the u.s. is closer than ever to a real trade deal with china according to donald trump anyway but that's coming after days of talks between the jank and washington ended without one insight also coming out of. india that you have the largest and youngest workforce in the next two years and millions of parents dream of working for the government our correspondent set out to discover why. welcome to d.w. business i'm john elder milan in berlin thanks for joining us u.s. and chinese negotiators have ended trade talks in beijing went further rounds scheduled in washington next week now officials have praised the progress made and the discussions but neither side had much detail to provide. not every picture speaks a thousand words reporters in beijing would have liked to hear

a thing or two about how the latest round of u.s. chinese trade talks were progressing but all they got was a neatly arranged family photo featuring u.s. treasury secretary steve menuhin and trade representative proper light hisor alongside their chinese hosts meanwhile in washington u.s. president donald trump was more verbose the tariffs are hurting china very badly they don't want to and frankly if we could make the deal it be my honor to remove them but otherwise we're having many billions of dollars pouring into our treasury we've never had that before with john it's been very much of a one way street so that's happening and. the relationship which is very good but i think they finally respect our country. basting has a ready set it will buy more u.s. made goods to ease the trade deficit between the two economic power is but several other sticking points remain this reportedly being little progress on the u.s. to moms that china both cracks down on forced technology transfers and reduces

subsidies for ten mystic companies to investment analyst kenneth fischer he says the american president is quote a master of distraction we also asked him how well the chinese understand trump i think more than most yes the chinese certainly get it more than europeans get him he seems so crazy to a european that it makes no sense but what he's always done and he wrote about this . in his book the art of the deal people just don't believe that he tries to do it is he makes extreme statements those extreme things seemed like he's a crazy man with extreme demands and then he ends up settling for something in the order of twenty percent of what he demanded and then he walks away declaring victory he did that with the north american free trade agreement he's doing that with terrorists in europe. generally he'd start big blows

up creates the concern of chaos but the chinese or more used to that because they've got a despotic world to begin with they've got a top down control economy and they're used to the notion of extremity investor ken fisher there talking about how well equipped the chinese are to understand trump now trade optimism because of those talks pushed equity's higher i time to bring in our man on the markets heloise they are ohio to say so why are investors so cheered considering the talks have closed for the week with very little progress. not much progress you know but it's still better than the prospect of increasing conversations will continue next week in washington at least that's the spirit among investors whom also think that even some kind of deal comes to fruition will not really talk to some of the warning issues here such as force transfer or subsidies or what do you see is

a commitment from china to increase its imports from the u.s. from agricultural products to semiconductors in these last case up to two hundred billion dollars over the next years or different services all these it could reduce it to a gaap a main point of friction for trump but the still several issues could arise such as implementation and commitment to any compromise as for now seems open to the idea to extend negotiations without increasing tirades and try to force begin to agree on certain reforms in a possible meeting face to face with china's president xi jinping hope springs eternal on wall street and it also appears unfazed by declaring a national emergency why is that. years and you know we don't regard investor seem to be immune to a situation which they can see the more of a political move the increases tensions between the white house and democrats in a company will heal but it's true that the political gridlock in washington could bring chills to wall street when for example the debt ceiling gets reinstated early

march so it will need to be increase in the next coming months to avoid a default also by september thirtieth even if there is no agreement on a budget for twenty twenty we would see out of spending cuts which you would lead to an abrupt and disordered fiscal adjustment something that will bother not only markets but also affect growth increasing the probabilities of exhausting the current economic cycle here in the u.s. personally least thank you very much. to india now where more than half the country's population is below the age of twenty five and keen to start a career and many of them aspire to work in the public sector especially in the indian railways but are there enough jobs to meet the demand our india correspondent sagna phonic are sent us this report. it's eight am and this. is for the brady bunch. housings of students come

here to prepare for exams the promised land them a green job with the indian government. this institute is about four hundred students d.d. . used to work in a hotel but she says she put in twelve to thirteen hours a day. she now dreams of working in a public sector. when you know when you get into a government sector that your life is that nobody is nobody will remove you from the force in god because it does you know when it goes out there it was down it was it is gone out of the company like that. a job with long term security is what most students here after. their own competing for middle. with. he started about fifteen thousand rupees that's about two hundred euros a month what in the world where the class is a students for exams that are notoriously tough to crack the government jobs

a crack hundreds of thousands of applicants dramatically exceeding the number of positions the coach is managing expectations is a big part of the job the simple thing that you have to build. in order to against you so if one makes out of five in a gun it's four nineteen and are bound to get disappointed that's how the game is that's all you know holding on but it's moving. this is the company which everyone hopes landed on the indian railways with more than one million workers it's one of the world's largest employers. right here. today the company is conducting exams but a recruitment drive on the outskirts of that. competition is b.s. earlier this year more than twenty million people applied for about one hundred thousand jobs in great waves. but for many here it's the only hope to get regular

employment and a secure future here maybe for me even if you have a master's degree or the starting salaries in the private sector to look you can support a family and that our manual in the villages everyone going to government jobs farming is the only work that there's no other option. and a government job offers more than a regular income going to. a government job really increases your magic bus will affect your family you don't leave everyone goes they go to a matter of land with the security you see here. but getting those coveted drugs won't be easy to get a little only one out of two hundred applicants will get a chance to work with the indian great ways. and some more bad news for the auto industry car sales dropped again in the e.u. in january that marks a five month long decline according to the european automobile manufacturers association this time the fall was four point six percent to almost one point two

million vehicles that's the fight widespread discounts and cut price offers. discounts and deals just aren't working their magic no matter how tempting and we're not talking small reductions slashing prices by as much as a said has become almost standard that's according to research as the university of to spur s. and. but despite the lofty discounts fewer and fewer cars are rolling out of the dealers yards. in france car sales shrunk by one point one percent in january in germany europe's biggest car market by one point four percent figures were even higher in britain where company car sales in particular have stalled many firms are exercising caution due to brics it topping the slowdown list though are italy and spain. there are several reasons behind the ongoing

slump says consultancy firm why in many e.u. countries economic growth is slowing and the ongoing debate about c o two emissions and driving bans is also dampening the confidence of potential buyers. perth fashion week is just around the corner and the fear it's not only adults who are taking to the catwalk the first ever kids at fashion week took place on friday it's all youngsters and modeling a range of high end clothing for juniors kids brands appear to be especially interested in penetrating the ever growing chinese luxury market which was worth twenty two billion dollars in twenty eighteen.

and that's your business update for more you can always go to our web site that e.w. dot com slash business thank you for watching. the first.

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