seeing this generalization, age workers, right side effects targets is an in depth coverage. how is any of this accept it? isn't that acceptable? i'll just say it was teams across the world. bring you closer to the heart of the story of what the hell i'm and they're gonna put on. and this is counting the cost on. i'll just say a we can look at the world of business and economics this week. germany is re engaging with china and trade despite the east flexing muscles with aging. so why consulate breakup with the asian china and from free full to rebound to nigeria? i mean, i'm a valley exhaust the economic performs box my jillions of bands 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 join general assembly about his call to action. china is germany's biggest trade partner bought. berlin also sees badging 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 is closest allies. the e. u has not several investigations into exports of chinese green technology to protect your pin industry from what it sees as unfair competition. the mutual method, dancler reports on what's at stake for schultz. 3 days in china for chancellor overlook, schultz and his entourage of the top chief executives from leading jim and companies

that's despite the german government announced strategy to reduce risk of becoming too dependent on china serializing buying. would you change it back in china, in germany, or the 2nd and 3rd largest economies in the world and the significance of consolidating and developing sino jem and relations transcends the scope of bilateral relations. it has an important impact on the u. ration content and, and even the entire world. china is germany's number one trading partner giant german, i'm 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 as a 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 acts 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 the one with the on the primary goal with the business must be to make profits. the chinese market contributes to fluids of global electric vehicle sales. so the chinese market is indispensable to the gym and call companies, and they also, i bill patronize the through germany's chinese partners c schultz has 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. continue to expand some of the areas country. maybe

not enough cooperation will not be enough german business presidency in china, such as agriculture, fluid, around a 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 spots 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 them, it didn't go 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 book, one of university and an advisor to the european parliament. i'm from sonia 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 is markets for foreign funds. i think one of shaun's wanted to see reality and the energy is driving across to business in china. they complain because they might be doing even better business. the chinese market is very important to them all as a production the venue. but also because i'm trying to use competitors. so now if you're in the body to godaddy has perhaps a different opinion. the dean would like trying to play investment ball rolling on the determine the economy. but the reality is different and china is just one of the biggest markets in the world and generally companies,

and that they're going to be there. and that's the, that's the relative to the fines and that serenity. yes. website. okay. uh, let's go on. do you agree with mr. gross, 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 shop, visit china, because as you know, the leaders, he wants to see what is really happening, right? because the bench is trying to, you know, plays, travel fancy build some level of market reforms. you know, like reduce nephew placed with 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 religious have to be a lot of things, but the unit is about the growing competition is

a consensus amount with the you members and the visit actually came after the launch, the, the rescue strategy reduce. they kind of depend on some china, right? and we have seen her so many stories and complaints about the i've been practiced at the chinese market. you know, where the chinese government has the advantage, mark you, right through the subsidies also through the federal fiscal or in, in financial, you know, support on by the or the 2nd little want to highlight is actually, is the structural differences in handling with russia, where i think during the visit, the shifter, the extra 20 doubt 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 use the edge of the assist as did 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 think on the other things would change because the visiting cuz the 2 sides have really felt a better idea. always divide on how to feel inc, dash holder. so these different as usual, continue to, besides you, because straight achievement and 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 of 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 always the capacity. it's, it's dumpling practices. mr. goes with jobs. the german chancellor stand on this. does he suppose that you are paid invest? the investigations will not the right thing. there is some difference of opinion among in your re batteries on monday, which is the wing right now. and because the german automobile producers are doing a very important business in china and a german automobile has also not feud strengthened by chinese impulse. and

therefore many it'd be by your own savings that this investigation of the commission was more french interests. and then german names, but germany is across the country in europe and you'll read you again, but it cannot always dictate what's, what's being done. and i think that is the difference between the or the level and the collection level. okay. particularly when you're wanting to use like towards use our reliance on china. the economic vanity is different. and i think this tension between politics and the economics is the bank problem. this is and this tension been looking for a long time. okay. and as you mentioned, missed a goal, as you know, we have the ceo of necessities of b and 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, and, and how important is that to china? you know, to show that it can do really good business and trade, whether you will be in country, in the backdrop of these tensions with the european union. you are the well, the key areas that both buyers will be really, you know, happy to work only is the great energy, right? yes, but we won't really, it's definitely because of russian where you're suffering from this adage, crises throughout the years, and they're going to use that. china is gaining the bomb pages and also can, you know, some how can you know, a company met with the bill of the 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 about to really the shape of it doesn't have to be brand new and about to really new shading but they can call, you know, they can think of the plans that they're marketing, that's the southeast asia, let's say, you know, indonesia, we are trying to get capitalized on jo minutes,

get biology and also the good image 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 towers, such as the ones that we saw. donald trump put on china don't actually reduce the amount of trade, they just redirect it. and that's exactly what the old serving ran. the us does not allow involved. so the cost, for example, problem china, then the, the, your being, the, produces the market for themselves in the united states. and then showing the export more to your. so ma'am you have the same thing also in asia where and the chinese change their to me it works to my asia, and then my laser puts things together and chip small calls, then go to the us. so this by natural tree, these by natural trade,

which invest ations bits in the us and china, back into the benefit of us life by the idea now. but also thank you and the website 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. just lost a missed call and let me put this to you, but the us selection coming up lisa, this yeah. how do you think china and the you and germany, how they look and get their relationship in life of it might be coming out of the us laser this. yeah. oh, i think there are a lot of a lot of things are going on. 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 parts. but with the fundamental view 1st has

been imagined previously, you know, about the article divide about, you know, how to play the much the role and also about the, you know, the perceptions of russia. i don't thing that, you know, the 2 sides will be, will be still continue to bramble width of issues that were in front of them. but up there. but as you know, german has been a very good example in terms of how to, you know, stretch out despite the, you know, constrain 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, but this 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. the nigeria as africa's largest oil producer, yet the nation's economy is in crisis. inflation is rocketing,

foreign exchange is in short supply and corporate giants leaving the country. 40 percent of nigeria as population now lives in poverty, president for lot to knew who took office last 2 has moved or the whole the economy and attract investment. but all has meshes working with you guys 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 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 to 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. of these reforms have been very taxing somebody's u. v. as population, inflation is at the highest level in almost 3 decades. the price of rise has doubled in the past year. well, petro price jump $3.00 folds and all this is pushing pressure on to boost government to prove the reforms will eventually end the economic pain. 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 as to obey. so the nava is rebounding but the co country is branding 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 was a software issue that's a gaming because for the generation enough for me to extend receipts,

but really from the export of the case, the b. as a result, there was a constraint around how much of the supply. ready it was, and i to an economy to be able to meet. it's consistent, being create the verizon, you know, look forward to want for the exchange and back sweetie. be just chatting for a long time. and again, we're not so much of a bank. i just went to the production station, it sends o'clock productions got to be tease on export the capabilities to, to reach the more probably next january 6th. so that supply gap is why you also private sector, but i'm trying to results. so we choose as to fund most of it. so should i say short term based reforms. don't see more recently. yeah, i'm, i'm glad you said, oh you, you're quoting them, short to reforms. 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 term 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 under estimation of the f one, investments behavioral and cultural change that needs to happen in the state or country, the most affordable part of progress and pass strategy. also given the fact that there was a weekly decal window in context, although what recently the crime doesn't restrict you on 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 to wrestle perspective 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 as 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 national local levels, uninsured government forms i refreshing of what the people need appointment time

and how much actual she's also lead to see if the percent of those reports i did the review of this policy paragraphs. 645 across truck stop program was a necessary condition to be able to set up the lead relief points for the insurance . recently, strategic on these subjects to log slide dimensions, those sort of power piece. i talked to the local economy and also inquiry long, all state trumpet, dumbbells sector image settings, to setup for you ex. that's, you know, there's so many men join because of the export ready, but they don't have the product that will access the market. it'll probably teach to, to, to do more with the amount of cost for this calculate the, because i'm going to be able to choose like, around each additional support the dimensions of logic thing. yeah, i was just going to say, so 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. i just would like to a link to the for, you know, a business environment. your logic states will see many of the major african nations rather what, what attracted already, bracelets of the case may be. so we need to, 1st and foremost, when i do i meet with these last functional charlie. and these are, i just talk to each other. i'm highlighted with something, but to any security, you know, on all of that. i don't think 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 as long as that is fixed with a very strong coordinates you 5 that's supposed to be mapped out according to the, to the few splendid when it should be. it's going to be a lot more easier for us to sort of people find a possibly. so what's the strategy review as long as i can strengthen 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 benefit and then get into the short term. and

that's because there was a degree custom meeting crisis and the argument jen is going for a for a close, low cost of confidence reaching and the most us and the case where prices of goods and services i'm a should be coming down even if we succeed unofficial, the cost of living prices like between the reducing to the corporate duction and consumption actually makes the right the cleaning genera. right. so what we now need is really freaking the sector. all, it's the visuals that must happen in the different lots of sites. those that have the capacity to re spend young people from just poverty or be 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 or landscape and flight provisions that kind of law. i'll spend the other piece on a scale of treatment, julian's needed the most to the full viable. it's also good side. i mean to be stopping it before the cost would be the crisis unaffected. 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 applicant 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 and development african beach, particularly each other that goes on developing to be owned upon the advocates, the context of the participating t v. john, you know, really needs to be looked at, meet new levels of student. thanks 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. front of me by 21st the we'll see it 1st truly in a while. more than half

a 1000000000 people will remain poor. eradicating poverty is one of the 17 sustainable development goals. so s t g is to be met by that year, which is 6 years to go many nations of tract to achieving the s p. jeez, 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, well, 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 the sustainable development, the 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 debt 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 repeating 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 to finance sustainable development to pay for schools to pay for medical facilities, centers, etc. it's a very difficult choice. so uh, what needs to happen, what the, when has been advocating and others is that there needs to be a reform of the international financial architecture to usher in a new period. which would 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 longevity of all 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. a 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 uh, shows that this way you can get in touch with us on x, formerly known as theresa on at list put on him and do use the hash tag a j see to see when you do will drop us an email counting the cost at elda 0 dot net, is our address, and as moved for you online at, 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 cost. and there's a put on them from the whole team. thank you for joining us. the news on algebra is

unique perspective. why is it the doctors didn't get to have to say? and any of the medical workforce has been so undervalued by the british government for such a long time on hub voices. tick tock had been a place for organizing politically, for getting people to vote for getting people to protest, connect with our community and tap into conversations you weren't find elsewhere. why is our government taking us to work on the basis of live? we the public have to get out there and do something about it. the stream on al jazeera, it's the, [000:00:00;00]

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the the protests in west jerusalem off to home us where this is a video of it is really captive, criticizing the prime minister the robot this and then this is obviously a life from dell. i'm also coming up dozens more bodies and finding mass graves in jobs are the you joins for you and i'm calling for an independent investigation.