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tv   Business  Deutsche Welle  October 8, 2019 3:45pm-4:01pm CEST

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but is it really better than the trans-pacific partnership the u.s. ditched in favor for it. and as unrest over subsidy counts rattles ecuador at a conference in frankfurt tries to identify opportunities and challenges in latin american economies. also how an entrepreneur in mumbai hopes to push electable billeted by introducing a retro force unless carriage. back up to date of the business asia want to get johns in berlin thanks for joining the united states has added a further 28 chinese companies to a trade blacklist saying the firms have all been involved in the persecution of muslim minorities in china beijing was swift to respond signaling it will hit back this comes just 2 days before u.s. china trade talks are set to resume aimed at ending a protracted travel for. this is what the white house says the latest mass blacklisting is all about he claims the 28 companies that helped beijing build what
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amounts to a police state in she jang suppressing ethnic week is mostly muslim minorities among the firms 2 of the world's largest manufacturer of surveillance equipment hike vision and. the u.s. is hurting china's chances of becoming a world leader in the sector days before trade talks to geve to resume the americans insists the blacklisting has nothing to do with the trade talks saying it keeps human rights and economic concerns separate however the white house is reported to have previously shelved ideas that would have shone a light on chinese abuses for fear of the railing the discussions china set the surveillance and she chang is part of the fight against muslim extremism now of aging has to watch on the list of chinese firms banned from trading with the u.s. gets longer still. and joining me for more here in the studio now is didn't use
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china expert clifford could and clip it this is not the 1st blacklist issued by the united states what's different this time well i think the intention behind this seems to be more political certainly they've expressed it as a political move but we've already seen weiwei as you mentioned i think this is looking at some very key areas in china particularly surveillance in the comps a lot of chinese economic development in the area of ai for example has technological development in ai has been through the surveillance sector so it's targeting some companies which are very much involved in the ai sector and beijing already said we're going to hit back what can we expect yeah that's right they said they said stay tuned to see what they put they can do there's a lot of sectors they still haven't looked at yet they could they could hit the auto sector there's all these kind of areas where were they. could could retaliate but we will have to wait and see that the next talks are to resume in 2 days from
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now insist they see any point in them actually meeting well the commerce department said that this is separate from the trade talks but then i suppose they would say to us i think i think. who knows maybe they'll be able to separate this out but it's certainly not going to do anything to make the atmosphere of these talks which are already tense even worse and i think we're going to have to wait and see how that comes out as well but it's not going to help which of these 2 sides can actually stomach a protracted trade or tariff battle that's one thing that we've been looking at i mean the u.s. certainly sees itself in the having the upper hand but the chinese have shown the chinese economy is showing itself very resilient slowing down would love the analysts you talk to would say that's not actually related to the trade war it's to do with internal matters and the domestic market so it looks like they're both fairly evenly matched at the moment all right cliff it can and they're our very own china expert and also from the business of course thank you so much
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well the united states and japan have signed off on a limited to trade agreement u.s. president on a trump is in no danger of underselling the deal claiming it will create countless jobs however critics say it falls short of the transpacific partnership the u.s. ditched in favor of the arrangement. president trump framed it as a big win as he watched u.s. trade representative robert litan and japanese ambassador shinn suitcase sugiyama put pen to paper the deal will reduce tariffs on $7000000000.00 of u.s. agricultural goods while lowering levies on japanese industrial products becomes alongside an agreement on tittle trade. these 2 deals represented tremendous victory for both of our nations they will create countless expend investment income or through douceur trade deficit very substantially promote fairness and reciprocity the vast opportunities for growth the deal helps out american farmers
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who've been operating at a disadvantage in japan since the u.s. left the now 11 country trans-pacific partnership but critics say it falls well short of the t p p which the president walked away from in his 1st week in office the deal doesn't even touch on perhaps the biggest issue for the japanese site tokyo wants the u.s. to promise there won't be any further tariffs on its cars it's yet to get that assurance in writing president trump says the 2 countries will continue to work toward shaking hands on a more comprehensive deal. to ecuador and tensions are running high in the south american country indigenous people and farmers have been clashing with security forces and their protest of soaring petrol prices now the clashes have only been the latest incidents and days of looting and vandalism which prompted president moreno to declare a state of national emergency. hangry protests on the streets of quito the capital
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of ecuador. they were triggered by exploding petrol and diesel prices since the government cut its fuel subsidies. i believe that the government has to pay for this economic crisis people are sinking into misery. if people are hungry they will fight and fight on where love actually allowed child ecuador is fighting a recession president moreno has received a loan of up to $4200000000.00 u.s. dollars from the international monetary fund but it set conditions including slashing subsidies in response to the mass protests and riots the government has declared a state of emergency. ecuador lives from its oil its most important export despite massive criticism from environmentalists oil is also produced here in your
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sunni national park. ecuador has high debts especially to china in recent years china has become the south american countries main investor building contractor and most important lender. loans amounting to more than $18000000000.00 u.s. dollars have flowed from china to ecuador since 2010 according to the china latin america finance database for the construction of roads oil platforms and power plants that could all repays loans to china with oil around 90 percent of the oil that could or produces heads across the pacific. well the situation in ecuador is on the agenda today of the latin america conference in frankfurt and correspondent carolyn that she is standing by there hi carol enough to tell us more about china's stake in ecuador and how is china's involvement in that part of the world viewed where you are. hello money well it
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china is present in the region already for over a decade and we have to know that they started businesses in latin america in 2005 until 2013 china as a main concern was to secure the energy services and draw material so they started giving loans to some countries in latin america in order to get all. copper and the 2nd phase from 2013 and till now worked under the chinese slogan if you want to get rich then build a wrote during that time chinese state owned companies started to build roads a railway sports airports so they have been a latin america for a long time now and they do know how latin american mentality works they do want to make more business is there at this conference tries to balance this tendency the western is if german companies can really a deal with with the chinese president latin america ok karelia chinoy there thank
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you so much you're. welcome stock exchange dropped its unsolicited bid for the london bourse today it touched off a $39000000000.00 u.s. dollars for the l.s.e. group and a surprise approach made last month in a statement hong kong exchange said it was disappointed that it has been unable to engage with the management of the embassy the offer has threatened to up end the elysees owned $27000000000.00 u.s. dollars plan to buy data and analytics company refine it it's. india wants to push electro mobility within the next 10 years the country wants half of all traffic to be emissions free including transport modes especially aimed at tourists old fashioned horse carriages and in mumbai the solution of electric buggy . emissions free. these carriages just attraction on the streets of mumbai.
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if you think they're missing a bit of power you'd be wrong. electricity. the 1st customer of the day is 89 year old s.p. . having completed his maiden. by this mode of transport. the. electric brainchild of this man. he's hoping that inventions of this kind will help make india's transport sector more environmentally friendly. the government has ambitious goals in the area in the next decade. vehicles on the road to be electric. thanks me that are
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going to save you know the common man is going to but at the end of the day is so when you sit on a dime you know and it's facing at a speed of maybe been creeping killer what does it look like on me. had it stuck to as i've been as a viewer at all now and it's going to experience some 40 electric carriages are already being used to ferry tourists to mumbai's famous sign for an old school alongside new age technology. and that is your business update on d w 4 war please do go online follow us on twitter and facebook for me on the team here in berlin thanks much.
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kickoff. welcome to the real world byron munich suffer a humiliating loss to half an hour. welcome to the tough market town halls for the move in the 1st place you know make a. mint on d w. and i'm game for the brand new delusions obama spoke of his personal devices the brothers hope they still affect us all the solution climate change and the return of. only incentives check out.
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what's the connection between bread flour and the european union dinos guild motus d.w. correspondent at the baker can stretch this 2nd line with the rules set by the team . stepping recipes for success strategy that make a difference. baking bread on d.w. . frank food. international gateway to the best connections also road and rail. located in the heart of europe connected to the whole world. experience outstanding shopping and dining offers and try our services. biala gassed at frankfurt
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airport city man. by from bought. this is d. w. news her live from berlin a man crashes a stolen truck into a line of cars in germany injuring several people police have the driver in custody and authorities are investigating the possible motive the driver reportedly arrived in germany from syria back in 2015 we'll have an update from the scene. of the e.u. accuses britain of launching a stupid blame game after
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a call between germany's chancellor angela merkel and u.k. prime minister boris johnson a source says that merkel told.

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