but have to do with business asia want to get jones and lynn thanks for joining us and the international monetary fund has just cut its outlook for the world economy citing trade disputes for the slowdown the i.m.f. is now forecasting 3 percent growth for this year the weakest since the 2008 financial crisis now this trade talks between china and the u.s. are faltering and the latest development the chinese government has said concrete conditions according to her bloomberg china wants the u.s. to roll back the terrace imposed on chinese products at the start of the trade war then and only then will china need its side of the deal and buy 50000000000 dollars worth of american agricultural products donald trump said the 2 sides were getting close but it looks like the deal struck at the leak and is heightening by afraid of your. point of

a more on the impact of this protracted trade war is having on china as well as other asian economies i'm joined by our director of the mocker economic research division at the asian development bank so good to have you with us let's start 1st of all with this latest development what do you make of china asking the u.s. to be rolling back levies so that they can buy agricultural products of beijing that cash trucks but that's a bit funny. china's a 12 trillion dollar economy they can obviously afford to buy more of cultural products if they want what is true and what's maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and their asian development all of that that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. taking away about $80000000000.00 and of g.d.p. and about the 5 more than $5000000.00 jobs so in that sense it's non-trivial they do what they do. the tariffs rolled back just

a postponement of the tariffs today was not is not enough and if china needs basically this trade war to end rather sooner than later why do they insist on further talks there was an understanding reached over the weekend well i mean further talks are needed because even the understanding reached over the weekend is really rather limited i mean what it was the only concrete things were the delay of these 15 tariffs and china buying products there was talk of you know agreements on currency. intellectual property and financial services but with without any details provided and again without anything signed so for them even for them to reach something concrete on that limited agenda by the apec summit in the vet member is it's going to they do need extra talks actually of course it's this deceptive tractor trade was weighing on both the the i.m.f. has just cottle's of growth forecast for the united states and it's sending out

a very sort of staunch warning saying that the situation was precarious there's no room for any mistakes what's the need for economies in asia so so there are 3 main effects one is that if you look at investment in there in the region it's already declined so in 8 of the 11 largest economies investments contribution to g.d.p. growth has declined in the 1st half of this year compared to last year a 2nd effect is obviously if china is getting hit they are selling less to china so this whole global as regional supply chain that countries are getting hit by that there is a silver lining however trade redirection so you do have many countries seeing their exports to the us increasing vietnam by 33 percent bangladesh by 14 percent so that's one of the others production redirection you have if the i flowing into these countries business is realize that this trade war is not going to go anytime soon and i would like to close with a silver lining. from the asian development bank thank you so much for your time

thank you. a surging pork prices caused by a widespread outbreak of swine fever have driven up china's inflation in september overall inflation was up 3 percent mostly on the back of a double digit percentage increase in food costs the prize of pork roast 70 percent a hefty rise for a country where pork is the most popular meat the government has released of pork supplies from its central reserves to stabilize prices and has raised import quotas from the u.s. . meanwhile australia for the 1st time has cancelled a tourist visa over under cleared food including several kilograms of pork that as the country tries to keep itself free of african swine fever. the 45 year old woman who arrived at sydney international airport on saturday was sent home to vietnam and banned from returning to australia for 3 years the decision signals

a new hard line in australia's efforts to keep itself free from african swine fever we need to keep up piston disease free status as a country strong and with the threat of african swine favor reaching across europe in the not last not last 8 months right throughout southeast asia ensuring that our pets and disease free status from this disease which some say is potentially the worst animal health does a the world will ever say the disease has wiped out pig populations across asia and europe and was recently detected in east timor just to australia's north west really and pork exports to asia have benefited from the country's disease free status as herds across asia are being slaughtered because of infection the industry contribute some $2000000000.00 to australia's g.d.p. and employs $20000.00 people. and now to some of the other stories making news

around the world. harley davidson has suspended production off its life y. electric motorcycle which the brand had rolled out as part of a diversity pick ation push the decision follows the discovery of a problem with vehicles battery also it appears biased of its traditional motor bikes and interested in an electric version of their favorite model. the german flight attendants union has called on live tons of cabin crew at frankfurt and munich applets to strike on sunday the walk out of the wages will begin at 6 am and continue for 5 times assess its considering legal action against the strike. take is offensive in the in syria has shocked leaders in europe and the united states from across the political spectrum it's pushed to some of them to issue warnings of the possible consequences to president add one and his government including economic sanctions the business well there's a lady reacting with putting its plans for

a new factory in turkey on hold. the turkish economy has barely made a partial recovery and now this improvement is under threat folks wagon apparently is hesitant to invest in a country that attacks its neighbors that's 1500000000 euros in investments and thousands of jobs put on ice and the u.s. government is also making it clear to turkey that it wants to hit the economy to force president ever to want to turn back. sure as we all want our desire is not there shot down the turkish economy our desire is to see appropriate response these sanctions will be very severe on the turkish economy we will continue to ramp up the sanctions at present the sanctions will only affect individual persons but should the u.s. go one step further and ramp them up as u.s. treasury secretary minucci and threaten the turkish economy could be in

a tight spot the country's currency the turkish lira collapsed sharply in recent months and drag the economy down with it. earlier today i spoke to a. director of global risk analysis at control risks and i asked her how much damage to the u.s. could actually do to the turkish economy. well is any sanctions usually from the point of view of political impacts they they produce this is the rallying around the flag effect so even though the. electoral base has been suffering a lot in the recent months some devaluation of the new year are in generally from rising prices but this riding on the flag effect is going to increase at least in the short term or dance popularity and help him to put across the message that is it wasn't his policies that are responsible for economic slowdown but the conspiracy from the west but it all depends how long those sanctions are going to continue clearly turkey can withstand in the short term the economic impact but the

sanctions if sanctions are going to deepen and expand over significant period of time. or political base is going to suffer and his political popularity is going to start to decrease. a joint report by a german newspaper german public broadcaster w d r in the new york times on dubious business practices adore the german flagship lend gave expensive gifts to senior chinese officials at a time when he was trying to establish itself as a major player in china's financial industry even state back as far as 2002 and has been dealt with. former georgia bank boss years of our command like to meet with influential leaders in 2002 he met with chinese president jiang zemin for this meeting dr bank reportedly paid $100000.00 to a consulting firm at the time that according to an investigation by german media and the new york times in addition a chinese executive authority bank is said to have given influential chinese people

gifts such as a crystal tiger worth 15 $1000.00 and high quality stereo equipment and paid for luxury travel the back is also said to have hired hundreds of runner to observe influential chinese people. giving a gift to a civil servant is a typical case of bribery in public transactions. the hiring of someone's child is no different to giving such a gift a yes of our command says i'm a sponsor that he didn't know anything about all these things according to a probe of the us federal communications commission the bag ended this practice in 2014 german investigations have not yet taken place if it was there why i see an american author already investigating problematic boychuk bank transactions in china and i don't see the same action in germany i think german authorities still have a lot of work to do not go to a bank says it has improved policies and oversight of its business activities in

china. laid off another $350.00 employees it's the us right headings this is 3rd round of firings in a letter to employees a c.e.o. . shot he described it was situation as difficult for us all so far but has cut almost 1200 jobs chef process up plummeted since it made its debut on wall street in may the job losses will hit mainly the food delivery service but it's self driving costs and performance marketing. that's a business update here on g.w. from me and the business asia team in berlin thanks for watching.

just to see you. freedom the 1st words of the german national anthem and the 3 central values that form the foundation of this country how have these values developed in post-war germany or is it the fire engine dispensable. to. power germany starts october 21st on t w. something nice for empires came to jurors or dealing with any and then i killed many civilians. coming including my father was sufficient i was a student i wanted to build a life for myself. but suddenly life became alledge kind of zob. providing insights global news that matters d. w. made for mines. welcome to the girl

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this is the doubling years why from bali and turkey ignores u.s. sanctions impreza head with day 7 of its offensive in northern syria and russia says syrian government troops not control the key town of man's badge as they seek to contain the turkish assault also on the program the president of both garris football federation says he'll step down on friday after racist abuse of england's players overshadows the euro 2020 qualifying as was subjected to monkey chants of nazi salutes from the stands the incident raises.