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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 ....
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 ....
The chips and science act into developing its own semiconductor industry. just briefl , semiconductor industry. just briefly. for semiconductor industry. just briefly, for intel semiconductor industry. just briefly, for intel itself, the ceo, he has been moving across the world, really, in terms of investment, factories, presence, it s really kind of increasing intel s dominance, globally. increasing intel s dominance, aloball . , ., globally. intel is a particularly - globally. intel is a i particularly dominant globally. intel is a - particularly dominant in pc related microchips. of course there are a lot of semiconductor companies such as nvidia, so it is not necessarily one company that is dominating the entire landscape. there are different companies operating in different areas of semiconductors, intel being one. ., ~ semiconductors, intel being one. ., ~ semiconductors, intel being one. . ., one. thank you for your time. swetha ramachandran - one. thank you for your time. sw ....
Now investment director at gam investments. good morning to you. interesting to have this conversation about how germany is pivoting away from china, and that plays into this story about its agreement with intel, the huge factory that will get built in north east germany. yeah, absolutely. as with the us and the chips science act that was signed last year, there is a clear move on the part of the us, as well as the eu, to reassure certain key supply chains that are quite important for growth going forward, back into the american and eu soil, literally. find forward, back into the american and eu soil, literally. and eu soil, literally. and in terms of and eu soil, literally. and in terms of germany s - and eu soil, literally. and in terms of germany s moved l and eu soil, literally. and in. terms of germany s moved to partner with intel, in particular, the us, because america is investing so much into its semiconductor industry. of course, improving ....