tv Business - News Deutsche Welle April 5, 2023 11:15pm-11:31pm CEST
11:15 pm
of the top stories were falling for you at this hour. the u. s. l speaker has defined warnings from china and welcome tie. once president to california meeting highlights growing american support for the self governing island to which beijing claims as its own. it's all for now, but stick with us, chris cobra has the dw business days after a short break and don't forget there's always more news on our website and is of course d, w dot com, me and the entire team here at our berlin newsroom. thanks. so much for your company today with a new tag to this visual hotspots in germany, you are assigned to load d w travel extremely. we're in a,
11:16 pm
a with ah, ah, a reset of relations amid war and growing tre, detentions french president, man, on the cross, starts his 3 day visit of china and says, europe needs to de risk, but must not this associate with the world's 2nd largest economy. also coming up 3 months, months after the law took effect in germany were take look at how difficult it is
11:17 pm
to ensure supplied chains, stay free of human rights violations. the chinese province of changing and a dip despite the drought, will take you to france, where the number of swimming pools keeps increasing, despite a severe water shortage. i'm chris kolber. welcome to the program. a 3 day visit, full of high expectations, french president, a man on the crown touch down in beijing on wednesday. for height of the talks with chinese officials in a meeting with chinese leader, cg ping on thursday. i on the agenda is rushes worn ukraine and what role china a longstanding ally of the kremlin, could do to end it. but mister macross said he will also try to re balance europe's economic ties with china while emphasizing that despite deteriorating relations between beijing and washington. the you must not this associate with china entre looking for bernice is good. we must not the naive act on our european union will
11:18 pm
taking the step of european sovereignty that i defended 5 years ago. is establishing trade defense instruments, stuff that are necessary for our credibility. but the, you must also be voluntarily committed to continuing to have a trade relationship with china. and so we must, in a way that de risk our economies never be fully dependent on another country or not . but we must not dis associate ourselves and separate ourselves in a logic that would suggest that ultimately we are meant to do nothing together anymore. there are right or more in a spring in the w, china analyst, your chin lea, a huge and the french president does not want europe to decouple from china. but once a reset of economic relations, how well i would say it's very unlikely for countries
11:19 pm
to really decouple from china, since as every one knows that china is the 2nd largest economy in the world. so the thing that you wrote in countries can probably do is to urge their business van to choose suppliers in other countries and probably move their production life out of china. just just like what apple is trying to do. and as i talked to the experts before, and they also suggest that it should be easier for a country like like europe to life start with some like medium and small sizes of companies rather than enterprises. and the government also do more incentive to like give business man the environment to do so. now this idea that mr. shaw has proposed there. how's that going down in beijing? well, beijing definitely has a confidence that he believes that these, these countries will not complete cut economics ties with china. so like macros
11:20 pm
visit to china is aging the, the competence and the opportunity to enhance those high, even more. and you know, like the, some officials in china already said that it is very well when you're welcome and expand more investment in friends. but the french government has to overcome, you know, why intervention from 3rd parties and also provide oh can they are transparent fish new market environment when actually friends, invest way more in china than the other way around. so no decoupling likely there at the same time, we see it growing tension between china and the west. it seems that more companies are adopting a china plus one strategy, meaning that they're setting up additional a british know production site outside of china. but within the region, where do they go these companies when they do that?
11:21 pm
the popular options now are india in south east asian countries, such as being the nissan malaysia and lied to be in them in the philippines. so we can see a lot of clothes and shoes are made in via them electronic devices in india and pilot. but one thing that should be mentioned is actually china's role in international supply chains would then be replaced overnight, which is supposed to be a slow process. w, usually, thank you very much. so europe must resist eroding trade with china. the french president says, but attitudes and priorities within some e u. countries and their governments have shifted the german supply chain act as a symbol of that shift in effect, since the beginning of the year. it forces german companies to keep their supply chains free of human rights violations. but how can this law be implemented? in regions where corrosion and oppression are common place? for example, in the chinese province of ginger b, approaching jin chang,
11:22 pm
the muslim majority province in the far west of china, we are on a sensitive research trip. journalists are not welcome in this region. the muslim wheelers and other minorities are being systematically oppressed here. satellite images of camps and secretly recorded videos suggests that at times one and a half 1000000 people were imprisoned we want to go to a camp in the north of the region, but we intercepted by the police at the airport. the officers take our personal details and photograph our passports. i have been here into ching on the border to cast on ebay kit or to buy was locked up in a camp 6 years ago. he was accused of downloading what's app onto his mobile phone . we meet him in london in the camp. he was forced to work sewing 11 hours
11:23 pm
a day. was that they gave us specific output targets. next to me was someone who was old and didn't work fast enough. as a punishment, he was chained to an eye on torture chair. he was given only a small piece of steam bread a day. he set there like that for 15 days. we're driving to that camp. the chinese government claims these camps no longer exist. at currently, guard saw already waiting for us on site. we are not allowed to stop. and filming is strictly forbidden because it's a military area. the man tells us like abigail or to buy tens of thousands of members of the week or, and cousin minorities are forced into labor by the chinese government. some of the goods they produce are then sold in germany. goods mate with forced labor destined for the german market is something german. lawmakers are trying to prevent with the
11:24 pm
so called supply chain act, which came to force on january 1st. companies are required to check all stages of the production for social and environmental standards including forced labor. but how can this be implemented in china, especially since the region is almost irreplaceable for the german energy transition. the world's largest solar panel, material manufacturers are based here. take jenko soul, our satellite images show to huge warehouses just a few 100 meters from the solar company. back in beijing, we're meeting a representative of german industry. he has little hope that the new law will enforce labor is skip can. there's no 100 percent certainty. companies can use some tools that are available. they can do audits, for example, and demand self disclosures and codes of conduct from their suppliers. but only where it's possible 5 and quoted, see if we get nowhere with our research. instead,
11:25 pm
we end up detained at a police station for asking too many questions. and now to some of the other global business stories making headlines. german factory orders, serge, very surprising. 4.8 percent in february, according to the federal statistics agency. it is the 3rd consecutive monthly increase, adding to find the europe's biggest economy is rebounding from the fall out of the ukraine war. leaving german economists are now optimistic for growth in the country this year, despite previous fears of an impending recession leading resear institutes of germany. and i expect your florist family to go by 0.3 percent this year. analysts say, predicted economic winter shock stemming from high energy prices, anticipation appears less severe than initially fear. francis total energy is announced an agreement with iraq on a $10000000000.00 project to have been delayed due to disagreements over the turns of the deal total. and as far as will recover, flare gas on oil feels to supply gas to power generation plants. the french and
11:26 pm
a giant will also build a one gigawatt solar power plant. u. v. s chiefs told shareholders that the swigs banks merging to take over of the league arrival credit suisse was a mass of challenge with many risks, but insisted it was still the right decision. switzerland's biggest bank is absorbing craig swiss in a hastily assembled deal amid recent turmoil in the banking sector. it is to france now where the summer's can be quite hot. so the number of more than 3000000 swimming pools in the country may not come as a surprise. what's more concerning is that this figure keeps increasing. even as growing water shortages and periods of drought are affecting the country. the picturesque french countryside dotted with red roofed homes and pools thought his lawyer. so it's still a dream. it's really
11:27 pm
a pleasure to spend time the garden in the pool to be able to enjoy the freshness we share. currently there over $3200000.00 individual swimming pools within france, but the pool industry here is booming in cup nor pav off in the south of the country pool manufacture. i lou p seen says orders have jumped 30 percent this year that despite a harsh environmental reality, france is in a state of alert. the country experienced at historic drought last summer followed by a winter that was its driest in more than 6 decades. some manufacturers say they take this into consideration different numbers than income for many years. we've been investing in the eco responsibility of our pools in the filtration systems. the close circuits to save water and to consume less energy on one's in nashville. but mayors of some municipalities don't believe that's enough and have bad feeling
11:28 pm
pools or building new ones altogether. box side rules limiting how much residents can water lawns or irrigate crops. and while scientists predict france will face another drought this summer, some homes may still have plenty of water. and is a reminder of the top of business story we are following for you at the sour french president at amman, alma strong is in china for a 3 day visit. he will meet with state and party leader. she's in pain on thursday . high on the agenda is rushes warn ukraine and what role china could play to ended . mr. mccall will also try to rebalance europe's trade ties with china. that's our show for now. for more check out our website at d. w dot com slash business. and of course the b, w. news, youtube channel. i'm chris colburn. berlin, thanks for watching. have a successful day. ah.
11:29 pm
can a, i support people with disability? it's helping you money, lot learn finger coordination and making the technology smarter at the same time. thanks to the data collected by artificial intelligence in i t project in india that combined physiotherapy with new job opportunities, global 3000. next on d, w. stopped paying for energy and started making it are these solar tiles, the future of energy? this high tech roof could power a single family home. the inventor behind this is convinced it will be a hit,
11:30 pm
11 Views
Uploaded by TV Archive on