or it has over plans to raise the government to death limits. there's no deal is done in the country risks at the business. do you have any business? i'm paid for. excellent, thanks for joining me. chinese stays owned company. costco has got the green light to acquire just under a quarter of a steak and a container terminal at germany's biggest port of hamburg. the decision comes after months of arguments within germany's coalition government. costco had originally for a 35 percent stake, a prospect that caused an outcry over fears. it would give china too much influence on german until repeating 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 was a controversial deal pushed through in the end by german chancellor, all of shots who actually previously served as the mayor of hamburg earlier. i

spoke to soft you a. 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 of hamburg amount chancellor shows intervened and unsettled the suggestion from 6 major parts of the administration. 6 ministries and institutions and his own government thought it was against a participation. also made a tiny state company to costco and acquiring a steak, being at them on the stake in a part of hamburg harbor. we'd have to look at it from 2 different um dimensions. a . it is, of course, from the side of chinese strategic investments and the seas of sold off point to new a string of pull strategy because task cost codes 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 court. 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 dose is actually give china. it's not much as far as we know, what we would have to take into account here is a health professional. the chinese state and companies chinese state 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 that most of 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 will follow up off due to corona, due to code a logistics breakdown. and of course, the breakdown and international shipping. the chinese state authorities had a window of opportunity to rain into companies to draw a lot of control and interstate authorities 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 it brings in more state of control, and that as a potential stretch to out free and future minded entrepreneurship. not only in china, not only in europe but, but um on a global scale. and you can see more of my interview with soft code 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 to offer is the limits rest of the debt default in the united states. lawmakers in the country are

currently wrong. cling to agree on a plan to raise the amount of money the government to confirm. if no deal can be reached by june. first, 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 father extraordinary measures to ensure that governments 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 issue, 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. but that feeling 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 set to make harsh concessions to republicans. they approve of deb ceiling res only in exchange. so i have no budget where i bought change, but as a result of that store, credit trading of the us was downgraded for the 1st time in the country's history. the apples number one, supplier fox con, 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 and 50 blocks and will bring tens of thousands of jobs to the area. the 9th, 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 after china know earlier i spoke to our correspondents, our records. 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 uh, the stop lightning report also says that, uh, uh, fox guns,

a 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 will in invite a massive investment of about $700000000.00. so of this appears to be the site for that factory of offended, reported to the, reportedly this effective and also have a lot of incoming potential about $100000.00 jobs. that being expected to be generated from. yeah, katie, that was tara cars. kay? in delhi. now thailand is expected to welcome some 5000000 of chinese visitors this year off the appetite for travel returns following the lifting of public restrictions. many of the visits will be simply for pleasure, but some will be motivated by business interests for chinese people with cash. just their thailand has become an increasingly promising place to buy property called

daniel pianos 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 what's so much more. the type of holiday you're good. yeah. that's are buying property in thailand. we definitely feel like there are 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 way of freedom is very important to us. and why money can't buy freedom in china. it sure can here, but it's not cheap. that's a whole class. and i think it could be before the pandemic, most of chinese buyers bought 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 to live in the dollar and doing, and that's because buyers perspective has shifted so 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 into instance, the number of buyers has increased. there isn't a huge supply of good homes in the market that you want in the near 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 done thailand to expect 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 meter high edit. with a 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 for more you can always check i d, 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

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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, the dw asian financial crisis. at the end of the ninety's, the global economy was on the verge of collapse. the same danger loomed 10 years later. why does the global economy remain such a powder to international experts are looking for answer the asian financial

crisis. and it's asked for man a $75.00 w. what our sports, all of our meaning when we say they're about never giving up the most exciting sport stories about people, their passions and their drive boards life every weekend on d. w. when i heard the verdict, what i felt was deepest sorrow for the state of the judiciary and the judges. in my country. the turkish human rights activist osmond color has been in solitary confinement for over a year charged with an attempted coup. he was sentenced to life in prison.

the horsemen come out of a voice from prison. starts may 12th on d, w. the business dw news live from valid park stones top cause top judge raw that calls him run cons arrest invalid. the country supreme court says the detention of a form of prize and a prime minister, which sparks nationwide civil unrest is not legal. also coming on, britain says it is supplying long right.