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tv   Business - News  Deutsche Welle  October 19, 2017 1:15pm-1:31pm CEST

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and mine arrested back and thrown on the pitch tomas molests mashed home from close range on seventeen minutes before you're struck commish made it to nail ten minutes later lots who most scored off the break to complete a scoring buy and handing coach your pen because it's seen in a win on his return to champions league football if you're watching the down news up next helena humphrey has business is coming up she'll be looking at the economic impact of the crisis in gaza known yes. when cities are ingolf by the sea. of the wall and costly protective measures will has been. nothing.
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but. starting november ninth on g.w. . bush forty million people in east africa threatened by starvation one of the causes of the situation. we focus on five specific problem areas. journalistic project tries to find the answers why africa goes green our topic this week. on mine. crisis in council only as spain says it will impose direct rule on the region after the catholic leader refuses to back down in the region's quest to go it alone the shock waves shaking the economy as companies leave barcelona in droves. also
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coming up china's growth keep pace with expectations giving president xi a leg up in his ambition to consolidate power at the communist party congress what's the situation like for foreign firms wanting to get a foothold in the country. and they call him the business friendly president but are business owners in france feeling all warm and fuzzy about emanuel michael and his labor market reform. this is your business update i'm having a home for thanks for joining me the crisis in council and is reaching a boiling point spain central government in madrid has announced it's to begin stripping barcelona of its control of the semi autonomous region catalan officials failed to meet a deadline to withdraw their secession vent now madrid has given the separatists government until thursday morning to change its plans or risk losing control of the region catalan leader col is pleased him or threaten the full declaration of
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independence if spain asserts control over the region and catalonia is currently the wealthiest part of the country but for how long will this political uncertainty means companies are leaving in droves. it started with the banks now more and more medium sized companies are calling in the moving vans a total of seven hundred firms have left since the independence referendum they include financial institutions like. utilities company gas not to run and sparkling wine maker fresh in it. spain's economics minister blames the cattle on regional government for the exodus but he says it's not yet too late to turn things around. less if the politics that have caused these companies to leave are changed and if the regional government does everything in its power to prevent further damage the companies that have left catalonia will return and so you look at the label on the
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firms pulling out site turnover as their main reason for departure with spain their most important market they fear a catalan declaration of independence could lead to the country boycotting catalan products independence for catalonia could have a detrimental effect on the ailing spanish economy to catalonia is the industrial heartland of spain the region generates a fifth of the country's economic output. now chinese growth figures are in a slight slowdown in the last quarter but at six point eight percent the world's second biggest economy remains on track to meet its tall get the national statistics agency did warn of volatility though and said the economy was at a quote crucial stage of restructuring meanwhile china's central bank is warning about the possibility of a sudden collapse in asset prices off to a long period of growth all those latest figures will certainly be talked over the
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communist party congress is paying is still expected to cement his power the talk there has been about opening up the economy the critics say they've heard before. it's a project that typifies the extent and speed of china's growth in just two years time this building site in beijing will house what could be the world's largest airports at twelve billion dollar investment that comes as chinese president xi jinping hailed a new economic era that's all about looking outward. will push forward a new situation of complete openness openness brings progress closing yourself off will inevitably lead to falling behind china's open door will never close it will only be opened further. but critics say the door is far from open many foreign companies complain about the difficulty of accessing the chinese market and
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accuse the government of failing to implement necessary reforms. one big issue the government is trying to tackle however is soaring desk the sum total of what china owes is now valued at two hundred forty six percent of its g.d.p. that sparked fears of a financial collapse for the world's second largest economy the true cost of debt fuelled growth has yet to be revealed and that party congress president xi saying he was keen to open the market to foreign investors once again so let's find out what the state of play is right now for foreign businesses in the country and whether they think there will be greater opening up joining me now from beijing is on the code yet they found a capital which invests in european companies to accelerate their growth in chinese markets thank you for joining us on the day now you provide support to european countries in china what's your impression is china opening up. well
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unfortunately it must be said that the train of reforms probably stayed in there or a way station we've heard a lot of promises especially since for the two thousand and twelve and nothing really materialized i would even say some some some aspects deteriorated for foreign businesses so when the head of the central bank says china's economy must open up to do more to return to its top standing to you and all of the companies take that seriously. well we've heard these these talks and i think all all those who are holding these speeches especially the governor of the central bank are probably convinced that that's the way to go but what we see on the ground is that reform state owned enterprise reform is not happening actually at the contrary you're creating more and more gigantic monopolies like you can see in a railway or in shipping. there is increased pressure to repatriate data for
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foreign companies in order to have them all in china you have issues about the car market where you have nano protection and i mean you have more or less protectionist measures we're going to be implemented so all this is very worrying and the mood of king of foreign businesses has turned from eldorado to a more much more complicated situation under that we just picked you up on that point regarding the car industry that all reports of big hurdles that the communist party is imposing quotas on an electric vehicles by foreign carmakers does that make foreign firms shy away from china. well it's very schizo phrenic because on one side china is more and more the largest market as far as schools is concerned so probably thirty to forty percent of global growth in value will come from china this year so it's a market you cannot. get to get past of course and on the other side the conditions
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of doing business in china have become increasingly complicated. you talk about the car market obviously chinese car makers were not able to to be be at par with with foreign carmakers in the last twenty years so there's a reshuffling and no to this measure the chinese government is trying to put again electric car makers from china at the at the forefront so this is this is probably causing concern in a lot of boardrooms and especially in germany where that's pretty new that's turned it round very briefly chinese investors have a strong presence on international markets what does beijing make of all that capital flowing out of the country also a bit scares a frantic on one side you need acquisitions of technology more than ever china needs to. improving off of that and on the other side there is strong capital flight especially early two thousand and sixteen so there was friction is on
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chinese acquisitions overseas have become massive since twelve months on there is a cake yet the head of a capital joining us from beijing thank you thank you we've a wave of his pen and an executive order french president of money when mccall signed his contentious and labor market reform into law last month that aims to drive down that stop and rate of unemployment still hovering at just under ten percent by making it easier to hire employees and five of them now trade unions say it's an attack on workers right the president himself is often described as business friendly so how are his policies going down with business owners. you know here in the heart of paris guy tomaso works tirelessly all day every day washing painting and repairing to ensure his business is a success. with two other friends from the suburbs to found
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a rather original kind of start up a sneaker care service mazower expects a man or woman cones election as the new president of france to give his business a boost. or mcauliffe supports young entrepreneurs in school i always got the impression that i was expected to just find a job and subordinate myself to some bosses but my caller said don't look for a job look for customers. who are thinking you're. hiring staff to service sneakers is expensive plus getting into a conflict with employees can seriously harm a small business operation. french labor laws are very employee friendly and it makes it almost impossible to fire them. but the unions insist on the stipulations if labor law work to be softened they say big companies would exploit
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the situation to hire younger staff and. the unions are concerned that my call is a big to business friendly. and all will be long wants to exempt big companies from having to report profits are under broad that means they can declare french profits by a branches abroad it isn't difficult then they say they've made losses in france so they can fire people and then employee is will be unable to go to court to demand compensation that i put the when he plays guitar mazola has never wanted to work for another company he's part of the young creative and hard working friends that president mccall envisions and that more and more french people are identifying with. i don't know how free by for now.
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it's not allowed to dangerous. to shanghai and his friends and to enter abandoned building sites. in camp life on finished structures my great adventure playgrounds . there are two hundred sunken ruins in the ukrainian capital from politicians they
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are high so also for young adventurous male sons of freedom. d.w. . entered the conflict zone confronting the powerful. it's a year now since hillary clinton lost the u.s. presidential elections of donald trump and the democratic party has gone on losing in state elections around the country my guest here in washington is near a tongue the a long time advisor to hillary clinton while the democrats finding it so hard she is finding new direction. in sixty minutes t.w. folks. are not out and they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that
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matters d w made from minds. every journey begins with the first step and every language of the first word i looked in the nico he's in germany to learn german but. business just why not run with you know. it's simple online on your own mile and free. stuff. d w z learning course because weak german made easy. a very warm welcome to focus on europe i'm michelle henery glad you could join us years and to the european debt crisis things.

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