welcome to his missing asia johnson with us emerging markets stocks ended a 6 day winning streak today on dismal data from china its economy grew at its slowest pace in nearly 3 decades in the quarter weak demand at home and abroad is hitting production the trade war with the u.s. doesn't help either. from the steel works. to the container ports of guangdong and to shanghai as luxury shopping malls growth in the world's 2nd largest economy is losing its gloss china's g.d.p. grew by 6 percent in the 3 months to the end of september that's the weakest growth since china started reporting data by quarters in 1903 officials warn of an increasingly challenging environment yes and you do the economy maintained overall stability in the 1st 3 quarters however we must know that given the complicated on severe economic conditions at home and abroad slowing global growth and increased

external instabilities and the uncertainties economy is under mounting downward pressure. many problems china faces are home grown industrial output and fixed asset investment. china's army of consumers provided some relief retail sales edged up nearly 8 percent. the us china trade war is casting a long shadow slowing china growth could even cause global recession. for more let's bring in our asia correspondent andrea hang in singapore that 6 percent gross in the 3rd quarter instead of the expected 6 point one percent how big a deal is that. well monica it's actually not a very big deal given the fact that the chinese government did give a very white target range of between 6.0 and 6.5 percent for the entire year now this is also leading to the since it's officials in beijing who say that they have

somehow maintain stability overall in the quarter. while how reliable is the official data that we're getting well this is a very big point of contention for everyone and it's inherently because the chinese statistics officials are unable to don't have the capacity to manage inflate it figures that come from the local departments now researchers say chinese the chinese economy is actually about 12 percent smaller than official figures declare and it's also overstated its g.d.p. growth by about 2 percentage points annually especially in recent years but on the other hand there are other observers who save the recent lowering earlier this year office g.d.p. focus shows that the government is willing to fix those data problems so. if the government has the need to fiddle with figures i mean what is china's

biggest problem right now apart from the us china trade or. well as you said obviously the trade war with the u.s. has dealt a very big blow to the chinese economy but it's also come at a time when domestic consumption has weakened considerably especially in the last couple of years now the government has introduced some measures including tax and rate cuts in order to boost and stimulate stimulate the economy and it's also recently lift at some of those restrictions on foreign investments as well but it has stopped short of introducing a lot to me a list package and that's there's a reason for that and that's because they are free of adding to an already high debt pile and that's already would be credit rating now it does it also has to tread very carefully here because lower growth equates to job losses and there's going to be a very politically dangerous move for beijing when you mention something very

interesting we have a piece coming up on exactly that point under your hang in singapore thank you so much. because a slowing economy as we just heard could pose a problem to millions of chinese migrant workers in the country's manufacturing hubs jobs are getting harder to find as factories leave china for lower wage production sites. this district of joe in southern china is a migrant enclave you share my and her friend there are among china's estimated 280000000 migrant workers today the 2 are hoping to find work in one of the sweatshops. usually my checks the coat seems to judge how long it would take to finish one too long for her she'd prefer to try elsewhere. this business would pay her $80.00 watt in around one euro for each article of clothing that would amount to about 20 euros a day. a year ago she was able to earn twice as much as the seamstress.

you would just. it's hard to get commissions because far too many people are looking for work and that is pushing down wages the situation is much worse than last year there are too many job hunters the economy is not doing well a year ago things were much better for us it was. here like a. social have to continue to live off her savings. nearby there's a factory where the sewing machines are often unused for days at a time. that's been the case for months as the manager. awful this year is bad really bad we haven't been working to capacity. last year we hired 30 workers this year we only have half as many. fewer orders mean less work for the people here and that means they have less money to

spend economists say that's one major reason for slowing growth in china but it's not the only one. it tang that straight a lot with the rest when the global economy is weakening whatever reason is and that put a very negative pressure on the economy. southeast of course won a major manufacturing hub but there's little sense of bustling activity here the banner offers factory space for rent across the way it's a recruitment agency the bus home says that factories in the tech sector that make mobile phones for instance are still hiring but other companies have left china altogether. some of the factories have moved to southeast asia especially shoe manufacturers. that are you know at the moment that's putting pressure on the local job market here. showing that as well to be educated.

and that means that you share my is likely to face months of uncertainty before she finds better paying work. in the united states has begun imposing 7 and a half $1000000000.00 worth of tariffs on the european union the world trade organization approved to the punitive measures to subsidies that the e.u. gives airbus planes the u.s. originally went to the w t o back in 2004 the duties affect a long list of products like wine cheese and ham the european commission has a list of counterterrorist it wants to impose on american goods as washington's subsidizes boeing. write more tit for tat tariffs here in the offing. is standing by for us in germany's financial hub frankfurt all they want to do that is terrorist mean for e.u. companies. well it means that they will have to have

a bit more trouble perhaps selling their wares in the united states because on top of the sales prices will come these new tariffs and that means a fewer air bus and if you're selling a plane to a u.s. airline then the u.s. airline will have to shoulder that tariff on top of sales price the airline can of course choose to pass that on in the terms in the way of higher passenger tickets if it get away with it and that very competitive market and ultimately the passenger will be paying for it and the same goes for wine or cheese you can pass that on to the consumer you can also choose if you don't want to worsen your competitive position to suck it up incur perhaps losses and slash jobs in order to make up for it and of course the e.u. says it will hit back is this the start of yet another trade dispute. well it's a continuation with with a new level of escalation and i mean you just mentioned the word to for tat in the

next year the e.u. will have its case decided and it might be able to slap tariffs on u.s. wares coming in because of its claim of unfair subsidies for boeing. and bring a lemaire the french finance minister has said after a meeting with the u.s. treasury secretary steven the news in the e.u. is ready to enact counter measures when i tell you about in front thank you so much . while those new u.s. tariffs on your products kicked in today let's take a closer look now at how those duties of 25 percent on agricultural products impact french wine. in the beaujolais vineyards this year's harvest has been better than expected despite the frost and drought now it's time for a final taste before the wine is released to the world this year success on

traditionally its biggest export markets the us is by no means guaranteed that poor folks and that is the 1st time that we've had a 25 percent increase in one go is a bit of a sucker punch. dominique gets 10 percent of his turnover from the states he's relying on good relations to keep importers on side. in another famous french wine region makers of burgundy hoping vera few taishan for the highest quality will see them through the tariffs coats de-bone for example is known to connoisseurs around the world. not just your the wine industry offers more and more interesting products from more and more countries so we can predict how american consumers and american traders are going to react to such a sharp increase in prices these 2 months after a failed attempts to get the start date of the tariffs put back wine producers have

to adapt to a tougher route into the american market. now one day after britain and the european union came to a tentative breaks agreement the pound is taking a breather after having scored its banks best 6 day streak in nearly 30 years investors however have doubts about prime minister boris johnson's chances of getting the new deal signed the british parliament will discuss the new proposal on saturday. and that is your business update here on t.w. from me and the business asia team here in berlin thanks for watching.

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. connecticut. the but. this is deja vu news live from berlin barcelona is at a standstill in that widespread outrage of the jailing of cattle and separatist leaders tens of thousands of taking to the streets for its 5th day of mass protests a general strike has caused widespread disruption and a key soccer clashes postponed violence has flared as some masked protesters clashed with police in the city center. also coming up a gun battle in mexico police tracked down the son of the notorious drug lord el chapo in a shootout with cartel.