order teaching president of the global powered china is part of a whole system which believes his time has come. he relies on an authoritarian system of total surveillance on economic expansion without scruples and again and again, she provokes and threatens with the military aggression the chinese president believes his way is for superior than that of western democracy. china's president, she ging ping distorts july 30th on d. w. today on the w news, asia, chinese regulators trying to defuse anger over a corruption scandal involving banks. thousands of deposited still can't access their frozen accounts. and the government grapples with a growing mortgage payment by caught across the country plus public health tools or

digital handcuffs. why critics called china's digital covered pass a method of state control. ah, i've been fizzle and welcome. it's a politically sensitive year for china and confidence in the financial sector has blanched a few months ago for rural lenders in the northern province. of hannon froze, the deposits of hundreds of thousands of customers. state regulators have finally announced the 2nd round of re payments to some of those account holders for next week. but as patrick falk reports from bay jing this isn't the only banking crisis causing so felonies ah, the weeks they'd been pockets of demonstrations. then one sunday, earlier this month, hundreds gathered and john joe, the capital of hun and province demanding compensation for months,

they've been frozen at their bank accounts with 4 royal vendors. before long, thousands of security personnel appeared to suppress the protectors panels. ugly rush over by the hundreds. grab somebody and beat them and kick them regardless whether it was men, women, the elderly, or children, even people with disabilities. leaning was one of the depositors there that day. that's not his real name, but lehman wants to keep his identity concealed, fearing possible. retribution, a former taxi driver, he told us he deposited $1000001.00 or around 850000 us dollars into one of the banks that had blocked their customers accounts. they were his families savings and they had entrusted him to invest the money to attack. i wanted allen to pain it is brought to us may be life long and could even affect our child's future. the hun and bank scandal drew widespread attention even before the crackdown on protested last month. many people and john were outraged after thought his turn some the

deposit his cove at 19 health could read that stop them from travelling to demonstrate. it's not clear just how much money the victims have lost in this scandal, but some reports of suggested it could be in the 10s of billions of you on local police and blame it on a criminal gang saying it's took over these banks and made illegal transfers through fake loans, officials now say they'll start repaying some victims, but only those with up to $50001.00 and savings. lee and many others fear they'll never get the full amount back your honeymoon. i think they're trying to recover the stolen funds if they could recover was been stolen. we wouldn't have had this kind of situation today. so i'm not optimistic. this is the only crisis engulfing chinese banks right now. tens of thousands of home buyers across the country have been withholding mortgage payments on stalled construction projects. many of them

ran out of funds that are struggling to complete. her nan is again at the center, the capital jung jo, is where most mortgage boycotts be recorded. and the say both cases point to week government oversight and the local authorities. and in the case of the mortgage crisis, it's the local housing departments, local housing administration department. they are responsible for checking accounts and making sure that developers use this money in, in appropriate way. this has not happened. many developers have faced the cash crunch since beijing began reining in easy credit, the tame it's dead power. so far, bank say they can manage the risks from the mortgage crisis, but if it gets worse, it could threaten their credit profiles and power more pressure on china's already strained financial system. o resident, gigi, ping. the timing could not be worse. it comes just months ahead of the once every 5 years, communist party congress there,

he'll likely tout his success at maintaining stability as a reason to break presidents and stand for 3rd. so diana showed eva is chief economist inaudible economics and independent consultancy. she said up, diana, we heard there about developers going bust, but also the misappropriation of funds a both these scandals, the real estate scandal and these frozen bank accounts are linked to corruption. basically, some of them are linked to corruption, but actually this is much bigger than that. there is janet o social discontent at the way says him being has changed the current how the economy runs in china and his economic policy. in particular, he is a dea's about the housing in the real estate market. to what extent, how big are you talking? because according to estimate construction work, for example,

is halted in the past year on 13000000 apartments. where, where could all this lead? well look, i mean it's, there's the construction side, but there is also something even more important. the majority of household wealth is in housing, and she's just being has declared that houses are for living in, not for speculation. so the assault of your thought is on the property set away dia as well to suppress house prices and lower the share of real estate investment in g. d. p is having profound impact on both the supply side. and if you'd like the demand side in china, people has very few outlets where they can earn a decent return on their savings on their wealth. and they had poured into the housing market in expectation of ever rising housing. house prices,

which has been actually validated up until the last couple of years. and this is what this is all about. because as you know in china, people can not go to the ballot box and express their discontent. so they do it in other ways. one of the banking scandal was related to corruption, but it's not just that diana, to bring us back to the real estate market. it's considered a safe and lasting asset investing in property to pass down to your, your kids and your kids, kids. you said that's changed, i how's this going to affect the chinese it has already been affecting them quite profoundly, especially when you consider and take into account the uncertainty of the log downs . and more generally, she's policy of income distribution. so the well off urbanites are feeling the

pressure consuming consumer confidence is low and spending is in the doldrums and all the monthly china can not continue just throwing on for money at unproductive investment. it needs to create the right circumstances in which or incentives in which consumers can thrive and become a growth driver. it's doing the exact opposite. well, this is the tricky balance to find between communism and capitalism. could this become a big crack in the states social contract, so to speak? yes, it's a small crack right now, but actually the mortgage boycott is a very interesting development because it does give house calls a much bigger leverage if you'd like, you know, in the past,

even 5 years ago, the majority of housing was bought with savings, not with mortgage is now mortgages as a share of g b r, almost close to western levels. and in the past, households protested by gathering in from them develop us maybe brushing their property, but they couldn't do much more if they lost their savings. they lost their savings . but now having bottles from the banks, they could threaten but the engine is just any crisis within the banking system. if this spreads out, so they have a lot more leverage to express their discontent. i say diana shale over there and economists are talking to us about the various scandals at the moment hitting the chinese property market and banking sector. thank you very much for the insight. very interesting stuff. thank you, ben. as we saw in our banking report in china, the q, our color code on

a smartphone can restrict your movements. green means you're healthy and you can go about daily life. but yellow or red, mean you present a risk. we met a human rights lawyer who says the software is being used as a form of state control. ginger hello, idle lawyer wong. you hasn't been able to move around freely for some time. as a critic of the regime, she's often been under house arrest. but now the government has developed a new restriction on movement. the corona warning app is compulsory nationwide, but no longer works for her long. you can't even go shopping made and even when she needs to go to court for sensitive cases, the app shows a yellow code, even after multiple negative p c r tests. with an auto pay any lo to court as an attorney on a case in the city of de tongue, i'll tell you what anything. how might it within one mile now, but they turned my coat yellow late and i couldn't do anything. you can hardly move and you can't go anywhere i did by the nurse or she will y'all need slander doctor

john lydell. again. when you is incensed that there are no laws covering the operation of the corona health app, long am made for me and they were living. yes, there is no paperwork, no regulations, nothing. so the restrictions imposed through the app are totally legal and you have a white glove. wow. getting around the city is now an obstacle course, shall you even in the taxi, the health apps q r code has to be scanned. luckily, the driver only needs one passenger to log in. yelp was always them. what if someone doesn't scan it? as of now, you have to, that's the rule. but what if they don't have a cell phone is a by that then they can't go by taxi media. a green code on the health app is also required for buses and subways. even access

to apartments is now monitored every one in beijing lives with an a gated compound, with only one entrance. there are checkpoints everywhere. when you lives in the beijing suburbs, only after a heated argument, did the security guards allow her into her own building without a scan? what? yeah. all visitors must also log in. yes, good at all. no one knows what will happen to morrow. i mean, maybe the guard won't let me through and i won't be able to get in around him, and this is all illegal by you taught the elia, taiwan valley. how do robot hill? the chinese government has turned the corona up into a surveillance tools every time it's scanned. names and locations are passed on to the police and we leave you with a good news story from china away. so if skating is soaring in popularity as code

19 shutdowns cubs, sama travel and free of the streets. it 1st took off in spring, especially among women. happy bought it. thanks for watching and have a good weekend. bye bye. 3 people in trucks injured, one trying to feed the city center more and more refugees are being turned away and the water families played on the tax in syria to these critical illness

with administrative people lean extreme around getting 200 people. hassan 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, your of reckons with the impact of rates rises, e. c, b 's decision to height rates by half a percentage point was welcomed him some quarters. but what does it mean for the euro zones? biggest borrowers and has europe left its future in the hands of too many other

countries? we'll look at how the e u is trying to lower its reliance on foreign imports. this is data we're business on robots in berlin. welcome to the program. it followed immense pressure. the european central banks decision to hike interest rates by 50 basis points has been welcomed in many parts of the euro zone, but not all the higher than expected rates rise announced by christine legard on thursday brought the c p policy closer in line with the u. s federal reserve and strengthened euro against the dollar. the key aim is to bring down record inflation in the euro zone. however, the rise has been met with concern in parts of europe with higher levels of debt among them. italy where news came on the same day as its prime minister, mario druggie announced his resignation. well, let's discuss this further with yolk kramer. his chief economist.