Global standards in tech drawing up their own treaties and deals and theyve got the upper hand with an immense amount of financial firepower but chinas also highly secretive fad restrictive the question is is china more of patna old rival. President xi jinping has promised time and again to open his mammoth economy to the world to lead in International Investment and allow for a level Playing Field german executives ive spoken to say its going in the other direction they say chinese officials clamping down on foreign firms more than ever china and the European Union have been hammering out a comprehensive agreement on investment for 7 years now but after multiple rounds of negotiations theyve basically got nowhere. The skyscrapers of frank high have all been built in the past 30 years. Almost all the big German Companies have an office in this business metropolis but some are starting to get nervous. 5000 German Companies operating in China Business is good but for how long the German
Behind companies have cut wages and council bonuses for the employees in downtown beijing the traces of the past 6 months are still visible. Businesses have been hit hard by this crisis many had little to no income for months and months and many shops and restaurants have to shut down experts have long warned of chinas imbalance growth too much investment and consumption corporate 19 has made these warnings ever more urgent. China has a history of ambitious projects the great wall of china the silk road and now its new silk road officially known as the belgian Road Initiative its the largest Infrastructure Project ever seen the transport Energy Mining i. T. And communications projects spanned the globe and even reach into outer space the original so proud basing quaint according to todays standards but the fact is it paved the way to where we are now. A brief history of the silk road 6400 kilometers searing 50 degree celsius heat the bitter cold of 40 below across steps deserts and hig
Staking out its claims on every continent with its sprawling belt and Road Initiative impacting how most every country does business officials in beijing a setting the Global Standards in tech they drawing up their own treaties and deals and theyve got the upper hand with an immense amount of financial firepower but chinas also highly secretive bad restrictive the question is is china more of a partner old rival. President xi jinping has promised time and again to open his mammoth economy to the world to lead an International Investment and allow for a level Playing Field german executives ive spoken to say its going in the other direction they say chinese officials clamping down on foreign firms more than ever china and the European Union have been hammering out a comprehensive agreement on investment for 7 years now but after multiple rounds of negotiations theyve basically got no way. The skyscrapers a friend high have all been built in the past 30 years. Almost all the big German C
A month ago because this kind of i think sets the story up better so lets do that one month ago tensions between hong kong and beijing were boiling over so the United States sent in literally one 4th of its carrier fleet to the waters that are surrounding china china did not take that well in fact here is the warning that china has said the United States government officially warned the United States that they would consider deploying countermeasures in quotations against the warships including carrier killing bullets stick missiles while china insists that the United States is trying to provoke them ok that was a month ago now using chinas own description a new provocation may be under way this time its chinas arch rival and u. S. Ally taiwan that is conducting mill. Terry exercises that are obviously meant to send beijing a stern message that message is a massive i mean massive live fire military exercise on land air and sea meant to quote show china this is what taiwans president is
Becoming a new sea of tension and the french president is talking about sanctions on turkey. What long term consequences might there be after copa 19 has torn through the body affecting not just the lungs but the kidneys the heart and even the brain jonah home of her mothers hospital in scotland where theyre trying to find out. The current virus crisis is causing even more pain for workers in the worlds biggest economy more than 1400000 people in the u. S. Have claimed the unemployment benefit in just the past week is the 18th week in a row that numbers have topped a 1000000 now economists estimate the 25000000 people and out out of a job the white house says thats fundamental agreement on a new creative a stimulus Package Senate republicans are set to unveil the one trillion dollar aid bill in the coming hours search and infections has seen some businesses and schools closed for a 2nd time now there are almost 4000000. 00 cases in the u. S. The latest 1000000 has been recorded in just