tv Business - News Deutsche Welle November 4, 2022 11:15am-11:31am CET
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talks in beijing on friday with chinese see to she didn't think and premier me kitchen shelves also addressed controversy of the economic and human rights issues, but told china he wants a deeper economic relationship. that's your news update up next, daniel winter has your business is including mol, on the journey chancellor's visit to beijing. i'm christine wonder. i'll be back at the top. the next hour. it's been good having your company see event ah day again, they get all the harvesters are immigrants, dolock is that everything you enjoy eating at home with your family, was harvested by people who are being exploited. estella decently. and
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we're going to need durham, we can keep doing what we're doing, and that's why your green revolution is absolutely necessary. europe revealed the future is being determined. now, our documentary theory will show you how people, companies and countrymen are rethinking everything and making made changes to your revealed this week on d. w. ah, can germany and china fall the frosty relationship? the german chancellor is in beijing meeting has chinese counterpart and it's a controversial meeting. would it be worth while? will speak to our correspondent, also coming up thousands of tech industries,
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top leaders to center. lisbon. what have recent economic russians opened of the industries business model? our chief tech correspondence is on location with the on it's that time again dw business. welcome. germany's chancellors in china in an attempt to warm up the frosty trading relationship between the 2 countries. schoultz noted that he and chinese leader she didn't ping a coming together at a time of great tension. he pressed china to exert its influence on russia in the name of peace. our reporter, emily leshana, has been looking at the tense economic relationships between the 2 powers. the visit comes as germany's reliance on china is being scrutinized. european leaders say it puts germany in a vulnerable position just as its dependency on russian energy exports left it exposed after the war. new crane. but entangling itself from china's market will be complicated. for the last 6 years in a row, the country has been germany's largest trading partner in 2021 more than
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245000000000 euro worth of goods were traded between the countries. that's way ahead of germany's next to most important trade partners. the netherlands and the united states polling shows nearly 70 percent of germans want to reduce dependence on china, even if it means sacrificing prosperity. the sentiment may be harder for german businesses to share. about 5000 german companies are active in china to day with investments of about 90000000000 euros. remedy is mattress, the major source of investments. i'm the chris law jobs including in places where china's economically quite struggling. like in the northeast, just sort of the russ don't. that's for a lot of like the german car makers are and they provide like a really important ballast to the economic situation in those regions. it's a relationship that has advantages for both nations. beijing controls much of the
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rare earths and lithium that's needed to create green infrastructure. germany also relies on chinese semiconductor chips. during on gala merkel, 16 years as chancellor ties with china flourished. merkel often favor engage manual rather than confrontation bushels. his current coalition, government has called for a harder stance that says even to national park, not by and it is not just a partner in international issues, but also a competitor and even more arrival in view of its understanding of the international order i internet to 9 autumn in may, germany economy minister robert high back denied volkswagen guarantees on its investments in china, which it had enjoyed for years. all part of habits plan to reduce germany's dependence on the chinese market. meanwhile, chinese state backed and private companies are buying up critical infrastructure across europe. like see ports and wind farms,
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a risky competitor or an essential partner. the world is watching olaf sholtes is government to see where the relationship between china and germany goes next. and from all on shelters trip to china, we can speak to a correspond and so some hon. um, what the both sides want to get out of this trip so well, if we want to know the answer 1st, we want to look at the timing of schultz and visit. show is the 1st european leader to visit china after the latest party congress of the chinese communist party, where she didn't even begin his 3rd term. unprecedentedly as the chinese top leader. and also for all of shows is also his 1st visit china after he took office . so if we quote shooting his words that he thinks that this visit will enhance the mutual understanding and trust and deepen product called corporation in various
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fields. and in china, many experts also look at the shows visit as a business trip of the he brings oldest business giants along with him. so in this trip also people expect the true side. we'll talk about concrete and trait fans or even market access for a lot of them german business. so for china is also important because we know china economy is looming under its arms. they will call the policy. so it also needs under germany to come to china, to talk about more practical economic corporations, us their leverage for their political interests in europe. ok, so the, there's a positive tone right at the start of this meeting. is there any sign though, of the ice thawing between the 2 nations. while daniel, yes and no. of course the both leaders talk about the next stage of the final german relationship. but we know there are
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a lot of pre conditions for china because the person she and he also mentioned that both sides should, should, should have this relationship based on principles of mutual respect, seeking common grounds while we serve indifference, as we know that the main goal of all of shelves is time, or another goal is to have a talk with simpson on the ukranian war when china have this like cause the support attitude told the war. so a lot of leaders, they hope that all of shorts will be able to raise this question and ask you if he could possibly maybe have a talk with the russian president putin, to put on some pressures on russia to stop this conflicts in your credit. but we know china has a very different attitude, told this issue, so if both sides cannot reach consensus on this issue. so it's really hard to say that if germany and china will be able to, to have a better relationship, they have such a different offend on the issue on ukrainian war. so we've seen all kinds of in
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fighting inside the german government over its approach to china. could the german government views on taiwan and human rights abuses in china? make 2 countries coming together difficult? yes, armed any obese to all the toughest questions for china, because they considered high one problem of their internal affairs and they don't want anyone to have a voice on it. because at the same time that while all of schultz is in china, the group of european lawmakers in taiwan, where china has a very strong pull test against that and also on human rights issues too. they think that these issues are raised based on unfair accuse ations on aging. so if these germany, you want to take a tougher stands on these 2 issues. it's really hard for the both sides to also have a better relationship after even after all of shorts visit. so in to pay for us.
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thank you very much for them now to some of the other global business stories making news, e commerce join amazon announced that will temporarily stop hiring new employees for its corporate workforce. that's due to an uncertain and challenging economy. says the company said the hiring freeze would remain in place for the next few months and its official twitter is laying off a large part of its $7500.00 employees. one week off to elan mosques, acquisition of the company employees will receive an email today confirming whether they've been fired or retained. twitter offices will be closed for the day and badge access removed. mosque is expected to cut around half of twitter workforce this week over $70000.00 tech executives and investors are gathering in the portuguese capital for this year's edition of the web summit. europe's largest technology conference, but soaring inflation around the world. and
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a looming global recession have dampened the mood. well, joining us from lisbon to explain all about it is the w's chief technology correspondent, young osh delica. yeah, now we've seen amazon microsoft meta struggling in the current economic environment . some say the known tech business models that succeeded so far have been appended . what are the great and good of tech saying there at the conference? well, you know, the atmosphere really is different from previous reps. them as in the world just isn't the same. the war ukraine has prompted global insecurity. we have storing insulation around the world, and the market reflects that. companies are hiring less, they're investing less and take executives and investors here are really saying in a brace yourself for a couple of tough month and years to come by the situation might get even worse. okay. and which areas in particular, do tech leaders seem to think that will be particularly hit hard by this downtown?
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i mean, one area that will likely be hit particular, the hardest, the world of start. that's right. you know, young companies, upcoming companies who rely on fresh money to roll further. and it's actually something that we already see. i mean a jag mcconnell off the business intelligence like punch. but he told me that between july and september of this year's started around the world, raised over 50 percent less air compared to the same period last year. and almost everybody i talked her here actually expects this trend in you on the freight. it seems that your sound has just dropped off there that said, a pity, ironic, considering that the tech conference and we're having issues with the tech right now. but thank you very much. yosh del car reporting from lisbon forest that i was even get more from you on that later. but now let's take a look at
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a reminder of the top business story that we're following for you. this, our, germany's chancellor is in china in an attempt to warm up the frosty trading relationship between the 2 countries. shots, notice that he and chinese lead a shipping ping are coming together at a time of great tension. he also pressed a china to exert its influence on russia in the name of peace. and just before we go, hundreds of drones lit up new york city skyline as a massive mo bile video game. candy crush, celebrated its 10th anniversary on thursday evening. as take a look, the 10 minute display of 500 light equipped, choreographed drones took over new york city skies as part of a new marketing ad that turned the sky into the largest planet largest screen on the planet. i should say. however, the drone show stirred controversy over its potential environmental effects, as it is threatening of course, birds and other wildlife king games. the parent company of candy, crushed, dismissed criticism and said it was in close collaboration with government agencies
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to follow protocols. and that's it. from me and the business team here in berlin, if you want more from us, you can of course, head over to d, w dot com slash business, or even r d w news, youtube channel, where you can find all of our business specials are also on facebook at d, w dot business until next time. take care. and thanks for oh, a
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