where the germans are going to freeze this winter is being decided as this construction site will show you how the country's new energy terminals are to be linked to the national grid preschool. 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 giant cost over more. let's bring in fog a try our he's the deputy general manager of the association of german chambers of industry and commerce. welcome back to the program. busy should this deal go

through? yes, because germany is not only an internationalized economy with a great part of f d eyes in many countries abroad, including china. we are 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 stake, and it's not really an overwhelming investment with which could influence and shape may be infrastructure towards 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. they're saying all right, it is a minority minority stig. it is a. busy small step,

but one that could be expanded and then that could lead into trouble. and when it comes 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 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 the chinese are turning on the screws basically on hamburg because boards in and verb reports and rotterdam are so partly owned and cause go 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 markets among better. if we don't think that a minority stake like this will lead us to a position where we could be like mailed by china. a fog of this week, sir, meeting of the communist party and china saw leader dejan ping holding on to a 0 cove. its strategy, putting the emphasis on military spending, and it's the willingness that 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 that's only when it comes to german companies. together with united states and europe in 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 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 the dryer of the association of german chambers of industry and

commerce. thank you very much. welcome. hi, inflation. low economic though gross, a 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. the lamb's economy notably, did not shrink during the corolla virus been damaged and 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. and the coming here, the said trend is said to continue with vietnam's g d p. that's 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 adidas, 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 at now we are, we have very strong domestic consumption that is more than 70 percent of the tv. okay, 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 the 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 that domestic crumbling. and we also have

the very fast recovering of international side. it ma'am? so given the strong recovery all the domains, domestic consumption that contribute a lot to the growth of it, ma'am. and the s o n s thought is also another contribution to that growth. as we see that china symbol is the a z and bit now have benefit from that. so we see a lot of companies moving, not like they need to, to have with the asian in their manufacturing and getting them east one up at the destination. so we see f, b, i e u going very strong into the country and, and essentially thought that you had mentioned electrical electronic though. that's technology and contributing a lot to the net of it now. and quinn,

if via mamma's 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 nation, and therefore we have read a t p. labor and you don't get the cost benefit a much lower than the other. and essentially if you compare to the label on average, it is just like less than half of china. we also have a government who are not 88. and so companies who have many cars factory getting 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 money, sorry for the c as well. so we have to let you know that like a store and that people, people in the investment ma'am quinn, leon director and portfolio manager at dragon capitals been 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 it's like nerve. hm. and when it rains, we have a problem, the ground is very wet here and it makes the very much harder normally, at this time of the year, there's 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 ton 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 guess and send it through the new pipeline. environmentalists and the 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 of the 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. ronnie 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 already. 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 i 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 i'm chris kolber, and berlin, thanks for watching. have a great weekend. ah ah, [000:00:00;00]

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the u. s. capital. a you leaders agree a so called a road map to head off