The right to levy taxes in the obligation to pay them both inherent in the sovereignty of nation states and their citizens. But what happens when the power of taxation is undermined with wont pay taxation and polar ticks. So its what told between 1st on the w ah, nothing to see here yet. China decides not to release a batch of Economic Data expect that this week. It will only come after the ongoing communist Party Congress and whats likely to become gigi pings, historic, a mass amount of power also should bureau was trying to break its dependence on china. I will have a look at all materials mining in scandinavia. And portugal is moving away from fossil fuels. Of the countrys Energy Transition isnt quite as clean as crystal. Welcome to the program. It seems like nothing is to distract from g g pings moment china on monday, the late the release of 3rd quarter growth figures along with other Economic Indicators expected this week. The likely reason . Well, the 20th the congress of Chinas Communist Party is underway in very beijing and the shipping is expected to win a 3rd term as the parties. General secretary, amassing more power than any chinese leader since miles dawn. But mister, she must take on some difficult tasks, especially the economic instability of the country. The chinese economy is facing extreme turbulence in the 2nd quarter. The economy grew by just 0. 4 percent compared with the same period in 2021. The world bank has also lowered forecasts for this year from 5 to 2. 8 percent. The biggest reason for this is the governments rigid 0 covert policy. Several cities and different regions are still in complete or partial lockdown. They are responsible for 30 percent of chinas g d p growth. Now as a consequence of the lock downs, residents are buying less products. Factories and ports remain closed and supply chains remain this dirt. Now lets take a closer look here. Whats at stake at the Party Congress . And for china overall with d, w, a, china analyst, clifford coolant here in the studio. And with your book and hes the head of the you chamber and commer of commerce emerging. Welcome to both of you, your. Let me start with you. Did you find any positive news for western companies in using things speech yesterday was all about audiology, a line in the country behind him. Its this week as a victory lab for him, so there was nothing thats going to disturb the masses. So there was not much on specifics there when it comes to business. I think there are more ways for us to use a particular. The topic about self reliance, china feeling the heat from usaa and trying to basically become less dependent globalization and hence thats good news for us. And clifford over to you china state and part of either says, were going to stick with the 0 covert strategy. Jumping has hailed this as a success. Why does he want to stick to that if its so detrimental to the countrys economy . Well, at this stage its, its a policy that he will be judged on because he started early and he did have early successes. Now theres no scientific reason or very few scientific reasons. Its just too infectious. The all micron variant. So the reason hes staying with it is because he kind of, hes stuck with it now. Politically, its very important that he stays with us on also other countries Health System is still very much in development. So will be quite problematic. I think if there were a major outbreak there, so hes, hes basically sticking with it for that reason. Youre back to you with China Holding on to the 0 coven strategy. I mean, weve seen that companies have been looking for alternatives to china. We see that investment of u companies and china has been declining. Is china going to become important . This is just another foreign market. No, its certainly the size wise. Its too important. In particular for car chemicals machinery. Those companies that feel after invest more is just too big and too important. But youre right. Many ways for companies are looking alternatives that were not moving out of china. Were looking into india, southeast asia, even back into the European Union in order to see where we can do stuff. And of course, the longer china rates, but the 0 tolerance policy, the more the movement is for new investment going to other places something which of course there will be irreversible. So china, in front of me is opening the doors in other countries for european investment, or mr. She also said that hes not ruling out force when it comes to what he says, uniting taiwan with china. How prepared are western companies in china . Sure to come to that and the subsequent sanction sanctions. Well, i mean nothing new there. He has always been se, if there is a red line telling independence and they always indicate that they will use force. I dont see any war or any time soon. Of course, the located during the a warning shot at the same time, china is dependent on the a conduct to supply chain. And in case there is a blockade or let alone war. Of course, china, in fact the whole world goes down in flames. Clifford back to you here in the studio, what will make things future economic policy, which is somewhat todays economic policy, what theyre going to hold on to mean to citizens and consumers around the world. But i think what were seeing in this congress is quite, theres quite a lot of rhetoric around common prosperity on july circulation, which are quite vague. I think what youre seeing is more, if you, as you see more stage interference in the economy, youre going to see things much more of a focus on the domestic market. And i think that means that for, for Companies Side of side of china, for example, is going to become quite difficult, particularly with the political stresses that weve seen that joe biden has just introduced new sanctions on that new restrictions on tech transfer. Which means that american americans working for the companies are quitting. So its, its going to have quite a serious impact, w clifford conan. And youre good, good. The head of the chamber of commerce emerging thanks to you both. Thank you. Now europe, in many aspects still depends heavily on china, like critical Raw Materials that are necessary for the production of batteries in electric vehicles for example. But the European Union is trying to loosen this dependence. How well our reporter looked around and europe largest nickel, mine and finland, europes largest nickel deposit slide deep in the finnish wilderness on this site, 60 square kilometers, large cobalt and nickel. Are mind. The mineral rock is stored and irrigated on giant heaps. Its hot and humid, bacteria help remove the critical raw material from the rock. Its called biological extraction, or bio leaching. The process takes 4 years and replaces the energy intensive. Conventional melting process. Our seal through a footprint is on the other. Its 60 percent lower than i mean in the us. Yeah. But its ah, that is very important for 4 of our customers in conventional production, the rock is heated and melted, but not for tara frame. And thats why the plants ecological balance is much better. Once europes car industry shifts towards electric cars, massive amounts of nickel will be needed for batteries. So far, china has dominated the Raw Materials market, creating an unwanted dependency for europe. Meanwhile, in sweden, car battery maker, north volt is desperately looking for climate conscious suppliers. As the company aims to improve its carbon footprint. The companys electricity comes entirely from renewables. But Raw Materials with a good ecological balance are key. Major component there is really energy. What type of energy that youre feeding into your system. Then there are other things always like adding recycling to your production and working and not lease with your suppliers for components and Raw Materials to lower their mission. Back to finland, tara frame is currently sending most of its Raw Materials to asia, especially china. They want to change that i. Person always is that the, the robot, the re offered here money factor for a battery optic aysa will remain for the most part in german made causal friends. My adults read is made called Northern Europe holds plenty of resources for car batteries. It could be enough to make the continents industry independent from the chinese monopoly on raw material. And now to some of the other Global Business stories making use. Apple is freezing plans to use memory chips made by a Chinese State from the company. The decision comes after washington imposed to tie the controls against Chinese Technology companies. Apple had originally planned to start using the tech from young se Memory Technologies as early as this year. Pilots for move tanza subsidiary euro wings are on strike monday, according to their union. They want an increase of rest periods and few hours in the sky. Management has called the demands excessive as it struggles to satisfy demand. Over 100 flights have been canceled. Most of them domestic. Portugal is among the 1st European Union countries to leave coal behind and share the lessons and have learned so far at novembers coff. 27 you in Climate Summit in egypt, but there is a dirty secret behind portugal clean Energy Transition. Its been nearly a year since steam below from the cooling towers of the coal plan in pago, northeast of the capital, lisbon. The station portugal last coal plant shut down in november last year. Portugal is one of a handful of Member States along with belgium and sweden to have renounced coal as an energy source. But some experts say the transition has been badly planned. The last girl that sees on to my assessment of the portuguese decision to bring forward the end of call use is frankly negative for you. It was a serious mistake that will be further complicated by the war in ukraine we got in the mice. Watchable aims to increase its wind power and solar capacity. It currently ranks eights and 13th respectively in europe. But it remains heavily dependent on fossil fuels, which accounted for 71 percent of its energy mixed in 2020. But that locally is all, weve traded out coal for spanish, coal, and nuclear power, and we pay for the finished product. We had coal fired power stations, they were paid for by they were shutting down. And now we employed electricity from spain. Sulfuric acid, youve also type in touch by now. How is this acceptable in terms of economic, technological, or Environmental Strategy . That, as you can contact, largely called me and talk, the government says its committed to the Energy Transition and aims to increase solar Power Production by 50 percent to 3 gigawatts this year. By 202680 percent of portugal, energy is expected to be green energy. And heres a look at our top story. At this hour, china has delayed the release of its latest Economic Data, including an update on its growth figures, which are expected to be at record lows. The delay comes as a business gather for the communist party, Congress Voting and on a historic 3rd term. For general secretary gene thats i shall, thanks for watching. Ah ego africa, a promise of new jobs and wealth. A new pipeline across uganda. Environmental is a warning us about the consequences. Energy security versus nature conservation. Can this conflict ever be resolved in our lives . In did lag ego in africa d w. A thought they were great able to be able to do with welcome to these notation of echo africa escapes, you have you with us, im chris, a lamps. You know good state nigeria. I with me is my charming co host sandra