just remind myself, because i grew up in a completely different way. i love broad explorer and stickers. jewish senior, the 2 port documentary starts july 5th lawn, d, w. i a from impoverished peasant state to a global power. china, the communist party celebrates, is $103.00 and, and it cannot make success story but counted love. we talked to a china expert in singapore, also coming up at the last g 7 from me to lead us agreed, a global corporate minimum tax. now the host of the meeting, britain pulls out to protect the city of london business and welcome to d. w. a. business,

monica jones and berlin. good to have you with us. big day for the chinese communist party. it's celebrating it's 100th anniversary, but even more interesting the last 4 decades in which the party reshape to the chinese economy and turned it into today's asian power house. back in 1978, china was an impoverished passion state. the communist party under dang, shopping, decided to bring in a rule, rule reform to increase agricultural production and reduce poverty. later the chinese leadership established special economic zones to attract foreign companies and grants. state owned enterprises. more freedom. china quickly became the factory of the world's basing, then gave a massive boost to the construction sector, building roads, bridges, buildings, and railways. today the economy is one of the world's most populous countries, of one of the world's most popular countries in still growing and not even the

financial crisis or the code. the 900 pandemic could put a stop to that. and for more, i talked earlier to fraser, how we an expert on china, on the author of the book, read capitalism. and i asked him what the role of china's economy will be in 10 years from now? well look, i think if you're simply looking at the numbers, then the chinese economy is going to be bigger. it's probably going to continue to grow the headline growth rate, so will be lower. it will clearly be a very dominant player on the global economy. but the creative it will be how much it will be able to reach or will it's company to be able to reach beyond it. sure, sure. so far from that, i would also say, well, they're on the radar. it's very important to remember in china. i think you simply can't separate economics from politics. the party certainly does not do that. she

didn't thing see the politics, instrumental as you can army. and i think it's very important to remember that because we're coming into much more volatile time, i believe are china and keeping those 2 things together. it's very important. you say that the shooting, paying as he is the party politics, politics, also instrumental for the economy. i mean, the economy has done pretty well. where does a communist lit country like china fair, better than the democratic economies like germany or the united states? well, frankly, it does not german per capita or us per capita g d p is older, but it isn't. china trying to rival with years is brought it to basically average rates of global per capita g d p. we must remember as well that for the 1st 30 years, a communist party will they largely run the economy into the guy. and the reason of the not calling me in the late seventy's and that was because a communist, all of it being

a communist party getting out of the way and letting chinese themselves take control of their life, which is a driven phenomenal growth. but ultimately, trying to still remain relatively up your country. so there are problems the head. can you name a few? sure, there's a lot of problems ahead. there's a number of them that obviously there's domestic issues or damage traffic, but there's an aging population. there are relatively low skill attainment, great that help metrics are relatively for, but i think the biggest problem they have is, i think she, she didn't pick geo political overreach, that the geopolitical situation for trying to become a lot worse. since you come to power. it basically picked to fight with the us that much of the developed world. and you know, china is highly dependent on the good well, the rest of the world and for doctors, for oil, for many other commodities to continue growth. so i don't think the last 2 years, that's all a good idea, a good model to think about the next coming years in china. and i try to how we,

there china expert and the author of the book read capitalism. thank you so much for sharing your insights with us. now, it was hailed as historic and a sign of renewed global cooperation, a new global corporate minimum tax. it was agreed by the group of 7 economies of the summit in cornwall last month. now the sum its host britain wants to pull out again. the u. k has secured an exemption for financial services and a move that would ensure the city of london, largest banks do not pay more tax and their profits in other countries. the global minimum corporate tax scheme has yet to be accepted by the g 20, where countries such as china and india. i've already raised objections from what i'm doing by alex comp him. he's an economist on the c o of the tax justice net. we're good to have you with us now. first of all, how just is britain's move to pull out of a global tax deal?

it agreed to only weeks ago as the host of the g 7 summit. so to be fed, the u. k isn't pulling out what they've done is negotiate a camp out for the financial services sector. and this was actually envisaged in the original movie cd proposal in 2019. so it's not a great surprise they've achieved this. but on the other hand, a great many countries of the 139 in the inclusive framework have made submissions to the c d asking for changes to be made, and most of them have been ignored. so there is a clear injustice in how the process has been taken forward. so, okay. the a britain is, has, has carved out not pulled out, but you mentioned other countries also have some concerns about this deal, which as far as i understand it is actually about more fan this falls with the problem. one thing we've seen is some countries have tried to take the word fair

out of the proposal because they're so enraged at the unfairness that there's 2 real things that the big piece of this isn't the what's going from the digital tax, where the u. k. looking for a carver, it's the other piece, the global minimum type rate. now, if that seems forced, it really is the biggest change to the tax rules for a century, and it will stop a lot of the profit shifting to low and 0 tax rates jurisdictions. and so there's 2 types of opposition. one is the opposition lead by island, but also including luxembourg and others who don't want to see the model of profit shifting at the expense of the country shut down. and i think rightly the obesity is largely ignoring them. that's an old business model and it's time has passed. but then there are countries like caution, tina india, indonesia, all of whom can see that most of the benefits of the research. the proposal will go to the g 7 countries and some other are you see the members instead of being shared

with them. and it's on that issue that the o. e. c. d is really in a tricky position. it's ignoring a lot of big g, 20 countries who have an entirely reasonable expectation of getting some of the benefits at to some said the city seems to be listening to the g 7 alone. right, so just very, very briefly, alex, yes, know, is a deal actually possible given for huge number of different needs. oh, it's going through the cd and the usaa twisting everyone's arms, but i think whether it's delivered is another question because it is so clearly unfair. i think we'll see a pushback to move this to the united nations because the cds teamsters to a blueness john's now right, alex, come on there from tax justice network. thank you so much. thank you. now let's take a look at some of the other business stories making headlines. competence among major japanese manufacturers has hit its highest level since 2018. that's according

to the bank of japan's tongue con survey. it says businesses, there are benting on a strong post pandemic recovery. despite some acts, nissan has announced plans to build an electric vehicle battery factory in britain, the japanese automaker, together with its chinese partner. envision a f. c wants to invest 1200000000 euros in the north of england. about $6200.00 new jobs will be created. the batteries could power, $100000.00 evie per year. that's electric vehicles. of course. faster retailer gap will close all stores in britain and ireland, that's 81 stores, some of which had been open for more than 3 decades. the company wants to keep building close online only, and it's looking for a distribution partner upon a project now allows vaccinated visitors back to thailand, locals. they are hoping to get their business running again after

a dramatic slum due to the corona virus pandemic. the united nations estimates the crisis cost a global tourist and sector over $4.00 trillion dollars, and it will take years for things to fully recover the water. kevin solute for the 1st plane in the year to bring international visitors to pool kit. they came in on an 18 machine from dubai. ready to spend some relaxing days on thailand, speeches for locals. there were sign of better days ahead. lake boat owners some suck. bit lau who's had just one customer over the past month. earning him $40.00 before the pandemic, he made a $100.00 a day. his hopes now rest on the government pilot project. as of today, vaccinated tours from all over the world can visit the holiday or region of pocket again. for that one would not have a lot of hope. customers stayed away for

a while more than a year, almost 2 years now it's dragged on for so long. it would be great if we can reopen again. but if it doesn't work, we'll just try and stay alive. i don't know what to do. many african countries are in a similarly dramatic situation. in south africa alone, one and a half 1000000 people depends directly or indirectly and tourism. hotels safari parse gastronomy and transport. more than half of these businesses haven't been able to cover their fixed costs since 2020 experts fear it will be a long time before tourism returns to pre crisis levels. not just here, but world wide. we are currently you need to national tourism at levels of 30 years to go. so basically we are in the years 18. so not, not much crowd the the problem that we are mainly facing is that many

likelihoods. that's really a threat and i will pick it up from the policy recommendations. we have lost 1000000000 travelers. so 1000000000 opportunities for people to be live records, especially in developing countries. the u. n. report painted in picture, predicting the global travel industry won't be back on its feet until 2023. far too long for the millions of people dependent on tourism. just under 10000 lines of code, not much to read, but they revolutionize the world. the original source code for the world wide web sold for $5400000.00 in an online auction at the beast. incredible thing job. but the coach was written by inventor tim berners lee, just over 30 years ago in 1990. bernice lee has now sold the coach as a non fungible token or and if t as a kind of crypto acid,

which records ownership of digital items of power. the internet of course, been sold. it can still be used as usual. so that was a vision. now that's good news, that's your business update at this hour here and dw for me and the team. berlin, thanks for watching the news. the fight against the corona virus pandemic. how has the rate of infection in developing what the us, the latest research information and contact the corona virus? coven, 19 special. next on d. w. you ready to get on? the places in europe are smashing all the record. more

venture just don't regret the treasure map for modern globe. trotter's going for some of these are 2 wicker breaking you know, doing book form ah ah, not his lease was one of the 1st germans to contract cove in 1900. and she was one of the 1st to see that symptoms can remain even after the virus is gone. 5 months later, she was still experiencing difficulties. as you can see moodle, i'm very tired. i can easily go to bed and fall asleep at 8 o'clock. that wasn't the case before. yeah. and that's the main problem. the tiredness, it's really debilitating. some tend to 20 percent of those infected later suffer

from long coven. recent studies suggest women are at the risk, then men the lungs, heart, brain or mental health can be affected and it is still not exactly clear what causes long cove it or what can be done to treat it. hello and welcome to are covered 900 special because cobra, berlin being tired out of breath and feeling like the infection simply won't leave . long covert syndrome is grueling for patients and a challenge to medical professionals. now researchers in the german city of allying and might have taken an important step towards understanding more about the condition. a single drop of blood is all that's needed for the examination. at the university, along in math slunk institute in germany, scientists are looking for the causes of long covert or post covered $900.00

syndrome and which patient suffer from lingering breathlessness tightness and the chest or fatigue. senior associate, we've seen many different blood cells react very strongly. they get bigger and have a greater volume, some become more malleable, others become more rigid. these characteristics might have something to do with the sales, not passing through the capillaries as easily. and instead, getting stuck in the lungs, lantus congress in a longer 2nd climb to measure the cell smelly ability. scientists have developed this so called chip which contains tiny holes finer than a human hair. blood is pumped through these canals and filmed with the high speed camera. the result, healthy blood cells become rob shaped, infected ones remain around clunk. situation alone, the finding that old blood cells change is very significant. and what we then saw

is that these characteristics revert back to normal in most patients, once they've got over the disease and made a full recovery. but it is the test method from among them provides doctors with yet another tool for better understanding cove is 19 and a long term effect. so there is some indication of what could be causing long coded symptoms, but a lot still needs to be figured out. let's try to unpack of what is known so far. with me is matthew bartels, professor of physical medicine and rehabilitation. and while you're a medical center in new york, welcome back to our program. matthew. as we just saw, the report abnormalities in the blood could be a cause of long could it, could this finding help in the prevention or even therapy of it? this is a very interesting finding because, you know, we have not really to this point understood the exact causes of long code and it is

a systemic type of disease and manifests in many ways as you have in your intro piece. the idea is that something that the blood of malady may contribute to a systemic diseases is not at all something that would be unusual. many people are familiar with sickle cell and although that's a genetic condition and very different having ever maladies with the blood cells, they are cause many effects including central neurological symptoms, t cause muscular skeletal complaints problems with the joints. so having something that is present all throughout the body like blood showing these long term abnormalities may be a very important step in understanding part of where we may be getting the cause of our long cove. it 10 to 20 percent of covert patients, end up suffering from long coven symptoms like fatigue, shortness of breath, headache. how long do those usually last? well, that's a very good point. we don't really know. we are, you know,

at this point only a year and a half into the pandemic, but we are seeing in our own medical center and we have a long coded clinic. numerous patients that a year out are still seeing symptoms. the fatigue seems to be one of the greatest ones. there are of course, patients who have long term lung damage that have come from having had the co and that causes scarring that we don't know if it's going to reverse. but it seems in very severe cases, unfortunately, that it persists. and we're now starting to be concerned that that may actually progress to the point where patients may actually require long transplantation. as the disease progresses and the neurologic symptoms, the many patients complain of a fogginess or a little bit of mental clouding that persists for a long time. we don't know exactly what the causes of these things are, but we do know that exercise and that having patients participate in our therapy

programs rehabilitation things that we would do for patients who have other causes of either neurologic or pulmonary or chronic fatigue or musculoskeletal symptoms. do seem to have effect as well for this population. so we're having benefit and we're actually making them feel better. but we still have a problem with not understanding fully the long term time course because it's just too early for us to know the long term effects. ok, we know that high age being overweight and other symptoms add to the risk of a severe covert infection. do these conditions also contribute to the risk of long coping? it appears that the folks who had a higher risk for having coven seemed to have more symptoms. but it's not just only those patients we have young, otherwise active and healthy patients who are presenting with long coded symptoms. and so it's pretty broad spread. but they do see,

it does seem to be that very severe patients seem to have more of a pulmonary and cardiac symptoms that process. whereas we're very surprised to see a lot of patients who are never admitted to hospital and he would never in an intensive care unit or on a breathing machine who are presenting now a lot of it. so they had a relatively mild initial, of course, but are still presenting with the fatigue and some of the mental clouding. and that is very interesting and kind of concerning because we don't necessarily have a handled and say, oh, you are definitely going to be free of this because it happens to everyone is the fact that we've just quote, unquote just been one and a half years into this pandemic does this fact make it so difficult to do proper research on long over? well the, the research, there's some things that are progressing rapidly and because so many individuals have had long. this is a disease. and have coven, we're actually getting

a much better categorization of for the long terms, the quello or the long term side effects of this condition. it's difficult for us to actually tell because we don't have a long term yet. so we don't know yet to say what will happen to people 51015 years from now. but the other challenge that we have is a lot of the symptoms of long coded overlap with symptoms that we can see from other kinds of syndrome such as chronic fatigue syndrome or from mild dimensions or from other kinds of metabolic conditions that may cause some brain abnormalities which cause people to have some confusion. and then as you resolve those underlying metabolic conditions, you can resolve the underlying problem. so we, we really, at this point are looking at such a constellation of so many symptoms that it makes it a little hard to focus in because it's not like long over it's just causing one thing. causes a whole constellation of symptoms which may actually be either enhanced or worse

and by other conditions, or may just be the other condition and we're thinking it may be long proven. so it's a bit challenging for researchers to actually tie in, get it tied up into play bundle because we have so many complexities that are actually in there. but the knowledge that we're getting now is moving forward. if for example, the blood study that you just mentioned is one of these things we're now starting see the physiologic background, right? matthew barton, professor of physical medicine and rehabilitation. thank you for his thoughts. thank you. and from the feeling that cobra had never left its now onto the worry of catching it again. here is one of your questions for our science correspondent there. williams. paul, i had coven 19 recently, and recovered vin not long ago, found out i was exposed again. could i have been infected again? the data we have indicates that although it's not impossible it's,

it's highly unlikely. a lot of researchers have looked at this question and come to that conclusion. for instance, a recent large scale study involving over 25000 healthcare workers in britain showed that having had over 900 ones, had a dramatic protective effect for at least 7 months after an infection. the strength of the effect was close to the one observed and people who had 2 doses of our most effective vaccines. additionally, this study showed that people who had covered 19 then tested positive again for it a few months or weeks after convalescence. the chances of developing symptoms were also much lower than and those were infected with the 1st time. but if you have the disease and recovered, it still doesn't mean that you can just sit back and relax completely. you still

really need to follow it up with the vaccination. that's because although recent studies into the robustness of long term immune response in people who got the disease, although they've been very encouraging, we still don't know whether that response might wayne over time. in fact, a growing body of research now indicates that people who recovered and were subsequently vaccinated, that they could very well have the best protection of all. some experts believe the immune response after that double whammy will be so powerful and so long lasting and those who recovered and vaccinated that they might never need future booster shots. but for those of us who have only been vaccinated, a lot of experts expect a booster shot will be necessary at some point down the line. me. and that's all for this edition of covered $900.00

special for more information about the make. you can check out the covered 1900 spectrum on our website at w w dot com. now thanks for watching ticket. the news? the news news, the news

the news, the, the the, the refugees, the greek island lead the way there dreams and the 1st hall a semi young though it is where one could begin. football has helped them overcome the trauma of swinging his homeland. and he'll give it his all to become a professional european kicker. focused on your d. w. m, to the conflict zone with him, sebastian, american, secretary of state,

one's in a blinker with any crime last week exam. apparently to offer words of comfort and support for the country. after rushing to mass huge numbers close to its border. my guess is we cranes foreign ministers in the child care labor. what did he get out of the visit? and what was the conflict? 90 minutes on d, w. o. the news as a virus spread, why do we panic? and when will all this? 3 of the topics that we covered and i weekly radio. if you would like any more information on the corona virus or any other science topics, you should really check out our podcast. you can get it wherever you get your

podcast. you can also find those at w dot com, forward slash science. the little guy that is the 77 percent the platform will be issues potentially you know, on this channel we are not afraid to ask. and then young people clearly have the solution, the future. 77, because then now every weekend on d w. the, me, oh, i use

this is d, w. news live from berlin. president teach in paying hales china's rise as irreversible as it holds lavish celebrations, mocking 100 years since the founding of the chinese communist coffee machine has a huge crowd in beijing that the era of china being bullied is gone for also the program.