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tv   Business Beyond  Deutsche Welle  November 14, 2024 4:15am-4:30am CET

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actions as all this used to host fights just as an alteration and with that you are up to date for more news and analysis. remember to check our website is b, w dot com, but also on social media at the state of this, the handle that the, when i was 8 years old, i was already dreaming of the future as a singer. and i wanted to become a hero of my family. his dream was within reach. she'd become a star in turkey overnight. then a man took everything from her. with the help of his family and music, she rebuilt her life. and then her sister also became a family scholar by hatred and to murder and the daughters. i am willing to work for change, so i will sing my song. maybe my voice will be heard back to bring to our love
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seeking justice for the victims of fin aside starts november 21st on the w, the to better understand have 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. wonder nor end remote india has sought to expand its own relatively modest manufacturing best through its mic and india program. part of that a c in the country place heavy restrictions on chinese imports and investments or india represents perhaps the most explicit sort of rivalry economically. in terms of the sectors they're going after,
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in terms of parallel industrial policy programs, india has these production linked incentives, trying to boost investment and manufacturing capacity and areas like consumer electronics. and is trying to attract investment from outside china. china's trade surplus with india is whitening dramatically since 2020. it has more than doubled to around $100000000000.00. but it's a complex picture by some indian sectors such a steel of sort of the hands of cheap chinese imports. folders 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, sing lecture inside of the asian studies at yale university and non decent rush concept. an economist at marcellus investment managers. and mom by one is that of
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phonics, or the other is soul up. 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 to i can trust. doctor products is 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. uh, the prices are, oh, the nice to a store cuz it'll be nice and it will under that on that to the so that i, that was oh and even is able to see what all these reviews and that is. and if it's something that can either be their get, they have excess capacity and the can do it. so they've been de, the data and in countries like india is not one of the countries that to the only way for indian companies making the same intermediate goods. for example, steel cheap imports from china. i've been disastrous, but companies which need them for their own production. welcome, the imports,
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the activity to price that needs the input, prices are fairly low and the profit so much higher. so that's the reason why i do a soft fuel. they didn't, companies which use chinese products or they do me do with you. i really do need 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, the india needs to become more aligned with china in certain areas to achieve its own manufacturing and economic ambitions. and there's a lot of stops on the government in india that we need to da sales with the chinese supply chain. and so 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, to boost indian manufacturing for the next 5 to 7 years. he says india is coursing
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chinese investments and 3 areas which it fuses vital to its economic development. is wayne taylor, the government is really caught 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 as the picture was developed. a lot of them were often anything. 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 our sense of the chinese supply chains asking for chinese investment because is this really going to have thing in the long run? considering the deals, factors, environment and did you put a good environment? enrich, india operates, it wouldn't set to end up as friends, a china increasing china as boss along china to deal with. it's all the capacity
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problem and the initial investment that it has. and the people to send that are you, are you helping china? why you wouldn't have india in this case, how india balances. it's growing dependence on chinese imports. and its 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 the 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, brazil as a major commodity producer and through exports such as solely beings in iron. or it has long enjoyed a trade surplus over china. and recent years, even with china whitening its overall global trade surplus. it's deficit with brazil has gotten bigger. and brazil has been one of the most active countries encountering chinese export through tyra's recently,
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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 the china analysis group at the brazilian center for international relations. or 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 economic 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 starts with demanding commodities on the regular and sustained basis. but like with india and the many other countries with concerns around chinese over capacity, it all comes back to the idea of protecting domestic manufacturing unemployment. this is a big country with
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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 and dumping and 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 or for sale 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 log in transition. so brazil is already a major destination for chinese direct investment in the world. the brazil example shows how imposing terrace on china can be part of a strategy to attract investment, develop domestic industry,
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and create and protect jobs. so that changes from the perspective that china has about the concern. i think business concerns are very clear in terms of why 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, industries are 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 stars have a wider slash. there's little doubt that some developing economies, particularly in the global south field china, is current strategy is creating a serious challenge, or the chinese government explicitly refuses to less cool floyd, i'm spending factoring. so the labor intensive sectors,
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and i'm thinking of tech style corey's on bloss furniture, etc. and that's considering china is raising labor costs really should go elsewhere, should go to the account fees. but they're incentivized 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 design mentioned ac, inevitable that uh uh, these countries will move up the value chain, right? and getting to a most sophistic could do to a manufacturing activities. that is what happened in china nowadays. so you can manufactured menu in high and products like cellphones and computers. so china is to realize that a, a can not just continue exporting to these countries. it is, should try to promote local manufacturing capacity
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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 deep disc from china. but that both deal with that and those capacities kind of do not exist in india. so the broad idea is that we need to work with john, whose day we will be very careful by doing so. but really to work that 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 think rival reason was going to be there, it's a highway or balancing act, both of the emerging economies of the global. so walking down the line with that
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tripping of 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 playlist in the video description. thanks a lot for watching until the next time. take care the the critical dismissal right now and to the conflict. highlighted the negative component of survival is the next conflict for data with china. fortunately,
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a lot of crime. it's probably up to speed is secure, subscribed to those channels. we've got every friday. subscribe to plan, it's a library. it is back said the new president, last year when he took over the german shapes of the west, african regional block aquila. he pledge to boost his country's influence after years of inward looking administration, economic malaise and security challenges. i spoke about that with the countries for ministry use of to go in a special conflicts own from the berlin global dialogue. how does he see nigeria stepping up with the leadership role when it confronts a domino of crews on its doorstep? foreign powers positioning for influence on the continent. the conflict into down and citizens leaving message area in the face of economic and security fear.

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