tv Business Deutsche Welle January 17, 2020 7:30am-7:46am CET
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to stay behind and simply be able my husband went to peru because of the crises that i wonder if he hadn't gone there we would have died of hunger i don't want to sound. just released this week to w. . the scars of the trade war as china clocks its weakest are going to make a spanish in in decades how much cooling can the world's 2nd largest economy take and these sheep are the key to a croatian colony or delight that's one of the highlights as the world's biggest agricultural trade fair gets underway here in berlin. i'm chris cuomo welcome to the program china's gross domestic product last year grew at its slowest pace in almost 3 decades weaker exports and sluggish consumer demand weighed on the world's
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2nd biggest economy economic growth fell to 6 point one percent while that was within the government's target zone it was lower than economists had forecast that was nesta man for chinese p.c.'s and phones as well as products affected by the trade dispute with the united states such as furniture and textiles beijing and washington signed a phase one deal this week. china clocks the lowest economic growth in 30 years for more let's cross over to taipei and our correspondent so song hand so how much of that cooling can be attribute it to the trade war with the united states. well chris according to some at spurs i talked to the existing u.s. tariff on chinese goods could have a drag 0.3 percent of the g.d.p.
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growth and that is the direct impact if we count in the indirect impact of the global trade that's edition no drac of their 0.2 percent so if we follow this logic china could have reached 6.5 percent goal without a trade war even some say that china is also dealing with rising debt and could almost demand but the tray wall is still the key and that's why china wants to stop it as soon as possible all right let's bring in correspondent only bards of the frankfurt stock exchange here as well only tell us about the market reaction to these figures. well the markets initially react the very positively chinese shares went up and also shares and the nikkei the one soared to 6 months high but those gains have been pared the nikkei still positive but chinese actually losing a little bit you know on 2nd glance the number is not spectacular 6 point one percent
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that's almost at the bottom of the range that the chinese officially set for their economy 2019 yes there was that uptick in late 2019 that was a very promising sign based on a trade deal happening and not much still maybe happening to prevent that but you know when you look at the 6 point one percent and where it was only a little while ago and when you look at also all the criticism of the vote economists i talked to that the chinese to 6 are accurate that it's not all that good for the markets all right so back to you in taipei how does this weekend to get on with you spend ssion impact people's lives. well ordinary people probably won't feel it until they lose their job beijing is struggling to create over $8000000.00 jobs for college graduates each year and some said that the trade war may have influenced around $4000000.00 jobs and that's half
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it and we know that unemployment green social instability in china and that's why the chinese government has been emphasizing the importance of job creation in a time of economic downturn now that could be a problem going ahead though because china's state power company which has to make dependable long term evaluations is expecting g.d.p. growth to drop to 4 percent within the next 5 years how realistic is that well it's it is realistic but the ruling chinese communist party is under a lot of pressure to present a good economic result ahead of the party's 100th anniversary in 2021 so that's why the chinese government is paying a lot of attention on the slowing economy and the chinese leaders will have to ensure that economy growth can remain between 5 percent to 6 percent so a 4 percent of g.d.p. growth number is possible but we probably won't see it because the chinese got more
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try every way to stop it or at least back to you in frankfurt looking at this year what sort of economic output was sort of the economic growth our investors are expecting from china now that this phase one trade deal has been sealed with the united states. you know i'd personally hesitate to venture to give you even a trend but i think that with the trade deal coming and with the chinese dead set on keeping the economy on track come what may with monetary policy with fiscal policy that is stimulus for the economy when it comes i assume that it will be at least about the rate that it had in 2019 with but with the trade deal coming you have to know there's going to be no easing of tariffs until the comprehensive deal is sealed so that there won't be any quantity of real monetary easing for the
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chinese and for us in the rest of the world if the chinese want to even fulfill the promises they gave to the u.s. to buy their products as part of the phase one deal that could actually hurt people in the rest of the world when the chinese have to buy u.s. products replacement for products that they bought elsewhere in the world china's economic growth is cooling further only bards and frank furred and so sun hand in taipei thanks to you both. and we'll continue with the following story shortly after the ceiling of the u.s. trying to trade deal the european union has cast doubt over its legality the use top trade official has pledged to investigate whether china's commitment to increased purchases of years goods by $200000000000.00 is w t o compatible block says the amount a legal challenge if it finds violations my earlier chinese vice premier you hit
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insisted the pact complied with the regulations of the world trade organization let's take a listen what he had to say there are 2 full. there are 2 important conditions no negotiations the 1st one is not hurting the 3rd parties and the 2nd one is sticking to the principles of the world trade organization. china's imports are actually based on the market principle on the rule of supply demand. enterprises import according to consumers demand on the supply demand relationship of the market. imports will be scrupulously checked by domestic consumers so generally we believe that it won't hurt the interests of 3rd parties you can show. you're going to design the the chinese vice premier speaking there and now to some of the other global business stories making news microsoft t.v. executives such an adult has promised to remove all the carbon his company has
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emitted from the environment since it was founded back in 975 dame succeeds the role by 2050 by becoming carbon negative by 2030 this parent company abbott has become the 4th company to be valued at a trillion dollars the firm's stock traded at a record 1.45 dollars a share in new york on thursday he joins allison apple and microsoft in the so-called trillion dollar club. japan's environment minister has become the 1st cabinet member to take paternity leave announcing the birth of his son. sumi said he wanted to set a good example for working fathers faced with an aging population and low birth rate japan recently began promoting per turn a dealy. the berlin international green we gets underway today it's one of the world's biggest agricultural trade fairs and has been held here in the german capital for nearly
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a century this year's partner country is gracious known for things like wine and citrus fruit and a special kind of cheese that's only made on a very remote island let's take a look. around a 100 of pack island sheep belong to the saloon a family but farming isn't the only source of income. like many other families this moonies also work in tourism and the summer. that's because bringing she is labor intensive often arduous work. if you can give money during this the problem is the young people don't want to do it anymore magick round. the park sheep is a unique breed which only lives on this croatian island. the animals can get by on very little and they have to food is often scarce here. this
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dairy was built with help from the european union which croatia has been a member of since 2013 this family business uses the sheep's milk to make a croatian delicacy a kilogram of this cheese costs up to 70 year olds like many other croatian food produces the company focuses on nice domestic products that are increasingly being exported. but we are trying to reach. your being raised. one on one and your. preparation agriculture is diverse because of the many different types of climates across the country mandarins and oranges growing there at the delta and i harvested during the winter months the yields this season have been poor because there's been too much rain. the majority of the plantations belong to the state which is a source of much grievance for the farmers because the government to stopping them from becoming landowners that compazine vestment and many young people decide to
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leave says. he's founded an initiative that calls for orange plantations to be privatized. do you want to campaigning for the tenants of the products to be entered into the land register as i you know has said that they can finally apply directly to the european union for subsidies. many tenants of orange plantations have to work with basic means. this premiss actually a carriage and the workers make do without modern bottling facilities 27 year old if ano church hopes to build a large bottling plant say in. he had lost her left to fight their own battles in this industry the neighbors with plantations don't give you anything people work against one another and undercut each other with dumping prices. are great culture doesn't have it easy on the european market the small structures often lack the
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capital and expertise to compete on an international scale. and that our software program as usual you can find more on our website dot com slash business or better yet follow us on our social media feeds on twitter or on facebook i'm 1st called we're in berlin for me and the entire business team thanks for watching and have yourself a success. secrets
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mark the way to when you're growing. global auto with mobility every week w. o 4. hello and welcome to arts and culture oberlin fashion week is in full swing and in times of climate crisis making a concerted effort to clean up one of the world's most polluting industries we'll find out more and take a look at these stories. the charismatic christian up pasta of a stone is the new woman wielding the baton and driving the action into a hot tub basel production of put chinese law boy. and we visit the house in
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pamplona which has earned itself the title thanks to its award winning and on embellish concrete design. well since 2007 berlin fashion week has taken place twice a year in january and july and over the years it's earned a reputation as a great place for young designers to earn their stripes but young designers are by definition tapping into the mentality and aesthetics of millenia old and even gen says which means that sustainability in the industry has grown radically important and that's where the new a new trade show plays a major role. sustainability. some of the environmentally friendly fashions on display or even runway ready. has moved on from the crunchy granola bar of the past back to the berlin trade figure for sustainable fashion the focus is on where ability and be.
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