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tv   Business - News  Deutsche Welle  January 30, 2019 9:30am-9:46am CET

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go to concerts with my parents. or being on stage with the new stations and being part of that magic was difficult for the first one. world famous conductor. my. heart. on t.w. . american and chinese trade officials are set to resume talks today the negotiations are overshadowed by newly unsealed criminal charges against chinese telecom giant huawei and by a slumping chinese economy. the u.s. is also pushing europe for a new trade deal threatening automakers in return but brussels has
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a little more leverage it's importing even more soybeans. and also on the show it tastes like chicken and it is even though these nuggets of patties have been grown in a lab is this what will be eating soon. i'm stephen beard thanks for joining us american and chinese trade officials are set to begin a new round of talks today in washington the latest effort to resolve a trade dispute that has disrupted business across the globe the stakes are high u.s. president donald trump has threatened to raise further tariffs on chinese goods if no deal is reached by march and that would hit an already slumping chinese economy and then there's that thorny issue of huawei. one thing that's the question in washington as the world's two biggest economies sit down to work out their differences and settle their open trade conflict since u.s. president donald trump took office beijing and washington have taken turns slapping each other with ever higher punitive tariffs. the u.s.
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government argues that china is taking advantage of existing trade regulations using a combination of state subsidies and industrial espionage to legitimately gain a leg up on the competition case in point while away the u.s. recently accused the chinese tech giant of violating international sanctions against iran and stealing trade secrets something the chinese government the mentally denies. you know it's been some time since the us started to use its state power to smear and suppress certain chinese enterprises in an attempt to throttle their legitimate operations their intentions are strongly political and manipulative we suddenly urge the us to stop ill founded suppression of qual way and other chinese enterprises we. experts are skeptical that both sides will find common ground this week china is unlikely to give up its cavalier approach to
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foreign intellectual property any time soon. and after trump's recent loss in the u.s. government will shut down he's likely to push for sweeping reform. but time is ticking perhaps if no deal is reached trump has threatened to impose another two hundred sixty seven billion dollars of tariffs on chinese goods starting in march. let's take a closer look at these trade talks i'm joined now by correspondent joe d'eon han in taipei and the frankfurt correspondent paul chris and brits. now so let's start with you we've heard a bit about the economy in china slumping and the idea that that could play into the negotiations even saying as much what does it look like there from your perspective you've been talking with investors. well for investors in china or some of the enter for a nurse there really war you're not very optimistic because things to look really bad right now in china we heard from the investors that some of them they can get
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the money from the local governments after they promise to get the money for the government construction project and some into printers worried that the government will turn to a public funds to feel the financial deficit so coming back to the trade negotiation right now it's really very important for the chinese government to find a way to make a better deal without stick with fison china's own principles and that's a very difficult task for them. now paul so much talk about the slumping chinese economy and the role it will play but the u.s. company u.s. companies haven't had it easy have they no they haven't steve even though donald trump likes to stress the chinese economy is slowing and sees that as a reason for beijing to return to the table the u.s. economy isn't doing great one recent example from this week is machine maker a caterpillar of the u.s. machine maker is suffering in several ways it has now posted its biggest earnings
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miss in ten years and is exposed in two ways one because there's rising prices for and steel and other materials from the tariffs and the second one is it is exposed to the chinese market about ten ten percent of its of its revenue comes from the chinese market so it's double exposed and suffering like other companies in the u.s. as well. so a big part of this whole dispute is over intellectual property and the allegation that china forces companies to turn over their intellectual property to do business in china what can china do in this regard. actually china is willing to do as much as they can actually china's leadership he promised last year in the public speech that china will try very hard to protect ip and do it as soon as possible and just from the beginning of this year china launched the ip protection court but i think that is the question is that they don't know what the u.s. really wants no matter how much they do they worry that the u.s.
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just uses the cues to stop the chinese economy and to stop the development of chinese technology. is interesting and so i have to ask you also we've been talking a lot about huawei u.s. secretary u.s. treasury secretary steven emotion saying recently that the issue of way can be separated from the trade issue how does china see this. well china definitely sees the very differently because. people talk about the timing because you know like most ones also ross is doing china's leaders and donald trump's meeting in g twenty and right now they have the announcement on the document always c.f. just right before the trade talk of course people will say that you might be a call is dental but i think from china's point of view no matter it's a coincidence or not it's still a very provocative act so no matter how they will have to raise the issue on the
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trainee goshi asian table and make sure that donald trump will not make them lose face or look bad again. so that a lot of moving parts as these training go she asians begin today will keep following them of course those young han there for us in taipei and paul chris young brits there for us in frankfurt thank you both. now the trump administration's frustration with trade goes beyond china and then to europe u.s. president donald trump has repeatedly pushed for new trade agreements with the e.u. and threatened tariffs against european carmakers in the absence of a deal brussels has already stepped up its purchase of u.s. soybeans as a response and now the e.u. says it can import even more funding the beans can be used for biofuels. soybeans are worth some six hundred fifty million dollars a year to farmers here in louisiana as the trade war with china intensified last
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year famines around when bill feared for their future is today's announcement should give them yet another confidence boost it's all part of a larger deal struck in july last year between european commission president john claude juncker and u.s. president all trump to avert tariffs on imports of european cars the initial agreement to double the amount of soybeans that the e.u. imported from the united states today's decision is a new proof of the european union is delivering on our commitments. the deal announced today brings the u.s. share of the european soybean market to about seventy five percent from just over half in twenty eighteen it's valid until mid twenty twenty one but could be extended. elica latin america new trump administration sanctions on venezuelan oil and the driving president nicolas maduro from power sent shock waves around the world they also triggered higher global oil prices and angry responses from china
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and russia some say the move could even harm u.s. refineries. the united states hopes that by striking at the country's main income source they can drive much dural out of office and clear the way for opposition leader and interim president one to take power but dura claims that washington is trying to steal the u.s. subsidiary of the state oil concern on state television he announced he would take action to defend venezuelan assets. that we are going to have through the state oil company is already studying the actions and we will take all the legal political operative technical and commercial measures to defend the interests of venezuela in the united states and in our homeland we will give the necessary and forceful response to defend the interests of venezuela at the right time in the coming hours . informing. possible for.
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there is a strong chance that trumps move will backfire and also hurt the u.s. economy u.s. refineries in the gulf of mexico have a lot to lose since they specialize in mixing heavy even as well and crude with lighter oil produced in the united states russia has condemned the sanctions as illegal interference while china said they would lead to suffering for which washington would bear responsibility both countries have lent a billions of dollars to venezuela and are concerned about new stress on debt payments meat production as one of the greatest contributors to climate change and the meat industry is a frequent target of critic from even mainstream consumers so what if you could have your meat without the four animal you holding pens no carcass no animal itself but just from a stem cell that's what one firm is experimenting with. a burger fresh from the lab something that could become normal not meat made from substitutes but from the
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cells of a living animal san francisco based justice developing chicken nuggets in the lab using stem cells mixed with proteins from plants such as monkey. we're not doing this to display this small scale farming ninety nine percent of the meat produced on this planet is intensive and a more agriculture it's not the romantic ideal as on of of a farmer with straw you know where his mouth heading is pigs as they grow by and feeding them acorns one by one. one of the biggest challenges is to make the lab grown chicken affordable at the moment it costs around one hundred dollars to produce a pound of meat in the lab but the price will drop as production increases the aims to have the chicken in american supermarkets this year and the taste is about right at least according to this report of what the head of development. where you think think it tastes like chicken. anywhere and that's the enough it ness of thing is it
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tastes like chicken it does because it is a chick that is why. lab grown chicken and here's a reminder of the headlines we're following for you american and chinese trade officials are sitting down today for new talks negotiations are overshadowed by newly unsealed criminal charges against chinese telecom giant while way by the slumping chinese economy. and that's it for me in the business team here in berlin for more on these stories and others that we're following you can always visit us on our website at www dot com slash business or on facebook and twitter leaving now with this look at global markets seem there's a blend thanks for watching. live
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in the alps take a closer look at modern culture from. the culture on the. great yourself. interior design channel on.
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europe at its most amazing at its most exciting. most creative colorful glamorous trendy tasteful innovative really charming. resistible. starts february second two double. zero in a very warm welcome to news from the world of. merrill and today on the shop. our reporter adrian kennedy was in london for a controversial exhibition life death rebirth brings together two strange bedfellows american video artist bill viola. and the renaissance
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michelangelo. disappearing giants daniel schwartz is black and white shots of mamta glaciers reveal the effects of climate change on his native switzerland. violinist. is astounding audiences with his tapes from bach to the blues and beyond. but first stop just back from london i'm joined by my colleague adrian kennedy the show bill viola. life death opened the weekend adrian this is a rather surprising pairing isn't it yes. what were they thinking the curator is a keen to stress that not suggesting that there is some kind of modern day michelangelo but inevitably some of the critics are approaching it from precisely
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this angle asking whether viola should even be in the same room as the greats. ok everybody knows mick.

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