twenty thirteen mailed out and this year s to be expected to be even bigger. and for more on the economic impact of the confessed of all i m joined by real hard then qatar a christian on who joins us from delhi rome good to have you with us religious festivals we understand can also be big money spin especially when millions of people are on the move what are we talking about in terms of money involved well monica the scale of this festival is truly something else it s mind boggling as you said one hundred twenty million people in the last edition and this year people are expecting as many as maybe one hundred fifty million people to visit over a two and a half month period of thought the numbers of very large the center and the state combined have put in about six hundred million dollars just to get the infrastructure and arrangements in order and
and to drama along the way another option of course would be to cancel breaks it all together and save us all the hassle but in the meantime let s cross over to our correspondent in singapore andrea hang andrea breaks it of course is this not just a european issue i d be very interested to hear the view from asia. well monica happy new year first of all the view in asia on breaks it is very exciting when they are excited at the prospects of what brags it may bring although some investors are not sure if britain s all the world view of asia is still a sustainable one one thing s for sure with that you can plan of engaging in asia as a wide spectrum in terms of the economy we re going to see
exchange. beijing considers tax cuts to support the automotive that market who stands to gain. well monica first we have to remember that we had this little rally yesterday here with a class of about two percent during the trading day i know america was one reason but yes the chinese auto more buy a sector and the chinese economy was the other reason because indeed china has announced that they will have the purchase taxes for new cars with the chinese government is hoping now to give the automobile sector and the country a new boost sales numbers have been lately dropping in the sector so now the hope is there that with lower taxes more attractive prices at the same time the sales numbers could go up again investors here were thrilled about the news shares of volkswagen. made a big jump but we have to remember that for the german carmakers china is an extremely important market daniel and of course even without extra incentives
engines and prefers offering incentives to buy new vehicles the big car bombs is left until america is office without a deal but the german chancellor wants to present a solution for diesel vehicles by the end of the month. now meanwhile porsha announced that it will did diesel fuel good let s cross over to pakistan but it s our financial correspondent in frankfurt power how investors reacting to that. well monica the error here in frankfurt might look clean but it isn t that it s full of nitrogen it s not nitrogen oxides caused by diesel and that has brought a court to rule that they won t be able to enter the city starting next year now this is and has brought a mood swing. towards retrofitting even with michael who seems to be heading this direction that s not good news for german carmakers porson porsche can easily ditch the diesel as it doesn t rely on it much anyway but for other carmakers there are suffering their stocks are suffering this morning across the board even cantin ca
over to last how to our financial correspondent in frankfurt germany financial help but it also has a commercial port i want to say a little one but it actually looks rather big there last donald trump is talking trade again this time putting pressure not on china but on britain what is his game plan here. well monica the question is really does he have a game plan if he does have one it s most likely his usual game plan division donald trump just apparently likes pitting one partner against another in this case now his search trying to pit britain even more against the e.u. and i really don t think he understands fully what s at stake here for britain and what britain stands to lose and that breaks it anyway the way it is not only with regards to its financial services industry but also in general terms when it comes to trade of goods and services so for president trump here to make a specific case for heartbreaks it is certainly not helpful and it is really