A big part of that trade the un sanctions imposed in 2017 banned exports of them to and from north korea with electric cars and textiles also subject to restrictions un sanctions have taken their toll in 2800 exports from north korea to china are thought to have dropped by 88 percent trade in the other direction fell by a 3rd. North korea can at least rely on one commodity crossing the border the number of Chinese Tourists is thought to be at a record high trade relations are healthy enough that a new Border Crossing was opened in april this year and its around the same time north korean officials were invited to a key summit on president shes flagship belton Road Initiative. The maintenance of imports and exports remains essential to both countries kim jong un needs chinas help to develop a struggling economy and beijing needs influence over its unpredictable and excitable ally. What is with nations with our resident china experts cliff included cliff just heard that north korea looks set to become part of beijings both the Road Initiative what will china gain from including north korea and well these are these are old friends no country likes instability on its borders for a start and i think china particularly is aware of this and it wants to prop up its old friend you know we used to say they were as close as lips and teeth at that relationship became a little bit strained over the Nuclear Issue but they seem to be back on track again so i think theres a lot to gain by keeping things stable across the border to talk about Nuclear Issue and trade the there are sanctions are in place will china just go ahead and break them. I think its a question of they how they will paint that i think that they will effectively break them but it will be presented as humanitarian aid i think what they want to do the way china is thinking is that in return for advances on nuclear they will give small advances on reducing the sanctions and i think thats possibly the approach that they will take so are they are they trying to sort of beat the trumpet the denuclearization game of north korea i think so i think theyre definitely i mean if they do break the u. S. Sanctions will come to us do i mean accounts and impose sanctions because its already got a trade war going on so its its put into that into that position where the chinese are pushing a very strong position here. If we just look at g. s. I did hear in the last 2 weeks he visited north korea took minustah and russia what does that tell say to an experienced china watcher like yourself well i dont i would like to exaggerate this but i mean in some ways were seeing a kind of a new world order being forged here i mean china is be friending all these countries it needs its allies in the trade war with the u. S. Some analysts here are talking about how this is more than a trade war this is a new cold war and if thats the case what were seeing here is that the the chinese its becoming friends with people who the u. S. Doesnt want to be friends with the u. S. Is looking more and more in words and as this is happened happening china is looking at all these other countries around the place not only the other countries rather not looking just at the pariahs they also look at the western countries a little bit italy for example which would have included in the belgian road will of greece in the same way yeah absolutely its looking up at countries everywhere its seeing where it can it can build influence and how it can use its economic strength to promote its its place in the world i mean germany has been has been very keen to keep things on an even keel because germanys economy is heavily dependent on china so even though italy got a lot of stick at the time over belgian road its not just italy its a lot of other countries are doing this so i think as you say its really looking to expand its reach at the time when the u. S. Is looking inwards clip of thank you very much. Despite its name african swine fever is not an african problem highly contagious diseases sweeping through asia right now farmers in vietnam have killed more than 2500000 pigs to try and contain an outbreak that is in danger of engulfing the whole country meanwhile across the border in the worlds biggest pork market that is china the outbreak that started nearly a year ago shows no sign of abating experts are already calling it the largest animal disease outbreak in history. China is the worlds top pork producer and consumes more pork per capita than any other country apart from vietnam but pork prices are rising as african swine fever devastates an Industry Worth 113000000000. 00 euros annually the disease kills almost all the pigs it infects chinas Agriculture Ministry says the breeding herd has declined by 24 percent nearly a year after the virus emerged in china scientists are still trying to deduce how they can stop the disease which has been able to spread between farms separated by hundreds of kilometers. With a virus like africans 5 here that can actually fairly easily although all spread and they arent ready. Ways of controlling disease we believe that we may have anything between 10 and 30 percent of the animals in china infected. Pfeiffers says its the most complex and largest animal disease outbreak ever chinas National Statistics office indicates that the National Herd has declined by 40000000 pigs in the last year an indication of how many have been slaughtered due to the disease. While the disease cannot be transmitted from pigs to humans the impact on the Food Production industry is likely to be severe. Compound and by the high density of pigs in chinese piggeries. Now to some of the other Global Business stories making headlines today bus has sold 15 new long range planes to American Airlines the a 3 to one exe was also this weeks Paris Air Show and is yet to go into production the deal came a day after the surprise announcement that British Airways had put in an order for boeings grounded 77 items. Tons of germanys. Tells us passengers there may be in for some strike chaos this summer with subsidiaries euro wings and german wings likely to be hardest hit the focus is on a wage dispute stop will vote next week on whether to take action or not move tons of says it will retaliate with legal action. The f. B. I. Is reported to be investigating whether broken u. S. Money laundering the New York Times last month reported that transactions flagged by employees at its Compliance Division as suspicious were not inferred to the authorities some of the transaction was were allegedly linked to companies controlled by President Trump and his family is. Now a hint seems to have been enough the u. S. Federal reserves indication that rates cut could happen as soon as next month as had a Significant Impact on markets the price of gold rose to its highest level in 5 years and it reached around 1386. 00 an ounce its a rise of almost 3 percent on the start of trading. Lets bring in our financial correspondent danielle kopi standing by in frankfurt for us daniel where is this gold rush coming from just the fit. Well garrett there is still hope among investors that Interest Rate cuts by the big Central Banks around the world can mean new world wide economical grows and all of this is as a result we have seen the dax in frankfurt but also the your stocks going up and yes i guess we can talk about this gold rush as you just said because the gold price indeed went up by one percent gold is always considered as a safe haven here for investors and even though investors are again more optimistic they see gold as a very good investment in order to secure themselves when you talk for example about higher inflation rate this has been something that investors have been talking about for quite some time this latest development and thats very interesting is certainly paying off for a gold mine Companies Like this new york for example their share price went up by 5 percent today some investors see all of this though a little bit more reluctant theyre waiting for the g 20 meeting by the end of the month in japan and thats where u. S. President donald trump and his chinese counterpart are scheduled to meet possibly with the goal to find a long awaited solution for the trade conflict between the 2 nations because we remember that this entire conflict has been overshadowing the markets for quite some time now. In frankfurt thank you. And i want to leave you with a piece of really good news and emerging economies people are getting richer and not only that the number of millionaires is rising around the world according to a study by the Boston Consulting Group there are now more than 2x2ww as across the globe though they continued to be spread very unevenly most of the worlds a 1000000 as one a 11800000 of them live in the u. S. But china is catching up measured in u. S. Dollars the peoples republic now boasts around 1300000. 00 millionaires followed by japan with 1100000. 00 the study also says that just 3 percent of the worlds population owns around hoth of Global Wealth that set things could well change over the coming years estimates suggest that by 2023 years or in 4 years the number of millionaires in asia and africa could actually rise by 10 percent theres hope for you and me and thats it for me and the Business Team here in berlin for more Business News and lots of background stories check out w dot com slash business states unity w. News is next right after this quick look at Global Markets are watching your business as. I know were now 80 percent of americans in some point in our lives will experience hardship that. Wants. I am the rain forest i watched them grow up. Theyve left but theyve always come back. Yes they all come back. For my trains there were. My plants their medicine this. For my beauty their escape. I always will. And i. Shall. Sometimes i give it. Up gone for ever. Push humans theyre so smart solo smart such big brains and opposable foam. They know how to make things Amazing Things now why would they need an old forest like me. Chunky treen. Well they do breathe air. And i make. Sure that. Soaps. Will figure it out. Making it a pair that will be fun to watch. This is it reduces live from berlin the situation volatile iran shoots a u. S. Drone out of the sky present trumper spawns to the escalation and emitted very bad mistakes ok. How do. You find out the u. S. And iran contradict each other over whether the drone was in International Airspace washington accuses tehran of launching an unprovoked attack also coming up horse trading in brussels france and germany clash over who should become them