welcome to the progress is staging. scattering away your opinion business. a survey conducted by the european central bank suggest over 40 percent of a multinational was planning to shift the overseas operations to politically friendly countries. the majority pointed to china as placing a particular risk. they're also looking to source materials elsewhere to be less dependent on the country on monday, trying to post this 1st of a course of the despotic and foreign direct investment as withdrawals and downsizing by farm times outpaced best spending age. but been discussing this with so were 10 who is chat of finance at the university of hong kong, i asked him whether china is becoming an increasingly hostile environment for foreign firms. i was fair and uh, geo political challenge have taken really center stage. i find all the policy makers and the defense political leaders are concerned. they are really preparing

for some halter unusual security for china as i have the secondly to protect china from geo political uh, volunteer to, to say the least least as read that sense. i mean, it's really not surprising that about the only chinese piece of this is in the household. i'm making that adjustment. so we should, um, uh, following businesses in china as well. so given the welfare driven nature and uh, preparation for possible uh military. all the types of conflicts with uh, developed countries um the business environment are in china has turned to be uh, more and more friendly to the following businesses. uh so in other words, domestically in china, you know,

government officials trust 1st and foremost the state owned enterprises because of the state. all the enterprises are controlled by the potty and other government branch. and then uh, you know, when they have to choose between domestic private businesses and forwarded businesses during business in china than they would 1st uh, you know, pick a trust. uh they go mastic private businesses on top of the following basis. it started. so i got fence um the operational will basically see my manage whole lot on national firms coming from the west. uh, dealing with a very different uh, country business context. uh, in china, especially when compared to uh, to you know, the business environment in china 20 years ago or 10 years ago. it's interesting that the china is just pricing is 1st of a quarterly deficit in foreign direct investment from what you're saying. you make

it sound like that's not actually something that would consider engaging, particularly as well. they would like to have both uh, you know, far in businesses and following happened or to stay in china especially given that uh the chinese still invested in economy. uh, its uh you know, slowing down to say the least. uh, they may even be a real recession. uh that is uh, being uh, uh, formed, uh, so a year term. uh that they do. uh want you a cheap the economics uh growth situation from lot going down any further because uh they also uh, increasing unemployment challenge especially off or they use uh, some other things uh considered. uh they would like to they, they would like to acknowledge slowed down to um, slow down. uh, some watch. uh,

not the accelerated and not too much for that sense. uh, the outcomes that i saw, this is why the uh us china relations, especially the us trying to acknowledge relations at the moment are really being um, uh, improved uh through various offices show. and i'm official efforts in china just in particular to make sure that this i'll come in uh by then she meeting in san francisco and next week we're actually the come blocked it in a very user friendly environment. oh, you know, all of our backdrop on so in that sense, uh, even though they realized that fundamentally the us, china relations are going to be very difficult to really uh, uh,

be approved. uh, still at the moment they want to uh, create a more friendly atmosphere uh at least opt you an even for the next week after that meeting in san francisco than uh, the. busy oh, you may be somewhat different. so 10 share of finance of the university of hong kong that and you can watch an extended version of that interview. if you go over to the d. w news, youtube channel that's data we. com. sorry do. tube dot com slash through the news . now, some of the other light isn't stories that are making the news. international monetary fund, this upgrade is 2023 economic growth forecast for china to 5.4 percent from 5 percent . so i think a rebound in domestic consumption, you all have f ones, however, that the weakness and property in, in the properties accept could continue while demand from a broad may remain locked less than the work is filed for bankruptcy in the us, the office sharing companies restructuring is vast,

that's costing paused by rise and people working from home we work with once the us as most valuable stopped up with a peak valuation. maybe $50000000000.00. give us a space that is the best course in the last. since 2017 is based, heavy costs associated with its rescue. fellows swift spanking job credit suisse us la 795000000. your is join q 3 and industrial production in germany fell in more than expected in september as a recent slump in incoming orders. tickets total on production output decreased by 1.4 percent compared to the previous month, which is the lowest level since august 2020 is the 4 consecutive months they dropped. the union has made clear its support for ukraine and as well with russia. however, that doesn't mean that on points of tension between e u member states, and that is the neva. many of those are related to economic concerns. and one of

them is playing out on the board with part in no way through. like here near dural husk polish. truck drivers have been blocking 3 important border crossings between poland and ukraine. they are protesting against the fact that ukrainian truckers are getting increasing order from poland, leaving them at a disadvantage because they still dealt with that until now. all the price differences between polish and ukrainian transport companies were leveled by a permit system. and once the system was abandoned, due crane and companies were allowed to enter the new market without being subject to the same rules that apply to europe and firms. indeed, the european union has been waving the need for permits since the russians full scale invasion of ukraine. the polish government says have, can't do anything about it. meanwhile, increasing numbers of pull this truck or say their work is under a threat. first of all, we're still trying to fight, but if nothing happens, we won't last until after the new year is the ukraine will take over public transport and then it will be germany's turn. so the bottom is, i mean,

units in fact a menu cranny and truck drivers to work for less money than you companies have to pay at the minimum wage. and are you afraid? companies have to meet stricter regulations for vehicles and operations. nice each year we earn enough money to live on. it may not be as much as in poland, but it's in the same order of salaries and things like that and never disputed. there are 2 sides and each side wants to get facilities better conditions and financial discounts. seeing yeah, well that's fine. yeah. e with the i can pull this truckers on now preparing for a more extended location. if there's no solution, they intend to hold out at least until the end of the year. well, it isn't just ukrainian folks that have been crossing the border into the you when the passage isn't being blocks that is. so have ukrainian seeds which the country continues to produce despite the ongoing war is about $100.00 to allow me to sell.

so if key of the small town put squeaky has so 5 in all most sped from the wall, it even has work and food to offer this by apps and produces seats for ukraine's agriculture. more than 100 employees. some of them highly qualified process. colin hybrids here despite the war production this maintains, in the event of any of the employees hunker down in bunk cuz sometimes for hours working hours they make up for by working overtime. and the fun, yes isn't that we do not plan to close our production. this motivates us very much here, and we're making major investments. by 2025. we plan to invest $60000000.00 euros to increase production capacities at the bias site in ukraine because of what you buy out of. okay, e victoria and agricultural engineer comes one house on for 2 years,

she lived another russian occupation until she was able to escape. she felt work in the laboratory, a jump made possible by the plant investments. me the should to prove. i am convinced that this works of parts, not only me, but the whole of ukraine. ukraine can, we can all gain experience from foreign companies so that everyone can reach the level that they have to each is within those. include some disney or for me. because of the war sales of seats and ukraine has declined from us last fields to mines and russian occupation. they are buying less. but now 60 percent of the seats produce to you. i exported to the you buy a group of leaves long to him in the side and ukraine and calls for support from the us political what i would like to see. and this and guarantees expanded by the german federal government and that the conditions are attractive and it does. i

would also like to see what financing opportunities exist for companies to make new investments right now to taking investments that could be destroyed by a russian. the strike protection could come in the shape of financial guarantees. and of course, in the shape of the anti aircraft, missiles, protection that would benefit the entire village. it's just time for reminder, there's the top business story that we're following for you. this, our, the survey conducted by the european central bank suggestive a 40 percent of the u. multi nationals trying to shift service these operations to politically friendly countries. majority identify china as having an elevated. right? so for me to visit team here and balance, i'm all i have is the d w dot com slash business, or the thing to be news channels to the next time the

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