Skip to main content

tv   Business - News  Deutsche Welle  January 13, 2022 2:45pm-3:01pm CET

2:45 pm
foreign investment in the country took a leap up last year. we'll discussed why taking responsibility for destroying the world's forests. environmentalists say major businesses are doing little to nothing to tackle deforestation is the state of your business on robots in berlin. welcome to the program. the world's investors are increasingly turning to china. beijing says foreign direct investment into its economy jumped by almost 15 percent last year, topping $180000000000.00, but 2020 to another. rise is also expected, not least because china took another small step on january, the 1st loosening foreign investment restrictions in the auto sector. however, curves do remain in many sectors. let's discuss this further with jacob gunter, who's china, economic policy analyst at the ma cater institute for china studies or merricks.
2:46 pm
thanks a lot for joining us on the to be a business. can you just explain to us why we are seeing more overseas companies investing in china? yeah, thanks for having me on. i think there are 3 main reasons why we're seeing this. the 1st is just from a basic portfolio perspective. companies are going to put money where they're seeing good and resilient return on their investment and try this handling of the pandemic. and how that allows trying to sort of, you know, remain economically quite strong overall compared to the rest of the world. meant from portfolio perspective, investment, mid cents. the 2nd is, as you alluded to, we've seen some steady increases and market access over the last few years. and companies are now able to take advantage of some of these areas like motor than chemicals and a few others. we've seen some steady increase in investment, but i think the 3rd and probably the most important reason is that companies are really looking to onshore their supply chains and their technology change as much as possible. and what we've seen from the european chamber of commerce is annual
2:47 pm
survey, is that about 5 times many companies are unsure in their supply chains as aren't looking to offshore their supply chains. and the reasons for that is that you, you see the frictions between the u. s. and china, in terms of the trade war in the technology war. but you also see a big push from aging to localize and securitized as much as they can, their supply and technology change and foreign companies are basically responding to that. in many ways, they're sort of looking to create self sufficient operations in china. so while this window of opportunity is available, i think you can see more for the investments to, to build those secure supply chains, but to foreign companies, look at what's been happening in china and aging crackdowns on, for example, the domestic tech sector property sector did not see that and, and worry about it. yeah, i think i think that worries me a certain degree about it. the, the important question is whether or not you bring some sort of value to,
2:48 pm
to china. that is suitable with national strategic interests. if you have a certain kind of technology that you know, a chinese somebody can't produce been oftentimes beijing will roll out the red carpet for you. so i think there's a lot less fear that these crackdowns will ultimately come to foreign businesses. of course there are certain sectors where that's not so true. basically anyone in telecoms and network equipment and services and software and things like this. ringback i think they're a lot more afraid that cracked on will come their way, but otherwise i think they do things like the real estate crackdown is general growth concerns, but not necessarily something specific to that rise. that remains very different doing business as a chinese company in china than a foreign company. the jacob going to for thank you very much for bringing is your insights me on. now people in many parts of asia are gearing up for the lunar new year on february the 1st, but many businesses for him, the holidays,
2:49 pm
usually a massive money making opportunity. the current of virus restrictions in place mean that some of them who struggle to earn as much this time round. it's a busy time for the workers of the incense village on the outskirts of hanoi. they're busy dying, drying, and whittling bamboo bark to make the fragrant sticks that are sold throughout vietnam as well as china and many other asian countries as they welcome the lunar new year. but as hard as they work, business is down 30 percent and it's not due to a lack of demand. now, the corona virus restrictions are making it difficult for our trucks to get around . we're having trouble shipping our products. normally there would be lots of trucks carrying our products to central and border regions. and even beyond me, i got my own i. last year vietnam's businesses were seriously hit as almost the
2:50 pm
entire country went into a lockdown for more than 3 months. this year things have improved somewhat, but supply problems remain among them. this traffic jam of thousands of trucks at the border with china. beijing has tightened. import rules as covert 19 case number's rise. ah, what you got going to all of us here in the village are just hoping that things will return to normal and soon who knows? but it's unlikely to be soon enough for the festive season. then the fragrant sticks are used to temples or burned on ancestral altars at home, in hopes of good fortune ahead. now they are essential to life on earth, but environmentalists say the world's forests under threat from the inaction of corporations for its cover almost one 3rd of the land area of the planet ecosystems are critical components of the world's bio diversity. all those animals
2:51 pm
and plants, and of course their trees produce oxygen while sucking in carbon dioxide emissions . however, it's estimated that since 199420 1000000 hectares of forest have been lost through conversion to other land uses. that is an area, the size of the e. u. agricultural expansion is the main cause of that large scale commercial farming accounted for. 40 percent of tropical deforestation between $22010.00 vast amounts of land of being cleared for grazing cows or cultivating soybeans. and also palm oil. well, at the climate 26 summit in glasgow, the cop 26 summit were leaders agreed to end deforestation by 2030 but a report published today. so the majority of companies who could be doing something about it or not. but we can now speak to nikki mar, desk from the environmental organization, global canopy, which actually published this report as 1st up. thanks for joining us. can you
2:52 pm
explain to us what your conclusion was from your research? well, thanks very much for having me on road. so the 1st 500 report published today shows the business and finance of failing on deforestation. i mean, that's the quick take home message, and that's contributing to climate change of the say by diversity. lawson impacts on community is worldwide. so our report looked at the $350.00 companies most linked to the commodities that you mentioned that dr. d. for our station $150.00 biggest financial institutions and we're seeing that still after many years of pressure and claims of action, we've got one 3rd of those companies. the world biggest in this regard who have no policies or tool ignoring issue major food companies like tal is the world's biggest. she's made her fashion houses well known fashioned houses from t k max with the versace. and then we look at financial institutions and we see an
2:53 pm
even even less engagement. so 2 thirds this report shows of financial institutions including 3 of the world's biggest, the biggest investors have no policies on deforestation. and collectively they're putting 5.5 trillion into these high risk sectors. that's twice the g, d, p of. but if i could just to interject, why do you think the owner should be so much on the corporations rather than the government that control these jurisdictions? this is a we have collective responsibility for, for all of this, it was saying that these products end up in 50 percent of the products in our supermarket. so we're all part of a global deforestation economy. and you mentioned up 26. what was encouraging that is that we saw an agreement between $140.00 plus companies representing 90 percent of the world's forests, but also consumer markets. china as well. the biggest market for the, for
2:54 pm
a station products made a commitment, the e u and others. and we're beginning to see louis coming into place that will put pressure on companies and make it mandatory for them to understand the issues and report on them. so it doesn't all fall on the companies. but the reality is that the company's the playing a critical role. and what we see from today's report, they're not stepping up and doing enough. and what a company is telling you briefly, if you can about why they're not acting as much as you would like them to be. well, i think it's been, you know, this is, this is complicated. so we hear that there are issues around transparency, the complexity of supply chain. so if you're a retailer in europe, for instance, you've got to get visibility down your supply chain. so we're not asking for magical solutions, but we are saying that companies need to engage with their suppliers. awesome to ensure that they're not. they don't have deforestation their products and then be
2:55 pm
transparent about what they're finding out so that we can see who's taking action. so really recording for transparency, accountability, and a stepwise approach to taking action. okay, came out us from global kind of a thanks for joining us on to business. thanks so much. not some of the other global business stories that are making the news. the number of piracy attacks dropped by a 132 in 2021 to the lowest in 30 years. the international trade organization, the i c. c says that due to more military vessels in the gulf of guinea, but $57.00 crew members were still abducted in the piracy hotspot last year. u. s. inflation searched 7 percent in december compared to the previous year. the highest rating almost 40 years was driven by food housing. i've used cars, surveys show inflation is starting to displace the corona virus as
2:56 pm
a key. key concern for the public. volkswagen says it's had to shut down to factories in china due to coven 19 outbreaks. this comes after the german comic as a globe with deliveries fell 8 percent due to production constraints caused by the ongoing semiconductor shortage during 2021. now at the beginning of december, brazil, as president job also narrow said he would make sure that fuel prices went down. just the opposite has ended up happening. and now unrest in the south american country is growing. filling up the gas tank is getting more and more expensive. the state owned energy company, petro boss, has raised gasoline prices by 5 percent and diesel by 8 percent. that's fueling the already high inflation in the country. another i've actually gasoline has gone up. everything's going up. when will it end market? if petrol increases, everything else increases to what can we do?
2:57 pm
nothing because business is tough every day it's getting worse about a jacket political your. this is due to the rising oil prices on world markets, but there are also regional factors. for example, the worst drought in decades put brazil's hydro power plants out of action. electricity prices exploded as did food prices. then came devastation from heavy rains by the end of the year, inflation sort over 10 percent. for many families, it's becoming even harder to make ends meet. it's an alarm signal for the president with elections in the fall. both scenarios poll ratings are falling. after all, his predecessor lost her post due to the desolate economic situation. not so from us. good bye. ah, ah, ah, with
2:58 pm
ah, ah, me. crisis in turkey is hitting them especially hard in one of his temples, garbage collectors. every day he hunts for recyclables to receive a mere pittance in return. and now the recycling operation has an outsourced to large corporations at the worst possible time with disastrous consequences for emma focus on europe. in 90 minutes on d. w. ah, the internet knows all its creators,
2:59 pm
warranty everything and digitize everything, the hot commodity in this global experiment. our data, smart devices are embedded in our daily lives tracking i work every day. are we headed to a futuristic utopia, or a digitized nightmare? the internet of everything starts january 17th on d, w. ah, well, go to the dark side where intelligence agencies are pulling the strings. there was a before 911 and an aftermath, 11 pieces after 911. the clubs came off, were organized crime rules. were conglomerates make their own laws? what's true,
3:00 pm
what's big? it doesn't matter. the only criteria is what we'll hook people up. we shed light on the opaque world, who's behind benefits. and why are they a threat to us all? oh, peak worlds. this week on d w ah ah, this is the are we news live form berlin landmark torture trial. a german court finds a syrian officer guilty of crimes against humanity. the verdict sends
3:01 pm
a former secret service officer to pro.


info Stream Only

Uploaded by TV Archive on