also on the show, german chancellor or large salts returns from meeting us president joe biden. we look at what's been achieved by his visit and ukrainian refugees than at the ready to help with germany's labor shortage. but the bureaucracy isn't exactly making it easy for them. this is dw business, i'm janelle demila on falcon. the national people's congress is underway in beijing headlining the meeting. china's official economic growth target aging has set a goal of around 5 percent for 2023. that's as the government seeks to jumpstart the world's 2nd largest economy. after restrictive anti cove measures took a toll on growth, the 5 percent figure is however, considered conservative by analysts. china is faced with a growing array of challenges including sluggish consumption. rising unemployment,

a historic downturn in real estates in real estate and increasing tensions. we're the west over technology sanctions. now taking a closer look at that last aspect. china is locked in a race where the west for a technological dominance. the country was already struggling with the lack of advanced chips and the machines needed to build them, and it's valid to use all the resources at the state's disposal. now it's behind in the software raised to as artificial intelligence software like g p t and bard begin to spread across the world. chinese search giant by to says it's almost ready to launch. it's a i bought called ernie as soon as this month. but its worth noting, however, that the head of bye do and his fellow internet executives from the likes of 10 son and others appeared to be absent at the national people's congress in

b jing where thus now is south get heber a lecturer focusing on asian pacific politics at the academy for civil education here in germany, south. welcome. can you tell us what those are? the absence of china's internet tack tightens at the end p. c. what does that actually mean? thank you for the invitation. that is a clear signal that the chinese communist party effectively regulates and controls the internet and digital technological companies. and of course, china's tech, billionaires like the founders and owners of and group and pension. china, of course, as we said earlier, is aiming for around 5 percent growth of for this year. now, what role do you think the tech sector will have in being for china to achieve that target? that was difficult for the last years 2022 gross target has been has not been

met. that had even been beyond 5 percent reduced to one of the worst results in the last 30 years between 2 and officially 3 percent. that's a big problem. according to even official chinese data, there is a lot of unemployment in china, and people lost their jobs during the coven restrictions. and the results for the corporate restrictions for the chinese economy, the domestic sphere of the economy and the international regional sphere of the economy can't be evaluated until now it's, it's too early, unfortunately. so the damage done, due to cove, its restrictions in china is yet to be evaluated. plus, we have to take into account the political fallout of coven restrictions. they are rumors that cheating, being himself was against lifting cove restrictions right now. turning to

washington efforts there to restrict you worse investments in part of the chinese economy are ongoing. what effect do you think these efforts will have that have to be a massive, massive effect? because of what we learned from the work report, the outgoing premier, you could just gave to the national people's congress, is that china seeks to step up to support international investment and domestic private spending, domestic private investment in china. so there are signals, there are signs that china is desperate for foreign capital for money and to come back to china clause. so not is trying to give up that isolation policy that we witnessed in the last 2 to 3 years. and china is very dependent on imports international trade, so china will have to think about re regulating international financial.

great. thank you very much. sutka heber electra focus on asian pacific politics at the academy for civil education. thank you for your time today. thank you. now to some of the other global business stories and making news man 10, the daughter of the while way founder is set to lead the chinese tech giant from april. first, the move constrain us final relations magnate headlines in 2018 when she was arrested in canada at washington. he has on accusation of bank fraud in violation of us sanctions against iran. the european central bank may continue raising rates beyond this month says its president. christy regard 0.5 percent higher is expected on march 16, but experts have been further divided over further decisions rather. so legard supposed recent statement may provide some clarity about e. c, b policy. german chancellor,

all optional to us president joe biden held talks friday in which they praise trans atlantic unity and valid to keep up their support for ukraine. but while the 2 leaders put up a united front shult visit comes at a time where the e u and the u. s. have been at odds over washington signature legislation package, the inflation reduction, which the u says will hurt european firms and the us we work lock step to supply. android air is the north america trade adviser for the german machinery and equipment manufacturers association. welcome andrew economic ties of course, key to the u. s. germany relationship. how do your members view the inflation reduction act? hi, good morning. our members, overall u. v. inflation reduction act as an opportunity. so the united states is our largest export market. it is our largest investment location. and our members

overwhelmingly are the so called hidden champions of german and european industry. so these are companies with one 102200 employees who are predominately exporting 2020, excuse me. 20. 22 was our largest year for export numbers in history broke all records . and we expect that to continue in 2023. the inflation reduction act will unlock it enormous amount of new investment and of course green energy and also manufacturing for green energy components. so despite some of the, let's call them industrial, political pain points, we view the inflation reduction act overall as an opportunity for us. well, that's kind of at odds for the you position, isn't it? you commissioner, earth left under line, of course, also heading to dc soon to meet joe biden. the i or a is on the table and how it affects the you. how do you view those discussions

well, so i think you have to look at the inflation reduction act. we're in german industry and machinery and equipment sector. have to look at in 2 different ways. you have a sort of business opportunity for our companies. on one hand, and then you have the political discussions, which on the other hand, so short term for our and i think short, medium term for our companies. of course we, we hope that our european partners are in a position to put forward some of our trade policy concerns. you know, some of those include the requirement that all companies are contractors and sub contractors on a power station project have to hire an american apprentice. that is something that is actually not usable for european companies that are, that don't have a subsidiary of united states. so that is one issue that we are currently working

on with the american administration and also with our european partners. and i think another issue and i think another issue that is sort of really important for european politicians to ask washington for is to hurry up with implementation. i mean, there are iraq. washington has to hurry up. thank you very much. andrew air in north america trade adviser for the german machinery and equipment manufacturers association. thanks so much for your time. there's long been a shortage of skilled workers in germany, especially in the field of medicine. some recently arrived refugees from ukraine have experience working as doctors, nurses or orderlies back in their home country skills. they'd be happy to transfer to germany, but it's a difficult process requiring most foreign medical workers to go through retraining . catarina berlin duke had to leave everything behind in ukraine,

her family friends, and her job. she's a dental assistant and doesn't have much experience on hospital wards, but she's getting a helping hand at the vile heim hospital in bavaria. veto shawna is also from ukraine, but has been here for over 2 years and is showing her new colleague the ropes that a wonderful job. i try hard. i tried to do everything well, just as i learned in ukraine, full garage door this even if it's all a more complicated, sometimes i try to make the best of it all over the worst or no, it was more logical. tilo road love is responsible for organization and administration on the nursing ward. he says he's surprised at how quickly the new employees find their way around in germany competency yet, so they're already competent for you have to recognize the nurses field of work in germany as different from that in ukraine, for example, or in serbia and germany. the focus of nursing is on basic care. i. e,

caring for the body, giving food, monitoring medication, more so than in other countries such as ukraine. nurses don't watch patients, they're there. it's purely about medical care. the ukrainians, as far as medical care is concerned, are actually superior to german nurses. the biggest challenge for them is not the work itself, but the language. after all, they have to know medical terminology and be able to read and understand drug labels. that's why they have 2 hours of intensive german lessons every day, but they learn most of the language on the ward with the help of their team. wrong . rita chona knows exactly how it feels for the newcomers. she too had to start all over again. now 2 years after leaving ukraine, she's a registered nurse and she's happy training. her new colleagues he says, i have with all my heart,

my soul because these are my people from my home country. i have to help with their also regular meetings with the hospitals, integration officer. she answers questions and helps where she can. for example, with red tape and german lessons. for some refugees from ukraine, germany may become their new permanent home. that's our show for more checkout d, w dot com slash business, and that either way, news youtube channel. thank you so much for watching with with

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a dream i've always had. i've always wanted to see the us from above. destiny for space starts more changed on d w ah ah ah, this is dw news, the why are from berlin. millions are still suffering one month after devastating earthquakes in turkey and syria. we report from near if live in north western, syria where thousands are too traumatized and afraid to return to the damaged buildings that wants their hopes. also coming up on.