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tv   Business - News  Deutsche Welle  January 21, 2019 2:15pm-2:31pm CET

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she plans to and the country is fundamentally. lawmakers rejected taking you divorce dean nostri. disturbing news because get as close to standing by for you he never moved on the was because on president's visit to a budget that's coming up shortly. i'm going to. take it personally. with a little bit wonderful people and still make the game so special. for all truth in all cases. because more than football online. you're going to an official estimates more than one point two million venezuelans live in colombia legally and illegally.
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returned to. visit friends i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. witness global news that matters. made for minds. china post slowest economic growth since nine hundred ninety sparking concerns about the knock on effects for the global economy is it time to pack your bags and run. also coming up debt has been growing for a decade across all major economies now a new study shows we're at the brink of collapse and must put the debt brakes on before it's too late. gloomy headlines there this is your. business update on how to office in berlin china's growth rate has slipped to its
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lowest point in almost three decades fuelling concerns over a knock on effect on the global economy and prompting questions as to what is behind the slowdown and whether the rest of the world should be worried. once upon a time chinese economic performance wasn't global news those days are long gone the country's growth rate now act as an indicator for the health of the entire world's economy no wonder then that dissonance meant it was so hot the anticipation. according to preliminary estimates the total value of china's g.d.p. was ninety point zero three trillion you won the mind to to a six point six percent year on increase that figure outstripped the anticipated goal. six point six per cent it may not sign to shoppy but take a look at this
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a decade ago chinese economic growth was hovering around ten percent in the year since then it's slowed steadily and what's worrying investors is that no one knows when that decline is going to end the reasons for china's slowdown are manifold domestic issues like a slowing property market are putting pressure on growth. but even more worrying to the global markets is the continuing trade dispute with the united states the two countries are currently holding a ninety day truce which their leaders agree to after dining together at the g. twenty summit in argentina for their trade talks are set to take place next week but after months of volatility a resolution may still be far off a further escalation could have a dramatic impact on the chinese economy potentially setting in motion a decline in the rest of the world too. so let's bring in our financial correspondent. by singapore a new figures there charges growth is the slowest since nearly thirty years how
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much alarm is there in asian markets. well look at market performance in asia today get hard you'll be hard pressed to find any sign of along with most numbers on the up but that doesn't mean that isn't concerned obviously the u.s. street where the trade will that the u.s. has sickened at all on china's growth china post its weakest number for q four in the last decade a six point four percent. number there is another deep rooted cause behind this low pace of growth and that is this is china's really chronic debt pile that's in plaguing them for years and investors are not entirely convinced that these fresh stimulus measures that were announced last week including tax cuts as well as using bank lending policies are going to help in the near term. in singapore thank you very much. and there just mentioned the concern about chinese debt and
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exactly that is another issue weighing on investors' minds right now the extraordinary high level of debt across major economies a new study just out from the bill back bank and the hamburg institute of international economic warns a new economic crisis could be looming and many countries are carrying dangerous levels of debt let's have a closer look at that among industrialized nations japan has the attack in terms of debt it ballooned to more than two hundred thirty percent of g.d.p. up from one hundred eighty three percent just ten years ago it's not for the strong if not for its strong export economy markets would be punishing japan much more the us second has also climbed to around one hundred six percent of g.d.p. there's been a fifty percent fifty percent hike from two thousand and eight levels rising interest rates will only make servicing that debt more expensive and donald trump
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has lowered taxes and last but at least the eurozone isn't exempt its high debt levels would stand out even more if its biggest economy germany hadn't gotten its house in better all over the last few years southern european countries have much higher debt liabilities than germany so let's bring in having furcal is a senior economist and director at the hamburg institute of international economics who coauthored this study you're warning about these high levels of debt what would happen and if it is it indeed thinkable that any of these economies can default. i think some of this problem has been overlooked so far by markets but we have seen that in the aftermath of the global financial crisis in two thousand and seven and eight sovereign debts ratios has increased by almost thirty percentage points to over one hundred percent of g.d.p. so now we face a situation where a dad overhang is combined with monetary policy operating at the lower zero bone
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but now we are at the beginning of a global economic downturn and interest rate increases so this problem can increasingly become a huge problem for the global economy so and in a situation we have with a lot of uncertainty on the markets this could easily lead to kind of contagion among other major economies really you believe that we're actually standing at the brink of the next big economic crisis. well not yet but in the medium term i think so because this uncertainty of these sovereign debt ratios are are compromised with. national governments that are well rely on on very short term oriented monetary and economic policy. so trust is undermined by all of these governments so the combination of all these
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factors that the consolation is likely to trigger not a debt crisis but probably a banking crisis or currency crisis and there is a strong internet connection between all these kind of crisis so. well we should have a closer look on that levels and well. take care of it because we on the downturn of the global economy and in the economy as director of the. of international economics thank you very much. the president of it was because ton as in a berlin today president shot mr yes wants to boost time with but once known for its repressive regime it is now opening its doors to the rest of the world and introducing liberal reforms a construction boom has hit the city of smart and not everybody's happy about it.
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tradition for progress past a future in some icon where walls look like the backdrop of a beautiful fairy tale this question is more topical than ever. like almost no other city in the past some good space samarkand is known for its ancient architecture and to the survival of tradition but could this fairy tale of a thousand and one nights be over if more skyscrapers are built here. authorities have been building in some a cunt for the past year. more than apartments are desperately needed as well as luxury shops and large hotels. third largest city is preparing itself for large numbers of tourists from around the world but they are building full calls as well an entire district made up of sixteen storey buildings with modern living made in a speck of. this man is giving more than some of its new form.
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the architect he mall is coordinating the construction work. no imports. lives new political and economic impulses can be seen most clearly in the construction industry and landscape architecture and in order culture. is. one thing it is very important to write him all of that some a condo becomes a green awaits us like in the middle ages during the famed silk road where the city situated. on behalf of our president so we're drawing up the general plan for some account are made objective is to restore our history. says that's not true story. this story goes beyond fairy tale backdrops to that part of the old city where some account residents live some people here are afraid their homes will be demolished to make room for the
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beautiful new tourist world called some account city critics of the ambitious project fear the boundaries of the old tom will be arbitrarily changed according to the investors needs. that's what happened when it was back and was part of the soviet union. in the eighty's a lot of industrial companies were built in the city center many old buildings had to be removed twenty five percent off the center was demolished and that's why i see the development of the city differently so-called buffer zones should not be used for high rise buildings they must not destroy the silhouette of the city. the absolute. i can say with absolute certainty that at least according to our general plan. will be rebuilt like a single city monument so that everyone who comes here feels like they're in an open air museum. open air museum with plenty of space to live hopefully
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a modern dignified life at least that's the vision of the urban developers of some account the question now is whether their plans can become reality. that's it for me and the business team more do follow us on facebook and on twitter you underscore business if you don't already do that this was more news coming the talk on the arm but the states you have right now for you go india that's up next right here on the t.w. just after this. could market up to buy a. truck
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. seemed more. bank interest more surveys in india silicon valley lawyers say is running out of breath a question he says yes has created almost a crisis this is the meat sustainable solutions and the money should be to resign and ancient tradition. feel.
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hundred small fee of say in my columns. where i come from roger or demands on him for continuity soft transmitting and warmish and when i was young my concept was wrong and. the more troubling. most people cause of entourage receivers. it was my job. to turin one of the not just on sites so it's on everyone in the column for missing toes against. nothing has been from inside the mind known comedy had been drawn months more design. even by us i was its words.
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my choice to be scott because given their way toward transmitting the troops. and then the question how much and i was nuts to top. the top. of the. whole welcome to a brand new episode of equal india a sustainability magazine vivi train the spotlight on solutions for the biggest environmental problems affecting us to date on some of the trouble coming to you from mumbai in india over the next thirty minutes why delis largest river use and nearly did and what can be done to see if it could traditionally wales be the.

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