30th anniversary of germanys retreat. To 30 w. The people of the world for g. W. On facebook and twitter up to date and in touch. In. Taiwan tells china to back off a major growing military tension in the Taiwan Strait whats this conflict mean for the time when his economy and the Global Supply of computer chips its all to authors on that in taipei to find out more. Also coming up delivery euro wants to make it big in south korea but sols restaurants are not exactly waiting for the. And delivers that. Element to get jones and this is the business good to have you with us tensions between china and taiwan are heating up china claims sovereignty of the small island and the stepped up military activities in the air and waters around it taiwan is determined to resist the pressure and demands china back off the saber rattling also has economic implications taiwan is a major source of computer chips for the global economy. The world would grind to a halt without taiwans computer chips theyre inside t. V. Smartphones computers the globes producers rely on a small island Electronic Component supplies most deliveries go to china which regards taiwan as a breakaway province under its one china policy but recently tensions in Taiwan Strait have reached heights not seen in years. On tuesday the islands president saying when inspectors an air force base a clear message address to beijing. Was about marriage we have to deal with the provocation of Peoples Liberation army fighter jets surrounding taiwan and disturbing the peace situation makes their defense duty and paying whoever is more difficult but i have faith in every individual that every one of our well Trained Air Force brothers and sisters can carry this heavy responsibility. The u. S. Stands firmly behind taiwan in its dispute with china recently supplying it with sea mines drones and air to ground missiles worth 7000000000. 00 thats partly because taiwan is such a global trade heavyweight alongside south korea and japan its a mainstay of world microchip production making it strategically important for western economies besides that though taiwan is a functioning democracy that makes it a thorn in the side of beijing because it is living proof to Chinese People that their. One of the successful political systems in the region. Of about lets bring in our correspondent in time paid so high and sue and here in the studio with me my colleague and china expert cliff it couldna cliff it id like to start with you because what we see here do you think that taiwan could be a 2nd hong kong what is china well i think the short answer is yes it could become another hong kong what weve seen with the National Security law in hong kong is kind of a blueprint almost for what could happen in hong kong for a start in taiwan for a long time the Chinese Government is playing a very. Conciliatory row trying to move taiwan and that hasnt worked just as in hong kong the 2 to one country 2 systems model was held up as a model for taiwan but now we can see that its theres a lot less carrot and a lot more stick and of course as you mentioned all of this has been going on for quite some time that the timing is quite interesting well talk about but in a moment but so. I mean the one thing is the military tension but what are the implications for the economy how important is china for the taiwanese economy both as a business and trading partner. Well china is now as number one trading partner and how as exports are highly dependent on china the percentage of the goods to china hong caught in a macau rose from 37 percent in january to almost 45 percent in july so thats what makes taiwan Economic Growth the 1st among the 4 asian tigers the hong kong korea and singapore and its really hard to tell a not to depend on china right now because china is probably the 1st country to recover from the pandemic but experts believe that the threats of war from china will further push taiwan to the u. S. Thats also an interesting point and that maybe that is what investors are betting on because when i was looking at the markets tie when the shares would down but nothing dramatic on the other hand we saw the taiwanese dollar reach a 7 via high. Spooked how is all this connected. Well its probably odd and sad to say that tony simple are used to it the threat has to be in there for more than 70 years and there were times when tension was really high and china fired missiles at the senior taiwan but this time at least until now only warplanes have flown close to taiwan so the market still Stable Currency stable and the housing prices are still very high. Thank you very much so hans sue in taipei a woman question for clifford and its already mentioned how taiwan is drifting closer to the u. S. Whats the role of the u. S. Here we do know about this big jobs deal that thats going on. Is taiwan going to be a poor one in the u. S. China trade war to lessen please well i think it its certainly a player in the in the trade war and that its its benefited very much from the fact that those restrictions on trade with china and the microchips have been a particular recipient of the u. S. Is about to protect china if there is a conflict the promise was made 70 years ago somehow mentioned. But increasing going to trump as a sign that it could do so were entering a very phase where the geo political dynamics of whats happening in the region its always been a flashpoint in the region are also taking on very strong economic. Tones and so Going Forward we could see the u. S. Showing much more support for taiwan and i would have big implications for the economy in the region well and with about half a minute to go just to hit briefly cliff do we have to be worried now about computer chips applies well i think the fact that taiwan is such a big player in the chip Global Market that its able to move things incredibly quickly so i think that it has it i think for the time being were probably safe but its always something were going to be watching very very closely right Clifford Kuhn and as always thank you so much for your time and your expertise. And i just some of the other Global Business stories making news tesla is working on new Battery Technology c. E. O. Even musk says this will enable the company to make sleeker were Affordable Cars that can travel dramatically longer distances on a single charge denouncement didnt impress investors though tesla shares shed more than 6 percent in extended trading. The International Air Transportation Association wants government to speed up the development of rapid virus tests a lobby group says developing instant tests which can be administered in airports is key to protecting passenger safety and restarting the stalled airline industry. Jimmy chemicals giant b. S. F. Is planning to cut to 2000 jobs in its newly created Business Services unit company is sitting on a nearly 900000000 euro loss for this year due to falling orders from the automotive industry. A 4 weeks ago for Delivery Firm delivery hero join to the index of germanys 30 biggest listed companies a move that was nothing short of a small revolution shaking up the dax thats normally home to industry giants such as siemens or fox but delivery year 0 is focusing on emerging markets where it sees the biggest Growth Potential but success is not a given theres a report from south korea afternoon in the south korean capital seoul and tay hunch is getting ready for the evenings business his japanese restaurant has been open for 5 years its very popular and normally its quite full even this early in the day but its been empty in recent months the core of the project because of the number of guests coming here has fallen because of the coronavirus pandemic but only customer numbers have doubled. 30 percent of his restaurants revenues now come from Online Customers and the people who profit the most from that are the own line Delivery Services who deliver a core years on scooters and now a permanent feature of seoul now the sectors market leaders there have been facing competition from germanys delivery hero since the end of last year. With all. From what ive heard delivery hero can really gain a mono police here so far weve not had any problems so it hasnt really affected our business. Delivery hero wants to work at tehran sheen but his restaurant has to pay a 12 Percent Commission on orders thats higher than the market rate so the question is will he take it john you only use small car the restaurant is a few metres further along the street he works with 3 leading online Delivery Services that generates 70 percent of his revenues the delivery here all south korean subsidiary chain yogi all takes the highest commission by far so the thought of delivery here on the rolled to becoming a monopoly upsets him. Jimmy. Is uncertain so far weve worked with the regular systems but there will be structural shifts we Restaurant Owners believe our future is under threat. No matter what they promise us now i dont know if we can really trust them well just have to wait and see right now its all in flux and that worries us. The delivery of koreas arent as badly affected by the changes its a small restaurants most of them arent directly employed by the own line Delivery Business they work for 3rd Party Companies like park does. You can see all the orders from restaurants here that use delivery apps i could be i mean or your it all comes to my smartphone. Parks been working in the Delivery Business for 5 years taking 40 to 50 orders a day its a tough business im good at are you know we will we work in 3 shifts up to 16 hours a day and our company has 152200 riders. There which you know that you being able to do. Is deliver a hero aware of the working conditions in 3rd Party Companies the firm hasnt made a good impression on tehran and his coke so far so they decided not to work with a german company. Facebook is under pressure over how it handles the data of its more than 400000000 european uses Court Documents detail the companys objection to a concern to raise concerns raised by Data Protection authorities in ireland but the company has its European Headquarters at present facebook transfers information about its european users to us irish regulators via the Us Government could use it to spy on europeans. And just a quick reminder of the top story this hour. Tensions between china and taiwan are heating up china has stepped up military activities while taiwan denounced china back also saber rattling as economic implications taiwan is a major source of computer chips for the global economy. As a Business Update thanks for watching. Foodways. Lady a leap out of the hard. Fresh fruits often end up in the garbage instead of the supermarket. That should change with appeal in the liquid that increases the soap life of food. Is this the way to avoid food waste. 3000. Next on. The use crime fighters are back with africas most successful radio drama series continues from olympus odes are Available Online and of course you can share and discuss song w. Africas facebook and other social media platforms to crime fighters tune in no. Sense a global 3000 this week we find out how young people in uganda attending their dreams into reality. We learn about a potential solution for global food waste. And we meet a photographer to document in the effects of Global Warming in the sahara
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