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tv   Business  Deutsche Welle  May 9, 2019 6:45pm-7:01pm CEST

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tyra's but no one seems to be listening. also despite washington suspicion us tech companies actually rely on chinese talent correspondent taking the bilateral temperature google's io developers conference in california. this is business. in berlin welcome china's vice premier arrived in washington today to join crucial trade talks just hours before new u.s. tariffs take effect on two hundred billion dollars worth of chinese goods president donald trump and posed the levies after accusing the chinese of rin aging on earlier trade commitments she repeated at a florida rally last night. they broke their own. new deal have been in the works this week but now the talks are looking increasingly acrimonious the chinese side will be under pressure today to head off those tariffs while beijing said they will retaliate if they take. weighing heavy on those
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trade talks is the waterway issue the u.s. has been warning its allies around the world against using chinese telecoms giants . supply for national next generation five g. mobile services the u.s. . is likely to be open to spying was sabotaged by the chinese security but the signs are that washington is fighting a losing battle more and more ignoring the us and signing up for war way gear for their high speed five g. network. canada has been in hot water since it detained mung one jo chief financial officer of china's huawei on a us arrest warrant in december all washington's allies are caught in the middle of the us china trade war where once they followed the u.s. loyally now they are less happy to take america's side. canada feel shortchanged by donald trump and wants more u.s. support to settle among affair with china. britain keen to build relations with the
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us for a post breakfast world is struggling national security advisor mark sedwill met china's state councilor yang jet she in beijing the u.k. is likely to award a non-chord five g. contracts we apply our new zealand prime minister just send arjun is making upbeat pro china comments to boost trade and wellington may rollback a decision to stop taking part in its five g. network germany has overruled its intelligence service and says it is happy for huawei to supply gear increasingly frustrated secretary of state mike pump travel to london to repeat the us message that it considers weiwei an espionage press. as a matter of chinese law the chinese government can rightfully demand access to data flowing through that way and c.d.'s systems why would anyone grant such power to regime that has already questioned the valid cyberspace it's official security the united states will share certain information with trusted networks this is exactly
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what china wants they want to defy western alliances through bits and bytes not bullets and bombs. huawei says we are not spies we simply make the most advanced and the cheapest equipment america's partners say this is not about espionage this is about innovation. so more and more allies are not heeding the warnings from the u.s. about huawei the u.s. or the bargains iran is not as it says as important partners continue to buy tehran's oil and recently the u.s. failed to stop its traditional ally italy from joining china's belden vote initiative all in or america's influence seems to be on the way with me here to discuss that question is our financial correspondent contribution in frankfurt and the w.'s residence china expert cliff tour here with me in the studio and let's go to comma in frankfurt first hope he's on the line with concierge right now come on
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ask it anyway it's easy to blame donald trump for for this dropping in influence really. is it just down to is rather erratic foreign and economic policy no it's not. we should forget that the united states is of course very important market for europe for example but it's only one market. still even if we take into consideration that the americans and the economy they're setting the tone in the world it has to be said the most important market for europe is europe itself even after bracks it the european union will unite four hundred fifty million consumers and it also has to be said that markets like china have become more and more important in recent decades not only because of car sales but also because of the enormous influence of china electronics and
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try to parts made in china used in virtually everything produced in terms of consumer computers etc you simply cannot avoid china and that also means that you have to include china in negotiations about you know how to govern and make trade. cliff talk about china no matter what's going on in these trade talks that have been dragging on for months. it looks like china is winning i think it's possible you know we can actually say that they've really played a blinder in many ways there's been a lot of areas where they've annoyed their neighbors in particular say in the south china sea we've heard nothing about that for months we've had the belgian road initiative we have the huge forum in beijing in recent days and that seems have gone down very well with the neighbors and even further afield even even here in europe as we saw italy took part in. its authoritarian style of government well the
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noise many people in the west doesn't really bother too many people in asia it seems and so what we're seeing is is china playing a very good game and as you say it seems to be winning. the dollars still remains the globe globe's currency is it the last geo strategic weapon if you will in economic terms for the use of aircraft carriers. well i doubt that financial peoples would agree with your wording but of course it's true that the fact that the united states has the number one reserve currency gives the united states a lot of strength also the fact by the way that china is the largest lender to the united states this doesn't really give china the possibility. to do with america what it wants no china has to pay attention that its large holdings of u.s. treasuries will not be damaged also the external debt of china is all the rise so
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it means hard currency to serve its lenders its own lenders. in frankfurt unclip it tune in here in the studio thank you very much. well the u.s. china trade dispute also looms large over america's tech sector companies complain about intellectual property theft and market restrictions in china seems raised by u.s. negotiators companies like apple google or and video also rely on chinese manufacturing as well as chinese consumers china's burgeoning tech companies meanwhile want to better market access to the u.s. . some a phenomena went to mountain view california to gauge the mood at google's developers conference. enjoying silicon valley and the openness of the google community with developers from all over the world you ruined her colleagues are from china and
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very excited about tending this conference for the very first time. a good chance to learn from. us. develop her culture in very very special. you asked china trade worries here in mountain view california north of the agenda but many you ask tech companies already caught in the crossfire. especially those relying on manufacturers and suppliers in china companies like apple president trump's latest terror threat could hit hard to detect giant and even force it to move its i phone production out of china silicon valley is affected like the rest of the country says alan sykes professor at the stanford university but he also acknowledges that the sticking points in the negotiations are important to the tech companies so i'm
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sure they're a bit ambivalent in many cases they would like to see the u.s. strategy succeed in getting a spitter access to the chinese market better intellectual property protection but they're worried that it won't succeed and it will end up in some sort of protracted trade war which will hurt everybody a better market access dat's what google wants and. google and he blocked in china just like facebook or instagram china's restrictions and tough regulations make it hard for american tech companies to reach more than seven hundred million chinese internet users relaxing those restrictions is seen as crucial for the future of the industry. many in the industry here are so committed to their jobs they brushed off trade concerns are still very alike very passionate about our work and so what happens over there is not going to impact our the quality of our work or our product trying to make the best as we can and then it's what the developers want to
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focus on new hard to or better software solutions and not politics. sometimes new doesn't necessarily mean better in the australia the central bank has confirmed that its latest batch of fifty dollar notes as a spelling mistake on the one word is misspelled sweet times across the world millions of notes been printed but the bank says it will only correct it in its next print. it just goes to show sometimes you have to read the fine print australia's high tech polymer banknotes are extremely hard to counterfeit thanks to their highly detailed printing but evidently that technology doesn't include a spell checker the word responsibility is misspelled three times on the new us notes missing the last. but australians seem willing to overlook the error. well i guess with this instinct is that he uses cash anymore i'll answer quite
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a lot of people the note was printed forty six million times and that's one hundred thirty eight million missing eyes but yet you'd expect somebody to check and might show that it's all correct before they suddenly printed it has gone out to that many people then and a sign then you expect to be wrought australia's central bank says it will fix the error on the next series of notes later this year meaning that sometimes you just have to take responsibility however you write it. for me and the business agency. slash the business with global markets and stay right where you use is right next off.
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sometime in the twenty sixth. my great granddaughter. what move the world be like in your lifetime and around half a century. when i was born there were three people you'll share the planet with nine billion. your world be around two degrees more. evidently sea level rise by at least one meter in this century. we're going to have some climate impacts would your greater than what we see already. it's really frightening coke's at odds. why aren't people more
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concerned. little yellow. stars may thirty first on. every journey begins with the first step and every language the first word i'm looking to call the coax in germany to such. why not i'm listening. to stuff in simple online on your mobile and free. t.w. zeal or course. german. think. i just sometimes i. think that. thinks deep into the culture of looking at the stereotypes the cracks in here think the future of the country that. need to be taken as drama.
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it's all about who. i might show joins me from the. post. this is the w. newsvine from international tension surgeries or veering nuclear deal e.u. leaders reject. about the agreement on the islamic republic contemplates hashmi. as the united states increases the pressure also on the program from six months ago in sex abuse in the catholic church and future priests
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and nuns around the world will be obliged to inform the church if they suspect abuse is taking place.