coming up chris stover will be with you he'll be talking about the expected economic impact of germany's looming 2nd pandemic lock down i'm brian thomas for now from the entire news team thanks for being. the session for spectacular pictures. it's the passion for nature. it's their complete devotion that makes them the best while mr thomas rosica. and.

confrontational and story. 5 adventures. one goal. the preservation of our planet. starts november 6th on g.w. . germany braces for fresh lockdown restrictions for the month of november while restaurants bars gyms and movie theaters need to close the country's finance minister plan spend up to 10000000000 euros to help effect their business also. 4 days of talks for a fresh 5 year plan communist leaders in china are set to conclude their meeting over the future economic course of the country. i'm chris coble welcome to the program we. must act now to avoid any acute national health emergency as long

a marker says and the government did act imposing a so-called 'd soft lockdown starting monday next week for 4 weeks as coronavirus cases continue to surge now that means fresh financial aid will be needed to help prop up business up to 10000000000 euros are being made available to reimburse the lion's share of company's lost sales as restaurants clubs and bars shut down for the month of november that aid could mean the difference between being able to reopen after the lock down or going out of the. restaurant owner christiana's i'm freeney is nervous many of her customers a counseling the reservations out of fear of the coronavirus and she's also worried about the consequences of a fresh lockdown for the entire sector some free has run her restaurant near bonn for 20 years the spring lock down his heart but business picked up again this

summer some free he says it would be unfair to be forced to close down yet again after all she's doing all she can to stick to the rules. my wagers walk around wearing masks for 8 hours a shift we're careful to collect the contact details and use the partition walls to maintain social distancing the outside we significantly reduce the number of tables to see it. in cologne maryon calls a worries about the future of his cocktail bar regardless of any new lock down his patrons usually come at night but there's a curfew in north rhine-westphalia it starts at 11 in the evening bad for business . but then at the 1st measures a 1 am curfew that we already made a loss of nearly 30 percent closing time 11 pm that became almost 65 percent and in fact it's earlier or even a complete closure at some point we have nothing and we have to shut down

permanently on this one. hard times for hospitality and this despite there being no proof that restaurant visits are responsible for the jump and infections germany's public health body the robert cough institute believes most infections happen in private settings in the september report the institute says public transmission in places such as restaurants occur much less frequently but with many infections it's impossible to tell for sure christiane is i'm for any hopes any new measures will be quick and painless if not the german hotel and restaurant association says 80000 of the almost half a 1000000 businesses in the sector face bankruptcy for more on the new pandemic restrictions in germany let's bring in carson jesse is the chief economist at i n g bank here in germany welcome to the program carson how much of a blow to the economy and germany is this you. you know good morning i think it's going to be an enormous blow so when you look back in the

in the 2nd quarter we had a drop of juror g.d.p. mon well then 10 percent yes then the lockdown was horrible we also had these supply chain disruptions because china was in a lockdown so it's so hard to put out some numbers but just you know to give you some indication the entire sector of hospitality sports culture we they are more than $5000000.00 people are there is more than 10 percent of total employment in germany just assume that private consumption will go down. and also assume that even all the coke to that it will go down so in my view we will definitely see it contract off the journey economy in the 4th quarter the only question is how see the year this contraction will be is this locked down then justified in your point of view. that is very true yet i'm very glad i'm not a politician who had to made up these decisions because as angular all said

yesterday it was a very tough decision rather not an easy one in terms of the economy i think what is important is that there will be a perspective because it is this now this stark of several circuit breaker lock downs because the promise is everything will open up in december but could we see another lockdown in general we see and on and off this will be probably the worst scenario if it is another one off and then we can gradually return to normality it is justified but i think what we really need in germany or for the economy and also for the the well being of the people is a clear plan a perspective how the whole thing will evolve over the next couple of months and not only over the next 4 weeks of course lobby groups for the hospitality business have been arguing against this partial shutdown but hotels restaurants and others they are going to be reimbursed with up to 75 percent of last november's revenue as

sort of a reimbursement that's not a bad trade off as it. it's tipping out of a trade off and out of the numbers that we heard yesterday from fine is going to their shoulders that this could be a total of $10000000.00 euro again edition of fiscal stimulus and that is a good one but i think also to keep all these these companies these hotels because face it restaurants in business there has to be a perspective because that in the all the these companies have also invested to be college proof now so if it's only a 4 weeks and then everything could return to normal yes then these 10000000000 euro would definitely help would be a good trade off but what's going to happen afterwards and that's the whole thing i think really really need certainty to perspective because the economy is also a lot about psychology. mazursky chief economist at i n g germany thank you for thoughts. and now to some of the other global business

stories making headlines it's the u.s. versus the rest of the world in the race to elect a new director general of the world trade organization a consensus committee within the w t o is backing a nigerian candidate that would become the 1st woman in the job while the united states is backing a candidate from software that the british auto industry is a no nosedive due to the coronavirus and then make year over year comparisons show that manufacturing fell by a 3rd in every quarter this year a big reason is a decline in exports with fewer shipments to china the european union and the united states. it used to be about harvest targets nowadays it's about china's future as a juggernaut in the globalized economy 4 days communist leadership headed by president g g ping have been mapping out china's economic course in the next 5 years the talks were held behind closed doors never the less one general seen seems

to be clear less dependence on foreign partners. even giant towers like this so the result of 5 year plans the skyscrapers of shanghai sprang up in only 30 years because the communist party decided they would review the economy was opened up allowing inward investment and endless growth for a few decades it went well and china became the world's 2nd biggest economy but where does it go now china is dependent on exports something presidents easing pain would like to change especially with international trade conflicts worsening. the trade dispute with the us has shown how vulnerable the chinese economy is to become more self-sufficient the party leadership needs to strengthen domestic demand which requires a significant increase in household incomes. beijing doesn't have that much money on the contrary the national debt is growing and without global markets china's

economy would collapse. chinese companies still need technology from abroad. becoming as party leadership has also realized that endless growth doesn't work without environmental protection the environment will also feature in the 5 year plan outgo the coal fired power plants in a bill in a g.'s. your correspondent. so a lot of this seems to be about private consumption how's that going to be featured in the 5 year plan. well you know as we have to understand that china is a unique hurdle in the area of consumption that is the huge income gap between the role and urban area the g.d.p. per capita is above 25000 u.s. dollars for $330000000.00 people in china but holden $1000000000.00 people is still

under $4500.00 so even though the actual plan is not published yet by the point to get reports and other resources we know that the new 405 year plan will deal with the deep infrastructure problems like household with ration security and income increase to bridge the gap and create a solid middle class to boost the private consumption so china is a leader when it comes to technology like 5 g. like electric mobility nevertheless the availability of components have become an issue has become an issue because relations with the u.s. for example have been souring how does china want to address this issue. what china has listed 25 items on its plans of technology choke point that china is facing from foreign countries including high end the copper the machines on chip

many in fact dream and and other things like has the no computer and mobile phone operating system and aviation engines so beijing has been lots of money to reach china all the rads technological stranglehold posed by western countries so that they can achieve a person seeking peace goal of becoming the world technological the protocol or by the middle of the century and so what does the a 5 year plan tell us about external relations how does china view itself and its trading partners. well beijing keeps telling trading partners that china is an opportunity not a threat to them and it's true in a way because china has the advantage of having the world's largest population the largest middle class and the largest. manufacturing industry and at the same time beijing has turned low key about its players like made in

china 2025 and china standard 2035 all these plans either make china the leader of all of the high tech like 5 g. big data etc it is that they will keep doing it but not to say that out loud so that their trading partners will feel this competition going our correspondent sold sign hand in taipei thank you. and that wraps up our show for more you can as usual at our website at the w t w dot com special. thanks for watching of yourself a successful day. president

. the german economy is closely. there's a change. in germany.

and this is climate change. for you. smarter for free. trump or biden whoever wins the u.s. presidential election the rest of the world will be watching it's safe to say that 4 years of donald trump has u.s. president has left their mark on the world's biggest economy and its relationship with its trading partners around the globe including europe. own welcome.