tv Business Beyond Deutsche Welle November 13, 2024 2:15pm-2:31pm CET
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to musicians under the swastika, a documentary about this sounds of power, inspiring story about survival of the home. go get the tennis. i was the only one what nazi germany watch now on youtube dw documentary to better understand major economies in the global south face, the challenge of china surging exports. let's look at 2 of the biggest examples. india and brazil. starting with india. few countries exemplify the complex balancing act of competing and collaborating with china, better than the world's most populous nation. under no rend remotely, india has sought to expand its own relatively modest manufacturing passed through it's making india program. part of that, i've seen the concrete plays heavy restrictions on chinese imports and investments
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. or india represents perhaps the most explicit sort of rivalry economically in terms of the sectors are going after. in terms of parallel industrial policy programs. india has these production linked incentives, trying to boost investment and manufacturing capacity in areas like consumer electronics. and is trying to attract investment from outside china. china is trade surplus with india is whitening dramatically since 2020. it has more than doubled to around $100000000000.00. but it's a complex picture. quite some indian sectors, such a steel of software to the hands of cheap chinese imports. holders are heavily dependent on chinese, intermediate goods for down stream production in india. and the value of the low prices to better understand the dynamics, we spoke to, to experts with detailed knowledge of china, india, economic relations, sue shon,
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sing lecture, and started asian studies at yale university and non decent rush concepts. an economist at marseilles, investment managers, and one by one. is it a phonics or the other is sold out? so one up on the other is pharmacy to those, then it's electrically electric vehicles and also in the sectors, particularly on southern manufacturing goods, ty contrasts dr. products, and you guys heavily dependent on china, not only for the final products, but also for the intermediate products. the chinese, upon me is the one move out date. the prices are oh, the nice to a store cuz they have the videos and it will under them actually. uh so that i was, oh and even if it were, see what all these reviews and that is. and if it's something that can either be their get, they haven't says capacity and the can do it. so they've been de the benita in, in countries like india is now one of the countries that to the lately,
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for indian companies making the same intermediate goods. for example, steel, cheap imports from china have been disastrous, but companies which need them for their own production. welcome the imports the activity to price at these, the inputs prices are fairly low and the profits are much higher. so that's the reasons why you need a some fuel. they do companies which use chinese product. so the reason we do with you, i read it, india and economic policy on china has been shifting, not just because of dependence on certain cheap imports. while the country wants to reduce that dependence is a growing belief that india needs to become more aligned with china in certain areas to achieve its own manufacturing and economic ambitions. there's a lot of stops on the government in india that we need to deviate our sales with the chinese supply chains. we need to get chinese experts. we need to get chinese technology. i really need to have chinese investments. we need to get these china plus one company, which i'm moving out of china into india,
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to boost indian manufacturing for the next 5 to 7 years. he says, india is coursing chinese investment and 3 areas which it fuses vital to its economic development is putting together. the government is really called in chinese, telling me that our products uh on the line with that is that the only the only electronics. so the homecoming of electronic sector, the secondary sort of boss, is the code is the electrically codes. yes, the china india relationship both economically and politically fundamentally remains. one of rivalry which complicates have the picture will develop. a lot of them were often getting dance scholars in or died. diplomats have raised questions . economists have raised questions about whether this is the right cost to date, going along with china ongoing being to get into getting a sense of which on the supply chains, asking for chinese investment to come. is this really going to have thing in the long run? considering the jo stopped as a conglomerate and did you put a good environment in which india operate?
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it's important set to end up strength, a china increasing china as boss along china to deal with its overall capacity problem and the initial investment that it has. and the people to send an argument, are you helping china? why you went ahead to india in this case? how india balances? it's growing depends on chinese imports. and it's need for chinese investment with its own desire to build up its manufacturing best will be closely watched, not least by another major global economy with a similarly challenging balancing act present. i like india, brazil, as a member of the bricks group with china, with a population of more than 200000000 people. and one of the top 10 economies in the world. it's a crucial partner for china. you have on like india, brazil actually has a trade surplus with the country present as a major commodity producer and through exports such as solely beans in iron ore. and as long enjoyed a trade surplus over china in recent years, even with china widening its overall global trade surplus. it's deficit with brazil
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has gotten bigger. and brazil has been one of the most active countries encountering chinese export through tyra's, recently, imposing levies on steel and electric vehicles. to understand how brazil navigates it's evolving but critical economic relationship with china. we spoke to the risk of calls leads to china analysis group at the brazilian center for international relations. she emphasizes that despite the recent terrace, the countries enjoy a positive economic relationship. brazil has really benefit from china as rise as the global economy. supercar. no big deal is one of these countries. that's because of the nature of exports to china. mostly commodities, really benefit from the fact that china parts is demanding commodities on the regular and sustained basis. but like with india and the many other countries with concerns around chinese over capacity,
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it all comes back to the idea of protecting domestic manufacturing unemployment. but it is a big country with a big population of about 200000000 people. and obviously the best jobs are created in the industry. so we really have a concern to be able to maintain our industrial park going going forward. brazil has concerns over chinese export competition. i'm dumping in multiple sectors from steel, chemicals, tires, to electric vehicles. chinese carmakers, b y d i n g w. m. have invested in major electric car plants in the country. a sign of both sides eagerness to find a way forward for 0 as a country has been trying to address that. we're trying a different way. but you can think about the opportunities that are created by the different industrial chains in supply chain created by dig logical transition or again transition. so brazil is already
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a major destination or chinese direct investment in the world. the brazil example shows how imposing tiresome china can be part of a strategy to attract investment, develop domestic industry, and create and protect jobs. so that changes from the perspective that uh china has about the 3rd. i think resist concerns are very clear in terms of what we are worried about. and this is very important because when you come from a perspective of trying to protect your own ability to create jobs as well, paying jobs, the industry is they're able to create a there is no misunderstanding about what your intentions are. the question we posed at the outset of this program was whether the current wave of tariff and a china from some developing economies, signals the start of a wider slash. there's little doubt that some developing economies, particularly in the global south field china, is current strategy is creating
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a serious challenge or the chinese government explicitly refuses to less cool floor items manufacturing. so the labor intensive sectors, and i'm thinking of tech style carries on bloss furniture, etc. and that's considering china is raising labor costs really should go elsewhere . i should go to the companies that i sent. you probably is to stay in china inbox because of say, subsidies and that prevents a lot of promotion countries from becoming major players in those sectors. and then using those sectors to move of the valuation, ac inevitable that uh uh, these countries will move off the value chain, right? and getting to a most efficient could do to a manufacturing activities. that is what happening in china nowadays. so you can manufacture menu in high and products like cellphones and computers. so um, china is to realize that a,
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a can not just continue exporting to these countries. it is, should try to promote local manufacturing capacity yet many developing economies believe they need both chinese imports and direct investment to achieve their central economic. and the idea is not to shun china 5 years, not to, you know, a couple of from china in a certain sense. the idea maybe to some extent disk from china about that. but the deal with that in those capacities guaranteed do not exist in india. so the broad idea is that we need to work with john who's day we will be very careful by doing so. but really to work at the time, china will always be viewed as a rival and always at the same time as a development model to emulate. so think that these 2 will always exist side by side. for some countries, the rivalry will be what out the way the con, the, the, the kind of the, the cooperation and for other countries is going to be the other way around. but i
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think rival reason was going to be there. it's a high wire balancing act. most of the emerging economies of the global says, walking down the line without tripping up. may hold the key to their economic success the and that's all for this episode of business beyond. if you want to see more of our episodes, you'll find our planets in the video description. thanks a lot for watching until the next time. take care the the ego after con. fast growing and very bus tile. as on the end of classics on
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