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tv   Business - News  Deutsche Welle  May 11, 2022 3:45pm-4:01pm CEST

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a good distance of more than 7000 kilometers. who show you how to warn you. crane is taking its toll on the economy of taiwan empress colburn, berlin, welcome to the program, trillion cousin crisis. dwindling foreign reserves and skyrocketing kidding. debt levels have left the country struggling to import stable products for its 22000000 people. but the crisis moved into a darker phase this week when government supporters with sticks and clubs, tact demonstrators who had peacefully been demanding the president's resignation. ha, there's evil or food in sri lanka, at least if you asked these protesters they're hoping is exorcism will help drive members of the ruling bridge affects a family from office, blaming them for the economy, hardship, bettering the island nation. major infrastructure project like the construction of his harbor funded in part which i need loans have driven up the national debt. but
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instead of boosting revenues, president roger pox i pushed through historic ducts cuts. the market responded with the credit downgrade and colombo found itself cut off from international lenders force in it to draw down its foreign reserves. they're currently below the $50000000.00 mark. at that time of exploding food prices, sri lanka already defaulted and over $51000000000.00 in foreign debt. with more coming to you later does year. power cuts, shortages of imported food medicines and fuel have become the norm. sending protesters to the streets throughout the country. 3 long as prime minister has already been forced to resign, leaving the country without a functioning government. i mean the worst economic crisis in its history. ah, that's good morn this from
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a sangha bay. i gwinnett kara senior fellow at the millennium project. welcome to d. w. we heard the prime minister has stepped down as did the cabinet, other than telling the police to use live emulation to stop rioting. what is sri lanka, leadership doing to address this crisis? well, the countries are knocking situation, it's completely out of control, the burning, the properties multiple locations, as well as you know, attacking the peaceful protests, turn, turn the pro, turn everything to wireless, the specially attacking the symbolic place of the protest. i wish the piece will protested, we're talking about re democratization process. so. so it's, it's a knocking situation. big political instability. and the, what the produced as are saying for the president. now that was the 1st condition
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that they had from a month ago. and they have not changed that they want right. it boxes out. the pope has among others called for com. the join to parallel association forum, which represents long because apparel industry has also appealed for political stability. is that likely to help? yes, many others like the lawyers, this cell as well as so many others have mentioned the even the defense secretary, the army commander, to remain calm but day. i mean if you look at the government is the one who instigated the violence. and so now it spread, all of the protest is, are not calm because they're hungry. i interviewed few of them. one of them. i mean basically they were saying they had only one meal a day. the packet of meal powder is about, you know, it was used to $300.00 rupees and now it's about more than $1000.00 piece of gas b,
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commodities. these like 4000, which was a 1000 b. so, i mean, the government statements saying that if this goes on the political instability, there will be 12 hour cuts. and so you have the economic hardship, as well as the challenges. so i don't think the protest is will stop protesting until the, the, you know, they are angry with the roger boxes. they want all right. boxes out including the president admitted these economic hardship that you mentioned. what does a new government need to do? well, immediately name to him, government needs to be set up. president has to step down and entering the government has to be set up and the existing parliamentary parliament members what and, and i'm basically all parties coming together. and the protest does need to be, you know, satisfied with that. and they will be satisfied because this will calm down in the
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boxes need and not, i mean what happen, you know, basically attacking the protest side as well as bringing this really forces in right in front of me to the military. and this is the danger that i see that you know, it's your luck. i should not become another me and mom you, terry, coming to the forefront. and they the danger because she has this tendency because of the past, or is it a sandra bay? i go to kara, senior fellow at the millennium project. thank you for your insights. thank you. china continued to bet on the 0 cove its strategy as well as higher commodity prices are contributing to a spike of inflation in the country in april. the consumer price index was 2 point one percent the highest level in 6 months. long, coven 90 locked downs and key economic areas like shanghai have disrupted the local
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supply chains, resulting and higher transportation prices for consumer goods. a rise in global commodity prices has also contributed to the current inflation spike. for more, let's cross over to taipei and d. w correspondent. so song han and so inflation is picking up in china as well, but not nearly as much as it has been rising in other places around the world. why is that? compare it with other countries, such as the united states. china is less affected by demand lead inflation because it relies more on investment than consumption to drive nomic growth even so china's current consumer demand extremely weak and consumption is still an important factor in pushing up inflation. china's low inflation rate is also due to the government's strong measures, including price controls and tray protection to prevent imported inflation from being passed on to consumers. while these measures have had
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a positive impact on china, in the short term, they have long term costs and are difficult to replicate in a more market originated economy. and so china still has to deal with imported inflation. bo dudes, large purchases of oil, gas, and food from abroad, and prices for these commodities have risen sharply. are due to supply sharks, cause, for example, by the war in ukraine. how does the country deal with that? china has huge strategic our reserves are commodities that can be used to counteract price pressures. last summer, chinese authorities began releasing metals such as copper and aluminum from national reserves, soybeans rise, and we were also released. china could also co on stay on enterprises and the national reserve system to play a role in common prices by absorbing the sound, the price hikes in imported essential goods. for example,
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of when oil prices are too high, china refiners, i expected to assault some of the impact of the price, hike themselves and tell us, what are the consequences of these state control measures. the big question to china today is whether a strategy of controlling prices can be sustained in the long run. if inflation becomes a global phenomenon over time, the cost of all these measures will increase. the chinese government must spend money to maintain reserves of various materials, subsidies to vehicle or ours will reduce the profitability of state on to refineries. protection is trade policy may lead to conflicts with other countries. there's also a risk that other countries may follow china protection. this approach w's so on hand reporting from type aids. all. thank you. there are more than 7 and a half 1000 kilometers between the embattled ukrainian city of mario pool. and
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taiwan capital, taipei. and despite the geographical distance, the warrant ukraine, and sanctions imposed on the aggression, russia are hurting the taiwanese economy. t w's, zachary lee has more talking to over his clients. despite being far from the war in ukraine. larry waste company, one of ty, once largest machinery manufacturers, is effect t j. so we cancelled the order from our russian client due to the sanctions. i hope you this is only temporary, so there are also problems with cash flow and i'll just exit the wall. his disrupted global supply chains, and there is hurting race business. really thought woman shall order mother, for example, the shipping of a computer control special engine we bought in europe has spend elaine. she is using this one has an impact on our production and machinery manufacturing them to you. so also tongue, who hasn't the engine?
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larry is not alone. 70 intent. high one is firms have difficulties collecting outstanding depth enough is the quantity issue. there's also higher gas prices and inflection companies are paying more that a town i don't want miss. taiwan is highly dependent on imported energy. i think i need to import oil and natural gas. so when the price goes up, they, of course, the impact on taiwan is huge. and it's not just the ongoing economic challenges. russia's invasion of ukraine has re ignited concerns of what a chinese invasion could mean. while most locos don't believe it could happen any time soon, potential effects are becoming clear. java powered or you can if tie, once chip factories are unable to produce the world production chain wouldn't stop all and our lives. are your go baker?
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i'm tired or your computer. you have a lot of a lot of things that i fire chips will be effective up. your info is high. one dominant no was production of semiconductors. he produces molar, half the war chip using because they won't. i'm a single company yet, and next to me next, 92 percent of the most sophisticated is saying an attack by china cut off essentially technology co good in human capital. but listener, something must and sharpeners into one, including larry way, worried about the still increasing the investment on the island. and they don't believe china were embed taiwan. and finally, it's time to say good bye to the i pod, a device that changed the music and electronics industries. more than 2 decades ago, the last model, the current ipod touch will be discontinued. apple says the ipod has undergone
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several changes since its inception. the 1st one had a scroll wheel and capacity to store 1000 songs. the latest version launched in 2007 was the same year as the i phone sample, which itself has all the ipod features and brought the ent for the device. on go down. that's i'll show thanks for watching lou ah, with
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ah, legal in germany, cannabis legalization will cor millions into germany's government. europe is watching the country's 1st steps. the obstacles of the bureaucracy and the security issues. how legalizing marijuana will become an industry worth 1000000000 made in germany? 90 minutes on d. w. then german with d. w. any time, any place losing video, nevada i have, i have to beg a bit of sons to sing along to m download is the compatibility from super muncie c o. 2, you can do it as
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a tie. i varied causes cliff into active exercises are available at d, w dot com slash don't plan on facebook all in the land, gemini, afraid with the w. i'm skin that i want. that's hard. and in the end they send me, you're not locked up to you anymore. we will send you back. are you familiar with this reliance of the what's your story. ready ready he wasn't, i was women, especially victims of violence, seen a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants,
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your platform for reliable information ah ah, this is news life from rural and major gains, your grand claims key victories on the eastern front. troops re taking villages near harkey, find a trail of rush and destruction. meanwhile, moscow takes the 1st steps toward annexation of her sod, also coming up, shooting the messenger, palestinian american al jazeera journalist killed covering in his railey weighed on the janine refugee cap. shitting.

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