it does hold the palestinians to go through on heard voices to humor. i tried to highlight the absurdities inconsistency, even upon proceed. landscape connect with our community and tap into conversations you will find elsewhere to take every day since it is going to unspeakable horror as to really alone about what's happening because of the tasks and media attention the stream on out just the are the kind of them and they're gonna put on this discount and the cost on al jazeera, you, we can look at the world of business and economics this week, gemini, is re engage in with china and trade despite the east flexing his muscles for staging. so why consul in breakup with the asian giants?

and from free full to rebound in nigeria, the novel valley is off the economic performed spots my jillions of band the running to sky high installation. the world is nowhere near which even be sustainable development goals. by 2013, we speak to the president of the un general assembly about his call to action. china is germany's biggest trade partner bought. berlin also sees of aging as a competitor and a rival at a 1st ever strategy on china launch last year in touch to reduce dependence on the chinese market. but during his visit last week to china, the german chancellor signalled his intentions to maintain business ties that may have and get some of all that shows his closest allies. the you has lot, several investigations into exports of chinese going technology to protect your pin industry from what it sees as i'm competition. dmitri meza dancler reports on

what's at stake for schultz 3 days in china for chancellor william schulz and his entourage of top chief executives. from leading german companies, that's despite the german government announced strategy to reduce risk of becoming too dependent on china. shania lighting by which is shown shit, fucking china in germany of the 2nd and 3rd largest economies in the world. and the significance of consolidating and developing sino gem and relations transcends the scope of bilateral relations. it has an important impact on the erosion content and, and even the entire world. china is germany's number one trading partner. giant, german firms such as volkswagen, have been actively expanding the business that for thousands of years. but many of the companies have said they feel disadvantaged or even discriminated against, accusing china of protecting its own companies with massive subsidies on some

policy involved. so this is a key issue all over the world. many countries do that, especially when it comes to renewable energy use in advance to let them ability technologies. and that's why it's important that we establish processes here that ensure that we move away from the practices where everyone asked simply according to their own ideas. that's one of the reasons that e u has launched several investigations into cheapo chinese goods flooding the market, including electric vehicles. german comic is via these investigations could lead to a damaging trade war july and the name of the one with the on the primary goal with the business must be to make profits. the chinese market contributes 2 thirds of global electric vehicle sales. so the chinese market is indispensable to the gym and call companies, and they also, i bill factories there through germany's chinese partners. c schultz is visit as a positive sign. i think the message is very clear. a jeremy and want to continue

corporation with china continue to grow business in china that continue to expand some of the areas currently. maybe not enough cooperation will not be enough german business presidency in china, such as i, we college of fluid around 120, over the years old. china relied on gemini, i'm the you for tech inputs, but now it's technologically self sufficient. in the event of a major spent with the world's 2nd largest economy, germany's could be seriously damaged. some experts say gym, and g d p could shrink by 5 percent the same amount as during the cobit crisis. to meet you met that in co, out to 0 for counting the cost of a more on this let spring. and i guess joining us from milan, italy is danielle gross. he's the director of the institute for european policy making at the corner university and an advisor to the european parliament. i'm from

sonya pool is shay gong. she's in the system professor in the china program at 9 yang technological university. a very well welcome to both of you, mr. goes, i'll start with you in milan. why has old f schultz gone from pledging to scale back to him? and he was reliance on china when he took office to know what he was saying when he was in china, calling for equal access to china as markets for foreign funds. i think one of charles wanted to see the energy and the, the energy is german fans do own business in china. they complain because they might be doing even better business. but the chinese market is very important to them both as a production the venue, but also because i'm trying to use computers and now you're of the company has perhaps a different opinion. the dean would like trying to play and that's important role

or the government economy. but the reality is, different. china is just one of the biggest markets in the world and gen companies and the boy be there. and that's the, that's the reality he finds. and that serenity, yes. website. okay. uh, most gone. do you agree with miss to close that essentially the economic relationship between this well 2nd and 3rd largest economy work from political calculations here. well, we have to be aware that definitely, you know, we can all make and business interest, you know, just driving shots, visit china. because as you know, the leaders, she wants to see what is really happening. right? because the baby's trying to, you know, plays the trombone fancy build some level of market reforms. you know, like reduce negative list. what if the eyes that may be really beneficial, but for the german companies or even for the european companies. but we need to

understand the context of china your relationship today. a lot of things, but to una is about the growing competition is a consensus amount whether you members and the visit actually came after the launch, the, the rescue strategy reduce. they come to pendleton, china, right? and the, we have seen her so many stories and complaints about the i've been practiced at the chinese market. you know, the chinese government has the advantage, mark you right through the subsidies also through the federal fiscal or in, in financial, you know, support about the or the 2nd little want to highlight is actually, is the structural differences in handling with russia, where i've been during the visit the shot to the extreme point out that no german german is very concerned about china's engagement with russia. and some of the engagement can actually, you know, um the voltage provide at most to rush items. you did, you are usage of the assistance that china provided, right?

and, and, but also china condemned to use the ashes on russia, which also affect the chinese companies along the way. i want to highlight, you know, that i don't really things on a matter of things. good change because the visiting cuz the 2 sides have really felt better idea. always divide on how to feel inc, dash holder. so these differentiates will continue to, besides, you be called straight. and she mentioned breakthroughs in the bilateral relationship. ok, there's lots to pick up on the i want to go back to daniel goes with the 1st thing that you talked about, which is the context that this business taking place. something was already mentioned that you are paying union is, is investigation china, you know, for what it cools. it's all the capacity. it's, it's dumping practices. mr. goes with jobs. the german chancellor. stand on this. does he suppose that you are paid invest the investigations? well, not right thing, there is some difference of opinion among in your re entry on mondays commission is doing right now. and because the german automobile producers are doing

a very important business in china and a german automobile as all fields, french and by chinese emboss. and therefore many it'd be by your own savings that this investigation of the commission was more french interests and german names. but germany just call them bomb country in the, in europe and your read you again, but it cannot always dictate what's, what's being done. and i think that is the difference all between the or the level and the collection level. okay. i think we're taking that 1000000 euro when we use like towards use our reliance on china. the economic vanity is different. and i think this tension between the politics and the economics is the back problem. this is, and this tension been bugging over a long time. okay. and as you mentioned, mr. gloss, you know, we have the ceo of necessities, of b, m, w, just to name

a few, talking about how they don't see competition from china. they see opportunities in china. miss gong, which feels do you see it growing? and i'm, and how important is that to china? you know, to show that it can do really good business and trade, whether you appear in country, in the backdrop of these tensions with the european union. yes, you are the well, the key areas that both sides will be really, you know, happy to work. always the great energy. right? yes, but we won't really, it's definitely because of russian where you're, he's suffering from this adage, crises throughout the years, and they're going to use that. china is gaining advantages. and also can, you know, some how can you know, a company met with the village, a building in euro. and the thing is that i think the 2 sides, they get actually know things about the 3rd party collaboration, which so many used to be part of it in the back to really the shape. it doesn't

have to be brand new to felt. they're really new shaking, but they can call, you know, they can think of the plan that they're marking that that's the south east asia. let's say, you know, indonesia, we're trying to get capitalized on jerome is get apology and also the inmates in terms of building the great technology. yup, i'm glad you both have certain markets because i want to bring daniel growth in here on a fascinating article that you wrote about frayed restrictions and about how, you know trade restrictions such as tower such as the ones that we would want on trump put on china don't actually reduce the amount of trade, they just re directed. and that's exactly what we also have a ran. the us does not allow of a cost, for example, the problem then the, the, your being, the produces that have a good amount paid for themselves in the united states and enjoying the export more to your. so ma'am you have the same thing also in asia where and the chinese change

their immediate what's to my asia, and then my laser puts things together and chip small phones, then go to the us. so this by natural tree, these by natural trade winds investigations built in the us and china backs into the benefit of us, like by the now, but also like you. and that's why i'd say euro doesn't really have to take a stance on this particular issue. and can just uh, b, this website and the more reasonable and certainly more reasonable than united states. okay. does last the mysql and let me put this to you with the us selection coming up later. this. yeah. how do you think china and the you and germany, how they look and get their relationship and life of what might be coming out of the us later this year? oh, i think there are a lot of a lot of things are going, but why don't these very unclear in terms of how we perceive china, you know,

whether it's a market economy rate, that's something that china wants to be recognized throughout the years, especially from the european culture barge, but with the fundamentals you 1st is that, imagine previously, you know, about ideology, but divide about, you know, how to play the much the role and also about the, you know, the perceptions of russia. i don't think that, you know, the 2 sides will be, will be still continue to ramble width of issues that were in front of them. but up there. but as you know, joe man has started a very good example in terms of how to, you know, stretch out despite the, you know, called string space, how to keep the conversation open and how to, you know, make you try to understand the causes and try to work these out is something that i think the regional partners should have a close eye on share going and so in a pull and daniel gross and milan, italy, thank you both very much for your time. thank you. or

the nigeria as advocates, largest or produce a, gets the nation's economy, is in crisis. inflation is welcoming foreign exchange is in short supply and corporate giants leaving the country. 40 percent of nigeria as population now lives in poverty, president bullet to know who took office last 2 has moved or the whole the economy and attract investment. but all his meshes working will you get to enter that with i guess shortly. but 1st, let's have a look at what's being done to turn things around when to be assumed power loss may nigeria was spending almost all of its revenues on service and debt, or which nation had barely any money to pay for anything else. so his 1st measure was to scrap popular fuel subsidies that will cost through the country around $10000000000.00 a year. the president has also loosened controls over the currency in a bit to unify the official and unofficial exchange rates. as you can see here, the nora was the valued in june,

and in february it had lost almost 70 percent of its value by march. but now the myra has been labeled the best performing currency in the world after a strong rebounded march and april. it's back below $1200.00 to the dollar off the central bank increased interest rates to almost 25 percent, making it more attractive to keep savings in the niagara. these reforms have been very taxing somebody's uva, as population. inflation is at the highest level in almost 3 decades. the price of rise has doubled in the past due. well, petro price jump, $3.00 falls, and all this is putting pressure on to boost government to prove the reforms will eventually end the economic pain. so let's get stuck into this with gospel or ben a. he's an economist, the straightened all next steps and nigerian think tank. thank you for your time mr . obey. so the nava is rebounding but the current country is bending to the foreign exchange reserves at

a rate not seen in 4 years. can you explain the connection and if it's a concern, ah, yes, that's to say that there is a software issue that's a gaming because for the generation enough for an extend receipts. but unity from the all around ex paul as the case may be. as a result, there was a constraint around how much of the supply or something it was the nature and economy to be, which would mean it's consistent being create that verizon, you know, looks like the font for the exchange. and that's really been to chatting for a long time and again, talking to you folks out with not so much of a bank, i just went to the production station. the gentle cloud productions got to be the export, the capabilities to, to reach the more probably next january 6th. so that supply gap is why you also the private sector bank trying to results to each was asked to fund most of it. so should i say short term based reforms from see more recently. yeah, i'm, i'm glad you said you, you quoted them short to reform. so if you look at, you know, we keep saying that my gerry is africa's largest oil producer. yeah. that actually

imports most of the petrol that it uses as the country looking at longer to resolutions, to the long standing economic problems. yes, the country is, but i think it's a case of number one. there's a growth funder as to make some of the efforts, investments, and behavioral and cultural change that needs to happen in the state or country. the most affordable part of progress about strategy. also given the fact that it was a weekly decal view in context, although what recently the crime fighting restriction made by the crap example i'm actually washington. somebody took me to a multi school. but again for the sufficient between gosh to the level of change. ok. brussel prospect that needs to happen. what are the, what are the behavior and the cultural changes that you think need to happen? you know, nigeria has been beset with corruption, for example, for so many years. well, what do you mean? you'll be able to change my own context would be leaving from, you know, from

a ground up to 3 kind of approach, right back with a reflective on some of my tional local levels, uninsured government forms i refreshing of what the people need appointment time and how bucket full, she's also lead for you to push one of those reports. i did the review of this policy. paragraphs take photos of the construct. stop progress was a necessary condition to be able to set up the lead relief points for the insurance . recently, strategically such as the, except for logs like dimensions, those sort of piled key sites of the local economy and also inquiry long all say to operate on those sector image settings to set up for you next steps. you know, there's so many men join to be expert ready, but they don't have the product that's walks us the market. it'll probably teach to to, to do more. we do that across for this. hopefully the call dropped on bureau changes like around eastern tional support the dimensions of logic thing. yeah, i was just calling just as a how do you enable that? you know that financial support,

that investment and what role the foreign investment have to play? i mean, fall and capital has really fled to nigeria in the past few months. yes it's, it's quite disheartening. this is like a link to the for, you know, a business environment to logics. it's, we'll see many of the major african nations rather what's attractive or the best place i think is maybe so we need to, 1st and foremost when i do i meet with these less functional charlie. and these are, i just structure each drop highlight the shuttle. but to any security, you know, on all of that, i don't have the ease of doing business, you know, contracts regulations, but to make some of these things and even the business environment itself. all right, so that needs to be fixed, long valley is fixed with a very strong coordinates you 5 that's supposed to be matter of car is between. if you splendid when it should be, it's gonna be a lot more easier for us to sort of people find a possibly to watch plus $35.00 if you need. sometimes i can strive to the local crazy for local businesses. okay. and what about the local people,

do you see that the changes that have been made will, in fact benefits nigerians themselves. i don't think the changes will really been in treatment. it ends in the short term. and that's because there was a degree cost of leading crisis and the argument jen is going for a for a cause low cost of confidence shrinking. and the most us, in the case where prices of goods and fixes, i'm a should be coming down even if we succeed. i'm felicia, because of leaving class is like between the reducing to the corporate adoption of consumption actually makes the right the cleaning genera. right? so what we now need is really stinking the sector. all, it's eventually must happen in the different lots of sites, those that have the capacity to re spend young people from just public t o b global public, you know, to most affordable products when it comes with a prosperity just in case the be. so for me tomorrow i'll drive the sex. ready landscape and flight division, that's kind of look for the best time to the other piece of scale, a treatment,

julian's needed the most to the full viable. it's also good type of need to be stopped before the cost of leading crisis, unaffected things. and of course that has an impact on africa, doesn't take given nigeria is the most walk through this country largest economy. yes, it does have an impact with africa to very large extent. so we will be that we need to evolve, you know, nickel stations on composition, central value. i was invited to be to the table. most of the chinese was finding a job. i'm very confident in many of the countries. the quite told me to show quite a bit phone security. the cartridge exceptional behavior likes onto those are those of structural and tional reform. we may not be able to bring the necessary group under development african beach, particularly each other that goes on developing to be owned upon the advocates, the concept for the participating t. v. john, you know, really needs to be looked at, meet new levels of frustrating the gospel of a, of the nigerians think tank straightened all next. thank you so much for your

insights on this. we really appreciate it. thank you very much. finding me by 2030. the will see it 1st, truly in a while. more than half a 1000000000 people will remain poor eradication poverty is one of the 17 sustainable development goals. so s t g used to be met by that. yeah. which is 6 years to go many nations off track to achieving the s t cheese. the president of the un general assembly has launch the 1st sustainability weak. gabriel alexander has spoken to dennis francis at the high level discussions last week. he started by asking him what same portions of the initiative, the sustainable development agenda on which we involved we being the united nations in 2015 has not matured. with the expectation that we had progress to achieve the sustainable development goals

for a number of reasons. beyond the control of any individual country has slowed considerably. and so the goal was in fact off track. so we needed to stop for a moment. takes talk of what's happening and re focus on re engineer our efforts. so as to bring things back on track because we are midway through to uh to the sustainable development timeframe which is 2030. let's talk about a few of the themes that have been discussed this week and a number really struck me. it was $225.00 trillion dollars in global public debt. yeah, there's a debt crisis. you've said,

how is this sustainable for the world to maintain so much debt? well, let's understand what that $225.00 trillion dollars represents. that represents the current stock of global debt that is, or the countries in the world, the debt that is owed by developing countries would be a proportion of that. no, i, i don't have that number in my head, but i can say to you without fear of contradict contradiction that for developing countries, countries in the global house, that number is also a huge number. and the thing with the data is that it has to be repaid. what has happened in the case of the bill but south is that there is an extraordinary overhang of debt. and so countries developing countries and in particular,

countries in special situations, the most vulnerable ones, the landlocked countries, the least developed countries on the small island developing states are forced to make choices between re paying the interest on the debt the interest, not the principal, just the interest of the interest on the debt they have to choose between paying the interest or using that money instead. defendant's sustainable development to pay for schools to pay for medical facilities, health centers, etc. it's a very difficult choice. so uh, what needs to happen, what the, when has been advocating and the others is that there needs to be a reform of the international financial architecture to usher in

a new period. which will allow countries in desperate circumstances, particularly the most vulnerable ones, to be able to borrow on less burden, some tunes that means ok, more affordable rates of interest. because as it stands at the moment, many developing countries are forced to borrow at 3 and 4 times the rates of interest that the average developed country borrows that. and at the end of this week, what is the call for action? choose sustainability. choose sustainability. because in choosing sustainability, you will actually be making a plug for the long devotee of a species on this planet is the natural environment that creates the assets that we

use to live on this planet successfully. and we have been successful, but not without creating unnecessary damage and know the science of store to us. but we do not have to create damage, we can live sustainably. we can use resources in through all consumption patterns, most sensibly small to in order to minimize our footprint on the planet. and that is our show. so this way you can get in touch with us on the x, formerly known as theresa on at list put on them and do use the hash tag a see to see when you do will drop us an email counting. the cost at ellen is here at dot net is our address. and as more for you online as onto 0 dot com slash ctc, that'll take you straight to our page with the individual report links and tot episode soon as we catch up on that set for this edition of counting the costs um

elizabeth put on them from the whole team, thank you for joining us. the news on al jazeera is devastation bundle. dish is usually in the top 5 countries as the most valuable country in the world, displacement. if you look at taca city, it's unbelievable desperation. they're living on a free range of life and did the stock reality of climate change in a rapidly sinking country and some of the problem today, the rest of the work and as of tomorrow. and they will have to learn from us, which is here as new series dying of life before land. a sin how believes that you shouldn't underestimate the consequences of snatching animals from their natural habitat. family groups are separated, and incense, and juveniles are separated from their mother's and it causes a tremendous amount of social disturbance in these populations,

which we just don't think about. i mean, know how come here to be and behaviorally sophisticated. they are how complex they are. and you have to put them into a gauge doctor, we should like to and keep them all their life. he also believes that science isn't the only factor to consider ricky thinking that if i have a degree, if i look into a research institution or a university and best place to understand the macbooks. and so if we do continue with animal experimentation, let's be aware of the impacts of 5 actions. and that does not mean that we don't harm. we don't touch, we do, we exploit in depth analysis of the days headlines. the failure to free the captive still being held by him. i asked how difficult a moment is this for prime minister netanyahu is trying to stay in differently as 5 minutes to the know the state possibly out of j. frank assessments. how to relations decline between the media and the united states of america. the crux of

the matter is new jersey choice school ministry partners, and specifically russia inside story. on al jazeera, the of an independent review says, israel has failed to provide any evidence for those claims that some employees of the un agencies of palestinian refugees for involved and the to the 7th. a mazda attacks, the hello, i'm elizabeth donovan. this is allen to 0. i live from jo. how so coming up? dozens of students protest of supposing palestine or rest of the universities in the us. as demonstration spread to move campuses as riley settlers target to target

the occupied westbank village of full palestinians dare say that is rarely met the tree is helping them.