i will speak to the president of the european chamber of commerce in china, also coming up maritime nations. agree on the goals of slash submissions from the shipping industry to net 0. by 2015. we lost our climate reports or how feasible bosses this is dw business on kate ferguson, and 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 risk. as a result, the law 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. meanwhile, 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 beijing are currently high as

countries seek to reduce their reliance on the chinese economy. earlier ice folks, he has escalated to president of the european chamber of commerce in china. i began by asking him how worried to foreign businesses are about this new anti espy national. them, i think we're not particularly voice and above the as i is the boss and no i. so i think it's important that the, the context of the vital development that you've seen in china or several years now . we have seen that security considerations secuity bit self reliance, consideration, beginning to saving, to more aspects of, of we 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 saved on the 1st of july. it is all of

this into a pattern of more. i'm a go 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 eh, it has the chinese self with biased with the full energy within a technology. and that's something that has a fairly direct impact on the business. so instead of focusing on this one for to go so i think it's more of the trip on the direction of travel, the boys that's to choose to come see the reasons seem to take a look at an option dr. pop in terms of opportunity considerations in china. now you've been 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 really a very different across the china was just getting ready to go into into the w t o

at a cost, turn it 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 in 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 charge economy in, in, in, in europe. what we have seen the after the google s ice across 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 being covered as ad 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 grant?

and i think it's very much this is of the industries where your cost is. uh, they must, a lot of that way. it's not a controversial, there'll be a lot of other industries where that where the address and then of course, crease or to is, is also for china and to pass make use of these disagreements. so i think the space very important that the, the european union that the member states that they develop its capacity to speak with a one was, i can understand also the child is august. the is a bit of frustration sometimes by visiting coming out of these. so at least from your perspective, standing in china would be very beneficial if we can make sure that whenever we engage x to which i don't know the confidence that, that the multiples heavy union, even if i was all right,

you have to ask who i'm president of the european chamber of commerce in china. thank you very much. and i to some of the other global business stories making news . and staying with china is foreign relations, us treasury secretary, john jaelyn says a d coupling of the us on time these economies would be quote, virtually impossible. she made the comments during a 4 day visit to the country intended to stabilize and increasingly tens relationship between washington and patient a twist or has reportedly threatening to sue massa off the launch off is wible short messaging platform. the new app threads attracted more than 30000000 users, and it's 1st day twitter owens by 11 mazda accused mess up run by mark soccer, bird of 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 300 on 6000 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 year as long regulatory overall office and tech company. the record find 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 of $18000.00 containers. a typical soul for the merry mask, it will be at sea for 6 weeks. transporting the goods from europe to over on and 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 compromised, everything else we need to do car. my shipping. in 2018. the u. n's international maritime organization puts in place targets to reduce carbon emissions by 50 percent by 2050 compared with 2008 levels. but delegates 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 had to good. we have good frameworks in place. shipping, firms are already investing in low comp and solutions like a mess or 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 at 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 than environments less spoken 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 no 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 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 com. 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 then 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 is 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. one story 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 d, w dot com slash business. we're on the dw news youtube channel as well, from me on the business team here in berlin. it's bye. take care the

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state of the news line from berlin. the u. s. is sent to announce cluster farms for ukraine. the pentagon is expected to include thousands of the controversial weapons and a new military. a package for the fight against russia rights groups are raising concerns . also coming up nato prepares for a.