spinning type of some protection and here's a quick reminder of the top story that we're following for you here on dw news, the u. s. coast guard says that a missing some of our civil with 5 people on board has less than 2 days oxygen. last, rescuers are widening their search for the many supper english last contact on sunday, on a mission to visit the wreckage of the titanic. and stay with us here in data units for the very latest on that in the meantime, we have business news for you to stick around if you can. i'm sarah kelly and roland, thanks the have someone else do the cd? hi, lots of selected for you. you every week in you a box, subscribe. now you'll see about the video that goes enable other data, media, amiga, blah, give a lot of data about. again,

i will stop into that and i'll give you a go on. would you be able to order that up? jo made any into our coverage any more people than ever on the news world wide in search of a better life to jump be able to use them in a decade t mess with the guns already already a few megs of appears and mid afternoon. does our pearson menissi school or is that i'm was moved to the gets expose, go to lunch when you find out about all the story info, migraines, reliable news, the language wherever they may be, the closer economic ties. that's what new chinese premier leech on wants from germany see visits a year for the 1st time. big german companies are happy to oblige, but there's skepticism invalid. also in our show, a new survey drops germany lower on the list of mosca,

additive 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 li chung urged a more economic ties between his country in germany at the start of his visit to europe. his 1st trip overseas and his new position. a tongue met with german chancellor old schultz in berlin, where he said the 2 nations had an obligation to work together on a continued economic recovery following the pen. demik chanc visit 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. 90 percent of all solar plants come from china and half

of all waste water treatment plants world wide. i've built in china, our products for biological waste water treatment, which means it's an important market for us. so far. the family own company from hanover, germany has its own factory in china, but yeager 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 a 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 the sea and germany naturally depends in a certain way on china, but the question is, are in the alternative markets that come to them in china? the question applies to every entrepreneur at the moment. a 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 ego 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. 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 cool, good. good from the kil, institute of the world economy where they're big german companies weren't actually increasing their dependence on china? yes, absolutely. yet. so i think it's probably fair to say that the larger the company,

the more difficult it is to, to make them move. um, you have companies like the auto mall by produces the quite, quite important in china. those 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. um, 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 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 is a smaller company saying if there are sanctions, we do a lot of business with america. that would be a problem. what about if you're volkswagen? how problematic is that potentially to potentially it could be very problematic

because if folks log, nothing sounds about a quarter of their, their, their cars in china. and so that's a huge market. very, very important. and of course they also export from, from china. so to, 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, and 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 there 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 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. 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 ford passports. one is also watered by us and south korean prosecutors on fraud charges stemming from the $40000000000.00 collapse of his, tara usd and luna. crypto currencies, you know, faces extradition. so the air boston else, the biggest plane deal and 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 buy number of aircraft. the 8320 neo

planes will be delivered between 20302035 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 r. 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. in 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 in 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 german

politics. the countries skilled workforce and it's legal system as advantages. but europe's largest economy falls behind with a tax system that participants widely regard as to bureaucratic. the current government scores low for confidence and the general cost of business is seen as higher. alright, christmas cobblers is chief economist and head of operations at the i m. the world competitive, competitive this sensor, excuse me, which conducted that survey christmas. welcome to our show germany following 7 spots. give me the primary reason. uh 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 breaks, a mazda, which was lacking behind the evidence for all 3 of the western european countries. inflation was very high,

which meant that the cost of living increased and i think also the government, but it definitely has increased substantially. in addition to the issues that you said in the beginning of the segment, the about the book station or some of these issue shared across europe. at the moment we see them affecting perhaps ireland as well as germany, especially when we talk about inflation. and i can't really say budget depths of, of definitely we talk about rising prices. indeed. but in some countries, 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 can rely upon being with some of these

issues. and we should not forget that. and as for instance, we can speak about tools in the number of countries that done money exports to the broad diversified portfolio of goods and services. ease of bottom on the import things for the gentleman who called them all checked the phones very well in our ranking, in areas like hence and like the environment. and of course, it has a very daring objective towards the renewable energy $26.00. i have to ask the ireland ranks number 2 and 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 it close for businesses or forwarding the drugs. but on the other hand, governments that get the tax revenue of provide and 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 provided by countries. and we'll have to leave it there. that's christmas carlos at the i in the world competitiveness center at speaking on those new surveys. the ranking. thank you very much. thank you for having. all right, that's a 1st show check is online for more w dot com slash business. thanks for watching the

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