Skip to main content

tv   Business  Deutsche Welle  January 14, 2020 5:45pm-6:01pm CET

5:45 pm
i mean 1st of all and let's do business china and the united states sign and 1st or initial trade truce tomorrow and it looks like both sides are bringing something to the table beijing has agreed to buy billions of dollars worth of u.s. goods and services washington has dropped its stays of nation of china as a currency manipulator but it is caution on financial markets and among leaders it's a few signs of enthusiasm on the chinese side vice premier league arriving monday to sign an interim deal that at 1st glance is more favorable to the u.s. it's an agreement that's already boosted u.s. markets and stands to pacify american farmers china will buy 80000000000 dollars more in american goods like the soybeans and another $35000000000.00 in services still there is more reason to smile in beijing these days the economy is showing signs of life exports were strongly up in december for the 1st time in months or oil imports are also on the rise significantly the u.s.
5:46 pm
says it will stop labeling china a currency manipulator it's a label that has bothered china. says on who will actually china has never been a currency manipulator the united states latest conclusion can said to be in line with the facts and in line with the international community's consensus. a trade deal takes some pressure off china without digging too deep into stick your issues like intellectual property and technological transfers exporters also stand to gain but the broader picture is more complicated u.s. tariffs will remain in place on $370000000000.00 worth of chinese imports like steel. and the near term remains muddy domestic spending on things like cars is down a new survey by reuters predicts 2020 will see the weakest growth in china in 30 years. the u.s. and china remain wary of one another both sides have pulled back on agreements in the past trumps re-election bid adds another element of uncertainty. more reason
5:47 pm
while this new deal will be so closely followed. and we're doing just that at china expect if it could and is here alone without frank a correspondent well the bots starting with cliff and what's changed on how beijing handles its currency well if you listen to beijing nothing has changed because china says it was never a currency manipulator in the 1st place however what they have said is that they've agreed to refrain from devaluing the currency to make their goods cheaper for foreign buyers and how they've been doing that they've different ways of intervening in the market they says a daily reference ration and then the central bank will intervene or what to buy or sell dollars so now we have to see how this will will roll out given that we've got this week the 1st round phase one of the trade deal coming through so if it's not going to be doing anything different i mean has trump achieved anything well it looks like the surplus that was there before has decided the trade deficit has fallen by by 8.5 percent so since the start of the trade war so that's
5:48 pm
a pretty pretty impressive the china is buying its goods and services sure i mean it was that took a lot of pressure to do that but i mean i certainly will take the credit for well what do you reckon of these 2 economies moving towards a level playing field. i think if the numbers that are being mentioned in connection with the phase one deal are true and if there are realizable youth then yes the trade gap is going to narrow and it's going to narrow it's going to be trimmed to a significant degree it won't disappear the question is are these numbers that are being touted realistic because i'm reading analysts and louses on it that for example crude that's supposed to be imported from the us to china it has a different quality and that's important for being able to refine it or not and perhaps the chinese aren't able to refine it and you have a cultural numbers seem way too high for many people unrealizable really tell me can europe expect the same sort of tactics from the u.s.
5:49 pm
when it comes to big issues that trump has with the e.u. like subsidies taxes. i think so i think you have to look out for that i mean from trump's point of view and i think also from the point of view of his voters he's been successful so far we've just heard that the trade gap narrowed the chinese are saying they're not going to devalue their currency so there's been some scores there's been some wins that he cannot show up and say that that's to the advantage of the american people i don't think the europeans can hope for a milder treatment he's going to play hardball with the europeans as well and he's made clear many a time again that he's out for the german car industry ok well headlines aside cliff it how momentous will tomorrow be with the signing of these initial trade trips well i think it's always it is a momentous day we've had this is one of the markets now for months i think though the main thing is going to be simple implementation and see how it actually on
5:50 pm
rolls is still a lot of areas they haven't really reached agreement on this in the murky areas about intellectual property rights and. technology transfer a lot of these are are they will be seen as achievements but they're also trying to get china to do what it's supposed to be doing already so it is momentous insofar as it will certainly bring some certainty back into the markets but a lot is going to be going forward we have phase one what will face to face yet how many phases are they going to be you know there could be 56 days you know. the never ending story the never ending trade theory if it created thinking about it and only thank you for your input from frank that i can. kerry lam has promised a further $1300000000.00 u.s. dollars in relief to help an economy struggling for months of protests saying it's recession last year for the 1st time in a decade a total of more than $4000000000.00 has now been pledged to all the lamb insists on
5:51 pm
kong is resilient as a financial hub. hong kong polytechnic university was the scene of some of the most shocking images from the anti beijing demonstrations when it was held under siege back in november. but this week it reopened for the new semester admittedly with a few extra security measures. hong kong chief executive carrier tried to strike a further optimistic note this time for the economy. hong kong will rebound after these months of social unrest and we have a lot of opportunities in front of us that will give us more economic growth in a time to come that future growth she said means an extra $10000000000.00 hong kong dollars can be spent helping people struggling now that represents about 2 percent of the total operating expenditure of the government but it also reflects our
5:52 pm
commitment to improve the living conditions of the disadvantaged people and the elderly those disadvantaged and elderly hong kong is could be in line for cash handouts under the government's plans the administration is also considering an increase in statutory holiday for workers from $12.00 to $17.00 days a year. but what the measures won't do is end the unrest the cause of hong kong's money troubles kerry lamb remains accused of having done far too little to meet the protesters demands. now to some of the other business stories making news u.s. justice officials have asked apple to unlock 2 i phones following to a gunman who attacked a military base this again puts the company in a difficult spot privacy is a selling point for apple washington is calling the shooting an act of terrorism it could have involved others. no chief col is gone has filed suit against the company for a with help or time it payment did not pay the 250000 euros saying don't quit while
5:53 pm
jailed in tokyo on financial misconduct charges guns said he had no choice given his detention and fled to lebanon to escape the charges. and choked up record annual sales in 2019 that's despite trade boys diesel emissions and slowing global growth given comic delivered 11000000 vehicles a rise of gold and stands on the previous year and likely enough to remain the world's largest automaker. the new mobility trends favoring sustainability and digital innovation of putting the likes of folks fogging and b.m.w. under pressure other companies have taken the lead like one berlin startup which believes that it's autonomous cob made by a 3 d. printer is the future of mobility. efficient digital and self driving this will be the car of the future if the berlin started big rap has
5:54 pm
anything to do with it the low key prototype is the company's 1st car that's fully 3 d. printed. loki's the expression of many contemporary trends that have been joined together in one visionary vehicle. those are autonomous driving him ability and 3 d. printing. we're always trying to go these 3 things together to create a unified vision. daniel greening and his team spent 12 weeks designing the car it's made up of 143 d. printed parts made of nylon and other industrial grade materials the pod cars designed for short distances in an urban environment later this year the car will be equipped with an electric motor so that it can go out on its 1st test drives each part is equipped with a digital fingerprint chip that will allow the parts to be printed on demand on any 3 d. printer. but lowkey is still very much
5:55 pm
a car of the future the german auto industry is still largely wedded to traditional manufacturing methods and combustion engines experts say car makers overall tend to be slow to get on board with innovation. is going to change that in germany will have to make friends with experimentation and failure we favor stability and conformity with safety norms that's good but if you want to go digital you have to practice. researchers and developers agree the auto industry will need to go all in on mass production 3 d. printing it's the only way they say for the industry to remain economically competitive and flexibly fulfill customer demands while meeting emission standards and conserving natural resources part of it and. many replacement parts today are still manufactured using traditional series production methods for that to be economically viable many parts need to be made at once they are stored in
5:56 pm
a central warehouse and then distributed 3 d. printing can change that. it would allow us to manufacture only what we really need where we actually need it. or step it off it cokie is designers hope that 5 years from now the 1st autonomous fully 3 d. printed vehicles will hit the road in germany printed with a fleet of big red printers. crank up those bridges business with.
5:57 pm
5:58 pm
me to just show the photographs show sucks. la. paz. a smart way to get your good. job a lot o. s. mobility show every week w. .
5:59 pm
frankfurt. international gateway to the best connection self road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and try our services. be our guest at frankfurt airport city managed by from.
6:00 pm
and. not just in. the fighting in the. peace conference.

22 Views

info Stream Only

Uploaded by TV Archive on