our top story, ukraine's national security council says that russia appears to have begun its long anticipated new offensive in the east. ukrainian authorities also say a russian missile attack has killed at least 7 civilians in the western city of the daniel winter is up next with dw business news. i will see you tomorrow with hello guys. this is the 77 percent. the platform for africa. you to repeat issues and share ideas you know, or this channel. we are not afraid to happen delicate topic because population is growing and young

people clearly have the solution. the future belongs with the 77 percent. every weekend on d, w. get someone else to the hardwood t v highlights selected for you. knew every week in your inbox. so describe now ah, china's economy isn't doing as badly as many predicted bought harsh lock downs and shanghai and other cities mean trouble ahead for the world's 2nd biggest economy. we'll find out why analysts still expect china to fall short of expectations this year. also coming up, vladimir putin keeps it takes measures to keep his country's economy afloat. but is that russia heading for an economic crisis?

and daniel winter in berlin, welcome along to dw business. china is doing surprisingly well, the economy growing 4.8 percent and the 1st 3 months of this year. but the outlook for the world's 2nd dig. it biggest economy is darkening as china resorts to harsh locked downs and shanghai and other cities to contain covered 19 outbreaks. the headline number is misleading. what china's 4.8 percent g d p growth for the 1st quarter of 20? 22 has exceeded expectations. consumer spending has tumbled and unemployment is rising. the post pandemic recovery, which the government expected may be coming to an end. the theories of copied 19 outbreaks of prompted authority to impose new restrictions in cities, including a lockdown in shanghai, the country's financial hub and biggest city. the chinese national bureau of statistics has warned that both the domestic and global environment are becoming more complex and uncertain. but the latest cove in 19 measures to contain the

pandemic are disrupting economic activity, and they will make it harder if not impossible for china to hit its economic growth target for this year. or let's get more on this earlier. d w's, china analyst, clifford coon and spoke with my colleague, chelsea delaney. she asked him why china might not hit its growth target this year . i think the, the 2 main factors behind these as is a better than expected figures, but still pretty weak. when you consider the 5.5 percent growth target, the government has, as the main things we've seen, has been a combination of the 0 coven policy. and where it has been clamped down, people locked in their homes known and go out and, and also then this is combined with the effect of the war in the ukraine in, in ukraine, which is also hitting growth. so what sectors are suffering illustrate now? well, what we're seeing and it's hitting real estate exports, retail sales it's, it's pretty much across the boards. am new home sales tumble by 29 percent last

month, which is em, which is a pretty serious decline. and given that the real estate sector is so important to the overall economy, and as we know, it already has problems to deal with from the ever ground debt problem collapse. and so we're dealing with that they're dealing with putting out fires in the real estate sector at the same time, passenger car sales, we're down 10 percent in april, which is after the current round of data, which i think gives us an idea of how things are going to be looking forward, and then the 0 coven effect is, is causing all kinds of supply chain issues. we're seeing the ports are completely clogged and, and if you, if you might, can lot of chinese factories, a lot of workers live on the factories. and during this, these locked down, they've actually been working while living there. they've just crated these kind of bubbles. and i'm working in that, which is great, but once you produce the goods, how do you get them out? and if the truck driver, for example, is locked in his apartment on the outskirts of shanghai, he can, he can come and pick it up. so his re logistics of supply chain issues which are, which are causing a lot of trouble. clifford coon and speaking to my colleague,

chelsea delaney earlier and from china to russia. vladimir putin is pumping fresh money into the russian economy to keep it afloat as sanctions bite. raising pensions and salaries for state employees could help limit the fall out of the war and ukraine, lifting the mood of russians while increasing their purchasing power. despite the move, he insists western sanctions on his country have not been successful. economists disagree, sang rusher, is teetering on the edge of a financial crisis. junior vladimir putin insist the russian economy can withstand mounting pressure from western governments. had he, during a video conference, he said the recent wave of sanctions have had little impact on russia, but were hurting the west more by driving up inflation and unemployment, uncommon phases or so. we can now confidently say that the policy of sanctions towards russia has failed. the economic blitzkrieg strategy didn't work. moreover, the initiate as themselves couldn't get away with the sanctions. i'm talking about

inflation and unemployment growth and economic dynamics worsening in the u. s. and european countries that on the hero, when, when i didn't put an acknowledge the sharp jump and consumer prices, i saying his government would raise pensions and the salaries of state employees to ease the impact on russians, etc. but we'll look at the bus near full, better in the past month and a half alone consumer prices in russia have grown noticeably by 9.4 percent and yearly figures. number, the inflation at 17 and a half percent to when i call for tension from the government and central bank colleagues were all very well aware of it. went up with those very high figures and they're impacting family budgets. william see me in the music, but russian central bank governor are here and not be alina. one of the economy could not survive indefinitely on its financial reserves and would have to change to deal with the impact of international sanctions,

which have frozen almost half of the $640000000000.00 that russia had. and it's gold and for its reserves. economists believe the worst is still to come and say russia is likely to plunge into a deep recession. the world bank expects the economy to contract by more than 11 percent this year in moscow mer, sergei. so counting one that around 200000 people. risk losing the jobs in the capital alone, because foreign enterprises have suspended operations or decided to leave the russian market even if the war and soon, many multinational companies are unlikely to return in the short term, fearing more disruptions. now to some other off the business stories making the news ukrainian president vladimir zalinski has held a call with. i am f chief crystelina gill giver about ukraine's post war reconstruction. later this week, ukrainian prime minister, dennis sri,

hollis 2 to 10 meetings of both the i m f and the world bank in washington, where he'll seek further assistance for ukraine and long hughes of russia and bell russian trucks remain at the polish belarus border. after a deadline for them to leave the e. u territory passed on saturday. the you has band lori's from the 2 countries as part of its sanctions package. although those carrying petroleum medicine or mail can remain german comic a, b, and w will not cut a single employee. and the transition to electric vehicles have c e o. olivers ipsa has told the financial times. he says the company will retain staff through retraining programs. germany's car industry lobby says up to a $100000.00 jobs in the sector could be lost in the transition to electron mobility and stay with e cause now the ceo of u. s. electric car may caribbean has warned that his industry is facing a shortage of batteries. saying that it could be worse than the computer chip

shortage. currently plague in the industry or james sweeney is following the story for us in wall street. so james, tell us more about what the c e o r j square inch had to say. well really in c, e o, r j's carriage has issued a warning and it goes as follows. if you think the automotive computer chip shortage is bad, well, pretty much hold his coffee because a shortage of electric vehicle batteries will make that current shortage. look like small potatoes. the might the minor leagues because literally in a report to the in the wall street journal, the ceo was issuing a tour of his company's plant in illinois. and then he surprise some of those reporters by saying that semiconductors are a small appetizer to what we are about to feel on battery cells over the next 2 decades. and if you're wondering how does he know this? well, he simply did the math and in his own words, he said, put very simply, all the world cell production combined represents well under 10 percent of what we will need in 10 years. meaning that 90 to 95 percent of the supply chain currently

does not exist. and that caught a lot of those reporters and apparently the entire globe of guards today. okay, and james, just briefly, is this inevitable, or can somebody be something be done to avoid this future? well, if you're asking, if this can be resolved, that can be resolved. the easy answer would be make more batteries, build more suppliers, but it's not really that simple. you can diversify your suppliers. it's not like anyone can just grab a bag in a shovel and start money for lithium. but, but perhaps the answer comes from the law must, can tesla, who not only repeatedly warn of the fading supplies, but also is considering getting into the business of mining and refining lithium himself. because he secured his own mind in the bud and not too long ago about 2 years ago. so can this be fixed? yes, the real question is if your mission is to create an electric vehicle that will help stop pollution, stop using fossil fuels and save the planet, would in a spike in lithium, mining and refining? possibly. contradict that? an interesting question to leave you guys with k, ending on a very interesting question. some interesting to the eco companies themselves, james sweeney that new york. thank you now to

a common problem for some of the most beautiful places in the world. every one wants to see them, but the more people come, the less attractive it is. crowds of tourists on once secluded beaches, t shirt and souvenir shops instead of quiet cafes. it's a trend that citizens of key west in florida have long been familiar with. and now they've put a stop to it, palm trees on beaches. pastel colored victorians and memories of hemingway, that's what key west used to be all about. but to day, the island of the southern coast of florida is overrun by masses of tourists spit out of giant cruise ships. big ships do. tremendous damage to our ecosystem is ships are too large for our our long narrow ship channel and they come through and they physically stir up the bottle even worse. their passengers don't do much for the local economy. they don't stay over night. they eat on board

among the few who do good business, other charge ski shops, selling cheap souvenirs. we did it was you because it's helped with a business without everybody, you know, without the course you, you can't grow the business, you know, not too big a loss. some would argue. and the numbers proof that the island might be better off without the giant vessels were the only good things that came out of the coven pandemic was the fact that we got to see. we've got to see whether we need a crew ships or not. we are going through one of the best years that we have ever had in the history of key west economically in 2022 and also in 2021. and those were our years predominantly without crew ships. hun, now the city council has closed the islands to public docs. only one private dock remains in service and it can only host one vessel

a day that limits the number of tourists flooding key west and the environmental problems caused by an industry that has grown massively for too long. and that's it. you're up to date with d w business. if you want more checkout d, w dot com slash business. thank you very much for watching. ah, obsessed with speed and ready to pay for it with their lives in race cars deployed any safety features? what drives people to the sports high velocity heroes and victims the fastest well on the road. next on d,

w is math way more difficult in the space. we ask, smell on the international space station. we are curious to find out more. how do astronauts deal with weightlessness? and why is food and space actually spicier? to day, we are taking off tomorrow to 60 minutes on dw blue. we're all good to go beyond the obvious. as we take on the world, 8 hours, i do all the fans,

we're all about the stories that matter to you. whatever it takes to find, policeman follow me. do you don't we are your is actually on fire. made for mines. ah. an inconspicuous forest trail south the frankfurt next to one of germany's famous outer bonds. it was the end of the road for a legendary german racing driver.