this is dw business on tape ferguson. the thanks for joining me. the used top trade official says tony's policies are fueling on certain see among european companies in the country. wildest and boskus made the comments during a visit to beijing, where he's been holding talks with the countries vice premier he may find the visit comes at a time of heightened tension. earlier this month, the even launched a pro into chinese subsidies on electric cars. and that move prompted kind to accusations of protectionism from beijing. another thorny issue concerns the possible implications of these things. we bumped on teats by law, which funded europe and companies figure could lead to regular business activities being labeled as espionage. let's take a listen to have the you trade commissioner expressed those concerns. as a new photo relation, slow on updates, it's empty. it's been a as low autoplay consent of our business for minute

d a is it. i'm be good at the loss of too much room for interpretation. this means you'd have been company struggle to understand is that a compliance obligation? and is that the fact that significantly decreases business confidence and that there's new investments in a china and dw correspondent revenue birchwood has been following those talks from brussels, where she caught up with the used former trades commissioner phil hogan. she began by asking him for his assessment of what appears to be a heart and the e u stops towards china as well. that's always the backdrop to this is the fact that we have a very open, single mcaden, that your opinion, of course, is the envy of the world. and at times we have bill seeing that there has been state owens enterprises in china, subsidizing companies in order to compete with european companies and our think of market and those trade commission in the past. i saw this set 1st time them though,

and we have remedies for all of these, these, these issues and these disputes because we put additional types on and display as, as development. of course, as an extension of that philosophy that we need to go doesn't go back and try to stay. and so when you say, for example, of asian agent back at this recent, prove a nice thing to electric vehicles calling it basically an excuse for protectionism on behalf of the european union. what do you make of that criticism? no. or the fact that we're doing more trade with china than ever before and 2020 to the fact that the united states has doing more trade with china in 2022 is a demonstration desk. you know, there's an openness to do business between board blocks. but at the same time, we are looking at the new found philosophy of the risking which of the word rather than the coupling. that's what was now. and the risking means that we're going to protect the critical infrastructure and was in respect of our security issues. we mentioned that word, the risk, it's definitely a password here in brussels, has your opinion and thought enough of it. well, that's what's your, what's coming on a lot of pressure from the united states in order to be coming from china. and i'm

glad that that didn't happen, and i'm glad that we know we have use the word, the risky and you know, do risky, as well as, as, as, as a word that's actually demonstrates to everybody that we have prepared to watch carefully the critical infrastructure of your opinion and your from the security point of view or prepared to use the autonomy as measures the policy change. cameron in your, in 2019, we followed up. that's what an agreement with china, which has been, isn't the, the freezer at the moment of, in terms of implementation for, for that agenda of the, of the, of chinese you agreement is the and definitely have to resolve between your up in china. and i think that's, that perhaps is the basis of it. the goal is the issue going forward. you mentioned the china, the investment agreement initially struck back in 2020 a know deep in the freezer and the political tensions and exchange of sanctions. for example, is there any way you can see that being revised?

nothing. the short term? i think china has to come a long way as towards reassuring the autopay and union that it is serious about, you know, uh the policy content of that agreement. um, can you see it happening? the long term a week is a long payment politics. but a years in the tennessee is so you should continue, it might be able to continue a striking to try a data set that have been doing over the last year and a half. we have just signed up with those even to julie. we have memphis, or mexico and australia separately tell us to agreement to my view. europe is open for business is being very geo political and traders, the business of which we will do this and trade as the businesses. and if i wouldn't be, you know, acknowledged a geo political enough. phil hogan, thank you so much for speaking to the dublin was now relations with china certainly aren't the only source of economic concern in europe here in germany, a key monthly survey from the eco research institute shows the mood among business leaders had fallen for the 5th a month in

a row in september with monitors in the construction of service, the sectors feeling especially pessimistic. the lakes is vigorous, has fueled fears that europe largest economy could be heading for a recession. for the 2nd time this year. that's bringing clements was president of the eco e comic research institution timmons put this in historical context for us. how about a moment? is this for the german economy as well? it's certainly not a good moment. the german economies really having trouble getting out of this recession. and if we look at the different sectors, for instance, the construction industry, the reading of the index is the lowest since january 2009, which was the peak of the financial crisis. so it's certainly not good at the other areas of the economy. the other sectors of the economy are doing better, but certainly not good. so it's not an accelerating decline, but it is

a 2nd nation that's a very low level. and what is the biggest reason behind this stock nation? the probably isn't one reason it's a combination of factors. it is high energy prices. it is exposure off the german economy to eastern europe. it is of cause high interest rates, and it is important to lead a lot of uncertainty, not only about the economic environment, but also about wherever economic policy is going. for instance, the colonized ation slide, the up gemini, is a complex, doesn't cooperate, a lot of uncertainty so that a lot of companies are saying we are reluctant to invest and we wait. now another source of uncertainty is of course the relationship with china. the you on china are holding trade talks today. how concerned are german businesses about relations with aging?

badging is very important try a partner of a trade with china is roughly 10 percent of german foreign trade. so that is a law spot may be less than many people think at the same time certain sectors are very expose. this includes parts of the chemical industry and it does include the german automotive sector. so the automotive sector is the most important sector of the german economy and buildings to china, arkansas. so if you are a chance there for a day, what reformers would you implemented to kick start to during the call me? while i think precisely labor supply is one major issue. so we could undertake a set of reforms but would not create more in equality. but would not reduce government tax revenue, but that would encourage labor supply. so these reforms, the points i mentioned have to be undertaking the other issue is energy policy and

the colonization policies here. the approach of the current government is very strong in regulations and very interventionist. i think we need an approach which would more put more emphasis on common pricing. but otherwise let the private sector adjust and get the private sector and more freedom to adjust. we need a less bureaucratic approach in this area. so more freedom and less red tape timmonsville, his presence of the fellow economic research and the to thank you very much. thank you. it was, we just heard that one of the biggest issues waiting on the german economy is a shortage of skilled labor. the government has already introduced measures to make it easier to hire foreign workers. another option is to help people working past retirement age. and that is exactly what's happening at german airline. no tons of

our report from your drug storage sent us this report. me shout, your apo is back at work. although he retired 2 years ago. his employee, a lot of times i take make, asks him to return because it needs skilled work like him or something to, to the, all of this and starts them off. of course on it made me a bit proud of people who don't want to use my skills and knowledge on my way. we've had selected with more than 40 years of experience as a materials inspector up the can be easily replaced. and his work involves inspecting aircraft engines, which carry millions around the world fits of into fairly all the same going to process are dangerous because the engine can be damaged as a result on this we move now, that's why the parts need to be repaired or replaced. we gave them a 5 holes. the powers to the decision to return was easy for the 67 year old,

he gets an additional income on top of his pension. and the company gets to have a skilled worker, retiree's side, helping fill a gap in the labor force mortgage. i'm look pots funds or the work is on a vision. how many people here who are already worked in this field, you don't have to have been. i love tons, a employee to work with us and we're happy to get retirees. well, willing to continue working with somebody that's all a lot of times that takes make is based in handbook. last year, it reached a record profit of $511000000.00 euros and it's expected to improve on that. in 2023. it needs up to 2000 new skilled workers by december, but there are ins enough candidates. so hiring up to 100 retirees can fill some of the vacancies. that one's for us. this is an opportunity to fundamentally and buy

a more employees and keep them with us on and off by on the higher mission out of those contract expires in 2 years. he doesn't know whether he will continue working myself or not. i'll make that decision based on my health. how do i feel, how am i doing if it does my wife still like it or not? those factors are important, but in principle, and i'm open to anything less often. staying open to working past retirement. no, that's a mindset that is helping field gemini skills label shortage. that ross so far show. thank you so much for watching. for more you could always check out the w dot com slash business, or on the do don't mean use youtube channel as well. and also on facebook from me on the entire team here is by the

agent on the system issue. and i'm in addition management the pianist, she's known as the bully of classical music, is our guest at tiny house concerts. and of course, making music the in 90 minutes on d. w. not just another day. so much is happening all at once. we take time to understand this is the day i'm in that's look at current use events analyzed by experts and critical thing here is not just another new. so weekdays

on d, w name shannon with the law singing clearing the sizing. the award winning offer is available for every language and has never been set online on facebook and youtube fast fashion as an environmental 9 clothing graveyard image of land desert. this is where things wealthy industrial nations no longer need and light of textile ways get stranded here. all about the final stuff in the global fashion industry, the fast fashion watch now on youtube.

the business dw news live from balance process to pull its forces out of these at the front of the that ceased, paul and ousted the elected president. well comes to the decision by the former colonial pots, saying it's a step to old sufferings. also on the progress, armenia says nearly a 1000 refugees have crossed. it's pulled up from the disputed regions of the bone . ok. and i go into a car box. so if he says new toltz open a window of opportunity for the to the teams, the crisis and hopes of a.