tv Business Deutsche Welle April 19, 2019 3:45pm-4:01pm CEST
3:45 pm
our young professionals in manila deal with high rents and. i mean for us all and let's to business beijing has just set up a suggestion box for its road it initiative it's under pressure on transparency from western capitals they say struggling economies are being sucked into the project and saddled with debt china says it understands the concerns and is calling for suggestions prior to an international congress. with a week to go until thousands of delegates gather in beijing for a summit to celebrate developed and road initiative china's singing songs of praise for the vast infrastructure project. the message on chinese state t.v. is the new silk road is a glorious endeavor connecting china with asia europe and beyond state lenders say the new silk road includes eight hundred projects with loans of over a trillion dollars critics say the belgian road is the way to expand chinese influence they say countries could be taking on massive debts. china's leaders
3:46 pm
including president xi insist the project has brought real benefits for participating countries. i would like to stress that this partner relationship is not a geo political tool but a platform for cooperation we welcome all sides equal participation on engagement. over one hundred fifty countries will attend and thirty seven foreign leaders have signed up china's allies like pakistan and russia will be there but also easily switzerland and austria the u.s. is sending only low level representatives at a belgian road conference in the united arab emirates officials are bullish. keen to beat. the chinese companies to use. two different markets from. some critics feel beijing is leading the world in a merry dance with some fans are clearly singing to the new silk road chuen. well
3:47 pm
andrea hang is our asia correspondent in singapore cliff it couldn't spend fifteen years reporting in china plate it will stop with you let's look at the numbers trying to spend one hundred fifty billion euros on the belt road so far loans total around a trillion can we already gain some sort of sense if they're working on a level playing field here with other countries well i think it varies from country to country but definitely people are countries along the route are very are very keen to take advantage of the money that's on offer so they want to get as much as possible obviously and china is going to possibly leverage that then to have more influence in the area but a lot of these countries are struggling economies and they are being saddled with unsustainable debt in some cases yeah this is the big fear and this is one of the things that the critics have been saying about it on their own they're worried about this what about this congress next week the world bank is going to be there
3:48 pm
the international monetary fund surely they'll be able to french the numbers they will they've they've said that they think it's a good idea but at the same time they have warned about the debt issue that you mentioned about these countries being saddled with unsustainable debts so i imagine that what we'll see is they will try to be supportive but at the same time they'll also be keeping a close eye presumably on the situation because for transparency is a big question andrea how does southeast asia view this project. well ben for a lot of nations the p.r.i. is an extension of an already you healthy and robust relationship that we have with china and many of these emerging markets that need the kind of money that china has but lately there has been a lot have been a lot of complaints as to how china is leveraging on the b r i agenda common complaints that include a falling into debt traps unsafe. contracts as well as diplomatic concerns with china gaining ground on territorial waters for example and what do you make of the
3:49 pm
participants of the countries that are attending this congress next week well china already has its friends from asia this japan and korea russia as well is going to be that the u.a.e. as we've seen is one of the lead us allies to vote for the b r i know it's also extended an invitation to a new friend and it's a closer than you think it's a north korea china's neighbor has been invited to attend the congress and they have confirmed that they will be sending a delegation next week and it's really interesting if it what do you think about north korea attending i think north korea going is going to cause all kinds of problems particularly americans who are sending just low level representatives i think that because of the growing closeness between north korea and. the u.s. are terms of resolving the nuclear issue chinese keen to remind the world that
3:50 pm
north korea's its main allies so i think there's going to be a big political dimension to north korea going there sounds like some complications thank you very much for coming in and very thank you very much for your analysis now as ukraine prepares for an election on sunday of course ruled the nationalization of ukraine's biggest linda. illegal since shock waves through the financial sector the ruling is viewed as a setback for incumbent president petro poroshenko in this weekend's final round of voting. every third ukrainian has a bank account here it's the country's biggest lender the news that it might be returned to private ownership as unsettled the bank's customers. before the bank was nationalized in twenty sixteen it had piled up almost six billion dollars in debt the government bailed the bank out and nationalized it blaming fraudulent lending practices and money laundering by co-founder igor color moist and other
3:51 pm
bank owners. as the country goes to the polls president poroshenko has ramped up a scare campaign with the bank at its center. one of the holes in the plan of one of the oligarchy is to get the bank back in case i lose the election as you can see they can't waste and they have already started realizing this scheme scam is a threat to tens of millions of clients who could lose their money it risks default in a new economic crisis for the entire country. color moisi was a political ally of president poroshenko until a falling out in two thousand and fifteen which resulted in poroshenko dismissing him from the position of the governor of an eastern ukrainian province. just a year later the ukrainian government launched fraud accusations and nationalize the bank. of court ruled on thursday that the nationalization was illegal ukraine central bank said it will appeal the decision over to our correspondent in ukraine
3:52 pm
it colony and nick i think it's really interesting that this bank is actually one of the biggest supporters of this comedian bottom is that he could that pose a problem for him. good afternoon ben well ukraine is a country used to conflict of interest to put it politely this is a country that has seen its fair share of economic scandals involving politics in terms of the story well it doesn't seem to be harming william as lenski at all in the polls if anything his lead ahead of proportion go seems to be increasing but obviously he's competitor his his his rival president poroshenko is portraying this as. one of his priorities he says alinsky will come to power and give this bank back to his back. to the owner of the t.v. channels that made zelinsky famous in the first place and it by observers to seeing this is a signal really the courts are taking one look at the polls and are convinced that
3:53 pm
he will be the next president trying to get ahead of the curve trying to not to do something that will get them in the good books of ukraine's likely future president what about the economic agendas of both candidates. well that's the big question mark here when we have this election campaign has been dragging on for months and we've had precious little in the way of detailed manifesto pledges i'm here in front of kiev lympics stadium where the two candidates are finally going to come face to face tonight for a debate in terms of pushing for well he points to certain achievements there have been. easing of the rules for the i.t. sector for private companies small companies easier for them to do business abroad and pay tax easy to get v.a. t. refunds but the critics would say nothing that really affects the vested interests the monopolies of the ukraine establishment selenski talks about shaking things up modernizing ukraine's governance bringing in more digitalisation but so far he's
3:54 pm
been pretty pretty slow to give us details he has brought a former finance minister into his team someone who has a reputation as being an economic liberal and someone who was a london banker so there is a sense there that he might be bringing in new people new ideas but as yet he has yet to really put the real detail on the table again for us there in ukraine thank you very much good to talk to. finally why put yourself through hours of commuting every week when you can live right there work in a dormitory it's becoming a viable option for many young professionals in the philippines who don't mind the youth hostel feel. this is a tale of everyday madness anyone who wants to get from a to b. by bus in manila needs nerves of steel traffic is complete chaos it's quicker to go by foot but then there's the risk of suffocation many people work in the financial
3:55 pm
districts of twenty five zero and mccarty most of them commuters. hippy no spend almost as much time on the road to work as they do in the office the daily commute averages about sixty six minutes but can stretch up to two hours because of crumbling road infrastructure and a poor public transportation system now living spaces called dormy tales are a cross between college dorms and hotels are cropping up across the metropolis offering a way to shorten the commute to work. there's not much by way of pretty and it's not cheap either about costs around one hundred fifty dollars a month even young people starting out on the career ladder earning around six hundred dollars a month after rentier people like zero arrows the bank workers shares a room with three other women but now she's only ten minutes away from work she used to have to get up much earlier. birthday am i one of the carpet that bank
3:56 pm
prepared and then i should be able to leave the house before six am. two hours. and forty five minutes so. a lot of. pressure. that would be almost six hours. it takes proper rest to build up a fledgling career which means more and more of these dormant tales are springing up there are no around ten thousand sleeping quarters in manila's financial district. sleeping in a. nice doing business with. they
3:58 pm
came to a wasteland and turned it into a path to. a conversion of the current land into india's only privately owned wildlife sanctuary. today it provides a safe haven for a number of threatened plants and. ninety minutes w. . belonging to one official estimates more than one point two million venezuelans live in colombia legally and illegally. i'd return to swallow. to visit friends is that i don't think i'd ever go back
3:59 pm
there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters. made for mines. the present bureaucrats most fascinating at its most exciting. most creative colorful glamorous truly tasteful innovators brilliant charming. and the resistible. on t.w. . her first day of school in the jungle. first listen to some of them doris green the moment arrives. join the ring to take on her journey back to freedom. in our interactive documentary. tour to tame
4:00 pm
returns home on t w dot com tang's. play. play play. play. this is e w news live from her lead the u.s. house judicial committee demands the mother report in full responsibility now because the congress told the president accountable for exactly. the committee issues a subpoena the report clears tromp of collusion with russia but lists a series of attempts to obstruct justice will go live to washington also coming up
4:01 pm
26 Views
Uploaded by TV Archive on