football news now and running german cup champions by munich have been knocked out in the 2nd round of the competition by a 2nd division side she'll the leading 21 killer equalized in the last 2nd to send the match into extra time then that with the score still to all it went to penalties which converted every kick but by an missed one it's the 1st time in 20 years boniface added the german cup at this time ok watching day w. news up next is monica johns taking us through the business news of the day i'll be back at the top of the hour this morning news. it's about billions. it's a problem. it's about the foundation of the border the new

silk road. china wants to expand its influence with this trade network and so in europe. china is promising its partners rich. but in europe there's a morning who never accept money from the new superpower it will become dependent on it china's gateway to europe. starts feb 19th on d w. this knows stopping china while the rest of the wealth struggles with the economic fallout from the pandemic of china's trade gives record high. what is china's strength mean for the global economy we talk to the president of the european chamber in china about their latest report into the country's decoupling strong.

also coming up how small shops and companies in germany on grading the lockdown crisis with new ideas. hello and welcome to do the view business i want to get johnsonville in good to have you with us now $535000000000.00 u.s. dollars that is the size of china's trade balance off to exports grew in 2020 lifting its surplus to a 5 year high that despite the coronavirus pandemic and a trade war with the united states in december exports 18 percent on the previous year supply problems elsewhere helped to boost the amount for chinese goods china's robust recovery also drive domestic consumption of foreign products with imports also beating expectations. a report just released by the european chamber in china implies that the asian power how it has long managed its interdependence with the world's economy in a highly strategic and limited mana what does this mean for foreign companies

operating there well that's something i discussed earlier with the president of the european chamber in china and i started by asking him if china was at all interested in being a team player in the global economy where they're very interested to be a team player as long as everybody place according to their rules of course i mean the pinto was widely used as football you know their view on football is very different from ours we think about continental soccer with referees and they have american football mind was geared pushing for yards so we really need the u.s. and europe to get together involved make sure that china is a good team player but according to international rules and said they won't. well until we get to europe and the us together in order to join forces to achieve that what's not currently the main risks for european companies that are based in or having some situation in china on the risk over

is of course i mean the average risk is always the competition chinese companies get better you have a very fast changing consumer ship but with the atlanta outlined in the coupling story is that the new risk supply chain it is if the u.s. basically unplugs you on semiconductors as happened to a european car company last month they had to shut down 2 companies in china and to send 10 sells cars produced less there is small items that actually can basically set you back as well as software so when you think you have a great supply chain here the study is supposed to be a wake up call telling people that software is also be going to be a real challenge if the u.s. insists on the us off their china insists on their software and then all of sudden use it to between and you can produce so in a way this study really is supposed to be showing that don't don't just be

complacent all right i mean how about this new european china comprehensive agreement on investment that has just before the last year ended sort of been agreed upon does this help. well i mean we had 7 years of negotiations and i'm extremely grateful that this is not done and as it looks like we don't know the entirety of the text it is baby steps but is in the right direction we have very happy that we can do a couple things more 'd that the gap to the american phase one deal is shortened but again in the in the mentees of the things of the decoupling you don't fight an amputation with a band aid so in a way we need much much more activity there investment agreement is good but it's not going to swing the needle in the big picture i well know that china of course is this huge huge market and everybody wants to to get pot have

a pot of that the trump administration suddenly norwich the u.s. china trade war but criticism on china existed way before and it's likely to continue under the new us president won't it well that's the unfortunate thing is that it's bipartisan and it's something that is going to drive politicians if you look into the rating of china in europe it went from 5060 percent positive 10 years ago to 78 percent negative as of last year so that gives a lot of food for thought for all politicians to be either tough on china on mr china so china actually has a part in their own hands in order to be actually accommodating less assertive oreo's the word but no there is there is enough push back and i'm really worried about it it looks to me like a slippery slope and in our study we really tried to tell the governments fellows we need an exit ramp we really cannot go on like this primarily of course we mean

at the chinese government here but it's also meant to be in the us it's not it's a grim picture actually all right the president of the european chamber in china thank you so much for your time if you. time now for a look at some of the other business stories making news. disneyland has a new attraction and it's targeting mostly senior citizens the theme park in orange county has been turned into california 1st coronavirus vaccination super site it has the capacity to vaccinate of thousands of people every day the parks hotels restaurants and usual attractions are currently closed home sharing platform air b.n. b. is blocking and canceling all reservations in the washington d.c. metro area during the week of president elect joe biden's in on curation that also includes bookings made through its subsidiary hotel tonight security forces are on

high alert after supporters of presidents trump stormed the u.s. capitol last week. social media app parlor favorites platform for rights when voices might not come back into service says its c.e.o. the site has been cut off by major service providers including apple google and amazon they accused car of playing a role in connection with last week's storming the risk capital. of a governing coalition in italy is on the brink of collapse after former prime minister matteo renzi pulled his party's ministers from the cabinet francis at the government's coby $1000.00 economy relief plans where in adequate prime minister just half a continent now needs to cobble together a majority or face a new confidence vote. and what does that mean for italy's economy let's ask our financial markets. in frankfurt. what does this mean actually for the

covert 19 relief age there. well it is in jeopardy monica and we're talking about a huge amount of money italy or supposed to get more than $200000000000.00 euros out out of this covered relief package you know the funding that the european union provides in order to help the economy in the euro pean union to recover after the pandemic is over the funds are a mixture of loads and grants and obviously the 5 star party in a row which is backing the prime minister tries to avoid too many loans here because it doesn't want brussels to have too much of a say in how the funds are used that is of course. bit of a strange position here. you have to permit the one who you know pays the piper also tell at least a little bit of the tomb. nice nice image there i mean we know of course that

italy's economy wasn't exactly in good shape even before the pandemic hit and it hits that can be particularly hard what is the potential now of this latest development seriously disrupting the markets. over the potential is rather great because the whole recovery scenario on the stock markets in europe also the strength of the euro recently was based on the speculation that finally finally europe would get its act together this time of course. i don't want to spoil this idea too much but in the past italy was among the countries with the poorest record of absolving money from the european union the administration of the political system simply has not shown to be very able right there watching the situation from frankfurt thank you so much. despite state

aid thousands of shops here in germany face bankruptcy and that's according to the retail trade association to survive months of shutdown you have to be creative here now is a small family business that won't give up so easily. advising customers via video call that's the case for charlotte her parents stroller store is closed due to lock down so she's been advising customers from afar. as they should have the service is a slum inviting. it's nice to have this option because it's a bit easier to imagine then with pictures only. stroller retailer for the fonts in berlin i had to come up with a strategy to survive since the 1st lockdown last march sales at the small family business have plummeted. mosquito. difficult things once

a month i told them we typically sell between 300-3500 strollers and i think in 2020 we sold less than 1000. for this mother and daughter team delivery services are now part of daily business. most of the time i write them on facebook and say do you have this or this maybe if they didn't have it there they've taken care of it right away and we could get it quickly. more and more retailers are delivering products in lockdown but other sales channels are also making inroads according to the german retail association. so she concludes there is the classic click and collect more example of customers order the goods on line phone or by email and then can pick up the goods from the retailer under corona save conditions all. these

parents are expecting twins they're picking up their double stroller here in the store in a pre-booked time slot after a video card salt. come on here in the. first frankly. we thought especially in these times with coronavirus and company to support retail so that afterwards it's easier to go back to business as we know it you know what i'm going through those other can. bellefonte is also expanding beyond products to offer services like repairs the company is mastering its way through the crisis customers won't want for much even after the pandemic. and filing the check your long before border patrol does it with britain now firmly outside the e.u. british fairy passengers have had hans sandwiches and tinned dean's confiscated by customs officials at dutch forbes due to strict new rules on the import of need

fruit vegetables and fish from outside the e.u. . yeah. yeah. and there we see them looking us through all the stuff that's taken along well clearly bracks it hasn't made travelling easier or having your favorite sandwich. and it's all thrown away what a pity that stole it from us 1 thanks for watching. me . discounted and inexpensive animals are suffering i mean farming is trying out. new trends. feeding resources. price war on the plate how good is cheap.

meat in germany. next. passion drama competition rivalry marketing numbers atmosphere by at time intuition love hate money and as fans of crimes 5 spams and found. on you tube join us live. and today is a very polarized world there are still some things we can safely say unite us like food we all have to eat but we're only that simple.