thank over the ability to hold a fair trial amid intense public pressure and the efficacy of the me to movement and holding powerful men to account. that's what you're up to date. more well news at the top of the hour, but we'll have a business update for you next to the news. people in trucks injured when trying to see the city center more and more refugees are being turned away. families claim to be crated. in the treatise, the people seeing extreme 200 people around the world. more than 300 new people are seeking refuge.

why? because no one should have to flee the make up your own line. w. need for mines a from impoverished state to a global superpower, as the ruling communist party celebrated 100 anniversary. we'll look at china's economic success story. chris currency has led more people to successful june mining bitcoin. we report from argentine and europe in love, molly and manga will make the grow is make sure there are enough to go around

and data be business on robots in berlin. welcome to the program. the chinese communist party is celebration. it's $100.00 anniversary. during the past century and in particular the last 4 decades, the policy has reshaped the chinese economy and turned it into today's asian powerhouse. so how's it done? it? well, back in 1978. china was an impoverished peasant stays, so the communist party and the dang shopping decided to bring in a rural reform to increase agricultural production, reduce poverty. later on, the chinese leadership establish special economic zones to attract foreign companies grant state owned enterprises. more freedom, china quickly became the factory of the world, facing then gave a massive boost to the construction sector, building roads, bridges, housing officers, and rail. today the economy of the world's most populous country is still growing, not even the financial crisis, nor the coven. 900 pandemic, have put

a stop to it. john has been increasing its global influence. indeed, with investment in developing countries, africa has been a key battleground for that. so let's speak to jeremy game, serious a business development consultant. he's based in the niger in capital, a boucher, thanks for joining us on t w business. how would you describe china's influence on the way people do business in africa? i think korean is predicated by the fact that it's been a win win, seemingly china. so it's got a lot of construction contracts. i think in 2019, it was something like 46000000000 in algeria, nigeria, p o. p, mainly africa, who's got infrastructure much needed. but in all of that, despite total loan commitments of either $150000000000.00 model, same year,

there seems to be a lack of transparency in many loans. the contract involved. and that impact heavily on other players trying to come into the market, assuming they will. because it means that up against projects where they may not be public 10 years, where the bank ability of the project in question may be debatable and what things like contract. pamela is known that general lack of transparency illustrated by railway project nigeria, the, the label is the relationship between africa and china such now that african nations actively seeking our chinese investment they have paid but there's the start to be a move back against that population. and realize putting heavy debt around the next 30 years, all committing their resources to 30 years may not be the best part to go down. but

it's up to countries, perhaps lead by now, which is initiative to try and count to the bell road program and france in particular. and in my call to drive business into africa, the european germany, the united kingdom. what japan does the tubing hesitant all way? so i think that correctly, so the rule of law, but they need to actually come to africa to do this. i think done very successful to think europe and the u. s. can compete without road or they left it too late. no, they haven't left it too late because the infrastructure deficit within africa is in men's. it's a matter of structure those projects so that the business side projects, the non government project, primarily things that get away from the areas where they will be lack of transparency. if the west is prepared to try and go that they can, of course,

become a major player in africa today. they'd like to do one term again. thank you so much for joining us on business. thank. now the you has just introduced a new digital vaccine passport with the name of making travel within the block. easier the pass takes the form of a queue. all that can be printed out or shown on an apple and hotels. it will be given out free to travelers who have been fully vaccinated with the jap, approved by european regulators. passport is supposed to provide a much needed boost with tourism businesses. let's get more on that from my financial correspondent. i should talk panda that you back seen passport is meant to simplify travel, but airline and airport groups have one that it will actually lead to kiosk and longer use at airports. if the member countries do not coordinate its rule out

efficiently, they've also called and taught these to ensure that passenger are processed before they arrive at the airport to see some time. but even if they're all out as happens, smoothly is not going to lead to any major search in tourism. that's because not many people have been fully vaccinated. just a 3rd of their does in the open union have been fully vaccinated as of now. then they are also concerns around the data very and that is going to hold back tourists . but it's not all human doom. tourists are going to travel this summer and is not going to be wash out to your like the wave you saw in 2020. i still found that celebrity investment in crypto currencies have raised their profile and helped send prices soaring tech likings. a long must can put his jack dorsey, among those in the back, the likes of bitcoin, the creation of bitcoin. then as mining is an enticing prospect in a country like argentina where the national currency is depreciating rapidly,

but there are risks attached people like argentinian alejandro, are hard to trace. he's afraid of the tax authorities. he's one of many who mines crypto currency from home, lupins. i'm going to go more know any, but we're going to get a good investment in argentina because argentine as pain, so is so weak. you can't get many dollars for it. and you often have to pay for things and dollars, but we have subsidized electricity in argentina and here in the capital that makes crypto mining worthwhile in this isn't going to holler, but i mean that he, together with a friend on a 100, spent the equivalent of 5000 euros and pesos to buy computer equipment. they'll pay it back in $18.00, installments, interest tree. they estimate that the crypto currency, bitcoin most strength, and better than the soft argentinian pay. so despite fluctuations, some companies also spent millions mining crypto currencies in the countries colder

regions. so they don't have to cool the servers, tierra del window, and the deep south is especially popular against the background of rapid pace. so, devaluation and foreign currency purchasing restriction a 1000000 argentinians have bought bitcoin mining and training them almost always happens below tax authorities. radar. last student manuel invests and crypto currencies. i bought a not a can. dina farrah many opportunities in argentina these days. and when you come across one like that, where you can see from a graph that an asset value has shut up, 1000 percent of 300 percent inside a year. and then you say, i've got to try that. but a lot of basically it's a form of gambling, isn't it? that's what we call it in our language was gambling. it smacks of casinos and poker tables, not serious investments. economist and university lecturer one vulnerability warns that crypto currencies are highly risky. investments don't want to currencies are

generally highly volatile. they have no backing, they have no economic assets behind them, or power faces are seen as prone to financial bubbles. anyone who invest in these bubbles without knowing how they work is taking on a very high risk and stands to lose everything. even those who know the ropes in the velocity and other is also worn about the phenomenal energy consumption of crypto currency mining. as well as the potential for laundering money from illegal activities. now let's take a look at some of the other business stories making headlines. a chief financial officer of donald trump's name, say, company has turned himself into new york, prosecutors and vice oberg and they trump organization are expected to be charged with tax fraud in court. later today, they would be the 1st criminal charges bross after a year long investigation in trumps company the opec plus group of major oil producers is expected to agree to increase output. today, oil demand has search this year, as economy is reopened,

from pandemic locked downs. that's driven prices above $75.00 a barrel for the 1st time since 2018. a french f o workers have the going to 5 days strike at paris is to main airport. that protesting against contract changes that they all do will lower the pay and the road rights strike is expected, cause serious flight delays are very busy. travelers can somali is one of the biggest mango suppliers for the european market providing up to $40000.00 tons of the fruit each season. only specially, planted varieties are exported to europe. sasha duncan has this report. women and molly, so baskets of mangoes for just one year, 50. molly's mango sees him last almost 4 months. $15000.00 farmers belong to a mangle industry confederation. down up amber has planted 5 hector's for him again the plantation when they began the exports. initially we produced

a little bit for export, and the rest we sold here. now we sport all of our production, hired especially train team of harvesters. they use a long handled tool with a blade. they catch the fruit that's cut off the branch. the harvesters then let each fruit drip sap on the ground, otherwise it will damage the fruit skin which should be flawless. at the a o. m export company's processing facility. fruits are checked for maturity and firmness. the trained staff note all data, so the supply chain can be traced. the mangoes are inspected, washed several times, dried and polished before being packed into 4 kilo boxes. a o. m makes its own packaging this season as seen the worst harvest in decades. jenny bush, coney is the a o m processing plants,

director fruit flies are our biggest problem now. they punch the skin and obviously we also have a shortage of mangoes this year. molly's mango industry, spend some 60000 years a season on export licenses for europe. from all we train farmers and instruct him not to treat their fields in an event of any disease. outside of my life, they have to call us to send them what they need and train them to apply it themselves. that's. that's my. now, the shipping documents make every palette traceable to source. olivia bama barbara keeps track of a whims produce on the when the pallets arrive in europe. and there's a problem. we can go back through these papers and find out whether mangos originated was the terrain. the very plot from which they were harvested among

the pallets travelled 24 hours in a refrigerated truck to ivory coast port of abbey john from there europeans can soon enjoy. molly's succulent green gold. now it's time for this man to go. that's it. from a business edition, thanks for joining us. and to check out our website, we dot com slash business ah, interest the global economy, our portfolio w business beyond. here's a closer look at the project. our mission. analyze the fight for market dominance. with c w business beyond on youtube. ah,

what people have to say to me, that's why we listen to their reporter every weekend on d. w. i doesn't use a shared coming up today. a warning for the world as china, the communist party don, 100, anyone, me, chinese people will absolutely not allow any foreign forces to believe a price or in slave us. chief and chinese president fugit being also reaffirmed the communist parties center role in the development of china.