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tv   Business - News  Deutsche Welle  December 31, 2021 5:15pm-5:31pm CET

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meaning in the new year, australia's largest city sydney was among the 1st to welcome 2022, drawing thousands of revelers to watch it's famous fireworks. despite record numbers of covered 19 cases. you watching t w news from berlin up next. we got business for you with rob watts from me and all of us here at dw. thanks for watching. ah ah, we got some hot tips for your bucket list. ah,
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magic corner chat up spot for food. and some great cultural memorials to boot d w, travel off we go. what these art ah, homework of civilization, a reflection of our society, a spiritual awakening. passion, an entire universe of culture, a new episode, e tweaking part $21.00 on d, w. mm. ah, what does the 2020 to have in store for chinese trade?
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this year is seen rising tensions between beijing and the likes of the us, particularly over alleged human rights abuses in chin. jang will discuss how chinese relationship with the world is changing. as property prices in chinese cities saw to become among the highest in the world. we meet some of the winners and the losers. i'm 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's in 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 owners on businesses to prove their supply chains are free of forced labor. it accuses china of
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persecuting shin, jags muslim minority, weaker population there in turman 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 of course and uproar in china. meanwhile, the upcoming winter olympics in beijing are 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 air 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 our resident china, water cliff at karen. and so that's how things are playing out, particularly of a shin jang, between the u. s. and china. but what about europe? and china, well, it's interesting, rob, i mean,
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a lot of things seem to be coming together right now. i mean, a lot 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 a 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 unclearly. 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 fresh 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,
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i think china is still really wants the technology that european companies can offer, particularly on the, on the industry side. 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 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 or 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 going to have to make a decision about this. and, and it seems that they haven't really done the due diligence. so this decision might, might come during the course of 2022 by mid. how, if you can get your crystal ball out and predict this for as,
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how is his relationship with the world gangs change over the next 12 months? well, this is, you know, obviously looking at 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'm dialogue with china. why we're trying to be just 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 hope to maybe offshore 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 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.
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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, that's what we're seeing now that china is just, are 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 can and thanks for giving it 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 sion jan 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. they chang 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,
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people like one cham wrong. she is a so called a i one of 1500000 housekeepers in the capital. i've been living here for 7 years. boone 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, william. well, hi, cynically. as long as i can earn a living and put a little money aside, i'm happy so high. she would. those with enough money on the other hand are greeted at the front door by the sound of violins. tongue. rito is
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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 they are making money. people prefer to buy single room apartments at which are located on the outskirts of the city that was on fire, parental ha ha. the credit conditions aren't favorable at the moment. her. that's why a lot of people can't afford big apartments like this remembered shya. 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
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debt. now the chinese government is starting to step in and take control of the sector next, it's now a year since breck sits, 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 britain ready to itself for a hard, greg, that prime minister boris johnson addressed parliament in his typically confidence dial. absolutely no doubt that from january the 1st this country is going to prosper. my to miss. yes. 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,
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and then exported into the e. u. 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 paper walks too much way words all the times. wait, 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. gross domestic product to drop by 4 percent as a result of regs, it in the coming years. exports have already fallen where as e u country to actually expanded their exports to the rest of the world,
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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 its brags that promise. that's why some whole show 60 percent of britons believe brags it has done more harm than good. let's get 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
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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 possible 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 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 on bricks. it but, and it seems that britain's hadn't got what they were promised yet. okay, daniel winter, thank you very much. i'm just finally a you stocking up for the new year. there may be many things already on your
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shopping list. drinks snacks, party decorations. but how about a bit of luck to in mexico city. people are getting ready for 20. 22 with some help from local shamans are 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. the complainant and so 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 next time ticket. ah, that he was there with love via banning thing with them
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away from us, but i'm not going to have to was my own car and everyone with later holes and everything getting, are you ready to meet the german can join me, rachel stuart on d. w. ah, the internet knows all it's creatures for everything and we digitize everything. the hot commodity in this global experiment. our data, smart devices are embedded in our daily lives, trutina, where every move, the internet of everything starts january, 17 on d, w. a. you're watching d, w, and he is asia coming up a special edition looking back at some of the most compelling stories from the region this year.


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