where the germans are going to freeze this winter is being decided as this construction site will show you how the country's new l and g terminals are to be linked to the national grid cultures. welcome to the program. defined pushback of opposition parties and even 6 ministries headed by members of his own governments. germany, chancellor, all of sholtes wants to press ahead with the sale of a 35 percent stake in a hamburg container terminal to a chinese state owned company. the ministry of economic affairs is running an investment review process as the container port is classified as critical infrastructure. amber's mayor, a social democrat like all of sholtes, has campaigned for the sale to chinese shipping, joined cost over more. let's bring in forgot dryer. he's the deputy general manager of the association of german chambers of industry and commerce. welcome back to the

program fargo. should this deal go through? yes, because germany is not only an internationalized economy with a great bulk of f d eyes in many countries abroad, including china. we're also dependent or in great need of receiving inbound investments, foreign direct investment. and when it comes to this project, it is at least our point of view. it's a minority steak and it's not really an overwhelming investment, which could influence and shape may be infrastructure towards the chinese regime and not in our and does not say that it won't believe in our hands, but for the clinics are pointing to that very fact or saying all right, it is a minority minority stig, it is a small step,

but one that could be expanded and then that could lead into trouble. i mean, when it comes up to the investor, then one has to take into account that this company has invested in many other parts in europe and, and hamburg is up to now in, in a position where we say it is with disadvantage. and this is just a next step to a level playing field. and on the other hand, it guarantees are safeguards a bit more of the access also to chinese markets and imported goods to germany, which are desperately needed right now in times of term was in the supply chains. you're saying a level playing field. others are saying that the chinese are turning on the screws basically on hamburg because boards in and verb reports and rotterdam are so partly owned and costco. good. just go there. so, you know, they're saying basically,

they're black mailing hamburg here for this investment. no, i do say level playing field in terms of the ports you have mentioned because they have already received capital from costco and therefore receiving our safeguarding their access to the chinese market among better. if we don't think that a minority stake like this will lead us to a position where we could be blackmailed by china and fog of this week, sir. meeting of the communist party in china saw a leader dejan ping holding onto a 0 covert strategy. putting the emphasis on military spending and its willingness, the countries willingness to quote mister she here unite taiwan with china. now that all sounds bad for business to be blind here, how much will and how much should german companies rely on china in the future?

there is mutual dependency between china and the west in general. and not only when it comes to german companies together with the united states european union, we are absorbing more all round one 3rd of the export of goods from china. and there is this 3200000000 package of savings outside of china in so to say, in the hands of western countries, especially in united states. so that means that we have yeah, that we have a really weight in these, in this process when it would come to conflict. and there's not only the depend depends on the of german companies. especially for prior of the association of german chambers of industry and commerce. thank you very much. welcome. hi,

inflation, a low economic go growth supply chain issues. the world's largest economies are dealing with crisis after crisis. it seems. meanwhile, we, it now is on its own path. it's economy expanded by 13 percent in the 3rd quarter. the country is said to have the highest g d p growth in south east asia for the 2nd year in a row now. and one of the highest in the world. vietnam's economy, notably did not shrink during the corolla virus spin them again. the set to grow significantly this year by 7.2 percent outpacing many economies including china, which is projected to grow 2.8 percent this year. and in the coming here, the said trend is said to continue with vietnam's g d p. that to go faster than china once again. one reason for that vietnam is a key part in major supply chains in the footwear textile and electronics

industries. major companies like i did as nike, samsung, and increasingly apple have manufacturing sites in the country. now let's take a closer look at the and i'm thinking amik rise with quinn, lee, n portfolio director at dragon capital and also a director there quinn. why is the vietnamese growth out pacing other countries in the region for the 2nd year running now? okay, so hockey and then we are, we have very strong domestic consumption. that is more than 70 percent of the g of it, ma'am. and now keep on the pandemic, we have been fully vaccinated, most of the population. and now we're really open to the economy. so people just really move and we go back to normal life, just like we call them. if you look at the number of domestic travel, a 140 percent of both the vehicles,

it domestic crumbling. and we also have the very fast recovering international side . the man, so given the strong recovery all the domains, domestic consumption that contribute a lot to the growth of it, ma'am. and the next thought is on saw another contribution to that growth. as we see that china symbol is a z and b now have benefit from that. so we see a lot of companies moving, not like they need to to have when i was asian in their many rhetoric and vietnamese one of us a copy destination. so we see f, b, i e u going very strong into the country. and, and i actually thought that you had mentioned anecdotal. and that generic go that's technology contributing a lot to the net of it, ma'am. and quinn if,

if the mom is benefiting from this china plus one strategy that, that many corporations are following. now, why is it that they're going to vietnam instead rather places. ok, so we have a population and therefore we have relative labor and you don't get the cost benefit. it's been a bit much lower than the other. and essentially if you compare to be it, ma'am, the label on average is just like less than half of china. we also have a government who sign or not 88 for the man. so companies who have many move fast to read and get them to enjoy the benefit when they asked the man the political police even get now he's also

saying, well, move and, and that's why. and also if you don't get the monetary policy as well, so we have to let you know that like a store and that people, people in the basement quin leanne, director and portfolio manager at dragon capital speed to us earlier today. now, spain, portugal and france have agreed to build an underwater pipeline between marcia and barcelona that were to carry natural gas and eventually hydrogen. the deal comes after the 3 countries decided to abandon plans to extend the mit cat gas pipeline that would have led through the pyrenees. meanwhile, germany is building pipelines that are to connect the 4 l and g terminals that are currently under construction to the national grid. projects like these would have taken years to materialize in the past. but the european war and germany's energy

needs have changed things dramatically. where the germans are going to freeze this winter is being decided here at this building site on germany's north sea coast manager. ronnie bundari is under pressure and now the rain is holding everything up, but his wig know hm. with when it rains, we have a problem, the ground is very wet here and it makes the work much harder, like normally at this time of the year, there is no construction work around here that is outside the pipeline is supposed to free germany of its dependence. on russian gas, in just a few weeks, liquefied natural gas from cutter, the usa and norway should be flowing here. the work is going ahead pretty much around the clock. despite mud and rain, the construction workers carry on the van bison. we will be ready by winter december 20th, is the plan for commissioning the line, which can then guarantee the supply for the winter and come

a few days after that. the 1st ellen g tanker is due to arrive. the special ships can dock in the deep sea port, immobile special pump ship will convert the deep frozen l. n g into gas and send it through the new pipeline. environmentalists and a local citizens initiative are usually opposed to this kind of infrastructure project. objections and court hearings often delay construction for years. but this time it's different on the notes because it really emergency situation we're complaining less about the pipeline than we would otherwise. of course, it's never optimal when something like this is built in nature. johnny bundari is already thinking about the time after the gas crisis in a few years green hydrogen could flow through these pipes instead of natural gas lines, a hydrogen ready. this means that the entire pipeline is already developed in such

a way that it meets the hydrogen standards. but 1st, the manager and her team have to ensure that the 1500 pipe sections are put together in good time. germany is counting on them. and the social for now for more news and background information, check out our website at the d. w dot com slash phillips. i'm chris colburn. berlin, thanks for watching. have a great weekend. ah, [000:00:00;00]

with go india. oh, kimberly. and whoa, i in ongoing decline in demand has reduced the number of sheep hers causing the ecosystem to suffer. now the local organizations are trying to rejuvenate the one trade which would revive traditional craftsmanship and to benefit the environment. eco. in 30 minutes on d. w. o, enjoying the view, she come to take a look at this tv highlights every week in your inbox. subscribe now.

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our children won't be able to enjoy fresh air. a year if revealed starts november 3rd on d w. ah ah ah, visiting w news line from berlin looming hunger crisis in nigeria. the was flooding in a decade, least more than a 1000000 homeless and crop fails, destroyed pharmacy. it's impossible to grow anything also on the program. leaders agree on a so called road map to head off a winter energy crisis. they promise measures within weeks to shield households and businesses from soaring prices. but germany and francis still divided on how to