tv Business - News Deutsche Welle September 7, 2020 10:30am-10:46am CEST
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europe is facing new challenges. developing the european public sphere especially digitally is one of the biggest challenges in the coming years. we could immediately here. join our discussion starts 1230 u.t.c. . the u.k. prime minister says it's a deadline for a post break that trade deal with the european union but he says if talks break down we will be ready that raises fears of a no deal breaks it the british pound takes a pounding. chinese exporters continue to benefit from the relatively early reopening of factories following lock down or bring you the latest forecast beating trade numbers. and the pandemic gives caravan holidays a powerful tailwind trend towards booking that hotel on 4 wheels and traveling
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domestically. and it is all in let's do business the pound has retreated from its highest level in almost a year the chances of a no deal break that have risen sharply the u.k. wants full autonomy over its state aid plans that's threatening negotiations with the european union the 8th round resumes in london this week british prime minister barak johnson has brushed off fears of chaos if talks fail he's also given an october 15th deadline for a trade deal with the e.u. months after refusing to set a cutoff date. let's go over to our financial correspondent in frankfurt. we closer to a deal oh just closer to chaos. no we're not closer to a deal ban on the contrary the u.k. is government is making it pretty clear that it wants independence from europe at any price meaning. that even previous agreements you know for example the so-called
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divorce deal that was struck between the u.k. and the european union that was supposed to guarantee a peaceful and smooth relationship on the irish border is nothing that we can rely on u.k. the u.k. government has introduced a bill that is in opposition to this divorce deal which means that a certain amount of chaos is what we all have and in particular of course businesses have to get prepared have to get prepared for when breaks it comes at the beginning of the year you know a certain amount of terrorists paper trails that you have to fill out if you want to deal with the european union when you are a british company not something you'd want to deal with if you rely on you know those just in time supply chains cold read what happens when we do get a deal what sort of a deal will it be. well. all that everyone will be
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focusing on is the w t o rules the rules of the world trade organization which means a certain amount of tariff will come in automatically for example milk products that will be sold from the e.u. to britain will increase 30 percent in price other you know things which are also beneficial to the european. union will likely to continue at least at the beginning contribution thank you very much. well in the meantime china continues to crank up its export machine the world's 2nd biggest economy is bouncing back exports rose by 9 and a half percent year on year in august significantly beating expectations that's the 3rd month in a row of positive growth it's the strongest gain in 18 months with demand surging for medical supplies and electronic goods china's exports have been pretty sharply as lockdowns around the world of gradually eased but imports remain sluggish with
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domestic demand still wait. one whom is chief investment officer for europe and asia bank's international private bank is it just a matter of time till domestic consumption kicks in in china yeah we think that the right approach to assume i think as you already pointed out exports are much stronger at the current status but we should also forget when you compare your on year last year this was of course the u.s. china attention so hence business week's all from a base perspective this year the numbers surprise on the upside but on the import side we think the mystique you mentioned also catch up in the next few months when it comes to a level playing field globally and letting in foreign investment on similar terms
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let's have a listen to what president xi had to say the trade fair on friday. china will answer when they expand its opening to the outside world and continue to relax market access for the service industry and actively expand imports of high quality services or for example. when china going to stop playing fair that i mean that it significantly boost the world economy wouldn't it. absolutely i mean we have seen of course china over the possible years. already started to open up the economy there is much more flexibility and freedom also for foreign investors and companies to come in into china and do business but of course event was also one of the key element between the u.s. and china which as we know is just stage one so more to come from all of this
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but clearly china is moving in this direction how long it would take but $1000000.00 question. we'll get back to you on that one had now the stage turn heard thank you very much for your input samsung electronics has won a 6700000000 dollars contract to provide 5th generation wireless solutions or 5 g. technology to verizon communications in the u.s. it's a big win for the electronics giants networking gear business themselves competitor weiwei is grappling with u.s. sanctions and washington's effort to get allies around the world to shut out the chinese companies. to an industry bucking the trend joining the coronavirus crisis caravan holidays a great getaway if you're keen on self isolating and escaping the crowds of all inclusive tourist resorts and hotels sales in germany
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a shooting through the roof. it's like building lego on a large scale workers assemble a caravan from a prefabricated parts. or immobile in the german town of spreading and they're currently producing up to 10 caravans a day. they're full capacity and their boss is happy the american spirit was not with. but unlike a common will be brought in on the ground for young feeling oyster i guess selling like hotcakes they sometimes are due to the 40 percent growth that's what's intellects. their $400.00 employees building comping bands and spending on the furniture for the vehicles is produced in the company's own carpentry workshop and tree shifts the demand is so great the customers have to be patient. i don't it's often called fortune out of the customer the waiting time not in crisis some bronze we have a waiting list about a 6 months to 6 minute about that side of the thought so you get. the growth for
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recreational vehicles is not evenly distributed is popular caravans are doing well here and with other manufacturers but the real hits are comparable and these are violence which are customized and expanded they account for almost half of all new recreational vehicle registrations in germany. hotel and 4 wheels is becoming ever more popular on german roads what's missing are parking spaces things get tight especially at weekends the industry hopes more communities will recognize the need for more space. or immobile has just built an exhibition hall spread over $3000.00 square metres. the company is confident the growth will continue the whole industry believes that this is more than just a flash in the pan because of the pandemic. of the ensure i don't know i'm a musician has been 425-0000 euros on a recreational vehicle is because that will last longer. than that you know. the
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feeling of freedom of distance from other people and more individual there are many reasons for going camping. and just updating our top stories the u.k. prime minister says if the talks break down with the e.u. over a trade deal we will be ready that's raising fears of a no deal brags that chinese exporters continue to benefit from the relatively early reopening of factories and there's another trend on the upturn the pandemic giving caravan holidays a powerful tailwind and then fizzle and thanks for joining us here on t w a see you again are sick of our.
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of that comes straight from the heart to its former c.e.o. david accords in the morning delusional marsh walk in trucks from. the from the front of the law to their final resting place the russians are g.w. documentary. lynching is keen to experience traditional jevon cuisine the mother is visiting germany for the 1st time from china. mother and daughter decide to go on a color very adventurous. has had to wait until it's time waging on their studies the university of student going to my mum's she does visit . the plan is to wander through the black forest together and so.
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when she wants to make be for a lot so her mother can try german cooking the 1st step is to head to a traditional german puts you shall be just looking around to feed them under the ocean the whole one in the church is asking for things on the ice or to go places or to a question which are told to hold east top on top of this here he's amazed by how many types of meat off their. flies get this is good for the kids with my ham cheeses finished and i'm ok with germany dumplings it's way beyond we also like eating potato salad with it all with beef broth a bit of grated on you know over it while unveiling i guess you don't get that where you come from the thought was if it hit someone it in the eye i'm innocent.
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