and beijing is starting a business. welcome to do your business asia want to johnson but i am good to have you with us so in a much anticipated policy meeting the european central bank has approved a fresh stimulus package for the euro zone the package includes a further comment on the banks the positive rate now at a record low of minus 4.5 percent the e.c.b. also approved a new round of bond purchases of $20000000000.00 euros a month starting in november a both measures aimed to stimulate growth and push inflation to just under 2 percent that's the bank's target. let's just take a listen to what european central bank chief mario draghi had to say about why this move was necessary the outlook for real g.d.p. growth has been revised down 420192020. there is some rounding the euro oyur growth outlook remain 2 to 2 the downside.

is recently pertaining to the prolonged presence of uncertainties related to geopolitical factors the rising threat to protection is an vulnerabilities in emerging markets. i was easy be president mario draghi just a short while ago at the press conference us present donald trump has been swift to respond to the east peace decision taking to his favorite medium to express himself in a tweet he said they're trying and succeeding in depreciating the euro against the very strong a dollar hurting us exports and the fed sits and sits and sits they get paid to borrow money while we are paying interest well what are we to make of all this let's go to come up was now a man in frankfurt and under your hang also joins us in singapore and i hope we both have them on the screen and just

a 2nd and i hope they can hear me already because i would like to start with you can there you are more rate cuts and a fresh bond purchasing program the right move for eurozone economies do you think . well the e.c.b. chief druggy certainly argued his case you just played the sound bite he said that since the last u.c.b. meeting inflation and economic activity has significantly weakened in the eurozone that because of this the bold moves announced today were warranted but let me tell you money come more and more economists here in the eurozone and out not only the conservative german ones are convinced that the ability of the central bank to really inspired the real economy has been exhausted that it has its limits and that such a monetary policy can even harm the economy by undermining trust in the central bank and in the system all the girls all together by you know fueling

price bubbles on the property market spyin disrupt in the bond markets by telling savers that it's not worth paying exactly telling savers especially in germany it's not worth saving how much further into negative territory can we go here. well you know you played the or you mentioned the tweet of donald trump of course donald trump himself is not interesting for the european central bank but this tweet indicates how politicized the job of the central banks has become recently the e.c.b. of course has to make sure to keep us all thora t. and its credibility so there are of course limits to what it can do are over to you andrea because obviously asian markets have been watching the easy decision as well what's been the reaction there you're absolutely right and the fruits of their liver has paid off somewhat asian markets at the close of 2 d.

were actually pretty upbeat stocks were hitting a 6 week high today on the new intice a patient of some good news from the e.c.b. also not forgetting the goodwill gesture that the surprise goodwill gesture that was handed by u.s. president donald trump to china. did leave the tariff price hikes on some of those chinese exports to the u.s. now market watch as i had been hoping that the e.c.b. we're following the footsteps of markets like india the philippines new zealand where just last month all of those central banks had know what their interest rates as well now under how could the e.c.b. decision actually impact asia well investors have kept a very close watch as you sit on the e.c.b. and you just want to see how many how far policymakers were willing to go to support the eurozone economy which is weakening and may weaken further with the

break just around the corner. and dragging their reporting for us from singapore goosen both of us to both of you thank you very much. and with trade talks between china and the u.s. expected to resume next month both sides have been busy making gestures aimed at calming waters that have become increasingly stormy but the latest moves appear unlikely to shift the dial over the biggest questions in the disputes to dish optional rehearsals for the 70th anniversary celebration of the founding of the people's republic of china are in full swing in beijing a birthday party brings welcome respite from a trade war after all and donald trump doesn't want to spoil the party actually. he announced on twitter that juta the upcoming celebration on october 1st the chinese vice premier has asked him to postpone the planned 5 percent increase on

$250000000000.00 worth of exports to the u.s. penciled in for the same date and in what trump is calling a gesture of goodwill he has agreed to the move now chinese goods will face tariffs of up to 30 percent from october 15th instead of on the communist states big birthday the u.s. move followed china's decision to suspend new tariffs and 16 kinds of u.s. exports for a year news the trump seemed happy with. i think they did the right thing i think was good for them but they took a marquee i think it was it. i think was a gesture ok it was a big move people were shocked i was in shock. his lack of shock might be because beijing's exemption list does not include any major u.s. exports such as pork or soybeans it's mostly made up of fishmeal food for livestock and some concert drugs that the chinese can't easily make themselves or buy elsewhere. the u.s.

move is also unlikely to change things too much after all what's another 2 weeks when you're talking about $250000000000.00. well back here in germany it's been a long way from the 8 scott exhibit in berlin that was back in 897 to the frankfurt motor show today one of the most important auto industry events in the well german chancellor angela merkel has officially opened this yes show themed driving tomorrow and indeed it showcases all the shiny visions of the future of mobility of the germany's comic has as plenty of reason to doubt that future. outside the grounds of the frankfurt motor show protesters carry signs calling for the band of insulin and petrol engines they're criticizing the car industry for their role in the climate crisis inside german chancellor angela merkel opened the show with

a reminder to car makers of the cost of past mistakes specifically the emissions cheating scandal that saw an entire industry sell cars they said were less polluting than they actually were. the problem of illegal defeat devices the one that led to a loss of trust weighs heavily on midst a period of great change. therefore it's only right and important for the sector to show it can be relied upon. that's why the cars shown to her in her traditional walkabout focus heavily on the emissions technology like electron belatedly. but this giant multi-billion euro push into the future may be too little too late and the showcase of it obsolete. this could be the last time a sitting chancellor opens the frankfurt motor show at least in its current form the show is experiencing an existential crisis akin to the one the auto industry itself is facing automakers are called upon to justify their place in the world

amid ever worsening environmental crises i made souring public opinion and at a time where the economies of their key markets are spidering like say china or incidentally like germany bad news for a sector that produces the country's most lucrative export and employs more than 800000 people and these gleaming new offerings of germany's prized industry may find their way into fewer and fewer garages further slowing down a change of course for carmakers. gainsaying has been he used in chinese medicine for thousands of years the roots of this slow growing plant are believed to be a potent antioxidants touted to improve brain function and to boost the immune system and lots of other important body functions now what you may not know is that going saying is also a native plant in north america and that since the 18th century much of the

gainsaying on asian markets was actually grown on us soil. the rich soil of marathon county in the u.s. state of wisconsin is perfect for growing the medicinal plant gin saying china has been a lucrative market for american gin saying but ginseng is one of the agricultural products subjected to tariffs in the ongoing trade war between washington and beijing the result a 20 percent drop in sales to china farmers fear for their livelihoods they can't react quickly to market changes because juicing takes up to 5 years to grow and harvest up off your present or crawford was here. on the market and we have a new crop coming coming up you know about 4 to 6 weeks or so and so has been a hard time for jones and farmers here around 2 thirds of the wisconsin genting crop is exported to mainland china jungmann tulle started farming ginseng here 9

years ago but the ongoing trade war is hurting he's trying to stay positive by taking the long view or present more what has always been to bring the bears from wisconsin or us for trial that more was despiser pam. and according to some ancient chinese texts he carps one of the symptoms that jin singh can help to alleviate the. and that's it for me on the business of asia team here in public for all of us thanks giving us company.

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the glacier . this is news live from a boost for the euro zone's flagging a colony the european central bank unveils a fresh stimulus plan interest rates are cut even more and the bond buying program it's about will attempt the desired effect. also coming out to a dispute between germany and china escalates over a hong kong activists visit.