tv Business - News Deutsche Welle August 9, 2018 1:15pm-1:31pm CEST
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a bit. more linked to news from africa and the world the link to exceptional stories and discussions from the news of easy i want website d.w. to come smart to come join us on facebook g w for. stay away from our family silver china says germany as it prepares new legislation to stop foreign takeovers of critical german industries and infrastructure. and welcome to germany as berlin the black forest and the alps bask in glorious sunshine new figures confirm germany is one of the world's top travel this nation. this is the business welcome germany is introducing tougher regulations to protect
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key industries and the target is clear china for several years beijing has been on a mission to buy foreign companies that fits made in china twenty twenty five strategy mostly market leaders in ten different key industries sectors like robotics or pharmaceuticals that strategy involves takeovers of foreign companies and countries such as germany and the u.s. now see their industrial advantages a brisk start to fight china's massive buyout strategy will have a stricter regulation it's a move china won't like germany's government wants broader veto powers when investors from outside europe buy into local companies starting at fifteen percent stakes instead of the current twenty five the new regulations come after berlin effectively blocked a chinese company from buying a twenty percent share in electricity grid operator fifty the. chinese trade representatives claim they're being singled out however the sudden surge in chinese
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purchases is striking while the volume of chinese transactions in germany was comparably low in the years before twenty sixteen it's accelerated quickly since then. a sudden surge to twelve point six billion dollars in twenty sixteen was followed by a new peak of thirteen point seven billion dollars in twenty seventeen. and it's not only the size of the investments that are ringing alarm bells in berlin. many of them are focused on certain sectors. those ten key industrial sectors president z. wants china to become world leader in the acquisition of robot manufacture a cooker for four and a half billion euros last year falls into that category. this year lee shoe food c.e.o. of chinese carmakers easily acquired ten percent in germany's dima now germany is slamming on the brakes by planning tighter scrutiny of foreign investments but
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german industry representatives fear the government stricter controls could deter chinese investors and that's not necessarily good news after all investors also provide capital and create jobs well is this move scaring away investors let's bring in mark was told he's the chair of east asian economic studies at the university of days both s. and joins us now. is berlin writes to be worried of course i mean we see a surge of trying in chinese investments and these are really targeting key technology sectors in germany and are endangering the control over certain infrastructure and elements in germany and as we see these deals are usually not just market driven but there's government in in the background and therefore it's important that germany is also taking this dismay at a perspective and taking a stronger regulator a. grip on that but if we look at the business relationship between
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china and germany wouldn't be doing see this as an unfriendly act. no i think beijing is so professional they know what's going on they know we are in an institutional competition here china wants to expand its influence on the global institutional setting and they know that germany europe and america are trying to defend their own systems so we are here in a competition between ordering systems and this is just one struggle in this overall systemic you say oh there's a struggle you see a clear political spread to the strategy behind the these takeovers where you see china is a very peculiar associate the nomic system it's a cohesive collusive system between the party officials government and the owner purse stay actually following the same goals saw as central government of the party
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does not have to control these companies they don't have to use plans because these entrepreneurs are following the same goals so for example the takeover of kuka made a lot of sense in terms of the visit strategies at the same time it was promoting the chinese twenty twenty five plan so it's a mixture between these two things isn't this also about difficult investment conditions for german companies in china is germany effectively saying if you don't let our companies in we make it difficult for you here. of course it's a little bit like that we need it we have seen a china for forty years has been featuring for direct investment into the country so the chinese government has already is taking care that only doe's investors still see sectors have been coming to china did we need it at a certain point in time and yet they were handing over technological competencies daybreak being introducing their business models etc etc so china has been using
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very very smartly western companies expertise in order to catch up to develop their own economy. mark silva chair of east asian economic studies at the university of pittsburgh and thank you very much for this insight. germany is one of the world's top travel destinations government statistics out today show tourism is stronger than ever people from inside and outside germany are visiting places like berlin in record numbers or tolls reported some two hundred fourteen million overnight stays in the first off of twenty eighty four percent over the same period last year and there were more than thirty eight million foreign visitors that's up five percent but while also also happy the n.g. g union says the boom means the hotel employees are having to work all the time which often goes on. let's bring in color of booze and from downtown
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from for one of those top travel destinations cover the how did germany's become so cool as a troubled us the nation. well guess what i have to say if you take frankfurt for example a city that's often perceived to be a bit boring with all its banks it's also a big surprise to see how many tourists are coming here but germany has done a lot to become more attractive for tourists frankfurt is a very good example with its completely refurbished old town of center of the town but of course there's a flip side to it germany is also benefiting from the negative aspects of other places in the world as it's become more in secure to travel worldwide at least people perceive it that way many tourists choose germany as a travel destination a country that's perceived to be very safe to travel to. definitely and you've mentioned frankfurt but what other locations in germany benefit most and where the
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tourists coming from. well generally said it's the big centers that benefit most places like of course hamburg munich also frankfurt places that are well known in the world and that you can easily reach by plane by car by train also the fact that europe is growing closer together is playing a role you know we are seeing many people from spain here from italy who now want to find out what this european union is all about and speaking of the european union the e.u. has started to sponsor train tickets for young europeans and this has caused a bit of a renaissance for those into rail tickets which allow youngsters to travel the continent by paying one price and then travel all over the continent for a couple of weeks this is a big trend this year and this is also something that is being seen here in frankfurt interrail who'd have thought. in france thank you.
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twitter announcement saying he wants to take economic or private has not only irritated markets it's now also become a matter of interest for the u.s. securities exchange and in strange commission according to the wall street journal it is looking into whether statement actually factual in other words well the joking if sheen has come off of business indeed on mosques burning through billions of dollars at tesla without even a hint of future revenue insulting analysts tweeting like donald trump who is this man and an investor is still trust. one question some have called him the architect of tomorrow others call him a con man but either way elon musk is known as a highly driven individual and the south african born entrepreneur has achieved things many can only dream about. in one thousand nine hundred four he founded his first company at the age of twenty four by the time he was thirty he'd become one
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of the co-founders of online payment platform pay pal but musk is better known for his other headline grabbing projects tesla space x. and hyperloop tesla disrupted the traditional car industry with its nisha electric models its achieved household name status while burning through more than ten billion dollars without ever making a profit but that hasn't stopped musk he aims to change long distance travel with hyperloop the idea is to send an electromagnetically levitated fearful through a long low pressure tube over thousands of kilometers and his space x. project is aimed at sending the first people to mars to you one must disguise the limit but here on earth he has real problems profit targets investor concerns and production setbacks reaching for the stars might have to wait. for many godliness across europe brown has become the new green and the the heat wave that
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is currently sweeping across the globe most have given up watering across the adoptions from the us come up with a rather clever idea. these days dry a grass with a green liquid that way yards can appear like they would in a regular other color last between five and seven weeks and also contains fertilizer out the alps the grass we grow on see intense summer heat finally comes to and i. like this show because that's that's it for me in the business a mirror out there for the next stop by both.
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enter the conflict zone with michelle on from the treatment of migrants to freedom of expression to enter tara low standards of human rights across you're also slipping my guest in ghana is michael flood the director of the agency's books on the mental side does he believe you up is doing. to protect human rights conflicts so far in sixty minutes g.w. . staying up to date don't miss our highlights w. program online w dot com highlights. for. reliable data a. distant fourth classics
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such. show. automotive history. dr. hello and a warm welcome to focus on europe it is great to have you with us. spain has become the new hot spot for migrants from africa they're heading to europe in search of a better life the vast majority crossed the mediterranean and rubber boats and land in port cities like caddies in the first six months of this year more than twenty thousand people cross the sea to spain more than any other european.
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