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discover the i. subscribe to. documentary. mole pushback for china's belton road initiative vicious new silk road has some countries questioning its profitability due to the financial terms and perspective dead. a troubled italian the european central bank step in. and the buzz of snowmobiles may become a thing of the past as greener alternatives hit the slopes. let's do business it is china's most prestigious infrastructure project the belton road

initiative with nearly a trillion dollars in proposed chinese investment poised to build roads railways ports and oil pipelines from beijing to belin megaproject was launched five years ago and it's attracted investors from all over 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 foster 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 five or up to 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. whose team are you have different languages cultures and time zones so finding a common denominator takes some time. the smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative yet it's hit a bit on and that's because gaining access to the chinese market is challenging due to a lack of transparency. and 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 sun clear. 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 you. talk about this with your correspondent in singapore how is beijing strategy seen in other asian nations. well ben initially these strategies were of course met with a lot of excitement because they presented the future business prospects as well as

ease of trade but they're singing a different tune now due to some disillusionment countries like malaysia sri lanka me and my even pakistan china's longtime ally singing criticism of. misconduct as well as a suspension of projects among other issues so there's some push back i guess some countries are finally bred small print what about companies that they still get to invest all the countries in general are now more cautious as a result of all of this pushback on companies like why is our facing the same situation they are sharing the same negative sentiment governments are questioning whether the currency is has seized power in terms of sustainability and with a new water will take place so until then companies will be remain wary before investing too eagerly into building growth initiative projects now apart from the

financial terms of both in these contracts and the debts as well some critics say a lot of road initiative on the existing lease projects actually happened. well in the case also of the mall these and malaysia they've wrecked up enormous debt as you mentioned just to give you an example malaysia had to favor one hundred forty million dollars bit to china for a hospital project versus a fifty four million dollars bit so all of say reports of these unfavorable incidents are going to tarnish chinese china's reputation if they are not careful chances are the projects will still go on because the region does desperately need china's eagerness and money and resources but with very stringent checks and processes from here on just like penn and australia are currently practicing in the wake of all these allegations and china in most cases needs their resources thank

you andre hang for us there in singapore the european central bank has appointed three temporary administrators to take charge of italy's bank it's a bit to save the struggling they had around for failed to raise capital late last year at least today's decision by target market watch told console to trading in cutting jades shares stock in the bank plunged last week up for its board failed to agree on a capital increase tried and failed to raise about four hundred million euros. ok simplex joins us from frankfurt. taking control over to tell your bank should we be worried. ben that appends on who you'd be worried about the bank certainly isn't a pretty bad situation but if you're worried about the italian banking sector now this move is actually rather positive i'd be more worried if these would be didn't step in european central bank has taken over the role of super supervision of

european banks and it's now doing exactly that stepping in after a management majority of the board stepped out this morning now the european central bank make sure the bank continues to stay operational and find the path to a solution whether it be selling the bank or liquidating it what about the best is that they worried about the situation. well this is the first time the e.c.b. does this so it's kind of an extraordinary move really and. it has investors a little concerned about shares of the bank of fallen about ninety percent in the past three months which is why the main shareholder volokh initiative to raise capital to rescue the bank now there may be room for for more negotiation and for more and for improvement of people say what you. will get back to you in a budget because there's another story of what to do about budget telecoms father lawsuit against germany's network regulatory agency the telco is protesting against

the pre-conditions but the dissipating in a next generation mobile network frequency at the agency stipulated the bid is with five g. mobile frequencies most of them based in the neighborhood that allows friends to use their infrastructure all three of germany's main operators but now sued the agency to determine the legality of these pre-conditions the deadline for auction submissions is january twenty fifth. what's this mean for five g. in germany. well mobile internet in germany is already one of the worst in europe both in coverage and in in data levels and this current situation about five g. doesn't really bode well for the future of the problem here is that we're trying to kill two birds with one stone on the one hand we want to get a super fast internet that will make autonomy is driving possible and connected machines in the industry on the other hand we're trying to patch up these these

blank spots these blind spots really that we have in germany trying to get coverage in rural areas and that might just be a little bit too much for telecommunications operators who are now worried that their is their investments just won't pay off. but with the analysis that flows from frank it. one sled at a time electric snowmobiles making eco tourism in vinge lapland even cleena east leds are supposed to reduce the amount of fumes as well as noise pollution in the crate it counsel these winter tourists are exploring the arctic wilderness on what's claimed to be the world's first electric snowmobile safari over the course of two hours they travel twenty five kilometers through lapland snow covered forests on battery power alone. countryside like this because it's peaceful and you get to see things where before that just the noise of the other ones with the you

know would take anything lot of what wildlife i think not out of life and that sort of situation the east slade is the result of development work at the lapland university of applied science that started in twenty ten one of the biggest challenges was developing a battery system that retains a charge in the freezing temperatures engineers developed a liquid heating system that keeps the battery warm even at minus forty degrees. but there are drawbacks the eastlands are three times the price of a regular gasoline powered snowmobile and that's not all. the biggest these two is the range at the moment we're going to ride forty kilometers we the seas let's show you really need it so plan the route before before you go to the deep down into the forest because you don't you don't want to go forty kilometers to the forest and then you don't have better enough to get back all the research continues even as

the current models are being assembled in revenue me the capital of finnish lapland tourism is just one potential market for the east lead developer another is climate scientists working in the arctic who don't want pollution to interfere with their measurements and there's room for growth one company that got its start building snow beals in the one nine hundred thirty s. is now one of the biggest transportation manufacturers in the world can it has been bought. nice thing business if.

you're on max sound. right. memoir songwriters this week on your own max everything's different but the celebrities are calling the shots. today dutch violinist under a review is in charge. that ross duramax. the woman that wants to tell you.

how to. discover your concept. just cover it with the common house. school. after one. hundred lives the ideals of the bombers are more relevant today than they were a. hundred years ago reshapes. the balkans people are still busy. with ideas that are part of our future. of our house and man does cross over into dance and sing and music and then balance to meet our house means a nation of the future would all. be. what makes the pulse and its

creation spiraling into this very. it's somehow a part of our way. through it. starts in january thirteenth w. . the. world famous violinist and conductor under a ring of joins us next as the show goes out on the road to play. every one of walking through this very special edition of your own max where we have a very special guest hosting the program with us and today.