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new global 3000 series of threats you're facing the heroes taking us bands. it's not them know the like the global $3000.00 series starts june 21st on d, w ah, china hopes to diffuse a population time. bob, beijing is now relaxing rules that allowing 3 children per couple, a response to an aging society and falling birth rates, but it's up against the growing middle class increasingly has other priority. we'll talk to an analyst. also on the show germany records, they record club prices in may from a year earlier. so it's inflation back or is the economy merely adjusting as it

recovers? as many workers have had a tough time during the panoramic, but especially new workers will look at the challenges facing to recent graduates in germany. hello, welcome to the show. i'm seeing beardsley in berlin. but the chinese government has announced that married couples may now have up to 3 children. the change in palsy follows decades of restrictions that have resulted in a rapidly aging society. it was the 1979 that china during a population explosion. first implemented a one child policy, it included 4 sterilizations, led many parents to board their baby girls and began a steep decline and birth that continued for decades. the government raised the limits of 2 children and 2016, but it had little effect. one reason is that there are fewer young women relative to men. more women are meanwhile, pursuing careers and child care remains very expensive in cities. trying to fertility rate is now just $1.00 children per woman. the number needed for the

population to maintain its size is 2 point one percent. at the same time, people are living longer, the combination of a shrinking labor force on the one hand and the rising cost of elderly here on the other could have a profound impact on the world's 2nd largest economy. china needs more children. delay to census shows a steep decline and birth rates for decades, couples who are allowed just one child in 2016. the limit was raised to 2 in the future couples can have up to 3 children. but many, especially in large cities like shanghai can't afford to raise several kids. so there's skepticism about the new policy. would tell if the conditions were right. we'd have more kids nowadays young people have to buy a house. there's already a lot of pressure. and then you have to consider the costs of the child's education and other things. i think this sort of policy will face difficulties. last year, only 12000000 children were born in china. that's not enough to stop the

demographic trend and counter the aging population. even analysts believe paging policy shift is unlikely to achieve much success unless the government introduces real incentives. so providing a special alliances to couples who have 3 children, you know, reduction, fortunes, filtration, and other incentives. i don't think the chinese suppose i'm going to have more kids in the coming years. the chinese government has yet to announce any major incentives to bolster birthrates frazer, how he joins me now. he's a china analyst and author of red capitalism, the fragile financial foundation of trying to extraordinary rise, fraser, welcome to the show. what exactly is the danger of china's current demographic trend? well, the simple and shell are good, but you simply don't have enough young people working directly. dollars to support

this very large group often offer a tire people. the simple model in china is poor one for grandparents too, and all being supported by one worker down at the bottom of that back a bit. and so it's very difficult economic situation and it's many people talk by trying to getting old before it gets rich and that's where it finds itself. fraser, are there also other priorities potentially as this middle class in china grows? well yeah, i think the passenger in your response on that ultimately raising children in china, the chinese property prices are very high. education is very expensive relative to income. and so it's all very well commanded. more children learn for more children, but you cannot command more children on demand is one of the limiting growth and there one child that you can betty brutally and for you cannot force people builder

and say that you can all the cost of doing so. it's betty betty top and then with aged parents as well. you've got your trapped in the middle looking at their multiple children and then also look after multiple elders don't choice of the middle class. do you expect pages to introduce incentives to release some of that burden on families? well, well look, if you look around dasia, korea, and singapore on call her old, facing the same issues, singapore. but i'm based tried incentives for many years and has completely failed . the bottom line is people do not want to be having more children, and therefore they doing one of the things that beijing can do to avoid the demographic problem is increased pension ages. at the moment, women are tired. and then basically at $55.00 or 60 and that can easily be increased at least on paper, and that we take some of the pension burden off them. and so there's a number of things they can do. i'm sure they will try other measures because this new policy will simply fail. it will not increase the bar, but it's a very,

very difficult training. all right, fraser, how a, china analyst and author, thank you very much. thank roger. let's take a look now at some of the other business stories making headlines, the german government is banning flights that cost less than $50.00 euros. germany's finance minister all off schoultz wants the same master to become law. planets being well welcomed by germany's largest air carrier with tons of plans on reactivating up to 50 aircraft in the coming weeks to the rising demand. comic volkswagen and former c o martin winter court have apparently reached agreement and the emissions manipulation scandal. according to media reports, winter corn has agreed to pay v w some 10000000 euros. the w supervisory board concluded that winter court breach his duties of care for not properly explaining circumstances. new figures showed the indian economy contracts by record 7.3

percent last year. it's worse recession than the countries independence. millions of indians are now out of work. analyst expect the economy to continue to faith pressure as it struggles with localize restrictions and a lack luster. vaccine roll out german consumer prices rose to point 5 percent in may from last year. the highest year on year increased and september 2008. energy prices lead the way up 10 percent. the 5th, straight month of rising prices in germany coming as consumer activity picks up. the german bonus bunk says inflation could briefly hit 4 percent this year. without we go to asha tosh, pandey, our financial correspondent, frankfurt, osh. good morning, 1st of all. so price is up for the 5th month in a row. this was one of the biggest jumps that we've seen compared to last year. is inflation here, or is this just part of the recovery? i've been wanting see via it's a mix of effect is actually recovery. 31 of them there is spent of demand. people have been sitting on loads of savings, and now they're going on

a spending spree. so that is pushing a prices and then they're temporary factors like supply chain destructions continue shortages. we've seen problems with the said we conduct to industry. so that is again putting pressure on prices last year. if you remember, the german government had given a temporary to believe of 3 percent, as far as a value added tax is concerned, that has been reversed. so that's again like competitively the prices have gone up . energy prices you mentioned last year. energy prices had just tanked and they've recovered since then, and that's, that's reflecting in the prices now. now should touch central bankers of course, watching closely these trends. what does europe central bank likely to do? when it's likely to look through this data, i'd have said that it is not going to died in the money dots anytime soon. it seems most of the fact of shooting inflation as john c 3 factors that are going to stabilize ones, the economy,

stabilize things like supply chain disruptions and higher commodity prices and, and all these things are going to stabilize going forward, the e c, b, things and then job market remain weak. that's, that's actually something the bank is looking at where growth is still subdued. and also recovery is not given at this point in time because there are still many people left to be vaccinated. and there is a mutating virus after all. so yes, these are the factors that were from the e. c. b to actually look through this data touch monday in frankfurt. re much or protecting workers has been a focus of almost every government response to the pandemic that's often overlooked . new entrance to the workforce. that is young people getting their 1st job. we're beginning training programs. here's a look at to recent graduates in germany struggling to start their chosen careers. julia nichols is 23. she graduated with

a degree in tourism and event management last october. and so i always thought nothing could go wrong as i went into event management. the opportunity seemed endless. weddings concerts, conferences, no one could have imagined. they'd all just vanish. stuff i've been applying for jobs since i graduated in october 2021. but i sent out 45 applications. i 7 are pending and i've had 38 rejections. i'll stand after that, i think. and tony schultz is 18 and graduated from high school last year. she spent months applying for a spot to apprentice as an administrative assistant. finally, she got lucky. i got a place, but because of the pandemic they kept postponing my contract than at the end of may last year i got a written cancellation. they said, due to the pandemic, they had to attract their offer. the german trade union federation is alarmed by the lack of opportunities for young people. do you like optimal situation on the

job? training market is serious. we've seen a drastic drop in the number of vocational training places on offer, and it's harder for young people to get in touch with businesses. because trade fairs and internships have been scrapped due to social distancing regulations. the bleak outlook weighs heavily on young people already suffering from the isolation of locked downs. julia nichols by nature, confident and optimistic, feels despondent over the string of rejections. but after 38 rejections chip away, at your competence, you have to keep telling yourself, it's not me, it's the situation that's to blame and i can't give up. i have to keep trying. like i'm, i don't give up. keep trying. montrose that antonia shult found hard to follow. she wouldn't have managed without her parents help me because everything's gone. i wasn't coping well at all. i knew i had to move on and apply elsewhere, but the deadlines at all expired. and i knew that if i sent in my application 3 months later, my chances were next to nothing. so i had to look for alternatives available.

almost for them to go through her persistence paid off. now antonia has a training job for you making is like it's a very decisive phase and a young person's life. they need easy access to training and the job market. if they can't complete their training, it becomes harder to compete. they'll have to accept short term or poorly paid jobs, or face long periods of unemployment. that really is precarious. julian nichols hopes her job prospects will improve as jeremy's vaccine rollout picks up pace and she will no longer have to feel like her entire future is on ice. and finally, the latest edition of madrid was young has opened its doors to over 100 renown, oven guards shots from across the world. this year's edition focuses on what's known as circular gastronomy that is used ingredients source straight from producers that are cooked immediately. one of the most innovative creations on show

is a hand made from her that right, which has brought its creator angelic, all international acclaim or his reminder of our top story, this our chinese dealing with a rapidly aging society course engaging to change as long standing family policy along families to have 3 children instead of to sustain its labor force as a future for me and a dw business team checks out on line t w dot com slash business watching ah, a football or without a team trainee. without a mission, a student without classmates, young wants to get out and trying new things for themselves. but the panoramic is forcing them to keep putting life on home. in the pandemic,

close up next on d w. these places in your records, the step him to a poll venture, the treasure map for modern globetrotters. just cover some of your record breaking on your next to and now also in book form me ah, they are raring to go. but instead of freedom and adventure, they're mostly confronted with their own. for was our young people coping with the pandemic? we follow high school student comp, medical, student rica, and hotel trainee alaina. how is the lockdown affecting been the ones that we

had before? so i'm sick and tired of sitting here staring at my laptop and let.