More important trading partner for the European Union since 2002 a trade has almost tripled according to data from the europeans to to 6 office last year the total trade volume between the European Union and china was 605000000000 euros now the bloc exported products worth more than 200000000000 euros to china and imported nearly 400000000000 euros worth of goods. The german business view with regards to china could be summed up as one of huge opportunities coupled with huge challenges one of the main worries is chinas new social Credit System as well as its own citizens but Chinese Government also evaluates Companies Using a point system and penalizes things it doesnt like German Companies fear its becoming a method of blanket surveillance and they say the system is neither clearly nor transparent deregulated. The internet is also a bone of contention Foreign Companies in china still have complete access to the World Wide Web but beijing plans to introduce laws to curtail potentially shutting down google or twitter in china turned the old problems with fair play and Market Access a still prevalent despite repeated promises of improvement German Companies say they are still discriminated against in china the chances for major concessions in these areas have never been as good a trade war with the u. S. Has china under pressure Economic Growth there was a direct order low in the 2nd quarter so theres a serious need for Foreign Investment. Steve chang joins me hes the director of the s. O. S. China institute at the Year University of london welcome to the program steve with iran is in need of Foreign Investment do you think china will be more open to calls from German Companies for better Market Access or the Chinese Government who opened china why to Germany Companies and technology and Industrial Products to china particularly when hes dealing with the train with the United States it may be rather less receptive to German Companies for exporting German Companies who want to export. Now when we look at the tensions in hong kong how much do Business Concerns play a role when it comes to beijings ways of addressing this crisis. Well the chinese command does care about hong kong. Utilities to china and they are not so much about industrial side of it but the finance who signed it because hong kong can raise capital in ways that for example shanghai or shouldnt jump cannot do so they do care about it but ultimately they care more about the communist party who you know kong than about. The foundational liability of all do you think beijing is worried about at all about trustworthiness in all of this particularly ones when it comes to business relations well from the Chinese Governments perspective trust wealth in this is a metal whether western companies can earn the trust of the Chinese Government and not the other way round they assume that the Chinese Government must command the trust of any western companies for china to operate in china we have already seen all the hong kong how the Chinese Government with Cathay Pacific and in the end of the pacific or any other major western companies in that situation will have to bow to the Chinese Government or so they believe and steve is of even sensible to talk about open Market Access when the government does everything it can to supervise its people and companies in the country. What the chinese perhaps would say that in staple white free open access with chinese crew touristic sed it means that in areas where they really found it very useful to have particular western companies or German Companies in particular to have free access they would provide that for those not so beneficial to them the access will be much more restricted so you sang of the China Institute at the university of london steve thank you for your insight. And thats for over an hour to frankford with only bards standing by at the Frankfurt Stock Exchange only optimism that china and the United States are able or would be able to resolve their trade dispute have been ball string stocks in recent days is this optimism Sustainable Well it wasnt quite sustainable yet now this friday because there was some little bit disappointing Economic News coming in from the United States the job market not adding as many new jobs as expected but all in all i think that optimism still stands because the dax and other european markets made a lot of ground good this week and basically that that ground was defended today if you will thats a little bit battle talk but lets just put it this way the optimism is still there but of course that has to be proven by perhaps news that are leaking out when the staff are talking sometime later this month and then when the negotiations actually actually take place in october but theres a lot of optimism the market also fuelled by the developments in london and parliament the threat of a no deal direct moving away maybe even the threat of a breakfast moving away thats also pleasing investors in the end only it is friday lets take a look ahead next week could be a decisive one when it comes to addressing the economic downturn here in europe. Thats right the newest Economic Data shows downwards for germany and euro zone is also losing speed and its now maybe and the court of the e. C. B. The European Central bank to do something a lot of people expect to do something when it meets at its policy meeting next thursday here in frankfurt and the betting is that the deposit rate will go down that is banks will have to pay an even steeper fine to park money at the e. C. B. Whether that really does anything to address economic woes you wont know but the market will be looking forward to that and reacting if it doesnt happen all of us in frankfurt thank you. And now to some of the other business stories making the news chinese internet programmer and alibaba is to buy the ecommerce business cola from the Chinese Company net ease for 2000000000. 00 the platform specializes in the sale of luxury foreign goods the purchase is part of alabamas attempts to secure a niche segments of the Online Retail market Chinas Central Bank has loosened its reserve requirements for commercial lenders across the country freeing up 120 6000000000. 00 for lending beijings their latest effort to stimulate a slowing economy that has been hard hit by a dispute between china and the United States and the European Union has responded to pressure from the european Steel Industry by reducing iran is in the quota of foreign steel allowed into the block from 5 to 3 percent the sector has called for increased protection due to u. S. Terms. And back to china where a social Credit System has not only businesses on the edge but also regular citizens they have to abide by strict rules set by the government and they affect every aspect of daily life including recycling. Several 1000 people live in this Shanghai District and recently they started separating their waste communist Party Authorities brought in the new regulations as part of the countrys Environmental Protection policies. And. The partys District Committee is eager to show us how painstaking and enthusiastic everyone is a broken new Program Detail diagrams at the Disposal Center show people what is allowed in which contain and what not follow its very difficult to follow the new rules to the letter. I was always wondering which bin i should put my egg shells into dry. Way store which i decided on dry but the wet containers would have been correct because egg shells decompose and it takes me a while to get used to new rules impossible for me to master them all at once here. Regulate 3 patrols roam shanghai they suit 600 coalitions within the 1st 2 days of the new regulations citizens face fines of 25 euros for not separating the trash directly Companies Face penalties of up to 6400 euros. 69 year old paying is a party member its her job to watch over her local Housing Estate her ensure no one makes any mistakes. Dancing and singing shes now developed a passion for separating waste she checks everything with an eagle eye there are thousands of volunteers like her vying to fulfill that trail to do you. Know what someone isnt sure what goes into which we help them out that so embarrassing it was then that they really aim to get it right the next time you have someone spat man out and. Report them to the Citizens Committee they then visit him at home to talk with him to. See. If there are incentives for the local eager beavers who were given points for separating correctly making the effort worthwhile. When youve collected enough points the government rewards you. Just you can use them in exchange for the basics of life like fred. Educational videos about waist separation or even running in underground car parks. Not to forget the obligatory. After years of environmental mayhem china is trying outlast to get on top of the problem. And thats it for me in the business to meribel and for more news in features you can always go to the dot com slash business or follow us on facebook or twitter for now thanks for watching and have yourself a successful. India. How can a countrys economy grow harmony its people that when there are doers look at the Bigger Picture india a country that faces many challenges. Engines people are striving to create a Sustainable Future clever projects from europe and india. And 30 minutes on a w. Grappling with subjects. Expressing feelings i am not very fond of yet but i would love to be considered an artist one day looking for new perspectives. To work and not with a replaced face with the us canada doing things differently. Come to the place where we reflect on society. March 21 column d. W. Im not proud they will not succeed in dividing us about our not succeed in taking the people off the streets because were tired of this dictatorship. Taking the stand global news that matters. Made for minds. Where is home. When your family is scattered across the globe. Sun. To listen. To the troops we should get a minute live. Shot family from somalia live around the world to them one of them needed urgent assistance a. Family starts october any facts on t w. Cut. Cut. The boy. This is d w news long from the end all of an era one of africas most polarizing leaders Robert Mugabe has died at the age of 95 to some the former president of zimbabwe was a Freedom Fighter fathers a brutal dictator look at his complex legacy and ask help people in zimbabwe unlikely term member him also coming out. The death toll from Hurricane Dorian in the vamos will be staggering the country warns the search and rescue efforts down