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playing people have put big dreams on the big story. pledging to move the magazine fun d.w. . china belton wrote initiative attract investors from all over the world but critics warn a lot of the mega project only exists on paper we asked how profitable is the project . also on the show how indonesia's hopes to increase its tourism sector may have made last month some nami more deadly. welcome to do

business want to john's and berlin good to have you with us it is china's most prestigious infrastructure projects the belt drought initiative with nearly a trillion dollars in proposed chinese investment poised to build roads railways ports and oil pipelines from beijing to berlin a major project was launched five years ago and it's attracted investors from all of the world including german companies all eager to get a sizable piece of the action that. the new silk road china has belt and road initiative as a source of wealth precious gems for pakistan faster processing of shipping containers in europe and cheaper energy in sri lanka everyone should benefit that's the promise delivered by the singers in this choir. chinese president xi jinping has been pushing the new silk road for the past five

years more than one hundred projects have been completed along the route including high speed rail ports for container ships and fiber optic connections for faster internet access. german industrial giant siemens sees the new silk road as a major opportunity siemens has recently put up a new office in beijing focused on the new trade groups it's headed by cotton hospice he coordinates major transport projects in more than ten countries. you have different languages cultures and time zones so finding a common denominator takes some time. smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative gets him to put on and that's because gaining access to the chinese market is challenging due to a lack of transparency. that. there's

a lot of uncertainty when it comes to the silk road project the process how to apply where to apply and which ministry is responsible for all of that's unclear. and chinese companies are us an advantage they are state owned or receive government supports she success rests a loss on the new silk road he promotes the project as international summits german companies in china are also interested in the silk road what's unclear is just how much they'll benefit from this in the end. well the belgian road project has meanwhile stumbled into some problems also due to the u.s. china trade round for more i'm joined by. the president of the german institute of global and area studies in hamburg good to have you with us so some critics of that

particular project say that a lot of beijing's belton road initiative only exists on paper that funding it is practically money down the drain what do you say. i wouldn't say i wouldn't say that this is really that there is no many people it does i wouldn't agree that this claim that it exists only on paper but there is so there is money involved there's big money involved but this is our money that china is just giving away it's money that has to be paid it's money that it's lending and that glorious will have to pay back and yes some of it is on concessional terms but still one would expect to see in some moral entries higher levels of indebtedness so you asked the question is this money down the drain and in the case of some are or is absolutely the answer is yes it is money down the drain they will get involved at high levels of indebtedness and an example that we have this year which have two

rounds and one thousand nine year of the east pull one of its corners to a chinese state owned company in return for debt relief from china. so so basically this great project could get invested into into debt into big trouble what it what strategy is beijing then pursuing i would say that. a lot of people will think about the belgian gold initiative as mainly about market access and over the years the way we've seen this operating i think we should doubt whether it is just about market access it is partly in our market access in the chat but when china has a wall one usually tends to find something more than market access. a push for market access and what i am is that we are seeing the.

economics at work china is pushing it's reasserting its place in the world and it's using the bell general initiative towards this and and so and here are a lot even in your even in the field if you show what we should be hear about when when the b r i's really a win win for all parties involved i am however say that we need to be very careful with this with this discourse and especially when we're looking at countries that are allowing chinese investment sensitive unsensitive sector us to digitally sensitive sectors like communications infrastructure like wire which could be used as mabel bases then he should be you are not just about in debt in the us but also in terms of geostrategic issues of course this is also something where for example the german government has been clamping down on chinese investors taking over german companies just very briefly is that kind of expansion part and parcel of beijing strategy i would say sell and again it's worth looking at

the discourse that the chinese are. propagating belton road which is really a frame like the silk road initiative it's a new silk circle but when you take a look at what's happening you see that this is really global reach and it's not only about connecting europe and asia it's really about the global reach it extends to latin america africa yes europe and also the arctic so this is a global strategy and it's about your economics and your strategic it's not only about trade and investment for say hi to. america there president of the german institute of global and area studies thank you so much for your time leisure to be here thank you. indonesia wants to increase tourists by it's a major pillar of the country's economy but the question is is the government doing

enough to prepare for a natural disaster on december the twenty second a tsunami hit the coast without warning crushing one of the biggest beach hotels killing more than one hundredth of indonesia's push to draw more tourists the hotel that started before the tsunami struck advertised its use of one of the world's most famous active volcanoes. the government did a study and it concluded that ten you could be made a top tourist destination because it was so close to crack a tour of. the volcano is in the middle of the sea and it's still expanding. into the shadow of it and that's why it became a major tourist draw. that volcano triggered the tsunami that killed more than four hundred people easily crushing the buildings of tanya lays on its the top location on the government's ten new bodies program seeking to make other parts of indonesia just as popular as bali which attracts more than forty percent of indonesia's

tourist every year but the hotel c.e.o. says the government needs to focus more on disaster preparedness. to do so after this disaster the government should construct more buildings that can survive strong waves like in along with breakwaters but with so if there's a high wave can be anticipated and its force can be minimized if the m.d.c. . indonesia's tourism minister brushed off concerns and says the town should be rebuilt within six months i think and we have been in. any places when in a nice you know what is important then the most important thing is we have to profile the mitigation plan. indonesia wants to increase its annual tourist from fourteen million to more than twenty million with its investment push but without disaster ready in. structure included many fear the funds could be quickly washed away. european allen million produces say u.s.

presidents donald trump's terrorists a backfiring despite having to pay higher duties on their products shipped to the united states they say there's been an unforseen move in the markets that's benefiting them. each of these aluminum blocks weighs more than nine tons specialist producer allie max uses them to make extra durable industrial components since june the german company has had to pay ten percent in import duties in the u.s. but al emacs is actually making more money that's because the tariffs have pushed up the price for aluminum. and that's one reason why the company's c.e.o. wants to increase production and its plant in south carolina. the american effort to tie the more value creation we do on site the less we have to import from our point of view and the result will be that the tariffs will have no effect in the future because the more we produce on location which trump wants the less tariffs are militarily. the german companies u.s.

operations only account for ten percent of the company's total revenue but that will soon change demand is on the rise the company special aluminum is required in medical technology as well as in solar cells and cars. as a business update here at the w more coming up in the next hour thanks for joining us. what.

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