my. redefining the smart in smartphone the wobble world congress kicks off in barcelona as a global smartphone sales falter some say the industry's latest products are high and gimmicks but low on innovation. bandit chinese company is now the number one investor in germany's dima we'll take a closer look at genius plans and its strategy in europe. it's time for business on g.w. and how you got to get us welcome to the program and we start with a brand you may not know but gili is china's biggest independent car maker and now coal owner of one of germany's leading car companies which you do know through its core brand mercedes bentz g.-d's chairman lee shoe food is currently in germany and after revealing his company bought a ten percent stake at diana carmakers are shocked and it's not the first time

here's a look at a man who has turned the chinese car industry upside down. it's a rags to riches tale the son of a rice farmer genies found early shoe food is china's tenth richest man according to forbes magazine the fifty four year old started out with a refrigerator pants factory in the one nine hundred eighty s. back then though the sector was strictly state run inevitably also richie's shut these factories down but by then lee had already made a small fortune and so he simply switched industries producing first motor bikes and then cars as lee himself said all you needed for a car were four wheels and two sofas an insight that for several years reflected the quality of his vehicles but just two decades later he was selling around one point two million cars a year in china making it the nation's knowledge as to independent car maker in two

thousand and ten lead bought up struggling automaker volvo from ford even floored money into the swedish plants and then with great success brought a volvo on to the chinese market since then lee shu fu has held a central position among international carmakers and now he's invested in dima acquiring just under ten percent of the luxury car company the state of q wait until now the largest shareholder has been bumped into position to with six point eight percent followed by rent. the rest is divided up among small investors. leases he's not reducing his commitment to volvo he says buying the stake in diamond allows him to focus on the technologies of the twenty first century electro made billeted and driverless cars huge challenges that no manufacturer can tackle alone. especially given the invaders from outside describes google and other companies encroaching on the auto industry. with time that g.-d.

plans to benefit from german technological know how it's as it overriding is to get to become companies to join forces in an effort to stand up to the coming onslaught from silicon valley. all right let's take a closer look at the story for that i'm now joined by christiane studly a professor in strategic management at work business school joining us from bath in the u.k. hi good to see you mr sadler now we see stories like these frequently and the first reaction is often the chinese are taking over everything how much of that is true in the case of diana. i would not necessarily be too worried you know so that on ten percent it's a sizeable stake but it's far from taking over diamond head has a large shareholders in the past the government owns a sizeable share and so far the experience has not been a bad one also in the case of g.d.

year i seen it gave actually been a good shareholder a good indication a whole wall that it kept accompli quite alone and facilitated stair expansion in china substantially so i would not necessarily be toward you. now technically it's a good investor as you said but traditionally german companies have had stronger ties to u.s. companies for example let's not forget the merger between diamond and chrysler back in one nine hundred ninety eight so talk about the influence of julie will this shift make dialer more closer to china than to the u.s. for example. well i think the u.s. will play a role in future as well and by the way did the crisis of you know was an awful one you know each was terrible and finally dima managed to get out of it i think what the chinese investment reflects partly is how important a chinese market has become for common factor is and it will in the long run most likely become more import markets in the u.s. again you know not meaning to the u.s.

market doesn't matter but it does reflect a shift in day importance of the market and speaking of the future the gili chairman essentially wants to fend off competition from tech companies like apple or like google or tesla does that make sense to teach english speaking or would it make more sense to rather join them in a way i mean is hard to say at vons but i think he has a fair point in a sense that if you rely too heavily on google and some other silicon valley companies there is a chance a possibility it. dominates that part of production which is the more lucrative one and time it becomes a pure supply a. historic president that comes to mind he had the decision of i.b.m. to allow microsoft to provide the software was microsoft becoming a much more influential company in the long run so i think it's very sensible now

regardless of what did they do that else somebody else to develop their own initiatives in trying to not be entirely dependent on the silicon valley firms to work business school thank you very much for this analysis and better smarter faster no we're not talking about cars anymore we're talking about the phones at this year's mobile world congress in barcelona that are battling to kick leaders like apple and samsung out of the top spots it's not just the devices themselves which are taking the spotlight but also the network tech that keeps us connected to the rest of the world. rather than just seeing what it's like to be spiderman how about feeling it sony's built a new dynamic vibration system into its top flight smartphone the japanese firm can also turn you into a three d. avatar something they hope will score points with customers the new display and camera technology can now record and show high resolution four k.

videos for us actually creating components that others purchase from us is extremely important meaning we want to be at the forefront of technology with our own smartphones but we do effectively have a lot of the value chain by selling our cupolas to others the company is also looking to the future by the end of twenty nineteen sony aims to sell the first five g. compatible device the new mobile network standard is the topic at the trade show this german antenna maker expects five g. will be rocket fuel for their business the new cellular musts can handle massive data volumes without any frustrating black. the finnish network supplier nakia is in barcelona showing off how five g. data streams can flow seamlessly the company says they're ready to master the torrents of data expected from the networks of the future between all kinds of devices. five g. means will enter

a brand new territory in things cost he shuts the health care industry it means that volume will be much higher than we've had in connection technologies so far. if the waves of new fangled tech leave you feeling lost at sea you might want to downgrade you can pick up calls with a touch of your thumb just like the full run is to the smartphone otherwise forget four k. and five g. this phone can make calls and not much else but even that has its own charm. time now for a quick check on the markets and for that i'm now joined by our financial correspondent on wall street gets caught say yes it's good to see you well yes we've seen some strong gains in the main markets there on wall street the dow jones also up what has driven. it's fascinating to see all those inflation and history is rage very is that we saw starting a good three weeks ago seem to be have blown away almost overnight what happened

a good three weeks ago we had strong data from the labor market especially when it comes to wages so there was this fear of inflation and maybe the federal reserve pulling even higher as expected but now those various seem to be gone that's reflected in the yields of the ten year treasury note that's dropped quite a bit and that gave the stock market boost here at the beginning of the week and we pretty much stand where all the turbulence is started a good as we weeks ago meanwhile we heard that the round number seven of the nafta negotiation talks begun and it's tensions between the usa and mexico the president of mexico calling off a planned visit to the u.s. and to get in and yet the will not need to trump for now is there concern that these talks might fail as we've seen it many times before. the obviously this seems to be the disagreements between the mexican and the u.s.

american president when it comes to financing the border what hope between mexico and the united states of the nafta talks there are going on all week along and i guess those won't be the last talks and actually the talks could drag on for longer as recently as expected the whole environment is highly politicized we will have the presidential elections in mexico this summer and then the mid-term elections here in the u.s. in late fall so those talks probably will drag on for a bit longer that's also why wall street does not pay too much attention to those talks at this point is going to on wall street thanks very much for the analysis. and before we go it's been a swell as well you were trading one hundred thousand one dollar on the black market something as well as have become creative of ways to make money out of their currency anyway one trader took piles of what you had in notes over the border to

colombia where he crafts them into fashion accessories that's fifteen dollars at a huge market face value of the items and there is also a graphic designer who has sold thousands of his illustrated believers to customers around the world. if you want to get creative if you want to make it in that country thank you very much for joining us haven't they continue to. move.

the fast pace of life in the digital world. just as the lowdown on the way of showing new developments and providing useful information on the with these flames and interviews with the makers and users. next on dealing.

thank you. for. the air shift living in the digital age this time with popular internet mailers. pats on phones. and fluid space time continuum but first passwords are so yesterday for unlocking the screen and authorizing payment

transactions the latest smartphones use biometric data just how dependable and secure is this any.