though you're watching the w news, dw business things up. next was kate ferguson. i will see you tomorrow. the change can be viewed, the test, the natural conclusion of the time it changed the age of enlightenment could 300 year old ideas be responsible for today's problem. and could they help us solve them? i believe our futures in our past. how significant other beginning of the done as

a series of the great philosophers to our present and future enlightenment says, progresses in our hands and that news. so it's really, it's up to us, our series project, enlightenment starts october 5th on dw, the, the use tre, chief says china, business policies are leaving europe and companies questioning their future in the country. his comments come against a 10 fact wrong with the 2 blocks accusing each other of engaging in protectionism . also coming up is the german economy headed for another recession. we'll ask an expert why german businesses are feeling. so this is the don't the business i'm paid ferguson. the thanks for joining me. the top trade official says tiny policies

are fueling on certainty 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 as he may find. the visit comes at a time of high contention. 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 beijing. we bumped on teeth, spinal, which funded europe and companies figure could lead to regular business activities, being labeled as s b in us. let's take a listen to how the e u trade commissioner expressed those concerns as a new for them, the relation slow on updates, empty espionage, low autoplay consent of our business for minute d a is that i'm be good at the loss of too much room for interpretation this

means you'd have being companies struggle to understand is that a compliance obligation? and that's 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. and there's always a 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 to pin companies in nursing of market. and does trade commission in the past. i saw this at 1st time the and we have remedies for all of these are these issues and these disputes because we put additional types on. and this last as development of course,

has an extension of that philosophy that we need to go. it doesn't go back up generously. and so when you see, for example, of asian agent back at this recent pro, an ice into 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 that, you know, there's an openness to do business between both blocks. but at the same time, we are looking at the new found philosophy of the risking a 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 the european union thought enough of it? what was your worst coming on? a lot of pressure from the united states and august would 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 economist 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 fraser at the moment in terms of implementation for, for that agenda of the, of the, of chinese you agreement is the, and uh, definitely have to resolve between europe and china. and i think that's, that perhaps is the basis of negotiation going forward. you mentioned the china, the investment agreement initially struck back in 2020 a, no 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, the policy content of that agreement. and can you see it happening? the long term week is a long time in politics, but a year is in the tennessee. so europe should continue. we might be able to continue a striking to try the list that they have been doing over the last year. and a half, we have just signed up with new zealand 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 geopolitical enough, who infected so much for speaking to the dumpling 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 showed the mood among business leaders, headphone and for the 5th a month in a row, in september, with managers in the construction on the surface of sectors feeling especially

pessimistic the lakes. this figure is 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, who was president of the eco e comic research institute clements put this in historical context for us. how bad 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?

that 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 leave a lot of uncertainty, not only about the economic environment, but also about wherever economic policy is going. for instance, the di, carbonized ation slide. the up gemini, is a complex, does incorporate 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 pops up 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 the links to china, arkansas. so if you were chance there for a day, what reformers would you implemented to kick start the german to call me? while i think it 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 combination of 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 adjusts and get the private sector 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. 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 reports are mew drag, storage sent us this report,

me shout. your apo is back at work. although he retired 2 years ago, his employer loaf times i'll take make asks him to return because it needs skilled workers 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 to be easily replaced. and his work involves inspecting aircraft engines which carry millions around the world, fits into fairly so same going to process are dangerous because the engine can be damaged as a result on this we move. so that's why the parts needs to be repaired or replaced, given inside the house, the power is 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 more because i looked plots, 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 i look tons that takes make is based in handbook last year, a breached record. profit of 511000000 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 inspire more employees and keep them with us on and off by on the higher mission at either of those contract expires in 2

years. he doesn't know whether he'll continue working here 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 that is 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 business, or 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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