars with duty free alcohol if they wish but that will change dramatically if a trade deal isn't approved by march twenty ninth and britain crashes out at the end you. will be going from ninety leaders of wine per person one hundred twenty leaders of beer and leaders of spirits to a single bottle of spirits four bottles of wine and sixteen leaders of beer the amount of wine people could take would be cut by a factor of twenty or a company's business model would have to change completely completely. french prime minister eduardo took a trip to the ports to address concerns france has announced its no making contingency plans including the possible hiring of hundreds of new customs officers to address the problems new customs checks would cause not only business leaders are worried residents are to. find mostly we're concerned about the big stores and

the potential impact of a hard rock said since that would mean a lot fewer british shoppers and the stores probably won't be able to cope. if a trade deal isn't approved the mayor of cali has requested a duty free zone be set up in the area around the port but that won't make it any less of a disaster for business owners here. as a europe today with the latest from the world of business for more find us on facebook follow us on twitter on the school business on there as well. aids and we'll have more news for you at the top of the hour thanks to company.

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