Skip to main content

tv   Business  Deutsche Welle  October 7, 2019 3:45pm-4:01pm CEST

3:45 pm
to this week amid more reticence from beijing. and cambodia could lose its lucrative everything but arms trade deal with the european union which tell you why . i want to get germans welcome to do business asia now these days trouble is just one tweet away anger in china is mounting over a comment by the general manager of basketball's houston rockets he openly supported the pro-democracy protests in hong kong problem is china is a highly important market to the league and its corporate sponsors so after just one tweet damage control is now in full swing. the houston rockets in training that star players enlisted to help smooth over a fallout that could risk their money straining relationship with china. the year we're posers oh and you know. we love china with no planer. and
3:46 pm
no hope for both of us would really go there you know once twice you. the grovelling apology comes after the team's general manager daryl morey tweeted support for the protests in hong kong has since deleted the tweet and said that he did not intend to cause offense humble words that show the importance of chinese money to the n.b.a. but they came too late to prevent sponsors like the sportswear company laning and shanghai based s.p.d. bank from cutting ties with the rockets china's state broadcaster has announced it will no longer show rockets games and the chinese basketball association says it's ending its relationship with the club so should the houston rockets are largely responsible for china's interest in the sport which took a large stride forward when they signed local boy missing in 2002 now the market that is worth billions to the n.b.a. . last season more than half a 1000000000 chinese fans watched n.b.a.
3:47 pm
matches through the online platform 10 sent each of us is a potential buyer of merchandise and tickets this week the brooklyn nets are playing the l.a. lakers in china the nets own by chinese billionaire joseph side the co-founder of web titan alibaba for his part he said the damage from the pro protests tweets would take quote a long time to repair. and all we're talking about is one tweet that didn't go down too well jonathan crane. jonathan what damage ah the houston rockets looking at well as we heard in the piece monica a couple of sponsors have already pulled the plug now sometimes when you have a sporting scandal browns stick by the teams or players having to ride it out this hasn't happened they can have distance themselves clearly china's s.p.v. back we heard in the pace that the biggest sponsor in china of the houston rockets they've suspended their partnership we don't know how long will that will last
3:48 pm
whether it is permanent i think more critically as well as chinese state t.v. saying they weren't sure anymore houston rockets games 10 cent the internet streaming giant which concluded a 1500000000 dollars 5 year deal with the n.b.a. says they weren't so used to iraq it's games now when you have such an internet giant is that saying we're not going to show the games it just shows how serious it is and it shows i mean it's a houston rockets the whole league is now up in arms there's a very special connection with china to tell us a little more about that indeed it's usually embarrassing for the houston rockets because in many ways that the reason why basketball has become so popular in china it's already down to one man yao ming he was the houston rockets for almost a decade before he retired in 2011 a hugely successful player he's in the n.b.a. hall of fames obviously there was a lot of chinese interest in him and that's in jewett even after his retirement the houston rockets have china nights often coinciding with the chinese new year sometimes they want to show chinese lettering chinese logos on it such is that link
3:49 pm
with china now to say how damaging this is the n.b.a. statement in chinese is a lot than the one in english he said to tweet undoubtedly the feelings of chinese boscobel fans i think it will have a knock on effect we mentioned have signed the peace the brooklyn nets he has written a very angry open letter he basically called the protest a separatist movement and he says that the houston rockets and i was shot. of the chinese markets and that is unfortunate given the fact that china interesting enough is really aiming to be a really big player in the world of sports you have the olympic games you've got players they're moving their big transfer they have a big big money the link between money and sports in china seems to be something worth watching about india china is a huge market for sports organizations whether you're a sports team you want to go on tour in china you're opening up offices local offices in the country or your thoughts federations wanting to host an event that
3:50 pm
now it's a market that is growing in terms of the t.v. rights sponsorship and corporate sales and also the found base if you bear in mind the population 1300000000 even if you've got 10 percent of that who are interested in your sport that's an awful lot of people golf a lot of eyeballs on your sports all right jonathan crane there from sports filling us in on that tweet and the houston rockets thank you so much you're welcome well speaking of tensions around china markets looking ahead to the u.s. china trade talks as scheduled on thursday and it's suffice to say they might have to manage their expectations over the weekend news agency bloomberg reported that chinese officials are signaling that they're reluctant to agree to a broad trade deal with the united states one such official has reportedly said that the chinese off well will not include reforms to chinese industrial policy or to government subsidies a significant now ring of the range of negotiation topics. and for more
3:51 pm
let's cross over now to our correspondent in singapore andrea hang on tell me what's china playing as. they want to go now china is very protective of its financial systems as it is with everything else that goes behind closed doors and that includes the subsidies which is a very trump trump target for the financial system in china is something that will not be reformed unless they themselves come up with the solution but there's also the impeachment inquiry which it feels can play into their caught somehow. now how is that going to help end a protracted terrified. well china is seeing the impeachment inquiry as an opportunity for them to muscle in on trump and get what
3:52 pm
they believe should be a 100 percent for us deal and also they also see this as a weakening of trump's position as president if not if not that then a distraction now according to a china expert their calculation is that trump needs a win and is willing to do whatever he can any compromises possible on substance in order to achieve that win and china also has that crisis in hong kong that was featured as well earlier that won't just doesn't seem to go away but that at the same time chinese chinese officials believe that they can hand it's not the whole congress is not as unmanageable as the impeachment inquiry and that is they're trying for themselves if you can pardon the pun. and indeed to under 4 thank you so much. went out to some of the other stories making news around the world. authorities in the southern indian state of. sacked 48 regional transport
3:53 pm
workers isn't a strike they were staging continued to beyond the 2 day deadline set by the regional government state minister sated horse and cardinal to take industrial action during festival season. and german arms exports are heading for a new record this year by the end of september export licenses had risen by 75 percent year on year to more than $6000000000.00 euros by far the most exports were approved for hungary egypt follows in 2nd place. for almost 2 decades cambodia has enjoyed a duty free access to the european union single market thanks to the so-called everything but arms or agreement under its developing nations gets trading privileges in exchange for up holding democratic values but cambodia's to tyria raising human rights situation jeopardizes the deal. done supporters of the
3:54 pm
murdered region critic ken lee arrested on the anniversary of his death. 26. know these activist base imprisonment as the government cracks down on public opposition rallies their human rights group must remember late privately. they are demanding justice. that. really stop the independent investigation commission to ensure that justice will be brought to the public to find out who is a really. great guy. under the so-called everything but arms treaty cambodia can export all products excluding weapons into the e.u. duty free and return the regime needs to respect human rights and promote democracy at the moment the e.u.
3:55 pm
is questioning whether cambodia is keeping its side of the bargain if not they want to tell me the agreement a move that would hit the textile industry hard equal parts manufacture seat covers for german car manufacturers the manager has crunched the numbers. if it is being cast we have been known to be checking to. be affected with taxes between 6 percent. of the business club in phnom penh the everything but arms trade agreement is also on the agenda. as a group. yeah we are against the suspension as we see people because we don't see with what you know but. you're going to stress as well. chinese companies are investing heavily in cambodia and china is a growing market for cambodian goods it's one reason why economists here reckon
3:56 pm
a tammany of the e.b.e. agreement wouldn't be too damaging. some negative effect. slower growth. but not be a disaster because the size of the economy and the vibrancy. now. it is getting harder and harder for the e.u. to maintain the free trade deal in return for respecting human rights and political freedoms and all the while waiting in the wings ready to benefit a powerful a point of china. and that's your business update here in the w. for me in the team in berlin thanks for watching
3:57 pm
3:58 pm
6. but. scientists recently discovered these reptiles have the recent markings. now they think they've found the key to how comedians communicate. the most is. secret. 90 minutes w. b r fighters want to start families to become farmers or engineers every one of them as a plan looking for your children. so nothing is just that the children who have already been there all day and that's you and those that will follow are part of a new process. they could be the future of.
3:59 pm
granting opportunities for global news that matters d. w. minds. talk show. strong understood the clear positions from the turn of the 1st round to. every week we get to the point on our current topic. commit is a display to the point. of a. geminid. at any time putting any place using names. yeah i don't like it was quite a good song to sing along to you just a combo from soup. to nuts with. interactive exercises.
4:00 pm
everything is online and interactive then german to frame the book d w. the but . this is the w. news line for lead the us pulls its troops out of northern syria to pave the way for a turkish attack as turkey prepares to switch away kurdish fighters from the syrian border kurdish groups say washington is abandoning. also coming up environmental activists staging trust take actions to draw attention to the climate crisis in cities around the world members of the group extinctions were valiant aim to
4:01 pm
paralyze traffic in occupied buildings to get their message across. and the nobel prize for medicine goes.

36 Views

info Stream Only

Uploaded by TV Archive on