an os is from beijing the film these protests. he managed to post a live dog of this city cleansing. that. he got it through for those going to a lot of. the world might. give. them a little they feel. they're made up. with him for new yorkers. to know. that well yeah. i'm new. here and to. the kind of regular source of information he's one hundred fifty videos document the residents far to hold on. i know you must you're not going to live out what i may have out of the internet. oh my. god oh my god a spontaneous road block the police lose patience. don't forget that i'm the fuck. up. out of you. put out of your. then i noticed while we've been filming their activities for wakes. yeah you're right about. one hundred one on one young bailey avoids arrest as a precaution he goes and stays with a friend in tianjin a two hour drive from beijing he cut his hair and shaved off his beard but still the oath or he's fined him. not. me measure guard. by its harmony measure government. power. he has just enough time to send his daughter a m

after months of tensions, us officials will meet peers in beijing to talk about trade.ld both sides walk away with a deal? and a taste of british nostalgia on the high seas. that is coming up in our latest programme on the experience economy. good morning, asia. hello, world. welcome to another edition of asia business report. i'm rico hizon. it's a thursday. thank you for joining hizon. it's a thursday. thank you forjoining us. the top story. talks between the two biggest economies in the world. a delegation of us officials are headed to beijing for a face—to—face meeting which comes after months of tensions and talks of tariffs from both sides. the future of north american car manufacturers on the mainland is one of the top issues they will discuss. the bbc understands in the days building up to these meetings, chinese authorities are doing what they can to put the squeeze on carmakers. i am told that ford's importand carmakers. i am told that ford's import and export operations have been suspended, and they see this with the squeeze on them as trade talks prepare to

from an mtr perspective, if you look at our footprint, we are in beijing.ut a year ago, we signed an mou. those are the places we have been focused on. theeople find excitement in belt and road initiative. what plans do you have? >> you are right. the initiative is a fabulous opportunity. , i think it is like 30% of gdp. our strategy focuses more on the software side. academy.ses on our the academy is a training school that we established in hong kong 18 months ago. we had discussions with a number of companies. discussionsaving with indonesia, jakarta, the philippines. discussions in vietnam, thailand. we want to work with, share ideas with, the fabulous infrastructure. >> what are the challenges faced by the industry? is that a result of the infrastructure need? >> what we are seeing in some of the countries we are operating in is the requirement for more people to join the industry, on the construction side, the engineering side. the industry overall is driven by urbanization. thes really driven by urbanization we are seeing across the world. that drives

this is from berlin germany chancellor heads to china but relations between berlin and to beijing are far from cute and cuddly and instead the pair have iran and free trade issues to grapple with as well as china's human rights record also on the program. lava from hawaii's erupting volcano closes in on a geo thermal power plants raising fears of toxic gas emissions that could prompt a mass evacuation. of rough times of the age of eighty five literary works explored the tragedy and comedy of the jewish american experience we look back at the life of a surprised. i'm from gail welcome to the program germany's chancellor lease of beijing today for talks with the chinese government. comes at a time when europe and china are grappling with increasing u.s. protectionism on washington's withdrawal from the iran nuclear deal however despite having these issues in common relations between berlin and beijing a far from straightforward. relations between china and germany are nowhere near as fluffy and spacings representatives at berlin zoo that's despite china's president xi jinping and german

there are meant to be sanctions put but somehow beijing dropped it. happening in the air but we don't really know. by the end of the talk, we should know. so you are saying more about style over substance that we are seeing that the rhetoric has changed a little. there could be firing accusations at each other. at the end of the day, it is the world's largest economy and second—largest economy. it is really damaging for both sides. in terms of the various elements the us wants to see changed in china, the way that it trades, intellectual property rights, that kind of thing, do you think we will see the some movement on the part of the authorities in beijing on some of these key elements? the talk has only been progressing, so far, as far as i know. also, it is what china is trying to do in the next five years. it needs to face the issue by the end of the day anyway. china would perhaps use it as a way of progressing itself using external forces and try to force external change. what comes out of those talks, we will discuss later. the us city of seatt

beijing is increasingly looking beyond its borders toward investments in asia and across the world. their ambitious plans could make china the epicenter of global trade. washington must find new ways to adjust to china's global expansion. china: the new silk road. next on great decisions. (soft music) - [announcer] great decisions is produced by the foreign policy association in association with thomson reuters. funding for great decisions is provided by pricewaterhousecoopers llp. (soft music) - [narrator] chinese history for the past 30 years has been a story of economic growth. - there's never really be an economic revolution quite like china's. the most populous country in the world also enjoying the most rapid economic growth in history. an industrial revolution is far more rapid than in britain or america, for example. - we've never seen so many people come out of poverty so quickly. we've never seen so many people go from the rural countryside into the city so quickly. what had took europe 150 years to do in the industrial revolution, china has done in 30 years. - [narrator]

drinker in this weekend's german chancellor angela merkel visits china we take a closer look at beijing's geo political ambitions president xi jinping has established himself as china's leader for life and he seems determined to transform his country into the dominant global power it's already challenging the us is the world's biggest economy and now china is extending its strategic and commercial influence through the creation of a giant trading that work known as the new silk road. so our question on quadriga this week is the new silk road china's route to europe and to discuss that question i'm joined by three excellent analysts here in the studio beginning with bartsch who's a senior expert on china for the battles money foundation he believes that trying to balance china's influence in a reasonable way may be running. also with us is under as clute editor in chief of hundreds plus global he was once based in hong kong and has for many years followed the rise of china and korea says that europe should stop being naive china has a plan for economic domination of the aeration landmass s

to realizing that goal beijing has a long time horizon which is one of the things that distinguishes china from the western democracies and it also looks far back in the chinese narrative china once was the economic superpower of the world in our middle ages the telling in a city and on words and then came the great humiliation at the hands of the west when the western countries through the industrial revolution passed by and left to be our aim told and for the chinese psyche he yes and they dwell on it to day. to an extent that it's surprising to to us there the opium wars and whatnot. it but in their narrative it's now all about reestablishing what is rightfully theirs which is economic power alongside other powers and i think economic dominance eventually and to translate that economic power into political power and for that they have unlike the west a a coherent plan that has elements like the something useful growed like the targeted theft and transfer of technology and more. no we already living in the chinese century no i don't think we are already living in that in the twenti

iqiyi that was the founder speaking to david there and beijing. -- in beijing.r have launched to talk by bloomberg. it is the first global news designed to offer live video coverage. jump on twitter and follow tick-tock by bloomberg. this is bloomberg. ♪ rishaad: it is that time of the day, haidi and david will be pitting their best chance against each other. well, you cans as access it by going to the bloomberg and accessing the function at the bottom of the string. -- screen who should we start out with. go ahead david. >> we talk about the treasury market, and this 3% level that we, everyone has been assessing with, we aresing past it at the moment. this whole rethinking of what is normal, we put this on a chart, a longer-term view of the u.s. 10-year gilts. taking you all the way back to , the concept of what is normal over the course of 50 years, there are different kinds of normal. rishaad: what about new normals? answer your question, the yellow line is your tenure average back in 2008. the average is a 2.5%. the next stop would be 3.7%. as the 20 year av

but go to beijing. tom mackenzie is joining us for more. it seems agree of avoided some of these nasty headlines in day one. how do you think these stocks have been progressing so far? tom: so far we have avoided the nasty headlines but that is largely because we've not heard from u.s. delegates or their chinese counterparts. economistard from the for vice president mike pence who said that they feel the talks will start off fairly positively. they say the u.s. delegations came over with a list of asks, among them were demands to reduce tariffs, to be on equal footing with levies imposed by the u.s. so china would be pulling in the more u.s. imports. we know the u.s. delegation, we've heard from mnuchin, they and concerneded on the forced tech transfer that they say is happening here. potentially china may talk about. they will not agree to increase their surplus by $100 billion, trust support for artificial intelligence and semiconductors but we made it announcements from the chinese side around market access and imports. likely in the con

beijing's move asa onto china's market.ove as a possible olive branch as the two countries hold tens trade talks. as you were discussing earlier, china is offering president trump a package of trade concessions and this is one of them, increased purchases of american goods, aimed at cutting that us trade deficit with the mainland. negotiations seem to be moving forward, so things are looking positive this weekend. to be moving forward, so things are looking positive this weekendlj suppose looking positive this weekend.” suppose it will be a big olive tree if that is one of the branches. you will need a few more branches on the tree. good to see you, thank you very much indeed. let's turn to our top news story now, because the royal wedding is just a day away, and there are predictions the uk economy will receive a very welcome boost. according to consultants brand finance, the wedding could bring well over $1 billion to the uk. it says, as well as the obvious benefits in increased tourism and merchandise sales, commemmorati

and china hold talks in beijing with smiles all round a few results. how do you like your frosting lab grown diamonds made by scientists are an actual fake they might shine just as bright as those out of the ground but all of a sound investment. base is your business update on how to humphrey glad you could join us well the u.s. department of justice has issued an arrest warrant for vito views former c.e.o. martin vinta cohen for his part in the diesel gate emissions scandal they say that mist of into court conspired to mislead regulate isn't violate the u.s. clean act media reports say that soften the w. here in germany support the u.s. charges against the former c.e.o. german prosecutors meanwhile say their investigation into the into court is ongoing and will not be affected by the legal process in the united states. it couldn't have come at a worse time for volkswagen the announcement that its former c.e.o. martin venter corn was indicted by u.s. authorities it came soon after v.w. shareholders meeting where its new c.e.o. spoke about regaining con

to curtail the technological ambitions of beijing.e any progress being made on their -- on there? good question,ry because one of the things that was announced in the trade statement between washington and beijing on friday was an agreement to increase investment between the two countries. as you have made a point, the trump administration has been very clear in its desire to reduce chinese investment in key u.s. sectors that are related to the china made in 20025 plan. so, that is something the negotiators will have to work through. i actually do not believe they will be able to get a deal with united states says, we are going to close our markets and investments to chinese copies in the united states but we expect you to open yours. i think that would be a real sticking point and difficult for them, for both sides to reach a final agreement, if that issue cannot be overcome. haidi: what does history tell us as to what the resolution to this is? because we have seen a similar of japan,in the rise the rise of certain industries in eur

how close is beijing to realizing that goal?ndreas: beijing has a long time horizon, which is one of the things that distinguishes china from the western democracies, and it also looks far back. in the chinese narrative, china once was the economic superpower of the world. in our middle ages, the tang dynasty and onwards. then came the great humiliation at the hands of the west, when the western countries, through the industrial revolution, passed it by and left it behind. peter: very important for the chinese psyche. andreas: yes. and they dwell on it today. to an extent that it is surprising to us, the opium wars and whatnot. but in their narrative, it is now all about reestablishing what is rightfully theirs, which is economic power alongside other powers. i think economic dominance eventually, and to translate that economic power into political power. for that, they have, unlike the west, a coherent plan that has elements like the new silk road, the targeted theft and transfer of technology, and more. peter: ruth kirchner, a

live to beijing for the latest details. gerri: investors watching stocks closely by reacting tohe federal reserve the more rate hikes coming later this year if theconomy continues to strengthen a current levels. the dow sold off 174 points on defense statement. cheryl: a lot of action yesterday or the earnings parade continues. dow dupont along with the big health the big health care needs ahead of that. your sutures are pointed to a higher open. don't 51 from s&p up six and three quarters. nasdaq up 12 and a quarter. gerri: stocks open under pressure amid trade tensions. taking a look at the mix here for the ftse of 22 points but the cac down 12. dax unchanged. cheryl: stocks in asia actually lower. in japan the market close for a two-day holiday but in hong kong, the big loser there, the hang seng down under 1%. gerri: tesla stock as the stock to watch dr. elon musk electric car company posted another loss and continues to burn through cash. "fbn:am" starts right now. 5:01 a.m. in new york. thursday, may 3rd. m. cheryl ca

beijing for washington with little to show for the two days of talks here. the u.s. had come to the table with an eightnt list of demands presented to the chinese shortly before t some of the highlights -- a demand that china agree to measure so that the u.s. tde deficit by $200 billion by 2020. that by next january china e policies and practices forcing to transfer technology. and that given beijing's own industrial picies, it commit not to retaliate against restrictions on chinese investments and sensitive u.s. industries. the chinese had tough de that the u.s. end the inveigations into alleged forced technology transfers, that it stop threats to impose tariffs on $150 billion worth of chinese goods. and that the u.s. treat chinese companies such as telecom gear makers zte more fairly. relatively ces are big but they were able to reach consensus on some issues like the need ton maint close communications and to set up a mechanism to keep talking in the hopes of averting a trade war. nor "nightly business report" i'm eunice yun beijing. >>> now along those

the people we spoke to from taiwan says what the beijing government is doing is wrong. >> i would say taiwan is only taiwan and china is china. >> reporter: lee mae lives in the bay area but was born in taiwan where she and her husband are off to visit today. >> it is sad what they are trying to do, but you know, we try to stay strong and, you know, move forward. >> reporter: the chinese government in beijing has warned airlines in the u.s. to stop referring to taiwan, along with hong kong and macaou

trade tariffs and beijing find themselves side by side. you know. we are of the view that we should be getting an unlimited exemption from these tariffs we are in discussions with the american government as the chinese government also is. and we work together well in the area of steel within the framework of the g twenty steel forum and could really solve some of the problems. where we we agreed to maintain multilateralism and rules a free trader who. saw americans we agreed to promote trade liberalization and investment opportunities in the. chinese door is open to you for help and will be open even wider better for. the reception here is a far cry from merkel's report with another ally in. her encounters with president trump marked by all her body language and misunderstandings. perhaps no surprise then that merkel's foreign minister had little to show for his visit to washington yesterday with a compromise on iran said to be far off. back in china merkel spent the afternoon with president xi jinping pressing the case for strength and trade and a

tom mackenzie joins us from beijing. what is the chancellor hoping to achieve from the's, which comes at a tenuous time? tom: it does, and chancellor , it is kicking off in central beijing behind me. she will be meeting with president xi jinping and one of her priorities is going to be to ensure that any trade deal between the u.s. and china is not to the detriment of german companies. course, china will increase its imports of things like agricultural product's, services, and energy from the u.s. chancellor merkel will be keen to make sure that doesn't include -- mean german companies lose out as the result of the trade deal between washington and beijing. well, she will be pushing for increased market access. berlin shares some of the concerns of washington around market access and cybersecurity and this industrial policy china has for automation and ai she will be pressing chinese counterparts for reassurance on those issues. in terms of the market access, china will be re-it rising that it has taken steps to liberali

medical visits beijing for two days of high level talks also coming up italy's president gives his approval to become prime minister contains a political novice who will lead the government the extremes is this the beginning of europe's next crisis and bring you the latest from rome. hello i'm terry martin good to have you with us german chancellor angela merkel is in china hoping to strengthen trade ties between the two countries acol is seeking greater market access for german companies and better protections for foreign companies operating there. who's on a two day visit to china it told. that close cooperation between the two sides was essential she'll meet president xi jinping later today michael spoke at a press conference earlier. if once we are pleased with the announcement about the opening in some areas for example the area of finance and also the possibility of the joint ventures to exceed fifty fifty ownership i think german friends will make use of these opportunities. jessel markel there addressing trade ties with china well for more on the chancellor's visit to china let's br

trade deficits, as part of a big package being offered by beijing.er rounds of tensions, as china tries to assume and create more muscle on the global sphere? peter: oh, for sure. the $200 billion number that number has recently confirmed is a big number. the total trade deficit with china last year was $375 billion. so it would reduce the deficit by over half. the problem is that it doesn't specify what kinds of things would be affected. china could very well reduce its trade deficit with the u.s. say soybeans purchases, more oil and gas, but these are not strategic products. it is always a good thing when the u.s. can sell more, but china is on a long-term mission to climb the value chain and be among the first tier of nations, with some of the very best technology, across a wide range of products. it is a long game, china is playing it expertly, and it is not likely to be dissuaded from that by the americans. he came to washington with a very clear mission, to try to strike a deal with the u.s., but not in a way that would prevent "made in china 2

in his first overseas trip as leader that's going live out of beijing. brown is with us so it was have been so long since a chinese foreign minister was lost in north korea. well quite a few reasons really adrian but basically relations between poor and young and beijing have been at an all time low i mean this time a year ago north korea and china simply weren't on talking terms if there was a hotline between beijing and pyongyang it simply wasn't working president xi jinping was both enraged and humiliated by kim jong un's refusal to abide by u.n. resolutions his continued tests of nuclear weapons underground testing of nuclear devices that really did in rage president xi jinping but things started to change really of course at the end of march when kim jong un made an unexpected visit to beijing he was invited all summoned here by president xi jinping and of course this visit came only a few days after it was announced that kim jong un and president from were going to hold face to face talks that is still likely to happen possibly at the end of may or

after that stop in beijing. with only one flight a day from pyongyang to beijing so an a.p. cameraman can stand there wait for those who come off it and see who's on it and keen eyed cameraman that he was he spotted kim jung chill coming off now he's a senior figure in all of this because he heads up the inter korean department in pyongyang and that effectively makes him the man in charge of all these negotiations he's been keep this process the whole way along he came to south korea for the closing ceremony of the winter olympics back in february that of course kickstarted was the catalyst really for this whole process that may yet lead to a summit between kim jong un and donald trump he met with mark pompei o earlier in may in pyongyang so he's very very important to the talks and we think that he is stopping over in beijing to connect to a flight to the united states on wednesday in all likelihood to go to washington to meet. again now that all bodes quite well for the summit of course there are these talks going on in singapore about logistics at the moment between the u

soybean market a sign beijing is preparing to resume purchases agreeing to buy more from the u.s. to lower its trade surplus on the other hand president donald trump says he's not pleased by the talks with china he's worried about compliance with the weekend deal but china is moving fast it's already announced it will slash tariffs on imports from twenty five percent to fifteen and the german carmakers up wasting time in muscling their way into the world's biggest auto market b.m.w. is looking at lowering its prices considering a board have to pay so much in judy's audi as well and the american economy tesla says its model x. will cost four teen thousand dollars leds. amber will be the first german city to introduce a diesel bad due to high air pollution from thursday of next week all the diesels that is models that do not meet the so-called your six emissions standards will be forbidden from driving in certain sections of two therof is. thousands of german cities were found to have exceeded emissions limits several other german cities similar bans. one way to produce emissions is

market access and better protection for tech companies who set up shop in china as medical visits beijing for two days of high level talks. and italy's president gives the country his approval to become prime minister country as a political novice will lead a government off extrude so is this the beginning of europe's next crisis. i'm so me so much going to good to have you with us we start with breaking news from the netherlands where a team of investigators say the missile that brought down the malaysia airlines flight m.h. seventeen need me for years ago came from a russia based military unit the passenger jet was headed from amsterdam to kuala lumpur when it was blown out of the sky over eastern ukraine all two hundred ninety eight passengers and crew were killed russia has always denied involvement in the downing of the jet schieffer let's get the very latest on the story with barbara vessel who is covering the developments of barbara tell us more about the investigators findings. now what's actually not new that this was a russian missile we've known this for around two years but th

sophie: it may loom over trade talks in beijing. those trade wars -- trade woes, shares are following 10%. stocks in shanghai are extending, and after a two-day loss, they are fluctuating so far this morning. and it comes to the currency space, seemingly more comfortable with the yuan range. saying it is slightly stronger. other currencies, the aussie dollar, gaining ground. of the session. easing since then after the rba left the gdp. -- coreral bank inflation in 2018. higher rates will be appropriate at some time, just not in the near term. let's check in on the mood in hong kong. against this backdrop of trade talks. leading 1/10 of 1%. a big track -- dry coming through the we will get to that. i want to highlight from golden sachs.-- goldman low appetite for risk and supported liquidity. goldman is bullish on banks and health care. it could be evident from a debut of the good doctor just as morning. speaking of banks, let's check in on the shares ahead of its first-quarter results. it is the biggest drag on the touch on that so

reporting from the morgan stanley summit in beijing.iew with the morgan stanley ceo and chairman tomorrow, 8:00 a.m. sydney time. coming up, asian debt high yield sales and defaults climb. more on that. this is bloomberg. ♪ >> a quick check of the latest business flash headlines. two senior executives have been sidelined as part of a response to the tech ban in the u.s. the trump administration banned zte from using american technology on the grounds of national security. rishaad: happy to remain a minority shareholder. chairman says he does not plan to increase the holding. rose 11% this year. billion.a cap of $21 then'slong as largest shareholder, our investment won't affect operations. it is only 4.9%. we are here to receive dividends. chinese developers are calling for a second day in hong kong. listed in shanghai fell more than 2%. properties bid more than double last year's price. rishaad: let's have a look at china's biggest property developer, country garden. there was a $3.1 billion sale. you are saying the party is over for as

china summit in beijing later on today. engle will be speaking exclusively with some of the biggest names in the business including the jpmorgan ceo, and douglas flint will be joining us on bloomberg television. betty: great interviews will be coming up. it's budget day in australia with an election looming. the treasurer looks at the splash, next. this is bloomberg. ♪ haidi: i am haidi lun in sydney. betty: i am betty lou in new york. you are watching "daybreak australia." australia's government is expected to use tuesday's government to win back disaffected voters before trade tensions between the u.s. and china could undermine the economy. paul allen is in canberra and joins us from the lawn of the parliament house. what are the specifics we can expect in this budget? betty, the key thing we have been hearing about in the weeks leading up to this budget is a big boost in revenue for the government. commodity prices have been a lot higher than what forecast in the previous budget. there has been a boost in the tax revenue

to hold off imposing new tariffs the temporary deal ends months of tensions for financial markets beijing agreeing in a joint statement with washington. substantially reduce america's trade deficit with china the crux of the dispute the chinese didn't commit to cutting the gap by any specific amount and some analysts doubt the truce will last long but at least the two sides are talking the world's two biggest economies are back to the negotiating table and they appear willing to keep talking until they find a solution to their trade conflict overall plutonia the yard. the strongest demand from both the chinese side and the u.s. side is to stop the trade war and stop imposing more tariffs on each other's products this time both sides pledge to stop a trade war and develop good relations in trade or in a mass meant i think this is a major demand from both countries. so it will be. china has already made concessions saying it will significantly increase purchases of u.s. goods and services it's an attempt to address u.s. president donald trump demand to reduce china's three hundred seventy f

to come in as the american delegation did in beijing and say we wa nt delegation did in beijing and saymake structural changes, with would you stop state subsidies, technology transfer acquires, we want to do everything, thatis acquires, we want to do everything, that is not going to happen. alex kapri from nus business school. back in beijing, toshiba says chinese regulators have given the green light to sell to the us firm. the deal had been hanging in the balance ofan deal had been hanging in the balance of an antimonopoly review. toshiba is the world's second—largest producer of memory chips. they will continue to own a 40% stake in the business. walmart‘s profit margins during the first quarter remain under pressure due to price cuts and higherfreight under pressure due to price cuts and higher freight costs. the weak margins overshadowed strong first—quarter numbers and progress in efforts to keep pace with rivals such as amazon in efforts to keep pace with rivals such as amazon .com. in efforts to keep pace with rivals such as amazon .com. the news of sending shares for the world

we will try to work out the issues out of beijing.n the meantime, let's get you an update on the latest business flash headlines. the big breaking news --qualcomm said to be giving up its offices for data. what hasally stopped been a very lucrative market. a source has told bloomberg the company is now looking to whether shut the unit or looking for a new owner. chipmaker.iggest 21st century fox -- a previously accepted offer from disney. comcast is talking to investment banks about obtaining bridge financing for an old cash bid, threatening disney's $52 billion deal. comcast has a 51% stake in sky u.k. david: deadline day for -- sources telling us the japanese company is bearing an agreement on what would be the biggest ever take over. regulators have set a deadline for takeda to make a firm offer for shire which had been seeking a cash increase. we are at the time of the day where we are getting the markets in hong kong. have a look at the opening numbers. 30,136 and change. 5/10 of 1% to the upside. flat on the shanghai composite.

side were due to arrive in beijing until thursday morning they'll have a meeting with the ambassador and then those first talks are due to happen on thursday afternoon beijing time there be a dinner in the evening and then the real talking will resume again on friday so not a lot of time to deal with the many complex issues now before them but these are the first high level talks to happen between the united states and china since the current trade friction began remember both countries are currently threatening to impose massive tariffs on each other's imports that hasn't happened yet but the deadline is the middle of june so not a lot of time left now going into these talks both sides have been talking up and talking down the chances of success china has said that he wants to see sincerity from the u.s. side and that it won't agree to anything that seeks to contain china's economy wilbur ross the u.s. commerce secretary had some very pointed things to say before he left washington he said that the trade deficit between china and the united states was down to evil chinese trade prac

and chinese delegations met in beijing to try to avoid a trade war the u.s. president has changed his story about hush money paid to former porn star stormy daniels says she had an affair with donald trump a decade ago now admits reimbursing his lawyer for a payment made to daniels but says it was not part of campaign funds earlier he'd said he didn't know anything about the money. that was there a journalist but hussein has now been an egyptian jail for five hundred days he was detained without charge by authorities and twenty sixteen during a holiday in cairo egypt's national is one of many journalists who've been hire a store threatened with a wrist in recent years the prestigious nobel prize for literature has been postponed this year as a result of sexual harassment accusations board members have left the swedish academy responsible for the award following allegations involving the husband of an academy member and at least fifteen hundred people in hawaii have been ordered to evacuate their homes after the killer way a volcano erupted steam and lava thre

day trip try to hammer out a deal to avoid a trade war between the world's two biggest economies beijing and washington and threaten to impose large tariffs in recent months. probably thought you made given the volume of the two economies and the complexity of their relations it is unrealistic to expect to solve all the problems through one single consultation but we believe as long as the u.s. delegations is sincere about maintaining the overall stability of china u.s. economic and trade relations and takes an attitude of mutual respect equal constitution and mutual benefits the consultation will be constructive adrian brown has more from beijing. well there are many areas of friction i guess the two key ones would be the deficit at the moment china exports far more to the united states than the other way around and the united states wants to redress that balance china of though also is accused by the united states of really carrying out very unfair trading practices what the united states really gets upset about is this china has a plan known as made in china twenty twenty five and thi

mathias bites you in beijing a business delegation understand is accompanying merkel on her eleventh visit to china what are germany's business interests there what are german companies looking for in china from china. well first of all german business is doing the business in china they are ending a lot of money in china nevertheless a complaints we hear more and more complaints about limited market access about unfair competition with chinese companies did they have to be in joint ventures with chinese companies sometimes technology that is being transferred to chinese companies all these complaints to have been on the table they have been addressed again today we have seen very little real. improvements in these. in these areas although premier league has said today that any business could address him directly and he would solve all problems but structural the structural reforms that germans businesses are hoping for they are still on the whole day are not they are you ok there's a lot to discuss in terms of relations between germany and china human rights is always something that

robin brant is in beijing.dea china will start buying $200 billion more worth of goods from the us — that's a huge sum — questions arising around how easily, realistically, could that be achieved? well, it's a staggering number. to try to achieve that kind of a cut in the surplus within just a 2k month period, many people think it is, frankly, laughable. look at the main exports from china to the us, top of the list is things like smartphones, ipads, furniture, component parts for hi—tech goods. if you added those numbers on an annual basis they do not come near the $200 million total. that aspiration for the president is what he has rested his domestic political credibility on. if he were to achieve any kind of agreement he would be happy with that. a cut in the surplus would be something he could point to. but others around him have bigger concerns about what they see as china's unfair subsidy of key industries in this country such as electronic vehicles, aviation, robotics. that is what they are more worried

joins us from beijing with us how much of a difference are these compromises making a very because may take obviously designed to appease trump. well china has announced this some time ago these slashes in import taxes on cars they will probably not make a big difference to most of the comic us they will impact the imports of the high end comm makers such as the high end models of b.m.w. or dima or tesla which is something that donald trump will probably be happy about for most of the other car makers this is not probably in book going to influence their business too much they all have a joint ventures here in china they produced locally and it doesn't make sense for them to replace their local production with imports this is something that china is probably it's probably something very safe for china to do at the same time it's something that the western governments have to manage for a long time so it's i guess this is a gesture more than real policy change game it is betting a forest there on the trade war that isn't and a good deal in trump's eyes we'll see what beijing comes up wi

and china hold talks in beijing with happy faces but few results. and tired of fake replicas of their fine pieces the porcelain artists of lee marsh friends are finally fighting back. it's time for business on the w. . welcome to the program u.s. prosecutors are doing what germans could they have chart. former boss martin vent on for his part in the diesel gate emissions scandal they say even talk on conspired to mislead regulators and violate the u.s. clean air act a federal grand jury in michigan indicted the former executive as part of a probe into the scandal which has haunted the company for nearly three years it couldn't have come at a worse time for folks bogen the announcement that its former c.e.o. martin venter corn was indicted by u.s. authorities it came soon after the shareholders meeting where its new c.e.o. spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. but is still vulnerable the indictment of vent a corner now has many asking wh

talkingounder and ceo exclusively in beijing.exchange, it is looking to expand into the u.s.. keep in mind, this is less than four months after the company lost an unprecedented $500 million of virtual coins. but to market losses, but thieves. their but he says the attitudes towards cryptocurrencies will change. the framework for this cryptocurrency in the states is somehow kind of wondering right now. transfer,een money commodity, and security. it is also different state-by-state. we have to study carefully. the short answer is yes. matsumoto. i heard that of -- sound bite, why is he talking about going into america are ready? are they not struggling from the massive theft? it was definitely a hit scratcher. there is still a ton of rebuilding to do since you anyway. he is excited about the u.s. because he thinks that regulations, crypto regulations, are going to move ahead of what they have going on in japan. the u.s. will be more crypto friendly. you see that happening on two fronts. in japan, crypto exchanges are illegal. lice