this is, of course, is that is if you have air conditioning and we know particularly in northern europe, most people don't lose bit with the royal media. logical side loses always. we appreciate your time and your insights. thank you. you're watching the w news up next. need to beardsley has dw business news. i will see you tomorrow, the next someone else to see the highlights of selected for you. you every week. a new a box, subscribe. now the one of mankind's oldest ambitions could be within reach. what is it really is

possible to reverse the researchers and scientists all over the world for you know, race against time. they are peers and arrival with one daring goals to help smart nature. the more likes watching it. on youtube dw documentary, the germany warrens its businesses to avoid becoming dependent on china. we're here with firms like volkswagen, have to say about berlin's stance. many of them having increased their investment in china in recent years. also on our show, the french economy emerges as a bright spot in europe. we'll look at why the country is attracting more for an

investment than its neighbors. hello, and welcome to our show. i'm seeing busy in berlin. dean risk getting may be the word of the day in berlin, where the government has finally released its long awaited china strategy. which in part purchase businesses to the risk from china or reduce their dependencies on the country. the german cabinet approve the 64 page document thursday. it warns the german dependency on china. it has grown in recent years, and it wants economic relations with the country to become fair, more sustainable and more reciprocal. well, the strategy outlines measures to protect critical infrastructure and sensitive technology, and it warns companies about relying too much on the chinese market, the chinese market or on chinese suppliers. so here's look at how dependent on china several major german firms currently are. and this is just for revenues, a chemical producer, b a s f and sports, where retailer audi task,

both pulling about 14 percent of their total revenues from the country in 2020 to mercedes, somewhat higher, almost a 5th of its revenues last year coming out of china now look a volkswagen, china accounting for almost 40 percent of the companies revenues last fiscal year. that's one of the world's largest automakers. all right, let's listen down to what german foreign minister on elena bear box said about german firms. they listen to i was, we need to focus on our economic security more. i mean is that so that means that costs the risk of the don't just impact the individuals, but rather impact the entire national economy must be minimized. look easy. it means no i'm so no, but stuff is a non exempt of folks with us. companies that make themselves particularly dependent on the chinese market will increasingly have to bear the financial burden of this risk. easy cool, catch that zips garden miss. and the part of the economic security is that

companies need to ensure that in their supply chain and they are aware of the human right or move toilets and ensure that they are not violate image of naturally we have a responsibility to human rights all but we also have to reduce the risk for germany as a business location and also europe. because if we accept the violations of human rights, i'll get to that this will also have impacts on, on european countries here. so in time, in meanwhile, businesses and industry groups in germany have already begun responding the president of the federation of german industries for examples agreed. most of them says that his group welcomes the chinese, the china strategy paper rather in general. but he also says that quote, there's a danger that the ability for businesses to act will be restricted to far invest. the generation of wealth and innovation will be unnecessarily hindered through tighter regulations that is all right, let's go now to saskia here. basically joins us from the academy for political

education into a thing in germany, south to ask you. thank you for joining us. this strategy paper. to what extent does it represent a shift for germany on trade with china to it doesn't really represent the shift. first of all, and very interesting the organization of the timing off to the gum, when consultations with china in june after the made to summit in the multics. and this is a, this is a perfect um, i deal of how this government wants to transmit um its policy and politics. um, it's not so much about the ton of strategy, which isn't a strategy. it doesn't even the framework it's just sidelines bought very important believe it's a demonstration that this government valenze is going to work this 3 policies to do form the government in china. finally,

after all the problems was the energy and other issues. i have been able and this is what before ministry said, very openly, it had been the success of all the administration, worked together coal present funding and getting a successful pay put together. and very importantly, um, the issue had been this is, was in the e. u. frame book does this, does this paper represent a clear direction for germany and for german businesses? so a lot of the knocking on the policy to this point has been at this 3 party coalition has been loggerheads over its position against china. um, well not so somebody bought the collision is helping along with the german industry and with branches of the parts of the economy. and the danger has been

the parts of very powerful like chemistry or from a subject class car industry. other person from high tech industry would've taken a different part in conducting an own china strategy. so it had been good for the government been to um, to conduct a ton this strategy here because of the danger. but some parts of the industry, some branches, and some drops as well to go with their own trying to strategy was accepting a governmental china strategy would have been to to um well up a park and we've seen that german investment in china has increased and recent years, especially as the chinese economy looked at least like it was starting a turnaround after the the pen demik. are they going to invest less because of this strategy or will they continue? what they were doing?

it depends on the branch of some branches. will we invest, you'd invest in china, and there is an interestingly new project or about german. china daughters will form cousins and brand daughters. and the new um, originally german companies will have a chinese granddaughters with a capital from a chinese bags that is called the cynthia risk game. how much was that will work? because the, the, the outcome of course, of the return on investment will still have to be with the owners of the companies and in europe. but again, the danger is with any new china strategy, is that a multi nationals and huge companies will de couple themselves

from any national to men, china, policy and spending, which is not a strategy. this is just um a paper afraid of a subsidy. you brought to leave it there. i'm afraid. so i'll see you here with the academy for political education in germany. thank you very much. and we go now to some of the other global business stories making headlines. the world's biggest gallium buyer says clients are stock piling due to china's plans export restrictions of the rear metal pride bank. a compound material says the industry is on edge as chinese. gallium companies have driven most rivals out of the market by under cutting prices over the past decade. gallium is used in smartphones and electric cars. as google has made, it is a chatbox, barred, available to 50 more countries, including e u. member states and brazil. the tech try and aims to catch up with microsoft back chat g p t by expanding access to bard. google also announced new features to

bard including audio responses and photo analysis. now, last year, france attracted more foreign direct investment than any other european country. a considerable achievement, even if the overall economic impact is somewhat limited, is a report from one year p and mega project in the countries north. this is francis new 3000000000 euro giga factory, a c c in the northern most region of board of cos, a joint project by ducks companies to lantus. germany's mosquitoes and fonts is to, to announce that some day with supply batteries for up to $500000.00 electric vehicles per year. so we probably could be, but we really busy. right now. we are getting our batteries from asia, from china, south korea and japan. but we want to create our own industry to design produce and sold batteries,

that at 100 percent made to better serve to the pharmaceutical software and telecommunication sector. also batching on friends with a total of $1300.00 fund direct investments last year samples. i was in your own a bronze as highly qualified engineers and technicians and a re, industrial culture. and the country has an enormous advantage compared to neighboring countries, such as germany. there's a nuclear electricity company from plants to maintain its high nuclear electricity share. currently, at around 70 percent, the french government has been caught st. corporate texas and red tape, hoping to lower entrepreneurs. a service that goes from you have to pay a foreign direct investments in 2022 created $58000.00 jobs for the economy, except on it by 2.6 percent last year. and we continued to grow this year with countries such as germany entered into recession or is this your,

this economist agrees a lot of foreign direct investment is good news, but it's hardly the reason behind fonts is strong economic results. and people got unemployment has gone down because our population is aging. and there are less people available for what and businesses has been receiving subsidies to stoughton economic impact of the coven, 19 epidemic, and the ukraine war. that's why they could invest that money, which led to growth in this region. the european project is seen as a boon. the traditional car industry employees more than 50000 people here. but because the u has then the sale of petrol and diesel cars, beginning and 2035, many of them have to find new jobs. looks like the photo we want to quickly be fully operational here, and our factory will be positive. a full battery ecosystem, and this value at least 3 of the battery giga factories, upland in the vicinity. in the near future,

these companies and the supply chain could add up to 10000 jobs in what funds is already coating it's back. tray valley are and finally german travelers faced majors lays on thursday as climate act was gain access to tar backs at the homework and do sort of airports just in time for the 1st big wave of hardy travel brothers and members of the last generation group of glued themselves to the tarmac meetings, numerous flight cancellations. other activists cut through security fences blocking access routes to the runway. last generation is known for its disruptive protests, blocking roads and airports, demand tougher government action to reduce greenhouse gas emissions. the. all right, and that's our show. you can find out more on logic w dot com slash business. check us out on youtube as well under the dw news channels. obviously visit thanks for watching the

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