politicians once balked at the cost of building the sydney opera house. now they've pumped in another $150000000.00 australian dollars to help make this landmark venue reach its full potential. watching b, w, coming up next in news, asia. china tries to diffuse and go over thousands of frozen bank accounts and fresh claims that china is misusing its digital cove. it pass for state control and facility will have those stories and more in just a moment. that's d, w, use asia, and i'll be back of the top of the staff with more world views. have a good you become a criminal. pre claim ai already knows a little bit about hackers, paralyzing the tire societies. computers that out some of you

and governments that go crazy for your data. we explain how these technologies work, how they can tell what rules and for, and how they can also go terribly. watch it now on youtube. niko is in germany to learn german lodge. benita, why not learn with him? t w's e learning course eco's fake. today on the w news, asia chinese regulate his trying to defuse anger over a corruption scandal involving banks. thousands of deposit has still can't access their frozen accounts. and the government grapples with a growing mortgage payment by court across the country. plus like health tool or

digital handcuffs. why critics called china's digital covered pass a method of state control. ah, i've been fizzle unwelcome. 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 route of re payments to some of those account holders for next week. but as patrick fork 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 demand and compensation. for months,

they've been frozen at their bank accounts with for rural lenders. 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. lehman 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, a savings, and they had entrusted him to invest the money to attack. i wanted allan 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 in china were outraged. after a thought, his turn, some of the deposits covert,

19 health could read that stop them from traveling to demonstrate. it's not clear just how much money the victims have lost in the scandal. but some reports of suggested it could be in the 10s of billions of you on local police, have 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 and savings lee and many others fear they'll never get the full amount back when they're 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 to day. so i'm not optimistic. this isn't the only crisis in golfing 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. a da struggling to complete her man is again at the center the capital jung. joe is where most mortgage boycotts been recorded. and the say both cases point to week government oversight and the local authorities and into 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 raining 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. oh, the president cheated, paying the timing could not be worse. it comes just months ahead of the once every 5 years, communist party congress there,

he'll likely tell to success at maintaining stability as a reason to break presidents and stand for a 3rd term. diane, a show liver is chief economist, they know to 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 geno social discontent at the way says in being has changed the current how the economy runs in china and his economic policy. in particular, his ideas about the housing and the real estate market. to what extent, how, how big are you talking? because according to estimates construction work,

for example, as hold it 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 shipping has declared that houses are for living in, not for speculation. so the a saw the authorities on the properties that we did here 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 wells. 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. 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 ultimately 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 of 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 weed savings, not with mortgages 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 borrowed from the banks, they could threaten but the engine is the standard 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. and 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 helen lytle, 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 maybe even when she needs to go to court for sensitive kaylee. the app shows a yellow coat. even after multiple negative p c r tests with an apple pie hello to court. as an attorney on a case in the city of de tongue, i'll tell you what anything how much it will be in 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 scenarios that

are john lydell again, when you is incensed that there are no laws covering the operation of the corona health app, all of our m b one and they will live in january. there's no paperwork, no regulation since 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? nazena, you have to, that's the rule. but what if they don't have a cell phone? you the by that then they can't go by taxi media 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 within 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, it may be, the guard won't let me through and i won't be able to get in around again. and this is all illegal by you taught me, elia. i want to bother you. i don't know. will. 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 would leave you with a good news story from china away. so if skating is soaring in popularity as covert

19 shutdowns cub some a travel and free up the streets, it 1st took off in spring, especially among women. abbey bought it. thanks for watching and have a good weekend. bye bye. thanks to the point. strong opinions, clear positions, international perspectives. russia's war on ukraine was initially seen as a regional conflict, but it's up and think geo politics. both sides seek new alliances for travel time.

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