sink the coast to might, authorities on the spreading territory side. this is migration. might be the biggest in years. with some 65000000 craps. scuffling they way to the seaside. you're watching t w. news from berlin. business news is up next after a short break with christy pads, and stay tuned for that. and i'll have another bulletin for you in 45 minutes. stay with me. it's just a thought. see what grade he will be with

to patch a mentoring and depressing women in latin america right. november 25th on d. w. ah, a clash over taiwan, but cold war fears. cool. at the d. 20 in bali, u. s. president biden, and china. jean ping warm to each other, a mid 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. we'll take a look at what that means for the planets and investment in renewables. i'm christy

plants and this is d. w. a business in berlin. u. s. president joe biden and china judging ping met and bali today to set what they called guard rails for future relations between the 2 superpowers. tension between the world's 2 largest economies have grown and recent years, as beijing becomes more, are full and more assertive about replacing a global order led by the u. s. the leaders engaged in 3 hours of blood talks and came away with a commitment to fierce. but fair competition, but for more on this i'm joined by clifford can and he's a 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 takeaways 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 chance are all shots 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 worlds 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 talk about taiwan? what more can you say? well, there was the 1600 word readout from the chinese foreign ministry. on the talks on

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 ideological 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 a central issue in these talks 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 and 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, there's 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 supply chain because of covered and then because of other tensions, have 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 at best, for russia's invasion of ukraine. yeah, talk about supply chains. i also want to ask you a quick question about the 0 kobe policy. there's talk that china could be lifting that soon, is that and then finally, getting into financial pressure. what do you think? you know, 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 have the talks, but also yes, they're going to possibly start relaxing 0 cov measures. which of hell, the economy in stasis, basically with very little movement, is 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's to the 2 world biggest economies are going to try and get the global economy moving again, traffic can and thank you so much while the markets also had their eye on the talk today. so for more of that, the 3 and teddy austria, new york teddy, we're investors also picking up on the warm vibe between biden and g. what we're seeing from the market today. well, the markets actually were pretty choppy today. wall street ending in the red. how much can we attribute to the talks between fighting 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 siemens theo, roland bush, asking him whether germany needs to diversify its business partners. it depends on

how you define, define it. if a diversified cation means doing less than china, instead of doing more business and 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 will think about when you allocate an euro of investment or a dollar investment and you added into an existing running machine on a big market, which is fast growing returns are faster than if you start in new in new areas. new markets. so, but we have to acknowledge that resilience is of half of price. so therefore it is worthwhile 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 of semen. just doing that, you can continue investing in china. we want to keep or even increase on market share there. there's nothing bad about it. taking the chances we have. but at the same time, looking to other markets with a stronger focus and grow our business there to with having quite cautionary notes

about china at this conference. i mean, the former australian prime minister, kevin, but just speaking earlier today, talking about china moving to the marks is left on the economy and to the national is right in terms of security under the gym, paying as we've just seen at the recent party congress. what does this mean for a company like siemens which has significant investment in china? young number one is um, as long as we take our make our return, we make a profit to go. the 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 as use 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 accessing the lowest supply chain. of course, we are diversifying our supply chain very much so, so that in case something happens, yeah, 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, and we feel quite comfortable with that. i would subscribe. we're sort of the scription to 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 risk planning? yeah, i mean number one, as i said before, via 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, or 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 would be only loses that were semen. cl roll on bush with dw richard walker. the demand for coal is expected to hit record levels this year thanks to an energy crisis triggered by russia's war and 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 of africa tries to taco climate change. oh boy, i should, i did it. it's sad because there are a lot of minds which employ many people. if they closed, a lot of people would struggle the mind, the very important in our lives and also coal because we even make fire with it. it is very useful. last year to help south 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 also own m a g which will in his compost was, wasn't seen as the megan come home with them. wonderful. should also with the reserves that us to live, the, comes this in a lot of his to me,

of is the white out. and then then going to 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. that's our show, i'm christy. platinum. berlin. thanks for watching hulu. ah, ah. destination. your china's spell to monroe to coach and leaders of the gigantic venture promise new partners. the loss of growth . we visit 3 cities, which are already part of the silk road initiative and where the feeling of dependence is growing. up. next on

d w. fan lynn march 2017 site of crime, a museum. 3 men climb the train tracks to the border. lizzie, and they enter through an unsecured window and steal the largest gold coin in the world. a spectacular crime. and only one of many museum a crime scene in 45 minutes on d. w. o. where the kids to go beyond be obvious. i as we take on the world, i do all this. yes. we're all about the stories that matter to you.

whatever it takes. 5 policeman a deal we are here is actually on fire made for mines. ah ah, every day masses of cargo containers arrive in europe, a growing number come from china is what vital for both sides is that trade continues in both directions. china has a gigantic plan for a global network of ports roads.