tv Business Deutsche Welle November 13, 2019 5:45pm-6:00pm CET
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german engineering the facility is planned for the region near the new airport did anyone tell him that hasn't gone well. the problems in china take a look at how the african swine flu has impacted the world's biggest consumer of pork products. this is. one in berlin. a meeting between the leaders of brazil russia india china and south africa kicked off today in brasilia the so-called brics countries are trying to strengthen economic scientific and security cooperation now it's a turbulent time for the host continent we'll get to that in a minute 1st a look at this rather divergent group makes up 40 percent of the world's population and 20 percent of global economic output china is the economic powerhouse of the 5 its gross domestic product exceeded 13 trillion dollars last year india's population is almost as high as china but its g.d.p. was a 5th of that the next 2 are closer to each others levels brazil at $1.00 trillion
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russia at $1.00 then there south africa at just under half a trillion now in host country brazil the leader once described china as a predator a year on with a sluggish economy in mind he softening his tone as the president welcomes his chinese counterpart xi jinping the billboards however aren't as welcoming for hong kong china. and china brazil it would seem china's growing influence on the continent isn't the easiest to sell to the public. and we're joined by carlos d'souza he's the lead emerging market economist at oxford economics he focuses on latin america while carlos now give us a sense of the stakes here how important is china for latin america. so china isn't growing more than for latin america but i think we need to understand their kind of relationship is the last thing america and china have is
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very different from the kind of relationship in china with stan economies are in very different us off from relationships of china has advanced economies like here in the united states so what we're looking at is that most all of the emerging economies are very export are. going to the exporters so that their dependence on exports you need are things like oil or copper or or we call 0 products so that in the nation we're looking at this from pictures but overall we're looking at a kind of relationship in was in which china is buying all these drugs from that's in america this is very different from the kind of relationship in europe of the u.s. in which china access a manufacturing powerhouse in which the main point is important for the chinese to settle this rose to the rest of the world so anything in china's perspective i think america is the source of all these wrong and cheerios and that's why it is
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they're incredibly important for the long term for china to remain invested in the us in america to get all of this materials that china doesn't have in its own. outside of very x. and portents export partner for latin where america but we're also seeing a wave of turmoil sweep across the continent and several countries it's a time of political and economic instability what does that mean for chinese investment in latin america. you know that their way to the little terminal we're seeing it out to america is very diverse it is consigning in time but there is a kind of storm or so we're seeing for example in chile the protestant are still ongoing there over the last 3 weeks are mostly about very kind of quality she lays actually the most successful economy economy economy in latin america it has grown ways asset in our countries and has reduced authority quietly is also the racist british out of it out so it's kind of
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a bit controversial why there is so much in such on resumes also one of the most inane well economists and that is in america and then the main come out of the export of she lays a call for and since it's incredibly important strategically for china we don't think while china doesn't have extremely large investments in seeing him particularly whether private sector has very harsh investments for analogously private investment and chinese investment maybe temporary in the terror but in the medium term and with this is brought us will fade away and should not affect the long term outlook there are other cases for example in ecuador and they were very bottom drawer as you know doris a lot of very different nature than sheila in this case it was kind of like we are in bold and so serious measures imposed by the government on anyone and on and they don't announce it anymore they don't hassle like in their case or a sale when bills and out of this sense
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a bit from china aster very close relations. with the ex-president i'll go to in that case of that we can see the perhaps a little bit of distancing from china and what they were but the fact that they call our exports a lot of oil makes a long term relationship has to be in and maintain their you know case as we get it. sorry we might have to leave it there but your insights have been very interesting thank you very much carlos leader emerging market economist at oxford economics. is set to build its 1st european car and battery factory on the outskirts of berlin. says he chose germany because of the country's reputation as an engineering giant it's caused somewhat of a sensation here amid the intense competition over who would get to host the premium electric car maker's facility and at thousands of jobs in the region.
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the location couldn't have been more apt clutching his award for the tesla 3 elan musk broke the news. good evening with the markets much happier we've decided to put as they get a fair create europe in the area. the presenter was lost for words. the new factory will create 10000 new jobs but in senate if economics was swift to express her delight those who have vision come to berlin welcome tesla tesla already has a gig a factory in shanghai shown here it's roughly the size of $120.00 football pitches soon around half a 1000000 vehicles will roll out of here each year the complex took just 12 months to build a record the berlin plant will be a similar size it will specialize in the compact s.u.v. model y.
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and producing lithium batteries the factory itself will be close to the city's long planned new airport referring to the now 11 year construction period for that musk tesla would certainly be stepping up the pace. for more we're joined by harry hoster he's a professor at the university of like castor and an expert on battery technology why did just not really choose germany it's worth noting that the right the engineering reputation has taken kind of a hit with the botched building of the airport with the diesel gate scandal so what's going on there so i think there's 3 important points to be made here one is it's so technically very clever to to have a foothold in the one of the largest automotive markets in europe which at the same time is host also many of the strongest automotive mass producers within europe and that will certainly help to to increase their share in the european market as well as similar moves help the german companies extending their presence in the united
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states the 2nd point is there's a lot of embedded knowledge in the german common factoring industry about how to mess manufacture cars and this is exactly the thing tesla does not get to a 3rd maybe at mine a point is that many of us barrier free access to the products from the chemical industry which are key ingredients to the battery chemistry know musk is all about big ambitious ideas he's been known to bite off more than he can chew should berlin be in any way concerned. i don't think dylan will be concerned there was a bit off a vacuum of jobs that was mentioned in your contribution before so all the other big places that educate brilliant engineers and scientists also have the big automotive players any of them have around noon extolled guard and all me in the south and cars you have that. b.m.w. are taking all the skilled workforce similarly in the north. whereas around billiton the workforce has really nowhere to go out of them to the local startup
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scene so it's just a perfect place and it will help the overall ecosystem nothing to worry about thank you very much harvey hoster from the university of life. you're welcome. for the past several months a china has been grappling with an outbreak of african swine flu half of the country's pig herds have been wiped out the price of pork has surged as a result for a country that consumes more pork than any other the impact has been enormous. you might assume that searching pork prices would be good news for chinese butchers but for a town who young they're nothing but a curse. the price of pork is increased and there are certainly fewer people buying eating it to be honest we don't want the prices to be high we sell more when the price is lower if the cost is high the profits will be logged. china is both the world's biggest producer and consumer of pork meaning the impact
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of the epidemic has been felt on international markets producers in brazil australia and europe have benefited just specially from the fall in chinese outposts. the decline has prompted several local governments in china to tap into the country's frozen port reserves the existence of which shows how essential the government considers the meat to be. with the crisis already lasting month though officials are coming under pressure to take further action to stabilise prices. gloriana. the state council places high importance on the issue of the rights and pork prices and has a ready and acted a series of measures since its wish these measures as well as the policies up to now appear to have had a positive impact that fashion. did you that's all you. but for
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a nation of pork lovers the prospect of having to either cut down on or for cry more for their favorite meat may feel like anything but a positive impact. and fans of starbucks will like this next story the world of biggest brands is opening in chicago this week the 4 story building is a fully functioning grocery as well as a cafe the coffee beans are sent the team floors through transparent customers will be able to sample rare coffees from around the world to various brewing methods it'll employ around $200.00 people. and that's it for me and the v.w. business thank you very much for watching. the body.
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