nervous. 5000 german companies operating in china business is good but for how long the german chamber of commerce in beijing has confirmed that german companies are increasingly worried. that. the 1st issues market access is asymmetrical access to the chinese market. a 2nd point is the regulatory environment and the 3rd point is obvious protecting intellectual property rights and finally a big concern these days is digitalisation and the free exchange of information and the digital world. to get a hold. in china's digital world no one is really free beijing monitors its internet and messenger services like we chat for years now foreign companies in china have been required to store their data on chinese servers and the so-called social credit system uses big data and artificial intelligence to monitor the behavior of its citizens and its companies. why do western companies put up with that. for example western companies still have to form joint ventures with chinese companies. germans can own 49 percent of the joint venture but the chinese retain the majority stake. a well known example is fox wa

business it's something that german companies are also doing in china but 44 percent of them want to see more fairness according to an anonymous survey by the german chamber of commerce in beijing why isn't anyone willing to say that on camera. no end of the day the station the economy here are so closely interwoven from the point of view of german companies it's sometimes better to address things behind closed doors rather than speak out publicly. and there's a lot to lose of all the cars it produced in the 1st half of 2020 v.w. sold over 40 percent in china b.m.w. sold 3040. sent and which makes most sadie's sold 33 percent that. no other western industrial country has become as dependent on china as germany. this is especially true in the auto industry. only a few german companies have left china like model train make a medley in the company move back to germany because production costs were too high and the quality too low. but that was 10 years ago. looking at real trains is much more revealing chinese high speed trains are as good as their european counterparts much of the technology was copied from european trains made by siemens and us tom which also built in

nervous. 5000 german companies operating in china business is good but for how long the german chamber of commerce invading has confirmed that german companies are increasingly worried. as. the 1st issues market access is asymmetrical access to the chinese market. a 2nd point is the regulatory environment and the 3rd point is obvious protecting intellectual property rights and finally a big concern these days is digitalisation and the free exchange of information and the digital world. in china's digital world no one is really free beijing monitors its internet and messenger services like we chat for years now foreign companies in china have been required to store their data on chinese servers and the so-called social credit system uses big data and artificial intelligence to monitor the behavior of its citizens and its companies. why do western companies put up with that. for example western companies still have to form joint ventures with chinese companies. germans can own 49 percent of the joint venture but the chinese retain the majority stake. a well known example is fox wagon which has been

business it's something that german companies are also doing in china but 44 percent of them want to see more fanous according to an anonymous survey by the german chamber of commerce in beijing why isn't anyone willing to say that on camera. target's is no end of the day the station the economy here are so closely interwoven from the point of view of german companies it's sometimes better to address things behind closed doors rather than speak out publicly. and there's a lot to lose of all the cars it produced in the 1st half of 2020. over 40 percent in china b.m.w. sold $34.00 p. . and dima which makes most sadie's sold 33 percent that. no other western industrial country has become as dependent on china as germany. this is especially true in the auto industry. only a few german companies have left china like model train maker met leave the company moved back to germany because production costs were too high and the quality too low. but that was 10 years ago. looking at real trains is much more revealing chinese high speed trains are as good as their european counterparts much of the technology was copied from european trains made by siemens and storm which also

nervous. 5000 german companies operating in china business is good but for how long the german chamber of commerce in beijing has confirmed that german companies are increasingly worried. the 1st issue is market access is asymmetrical access to the chinese market. a 2nd point is the regulatory environment and the 3rd point is obvious protecting intellectual property rights and finally a big concern these days is digitalisation and the free exchange of information and the digital world. to get a hold. in china's digital world no one is really free beijing monitors its internet and messenger services like we chat for years now foreign companies in china have been required to store their data on chinese servers and the so-called social credit system uses big data and artificial intelligence to monitor the behavior of its citizens and its companies. why do western companies put up with that. for example western companies still have to form joint ventures with chinese companies. germans can own 49 percent of the joint venture but the chinese retain the majority stake. a well known example is fox wagon

it's something that german companies are also doing in china but 44 percent of them want to see more fairness a call. adding to an anonymous survey by the german chamber of commerce in beijing why isn't anyone willing to say that on camera. target's is no end of the day the station the economy here are so closely interwoven from the point of view of german companies it's sometimes better to address things behind closed doors rather than speak out publicly. and there's a lot to lose of all the cars have produced in the 1st half of 2020 v.w. sold over 40 percent in china b.m.w. sold 34 percent and i'm like which makes most eighty's sold 33 percent that. no other western industrial country has become as dependent on china as germany. this is especially true in the auto industry. only a few german companies have left china like model train maker metal even the company moved back to germany because production costs were too high and the quality too low. but that was 10 years ago. looking at real trains is much more revealing chinese high speed trains are as good as their european counterparts much of the technology was copied from european trains made by siemens and i

german division of u.b.s. he also heads the american chamber of commerce in germany and that role he seeks to stick to their political fights and smooth any ruffled feathers. you know if you get outside of washington d.c. and you go out where you know most people live and work. business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here really and it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the saying is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine and jam

us companies expect the german economy to recover significantly and 2021 the latest survey by the american chamber of commerce shows a furtive u.s. companies are investing war in germany and before the pandemic we talked to the arm chair president to find out more also coming up why china's gaming industry can be grateful to the coronavirus pandemic. back on to do business i want to get jones in berlin good to have you with us the u.s. economy desperately needs a new stimulus package as the pandemic continues to wreak havoc but with a presidential election week weeks away the parties are divided amid political wrangling and last week president to donald trump called off the negotiations on sunday now u.s. treasury secretary steven menuhin proposed that $175000000000.00 in unspent 8 to small businesses be released immediately to east the stalemate the argument of the total package is much bigger though the democrats want a plan worth more than 2 trillion dollars so far republicans have not gone past 1.8 trillion. 1000000000 trillion chelsea delaney our financial correspondent in frankfurt can probably. make se

german division of u.p.s. he also heads the american chamber of commerce in germany in that role he seeks to stick clear political fights and smee that he ruffled feathers. you know if you get outside of washington d.c. and you go out where you know most people live and work. business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in union there is also approach trade but the competition commissioner says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making imports more expensive the u.s. that. tariffs on steel w

german division of u.b.s. he also heads the american chamber of commerce in germany in that role he seeks to stick clear political fights and smee that he ruffled feathers. you know if you get outside of washington d.c. and you go out where you know most people live and work. business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in the union it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making impulse more expensive the u.s. . tariffs on steel wine and jam.

german division of u.p.s. he also heads the american chamber of commerce in germany in that role he seeks to stick to their political fights and smee that he ruffled feathers. you know if you get outside of washington d.c. and you go out where you know most people live and work. business in the u.s. in business in germany in europe or very interested in each other's markets our job is to ignore politics as much as we can when our political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in the union is also true trade but the competition commissioner says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the saying is with success comes responsibility and this is the face that were announced say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making him pull is more expensive the us that tariffs on steel wine and

german division of u.b.s. he also heads the american chamber of commerce in germany in that role he seeks to stick to their political fights and smee that he ruffled feathers. you know if you get outside of washington d.c. and you go out where you know most people live and work. business in the u.s. in business in germany in europe or very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade period immediately and it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the saying is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine an

companies expect the german economy to recover significantly and 2021 the latest survey by the american chamber of commerce shows a furtive u.s. companies are investing more in germany and before the pandemic we talked to the armchair president to find out more also coming up why china's gaming industry can be grateful to the coronavirus pandemic. back on to do business i want to get jones in berlin good to have you with us.

their research on the option fieri also coming up a survey by the american chamber of commerce shows u.s. companies believe the german economy to be resilient. by china's gaming industry can be grateful to the coronavirus and demick. welcome to the w business i want to get johnson bilin good to have you with us and was starting with the final award of this year's nobel prize season the. prize in economics sciences in memory of our fate noble that is the entire title this year as a laureates are americans paul milgram and drop with wilson well known for improving action theory and inventing new option for the nobel prize in economics comes with about 950000 euros and a medal and it closes the 2020 nobel. i don't know ron joined by officer sullivan from business the 1st of all tell us a little bit more about those 2 laureates again to us americans right that's right monica so paul billy graham and robert wilson they're extremely experienced i could demick for the life of work behind them in this field so as as we saw there in the piece 72 years old an 83 years old or around quite a long time specifically the academy ha