To meet the russian president , vladimir putin. Trade is set to be top of the agenda as china looks to push its vision for the new silk road. but beijing is also looking further afield for some fresh impetus. From today, Global Investors can buy Chinese Company debt through an exchange for the very first time. Welcome to World Business report. Im jamie robertson. Chinese president xijinping is in russia for talks with his counterpart vladimir putin. Trade is set to be top of the agenda ahead of the 620 meeting of Global Leaders later this week. The visit will be president xis sixth tour to russia since taking office in 2012. And their meetings seem to be bearing fruit. According to chinese statistics, trade between the two increased by over 26 in the first four months of the year, reaching nearly 25 billion. Co operation is increasing, too. Russia will be a key component of chinas belt and Road Initiative an ambitious multitrillion dollar project that will link europe and asia via the
General motors is hoping to get the all clear for the sale of its loss making brand opel. But is the traditional car industry coming to an end . Well get a hands on look at the latest in driverless technology. Welcome to World Business report. Im rachel horne. Today the Eu Commission will decide whether or not to give the green light to General Motors for the 2. 5bn sale of its european operations. Gm is hoping to offload vauxhall and opel to the psa group thats the French Company which owns peugeot and citroen. Its easy to see why General Motors wants to sell their european operation, which is dominated by opel, has lost about 9. 1 billion since 2009. If successful, the deal would make psa the continents second biggest car maker after volkswagen and ahead of french rival renault. Opel employs 38,000 people across europe but its feared the sale could put thousands of those jobs under threat with workers in the uk and germany considered to be most at risk. With me is anna marie baisden,
The message as the eu and japan close in on a huge free trade deal, but can it see off the rise of protectionism and nationalism . Plus high steaks scandal why a Corruption Probe is carving a slice out of brazils multi billion dollar meat industry. Welcome to World Business report. Im ben bland. In a moment, its 30 years since kfc launched in china, but the nations hunger for fast food is slowing. But we start in brussels, where, in a few hours time, the eu and japan will sign off a major trade deal covering everything from cars to cheese. It comes despite doubts Around The World about free trade deals and the rise of Trade Protectionism in the us under the trump administration. Lets show you the details. Japan and the eu account for about a third of global gdp thats 21 trillion. Both sides believe their Trade Relationship has room to grow, to get even bigger. Eu Officials Say the deal will boost the eu economy by 0. 8 , and japans by almost a third of a percent. Among the big winners,
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