Hulu is a testament to the quality of the artisans waters. One of the many Success Stories from a bastion of biodiversity say dont starts november 18th on p. W with ah, a clash over taiwan, but cold war fears. Cool. At the g, 20 in bali, u. S. President byron and china. Jean ping warren to each other amid fears of a global recession. Also on the show, climate killer coal is back in the spotlight after russias war ukraine triggered an Energy Crisis. Well take a look at what that means for the planets and investment in renewables. Im christy plants and this is d w business in berlin, u. S. President joe biden and china gigi ping met in bali today to set what they called guard rails for future relations between the 2 superpowers. Tension between the worlds 2 largest economies have grown in recent years. As beijing becomes more powerful and more assertive about replacing a global order led by the u. S. The leaders engaged in 3 hours of blood talks and came away with a commitment to fierce but fair competition. Or for more on this im joined by Clifford Kuhn and his, our resident china analyst clifford. What stood out to you about these talks . Did we see these so called guard rails appearing . Well, i think we thought we had guard rails, we had red lines in the run up. We had all these terms that were flying around and utopia candid talks. And i think the big takeaways the communication lines are back open. I think thats my key take away from the whole thing. I think the optics were very good. I think she jim ping was smiling. They shook hands, which we didnt even see last week when chance are all shots visited beijing. It was there was definitely a kind of a, a warmth there. So the optics were very positive. However, the fundamentals havent changed. None of the things that are dividing the world to great super powers, economic super powers as well have actually changed. Theyre still divided on key issues such as taiwan, human rights and shinji, young tech, trans fair and semiconductors. And the other main issues dividing these, these huge economies. So still saying more the same there. I mean, talking about taiwan. Specifically, for example, obviously a major chip producer for the world Major Electronics producer. Weve seen more aggression from china when it comes to claiming that territory. The u. S. Also saying no, hold on a 2nd. When it comes to that, did we see anything in the talk about taiwan . What more can you say . Well, there was the 1600 word readout from the Chinese Foreign ministry on the talks. And taiwan was the absolute priority there that theres no, no change in taiwan china seas, taiwan part of its territory in viable and it, you know that the u. S. Needs to steer clear at the same time. This is an example of how geo politics feed into the economy, because this is the reason why the u. S. And china are strategic rivalries is because of these ideological differences. And these geopolitical differences feed into the economy because the u. S. Doesnt want to help boost the Chinese Military by giving it micro chips that are produced either in the u. S. Or through with allied taiwan. So its imposed these restrictions. So taiwan is a central issue in these talks in, in Macro Economic terms, just as much as there is a geopolitical issue. Now theres been increasing nervousness in the west about dependencies on china, for example, with photovoltaics. And the majority of those are produced in china did we see dependencies as an issue that was discussed today . I think hanging over these hang over these talks. First of all, theres the threat of global recession. I think thats the reason that the talks took place. And one of the things driving the possibility of a global recession has been the problems with supply chains with the supply chains because of covered and then because of other tensions, have faced a lot of difficulties, as weve all seen over the last 3 years at this point and so i think the dependencies is always a factor and when the, when these 2 superpowers me and they will have informed every sort of decision along with the further complicating aspect to supply chains. Which is, which is China Support for tacit support at best, for russias invasion of ukraine, you know, talking about supply chains. I also want to ask you a quick question about the 0 covert policy. Theres talk that china could be lifting that soon. Is that of them finally giving into financial pressure . What do you think . You know, i think the fact that everyone is worried about a global recession is, is forcing kind of decisions now from, from both from both cheating, paying and, and also from biden. Indeed, the fact that we had the talks, but also yes, theyre going to possibly start relaxing 0. Coven measures which have held the economy in stasis basic, you would very little movement, is also signs that china is going to start dressing. The huge debt issues that its facing the property market. So i think there are signs that both the worlds to the 2 World Biggest economies are going to try and get the Global Economy moving again. Clifford could and thank you so much. All the markets also had their eye on the talk today so far more that the 3 in teddy austria, new york teddy were investors also picking up on the warm vibes between biden and g. What were seeing from the market today. Well the markets actually were pretty choppy today. Wall street ending in the red. How much can we attribute to the talks between fighting and g . Well, we definitely saw some chinese stocks listed in the us do some rallying due to the renewed communications between the 2 countries. But also because of the easing of coven restrictions, which have over the past few years, really done some strain to the supply chains done some damage here in the united states. So that is some good news, but really the fluctuations we are seeing today have to do with interpreting some of the unintelligible fed speak we heard from earlier today. Theres lots of questions about the ease, the easing of the federal Interest Rate hikes. But there are more questions and answers at this moment. I was tell you, had yasser on wall street, thanks much for that. Well, on his way to the g. 20 german chancellor, all off shorts stopped in vietnam and singapore to gauge opportunities for german business. Germany wants to reduce its heavy dependence on, you guessed it, china and d. W. Richard walker spoke to siemens theo, roland bush, asking him whether germany needs to diversify its business partners. It depends on how you define, define it. If a diversification means during lesson china, instead of doing morrisons and others, i dont believe this is the right thing to do. I think its doing additionally more in other countries. The point is that if you will think about when you allocate earn and euro of investment or a dollar investment, and you added into an existing running machine on a big market, which is fast growing, the returns are faster than if you start in your, in your areas, new markets. So, but we have to acknowledge that resilience is also offer a price. So therefore it is both while investing now in new markets and diversifying. But on top, on top of what were doing, china. So for me, this is of the strategy or siemens are storing that you can continue investing in china. We want to keep or even increase our market share there. Theres nothing bad about its taking the chances we have. But at the same time, looking into other markets with a stronger focus and grow our business there too. But theyre having quite cautionary notes about china at this conference. I mean, the former australian prime minister, kevin rud, just speaking earlier today, talking about china and moving to the marks is left on the economy and to the national is right in terms of security or under she gym, paying, as weve just seen, at the recent party congress. What does this mean for a company like siemens which has significant investments in china . Young number one is um, as long as we take our make our return, we make a profit. Tegler, chances are it, sir, it doesnt really change our strategy. And if theres something disruptive happening there, then we have to deal with that obviously. But until then, i dont, i dont believe its a good idea to say pre cautiously i pull out of a market which has used opportunities for us because you never know the same time. And what we do definitely is working or supply chains, which is another dimension. There are 2 dimensions of diversification. One is the market accessing the number one supply chain. Of course we are diversifying our supply chain very much so. So that in case something happens, yeah, for an export control regulations that we have double sourcing and we can keybo operations running in other countries of course. So therefore i do believe that is the right strategy and term and we feel quite comfortable with that. I would subscribe or sort of description for of mr. Rod yet you would agree with that. Yeah. So, so, and you say in case something happens, i mean that, of course, the big sort of scenario that people are worried about is chinese aggression against taiwan. We have seen what russian again, aggression against ukraine has meant for the world economy, a company like siemens. What are you doing to prepare for a scenario like that . You must be factoring that into risk planning . Yeah, i mean number one, as i said before, via analyzing our supply chains and see where, where is supply coming from. Deliveries between countries and whole can be diversify, so that we have in case a double sa, sick. So this is one thing we gonna do. And the other one is diversifying the markets, which we are working on, that another element. And the last point is that im a little bit more optimistic here. I hope that rational prevails at the end of the day because there would be only loses that were semen cl roll on bush with dw richard water. The demand for coal is expected to hit record levels this year thanks to an Energy Crisis triggered by russias warren ukraine. Many countries, including germany, are falling back on the climate killer and south africa, is profiting from the surprise demand easy. Theyre on their way to a 12 hour shift in the mines here and implemented banga in the north east or south africa. Coal is a big part of life. Nearly a 100000 people work in it. And it accounts for 80 percent of electricity production. But his future is uncertain, as of africa tries to taco climate change. Oh boy, i did, i did it. Its sad because there are a lot of minds which employ many people. If a close, a lot of people would struggle the mind, the very important in our lives and also coal because we even make fire with it. It is very useful. Last year to help south africa switch its Power Production from cold to renewables. Europe promised at billions, but that has changed since the west sanctioned russian coal amid the war in ukraine. Cold prices have sword and South African coal exports to europe have increased nearly eightfold since the war began. Its a dilemma. I l. C. O n g which will be his compost was, wasnt seen as the megan almost done. Wonderful should also with, deserves that us deliver comes this did a lot of his to me, his white out. And then then well exist. South africa and fossil fuel companies are profiting from record cold prices and soaring demand. So for now, moving away from polluting Energy Sources is once again on the back burner. Thats our show, im christy. Platinum. Berlin. Thanks for watching hulu. Ah oh, this is where the rainbow shines, the brightest home to queen people from around the world. None with trauma history was written more than 100 years ago. Dive into queen culture out and proud, and the look back. Arts 21. Next on d w. A pulse with the beginning of a story that moves us and takes us along for the ride. Its only about the perspective culture information. This is dw and d, w made from mines. Oh, you become a pre klein. Mayo already know whos with about hackers and paralyzing the tire societies. Computers that outs where you and governments that go crazy for your data. We explain how these technologies work, how they can go in for, and thats how they can also go terribly. Watch it now on youtube. Ah, but he sort of knows that berlin is like the trans queer city. Ah, the term transgender didnt really come into existence until the middle of the 20th century. This building by west berlin really was a safe haven back then. Thats true. You could live here without being bothered with