to china as an investable gina raimondo was speaking during a visit to beijing, aimed at increasing strange relations between the world's 2 biggest economy. she says us firms might cease operating in china without prompt action to improve the business environment. the 2 countries are engaged in a trade dispute, this seeing that employees restrictions on each of us exports as well. let's get more on this from correspondence and ty paid. so some hon. i asked him why us businesses might now consider china unimed investable. that is mainly because it has become highly risky for the u. s. companies to invest in china, especially after basing revised a lot earlier this year to counter spite activities. a many for in business now afraid of being targeted by the chinese government says updated definition of espionage is very vague. and also paging recently rated several consultants. the companies from the us detaining local staffing and imposing heavy 5. this prompt

for income companies to we consider whether it is a wise decision to do business in china. but the chinese embassy in washington has the bunk to the remark saying that most us products in china wanted to stay in beijing was working on to further east market access to foreign companies. right, so is this problem specific to american companies or companies all over the world particular, especially in your boss or finding investments in china difficult now? so it's definitely a common problem faced by western companies and those consider one of the u. s. allies, for example, if we look at asia, if not non western japanese firms have also um, already express fears about continuing their business in china with at least 17 national was being detained under china as anti s banassi law. since 2014 and the list to say the u. s. one of the china speak is sources of the for investment is also sounding. the alarm is the best way to go to china has committed on visions,

reason cracked down on for inc. consultancies and declared that it was not good news. so it becomes more and more common for companies in different countries to express the same uh, same, same situations. so it's an hon and type pay for those that well during a chinese visit. secretary raimondo is also insisted that the us does not want to be couple itself from china. i've been speaking to both. i had signed her on the list phrase a highway. i asked him if you can take that claim at face value as well. yeah, of course economy, you know, china is the world's 2nd largest economy. it's a huge part of global trade. it's ideal. the coupling means a complete split squared. that is simply no interaction. i'll us off. i sewage north korea, but not clearly isn't going to happen. america does realize and certainly the, the, the divide into ministration realizes but you need to be engaged with china on a whole host of issues. the trade isn't going to stop. but simply that trade is not, it's not simply going to be an open door. and the china can you just come along,

ignore either w to your provision, or just basically take a whole list of, you know, the technologies, which is a fund going into its military system. so basically they have to be us upgrade in the us allies in the area. so from that perspective, it isn't business as usual, but it hasn't our businesses, it's been in the past. but the idea that the coupling needs a complete break with china and no engagement was always nonsense, scope and was always presented at an extreme is year simply to sort of a to try and do nothing about china. frank, with your estimated quite clear present, biden's made it quite clear that the it sees toner is a capacitor and it wants to compete with china. but by doing that, so it gives the us of, you know, actively trying to hold the chinese economy back now, is that a fact? uh well, just not really remember china or the americans have bought the trillions of dollars worth of goods from china over the decades invested vast amounts of money

and china. so that's a really strange way to be holding china back. this is our base, all right? common belief things from the chinese communist party saying that they're being in circle, they're being held back. it's all life is unfair. and yet they refuse to look at their own actions, which have been very detrimental to buy a lot of trouble or a sense with america and with other trading partners. and they've certainly made far knows the target off a lot of their measures. so it's not necessarily fair, that's all to swear next in this relationship between us and china, because china clearly has its own economic problems. back home, you've talked about how the us is, you know, is not looking to be careful from china and tiny, but relation still remain strain. so why should we be seeing this relationship go in the coming is, are they gonna get closer together? they're gonna repair these revelations now, or are they going to deteriorate for us?

um, well, i think it's going to remain very straight. it's as simple as that. it's going to remain very strange because you didn't pick, has made no secret about his trying. a girl who's trying to dream this rejuvenation of the chinese nation, which requires a very high degree of self sufficiency. he has made no, no rollback. it's all about, you know, i'm using force to take over taiwan and, you know, gcs these as great goals of his presidency, honest as a leadership, this general sector of the communist party. so from that perspective, china isn't really changing, i'm, i'm those, both of those policies are very much the cartridge, where the u. s. would want to see a specific treatment about as do many of its allies. so things will continue to the main screen. i think the we had got used to, you know, the past 2 or 3 decades of growing trade relationships, growing investment and both ways growing bilateral investment. and that's simply not going to continue. it's going to be a strange relationship,

much more focus on the way that high tech products are going to be allied, much greater suspicion on both parts on both parties. and that that's going to be a much harder relationship to, to manage. but i think it's almost the natural light come off ultimately to systems which are frankly, at loggerheads kind of raise a how is always interesting to get you right inside is thank you so much for joining us on the to the business. now let's take a look at some of the other global business stories making. the news is saying in china as china is economic good stuff is always the calling on banks. the stuff for lending to private companies to the central bank hotel lenders to set annual targets for loans to private firms. a lend more to 1st time borrowers bank loans to the private sector tongue board in july, despite a cut and interest rates. to have an inflation dipped slightly in august to 6 point one percent, but it is still 3 times 5 and the target set by the european central bank. the

figure was slightly higher than some of this has been expecting. while energy prices have dropped the cost of food services, a still high new car sales in the european union rose during july, but at a slower rates dining the 1st half of the sales was 17 percent higher during the period of january to june, big windows with vehicle electric vehicles, registrations of those roads, nearly 61 percent. now it's back to school for many millions of students around the world. and while in some schools, the debate might be about whether to get laptops for the classroom or whether it's a high, a new teachers. one company in the united states has developed a classroom innovation that it says can save lives, a bullet proof volt. so here in this primary school classroom, these seem like 2 big white boards, perfect for writing down homework assignments or explaining math problems. but in

just 10 seconds, these walls, when hundreds of kilograms can be pulled out to form a bullet proof bunker to protect students from active shooters inside their schools . it stops the a k $47.00 rounds and it stops about 99 percent of the tools that we sell. the united states. this model costs $51000.00 and while school shootings are rare in nearly every country in the world, in the u. s. school security is big business. one estimate shows that the market could grow to $8850000000.00 by 2030 lead. not surprisingly by the north american market. that's because is the frequency and deadliness of attacks at schools has increased in recent years. so have parents and teachers concerns about safety and they're willing to spend big on protection

and makes the day go by a there. um, you know, i know i can go to work. i can drop my kids off and know that they're safe at school. i couldn't imagine being one of those parents that don't get to come home this for kids. so despite contentious debates about gun control across the us, politicians have not been able to pass legislation that reduces gun violence. targeted american schools since no solutions are on the horizon. the bunkers and vendor hopes to give students a chance of survival time of need. it can be deployed and i don't know how we got off track, but we did as a unit as a country and, and, and i feel like it took us a while to get to this point is going to take us a while to undo it. but in the enroll my kids still need the protection to mexico now and efforts to maintain a dying out form for countries. stone. call it as a flight. the chiseling trade for centuries, but the police had flores and

a shortage of pauses ends. me in the scale risk being lost to time of the entails for most people are catholic, a sunday is a day of rest, but not for stone carvers and shut check. uh and she model walk on who conductor work on the day of the sabbath using hammers and chisels. they make sculptures to decorate the local cemetery church, and park is the because there's a different building, so they don't work in the town. see on a don on sundays by all the commerce of the guilt, then you're going to new. we are a 150 artisans, and we do most of all work on sundays, things creating and fixing all the sculptures here. no, that's good for us to send in the punch in the stone i carve is difficult to work with students, forest quality, and it has to be trucked in from other states. since the local sources. query stone has run out, the number of carvers has also dwindled. from 600 a decade ago to half of that today. but they have whole,

the tradition and their profession will survive. be as a notice that the, the, i think that the work and the corey is never going to end up there. that does many people like these sculptures looked at that. it's never going away. there's very little of work here, but it's there. i won't get the traditional art has no work carving out its place in the modern world. it's amazing. well they can do isn't it? that's all from me, the business team for this time. but if you want a bit more from us, you can always head over to d, w dot com slash business. or you can check out the data when use youtube channel thinking about business content on that as well. and you can join a page on facebook if you like. it's the data, but you don't business. got it. perfect. thank you very much for joining us. so next time the,

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business dw, and use line from balance. beyond these stages, a cool in the ball in central africa offices, these pa and the rest, the president just days officer election, proud to then take over into capital libra, be also coming off ukrainian. drones strikes deep inside russian territory. moscow says it was one of the biggest ways of a tax on russian soil since the start of the strikes destroyed military transport and thought, sorry, kind e dahlia.