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BBCNEWS World July 5, 2024



and hot on the heels of antony blinken s visit to china. beijing will seek to improve its ties with europe. however, europe has also started to pull away from china to ensure it is not too reliant on their exports. still, there are strong economic ties between germany and china for the last seven years germany has been china s biggest trading partner in europe. so, what is at stake? i m joined by gregor sebastian economics analyst at the mercator institute for china studies based out of berlin. 0ne welcome to the programme. first of all, for the two leaders what do they want to achieve in the next few days? good morning. i mean, the first thing isjust that good morning. i mean, the first thing is just that the meeting is taking place, right? we have a radically different relationship between the two leaders now than we had in devious years. under angela merkel s meant the cabinets on the chinese and german sides had really constant and close relations and this is th ....

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BBCNEWS World Business Report June 4, 2024 04:35:00

Be an interest in trying to create new investment and trying to shore up confidence in germany that china remains an attractive partner and place to invest. however, on the political side in berlin, there is also a shift here, and i think rather than doubling down in investment in china, the german government wants its producers to diversify away from china and rather explore other markets. other markets. that is really interesting. other markets. that is really interesting. gregor- other markets. that is really i interesting. gregor sebastian, thank you very much indeed, to give us your take on that. well, let s stay with germany because it s signed a deal on building a huge microchip plant in magdeburg. the agreement with the us giant intel is part of germany s and the eu s efforts to cut reliance on foreign producers, particularly given increasing tensions between china and taiwan the dominant global player in semi conductor manufacture. swetha ramachandranjoins me ....

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BBCNEWS World Business Report June 4, 2024 04:34:00

Complicated with the war in ukraine and how china and russia are close partners, as well, and that place a difficult task into the hands of 0laf scholz. difficult task into the hands of olaf scholz. difficult task into the hands of olaf scholz. definitely. for the chinese of olaf scholz. definitely. for the chinese side, of olaf scholz. definitely. for the chinese side, as - of olaf scholz. definitely. for the chinese side, as europe | of olaf scholz. definitely. for| the chinese side, as europe is a really important market for chinese exporters, and we now see major new electric vehicle companies trying to establish themselves in germany and europe, they will actually put the market access issue on the agenda, which so far in recent years was always something the german side has pushed for but this time around it is china that will push for continued access to european and german markets, especially as brussels and france are debating whether to restrict for foot duties on these ....

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BBCNEWS World Business Report June 4, 2024 04:31:00

And hot on the heels of antony blinken s visit to china. beijing will seek to improve its ties with europe. however, europe has also started to pull away from china to ensure it is not too reliant on their exports. still, there are strong economic ties between germany and china for the last seven years germany has been china s biggest trading partner in europe. so, what is at stake? i m joined by gregor sebastian economics analyst at the mercator institute for china studies based out of berlin. 0ne welcome to the programme. first of all, for the two leaders what do they want to achieve in the next few days? good morning. i mean, the first thing isjust that good morning. i mean, the first thing is just that the meeting is taking place, right? we have a radically different ....

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BBCNEWS World Business Report June 4, 2024 04:49:00

Counterweight to china, and also vice versa. india has sought deeper relations with the us and its western allies as relations with its giant neighbour china have deteriorated. meanwhile the us has sought to take india away from its largest arms supplier, which is russia. it has been very frustrating in washington to watch and see india do business with moscow during its invasion, the ongoing invasion of ukraine. but of course these geopolitics bolster the case for closer business ties between the us and india. india is of course a massive market. it is a powerhouse when it comes to technology and it is increasingly seen as a real alternative when it comes to china dependent global supply chains and that is why there is this talk about the us during the three day visit could lift some restrictions and ease the way for foreign deals with india when it comes to high end technology, particularly high ....

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