and freedom the 1st words of the german national language. and the 3 central values that form the foundation of those countries. who have these values do go up to post-war germany. hard is it to live by and defend the principles of unity justice and freedom in our work every day lives. our journey took 3 part series stars or total 21st d.w. . believe. while the us hailed as a breakthrough china says more talks needed we'll bring you the latest on the trade war between washington and beijing also on the show as the top minds in german engineering gather in beilin what's challenges are they facing. not one but 3 people have been handed this is economics nobel prize well look at their

contribution to the world. and robots in but then this is d w business thanks for joining us. china wants further talks to hammer out what the details will be of a so-called phase one trade deal with the united states beijing may send a delegation to finalize a written agreement that could be signed by president from pound president xi at the asia pacific economic cooperation summit in chile as soon as next month meanwhile u.s. treasury secretary steve menuhin has warned a new round of terrorists to take effect in december will still happen unless a deal is reached well for more on the effects of the existing tariffs we can speak to. from the asian development bank at director of macro economic research division

so we've already got tariffs on hundreds of thousands of dollars on chinese goods billions indians and yes hundreds of. what effect they already having on on asia as a whole right the number of affects the 1st is you're actually seeing a decline in investment pretty broad based across the whole region so if you look at let's say the 11 largest economies in developing asia in 8 of those 11 economies we saw a decline in the contribution of investment to g.d.p. growth in the 1st half of this year compared to last year so that's one it's really dragging down of course that's not the only factor slowing global liquidity in trade but also the electronics but definitely the trade calls that this playing a part there the others trade redirection you are seeing say china china's exports to the u.s. declined by about 12 percent in the 1st half the vietnam's exports have gone up by 33 percent to the u.s. by the dish also seen its exports of the u.s.

increase so there are benefits to be had with a silver lining for trees in that. the u.s. customers are not buying from china but they're looking elsewhere so all businesses . elsewhere in asia changing best strategies to react to what's going on between the u.s. and china so this is for us as it's been going on for many years as china's as it's become more expensive to produce in china us we just have gone up there there's already been a relocation so companies have been looking elsewhere including chinese companies and american companies have been looking elsewhere in developing asia i think what's happened with the trade conflict is that process has accelerated so you've seen increases in if the f.b.i. approvals from american companies and chinese companies into the rest of developing asia there have been what seem like some more positive notes coming out of beijing and washington they have for the past week or so how seriously do you take this talk over an outline preliminary deal yeah i mean if you look very if you look

closely at it i think it's far from what's needed i mean if this is what we count as victory no that was poland of the tariffs and. agricultural purchases of agricultural products by china it's really far we haven't rolled back any of the previous tariffs the tariffs that are going to kick in in december are still on the table and we really haven't even tackled the deeper issues of you know that that started this whole thing in the 1st place force technology transfer intellectual property rights and all these things so we've we've got some good talk but we need some some concrete a lot has to take place between now and the apec summit thank you very much for taking the time street was usually in manila in berlin for us today. from the asian development bank and now u.s. president trump says he will quote destroy turkey's economy stop negotiating a $100000000000.00 trade deal with the country and ramp up tariffs on its steel to

50 percent the threats are an apparent efforts to put pressure on ankara to halt its offensive against kurdish forces in northern syria which began after president . trump announced the withdrawal of u.s. troops the white house has also imposed sanctions on 2 turkish ministries and some senior government officials already. and german carmaker volkswagen is also looking at turkey's offensive in syria the company had been planning to build a brand new factory and is mia but now we has called the planned investment into question according to media reports there will be no contract signing for the time being the veto we a group says it needs time to make a decision about its turkey plans. now around $500.00 of the top minds in german engineering a gathering here in berlin today marks the start of the german mechanical

engineering summit bringing together designers manufacturers and decision makers the industry though is facing many new challenges ranging from trade wars to major disruption to sectors such as the auto industry's shift to electro modality well. this sheet metal for 2 machines is made by the b c w company in berlin it's sold to engineering companies that build machinery for car production. that puts this family owned business at the start of a long supply chain for the machinery industry but problems in the automotive sector are weighing on busy don't lose order volume. reasons why the in this calendar year and 29000 we've seen the significant decline in the volume of orders in all areas that are directly or indirectly related to automobile manufacturing. germany wide around 1200000 people are employed in the machinery industry considerably more than in the car industry many of them work for small and

medium sized enterprises such as the folks company in berlin with just 4 employees the firm makes specialized machinery for materials testing it has a narrow range of products but until now the order books were always full today orders are stagnating although the owner remains cautiously optimistic still to its current we're not expecting any great increases but i'm confident that our business will not dramatically declined to almost a stop most other firms are less confident and germany's mechanical engineering industry association says orders are also being pushed down by the trade dispute between the u.s. and china both important markets for the sector and loosen but what we need is trade agreements with other markets such as the free trade agreement with marcos or the south american trade blog or with canada catchwords we really have to push that kind of thing forward. neither of those 2 trade agreements have been ratified and they look set to take

a while but sheet metal processor busy doubly new orders now and it's looking beyond the car industry where orders have declined by 20 percent. yet hoping yet at the moment we're compensating by reorienting in the areas of lab technology medical technology and exhibition construction to make up for the shortfall but. it's not clear if some employees will be let go but the drop off in orders from the automotive sector may be a lasting blow to the machinery industry. while it speaks to data we use only box and frank so what's the biggest challenge faced by manufacturing in germany as they gather here in bad then. i think it's a whole bundle of reasons we heard some already the tariffs slowing world economy the problem of ip but also the high wages and the high social benefits here in germany it's been putting for decades pressure on german manufacturing on the

engineering also to continue to improve their cost picture and their efficiency and one big problem becoming ever more present is the need for many family run firms by a patriarch to find a successor or a buyer for the company so how well placed is jim and to cope with these challenges coming up. i think germany is extremely well coped giving all the challenges of course but remember many of the engineering firms in germany are number one or at least number 2 a few number 3 but that's already a pretty poor position in their respective specialty areas building bottling plants or baking ovens or making parts for the auto industry or otherwise they wouldn't still be around and lots of skilled workers you need german education system with dual education and with skilled engineers coming from universities germany remains very competitive so what is seen as the strengths around the world. i think the

strength is the dependability the quality the innovation the inventiveness of german engineering and also the ability to not only produce the wares but also to service and repair them quickly and efficiently germany has a very big reputation for this people jetting around the world from small hamlets to to china or america to keep production going. well thank you willie barr in frankfurt for us now how to rid the world of poverty has been a question that's troubled economists for as long as there have been economists but the contribution of 3 researches has changed the way that challenge is approached and now they've been rewarded with a nobel prize this year's nobel prize for economics goes to 3 economists specialized in poverty and how best to combat it. french born s. to do follow her indian born husband ben a-g.

and american michael kramer have helped millions of children by favoring practical steps to tackle their problems over theory all 3 lecture but us universities. are taking a broad questions such as why a kid stopped learning in school and then they break that down the too many more detailed questions and then they combined is. to be able to say something about underlying causes of poverty and policies to combat. the royal swedish academy of sciences lauded the trio for what it called groundbreaking research into what works and what doesn't in the fight to reduce global poverty their work showed her poverty can be addressed by breaking it down into smaller and more precise issues in areas such as education and health care the new solutions with untested on location. has to do flow is only the 2nd woman to be awarded the nobel prize for

economics and also the youngest but $46.00. it was incredibly humbling to tell you the truth i thought i didn't think it was possible to win the nobel. g. have been studying the problems surrounding poverty for decades they're also the 1st married couple to be given the. india's prime minister narendra modi congratulated the trio on twitter and a stream of well wishers and journalists were also quick to visit. in the indian city of. the 3 economists did most of their research and field testing regions around the world. thanks for watching.

us after the fall of the berlin november night w. . i was issued when i arrived here i slept with

people in a room. it was hard i was fit. i even got white hair. this keeps me and they go but you need to instruct the face you want to know their story . and see her fighting and reliable information for margaret. welcome to news from the world of ops and culture the wenna of the german book prize has just been announced we'll have a report about that in a minute also coming up. in our series 100 german must read a book by this year's winner of the nobel prize for literature. work from memory.

is already concert performance performances even though he hasn't finished his studies that's because 12 years old. and horror movies that can't be true often inspired by real scientific discoveries an exhibition in los angeles looks into scary science. the german book prize is awarded by the german publishers and booksellers association so the best german language novel published in the last year it's just prior to the frank cook book fair which starts on wednesday and is intended to draw attention outside germany to authors writing in german winning book will almost certainly be translated into english this year's winner is such a stunning who came to germany at the age of 14 as a refugee from the bosnian war. does where it comes from me

is it a matter of genes or birthplace or is.