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tv   Business  Deutsche Welle  September 6, 2019 8:30am-8:46am CEST

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to. turn back to the root issue get him into. the charge family from somalia move around the world. don't need to urgent assistance. the family starts october in any on d. w. . german chancellor angela merkel puts pressure on china and the united states through so fair trade war taking a different strategy of the u.s. president wants american businesses to pull out she welcomes all chinese companies to invest in germany is that the right approach i'll ask our correspondents in beijing and frankfurt. and to the kingdom in the sky we take you to design a burgeoning medical marijuana the state costs of doing business leaving small
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farmers high and dry. thanks to business germany's leader wants to embark on a new phase in the european union's relations with china washington continues to hike tariffs on chinese products under medical is pushing for a european investment deal with beijing around the that she's banging heads together reprimanding the american and chinese on a trade wall if 1st meeting with chinese premier league challenge at beijing's great hall of the people said the dispute is affecting the whole world and hopes the result soon they didn't seem to focus on his country's problems with the u.s. but with germany telling the chancellor he hopes germany will accept more chinese companies and loosen export rules for certain goods he went on to say that china promises to open up its economy even more. well china is becoming an even more important trade partner for the. european union since 2002 way trade has
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almost tripled according to data from the european statistics office last year the total trade between the e.u. and china was $605000000000.00 euros the block exports worth more than 200000000000 euros to china and imported nearly 400000000000 euros worth of goods. the german business view with regards to china could be summed up as one of huge opportunities coupled with huge challenges one of the main worries is china's new social credit system as well as its own citizens the chinese government also evaluates companies using a point system and penalizes things it doesn't like german companies fear it's becoming a method of blanket surveillance and they say the system is neither clearly nor transparent deregulated. the internet is also a bone of contention foreign companies in china still have complete access to the
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world wide web but beijing plans to introduce laws to curtail potentially shutting down google or twitter in china. and the old problems with fair play and market access are still prevalent despite repeated promises of improvement german companies say they are still discriminated against in china the chances for major concessions in these areas have never been as good a trade war with the u.s. has china under pressure economic growth there was a direct order low in the 2nd quarter so there's a serious need for foreign investment. let's go over to frank financial correspondent ali batts which way do you see the chinese economy headed is it becoming more open or more restrictive. perhaps just a little bit more open i mean the social credit system points to being more restrictive on the inside but. the prime minister said that he's willing to have more companies going in from the outside from abroad without having
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a joint venture partner as a prerequisite but he's also indicating that that's not going to be a huge wave and not being able to everyone but where needed so it's becoming a little bit more open but also more restrictive but you know my guess is that it's not going to make much difference in the company's interest in going to china it's such a huge part of their business it's become that and it's going to develop further you just quoted all the numbers pertaining for example to europe and part of part of the deal that markel is going to be selling there in beijing as a unit of the deutsche opposed to the world's largest logistics company the street street's future which makes little light transport vehicles electrically driven while they're going to do it with a joint venture in china with auto maker cherry i just can't imagine under this social credit system only that german companies will want to operate the way beijing wants them to operate i mean we're talking 24 hour surveillance putting in
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cameras in there in their companies factories and offices to totally surveil what's going on to keep workers under watch 5 days a week. that's right i haven't really heard much comment from business leaders on this i can only imagine what it means to them personally and to their staff and to their companies to be under this kind of scrutiny my guess is that they'll grin and bear it because there's so much at stake if it becomes too much i think the chinese would be well advised to scale back because of everything that's at stake for both sides both sides can't afford to let's say business over opposition to the system i'm talking about business i just want to ask you one more question ollie mechelle says that the e.u. is open for business more than a have a trump is calling on american companies to pull out of china couldn't her approach
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undermine his strategy of maximum pressure on beijing to change the way it does business. well i can only imagine what michael's words are doing to donald trump in the oval office is probably jumping up and down hearing that but you know there's so many companies here in europe and in germany which welcome chinese money and i've heard comments from executives working in these companies that the chinese do a very good job of staying out of out of the operative side and letting the germans do what they do best that's the reason why the chinese invest. the thing is that of course it's not a level playing field but there are a lot of family run companies middle shunned who don't have natural successors and the chinese they pay a good dollar. it's in frankfurt for us thank you very much for the analysis. now to some of the other business stories making news chinese internet conglomerate
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alibaba is to buy the e-commerce business from the chinese company net easeful true $1000000000.00 the platform specializes in the same russian foreign goods the purchase is part of his attempts to secure image segments of the online retail market. the e.u. has responded to pressure from the european steel industry by reducing a rise in the quota of foreign steel allowed into the block from 5 to 3 percent the sector has called for increased protection g g g west tariffs on steel. and american retailers continue to grapple with an epidemic of gun violence only days after wal-mart banned customers from carrying weapons in which stores more retailers are following suit among them pharmacy chains c b s and walgreens as well as wakeman's supermarkets. 2 years ago tiny land locked the zoetrope became the 1st african nations to legalize the farming of medical
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marijuana one of the world's poorest countries that hope to benefit from one of the fastest growing global markets bureaucracy is locking small farmers out of the market. listen to is known as the kingdom in the sky but the massive cannabis growing facilities here aren't about getting high the plant is stripped of its most psycho active component t.h.c. it's the can of a dial or c.b.d. that's most medically desired and quite so the global market for medical marijuana is estimated at $150000000000.00 and projected to almost double by 2028 the suits who base medic ro hopes to right that boom it's invested almost $20000000.00 on production around the capital of muslim room. i think in a sweet tooth is great in the sense that it's very untouched so if you preview. the mountain dew it was amazing we have streams and water year in abundance which is pretty and so the conditions are all or all favorable for the brink and if you.
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can use that industry it ranks 159 out of 189 countries on the u.n. development guy unemployment is high and almost a quarter of the population infected with hiv. but access to the legal world of cannabis is limited a license costs $33000.00 an impossible sum for small farmers and so many continue to grow illegally. and most of the people have been living from but illegally so. we were hoping that this would be able to do for them to meet. the now and try to improve so if they don't do that which need to because of finance i think is not. fair for for for for the people for now small farmers will have to remain just on the other side of this growing
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industry. let's return to our coverage from china france they haven't joins us from beijing fine i was talking earlier about medicals strategy of opening up europe even more to chinese companies while china stays very closed and while the u.s. pulls out of china coles full american companies to pull out of china. tell me will there be any change in china as far as its economy goes with those 2 very different approaches. i think china's on its strengths they know what they want and they are playing the game and i think that will be a big change can only try to find the one or other step forward but generally speaking they have such a big market and sort of before they had. the hockey and we had to
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do it you called. in some areas the technology and the markets so they get stronger and stronger talking about the technology beijing social credit system is a real worry to many foreign firms it's said to be extended to them and we're talking a balance of work is passing on technology being answerable to beijing how much of that is a concern. it is actually a big concern for for simple reason because we don't know really what's coming what's going on it's still in a in a stage where it's announced but. we don't know how it's going to look in every day life and we are all waiting to see what's coming out from the other thing is that americans go for a peaceful solution for hong kong the highly successful financial hub which runs by
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very different rules and is extremely open to global markets but which the chinese don't want to lose control of any chance of her getting anywhere on that front. high saying there's not a big shots that she can do a lot she can basically talk to a leadership can tell them that she wants and i hope they solve it in a way that they start a dialogue that these kind of confrontation is not rising but we don't have any power to falls exactly to the government to do what we once have to leave it there fancy it for us in beijing and i sing business with it thanks.
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the famous naturalist and explorer. to celebrate alexandre from 250. barking on a discovery. expedition in boyd. land our fighters want to start families to become farmers or engineers every one of us aplomb of the innocently assume. the nothing is kiss on the children who have
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already been there. and those that will follow are part of a new process. they could be the future of. granting opportunities global news that matters. made for minds. hello there and a warm welcome to our arts and culture news of fans of stephen king our rejoicing because pennywise the clown is back in it chapter 2 and so we'll see if the sequel packs the same horrifying puns and meanwhile here's what else is in the pipeline. these little guys have a long history in germany and we'll visit one of the last traditional manufacturers of garden gnomes to find out if they're a dying breed. and in our series planet berlin we meet
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a self-taught fermentation expert from japan was supplying the unique flavor twists to some of britain's finest restaurants. well it's the most successful horror film of all time believe it it a chilling funhouse romp that centers around a sinister clown that loves to eat children based on stephen king's $986.00 novel of the same name it was the 2nd adaptation of the book following a successful mini series back in 1990 and so expectations were very high for the continuation of the tale. i used to live here. like you remember. you feel free to look around while i get the water boiling. hot.

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