Skip to main content

tv   Business  Deutsche Welle  April 17, 2019 7:15pm-7:30pm CEST

7:15 pm
he takes good personally i do anything with a little wonderful people and stories that make the game so special. for all truth . was. because more than football online. i was issued when i arrived here i slept with six people in a room. it was hard i was fair. i even got white hair.
7:16 pm
in the german language and not often this keeps me and they go but you need to entrap let's say you want to know their story. it's worth fighting and reliable information for margaret. is a nice surprise chinese growth done to impress investors but analysts say the official figures with caution to. the big bucks consultants say nigeria's music market is six weeks quote. and the president is going to stand up for africa women calls for the removal of obstacles for female entrepreneur. in physical and let's do business final east. comfort for investors efficient line in china today the
7:17 pm
slowdown in economic growth is not as bad as thought gross domestic product rose in the first quarter by six point four percent year on year and output surged last month. news that china's economy had risen six point four percent in the first quarter comes the welcome surprise weak global demand in a bruising trade war with the united states has weighed on the world's second largest economy for months beijing warns china isn't out of the woods yet. given slowing global growth and trade international uncertainty and domestic structural issues reform in development is an arduous task downward pressure remains. the uncertainties include the trade dispute with the u.s. it has dampened export growth and rattled market nerves investment is dropping their concerns about real estate prices and chinese consumers are spending less to soften the blow china has lowered labor costs and introduce tax cuts beijing is also trying to support ailing state owned firms while restricting capital exports
7:18 pm
to prop up the currency the measures are a temporary reprieve beijing now faces a delicate balancing act to support businesses in need of credit with eyeing to debt data last week showed chinese exports soaring past expectations in a sign that economic stimulus may finally be gaining traction meanwhile industrial production is growing at the fastest rate since two thousand and fourteen with growth from traditional industries as well as telecoms and tech. but some experts are asking about the reliability of chinese data the washington based brookings institution says china's real growth rate is actually two percentage points lower than the official rate. and i'd talk to cliff it couldn't about this he's top of the region for years the global economy as we all know depends on china and investors around the world place their bets on that growth rate but how trustworthy is it when i think that the investment banks and investors have always relied on the data because they have to they've no alternative but they've always had
7:19 pm
suspicions this goes back to history to the time when local governments used to pretty much say what they thought the central government wanted to hear so there have been suspicions because adoption and those there's still some lingering concerns about whether the real picture is being presented to the central government when they provide the information whatever the exact numbers actually are the wheels of a mammoth economy are in motion and they're moving it's an economy that is moving extremely quickly but how healthy would you say it is i think as you say this is a massive economy and it has expanded whatever the detail of the g.d.p. figures for example the economy has definitely expanded by a considerable amount it's slowing down but we're talking about lower percentage increases of a much bigger pie so in that way i think the fundamental health of the of the chinese economy is very robust however there are question marks to how it will deal with some of these issues that it's facing at the moment such as the u.s.
7:20 pm
trade war and other issues how is that playing into things it is more of a political thing or is it actually having economic effects big economic effects i think where you're seeing the economic effects particularly in the south of the country where a lot of the manufacturing is based because they would traditionally be the big x. forgers they're also reliant on that input from the u.s. so they're definitely feeling it but it's largely a political issue too that this is about the two great superpowers the emerging superpower and the existing superpower juking it out and one could overtake the other very close thank you very much. are we looking at a new global player in the music business studies predict nigeria's industry is set to explode in the next few years. the big question is where all the proceeds will end up using malcolm one hundred
7:21 pm
reports. putting the finishing touches to an artist's contract she's a label manager at nigerian media and entertainment company called chocolate city music which recently signed a major partnership deal with warner music for a. so what. gives more visibility on the platforms that we already have right now because we are spotify we are on we are and. this gives us an opportunity to be more visible on those platforms i think that is what is most exciting the company is also hoping to are more from royalties for example from performances by science artists like. that in other markets violently payments are already commonplace. if an artist performs.
7:22 pm
in london all two would report and pay the issue that we've been struggling with is within the. paying the amount they're supposed to pay the right time the relationship was sort of the right international pressure that we need within the market to get the structures working like they should. another chocolate city music artist who could benefit from these new structures is soul singer ruby she is currently working on her second studio album and has a somebody a host of writers for a production session. write this. it's like that would warner could make such sessions more profitable for local musicians. this know a writer. i can actually write music not just give someone or maybe get paid a small amounts of money for it but the fact that i could write music give it to an artist. for life make me money international stars such as fern omar's.
7:23 pm
and hardy the are all friends of my warner music that sounds promising to ruin. our people but i will fantasize about because. it is and i would love to work with last year's someone in music signed nigerian artist whisk them collaborated with major artists like brown but most of the money went to foreign markets and this warner deal make sure that the money stays on the continent. they saw that vision and they want to make sure that we build not just nigeria but sub-saharan africa because without sub-saharan africa can't have the content coming out of there it's unclear how the deal with warner will influence the jurors local music industry but chocolate city is hopeful that it might bring even more awards in the future. joins us from lagos now how do you nigerian musicians make a living when they don't get royalties. they make them through partnership deals
7:24 pm
sole actually when you entered a country of nigeria you will see the thing go burn a boy smiling at you with a bottle of star b. in his hands so this is a brand and most other nigerian artists make those their money in their revenue through deals with pepsi shell and then additionally to that of course touring and ring tones are very popular and the labels profit off of that because they have such call so-called through sixty deals which means they make money off of everything the artists do ok so we don't have to worry about the big poor artists but war isn't the first label to get into nigeria tell me a little bit about how its involvement is key here. well the special thing about one is that they have collaborated with a local label so we've seen the past two years universal music and sony music also building proper offices in nigeria which makes nigeria one of the only countries in africa to have all major labels involved but the warner deal is special because
7:25 pm
it's a partnership and tell me why nigeria why not other african nations there are a lot of other african countries with great singers and great african music. well nigeria has shown a big growth rate so we have twelve percent growth which is extraordinary compared to other markets also it is the most populous country on the continent so you have a bigger base of consumers you can reach and a key factor is it's an english speaking country so for example. currently burning up the billboard charts that would be less likely for maybe a french speaking artist from a lot of reasons that make nigeria profitable one of the little thing i want to point out with you i find it really interesting that the music industry's professionals such amazing video as we saw what about nollywood i mean nollywood does not seem to be up to beat. that is actually interesting because
7:26 pm
not only would doesn't show the growth in the same way as the music industry has been a report recently released and people are aware of the films but economically speaking they just don't have that pool the way the music industry has it i think what could play a role is the digital aspect of it so we have streaming and maybe the string platforms as far as television are concerned are just not as advanced yet what about you are you a good singer. i would say so yes in the shower i'm a good thing yes. i also saw you practicing as you were setting up your live shot there if you've got the rhythm that's. ok actually participated in the writing session. thanks very much for joining us from lagos. thank you very much for having me it was a great pleasure and poverty continues to grow in africa and yet women would help
7:27 pm
if they could or just too many obstacles for female entrepreneurs in africa and ivanka trump who has a message and some spare change in her. walking with usaid administrator mark green he's going to trump told the women at the coyote cocoa plantation they will soon be getting two million dollars it will come from the african development agency in the private sector and is aimed directly at them. to conjunction with the world cocoa foundation and all the private sector partners from freight companies who joined us today. and ministry to clean mentioned several of ours and cargill. joined us here. to celebrate what happens when you're in power when. the president of the kayak co-operative says the money will help them diversify into commerce. and what struck me about it which i liked is that she said she will give money to
7:28 pm
the women of the co-operative or rather to women to take charge. to the women so they can work so they can have several incomes. so the children can go to school. this cocoa work is not enough so. the ivory coast world bank summit brings together the development bank executives private sector leaders and business women to discuss support for africa's female entrepreneurs. nice doing business with.
7:29 pm
and. language courses. and. talk. what's the connection between bread. and the european union the nose. job you correspondent alan baker can stretch the. bottom of the world's supply.
7:30 pm
to. recipes for success strategy that make a difference. baking bread on the d.w.i. . this is the deadly news africa coming up in the next fifteen minutes with the continent roughly. i think on the fall of algeria is that del as he's put a freak out and so done so model bashir what happens often the dictators have been deposed we have a report from the gambia where one of the cool journalist tells us not much has changed since yeah jabot left office.

33 Views

info Stream Only

Uploaded by TV Archive on