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tv   Business - News  Deutsche Welle  August 9, 2018 3:15pm-3:31pm CEST

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and in the process this one works a three way into the clouds of smoke as firefighters work to contain the blaze the list a ship fire and rescue service shared the video on social media no one was hurt in the fire. stay with the news business coming up for you shortly. after the. storm some people for information. they want to express g.w. on facebook and twitter updates and in touch follow us. time for an upgrade. our church that grows all by. our house with. design highlights you can break your suit.
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against tips and tricks that will turn your whole special. upgrade yourself with g w interior design channel on youtube. 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 baskin blowers sunshine new figures come germany has one of the world's top travel destinations. this is business as well germany is introducing tough regulation to protect key
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industries from foreign takeovers and the target is clear china for several years beijing has been on a shopping spree buying companies that fit its strategy to develop into an economic world leader in industry sectors that strategy involves takeovers of foreign companies mostly market leaders in sectors like robotics or pharmaceuticals countries such as germany or the u.s. now see their industrial advantages at risk they are starting to fight china's massive pile strategy with ever 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. 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 comparatively low in the years before twenty sixteen it's accelerated quickly since then a certain 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 duisburg s. and joins us now. is berlin writes to be worried of course i mean we see a surge of china in chinese investments and these are really tithing 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 is government in in the background and therefore it's important that germany is also taking this this metta perspective and taking a stronger regulator. grip on that but if we look at the business relationship
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between 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 all war systemic. you say oh there's a struggle you see a clear political spread to the strategy behind the these takeovers where you you see china is a very peculiar so she cannot make system it's a cohesive collusive system between the party officials government and the owner purse stay actually following the same goals so central government of the party
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doesn't 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 a business 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 have seen that china for forty years has been filtering for direct investment into the country so the chinese government has all raised taking care that only doe's investors still see sectors have been coming to china that we needed at a certain point in time and yet they were handing over technological competencies daybreak been 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 and. market stall the chair of east asian economic studies at the university of pittsburgh and thank you very much for this insight. government statistics out today show that tourism in germany is stronger than ever people from inside and outside germany are visiting places like berlin in record numbers hotels that recorded some two hundred fourteen million overnight stays in the first half of twenty eight in that op four percent over the same period last year and the more than thirty eight million foreign visitors that's up five percent but while hotels are happy the hotel workers union says the boom means hotel employees having to work overtime which often goes unpaid. let's bring in color of booze and from downtown from for one of those top travel destinations come out how did germany's
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become so cool as a troubled us the nation. well gary hart 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. and you've mentioned frankfurt but what other locations in germany benefit most and where the tourists
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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 cheap 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 interest who thought. in frankfurt thank you.
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musts twitter announcement saying he wants to take the economic. private as not only irritated markets it's now also become a matter of interest for the u.s. securities and exchange commission according to the wall street journal. is looking into whether must stay if statements were actually factual in other words was he joking the sheen has come off the business of wunderkind long mosque burning through billions of dollars at tesla without even a hint of future revenue insulting analysts tweeting like donald trump who is this kind investors still trust him 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 ilan musk the sky's 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 one second please. for many gardeners cross europe brown seems to be the new green and the heat wave that is currently sweeping across the globe most have given up watering their grass
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a dutch entrepreneur who has come with a clever idea. he'd just sprays the dry grass with a green liquid that way yachts going to here like they would in a regular sun the color lost between five and seven weeks and it also contains fertilizer its help the grass we grow on the intense summer heat finally comes to an. yeah the cross is indeed greener that's it from me thank you very much for watching i. can't. be.
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touched. was there something mysterious going on in the french city you know a lot about our year and next reporter megan lean visited the house of magic. for a tribute to the late magician you will bear who i am. and a museum full of surprises. the moments next.
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goal. thanks. to rock n roll. i want. my child was. sinful rhythms condemned by the church. god no evil feeling that you feel when you think. past lives of music. stopped. no one is more popular than jesus come religious morality preachers some verses. of passion with sound marketing potential by placing a warning label on music products. rock and religion that brings
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me carlos. one of the two really super reconcilable. god the devil and the rock n roll stars august nineteenth on t.w. . hi everyone and welcome to a new episode of you max before we get started let's have a look at some magical moments of today show. house of illusions rick to a museum dedicated to the art of cars every. moment of fame and everyone can be a pop star at carol.

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