Skip to main content

tv   Business Beyond  Deutsche Welle  November 14, 2024 7:15am-7:30am CET

7:15 am
is impacting, developing economies more news and allows us remember to check out our website. that's d, w dot com. and we're also on social media. of course the, the we news is the handle. you need their article fairly. thank you so much for your company. the i want to tell you something, it's a bear with me. my house. i don't think it was a shot. i never saw that this would happen to me. many people here are talking about it for the very 1st leaving here, you know, event living with h a, b space, a lot of discrimination. raising awareness of h r d and on. and we're stuck in this cycle. shame silence.
7:16 am
and we need to break out of a, i want to tell you something how to tell the secret starts november 29th on dw, the, to better understand have major economies in the global south face. the challenge of china is searching 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 of seeing 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 are going after. in terms of parallel industrial policy
7:17 am
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'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 right answer. an economist at my status investment managers and one by one is that of
7:18 am
phonics, or the other is sold up. so one up on the other is pharmacy to those. then it's electric, the electric vehicles, and also in the sectors, particularly on southern manufacturing goods taken trust. dr. 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 who voted the prices are oh, the nice google it has been a little bit and it will undergo actually, uh, 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 lender can do it. so they've been de, the data in countries making the obvious not one of the countries that the only way 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,
7:19 am
the need to price that these, the prices are fairly low and the profits are much higher. so that's the reason why you need a some fuel. the companies which use chinese products, are they going to do with you? i really don't need it. india and economic policy on china has been shifting not just because of dependents 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. there's a lot of stops on the government in india that we need to deviate our sales with the chinese supply chain. and so we need to get chinese experts, we need to get chinese technology. i 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 chinese investment and 3 areas which few of those vital to its
7:20 am
economic development is putting together. 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 whole gamut of electronic sector, the secondary sort of bosses decode is the electrically codes. yes, the china india relationship both economically and politically fundamentally remains. one of rivalry which complicates have the picture was developed. a lot of them were often getting dance scholars in or died. diplomats have raised questions . economists have raise questions about whether this is the right cost to date, going along with china on going being to get into getting all sense of the chinese supply chains. asking for chinese investment because is this really going to help in any longer? considering the jo stopped as a conglomerate and did you put a good environment? enrich, india operates. it wouldn't set to end up as trends a china increasing china as boss along china to deal with it's all the capacity
7:21 am
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 to india in this case, how india balances. it's growing dependent 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. or it is long enjoyed a trade surplus over china in 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,
7:22 am
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 benefited 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, it all comes back to the idea of protecting domestic manufacturing, unemployment. but it is a big country with
7:23 am
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 zill 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 a logical transition or again 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,
7:24 am
and create and protect jobs. so that changes even the perspective that china has about. the 3rd, i think preserves 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 that 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 tire of standard 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 a serious challenge. the chinese government explicitly refuses to, let's go floor i have as many as are true. so the labor intensive sectors,
7:25 am
and i'm thinking of tech style carries on floss, furniture, etc. and that's considering china is raising labor costs really should go elsewhere . i should go to the country. it has been down since you probably have to stay in china inbox because of se 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 financial aid, easy navigate of all of that. uh uh, these uh, countries will move off the value chain, right? and getting to a most sophistic you to manufacturing activities. that is what happening in china nowadays. so you'd come in your factory menu high in products like cellphones and computers. so china is to realize that a, a can not just continue exporting to these countries. it should try to
7:26 am
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, dw, from china, in a certain sense. the idea maybe to some extent deep disc from china, but that, but you know that those capacities guntee do not exist in india. so the broad idea is, if you need to work with john who's 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, 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 high wire balancing act. most of the emerging economies of the global says,
7:27 am
walking down the line with that tripping of mayhole 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 indian professionals rate germany highly for i like uh someone technologies. the best thing is uh the, the society is set up. i mean, the healthcare system that you get into some, the work life balance and like the germans, they also dislike except for the adults on the bureau guessing it's,
7:28 am
it's the weather. piano, 50 super slow made in germany next on dw, thanks will stay the same. i just didn't know they might even get with tony pods. i'm good. we'll dive up to the index and over the incumbent president won the election. the country remains defined in pro europe or pro russia is an agreement even possible. focus on europe. in 60 minutes on d, w, the my name is the calls back said wow,
7:29 am
thank you so much for joining in. welcome to don't hold a bad. a lot of people do that. it's all about saying it's loud. this would have been, you know, say like good everyone to ok, retiring into the microphone. sorry. check out the award winning outcome. don't hold back. so you don't think you the same way you expect and more different things from life when your parents i just want to pursue what sets my thought aside for you think your kid is 2 different risky, irresponsible, reasonable port. and those non thing i want my son to become a doctor to him because it's time to, to get your generation with a sleep asked. and then when generations flash what you know,
7:30 am
on youtube dw, you mentioned this kind of when it feels like therapy. the do you suffer from a heavy what, like, maybe you don't have enough coworkers from health cat to i t and education. there were labor shortages everywhere, which is why more and more companies are hiring what because from a broad gym and he wants to make it easy for workers to emigrate from countries like india today. it's already the field at home and how are they ferrying with a new language and culture the most i one made today which sick to in germany is suffering the most from a shortage of skilled work. cuz how road.

3 Views

info Stream Only

Uploaded by TV Archive on