russian banks people ask how long taxpayers are willing to carry that burden. and top football clubs in europe start buying chinese teams manchester city's owners not proper chinese thirty of clubs to get a slice of china's fast growing football market. this is business. as welcome to pounce exports have seen their biggest drop in more than two years as the u.s. chinee china trade war puts the brakes on demand for japanese electronics cars and heavy equipment in january japan exported goods worth fifty billion dollars and that's almost nine percent less than the previous year on the whole the data paints a picture of an export oriented economy that's shifting down to a lower gear of growth. causing one of the biggest export hits for the world's third largest economy but recently far fewer hundred in a sands are being sold around the world the same goes for japanese electronics

chemicals and machinery. exports from japan were largely stable last year but in january of this year they were down eight point four percent on the same month in twenty eighteen that represents the biggest drop in two years and is bad news for the export orientated japanese economy the main reason is the serious weakening of growth in china is japan's most important trading partner and a slowdown there inevitably leads to chinese companies and business people buying fewer japanese products exports to china have slumped by as much as seventeen percent and there's little hope of domestic sales in japan helping to counterbalance the decline from october the government in telecare is planning to increase sales tax that means for the japanese people every purchase is going to get more expensive. in russia president vladimir putin has delivered his annual state of the nation address part of the state of that nation as an economy on the western sanctions russians are being forced to tighten their belts and the

country's financial sector seems to be in turmoil as well some of russia's biggest banks can only survive thanks to financial aid from the government w.'s moscow correspondent surratt reports from xians bank and oakridge here are just two of the financial institutions that russia's central bank has stepped in to see decisions that cost millions further losses could be on the horizon reports suggest that some one hundred fifty banks in the country are on the brink of collapse lack of capital is a major problem. from what i read bunkers from three groups the central bank maintain strict oversight of the small and medium sized financial institutions but it's more lenient towards the big banks they adopt the principle of too big to fail . if you bring a sort of big bill for you. the central bank traditionally intervenes to prevent the demise of major banks smaller privately owned financial institutions are more

likely to lose their licenses if they are too low on cash. you might have the system of regulation and supervision aims to promote competition strict oversight encourages competition. it's pretty even. the reality on the ground however is that state owned banks are increasingly lending to state owned companies the effect of all this is to dampen economic growth western sanctions which make it hard for russian banks to access international markets have compounded the problem. the reality is that we're in the midst of a recession it's not western sanctions that are the cause they simply make the situation worse than you would if it were particularly the country's increasingly shaky financial institutions are causing people to lose faith in the system a recent survey suggests that one in three russians believe they're best off not

parking their money in the bank for more now let's cross over to w.w. correspondent allen tilton who is standing by for us in moscow. the government in russia spending billions of taxpayer rubles to keep the banks afloat how big of a problem is that. well financial instability is something that were seen in all fronts here in russia now as we heard there in that report some one hundred fifty banks are actually estimated to be facing insolvency and a lot of the complaints we're hearing from both investors and also financial experts is that the government stimulus in order to help these banks isn't really being doled out by free using free market principles rather it's based on political interests a lot of people are complaining that they're instead focusing on banks that are close to life say the the arms industry as opposed to a lot of the banks that some of these small and medium companies depend on the net result is that in a lot of the regions outside of the major of metropolitan areas outside of moscow and st petersburg many of these small independent companies don't really have

access to the financial markets they need in order to keep their doors open their lights on it and you've been to put his press conference earlier today has he actually addressed in his speech to the was the state of the nation has he actually addressed the economic issues the state of the banks. well he definitely focused on economic issues and economic development but he didn't necessarily touch the banks as much as some observers would like him and said he focused on a lot of the issues that really kind of target russians pocketbooks i mean you have to remember this country has a depressed in qana me it's still not really have been able to develop its economy beyond the petrel state and local mahdi prices and then also the western sanctions are really hampering economic development and that means for a lot of russians that at the end of the month they don't have as much money left over as they'd like to say that was really kind of the the meat of what putin focused on today and less some of the more systematic issues that is kind of hampering the russian economy as a whole. business correspondent in moscow thank you.

thank you. china is known for going on expensive shopping trips across the world buying tech companies robotics firms and even football clubs but now it seems european football clubs are looking to the chinese soccer leagues to support their own squads there of english premier league club mansions the city said it is planning to take over thirty a team based in chain the city football group hopes the acquisition of sichuan to new york will give it a foothold in china's developing sports market professional football has been growing in china in recent years attracting high profile players from around the world let's have a closer look at the top division the chinese super league find of this first of all it's made up of sixteen teams from all around the country the most valuable squads in that league are worth millions of dollars the most expensive club is based in one jew and part owned by billionaire mas ali baba group it's thirty seven

players have a total market value of more than eighty million dollars not the chinese super league has been able to attract more and more high profile foreign players as well and that has seen the total value of the really rise dramatically from thirty six million dollars just ten years ago to well over half a billion dollars right now so is football brain child china closer to the rest of the world or is it the other way around let's bring in. my colleague michael de silva from the w.'s sports department michael first my first question is you know. most of the city want to lead in football clubs in the world who can even say but why then by a third tier team in the super league. is a good question i think the answer is probably potential there is sixteen teams you said all of them or nearly all of them are owned or part by some of the biggest

chinese companies and the opportunity for investment is not so high. why basically . in the thirty year. the you know the city of shame do for example has fourteen point four million people the region is the fair it's not a small child yeah exactly so there's huge potential here. but also i think there's a parallel to be drawn with what we've seen here in germany we've got the leipzig a team that was bought by the germans company red bull and they were in the fifth to actually so they did and they've managed to get into the champions league and they're one of the most successful teams in germany in less than a decade so i think potential is the answer and the opportunity for growth is much is it is just looking for a slice of the chinese market or do they have a different agenda as well. the cynical answer is probably that they have a different agenda what is. i mean firstly the group

owns manchester city also owns new york city f.c. melbourne city f.c. so they've invested in some emerging markets let's say so they have a track record record in and also they have they strengthened the game in in those parts of the world so there is there are some of the just in that reasons for for investing in china but of course they've been accused of circumventing the pay which is financial fair play rules because of. what they've done is they've by buying clubs around the world it's more easy for them to get sponsorship with the likes of see how their ways their biggest sponsor you know any one of these days because they have if they had their ways emblazoned across their shirts. and in being able to attract sponsorship with companies like that it's easier when you have seven or eight seven or eight teams a stable. but you a furphy physics rules haven't caught up with this yet so it's effectively

a loophole is being exploited. and. the cynical answer is yes they're trying to export love coming back to china to permit things one say he wants his country to have one of the biggest football leagues in the world is that imaginable is that realistic. it's the power is always going to be in europe i think and i think it's always going to be an uphill struggle however he also wants to host a well cup in two years and his pledge for for every ten thousand citizens one football pitch in the country so he has big plans and i was in china in twenty seventeen as well and i saw that there is something going on behind the scenes but i think the program he's got is that the young generation is just not really interested they're more interested in the older generation they're interested in table tennis and food was kind of cool in the new market as over. all it's about

and thank you very much for this very interesting insight. so a spanking. finds three point seven billion the earth after a french court after a long by a french court after a long running investigation into tax fraud it's the largest fine for a case of this nature of a dished out in france you've been convicted of illegally helping french clients of billions of euros from tax soared to the verdict comes after seven years of investigation after former employees acted as whistle blowers on the matter. that's it from a maybe the business here in berlin for more news and lots of stories to check out the website the. business. world.

mega-cities these concrete jungles are often bursting at the sea. their economic power houses get leave people with little room to live. half of the world's population already lives in urban centers leaving planners with a huge challenge how can these monstrous cities be tailor. made in germany in thirty minutes on d w. to the new romex new to channel. good minus two legs.

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lists as iterators live from berlin calls for help saudi women in germany who say they fled of abuse at home claim they're still not sick all saudi women seeking asylum in germany allege they're still being threatened by their families and they claim their country's embassy in berlin is complicit also coming up a stark warning lattimer important takes

a combative tone with the west and his annual state of the union style speech but he also promises russians improve living.