paralyzed higher societies, computers that out for you and governments that go crazy for your data. we explain how these technologies work, how they can go wilson for that's how they can also go terribly. watch it. now. this is dw news asia coming up today. resignation accepted sri lanka, has got to buy a roger pox off. finally stepped down in an email sent from singapore. it was a key demand of protesters. so how will the crisis hit country move on from here? also coming up, where's my money? chinese rage at their local banks for freezing their savings. we look at the cracks appearing and china's financial system. plus,

with the pandemic easing tourists are trickling back to little to back the home of the dalai lama in india. so why are shop owners not happy? ah, i melissa chan, thanks for joining us. he is finally out. got to buy a roger pox out who fled sri lanka earlier this week for singapore officially resigned as president. he leaves behind a wrecked nation in political and economic chaos. despite a curfew, the reports of roger pox, his resignation triggered celebrations on the streets of the capital colombo. it was the central demand of the thousands of protesters calling for change. early on friday, sri lankan parliamentary speaker confirmed the news that again i the but the go ta berrigan lodge a bunch of the resignation. letter st by president,

go to buy or roger poxel has been received by me. accordingly saved the president as legally vacated the post was effect from the 14th of july 2022 the on the whole of it. so demand number one that the president resign. check what now for the protest movement. here's dw minnie are chaudhry in colombo. i'm at the moment, standing at the old barn made with building, which is right now, the presidential secretariat behind me. you can see a lot of people think probably on was day case. this entire area has been the epicenter since the beginning of the products. again, what about out of sign? fact the people are named it ad bought obama, basically a place to demand. if the nation has outdoor, which has not been done, but the bulk of the ground is that the front desk will not a beat any time soon. there major demand, one major demand due to me, which is what i mean to them. i think to step down from the post,

a prime minister does that, don't the boards of acting, read the den. now we don't know whether that will happen, that needs to be fi, but mechanic what this will happen again and will be keeping a close eye on what happens next in sri lanka, you can follow developments across all the w platforms, including our new d, w asia channel on facebook. ah, in china, a rare large scale protest has been violently broken up by security officials. it is a financial scandal that has exposed to the fragility of the countries banking system . a summer of discontent and central china. the slowing economy drives to run on some banks in rural areas since mid april, for lenders in hernon of frozen nearly $6000000000.00 euros in cash, leaving thousands of that their savings. protesters rallied at a branch of the people's bank of china and provincial capital. john jo, they wade banners denouncing corruption by hon and authorities. plainclothes

security agents swooped. they fought running battles with protesters. demonstrators were beaten and dragged away. some accused officials of colluding with local banks to suppress the rallies. protesters reported that their personal health codes which are mandatory to access public venues, turned read to indicate they were coven positive. they suspected local cadres were behind the highly coordinated move, in an effort to stop them complaining. authorities in her non have started returning the money. blaming the crisis on a criminal gang, but many locals feel the government is not protected. their interests. no public criticism of communist party rule is rare in china, where social stability is inefficient, obsession and demonstrations are quickly squashed. oh, but it does happen last year there were chaotic scenes at the headquarters of construct developer ever grand. as just frontal investors crowded its lobby to demand repayment of loans. buying property is one of the few ways ordinary chinese

can make investments. and the real estate bubble is causing public dissatisfaction . there's also anger of the government 0 covert strategy, aimed at keeping china and tardy coven free. earlier this year, residents, bank pans and shouted from their windows to protest against the enforced lockdown in shanghai. these protests come with a politically sensitive time for the party, just months before its leader. she jim ping is expected to seek an unprecedented 3rd term at a key meeting in the autumn. she's anti corruption campaign, is a key policy. the protesting john jo, shanghai, and change in our stock. reminder of what could happen if the communist parties economic model starts to unravel. clifford tuning who filed the piece, joins us in the studio. clifford so good to see you again. i want to start with how you ended you report. he talked about the dangers of the chinese economy unraveling

. how shaky is the economy? well, i think a lot of people have called the end of the chinese economy over the years and am. but what we've seen is a lot of resilience. i think the difference this time is that there's a lot of things happening at once. and we had data this fresh dasia which shows that the economy shrank by 2.6 percent versus the previous quarter. as a result of the 0 covert policy, which the government is doing largely due to that. and then of the same time, you have this real estate, an issue which real estate, which accounts for a quarter of the whole economy is in serious trouble. and the developers are running out of money. and their big lenders are the local banks, the same kind of local banks that we saw in john jo. am and they've been in crisis because they're running out of cash. and we've also seen junk soup problems. we've seen an on way proven so it seems to be quite a common growing problem. and on top of that, you've got demographics are working against china a little bit to it, sir. the population is aging and india is about to overtake china as a,

as the biggest populace in the world. and then you also have an problems of youth on employment which has risen to nearly 20 percent now, which is very, very high. and you've also got nearly 11000000 college graduates coming onto the market right now. so the problem is really the combination of all these different elements coming together. i think that's what makes it, and from previous predictions that the economy is in trouble. and when you have bad economic conditions, what does that mean politically? well, it means that basically this is the real political risk. am she, jim ping, segan pings obsession at the moment is the 20th party congress. in the fall, i am at which he is likely to get his unprecedented 3rd term. and all of his focus is on this. and all dia, local governments have been told by the central government that they have to create a favourable environment. i'm and they've been repeatedly told this. so then this incident in john, jo happens and you can sort of see that the political ramifications are going to be

quite serious because he wants stability at all costs. but when people see this sort of instability and it breaks down the social contract which exists between the communist party and the people of china, that as long as the economy keeps growing, we were prepared to put up with certain restrictions on our freedom and, and other aspects that they have to deal with, but where that social contract breaks down is when, when the economy stopped growing. and i want to grab onto that thought about officials over reacting to things. and there was a line in your report. you mentioned that the protesters on their on health check apps on their phone for cove. it that the signal went from green to red. in other words, it seemed as if officials were manipulating this app that was meant for health. in order to prevent co testers or potential protesters from heading out. that's right . i mean, this happened to about a 1000 protesters at the local government admission that has happened and they said

it was a technical error. but clearly it was, it was, and another example of this authoritarian technology being used to control people. and we're seeing this and in terms of the social credit system where people are evaluations on their behavior. and we're seeing this in all, all aspects of the surveillance station, china, it's another example of, of this technology being used at 22 very nefarious ends. i mean, it looks like the situation in china is that the conditions for people are just getting tighter and tighter. yeah, i mean we've seen this during the whole she, jim ping era that things have just gotten tighter. and now that we have 0 covert, which is admittedly by can no offense or be about controlling the virus. but it's also being used as a system of control for the people or reminder of who's in charge. so definitely i think what we're seeing now is sam particular with the congress coming up again. you know, as we mentioned earlier that, that things are just going to be very, very ties until then. what happens after the congress? nobody knows. but this, there's no reason to think that things are going to get easier after the congress.

yeah, i was going to say there, there's no incentive for officials to give up their power over people. that's right . i mean, people are talking about it could become more and more like north korea, so we'll have to, we'll have to wait and see until at lee congress. definitely something to wait and see. clifford coon and thank you so much for joining us. ah. the indian city of dam sela at the foot of the himalayas is best known as the exiled home of the dalai lama. little to bed, as it's often called, has been a huge draw for tourists over the years, including myself. but like so many places, the pandemic left its streets deserted. ah, the city of durham sala in india's himalayas. thousands of tibetans have found a home here, along with the most famous of all. the dalai lama. the exiled, spiritual leader has brought global attention and tourists to the city, a boon for local businesses. but the pandemic brought all that to

a halt. my family depends a time. you have a good deal. i think dependent on maybe a maybe more do is then come durham sala has in the nickname of little to bit a center of tibetan buddhism framed by the beauty of the himalayas. a perfect backdrop for that possible pose. a danger with me, i'm not going about with

foreign visitors, are also starting to trickle back long time. i didn't know with the connection these with and also i like many, many, many, many, many places. so when you get a hold of them, i like but for local vendors, the return of tourists isn't translating into profits. that with you at this a lot, i think due to the pandemic, people are cautious of spending much people would buy many gifts. they're not spending much now because they may want to save it for a rainy day. in case there is another pandemic. earlier i would earn a 5000 rupees a day, but now i can only minutes

a 1000 to have ivy with while income's full. the cost of living in the city is rising. a double blow for a community heavily dependent on tourism. that's it for friday. have a good weekend. ah. people in trucks injured when trying to flee the city center. more and more refugees are being turned away at the border. families played on the tax in syria to leave credit with trade. people fleeing extreme ground up getting 200 people from the agency around the world.

more than 300000000 people are seeking refuge. yes. why? because no one should have to flee make up your own mind. d. w. made for mines. ah, ah, lack luster. chinese growth adds to the bleak, economic outlook around the world. pro, falling more than expected in the 2nd quarter. paging is still trying to recover from major lock downs, while other problems lou or so on. our show joe, by needs help with oil prices. now he's visiting saudi arabia. what can the kingdom really do? and diamonds turned botswana into

a more prosperous country. sanctions on russia's gentry could give the industry an extra boost. hello, and welcome to the show. i'm from beardsley in berlin. weaker than expected growth out of china is adding to an increasingly bleak economic picture around the world. b gene reporting to date that the chinese economy grew just under half a percent annually between april and june, a period of time that includes a major lockdown in shanghai, the world's largest port. a china has forecast growth of 5.5 percent this year. a goal that almost all analysts now say is all but impossible at this point. now for closer look at the problems facing beijing, i spoke to someone who knows the countries business community quite well. your booker is president of the european chamber of commerce in china. he joins me now for more. yeah, this was not the best news on growth from china. and then we still have issues including unemployment, property, market issues, also a global the globe.