Shocked and its not the first time heres a look at a man who has turned the chinese car industry upside down. Its a rags to riches tale the son of a rice farmer genies found early shoe food is chinas tenth richest man according to Forbes Magazine the fifty four year old started out with a refrigerator pants factory in the one nine hundred eighty s. Back then though the sector was strictly state run inevitably also routines shut least factory down but by then lee had already made a small fortune and so he simply switched industries producing first motor bikes and then cars as lee himself said all you needed for a car were four wheels and two sofas an insight that for several years reflected the quality of his vehicles but just two decades later chile was selling around one point two million cars a year in china making it the nations knowledge is independent to come a car in two thousand and ten lead bought up struggling automaker volvo from ford he floored money into the swedish plants and then with Great Success brought a volvo on to the Chinese Market since then li shu fu has held a central position among international carmakers and now hes invested in dima acquiring just under ten percent of the luxury car company the state of q wait until now the largest shareholder has been bumped into position to with six point eight percent followed by rent. The rest is divided up among small investors. Leases hes not reducing his commitment to volvo he says buying the stake and allows him to focus on the technologies of the twenty First Century electro made billet and Driverless Cars huge challenges that no manufacturer can tackle alone. Especially given the invaders from outside describes google and other companies encroaching on the auto industry. With dime that g. D. Plans to benefit from german technological know how its as it overriding is to get com companies to join forces in an effort to stand up to the coming on silt from Silicon Valley. All right lets take a closer look at the story for that im now joined by christiane studly a professor in Strategic Management at work Business School joining us from bath in the u. K. Hi good to see you mr sadler now we see stories like these frequently and the first reaction is often the chinese are taking over everything how much of that is true in the case of diana. I would not necessarily be too worried you know so theyre on ten percent its a sizeable stake but its far from taking over diamond head has a large shareholder in the past the government owns a sizable share and so far the experience has not been a bad one also in the case of g. D. Year i seem to have actually been a good shareholder a good indication a whole war that they kept accompli quite alone and facilitated expansion in china substantially so i would not necessarily be toward. Now technically its a good investor as you said it but traditionally German Companies have had stronger ties to u. S. Companies for example lets not forget the merger between diamond and chrysler back in one nine hundred ninety eight so talk about the influence of julie will this shift make dialer more closer to china than to the u. S. For example. Well i think the u. S. Will play a role in future as well and by the way did the crisis that it was an awful one you know each was terrible and finally guy managed to get out of it i think what the Chinese Investment reflects partly is on porton a Chinese Market has become full comment in factories and it really long run most likely become more important markets in the u. S. Again you know not meaning to the u. S. Market doesnt matter but it does reflect the shift in day importance of the market and speaking of the future the gili chairman essentially wants to fend off competition from Tech Companies like apple or like google or tesla does that make sense to teach English Speaking or would it make more sense to rather join them in a way i mean is hard to say in advance but i think he has a fair point in the sense that if you rely too heavily on google and some of the Silicon Valley companies there is a chance a possibility it gets david to dominate that part of production which is the more lucrative one and time it becomes a pure supply of these historic president that comes to mind. The decision of i. B. M. To allow microsoft to provide the software with microsoft becoming a much more Influential Company in the long run so i think its very sensible. Regardless of what did he do that geo else somebody else to develop their own initiatives and try to not be entirely dependent on the Silicon Valley firms because then the work Business School thank you very much for this analysis and better smarter faster no were not talking about cars anymore were talking about the phones at this Years Mobile World Congress in barcelona that are battling to kick leaders like apple and samsung out of the top spots its not just the devices themselves which are taking the spotlight but also the network tech that keeps us connected to the rest of the world. Rather than just seeing what its like to be spiderman how about feeling it sonys built a new dynamic vibration system into its top flight smartphone the Japanese Firm can also turn you into a three d. Avatar something they hope will score points with customers the new display and Camera Technology can now record and show High Resolution four k. Videos for us actually creating components that others purchase from us is extremely important meaning we want to be at the forefront of technology with our own smartphones but we do effectively have a lot of the value chain by selling our cupolas to others the company is also looking to the future by the end of twenty nineteen sony aims to sell the first five g. Compatible device the new mobile Network Standard is the topic at the trade show this german antenna maker expects five g. Will be rocket fuel for their business the new cellular musts can handle massive data volumes without any frustrating black. The Finnish Network supplier nakia is in barcelona showing off how five g. Data streams can flow seamlessly the company says theyre ready to master the torrents of data expected from the networks of the future between all kinds of devices for five g. Means will enter a brand New Territory in things cost t. Shirts the Health Care Industry it means that volume will be much higher than weve had in connection technologies so far. If the waves of new fangled tech leave you feeling lost at sea you might want to downgrade you can pick up calls with a touch of your thumb just like the full run is to the smartphone otherwise forget for cain and five g. This phone can make calls and not much else but even that has its own charm. Time now for a quick check on the markets and for that im now joined by our financial correspondent on wall street gets caught against high its good to see you well yes weve seen some strong gains in the main markets there on wall street the dow jones also up what has driven. Its fascinating to see all those inflation and is through his rage very is that we saw starting a good three weeks ago seem to be have blown away almost overnight what happened a good three weeks ago we had strong data from the labor market especially when it comes to wages so there was this fear of inflation and maybe the Federal Reserve pulling even higher as expected but now those various seem to be gone thats reflected in the yields of the ten year treasury note that dropped quite a bit and that gave the stock market here at the beginning of the week and we pretty much stand where all the turbulence is started good as we weeks ago meanwhile we heard that the round number seven of the nafta renegotiation talks begun and its tensions between the usa and mexico the president of mexico calling off a planned visit to the u. S. And to get in and yet the will not need to trump for now is there concern that these talks might fail as weve seen it many times before. The obviously this seems to be the disagreements between the mexican and the u. S. American president when it comes to financing the border what hope between mexico and the United States of the nafta talks there are going on all week long and i guess those wont be the last talks and actually the talks could drag on for longer as recently as expected the whole environment is highly politicized we will have the president ial elections in mexico this summer and then the midterm elections here in the u. S. In. The fall so those talks probably will drag on for a bit longer thats also why wall street does not pay too much attention to those talks at this point is going to on wall street thanks very much for the analysis. And before we go its been a swathe of trading one hundred thousand one dollar on the black market something as well as have become creative of all ways to make money out of their currency any way one trader took piles of value on the olds over the border to colombia where he crafts them into Fashion Accessories thats fifteen dollars at a huge markup face value of the items and there is also a Graphic Designer who has sold thousands of his illustrated believe honest to customers around the world. Youve got to get creative if you want to make it in that country thank you very much for joining us have a day continues on. Oh climate change. Just a new lease on. Environmental. Globalization. Biodiversity Species Conservation exploitation ecology. Human rights displacement the issue of the global and local action. Global three thousand. We make up oh but we quantize over half of the handout that she thinks we ought the Civil Service to. Be one to shape the continents future to. Be part of enjoying african youngsters as they share their stories their dreams and their challengers. The seventy seven percent. Platform for africa its charged. Barely feel. The scars on some of. The pain still tangible. For the target. For citys edge but. They have survived the two they also have a future. I really understand people who say they dont want to stay here. But i also admire people who want to stay here and who decided to create something new in peace time what needs to happen if tolerance and reconciliation are to stand a chance darkness cities after more starting march tenth on g. W