as well as the rest of us, humans witnessed the beginning of a brand new era the same way. and with that you're up to date. but to say to you on for business with my colleague kid ferguson, that's up next. don't forget, you can always get more news on our website, w, w dot com and to find boss on social media as well. i handle this for twitter and instagram is actually doc union number such as well. thank you so much for being with us. the have someone else do the cd highlights of selected for you. you every week? a new a box subscribe. now. hello guys. this is the 77 percent. the platform for the issues and share ideas,

the you know, or the side that will be a north of bridge attacks and they look at the top of the applicants population is really fast. the young people clearly have the solutions. the future is 77 percent. every weekend on dw, the china introduces an anti espionage load. that broadens the definition of national security to include anything from the business documents to social media posts. the new rules come up to you and others seek to reduce their economic dependence on aging. will stick to the presence of the european chamber of commerce in china.

also coming up maritime nations agree on a goal to flash the admissions from the shipping industry to net 0 by 2015, lost our climate reports or how feasible losses this is due to the business on kate ferguson. and thanks for joining me. just days ago, a new on the espionage low went into effect in china, shooting 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 aging 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 espionage law. and i think we're not particularly boards 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 stuff you've seen in china or several years now. we have seen that security considerations, security bid, 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. that is all of

fish into a parent, a home, a goal at st. jo's of the economy that are coming within the purview of a security, i can see races you're seeing now. so you is this drive towards it, hazy times self reliance with us for energy within a technology. 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 a trip like the direction of 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 ago child was really a very different across in china. was just getting ready to go into 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 it opening in china and what the photos and from china's accession to w 2 in the 2001 and also the global financial crisis in 2008 was really to 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 europe. what we have seen the after the google interface across is a see that, that 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 the 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 customers, they must live that way. it's not a controversial, there'll 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, 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 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 a night to some of the other double business stories making news and staying with china's foreign relations. us treasury secretary, john jaelyn, says a d coupling of the u. s. on chinese 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 paging. twist or has reportedly present assume mass off the launch off is viable short messaging platform. the new up threats attracted more than 30000000 users, and it's 1st day. twitter owens by 11 mazda accused mess up run by mark sucker burke of the 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 paused, is aggressive interest rates. high companies. 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 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 commons, the kinds for around a 3 percent of global greenhouse gas emissions. putting companies under increasing

pressure to switch to cleaner fuels. the $18000.00 containers, a typical hole for the merry mask, it will be at sea for 6 weeks. transporting the goods from europe to ozone and south korea. like most of the global contain a fleet, the ship is powered by fossil fuels. the industry emits round 3 percent of global greenhouse gas emissions, and that's 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 we're to the carbonized, everything else we need to do. carmen shipping in 2018. the us international maritime organization puts in place targets to reduce carbon emissions by 50 percent by 2050 compared with 2008 levels, but delicate 1st 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 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 just make more visors that spring and dw climate reports are louise osborne, but we've 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 well 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 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. and i'm saying that it is a step forward 2050 as a net. so net 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, no carbon carbon neutral fuels. maybe you could tell us a little bit more about the process of the carbon isaac, 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 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 issues, logistical 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 the 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 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 the by, on take the,

the new will tell you what the story we have is getting a visa is more difficult than finding gold hosted to you for the, for the future in the stories and issues that are being discussed across the country. news africa on dw, do you like it? do you want to then luckily put the pedal to the metal and let's ride

the steam. 60 minutes on dw the wood to us. that's why we listen to their stories. reporter, every weekend dw, the steed i didn't use, i forgot coming up on the program. second, that includes flooding. the confidence in kenya, the business of secondhand clothes is booming. we meet straight as lucy. they depend on that to make ends meet. but over and got a tons of flashing of waste chills to beaches drains and rivers.