to a prospect that caused an outcry over fears, it would give china too much influence on german. i'm sure a piano transport infrastructure. the current arrangement does not give costco any, say in management or strategic decisions. china kinds for around 30 percent of the goods coming in and as of the course of hamburg now they just mentioned this as a controversial deal pushed through in the end by german chancellor, all of charlotte who actually previously served as the mayor of hamburg earlier. i spoke to saskia, he passed senior lecturer at the university of leading the book. i author to explain why there was so much opposition to this deal. the former 1st may have handbook a note. chancellor shows intervened and unsettled the suggestion from 6 major parts of the administration. 6 ministries of institutions and his own government thought it was against participation. also made

a tiny state company to costco and acquiring a steak, being at a mistake in a part of hamburg harbor. we'd have to look at it from 2 different um diamonds is a, it is of course, from the side of chinese strategic investments. and the sees of sold off point to new a string of poll strategy because cast costco already owns the stakes and parts and ports in other parts of europe in the netherlands in spain and italy. so this would be the 1st major stake and investment in a german port. and of course germany is a very important the most important your pin trade partner to china not is so much needed context there with us. so this is a 24.9 percent stake,

and one of a number of terminals at the port of hamburg. how much strategic control does this actually give china a not much as far as we know, what we would have to take into account here is, uh, how professional the chinese state and companies tony stated, companies will continue to state. so any major international corporations being private allstate, or used to make a point in employing international for jaime professional experts into their companies, their mobile houses in, in, in china. and it will be, it will remind to be seen how the, how the, the professional performance of state and companies in china will continue as, as a follow up of the code which pandemic as a follow up of the property crisis in china and follow up off due to corona,

due to code a logistics breakdown, and of course, the breakdown and international shipping. the chinese, the state authorities had a window of opportunity to rain into companies to drill a lot of control and anticipate, afford chase, and to reduce the professional economic um performance in order to reconnect to, to, to get some national stage authorities more authority. so that is a crucial point in china's development history. so not has to leave the former development model in china has to reinvent test to invent a new economic model now with the to do the with the to circuit model. but that brings in more state of control, and that as a potential stretch to about free and future minded enter premiership,

not only in china, not only in europe, but, but on a global scale. and you can see more of my interview with soft guy here on the doping, use youtube channel. now, finance ministers from the dcf and group of wealthy nations are missing in japan for talks on issues ranging from support for ukraine to concerns over the face of the international banking system. overshadowing the talk tougher is the new minutes . the rest of the default in the united state lawmakers in the country are currently one thing to agree on a plan to raise the amount of money that governments can farro. if no deal can be reached by june 1st, the economic repercussions could be enormous. but what exactly is the debt ceiling and why does it monitor so much report on brand new tory explains of the, the debt ceiling is the maximum amount, the us government can borrow by issuing bonds. back in january,

the white house reached the current limit of $31.00 trillion dollars. the us treasury resorted to other extraordinary measures to ensure the government could meet its obligations if the ceiling is in raising time by the congress. the us risk defaulting on is that okay, you've seen the markets, wouldn't you? and the economy would slow down, hundreds of thousands of jobs could also be at risk as it would be hard to avoid the recession. it's congress is job to do this. if they fail to do it, we will have an economic and financial catastrophe. the will be of our own making, and there is no action that prison and fighting and us treasury can take to prevent that catastrophe. the debt ceiling has been raised 70 a time since 1960, usually with bipartisan support. still conflict on the topic between the white house and congress is nothing near. back in 2011,

president obama to make harsh concessions to republicans. they approve of deb ceiling res, only in exchange. and so i have no budget where i bought change, but as a result of that stall, the crate, a trading of the us was downgraded for the 1st time in the country's history. the apple's number one supplier fox calling has made a huge investment in india. and that's been seen as part of a drive to diversify. it's be a, it's business beyond china. the size in the tech hub of bang glue is equivalent in $5.00 to $50.00 manhattan city blocks and will bring tens of thousands of jobs to the area. the nights when it comes just a month after apple opened, it's for us stores in the country. india home to 1400000000 people have the 2nd highest number of smartphone users in the world, dr. china know,

earlier i spoke to our correspondents, our cards. okay. um i asked him what this investment means for india? well, it's a huge facility. it's uh, 1200000 square meters according to the london stock exchange finding that has been submitted by folks going to to, to, to, to mess of sites. now on the outskirts of banking, a rule which is known as india, as debt called within the southern states of could knock up the site isn't in the airport. and the stop fighting report also says that uh, uh, fox going to india subsidy has made about $37000000.00 for it. now, it is being understood that this site is above the construction also, factory that folks going ahead to announce that it will be setting up in the, in the state of canada. and which billing invite to a massive investment of about $700000000.00. so of this appears to be the site for that factory. uh uh, a battery reported to the, reportedly this effective and also have a have a lot of incoming potential about $100000.00 jobs. that being expected to be

generated from here to that was tara cars. kay? in delhi, now thailand is expected to welcome some 5000000 a chinese visitors this year off the appetite for travel returns following the lifting of ponds on mac restrictions. many of the visits will be simply for pleasure, but some will be motivated by business interest. for chinese, people with cash just bear thailand has become increasingly promising place to buy property called daniel beyond this excited his 7 year old mother and his real to look on as he shouts his reading over his rooftop pool. and the skyline of bangkok for the shanghai resident, this new place in thailand is not just pure luxury but presents in with so much more the tough part that you're good. yeah. that's are buying property in thailand . we definitely feel like there were some plus factors like we would be able to holiday here is more freedom and convenience here to deduct from the freedom to

enter and leave the country seem to travel back and forth. i see as well as the freedom of society and life. so for you the freedom is very important deal. so. busy and why money can buy freedom in china? it sure can here, but it's not cheap. that's a whole paso and i think it could be before the pandemic. most of chinese buyers block middle or lower level homes for investment, but it has changed a lot after the pin demick. most of the sudden you choose to buy luxury apartments and to live in the dollar and doing that's because buyers perspective has shifted for many, middle, or lower level homes. used to be an investment, creating rental income. now, many a wondering whether they want to live here themselves, it had an immediate impact on the market. oh, my going to instance i, the number of buyers has increased. there isn't a huge supply of good homes in the market that you want,

and then your future there might be an obvious growth in the high end real estate market. in fact, it has already been growing. we're already feeling the spike and do you mind for us to have projects with us? and to show me things i've been down thailand expects at least $5000000.00 chinese visitors this year, most of them towards staying for a few weeks. some, however, might not leave again. the speaking of property here in germany, a pair of construction workers has been overseeing the creation of europe. largest a 3 d print it home, guided by a computer program, a robot tile layer upon layer of cement, eventually forming a 55 meter long, 11 major wide, and 9 major high ad. with the construction time of just a 140 hours, experts say once prospected, the technology will make construction faster on cheaper. a promising prospect for anyone at the bottom of the housing matter. a potential solution to the country

skilled labor shores. that wraps up our show from where you can always check i t w dot com slash business. we're on the t v news youtube as well from me on the entire team here in berlin. it's good bye. take care the or the

clinic on rail train of hope for almost 30 years. this mobile hospital has travelled up and down south africa delivering medical care to rural areas that he did mom,

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mind. double you made for mines the the this is dw news live from balance. park installed the top judge called emerald cons arrest invalid. the countries supreme court says and detention of a former prime minister, which sparks nationwide civil unrest is not legal. also coming up for it and says it will send long range crews.