trade official says chinese policies are fueling on certainty among european companies in the country. wildest and boskus made the comments during his 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 of through accusations of protectionism from beijing. another thorny issue concerns the possible implications of patients. we bumped on teeth, spinal, which funded europe and companies figure could lead to regular business activities being labeled as an espionage. let's take a listen to how the e u trade commissioner expressed those concerns. as a new phone number, the relation slope on i'm day if it's empty is spent as low are of great concern to our business community. a is that i'm be good at the allows to mushroom for

interpretation. this means you're paying companies struggle to understand is that a compliance obligation? and is that to the fact that significantly decreases business confidence and that there's new investments in a china and dw correspondent read the barcode has been following those talks from brussels, where she caught up with the use former trades commissioner phil hogan. she began by asking him for his assessment of what appears to be a heartening e u stance towards china, as well as what was the backdrop to this is the fact that we have a very open single market into your opinion. of course, as the envy of the world. and at times we have bill seen that there has been state owens enterprises in china, subsidizing companies in order to compete with your pin companies and our think of market. and does trade commission in the past. i saw this 1st time though, and we have remedies for all of these are these issues and these disputes because we push addition tire of some. and this list as development, of course,

is an extension of that philosophy that we need to go to single. mca generously and so when you say, for example, the vision agent back at this recent pro, a nice and to electric vehicles, calling it basically an excuse for protection as and 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 of the united states as doing more trade with china. in 2022 is a demonstration dest. you know, there is 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 interest in respect of our security issues. we mentioned that word, the risk. it's definitely a password here in brussels. has the, your opinion didn't tell enough. is it what was your worst 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're now we have use the word,

the risky and you know, do risky, as well as, as, as, as a word that actually demonstrates to everybody that we, we prepare to watch caffrey the critical infrastructure of your opinion 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 before 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 a negotiation going forward. you mentioned the china and 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 to your opinion that it is serious about,

you know, the policy content of that agreement. i'm, can you see it happening the long term a week is a long time in politics, but to years and the tennessee is so your 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 8 and a julie. we have memphis or mexico and australia supplement. 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 basis. and if i wouldn't be, you know, acknowledged a geo political enough to hold. and thank you so much for speaking to the dumpling, welcome. 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 showed the mood among business leaders had full. and for the 5th a month in a row in september with monitors and the construction and services sectors feeling especially pessimistic. the lease has to figures how fueled fear is that in 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 clements. 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 uh, 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 reasons 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 impulsively. a lot of uncertainty, not only about the economic environment, but also about wherever economic policy is going. for instance, the colonize 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? the badging is very important try a partner of

a trade with china is roughly 10 percent of a german foreign trade. so that is a law spot may be less than many people think. at the same time, certain sectors are very exposed. 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 were 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 rad tate segments full, his presence of the felt you cannot make research and the to thank you very much. thank you. i it was he just heard there. 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. michelle,

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. i like him or something to go to the office and start 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 selective 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. this event to fail is all the same going to process are dangerous because the engine can be damaged. as a result on this we move out. 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 fund 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 of them for you to work with us and we're happy to get retirees. well, willing to continue working with somebody that's all i look tons 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 here myself or not. i'll make that decision based on my health. how do i feel, how am i doing 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 can always check out the w dot com slash fitness. we're on the dw news youtube channel as well, and also on facebook from me on the entire team here is by taking the

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