with some surprise figures china exports unexpectedly grew in may despite higher u.s. tariffs some analysts suspect the rise is down to chinese. china's exports were up last month but is it just a blip many analysts believe the search is down to chinese companies rushing out shipments to the u.s. to avoid new terrorists also coming up at the los angeles electronic entertainment expo east green some of the world's biggest gaming companies unveiled their latest surprises. to do business asia i want to get jones in berlin good to have you with us and was starting with some surprise china exports unexpectedly grew in may despite higher u.s. tariffs some analysts suspect the rise is down to chinese companies rushing out shipments to the united states to avoid new tariffs u.s. president trump slapped tire levies on some chinese products i was back in mid may

and then he threatened to put duties on all chinese imports to the u.s. but despite efforts china's trade surplus with the united states has actually risen it climbed by 28 percent on aid in april to more than 26000000000 dollars last month. with so many figures let's bring in andreea hang who joins us now in singapore so china says that the trade surplus has risen. figures looking at the year as a whole say that the trade plus has actually shrunk could you explain that to us. yes monica it all seems very confusing right now but to rest assured rest assured both data are correct we cannot compare the chinese data to the u.s. data simply because of the different methodology used by what both data point to is more or less balanced trade conditions between the 2 countries and analysts say

that this must continue if trade relations between the 2 countries were to revert to normal so could you just briefly explain to us what brought about the suffering moment of growth from april to may well it's something that we certainly didn't expect given the escalating tensions between the 2 countries but there are reasons for the growth number one most of these exports were already scheduled and shipped out even before the tariffs kicked in and number 2 of the depreciation of the chinese un the currency as well as you know buying attitudes in fear of those rising tariffs whoa partly responsible for the growth figures so looking at all the latest data what could it possibly mean for this much anticipated soon upcoming meeting between u.s. prison donald trump and chinese president xi jinping later this month at the g 20 summit. well it looks like is going to be

a friendly needing between the 2 leaders in osaka later this month and you know it's the economy forum in russia recently president xi did say that you know it's the values the u.s. as a trade partner and doesn't want to see that relationship deteriorate further from way it is already a change of tune obviously from the hot hot stance that china was holding on to even as soon as recently as just days ago now and analysts it that china could be changing its tune due to a number of reasons but whatever it is it has to play by the play by the rules if it wants its economy to succeed and if it was to be taken seriously on the wall stage all right andrea hang there reporting for us from singapore and you will keep an eye on the whole development there for sure thank you so much. well meanwhile g 20 finance ministers already met this weekend in. japan and they decided to focus

on big corporations like facebook google or apple now until now those companies have only had to pay tax in the country where they are headquartered which is why they deliberately construct their conglomerates in a way that funnels to low tax jurisdictions but that should now come to an end the g 20 hopes to present details of the new regulation by next year. cooperation is still possible it seems despite the trade disputes and ongoing geopolitical tensions even china and the us found common ground at the g 20 finance ministers meeting in fukuoka both countries supports a reform of the global corporate tax system but their fight over turf still raging . about muses we still don't know how trade talks between the u.s. and china will end and until a solution is found we fear that confidence in the markets will diminish and that's a problem. the u.s.

has also reportedly blocked a joint appeal to settle a trade conflict there was no conclusion on the dispute in the final communique at least there was mutual agreement about the new tax regulations planned for tech giants like google and facebook that will also be a global minimum tax for companies gemini's finance minister is feeling optimistic . the monthly about it when you think about all the conversations everything that was said and all the progress that was made you realize what a big movement this was and how quickly it happens and it's no longer risky to say that will very likely reach an agreement by next year he's talked to him because at the end of june the japanese city of asako will host the g 20 summit for heads of state and government it's not just finance ministers who hope for an end to the u.s. china trade will. the united kingdom and south korea have signed

a preliminary free trade agreement that seeks to maintain existing trade arrangements between the 2 nations in case of a no deal breaks in south korea exports mostly cars and ships to britain while it imports crude oil cars and whiskey the agreement marks the 1st post breaks into trade deal the u.k. has secured in asia so far the united kingdom has such a arrangements with 12 countries including norway israel iceland switzerland and chile. and out to some of the other global business stories making the news. u.s. president donna trump has threatened mexico with terrorists yet again if the country fails to cooperate on border issues this comes just after friday's deal where a 5 percent tax on all mexican goods were dropped after mexico agreed to deploy troops to stem the flow of migrants to the u.s. . it's trouble galore for germany's biggest lender deutsche bank serious

deficits and its anti money laundering and sanctions controls allowed checks and payments to be processed without screening georgia bank chests led to a new all time low last week and fitch has cut the bank's credit rating to just 2 notches above junk status. and you aerospace defense giant just moving on the horizon and is bound to shake up the industry to united's technologies call and raphael agreed to a merger of equals among other things u.t.c. could use its engines for america's if that if by fighter raytheon also a defense contractor is known for building the patriot missile system. well h.b.o.'s hit series game of thrones has just come to an end to the dragons and white walkers are all gone does this mean we now have to face reality 247 no because the world's biggest electronic games convention in los angeles also known

as east 3 comes to our rescue let's take a look at the highlights. the atmosphere was boiling over as fans from around the world came to celebrate the newest and greatest in the world the gaming i this is what they came for. me. to. write. microsoft's exploits platform impressed visitors with the newest versions of its blockbuster games. nothing. we need to really. know

we need to fight for and many will help fuel the launch of its next generation console which they've dubbed project scarlet. boasting graphics and up to 8 k. resolution and frame rates as high as 120 f.p.s. . but microsoft could hardly steal the entire show. gaming giant says also presented a myriad of new games including the latest edition of the venerable doom series. with 5 g. cell your networks on the horizon and netflix inspired game services on the way the world of gaming is entering a new age. and not a question you've probably never considered before what determines the origin of a wooden slats up the sheep it came from all the human who needs it business owners and niggas in iceland are at loggerheads over the. ice and see our prize for the

quality of their woollen fleeces which enables them to withstand harsh sub arctic conditions. no wonder then that the sweaters and scarves made from their will have become a kind of national trademark beloved by locals and tourists alike. but in recent times the relationship between businesses and local craftspeople has become anything but warm and fuzzy. an issue is this common demarcation hand initiated from icelandic bull technically true but with one detail omitted the knitting often takes place in china a source of fury for iceland's local artisans. in the carbon footprint to ship containers of icelandic wool to hong kong and have a process there and then sent back halfway across the world off the. business

owners say it's the origin of the wool and not the people who knit it that should count. it. top. of their lives here and they. shrug of their narcotic or if they were to have been poor up with the still p.r. firm or somewhere else but critics say the labeling is misleading and accuse businesses of pulling the wool over the eyes of environmentally minded customers. did you ever wonder why office chairs have wheels maybe it's so you can take them out of the office just like many people did recently in japan to take part in the grand prix of office chair racing the goal is to get the most laps around a $200.00 metre course in 2 hours this year's winning team from kyoto received

oaten the bragging rights of 90 kilos of rice. relations this is business for me the team member len thanks for watching.

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this is. going to move to salvage and tried 15. foreign minister tells his german we will cooperate with the european union to save but kept it be rescued in the face of us opposition also on the program 12000 year old turkish town that's about to be lost forever.