The talk about reform in beijing of course like everything coming out of china should be taken with a great grain of salt everyone knows that the president of china talks about a more open economy the reality in business looks quite different thats the same with the Growth Numbers coming out of china china has a long story and history of doctoring its Economic Data but the mere fact that for example this data more or less comes in line with what had been predicted by the government in beijing is reassuring for markets and we have to live with that i guess who come on lets have a listen in to one investor hes based in beijing and had some very interesting things to say about as far as access goes for foreign firms in china. Well weve
heard these these talks and i think all those who are holding the speeches especially the governor of the central bank are probably convinced that thats the way to go but what we see on the ground is that Reform State Owned Enterprise reform is not happening actually at the contrary were creating more and more gigantic monopolies like a railway or in shipping. Theres increased pressure to repatriate date therefore Foreign Companies in order to have them all in china you have issues about the car market where you have none protection i mean you have more or less protectionist measures were going to be implemented so all this is very worrying and the mood of our foreign businesses has turned from eldorado to a more much more complicated situation so conrad are we going to be left with a much more complicated Global Financial structure if chinas in control. That was tough talk from the man on the ground invading and i guess that we should rather see corporation with the chinese of course nobody wants to china to be in control nobody wants a state like George OrwellsOne Thousand Nine Hundred Eighty Four governing the rest of the word but what choice do we have we have to see corporation and talk carbos in there in frankfurt thank you very much another nation under pressure to reform is france president obama core signed his contentious Labor Market Reform into law last month it aims to drive down unemployment by making it easier to hire and fire trade unions call it an attack on workers rights or to businesses think. Here in the heart of paris guy tommaso works tirelessly all day every day
washing painting and repairing to ensure his business is a success. So teamed up with two other friends from the suburbs to found a rather original kind of start up a Sneaker Care Service mazower expects a man or woman called selection as the new president of france to give his business a boost. Supports young entrepreneurs in school i always got the impression that i was expected to just find a job and subordinate myself to some bosses but my caller said dont look for a job look for customers. With you know. Hiring staff to service sneakers is expensive plus getting into a conflict with employees can seriously harm a Small Business operation. French labor laws are very employee friendly and it makes it almost impossible to fire them. Butcher session for
example has lost several court cases against staff now hes much more careful. Oh my goodness you dont think its as if youre married to them. And its hard to break up one of them. Every time you have to pay significant compensation and ensure that they get Vocational Training that they dont play you thats a major burden for a Small Business i think if you put the point that you dont focus well. But the unions insist on the stipulations if Labor Law Work to be softened they say Big Companies would exploit the situation to hire younger staff and. The unions are concerned that my call is a big to business friendly. And all will be long wants to exempt Big Companies from having to report profits are under broad that means they can
declare french profits by a branches abroad it isnt difficult then they say theyve made losses in france so they can fire people and then employee is it will be unable to go to court to demand compensation that i bought the football he plays. Guitar has never wanted to work for another company hes part of the Young Creative and hard working friends that president might call envisions and that more and more french people are identifying with. All those sneakers of my business. Quadriga next on d w. Every journey begins with the first step and every language with the first word published in the. Rico is in germany to learn german why not learn to spell simple online on your mobile and free to suffer from d w z learning course nikos german made easy. Sustainable protection for the earth ideas designed to preserve our ecosystems they exist around the world. Global ideas takes the next step protection for our planets biological diversity trailblazing projects