a blue cross blue shield resolved quite after us. how speaker nancy pelosi visited taiwan in august bathing scrap it's agreements with washington on tackling climate change. but following mondays, meeting at the world's 2 biggest greenhouse gas emitters have re committed to cooperate. biden said, u. s. secretary of state antony blinked and will soon visit china vowing to avoid conflict and keep communication channels wide open. christie flies is that makes what he w. business news. i'll see you tomorrow. ah . will you become a criminal? ah franklin, a ready news with hackers? paralyzed between your societies,

computers that oh sure you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now on youtube. sometimes the base team shall write out at you out t v highlights fresh. you can read a book in free week. snuck him up. ah ah, a clash over taiwan, but cold war fears. cool. at the g. 20 in bali, u. s. president biden. and china's g jane ping warm to each other amid fears of a global recession. also on the show, climate killer coal is back in the spotlight after russia's war and ukraine

triggered an energy crisis. will take a look at what that means for the planet and investment and renewables. i'm christy plats, and this is d w business in berlin. u. s. president joe biden, and china judging ping met and bali to day to set what they called guard rails for future relations between the 2 superpowers. pensions between the world's 2 largest economies have grown in recent years. as beijing becomes more powerful and more assertive about replacing a global order led by the u. s. the leaders and gay in 3 hours of blood talks and came away with a commitment to fierce but fair competition. but for more in this, i'm joined by clifford can and he's our resident, china analyst clifford. what stood out to you about these talks? did we see these so called guard rails appearing? well, i think we thought we had guard rails. we had red lines in the run up, we had all these terms that were flying around and we talk candid talks,

and i think the big takeaway is the communication lines are back open. i think that's my key take away from the whole thing. i think the optics were very good. i think she jim ping was smiling. they shook hands, which we didn't even see last week when jobs are all actually visited. beijing, it was there was definitely a kind of a, a warmth there. so the optics were very positive. however, the fundamentals haven't changed. none of the things that are dividing the world to great super powers, economic super powers as well, have actually changed. they're still divided on key issues such as taiwan, human rights and change, young tech, trans fair and semiconductors. and the other main issues, dividing these, these huge economies. so still saying more the same there. i mean, talking about taiwan. specifically, for example, obviously a major chip producer for the world major electronics producer. we've seen more aggression from china when it comes to claiming that territory the u. s. also

saying no, hold on a 2nd. when it comes to that, did we see anything in the talks about taiwan? what more can you say? well, there was the 1600 word readout from the chinese foreign ministry on the talks. and taiwan was the absolute priority there that there is no, no change in taiwan, china seas, taiwan, part of its territory in viable and it, you know, that the u. s. needs to steer clear at the same time. this is an example of how geo politics feed into the economy, because this is the reason why the u. s. and china are strategic rivalries is because of these ideology differences. and these geopolitical differences feed into the economy because the u. s. doesn't want to help boost the chinese military by giving it micro chips that are produced either in the u. s. or through with allied taiwan. so it's imposed these restrictions. so taiwan is the central issue in these talks in, in macroeconomic terms, just as much as there is a geopolitical issue. now there's been increasing nervousness in the west about

dependencies on china. for example, with photovoltaics. the majority of those are produced in china. did we see dependencies as an issue that was discussed today? i think hanging over the hang over these talks. first of all is the threat of global recession. i think that's the reason that the talks took place. and one of the things driving the possibility of a global recession has been the problems with supply chains with the, the supply chains because of covered and then because of other tensions. i've faced a lot of difficulties as we've all seen over the last 3 years at this point. and so i think the dependencies is always a factor. and when the, when these 2 superpowers meet and they will have informed, every sort of decision along with, at the further complicating aspect to supply chains. which is, which is china support for tacit support, a best for russia's invasion of ukraine. and, you know, talk about supply chains. i also want to ask you a quick question about the 0 cobit policy. there's talk that china could be lifting

that soon. is that and then finally, getting into financial pressure. what do you think? yeah, i think the fact that everyone is worried about a global recession is, is forcing kind of decisions now from, from both, from both cheating, paying and, and also from biden. indeed, the fact you know, that we had the talks, but also yes, they're going to possibly start relaxing 0 cove. it measures which of hell the economy in stasis, basically with very little movement. there's also signs that china is going to start addressing the huge debt issues that it's facing the property market. so i think there are signs that both the world to the 2 world biggest economies are going to try and get the global economy moving again. electric current, thank you so much. all the markets also had their eye on the talks today. so for more of that, the 3 and teddy austria, new york teddy were investors also picking up on the warm vibe between biden and g . what we're seeing from the markets today?

well, the markets actually were pretty choppy today. wall street ending in the red. how much can we attribute to the talks between fight and and g? well, we definitely saw some chinese stock listed in the us. do some rallying due to the renewed communications between the 2 countries, but also because of the easing of coven restrictions which have over the past few years, really done some strain to the supply chains. done some damage here in the united states. so that is some good news, but really the fluctuations we are seeing today have to do with interpreting some of the unintelligible fed speak we heard from earlier today. there's lots of questions about the ease, the easing of the federal interest rate hikes. but there are more questions and answers at this moment. i was tell you teddy auster on wall street. thanks so much for that. well, on his way to the g. 20 german chancellor. all off schultz stopped in vietnam and singapore to gauge opportunities for german business. germany wants to reduce its

heavy dependents on, you guessed it, china and d, w. richard walker spoke to the team and theo, role on bush asking him whether germany needs to diversify its business partners. it depends on how you define, define it. if a diversification means during lesson china and instead of doing more business than others, i don't believe this is the right thing to do. i think it's doing additionally more in other countries. the point is that if you think about when you allocate own and euro of investment or for dollar investment and you added into an existing running machine on a big market, which is fast growing, the returns are faster than if you start in your, in your areas new markets. so, but we have to acknowledge that resilience is or has or for a price. so therefore it is both while investing now in new markets and diversifying. but on top, on top of what we're doing, china. so for me, this is of the strategy will seem interesting that you can continue investing in

china. we want to keep or even increase our market share there. there's nothing bad about it. taking the chances we have. but at the same time, looking into other markets with a stronger focus and grow our business there too. but there have been quite cautionary notes about china at this conference. i mean, the former australian prime minister, kevin, but just speaking earlier today, talking about china and moving to the marks is left on the economy and to the national is right in terms of security. and as she gym, paying, as we've just seen at the recent party congress, what does this mean for a company like siemens which has significant investments in china? young number one is um, as long as we take our make our return, we make a profit. tegler, chances are it, sir, it doesn't really change our strategy. and if there's something disruptive happening there, then we have to deal with that obviously. but until then, i don't, i don't believe it's a good idea to say pre cautiously i pull out of

a market which has used opportunities for us because you never know the same time. and what we do definitely is working or supply chains, which is another dimension. there are 2 dimensions of diversification. one is the market success and number one, supply chain. of course, we are diversifying our supply chain very much so, so that in case something happens, you have for an export control regulations that we have double sourcing and we can keybo operations running in other countries, of course. so therefore, i do believe that's the right strategy and term and we feel quite comfortable with that. i would subscribe were sort of description for of mr. rod yet you would agree with that. yeah. so, so, and you say in case something happens, i mean that, of course, the big sort of scenario that people are worried about is chinese aggression against taiwan. we have seen what russian again, aggression against ukraine has meant for the world economy, a company like siemens. what are you doing to prepare for a scenario like that?

you must be factoring that into riskless. yeah, i mean number one, as i said before, and we are analyzing our supply chains and see where, where is supply coming from. our deliveries between countries and hol, can be diversify, so that we have in case of double sa sick. so this is one thing we gonna do, and the other one is diversifying the markets, which we are working on, that another element. and the last point is that i'm a little bit more optimistic here. i hope that rational prevails at the end of the day. because there will be only loses. that was seaman cl, rural on bush with d, w. richard walker. the demand for coal is expected to hit record levels this year thanks to an energy crisis triggered by russia's warren ukraine. many countries, including germany, are falling back on the climate killer and south africa is profiting from the surprise demand. if they're on their way to a 12 hour shift in the mines here and implemented banga in the north east or south

africa. coal is a big part of life. nearly a 100000 people work in it, and it accounts for 80 percent of electricity production. but his future is uncertain as south africa tries to taco climate change. obama, i didn't know. it's sad because there are a lot of mines which employ many people. if a close, a lot of people would struggle the mines very important in our lives and also coal because we even make fire with it. so it is very useful. last year to helps of africa switch its power production from cold to renewables. you are promised at billions, but that has changed since the west sanctioned russian coal amid the war in ukraine . cold prices have sword and south african coal exports to europe have increased nearly eightfold since the war began. it's a dilemma. i think you can run it well. system own entity energy,

which will be his capacity was what we've seen is that megan composites with the model which should also with the reserves that us the live the comes the still a lot of reserves to me with the white outs. and then then we'll exist. south africa and fossil fuel companies are profiting from record cold prices and soaring demand. so for now, moving away from polluting energy sources is once again on the back burner. and that's, that's our show i'm christy plots number. lin, thanks for watching, hulu. well, how do you telecom to mentioned you come into the 21st century delane . we want to show it with the idea that electric spacious and i,

connie can deal with dana riff check. the long awaited id buys from v w reb. net thought d w. oh, we need clean energy. we predominantly use fossil fuels. as we cover the climate conference, we ask how a wind and solar power being utilized and just how sustainable all these green energies reeling to morrow today. in 60 minutes on d. w. o which matt, she's said, can i get the country?

i came up girl an increasing number of women and less in america. i'm guessing better. i need to stop monitoring and depressing a net fighting against the sexism violence and for access to abortion. pressure from the street has already proven successful. the opposition live on the rise. feds off with menchie's daughter november 25th on d. w. ah, which is a 1961 volt responsive 5 coach. what by james young. a. what special it's electric with

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