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on d w. because millennials engine beer, you belong to the 77 percent. because who i don't go to 65, follow us while those top 5 years, 3 reasons why 1115. we are here to help you make up your mind. all the topics. i'm much up to you from temple topics the new culture financial team. and let's say quote, the closer economic ties, that's what new chinese premier lead sean wants from germany. as he visits a year for the 1st time. big german companies are happy to oblige, but there's skepticism in berlin. also in our show, a new survey drops germany lower on the list of most competitive countries for

global investment. we'll take a look at why hello, welcome to the show. i'm saving beardsley in berlin. your chinese premier lee chung urged more economic ties between his country and germany at the start of his visit to europe. his 1st trip overseas and his new position. a tongue met with german chancellor old off sholtes in berlin, where he said the 2 nations had an obligation to work together on a continued economic recovery following the pen. demik set trunks. visits comes as major western economies, including germany, have actually sought to the risk from china or lower their trade ties to did you political concerns? china is germany's largest trade partner outside of the u. entrepreneur, unfair c, a g, a has been active on the chinese market for more than 20 years. his company, manufacturers, rubber and plastic parts like hoses for waste water plants and seals for solar system and 90 percent of all solar plans come from china. and half

of all wastewater treatment plants was wide uh, built in china. our products uh for biological waste water treatment, which means it's an important market for us so far. the family own company from honda over germany has its own factory in china, but giga says it's not dependent on business there. he admits this is not typical for other operators in the german industry. you know, and it was the fact that china is one of the largest markets in the world can be seen as a cause or as a blessing. german industry has develop it and very well in china over the last 20 years. and many dropped see in germany naturally depends in a certain way on china. but the question is, are in the alternative markets that come to them and china? the question applies to every entrepreneur at the moment. the concern within the business community is that china could attack tie one that would be

a red line for and today i see, i guess his company also does business in the us. so it's similarly dependent on american politics. if china were to attack you agree would have to make a decision we would probably try to scale down or activities in china to such an extent that we would not be affected by the american sanctions under the economy from done soon mister yeager wants to keep producing in china at the same time, he's trying to open up other markets in places like india and indonesia and spread his entrepreneurial risk as widely as possible. so smaller companies are reconsidering their ties with china. but what about larger ones as call good good from the q institute of the world economy where they're big german companies weren't actually increasing their dependence on china? absolutely yet. so i think it's probably fair to say that the larger the company,

the more difficult it is to, to make a move. um, you have companies like the auto mall by produces the, quite, quite important in china, but have established production facilities. they employed thousands of people, but of course for them it is very difficult to, to move somewhere on the one hand because china is an important market for them. one of the most important and growing markets for them. so you don't want to leave a market that's, that's doing well. on the other hand, us a set, they have production facilities there. they have built a buildings and i'm sampling lots of people. so it's very, very difficult for them to, to make a move. how concerned are these companies right now? give intentions are for example, with taiwan. we heard in that piece that there's a smaller companies saying if there are sanctions, we do a lot of business with america. that would be a problem. what about a few volkswagen? how problematic is that potentially,

or potentially it could be very problematic because if folks log, nothing selves about a quarter of their, their, their cars in china. and so that's a huge market. very, very important. of course, they also export from, from china. so the, so there builds a certain type of car there and export it. i'm having said that it seems to be that companies themselves, the large companies themselves don't necessarily see it as a very risky market at the moment we had a couple of weeks ago in germany, statements by ceo's of large companies saying that they are committed to the chinese market, it'd be as f, the, the company called multinational how's, of course so, so announced a large investments in china to build new facilities. so even though they, they, the risk is obviously there if something does go wrong, it seems that the, certainly the ceo's of the large companies don't really risk or don't really value

that risk or the company. the estimate that risk is being very high at the moment. what about this current german government, a coalition government? is it making it clear enough to those businesses what the potential risk is? so that's a good question i, i think these companies are very well aware of the risk. i'm not even sure that necessarily needs a government to tell them what's going on. i think they're very clued in and they have a very, very good management. so i think they're able to, to, to make these decisions. so yeah, i think the, the, the, the, the government itself, it's not really so clear what exactly the outlook test strategy towards china or is, is it, is it a competitor? is it a corporation partner? is it somewhere in between? is that extreme? i think even in the 3 parties in the government, it's not really clear um where they are on and therefore yeah,

certainly the government at the moment doesn't really provide a very good a route as to where we should go. and what about what people should think about china? all right, that's whole good at the kill institute for world economy. thank you so much. thank you very much. thanks. let's go now to some of the other global business stories making headlines. a judge has sentence south korea's former crypto king doke $1.00 and $1.00 associates of 4 months in prison and montenegro for attempting to travel with forced passports. one is also wanted by us and south korean prosecutors on fraud charges stemming from the $40000000000.00 collapse of his tara usb luna, crypto currencies, you know, faces extradition. air bus announced the biggest plane deal in aviation history at the paris air show with an order for $500.00 single out just from indian budget carrier, indigo, multi $1000000000.00 deal is the largest ever number of aircraft. the 8320 neo

planes will be delivered between 20302035 or whether it's grocery, sneakers, or smartphones shop lifting has increased significantly in germany and 2022 retailers suffered losses of 3700000000 euros as an uptake of 15 percent compared to the previous year, that's going to new retail figures from the research institute, e h i which countries are the most competitive in the world? well, the switzerland base international institute for management development or i m d says it has an answer. and this year it's denmark, ireland, and switzerland, in the top 3 there among the most visually advanced nations in the world. and according to i, m d, take the top spots, thanks largely to their business policies, infrastructure and education. germany, on the other hand, has fallen behind to the 20 to 22nd place from 15th last year of id checks. 15 see attractiveness indicators. participants points to the stability of durham and

politics. the countries skilled workforce and it's legal system as advantages. but europe's largest economy falls behind with the taxes and the participants widely regard. as to bureaucratic, the current government scores low for confidence and the general costs of business is seen as higher. alright, christmas cobblers is chief economist and head of operations at the i m. the world competitive competitiveness center, excuse me, which conducted that survey christmas. welcome to our show germany following 7 spots. give me the primary reason. uh, thank you for having a better southern reason said we've been seeing about essentially, and we've had a slow down of that to be growth rate, a mazda, which was lacking behind the evidence for all 3 of the western european countries. if inflation was very high, which meant that the cost of living increased,

and i think also the government, but that definitely has increased substantially in addition to the issues that you're setting the beginning of the segment about the book station or some of these issues shared across europe, at the moment we see them affecting perhaps ireland as well as germany, especially. we talk about inflation and i can't really say budget upset, but definitely we talk about rising prices. it'd be a but in, in some countries. and i think germany was one of them. these rising prices were more acute and affected much more both the cost of living, but also the sentiment of they'd be seen as well as you, as you say. what are the surprise he has? i'm sorry, please go ahead. i, i want to say that gemini has spent about couldn't rely up on being with some of

these issues. and we should not forget that. and as for instance, let's say we can bottom speak about 12 in the number of countries i've done many exports to the broad diversified portfolio of goods and services, ease of bottom on and for things for the gentleman who called them all check the phones very well in our ranking, in areas like hence the like the environment. and of course it has a very daring executive though where it's a renewable energy $26.00. i have to ask a ireland ranks number 2 in your survey, but we know it's been especially attractive to companies because of its low taxes. how much of a role does that play in your ranking? it's place, it may be closed, but it's not the one way street in a sense that that's revenues is that close for businesses or forwarding the drugs. but on the other hand, governments that get the tax revenue i'll provide,

provide services and the services are very, very much appreciate it by the people you said about island that has of a low at tax season. you are correct. but if you take as an example of a country that was rang at the highest position right now, then mark has a very high tax rates. so it is, it is the combination of the tax rates and the big service providing by country. and we'll have to leave it there. that's christmas carlos at the i in the world competitiveness center speaking on those new surveys, the ranking. thank you very much. thank you for having a all right, that's a 1st show check is online for more dot com slash business. thanks for watching the

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