chinese president xi jinping has started a select tour of europe focusing on france monaco and italy his first stop with ports that's often easy gateways into europe's richest markets italy is a promising partner for china and as the first g seven nation italy is poised to sign up for china's belts and road initiative and the deep water port of three este is set to play a significant role in this and china. from a distance three s new port area built on reclaimed land doesn't look like much yet in future this section of the harbor may be operated by china as a trance shipment point for markets in central and eastern europe the northeastern italian city is currently celebrating the port of tree s three hundredth birthday for local politicians and businesses china's planned investment is a huge opportunity so you think that we don't want to sell the port we just want to rent it out i see that as a huge economic opportunity for the entire region on the radio. it's not that china

is offering us something to participate in the delta road we have something to offer them is a stake in the harbor that's how you have to see it we've been developing this port for four years now. the harbor basin is eighteen meters deep meaning that even large container ships can unload their cargo here china has already purchased a majority stake in the greek port of paris in the mediterranean tree asked in the northern adriatic would be a further foothold in the region. the european union is investing around one hundred thirty five million euros in the port that sorely needed to modernize much of the infrastructure. i put cash strapped italy also welcomes financial backing from china there's only occasional criticism of its role as a strategic investor. but your. lead anyone is thinking about the role child. and as

a taking on in the world but if i just think about how they treat their workers then i don't know if they're the right partner for us and wherever that can have a good future. such concerns aside most interests see only positives and becoming a further gateway to europe for china's belt and road initiative. for more let's bring in the see my doctor freelance journalist based in rome good to see you seem italy is the first stop on g.'s limited to europe tour what do we know about his itinerary there well he's expected to arrive later on today and his visit pop up the kids on friday where he'll be meeting senior political figures including its least president said that their love now might develop speaking on thursday said that the relationship between italy and china should be based on transparency sustainability and security and the chinese president for his part his recent

editorial that is here to tell you people are talking about greater corporation in terms of looking at ports as we saw in that story as well as shipping telecommunications and pharmaceuticals so it's a range of records that are expected to be signed with the one that everyone is looking at is what will happen on saturday morning and that's the memorandum of understanding its legal side with china that's a no on binding agreement we have to take note of that but it will be a formal recognition from this g seven nation it's really all china's belted initiative this so-called new silk road initiative. at the end that he's expected to sicily and i mean what you just mentioned that's ruffled some feathers already why do you think roma said it turman to join this ambitious but controversial venture the belton road initiative despite strong reservations in the rest of the e.u. . well you have the prime in such a septic antti pot of the five star movement it's the now that's the populist party

that is in this coalition government and they believe that this is money that it's needs in order to deal with all those promises to be to boost the infrastructure and to boost this sluggish economy so they believe that china can perhaps might have in that direction it will also open the italian products out into that you massive chinese market now that end of the start of this coalition government you have the lead party has a far right party and the leader of that party's money is being equal he has expressed reservations saying he does not want to see china to colonize easily so really you should see the government but the odd specter to sign that never end of understanding. leaving the wooding of colonize ation aside how big is the worry that rome could actually be selling out to china well there s concern expressed by observers that really this might end up so-called debt traps and that essentially means that if. china does lead this money and italy is not able to

pick back at that which happens to be these assets to the end up in the chinese hands and then there's also concern that china could perhaps assert. influence really on the countries that it has led this money to with so they suffered certain on those fronts in observers say that perhaps it's really should have consulted more with its neighbors and other partners as well as its close ally the united states that is concerned about this agreement that's been signed all right sima gupta there reporting for us from rome on visit in italy thank you so much. and now to some of the other global business stories making the news. emerging markets stocks hit to their highest in almost seven months on news of the u.s. federal reserve's decision to hold interest rates steady investors which by the fed's plans to steer clear of rate hikes until twenty twenty one

a complete policy reversal. the world's most successful jeans brand levi strauss has been valued at around six point six billion dollars for its upcoming i.p.o. the biggest in the u.s. so far this year levi's will use the funds to invest in the brand made iconic bust such as james dean and bruce springsteen. and after three years of planning and building it's time to raise the and curve the new cruise ship spectrum off the seas has left the shipyard in patton book germany nearly thirty five meters long the luxury liner has eighteen decks and space for over four thousand passengers. poland has turned into one of the most attractive destinations the students from india the number of new arrivals has been growing rapidly in recent years one reason could be the fact that poland office a unique diploma from a well known university that is recognized in all e.u. countries another the cost of living. two wheeled food deliveries are

a common sight in most big cities but in the polish capital warsaw many of the careers are indians and that's somewhat unusual because poland is known as a country with few immigrants why do so many indians do this kind of work. most resent is language there is no polish language going to listen needed more needed in this this kind of job. aki less delivers for an indian restaurant to earn money while he studies computer engineering albeit in english he says the customers give him no trouble but as a dark skinned foreigner there are some people he has to watch out for. sometimes they are way angry and big they may hamas so be careful with those type of people and they don't like don't speak bad wish to youngsters and late they have some fuel city getting better league and then most oh yeah we are following them. indian

students have discovered the polish capital my theory is cheaper than the us or in england and students from abroad are welcome in poland in the last ten years. due to the demographic impact universities from poland they don't get enough number of students to run their classes and their programs the indian students find their way to poland via placement agencies or word of mouth. akeelah she earns the equivalent of around two euros per delivery plus tips school is the parts out there are these jobs and no one here wanted to do them so it's a good thing that the indians are filling the gap for five. you don't look at i was expecting. five lucky for me and i would be happy for them. with tips flexible working hours and low living expenses indian students can make good in more so in the traffic is certainly tame compared with most cities back home in india. now europe need skilled workers to deal with the demands of the

digital age india has millions of qualified i.t. experts so is this a match made in heaven let's ask p.k. co-founder of fact a daily in bangalore edge idea i'm glad to see you now you have introduced the blue card scheme back in twenty thirteen to make it easier for employers to hire foreign i work as how do highly qualified workers in india see this move. so qualified workers in india see this as a great move because it brings them one step closer to the permanent residency or a permanent these are in the euro and the blue card itself offers them a good set of raids or you know the freedom to move around in the you you freely and also to bring family with them so this is a great move and. it also gives them an opportunity to participate in let's say even the starter because as they're not there in europe because after two years

they can move to different countries they can move move companies so there they are quite excited about this and it has been welcomed by everyone what does in your software services industry for one think of this move yes so the software services industry doesn't quite like it because you know once you send a worker there on a blue card visa you have a problem that they might shift to another company and this company may not really lose are the company would sense them from india may lose out on the work of so on but you know it's again created for their companies in the e.u. which. which can't get more talent from india through this route so the software services companies usually send their people in using of these are called the into corporate transfer really research and that has a that's a more limited kind of a work permit and not as good as the blue blue card the blue card is seen as the equivalent of the green card and in the u.s.

so yes our software companies don't really and from india especially don't like that happening all right j. davis if you like a fun question just on a scale from one to ten compared to the u.s. in the u.k. traditional places students would go to how does europe fare. that's a good question but i would say i'm sorry to say it's not as great as you know. i would just i would just stop it or two ok all right that's a start it's a dave i'm fake a they're from bangalore thank you so much. and i was a business a show for you for me in the team thanks for watching.

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