is or is there more to the de listing of 5 major chinese companies from the new york stock? and we'll show you how euro, why i managed to get almost all of its energy from renewable sources. and what price the south american countries paying for that? i'm chris kolber on berlin. welcome to the program. the use economy grew slightly less than expected from april to the end of june, amid soaring energy and food prices. in the 2nd quarter of the blocks, gross domestic product increased by 0.6 percent compared to the 1st 3 months of the year. according to the latest official figures, economies of the netherlands romanian sweden grew exceptionally strong while germany's stagnate it, europe's largest economy is healing. the pain of reduced russian gas laws, fears that gas rationing could devastate the german economy, are rising. now the international monetary fund has warned that europe's industrial powerhouse is exposed to the biggest economic risk from the fall out

of the war in ukraine. fatty nonfiction arm is an economist at berlin's h t, w gunners, versity of applied sciences. let's get his view on this. so we're come back to the program for it. and so we have 0.6 percent growth in the u as well as into euro's on. what do you read in these growth fairs to bit of mix picture. as you said in your, in your introduction when we have relatively strong growth in southern europe and weak growth in also in europe or in germany in particular. and in that sense, it's been, it's a bit mixed picture. i guess what we can read into that is that the high uncertainty in the current situation is making life particularly hard for countries as germany or producing machinery, for example, with goods in general. because uncertainty is always

a bad thing for investment obviously. and this is what is dampening growth in germany. so interesting, and speaking of these risks, we have the warning of the i m f saying that the german economy is most exposed to these a full address of the war and ukraine. and that has been data showing that the journal economy already contract it slightly in july. so how big is the risk for germany here? i think we don't see too much in the current figures yet, but the outlook is definitely extremely weak. i. i think we should expect for the 2nd half of the year for the 3rd and 4th quarter, we should expect negative growth. and this is obviously related to the current situation in eastern europe, but also related to supply chain interruptions with china. we currently hear pro, massive pro here about massive problems in china, in terms of economic production and all these aspects play a major role for germany, which is highly dependent on the,

on its exports. and there are more and also, and it's important to actually import of gas in parts off of off semi semiconductors and all the things we are exporting from the near east like eastern europe and the far east like china. and at the same time, the german government says a 2 floating liquefied natural gas terminals will be operational starting in the winter time, the country's gas storage facilities are 75 percent full. you know, what do you see regarding this scenario when it comes to energy supplies for the country, for the economy in germany? i think most people are, may be hesitatingly optimistic about this. so i think what we're, what we're definitely seeing is that the german economy, that german firms, but also private households are able to reduce their gas consumption. and i'm sure

we can expect stronger reductions if the price increases, which are to be expected for the 2nd half of the year. fully kick in and fully fully effect households and firms. but there is still a way to go to be honest, we still have to reduce by some more than 20 percent. and this means translating it into households. daily life means we have for do we have to reduce the temperature in our apartments by some 2 degrees celsius and that is something you, you will feel and notice, and i'm really uncertain if people are able and willing to reduce their gas consumption by that much economist had a, there isn't a situation. thank you for your time. sorry. thank you. another, some of the other global business stories making news, german utility unit or univer, which secured

a 15000000000 euro stay bail out last month voted a loss of more than 12000000000 euros for the 1st half of the year. that's mainly due to the lower russian gas applies, which forced it to buy at higher prices elsewhere. he'd waive any sunshine has pushed up egg crisis by 30 percent. his hands are laying fewer eggs and i've also been eating less on hot days. some farmers have electric cooling systems for their animals. apple is and talks to make it smart watches and laptops in viet nam apples. suppliers have started testing production in the country. as the tech giant cease to diversify production away from china. vietnam, which already makes apples tablets and earphones is its most important production hub out side of china. or strained relations between the united states and china, making chinese firms leave wall street. while 5 major chinese state on firms are

withdrawing from the new york stock exchange. oil joins petra, china and sino pack are leaving along with chemicals, firm, shanghai, petrochemical, which is owned by sine a pack. china is biggest aluminum producer, chaco and insurance giant china life insurance are also quoting wall street. these 5 companies have a combined market capitalization of $320000000000.00. apparently, it is all over new transparency requirements that allow authorities to get more internal information from publicly listed firms, not chinese state own firms, do not want to hand over more information. siding national security concerns now more chinese firms are coming to europe among the top destinations leading financial centers, switzerland, and germany. let's get more on this from d. w sold sang hen in taipei. so trying to claim that increased

scrutiny by use authorities is the reason for this d listing. how much are these companies giving up with this book? or chris, not much though you talk about the numbers for the trade in value of these companies is very small in the u. s. capital market as a whole, and most of them could turn of hong kong was thinking for, for secondary listing, or dual listing. hong kong, for example, is a highly efficient capital market. and with the sun high sends and hong kong star connect mckenna's them, it's more effective in expanding the composition and scale of investors and diversifying their risks. they are voluntary on the listing as scholarly in that either they are not happy about the escalation tensions over taiwan. or there will be some progress in the us, china audit and a regulatory negotiations. what does this move then mean for companies like ali baba, for example, which are heavily banking on their listing in the united states?

well in july this year ali baba announced that it would soon apply for a primary listing in hong kong, making it a dual listing company. so he didn't have to face increase regulations in you at u . s. as you mentioned. and we also talk about another big chinese company by do it applied for a secondary list in which is an easier way up by the way. i'm behind these, there is, this is invisible hand off basing because the chinese government, they don't want these companies to hand over data of 100000000 users a collected in china to the u. s. in order to go public in the us. so are for them . it's more a national security issue. and so some chinese companies are preferred reasonably to be listed on european no stock exchanges. how does china view europe as a trading hub or chinese companies, they are looking for a new land for i p o. and with the launch of sun high london stock exchange connect

europe is expected become a listing, why they called a listing paradise for chinese companies. on while allowing companies listed on the center and stock exchange to issue global depository receipts and expanding the overseas markets to the stock exchange of switzerland, germany and other countries in europe. the w's sold sung han anti buried. so thank you. it is to your why now and in the past decade, the south american country has gone from being dependent on fossil fuel imports for power to a renewable energy pioneer. almost 100 percent of its energy. now come from renewable sources, but that also comes at a price. kado pharma, jemina bolos property is surrounded by a wind park. and while the turbines don't belong to her, they bring many advantages to the farm. the company that built the wind farm also

repaired al paths enrolled and installed fences and gauge. you know? sure, that's why we said yes to the wind turbines. after our initial concerns, that wind turbines financed by foreign investors rotate on geisha manas farm, paying her a $160000.00 a year in rental income. thought again, it is that we use the rental income from the wind turbines to buy cattle on his seed and she so i plan that for him that moves us forward. you and are you going to now gardena? dozens of wind parks like this one have allowed uruguay to meet nearly all of its energy needs from renewable sources. this small south american country is now a climate champion. and the center of this development is here. you take the technological university has specialized in renewables. it trains

engineers for wind and solar energy tech as part of the country's energy strategy. it often camille is somebody when and change no energy resources has ensured that we no longer import oil, but export massive amounts of renewable energy to brazil and argentina. for example, in that he had and about of an acidic window by that hinting. and that's also because the government makes solar energy palatable to businesses with huge tax incentives. 5th has to disadvantages. whenever the wind blows all the sun shines hydropower from reservoirs isn't needed. it's only used when really necessary, so it's all, well, in uruguay. no, not at all. ordinary consumers are paying the price of the expansion of the renewable energy production. poor families are spending up to 15 percent of a monthly income on electricity, according to experts. the la begum, we caught it the cost of renewable energy somewhat lower than fossil fuels before,

but it's still very high. that's because uruguay is a small country that has had to make significant investments with foreign partners for the wind farms and transmission network. the sauce i love party, so i legos kick off. don't know, black jemina also pays high electricity prices, and yet she cannot imagine how new life without it as a cattle and wind farm. and that's a show i'm chris kolber on berlin. thanks for watching. have successfully ah ah, with

a glistening place of longing. the mediterranean sea, it's waters connect people of many cultures. net and just a lebanon, a nelson with in 30 minutes on d. w. lead. red alert for ah, this isn't just route. this is a read if occasion we're going to have some epic or over water over the world. the matter is becoming

a scarce commodity. he's only earth dying of thirst. look global struggle for water in 75 minutes on d w. what? yes, i understand what's behind them. dw news africa show that was the issue in the continent . life is slowly getting back to normal here on the street to give you enough reports on the inside of our cars. funding was on the ground reporting from across the continent and all the trends doesn't matter to you. t w is africa every friday, only w is the end of the pandemic in sight. we show what it could look like. return to normal. and we visit those who are finding it difficult a success in our weekly

coping 19 special every thursday on d w. a . this is the w is live from berlin, the palestinian president sparks outrage in germany accusing israel of commission. 50 holler course against his people. on german chancellor, olaf shoulds face his heavy criticism for failing to respond quickly to the comments. also on the program can use president elect to william root.