joining me now is my colleague clifford cohen and he covered china for many years thanks for coming on to the show clifford my first question why is it important for china to placate critics in the first place it's not like there's a lack of interest in the project but i think big part of this is the fact that it's a prestige project it's the culmination of years and years of expansion in china and the china is very keen to make sure that everything rolls out exactly as it wants it's about making soft power reaching across the continents of buildings china is building china's image so i think it wants to keep its critics. it wants to build its prestige so the importance of soft power there but how successful do you think china will be in convincing countries that this isn't going to turn into a global death trap well i think people are thinking very much about the money and they're thinking very much about the funding that's there these are countries that have struggled to get funding sometimes china is there a bankrolling the infrastructure of roads all these kind of projects so i thi

that could be pretty interesting case if it should come to that point and scored in new york and clifford cohen and from deed of your business in the studio thanks to you both. and here are some of the other business stories making the news. senior u.s. treasury official david malpass has been elected as the new president of the world bank it was the trump administration's unanimous pick for the job it has always gone to an official from the united states while the world bank's sister organization the international monetary fund is headed by a repeat. french finance minister brutal america says his country is sticking to its plans to introduce a digital tax on companies like facebook or apple despite opposition from washington the three percent levy would apply to high tech firms operating in france with an annual global turnover of more than seven hundred fifty million euros the european union says greece has fulfilled its reforms as part of its exit from its bailout program last summer so the block has now approved and nine hundred seventy million euro debt relief payment to athens the money

jones in bowling good to have you with us here in this with me in the studio also my colleague clifford cohen and from a business and we're starting with two news items from asia first to japan where local media reports form on this on both columns go on has been indicted by tokyo prosecutors for aggravated breach of trust it would be the fourth charge against him since he was arrested in november on suspicion of financial misconduct he's denied all allegations against him go on briefly want his freedom on bail and modular was arrested and jailed again on new allegations of sending millions of dollars from nissan to a county controlled clifford's first of all can you joke memory a little bit the charges are piling up what do we have already basically this new one is aggravated breach of trust but as you say this is the four charge they're all relating to financial impropriety in different areas mostly that he in which himself through putting losses into corporate accounts. he's basically a series now of charges that are mounting up and putting pressure on going but also putting pressure maybe