russia's war and ukraine, african nations turn to renewables and bank vessel, and let's do business. china's financial hub is up and running again. residents of shanghai are allowed out after 2 months of lockdown. i mean, they're hoping to never go through an old deal like that again. but there are signs the states cobra 0 strategy could be his state possibly for years. there are reports that officials are setting up networks of tens of thousands of testing booths in economically important cities. the goal is to have swapping points just a 15 minute walk away. it allows testing as often as every 48 hours and negative results will get you on to the subway or into a store. chide is the only country in the world to contain the highly transmissible on the chrome variant. but it's hurt business and ment personal sacrifices for millions of people which will touch on in a moment without corresponded as the cubs are rolled back in some cities,

they continue to weigh on confidence and demand. although the latest economic numbers do point to a slight overall improvement. so and so joins us from our i pay office. chinese purchasing managers indexes rebounded so has it's not a manufacturing business index. what are the numbers tell us? the men reason for the rebound in the manufacturing sector in the rear is the reduction in the number of areas affected by the pandemic. the continued decline in the number of new infections per day. the marginal warming of the supply chain and production and the general increase in the start up rate of key industries. among them, the production index of chemical fiber and rubber and plastic products, special equipments, automotive and other industry in may, was more than 10 percent points higher than the previous months. but he believed that the in indicators of industrial production, consumption and employment have been low since april, and the macro policy will increase it to support to stabilize growth in the 2nd

half of may. so beijing has unveiled a detailed stimulus plan to shore up economic growth. what are the takeaways from that? or 1st of all, in terms of physical policy, china well implement value added tax credit re found on a large scale and the increased government procurement was the poor, small and medium sized enterprises. financial institutions are asked to lend money as soon as possible and not to blindly withdraw or cut off loans. they are also measures to stabilize employment and flexible monetary and financial policies for those hit by the pandemic. the government also supports the listing of chinese enterprises in hong kong and promotes the overseas listing of qualified network platform enterprises in terms of stabilizing investment and promoting consumption. specific measures are developed to support the platform economy and to protect the basic livelihood of the people. the policy allows enterprises affected by the

pandemic. the deferred payment of how st. providence fund. would you reckon though? is it enough to offset the damage of all those locked down? oh yes and no. the overall direction is correct. the least that can be done is to stabilize enterprises. is to avoid a wave of bankruptcies and high unemployment. the loss of employment opportunities for the people would definitely affect consumption. however, some would argue that the main goal of the 30 plus measures is to preserve the lifeline of china's enterprises. there's not much concern for the real people's likelihood. there's not enough attention to the family and the individual families have been hit by the recession of the ears of a ship, especially by the pandemic in recent years. and many of them have no income, no household spending, causing a major problem in their ability to survive household debts. abra directly creates a debt crisis for families. this will probably offset the support for small and

medium sized enterprises that in so from some hansel in taiwan. thank you very much . now to some of the other business stories making use russia's industry grew in may for the 1st time since it invaded ukraine. is, comes despite international sanctions from western allies. a monthly survey from standard and poors found that the purchasing managers index went above the 50 mach for the 1st time since january, which signals growth as the european union prepared to band most russian oil in port. some oil producing countries are reportedly considering the suspension of russia from opec plus a group consists of 20 free oil producing countries. russia joined in 2016 inflation and sri lanka has hit and you record high. the statistics of it says last month, consumer prices rose 39 percent compared to a year ago, cost their groceries and fuel drove the shop increase for lack of defaulted on its

debt and is seeking international aid to revive bankrupt. economy rushes war in ukraine has hastened. the trend for governments to rethink their energy strategies, an end to fossil fuels, and a shift towards renewables. experts see a huge potential in africa. some large scale projects already exist like this. solar power plant in morocco. recent estimates show africa could generate a 1000 times more electricity that it needs for its own use by the year 2040 north africa has an abundance of clean sources, especially when morocco and egypt are the regions leaders. as far as that sector goes, agirri is also making an entrance on the scene. south africa is a leader in solar. there are also big projects coming online in zambia, the media, mozambique, and tanza nia. clean power could turn african countries into major produces an exporters of energy, boosting energy, security,

lowering long term energy costs and generating a range of economic benefits. molly is just one example. these young people are acquiring skills that will open door to new opportunities here in this taylor's workshop for the town of cory, they're learning how to make clothes professionally. solar energy made this possible. it's supplies in august taylor's shop with electricity, as well as the other establishment of this small business area, built by an international development and geo. it's a mr. improve living conditions and fight against climate change and its impacts. that includes helping people in rural areas to develop skills and find ways to earn a living, roach where they are born the lee and one being part of the center and having access to electricity at an affordable price feelings

a lot more as possible. click on one. okay. hold on this greed business area inquiry, oakland. 2 years ago, 15 small businesses have already set up shop a be poorer g. thanks were steady supply of electricity. this carpenter can be more productive liddy ongoing, but is in charge of keeping the solar plant operates in smoothly. it replaced the dirty and noisy generators previously used to generate electricity. the system produces around 40000 kilowatt hours a year, on average. that's enough to keep more than $400.00 standard refrigerators operating for an entire year. lock up, i think that go into something energy generated by the solar panels is more than sufficient. if there is new, the production, i think it will balance out eventually because not all the businesses have been established yet to come back in from the french and geo has plans to develop several more sites of the country within the next few years. don't said to

days that we're both solar potential to the idea is to engage people on location local to involve members of the local community. ha, nissan plaza. in the process of setting up the infrastructure in. okay, that's very important. it don't go now. it's also our objective to support sustainable development if the aim of securing access to clean energy to everyone in the area. my 2013 la population does he to me can't. so the pallet is enabled. people like a simpson level to sort of shop near home, eliminates the need to move to cities for work could help curb the rural exodus of power funds on the is president of the desert energy and joins us. solar could also help cambodians, they face daily blackouts and pow rationing drought is making its dependence on hydro power dangerous. so you polar a solar projects rather we'll get a 10 year tax break of these sorts of incentives that investors really need to

boost the sectors. yeah, of course africa and especially in north africa that this is a different area is out standing area to become a powerhouse to the world. and as you know, we started the already 10 years ago to indeed the 1st steps to, to bring this region to, to the level of the power house. every talk about the africa. we have to, to put this in perspective off the population goes in africa, as you know about 40 percent of the population has access to electricity. and most of these electricity today is a photo. so the 1st priority, of course, is due to, to access the energy a locally in africa and also to bring it to a level of green energy. these are the, the real priorities. but at the same time,

it is good at africa is preparing really for exports of green energy to, to, for instance, europe into the world to japan and so on. will tell me no me via is trying to sell sunshine to europe and green hydrogen. that's why it was last week for the economic form. but the country import 2 thirds of its electricity, mainly from south africa, which has its own problems, but can to me via cell to europe and power. it's people. well, everything is possible in life, and this is very important to see what is really happening. what is the benefits to the, the country, the benefit to climate, the benefits go some of the cost level of electricity locally and also to europe. and it is good actually to start with pilots to find out what is really the sense of large projects or electricity. first of all, the renewable electricity,

and then to make part of this electricity and ship part of gender and money based on hydrogen to europe. so it's actually a more complex subject in which it is important to go in steps and to be careful not all around and to the risk of being sort of a window dresser. should these african nations be relying on chinese investment? a lot of the funds, for example, in cameroon, coming from china. i think that's the go from all over the world. john is the very important investor and player with a long term vision and strategy for africa also in the benefit of the people and same guns for europe, of course, and the united states and another japan mean to africa is a real area with 1400000000 people and servants like 7 times bigger european union that needs corporation. it's about international cooperation

no matter where it comes from. it will help us out to, to get to the next level to become the sustainable area. not only in energy you're going to know boards will have deleted the guns on thank you very much for joining us. thank you. and nice doing business with you ah with

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a citizen in feel, migrants your platform for reliable information. ah ah ah, this is a w news line from berlin. the west promise is more heavy weaponry to you, cried. german chancellor, olaf shalt says berlin will send martin antiaircraft may 1000 right down. equipment on the united states. pledge is advanced, ad defend system's prompting a warning from moscow also on the program night.