is above freezing for a quick dip in the no say a week out did you hear people dress up in costumes through dash into the water, which is also just a few degrees above freezing? as i mentioned, it is, it's described as traditional off as an invigorating thought to a new here. just a few degrees above freezing. having fun, that's all for now. robots has a lot more and still for you with dw business, they tube for them. i bent the sullen phoenix out with the question of questions about life, the universe and everything he knew the answer. well, then give it here for the to the answer to almost

everything our documentary series with lever, crazy and ground breaking with the after life. are we getting dumber and dumber? how can we feed everyone? questions for the present future? emp heads filled with ideas. so get ready for the brain update. 40 to the answer to almost everything starts january 15th on d, w. ah . back open for business. china ends 3 years of closed board, us with travelers entering and leaving the country. once more we'll look at what it means for add ports worldwide. and the global chips race would south

2023. could see semiconductors provide a major pass around arrival super powers. this is due to the business on robots in berlin. welcome to the program. china reopened it. stores international travelers have been leaving and arriving in the country for the 1st time. in almost 3 years. there were long queues today course as families rushed to reunite coming up seeing one another. since before the pandemic hit, the reopening is expected to provide a major piece to airlines and the global economy. however, or i was in china still need to provide proof of a negative cobit 19 test. as the chinese travelers landing in many european countries. as a discuss this further, let's cross to asian journalist andrea bait, andreas. good. have you on the program as ever. how big a deal is this reopening of china for the global aviation sector? it's supposed to be a very big deal because the missing puzzle piece so far to get back to normality

after the pandemic was really the opening up of china. and as recently as december, yeah, the global scale carrier organization just for cost only a very slow opening up of china, probably by the end of 2023. this is basically a very good news for the industry. however, we now really have to see how quickly the international, the global lines can benefit from this. as we just hearing now about all these new barriers going up was required tests and everything. so it's a question really how quickly this would show in demand to demand. this is actually one of the things that turned out to be a problem last year. it was a that demand more generally bode wide came back quicker than airlines and airports were prepared for will they be sufficiently prepared for the chinese travelers to once again be entering the market. but in general, the industry has bounced back quite nicely and quite rapidly after the pandemic, which was even surprising to most industry observers on the chinese side. that's

the good news. all the carriers in trying that would have been heavy enough making recently of course it was kind of a market when basically frozen on 222-1900 level, one of the 0 koby politics there. and the trying to carriers kept all the planes that kept most of the stuff that they should be prepared fairly well as opposed to the same with the airport there. and of course, in europe the truth industry and why this is really bracing, while it's expected chinese delude or travelers before covered the 155000000 a time you've been traveling abroad. this might be a bit slow down now because my chinese need no passport and that's a big problem. but chinese obtain these right now. you mentioned about the restrictions and i mentioned about them as well. the ones, a lot of chinese travelers are landing here in europe. i alter the global variation body and make quite clear was not a fan of these restrictions. how much of a down or is that going to put on the the benefits for the aviation sector?

yes is it remains to be seen. i mean, cause it's a bit of a unwanted thing to see. barriers go up. once again was the one that was all over basically of course it's, it's understandable measure of precaution from european side in the asia ada pacifically. just all the countries are open to trying to sort out any hospital. they probably would definitely go 1st to the asian, neighboring countries. but you have to keep in mind that europe was the biggest chinese long hall market before cobit so, it's supposed to be a very big interest and requested we may remain to be seen right now, is how quickly will the western carriers get up with their frequencies again to try to china and just to see how quickly european business travel and also tourism bond with back to china. of course, the 2 sided game and something and how to predict, right, know how long it will take before the president levels can be reached again,

thanks for joining us to look into the crystal ball for us anyway. andrea fate, their education journalist. thank you. let's take a look at some of the other global business stories that making the news. billionaire jack myers giving up control of china's largest fintech platform and crew which he founded. chinese regulators prevented the companies planned i p o 2 years ago and have since clamped down on china's booming private sector. and group says, no individual will have overall control and is of work as a class with police at a factory in central china where cove in rapid energy kits for g. g location data shows videos posted to social media were filmed at a factory in chunk. ching, online uses said the protest was over, wages and nail and goldman sachs says it will cause $3200.00 jobs more than a 3rd of course are likely in the lenders,

court trading and banking earlier us banking piers. morgan stanley and city group also cut thousands of jobs as they expected a weaker economy. this now is becoming a major battle ground for rival superpowers. the race is on to secure dominance of the world's supply of computer chips. a global shortage of semiconductors has shown how important they are to the global economy and the u. s. is determined to take control. oh, she is a co founder of 2 c $82.00. it's a small start up birth from the labs of the university of virginia and the u. s. they're developing cutting edge semiconductors, also called chips. the red box as og 3 the laser. the 2 are because of an inside this chamber. okay. environmental chamber, there is a very small chair. the cool thing is that everything here is at room temperature.

and now other than the chip to be don't need and it's a, she works with hussein's id, the c e o of q c o 2 side. he says, q c, 82 steps, maybe microscopic can have a big impact. that's because they'll be used for quantum computers. these computers can do things like simulate the movement of atoms and molecules. this can help lower the cost and speed of manufacturing drugs. but much of the work that hussein su ye and the rest of the to see the to t does is theoretical and it can be hard for a startup at so future focused to get funding in resource intensive initially time ah, money, labor intensive in the beginning but it also leads to much more scalable technology that has much more longevity. but their vision may be getting more support thanks to the chips and science act. it's a $280000000000.00 technology package designed to grow the chips and high tech

industry in the united states. the thing is, though, the act was signed into law in august of last year. funding has actually been drawn down yet, but it's still driving interest and investment in small semiconductor startups run out of research institutions, just like q c 80 to richard chillen works on funding for many young, high tech start up learners homeless. suddenly, we have companies whose odd technology is related to some nectar industry and suddenly they're finding a lot more investors wanting to talk with them. interested in about having conversations with them about funding their next round of technologies. the chips and science act was already been in $200000000000.00 worth of private investment to the industry back according to the u. s. semiconductor industry association semiconductor factories in syracuse, new york, and tell us, resting $20000000000.00 do the same in ohio, the q c,

$82.00 teen produce their 1st ship prototype without billions of dollars. it's an accomplishment that they're proud of. regardless of what might con, you're literally pushing you unknown a little bit further. it's like, of course we want to, you know, make the plumbing appeared and walk eventually. even if it doesn't happen as long as we push it to, we push a technology to what human being and possibly push it to if it does work to ye hussain and the rest of the q. c. 82 team want to take things even further. one day they hope to design their entire range of products from start to finish on us soil . that is, if the chips and science act delivers on its promise. well let's dig a bit deeper into the global ships, rice and speak to richard gordon, who is semiconductors and electronics laid out a consultancy. god now is great to have you on the program. richard. a semiconductors have become a major focus of competition between super bowl 7th day. now, why exactly is that though?

yeah, governments around the world have realised that semiconductors are critical to the global economy and are actually becoming a national security issue. so what's going on at the moment with the industry, my strategic point of view is that the a globalized nature of the industry is kind of unraveling. and it's being rebuilt along with tech, no nationalism lines. so each, each show power block if you like us, you can get it from our old china leader below the seneca industries on the market. a domestic or, or nationalized abuses. we're hearing how, you know, the u. s. is investing hundreds of billions of dollars in teary boosting its domestic semiconductor industry over the next few years or in his main global rival, these days is china of course, house china gonna respond to that sort of spending. oh yeah,

this is a probably the most critical or interesting thing in the industry, right? narrow is higher the the same doctor industry, investment and technology roadmap is going to play out. you know, up to now it's been, as i said before, really globalized, but the u. s is trying to, to regain technology leadership over china and trying to restrict technology into china. so china has a couple of things. it can do 1st of all, the short term. it can invest in legacy technology or where the u. s. is not restricting access. and longer term it can develop its own leading edge technology . that's a much bigger challenge that are some particular critical piece of equipment that china needs to, to have access to or to develop itself. and that's going to take a long time, you know, 101520 years to, to develop that, that domestic inability for china. so the task ahead for the u. s. in san jose, very different on the semiconductor shortage that we've seen as

a result of the current of ice pandemic is the reason why they've realized that it's so important to have, you know, a reliable supply of semiconductors, isn't it? is that semiconductor shortage? going to continue through 2023 weak nearing the end of it now. yeah, this gets to where we are the industry cycle and, and as you mentioned, you know, the last couple of years we've seen shortages. the, the standard industry grew very strongly in 2021 from a revenue perspective. this, this last year 2020 to that growth, to slowing down rapidly. the chip shortage is resolving. i wouldn't say it's completely resolved yet. are still a couple of chips that are slightly problematic from a lead time availability perspective, but it is resolving and the industry this year 2023 will actually decline and revenue terms. and that actually is quite interesting for a timing point of view. you know, we talk about all this money being thrown by industry, by governments, but the industry isn't ready to invest it yet in capacity because of where we are

in the cycle. so we'll probably see them back pedaling a bit or, or you know, being less aggressive on, on capacity additions until the industry kind of gets back into echo equilla bit equality and from a supply demand perspective. as we know, the global economy is getting into recession, diesel. that's having an effect on demand. yes. and then the money is coming by then make isn't necessarily ready for it just yet. well, richard gotten from gotten as be very interesting speaking to you. thank you very much. thank you. so from in the business team here in berlin from all had a with a d, v, d, w dot com slash with with people making it go africa. joined them as they set out to save the environment. learn from one another and to work together

for a better future. talk to you over to africa . next on d. w. a tina, a saxophone operator, who wrote her master's thesis on potato, raring to read a not a turn on. well, it gets more ridiculous from their d w that are true list under german mac street. ah ah, good hello and the one well come from nigeria, it's nice to have. 8 you with us in this new edition of echo offer.