tv Business Deutsche Welle December 23, 2019 9:15am-9:31am CET
9:15 am
business or simply the country struggling economy stephen beardsley from business will be here next to look at the latest stuff. you're watching news from berlin and we have more for you coming up at the top of the hour and of course get all the latest news and information around the clock any time on our website at www dot com. every journey begins with the 1st step and every language but the 1st word published in the. code is in germany to learn german why not. simple online on your mobile and 3. d. w. e learning course nikos fake german made c. .
9:16 am
christmas time. avocado semiconductors china is loosening tariffs on hundreds of products as it nears an initial trade pact with us we'll take a look at what that could mean for the domestic economy in need of a boost. also in the show chinese pig farmers are on edge as the season high prices sure their businesses. and
9:17 am
a charity raffle in paris hopes to raise big bucks by auctioning off a work from one of the great masters. this is your business report i'm stephen beers in berlin thanks for joining us china announced monday it will lower import tariffs on more than 850 types of products ranging from frozen pork to computer and phone components and the move follows a thaw in china's trade dispute with the u.s. and it comes amid slowing growth in the country as well as a push to stimulate consumption compared to other years 29 has been sluggish for the chinese economy and beijing appears to be determined to change that starting january 2020 china plans to lower tariffs on more than $850.00 products including fish and frozen pork beijing's latest move is not linked to the ongoing trade truce with washington but more so the shortage of china's most popular me pork thousands of pigs have been culled as
9:18 am
a result of an outbreak of african swine fever the tariff reduction will help with the pork shortage while also stimulating domestic consumption amid slowing growth in the 3rd quarter of this year china's economy only grew 6 percent on the year that's its lowest pace in decades the country has maintained growth rates above 6.5 percent over the last 5 years but that is set to change this year and some analysts expect an even lower rate in 2020 that may have given reason for the chinese government to intervene the lower prices for imported goods will also be welcome news to chinese consumers. chinese government is taking great efforts to keep port prices low amid the ravages of african swine fever what does that mean for pork producers themselves times are tough even for those without infected stock or correspondent in china since this report. in the last few months and he juncture has been observing his hogs very carefully in august
9:19 am
a case of african swine fever broke out in a nearby village. so you have in years they reported it to the authorities the government came and killed all the pigs all of them the healthy ones as well they buried them deep in the ground that's how they were able to eradicate the disease. there are no tools for diagnosis available the only thing he can do is to observe whether the peaks look healthy african swine fever is a disease caused by a virus originating from africa but which is now spreading rapidly throughout china is harmless to humans but highly contagious and you need to know for hogs meat has 4 pigs worth a little over 2000 euros. the 2nd is so fat it even has trouble getting up. it lets you know you will have it for chinese new year. new years also the village butcher he buys
9:20 am
a dog from other farmers were slaughtered overnight he keeps them with his own store and infected pig here would likely kill his own pigs as well this one has just arrived. using it that usually we don't worry a lot about our pigs but since the african swine fever broke out everyone is afraid of how much. the real extent of the epidemic is unclear some experts estimate that up to half of china's pork livestock is affected. early in the morning the time has come for the hog board for the previous night. the fact is white and the meat looks tender that's good quality. home. and he says that he's now cost twice as much as they did last year in order to ease the soaring prices the government has released part of its strategic frozen meat reserves the frozen meat says a lot cheaper. but me says he's not worried that his customers might dump him you
9:21 am
don't know people here don't like frozen meat once it's frozen they won't touch us . pork is china staple meat increased pork prices are the main reason behind the rising inflation the meat is still warm and the 1st neighbors show up 1st come 1st serve and while his customers state faithful to him his business has been affected . and everyone talked prices used to be very stable in art and age but now that it's more expensive i buy less meat. china's government recently announced that pork production has begun to rebound whether this is true or not is impossible to a very far in the meantime you can do little but to hope that the virus does not come back to the region. let's go now to taipei where i'm joined by d.w. correspondent so dong han so we just saw that piece on a pig farmer there struggling to make ends meet there with the threat of african swine fever how critical is it for china as
9:22 am
a whole to bring in alternative sources here to import pork. well. it is very serious question right now because china's pork industry has been hammered by african swine fever according to official data so i feel for has nearly half of china are and we know like china's pork imports has also search more than 150 percent in november of last year and we know the situation especially worse because the price still going higher these hosts taylor stock up on supplies 2 chinese new year holidays is approaching so given this situation reduction in the tariff is not surprising at all. have a big change to your approach is pretty considerable you mention the import tariff there these other tariffs as we look at them just one of them are they basically
9:23 am
implementing new policy from china or assisting a broader message about trade in general what do you see. well i think both because they said that quote they're just the measures are conductive to reduce the import costs promoting the orderly and free flow of international and domestic trade and of quote so on one hand beijing won the chances to optimize the trace. on the other hand it's also a gesture to a more open economy before the trade war with the us officially ends. joining us from taipei thank you very much. now the holiday spirit might be short lived for live tons of the german airlines cabin crew union has threaten the company with a new round of strikes after christmas and it implied that subsidiaries german wings and euro wings could be affected to denounce that came after failed talks
9:24 am
over the weekend as the union is currently seeking better pay and benefits for 21000 staff members in november tons was forced to cancel 1500 flights because of a 2 day strike that brought air traffic across germany to a standstill. and for more on this let's go now to our financial correspondent in frankfurt bards. there's a really good have you with us as always we talked about these cabin crew strikes how much disruption could they cause if they take place. we don't know the extent of that yet the union isn't from feeling any details that's part of the tactic of putting pressure on management to come across the table with with an offer that
9:25 am
they would be willing to accept and that they could present to their clientele to their cabin crew membership and the u.f.o. the cabin crew union has assured people that there won't be strikes over the christmas holidays here 24th 25th 26 of december but that's of course implying that after that it's up for grabs and the problem is both sides are playing hardball because there's so much at stake because not only tariffs at stake but also fundamental issues as well. well it's been a tough year in general flu tons of for everything from labor relations to bad business your wings for example do things look any better as 2020 approaches. not at this point in time to strike a bad start end of the year and a bad start to the new year but left tons of just recently announced some major
9:26 am
changes basically a shake up at the top in order to change things and they're not only changing people in charge the head of personnel for the group is being thrown out she is seen as not having gotten come to grips with the problems with the staff pilots management pilots cabin crew caterers but also the group looking at organizing that discount business and also selling its catering business major cutting costs right something lee will likely be keeping an eye on as we go into 2020 is there force in frankfurt thank you very much. call it great art for a great cause for a $100.00 euro ticket a charity raffle in paris plans to raise funds for clean water in developing nations and it will award an original picasso painting valued at 1000000 euros. measuring just 30 centimeters by 46 not by popular because so this is still like
9:27 am
from 1921 it represents a table newspapers and of course a glass about something. but this is not just any problem because so abstract or long combis the french nonprofit help the others hopes to sell up 220-0000 raffle tickets for 100 euros each with the winner randomly selected by a computer in early january it's a chance to own a picasso and to do some good. that idea was to have a rough edge because everyone over the world could participate and we want to get money from everybody to raise money for a good cause so what would be a good price to give for. that everyone. would know i thought of the painting and obviously picasso is the most famous artist ever so i thought picasso would be
9:28 am
a good choice. all proceeds from the raffle will go to the international charity care for a project to provide clean water and sanitation facilities to schools and villages in cameroon madagascar morocco. the prize winner will be announced in an official draw at christie's paris on january 6th organizers hope to make it in the annual event. or if that's it for me and the d.w. business team here in berlin there's a lot more business news and stories on our website dot com slash business you can also find us on facebook and twitter i'm stephen bears in berlin thanks watching.
9:29 am
9:30 am
a mere 5 year average to the ends justify the means to tim's witnesses 45 minutes w. . the phone. they will not succeed in dividing us about i'll not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made for minds. most of the business players and stop making their way home for a well earned mid-season break before still fighting it out for the final 6 points on match day 17 bringing the 1st half of the season to a close. face spending the break in the bottom 2 if they fail to win against. even.
33 Views
Uploaded by TV Archive on