tv Business - News Deutsche Welle December 31, 2021 4:15pm-4:31pm CET
the clubs came off. where organized crime rules were conglomerates make their own laws work through what's big. it doesn't matter. the only criteria is worked. we'll hook people up. we shit light on the opaque world. who's behind benefits? and why are they a threat to whistle o peak world starts january 5th on d, w in? ah, what does 2022 have installed the chinese trade? this year is seen rising tensions between beijing and the likes of the us, particularly alleged human rights abuses in chin. jang,
who discuss how china is relationship with the world, is changing as property prices in chinese cities or to become among the highest in the world. we meet some of the winners and losers, one year into wreck. it hasn't been the disaster that some people predicted. well, we'll take a look at the new relationship between the u. k. and it, you know, the state of your business on reports in berlin. welcome to the program that the world's 2 biggest economies, but relations between the u. s. and china have been heading south throughout 2021 just recently. they've taken a further dive over claims of human rights abuses in the chinese region of shin jang, united states recently passed tough new legislation that puts the onus on businesses to prove their supply chains of free of forced labor. it accuses china of persecuting shin jags muslim minority weak population there. internment camps,
forced labor programs, and intense surveillance more than a 1000000 week, as i believed to have been detained. however, for firms trying to pull out of the region, things can get tricky. u. s chip maker intel issued an apology last week after edging it supplies to avoid sourcing goods from shin jang, the announcement to cause an up role in china. meanwhile, the upcoming winter olympics in beijing go putting pressure on businesses from another angle. western human rights groups have criticize the american firms that are sponsoring events. these include the likes of b and b, coca cola and general electric. so let's discuss the challenges facing china on the international stage as we enter into 2022 with resident china, water graphic union. so that's how things are playing up, particularly of a shin jang, between the u. s. and china. but what about europe and china? well, it's interesting, rob, i mean, a lot of things seem to be coming together right now. i mean, the of different factors that have been going on actually for years. i mean,
we've known about a lot of these issues for a long time, and these companies have known about these issues for a long time. and when you think about how it works with the factory or with it, with a company like say, intel, you know, they've got 6, maybe 6 more. who knows how many levels of supply chain going on am. and clearly they have made preparations for the fact that this, this legislation is coming, coming in. and so now you have this in the u. s. and then now we're dealing with europe with companies like volkswagen continent tal siemens. all of them have recently come out with state, they've come out with statements saying that it's not about the supply chain. they're, they're trying to sort of keep out of the issue. so it's, it's, it's clearly going to be a major factor for european companies. so pressure from european companies and u. s. companies, it's china starting to look else where it's focused on trade. well, a lot of this, i think china still really wants the technology that european companies can offer,
particularly on the, on the industry side, on, on the u. s side is much more of the tech side, you know, there's another, there's another debate we could have about how you're being companies. i haven't just are not at the races when it comes to tech. but and yeah, i think, i think there they still need this tech so, and they also, but another thing we should keep in mind is that they have rules as well. that companies in china cannot use the and they're, they're not allowed to take goods from companies that follow sanctions. so it's, it's a really, it's a really problematic issue. it's kind of a double bind for european companies. we've been saying, i mean, people love china. alice have been saying this for years that this is coming, you know, that eventually you're gonna have to make a decision about this and am. and it seems that they haven't really done the due diligence. so this decision might, might come during the close of 2022 by mid. how, if you can get your crystal ball out and predict this for is how is china's relationship with the will going to change over the next 12 months? well, this is, you know,
obviously i look in my crystal ball and there's no sign that china has any interest in backing down on this. you know, i mean european company thing, any dialogue with china. but i am dialogue with china. why we're trying to be interested in dialogue. it's got all the money. you know, it doesn't need us, you know, and a lot of european companies, particularly in time, a pandemic, are very reliant on goods on imports from, from china. and they needed for the supply chain countries like vietnam and indonesia, where they hoped to maybe off shore to move their supply chain there. you know, they just don't have the infrastructure. so it's a real problem. so i think china is going to, there's no reason for china to say in any way that it needs to, to stop doing, you know, to, to change its position. so i think we're going to have some real, it's going to be a political and an economic row. so it's basically the situation that china's relationship with the rest of the world is kind of whatever china wants it to be. it is, and i think that's, that's basically,
i don't know how if people have kind of realize that this is happening, you know, in a way that, that's what we're seeing now that china is just saying you can say what you want about change young, but we don't consider in general problem, and it's up to you to deal with it. so i think the pressure is going to come back politically. it's going to be a political story. and i think that's, that's where we're going to be this year. ok, clifford cain and thanks for keeping an eye on it for us during 2021 and i'm sure you will continue to join 2022 as well. staying with china and cities like hong kong, shanghai, and shen gen have some of the most expensive real estate markets in the world. was residential prices. sometimes dozens of times higher than the average household income. and rising beijing is fighting and expanding property bubble above beijing's glittering facades shine proud symbols of the chinese economic miracle. the people who clean them though, live in the basements of those buildings. people like one cham wrong blue.
she is a so called ai, one of 1500000 housekeepers in the capital. i've been living here for 7 years to one cham wrong lives in a small storage room. it's green and dry and above all, it has a bit of daylight. above her is the 1st class apartment complex. renting in apartment fair costs around $2500.00 euros a month. one chung rung could never afford that. she works 10 hours a day and earns only $670.00 euros a month. oh, no matter how much you wish for something, it won't make it come true, emily. hi, sancho 3. as long as i can earn a living and put a little money aside, i'm happy. so high school rules, those with enough money on the other hand, are greeted at the front door by the sound of violins. tongue. rito is a real estate agent and shows us a 325 square meter luxury apartment,
which goes for 5000 years a month. the 6 room still need an occupant but remain empty for now. her making many people preferred to buy single room apartments which are located on the outskirts of the city that was on fire for her to lay off. the credit conditions aren't favourable at the moment. her, that's why a lot of people can't afford big apartments like this tremendous ya. the apartment looks like a museum gathering dust. the corona virus crisis hammered the real estate market to the point of collapse. pung, rusito has been looking for occupants for months now. in august we still sold more than 10000 apartments, but in september it was only 4000 real estate sales or vital to china's economy and account for around 25 percent of the country's g d p. but the housing market has been derailed and it's causing real estate companies to go deep into debt. now the chinese government starting to step in and take control of the sector
next, it's now a year since brecht's. it took full effect and the u. k. left the ease cinco market and customers union that came with predictions of disaster for the british economy . but 12 months later, how has the country coped in december last year as grin readied itself for a hard brag that prime minister boris johnson addressed to parliament in his typically confident style? absolutely no doubt that from january the 1st this country is going to prosper, missouri this year. but the reality is the country's woes began almost immediately. britain's chemicals, electrical equipment, machinery, metals, minerals, and textile sectors became hopelessly entangled in the trade deals, so called roles of origin. any goods arriving in bra and from abroad, and then exported into the e you incur accustomed levy and britain supply chains rely on
a vast number of parts source from outside the european union. thousands of trucks trying to exit the u. k. were tied up in the red tape. there is no good in this situation as it is for me and too much you piper walks too much way words all the time is late and this is not, not good. then in september the u. k. is petrol palms ran dry fuel deliveries from the e. u stalled. in a shortfall of european drivers who had left britain contributed to the perfect storm, the results, national shortages of foodstuffs and other retail products. independent economists expect the u. k. is gross domestic product to drop by poor percent. as a result of regs in the coming years, exports have already fallen. where as e u country to actually expanded their exports to the rest of the world, the u. k. has not, we've been performing very badly. so in that sense,
at least so far, at least break it has, has clearly failed to deliver. so far, the british government has not been able to deliver. it's brags that promise. that's why some holes show 60 percent of britons believe brags it has done more harm than good malice. got more on this from our reporter daniel went to hi daniel, the u. k. they're just saying, let's face a lot of challenges over the last 12 months. but how does that compare with all the predictions? well, rog, as you probably remember, boris johnson promised sunlit uplands when it came to break it. but now it seems that britain is facing more of a winter of discontent. now i tried to find what the positives were, the upsides, and we're in this whole post breaks it era, but it seems, there are some, you know, some of the most dire predictions didn't come true. the pound took a bit of a beating at 1st, but then recovered afterwards. and the city of london is not currently a shadow of its former self. and all of the issues that britain has faced
a merely teething problems. the prime minister would say, however, it's not are impossible to escape the reality that britain is not yet, and has no visible prospects of becoming a singapore on the eastern atlantic, which was partly the vision. i mean, we've seen that and imports and exports have been a huge headache for our businesses dealing with britain or from britain and with imports and exports dropping about 16 percent. and it's even worse for services though with the u. k. trade policy observatory saying that imports and exports of services to the you have dropped 37 percent. so one saving grace for johnson is that covered has obscured the full impact of bricks. it but, and it seems that britain's hadn't got what they were promised yet. okay. daniel winter, thank you very much. and just finally a you stocking up for the new year. there may be many things already on your shopping list. drinks snacks, party decorations. but how about
a bit of luck to in mexico city. people are getting ready for 2022 with some help from local shamans. and also picking up a few lucky charms to the shop to say it's critical to get rid of all negative energy in time. the new year dr. a tumultuous 20. 21. you can blame that's all for me and the business team here in berlin from all from us to add to our website. d t v dot com slash business. you can find us on facebook to joe next time ticket. ah, he go india miles bully shrug is becoming a super plans hello to pay
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