security issue nice. to not answer you keep it to much money and i think people have to be a solution. from them our china celebrates 17 years of communist rule take a look at the countries extra ordinary knowledge transformation. has been the cost . rapid growth. business your business. in berlin welcome. lavish celebrations and a display of military might to mock 7 decades of communist rule this is the party celebrating 70 years in power today we'll look at how the country could grow

so rapidly what will happen now that growth is slowing down and the impact of the trade war with the united states but 1st let's take a look back at 70 years of economic development. but of the 949 when the communist people's republic of china was founded the country was dirt poor poorer than many african nations 70 percent of its population are peasants and day laborers getting by on an income of just $57.00 a year in a mostly agricultural economy communist party leader dongs reform in the 1950 s. nationalized industry and distributed land from the wealthy to the country's 4 but those policies led the country into chaos the communist revolves were the main cause of a widespread famine that killed millions of people and displaced many more millions more died in a wave of terror and communist reeducation camps after molls death and 976

china's next leader deng xiaoping introduced some reforms that open the economy is policies brought china into the global marketplace and result has the current form of the country's communist bloc capitalism chinese g.d.p. rose from $150000000000.00 in $978.00 to more than 14 trillion dollars in 2010 it appears that our graphics are unfortunately you know if you right now today china is the world's 2nd biggest economic power after the united states now let's talk a bit more about china and for that i joined the studio bifocal taia he's the. chief economist of germany's. gems of commerce so if you are our resident john i watch a clip of coda here from w business that let's start with you capita g.d.p.

in $49.00 was roughly $50.00 today it's $10000.00 per head it's impressive how how did that how well it was a combination of events basically some analysts were painted the way that it's was the communist party but it was more what the commies party didn't do than what it did do over the over the years you see the process of controls being relaxed and the controls are relaxed the economy has expanded when controls are reintroduce the economy has contracted and we've seen disasters like the great leap forward that you mentioned in the last 4 decades it's been a process of relaxing controls and introducing some reforms and now the question is after 70 years where these controls are going will they be reintroduced with a growing centralization and will the greatest story of social and economic transformation probably that we've ever seen keep continuing yeah. we still call that communism. i mean the but basically that it's just state backed by one party

capitalism isn't all. it is a kind is 2 fold it is the political regime and there is a market economy although with great interference of state but nevertheless i would call it a market economy because prices are signaling. scarcity and this is the major deliver market economy beside all the facts where we have concerns and so far. we've heard about the difference in per capita g.d.p. but are people really better off today than they were let's say 10 years back even then there was a steep climb well this is a big question am i mean certainly the economy appears to be changing under xi jinping we've seen a centralization of power in him he's abolished term limits and a lot of people are asking what impact that could have on the economy we've seen

a move towards state state firms state owned enterprises 10 years ago you had some or even 15 years ago you had some measures of reform of the state owned enterprises which are quite painful politically because you have unemployment you have restructuring and these things are difficult for the people and we're not really seeing that now there are promises of reform but they haven't really come through yet so i think i think people are definitely i mean materially they are better all but everything is now looking to see how the centralization of power i would own foals and whether it's very interesting we were just seeing pictures. of beijing doing we all is in he's it's very much sense it on him right now isn't it yes i mean he definitely has has brought power to center on himself he's putting that the party is moving into every area we're seeing a lot we're seeing in some ways the great entrepreneurs of the last 10 years we had gentlemen from wanda we had jack ma from. they kind of they're kind of taking

a backseat now in the party profile is becoming much much higher folk up as a trading partner china is very important for germany how if we're looking into the next 10 years how is that going to develop the relation trading relationship between germany and china how should we as germans treat china i do think we stand a crossroads right now the question is how will the development between the partnership. or not between 90 states and china will develop and it seems to us that the u.s. government is. driving us is forcing us to say either we are them but the damage would be. tremendous for the world economy and we do it see it right now so i do hope that we can develop a partnership with china as well like we did china is our 1st major trading partner

in the mean time since 2016 and you can't decouple value chains very easy and that's a threat right now a belgian road china clearly has a long term plan there. it remains to be seen if that works but it's at least it's a plan and easy any other large economy with a comparable vision for for their own future i mean. they are labeling the chinese a labeling a huge infrastructure project very well from their perspective in the meantime european union has developed even more pro tax on the eurasian look just sickle different ways to china than the chinese but nobody is speaking about a a european a building road initiative so therefore it is not the tremendous the only

initiative the what we are experiencing right now but they have labeled it it will end but we have tried to shape it from the western economies so that we have preview mint procedures like we do want right now there's a threat that china is setting the standards for trying thank you very much that fatoumata thank you. now while china is no longer posting double digit growth the country does have an ambitious investment plan for the future at the core of it we've just talked about it it's the so-called new silk road it's an infrastructure development projects planning more than 60 countries will see beijing's building beijing building ports rail networks power plants and roads across the world enabling the country to tap

into export markets and also gain access to important role materials the chinese have also long been interested in germany as an investment destination between 2005 and june of this year 38500000000 euros of chinese direct investment flowed into the country innovative technology is of special interest to beijing a study by the bertelsmann foundation shows china is is specially keen on drive technology for cars energy systems and biomedical and mechanical engineering and right now trying these investors have their eyes on an apple in southern germany the large black farmers the airport is currently being leased by a german engineering company but it's not the only one that is keen on the chinese moving in a solitary helicopter buzzes over the runway but there's not much else going on here at la or airport in southwestern germany there's

a boeing 747 used for test flights otherwise the skies are empty. but because the city of largo has contacts in china investors there learned about the former military airfield the mayor says it has a lot of potential. and of its own to you if you look around the world as there aren't many people who are in a position to recognize these benefits and take action as well as provide the financing so sooner or later you're going to have to deal with china but the idea of the chinese taking over the airfield caused a stir in the city of $47000.00 after all flight operations have been kept going at least on a small scale thanks to a tunnel boring company had been cashed it likes things the way they are and it isn't alone in rejecting the new plan not to snooty if you lot doesn't need it to the airports doing well it is a good solution with half and commish to and other companies on board if we can keep going the way we often now and take half time to see if there are

opportunities for investments in this tool and british and australian companies already had big plans to connect with the world but they failed what the chinese solution be any better. they've been very bad experiences with chinese investors that i think and courts with had i think it's been the only what i need to say is hun frankfurt han airport is not a remote region of western germany quite far from frankfurt for years it was a financial burden on the 2 german states that jointly owned it in 2017 china's h. and a group took it over the result. of that we have almost doubled our growth in freight and that's something we can be satisfied with but there's not much we can do about macroeconomic developments affliction and. translation global trade conflicts are causing cargo levels to fall again a glance at the terminal suggests there's little chance of a revival for frankfurt high on. passenger numbers have fallen by almost half over

the past decade even so the airport is still an important employer in the region leaving people there dependent on the chinese back and lower the airfield has also created numerous jobs but they have nothing to do with air traffic instead it's thanks to companies that have located on the former military base. that's it from me and the business in america did you. go to our website which is for steve w. dot com slash business and to follow us on social media for that you go have a quick look at local markets at this hour thanks so much.

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wrote. or you know and the jointer come up in the morning. refuel the symphonies of john is. the brahms coming. starts october 11th on d'italia enough. and the female. what was life really like for people living in socialist east germany a new online archive featuring hundreds of hours of film reels shot by ordinary people living under the dictatorship has just gone online and also coming up on arts and culture the dangers of making art under the nazis one of the most celebrated novels written in post-war germany the german bus and finally makes it to the big screen. and speaking of german the world famous

october fast with at least one big twist this october fest with hundreds of thousands of visitors isn't in germany at all so where is it. first off though and summit look at life inside the former east germany a dictatorship that hundreds of people died trying to escape now though almost 30 years after the fall of the berlin wall initiators of a new project called open memory box say it's time to finally start looking at other aspects of east germany too. personal memories with coded in a country that no longer exists. these hung movies capture a sign of the full mcneish germany that most outsiders never knew.