and a quick reminder, the top story we're following for you today. the vitamin ministration is expected to announce a new military 8 pockets for ukraine, including controversial cluster bombs. human rights groups are raising concerns over the weapons, which can kill and maim indiscriminately you're up to date coming up next as business with kate fergus, i'm. she'll have more on a new chinese espionage laws that could impact foreign companies. i'm really thank you so much for your company. figure out the what secrets lie behind these discovered new adventures in 360 degrees and explore fascinating world heritage sites. dw world heritage 360.

yeah, no. it's all just practice or is that the nation place in brooklyn with a wing 7 months before russia attacked your crane? a film team, documents, daily life, the town our, the people live fruit gloves dealing with the growing tension. they change their world currently go in and be insight starts july 8th on dw, the china introduces an anti espionage load. that broadens the definition of national security to intrude anything from the business documents to social media posts. the new rules come us to be, you and others seek to reduce their economic dependence on aging. will stick to the presence of the european chamber of call, of course, in china,

also coming up maritime nations agree on a goal. the flashlight makes from the shipping industry to net 0 by 2015. we lost our climate reports or how feasible vast this is. this is dw business on kate ferguson. thanks for joining me. just days ago, a new on the espionage low went into effect in china. feuding fears that foreign businesses in the country could face legal risks as a result. below expands the government's definition of espionage to cover accessing any documents related to national security. this could include university research, multinational business dealings, or even social media chests. mean while in a separate development, china postponed a trip by the use foreign policy chief joseph burrell, scheduled for next week, without giving a reason. tensions between western powers and aging are currently high as countries seek to reduce their reliance on the chinese economy. earlier ice

folks, he has escalated presence of the european chamber of commerce in china. i began by asking him how worried to foreign businesses are by this new anti espy national. them? i think we're not particularly worried about the anti is the boss and no i. so i think it's important that the, the context of the vital development stuff you've seen in china or several years now. we have seen that security considerations secuity bit self reliance consideration obligated to saving from all aspects of the, of the cannot make life. and i think that is probably the, the primary concern for us and we're not, and we have specific instances where companies have had issues with the anti is in us know, itself is also ready to do. it only took effect on the 1st of july. it is all fish into a pattern or a goal,

the same size of the economy that are coming within the purview of a security. i can see races you're seeing now for several years. this drive towards it has the chinese so for that as well as the full energy within a technology, that's something that has a fairly direct impact on the business. so instead of focusing on this, wanting to go, so i think it's more of the trip. i did, the original travel, the boys us, the secuity come see the reasons seem to take and don't go as an option, dr. pop. and in terms of opportunity considerations in china, they use the living and working in china for 25 years. would you say there is more or less of a level playing field now, then there was when you 1st arrived it's, it's a good question because 25 years a go to it was really a very different than the cost of the child that was just getting ready to enter

into the w t. o. at a cost china's into incidence into the w t. o was the very big instance of i bought an opening in china and what photos and from china's accession to w 2 in the 2001 and also the global financial crisis. 2008 was really the go go from the age of globalization. and also, and your team participation dot com, you obviously as a patient by the chinese academy in, in, in, in you a, what we have seen the after the google s ice process is a c that then it has in particular, or the past decade, progressively, in certain areas to come and do bit more difficult for you open carpet is add to participate. and there's a lot of criticism that the you does not speak with a unified voice. and it's dealings with china. how does that affect business on the grand and i think it tips tips very much.

this is a b industries where your cost is uh, they must a lot. it was not a controversial though. be a lot of other industries where that where the other screen and then of course, crease or to is, is also from china and to pass make use of these a disagreement. so i think it's a very important that the, the union that the member states that they develop its capacity to speak with a one was, i don't understand. also the chinese side is a bit of frustration sometimes by the beast visiting, coming out of namespace. so at least from your perspective, saving in china would be very beneficial if we can make sure that whenever we engage x to with china and all the confidence that that be multiple as heavy as you do if i was or i can't ask who i'm president of the european chamber of commerce in

china. thank you very much. i to night to some of the other trouble business stories making news. and staying with china is foreign relations us treasury secretary, john jaelyn says a d coupling of the us on chinese economies would be quote, virtually impossible. she made the comments during a 4 day visit to the country intended to stabilize on increasingly tens relationship between washington and beijing. twist or has reportedly threatened to sue massa off the launch of its bible short messaging platform. the new up threats attracted more than 30000000 users, and its 1st day twitter owens by 11 mazda accused mess up run by mark sucker burke of on low fleet using its trade secrets by hiring former employees in the united states hiring appears to be slowing down with fewer new jobs, unexpected creation in june. the world's biggest economy out of 209 size and job

last month died from 306000 in may. the vickers may come as welcome used to the federal reserve, which recently pulse is aggressive interest rates, high come pay. chinese authorities are expected to impose a more than $1000000000.00 fine on ons group marketing the end of a years long regulatory overall office and tech company. the record fine comes from it, a wave of bruising crocodiles on 5 as enterprise. now, maritime nations around the world have agreed to reduce emissions from the shipping industry to net 0 by around 2050 the vague deadline. and i said, amazing of the us international maritime organization in london. apparently aims to take into account differences in national circumstances. the shipping industry comments the kinds for around a 3 percent of global greenhouse gas emissions. putting companies under increasing pressure to switch to green or fuels. the 18000 containers. a typical soul

for the merry mask, it will be at sea for 6 weeks. transporting the goods from europe to ozone in south korea. like most of the global contain a fleet, the ship is powered by fossil fuels. the industry emits around 3 percent of global greenhouse gas emissions and the set to rise. approximately $11000000.00 tons of goods are shipped every year. a figure estimated to triple by 2050 shipping is an integral part of global supply chains. and so if were to be carbonized, everything else we need to do. carmen shipping in 2018. the u. n. international maritime organization puts in place targets to reduce carbon emissions by 50 percent by 2050 compared with 2008 levels, but delicate this week of the meeting in london to come to a new, more ambitious agreement. you know, it's possible and,

and it's going to be far easier and far less costly. if we have to good, we have good frameworks in place. shipping, firms are already investing in low carbon solutions like a mess, the know a climate neutral fuel. but it will be a long journey ahead to bring the sector in line with international climate goals to, to speak more about this that spring and dw climate reports are louise osborne. believe not 0 by around 2050. it'll sounds a little bit vague. how big of a deal is disagreement actually? so yeah, it's a lot more vague. then environment's less hoping for. they wanted to see emissions caught by 45 percent by 2030 and for hod net 0 deadline by 2050. obviously they were disappointed this deadline or this target that's now put in place is a lot more flexible, is also known binding. so that's little penalty for,

for countries that don't meet that. and it's leading to, uh well, it basically means that it's not in the direction that they wanted to to be going in and saying that it is a step forward 2050 as a net. so that 0 deadline, even if it's around that point, it's still better than what they have before, which was a 50 percent reduction by 2050. so the secretary general of the i m o has said that this is a starting point and that they can i intensify that later on in the is the come. okay, so based upon which to work now, we heard mentioned in that report of carbon, low carbon, carbon neutral fuels. maybe you could tell us a little bit more about the process of the carpet ising, the shipping industry. how does that actually work? so they're looking at a number of pathways. one is a fuels like a mess, and all of that would need to be produced using a renewable energy for the electricity producing it. so that is one direction and

companies like mask are investing in the moment. and then there is also hydrogen, which is another possibility. a lot of industries are focusing on hydrogen as a way to, to move to cleaner energy, especially because we are the byproduct of using hydrogen as water. the problem with that is that it needs a lot of infrastructure to be put in place and also liquid hydrogen needs be kept up minus $253.00 degrees celsius, which obviously leads to a lot of problems. ok. so it's usually a difficult challenge and i'm thinking it's not just shipping that is trying to be carbon as a whole. lot of other industries are as well. so the demand for these cleaner fuels must be enormous, is the capacity there. the, the on to that is not like the, the renewable energy required as last to make these a fuels and because of a solutions that we're talking about. and there isn't the capacity for that at the moment. the b, they will be looking at what, sorry, this is also making

a fuels more expensive. once the, for example, set the operating costs of a ship would be increased by 40 to 60 percent by using these e fuels at the moment. just because the quantity is not there. i think that there is a lot of pressure on companies at the moment to produce our carbon emissions. and they are then putting that pressure on shipping companies, 80 percent of what we can see and comes via ship. so it's a big factor and very important. and they also need to look at the colonizing the supply chain through government and penalties and policies as well. so. okay, so a huge amount of work to be done that louise osborne, thank you so much. and that brings us to the end of today. so for more you can always check i t, w dot com slash business. we're on the dw, use youtube channel as well, from me on the business team here in berlin. it's by take the

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