Is the only of the country making such complex chips. South korea, the manufacturing of these chips is so complicated that the production processes are extraordinarily hard for other countries to copy. Ty, ones Tech Industry has helped it become rich with a g d. P per capita of over 68000. 00 more than 3 times higher than chinas with its large, but mostly poor population on the wall street journal. Ever but the islands, long term future under chinas shadow is uncertain. He. Beijing sees the visit as a provocation. So investors and Security Experts alike or alert to anything that could tip the balance in the china, taiwan rivalry from all. Lets bring in joyce lee in taipei. What are the immediate local economic consequences of nancy pelosi visit . So china has a long history of punishing other countries by cutting them off from its market following policies, visit china. Beijing has suspended in poll itself more than 2000 foot products from taiwan, including te, honey, and safer products. In the past, china hits single products from the primary sector, such as a specific fruit, all fish. But this time now targeting process for as to the potential damage could be a sizable, china is tie ones largest trading partner with bilateral tray of over 300000000000 dollars last year. And keep in mind that tie one is holding a logo election in november. Ah, where photos typically focus on no co economic and social issues. So chinas band could we can tie ones ruling party d t p in the coming election. So tell me more about the chip industry because i know the you with is pushing to become more independent from taiwan. China to has its eyes sit on that chip, making industry is very lucrative and essential to so many different sectors. Where would that leave tie one if both the us and china add to its biggest customers become more independent . Well, china has attempted to develop its own semiconductors, but they simply dont have the knowledge about the delicate process of chip making a meanwhile, making chips in the u. S. Is just too expensive. So tie, wants to talk over shows, had said that theres 0 chance that the Semiconductor Industry could be hollowed out and relocated to the u. S. So for now, taiwan is irreplaceable. You had for joyce lee. Thank you very much for filling his him with the latest they from taipei, germany. The export has have logged strong growth in the 1st half of the year despite the effects of the war statistics. So exports of goods increased 13 percent compared to the same period. Last year, reaching more than 750000000000. 00 euros imports grew to the value of 26 percent to 722000000000. 00, driven by the growing cost of energy payments. Colbert joins as from the association of german chambers of industry and commerce. Better than expected search there and records nets, despite the warranty grade and the pandemic and supply disruptions. How should we read the numbers . Well, to be frank, are our expectations for the german exports have still been quite dampened over the last couple of months . And while the latest figures now may seem positive at the 1st glance, it is clear that a lot of these increases are actually due to price increases. And, and thats really a pity because, you know, german exports with a ratio of 50 percent of the term g. D p means that every, every 2 percent increase will translate to one percent increase in g d p. And so, so these exports mainly and imports increases mainly being due to price increases means that in real terms, Foreign Trade is stagnating, which is not normal for germany. So that doesnt leave really much of this export growth at all, and germany is on the edge of a downturn. What would that me . Well, the headwinds for German Companies that are internationally active. They are really increasing. They have been increasing in many ways, we have seen the imported inflation, especially with regards to energy prices. Also due of course, to the the changes of the Exchange Rates weighing heavily on germany economy. You know that one in 4 jobs actually depends on Foreign Trade and industry. Its even every 2nd job. Also, we have huge issues regarding to supply chains. Also the war, the russian war and the ukraine, and still strict comment 19 rules in china having a big impact on drums supply chains. So this is actually very, very difficult environment for germany. Companies that will not go away quickly. So we expect very difficult month for german Foreign Trade. How worry would you say members in your organization are about these supply disruptions continuing about the rising costs continuing and these tensions in. So i want well, to be frank, our companies are very worried and thats across the board should look at different sectors regarding transportation for example, we still have the issue that the containers are where the ships arent. On the cover 90 in lockdown in china, they have effects that will still continue for a couple of months time. So even if we have companies that have orders that could actually produce a some of them or cant actually produce because one of the main screws is missing. The same is true for the energy prices. Thats really a matter of international competition. T of compet competitiveness ness for, for a lot of German Companies. And these had winds. And you mentioned that to your political risks. We have seen them increasing or a long time. And it would be very important for our companies that these geopolitical tensions, especially in asia, where we have Major Trading partners that would be reduced. And instead we could move forward to a more stable multilateral rule based systems are better trading relations with other countries. And also our governments to help reduce trading barriers and improve trade ties with you trade deal, some of our Major Trading partners like in markets or in india or in indonesia. Ok, were going to have to leave their claim in school by his director of the trade policy at the d. I h. K or association of german chambers of industry and commerce. Its been a week since ross is gas from reduced deliveries to germany. Again, 3, they know, 3 pipeline to 20 percent of regular flows this time, most probably because of germany, support of ukraine. Moscow blames maintenance and waste and sanctions. But german chance load up show its, accuses russia of deliberately blocking the delivery of a turbine for the pipeline in germany after being repaired in canada, inspecting it showed set the turbine is now working and ready to use. Once russia requests it, he says rushes claims of technical problems and credible, and so guess customers to expect more restrictions. The steepness invito cons, nothing stands in the way of forwarding the turbine to russia. Wilson, except that the russian customers have to said that they want it up born and that they provide the necessary information to customs. Wasnt on all other than premise have already been cleared. It is pretty simple. The turbine is here. I can be delivered. Someone simply has to say, i want it, this was no human, sorry. Its marked to hob, the german chancellor there. Well, i recently caught up with my ukranian cousin again who made it out of the country a few months ago and has been busy trying to set up a new life here in germany for his family. Is learning the language bit by bit. And i was surprised asking about work when he said he still got his old job back home as he can to everything online. Large parts of ukraines economy have been destroyed, but not the i t sector is another example void. Its a few last edits for darya minutes before shell take the stage and then networking meeting. Shes one of many ukrainian i t specialists working from berlin these days since their full scale war started the new crane. Unfortunately, i was too scared to live in my country since i can barker more player and her. Yeah, i think i can be more productive from the safe place than from like dangerous one. Shes not alone. The german ukrainian organizations feature has brought dozens of ukrainians start up employees to the networking event we want to connect ukrainian and the german people and also to make people aware that her ukrainian companies, they are really cool. They are innovative and with them people and companies in europe and in berlin specifically, they could work and cooperate. Re face is one of those ukrainian companies. And its app has been successful internationally. On stage darya talks about how the startup found its own way to support ukraine during the countries war against russia. Barrington is the truces. I wont stop after destroying ukraines independence. My muster plan is to restore the soviet empire parts a few grains economy will likely collapse due to the war. Its g d, p haft, thats according to i, m f. Estimates. Industry and agriculture are devastated. The booming i t sector however, remains mostly intact. It could be an important pillow for the country. Many Companies Including re face, had to restructure amid the chaos, but theyre still successful. Ill tell them i really hope that the results of our i to in the state and our stop so that we can work remotely. And we can be active, unproductive. Nevertheless, re face has become one of the most popular apps and the u. S. Says that most of its users, however, likely dont know that the companys headquarters lie in war torn ukraine. Nice doing business with it. Ah. With a. Is it just a sanctions loophole . Or is it harold in a new era . Explores new trade with because western ports are close to russian freighters. The route from st. Petersburg to buy is now much faster. Is the war you create a game changer for world trade made in germany . 90 minutes on d. W. A. Is a journey across the entire continent with a variety of cars. So with this, so all the focus, the move and shake is visionaries and make it when body the meaning of modern africa is actually starting august. The 5th on d. W sometimes proceed is all you need is to allow big ideas to grow. Were bringing Environmental Conservation to life with learning packs like global ideas. We will show you how Climate Change and Environmental Conservation is taking shape around the world and how we can all make a difference. Knowledge grows through sharing and download it now for free. Love has no limits. Love is for everybody. Love is live. I love matters and thats my new podcast. Im evelyn sharma. And i really think we need to talk about all the topics that north divides and denied that. And this i have invited many deer and well known guests. And i would like to invite you to an end ah ah, this is dw news away from berlin us. How Speaker Nancy Pelosi leaves taiwan as tensions with china rise policy to part time pay after promising to help boost the islands self defense. The high ranking visit to prompt fury from china, which responds with military drills also on the show. Infection complete a ship carrying ukrainian grain is back on its way after passing checks in turkey, under a deal with russia to restart exports. Ukraines president s as one rattled isnt enough