to the fore i think over ten years now it s a very special relationship i think very harmonious especially compared to the relationship to china or also to the u.s. . there were bits the japanese were a bit upset actually that merkel has been to china for eleven times and this is only the fifth state visit to japan so in terms of quantity the relationship isn t quite as deep it appears there thank you so much. well chinese investment in europe slumped last year from the year before a study released this morning by us and young says it declined by almost half to thirty one billion dollars germany and the u.k. remains the top destination for chinese investment in local companies the study identifies growing doubts about europe and a less dynamic economy back home in china as reasons for the fall the slump is a marked a decline from twenty sixteen when chinese firms invested a record eighty five billion dollars in europe. all right but there s still
a single hotel or employ an army of staff the internet company is currently worth thirty one billion dollars to compare bricks and mortar hotel group hilton is worth just twenty five billion is the day of the bellboy over eclipsed by the era of the programmer. technological advances often spread disruption in their wake but markets grow out of disruption and leaders a new fields can quickly establish near monopolies like google and microsoft and then small startups can t compete because industry giants develop ideas on their own but even they aren t ever really safe because at any time disruption could always come along and crack their industry wide open. and there are lots of smaller loses of course as well and in so many different sectors which has so often been thanks to the online bookseller turned digital conglomerate
fortunes were just a click away. like air b.n. b. it acts as a broker for private rooms and apartments but doesn t own a single hotel or employ an army of staff the internet company is currently worth thirty one billion dollars to compare bricks and mortar hotel group hilton is worth just twenty five billion is the day of the bellboy over eclipsed by the era of the programmer. technological advances often spread disruption in their wake but markets grow out of disruption and leaders and new fields can quickly establish near monopolies like google and microsoft and then small startups can t compete because industry giants develop ideas on their own but even they aren t ever really safe because at any time disruption could always come along and crack their industry wide open. and there are lots of smaller losers of course as
taxis with human drivers set to be replaced by autonomous vehicles. big factories with jobs that involve heavy lifting forget it let robots do the work disruption is not a new phenomenon steamships for example replaced sailing ships and horse drawn carriages gave way to cars work at p.d.i. may print encyclopaedias look quaint while digital cameras finished off thirty five millimeter film the drawback old companies like kodak went bust and lots of people lost their jobs the advantage everything speeded up got cheaper and for some ideas fortunes were just a click away. like air b.n. b. it acts as a broker for private rooms and apartments but doesn t own a single hotel or employ an army of staff. the internet company is currently worth thirty one billion dollars to compare bricks and mortar hotel group hilton is worth
made a fortune with the near translucent green stones he trades mainly in large stone with the jade trade is lucrative thirty one billion dollars worth of jade are minded myanmar every year one kilogram alone of the finest jade can fetch millions . fencing shows off his giant stones most of his clients come from china. the chinese think that jade s good beer helps that it has a cooling effect a stone like this can be unbelievably expensive the more translucent it is the higher its price. but the human cost of jade is even higher and. many of the mine workers end up with drug habits opium heroin crystal meth these men have been forced to go cold turkey. we see want to know we thought the drugs were. protect us against malaria i kept taking more and more i ended up in hospital